New Issue: UBS prices $1.77 million trigger autocallable contingent yield notes on three ETFs

Chicago, March 4 – UBS AG, London Branch priced $1.77 million of trigger autocallable contingent yield notes due Feb. 26, 2027 linked to the least performing of the SPDR S&P Biotech ETF, the SPDR S&P Regional Banking ETF and the Utilities Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at the rate of 11% per year if each ETF closes at or above its coupon barrier, 70% of its initial level, on the related observation date.

The notes will be automatically called at par plus coupon if each ETF closes at or above 90% of its initial level on any monthly call observation date after three months.

If the notes are not called and the final level of each ETF is greater than or equal to its 70% downside threshold, the payout at maturity will be par plus any final coupon.

Otherwise, investors will lose 1% for every 1% that the final level of the least performing ETF is less than its initial level.

UBS Securities LLC and UBS Investment Bank are the agents.

Issuer:	UBS AG, London Branch
Issue:	Trigger autocallable contingent yield notes
Underlying ETFs:	SPDR S&P Biotech ETF, the SPDR S&P Regional Banking ETF and the Utilities Select Sector SPDR Fund
Amount:	$1,767,000
Maturity:	Feb. 26, 2027
Coupon:	11% per year, paid monthly, if each ETF closes at or above its coupon barrier on any related observation date
Price:	Par
Payout at maturity:	Par plus any final coupon if each ETF finishes at or above downside threshold; otherwise, 1% loss for each 1% decline of worst performing ETF from initial level
Call:	Automatically at par plus coupon if each ETF closes at or above 90% of its initial level on any monthly call observation date after three months
Initial levels:	$47.87 for banking, $94.75 for biotech, $61.96 for utilities
Coupon barrier levels:	$33.51 for banking, $66.33 for biotech, $43.37 for utilities; 70% of initial levels
Downside thresholds:	$33.51 for banking, $66.33 for biotech, $43.37 for utilities; 70% of initial levels
Call levels:	$43.08 for banking, $85.28 for biotech, $55.76 for utilities; 90% of initial levels
Pricing date:	Feb. 23
Settlement date:	Feb. 28
Agents:	UBS Securities LLC and UBS Investment Bank
Fees:	3.25%
Cusip:	90279W5E0

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