Published on 11/13/2018 in the Prospect News Structured Products Daily.
New Issue: UBS sells $2.56 million 13-month capped gears tied to stock basket
By Emma Trincal
New York, Nov. 13 – UBS AG, London Branch priced $2.56 million of 0% capped gears due Dec. 13, 2019 linked to an equally weighted basket of 10 selected equity securities, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of Amazon.com, Inc., Boeing Co., Capital One Financial Corp., class C capital stock of Alphabet Inc., Home Depot, Inc., Intel Corp., Vail Resorts, Inc., Royal Caribbean Cruises Ltd., Ralph Lauren Corp., United Technologies Corp.
If the basket return is greater than zero, the payout at maturity will be par plus 3 times the return, subject to a maximum gain of 22.2%. If the basket return is less than zero, investors will have full exposure to the decline.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
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| Issue: | Capped gears
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| Underlying basket: | Amazon.com, Inc., (Symbol: AMZN); Boeing Co. (Symbol: BA) , Capital One Financial Corp. (Symbol: COF), Alphabet Inc. (Symbol: GOOG), Home Depot, Inc. (Symbol: HD), Intel Corp. (Symbol: INTC), Vail Resorts, Inc. (Symbol: MTN), Royal Caribbean Cruises Ltd. (Symbol: RCL), Ralph Lauren Corp. (Symbol: RL), United Technologies Corp. (Symbol: UTX); equally weighted
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| Amount: | $2.56 million
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| Maturity: | Dec. 13, 2019
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| Coupon: | 0%
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| Price: | Par of $1,000
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| Payout at maturity: | Par plus 3 times any basket gain, capped at par plus 22.2%; full exposure to any losses
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| Initial share prices: | $1,642.81 for Amazon, $366.47 for Boeing, $89.18 for Capital One, $1,055.81 for Alphabet, $182.01 for Home Depot, $47.25 for Intel, $258.96 for Vail Resorts, $106.12 for Royal Caribbean Cruises, $127.79 for Ralph Lauren and $127.94 for United Technologies
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| Pricing date: | Nov. 8
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| Settlement date: | Nov. 13
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| Agents: | UBS Securities LLC and UBS Investment Bank
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| Fees: | 0.25%
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| Cusip: | 90270KVN6
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