New Issue: UBS sells $4.37 million trigger gears tied to Russell, Dow, Nasdaq

By William Gullotti

Buffalo, N.Y., Dec. 6 – UBS AG, London Branch priced $4.37 million of 0% trigger gears due Nov. 30, 2026 linked to the Dow Jones industrial average, the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index return is positive, the payout at maturity will be par plus 1.3 times the least performing index return.

If any index falls by up to 40%, the payout will be par.

Investors will lose 1% for every 1% decline of the worst performer from its initial level if it finishes below the 60% downside threshold.

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

Issuer:	UBS AG, London Branch
Issue:	Trigger gears
Underlying index:	Dow Jones industrial average, Nasdaq-100 index, Russell 2000 index
Amount:	$4,372,000
Maturity:	Nov. 30, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	If each index return is positive, par plus 1.3 times the least performing index return; if any index falls by up to downside threshold, par; otherwise, 1% loss for every 1% decline of the worst performer from its initial level
Initial index level:	35,804.38 for Dow, 16,367.81 for Nasdaq, 2,331.459 for Russell
Downside threshold:	21,482.63 for Dow, 9,820.69 for Nasdaq, 1,398.875 for Russell; 60% of initial level
Pricing date:	Nov. 24
Settlement date:	Nov. 30
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	3.5%
Cusip:	90279DQR0

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