New Issue: UBS prices $6.99 million trigger autocallable notes on S&P, Russell

By Wendy Van Sickle

Columbus, Ohio, Jan. 27 – UBS AG, London Branch priced $6.99 million of 0% trigger autocallable notes due Jan. 26, 2026 linked to the least performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus a 10% annualized call premium if each index closes at or above its initial level on any annual observation date.

If the notes are not called, the payout at maturity will be par unless any index finishes below its 70% downside threshold, in which case investors will lose 1% for each 1% decline of the worst performing index.

UBS Financial Services Inc. and UBS Investment Bank are the agents.

Issuer:	UBS AG, London Branch
Issue:	Trigger autocallable notes
Underlying indexes:	S&P 500 index, Russell 2000 index
Amount:	$6,993,000
Maturity:	Jan. 26, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	Par unless any index finishes below downside threshold, in which case 1% loss for each 1% decline of worst performing index from initial level
Call:	At par plus a 10% annualized call premium if all indexes close at or above initial levels on any annual observation date
Initial levels:	4,397.94 for S&P, 1,987.918 for Russell
Downside thresholds:	3,078.56 for S&P, 1,391.543 for Russell; 70% of initial levels
Pricing date:	Jan. 21
Settlement date:	Jan. 26
Agent:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	None
Cusip:	90279DTL0

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