ETRACS Alerian MLP Index ETN Series B due July 18, 2042 424B Filings

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Micron Technology common stock due March 6, 2028. The Notes pay contingent coupons only if the underlying closes at or above a coupon barrier on observation dates and may be automatically called if the underlying equals or exceeds the initial level on an observation date. If not called, principal repayment at maturity is contingent: full principal is returned only if the final level is at or above the downside threshold; otherwise repayment falls in direct proportion to the underlying return and you could lose all of your investment. Payments depend on UBS creditworthiness. Trade date is March 2, 2026; settlement March 4, 2026; final valuation March 2, 2028.

UBS AG is offering $4,245,000 principal of Trigger Autocallable Contingent Yield Notes linked to the common stock of Vistra Corp. The Notes have a $10 principal amount per Note, trade date March 2, 2026, expected settlement March 4, 2026, final valuation date March 1, 2029 and maturity March 5, 2029. The Notes pay contingent coupons only if the underlying closing level on an observation date meets or exceeds the coupon barrier, are subject to automatic quarterly calls beginning about six months after the trade date if the underlying equals or exceeds the initial level, and repay principal at maturity only if the final level is at or above the downside threshold. The estimated initial value per Note is $9.75 and minimum purchase is 100 Notes.

The Notes are UBS AG Trigger Autocallable Contingent Yield Notes linked to the common stock of First Solar, Inc. due March 6, 2028. They pay contingent coupons only if the underlying closing level on an observation date meets the coupon barrier; otherwise no coupon is paid. The Notes will be automatically called on a quarterly observation date (beginning after six months) if the underlying closing level is equal to or greater than the initial level, in which case holders receive principal plus any contingent coupon on the call settlement date. If not called, principal is protected at maturity only if the final level is equal to or greater than the downside threshold; if the final level is below that threshold, repayment declines in proportion to the underlying return and investors can lose a significant portion or all principal. Trade date was March 2, 2026, settlement March 4, 2026, final valuation date March 2, 2028 and maturity March 6, 2028. Minimum investment is 100 Notes ($1,000). The estimated initial value was $9.75 per Note. All payments are subject to UBS credit risk.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Micron Technology, Inc. common stock due March 5, 2029. The Notes pay a contingent coupon only if the underlying closing level on an observation date meets or exceeds the coupon barrier and may be automatically called on quarterly observation dates beginning after six months.

The Notes repay principal at maturity only if the final level is at or above a 50.00% downside threshold; if below, repayment equals $10 × (1 + underlying return), exposing holders to the underlying stock’s percentage decline and potential loss of the entire investment. Trade date is March 2, 2026, settlement March 4, 2026. Minimum purchase is 100 Notes at $10 per Note. The estimated initial value is $9.72. All payments are subject to UBS credit risk.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Micron Technology, Inc. The preliminary pricing supplement sets a trade date of March 2, 2026, expected settlement on March 4, 2026, a final valuation date of March 2, 2028 and a maturity of March 6, 2028.

The Notes pay periodic contingent coupons only if the underlying stock closes at or above a coupon barrier on observation dates, may be automatically called early if the underlying closes at or above the initial level on an observation date, and repay principal at maturity only if the final level is at or above a disclosed downside threshold. The preliminary example shows a $10 principal per Note, a hypothetical contingent coupon rate of 23.95% per annum and an estimated initial value range of $9.43 to $9.68 per Note.

This is a complex, non‑principal‑protected product; payments (including principal) are subject to UBS credit risk and investors may lose a significant portion or all of their investment.

UBS AG priced a preliminary offering of Trigger Autocallable Contingent Yield Notes linked to the common stock of Vistra Corp. The trade date is March 2, 2026, settlement is March 4, 2026, final valuation date is March 1, 2029 and maturity is March 5, 2029.

The Notes pay contingent coupons only when the underlying closing level meets or exceeds a coupon barrier on observation dates and are subject to automatic early call if the underlying meets or exceeds the initial level on quarterly observation dates beginning after six months. If not called, principal repayment at maturity is contingent on the final level relative to a downside threshold; a final level below that threshold can produce a loss up to the full principal. The Notes have a $10 principal amount per Note, a $1,000 minimum investment (100 Notes) and an estimated initial value range of $9.36 to $9.61 per Note as of the trade date.

UBS AG proposes a primary offering of Trigger Autocallable Contingent Yield Notes linked to the common stock of Micron Technology, Inc., due on or about March 5, 2029. The trade date is March 2, 2026 with settlement expected on March 4, 2026. The Notes pay periodic contingent coupons only if the underlying closes at or above a coupon barrier on observation dates, and are autocallable quarterly if the underlying closes at or above the initial level. At maturity, if not called, principal is repaid in cash only if the final level is at or above a downside threshold; otherwise repayment declines with the underlying return and could result in total loss of principal. Minimum investment is 100 Notes at $10 per Note. The estimated initial value range is $9.34 to $9.59 per Note. The preliminary terms cite an illustrative contingent coupon rate of 22.22% per annum and a hypothetical downside threshold and coupon barrier at $50.00 (50% of the initial level). All payments remain subject to the creditworthiness of UBS.

UBS AG is offering preliminary terms for Trigger Autocallable Contingent Yield Notes linked to the common stock of First Solar, Inc., with an expected maturity on March 6, 2028. Under the structure, contingent coupons are paid on coupon payment dates only if the closing level of the underlying is at or above a coupon barrier on the applicable observation date; otherwise no coupon is paid. The Notes are subject to automatic early redemption (quarterly observation dates beginning after six months) if the underlying closes at or above the initial level on any observation date, in which case holders receive principal plus any contingent coupon then due.

If not called, repayment at maturity depends on the final level relative to a downside threshold; if the final level is below that threshold, repayment may be reduced proportionally and holders could lose a significant portion or all of principal. Example terms show a $10 principal amount per Note, a sample downside threshold and coupon barrier at $50.00 (50% of a hypothetical initial level), a hypothetical contingent coupon rate of 14.75% per annum, and hypothetical outcomes including a $3.00 payoff example. Trade date and settlement are shown as March 2, 2026 and March 4, 2026. Minimum purchase is 100 Notes at $10 per Note; estimated initial value range is $9.41 to $9.66 as of the trade date. Final terms will be set on the trade date and are subject to delivery of final offering documents and UBS credit risk.

UBS AG is offering $2,525,000 of Trigger Autocallable Notes linked to the least performing of the Nasdaq-100 Index® and the S&P 500® Index, due March 2, 2029. The notes pay no interest and may be automatically called on quarterly observation dates if both indices meet their call threshold levels, delivering a cash call price (principal plus a pre-specified call return).

If the notes are not called, repayment at maturity is contingent: if each index’s final level is at or above its 70.00% downside threshold, holders receive the $1,000 principal; if the least performing index is below its downside threshold, the maturity payment equals $1,000 × (1 + underlying return of the least performing underlying asset), which may result in a substantial loss or total loss of principal. The cover shows an annual call return rate of 9.05% per annum, initial levels of NDX 24,960.04 and SPX 6,878.88, call thresholds at 100.00% and downside thresholds at 70.00% of initial levels. The issue price is $1,000 per note, estimated initial value $967.20, and proceeds to UBS AG are shown as $2,461,875. All payments depend on UBS creditworthiness; the notes are unsecured, unsubordinated, and will not be listed.

UBS AG is offering Trigger Autocallable Notes with Contingent Accreting Return linked to the Solactive U.S. Large Cap Volatility Navigator Index, with total issue size of $275,000 and a per‑note principal of $1,000. The Notes mature on March 4, 2031, are callable monthly beginning after 12 months, and pay contingent accreting returns at a 14.00% per annum rate when the index meets an accretion barrier. Principal repayment at maturity is contingent on the final index level versus a downside threshold, and all payments are subject to UBS credit risk.

UBS AG offers Buffer Autocallable Notes linked to the least performing of the Dow Jones Industrial Average and the Russell 2000, maturing on March 31, 2031. The Notes have a principal amount of $1,000 per Note, a call return rate of 7.55% per annum, and a buffer of 15.00%.

The trade date is March 26, 2026 with expected settlement on March 31, 2026. UBS will automatically call the Notes if both underlyings meet their call threshold on any observation date; if not called, principal repayment at maturity depends on the least performing underlying exceeding its downside threshold. The estimated initial value range is $928.40 to $958.40 per Note and the underwriting discount is $32.50 (proceeds to UBS $967.50 per Note).

UBS AG is offering Trigger Callable Contingent Yield Notes due on or about March 15, 2028. The Notes are linked to the least performing of the Dow Jones Industrial Average®, Russell 2000® Index and the Nasdaq-100® Technology Sector and pay a contingent coupon only if each underlying meets its coupon barrier on a coupon observation date.

The preliminary contingent coupon rate shown for the Dow is 11.05% per annum. The Notes are callable by UBS in whole on call dates and, if not called, principal repayment at maturity is contingent on the final levels relative to downside thresholds (including a 60.00% downside threshold and 70.00% coupon barriers as listed). The issue price per Note is $1,000.00, the underwriting discount is $7.00 per Note and proceeds to UBS are $993.00 per Note. The estimated initial value range is $958.50 to $988.50 as of the trade date.

UBS AG is offering Trigger Callable Contingent Yield Notes totaling $11,878,000 linked to the least performing of the Dow Jones Industrial Average®, the Nasdaq-100® Technology Sector and the Russell 2000® Index. The Notes pay a contingent coupon at a stated rate of 14.00% per annum (subject to the coupon barrier tests) and are callable by UBS on monthly observation dates beginning after three months. Trade date is February 27, 2026, settlement date is March 4, 2026, final valuation date is February 27, 2029, and maturity is March 2, 2029. Issue price is $1,000 per Note, the estimated initial value was $995.00 per Note, and proceeds to UBS are shown as $11,818,610.00. At maturity you may receive less than principal if the least performing underlying asset is below its 70.00% downside threshold; payments are subject to UBS credit risk.

UBS AG is offering Phoenix Autocallable Buffer Notes with Memory Interest linked to the common stock of The Boeing Company. The offering totals $2,671,000 with a principal amount of $1,000 per Note. Each Note pays a contingent payment of $40.40 on qualifying observation dates and is automatically callable if Boeing's closing price meets or exceeds the initial price. The downside threshold and interest barrier are $193.40 (85.00% of the initial price); if the final price is below that threshold at maturity, holders may receive a cash equivalent worth less than principal. Key dates include trade date February 27, 2026, valuation date March 12, 2027, and maturity March 17, 2027. The estimated initial value per Note was $986.40 as of the trade date.

UBS AG is offering $573,000 of Trigger Autocallable Contingent Yield Notes with Memory Interest linked to the common stock of CrowdStrike Holdings, Inc.

The Notes pay a 15.10% per annum contingent coupon if observation-date closing levels meet the coupon barrier of $185.99, are automatically called if the closing level meets the call threshold of $371.98, and mature on March 2, 2028. If not called and the final level is below the downside threshold of $185.99, holders receive approximately 2.6883 shares per $1,000 Note (or cash for fractional shares), which could be worth significantly less than principal. The estimated initial value per Note is $979.10 and the issue price is $1,000.00.

UBS AG is offering $3,275,000 of Autocallable Notes linked to the Russell 2000® Index due March 2, 2029. The Notes pay a stated call return rate of 11.75% per annum, have an initial level and call threshold of 2,632.361, and may be automatically called on annual observation dates.

If automatically called, investors receive the principal plus the applicable call return (call prices: $1,117.50, $1,235.00, or $1,352.50 per $1,000 Note depending on call date). If not called, maturity payoff equals $1,000 × (1 + underlying return), exposing holders to full downside, including possible loss of the entire principal. The issue price per Note is $1,000 and the estimated initial value on the trade date is $972.90.

UBS AG is offering Capped GEARS securities linked to the Russell 2000® Index with a term of approximately 14 months. Each Security has a principal amount of $1,000, an upside gearing of 3.00% and a maximum gain of 23.90%, giving a maximum payment at maturity of $1,239.00.

The initial level was observed on the Strike Date: February 27, 2026, the trade and settlement are expected in early March 2026, the final valuation date is April 27, 2027, and the stated Maturity Date is April 30, 2027. If the underlying return is positive, payment equals principal plus the lesser of (underlying return × upside gearing) and the maximum gain; if negative, investors suffer the underlying return and may lose some or all principal. The estimated initial value on the trade date is between $959.00 and $989.00; issue price is $1,000.00 with underwriting compensation of $2.50 per Security.

UBS AG is offering $3,271,000 of Autocallable Notes linked to the S&P 500® Index due March 2, 2029. The Notes are unsubordinated, unsecured debt obligations with an issue price of $1,000 per Note and an estimated initial value of $973.80 per Note.

The Notes feature an automatic call on annual observation dates if the S&P 500 closing level is at or above the call threshold (100.00% of the initial level of 6,878.88). The call return rate is 9.15% per annum; call prices range from $1,091.50 to $1,274.50 depending on the call date. If not called, repayment at maturity equals $1,000 × (1 + Underlying Return), exposing holders to full downside of the index and potential loss of all principal. All payments are subject to the creditworthiness of UBS.

UBS AG is offering Trigger Autocallable Contingent Yield Notes with Memory Interest linked to the least performing of KRE, SMH and XBI. The offering totals $1,004,000 with a $1,000 principal per Note and an approximate 5-year term, callable monthly beginning after 12 months. The contingent coupon rate is 11.70% per annum (contingent coupon $9.75 per Note per coupon payment), with coupon barriers at 70% of initial levels, downside thresholds at 60%, and call thresholds at 100% of initial levels. If not called, repayment at maturity depends on the least performing underlying asset and may result in a loss of principal equal to that asset's decline; in extreme cases you could lose your entire investment. The estimated initial value is $946.30 and the issue price is $1,000.00 per Note.

UBS AG offers $364,000 of Trigger Callable Contingent Yield Notes linked to the least performing of the Nasdaq-100, Russell 2000 and S&P 500 with a trade date of February 27, 2026 and maturity of March 2, 2029.

The Notes pay a fixed contingent coupon of 11.20% per annum when, on each observation date, the closing level of every underlying asset is at or above its coupon barrier; otherwise no coupon is paid. The Notes are issuer-callable monthly (beginning after three months). At maturity, if every underlying final level is at or above its downside threshold you receive $1,000 per Note; if any underlying final level is below its downside threshold your payment equals $1,000 × (1 + underlying return of the least performing underlying asset), which can materially reduce or eliminate principal. The estimated initial value per Note is $986.50. All payments are subject to UBS credit risk and limited secondary-market liquidity.

UBS AG is offering Trigger Callable Contingent Yield Notes due March 2, 2029 linked to the least performing of the Nasdaq-100, Russell 2000 and S&P 500. The offering totals $375,000 at an issue price of $1,000 per Note and a stated contingent coupon rate of 10.05% per annum (contingent coupon $8.375 per period). Coupons are paid only if each underlying index is at or above its coupon barrier on an observation date. UBS may call the Notes in whole on monthly observation dates beginning after three months; if not called, repayment at maturity is contingent: full principal is repaid only if every index is at or above its downside threshold, otherwise repayment is reduced pro rata by the negative return of the least performing index. Payments remain subject to UBS credit risk and the Notes are not FDIC insured.

UBS AG is offering $970,000 principal amount of Trigger Callable Contingent Yield Notes linked to the least performing of the Nasdaq-100, Russell 2000 and S&P 500, due September 1, 2027. The notes pay a contingent coupon of 10.35% per annum if, on each monthly observation date, each underlying asset closes at or above its coupon barrier; otherwise no coupon is paid for that date.

The issuer may call the notes in whole (beginning after three months) on any observation date, paying principal plus any contingent coupon due on the call settlement date. If not called, repayment at maturity is contingent: if every final level is at or above its downside threshold (each set at 70% of initial levels), UBS returns the $1,000 principal; if any final level is below its downside threshold, maturity payment equals $1,000 times (1 + underlying return of the least performing underlying asset), potentially resulting in substantial or total loss of principal. Payments are subject to UBS credit risk and there may be limited secondary market liquidity.

UBS AG offers Trigger Callable Contingent Yield Notes linked to the S&P 500® Index due on or about March 9, 2029. Each Note has a principal amount of $1,000, a contingent coupon rate of 8.00% per annum and is callable by UBS on monthly observation dates beginning after six months.

The Notes repay principal at maturity only if the final index level is at or above a downside threshold equal to 69.00% of the initial level; if below, repayment equals $1,000×(1+Underlying Return) and could result in a substantial or total loss. Trade date is March 6, 2026 with expected settlement March 11, 2026. The estimated initial value range is $961.40 to $991.40, and the underwriting discount is $6.50 per Note.

UBS AG offers Trigger Callable Contingent Yield Notes linked to the least performing of the Nasdaq-100® Technology Sector (NDXT) and the S&P 500® Index (SPX), maturing March 2, 2029. The Notes pay a 10.30% per annum contingent coupon only if both underlyings meet coupon barriers on each observation date.

If UBS calls the Notes on an observation date (callable after six months), holders receive principal plus any contingent coupon then due. If not called and any final underlying level is below its 70.00% downside threshold, principal repayment is reduced pro rata to the negative return of the least performing underlying asset; extreme outcomes could result in full loss. Payments are unsecured and subject to UBS credit risk. The estimated initial value per Note was $984.90 and the issue price is $1,000 per Note; aggregate issue was $185,000. Trade date: February 27, 2026; settlement: March 4, 2026.

UBS AG is offering $1,126,000 of Buffer Callable Contingent Yield Notes linked to the least performing of the Russell 2000® Index and the S&P 500® Index, maturing November 30, 2028. The Notes pay a contingent coupon (stated 11.00% per annum applicable to the structure) only if the closing level of each underlying asset meets its coupon barrier on an observation date. The Notes are issuer-callable beginning after six months and offer a 15.00% buffer (downside thresholds at 85.00% of initial levels); if not called and the least performing underlying asset finishes below its downside threshold, holders can suffer losses (up to nearly the full principal). The estimated initial value on the trade date was $992.10 per Note; issue price was $1,000 per Note. All payments are subject to UBS credit risk.

UBS AG is offering Trigger Autocallable Contingent Yield Notes with Memory Interest linked to the common stock of Intel Corporation with an aggregate issue size of $5,445,000 and a principal amount of $1,000 per Note. The Notes mature on March 2, 2028 unless automatically called earlier.

The Notes pay a contingent coupon at a rate of 14.50% per annum if the closing level of Intel equals or exceeds the coupon barrier on each coupon observation date; unpaid coupons may be paid later under the memory feature. The initial level is $45.61, the call threshold is $45.61 (100.00% of initial), and the coupon barrier and downside threshold are each $22.81 (50.00% of initial). If not called and the final level is below the downside threshold, payment at maturity is physical delivery of approximately 21.9250 shares per Note (cash for any fractional share), which may be worth significantly less than principal. The estimated initial value per Note is $956.80 and the issue price is $1,000.00.

UBS AG is offering $1,597,000 of Trigger Callable Contingent Yield Notes linked to the least performing of the Nasdaq-100® Technology Sector, the Russell 2000® and the S&P 500®. The notes have a principal amount of $1,000 per Note and a term of approximately 23 months (maturity February 1, 2028), with a trade date of February 27, 2026 and settlement expected on March 4, 2026.

The notes pay a fixed contingent coupon of 11.40% per annum (contingent coupon of $9.50 per note) on each coupon payment date only if the closing level of each underlying asset is at or above its coupon barrier on the related observation date. UBS may call the notes in whole on monthly observation dates beginning after three months; if called UBS pays principal plus any contingent coupon due. At maturity, if any underlying asset’s final level is below its downside threshold (each set at 70.00% of its initial level), principal repayment is reduced proportionally to the negative return of the least performing underlying asset, potentially resulting in a total loss. The estimated initial value per note was $984.70; issue price was $1,000.00.

UBS AG offers Trigger Callable Contingent Yield Notes linked to the least performing of KRE, XLE and XLK. The Notes have a principal amount of $1,000 per Note, a contingent coupon rate of 17.50% per annum, an expected trade date of March 5, 2026, settlement March 10, 2026, a final valuation date of September 5, 2030 and maturity on September 10, 2030. The estimated initial value range is $941.40 to $971.40 and the issue price is $1,000 per Note (underwriting discount $2.50, proceeds to UBS $997.50 per Note). The Notes pay contingent coupons only if each underlying is at or above its coupon barrier on an observation date, are callable by UBS beginning after three months, and repay principal at maturity only if each underlying is at or above its downside threshold; otherwise repayment declines with the least performing underlying asset.

UBS AG is offering $1,287,000 of Trigger Callable Contingent Yield Notes linked to the S&P 500® Index. The Notes pay a contingent coupon of 7.45% per annum when the index closing level on an observation date is at or above the coupon barrier. The initial level is 6,878.88 with both the coupon barrier and downside threshold set at 4,815.22 (70.00% of the initial level). The trade date is February 27, 2026, settlement March 4, 2026, final valuation date February 27, 2029, and maturity March 2, 2029. UBS may call the Notes on any observation date (except the final valuation date); if not called and the final level is below the downside threshold, principal is reduced pro rata to the index decline. The estimated initial value per Note is $976.80, and the issue price is $1,000 per Note. All payments are subject to UBS credit risk.

UBS AG is offering $4,089,000 of Trigger Autocallable Contingent Yield Notes with Memory Interest linked to the least performing of the Russell 2000® Index and the S&P 500® Index. The Notes pay a 9.10% per annum contingent coupon if both indices meet coupon barriers on observation dates, are subject to semiannual observation dates, may be automatically called, and mature March 2, 2029.

The notes repay principal at maturity only if both underlyings are at or above their 70.00% downside thresholds; otherwise holders bear the full downside of the least performing underlying and are exposed to UBS credit risk. The estimated initial value per Note is $990.70 and the issue price is $1,000.

UBS AG is offering $3,584,000 of Trigger Callable Contingent Yield Notes linked to the least performing of the Nasdaq-100, Russell 2000 and shares of the VanEck Semiconductor ETF (SMH). The Notes pay a contingent coupon of 10.90% per annum when each underlying is at or above its coupon barrier on an observation date; they are callable by UBS beginning after six months and mature on March 2, 2029.

The Notes have a principal amount of $1,000 per Note, an estimated initial value of $982.90 as of the trade date, and settlement is expected on March 4, 2026. At maturity you receive full principal only if all underlyings are at or above their downside thresholds (each set at 50% of its initial level); otherwise repayment is reduced pro rata to the loss of the least performing underlying. All payments are subject to UBS credit risk.

UBS AG London Branch is offering $3,748,000 of Digital S&P 500® Index-Linked Medium‑Term Notes due March 29, 2027. The notes pay no interest and return is linked to the S&P 500® Index performance from the trade date February 26, 2026 to the determination date March 25, 2027. If the final underlier level is ≥ the buffer level (6,217.974, which is 90.00% of the initial underlier level of 6,908.86) holders receive the maximum settlement amount of $1,084.10 per $1,000 face amount. If the final underlier level is below the buffer, losses apply: approximately 1.1111% of face for each 1% underlier decline below the buffer, potentially resulting in a total loss of principal. Issue price is 100.00% of face, underwriting discount 1.08%, and estimated initial value is $985.00 per $1,000 face amount as of the trade date.

UBS AG is offering Trigger Callable Contingent Yield Notes linked to the S&P 500® Index. The offering totals $47,000 at an issue price of $1,000 per Note, with a contingent coupon rate of 6.30% per annum, an initial level of 6,878.88, and a coupon barrier and downside threshold set at 4,815.22 (70.00% of the initial level). The Notes are approximately three‑year unsubordinated, unsecured obligations due March 2, 2029, callable by UBS on semiannual observation dates; contingent coupons are paid only if the closing level on an observation date is at or above the coupon barrier. At maturity, if the final level is below the downside threshold you may incur a principal loss equal to the percentage decline in the index; payments are subject to UBS credit risk.

UBS AG is offering $1,096,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of HP Inc. The Notes mature on August 31, 2027 and pay a contingent coupon at a 14.28% per annum rate if observation-date levels meet the coupon barrier.

The Notes have an Initial Level of $18.99, a Call Threshold of $18.99 (100% of Initial Level), and a Downside Threshold / Coupon Barrier of $11.39 (60% of Initial Level). If not called and the final level is below the downside threshold, holders receive approximately 52.6593 shares per Note (share delivery amount), which could be worth significantly less than principal. The estimated initial value per Note is $953.70 versus the issue price of $1,000.

UBS AG is offering $8,193,000 of Trigger Callable Contingent Yield Notes linked to the least performing of the Nasdaq-100® Technology Sector, the Russell 2000® Index and the S&P 500® Index. The Notes pay a contingent coupon of 12.85% per annum if each underlying asset meets its coupon barrier on an observation date.

The Notes have a principal amount of $1,000 per Note, trade date February 27, 2026, expected settlement March 4, 2026, final valuation date January 27, 2028 and maturity February 1, 2028. Each underlying asset has a downside threshold equal to 70.00% of its initial level; if any final level is below that threshold, the payment at maturity will be reduced pro rata to the negative return of the least performing underlying asset and you could lose a significant portion or all of your investment. The estimated initial value on the trade date was $988.30 per Note and the issue price is $1,000 per Note.

UBS AG is offering $3,104,000 of Trigger Autocallable Contingent Yield Notes with Memory Interest linked to the common stock of Micron Technology, Inc. The Notes are issued at $1,000 per Note with an estimated initial value of $954.80 and a contingent coupon rate of 20.37% per annum. The initial level is $412.37, the call threshold is $412.37 (100.00% of the initial level), and the downside threshold and coupon barrier are $206.19 (50.00% of the initial level). Observation dates are quarterly with a final valuation date of February 27, 2029 and maturity on March 2, 2029. Contingent coupons are paid only if the closing level on an observation date is equal to or above the coupon barrier; the Notes will be automatically called if the closing level on an observation date (prior to the final valuation date) is equal to or above the call threshold. If not called and the final level is below the downside threshold, payment at maturity is in shares (share delivery amount 2.4250 shares per Note), which may result in a significant loss of principal. All payments are subject to UBS credit risk.

UBS AG is offering Trigger Autocallable Contingent Yield Notes with Memory Interest linked to the least performing of the State Street SPDR S&P Regional Banking ETF (KRE), the VanEck Semiconductor ETF (SMH) and the State Street Energy Select Sector SPDR ETF (XLE).

Key terms: $1,000 principal per Note; term approximately 5 years; trade date March 5, 2026; settlement March 10, 2026; final valuation March 5, 2031; maturity March 10, 2031. Contingent coupon rate is 11.50% per annum with a monthly contingent coupon of $9.5833. Notes are callable monthly beginning after 12 months if each underlying is at or above its call threshold (100% of initial level). Coupon barriers are 70% of initial levels; downside thresholds are 60% of initial levels. Estimated initial value range is $905.90 to $935.90; issue price is $1,000.00 with underwriting discount up to $40.75 and minimum proceeds to UBS of at least $959.25. The Notes expose holders to market risk of the least performing underlying asset and to UBS credit risk; in adverse outcomes investors could lose a significant portion or all of their principal.

UBS AG offers $420,000 of Trigger Callable Contingent Yield Notes linked to the least performing common stock of Amazon.com, Inc. and Palantir Technologies Inc., due March 2, 2028. The Notes pay a contingent coupon at a 21.55% per annum rate if both underlyings meet coupon barriers on each observation date and are callable by UBS beginning after six months. Each Note has a principal amount of $1,000, initial levels of $210.00 (AMZN) and $137.19 (PLTR), and downside thresholds equal to 50.00% of each initial level. The estimated initial value per Note on the trade date is $977.00. The Notes expose holders to downside equal to the negative return of the least performing underlying at maturity if not called, and are unsecured obligations of UBS subject to UBS credit risk.

UBS AG is offering $1,525,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Amazon.com, Inc., due March 2, 2028. The Notes pay a contingent coupon of 10.30% per annum only if each observation-date closing level meets the coupon barrier. The Notes are automatically callable if Amazon’s closing level on any prior observation date is at or above the call threshold of $210.00 (100% of the initial level). At maturity, if not called and the final level is below the downside threshold of $126.00 (60% of the initial level), holders receive a share delivery amount of 4.7619 shares per Note (any fractional share paid in cash), which may be worth significantly less than principal. Issue price is $1,000 per Note; the estimated initial value is $978.20 per Note. All payments are subject to UBS credit risk.

The issuer, UBS AG, is offering Trigger Callable Contingent Yield Notes linked to the least performing of the Russell 2000® and the S&P 500®. The notes pay a contingent coupon of 10.40% per annum only if each underlying asset is at or above its coupon barrier on an observation date; otherwise no coupon is paid. The notes are callable by UBS in whole (but not in part) on monthly observation dates beginning after 3 months. If not called, principal repayment at maturity depends on whether the final level of each underlying asset is at or above its downside threshold (65.00% of initial levels); otherwise holders suffer a loss equal to the negative return of the least performing underlying asset. Key dates include a Strike Date of February 27, 2026, trade date March 2, 2026, and maturity on September 1, 2027. Any payment is subject to UBS creditworthiness.

UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the Nasdaq-100® Technology Sector, the Russell 2000® Index and shares of the VanEck® Semiconductor ETF. The offering totals $1,585,000 at an issue price of $1,000 per Note with a principal amount of $1,000 per Note.

The Notes carry a contingent coupon rate of 18.30% per annum (contingent coupons paid only if each underlying meets its coupon barrier on an observation date), are issuer-callable beginning after six months, and mature on August 30, 2030. The estimated initial value on the trade date was $990.80. All payments are subject to UBS creditworthiness and the Notes may result in a substantial or total loss of principal if the least performing underlying falls below its downside threshold.

UBS AG offers $3,814,000 of Trigger Autocallable Contingent Yield Notes linked to the least performing of the Nasdaq-100® Technology Sector and the S&P 500® Index. The Notes pay a 9.40% per annum contingent coupon when both underlying assets meet their coupon barriers on an observation date, are callable monthly after six months, and mature on March 2, 2029. Principal repayment at maturity is contingent: if both final levels are at or above their 60% downside thresholds UBS pays $1,000; otherwise payment equals $1,000 × (1 + underlying return of the least performing underlying asset), which can produce substantial losses or a complete loss of principal. The estimated initial value was $980.20 and the issue price was $1,000 per Note. All payments are subject to UBS creditworthiness.

UBS AG offers $1,050,000 in Trigger Autocallable Contingent Yield Notes linked to ServiceNow, Inc. stock due March 5, 2029. The Notes pay a contingent coupon only if the closing level of the underlying stock on an observation date is equal to or greater than the coupon barrier, and they are automatically called if the closing level on any observation date prior to the final valuation date is equal to or greater than the initial level. If not called, principal repayment at maturity is contingent: if the final level is at or above the downside threshold you receive the $10 principal per Note; if below the downside threshold you receive $10 x (1 + Underlying Return), which may result in substantial loss, up to a total loss. Trade date is February 27, 2026, settlement March 3, 2026, final valuation date March 1, 2029 and the minimum investment is 100 Notes at $10 per Note. The estimated initial value is $9.70 per Note; payments are subject to UBS creditworthiness.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Microsoft common stock due March 3, 2027. The Notes pay periodic contingent coupons only if the underlying closing level meets the coupon barrier on observation dates and may be automatically called early if the underlying meets or exceeds the initial level.

If not called, principal is repaid at maturity only if the final level is at or above the downside threshold; if below, repayment is reduced pro rata to the underlying return and you could lose a substantial portion or all of your investment. All payments are subject to UBS credit risk.

UBS AG is offering preliminary Trigger Autocallable Contingent Yield Notes linked to the common stock of ServiceNow, Inc. The Notes have a trade date of February 27, 2026, expected settlement date of March 3, 2026, a final valuation date of March 1, 2029, and an expected maturity date of March 5, 2029.

The Notes pay periodic contingent coupons only if the underlying stock closes at or above the coupon barrier on observation dates and are subject to an automatic early call if the underlying closes at or above the initial level on an observation date. If not called and the final level is below the downside threshold, principal repayment at maturity may be reduced, potentially resulting in loss of a substantial portion or all of the initial investment. The Notes are unsecured obligations of UBS and subject to UBS credit risk. The minimum investment is 100 Notes at $10 per Note and the estimated initial value on the trade date is expected to be between $9.32 and $9.57.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Microsoft Corporation common stock. The preliminary pricing supplement sets the Trade Date as February 27, 2026, Settlement Date as March 3, 2026, Final Valuation Date as March 1, 2027, and Maturity Date as March 3, 2027.

The Notes pay periodic contingent coupons only if the closing level of the underlying on an observation date is at or above the coupon barrier; they are autocallable if the underlying closes at or above the initial level on any prior observation date. Minimum investment is 100 Notes at $10 per Note. The estimated initial value range on the trade date is $9.48 to $9.73.

If not called, principal repayment at maturity is contingent: if the final level is below the downside threshold, investors suffer a loss equal to the underlying return; the supplement gives a 75.00% downside threshold example and a hypothetical contingent coupon rate of 10.08% per annum. All payments are subject to UBS credit risk.

UBS AG offers Trigger Autocallable Contingent Yield Notes linked to First Solar, Inc. common stock. The notes mature on March 5, 2029 with a final valuation date of March 1, 2029 and trade/settlement expected on February 27, 2026/March 3, 2026. UBS will pay periodic contingent coupons only if the underlying closes at or above the coupon barrier on observation dates; the notes auto-call early if the underlying closes at or above the initial level on any observation date. If not called, principal is repaid at maturity only if the final level is at or above the downside threshold; otherwise principal is reduced proportionally to the underlying return and you could lose all of your initial investment. All payments are "subject to the creditworthiness of UBS." The estimated initial value per $10 note is $9.74. Minimum purchase is 100 notes ($1,000).

UBS AG offers Trigger Autocallable Contingent Yield Notes linked to the common stock of First Solar, Inc., maturing on March 5, 2029. The notes pay periodic contingent coupons only if the underlying closing level meets the coupon barrier and may be automatically called early if the underlying equals or exceeds the initial level on an observation date.

The notes have a $10 principal amount per note, a minimum purchase of 100 notes (representing $1,000), and an estimated initial value range of $9.36 to $9.61 as of the trade date. Key risks include possible loss of principal at maturity if the final level is below the downside threshold and dependence on UBS creditworthiness.

UBS AG is offering $500,000 Airbag Autocallable Yield Notes linked to the common stock of NVIDIA Corporation due September 3, 2026. The Notes pay a coupon on each coupon payment date unless the Notes are automatically called. The Notes will be automatically called if the closing level of the underlying asset on any monthly observation date (beginning after three months) is equal to or greater than the initial level; in that case UBS will pay principal plus the coupon on the related coupon payment date and the Notes will terminate early.

If not called, at maturity UBS will repay principal only if the final level on the final valuation date is equal to or greater than the downside threshold. If the final level is below that threshold, holders face leveraged downside: you lose approximately 1.2821% of principal for each 1% decline beyond the threshold and could lose all of your investment. Payments are subject to UBS creditworthiness. Key dates: trade date February 27, 2026, settlement March 3, 2026, final valuation September 1, 2026, maturity September 3, 2026.