By Wendy Van Sickle
Columbus, Ohio, Dec. 30 – UBS AG, London Branch priced $43 million of 0% capped buffer in-gears due Feb. 25, 2027 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gain is greater than or equal to 58%, the payout at maturity will be par plus 79.1%.
If the index gain is less than 58% but greater than or equal to 30%, the payout at maturity will be par plus 131.54% of the gain in excess of 30% all plus 42.27%.
If the index gain is less than 30% but greater than or equal to 11%, par plus 165.1% of the gain in excess of 11%, all plus 10.9%.
If the index return is less than 111% but greater than or equal to 90%, the payout at maturity will be par plus 0.519% for each 1% that the return exceeds 90%.
Otherwise, investors will lose 1% for every 1% decline beyond 10%.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
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| Issue: | Capped buffer in-gears
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| Underlying index: | Dow Jones industrial average
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| Amount: | $43 million
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| Maturity: | Feb. 25, 2027
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | If index gain is greater than 58%, par plus 79.1%; if the index gain is less than 58% but greater than 30%, par plus 131.54% of the index return, all plus 42.27%; if the index gain is less than 30% but greater than or equal to 11%, par plus 165.1% of the gain in excess of 11%, all plus 10.9%; if index return is between 90% and 111%, par plus 0.519% for every 1% of difference between return and 90%; 1% loss for every 1% decline beyond 10%
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| Initial level: | Average of index closing levels from Dec. 22 to and including Jan. 4
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| Final level: | Average of index closing levels over the three-month period from Nov. 19, 2026 to and including Feb. 25, 2027
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| Pricing date: | Dec. 23
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| Settlement date: | Dec. 29
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| Agents: | UBS Financial Services Inc. and UBS Investment Bank
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| Fees: | 1.25%
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| Cusip: | 90285D579
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