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 $2,490,000 of Contingent Income Auto-Callable Securities due February 9, 2029, linked to the common stock of The Home Depot, Inc. Each $1,000 security can pay a $27 contingent coupon (10.80% per annum) on scheduled dates if Home Depot’s closing price is at or above 80% of the $385.15 initial price.
If Home Depot’s stock closes at or above 100% of the initial price on any determination date (other than the final one), the notes are automatically called, returning $1,000 plus the applicable $27 coupon. If the notes are not called and the final stock price is below 80% of the initial price, investors receive a cash amount based on the depressed share price and can lose a significant portion or all of their principal. The notes are unsecured, unsubordinated UBS AG debt, not listed on any exchange, and have an estimated initial value of $969.20 per $1,000 issue price.
UBS AG is offering $6,066,000 of Contingent Income Auto-Callable Securities due February 10, 2028, linked to the worst performer of Apple, Amazon and Alphabet Class A shares. Each $1,000 security can pay a $25 contingent coupon (10.00% per annum) on scheduled dates if all three stocks close at or above 50% of their initial prices.
If on any non-final determination date all three stocks are at or above 100% of their initial prices, the notes are automatically redeemed for $1,000 plus the contingent coupon. At maturity, if not called and all three stocks are at or above their 50% downside thresholds, investors receive $1,000 plus any final coupon. If any stock finishes below its 50% downside threshold, repayment is reduced in line with the worst-performing stock’s return, and the entire principal can be lost. The notes do not participate in any stock upside, pay no dividends, are unsecured obligations of UBS AG and will not be listed on an exchange. The estimated initial value is $949.30 per $1,000 note.
UBS AG is offering $15,083,000 of Contingent Income Auto-Callable Securities with Memory Coupon linked to UnitedHealth Group common stock, maturing February 11, 2027. Each security has a $1,000 stated principal amount and issue price.
Investors may receive a $38.50 contingent payment per $1,000 (15.40% per annum) on each determination date if UnitedHealth’s closing price is at or above the downside threshold of $207.49, equal to 75% of the $276.65 initial price. Missed coupons can be paid later through a memory feature if the threshold is later met.
If on any non-final determination date the stock closes at or above the call threshold of $276.65 (100% of initial price), the notes are automatically redeemed for $1,000 plus the applicable contingent payment and any unpaid past coupons.
If the notes are not called and the final price is below the downside threshold, UBS will deliver a cash value equal to the exchange ratio times the final price, so investors lose principal on a 1:1 basis and can lose their entire investment. Payments depend on the credit of UBS, and the estimated initial value is $973.60 per $1,000, below issue price.
UBS AG, through its London Branch, is offering Trigger Autocallable Yield Notes tied to the worst performer of Moody’s common stock and the State Street Financial Select Sector SPDR ETF. Each Note has a $1,000 principal amount, a term of about two years and pays a fixed 9.00% per annum coupon monthly, regardless of underlying performance, unless called early.
The Notes can be automatically called on monthly observation dates starting after 12 months if both underlyings are at or above their call threshold, set at 100% of initial level. Downside thresholds are 70% of initial levels ($314.63 for Moody’s, $37.76 for XLF). If not called and either final level is below its downside threshold, repayment is reduced in line with the loss on the worst-performing asset, up to a complete loss of principal. The Notes are unsecured, unsubordinated debt of UBS, with estimated initial value between $960.40 and $990.40 per $1,000 and an underwriting discount of $4.00 per Note.
UBS AG London Branch is offering capped leveraged buffered basket-linked medium-term notes due March 10, 2027. The notes are linked to an unequally weighted basket of five equity indices in the Eurozone, Japan, the UK, Switzerland and Australia, with an initial basket level of 100.
The notes pay no interest and are fully principal-at-risk. At maturity, investors receive $1,000 plus 125% of any positive basket return, capped at a maximum settlement amount of $1,162.50 per $1,000 face amount. A 10% buffer protects against moderate declines, but beyond this losses accelerate at about 1.1111% for each additional 1% basket drop, up to total loss.
The offering size is $2,485,000 in aggregate face amount, priced at 100% with a 1.08% underwriting discount and 98.92% net proceeds to UBS. The estimated initial value is $986 per $1,000 note, reflecting internal funding and hedging costs. The notes are unsecured UBS obligations, not FDIC insured, are not redeemable prior to maturity, and are not expected to have a liquid secondary market.
UBS AG is offering capped leveraged medium-term notes linked to the iShares® Expanded Tech-Software Sector ETF. The notes do not pay interest and expose holders to the ETF’s price move over roughly 13–15 months, with 150% participation in gains but a capped maximum payout per $1,000 note.
If the ETF finishes below its initial level, principal is lost one-for-one with the decline, down to a total loss. UBS expects the initial fair value to be between $952 and $982 per $1,000 face amount, reflecting fees, hedging costs and its internal funding rate.
UBS AG is issuing $3,888,000 of Trigger Autocallable Contingent Yield Notes due February 13, 2031, in $1,000 denominations. The notes are linked to the least performing of the SPDR S&P Regional Banking ETF (KRE), the Russell 2000 Index and the S&P 500 Index.
Investors can receive a 12.45% per annum contingent coupon, paid monthly, but only when the closing level of each underlying is at or above 70% of its initial level (the coupon barrier). Starting after six months, the notes are automatically called if all underlyings are at or above 100% of their initial levels, returning principal plus any due coupon.
If the notes are not called and, at maturity, every underlying is at or above its downside threshold (70% of initial), investors receive full principal. If any underlying finishes below its downside threshold, repayment is reduced one-for-one with the worst performer, up to a total loss of principal. Payments depend on UBS’s credit; the notes are unsecured, not insured, and will not be listed. The estimated initial value is $986.90 per $1,000 note, below the issue price, reflecting fees and internal funding costs.
UBS AG, through its London branch, is offering $25,975,000 of Autocallable Buffered Medium-Term Notes linked to the State Street SPDR S&P Metals & Mining ETF (XME), each with a $1,000 face amount and original issue price of 100%.
The notes pay no interest and may be automatically called on July 6, 2027 if the ETF closes at or above the buffer level of 80% of the $122.50 initial level, triggering a July 8, 2027 payment of $1,140.50 per $1,000 note (a 14.05% call premium). If not called, they mature July 10, 2028 with a maximum settlement of $1,281.00 per $1,000 note if the final ETF level is at or above the buffer.
If the final ETF level is below the buffer, investors lose 1.25% of principal for each 1% decline beyond the 20% buffer and could lose their entire investment. The notes are unsecured obligations of UBS, are not listed on any exchange, have an estimated initial value of $973.00 per $1,000, and expose holders to UBS credit risk and ETF- and metals/mining-sector-specific risks.
UBS AG is issuing $2,315,000 of Trigger Callable Contingent Yield Notes linked to the least performing of the Nasdaq-100, Russell 2000 and S&P 500, maturing August 10, 2027.
The notes pay a 13.10% per annum contingent coupon when all three indices stay at or above 70% of their initial levels on monthly observation dates. UBS can call the notes after three months and repay principal plus any due coupon. If the notes are not called and any index finishes below its 70% downside threshold, repayment at maturity is reduced one-for-one with that index’s loss, up to a total loss of principal. The notes are unsecured, unsubordinated UBS debt, not principal protected, not listed, and all payments depend on UBS’s credit.
UBS AG is offering Trigger Callable Contingent Yield Notes linked to the worst performer of the Dow Jones Industrial Average®, Nasdaq‑100 Index® and S&P 500® Index, with a $1,000 denomination and a 7.00% per annum contingent coupon.
Coupons are paid quarterly only if each index is at or above its coupon barrier, set at 70% of its initial level; otherwise no coupon is paid. UBS can call the notes quarterly after 12 months and, if called, repays principal plus any due coupon, with no further payments.
If not called and any index finishes below its downside threshold (also 70% of initial), investors receive less than principal in line with the decline of the worst index and can lose their entire investment. The notes are unsecured UBS debt, not insured deposits, with an estimated initial value between $932.40 and $962.40 per $1,000 and an underwriting discount of $32.50 per note.
UBS AG is offering Trigger Callable Contingent Yield Notes maturing on or about February 22, 2030, linked to the least performing of three ETFs: KRE, SMH and XLE. The notes pay a 17.35% per annum contingent coupon, in monthly installments, only if on each observation date every ETF closes at or above 70% of its initial level.
UBS may call the notes in whole on any monthly observation date beginning after nine months, returning principal plus any due coupon, after which no further payments are made. If the notes are not called and any ETF finishes below 60% of its initial level at maturity, repayment is reduced one-for-one with the worst ETF’s loss, and investors could lose their entire investment. The notes are unsecured obligations of UBS, not FDIC-insured, will not be listed, and have an estimated initial value of $952–$982 per $1,000 issue price due to fees, hedging costs and UBS’ internal funding rate.
UBS AG is offering trigger callable contingent yield notes linked to the Russell 2000 Index and the S&P 500 Index, maturing around February 19, 2031. The notes pay a contingent coupon at a 9.00% per annum rate (about $7.50 per $1,000 note monthly) only when both indices close at or above their coupon barriers, set at 70% of initial levels.
UBS can call the notes in whole on any monthly observation date after six months, paying back principal plus any due coupon, after which no further payments are made. If the notes are not called and either index finishes below its 60% downside threshold, investors take a loss matching the negative return of the worst-performing index and can lose their entire principal.
The notes are unsecured obligations of UBS AG, not deposits, and carry full issuer credit risk. They will not be listed on any exchange. The estimated initial value is expected between $960.90 and $990.90 per $1,000 note, reflecting underwriting discounts and internal funding assumptions.
UBS AG is offering Trigger Callable Contingent Yield Notes due around February 19, 2030, linked to the worst performer of the S&P 500 Index, Russell 2000 Index and Nasdaq-100 Technology Sector index. The Notes pay an 8.10% per annum contingent coupon only if, on a monthly observation date, all three indices close at or above their respective coupon barriers, set at 70% of their initial levels. UBS can redeem the Notes early, in whole, on any monthly observation date after 12 months, returning principal plus any due coupon, after which no further payments are made.
If the Notes are not called and, on the final valuation date, all three indices are at or above their downside thresholds (also 70% of initial levels), investors receive their $1,000 principal per Note plus the final contingent coupon. If any index finishes below its downside threshold, the maturity payment is reduced in line with the worst index’s percentage loss, and investors can lose some or all of their principal. The estimated initial value is expected between $926 and $956 per $1,000 Note, reflecting dealer compensation and hedging costs. The Notes are unsecured UBS debt, not FDIC-insured, and will not be listed on an exchange.
UBS AG is offering Buffer Autocallable Contingent Yield Notes linked to the worst performer of the Russell 2000 Index and the Utilities Select Sector SPDR ETF (XLU). Each Note has a $1,000 denomination and a term of about five years, maturing on or about February 21, 2031.
The Notes pay a 6.50% per annum contingent coupon, evaluated monthly, but only if both underlying assets close at or above their coupon barriers (set at 78.85% of initial levels). UBS will automatically call the Notes, beginning after 12 months, if both assets are at or above 100% of their initial levels, returning principal plus the applicable coupon.
If the Notes are not called and each underlying finishes at or above its downside threshold (set at 85% of its initial level), investors receive full principal at maturity. If any underlying finishes below its downside threshold, repayment is reduced according to the loss on the least performing asset beyond a 15% buffer, and investors can lose most or nearly all of their investment. Payments depend on UBS’s credit, the Notes will not be listed, and the estimated initial value is expected between $918.30 and $948.30 per $1,000 issue price.
UBS AG is offering Phoenix Autocallable Buffer Notes with Memory Interest linked to the common stock of Microsoft Corporation, each with a $1,000 principal amount and a scheduled maturity around March 3, 2027.
These notes can pay a fixed contingent interest of at least $41.40 per quarter per Note if Microsoft’s closing price on an interest observation date is at or above a barrier set at 90% of the initial price. Missed coupons can be “remembered” and paid later if the barrier is met on a future observation date.
The notes are automatically called if Microsoft closes at or above the initial price on any autocall observation date, returning principal plus due and previously unpaid contingent interest. If not called and Microsoft is at or above the downside threshold (also 90% of the initial price) at maturity, investors receive principal plus any due and unpaid coupons.
If the notes are not called and Microsoft finishes below the downside threshold, investors receive a cash amount tied to a share-delivery formula, which can be far below principal and could approach a total loss. All payments depend on the creditworthiness of UBS AG, and the estimated initial value per Note is expected to be between $957.70 and $987.70, below the $1,000 issue price.
UBS AG is offering Buffer Autocallable Contingent Yield Notes linked to the worst performer of the Nasdaq‑100 Index and Russell 2000 Index, maturing around February 21, 2031. Each Note has a $1,000 principal amount and a contingent coupon rate of 6.50% per annum, paid monthly only when both indices close at or above their coupon barriers.
The Notes can be automatically called monthly starting after 12 months if both indices are at or above their call thresholds, in which case investors receive principal plus the applicable coupon and the product terminates early. If not called and both final index levels are at or above their downside thresholds (79.15% of initial, implying a 15% buffer), investors receive full principal at maturity.
If the Notes are not called and either index finishes below its downside threshold, repayment is reduced in line with the loss of the worst-performing index beyond the 15% buffer, and investors can lose almost all of their investment. The Notes are unsecured, unsubordinated debt of UBS, not listed on any exchange, and all payments depend on UBS’s credit. The estimated initial value per $1,000 Note is expected to be between $926.30 and $956.30 due to fees, hedging costs and UBS’s internal funding rate.
UBS AG is offering Phoenix Autocallable Buffer Notes with Memory Interest linked to the common stock of Capital One Financial Corporation, maturing around March 3, 2027. Each Note has a $1,000 principal amount and pays a fixed contingent interest of at least $40.775 per quarter if Capital One’s share price is at or above an interest barrier set at 85% of the initial price.
The Notes may be called early if Capital One’s stock closes at or above the initial price on quarterly autocall dates, returning principal plus due and previously unpaid interest. If not called and the final stock price is at or above the downside threshold (also 85% of the initial price), investors receive full principal back plus any contingent interest. If the final price is below the downside threshold, investors receive a cash amount based on a share formula that falls about 1.1765% for every 1% the stock finishes below the threshold, creating potential for substantial or total loss of principal. Payments depend on UBS’s credit, and the estimated initial value per $1,000 Note is between $957.90 and $987.90, reflecting fees and hedging costs.
UBS AG is offering $6,039,000 of Trigger Callable Contingent Yield Notes due February 14, 2029, linked to the worst performer among three references: the SPDR S&P Regional Banking ETF (KRE), Nasdaq-100 Technology Sector Index (NDXT) and Utilities Select Sector SPDR ETF (XLU).
The Notes pay a 13.75% per annum contingent coupon (about $11.4583 per $1,000 monthly) only if on each observation date all three underlyings are at or above their coupon barriers, set at 70% of initial levels. UBS can call the Notes in whole on any monthly observation date starting after six months, repaying principal plus any due coupon.
If the Notes are not called and, at maturity, each underlying is at or above its downside threshold (60% of initial level), holders receive full principal. If any underlying finishes below its downside threshold, repayment is reduced in line with the worst-performing underlying’s percentage decline, up to a total loss of principal. The Notes are unsecured obligations of UBS, not listed on any exchange, and carry UBS credit risk. The estimated initial value is $986.20 per $1,000 Note, reflecting underwriting and hedging costs.
UBS AG is offering $844,000 of Trigger Autocallable Contingent Yield Notes with Memory Interest linked to Expedia Group common stock, maturing in February 2029. The notes pay a 14.50% per annum contingent coupon when Expedia’s share price stays at or above a set barrier on quarterly observation dates.
The notes may be automatically called after six months if Expedia’s stock closes at or above the initial level, returning principal plus due and previously unpaid coupons. If not called and Expedia’s final stock level is at or above 60% of the initial level, investors receive principal back; below 60%, repayment is reduced one-for-one with the stock’s decline, and all principal can be lost.
The notes are unsubordinated, unsecured UBS debt, are not listed on any exchange, offer no participation in stock upside or dividends, and all payments depend on UBS’s creditworthiness and complex tax treatment.
UBS AG is offering $1,379,000 of Trigger 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 January 13, 2028.
The Notes pay a contingent coupon at a rate of 12.10% per annum ($10.0833 per $1,000 note per period) only if, on each monthly observation date, all three indexes close at or above their coupon barriers, set at 70.00% of initial levels (which also serve as downside thresholds).
UBS can call the Notes in whole on any observation date beginning after three months, returning principal plus any due coupon, ending further payments. If not called and any index finishes below its downside threshold, repayment is reduced in line with the worst index’s loss, up to total loss of principal. The Notes are unsecured obligations of UBS, will not be listed, and have an estimated initial value of $976.40 per $1,000, reflecting fees, hedging costs and UBS’ internal funding rate.
UBS AG is offering buffer callable contingent yield notes linked to the worst performer of the Nasdaq-100 Technology Sector Index, the Russell 2000 Index and the S&P 500 Index, maturing in February 2029. Investors receive a quarterly contingent coupon only if all three indexes stay 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 the notes are not called and any index finishes below its 70% downside threshold, repayment is reduced based on that index’s loss beyond a 30% buffer, and investors can lose almost all principal. All payments depend on UBS’s credit.
UBS AG is offering $240,000 of Trigger Autocallable Contingent Yield Notes with Memory Interest linked to Expedia Group, Inc. stock, maturing February 9, 2029. Each $1,000 Note pays a 13.00% per annum contingent coupon ($32.50 quarterly) only when Expedia’s closing price is at or above a 60% coupon barrier.
The Notes can be called quarterly after six months if Expedia closes at or above the initial level of $236.85, returning principal plus due and previously unpaid coupons. If not called and Expedia is below the $142.11 downside threshold at maturity, investors lose principal in line with the share decline and could lose their entire investment. All payments depend on UBS’s creditworthiness, and the estimated initial value of each Note is $960.60, below the $1,000 issue price.
UBS AG is offering $200,000 of Trigger Autocallable Contingent Yield Notes linked to the Solactive U.S. Large Cap Volatility Navigator 40 Index, maturing February 11, 2031. These unsecured notes pay a 14.50% per annum contingent coupon only when the index is at or above the coupon barrier on monthly observation dates.
The notes can be automatically called after six months if the index is at or above the call threshold level of 281.44, in which case investors receive principal plus the applicable coupon and the product terminates early. If not called and the final index level is at or above the downside threshold of 140.72, investors receive full principal; if it is below that level, repayment is reduced in line with the index loss and can fall to zero.
The index embeds a 6.0% per annum decrement and can use leverage up to 500%, which may drag on performance and increase volatility. The estimated initial value is $955.20 per $1,000 note, reflecting fees and UBS’ internal funding rate. The notes are not listed, may have limited liquidity, and all payments depend on the creditworthiness of UBS.
UBS AG is offering $1,251,000 of Trigger Autocallable Yield Notes, each with a $1,000 principal amount, linked to the worst performer between Northrop Grumman (NOC) stock and the Industrial Select Sector SPDR ETF (XLI). The Notes pay a fixed coupon at 8.25% per annum, or $6.875 per month per Note, regardless of underlying performance unless the Notes are called early.
Starting about 12 months after issuance, the Notes are automatically called if on any monthly observation date both NOC and XLI close at or above their call threshold, set at 100% of initial levels ($689.75 for NOC and $169.39 for XLI). If called, investors receive principal plus the scheduled coupon and no further payments.
If not called and, at maturity in February 2028, both underlyings are at or above their downside thresholds (60% of initial levels), investors receive full principal back plus the final coupon. If any underlying finishes below its downside threshold, repayment is reduced 1‑for‑1 with the loss on the least performing underlying, and investors can lose all principal. All payments depend on UBS’s credit and the Notes will not be listed on an exchange.
UBS AG is offering $400,000 of Trigger Autocallable Contingent Yield Notes linked to the iShares® Expanded Tech-Software Sector ETF, maturing February 11, 2027. Each Note has a $10 principal amount and can pay a high contingent coupon of 16.42% per annum, but only on dates when the ETF closes at or above a preset coupon barrier.
The Notes can be called early if the ETF closes at or above its initial level on an observation date; in that case, investors receive $10 per Note plus the applicable contingent coupon, and the Notes terminate. If not called, and the final ETF level is at or above the downside threshold (85% of the initial level, or $85.00 in the example), investors receive full principal back at maturity, plus any final contingent coupon if the coupon barrier is met.
If the Notes are not called and the final ETF level is below the downside threshold, repayment is reduced in line with the ETF’s percentage loss, and investors can lose most or all of their investment. Payments depend on UBS’s creditworthiness, the Notes are not insured, not listed on an exchange, and the estimated initial value is $9.76 per $10 Note.
UBS AG is offering $320,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Constellation Energy Corporation, maturing on February 11, 2027.
The Notes are unsecured debt of UBS. Investors receive contingent coupons only when the underlying stock closes at or above a preset coupon barrier on an observation date. The Notes are automatically called if the stock closes at or above its initial level on any observation date before maturity, paying back principal plus any due coupon.
If not called, principal is repaid at maturity only if the final stock level is at or above a downside threshold; otherwise repayment is reduced in line with the stock’s decline and can fall to zero. Payments depend on UBS’s credit. The Notes are not exchange-listed, are sold in $10 denominations with a $1,000 minimum, and have an estimated initial value of $9.79 per Note.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the iShares® Expanded Tech-Software Sector ETF, maturing on or about February 11, 2027. These unsecured debt notes pay contingent coupons only when the ETF closes at or above a preset coupon barrier on observation dates.
The notes can be automatically called early if the ETF closes at or above the initial level on any observation date before maturity, in which case investors receive the $10 principal per Note plus any due coupon and no further payments. If not called and the final ETF level is at or above the downside threshold, investors receive principal back; if it is below, repayment is reduced in line with the ETF’s decline and can fall to zero.
The minimum investment is 100 Notes at $10 each. The estimated initial value per Note on the trade date is expected to be between $9.39 and $9.64, reflecting UBS internal pricing and funding. 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 Constellation Energy Corporation, maturing on or about February 11, 2027. These unsecured debt notes pay contingent coupons only when the stock closes at or above a preset coupon barrier on observation dates.
If on any observation date before maturity the stock closes at or above its initial level, the notes are automatically called and pay back principal plus the applicable contingent coupon, with no further payments. If not called and the final stock level is at or above a downside threshold, investors receive only their principal at maturity.
If the notes are not called and the final stock level falls below the downside threshold, repayment is reduced in line with the stock’s percentage loss, and investors can lose their entire investment. All payments depend on UBS’s credit. The notes will not be listed, require a minimum of 100 notes at $10 each, and have an estimated initial value between $9.43 and $9.68 per note.
UBS AG is offering $255,000 Trigger Autocallable Contingent Yield Notes linked to the common stock of CrowdStrike Holdings, Inc., maturing on February 12, 2029. Each Note has a $10 principal amount, with a minimum investment of 100 Notes ($1,000).
The Notes pay a 12.89% per annum contingent coupon (about $0.3223 per quarter per $10 Note) only when CrowdStrike’s closing level is at or above the coupon barrier of 50% of the initial level. They are automatically called if, on any observation date before maturity, the stock closes at or above the initial level, returning principal plus that period’s coupon.
If not called, and the final stock level is at or above the 50% downside threshold, investors receive back their full $10 principal per Note (plus any final coupon if the barrier is met). If the final level is below the downside threshold, repayment is reduced dollar-for-dollar with the stock’s percentage loss, and investors can lose their entire investment. Payments depend on the creditworthiness of UBS; the Notes are unsecured, unsubordinated obligations, unlisted, and their estimated initial value is $9.72 per $10 Note.
UBS AG is offering $300,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Amazon.com, Inc., maturing on February 11, 2027. Each Note has a $10 principal amount and is an unsubordinated, unsecured debt obligation of UBS.
Investors receive a contingent coupon only if Amazon’s closing share price on an observation date is at or above a preset coupon barrier; otherwise no coupon is paid for that period. The Notes are automatically called early if the share price on any observation date before maturity is at or above the initial level, in which case investors receive principal plus the applicable coupon and no further payments.
If the Notes are not called and Amazon’s final share price on the February 9, 2027 valuation date is at or above a downside threshold, investors receive only their $10 principal per Note (plus any final coupon if the coupon barrier is also met). If the final share price is below the downside threshold, repayment is reduced in line with the share price decline, and investors can lose all of their initial investment. All payments depend on UBS’s credit; the estimated initial value is $9.79 per $10 Note.
UBS AG is offering unsecured Trigger Autocallable Contingent Yield Notes linked to CrowdStrike Holdings common stock, maturing around February 12, 2029. These notes pay a contingent coupon only on observation dates when the CrowdStrike share price closes at or above a specified coupon barrier.
The notes are automatically 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 principal plus any due coupon and the notes terminate. If not called and the final share level is at or above a downside threshold, principal is repaid at maturity; if below that threshold, repayment is reduced in line with the share’s percentage decline, and the entire investment can be lost. Payments depend on UBS’s credit, the notes are not listed, require a minimum $1,000 investment, and the estimated initial value per $10 note is expected between $9.37 and $9.62.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Amazon.com, Inc., maturing on or about February 11, 2027. Each Note has a $10 principal amount and pays a contingent coupon only when Amazon’s closing level is at or above a set coupon barrier on an observation date.
The Notes can be automatically called early if Amazon’s stock closes at or above the initial level on any observation date, in which case investors receive principal plus the applicable contingent coupon and no further payments. If not called and the final level is below the downside threshold, repayment is reduced one-for-one with Amazon’s decline, and investors can lose all of their initial investment.
The minimum investment is 100 Notes ($1,000). The estimated initial value per Note on the trade date is expected to be between $9.43 and $9.68, based on UBS’ internal models. Payments depend entirely on Amazon’s stock performance and the creditworthiness of UBS, and the Notes will not be listed on any exchange.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Amazon.com common stock, maturing on February 11, 2027. The Notes pay a contingent coupon only when Amazon’s closing share price on an observation date is at or above a preset coupon barrier; otherwise no coupon is paid for that period.
The Notes can be called early if Amazon’s share price on any observation date before maturity is at or above the initial level. In that case, investors receive the $10 principal per Note plus the applicable coupon on the call settlement date, and the Notes terminate.
If not called, and the final share price on the February 9, 2027 valuation date is at or above the downside threshold, investors receive full principal back (and a final coupon if the coupon barrier is met). If the final price is below the downside threshold, repayment is reduced in line with the stock’s percentage loss, and investors can lose all principal. The Notes are unsecured UBS debt, not listed on an exchange, have an estimated initial value of $9.73 per $10, and carry both equity market and UBS credit risk.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Amazon.com, Inc. The Notes are unsecured, unsubordinated debt of UBS and pay contingent coupons only when Amazon’s closing share price on an observation date is at or above a preset coupon barrier.
The Notes can be called early if Amazon’s share price on any observation date before final valuation is at or above the initial level, in which case investors receive principal plus the applicable contingent coupon and the Notes terminate. If not called, and Amazon’s final level is at or above the downside threshold, investors receive full principal at maturity, possibly with a final contingent coupon. If the final level is below the downside threshold, repayment is reduced in line with Amazon’s percentage decline, and investors can lose all of their initial 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 on the trade date is expected to be between $9.43 and $9.68 per Note.
UBS AG is offering Trigger Autocallable GEARS, unsecured notes linked to Amazon.com, Inc. common stock, maturing around February 15, 2029, at $10 per Security. The notes can be automatically called on February 22, 2027 if Amazon’s closing price is at or above the autocall barrier set at 100% of the initial level, paying a fixed call price of $11.88, which reflects an 18.80% call return.
If not called, at maturity investors receive enhanced participation in gains: positive stock performance is multiplied by upside gearing of 1.30–1.50. If the final level is at or above a downside threshold of 75% of the initial level, principal is repaid. If the final level is below that threshold, repayment is reduced one-for-one with the stock loss, up to a total loss of principal.
The notes pay no interest, do not pass through Amazon dividends, are not listed on an exchange, and may have limited or no secondary market. All payments depend on the creditworthiness of UBS; a UBS default or Swiss regulatory action could result in loss of some or all invested principal. The estimated initial value on the trade date is expected between $9.42 and $9.72, below the $10 issue price due to fees, funding and hedging costs.
UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the Dow Jones Industrial Average, Russell 2000 Index and Nasdaq-100 Technology Sector, maturing around February 16, 2029. Each $1,000 note pays a contingent coupon of 10.85% per annum only when all three indices close at or above their coupon barriers on scheduled observation dates.
UBS can call the notes monthly after six months, repaying principal plus any coupon then due, ending further payments. If the notes are not called and any index finishes below its downside threshold at maturity, investors receive less than principal in proportion to the worst index’s decline and can lose their entire investment. An estimated initial value between $959.20 and $989.20 per note reflects underwriting discounts, hedging and UBS’s internal funding rate. All payments depend on UBS’s creditworthiness, and the notes will not be listed on an exchange.
UBS AG is issuing $2.042 million of Phoenix Autocallable Buffer Notes with Memory Interest linked to Apple Inc. common stock, maturing February 24, 2027. Each Note has a $1,000 principal amount and is an unsubordinated, unsecured debt obligation of UBS AG London Branch.
Investors can receive a fixed contingent interest payment of $34.625 per Note on quarterly observation dates if Apple’s closing price is at or above the interest barrier of $250.31, which is 90% of the $278.12 initial price. Missed coupons may be paid later under a memory feature if the barrier is met on a subsequent observation date.
The Notes are automatically called if Apple’s price on any autocall observation date is at or above the initial price, returning principal plus due and previously unpaid contingent interest. If not called and Apple’s final price is at or above the 90% downside threshold, principal is repaid at maturity with any due and previously unpaid contingent interest.
If the Notes are not called and Apple’s final price is below the downside threshold, repayment is based on a cash amount tied to a share delivery formula, causing losses that can reach 100% of principal. The estimated initial value is $988.10 per $1,000 Note, they will not be listed, and all payments depend on UBS’s creditworthiness.
UBS AG is offering $7,374,000 of Capped Buffer GEARS, unsecured notes linked to the S&P 500® Index, maturing on August 11, 2027. Each $1,000 Security provides 1.50x leveraged exposure to positive index performance, but gains are capped at a 14.75% maximum, or $1,147.50 per Security.
If the index is flat or down but no more than 15% below the initial level of 6,932.30, investors receive back the $1,000 principal at maturity. Below the downside threshold of 5,892.46 (85% of the initial level), losses mirror index declines beyond the 15% buffer, and investors could lose almost all of their investment.
The Securities pay no interest, are not listed on an exchange, and secondary market liquidity may be limited. Any payment depends on UBS’s credit; a default could result in total loss. The estimated initial value is $990.20 per Security, below the $1,000 issue price, reflecting dealer compensation, hedging, and issuance costs.
UBS AG is offering trigger autocallable structured notes linked to the worst performer of the Russell 2000® Index and the EURO STOXX 50® Index, maturing around February 11, 2031. Each $1,000 Note can be automatically called monthly, starting about six months after issuance, if both indices close at or above 100% of their initial levels. In that case, investors receive the principal plus a call return based on an 11.25% per annum call return rate, with the call price increasing the longer the Notes remain outstanding.
If the Notes are not called and, on the final valuation date, both indices are at or above 75% of their initial levels, investors receive only their $1,000 principal back with no additional return. If at least one index finishes below 75% of its initial level, repayment is reduced dollar-for-dollar with the decline of the worst-performing index, and investors can lose up to their entire investment. The Notes pay no interest or dividends, are unsecured obligations of UBS, and all payments depend on UBS’s credit. The preliminary estimated initial value per Note is expected to be between $935.30 and $965.30, reflecting underwriting and hedging costs.
UBS AG is offering $2,664,000 of Capped Leveraged Buffered S&P 500® Index‑Linked Medium‑Term Notes due April 12, 2028. These unsecured notes pay no interest and repay an amount at maturity based on S&P 500® Index performance between February 5, 2026 and April 10, 2028.
For each $1,000 note, investors get 160% of any index gain, capped at a maximum settlement of $1,250.40, which corresponds to a cap level of 115.65% of the initial index level of 6,798.40. A 15% downside buffer applies: full principal is returned if the index is at or above 85% of its initial level; below that, losses accelerate at approximately 117.65% of index declines beyond the buffer and can reach a total loss.
The notes are not listed, may have limited or no secondary market, and expose holders to UBS credit risk. The estimated initial value is $997.50 per $1,000 face amount, reflecting internal funding and hedging costs. The offering includes detailed U.S. tax, FATCA and Section 871(m) discussions that may affect after‑tax returns, especially for non‑U.S. investors.
UBS AG is issuing $5,138,000 of Trigger 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 January 11, 2028.
The Notes pay a contingent coupon of 12.00% per annum ($10 per $1,000 monthly) only if, on an observation date, the closing level of each index is at or above its coupon barrier, set at 70% of the initial level for all three indices. UBS can call the Notes on any monthly observation date starting after three months, returning principal plus any due coupon, ending all further payments.
If the Notes are not called and, at maturity, every index is at or above its 70% downside threshold, investors receive full principal back (plus any final coupon if all are above the barriers). If any index finishes below its downside threshold, repayment is reduced one‑for‑one with the negative return of the worst‑performing index, and the entire investment can be lost.
The Notes are unsecured obligations of UBS AG, are not bank deposits, will not be listed on an exchange, and carry UBS credit risk. The estimated initial value is $970.60 per $1,000 Note, below the issue price, reflecting underwriting compensation, hedging and issuance costs.
UBS AG is offering $1,456,000 of Trigger Autocallable Notes linked to the least performing of Arista Networks, Moderna and Micron common stock, issued in $1,000 denominations and maturing on February 9, 2029.
The notes can be automatically called monthly after 12 months if, on any observation date, each stock’s closing level is at or above its call threshold (100% of its initial level). If called, investors receive principal plus a fixed call return based on a high 73.85% per annum call return rate, with the call price increasing the longer the notes remain outstanding.
If the notes are not called and each stock finishes at or above its downside threshold (60% of its initial level), investors receive only their $1,000 principal at maturity. If any stock ends below its downside threshold, repayment is reduced one-for-one with the worst performer’s decline, and investors can lose all principal.
The notes pay no interest or dividends, are not listed on an exchange, and secondary liquidity may be limited. Any payment depends on UBS’s credit, and the estimated initial value of each note is $998.60, below the $1,000 issue price due to internal funding and fee components.
UBS AG is offering $45,000,000 of Airbag Callable Contingent Yield Notes due February 8, 2029, linked to the worst performer of the Russell 2000 Index, the S&P 500 Index and the Utilities Select Sector SPDR ETF.
The Notes pay a contingent coupon only if all three underlyings stay at or above step-down coupon barriers set at 85% of initial levels on the first observation date, 80% on the second, and 75% thereafter, including at maturity. The indicative contingent coupon rate is 11.10% per annum, or $9.25 per $1,000 Note per period when conditions are met.
UBS can call the Notes in whole on any monthly observation date starting after two months, paying principal plus any due coupon, ending all future payments. If not called and any underlying finishes below 75% of its initial level, principal repayment is reduced on a leveraged basis: investors lose about 1.3333% of principal for each 1% decline beyond the 25% threshold, up to a total loss.
The Notes are unsecured debt of UBS, not insured or exchange-listed. All payments depend on UBS’s credit, and investors may receive few or no coupons and could lose some or all of their investment.
UBS AG is offering Trigger Callable Contingent Yield Notes maturing around February 19, 2030, linked to the least performing of the Russell 2000 Index, S&P 500 Index and Utilities Select Sector SPDR ETF.
The notes pay a 10.10% per annum contingent coupon only when all three underlyings are at or above 70% of their initial levels on monthly observation dates and at maturity. UBS can call the notes after three months, repaying principal plus any due coupon. If not called and any underlying finishes below 60% of its initial level, repayment is reduced one-for-one with that worst performer, up to total loss of principal. All payments depend on UBS’s credit.
UBS AG is offering $3,092,000 of Trigger Callable Contingent Yield Notes linked to the worst performer among a tech index, the Russell 2000®, and two sector ETFs. The notes pay a 12.75% per annum contingent coupon only when all underlyings stay above 70% of their initial levels.
UBS can call the notes monthly after about three months, returning principal plus any due coupon and ending future payments. If not called and any underlying finishes below 60% of its initial level, repayment is reduced one-for-one with that decline, up to a total loss of principal. All payments depend on UBS’s credit.
UBS AG is offering $5,459,800 of Step Down Trigger Autocallable Notes linked to the least performing of the Russell 2000 Index and the S&P 500 Index, maturing February 9, 2029.
The Notes may be automatically called quarterly, beginning after 12 months, if both indices are at or above their call threshold levels. The call return rate is 9.10% per annum, with the call price increasing the longer the Notes remain outstanding.
If the Notes are not called and at least one index finishes below its downside threshold, set at 75.00% of its initial level, investors lose principal in line with the least performing index and could lose their entire investment. The Notes pay no interest or dividends, are unsecured obligations of UBS, are not listed on any exchange, and their estimated initial value of $9.574 is below the $10 issue price.
UBS AG is offering $850,000 of Trigger Autocallable Contingent Yield Notes with Memory Interest linked to the iShares® Expanded Tech-Software Sector ETF (IGV), maturing February 11, 2027. Each Note has a $1,000 principal amount and pays a 10.07% per annum contingent coupon ($25.175 quarterly) only if IGV’s closing level is at or above the $49.48 coupon barrier on each observation date.
The Notes can be called automatically after six months if IGV is at or above the $82.46 call threshold (100% of the initial level). If called, investors receive principal plus due and previously unpaid coupons. If not called and IGV is at or above the $49.48 downside threshold at final valuation, principal is repaid in cash.
If IGV finishes below the downside threshold, holders receive 12.1271 IGV shares per Note (plus cash for any fraction), expected to be worth significantly less than $1,000, exposing them to a substantial or total loss. Payments depend on UBS’s credit, the Notes are not listed, and the estimated initial value is $980.50 per Note, below the $1,000 issue price.
UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the Russell 2000® Index and the S&P 500® Index, maturing around February 19, 2031. Each Note has a $1,000 principal amount and pays a contingent coupon of 9.60% per annum, or $8.00 per month, but only when both indices close at or above their coupon barriers of 70% of initial level on the monthly observation dates.
UBS can call the Notes in whole, beginning after three months, on any observation date. If called, holders receive principal plus any due coupon, and no further payments. If the Notes are not called and, at maturity, both indices finish at or above their downside thresholds of 60% of initial level, investors receive full principal back. If any index finishes below its downside threshold, repayment is reduced dollar-for-dollar with the negative return of the worst index, and investors can lose their entire investment.
The Notes are unsecured debt of UBS, not deposits, and are subject to UBS credit risk. They will not be listed on an exchange, may have limited secondary liquidity, and their estimated initial value (driven by UBS’ internal models) is expected between $961.70 and $991.70 per $1,000 Note, below the issue price because of fees, hedging costs and UBS’ funding rate.
UBS AG is issuing $1,437,000 of Trigger Autocallable Notes linked to the worst performer among Capital One, Interactive Brokers and Marvell, maturing February 9, 2029. Each Note has a $1,000 principal amount and pays no interest or dividends.
The Notes can be automatically called monthly after 12 months if all three stocks are at or above their call threshold levels, set at 100.00% of initial levels. If called, investors receive principal plus a call return based on a 43.30% per annum call return rate, with higher payouts the longer the Notes remain outstanding.
If the Notes are not called and, at maturity, all three stocks are at or above 60.00% of their initial levels, investors receive their $1,000 principal back. If any stock finishes below its 60.00% downside threshold, repayment is reduced in line with the loss on the worst-performing stock and can fall to zero. All payments depend on UBS’s creditworthiness because the Notes are unsubordinated, unsecured debt and will not be listed on an exchange.
UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the Dow Jones Industrial Average®, Nasdaq-100® Technology Sector and Russell 2000® Index. The notes target a 10.25% per annum contingent coupon, paid monthly when every index is at or above its coupon barrier.
The notes mature around February 25, 2028 and can be called quarterly at UBS’s discretion at par plus any due coupon. Principal is protected only if the notes are not called and each index finishes at or above its downside threshold, set at 60% of its initial level. If any index ends below its downside threshold, repayment is reduced one‑for‑one with the worst index’s loss, up to total loss of principal. The notes are unsecured obligations of UBS with an issue price of $1,000, estimated initial value between $956.60 and $986.60, a $6.50 per-note underwriting discount, and will not be listed on an exchange.