New Issue: UBS prices $820,000 trigger autocallable contingent yield notes on three ETFs

Chicago, July 31 – UBS AG, London Branch priced $820,000 of trigger autocallable contingent yield notes due July 30, 2026 linked to the least performing of the iShares Semiconductor ETF, the Industrial Select Sector SPDR Fund and the Consumer Staples 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 10% 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 the shares of each ETF close at or above its initial share price on any monthly call observation date after six months.

If the notes are not called and the worst performer finishes at or above its downside threshold level, 70% 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 ETF is less than its initial share price.

UBS Securities LLC and UBS Investment Bank are the agents.

Issuer:	UBS AG, London Branch
Issue:	Trigger autocallable contingent yield notes
Underlying ETFs:	iShares Semiconductor ETF, Industrial Select Sector SPDR Fund and Consumer Staples Select Sector SPDR Fund
Amount:	$820,000
Maturity:	July 30, 2026
Coupon:	10% 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 final coupon if each ETF finishes at or above downside threshold level; otherwise, 1% loss for each 1% decline of laggard ETF from initial level
Call:	Automatically at par plus coupon if each ETF closes at or above initial level on any monthly call observation date after six months
Initial levels:	$519.24 for semiconductor, $109.66 for industrial select, $75.90 for consumer
Coupon barrier levels:	$363.47 for semiconductor, $76.76 for industrial select, $53.13 for consumer; 70% of initial levels
Downside thresholds:	$363.47 for semiconductor, $76.76 for industrial select, $53.13 for consumer; 70% of initial levels
Pricing date:	July 25
Settlement date:	July 28
Agents:	UBS Securities LLC and UBS Investment Bank
Fees:	3.25%
Cusip:	90279GYX1

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