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

UBS AG is offering Contingent Income Auto-Callable Securities linked to the common stock of Bank of America Corporation, with an expected term to maturity of approximately 36 months and determination dates beginning in June 8, 2026.

The securities pay a contingent payment of $26.875 (equivalent to 10.75% per annum of the stated principal amount) on any determination date when the closing price of the underlying equity is at or above the downside threshold equal to 70.00% of the initial price. If the underlying equity is at or above the call threshold (equal to 100.00% of the initial price) on a non-final determination date, the securities are auto‑called and redeemed early for the stated principal plus the contingent payment. If not called and the final price is below the downside threshold, UBS will deliver a cash value calculated via the exchange ratio, exposing investors to a potential loss of a significant portion or all of their investment.

The offering describes UBS AG Trigger Autocallable Contingent Yield Notes linked to the common stock of Micron Technology, Inc. Trade date is February 25, 2026, settlement February 27, 2026, final valuation date February 23, 2029 and maturity February 27, 2029. The Notes pay contingent coupons only if the underlying closes at or above the coupon barrier on observation dates and may be automatically called quarterly after six months if the underlying equals or exceeds the initial level. Principal repayment at maturity is contingent on the final level relative to the downside threshold and is subject to UBS credit risk. The Notes are sold in minimum increments of 100 Notes at $10 per Note; the estimated initial value on the trade date is $9.71.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Micron Technology common stock with a trade date of February 25, 2026 and expected settlement on February 27, 2026. The notes mature on February 27, 2029 and pay contingent quarterly coupons only if observation-date closing levels meet the coupon barrier; they auto‑call early if the underlying equals or exceeds the initial level on any quarterly observation date.

The notes have a minimum investment of 100 notes at $10 per note, an estimated initial value range of $9.34 to $9.59, a sample contingent coupon rate of 22.40% per annum, and a hypothetical downside threshold and coupon barrier equal to $50.00 (50% of the initial level). Payments, including any principal repayment at maturity, are subject to UBS credit risk and holders may lose a significant portion or all principal if final levels fall below the downside threshold.

The issuer UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of NVIDIA Corporation due February 28, 2028. The Notes pay periodic contingent coupons only if the underlying closes at or above a coupon barrier on observation dates; they are autocallable early if the underlying closes at or above the initial level on any observation date, in which case holders receive principal plus any contingent coupon on the related coupon payment date and the Notes terminate.

If not called, principal repayment at maturity is contingent: if the final level is at or above the downside threshold the principal is returned; if below, repayment equals $10 × (1 + underlying return), which can produce a substantial principal loss (including loss of all principal). Trade and settlement dates are February 25, 2026 and February 27, 2026; final valuation and maturity dates are February 24, 2028 and February 28, 2028. Minimum investment is 100 Notes ($1,000) and the estimated initial value is $9.79 per Note.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Constellation Energy Corporation common stock due February 28, 2028. The Notes pay a contingent coupon only if the underlying's closing level on an observation date meets or exceeds the coupon barrier; otherwise no coupon is paid.

The Notes are subject to an automatic call if the underlying's closing level on any observation date prior to the final valuation date is equal to or greater than the initial level; a call pays principal plus any contingent coupon on the related call settlement date. If not called and the final level is below the downside threshold, repayment at maturity will be reduced proportionally to the underlying return, potentially resulting in substantial or total loss of principal. Key disclosed terms: principal amount $10 per Note, minimum investment 100 Notes ($1,000), estimated initial value $9.70, illustrative contingent coupon rate 18.14% per annum, downside threshold and coupon barrier both shown as $65.00 (65% of the initial level).

UBS AG offers Trigger Autocallable Contingent Yield Notes linked to the common stock of NVIDIA Corporation with a trade date of February 25, 2026, expected settlement on February 27, 2026 and maturity on February 28, 2028. The Notes pay periodic contingent coupons only if the underlying's closing level meets or exceeds a coupon barrier on observation dates and are automatically called early if the underlying meets or exceeds the initial level on any pre-final observation date.

Each Note has a stated principal amount of $10. If not called and the final level is below the downside threshold, redemption at maturity is reduced pro rata: cash paid equals $10 x (1 + underlying return), which can result in a substantial loss, including a complete loss of principal. Example terms show a contingent coupon rate of 18.46% per annum ($0.4615 per $10 Note per period) and a downside threshold of $75.00 (75.00% of the initial level).

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Constellation Energy Corporation due on or about February 28, 2028. The notes pay contingent coupons only if the underlying closing level meets a coupon barrier on observation dates and may be automatically called early 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 a downside threshold; if below, repayment is reduced proportionally to the underlying return and you could lose all of your investment. Trade date is February 25, 2026, settlement date is February 27, 2026, final valuation date is February 24, 2028, and maturity is February 28, 2028. The notes are unsecured obligations of UBS and any payments depend on UBS’s creditworthiness; estimated initial value is stated as between $9.40 and $9.65 per $10 note.

UBS AG issues Trigger Autocallable Contingent Yield Notes linked to Micron Technology common stock, maturing February 28, 2028. The Notes pay periodic contingent coupons only if the underlying closing level meets a coupon barrier on observation dates and may be automatically called early if the underlying equals or exceeds the initial level on any observation date.

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, repayment is reduced proportionally to the underlying return, potentially resulting in a full loss. Payments are subject to UBS credit risk.

UBS AG offers $500,000 Trigger Autocallable Contingent Yield Notes linked to the common stock of Amazon.com, Inc., maturing on March 1, 2027. The Notes pay a contingent coupon only if the underlying closes at or above the coupon barrier on observation dates and can be automatically called early if the underlying closes at or above the initial level on an observation date.

If not called, repayment at maturity depends on the final level versus a downside threshold of $75.00 (75.00% of the initial level): if the final level is at or above the threshold, you receive the principal; if below, you receive an amount equal to $10 x (1 + Underlying Return) and could lose a significant portion or all of your investment. The offering has a minimum purchase of 100 Notes ($1,000) and an estimated initial value of $9.86 per Note, with trade date February 25, 2026 and expected settlement February 27, 2026.

UBS AG offers Trigger Autocallable Contingent Yield Notes linked to the common stock of Micron Technology, Inc. The preliminary pricing supplement dated February 25, 2026 sets a trade date of February 25, 2026, expected settlement February 27, 2026, final valuation date February 24, 2028 and maturity February 28, 2028.

The Notes pay periodic contingent coupons only if the underlying closing level on an observation date is at or above the coupon barrier; they autocall early if the underlying closes at or above the initial level on any observation date, paying principal plus any contingent coupon. If not called and the final level is below the downside threshold, principal repayment is reduced proportionally to the underlying return, potentially resulting in a total loss. Minimum investment is 100 Notes at $10 per Note ($1,000). The estimated initial value range is $9.42 to $9.67 per Note. Example hypothetical terms include a contingent coupon rate of 24.08% per annum and a downside threshold equal to $50.00 (50% of the initial level).

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Oracle Corporation stock due February 27, 2029. The notes pay a contingent coupon on each coupon payment date only if the underlying closing level on the observation date is at or above the coupon barrier and are subject to an automatic call on any quarterly observation date (beginning after six months) if the closing level is at or above the initial level. If not called, principal repayment at maturity is contingent: full principal is paid only if the final level is at or above the downside threshold; if below, repayment equals $10 x (1 + underlying return), which can result in substantial loss, including loss of all principal. Trade date is February 25, 2026, settlement February 27, 2026, final valuation date February 23, 2029, and maturity February 27, 2029. Minimum investment is 100 Notes ($1,000); estimated initial value per Note is $9.74. Example terms show a hypothetical contingent coupon rate of 22.48% per annum and a downside threshold equal to $60.00 (60% of initial level).

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Amazon.com, Inc. due on or about March 1, 2027. The trade date is February 25, 2026 with expected settlement on February 27, 2026 and a final valuation date of February 25, 2027.

The Notes may pay periodic contingent coupons only when the underlying closing level meets or exceeds a coupon barrier on observation dates and will be automatically called early if the underlying closes at or above the initial level on any observation date. If not called, principal repayment at maturity is contingent: if the final level is at or above a disclosed downside threshold, UBS will repay the principal amount of $10 per Note; if below, repayment may be less, and investors can suffer losses up to the full principal amount. Any payment is subject to the creditworthiness of UBS.

The Notes are offered in minimum increments of 100 Notes ($1,000). The preliminary estimated initial value range is $9.53 to $9.78 per Note as of the trade date. The document highlights material risks, limited secondary market liquidity, and that terms will be finalized on the trade date.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Oracle Corporation, with a trade date of February 25, 2026, expected settlement on February 27, 2026 and maturity on or about February 27, 2029.

The Notes have a $10 principal amount per Note and a minimum purchase of 100 Notes ($1,000). Payments depend on observation‑date levels of the underlying: periodic contingent coupons are payable only if the underlying is at or above the coupon barrier; the Notes are automatically called if the underlying closes at or above the initial level on any quarterly observation date (beginning after six months). If not called, principal repayment at maturity is contingent: full principal is paid only if the final level is at or above the downside threshold (example: $10 paid if final level ≥ downside threshold of $60.00, which is 60.00% of the initial level); otherwise repayment declines in line with the underlying return and could result in a substantial or total loss of principal (example shows a payoff of $3.60 per Note in a severe decline).

The preliminary pricing supplement discloses an estimated initial value range of $9.37 to $9.62 per Note and an illustrative contingent coupon rate of 20.77% per annum (contingent coupon example $0.5193 per Note). All payments are subject to UBS AG's creditworthiness and the final terms will be set on the trade date.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to MercadoLibre, Inc. stock maturing on March 1, 2027. The Notes pay periodic contingent coupons only if the underlying’s closing level on observation dates meets the coupon barrier; they autocall early if the underlying equals or exceeds the initial level on any prior observation date. If not autocalled, principal is repaid at maturity only if the final level is at or above the downside threshold; if below, repayment is reduced by the percentage decline in the underlying and investors could lose all principal. Trade and settlement dates are February 25, 2026 and February 27, 2026, with final valuation on February 25, 2027. Minimum purchase is 100 Notes at $10 per Note; the estimated initial value is $9.70. Coupon examples show a hypothetical contingent coupon rate of 20.75% per annum (contingent coupon of $0.5188 per $10 Note) and illustrative downside scenarios in the supplement.

UBS AG offers Airbag Autocallable Yield Notes linked to Micron Technology, Inc. common stock maturing on March 1, 2027. The Notes pay a coupon on each coupon payment date unless automatically called after an observation date when the underlying closing level is at or above the initial level. If automatically called, UBS pays principal plus the coupon on the related coupon payment date and no further payments occur. If not called, and the final level at the final valuation date is at least the downside threshold, UBS pays principal plus coupon at maturity. If the final level is below the downside threshold, repayment at maturity is contingent and may be less than principal; investors lose about 1.4286% of principal for each 1% decline of the underlying beyond the threshold, potentially losing the entire investment. Payments are subject to UBS creditworthiness. Trade date is February 25, 2026, settlement February 27, 2026, final valuation date February 25, 2027, maturity March 1, 2027. Minimum investment is 100 Notes at $10 per Note.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Palantir Technologies Inc. due March 1, 2027. The offering references a $335,000 issuance size and each Note has a $10 principal amount with a minimum purchase of 100 Notes ($1,000).

The Notes pay periodic contingent coupons only if the underlying closing level meets or exceeds a coupon barrier on observation dates (quarterly, beginning after six months). The Notes are automatically called early if the underlying closes at or above the initial level on any observation date; if called, holders receive principal plus any contingent coupon due. At maturity, if not called, principal repayment is contingent: full principal is paid only if the final level is at or above the disclosed downside threshold; otherwise repayment equals $10 x (1 + underlying return), potentially resulting in substantial principal loss.

Key mechanics: trade date February 25, 2026, settlement February 27, 2026, final valuation date February 25, 2027, maturity March 1, 2027. The estimated initial value on the trade date is $9.75. The prospectus includes a hypothetical contingent coupon rate of 21.58% per annum (contingent coupon $0.5395 per $10 Note) and example downside outcomes (e.g., $3.60 per Note final payoff in a severe decline). All payments are subject to UBS credit risk.

UBS AG issues preliminary pricing supplement for Trigger Autocallable Contingent Yield Notes linked to the common stock of MercadoLibre, Inc. The notes have a term of approximately one year with a trade date of February 25, 2026, final valuation date on February 25, 2027, and maturity on March 1, 2027.

The notes pay periodic contingent coupons only if the underlying stock closes at or above the coupon barrier on observation dates; an automatic call occurs if the underlying closes at or above the initial level on an observation date, producing a cash payment of principal plus any contingent coupon. If not called and the final level is below the downside threshold, repayment at maturity may be less than principal and could result in a complete loss of the initial investment. Example terms show a $10 principal, a hypothetical contingent coupon rate of 15.24% per annum, and an estimated initial value range of $9.38 to $9.63.

UBS AG proposes an offering of Airbag Autocallable Yield Notes linked to the common stock of Micron Technology, Inc. The preliminary pricing supplement dated February 25, 2026 sets expected trade and settlement dates of February 25, 2026 and February 27, 2026, with a final valuation date of February 25, 2027 and expected maturity on March 1, 2027.

The Notes pay a quarterly coupon regardless of underlying performance unless automatically called. They auto‑call if the underlying's closing level on any observation date is at or above the initial level; in that case UBS will pay principal plus the coupon on the related coupon payment 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 investors face leveraged downside exposure, losing approximately 1.4286% of principal for each 1% decline of the underlying beyond the threshold, and could lose the entire investment. Any payment is subject to the creditworthiness of UBS. The document is preliminary and the Notes may not be sold until the Offering Documents are delivered in final form.

UBS AG offers Trigger Autocallable Contingent Yield Notes linked to the common stock of Palantir Technologies Inc., due on or about March 1, 2027. The trade date is February 25, 2026 with expected settlement on February 27, 2026 and final valuation on February 25, 2027.

The Notes are denominated at a $10 principal amount per Note with a minimum purchase of 100 Notes. UBS will pay contingent coupons only when the underlying closes at or above a coupon barrier on observation dates; an automatic call occurs if the underlying closes at or above the initial level on any quarterly observation date beginning after six months. If not called, principal repayment at maturity is contingent: full principal if the final level is at or above a downside threshold (stated as 60.00% of the initial level in examples), otherwise principal is reduced proportionally to the underlying return, and investors could lose all principal. All payments are subject to the creditworthiness of UBS.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Freeport-McMoRan Inc. The Notes pay a contingent coupon only if the underlying closing level on an observation date meets the coupon barrier and may be automatically called early if the underlying closes at or above the initial level on any observation date.

The Notes mature on February 28, 2028 with a final valuation date of February 24, 2028. Principal is contingent at maturity: if the final level is below the downside threshold, repayment will be reduced proportionally to the underlying return. Principal amount per Note is $10; example contingent coupon rate shown is 15.01% per annum with an example contingent coupon of $0.3753. Estimated initial value as of the trade date is $9.71. Minimum investment: 100 Notes ($1,000).

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Freeport-McMoRan Inc., due on or about February 28, 2028. The trade date is February 25, 2026 with expected settlement on February 27, 2026. The Notes pay a contingent coupon on each coupon payment date only if the underlying closing level on the applicable observation date is at or above the coupon barrier; otherwise no coupon is paid. The Notes will be automatically called early if the underlying closing level on an observation date prior to the final valuation date is at or above the initial level, in which case holders receive principal plus any contingent coupon due on the call settlement date. If not called, repayment at maturity depends on the final level relative to the downside threshold; principal may be fully repaid or reduced, producing a loss equal to the underlying return. Example terms show a principal amount of $10, a hypothetical contingent coupon rate of 14.47% per annum, and a downside threshold of $60.00 (60.00% of the initial level). The estimated initial value range at pricing is $9.41 to $9.66. Minimum investment is 100 Notes ($1,000). All payments are subject to the creditworthiness of UBS AG.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Palantir Technologies Inc., maturing on February 28, 2028.

The Notes pay periodic contingent coupons only if the underlying stock closes at or above a coupon barrier on observation dates (quarterly after six months). The Notes are autocallable: an observation date at or above the initial level triggers early redemption at principal plus any contingent coupon. If not called, principal is repaid at maturity only if the final level is at or above the disclosed downside threshold; if below, principal is reduced proportionally to the underlying return and you could lose substantially or all of your investment. Payments depend on UBS creditworthiness. Trade date is February 25, 2026; settlement February 27, 2026; final valuation date February 24, 2028. Minimum investment: 100 Notes at $10 per Note. Estimated initial value per Note: $9.85.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Palantir Technologies Inc. The trade date is February 25, 2026, expected settlement February 27, 2026, final valuation date February 24, 2028 and maturity February 28, 2028.

The Notes pay contingent coupons only when the underlying closing level is at or above a coupon barrier on observation dates, and the Notes are automatically called if the underlying closes at or above the initial level on any quarterly observation date beginning after six months. At maturity, if not called, principal protection is contingent: full principal is returned only if the final level is at or above a downside threshold (stated as 61.00% of the initial level in examples); if the final level is below that threshold, repayment equals $10 x (1 + underlying return), which can result in a substantial or total loss.

Terms shown: minimum investment 100 Notes at $10 per Note, estimated initial value range $9.48 to $9.73 (UBS internal models). A hypothetical contingent coupon rate shown is 22.18% per annum (contingent coupon $0.5545 per Note per period) and an illustrative downside outcome shows a maturity payment of $3.66 per Note in one scenario.

UBS AG offers Trigger Autocallable Contingent Yield Notes linked to Palantir Technologies Inc. The Notes pay a contingent coupon only if the closing level of Palantir meets or exceeds the coupon barrier on each observation date; otherwise no coupon is paid. The Notes may be automatically called early if the closing level on any observation date prior to the final valuation date equals or exceeds the initial level, in which case UBS pays principal plus any contingent coupon on the related coupon payment date and no further payments are owed. If not called, at maturity UBS will repay the principal amount only if the final level is at or above the downside threshold; if the final level is below that threshold, repayment will be reduced pro rata and investors may lose a significant portion or all of their investment. Key terms shown: trade date February 25, 2026, settlement date February 27, 2026, final valuation date February 24, 2028, maturity date February 28, 2028, principal per Note $10, estimated initial value $9.70, minimum investment 100 Notes ($1,000), example contingent coupon rate 17.81% per annum, downside threshold and coupon barrier $50.00 (50.00% of the initial level). Payments, including principal, are subject to the creditworthiness of UBS.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Microsoft Corporation due February 27, 2029. The Notes pay contingent coupons only if the underlying closing level meets a coupon barrier on observation dates. The issuer will automatically call the Notes on any quarterly observation date (beginning after 6 months) if the underlying closing level is equal to or greater than the initial level; upon an automatic call UBS will pay principal plus any contingent coupon due on the related coupon payment date. If not called, principal is protected at maturity only if the final level is equal to or greater than the downside threshold (example: $10 principal, downside threshold 75% of the initial level). If the final level is below that threshold, repayment is reduced pro rata to the underlying return and you may lose a significant portion or all of your investment. Notes are unsecured obligations of UBS and any payment is subject to UBS's creditworthiness. Trade date and settlement: February 25, 2026 and February 27, 2026. Minimum investment: 100 Notes ($1,000); the estimated initial value on the trade date is $9.75 per Note.

UBS AG offers Trigger Autocallable Contingent Yield Notes linked to the common stock of Palantir Technologies Inc. The notes trade on February 25, 2026 with expected settlement on February 27, 2026, a final valuation date of February 24, 2028, and maturity on February 28, 2028.

The offering has a minimum investment of 100 notes at $10 per note. The preliminary materials show an estimated initial value range of $9.40 to $9.65. A sample contingent coupon shown is 16.99% per annum (example coupon $0.8495 per $10 note). If not called and the final level is below the downside threshold ($50.00, 50.00% of the initial level in the example), principal repayment is contingent and losses may equal the underlying percentage decline.

UBS AG offers Trigger Autocallable Contingent Yield Notes linked to Microsoft Corporation stock due on or about February 27, 2029. The Notes pay a periodic contingent coupon only if the underlying stock closes at or above a coupon barrier on each observation date and will be automatically called early if the stock closes at or above the initial level on any quarterly observation date beginning after six months. At maturity, if not called, principal is repaid only if the final level is at or above a $10-linked downside threshold set at 75.00% of the initial level; if below, investors suffer a loss equal to the underlying return and could lose their entire investment. Trade date is February 25, 2026, settlement February 27, 2026 and final valuation date February 23, 2029. The estimated initial value per Note on the trade date is between $9.38 and $9.63. The Notes are unsecured obligations of UBS and repayment is subject to UBS’s creditworthiness.

UBS AG is offering $12,000,000 of Buffered Contingent Income Auto-Callable Securities due February 26, 2027 linked to the common stock of Freeport-McMoRan Inc. Each security has a stated principal amount of $1,000.00.

Holders may receive a contingent payment of $13.7334 (approximately 16.48% per annum) on specified contingent payment dates if the closing price of FCX is at or above the downside threshold of $45.04 (70.00% of the initial price). If FCX meets the call threshold of $64.34 (100.00% of the initial price) on a determination date (other than the final date), the securities will auto-redeem early for principal plus the contingent payment. If not called and the final price is below the downside threshold, investors receive a cash value equal to the exchange ratio multiplied by the final price and are exposed to declines on an approximately 1.4286% basis; principal can be partially or wholly lost. Payments depend on UBS AG’s creditworthiness. The estimated initial value at pricing was $991.30.

UBS AG offers $5,000,000 of Trigger Callable Contingent Yield Notes linked to the least performing of three ETFs. Each Note has a $1,000 principal amount, a contingent coupon rate of 17.20% per annum, is callable by UBS beginning after three months, and matures on January 25, 2030. The Notes pay contingent coupons only if each underlying ETF meets its coupon barrier on observation dates; otherwise coupons are not paid and principal at maturity can be reduced based on the worst-performing ETF. The estimated initial value on the trade date was $978.50.

UBS AG is offering $5,000,000 of Trigger Callable Contingent Yield Notes linked to the least performing of three ETFs: IGV, XLRE and XLY. Each Note has a $1,000 principal, a contingent coupon of 16.75% per annum (paid only if all coupon barriers are met on an observation date) and is callable by UBS beginning after three months.

The strike date is February 20, 2026, settlement expected February 27, 2026, final valuation date January 22, 2030 and maturity January 25, 2030. Coupon barriers equal 75% of initial levels and downside thresholds equal 70% of initial levels; if the least performing underlying is below its downside threshold at maturity you may suffer a loss up to the full principal. The estimated initial value per Note was $977.40 and the issue price is $1,000.

UBS AG offers $1,398,000 of Trigger Callable Contingent Yield Notes due February 27, 2031. The Notes pay a contingent coupon of 9.05% per annum when, on each observation date, the closing level of the Nasdaq-100® Technology Sector, Russell 2000® and S&P 500® are each at or above their coupon barriers. UBS may call the Notes in whole on monthly observation dates beginning after six months.

If not called, principal repayment at maturity depends on the least performing underlying asset relative to its downside threshold (70% of the initial level). The issue price is $1,000 per Note, the estimated initial value is $936.60 per Note, and total proceeds to UBS are $1,359,555.00. Payments are subject to UBS credit risk and market disruption provisions.

UBS AG is offering Trigger Autocallable Contingent Yield Notes with Memory Interest linked to the common stock of Advanced Micro Devices, Inc. The Notes have a $1,000 principal amount per Note, a stated contingent coupon rate of 15.50% per annum, an expected trade date of March 13, 2026, and a maturity date of March 16, 2029. The Notes are callable beginning after six months if the closing level of AMD is at or above the call threshold (set at 100.00% of the initial level); if not called, principal repayment at maturity is contingent on the final level being at or above the downside threshold (set at 50.00% of the initial level), otherwise holders receive a share delivery amount equal to $1,000 divided by the initial level. UBS states the estimated initial value range as $935.20 to $965.20 and an issue price of $1,000.00 per Note. All payments are subject to UBS creditworthiness and the Notes will not be listed on an exchange.

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 the S&P 500® Index. The notes pay a contingent coupon of 9.25% per annum when each underlying is at or above its coupon barrier on an observation date. The notes are issuer-callable in whole (but not in part) on monthly observation dates beginning after three months. If not called, principal repayment at maturity (per Note: $1,000) is contingent: if any underlying is below its downside threshold at final valuation, repayment is reduced proportionally to the negative return of the least performing underlying asset. Trade date is March 6, 2026, expected settlement March 11, 2026, final valuation March 6, 2029, maturity March 9, 2029. The estimated initial value range is $938.90–$968.90, issue price $1,000, underwriting discount $24 per Note.

UBS AG is offering $1,122,000 of Trigger Callable Contingent Yield Notes linked to the least performing of the Russell 2000® Index, the EURO STOXX 50® Index and shares of the State Street® Utilities Select Sector SPDR® ETF, maturing March 1, 2029.

The Notes pay periodic contingent coupons (the Russell 2000® tranche shows a 10.30% per annum contingent coupon rate) only if each underlying asset meets its coupon barrier on observation dates; UBS may elect an issuer call beginning after six months. The estimated initial value per Note is $987.10 and the issue price is $1,000 per Note.

UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the Russell 2000® Index, the S&P 500® Index and shares of the State Street® Utilities Select Sector SPDR® ETF. The Notes have a principal amount of $1,000 per Note, a contingent coupon rate of 11.05% per annum, a trade date of March 5, 2026, expected settlement on March 10, 2026, and an expected maturity of March 8, 2029. The Notes pay fixed contingent coupons only if, on each monthly observation date (including the final valuation date), the closing level of each underlying asset is at or above its coupon barrier; otherwise no coupon is paid for that period. UBS may call the Notes in whole (but not in part) on any observation date beginning after approximately three months; if called, holders receive principal plus any contingent coupon then due. If not called and any underlying asset finishes below its downside threshold, the cash payment at maturity will reflect the negative return of the least performing underlying asset, which could result in a substantial loss or a total loss of principal. The estimated initial value range is $959.00 to $989.00 per Note, exclusive of underwriting and issuance costs.

UBS AG is offering Bearish Barrier Early Redeemable Market Linked Notes linked to the S&P 500® Index due on or about June 17, 2027.

Each Note has a principal amount of $1,000, an observation period from after the trade date to the final valuation date, a lower barrier equal to the initial level minus 20.00%, and a capped digital return of 2.35% if the final level is equal to or greater than the initial level. Trade date is March 13, 2026 and expected settlement is March 18, 2026. If the underlying closes below the lower barrier on any trading day during the observation period, the Notes will be redeemed early at par and you will not receive a positive return; otherwise payoff at maturity is principal plus either the digital return or the absolute value of the underlying return (capped at 20.00%).

The estimated initial value range on the trade date is $951.80 to $981.80. All payments are subject to the creditworthiness of UBS, and the issue price includes an underwriting discount of $5.00 per Note.

UBS AG offers $2,700,000 in Trigger Callable Contingent Yield Notes linked to the least performing of KRE, XBI and XLF, due February 28, 2030. The Notes pay a contingent coupon of 18.70% per annum on each coupon payment date only if each underlying ETF’s closing level is at or above its coupon barrier on the related observation date. The Notes are issuer-callable beginning after three months; if called UBS will pay principal plus any contingent coupon then due. At maturity, if any underlying ETF’s final level is below its downside threshold, principal repayment will be reduced pro rata to the negative return of the least performing underlying asset, and investors could lose a significant portion or all of their investment. Trade date is February 24, 2026, issue price per Note is $1,000, aggregate offering $2,700,000, and the estimated initial value per Note is $972.40.

UBS AG is offering $340,000 of Buffer Autocallable Contingent Yield Notes linked to the least performing of the State Street® SPDR® S&P® Regional Banking ETF (KRE) and the S&P 500® Index, maturing February 27, 2031.

The Notes pay a fixed contingent coupon of 8.50% per annum when both underlyings meet coupon barriers on monthly observation dates, are callable monthly beginning one year after issuance, and provide a 15.00% downside buffer. Principal is repaid at maturity only if the final levels of both underlyings are at or above their downside thresholds; otherwise repayment is reduced in proportion to the least performing underlying after applying the buffer. All payments are subject to the creditworthiness of UBS. The estimated initial value per Note as of the trade date is $937.20 and the issue price per Note is $1,000.

UBS AG is offering $533,000 of Buffer Autocallable Contingent Yield Notes linked to the least performing of the VanEck® Gold Miners ETF (GDX) and the State Street® Energy Select Sector SPDR® ETF (XLE) due February 29, 2028. The notes pay a contingent coupon of 13.30% per annum (contingent coupon = $11.0833 per monthly coupon) if both underlyings meet monthly coupon barriers, carry a 20.00% buffer, have call thresholds at 100.00% of initial levels, downside thresholds at 80.00% of initial levels, an issue price of $1,000 per note and an estimated initial value of $946.40 on the trade date.

The notes are unsecured obligations of UBS and repayment (including principal protection beyond the buffer) is subject to UBS’s creditworthiness; if not auto-called, a final payment may be reduced based on the least performing underlying’s return in excess of the 20.00% buffer. Secondary market liquidity is limited and the issue price exceeds the estimated initial value.

UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of three underlyings (KRE, NDXT and XLU) with a principal amount of $1,000 per Note. The Notes pay a contingent coupon of 11.00% per annum when each underlying equals or exceeds its coupon barrier on an observation date. Trade date is March 6, 2026, settlement March 11, 2026, final valuation September 6, 2028 and maturity September 11, 2028. UBS may call the Notes in whole on monthly observation dates beginning after three months; if called you receive principal plus any contingent coupon due on the call settlement date. If not called, repayment at maturity is contingent: full principal is returned only if each underlying is at or above its downside threshold (55.00% of initial level); otherwise repayment is reduced pro rata by the negative return of the least performing underlying, potentially resulting in total loss. The issue price is $1,000.00 per Note; estimated initial value is stated as $953.00 to $983.00. Payments are subject to UBS credit risk.

UBS AG offers $480,000 of Capped Buffer Contingent Absolute Return Securities linked to the least performing of the Dow Jones Industrial Average® and the S&P 500® Index, with maturity on August 27, 2027.

The securities have a $1,000 principal per Security, a maximum upside gain of 11.00%, a contingent absolute return capped at 15.00%, and a downside buffer of 15.00%. Key dates: trade date February 24, 2026, settlement February 27, 2026, final valuation date August 24, 2027.

At maturity payments depend on the least performing underlying return: positive returns pay principal plus the lesser of that return or the maximum upside; zero/negative returns at-or-above the downside thresholds pay the absolute value (contingent absolute return) up to 15.00%; returns below the downside thresholds result in principal loss beyond the buffer, potentially losing almost all principal. Payments are unsecured obligations of UBS and subject to UBS credit risk.

UBS AG is offering $210,000 of Trigger Callable Contingent Yield Notes linked to the least performing of the Nasdaq-100, Russell 2000 and S&P 500 due March 1, 2029. The notes have a 8.70% per annum contingent coupon (contingent on each underlying meeting 75% coupon barriers on observation dates), a principal amount of $1,000 per note and an estimated initial value of $936.60 as of the trade date. UBS may call the notes in whole on monthly observation dates beginning after six months; if not called, final repayment at maturity equals $1,000 only if each underlying is at or above its 70% downside threshold, otherwise holders bear the negative return of the least performing underlying and could lose a significant portion or all of their investment. All payments are subject to the credit risk of UBS.

UBS AG is offering capped, leveraged, buffered S&P 500® index‑linked medium‑term notes with a term expected to be between 27 and 30 months, subject to completion. The notes have an upside participation rate of 160.00%, a buffer of 15.00% (buffer level 85.00%), and a cap level expected between 113.95% and 116.41% of the initial underlier level. The maximum settlement amount is expected to be between $1,223.20 and $1,262.56 per $1,000 face amount. If the final underlier level falls below the buffer, holders incur leveraged downside (~1.1765% loss per 1% below the buffer) and could lose their entire investment. The estimated initial value at the trade date is expected to be between $967.50 and $997.50 per $1,000 face amount; the issue price will exceed that estimate. Payments are unsecured obligations of UBS, exposing investors to issuer credit risk.

UBS AG is offering Capped Buffer Contingent Absolute Return Securities linked to the least performing of the Dow Jones Industrial Average® and the S&P 500® Index. Each Security has a principal amount of $1,000 and a term of approximately 18 months. Trade date is February 24, 2026, settlement on February 27, 2026, final valuation on August 24, 2027 and maturity on August 27, 2027. The Securities provide upside participation capped at a 16.00% Maximum Upside Gain and a contingent absolute return capped at 15.00% if the least performing underlying asset finishes at or above its downside threshold (each downside threshold equals 85.00% of its initial level, implying a 15.00% buffer). If the least performing underlying asset finishes below its downside threshold, principal is reduced by the excess loss and investors could lose almost all of their investment. The estimated initial value per Security is $981.30 and the issue price is $1,000. All payments are subject to UBS credit risk and the Securities are not listed on any exchange.

UBS AG is offering Buffer Callable Contingent Yield Notes linked to the least performing of the Russell 2000® Index and the S&P 500® Index. The offering aggregates $303,000 in notes at an issue price $1,000 per Note (estimated initial value $945.80). Each Note has a principal amount $1,000, a contingent coupon rate of 7.35% per annum payable only if both indices meet coupon barriers on observation dates, a 15.00% buffer and downside thresholds equal to 85.00% of initial levels. The Notes are callable by UBS in whole (not in part) beginning after six months; if called UBS will pay principal plus any contingent coupon then due. If not called, maturity is November 29, 2028 with final valuation on November 24, 2028. If the least performing underlying asset’s loss at final valuation exceeds the buffer, repayment at maturity is reduced by that excess, and investors could lose most or all principal. Payments depend on UBS’s creditworthiness.

UBS AG offers $1,585,000 in 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 due January 27, 2028.

The Notes pay a contingent coupon of 9.15% per annum (contingent coupon $7.625 per note) on any coupon date only if each underlying asset is at or above its coupon barrier on the related observation date. Each Note has a $1,000 principal amount, an estimated initial value of $949.70 and an issue price of $1,000.00. Observation dates are monthly (callable by UBS after ~3 months); final valuation date is January 24, 2028.

Principal repayment at maturity is contingent: if the final level of any underlying asset is below its downside threshold (each set at 70.00% of its initial level), repayment will be reduced pro rata by the negative return of the least performing underlying asset, and you could lose a significant portion or all of your investment. Payments are unsecured obligations of UBS and subject to UBS credit and any resolution actions by FINMA.

UBS AG is offering Bearish Barrier Early Redeemable Market Linked Notes linked to the S&P 500® Index due on or about June 17, 2027. The Notes have a trade date of March 13, 2026 and expected settlement on March 18, 2026.

If the index falls below a lower barrier (the initial level minus 20.00%) on any trading day during the observation period, the Notes will be redeemed early and holders will receive the principal amount only. If no barrier event occurs and the final level is at or above the initial level, holders receive principal plus a fixed 3.15% digital return. If no barrier event occurs and the final level is below the initial level, holders receive principal plus the absolute value of the index decline, capped at 20.00%. All payments are subject to UBS credit risk. The estimated initial value range is $956.60 to $986.60 versus an issue price of $1,000.00.

UBS AG offers Step Down Trigger Autocallable Notes linked to the least performing of the Russell 2000® Index and the S&P 500® Index. The notes have a principal amount of $1,000 per Note, a call return rate of 10.50% per annum, a trade date of March 13, 2026, expected settlement on March 18, 2026, a final valuation date of March 13, 2030, and a maturity date of March 18, 2030.

The notes are automatically called if on any observation date the closing level of each underlying asset is at or above its call threshold; call prices rise with time (examples: $1,105.00 at first call, $1,420.00 at maturity). If not called, repayment at maturity is $1,000 × (1 + underlying return of the least performing underlying asset), which can result in a substantial loss or complete loss of principal. Payments are subject to UBS credit risk and limited secondary market liquidity.

UBS AG is offering Capped Buffer Securities linked to the S&P 500® Index due on or about September 16, 2027. Each Security has a $1,000 principal amount, a 10.00% buffer, and a 15.00% maximum gain (maximum payment at maturity per Security $1,150.00).

The final terms will be set on the trade date (March 13, 2026) with expected settlement on March 18, 2026, final valuation on September 13, 2027, and maturity on September 16, 2027. The Securities pay no interest, provide upside participation capped at the maximum gain, and expose holders to downside losses beyond the buffer; all payments are subject to UBS credit risk.