New Issue: UBS sells $3.85 million trigger autocallable contingent yield notes with memory on ETFs

By William Gullotti

Buffalo, N.Y., Dec. 19 – UBS AG, London Branch priced $3.85 million of trigger autocallable contingent yield notes with memory interest due Dec. 18, 2026 linked to the least performing of the SPDR S&P 500 ETF Trust, the Utilities Select Sector SPDR Fund and Invesco QQQ Trust, Series 1, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at the rate of 10% per year if each ETF closes at or above its coupon barrier, 75% of its initial level, on any related observation date. Contingent coupon payments will include any previously unpaid coupons.

After one year, the notes will be automatically called at par plus the coupon if the shares of each ETF close at or above initial share price on any quarterly call observation date.

If the notes are not called and the final share price of each ETF is greater than or equal to the coupon barrier, the payout at maturity will be par plus all unpaid coupons.

If the worst performer finishes below the coupon barrier but at or above its downside threshold level, 65% of the initial share price, the payout at maturity will be par. Otherwise, investors will receive a number of shares of the worst performer equal to $1,000 divided by that ETF’s initial level.

UBS Securities LLC and UBS Investment Bank are the agents.

Issuer:	UBS AG, London Branch
Issue:	Trigger autocallable contingent yield notes with memory interest
Underlying ETFs:	SPDR S&P 500 ETF Trust, Utilities Select Sector SPDR Fund, Invesco QQQ Trust, Series 1
Amount:	$3,851,000
Maturity:	Dec. 18, 2026
Coupon:	10% per year, paid monthly, if each ETF closes at or above its coupon barrier on any related observation date; coupon payment events will automatically include any previously unpaid coupons
Price:	Par
Payout at maturity:	Par plus final coupon and any previously unpaid coupons if each ETF finishes at or above coupon barrier; if the worst performer finishes below coupon barrier but at or above downside threshold, par; otherwise, receive a number of shares of the worst performer equal to that ETF’s equity ratio
Call:	Automatically at par plus coupon if each ETF closes at or above initial level on any quarterly call observation date after one year
Initial levels:	$469.33 for S&P Trust, $63.97 for Utilities, $405.34 for Invesco
Coupon barrier levels:	$352.00 for S&P Trust, $47.98 for Utilities, $304.01 for Invesco; 75% of initial levels
Downside thresholds:	$305.06 for S&P Trust, $41.58 for Utilities, $263.47 for Invesco; 65% of initial levels
Equity ratios:	2.1307 for S&P Trust, 15.6323 for Utilities, 2.4671 for Invesco; share delivery per note
Pricing date:	Dec. 15
Settlement date:	Dec. 20
Agents:	UBS Securities LLC and UBS Investment Bank
Fees:	0.16457%
Cusip:	90279WUG7

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