Every 424B that ETRACS Alerian MLP Index ETN Series B due July 18, 2042 (AMUB) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow AMUB and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full AMUB filings page.
UBS AG is issuing $570,000 of Trigger Autocallable Contingent Yield Notes linked to Lam Research Corporation common stock, maturing July 21, 2028. The Notes pay a high contingent coupon only if the stock’s closing level on each observation date is at or above a specified coupon barrier.
The Notes are automatically called if the stock is at or above the initial level on any observation date before maturity, in which case investors receive the $10 principal per Note plus the applicable contingent coupon and no further payments. If not called and the final level is at or above the downside threshold, investors receive full principal back (and a final coupon if the barrier is met).
If the Notes are not called and the final level is below the downside threshold, repayment is reduced dollar-for-dollar with the stock’s decline from the initial level, via $10 × (1 + underlying return), and investors can lose their entire investment. Any payments depend on the creditworthiness of UBS, the Notes are not insured, and they will not be listed on any exchange. Minimum investment is 100 Notes at $10 each, with an estimated initial value of $9.80 per Note.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Tesla, Inc., with an aggregate offering size of $1,421,000 and a principal amount of $10 per Note. Investors receive a contingent coupon only when the Tesla share price on an observation date is at or above the coupon barrier; otherwise no coupon is paid for that period.
The Notes are automatically called if Tesla’s closing level on any observation date before maturity is at or above the initial level, in which case investors receive principal plus the applicable contingent coupon and no further payments. If not called, and Tesla’s final level is at or above the downside threshold, investors receive full principal at maturity (plus any final contingent coupon if the barrier is met). If the final level is below the downside threshold, repayment is reduced in line with the underlying return and can fall to zero, exposing investors to full downside risk.
The term is approximately five years, from trade date July 17, 2026 to maturity on July 21, 2031. The estimated initial value is $9.75 per $10 Note. Payments depend on the creditworthiness of UBS, the Notes will not be listed, and the minimum investment is 100 Notes ($1,000).
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Lam Research Corporation, maturing on or about July 21, 2028. Each Note has a $10 principal amount, with a minimum investment of 100 Notes (a $1,000 investment).
Investors receive a 32.88% per annum contingent coupon of $0.822 per period only when the Lam Research share price is at or above the coupon barrier of $50.00 (50% of the initial level) on an observation date. The Notes may be automatically called if the share price is at or above the initial level on any observation date before maturity, returning principal plus the due coupon. If not called and the final level is below the downside threshold of $50.00, repayment at maturity is reduced dollar-for-dollar with the stock’s negative performance, and investors can lose their entire investment. All payments depend on the creditworthiness of UBS.
UBS AG is issuing Trigger Autocallable Contingent Yield Notes with an aggregate principal amount of $350,000, linked to the common stock of Advanced Micro Devices, Inc. Each Note has a $10 principal amount and a minimum investment of 100 Notes, or $1,000.
The Notes pay a contingent coupon only if, on each observation date, the AMD share price is at or above a defined coupon barrier; otherwise no coupon is paid for that period. The Notes are automatically called if AMD’s closing level on any observation date before maturity is at or above the initial level, in which case investors receive principal plus any due coupon and no further payments.
If not called, and AMD’s final level on July 19, 2028 is at or above the downside threshold, investors receive principal at maturity. If the final level is below the downside threshold, repayment is reduced in line with the share’s decline, and investors can lose up to 100% of principal. All payments depend on the creditworthiness of UBS; the estimated initial value is $9.80 per $10 Note.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Tesla, Inc., maturing on or about July 21, 2031. These are unsubordinated, unsecured debt obligations with a principal amount of $10 per Note, offered in a minimum of 100 Notes (a $1,000 investment) and integral multiples of $10 thereafter.
The Notes pay a contingent coupon only if, on each observation date (including the final valuation date), Tesla’s closing level is at or above the coupon barrier, which in the hypothetical example equals the downside threshold of 60.00% of the initial level (for example, $60.00 if the initial level were $100.00), corresponding to a contingent coupon rate of 12.40% per annum or $0.31 per Note per quarter in that example. The Notes are automatically called if Tesla’s closing level on any observation date before maturity is at or above the initial level, in which case investors receive principal plus the applicable contingent coupon, and no further payments. If not called and Tesla’s final level is at or above the downside threshold, investors receive only principal (plus any final contingent coupon if the coupon barrier is met). If not called and the final level is below the downside threshold, investors are fully exposed to Tesla’s downside, receiving $10 × (1 + underlying return) and potentially losing their entire investment. The estimated initial value per Note on the trade date is expected to be between $9.33 and $9.58, and all payments are subject to the creditworthiness of UBS.
UBS AG is offering $582,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of International Business Machines Corporation. These are unsubordinated, unsecured debt obligations that pay a 21.41% per annum contingent coupon of $1.0705 per $10 Note only when IBM’s closing level on an observation date is at or above the coupon barrier.
The Notes may be automatically called before maturity if IBM’s closing level on any observation date before the final valuation date is at or above the initial level, in which case investors receive the $10 principal plus the applicable contingent coupon and no further payments. If not called, and IBM’s final level on July 19, 2028 is at or above the $70.00 downside threshold (70% of the initial level), investors receive the $10 principal (and any final contingent coupon if the coupon barrier is met). If the final level is below the downside threshold, repayment is $10 × (1 + underlying return), exposing investors to full downside market risk and potential total loss of principal.
The Notes price at $10 per Note with a minimum investment of 100 Notes, have an estimated initial value of $9.72 per Note, trade date July 17, 2026, and mature July 21, 2028. All payments are subject to the creditworthiness of UBS AG, and the Notes will not be listed on any exchange.
UBS AG plans to issue Trigger Autocallable Contingent Yield Notes linked to the common stock of Advanced Micro Devices, Inc., maturing on or about July 21, 2028. Each Note has a principal amount of $10, with a minimum investment of 100 Notes ($1,000).
The Notes pay a contingent coupon at 25.25% per annum (e.g., $0.6313 per quarter on a $10 Note) only when the AMD share price on an observation date is at or above the coupon barrier of $50.00, which equals the downside threshold of $50.00, or 50.00% of the initial level. The Notes are automatically called if AMD closes at or above the initial level on any observation date before maturity, returning principal plus the applicable coupon and ending further payments. If not called and AMD is below the downside threshold at final valuation, investors are fully exposed to the negative stock performance and can lose up to all of their principal. The estimated initial value per Note is expected to be between $9.43 and $9.68, and all payments depend on the creditworthiness of UBS.
UBS AG is issuing Trigger Autocallable Contingent Yield Notes linked to the common stock of Meta Platforms, Inc., maturing on July 21, 2028. Each Note has a $10 principal amount, with a minimum investment of 100 Notes ($1,000), and is an unsubordinated, unsecured debt obligation of UBS.
The Notes pay a contingent coupon at a rate of 12.57% per annum (about $0.3143 per quarter per $10 Note) only if Meta’s closing level on an observation date is at or above the coupon barrier, set at 60.00% of the initial level ($60.00 in the examples). UBS will automatically call the Notes on any quarterly observation date (starting after 6 months) when Meta’s closing level is at or above the initial level, paying back principal plus the contingent coupon then due, after which no further payments are made.
If the Notes are not called and Meta’s final level on July 19, 2028 is at or above the downside threshold (also 60.00% of the initial level), investors receive only the $10 principal per Note (plus any final contingent coupon if the coupon barrier is met). If the final level is below the downside threshold, repayment is reduced in line with the underlying return, and investors can lose up to their entire principal. Payments are subject to UBS’s credit; the Notes are not FDIC insured, will not be listed on any exchange, and have an estimated initial value of $9.72 per $10 Note based on UBS’s internal models.
UBS AG is offering $200,000 of unsubordinated, unsecured Trigger Autocallable Contingent Yield Notes linked to the common stock of CrowdStrike Holdings, Inc., maturing July 21, 2028. The Notes pay a high contingent coupon only when the underlying stock closes at or above a coupon barrier on each observation date.
The Notes may be automatically called before maturity if the stock closes at or above its initial level on any observation date, in which case investors receive principal plus the applicable contingent coupon and no further payments. If not called and the final stock level is at or above a downside threshold, principal is repaid at maturity; if below, repayment is reduced in line with the stock’s decline, and investors could lose their entire investment.
Any payment depends on UBS’s credit; the Notes are not bank deposits, are not insured, will not be listed on an exchange, and their estimated initial value is below the issue price. A minimum investment of 100 Notes at $10 per Note is required.
UBS AG is offering $1,050,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of SoFi Technologies, Inc., due October 21, 2027. Each Note has a $10 principal amount and pays contingent quarterly coupons only if SoFi’s closing share price on the relevant observation date is at or above a specified coupon barrier.
The Notes are automatically called early if, on any quarterly observation date starting after six months, SoFi’s share price is at or above the initial level, in which case investors receive principal plus the coupon then due and no further payments. If the Notes are not called and, on the final valuation date of October 19, 2027, SoFi’s share price is at or above the downside threshold, investors receive full principal back at maturity.
If the Notes are not called and the final share price is below the downside threshold, repayment is reduced dollar-for-dollar with SoFi’s percentage decline, potentially to zero. The estimated initial value is $9.79 per $10 Note, and all payments depend on the creditworthiness of UBS AG.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of International Business Machines Corporation, maturing on or about July 21, 2028. Each Note has a $10 principal amount, with a minimum investment of 100 Notes ($1,000).
The Notes may pay a contingent coupon of 19.55% per annum ($0.9775 per $10 Note per period) only if IBM’s closing level on an observation date is at or above the coupon barrier, set at $70.00 (70.00% of the initial level). The Notes are automatically called if IBM’s level on any observation date before final valuation is at or above the initial level, in which case holders receive principal plus the applicable contingent coupon and no further payments. If not called and IBM’s final level on July 19, 2028 is at or above the downside threshold of $70.00, principal is repaid; if it is below, repayment is reduced in line with the negative underlying return, and holders can lose all of their initial investment. The estimated initial value per Note is expected between $9.34 and $9.59, and all payments depend on the creditworthiness of UBS. The Notes will not be listed on any securities exchange.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Meta Platforms, Inc., maturing on or about July 21, 2028. The Notes are unsubordinated, unsecured debt obligations of UBS and are not bank deposits or FDIC insured.
Investors buy in $10 denominations, with a minimum of 100 Notes (a $1,000 investment). UBS expects the initial estimated value per Note on the trade date to be between $9.41 and $9.66, based on internal pricing models and funding rates.
The Notes pay a contingent coupon on each observation date only if Meta’s closing level is at or above the coupon barrier; otherwise no coupon is paid. Beginning after six months, the Notes are automatically called if Meta’s closing level on an observation date is at or above the initial level, returning principal plus the applicable coupon, with no further payments.
If not called, and the final level on the July 19, 2028 valuation date is at or above the downside threshold, UBS repays the $10 principal per Note. If the final level is below the downside threshold, repayment is reduced in line with the underlying return, and investors can lose all of their initial investment. All payments depend on UBS’s creditworthiness and the Notes will not be listed on an exchange.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Micron Technology, Inc., maturing on July 21, 2028. Each Note has a $10 principal amount, with a minimum investment of 100 Notes ($1,000). The Notes pay a contingent coupon at 34.45% per annum (e.g., $0.8613 per period in the examples) only when the Micron share price on an observation date is at or above the coupon barrier of $50.00, which is 50% of the initial level.
The Notes are automatically called if Micron’s closing price on any observation date before maturity is at or above the initial level, in which case holders receive principal plus the applicable contingent coupon and no further payments. If not called, and the final Micron price on July 19, 2028 is at or above the downside threshold of $50.00, holders receive full principal back (plus any final contingent coupon if the barrier is met). If the final price is below the downside threshold, repayment is reduced to $10 × (1 + underlying return), exposing investors to the full downside of Micron, up to a complete loss of principal.
The Notes are unsubordinated, unsecured obligations of UBS and all payments depend on UBS’s creditworthiness. They will not be listed on an exchange. The estimated initial value is $9.62 per $10 Note, reflecting UBS’s internal pricing models and funding rate, which is below the issue price.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of CrowdStrike Holdings, Inc., maturing on or about July 21, 2028. These are unsubordinated, unsecured debt obligations of UBS, not bank deposits and not FDIC insured.
Investors receive a contingent coupon only when the underlying stock’s closing level on an observation date is at or above the coupon barrier. The Notes are automatically called early if the stock closes at or above the initial level on any observation date before the final valuation date, in which case investors receive principal plus the applicable contingent coupon and no further payments.
If not called, and the final level on the final valuation date is at or above the downside threshold, investors receive the $10 principal per Note (plus any final contingent coupon if the coupon barrier is also met). If the final level is below the downside threshold, repayment is reduced one-for-one with the stock’s negative return, and investors can lose all of their initial investment. All payments depend on the creditworthiness of UBS.
UBS AG is issuing Trigger Autocallable Contingent Yield Notes, unsubordinated unsecured debt linked to the common stock of International Business Machines Corporation. The notes have a principal amount of $10 per Note, are offered in a minimum investment of 100 Notes ($1,000), and are scheduled to run from a trade date of July 17, 2026 to a maturity date of July 21, 2028, unless called earlier.
Investors receive a contingent coupon only if IBM’s closing level on an observation date is at or above the coupon barrier; otherwise no coupon is paid. The notes are automatically called if IBM’s level on any observation date before maturity is at or above the initial level, paying principal plus the contingent coupon and terminating further payments. If not called, and the final level is at or above the downside threshold, principal is repaid; if it is below the downside threshold, repayment is reduced in line with IBM’s negative return, and the entire investment can be lost. All payments depend on the creditworthiness of UBS, and the estimated initial value per Note is $9.76.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of SoFi Technologies, Inc. The Notes are unsecured, unsubordinated debt of UBS with a principal amount of $10 per Note, offered in minimums of 100 Notes ($1,000).
Investors receive a contingent coupon on each observation date only if SoFi’s closing level is at or above a specified coupon barrier; otherwise no coupon is paid. The Notes are automatically called if SoFi’s level on any quarterly observation date (beginning after 6 months) is at or above the initial level, in which case investors receive principal plus the applicable contingent coupon and no further payments.
If the Notes are not called and SoFi’s final level on October 19, 2027 is at or above the downside threshold, UBS repays principal at maturity on October 21, 2027. If the final level is below the downside threshold, investors incur a loss equal to the percentage decline in SoFi from the initial level, and could lose all of their investment. Payments depend entirely on the creditworthiness of UBS. The estimated initial value is expected to be between $9.40 and $9.65 per $10 Note.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Micron Technology, Inc., maturing on or about July 21, 2028. Each Note has a $10 principal amount, with a minimum investment of 100 Notes (a $1,000 investment).
The Notes pay a contingent coupon only when the Micron share price on an observation date is at or above the coupon barrier, set at 50.00% of the initial level in the hypothetical examples. The Notes are automatically called, returning principal plus the applicable coupon, if Micron’s closing level on an observation date before maturity is at or above the initial level.
If not called and the final Micron level is at or above the downside threshold (also 50.00% of the initial level in the examples), investors receive principal back at maturity, plus any final coupon if the coupon barrier is met. If the final level is below the downside threshold, repayment is reduced in line with the underlying return, and investors can lose some or all of their initial investment. Any payment depends on the creditworthiness of UBS; these unsecured, unsubordinated obligations are not insured and will not be listed on an exchange. The estimated initial value per Note on the trade date is expected between $9.31 and $9.56.
UBS AG is offering Trigger Autocallable Contingent Yield Notes, unsecured debt linked to the common stock of International Business Machines Corporation. Investors pay $10 per Note, with a minimum investment of 100 Notes, and the Notes are scheduled to mature on July 21, 2028.
UBS will pay a contingent coupon on each observation date only if IBM’s closing level is at or above the coupon barrier; otherwise no coupon is paid. The Notes may be automatically called early if IBM’s level is at or above the initial level on any observation date before maturity, in which case investors receive principal plus the applicable coupon and no further payments.
If not called, and IBM’s final level is at or above the downside threshold, investors receive full principal at maturity; if it is below, repayment is reduced in proportion to the underlying return, with potential for total loss of principal. The estimated initial value per Note is between $9.41 and $9.66, the Notes will not be listed on an exchange, and all payments depend on the creditworthiness of UBS.
UBS AG London Branch is offering Contingent Income Auto-Callable Securities maturing around July 25, 2029, linked to the Class A common stock of Alphabet Inc. Each security has a $1,000 stated principal amount and is issued at 100.00% of principal.
Investors may receive a contingent payment of $26.125 per period (equivalent to 10.45% per annum) on each quarterly determination date when Alphabet’s closing price is at or above 60.00% of the initial price, the downside threshold level. If on any non-final determination date the closing price is at or above 100.00% of the initial price, the call threshold level, the notes are automatically redeemed early for $1,000 plus the contingent payment.
If the notes are not called and the final price is at or above the downside threshold, the maturity payment equals $1,000 plus the final contingent payment. If the final price is below the downside threshold, UBS pays a cash value equal to the exchange ratio times the final price, resulting in a loss of more than 40% of principal and possibly all of it. Payments depend entirely on UBS’s credit; the securities are unsecured, unsubordinated obligations, will not be listed, and the estimated initial value of $938.50–$968.50 is below the issue price.
UBS AG London Branch is offering Capped Leveraged Buffered Russell 2000 Index-Linked Medium-Term Notes linked to the Russell 2000 Index. Each note has a $1,000 face amount, bears no interest and matures in an expected 15–17 months.
At maturity, investors receive: (i) if the index has risen, 200% of the positive index return added to principal, but capped at a maximum settlement amount expected between $1,177.20 and $1,207.80 per $1,000; (ii) if the index is flat to down by up to 10%, full return of principal; (iii) if the index is down more than 10%, losses at about 1.1111% of face for every 1% decline beyond the 10% buffer, potentially up to a total loss.
The buffer level is 90% of the initial index level and the buffer rate is approximately 111.11%. The notes are not listed, may have limited or no secondary market, and are subject to the credit risk of UBS. The initial estimated value is expected between $953.30 and $983.30 per $1,000, below the 100% issue price, reflecting fees, hedging and UBS’ internal funding rate.
UBS AG London Branch is offering Capped Leveraged Buffered S&P 500 Index‑Linked Medium‑Term Notes due February 16, 2028. Each note has a $1,000 face amount, with an aggregate offering of $4,745,000, issued at 100% of face value and paying no interest.
The cash payoff depends on S&P 500 performance from the July 15, 2026 trade date to the February 14, 2028 determination date. Upside is leveraged at a 130% participation rate and capped at a maximum settlement of $1,238.16 per $1,000 (cap level 118.32% of the initial index level 7,572.40). A 10% downside buffer applies via a buffer level of 6,815.16; below this, investors lose about 1.1111% of principal for each additional 1% index decline and could lose their entire investment. The estimated initial value is $997.30 per $1,000, reflecting internal pricing and funding assumptions.
UBS AG is offering unsubordinated, unsecured Trigger Autocallable GEARS linked to shares of the iShares MSCI Brazil ETF. Each Security has a $10 principal amount and a term of about three years, subject to an automatic call.
The notes automatically call on August 5, 2027 if the ETF’s closing level is at or above the autocall barrier, set at 100% of the initial level, paying a fixed call price of $12.00 per Security based on a 20.00% call return rate and then terminating. If not called, at maturity on July 31, 2029 investors receive: enhanced upside via upside gearing of 1.75–2.00 on any positive return; a full principal repayment if the final level is at or above the downside threshold of 75% of the initial level; or a loss matching the underlying return if the final level is below the downside threshold, up to a total loss of principal.
The Securities pay no interest, forgo any ETF dividends, may have limited or no secondary market, and are subject to UBS’s credit risk. The estimated initial value per Security is expected to be between $9.449 and $9.749, below the $10 issue price, reflecting underwriting discounts, hedging and issuance costs.
UBS AG is offering Capped GEARS, unsubordinated unsecured notes linked to the Russell 2000 Index, at an issue price of $10 per Security, with a minimum investment of 100 Securities. The notes have upside gearing of 3.00 and a maximum gain of 20.00% to 22.20%, capping the maximum payment at maturity at $12.00 to $12.22 per Security.
The approximate 14‑month term runs from an expected trade date of July 29, 2026 to a maturity date of October 1, 2027. If the index return is positive, repayment equals $10 plus the geared return, limited by the maximum gain; if zero, only $10 is repaid; if negative, principal is reduced one‑for‑one with the index loss, up to total loss. The estimated initial value is expected between $9.495 and $9.795 and any payment depends on the credit of UBS.
UBS AG is offering Buffer Autocallable Contingent Yield Notes linked to the least performing of the S&P 500 Index and the Russell 2000 Index, each in $1,000 denominations, with a contingent coupon rate of 6.60% per annum and a scheduled maturity on or about July 31, 2031.
Investors receive monthly contingent coupons only if on each observation date both indices close at or above their respective coupon barriers; otherwise no coupon is paid. The notes are automatically called, returning principal plus the due coupon, if both indices are at or above their call threshold on any monthly observation date after 12 months. If the notes are not called and any index finishes below its downside threshold at maturity, repayment is reduced based on the loss of the least performing index beyond a 15% buffer, and investors can lose almost all principal. All payments depend on UBS’s credit; the estimated initial value is between $925.20 and $955.20 per $1,000 note, while issue price is $1,000, including a $37.50 underwriting discount and $962.50 in proceeds to UBS per note.
UBS AG, through its London branch, is issuing $1,585,000 of Trigger Autocallable Notes linked to the least performing of the Russell 2000 Index and the EURO STOXX 50 Index, maturing on July 21, 2031. Each Note has a $1,000 principal amount and may be automatically called quarterly, beginning six months after issuance, if on any observation date the closing level of each index is at or above its call threshold, set at 100% of its initial level. If called, investors receive the call price, equal to principal plus a call return based on an 11.30% per annum call return rate; the call return increases over time up to 56.500% (call price $1,565.00) if called at maturity.
If the Notes are not called and, on the final valuation date, both indices are at or above their downside thresholds (70% of initial levels: 2,082.197 for the Russell 2000 and 4,398.53 for the EURO STOXX 50), investors receive only principal. If at least one index finishes below its downside threshold, repayment is reduced to $1,000 × (1 + the return of the least performing index), exposing investors to full downside market risk and possible total loss of principal. The Notes pay no interest or dividends and all payments are subject to the credit risk of UBS. The estimated initial value is $963.90 per Note, versus a $1,000 issue price, reflecting underwriting discount, hedging and issuance costs.
UBS AG is offering Capped Buffer GEARS, unsubordinated unsecured notes linked to the S&P 500 Index, maturing on or about August 1, 2028. Each Security has a $10 principal amount and provides leveraged upside at maturity: any positive index return is multiplied by an upside gearing of 2.00, but the total return is capped by a maximum gain of 18.50% to 21.50%, implying a maximum payment of $11.85 to $12.15 per Security.
Downside exposure is buffered but not fully protected. If the S&P 500 return is zero or negative but the final level is at or above a downside threshold set at 90.00% of the initial level, investors receive back the $10 principal at maturity. If the final level falls below this threshold, repayment is reduced according to index losses beyond the 10.00% buffer, and investors can lose almost all of their investment.
The issue price is $10 per Security, including a $0.20 underwriting discount, with proceeds to UBS of $9.80 per Security. The estimated initial value is expected between $9.496 and $9.796, reflecting internal funding and structuring costs. The notes pay no interest, are not listed, may have limited or no secondary market, and all payments depend on the creditworthiness of UBS. The material includes extensive risk disclosures, liquidity, conflict-of-interest, and complex U.S. tax considerations, including potential treatment as prepaid derivatives and discussion of Section 871(m).
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to ServiceNow, Inc. common stock, each with a $1,000 principal amount and a contingent coupon rate of 20.25% per annum paid monthly if conditions are met. The notes run from a July 28, 2026 strike/trade date to a February 2, 2028 maturity, with observation dates monthly after three months.
If on any observation date the ServiceNow share price is at or above the call threshold level, set at 100.00% of the initial level, the notes are automatically called and pay back principal plus the applicable coupon. If not called and the final level is at or above the downside threshold of 50.00% of the initial level, principal is repaid at maturity; otherwise investors are exposed one-for-one to the underlying decline and can lose their entire investment. Contingent coupons are paid only when the underlying is at or above a 60.00% coupon barrier. The notes are unsecured obligations of UBS, carry significant credit and market risk, are not listed, and have an estimated initial value between $937.50 and $967.50 per $1,000 note due to embedded fees and hedging costs.
UBS AG is issuing Contingent Income Auto-Callable Securities with Memory Coupon linked to the common stock of CrowdStrike Holdings, Inc. Each security has a $1,000 stated principal amount, an issue price of $1,000, and is expected to mature on July 27, 2029, unless redeemed earlier.
On each quarterly determination date, investors receive a $49.375 contingent payment per $1,000 (equivalent to 19.75% per annum) if CrowdStrike’s closing price is at or above the downside threshold level, set at 50.00% of the initial price; missed coupons can be paid later under the memory coupon feature. If on any non-final determination date the closing price is at or above the call threshold level (100.00% of the initial price), the notes are automatically redeemed for principal plus the due and any unpaid contingent payments.
If the notes are not called and the final price is below the downside threshold, UBS will pay only the cash value, equal to the exchange ratio times the final price, exposing investors 1:1 to share-price declines and potentially a total loss of principal. Investors do not participate in any upside of the stock and forgo dividends. The notes are unsecured, unsubordinated obligations of UBS, with all payments subject to UBS’s credit risk. The estimated initial value is expected between $926.20 and $956.20 per $1,000, reflecting embedded fees and hedging costs.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the Solactive U.S. Large Cap Volatility Navigator 40 Index, maturing on or about August 4, 2031. Each Note has a $1,000 principal amount and pays a 19.50% per annum contingent coupon (monthly $16.25) only when the index is at or above the coupon barrier, set at 70% of the initial level.
The Notes may be automatically called after six months if the index is at or above 100% of the initial level on an observation date, returning principal plus the applicable coupon, with no further payments. If not called and the final index level is at or above the 50% downside threshold, investors receive principal back at maturity; if below, repayment is reduced one-for-one with the index decline, and all principal can be lost.
The Notes are unsubordinated, unsecured UBS debt, exposed to UBS credit risk, will not be listed, and may have limited or no secondary market. The estimated initial value per Note is $927.10–$957.10, below the $1,000 issue price, reflecting fees, hedging costs and UBS’ internal funding rate.
UBS AG is offering Trigger Autocallable Contingent Yield Notes, unsecured debt linked to the Solactive U.S. Large Cap Volatility Navigator 40 Index, maturing on or about July 24, 2031. Each Note has a $1,000 principal amount and pays a 16.00% per annum contingent coupon (about $13.3333 monthly) only when the index is at or above a coupon barrier on monthly observation dates.
The Notes may be automatically called after 6 months if the index is at or above the call threshold level, set at 100% of the initial level, returning principal plus the applicable coupon and ending further payments. If not called and, at maturity, the index is at or above the 50% downside threshold, investors receive full principal back; if below, repayment is reduced one-for-one with the index decline, and all principal can be lost.
The coupon barrier is 60% of the initial level. The underlying index is highly engineered, with a 40% target volatility, up to 500% leverage, and a 6.0% per annum daily decrement, all of which can materially drag performance. The estimated initial value is $927.50–$957.50 per $1,000 Note, below the issue price, reflecting fees and UBS’s internal funding rate. The Notes will not be listed, may have limited liquidity, and all payments are subject to UBS’s credit risk.
UBS AG London Branch is offering capped leveraged basket-linked medium-term notes with an aggregate face amount of $3,593,000. Each $1,000 note pays no interest and matures on August 18, 2028, with return tied to an unequally weighted basket of five equity indices: EURO STOXX 50 (40%), TOPIX (25%), FTSE 100 (17%), Swiss Market Index (11%) and S&P/ASX 200 (7%).
The initial basket level is 100. At maturity, investors receive $1,000 plus 300.00% of any positive basket return, capped at a maximum settlement amount of $1,421.50 per $1,000 note when the basket reaches 114.05% of its initial level. If the basket is flat, $1,000 is repaid. If the basket falls, repayment decreases one-for-one with the negative basket return, up to a complete loss of principal.
The notes’ estimated initial value is $995.90 per $1,000, reflecting internal pricing, hedging and issuance costs. The notes are unsecured obligations of UBS, not bank deposits and not FDIC-insured, with no listing and limited or no secondary liquidity expected. The disclosure highlights complex U.S. tax treatment, potential withholding under Section 871(m) and FATCA, and emphasizes suitability only for investors who understand leveraged, capped downside-risk products and can bear UBS credit risk.
UBS AG is issuing $1,184,000 of Trigger Autocallable Contingent Yield Notes linked to Micron Technology, Inc. common stock, maturing on July 5, 2029. Each Note has a $1,000 principal amount and offers a quarterly contingent coupon at a 37.60% per annum rate ($94 per quarter) when conditions are met.
Coupons are paid only if Micron’s closing price on an observation date is at or above the coupon barrier of $452.14 (50% of the $904.28 initial level). The Notes auto-call early if Micron is at or above $904.28 (100% of initial) on any quarterly observation date, returning principal plus the due coupon. If not called and Micron’s final level is at or above $452.14, principal is repaid; below that level, repayment is reduced one-for-one with Micron’s decline, and all principal can be lost. The Notes are unsecured, unsubordinated UBS obligations, not listed on an exchange, and their value and payments depend on UBS’s creditworthiness.
UBS AG is offering $1,655,000 of Trigger Autocallable Yield Notes linked to the common stock of ON Semiconductor Corporation. The Notes pay a fixed coupon of 15.40% per annum, in quarterly installments, as long as they remain outstanding.
The Notes may be automatically called quarterly, beginning about six months after issuance, if ON Semiconductor’s closing price is at or above the call threshold level of $92.54, which equals 100.00% of the initial level. If never called and the final stock price on July 16, 2029 is at or above the downside threshold of $46.27 (50.00% of the initial level), investors receive the $1,000 principal per Note at maturity; otherwise, repayment is reduced one-for-one with the stock’s decline, potentially to zero. The Notes are unsecured, unsubordinated obligations of UBS AG, have an estimated initial value of $969.70 per $1,000 Note, and are not listed on any exchange.
UBS AG is offering $1,500,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Amazon.com, Inc., maturing on January 20, 2028. Each unsubordinated, unsecured Note has a principal amount of $10 and is designed to pay periodic contingent coupons if Amazon’s closing price on a quarterly observation date is at or above a specified coupon barrier.
The Notes may be automatically called on any quarterly observation date, beginning after six months, if Amazon’s closing price is at or above the initial level; in that case, investors receive principal plus any due contingent coupon and no further payments. If not called and Amazon’s final level on the valuation date is at or above a downside threshold, principal is repaid at maturity; if it is below that threshold, repayment is reduced in line with the negative underlying return, and investors could lose all principal. Payments depend on the creditworthiness of UBS, the Notes will not be listed on an exchange, the minimum investment is 100 Notes ($1,000), and the estimated initial value is $9.80 per Note, reflecting internal pricing and fees.
UBS AG is offering $220,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Freeport-McMoRan Inc. The Notes are unsubordinated, unsecured debt of UBS and pay contingent coupons only when the underlying stock closes at or above a specified coupon barrier on observation dates.
The Notes are automatically called before maturity if the underlying closes at or above its initial level on any observation date, in which case investors receive the $10 principal per Note plus any due coupon and no further payments. If not called, and the final stock level is at or above a downside threshold, principal is repaid at maturity. If the final level is below that threshold, repayment is reduced one-for-one with the stock’s decline, and principal can be lost entirely. Any payment depends on UBS’s credit; a default could result in a total loss. The Notes are not listed, have a minimum investment of 100 Notes ($1,000), and an estimated initial value of $9.67 per $10 Note. The trade date is July 16, 2026 and maturity is July 20, 2029.
UBS AG is offering unsubordinated, unsecured Trigger Autocallable Contingent Yield Notes linked to the common stock of Amazon.com, Inc., with an issue price of $10 per Note and a minimum investment of 100 Notes (a $1,000 purchase).
The Notes may pay contingent coupons only if Amazon’s closing level on quarterly observation dates is at or above a defined coupon barrier; otherwise no coupon is paid. The Notes are automatically called if Amazon’s level on an observation date (starting after 6 months) is at or above the initial level, returning principal plus any due coupon and ending the investment. If not called, principal is repaid at maturity only if Amazon’s final level is at or above a downside threshold; below that, repayment is reduced in line with the stock’s decline and can fall to zero. Payments depend on UBS’s credit, the Notes are not insured or exchange-listed, and the estimated initial value is expected to be between $9.42 and $9.67 per $10 Note.
UBS AG is offering Trigger Autocallable Contingent Yield Notes, which are unsubordinated, unsecured debt obligations linked to the common stock of Freeport-McMoRan Inc., maturing on or about July 20, 2029. The notes are issued under an existing shelf registration.
Investors receive a contingent coupon only if the underlying stock closes at or above a coupon barrier on each observation date; otherwise no coupon is paid. The notes are automatically called early if the stock closes at or above the initial level on an observation date, paying principal plus any due coupon and ending further payments. If not called, principal is repaid at maturity only if the final stock level is at or above a downside threshold; below that level, repayment is reduced in line with the stock’s decline and can fall to zero. Any payment depends on the creditworthiness of UBS. The notes are not exchange-listed, require a minimum investment of 100 Notes at $10 each, and have an estimated initial value between $9.32 and $9.57 per $10 Note.
UBS AG is offering $304,000 of unsubordinated, unsecured Trigger Autocallable Contingent Yield Notes linked to the common stock of Palantir Technologies Inc., due July 20, 2029. Each $10 Note may pay contingent coupons only when the Palantir share price is at or above a specified coupon barrier on an observation date.
If on any observation date before the final valuation date the stock closes at or above the initial level, the Notes are automatically called and repay principal plus the applicable coupon, with no further payments. If never called, principal is repaid at maturity only when the final stock level is at or above a downside threshold; otherwise the cash payment per Note declines in line with the stock’s negative return and can fall to zero, resulting in loss of all principal. All payments, including any contingent coupons and principal, depend on UBS’s credit. The Notes will not be listed, the minimum investment is 100 Notes ($1,000), and the estimated initial value is $9.71 per $10 Note.
UBS AG is offering $320,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of NVIDIA Corporation, each with a $10 principal amount, trading on July 16, 2026 and maturing on July 20, 2028. Investors receive contingent coupons only if the underlying stock closes at or above a specified coupon barrier on observation dates, and the Notes are automatically called early if the stock closes at or above the initial level on any observation date before final valuation.
If the Notes are not called and the final stock level is at or above a downside threshold, principal is repaid at maturity; if it is below that threshold, repayment is reduced in line with the stock’s decline and can fall to zero. The Notes are unsubordinated, unsecured obligations of UBS, are not bank deposits or FDIC insured, will not be listed on an exchange, and all payments depend on UBS’s creditworthiness. The estimated initial value is $9.80 per $10 Note, with a minimum investment of 100 Notes ($1,000).
UBS AG is offering unsubordinated, unsecured Trigger Autocallable Contingent Yield Notes linked to the common stock of Palantir Technologies Inc. The Notes are expected to trade on July 16, 2026 and mature on or about July 20, 2029. Each Note has a $10 principal amount, with a minimum investment of 100 Notes ($1,000). Investors receive contingent coupons only if the Palantir share price on an observation date is at or above a specified coupon barrier; otherwise no coupon is paid for that period.
The Notes may be automatically called before maturity if Palantir’s share price on an observation date is at or above the initial level, in which case investors receive principal plus any due coupon and the Notes terminate. If not called and the final level is at or above a downside threshold, principal is repaid; if it is below that threshold, repayment is reduced in line with the negative underlying return and can fall to zero. All payments depend on UBS’s creditworthiness, the Notes are not FDIC insured, will not be listed on any exchange, and the estimated initial value per Note is expected to be between $9.35 and $9.60, below the $10 issue price.
UBS AG is issuing $300,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Oracle Corporation. These unsecured debt securities pay a contingent coupon on scheduled dates only when Oracle’s closing share price on the related observation date is at or above a preset coupon barrier.
The Notes are automatically called before maturity if Oracle’s share price is at or above the initial level on an observation date, in which case investors receive the principal amount plus any due contingent coupon and no further payments. If the Notes are not called, principal is repaid at maturity only if the final Oracle share price is at or above a downside threshold; otherwise repayment is reduced one-for-one with Oracle’s decline and can fall to zero. All payments depend on UBS’s credit, the Notes will not be listed, the minimum investment is $1,000, and the estimated initial value is $9.78 per $10 Note based on UBS’s internal pricing models. The trade date is July 16, 2026 and maturity is July 20, 2027, subject to possible adjustment for market disruption events.
UBS AG is offering unsecured Trigger Autocallable Contingent Yield Notes linked to the common stock of NVIDIA Corporation, maturing on or about July 20, 2028, in minimum denominations of 100 Notes at $10 per Note.
The Notes pay a contingent coupon on each observation date only if NVIDIA’s closing level is at or above a coupon barrier; otherwise no coupon is paid. The Notes are automatically called if the underlying closes at or above its initial level on any observation date before maturity, returning principal plus the applicable coupon. If not called and the final level is below a downside threshold, investors receive less than principal, proportional to the share decline, and could lose their entire investment. Any payment depends on the creditworthiness of UBS, the Notes are not listed on any exchange, and the estimated initial value is between $9.44 and $9.69 per $10 Note.
UBS AG is offering $100,000 of Trigger Autocallable Contingent Yield Notes linked to Boston Scientific common stock, maturing on July 20, 2028. The notes pay a 13.75% per annum contingent coupon (about $0.3438 per $10 note quarterly) only when the stock closes at or above a coupon barrier of $60.00, equal to 60.00% of the initial level.
The notes can be automatically called on quarterly observation dates starting about six months after issuance if the stock closes at or above the initial level, returning the $10 principal per note plus the applicable coupon, with no further payments. If not called, and on the final valuation date the stock is at or above the $60.00 downside threshold, investors receive principal back plus any final coupon. If the final level is below the downside threshold, repayment is reduced in line with the stock’s percentage decline, potentially to zero.
The minimum investment is 100 Notes ($1,000). The estimated initial value is $9.70 per $10 note, based on UBS’s internal pricing models and funding rate. The notes are unsecured, unsubordinated obligations of UBS, are not listed on any exchange, and are exposed both to market risk in Boston Scientific shares and to UBS’s credit risk.
UBS AG plans to issue unsecured Trigger Autocallable Contingent Yield Notes linked to the common stock of Oracle Corporation, maturing on or about July 20, 2027. Each Note has a principal amount of $10 and the minimum investment is 100 Notes (a $1,000 purchase).
Investors may receive periodic contingent coupons only if Oracle’s closing price on each observation date, including the final valuation date, is at or above a coupon barrier set for the Notes. The Notes will be automatically called before maturity if Oracle closes at or above the initial level on any observation date, in which case investors receive principal plus any due coupon and the product terminates.
If the Notes are not called and Oracle’s final level is at or above a downside threshold, investors receive principal at maturity. If the final level is below that threshold, repayment is reduced in proportion to Oracle’s decline, and the entire investment can be lost. All payments depend on UBS’s creditworthiness, the Notes will not be listed on an exchange, and a preliminary estimated initial value of $9.46–$9.71 per Note is lower than the $10 issue price.
UBS AG is offering $315,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Generac Holdings Inc., maturing July 20, 2029. The Notes pay a contingent coupon only when the stock’s closing level on an observation date is at or above a preset coupon barrier; otherwise no coupon is paid.
The Notes auto-call early if Generac’s share price on any observation date before maturity is at or above the initial level, returning the $10 principal per Note plus the applicable coupon, after which no further payments occur. If not called and the final stock level is at or above the downside threshold (60% of the initial level), principal is repaid at maturity, with any final coupon.
If the final level is below the downside threshold, repayment is reduced one-for-one with the stock’s percentage decline, and investors can lose all principal. All payments depend on UBS’s credit; a default could result in a total loss. The Notes are not exchange-listed, require a minimum $1,000 investment, and have an estimated initial value of $9.35 per $10 Note.
UBS AG plans to issue unsecured, unsubordinated Trigger Autocallable Contingent Yield Notes linked to the common stock of Boston Scientific Corporation, maturing on or about July 20, 2028. The notes pay quarterly contingent coupons only when the stock closes at or above a coupon barrier on the relevant observation date.
The notes are automatically called if the stock closes at or above its initial level on any quarterly observation date after six months, in which case investors receive principal plus the applicable contingent coupon and no further payments. If not called, and at maturity the stock is at or above a downside threshold, investors receive only principal; if below, repayment is reduced one-for-one with the stock’s decline and can fall to zero. Any payment depends on UBS’s credit, the notes are not FDIC-insured or exchange-listed, the minimum investment is 100 notes at $10 each, and the estimated initial value is expected between $9.40 and $9.65 per note.
UBS AG is offering $475,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of NVIDIA Corporation, maturing on July 20, 2029. These unsubordinated, unsecured debt obligations pay a contingent coupon only if NVIDIA’s closing level on each quarterly observation date is at or above a preset coupon barrier.
The notes are subject to an automatic call each quarter, beginning after six months, if NVIDIA’s closing level is at or above the initial level; in that case, holders receive principal plus the applicable contingent coupon and the notes terminate. If not called, and NVIDIA is at or above the downside threshold on the final valuation date, investors receive only principal. If NVIDIA ends below the downside threshold, repayment is reduced one-for-one with the stock’s decline, and holders can lose their entire investment.
The notes are subject to the credit risk of UBS; a UBS default could result in loss of all payments regardless of NVIDIA’s performance. They will not be listed on any exchange, may have limited secondary liquidity, require a minimum investment of 100 notes at $10 each, and have an estimated initial value of $9.87 per $10 note.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Dow Inc., with an aggregate principal amount of $145,000. The notes are unsubordinated, unsecured debt obligations, issued in $10 denominations, with a minimum investment of 100 notes ($1,000).
Investors receive contingent periodic coupons only when the Dow Inc. share price on an observation date is at or above a defined coupon barrier; otherwise no coupon is paid. The notes are automatically called early if the share price is at or above the initial level on any observation date before the final valuation date, in which case investors receive the $10 principal per note plus any due coupon, and the notes terminate.
If not called, the notes mature on July 20, 2029. At maturity, principal is repaid in full only if the final Dow Inc. level is at or above a downside threshold; below that threshold, repayment is reduced in line with the share price decline and can fall to zero, so all principal can be lost. All payments depend on UBS’s credit, and the estimated initial value is $9.55 per $10 note. The notes will not be listed on any securities exchange, so secondary-market liquidity may be limited.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Generac Holdings Inc., maturing on or about July 20, 2029. These are unsubordinated, unsecured debt obligations of UBS with a $10 principal amount per Note, sold in a minimum investment of 100 Notes ($1,000).
On each observation date, a contingent coupon is paid only if the Generac share price is at or above the coupon barrier; otherwise no coupon is paid. The Notes are automatically called early if the share price is at or above the initial level on any observation date before the final valuation date, returning principal plus the applicable coupon with no further payments. If not called, and at maturity the final level is at or above the downside threshold, principal is repaid; if it is below the downside threshold, repayment is reduced in proportion to the share’s decline and can fall to zero. Any payment is subject to UBS’s creditworthiness. The Notes are not bank deposits, are not FDIC insured, will not be listed on an exchange, and the estimated initial value is expected to be between $9.00 and $9.25 per $10 Note.
UBS AG is offering $500,000 of Trigger Autocallable Contingent Yield Notes linked to Amazon.com, Inc. common stock, unsecured unsubordinated debt obligations maturing on January 20, 2028. Payments depend on Amazon’s share performance and the creditworthiness of UBS.
Monthly contingent coupons are paid only if Amazon’s closing level on an observation date is at or above a coupon barrier; otherwise no coupon is paid. Starting after six months, if Amazon is at or above the initial level on any observation date before the final valuation date, the notes are automatically called and return principal plus that period’s coupon, with no further payments.
If not called and Amazon’s final level is at or above a downside threshold, principal is repaid at maturity (with a coupon if the barrier is met). If the final level is below the downside threshold, the payoff equals $10 × (1 + the underlying return), exposing investors to the full share-price decline and potentially a total loss. The notes are not listed, require a minimum investment of 100 notes at $10 each, and have an estimated initial value of $9.79 per note.