New Issue: UBS prices $3 million contingent income autocallable securities on three stocks

Chicago, Sept. 11 – UBS AG, London Branch priced $3 million of principal at risk contingent income autocallable securities with daily coupon observation and a six-month initial non-call period due Sept. 11, 2026 linked to the least performing of the common stocks of McDonald’s Corp., Restaurant Brands International Inc. and Yum! Brands, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at the rate of 10.8% per year if each stock closes at or above its coupon barrier, 70% of its initial level, on every trading day during the observation date.

The notes will be automatically called at par if the shares of each stock close at or above its initial share price on any quarterly call observation date starting after six months.

If the notes are not called and the final share price of each stock is greater than or equal to the downside threshold level, 60% of the initial share price, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the final share price of the least performing stock is less than its initial level.

UBS Securities LLC is the agent. Morgan Stanley Wealth Management is the underwriter.

Issuer:	UBS AG, London Branch
Issue:	Principal at risk contingent income autocallable securities with daily coupon observation and a six-month initial non-call period
Underlying stocks:	McDonald’s Corp., Restaurant Brands International Inc. and Yum! Brands, Inc.
Amount:	$3,000,000
Maturity:	Sept. 11, 2026
Coupon:	10.8% per year, paid quarterly, if each stock closes at or above its coupon barrier on every trading day during observation period
Price:	Par
Payout at maturity:	Par unless any stock finishes below downside threshold level, in which case 1% loss for each 1% decline of laggard stock from initial level
Call:	Automatically at par plus coupon if each stock closes at or above initial level on any quarterly call observation date starting after six months
Initial levels:	$275.44 for McDonald’s, $66.93 for Restaurant, $126.88 for Yum!
Coupon barrier levels:	$192.81 for McDonald’s, $46.85 for Restaurant, $88.82 for Yum!; 70% of initial levels
Downside thresholds:	$165.26 for McDonald’s, $40.16 for Restaurant, $76.13 for Yum!; 60% of initial levels
Pricing date:	Sept. 6
Settlement date:	Sept. 11
Agent:	UBS Securities LLC
Underwriter:	Morgan Stanley Wealth Management
Fees:	2.5%
Cusip:	90279WAV6

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