Just use _{\textstyle S}
, perhaps adding \mathstrut
to give a bit more room.
Here a couple of examples, the second uses multlined
(which requires mathtools
) for splitting the big underbraced object into two lines:
\documentclass{article}
\usepackage{amsmath,mathtools}
\begin{document}
\begin{equation}
K=\frac{E}{(1+i)^r}\cdot
\underbrace{\left(
1+\frac{1}{(1+i)^{g}}+\frac{1}{(1+i)^{2\cdot g}}
+\frac{1}{(1+i)^{3\cdot g}}
+\dots
+\frac{1}{(1+i)^{(n-1)\cdot g}}+\frac{1}{(1+i)^{n\cdot g}}\right )
}_{\textstyle S\mathstrut}
\end{equation}
\begin{equation}
K=\frac{E}{(1+i)^r}\cdot
\underbrace{
\begin{multlined}[t]
\biggl(
1+\frac{1}{(1+i)^{g}}+\frac{1}{(1+i)^{2\cdot g}}
+\frac{1}{(1+i)^{3\cdot g}}
+\dots
\\
+\frac{1}{(1+i)^{(n-1)\cdot g}}+\frac{1}{(1+i)^{n\cdot g}}
\biggr)
\end{multlined}
}_{\textstyle S\mathstrut}
\end{equation}
\end{document}
![enter image description here](https://cdn.statically.io/img/i.sstatic.net/NirJe.png)
Notes: never use align
for a single line display; avoid ...
and prefer \dots
.
I'd also write 2g
, 3g
and so on, without \cdot
, unless this is not ordinary multiples and \cdot
denotes a special action.