Every 424B that ETRACS Alerian MLP Index ETN Series B due July 18, 2042 (AMUB) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow AMUB and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full AMUB filings page.
UBS AG is offering $1,025,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Advanced Micro Devices, Inc., maturing on February 17, 2028. These are unsecured, unsubordinated debt obligations of UBS with no principal guarantee.
Investors receive a high contingent coupon, illustrated at 21.14% per annum ($0.5285 per $10 Note per quarter in the examples), only when AMD’s share price on an observation date is at or above a coupon barrier set at 60% of the initial level. UBS will automatically call the Notes if AMD’s share price on any quarterly observation date (after six months) is at or above the initial level, returning principal plus any due coupon and ending further payments.
If the Notes are not called and AMD’s final share price is at or above the downside threshold (also 60% of the initial level in the examples), investors receive full principal at maturity, plus any coupon due. If the final price is below the downside threshold, repayment is reduced one-for-one with AMD’s loss, and investors can lose their entire investment. The minimum investment is 100 Notes at $10 each, the estimated initial value is $9.80 per Note, the Notes will not be listed on any exchange, and all payments depend on UBS’s creditworthiness.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of DexCom, Inc., maturing on or about February 17, 2028. These are unsecured, unsubordinated debt obligations of UBS.
Investors receive contingent coupons only if DexCom’s closing level on an observation date is at or above a preset coupon barrier. The notes are automatically called early if DexCom closes at or above the initial level on any observation date before the final valuation date, in which case investors receive principal plus any due contingent coupon and the product terminates.
If the notes are not called and DexCom’s final level is at or above a downside threshold, investors receive only their principal at maturity. If the final level is below the downside threshold, repayment is reduced in line with DexCom’s decline, up to a total loss of principal. Payments depend on UBS’s credit. The notes are sold in minimums of 100 notes at $10 each, with an estimated initial value between $9.37 and $9.62 per note and will not be listed on an exchange.
UBS AG is offering $740,000 of Trigger Autocallable Contingent Yield Notes linked to Broadcom Inc. common stock, maturing February 17, 2028. These unsecured debt notes pay quarterly contingent coupons only when Broadcom’s closing share price on an observation date is at or above a preset coupon barrier.
The notes can be automatically called after six months on any quarterly observation date if Broadcom’s share price is at or above the initial level. In that case, investors receive the $10 principal per Note plus any due coupon, and the investment ends.
If the notes are not called and Broadcom’s final level on the valuation date is at or above the downside threshold, investors receive their full principal (and a final coupon if the coupon barrier is met). If the final level is below the downside threshold, repayment is reduced in line with Broadcom’s decline and investors can lose all their investment.
The notes carry UBS credit risk, are not bank deposits, are not FDIC insured, will not be listed on an exchange, have a minimum investment of 100 Notes ($1,000), and an estimated initial value of $9.77 per $10 Note.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Target Corporation common stock, maturing on or about February 17, 2028. These unsecured debt obligations pay contingent coupons only when Target’s share price is at or above a preset coupon barrier on scheduled observation dates.
The Notes may be automatically called before maturity if Target’s stock closes at or above the initial level on an observation date, in which case holders receive the principal plus any due contingent coupon and no further payments. If the Notes are not called and Target’s final share level is at or above a downside threshold, investors receive the full principal at maturity; if it is below that threshold, repayment is reduced in line with the stock’s decline and all principal can be lost in severe scenarios.
The Notes are subject to UBS’s credit risk, will not be listed on an exchange, and have an estimated initial value per $10 Note between $9.39 and $9.64. The minimum investment is 100 Notes at $10 each, and the documents emphasize that these securities are significantly riskier than conventional debt instruments.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Uber Technologies, Inc. common stock, maturing on February 17, 2028. These unsecured notes pay a contingent coupon only when Uber’s share price is at or above a preset coupon barrier on each observation date.
The notes can be called early if Uber’s stock closes at or above the initial level on any observation date, returning principal plus the due coupon, with no further payments. If not called and the final stock level is at or above the downside threshold, investors receive full principal; if it is below, repayment is reduced in line with the stock’s decline, and total loss of principal is possible.
The example terms include a 13.17% per annum contingent coupon (about $0.3293 per $10 note) and a downside threshold and coupon barrier at $70.00, which is 70.00% of the initial level. The notes are issued at $10 each, with a minimum investment of 100 notes ($1,000). The estimated initial value is $9.74 per note. All payments depend on UBS’s creditworthiness, and the notes will not be listed on any exchange.
UBS AG is offering unsecured Trigger Autocallable Contingent Yield Notes linked to the common stock of Advanced Micro Devices, Inc. The notes run to about February 17, 2028 and pay quarterly contingent coupons only when AMD’s share price is at or above a preset coupon barrier on each observation date.
The notes can be automatically called as early as about six months after issuance if AMD closes at or above the initial level on an observation date. In that case, investors receive principal plus the due coupon and no further payments.
If not called, and AMD’s final level is at or above the downside threshold, investors receive full principal at maturity, plus any final coupon if the coupon barrier is met. If the final level is below the downside threshold, repayment is reduced in line with AMD’s percentage decline, and investors could lose their entire investment.
The notes are not listed, carry UBS credit risk, and are intended only for investors who understand structured products and can tolerate the possibility of no coupons and substantial principal loss. Minimum investment is 100 notes at $10 each, and the estimated initial value is expected between $9.42 and $9.67 per note.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Broadcom Inc., maturing around February 17, 2028. These are unsecured, unsubordinated debt obligations of UBS, not traditional bonds.
The notes pay a contingent coupon only when Broadcom’s closing share price on a quarterly observation date is at or above a coupon barrier; otherwise no coupon is paid. UBS will automatically call the notes after six months if Broadcom’s price on an observation date is at or above the initial level, returning principal plus any due coupon and ending the investment.
If the notes are not called and Broadcom’s final level is at or above a downside threshold, investors receive back principal (and a final coupon if the barrier is also met). If the final level is below the downside threshold, repayment is reduced in line with Broadcom’s decline, and investors can lose their entire investment. An example term sheet shows a 16.56% annual coupon rate with $0.414 quarterly coupons on a $10 note and a downside threshold and coupon barrier at 60% of the initial level.
Payments depend on UBS’s creditworthiness, the notes will not be listed on an exchange, and the estimated initial value is between $9.39 and $9.64 per $10 note, reflecting internal funding and pricing assumptions.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Uber Technologies, Inc., maturing on or about February 17, 2028. These are unsubordinated, unsecured debt obligations of UBS with no listing on any exchange.
Investors receive a contingent coupon only if Uber’s share price on each observation date is at or above a specified coupon barrier. The notes may be automatically called early if Uber’s stock is at or above the initial level on an observation date, in which case investors receive principal plus the contingent coupon and no further payments.
If the notes are not called and Uber’s final stock price is at or above the downside threshold, investors receive principal back at maturity. If the final price is below the downside threshold, repayment is reduced in line with Uber’s decline and investors can lose some or all of their investment. All payments depend on UBS’s credit, and the estimated initial value per $10 note is between $9.44 and $9.69.
UBS AG is offering $100,000 of Trigger Autocallable Contingent Yield Notes linked to Lennar Corporation common stock, maturing on February 17, 2028. These unsecured notes pay a contingent coupon only when Lennar’s share price on an observation date is at or above a preset coupon barrier.
The notes are automatically called early if Lennar’s stock closes at or above its initial level on any observation date before final valuation, returning principal plus the applicable coupon and ending further payments. If not called and the final stock level is at or above a downside threshold, investors receive principal back (and a final coupon if the barrier is met).
If the final stock level is below the downside threshold, repayment is reduced in line with Lennar’s percentage decline, up to a total loss of principal. The notes are not listed on any exchange, carry UBS credit risk, and have an estimated initial value of $9.70 per $10 note, with a minimum investment of 100 notes.
UBS AG is offering $170,000 of Trigger Autocallable Contingent Yield Notes linked to Micron Technology, Inc. common stock, due February 20, 2029. These unsecured debt notes pay a contingent coupon only when Micron’s closing level on an observation date is at or above a coupon barrier set at 50% of the initial level.
The notes are automatically called quarterly, beginning after six months, if Micron’s level is at or above the initial level, returning the $10 principal per note plus any due coupon. If not called, and Micron’s final level is at or above the downside threshold (also 50% of the initial level), investors receive principal back at maturity.
If the notes are not called and Micron’s final level is below the downside threshold, repayment is reduced in line with the stock’s percentage loss, and investors can lose all principal. The indicative contingent coupon rate in the examples is 24.08% per year, the minimum investment is 100 notes ($1,000), and the estimated initial value is $9.67 per note. All payments depend on UBS’s creditworthiness.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Lennar Corporation, maturing on or about February 17, 2028. These are unsecured, unsubordinated debt obligations with no guaranteed principal repayment.
Investors receive contingent coupons only when Lennar’s share price is at or above a coupon barrier on each observation date. The notes are automatically called early if Lennar’s share price is at or above the initial level, returning principal plus any due coupon. Otherwise, at maturity investors are fully exposed to Lennar’s downside below a threshold and can lose all of their investment.
The notes are issued in $10 denominations, with a minimum investment of 100 notes. Example terms show a 13.10% per annum contingent coupon and a downside threshold and coupon barrier at 70% of the initial level. The estimated initial value is between $9.40 and $9.65 per $10 note. Payments depend on UBS’s credit, and the notes will not be listed on any exchange.
UBS AG is offering $598,000 of Airbag Autocallable Yield Notes linked to the common stock of Uber Technologies, Inc., maturing on February 17, 2027. These are unsecured, unsubordinated UBS debt obligations that pay a coupon on each coupon payment date regardless of Uber’s share performance, unless the notes are called early.
The notes are automatically called if Uber’s closing share price on any observation date before the final valuation date is at or above the initial level, triggering repayment of principal plus the due coupon and ending all future payments. If not called and Uber’s final level on the final valuation date is at or above a specified conversion level, investors receive principal back in cash plus the final coupon. If the final level is below the conversion level, investors receive a fixed number of Uber shares (plus cash for any fractional share), expected to be worth less than principal, creating potential for significant loss. All payments depend on UBS’s credit, the notes will not be listed on an exchange, and the estimated initial value per $1,000 note is $980.20.
UBS AG is offering $740,000 of Trigger Autocallable Contingent Yield Notes linked to Lyft, Inc. common stock, maturing on February 17, 2028. The Notes pay a contingent coupon only when Lyft’s closing share price on a quarterly observation date is at or above a preset coupon barrier.
The Notes can be automatically called after six months if Lyft’s share price on an observation date is at or above the initial level, in which case investors receive $10 per Note plus any due coupon and no further payments. If the Notes are not called and Lyft’s final share price is at or above a downside threshold, investors receive the $10 principal at maturity.
If the Notes are not called and Lyft’s final share price is below the downside threshold, the maturity payment is reduced in proportion to Lyft’s decline, and investors can lose all of their principal. The Notes are unsecured debt of UBS, sold in $10 denominations (minimum $1,000), with an estimated initial value of $9.78 per Note.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Micron Technology, Inc. due on or about February 20, 2029. These unsecured debt securities pay contingent coupons only when Micron’s share price is at or above a specified coupon barrier on each observation date.
The notes can be automatically called quarterly, beginning after 6 months, if Micron’s share price is at or above the initial level, returning the $10 principal per Note plus any due coupon, with no further payments. If not called, and Micron’s final level is at or above the downside threshold, investors receive principal back at maturity.
If the notes are not called and Micron’s final level is below the downside threshold, repayment is reduced in line with the stock’s negative return, and investors can lose all of their initial investment. Any payment depends on the creditworthiness of UBS. The notes are not listed, require a minimum investment of 100 Notes at $10 each, and have an estimated initial value between $9.33 and $9.58 per Note.
UBS AG is offering Airbag Autocallable Yield Notes linked to the common stock of Uber Technologies, Inc. These unsecured debt notes pay a fixed coupon on each coupon payment date regardless of Uber’s share performance, unless the notes are called early.
The notes can be automatically called if Uber’s closing share price on an observation date is at or above the initial level, in which case investors receive principal plus the due coupon and the notes terminate. If not called and Uber’s final share price is at or above a specified conversion level at maturity, investors receive principal in cash plus the final coupon.
If the notes are not called and Uber’s final share price is below the conversion level, investors receive Uber shares based on a preset share delivery amount, expected to be worth less than principal, resulting in potential loss of some or all of the initial investment. All payments depend on UBS’s credit, and the estimated initial value per $1,000 note is expected to be between $949.50 and $974.50.
UBS AG is offering $250,000 of Trigger Autocallable Contingent Yield Notes linked to Alphabet Inc. common stock, maturing on February 17, 2027. These unsecured notes pay a contingent coupon only when Alphabet’s share price is at or above a preset coupon barrier on each observation date.
The notes can be called early if Alphabet’s share price is at or above the initial level on any observation date, returning principal plus the due coupon and ending further payments. If they are not called and Alphabet finishes at or above the downside threshold, investors receive full principal; if it finishes below, repayment is reduced in line with Alphabet’s decline, and all principal can be lost.
The notes are issued in $10 denominations, with a minimum $1,000 investment. A hypothetical example shows a 9.66% per annum contingent coupon and a $70 downside threshold and coupon barrier, set at 70% of the initial level. The estimated initial value is $9.79 per $10 note, and all payments depend on the creditworthiness of UBS.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Lyft, Inc., maturing around February 17, 2028. These are unsecured debt obligations of UBS, not traditional bonds.
Investors receive a contingent coupon only if Lyft’s share price on each quarterly observation date, including the final valuation date, is at or above a defined coupon barrier. The notes are automatically called early if Lyft’s share price on any observation date (starting after six months) is at or above the initial level, in which case UBS repays principal plus the contingent coupon and the notes terminate.
If the notes are not called and Lyft’s final share price is at or above a downside threshold, UBS repays the $10 principal per note; if it is below that threshold, repayment is reduced in line with Lyft’s percentage decline and can fall to zero. The minimum investment is 100 notes at $10 each, and the estimated initial value is expected between $9.40 and $9.65 per note. All payments depend on UBS’s creditworthiness, and the notes will not be listed on any exchange.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Alphabet Inc., maturing on or about February 17, 2027. Each Note has a principal amount of $10, with a minimum investment of 100 Notes (a $1,000 purchase).
The Notes pay a contingent coupon only when Alphabet’s share price on an observation date is at or above a preset coupon barrier. If on any observation date before maturity the share price is at or above the initial level, the Notes are automatically called and investors receive principal plus that period’s contingent coupon, with no further payments.
If the Notes are not called and Alphabet’s final share price is at or above the downside threshold, investors receive their full principal at maturity (and a final coupon if the barrier is met). If the final price is below the downside threshold, principal is reduced in line with Alphabet’s percentage decline, up to a total loss. All payments depend on UBS’s credit, and the Notes will not be listed, limiting liquidity. The estimated initial value is between $9.44 and $9.69 per $10 Note.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the American depositary receipts of Baidu, Inc., maturing on February 17, 2028. These are unsubordinated, unsecured debt obligations of UBS, not bank deposits and not FDIC insured.
Investors receive a contingent coupon only if Baidu’s ADR closes at or above a coupon barrier on each observation date. Illustrative terms show a contingent coupon rate of 16.85% per annum, or $0.4213 per $10 note, with both the downside threshold and coupon barrier set at $70.00, equal to 70.00% of the initial level.
The notes are automatically called early if the ADR closes at or above the initial level on any observation date before the final valuation date, returning principal plus the applicable coupon and ending further payments. If not called, and the final level is at or above the downside threshold, investors receive principal back (plus any final coupon). If the final level is below the downside threshold, repayment is reduced in line with the underlying return, and investors can lose their entire investment.
The minimum investment is 100 Notes at $10 each. The estimated initial value is $9.69 per $10 Note, based on UBS’ internal pricing models. All payments depend on UBS’s credit; a default by UBS could result in total loss regardless of Baidu’s performance.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of CrowdStrike Holdings, Inc., maturing on February 17, 2028. These unsecured debt notes pay a contingent coupon only when CrowdStrike’s share price on an observation date is at or above a preset coupon barrier.
The notes can be called early if CrowdStrike’s share price on any observation date before maturity is at or above the initial level, in which case investors receive the principal plus any due coupon and the notes terminate. If not called and the final share price is at or above a downside threshold, principal is repaid at maturity.
If the notes are not called and the final share price is below the downside threshold, repayment is reduced in line with CrowdStrike’s percentage decline, and investors can lose some or all of their investment. An example structure shows a $10 denomination, a 20.44% per annum contingent coupon and a 70% downside threshold and coupon barrier. All payments depend on UBS’s creditworthiness, and the notes will not be listed on any exchange.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the American depositary receipts of Baidu, Inc., maturing on or about February 17, 2028. These unsecured debt obligations pay coupons only if Baidu’s ADRs stay at or above a preset coupon barrier on each observation date.
The notes are automatically called early if Baidu’s ADRs are at or above the initial level on any observation date before maturity, returning principal plus the applicable contingent coupon. If not called and the final level is at or above a downside threshold, investors receive only principal back. If the final level is below the downside threshold, repayment is reduced in line with Baidu’s percentage decline, and all principal can be lost. The minimum investment is 100 notes at $10 each, and the estimated initial value per note is expected between $9.39 and $9.64, with all payments subject to UBS’s creditworthiness.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Humana Inc., maturing on February 17, 2028. These unsecured debt notes pay contingent coupons only when Humana’s share price is at or above a set coupon barrier on observation dates.
The notes are automatically called early if Humana’s price on an observation date (before maturity) is at or above the initial level, returning principal plus the contingent coupon, with no further payments. If not called and the final level is at or above the downside threshold, investors receive only their principal back.
If the notes are not called and the final level is below the downside threshold, repayment is reduced in line with Humana’s percentage decline and can fall to zero, causing a total loss of principal. Any payment depends on UBS’s creditworthiness. The notes are not exchange-listed, require a minimum investment of 100 notes at $10 each, and have an estimated initial value of $9.70 per note.
UBS AG is offering $397,000 of Trigger Autocallable Contingent Yield Notes linked to Micron Technology common stock, maturing on February 17, 2028. These unsecured debt notes pay contingent coupons only when Micron’s closing share price on an observation date is at or above a preset coupon barrier.
The notes can be automatically called before maturity if Micron’s price on any observation date (other than the final one) is at or above the initial level. In that case, investors receive the $10 principal per note plus any due coupon, and the notes terminate.
If the notes are not called and Micron’s final level is at or above a downside threshold, investors receive principal back at maturity, potentially with a final coupon. If the final level is below the downside threshold, repayment is reduced in line with Micron’s decline, and investors can lose their entire investment.
The notes are subject to UBS’s credit risk, will not be listed on any exchange, require a minimum $1,000 purchase, and have an estimated initial value of $9.78 per $10 note as of the trade date.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of CrowdStrike Holdings, Inc., maturing in February 2028. These unsecured debt notes can pay contingent coupons only when the underlying stock closes at or above a preset coupon barrier on observation dates.
The notes are automatically called if the stock closes at or above the initial level on any observation date before maturity, returning principal plus the applicable coupon and ending further payments. If not called and the final stock level is at or above the downside threshold, investors receive only their principal back at maturity.
If the final level is below the downside threshold, repayment is reduced in line with the stock’s percentage decline, and investors can lose most or all of their investment. All payments depend on UBS’s creditworthiness. The notes are not listed, require a minimum investment of 100 notes at $10 each, and have an estimated initial value between $9.44 and $9.69 per note.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Netflix common stock, maturing on February 17, 2028. The Notes pay a contingent coupon only when Netflix’s closing level on an observation date is at or above a preset coupon barrier.
If on any observation date before maturity Netflix’s level is at or above the initial level, the Notes are automatically called and pay back principal plus the applicable contingent coupon, with no further payments. If never called and the final level is at or above the downside threshold, investors receive principal at maturity, plus any due contingent coupon.
If the Notes are not called and Netflix’s final level is below the downside threshold, repayment is reduced in line with the stock’s percentage decline, and investors can lose their entire investment. Payments depend on UBS’s credit, the Notes are not listed, the minimum investment is 100 Notes at $10 each, and the estimated initial value is $9.74 per Note. An illustrative contingent coupon rate is 14.20% per year with a 70% barrier.
UBS AG is offering $364,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Lam Research Corporation, maturing on February 17, 2028. Each Note has a $10 principal amount and is designed to pay contingent coupons only when Lam Research’s share price closes at or above a preset coupon barrier on the relevant observation date.
The Notes are automatically called early if the stock closes at or above its initial level on any observation date before maturity, in which case investors receive $10 per Note plus the applicable contingent coupon and no further payments. If the Notes are not called and the final stock level is at or above the downside threshold, investors receive $10 per Note at maturity.
If the Notes are not called and the final level is below the downside threshold, repayment is reduced in line with the stock’s negative return, and investors can lose all of their principal. An illustrative contingent coupon rate of 19.77% per annum (paying $0.4943 per quarter) is shown. The minimum investment is 100 Notes, or $1,000, and the estimated initial value is $9.79 per Note. Payments depend entirely on UBS’s credit and the Notes will not be listed on any exchange.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Freeport-McMoRan Inc., with $10 principal per Note and a scheduled maturity on February 17, 2028.
Investors receive contingent coupons only if Freeport-McMoRan’s share price on each observation date is at or above a preset coupon barrier. The Notes are automatically called early, returning principal plus any due coupon, if the share price is at or above the initial level on any observation date before maturity.
If the Notes are not called and the final share price is at or above a defined downside threshold, principal is repaid at maturity. If the final share price is below that threshold, repayment is reduced in line with the stock’s decline, and investors can lose up to their entire investment. All payments depend on the creditworthiness of UBS, and the Notes are not listed on any exchange.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Humana Inc., maturing on or about February 17, 2028. These unsecured, unsubordinated debt securities pay a contingent coupon only when Humana’s share price on an observation date is at or above a specified coupon barrier.
The notes can be called early if Humana’s stock closes at or above the initial level on any observation date before maturity, in which case investors receive the principal plus the applicable contingent coupon and no further payments. If the notes are not called and the final stock level is at or above a downside threshold, principal is repaid; if it is below that threshold, repayment is reduced in line with the stock’s decline and investors can lose all of their investment.
The notes are subject to UBS’s credit risk, will not be listed on an exchange, and are offered in minimums of 100 notes at $10 each. The estimated initial value is expected to be between $9.40 and $9.65 per note, reflecting UBS’s internal pricing models and funding rate.
UBS AG is offering trigger autocallable contingent yield notes linked to the common stock of Micron Technology, Inc., maturing on or about February 17, 2028. These unsubordinated, unsecured notes pay a contingent coupon only when Micron’s stock closes at or above a preset coupon barrier on scheduled observation dates.
The notes are automatically called early if Micron’s stock closes at or above the initial level on any observation date before the final valuation date, in which case holders receive principal plus the applicable contingent coupon and no further payments. If the notes are not called and Micron’s final stock level is at or above the downside threshold, holders receive principal at maturity; if it is below the downside threshold, repayment is reduced in line with the stock’s decline and all principal can be lost.
Payments depend on the creditworthiness of UBS, the notes will not be listed on any exchange, and the minimum investment is 100 notes at $10 per note. The estimated initial value per $10 note is expected to be between $9.42 and $9.67, based on UBS’ internal pricing models.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Micron Technology common stock, maturing on February 20, 2029. Each Note has a $10 principal amount and may pay a 24.00% per annum contingent coupon if Micron’s share price is at or above a specified coupon barrier.
The Notes can be automatically called before maturity if Micron’s stock closes at or above the initial level on an observation date, returning principal plus any due coupon. If not called and the final stock level is below the downside threshold, investors incur losses matching Micron’s percentage decline, potentially losing their entire investment.
Payments depend on UBS’s credit, the Notes will not be listed, the minimum investment is 100 Notes ($1,000), and the estimated initial value is $9.67 per $10 Note, reflecting UBS’s internal pricing and funding costs.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Netflix, Inc., maturing on or about February 17, 2028. These are unsubordinated, unsecured debt obligations of UBS that pay a contingent coupon only when Netflix’s closing level on an observation date is at or above a preset coupon barrier.
The Notes are automatically called early if Netflix’s closing level on any observation date before maturity is at or above the initial level, in which case UBS repays principal plus the applicable coupon and the Notes terminate. If not called and Netflix’s final level is at or above a downside threshold, investors receive principal at maturity (and a coupon if the barrier is met). If the final level is below the downside threshold, repayment is reduced in proportion to the stock’s decline, and investors can lose all principal. Minimum investment is 100 Notes at $10 each, and the estimated initial value is expected to be between $9.44 and $9.69 per Note, based on UBS internal models. All payments depend on UBS’s credit, and the Notes are not listed or insured.
UBS AG is offering $100,000 of Trigger Autocallable Contingent Yield Notes linked to Dollar General common stock, maturing on February 17, 2028. These unsecured debt notes pay a contingent coupon only when Dollar General’s share price is at or above a preset coupon barrier on each observation date.
The notes can be automatically called early if the stock closes at or above the initial level on any observation date before maturity, returning principal plus the applicable coupon with no further payments. If not called and the final stock level is below the downside threshold, investors suffer a loss matching the stock’s decline and could lose their entire investment. An example describes a roughly two-year term note with a 12.68% per annum contingent coupon rate, a $0.317 coupon per $10 note and both the downside threshold and coupon barrier set at 70% of the initial level. All payments depend on UBS’s credit, and the notes will not be listed on an exchange; the estimated initial value per $10 note is $9.71.
UBS AG is offering $876,000 of Trigger Autocallable Contingent Yield Notes linked to American Eagle Outfitters stock, maturing February 20, 2029. These unsecured debt securities pay a high contingent coupon only when the stock closes at or above a preset coupon barrier on quarterly observation dates.
The notes can be called early each quarter starting about six months after issuance if the stock is at or above its initial level. In that case, investors receive $10 per note plus the applicable coupon and the investment ends.
If the notes are not called and the stock finishes at or above the downside threshold (50% of the initial level in the examples) at maturity, investors receive back the $10 principal per note, plus any final coupon if the barrier is met. If the stock finishes below the downside threshold, repayment is reduced one-for-one with the stock’s loss, and investors can lose most or all of their investment.
The notes carry UBS credit risk, are not FDIC insured, will not be listed on an exchange, require a minimum $1,000 purchase, and have an estimated initial value of $9.67 per $10 note due to issuer pricing and funding costs.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Lam Research Corporation, maturing on or about February 17, 2028. These are unsecured, unsubordinated debt obligations of UBS and are not bank deposits or FDIC insured.
Investors receive a contingent coupon only if Lam Research’s share price on an observation date is at or above a specified coupon barrier; otherwise no coupon is paid for that period. The notes are automatically called early if the share price is at or above the initial level on any observation date before maturity, in which case investors receive principal plus the applicable contingent coupon, and the notes terminate.
If the notes are not called and the final share price is at or above a downside threshold, investors receive full principal at maturity (plus any final contingent coupon if the coupon barrier is met). If the final share price is below the downside threshold, repayment is reduced in line with the stock’s decline, and investors can lose some or all of their initial investment. The notes will not be listed, have a minimum purchase of 100 notes at $10 each, and the estimated initial value per note is expected between $9.43 and $9.68.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Freeport-McMoRan Inc., maturing around February 17, 2028. These unsecured debt securities pay a contingent coupon only if the stock closes at or above a specified coupon barrier on each observation date.
The notes can be called early if the stock closes at or above the initial level on an observation date, in which case investors receive the principal plus any due coupon and no further payments. If the notes are not called and the final stock level is below the downside threshold, repayment at maturity is reduced in line with the stock’s decline, and investors could lose their entire investment. Payments depend on UBS’s credit, the notes are not listed, require a minimum $1,000 purchase (100 notes at $10), and have an estimated initial value between $9.41 and $9.66 per note.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Micron Technology, Inc., maturing on or about February 20, 2029. These are unsecured, unsubordinated debt obligations of UBS, not bank deposits and not FDIC-insured.
Investors may receive periodic contingent coupons only if Micron’s closing share price on each observation date is at or above a preset coupon barrierautomatically called before maturity if Micron’s stock is at or above the initial level on any observation date, in which case investors receive principal plus the applicable coupon and no further payments.
If the notes are not called and Micron’s final share price is at or above the downside threshold, investors receive full principal at maturity (plus any final coupon if the coupon barrier is met). If the final price is below the downside threshold, repayment is reduced in line with Micron’s decline, and investors can lose all of their investment. An example shows a 22.94% per annum coupon rate and a downside threshold and coupon barrier set at 50% of the initial level. All payments depend on UBS’s creditworthiness.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of American Eagle Outfitters, Inc., maturing around February 20, 2029. These unsecured notes pay a coupon only if the stock closes at or above a preset coupon barrier on each quarterly observation date.
The notes are automatically called if the stock is at or above its initial level on any observation date after six months, returning principal plus that period’s coupon, with no further payments. If not called and the stock is at or above the downside threshold at maturity, investors receive principal back; if below, repayment falls in line with the stock’s loss, and all principal can be lost.
All payments depend on UBS’s credit, the notes are not listed on an exchange, and the estimated initial value on the trade date is expected between $9.29 and $9.54 per $10 note. The minimum investment is 100 notes at $10 each.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Dollar General Corporation, maturing on or about February 17, 2028. These are unsecured, unsubordinated debt obligations of UBS with principal at risk.
Investors may receive periodic contingent coupons only if the stock closes at or above a preset coupon barrier on each observation date. The notes are automatically called early if the stock closes at or above the initial level on any observation date before maturity, returning principal plus the applicable coupon, with no further payments.
If the notes are not called and the final stock level is at or above the downside threshold, investors receive only the $10 principal per note at maturity, plus a final coupon if the coupon barrier is met. If the final level is below the downside threshold, repayment is reduced in line with the stock’s decline, and investors can lose most or all of their investment. Payments depend on UBS’s credit. The minimum investment is 100 notes at $10 each, and the estimated initial value per note on the trade date is expected between $9.41 and $9.66.
UBS AG is offering $1,251,000 of Trigger Autocallable Yield Notes linked to the least performing of Moody’s Corporation stock and the State Street Financial Select Sector SPDR ETF. Each Note has a $1,000 principal amount and pays a fixed 9.00% per annum coupon in equal monthly installments while outstanding.
The Notes can be automatically called monthly starting after 12 months if both underlyings close at or above 100.00% of their initial levels, returning principal plus the coupon for that date. If not called, and at maturity both underlyings are at or above 70.00% of their initial levels, investors receive full principal back. If any underlying finishes below its 70.00% downside threshold, repayment is reduced in line with the worst performer, and investors can lose all principal. The Notes are unsecured UBS debt, not listed on an exchange, and their estimated initial value is $990.40 per $1,000 issue price.
UBS AG is offering $683,000 of Buffer Callable Contingent Yield Notes linked to the least performing of the Nasdaq-100® Technology Sector Index, the Russell 2000® Index and the S&P 500® Index, maturing on February 14, 2029.
The notes pay an 8.65% per annum contingent coupon (about $21.625 per quarter per $1,000) only when all three indexes close at or above 70% of their initial levels. UBS can call the notes on any quarterly observation date, returning principal plus any due coupon. If not called and any index finishes below its 70% downside threshold, repayment at maturity is reduced in line with the worst index beyond a 30% buffer, and investors could lose almost all principal. All payments depend on UBS’s credit; the notes are unsecured and will not be listed.
UBS AG is offering Trigger Callable Contingent Yield Notes linked to the common stock of CoreWeave, Inc. (CRWV), maturing on or about February 17, 2028. Each Note has a $1,000 principal amount and pays a high contingent coupon of 44.50% per annum (about $37.0833 per month) only when CoreWeave’s closing price on an observation date is at or above a coupon barrier set at 60% of the initial level.
UBS may call the Notes in whole, but not in part, on any monthly observation date beginning after three months, paying back principal plus any due coupon and ending the investment early. If the Notes are not called and CoreWeave’s final level on the valuation date is at or above the same 60% downside threshold, investors receive full principal at maturity. If the final level is below this threshold, repayment is reduced dollar-for-dollar with CoreWeave’s percentage loss, and investors can lose some or all of their investment.
The Notes are unsecured, unsubordinated debt obligations of UBS, so all payments depend on UBS’s credit. They are not listed on any exchange and may have limited or no secondary market. The preliminary estimated initial value is expected between $882.30 and $912.30 per $1,000 Note, reflecting underwriting discounts of $6.50 per Note, hedging and issuance costs.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the least performing of three underlying assets: the SPDR S&P Regional Banking ETF (KRE), the Nasdaq-100 Technology Sector Index (NDXT) and the Utilities Select Sector SPDR ETF (XLU). Each Note has a $1,000 principal amount, a term of about five years to a scheduled maturity on February 25, 2031, and pays a contingent coupon at 10.60% per annum (about $8.8333 per month) only when the closing level of each underlying is at or above its coupon barrier on the relevant monthly observation date.
The Notes may be automatically called on any observation date beginning after 12 months if all underlyings are at or above their call threshold levels, in which case holders receive principal plus the applicable contingent coupon and no further payments. If the Notes are not called and, at maturity, each underlying is at or above its downside threshold (70.00% of its initial level for each underlying in the illustrated terms), investors receive full principal. If any underlying finishes below its downside threshold, the maturity payment is reduced based on the negative return of the worst-performing underlying, and investors can lose all of their initial investment. All payments depend on the creditworthiness of UBS, the Notes are unsecured and unsubordinated, and they will not be listed on any exchange.
UBS AG is offering Trigger Callable Contingent Yield Notes linked to the worst performer of Amazon, Disney and UPS stock, maturing around February 24, 2031. Each Note has a $1,000 denomination and pays a 14.75% per annum contingent coupon when, on a monthly observation date, all three stocks close at or above 50% of their initial levels.
UBS can call the Notes in whole on any observation date starting after three months, paying back principal plus the applicable contingent coupon, ending all future payments. If the Notes are not called and each stock finishes at or above 77% of its initial level, investors receive full principal at maturity.
If any stock finishes below its 77% downside threshold, the maturity payment is reduced one-for-one with the worst stock’s loss, and investors can lose most or all of their investment. All payments depend on UBS’s credit, and the estimated initial value per Note is $938.30–$968.30, below the $1,000 issue price.
UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the Nasdaq-100 Technology Sector Index, the Russell 2000 Index and the VanEck Semiconductor ETF, maturing around February 25, 2031. Each Note has a $1,000 principal amount.
The Notes pay a 17.45% per annum contingent coupon only when all three underlyings are at or above 75% of their initial levels on monthly observation dates and are callable by UBS after 6 months. Principal is fully at risk below 60% downside thresholds and all payments depend on UBS’s credit.
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 the State Street Utilities Select Sector SPDR ETF, with a term of about three years and a 10.17% per annum contingent coupon.
Coupons are paid monthly only if each underlying stays at or above its coupon barrier, set at 70% of the initial level for each asset. UBS can call the notes after three months, repaying principal plus any due coupon.
If the notes are not called and any underlying finishes below its downside threshold (also 70% of its initial level), repayment is reduced in line with the loss on the worst-performing underlying, and investors can lose up to all of their $1,000 principal per note. All payments depend on UBS’s credit.
UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the Dow Jones Industrial Average®, the Russell 2000® Index and the Nasdaq-100® Technology Sector, maturing on or about February 25, 2031. The Notes pay an annual contingent coupon of 11.05% only if, on each monthly observation date, the closing level of every index is at or above its coupon barrier, generally set at 75% of its initial level.
UBS may call the Notes monthly after six months; if called, investors receive principal plus any due coupon, with no further payments. At maturity, if the Notes are not called and any index finishes below its downside threshold, generally 60% of its initial level, repayment is reduced one-for-one with the worst index’s decline and investors can lose all principal. The Notes are unsecured, unsubordinated obligations of UBS, with an estimated initial value between $954 and $984 per $1,000 issue price, and will not be listed on any exchange.
UBS AG London Branch is offering capped leveraged buffered medium-term notes linked to an unequally weighted basket of five equity indices in the Eurozone, Japan, the UK, Switzerland and Australia. The notes pay no interest and are scheduled to mature on July 23, 2027.
For each $1,000 face amount, holders get 230.00% of any positive basket return, capped at a maximum settlement amount of $1,204.70, which is reached once the basket rises to 108.90% of its initial level. A 12.50% downside buffer protects principal against moderate declines, but below 87.50% of the initial basket level investors lose about 1.1429% of face value for each additional 1% drop and could lose their entire investment. The aggregate face amount is $19,372,000, the issue price is 100% of face, and the estimated initial value is $998.50 per $1,000, reflecting internal funding and hedging costs. The notes are unsecured obligations of UBS, are not FDIC insured, and may have limited or no secondary market liquidity.
UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the VanEck Gold Miners ETF, the SPDR S&P Regional Banking ETF and the Nasdaq‑100 Technology Sector Index, maturing on or about February 17, 2028.
The Notes pay a high contingent coupon of 18.70% per annum (monthly payments of $15.5833 per $1,000) only when each underlying is at or above its 70% coupon barrier on the observation date. UBS can call the Notes in whole, beginning after three months, paying back principal plus any due coupon, ending all future payments.
If the Notes are not called and each underlying finishes at or above its 60% downside threshold, investors receive full principal at maturity; otherwise, repayment is reduced one‑for‑one with the loss on the worst performer, and investors can lose their entire investment. The Notes are unsecured UBS debt, with an estimated initial value of $946.90–$976.90 per $1,000, and are not exchange‑listed, so liquidity may be limited.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the least performing of three State Street sector ETFs: Energy (XLE), Technology (XLK) and Utilities (XLU). The Notes have a $1,000 denomination and an expected term of about five years, maturing on or about February 21, 2031.
Investors may receive a contingent coupon at a 12.15% per annum rate (monthly coupons of $10.125 per Note) only when the closing level of each ETF is at or above its coupon barrier, set at 62% of its initial level. The Notes are automatically called if, on any monthly observation date after three months, all ETFs are at or above their call threshold level, equal to 100% of their initial levels.
If the Notes are not called and any ETF finishes below its downside threshold (62% of initial), the maturity payment is reduced one‑for‑one with the worst ETF’s decline, up to a total loss of principal. The Notes are unsecured obligations of UBS; repayment depends entirely on UBS’s credit. The estimated initial value is expected between $956.40 and $986.40 per $1,000 Note, reflecting fees, hedging and funding costs embedded in the issue price.
UBS AG is offering market-linked notes that pay back principal and potential upside based on how the South Korean won performs against the U.S. dollar through about February 2031. Each note has a $1,000 face amount and a 1.24 participation rate in any positive currency move.
If the won appreciates versus the dollar, holders receive $1,000 plus the positive percentage change multiplied by 1.24. If the currency is flat or weaker, the maturity payment is limited to $1,000, with no interest over the life of the notes.
The notes are unsecured debt of UBS AG London Branch, so all payments depend on UBS’s credit. They are not listed, may have little or no secondary market, and can be redeemed early if specified disruption events occur. The estimated initial value is between $898.80 and $928.80 per $1,000 note, reflecting dealer discounts, hedging and issuance costs.