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

UBS AG published a preliminary pricing supplement for a primary offering of Capped GEARS linked to the common stock of Tesla, Inc. The Securities are unsubordinated, unsecured debt obligations with a $10 denomination and expected trade and settlement dates of July 2, 2026 and July 7, 2026, respectively.

The Securities mature on January 8, 2029 with a final valuation date of January 4, 2029. At maturity payments depend on the underlying return: positive returns receive the lesser of (underlying return × upside gearing) and the maximum gain; zero return returns principal; negative returns deliver pro rata losses to principal. The preliminary terms cite an illustrative upside gearing of 3.00 and an illustrative maximum gain of 104.16%. Minimum investment is 100 Securities ($1,000). The document warns that payments depend on UBS creditworthiness and that investors may lose some or all of their investment.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Broadcom Inc. The Notes pay contingent coupons only when the underlying closes at or above the coupon barrier on observation dates and may be automatically called early if the underlying closes at or above the initial level on any observation date prior to the final valuation date. If not called, principal is repaid at maturity only if the final level is at or above the downside threshold; if the final level is below that threshold, repayment at maturity will be reduced pro rata to the underlying return, and you could lose a significant portion or all of your principal. Trade date is July 2, 2026, settlement July 7, 2026, final valuation date July 5, 2028, and maturity July 7, 2028. Payments are subject to UBS creditworthiness. The Notes are offered in $10 increments with a minimum purchase of 100 Notes and an estimated initial value of $9.80 per Note.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Intel Corporation with a trade date of July 2, 2026, expected settlement on July 7, 2026, final valuation date July 5, 2028 and maturity on July 7, 2028. The Notes have a principal amount of $10 per Note and pay a periodic contingent coupon only if the underlying meets a coupon barrier on observation dates; they are autocallable 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 paid if the final level is at or above the downside threshold; otherwise repayment declines in proportion to the underlying return and could result in complete loss. The preliminary estimated initial value range is $9.40–$9.65 per Note and the example contingent coupon rate shown is 31.06% per annum ($0.7765 per $10 Note per coupon in the illustration). All payments are subject to UBS credit risk. Final terms will be set on the trade date and the offering is subject to the Offering Documents being delivered in final form.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Freeport-McMoRan Inc., maturing July 7, 2028. The Notes pay contingent coupons only if the underlying meets or exceeds the coupon barrier on observation dates and may be automatically called early if the underlying meets or exceeds the initial level on any prior 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; if the final level is below that threshold, repayment at maturity declines in proportion to the underlying return and could result in the loss of a significant portion or all of principal. Payments (coupons and principal) are subject to UBS credit risk. Trade and settlement dates are July 2, 2026 and July 7, 2026, with final valuation on July 5, 2028. The estimated initial value on the trade date is $9.71 per $10 Note and the Notes are offered in minimum blocks of 100 Notes.

UBS AG offers Trigger Autocallable Contingent Yield Notes linked to Broadcom Inc. The preliminary pricing supplement dated July 02, 2026 sets trade and settlement expectations with a trade date of July 2, 2026 and expected settlement on July 7, 2026. The Notes pay periodic contingent coupons only if the underlying's closing level meets or exceeds a coupon barrier on observation dates and may be automatically called early if the underlying meets or exceeds the initial level on an observation date. If not called, principal is repaid at maturity only if the final level is at or above the downside threshold; otherwise repayment is reduced pro rata to the underlying return, potentially resulting in a total loss of principal. The Notes have an illustrative principal amount of $10 per Note, an estimated initial value range of $9.50–$9.75 and illustrative contingent coupon metrics shown in examples. All payments are subject to UBS credit risk.

UBS AG published a preliminary pricing supplement for $• Trigger Autocallable Contingent Yield Notes linked to the common stock of Freeport‑McMoRan Inc. The Notes have a trade date of July 2, 2026, expected settlement on July 7, 2026, a final valuation date of July 5, 2028 and a maturity date of July 7, 2028. Each Note has a principal amount of $10 and a minimum investment of 100 Notes ($1,000). The Notes pay contingent coupons only if the underlying meets a coupon barrier on observation dates, are subject to automatic early call if the underlying equals or exceeds the initial level on an observation date, and repay principal at maturity only if the final level is at or above the downside threshold. Example terms show a hypothetical contingent coupon rate of 22.05% per annum, an estimated initial value range of $9.41 to $9.66, and a downside threshold of $70.00 (70% of the initial level). Any payments depend on UBS’s creditworthiness and investors may lose a significant portion or all of their investment.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Deckers Outdoor Corporation stock due July 7, 2028. The Notes pay periodic contingent coupons only if the underlying closing level meets or exceeds a coupon barrier on observation dates and may be automatically called early if the underlying closes at or above the initial level on an 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 investment. Payments remain subject to UBS credit risk. Trade date is July 2, 2026; settlement July 7, 2026; final valuation date July 5, 2028.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Blackstone Inc. common stock maturing July 7, 2028. 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. The Notes will be automatically called early if the underlying closing level on any observation date prior to the final valuation date is at or above the initial level, in which case UBS will pay principal plus any contingent coupon on the related call settlement date and no further amounts will be due. If not called, repayment of principal at maturity is contingent: if the final level is at or above the downside threshold, principal is repaid; if below, repayment is reduced in proportion to the underlying return, and you could lose a significant portion or all of your investment. All payments are subject to UBS credit risk.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Deckers Outdoor Corporation, with a target maturity on July 7, 2028. The notes pay a contingent coupon only if the underlying stock meets specified observation barriers and may be automatically called early if the underlying equals or exceeds the initial level on an observation date. The offering has a minimum investment of 100 Notes ($1,000). The estimated initial value on the trade date is between $9.41 and $9.66 per $10 Note. Principal repayment at maturity is contingent on the underlying's final level relative to the downside threshold; if the final level is below that threshold, the payment may be less than principal, and you could lose a significant portion or all of your investment. All payments are subject to UBS's creditworthiness.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Blackstone Inc. with a trade date of July 2, 2026, expected settlement on July 7, 2026, final valuation date July 5, 2028 and maturity on July 7, 2028. The Notes pay periodic contingent coupons only if the underlying closing level meets the coupon barrier on observation dates and are automatically called if the underlying closing level meets or exceeds the initial level on any prior observation date. If not called, principal is repaid at maturity only if the final level is at or above the downside threshold; if the final level is below that threshold, holders suffer a loss equal to the underlying return and could lose their entire investment. The Notes are unsecured obligations of UBS AG, are subject to UBS credit risk, have a principal amount per Note of $10, and an estimated initial value range of $9.38–$9.63 per Note as of the trade date. Specific final terms, coupon barrier, downside threshold and other terms will be set on the trade date and appear in the final pricing supplement.

UBS AG priced Trigger Autocallable Contingent Yield Notes linked to American Airlines Group Inc. The Notes pay periodic contingent coupons only if the underlying closing level meets the coupon barrier on observation dates and include an automatic call if the underlying equals or exceeds the initial level on any 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; if below, repayment is reduced pro rata to the underlying return and investors may lose a significant portion or all of their investment. The Notes mature on July 7, 2028, have an estimated initial value of $9.74 per $10 Note, and are subject to UBS credit risk.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Micron Technology common stock due January 7, 2028. The Notes pay a contingent coupon on each coupon payment date only if the closing level of Micron is at or above a coupon barrier on the related observation date; otherwise no coupon is paid. The Notes will be automatically called early if Micron’s closing level on any observation date before the final valuation date is at or above the initial level, in which case holders receive principal plus any contingent coupon due on the related coupon payment date.

If the Notes are not automatically called, principal repayment at maturity is contingent: if the final level is at or above the downside threshold, UBS will repay the principal amount; if the final level is below the downside threshold, holders will receive an amount equal to $10 × (1 + underlying return), which can result in a loss of principal and, in extreme cases, a total loss. All payments are subject to UBS credit risk. The Notes are offered in minimum increments of 100 Notes at $10 per Note and are not exchange‑listed.

UBS AG is offering $1,083,000 of Trigger Autocallable Contingent Yield Notes linked to NVIDIA Corporation common stock due July 9, 2029. The Notes pay a contingent coupon only when the underlying closing level on an observation date meets or exceeds a coupon barrier; they autocall early if the underlying closes at or above the initial level on any observation date. If not called, principal repayment at maturity is contingent: full principal is paid if the final level is at or above the downside threshold; if below, repayment equals $10 times (1 + underlying return), exposing investors to a loss up to 100% of principal. The Notes have a principal amount of $10 per Note, an estimated initial value of $9.74 per Note on the trade date, and a sample contingent coupon rate of 12.22% per annum ($0.3055 per quarter in the examples). All payments are subject to UBS credit risk and secondary market liquidity is limited.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of American Airlines Group Inc., with a trade date of July 2, 2026, expected settlement on July 7, 2026, a final valuation date of July 5, 2028, and maturity on July 7, 2028. The Notes pay periodic contingent coupons only if the underlying stock closes at or above 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 prior to maturity.

The Notes repay principal at maturity only if the final level is at or above the disclosed downside threshold; if below, repayment equals $10 x (1 + underlying return), exposing holders to the full negative return of the underlying and possible loss of all principal. Payments are subject to UBS's creditworthiness. The estimated initial value range is $9.44–$9.69 per $10 Note and the minimum investment is 100 Notes.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Micron Technology, Inc.. The trade date is July 2, 2026 with expected settlement July 7, 2026 and maturity on or about January 7, 2028. Each Note has a $10 principal amount and an estimated initial value between $9.37 and $9.62. The Notes pay a periodic contingent coupon only if the underlying closes at or above the 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 on the final level relative to the downside threshold; a final level below that threshold can produce a loss equal to the decline in the underlying and could result in total loss of principal. All payments are subject to UBS credit risk. The final terms will be set on the trade date.

UBS AG priced a preliminary offering of Trigger Autocallable Contingent Yield Notes linked to the common stock of NVIDIA Corporation due on or about July 9, 2029. The Notes pay periodic contingent coupons only if the underlying closes at or above a coupon barrier on observation dates and feature an automatic call if the underlying closes at or above the initial level on any observation date prior to the final valuation date. If not called, principal repayment at maturity is contingent: full principal is paid if the final level is at or above a downside threshold; otherwise repayment falls in proportion to the underlying return and could result in total loss of principal. Trade and settlement are shown as July 2, 2026 and July 7, 2026, with a final valuation date of July 5, 2029. The Notes have a $10 principal amount per Note, a minimum investment of 100 Notes ($1,000), and an estimated initial value range of $9.36 to $9.61 as of the trade date.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Advanced Micro Devices, Inc. common stock. The Notes pay contingent coupons only if the underlying closes at or above the coupon barrier on observation dates and may be automatically called early if the underlying closes at or above the initial level on any observation date. If not called and the final level is below the downside threshold, principal repayment at maturity is reduced pro rata to the underlying return, with the potential to lose all of your initial investment. Payments, including any principal repayment, are subject to UBS credit risk.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to MercadoLibre, Inc. common stock due July 7, 2028. The Notes pay contingent coupons only if the underlying closes at or above a coupon barrier on observation dates and can 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: full principal is returned only if the final level is at or above the downside threshold; otherwise repayment is reduced proportionally to the underlying return, potentially resulting in a total loss. Payments depend on UBS creditworthiness. The estimated initial value per Note on the trade date is $9.73. Trade and settlement dates are July 2, 2026 and July 7, 2026, respectively.

UBS AG published a preliminary pricing supplement for $• Trigger Autocallable Contingent Yield Notes linked to the common stock of Advanced Micro Devices, Inc., due on or about July 9, 2029. The trade date is July 2, 2026 with expected settlement on July 7, 2026 and a final valuation date of July 5, 2029.

The Notes pay periodic contingent coupons only if the underlying closing level on an observation date is at or above a coupon barrier; they are autocallable if the underlying closes at or above 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 declines proportionally and a total loss is possible. Minimum investment is 100 Notes ($1,000). UBS estimates the Notes' initial value between $9.36 and $9.61 per $10 Note. The document emphasizes significant risk, including loss of principal and issuer credit risk.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of MercadoLibre, Inc. The Notes have a trade date of July 2, 2026, expected settlement on July 7, 2026, a final valuation date of July 5, 2028 and an expected maturity of July 7, 2028. Each Note has a principal amount of $10 and pays a contingent coupon on observation dates only if the underlying stock meets or exceeds the coupon barrier. The Notes are subject to an automatic early call if the underlying closes at or above the initial level on any observation date. 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; otherwise repayment will decline in proportion to the underlying return, and investors may lose a significant portion or all of their investment. The estimated initial value range is $9.42 to $9.67 per Note. Payments on the Notes are subject to the creditworthiness of UBS AG.

UBS AG offers Trigger Autocallable Contingent Yield Notes linked to the common stock of Palantir Technologies Inc., maturing on July 7, 2028. The Notes pay periodic contingent coupons only if the underlying closing level on specified observation dates meets or exceeds a coupon barrier. The Notes will be automatically called early if the underlying closing level on any prior observation date is equal to or greater than the initial level, in which case UBS pays principal plus any contingent coupon on the related call settlement date. If not called, repayment at maturity is contingent: if the final level is at or above the downside threshold you receive the principal amount; if below, you receive an amount that can be less than principal and may reflect the percentage decline in the underlying (in extreme cases, resulting in the loss of the entire initial investment). All payments, including any contingent coupons and principal, are subject to the creditworthiness of UBS. Trade date is July 2, 2026, expected settlement July 7, 2026, final valuation date July 5, 2028, maturity July 7, 2028.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Texas Instruments common stock with a stated offering amount of $105,000. The notes pay periodic contingent coupons only if the underlying closing level meets or exceeds a coupon barrier on observation dates and can be automatically called early if the underlying reaches or exceeds the initial level on any pre-maturity observation date. If not called, principal is repayable at maturity only if the final level is at or above a downside threshold; if the final level is below that threshold, repayment at maturity can be reduced dollar-for-dollar by the underlying return, potentially resulting in the loss of the entire principal. Trade date, settlement, final valuation and maturity dates are July 2, 2026, July 7, 2026, July 5, 2028 and July 7, 2028, respectively. The notes have a $10 principal per note, a minimum purchase of 100 notes, an estimated initial value of $9.73, and payments remain subject to UBS creditworthiness.

UBS AG offers Trigger Autocallable Contingent Yield Notes linked to Royal Caribbean Cruises Ltd. common stock due July 7, 2028. The notes pay periodic contingent coupons only if the underlying closing level on observation dates meets the coupon barrier and will be automatically called early if the underlying meets or exceeds the initial level on any observation date prior to the final valuation date. If not called, principal repayment at maturity is contingent: if the final level is below the downside threshold, repayment is reduced proportionally to the underlying return, and you could lose all or a significant portion of your investment. The notes carry issuer credit risk of UBS AG, are not FDIC insured, have a minimum investment of 100 Notes ($1,000), and an estimated initial value of $9.73 per $10 Note as of the trade date.

UBS AG is offering preliminary terms for $• Trigger Autocallable Contingent Yield Notes linked to the common stock of Palantir Technologies Inc., with a trade date of July 2, 2026, expected settlement on July 7, 2026 and maturity on July 7, 2028. The Notes pay periodic contingent coupons only if the underlying stock meets a coupon barrier on observation dates, feature an automatic call if the underlying equals or exceeds the initial level on an observation date, and provide contingent repayment of principal at maturity that can expose investors to the full downside of the underlying. The Notes are unsecured obligations of UBS and repayment is subject to UBS credit risk. The offering minimum is 100 Notes at $10 per Note and the estimated initial value per Note is between $9.41 and $9.66.

UBS AG offers Trigger Autocallable Contingent Yield Notes linked to the common stock of Texas Instruments Incorporated with a trade date of July 2, 2026, expected settlement on July 7, 2026, final valuation on July 5, 2028, and maturity on July 7, 2028. The Notes pay a contingent coupon on coupon dates only if the underlying closes at or above a coupon barrier on observation dates and are automatically called early if the underlying closes at or above the initial level on any observation date prior to the final valuation date. If not called, repayment at maturity depends on the final level relative to a downside threshold; if the final level is below that threshold, principal repayment may be reduced in direct proportion to the underlying return, potentially resulting in substantial loss, including loss of the entire principal. The Notes are unsecured obligations of UBS and any payment is subject to UBS's creditworthiness. The final terms, including coupon barrier, initial level and exact pricing, will be set on the trade date and shown on the final pricing supplement.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Royal Caribbean Cruises Ltd. The trade date is July 2, 2026, expected settlement is July 7, 2026, final valuation date is July 5, 2028, and expected maturity is July 7, 2028. The Notes pay periodic contingent coupons only if observation-date closing levels meet the coupon barrier and include an automatic call if the underlying equals or exceeds the initial level on any observation date. If not called, principal repayment at maturity is contingent: full principal at or above the downside threshold (70.00% of the initial level in the examples) or a principal amount reduced pro rata with the underlying return if the final level is below that threshold; in extreme cases you could lose all principal. Minimum investment is 100 Notes at $10 per Note; estimated initial value range is $9.42 to $9.67 per Note, as of the trade date.

UBS AG is offering Trigger Callable Contingent Yield Securities linked to the worst performing of the Nikkei 225, the Russell 2000® and the S&P 500®. The securities pay a contingent quarterly coupon of $33.75 (equivalent to 13.50% per annum) only if each index stays at or above a coupon barrier equal to 65% of its initial index level on every trading day during an observation period. The expected term is approximately 24 months with an expected trade date of July 8, 2026, expected settlement on July 13, 2026 and expected maturity on or about July 13, 2028. UBS may call the securities at its discretion on coupon payment dates; if not called and any underlying index is below its trigger level at final determination, principal repayment will be reduced proportionately to the decline in the worst performing index.

UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the Nasdaq-100® Technology Sector and the S&P 500® Index due July 6, 2029. Each Note has a $1,000 principal and may pay periodic contingent coupons only if both underlying indices meet coupon barriers on each observation date; otherwise no coupon is paid. UBS may call the Notes in whole on monthly observation dates beginning after six months. If not called, principal is repaid at maturity only if both indices finish at or above their downside thresholds (each set at 70.00% of the initial level); otherwise holders suffer a loss tied to the negative return of the least performing index, potentially losing their entire investment. Payments depend on UBS creditworthiness. The estimated initial value per Note is $983.70.

UBS AG is offering Trigger In-Digital Securities linked to the least performing of the Nasdaq-100, Russell 2000 and S&P 500, maturing July 12, 2027. Each Security has a $1,000 principal amount and pays a capped digital return of 9.58% at maturity if the least performing underlying asset’s final level is equal to or above its digital barrier (65% of its initial level). If the least performing underlying asset’s final level is below its downside threshold, the payment at maturity will equal $1,000 times (1 + that asset’s underlying return), which can result in a partial or total loss of principal. Trade date is June 30, 2026, settlement July 6, 2026, final valuation date July 7, 2027, and maturity July 12, 2027. Payments are unsecured obligations of UBS and remain subject to UBS credit risk and to adjustments for market disruption events.

UBS AG is offering $465,000 principal of Trigger Callable Contingent Yield Notes linked to the least performing of the Dow Jones Industrial Average®, the Nasdaq-100 Index® and the S&P 500® Index, due June 6, 2028. The Notes pay a contingent coupon of 11.55% per annum only if each underlying asset meets its coupon barrier on an observation date; otherwise no coupon is paid. UBS may call the Notes monthly (beginning after ~3 months) and, if not called, principal repayment at maturity depends on whether the final level of the least performing underlying asset is at or above its downside threshold (70% of initial level). The estimated initial value per Note on the trade date was $989.40; issue price is $1,000 per Note. Payments and principal are subject to UBS credit risk and the Notes will not be listed on an exchange.

UBS AG is offering Trigger Callable Contingent Yield Securities due on or about July 13, 2028 linked to the worst performing of the Russell 2000®, S&P 500® and EURO STOXX 50® indices.

Each security has a stated principal amount of $1,000 and a contingent coupon of $23.125 (equivalent to 9.25% per annum) payable for a quarterly observation period only if each underlying index remains at or above a coupon barrier equal to 65% of its initial index level on every trading day during that observation period. UBS may call the securities at its discretion on specified coupon payment dates. If not called, repayment at maturity depends on the final levels of the indices: if any underlying index is below its trigger level (also 65% of initial), principal will be reduced proportionately to the worst performing index. The securities are unsecured obligations of UBS and involve credit risk, limited upside (no participation in index appreciation) and potential loss of a substantial portion or all of invested principal.

UBS AG offers Trigger Autocallable Contingent Yield Notes linked to the least performing of SPY and KRE. This preliminary pricing supplement describes notes that pay a contingent coupon (10.00% per annum in the terms shown) on specified observation dates only if each ETF meets its coupon barrier and that are autocallable quarterly beginning after about six months.

If the notes are autocalled, investors receive principal plus any contingent coupon due on the call settlement date. If not autocalled, principal is repaid at maturity only if each ETF is at or above its downside threshold; otherwise holders absorb the percentage loss of the least performing ETF (in extreme cases, a total loss). Payments remain subject to UBS credit risk, liquidity may be limited, and the issue price exceeds the notes’ estimated initial value.

UBS AG is offering $537,000 of Trigger Callable Contingent Yield Notes due January 6, 2028. The Notes pay a 12.75% per annum contingent coupon on each observation date only if the closing level of the Dow Jones Industrial Average, the Nasdaq-100 and the S&P 500 are each at or above their coupon barriers. If not called by UBS and the final level of any underlying index is below its 70.00% downside threshold, principal repayment at maturity will be reduced proportionally to the negative return of the least performing underlying asset, and you could lose a significant portion or all of your investment. The Notes are unsecured obligations of UBS and any payments depend on UBS’ creditworthiness.

UBS AG is offering Capped Buffer Securities linked to the S&P 500® Index with a term of approximately 12 months and a principal amount of $1,000 per Security. The product provides upside participation capped at a maximum gain of at least 12.00% and a 15.00% buffer against index declines at maturity. Key dates include an expected trade date of July 31, 2026, settlement on August 5, 2026, final valuation on August 2, 2027 and maturity on August 5, 2027. The estimated initial value range on the trade date is $960.90 to $990.90, and the issue price is $1,000.00 per Security with an underwriting discount of $5.00 per Security. Payments at maturity depend on the percentage change in the index relative to the initial level, are subject to the buffer and capped upside, and are credit-dependent on UBS.

UBS AG offers Capped Buffer Securities linked to the S&P 500® Index with a term of approximately 12 months and a $1,000 principal amount per Security. The preliminary terms specify a minimum Maximum Gain of 14.40%, a Buffer of 10.00%, and payment mechanics tied to the underlying return. The trade date is July 31, 2026, expected settlement August 5, 2026, final valuation date August 2, 2027 and maturity August 5, 2027. UBS states the estimated initial value range as $960.80 to $990.80 and notes the issue price is $1,000. The Securities do not pay interest, repay principal only at maturity subject to the buffer and UBS creditworthiness, and cap upside at the Maximum Gain.

UBS AG is offering $10,374,000 in Trigger Autocallable Yield Notes linked to the least performing of Alphabet Inc. Class A common stock (GOOGL) and Taiwan Semiconductor ADRs (TSM). The Notes pay a fixed coupon of 14.50% per annum (paid quarterly) and have a principal amount of $1,000 per Note. Observation dates are quarterly with a final valuation date of June 30, 2028 and maturity on July 6, 2028. The Notes are subject to automatic early call if, on any observation date prior to the final valuation date, the closing level of each underlying asset is equal to or greater than its call threshold (each call threshold equals 100.00% of the initial level). If not called and the final level of any underlying asset is below its downside threshold (55.00% of initial level), principal repayment at maturity will be reduced proportionally to the decline of the least performing underlying asset, possibly resulting in a substantial loss or total loss of principal. The estimated initial value as of the trade date is $981.30; issue price is $1,000 per Note.

UBS AG offers Trigger Autocallable Contingent Yield Notes linked to Micron Technology common stock due on or about July 5, 2029. The Notes pay periodic contingent coupons only if the underlying closing level on observation dates meets or exceeds a coupon barrier and may be automatically called early if the underlying equals or exceeds a call threshold. The issue price is $1,000.00 per Note, UBS Securities LLC receives an underwriting discount of $20.00 per Note and UBS expects to receive proceeds of $980.00 per Note. UBS estimates the Notes’ initial value between $938.30 and $968.30 as of the trade date. The Notes expose holders to full downside market risk (payment at maturity may be less than principal) and to UBS credit risk. Trade date is July 15, 2026, settlement date is July 20, 2026, final valuation date is June 29, 2029 and maturity is July 5, 2029.

UBS AG offers $3,155,000 of Trigger Callable Contingent Yield Notes due July 6, 2029. The Notes pay a contingent coupon of 13.10% per annum only if each underlying (Nasdaq-100 Technology Sector, Russell 2000, S&P 500) meets its coupon barrier on observation dates. UBS may call the Notes monthly beginning about three months after issuance; if not called, repayment of principal at maturity depends on the final level of the least performing underlying relative to its 60.00% downside threshold, exposing holders to partial or total loss of principal. The issue price is $1,000 per Note, the estimated initial value is $987.50 per Note, and proceeds to UBS equal $992.50 per Note after underwriting discount. All payments are subject to UBS credit risk.

UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the Dow Jones Industrial Average®, the Nasdaq-100 Index® and the S&P 500® Index, maturing on March 6, 2028. The offering totals $566,000 at an issue price of $1,000 per Note and the Notes pay a contingent coupon of 12.85% per annum only on observation dates when each underlying asset is at or above its coupon barrier. UBS may call the Notes in whole on monthly observation dates beginning after three months; if not called, principal repayment at maturity is contingent: holders receive $1,000 per Note only if each final level is at or above its downside threshold (each set at 70.00% of the initial level); otherwise payment equals $1,000 times (1 + the negative return of the least performing underlying asset), and investors may lose a significant portion or all of their investment. The estimated initial value as of the trade date is $992.50. The Notes are unsecured obligations of UBS and 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 GM, Booking Holdings and Amazon. The notes pay a contingent coupon of 17.35% per annum when each underlying meets its coupon barrier on an observation date, are callable monthly after six months, have a final valuation date of July 16, 2029 and mature on July 19, 2029. The issue price is $1,000 per Note; UBS estimates the initial value between $953.40 and $983.40. If not called and any underlying finishes below its downside threshold (generally 50% of initial level), principal repayment may be reduced pro rata to the least performing underlying asset, potentially to zero. Payments depend on UBS' creditworthiness.

The issuer UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the S&P 500® Index and the Russell 2000® Index. The notes pay a contingent coupon of 8.25% per annum only if each underlying closes at or above its coupon barrier on an observation date; otherwise no coupon is paid. UBS may call the notes monthly beginning after three months; if not called, principal is repaid at maturity only if both final levels are at or above their downside thresholds (55% of initial levels). The issue price is $1,000 per note (aggregate $1,000,000) and the estimated initial value is $989.50. The notes are unsecured obligations of UBS and repayment is subject to UBS creditworthiness; holders may lose a significant portion or all of their investment if the least performing underlying asset finishes below its downside threshold.

UBS AG is offering UBS Trigger Autocallable Contingent Yield Notes linked to Constellation Energy Corporation common stock maturing on or about July 5, 2029. The notes pay a contingent coupon only when the underlying meets a coupon barrier on quarterly observation dates and may be automatically called if the underlying reaches a call threshold. If not called and the final level is below the downside threshold, principal repayment at maturity is contingent and may reflect the full percentage decline in the underlying (potentially a total loss). The preliminary terms set an issue price of $1,000 per Note, an underwriting discount of $20 per Note and proceeds to UBS of $980 per Note. Trade and settlement are expected on July 15, 2026 and July 20, 2026, respectively. The estimated initial value range is $942.20 to $972.20 per Note. Investors bear UBS credit risk, limited upside (contingent coupons only), downside market exposure to the underlying equity and potential limited secondary-market liquidity.

UBS AG is offering Trigger Callable Contingent Yield Notes due on or about July 12, 2029. The Notes pay a contingent coupon of 10.90% per annum only if each underlying index meets its coupon barrier on observation dates; UBS may call the Notes monthly beginning after three months. At maturity, principal repayment depends on the least performing index relative to its 60.00% downside threshold, and investors can lose a significant portion or all of their investment. The estimated initial value range is $957.90 to $987.90 per $1,000 Note; issue price is $1,000 with underwriting discount $7.50 per Note.

UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the S&P 500®, Russell 2000® and Nasdaq-100® Technology Sector. The Notes pay a 13.05% per annum contingent coupon only if each underlying meets its coupon barrier on observation dates and are callable monthly by UBS beginning ~6 months after issuance. If UBS does not call the Notes and the final level of any underlying is below its 70.00% downside threshold, principal repayment at maturity will be reduced proportionally to the loss of the least performing underlying; in extreme cases you could lose your entire investment. Issue price is $1,000 per Note and estimated initial value is $959.40–$989.40. All payments depend on UBS creditworthiness.

UBS AG offers Trigger Callable Contingent Yield Notes linked to the least performing of the S&P 500®, Russell 2000® and Nasdaq-100® with a stated maturity on or about July 15, 2031. The Notes pay a 9.90% per annum contingent coupon only when each underlying closes at or above its coupon barrier on an observation date; otherwise no coupon is paid.

The Notes are issuer-callable monthly beginning after 12 months. If UBS calls early, holders receive principal plus any contingent coupon then due. If not called, principal repayment at maturity depends on the final levels of the underlying assets relative to 60.00% downside thresholds and 70.00% coupon barriers; a final shortfall versus a downside threshold would reduce principal pro rata, potentially to zero. The estimated initial value range is $951.90 to $981.90, and the issue price per Note is $1,000.00.

UBS AG offers $434,000 of Buffer Autocallable Contingent Yield Notes linked to the S&P 500® Index due October 6, 2027. The Notes pay a 6.85% per annum contingent coupon on observation dates only if the S&P 500 closing level meets or exceeds the coupon barrier. The Notes are autocallable monthly after ~12 months at a call threshold equal to 100% of the initial level; if not called, principal repayment at maturity is contingent on the final level relative to an 85% downside threshold (15% buffer), exposing holders to losses in excess of the buffer. Payments depend on UBS creditworthiness. The issue price paid by investors was $1,000 per Note and the estimated initial value per Note was $992.60 as of the trade date.

UBS is offering Trigger Autocallable Contingent Yield Notes with Memory Interest linked to the common stock of Arista Networks, Inc. The Notes have a $1,000 principal amount per Note, trade date July 6, 2026, settlement July 9, 2026 and expected maturity July 9, 2027. The Notes pay a contingent coupon at a 20.90% per annum rate when the underlying's closing level on an observation date is at or above the coupon barrier. The Notes are automatically callable on observation dates (beginning ~3 months after the trade date) if the underlying equals or exceeds a call threshold of 100.00% of the initial level. At maturity, if the final level is below the downside threshold of 60.00% of the initial level, principal repayment is contingent and may result in significant loss, including total loss. The estimated initial value range is $939.50 to $969.50 per Note; issue price is $1,000.00 with an underwriting discount of $17.50 per Note.

UBS AG London Branch is offering Buffered Contingent Income Auto-Callable Securities due on or about July 8, 2030 linked to the common stock of Micron Technology, Inc.

The securities have a $1,000 stated principal amount, a contingent payment of $65.00 (equivalent to 26.00% per annum) on specified contingent payment dates if the underlying closes at or above a downside threshold of 50.00% of the initial price. If the securities are not called and the final price is below the downside threshold, holders receive a cash value equal to the exchange ratio multiplied by the final price and may lose some or all principal. The issue price will exceed UBS’ internal estimated initial value (estimated range shown here). Payments are subject to UBS AG credit risk.

UBS AG offers Trigger Callable Contingent Yield Notes linked to the least performing of the S&P 500®, Russell 2000® and Nasdaq-100® Technology Sector. The Notes pay a contingent coupon of $9.3333 per $1,000 Note annually (stated as 11.20% per annum) only when each underlying asset meets its coupon barrier on an observation date. UBS may call the Notes monthly starting after approximately three months; if called you receive principal plus any contingent coupon due on the call settlement date. If not called and the final level of every underlying asset is at or above its downside threshold (60.00% of initial level), principal is repaid at maturity. If any underlying asset’s final level is below its downside threshold, principal repayment is reduced pro rata to the percentage decline of the least performing underlying asset and could result in a total loss. The preliminary estimated initial value range per Note is $959.70 to $989.70; issue price is $1,000.00 with proceeds to UBS of $993.00 per Note after an underwriting discount of $7.00.