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 $10,211,000 of Buffered Digital Notes linked to the S&P 500® Index, maturing on February 24, 2027. Each $1,000 Note pays no interest and offers a fixed 8.26% digital return if the index final level stays at or above the downside threshold of 6,239.07, which is 90% of the 6,932.30 initial level.
If the index closes below that threshold at maturity, repayment falls below principal, with losses of about 1.1111% of principal for every 1% S&P 500 decline beyond the 10% buffer, up to total loss. The Notes are unsecured UBS AG London Branch obligations, not listed on an exchange, and have an estimated initial value of $988 per $1,000 issue price.
UBS AG is issuing $8,336,000 of Buffered Digital Notes linked to the S&P 500® Index, maturing on February 23, 2027. Each $1,000 note offers a fixed 8.65% digital return at maturity if the index’s final level is at or above the downside threshold of 6,118.56 (90% of the 6,798.40 initial level).
If the index finishes below the downside threshold, investors lose principal with downside leverage: approximately 1.1111% loss for each 1% index decline beyond the 10% buffer, up to a total loss. The notes pay no interest, do not include dividends, have limited or no secondary liquidity, and all payments depend on the creditworthiness of UBS AG.
UBS AG London Branch is offering Digital S&P 500® Index‑Linked Medium‑Term Notes due May 10, 2028. Each note has a $1,000 face amount, bears no interest, and pays at maturity based on S&P 500 performance from February 5, 2026 to May 8, 2028.
If the index finishes at or above the 15% downside buffer (85% of the 6,798.40 initial level), investors receive a per $1,000, capping upside at 18.8%. Below the buffer, principal loss increases about 1.1765% for every 1% further index decline, up to total loss.
The notes’ estimated initial value is $997.50 per $1,000, reflecting UBS internal pricing. They are unsecured obligations of UBS, not FDIC‑insured, not redeemable before maturity, and are not listed, so secondary market liquidity may be limited.
UBS AG is offering $1,875,000 of Buffered Digital Notes linked to the S&P 500® Index, maturing April 9, 2027. Each $1,000 Note pays no interest but can deliver a fixed 9.56% digital return at maturity if the index finish level is at or above a downside threshold set at 90% of the initial level (6,239.07). If the index closes below that threshold, principal is at risk with leveraged losses of about 1.1111% for every 1% decline beyond the 10% buffer, up to a total loss of the investment. The Notes are unsecured UBS debt, subject to UBS credit risk, will not be listed on an exchange, and had an estimated initial value of $987 per $1,000 issue price. Minimum investment is 10 Notes, or $10,000.
UBS AG is offering $1,750,000 of Trigger Callable Contingent Yield Notes linked to the least performing of the Russell 2000® Index and the S&P 500® Index, maturing on February 11, 2031.
The Notes pay a 9.55% per annum contingent coupon (about $7.96 per $1,000 monthly) only if, on each observation date, both indexes close at or above their coupon barriers, set at 70% of initial levels. Principal is protected at maturity only if both final index levels stay at or above their downside thresholds, set at 60% of initial levels; otherwise, repayment is reduced one-for-one with the loss of the worst index, and all principal can be lost.
UBS may call the Notes in whole on any monthly observation date after three months, returning principal plus any due coupon, ending future payments. The estimated initial value is $971.80 per $1,000 Note, below issue price, and all payments depend on UBS’s creditworthiness.
UBS AG is offering $3,202,000 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. Each note has a $1,000 principal amount and a term of about three years, maturing on February 9, 2029, and is callable by UBS on monthly observation dates beginning after six months.
The notes pay a contingent coupon at a rate of 9.70% per annum ($8.0833 per month per $1,000) only if on an observation date all three indices close at or above their coupon barriers, set at 70% of initial levels. If UBS calls, investors receive principal plus any due coupon. At maturity, if not called and all indices are at or above 60% downside thresholds, investors receive full principal; otherwise repayment is reduced in line with the worst index’s negative return, and losses can reach 100% of principal.
The notes are unsecured, unsubordinated UBS obligations, not insured deposits, and will not be listed on an exchange. The estimated initial value is $960.00 per $1,000 note, reflecting underwriting discounts, hedging and funding costs. The product concentrates risk in technology and small-cap equities and carries complex return, liquidity, credit and tax considerations.
UBS AG is offering $1,300,000 of Trigger Callable Contingent Yield Notes, each with a $1,000 principal amount, linked to the least performing of the Russell 2000 Index, the S&P 500 Index and the State Street Utilities Select Sector SPDR ETF, maturing February 11, 2030.
The notes pay a contingent coupon of 10.35% per annum (monthly $8.625 per note) 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, beginning after six months, paying principal plus any due coupon and ending further payments.
If the notes are not called and any underlying finishes below its downside threshold set at 60% of its initial level, investors receive $1,000 multiplied by 1 plus the return of the worst-performing underlying, which can mean a substantial or total loss of principal. The notes are unsecured obligations of UBS and all payments depend on UBS’s creditworthiness.
UBS AG is offering $1,495,000 of Trigger Callable Contingent Yield Notes, each $1,000, linked to the least performing of the Russell 2000 Index, the S&P 500 Index and the Utilities Select Sector SPDR ETF, maturing on February 11, 2031.
The notes pay a 10.20% per annum contingent coupon ($8.50 per month) only if on a monthly observation date all three underlyings are at or above their coupon barriers set at 70% of initial levels. UBS may call the notes at its discretion after six months, returning principal plus any due coupon.
If the notes are not called and any underlying finishes below its downside threshold at 60% of initial level, investors lose principal one-for-one with the worst performer and can lose their entire investment. All payments depend on UBS’s credit, and the estimated initial value is $990 per $1,000 note.
UBS AG is offering $1,439,000 of Trigger Callable Contingent Yield Notes linked to the worst performer among four equity benchmarks. The notes pay a 14.15% per annum contingent coupon, monthly, only if each underlying stays at or above 70% of its initial level.
UBS can call the notes on any monthly observation date after three months, returning principal plus any due coupon, ending further payments. If the notes are not called and any underlying finishes below its 70% downside threshold on the August 6, 2029 final valuation date, investors take a loss matching that asset’s decline and can lose their entire $1,000 principal per note.
The notes are unsecured UBS debt, exposed to UBS credit risk, are not exchange‑listed, and have an estimated initial value of $980.60 per $1,000, reflecting fees, hedging costs and UBS’s internal funding rate.
UBS AG is offering $1,417,000 of Trigger Callable Contingent Yield Notes linked to the least performing of four underlying assets: the Nasdaq-100 Technology Sector Index, the Russell 2000 Index, the Technology Select Sector SPDR ETF and the Utilities Select Sector SPDR ETF.
The Notes pay a contingent coupon at a rate of 14.05% per annum (about $11.7083 per $1,000 per month) only if, on each monthly observation date, every underlying is at or above its coupon barrier, set at 70% of its initial level. UBS can redeem the Notes in whole on any observation date starting after three months, returning principal plus any due coupon, and ending all future payments.
If the Notes are not called and, at maturity on August 10, 2028, any underlying finishes below its downside threshold (also 70% of initial), investors receive less than the $1,000 principal, with losses matching the negative return of the worst performer, up to a total loss of principal. All payments depend on UBS’s credit, and the estimated initial value is $980.10 per $1,000 Note.
UBS AG is offering $300,000 of Trigger Callable Contingent Yield Notes due February 11, 2031, linked to the worst performer among the Dow Jones Industrial Average, Nasdaq-100 Technology Sector Index and Russell 2000 Index.
The notes pay a 10.75% per annum contingent coupon, with monthly payments of $8.9583 per $1,000 note only if all three indexes close at or above 75% of their initial levels on each observation date. UBS can call the notes in whole on any monthly observation date starting after six months, returning principal plus any due coupon.
If not called and any index finishes below 60% of its initial level at maturity, investors lose principal in line with the worst index’s decline, up to a total loss. The notes are unsecured UBS debt, not FDIC insured, will not be listed, and have an estimated initial value of $953.30 per $1,000 note, below the issue price.
UBS AG is offering unsecured Trigger Callable Contingent Yield Notes linked to the worst performer of the Russell 2000 Index and the S&P 500 Index, maturing in February 2031.
The Notes pay a contingent coupon of 9.55% per annum (about $7.9583 per $1,000 monthly) only when both indices close at or above 70% of their initial levels on monthly observation dates. UBS can call the Notes in whole on any observation date starting after three months, returning principal plus any due coupon but ending further payments.
If not called and either index finishes below 60% of its initial level, investors lose principal in line with the negative return of the worst index, up to a 100% loss. All payments depend on UBS’s credit, and the estimated initial value is between $962.50 and $992.50 per $1,000 Note.
UBS AG is offering $146,000 of Buffer Autocallable Contingent Yield Notes linked to the least performing of the VanEck Gold Miners ETF (GDX) and the Energy Select Sector SPDR Fund (XLE), maturing on February 1, 2028.
The notes pay a 12.30% per annum contingent coupon ($10.25 per month per $1,000 note) only if on each monthly observation date both ETFs close at or above their coupon barriers, set at 80% of initial levels ($87.43 for GDX and $39.74 for XLE). Quarterly, beginning after six months, the notes are automatically called if both ETFs are at or above their call thresholds, equal to 100% of initial levels ($109.29 for GDX and $49.67 for XLE), returning principal plus any due coupon.
If the notes are not called and, at maturity, either ETF finishes below its downside threshold (80% of its initial level), repayment is reduced according to the loss of the worst performer beyond the 20% buffer, and investors can lose almost all of their principal. The estimated initial value is $946.20 per $1,000 note, and all payments depend on UBS’s credit; the notes are unsecured, unsubordinated, unlisted, and carry significant market, sector, and liquidity risks.
UBS AG is offering $355,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Applied Materials, Inc., maturing on February 12, 2029. These unsecured notes pay contingent coupons only when the stock closes at or above a preset coupon barrier on each observation date.
The notes can be automatically called before maturity if the stock closes at or above its initial level on any observation date, in which case investors receive principal plus the applicable contingent coupon and the notes terminate. If not called, principal is repaid at maturity only if the final stock level is at or above a downside threshold; below that level, repayment is reduced in line with the stock’s decline, and investors could lose their entire investment.
All payments, including any contingent coupons and principal, depend on UBS’s creditworthiness, and the notes will not be listed on any exchange. The estimated initial value per $10 note is $9.73, reflecting UBS’s internal pricing models and funding rate.
UBS AG is offering $610,000 of Trigger Autocallable Contingent Yield Notes linked to CrowdStrike Holdings, Inc. common stock, maturing February 10, 2028. These unsecured debt notes pay a contingent coupon only when CrowdStrike’s closing price on an observation date is at or above a preset coupon barrier.
The notes can be automatically called early if CrowdStrike’s stock closes at or above the initial level on any observation date before maturity. In that case, investors receive the $10 principal per note plus the contingent coupon due on that date, and no further payments.
If the notes are not called and the final stock level is at or above the downside threshold, investors receive full principal at maturity (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 the stock’s percentage decline, and investors can lose all of their investment. Payments depend on UBS’s credit, the estimated initial value per $10 note is $9.82, and the notes are not listed, with a minimum purchase of 100 notes.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Applied Materials, Inc. The notes can pay periodic contingent coupons only when 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 any due coupon, with no further payments. If not called and the final stock level is at or above a downside threshold, investors receive principal back at maturity; if it is below that threshold, repayment is reduced in line with the stock’s decline and can fall to zero.
The notes are unsecured, unsubordinated debt of UBS, so all payments depend on UBS’s credit. They are expected to have a term of about three years, with trade on February 6, 2026, settlement on February 10, 2026, and maturity on or about February 12, 2029. A hypothetical example illustrates a 12.17% annual contingent coupon and barriers set at 50% of the initial stock level.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of CrowdStrike Holdings, Inc., with payments fully dependent on UBS’s creditworthiness. These unsecured debt securities target income through contingent coupons rather than fixed interest.
Holders receive a coupon only if CrowdStrike’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 its initial level, in which case investors receive principal plus the due coupon and the product ends.
If not called, and at maturity the share price is at or above a downside threshold (illustratively 60% of the initial level), principal is repaid. If the final price falls below that threshold, repayment is reduced in line with the stock’s decline, and investors can lose all of their initial $10-per-note investment. An example shows a 15.66% per annum contingent coupon and a term to about February 10, 2028.
UBS AG is offering $310,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Blackstone Inc., maturing on February 12, 2029. The Notes pay a contingent coupon only when Blackstone’s share price on an observation date is at or above a coupon barrier set at 60.00% of the initial level (10.55% per annum, or $0.2638 per $10 in the hypothetical examples).
The Notes are automatically called early if, on any quarterly observation date after six months, Blackstone’s share price is at or above the initial level, returning principal plus the applicable coupon. If not called and the final level is at or above the 60.00% downside threshold, investors receive full principal at maturity, plus a final coupon if the barrier is met.
If the Notes are not called and the final level is below the downside threshold, repayment is reduced in line with Blackstone’s negative return, and investors can lose all of their principal, as illustrated by the example that returns $3.60 per $10 Note. Payments depend entirely on the creditworthiness of UBS, the Notes will not be listed on any exchange, the minimum investment is 100 Notes ($1,000), and the estimated initial value is $9.65 per $10 Note.
UBS AG is offering unsecured Trigger Autocallable Contingent Yield Notes linked to the common stock of Blackstone Inc., maturing around February 12, 2029. These structured notes pay contingent quarterly coupons only when Blackstone’s share price is at or above a preset coupon barrier on observation dates.
The notes may be automatically called after six months if Blackstone’s closing level on an observation date is at or above the initial level, returning principal plus the applicable coupon and ending the investment. If not called, principal is repaid at maturity only if the final share level is at or above a downside threshold; below that level, repayment is reduced in line with the stock’s decline and can fall to zero.
All payments depend on UBS’s creditworthiness, the notes will not be listed on any exchange, minimum investment is 100 notes at $10 each, and UBS currently estimates the initial value per note between $9.29 and $9.54, reflecting internal pricing and funding assumptions.
UBS AG is offering $600,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Broadcom Inc., maturing on February 12, 2029. These are unsecured debt obligations of UBS, not bank deposits and not FDIC insured.
Investors receive a contingent coupon only if Broadcom’s closing level on each quarterly observation date is at or above the coupon barrier. The notes are automatically called if Broadcom is at or above the initial level on any observation date after six months, returning principal plus that period’s coupon.
If the notes are not called and Broadcom’s final level is at or above the downside threshold, investors get their $10 principal per note at maturity, plus any final coupon if the coupon barrier is also met. If the final level is below the downside threshold, repayment is reduced in line with Broadcom’s percentage loss, and investors can lose their entire investment. All payments depend on UBS’s credit, and the estimated initial value is $9.72 per $10 note, with a minimum investment of 100 notes.
UBS AG is offering $400,000 of Trigger Autocallable Contingent Yield Notes linked to Amazon.com, Inc. common stock, maturing on February 10, 2027.
The notes pay a contingent coupon only when Amazon’s share price on an observation date is at or above a preset coupon barrier. UBS will automatically call the notes early if Amazon’s share price on an observation date (before final valuation) is at or above the initial level, returning principal plus any due coupon.
If the notes are not called and Amazon’s final share price is at or above the downside threshold, investors receive full principal at maturity, plus any final coupon. If the final price is below the downside threshold, repayment is reduced in line with the stock’s decline, and investors can lose their entire investment. All payments depend on UBS’s creditworthiness, the notes are not insured, and they will not be listed on an exchange. The minimum investment is 100 notes at $10 each, and the estimated initial value per note is $9.73.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Broadcom Inc., maturing on or about February 12, 2029. These are unsecured, unsubordinated debt obligations of UBS, not bank deposits and not FDIC insured.
The Notes can pay a contingent coupon on each quarterly observation date only if Broadcom’s share price is at or above a specified coupon barrier. They may be automatically called after six months if the stock closes 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 the final stock level is at or above the downside threshold (60% of the initial level in the hypothetical), investors receive principal back, plus a final coupon if the coupon barrier is met. If the final level is below the downside threshold, repayment is reduced one-for-one with Broadcom’s percentage loss, and investors can lose their entire investment. All payments depend on UBS’s creditworthiness. The example terms show a contingent coupon rate of 14.83% per annum on $10 denominations, with a minimum purchase of 100 Notes.
UBS AG is offering trigger autocallable contingent yield notes linked to the common stock of Amazon.com, Inc., maturing around February 10, 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 the initial level, the notes are automatically called, returning the $10 principal per note plus any due coupon, with no further payments. 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.
The notes are subject to the credit risk of UBS, are not listed on any exchange, and are sold in $10 denominations with a minimum investment of 100 notes ($1,000). The estimated initial value per note on the trade date is expected to be between $9.37 and $9.62.
UBS AG is offering $750,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Palantir Technologies Inc., maturing on February 10, 2028. These unsecured debt notes pay a high contingent coupon only if Palantir’s share price is at or above a preset coupon barrier on each observation date.
The notes may be automatically called early if Palantir’s stock closes at or above the initial level on any observation date, in which case investors receive the $10 principal per Note plus the applicable coupon and no further payments. If the notes are not called and Palantir’s final share level is below the downside threshold, repayment at maturity is reduced in line with the stock’s decline, and investors can lose their entire investment.
The example terms show a 22.80% per annum contingent coupon ($0.57 per quarter on a $10 Note) with both the downside threshold and coupon barrier set at $60.00, or 60.00% of the initial level. The minimum investment is 100 Notes ($1,000), 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 Palantir Technologies Inc., maturing on or about February 10, 2028. These are unsecured, unsubordinated debt obligations of UBS with no principal protection.
Holders receive a contingent coupon only if Palantir’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 Palantir’s share price on any observation date before maturity is at or above the initial level, in which case UBS pays principal plus the applicable contingent coupon and the product terminates.
If the notes are not called and Palantir’s final share price is at or above a downside threshold, UBS repays principal at maturity (and the final contingent coupon if the coupon barrier is also met). If the final share price is below the downside threshold, repayment is reduced in line with Palantir’s percentage loss, and investors can lose their entire investment. All payments depend on UBS’s creditworthiness. The minimum investment is 100 notes at $10 each, and the estimated initial value per note is between $9.42 and $9.67.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Amazon.com, Inc., maturing on February 10, 2028. These unsecured UBS debt obligations pay a contingent coupon only when Amazon’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 Amazon’s share price on an observation date is at or above the initial level, in which case investors receive principal plus any due coupon and the product terminates. If not called, and Amazon’s final level is at or above the downside threshold, investors receive full principal back, plus any final contingent coupon.
If the notes are not called and Amazon’s final level falls below the downside threshold, repayment at maturity is reduced in line with the stock’s percentage decline, and investors can lose some or all of their principal. All payments depend on UBS’s credit, and the estimated initial value per $10 note is $9.73.
UBS AG is offering $1,000,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of CrowdStrike Holdings, Inc., maturing on February 10, 2027. These are unsubordinated, unsecured debt obligations of UBS.
The Notes pay contingent coupons only if CrowdStrike’s closing share price on an observation date is at or above a preset coupon barrier. UBS will automatically call the Notes early if the share price on any observation date before maturity is at or above the initial level, returning principal plus the applicable contingent coupon, with no further payments.
If the Notes are not called and the final share price on the valuation date is at or above a downside threshold, investors receive only the $10 principal per Note at maturity. If it is below that threshold, repayment is reduced in line with the share’s percentage decline, and investors could lose their entire investment. Payments depend on UBS’s credit; the Notes are not FDIC‑insured, will not be listed on an exchange, have a minimum investment of 100 Notes at $10 each, and an estimated initial value of $9.82 per Note.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Amazon.com, Inc., maturing on or about February 10, 2028. These are unsecured, unsubordinated debt obligations of UBS, with repayment fully dependent on UBS’s credit.
Investors receive a contingent coupon only if Amazon’s closing share price on an observation date is at or above a coupon barrier; otherwise no coupon is paid. The notes are automatically called early if Amazon’s price on any observation date (before the final valuation date on February 8, 2028) is at or above the initial level, in which case investors receive principal plus the due coupon and the product terminates.
If the notes are not called and Amazon’s final level is at or above a 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 the stock’s percentage decline and investors can lose all of their initial investment. The minimum investment is 100 notes at $10 each, and the estimated initial value is expected to be between $9.43 and $9.68 per $10 note.
UBS AG is offering $200,000 Trigger Autocallable Contingent Yield Notes linked to the common stock of Netflix, Inc., maturing on August 10, 2027. These unsecured debt obligations pay a contingent coupon only when Netflix’s closing share price is at or above a preset coupon barrier on each observation date.
The notes may be automatically called early if Netflix’s share price is at or above the initial level on any observation date before maturity, in which case investors receive the principal plus any due coupon and the notes terminate. If the notes are not called and Netflix’s final share price is at or above the downside threshold, principal is repaid at maturity; if it is below, repayment is reduced in line with the share price decline, up to a total loss of principal.
The offering features an illustrative contingent coupon rate of 11.09% per annum, with a hypothetical coupon barrier and downside threshold set at 65% of the initial level. Notes are issued in $10 denominations, with a minimum investment of $1,000, and an estimated initial value of $9.76 per Note based on UBS’s internal pricing models. All payments depend on UBS’s creditworthiness, and the notes will not be listed on any exchange, which may affect liquidity and resale pricing.
UBS AG is offering unsecured Trigger Autocallable Contingent Yield Notes linked to the common stock of CrowdStrike Holdings, Inc. with an expected maturity around February 10, 2027.
Investors receive contingent coupons only when the stock closes at or above a specified coupon barrier on an observation date. The notes are automatically called early if the stock closes at or above its initial level on any observation date before the final one, in which case holders receive 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, investors receive their full principal at maturity; if it is below the threshold, repayment is reduced in line with the stock’s percentage decline and can fall to zero. The notes are issued in $10 denominations, with a minimum investment of 100 notes ($1,000), and the estimated initial value per note on the trade date is expected to range from $9.44 to $9.69. All payments depend on 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 the common stock of Microsoft Corporation, maturing on February 10, 2028. These unsubordinated, unsecured notes pay a contingent coupon only when Microsoft’s closing level on an observation date is at or above a preset coupon barrier.
The notes are automatically called early if Microsoft’s closing level on any observation date before maturity is at or above the initial level, in which case investors receive the principal plus any due contingent coupon and no further payments. If the notes are not called and Microsoft’s final level is at or above a downside threshold, investors receive only the principal at maturity.
If the notes are not called and Microsoft’s final level is below the downside threshold, the maturity payment is reduced in line with the stock’s percentage decline, and investors can lose some or all of their investment. The notes are issued in $10 denominations, with a minimum investment of 100 notes, have an estimated initial value of $9.79 per note, will not be listed on any exchange, and all payments depend on the creditworthiness of UBS.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Netflix, Inc., maturing on or about August 10, 2027. These are unsubordinated, unsecured debt obligations of UBS.
Investors receive a contingent coupon only if Netflix’s closing level on each observation date is at or above a coupon barrier. The notes are automatically called if Netflix closes at or above the initial level on any observation date before maturity, returning principal plus that period’s coupon.
If not called, and the final level is at or above a downside threshold, principal is repaid at maturity. If the final level is below the downside threshold, repayment is reduced in line with Netflix’s decline, up to a total loss of principal.
The notes are subject to UBS credit risk, will not be listed, have a minimum investment of 100 notes at $10 each, and an estimated initial value between $9.42 and $9.67 per note.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Microsoft Corporation, maturing on or about February 10, 2028. These unsecured debt securities pay a contingent coupon only when Microsoft’s closing level on an observation date is at or above a preset coupon barrier.
The notes can be called early if Microsoft’s stock closes at or above its initial level on any observation date before the final valuation date of February 8, 2028. In that case, investors receive the principal plus any due contingent coupon and the notes terminate. If not called and the final level is at or above the downside threshold, investors receive full principal at maturity.
If the notes are not called and Microsoft’s final level is below the downside threshold, the repayment is reduced in proportion to the stock’s decline, and investors can lose their entire investment. Payments depend on UBS’s credit; the notes are not FDIC insured, will not be listed on an exchange, require a minimum $1,000 investment, and have an estimated initial value between $9.49 and $9.74 per $10 note in this preliminary supplement.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Micron Technology, Inc., with $10 principal per Note and a minimum investment of 100 Notes. These are unsecured, unsubordinated debt obligations of UBS.
The Notes pay a contingent coupon only if Micron’s share price on an observation date is at or above a coupon barrier; otherwise no coupon is paid. They may be automatically called early if Micron’s price is at or above the initial level on any observation date, returning principal plus the applicable coupon and ending the investment.
If the Notes are not called and Micron’s final share price is at or above the downside threshold at maturity in February 2028, investors receive principal back (plus any final contingent coupon). If the final price is below the downside threshold, repayment is reduced in line with the underlying share decline, and investors can lose all of their initial investment. All payments depend on the creditworthiness of UBS, and the estimated initial value is $9.76 per $10 Note.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Micron Technology, Inc., maturing on or about February 10, 2028. These unsecured debt obligations pay contingent coupons only when Micron’s closing share price is at or above a specified coupon barrier on scheduled observation dates.
The notes are automatically called early if Micron’s share price is 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 Micron’s final share price is at or above a downside threshold, investors receive their principal back at maturity, plus any final contingent coupon if the coupon barrier is met.
If the notes are not called and Micron’s final share price is below the downside threshold, investors incur a loss matching Micron’s percentage decline from the initial level, and could lose their entire investment. Payments depend on UBS’s credit; the notes are not insured, will not be listed on an exchange, are issued in $10 denominations with a $1,000 minimum, and have an estimated initial value between $9.41 and $9.66 per $10 note based on UBS internal models.
UBS AG is offering $564,000 of Trigger Callable Contingent Yield Notes linked to the least performing of the Nasdaq-100 Index®, Russell 2000® Index and S&P 500® Index. The notes pay a 10.00% per annum contingent coupon only when all three indices close at or above their coupon barriers on monthly observation dates.
UBS may call the notes in whole, beginning after 6 months, paying principal plus any due coupon. If not called and any index finishes below its downside threshold (70.00% of its initial level) at maturity, investors suffer a loss matching the negative return of the worst index, up to a total loss of principal. The notes are unsecured obligations of UBS AG, not listed on any exchange, with estimated initial value of $975.90 per $1,000 note and offering proceeds of $562,590 to UBS AG.
UBS AG is offering Trigger Callable Contingent Yield Notes linked to the worst performer of the S&P 500 Index and Nasdaq‑100 Index, maturing on or about August 18, 2027. Each $1,000 Note pays an 8.35% per annum contingent coupon only when both indices are at or above 70% of their initial levels on monthly observation dates.
UBS may call the Notes at its discretion on any observation date starting after 12 months, repaying principal plus any due coupon. If the Notes are not called and either index finishes below its 70% downside threshold at maturity, repayment is reduced in line with the weakest index’s loss, up to total loss of principal. Payments depend on UBS’s credit; the estimated initial value is between $960.50 and $990.50 per Note, reflecting embedded fees and hedging costs.
UBS AG is offering $4,673,000 of Trigger Callable Contingent Yield Notes linked to the least performing of the Russell 2000 Index, the S&P 500 Index and the Utilities Select Sector SPDR Fund, maturing in February 2031.
The Notes pay a contingent coupon at a rate of 10.10% per annum (about $8.4167 per $1,000 per month) only if, on each monthly observation date, the closing level of every underlying is at or above 70% of its initial level. UBS can call the Notes in whole, starting after six months, paying back principal plus any due coupon.
If the Notes are not called and any underlying finishes below its 70% downside threshold, investors receive principal reduced one-for-one with the worst performer’s decline, which can mean a total loss. All payments depend on UBS’s ability to meet its obligations as an unsecured issuer.
UBS AG is offering $6,776,000 of trigger callable contingent yield notes linked to the worst performer of three equity indices. The notes pay a 10.65% per annum contingent coupon only when all of the Dow Jones Industrial Average, Nasdaq-100 Technology Sector Index and Russell 2000 Index close at or above 70% of their initial levels on monthly observation dates.
UBS can call the notes in whole on any observation date after six months, returning principal plus any due coupon. If not called and any index finishes below 60% of its initial level at maturity in August 2030, repayment is reduced one-for-one with that index’s loss, and the entire principal can be lost. All payments depend on UBS’s credit and the notes’ estimated initial value is $962.80 per $1,000 issue price.
UBS AG is offering $1,500,000 of Trigger Callable Contingent Yield Notes linked to the worst performer of the Russell 2000 Index, the Technology Select Sector SPDR ETF (XLK) and the Utilities Select Sector SPDR ETF (XLU), maturing on May 10, 2028.
The Notes pay a contingent coupon at a rate of 13.60% per annum (about $11.3333 per $1,000 note per month) only if, on each monthly observation date, the closing level of every underlying asset is at or above its coupon barrier, set at 70% of its initial level. UBS may call the Notes in whole on any observation date beginning after three months, paying back principal plus any due coupon, after which no further payments are made.
If the Notes are not called and, on the final valuation date, every underlying is at or above its downside threshold (also 70% of initial level), investors receive full principal at maturity. If any underlying finishes below its downside threshold, repayment is reduced based on the negative return of the worst-performing underlying, and investors can lose up to their entire investment. The Notes are unsecured, unsubordinated obligations of UBS, are not listed on any exchange, and their repayment depends entirely on UBS’s creditworthiness. The estimated initial value is $980.70 per $1,000 note, below the issue price, reflecting fees, hedging and funding costs.
UBS AG, through its London Branch, is offering $525,000 of Trigger Callable Contingent Yield Notes, issued at $1,000 per Note, linked to the least performing of the Nasdaq-100® Technology Sector Index, the Russell 2000® Index and the S&P 500® Index, maturing February 10, 2028.
The Notes pay a contingent coupon at an annual rate of 11.85% (monthly $9.875 per $1,000) only if, on each monthly observation date, every index closes at or above its coupon barrier, set at 70% of its initial level and equal to the downside threshold.
UBS may call the Notes in whole, beginning after six months, paying principal plus any due coupon on the call settlement date; no further payments would be made. If not called and any index finishes below its downside threshold at maturity, repayment is reduced one-for-one with the worst index’s decline, up to a total loss of principal.
The Notes are unsubordinated, unsecured obligations of UBS AG, are not listed on any exchange, and all payments depend on UBS’s credit. The estimated initial value is $973.50 per $1,000 Note, reflecting internal pricing, funding and distribution costs.
UBS AG is offering Digital S&P 500® Index-Linked Medium-Term Notes that pay no interest and mature in about 14–16 months. The cash payment at maturity depends on S&P 500® Index performance between the trade and determination dates, with both upside and downside features.
If the final index level is at or above 90% of the initial level, holders receive a capped maximum settlement amount, expected between $1,091.40 and $1,107.50 per $1,000. If the index falls more than 10%, principal loss is magnified at approximately 111.11% of each 1% decline below the buffer, and investors can lose their entire investment.
The notes are unsecured obligations of UBS AG London Branch, carry UBS credit risk, pay no dividends or coupons, and will not be listed on any exchange. The estimated initial value is expected between $959.00 and $989.00 per $1,000, reflecting internal pricing models, fees, and hedging costs.
UBS AG is offering capped leveraged buffered medium-term notes linked to an unequally weighted basket of five equity indices: EURO STOXX 50® (38%), TOPIX (26%), FTSE® 100 (17%), Swiss Market Index (11%) and S&P/ASX 200 (8%).
The notes have a $1,000 face amount, no interest, 230% upside participation and a cap expected between $1,184.00 and $1,216.43 per $1,000. A 12.5% downside buffer applies; beyond that, losses accelerate at about 1.1429% per 1% further decline, and investors can lose their entire investment. Estimated initial value is between $968.50 and $998.50 per $1,000, reflecting internal pricing and hedging costs, and all payments are subject to UBS credit risk.
UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the Nasdaq-100 Index®, Russell 2000® Index and S&P 500® Index, maturing in August 2027. The notes pay a contingent coupon at a rate of 13.10% per annum when, on a monthly observation date, each index closes at or above its coupon barrier.
Both the coupon barriers and downside thresholds for all three indices are set at 70% of their initial levels. UBS may call the notes in whole, beginning after three months, paying principal plus any due coupon. If the notes are not called and any index finishes below its downside threshold at maturity, investors are fully exposed to the negative return of the worst-performing index and can lose all principal. All payments depend on the creditworthiness of UBS.
UBS AG is offering Trigger Autocallable Contingent Yield Notes with Memory Interest linked to KeyCorp common stock, each with a $1,000 issue price. The notes pay a contingent coupon at an annual rate of 11.15% on quarterly observation dates only if KeyCorp’s share price is at or above a specified coupon barrier.
The notes can be automatically called quarterly beginning about six months after issuance if the stock is at or above the call threshold level, set at 100% of the initial stock level. If called, investors receive principal plus the due coupon and any previously unpaid coupons.
If not called, and on the final valuation date the share price is at or above the downside threshold of 70% of the initial level, investors receive full principal; if it is below that threshold, repayment is reduced in line with the stock’s loss and can fall to zero. The estimated initial value per $1,000 note is expected to be between $938.90 and $968.90, reflecting fees, hedging and UBS’ internal funding rate. The notes are unsecured UBS debt, not FDIC insured, will not be listed on any exchange and expose holders to both market risk in KeyCorp shares and UBS credit risk.
UBS AG is offering Trigger Autocallable Contingent Yield Notes with Memory Interest linked to the worst performer among Freeport-McMoRan, Morgan Stanley and Netflix common stock, maturing on or about February 16, 2029. Each Note has a $1,000 principal amount and pays a contingent coupon at a rate of 14.55% per annum when, on a monthly observation date, all three stocks close at or above their coupon barriers, with unpaid coupons potentially recovered later via a memory feature.
The Notes can be automatically called quarterly after six months if all three stocks are at or above their call threshold levels, in which case investors receive principal plus the due and previously unpaid contingent coupons and the Notes terminate early. If not called, and at maturity all three stocks are at or above their respective downside thresholds (50% of initial levels), investors receive full principal back; otherwise they receive shares of the worst-performing stock based on a preset share delivery amount, likely worth significantly less than $1,000.
The Notes are unsecured, unsubordinated obligations of UBS AG, exposed both to the equity performance of the least performing stock and to UBS’ credit risk. They are not listed on an exchange. The estimated initial value is expected to be between $920.20 and $950.20 per $1,000 Note, reflecting underwriting compensation, hedging and issuance costs.
UBS AG is offering Trigger Autocallable Contingent Yield Notes with Memory Interest linked to the least performing of Freeport-McMoRan, Microsoft and Netflix common stock, maturing on or about February 16, 2029. These are unsubordinated, unsecured debt obligations of UBS.
The Notes pay a contingent monthly coupon at a rate of 14.25% per annum only if each stock closes at or above its coupon barrier, with missed coupons potentially paid later under a memory feature. The Notes may be automatically called quarterly, beginning after six months, if each stock is at or above its call threshold (100% of its initial level), returning principal plus due and unpaid coupons.
If not called, and each final stock level is at or above its downside threshold (50% of initial level), investors receive full principal back. If any stock finishes below its downside threshold, investors receive shares of the worst-performing stock (or cash equivalent) based on a share delivery amount, likely worth significantly less than principal. Investors face full downside market risk to the least performing stock and are exposed to UBS credit risk, with no dividends or voting rights on the stocks.
UBS AG is offering $2,085,000 of Capped Leveraged Medium‑Term Notes linked to shares of the SPDR Gold Trust (GLD). The notes pay no interest and mature on March 8, 2027, with performance measured between February 4, 2026 and March 4, 2027.
At maturity, each $1,000 note pays: $1,000 plus 300% of any positive GLD return, but capped at a maximum settlement amount of $1,307.80 (a 30.78% maximum gain). If GLD is flat, investors receive $1,000. Any decline in GLD produces a one‑for‑one loss; a 40% drop in GLD results in a 40% loss of principal, and a total loss is possible.
The estimated initial value is $987.50 per $1,000, reflecting underwriting discount, hedging, and internal funding costs. The notes are unsecured obligations of UBS AG London Branch, are not FDIC insured, are not redeemable before maturity, and are not expected to have an active secondary market. The investment also carries complex U.S. tax and withholding considerations, including potential Section 1260 and 871(m) implications.
UBS AG is offering primary Buffered Digital Notes linked to the S&P 500 Index, maturing on February 23, 2027. These unsecured debt obligations pay no interest and provide a fixed digital return of 8.65% at maturity if the final S&P 500 level is at or above a downside threshold.
The initial S&P 500 level is 6,798.40, with a downside threshold of 6,118.56, equal to 90.00% of the initial level and a 10.00% buffer. If the index finishes below this threshold, investors are exposed to amplified losses, losing approximately 1.1111% of principal for each 1% decline beyond the buffer, up to a total loss of principal.
The notes are issued in $1,000 denominations, with an estimated initial value between $958.50 and $988.50 based on UBS’ internal models. Any payment at maturity depends entirely on both S&P 500 performance and UBS’ creditworthiness, and the notes will not be listed on an exchange, with only limited, discretionary secondary market making expected.
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 S&P 500® Index. Each Note has a $1,000 principal amount and pays an 11.10% per annum contingent coupon if, on a monthly observation date, all three indexes close at or above their coupon barriers set at 75% of initial levels.
UBS may call the Notes in whole on any observation date beginning after six months; if called, investors receive principal plus any due coupon. If not called and, at maturity on or about November 14, 2030, all indexes are at or above downside thresholds set at 60% of initial levels, investors receive full principal. If any index finishes below its downside threshold, repayment is reduced in line with the worst-performing index, up to a total loss of principal.
The Notes are unsecured obligations of UBS, so payments depend on its credit. The estimated initial value is expected to be $951.80–$981.80 per Note versus the $1,000 issue price, reflecting underwriting discounts of up to $10.00 per Note and UBS’ internal funding and hedging costs.