Homburger advised UBS AG, acting through its Stamford branch, on the establishment of a U.S. commercial paper program

On March 26, 2026, UBS AG, acting through its Stamford branch, successfully established a U.S. commercial paper program. The notes to be issued under the program will be offered pursuant to an exemption from registration under Section 4(a)(2) of the U.S. Securities Act of 1933, as amended (the «Securities Act»). The notes to be issued under the program will also be exempt from the registration requirements of the Securities Act pursuant to Section 3(a)(2) of the Securities Act and will be offered and sold pursuant to the exemption set forth in Section 16.5(b) of the securities offering regulations of the Office of the Comptroller of the Currency.

Homburger advised UBS AG with respect to all transactional aspects of Swiss law. The Homburger team was led by Stefan Kramer and Benedikt Maurenbrecher (both Capital Markets) and included Lee Saladino and Daniel Hulmann (both Capital Markets) as well as Stefan Oesterhelt (Tax).