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 Trigger Autocallable Contingent Yield Notes linked to the common stock of Oracle Corporation, with a trade date expected on February 5, 2026 and maturity on or about February 9, 2027. These are unsecured, unsubordinated debt obligations of UBS and are not bank deposits or FDIC insured.
The Notes may pay high contingent coupons, but only if Oracle’s closing share price on each quarterly observation date is at or above a preset coupon barrier. The Notes are automatically called early if Oracle’s share price on an observation date (starting after six months) is at or above the initial level, in which case investors receive principal plus the applicable contingent coupon and the Notes terminate.
If the Notes are not called and Oracle’s final share price is at or above the downside threshold, investors receive only their principal plus any final contingent coupon. If the final price is below the downside threshold, repayment is reduced one-for-one with Oracle’s decline, and investors can lose some or all of their initial investment. All payments depend on UBS’s credit. The minimum investment is 100 Notes at $10 each, and the estimated initial value per Note is expected to be between $9.37 and $9.62.
UBS AG is offering unsecured Trigger Autocallable Contingent Yield Notes linked to the common stock of Oracle Corporation, maturing on or about February 9, 2028. The trade date is expected to be February 5, 2026, with settlement on February 9, 2026.
Investors may receive contingent coupons only when Oracle’s closing level on an observation date is at or above a specified coupon barrier. The notes are automatically called if Oracle’s level on any observation date before maturity is at or above the initial level, paying principal plus any due coupon.
If the notes are not called and Oracle’s final level is below a downside threshold, the repayment at maturity will be reduced in line with the share’s decline, and investors could lose their entire principal. The notes are not listed, are subject to UBS credit risk, require a minimum investment of 100 notes at $10 each, and have an estimated initial value between $9.40 and $9.65 per note.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Humana Inc., maturing on or about February 9, 2028. The Notes are unsecured UBS debt and all payments depend on UBS’s credit.
The Notes may pay contingent quarterly coupons only when Humana’s share price on an observation date is at or above a preset coupon barrier. They are automatically called early if Humana’s share price on any observation date before maturity is at or above the initial level, returning the $10 principal per Note plus the applicable coupon.
If not called and Humana’s final share price is at or above a downside threshold, investors receive only the $10 principal (plus any final coupon). If the final price is below the downside threshold, repayment is reduced in line with the share’s percentage loss, and investors can lose their entire investment. The illustrative contingent coupon rate is 19.75% per annum, the minimum purchase is 100 Notes at $10 each, and the estimated initial value is between $9.38 and $9.63 per Note, reflecting UBS’s internal pricing.
UBS AG is offering autocallable buffered medium-term notes linked to the State Street SPDR S&P Metals & Mining ETF (XME). The notes pay no interest and have an expected term of about 29 months, unless automatically called after roughly 16–18 months.
Each $1,000 note can be automatically redeemed if XME’s closing level on the call observation date is at or above 80% of its initial level, paying $1,000 plus a call premium expected between 12.63% and 14.82%. If not called and XME is at or above the 80% buffer at maturity, holders receive a capped maximum settlement amount expected between $1,252.60 and $1,296.40 per $1,000.
If XME falls more than 20% below its initial level at maturity, principal loss is magnified: holders lose 1.25% of face amount for each 1% decline beyond the 20% buffer, and could lose their entire investment. The estimated initial value is expected between $943.00 and $973.00 per $1,000, reflecting underwriting and hedging costs and UBS’ internal funding rate.
UBS AG is offering trigger callable contingent yield notes linked to the least-performing of three ETFs: VanEck Gold Miners (GDX), SPDR S&P Regional Banking (KRE) and Energy Select Sector SPDR (XLE). The notes pay a 14.55% per annum contingent coupon only when all three ETFs close at or above their respective coupon barriers, set at 60% of initial levels, on monthly observation dates.
UBS can call the notes in whole, beginning after six months, on any observation date and repay principal plus any due coupon, ending all future payments. If the notes are not called and any ETF finishes below its 50% downside threshold at maturity, investors lose principal in line with the worst-performing ETF and could lose their entire investment. The notes are unsecured UBS debt, not listed on any exchange, and their estimated initial value is expected between $942.60 and $972.60 per $1,000 face amount.
UBS AG is offering Conversion Yield Notes linked to a 30‑year U.S. Treasury bond paying 4.625% and maturing November 15, 2055. Each Note has a $1,000 principal amount, a term of about 12 months, and pays a fixed 7.10% per annum coupon quarterly, regardless of bond performance.
At maturity, if the bond’s final clean price is at or above its initial clean price, investors receive back the $1,000 principal in cash plus the final coupon. If the final clean price is lower, investors receive a “physical delivery amount” of the Treasury bond (with cash for any fractional part), whose value will be less than $1,000 and is expected to result in a loss of principal.
The Notes carry the same downside risk as owning the underlying Treasury bond, do not pass through the bond’s interest, and offer no upside beyond coupons. They are unsecured, unsubordinated obligations of UBS AG, not deposits and not FDIC‑insured. Any payment depends on UBS’s credit; a UBS default could result in loss of all invested capital. The estimated initial value per Note is expected between $954.40 and $984.40, versus a $1,000 issue price, reflecting fees, hedging and UBS’s internal funding rate. The Notes are not expected to be listed and may have limited or no secondary market liquidity.
UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the Russell 2000® and S&P 500® Index, maturing around February 11, 2031. Each $1,000 Note pays a monthly contingent coupon at a 9.55% per annum rate only if on an observation date both indexes close at or above 70% of their initial levels.
UBS may call the Notes in whole, beginning after three months, on any observation date. If called, holders receive $1,000 plus any due coupon, and the Notes terminate. If not called and at maturity both indexes are at or above 60% downside thresholds, investors receive full principal. If any index finishes below its downside threshold, repayment is reduced dollar-for-dollar with the negative return of the worst index, and principal loss can reach 100%.
The Notes are unsecured, unsubordinated obligations of UBS, not insured deposits. The issue price is $1,000 per Note, with an estimated initial value between $962.50 and $992.50, reflecting dealer compensation, hedging and structuring costs.
UBS AG London Branch is offering Digital Buffered Basket-Linked Medium-Term Notes maturing on January 14, 2028. These $1,000 notes pay no interest and the payoff depends on an unequally weighted basket of five stock indices from the Eurozone, Japan, the UK, Switzerland and Australia.
If the basket is flat or up at maturity, investors receive the greater of $1,181 per $1,000 note or full participation in the basket’s gain. If the basket is down by up to 10%, principal is repaid. Below that 10% buffer, losses accelerate, with about 1.1111% of principal lost for each additional 1% basket decline, and losses can reach 100%.
The aggregate face amount initially offered is $9,485,000, with issue price and net proceeds at 100% of face. The notes are unsecured obligations of UBS, not bank deposits, are not listed on an exchange, and expose holders to UBS credit risk and complex tax and market risks.
UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of three references: the SPDR S&P Regional Banking ETF (KRE), the Nasdaq-100 Technology Sector Index (NDXT) and the Utilities Select Sector SPDR Fund (XLU). The Notes have a $1,000 denomination, are issued by UBS AG London Branch, and run for about three years, from February 2026 to February 2029, unless called earlier.
Investors may receive monthly contingent coupons at a rate of 13.75% per annum (about $11.4583 per $1,000) only when the closing level of each underlying is at or above 70% of its initial level on the relevant observation date. UBS may call the Notes, in whole, on any monthly observation date starting after six months, paying back principal plus any due coupon and ending further payments.
If the Notes are not called and, on the final valuation date, every underlying is at or above 60% of its initial level, investors receive full principal at maturity (plus any final coupon if all are also above the coupon barriers). If any underlying finishes below its downside threshold, the maturity payment is reduced in line with the worst performer’s percentage loss, and investors can lose some or all of their principal. All payments depend on UBS’ credit; the Notes are unsecured, unsubordinated obligations, unlisted, and priced at $1,000 with an estimated initial value between $954.50 and $984.50 after underwriting and internal funding adjustments.
UBS AG is offering Contingent Income Auto-Callable Securities linked to Citigroup Inc. common stock, maturing around February 16, 2029. Each $1,000 security may pay quarterly contingent income of $25.25 (10.10% per annum) if Citi’s share price is at or above 65% of its initial level on each determination date.
The notes auto-call at par plus the contingent payment if Citi’s stock is at or above 100% of the initial price on any non-final determination date. If not called and the final stock price is below 65% of the initial level, investors receive a “cash value” tied to the depressed share price and can lose a significant, or even all, of their principal. The securities are unsecured, unsubordinated UBS debt, not FDIC insured, with an estimated initial value between $936.00 and $966.00 per $1,000.00, and may have limited or no secondary market.
UBS AG London Branch is offering $1,445,000 of Capped Leveraged Buffered Notes linked to the MSCI EAFE® Index, maturing on March 10, 2028. The notes pay no interest and return depends entirely on index performance between February 3, 2026 and March 8, 2028.
If the index rises, holders receive $1,000 plus 160% of the positive index return, capped at a maximum settlement amount of $1,256 per $1,000. If the index falls up to 15%, principal is returned. Below that buffer (index under 85% of its initial level of 3,061.48), losses accelerate at about 1.1765% of face amount for each additional 1% index decline, and the entire investment can be lost.
The estimated initial value is $997.50 per $1,000, reflecting UBS’ internal pricing models and funding costs. The notes are unsecured obligations of UBS, are not FDIC insured, pay no dividends from the underlying stocks, are not listed, and may have little or no secondary market.
UBS AG, via its London Branch, is issuing $550,000 of unsecured structured notes linked to the common stock of The Boeing Company. The roughly three-year notes pay a 9.10% per annum contingent quarterly coupon ($22.75 per $1,000) only if Boeing’s share price is at or above the $163.21 coupon barrier, which is 70% of the $233.15 initial level.
Beginning after 12 months, the notes are automatically called if Boeing closes at or above the $233.15 call threshold, returning principal plus the current and any previously unpaid coupons under a “memory” feature. If not called, and Boeing ends at or above the $163.21 downside threshold on the final valuation date, investors receive full principal back.
If Boeing finishes below the downside threshold, repayment is reduced one-for-one with the stock’s decline, potentially to zero. The notes are not listed, the estimated initial value is $964.10 per $1,000 versus the $1,000 issue price, and all payments depend on the creditworthiness of UBS.
UBS AG is offering $6,312,000 of Digital EURO STOXX 50® Index‑Linked Medium‑Term Notes due April 30, 2027. The notes pay no interest and repay principal based on EURO STOXX 50® performance between February 3, 2026 and April 28, 2027.
If the index finishes at or above 90% of its 5,995.35 starting level, investors receive a capped payoff of $1,118 per $1,000 note, a maximum return of 11.8%. Below the 90% buffer, losses accelerate at about 1.1111% for every additional 1% index decline, and investors can lose their entire investment.
The estimated initial value is $998.50 per $1,000, reflecting UBS’ internal pricing and costs. The notes are unsecured obligations of UBS, are not FDIC‑insured, do not pay dividends, will not be listed on an exchange, and may have limited or no secondary market. The tax treatment is complex, including potential U.S. withholding and Section 871(m) considerations.
UBS AG is offering $14,227,300 of Trigger Autocallable Contingent Yield Notes due February 8, 2029, linked to the least performing of the SPDR® S&P 500® ETF Trust (SPY) and the Technology Select Sector SPDR® Fund (XLK).
The Notes pay a 9.15% per annum contingent coupon only when both ETFs close at or above 70% of their initial levels on quarterly observation dates. Beginning after six months, if both ETFs are at or above 100% of their initial levels on an observation date, the Notes are automatically called at par plus any due coupon.
If not called and either ETF finishes below 70% of its initial level at maturity, repayment of principal is reduced one-for-one with the worst performer, up to a total loss of the $10 per Note principal. The Notes are unsecured UBS AG debt, not listed on an exchange, sold in minimums of 100 Notes, and all payments depend on UBS’s creditworthiness.
UBS AG is offering $2,790,000 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 on February 9, 2028. Each $1,000 Note pays an 8.30% per annum contingent coupon only if, on a monthly observation date, every underlying is at or above its coupon barrier, set at 60% of its initial level. UBS can call the Notes in whole on any observation date after six months, repaying principal plus any due coupon and ending further payments. If the Notes are not called and any underlying finishes below its 60% downside threshold, repayment is reduced in line with the worst performer’s percentage loss, and investors can lose all principal. The Notes are unsecured obligations of UBS, are not insured, will not be listed, and have an estimated initial value of $987.60 per $1,000.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the least performing of the VanEck Gold Miners ETF (GDX) and the Nasdaq-100 Technology Sector Index, maturing on or about February 23, 2029.
The notes pay a contingent coupon of 12.60% per annum ($10.50 per $1,000 monthly) only when the closing level of each underlying is at or above its coupon barrier, set at 70% of its initial level. Starting after six months, if on any observation date both underlyings are at or above 100% of their initial levels, the notes are automatically called and repay principal plus that month’s coupon.
If not called and, at maturity, the final level of each underlying is at or above its downside threshold of 60% of initial, investors receive full principal. If any underlying finishes below its downside threshold, repayment is reduced one-for-one with the negative return of the least performing underlying, and the entire investment can be lost. Payments depend on UBS’ credit, the notes will not be listed, and the estimated initial value is expected between $913.20 and $943.20 per $1,000.
UBS AG is offering unsecured Buffered Digital Notes linked to the S&P 500® Index, maturing on March 9, 2027, with a $1,000 minimum denomination per Note and a minimum investment of $10,000.
If the final S&P 500® level on the March 4, 2027 valuation date is at or above the downside threshold of 6,194.45 (90% of the 6,882.72 initial level), investors receive $1,000 plus an 8.96% digital return, regardless of how much the index has risen. If the final level is below the downside threshold, repayment is reduced using a downside leverage factor of approximately 1.1111, so investors lose about 1.1111% of principal for each 1% decline beyond the 10% buffer and could lose their entire investment.
The Notes pay no interest, forgo all S&P 500® dividends, are not listed on any exchange, and depend entirely on the creditworthiness of UBS AG London Branch. The estimated initial value per $1,000 Note on the trade date is expected between $957.80 and $987.80, reflecting underwriting discounts, hedging and issuance costs.
UBS AG is offering capped leveraged notes linked to the Russell 2000 Index, maturing on May 13, 2027. These zero-coupon notes pay no interest and repay an amount at maturity based solely on index performance between February 3, 2026 and May 11, 2027.
If the index rises, investors earn 300% of the percentage gain, but payments are capped at a maximum of $1,235.50 per $1,000 face amount, reached when the index is at or above 107.85% of its initial level of 2,648.499. If the index is unchanged, investors receive $1,000.
If the index falls, investors lose 1% of principal for every 1% decline in the index, with the potential to lose their entire investment. The estimated initial value is $986 per $1,000, reflecting dealer compensation, hedging and funding costs. The total initial offering size is $14,655,000 in face amount.
UBS AG is offering $1,050,000 of Trigger Autocallable Contingent Yield Notes linked to Constellation Energy Corporation common stock, maturing on February 9, 2028. Each unsecured Note has a $1,000 principal amount and pays a 10.75% per annum contingent coupon.
Coupons are paid monthly only if Constellation’s share price is at or above the $162.80 coupon barrier (65% of the $250.46 initial level). The Notes are automatically called after three months if the stock closes at or above the $212.89 call threshold (85% of the initial level), returning principal plus the due coupon.
If never called and the final stock level is at or above the $150.28 downside threshold (60% of the initial level), investors receive full principal at maturity. Below that level, repayment is reduced in line with the stock’s percentage loss, and investors can lose their entire investment. Payments depend on UBS’s credit, the Notes are not listed, and the estimated initial value is $964.70 per $1,000, reflecting fees and hedging costs.
UBS AG is offering unsecured Buffered Digital Notes with Downside Leverage Factor linked to the S&P 500® Index, maturing around April 9, 2027. Each Note has a $1,000 principal amount and a term of about 14 months, with a minimum investment of 10 Notes.
At maturity, if the S&P 500 final level is at or above a downside threshold equal to 90% of the initial level (a 10% buffer), investors receive principal plus a fixed digital return of at least 9.56%, regardless of how much the index has risen. If the final level is below the threshold, repayment is reduced using a downside leverage factor of approximately 1.1111, causing losses of about 1.1111% of principal for each 1% index decline beyond the 10% buffer, up to a total loss of the investment.
The Notes pay no interest, do not pass through S&P 500 dividends, and will not be listed on an exchange. They are subject to UBS credit risk, with an estimated initial value per Note between $957.00 and $987.00, lower than the $1,000 issue price due to fees, hedging costs and UBS’ internal funding rate. Extensive risk, liquidity, conflict-of-interest and U.S. tax disclosures emphasize that investors could lose some or all of their principal and should be able to hold to maturity.
UBS AG is offering unsecured Trigger Callable Contingent Yield Notes linked to the worst performer of the Russell 2000 Index, the S&P 500 Index and the Utilities Select Sector SPDR Fund, maturing around February 19, 2031.
The Notes pay a 10.35% per annum contingent coupon (about $8.625 per $1,000 monthly) only if, on each monthly observation date, all three underlyings close at or above 70% of their initial level. Otherwise, no coupon is paid for that period.
UBS may call the Notes in whole on any observation date starting after six months, paying back principal plus any due coupon, after which no further payments are made. If not called, investors receive full principal at maturity only if each underlying finishes at or above its 65% downside threshold. If any finishes below its threshold, the maturity payment is reduced dollar-for-dollar with the negative return of the worst underlying, potentially to zero.
The issue price is $1,000 per Note, with an estimated initial value between $956.90 and $986.90, reflecting underwriting compensation, hedging and other costs. UBS Securities LLC receives a $2.50 underwriting discount per Note, and UBS may pay an additional $4.00 per Note marketing fee. The Notes are not listed, pay no dividends, and all payments depend on UBS’s credit.
UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the Russell 2000 Index, the S&P 500 Index and the Utilities Select Sector SPDR Fund. The Notes pay a 9.50% per annum contingent coupon, credited monthly only if each underlying stays at or above 70% of its initial level on the relevant observation date.
The Notes are callable at UBS’ discretion on any monthly observation date starting after 12 months; if called, investors receive the $1,000 principal per Note plus any due coupon, and the product terminates early. If the Notes are not called and any underlying finishes below its 70% downside threshold at maturity in February 2031, repayment is reduced in line with the worst performer and investors can lose all of their principal.
The issue price is $1,000 per Note, with estimated initial value between $945.90 and $975.90, reflecting embedded fees and hedging costs. Underwriting compensation can be up to $11.25 per Note, leaving at least $988.75 in proceeds to UBS. All payments depend on UBS’ credit; the Notes are unsecured, unsubordinated obligations and will not be listed on an exchange.
UBS AG is offering unsubordinated, unsecured Trigger Autocallable Contingent Yield Notes with Memory Interest linked to the common stock of KLA Corporation, maturing around August 13, 2027. The Notes pay quarterly contingent coupons at an annual rate of 15.25% to 16.25% only if KLA’s share price is at or above a specified coupon barrier on each observation date, with unpaid coupons potentially paid later under the memory feature.
The Notes are automatically called early if KLA’s stock closes at or above a call threshold (100% of the initial level in the term sheet) on any quarterly observation date before maturity, returning principal plus due and unpaid coupons. If not called and KLA’s final level is at or above a downside threshold (65% of the initial level in the term sheet), investors receive full principal back at maturity. If the final level is below the downside threshold, repayment is reduced one-for-one with KLA’s percentage decline, and investors can lose their entire investment.
The estimated initial value per $1,000 Note is expected to be between $939.80 and $969.80, reflecting underwriting discounts, hedging and issuance costs and UBS’s internal funding rate. Payments depend entirely on UBS’s credit; the Notes are not bank deposits and are not insured or exchange-listed.
UBS AG is offering unsubordinated, unsecured Trigger Autocallable Yield Notes linked to the least performing of Northrop Grumman stock and the Industrial Select Sector SPDR Fund. Each note has a $1,000 principal amount, an 8.25% per annum fixed coupon paid monthly, and a scheduled term to February 9, 2028.
The notes are automatically called, and principal is repaid early, if on any monthly observation date starting after 12 months both underlyings are at or above 100% of their initial levels. If not called and, at maturity, both underlyings are at or above 60% of their initial levels, investors receive full principal. If any underlying finishes below 60%, the maturity payment is reduced one-for-one with the decline of the worst performer, and investors can lose all principal. All payments depend on UBS’s credit, and the notes are not listed or insured.
UBS AG is offering $350,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Palantir Technologies Inc., maturing on February 8, 2027. Each Note has a principal amount of $10 and an estimated initial value of $9.78.
Investors receive contingent coupons only if Palantir’s stock is at or above a set coupon barrier on observation dates. The Notes can be automatically called early if the stock is at or above the initial level, returning principal plus the due coupon. If not called and the final stock level is below the downside threshold at maturity, repayment is reduced in line with the stock’s decline, and all principal can be lost. All payments depend on UBS’s creditworthiness.
UBS AG is offering unsecured Trigger Autocallable Contingent Yield Notes linked to the common stock of Palantir Technologies Inc., maturing on or about February 8, 2027. Each Note has a $10 issue price, with a minimum investment of 100 Notes.
The Notes pay a contingent coupon only if Palantir’s closing share price on an observation date is at or above a coupon barrier; otherwise no coupon is paid for that period. The Notes are automatically called, and principal plus any due coupon is paid, if Palantir’s share price on any observation date before maturity is at or above the initial level. If not called, investors receive full principal at maturity only if the final share price is at or above a downside threshold; below that level, repayment is reduced in line with Palantir’s decline, and all principal can be lost. Payments depend on the creditworthiness of UBS, and the estimated initial value per Note is between $9.41 and $9.66.
UBS AG is offering $250,000 of Trigger Autocallable Contingent Yield Notes linked to Intel’s common stock, maturing February 7, 2028. These unsecured debt securities pay contingent coupons only when Intel’s share price on an observation date is at or above a preset coupon barrier.
The notes can be called early if Intel’s stock closes at or above the initial level on any observation date, in which case investors receive principal plus any due coupon and no further payments. If not called, investors receive full principal at maturity only if the final stock level is at or above a downside threshold; otherwise, repayment is reduced in line with Intel’s decline and can fall to zero.
The notes are not listed, have a minimum investment of 100 notes at $10 each, and carry both market risk tied to Intel’s stock and UBS credit risk. The estimated initial value is $9.84 per $10 note, reflecting UBS’ internal pricing models.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Intel Corporation common stock, maturing around February 7, 2028. These unsecured debt notes pay contingent coupons only when Intel’s share price on an observation date is at or above a preset coupon barrier.
The notes can be automatically called early if Intel’s stock closes at or above the initial level on any observation date, in which case holders receive principal plus the applicable coupon and the product terminates. If never called and Intel’s final level is below the downside threshold, repayment at maturity is reduced one-for-one with Intel’s decline, potentially to zero. Any payment depends on UBS’s credit. The minimum investment is 100 notes at $10 each, and the estimated initial value per $10 note is expected between $9.49 and $9.74.
UBS AG is offering $400,000 of Trigger Autocallable Contingent Yield Notes linked to Oracle Corporation common stock, maturing February 6, 2029. These unsecured debt notes pay contingent coupons only when Oracle’s share price is at or above a preset coupon barrier on quarterly observation dates.
The notes can be automatically called after six months if Oracle’s closing level on an observation date is at or above the initial level, in which case holders receive principal plus any due coupon and the notes terminate. If not called, and Oracle’s final level is at or above a downside threshold at maturity, principal is repaid.
If the notes are not called and Oracle’s final level is below the downside threshold, repayment is reduced in line with the stock’s percentage decline, and investors can lose all principal. All payments depend on UBS’s credit, and the estimated initial value is $9.73 per $10 note.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Oracle Corporation, maturing around February 6, 2029. These are unsecured debt obligations of UBS, not bank deposits and not FDIC insured.
Investors may receive periodic contingent coupons, but only when Oracle’s closing share price on a quarterly observation date (including the final valuation date) is at or above a preset coupon barrier. The notes are automatically called if Oracle’s price on any observation date after six months 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 Oracle’s final share price is at or above a downside threshold, investors receive full principal at maturity (plus a final coupon if the barrier condition is met). If the final price is below the downside threshold, the maturity payment is reduced in line with Oracle’s percentage decline, and investors can lose most or all of their initial investment. 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 February 7, 2028. These are unsecured debt obligations of UBS, not bank deposits and not FDIC insured.
The Notes pay a contingent coupon only if the stock closes at or above a coupon barrier on each observation date. In the hypothetical example, the contingent coupon rate is 12.28% per annum, or $0.307 per $10 Note, with the barrier and downside threshold both at $50.00, equal to 50.00% of the initial level.
The Notes are automatically called if the stock closes at or above its initial level on any observation date before final valuation; in that case, investors receive the $10 principal per Note plus any due coupon, and the Notes terminate early. If not called and the final stock level is at or above the downside threshold, investors receive only principal back at maturity plus any final coupon.
If the Notes are not called and the final stock level is below the downside threshold, repayment is reduced in line with the stock’s negative return, and investors can lose most or all of their investment. The estimated initial value is $9.78 per $10 Note. The minimum investment is 100 Notes ($1,000), the term is approximately two years, and all payments depend on UBS’s creditworthiness.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Constellation Energy Corporation, maturing on or about February 7, 2028. Each Note has a $10 principal amount, with a minimum investment of 100 Notes, or $1,000.
Investors receive a contingent coupon only if the stock closes at or above a specified coupon barrier on each observation date. The Notes are automatically called early if the stock closes at or above the initial level on any observation date before maturity, returning principal plus the applicable coupon.
If not called and the final stock level is at or above the downside threshold, UBS repays principal (and any final coupon). If the final level is below the downside threshold, repayment is reduced in line with the stock’s decline, and the entire principal can be lost. All payments depend on UBS’s credit, and the Notes are unsecured, unsubordinated obligations that will not be listed on any exchange.
UBS AG is offering $540,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Intel Corporation, maturing on February 7, 2028. Each Note has a principal amount of $10 and pays a high contingent coupon only when specific stock-price conditions are met.
Investors may receive a contingent coupon at a rate of 21.85% per annum (example terms) if Intel’s closing share price on an observation date is at or above the coupon barrier, set at $60.00, which is 60% of the initial level. The Notes can be automatically called early if Intel’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 the Notes are not called and Intel’s final stock price on the valuation date is at or above the downside threshold of $60.00, investors receive their full principal back, plus any final contingent coupon if the coupon barrier is also met. If the final price is below the downside threshold, repayment is reduced dollar-for-dollar with Intel’s percentage decline, and investors can lose most or all of their investment. All payments depend on the creditworthiness of UBS AG, and the Notes will not be listed on any securities exchange.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Intel Corporation, maturing on or about February 7, 2028. These unsecured debt obligations pay contingent coupons only when Intel’s closing level on an observation date is at or above a preset coupon barrier.
The notes can be automatically called before maturity if Intel’s closing level on any observation date (other than the final one) is at or above the initial level, in which case investors receive principal plus the applicable contingent coupon and no further payments. If the notes are not called and Intel’s final level is at or above the downside threshold, investors receive principal at maturity; if it is below, repayment is reduced in line with Intel’s decline, and the entire investment can be lost. The notes are subject to UBS credit risk, will not be listed on an exchange, have a minimum investment of 100 notes at $10 each, and an estimated initial value between $9.44 and $9.69 per note.
UBS AG is offering $100,000 of Trigger Autocallable Contingent Yield Notes linked to Vistra Corp. common stock, maturing February 7, 2028. These unsecured debt notes pay contingent coupons only when Vistra’s closing price on an observation date is at or above a specified coupon barrier.
The notes can be automatically called before maturity if Vistra’s stock is at or above the initial level on any observation date, in which case investors receive principal plus the applicable coupon and no further payments. If not called, and Vistra’s final level is at or above the downside threshold, investors receive full principal back, potentially with a final coupon.
If the notes are not called and Vistra’s final level falls below the downside threshold, repayment is reduced in line with the stock’s decline, and investors can lose all of their principal. Payments depend on UBS’s credit; the notes are not FDIC‑insured and will not be listed on an exchange. The minimum investment is 100 notes at $10 each, and the estimated initial value per note is $9.76.
UBS AG is offering $2,844,000 of Airbag Autocallable Yield Notes linked to the ADRs of Taiwan Semiconductor Manufacturing Company Limited, maturing on February 8, 2027. The Notes pay an annual coupon of 11.91% in equal monthly installments, regardless of underlying performance, unless they are automatically called.
The Notes are automatically called, and principal is repaid with the due coupon, if the TSMC ADR closing level on any observation date is at or above the initial level. If not called and the final level is at or above the conversion level, investors receive principal plus the final coupon in cash.
If the Notes are not called and the final level is below the conversion level, investors receive TSMC ADRs equal to the share delivery amount plus the final coupon, which can be worth less than the $1,000 principal and lead to substantial loss. The estimated initial value is $982.70 per $1,000 Note, the Notes are unsecured, not insured, will not be listed on an exchange, and all payments depend on UBS’s creditworthiness.
UBS AG is offering $200,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of First Solar, Inc., maturing on February 8, 2027. These unsecured debt notes pay a coupon only if First Solar’s closing price on each monthly observation date is at or above a preset coupon barrier.
The notes may be automatically called after three months if First Solar’s price is at or above the initial level on an observation date, returning principal plus any due coupon, with no further payments. If never called, investors receive full principal at maturity only if the final price is at or above a downside threshold; otherwise, they incur a loss matching the stock’s decline and could lose their entire investment.
The notes are subject to UBS’s credit risk, are not insured by any government agency, will not be listed on an exchange, and have an estimated initial value of $9.85 per $10 note. The minimum investment is 100 notes, or $1,000.
UBS AG is offering $358,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of ServiceNow, Inc., maturing on February 6, 2029.
These unsecured debt notes pay coupons only if ServiceNow’s share price on quarterly observation dates is at or above a preset coupon barrier. The notes are automatically called, returning principal plus any due coupon, if the share price is at or above the initial level on any observation date after six months.
If the notes are never called and ServiceNow’s final share price is at or above a downside threshold, investors receive only the $10 principal per note at maturity. If the final price is below that threshold, repayment is reduced in line with the stock’s decline and all principal can be lost.
The notes are subject to UBS credit risk, will not be listed on any exchange, require a minimum $1,000 investment, and have an estimated initial value of $9.70 per $10 note, reflecting internal pricing and funding assumptions.
UBS AG is offering unsecured Trigger Autocallable Contingent Yield Notes linked to the common stock of Vistra Corp., maturing on or about February 7, 2028. These notes pay a contingent coupon only when Vistra’s closing share price on an observation date is at or above a preset coupon barrier.
If on any observation date before maturity Vistra’s share price is at or above the initial level, the notes are automatically called and investors receive the principal plus any due contingent coupon, with no further payments. If not called, and on the final valuation date the share price is at or above the downside threshold, investors receive the full principal back, plus any final contingent coupon.
If the notes are not called and Vistra’s final share price is below the downside threshold, repayment is reduced in line with the stock’s percentage decline, and investors can lose all of their principal. Payments depend on UBS’s credit; a UBS default could result in total loss. The notes will not be listed, require a minimum investment of 100 notes at $10 each, and have an estimated initial value between $9.46 and $9.71 per $10 note.
UBS AG is offering Airbag Autocallable Yield Notes linked to the American depositary receipts of Taiwan Semiconductor Manufacturing Company Limited. These unsecured notes pay fixed coupons on each coupon payment date unless they are automatically called.
The notes are automatically called, and principal is repaid, if on any observation date before the final valuation date the ADR closing level is at or above the initial level. If not called and the final level is at or above a preset conversion level, investors receive full principal back at maturity plus the final coupon.
If the notes are not called and the final level is below the conversion level, investors receive a fixed number of ADRs (and cash for any fraction) instead of principal, and this amount is expected to be worth less than the original investment, leading to a loss of some or all principal. All payments depend on UBS’s credit, and the notes will not be listed on any exchange. An estimated initial value between $949.60 and $974.60 per $1,000 note reflects internal pricing and funding considerations.
UBS AG is offering trigger autocallable contingent yield notes linked to the common stock of First Solar, Inc., maturing on or about February 8, 2027. These are unsecured, unsubordinated debt obligations of UBS, not traditional bonds and not principal-protected.
Investors receive a contingent coupon only if First Solar’s share price on a monthly observation date is at or above a preset coupon barrier. The notes are automatically called before maturity, with return of principal plus the due coupon, if the share price is at or above the initial level on any observation date after three months.
If the notes are not called and First Solar’s final share price is at or above a downside threshold, investors receive principal back at maturity. If the final price is below that threshold, repayment is reduced in line with the stock’s decline, and investors can lose all of their investment. Payments also depend on UBS’s credit. The notes will not be listed, require a minimum purchase of 100 notes at $10 each, and have an estimated initial value between $9.51 and $9.76 per note.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of ServiceNow, Inc., with a principal amount of $10 per Note and a minimum investment of 100 Notes. These unsecured debt securities have a term of approximately three years, from an expected settlement on February 6, 2026 to an expected maturity on February 6, 2029.
Investors may receive periodic contingent coupons only if the ServiceNow share price on each observation date is at or above a specified coupon barrier. The Notes may be automatically called each quarter, beginning after six months, if the share price is at or above the initial level, in which case investors receive principal plus the applicable contingent coupon and the Notes terminate. If the Notes are not called and the final share level is below a downside threshold, investors are exposed to the full negative return of the stock on a 1:1 basis and can lose all of their initial investment. All payments depend on the creditworthiness of UBS, and the Notes will not be listed on any exchange. The estimated initial value per $10 Note is expected to be between $9.33 and $9.58.
UBS AG is offering $22,308,000 of Capped Buffer Contingent Absolute Return Securities linked to the MSCI EAFE® Index, each with a $1,000 principal amount and maturing on April 12, 2027.
The notes provide exposure to positive index performance up to a maximum upside gain of 15.60%, capping the maximum payment at $1,156 per Security. If the index return is zero or negative but the final level stays at or above 90% of the initial level (the downside threshold, with a 10% buffer), holders receive a “contingent absolute return” equal to the absolute value of the index return, up to 10%, for a maximum payment of $1,100.
If the index falls below the downside threshold at maturity, repayment is reduced: investors lose principal in proportion to the decline beyond the 10% buffer and could lose almost all of their investment. The Securities pay no interest, do not provide dividends on underlying constituents, are not listed on any exchange, and secondary liquidity may be limited. All payments depend on UBS’s credit; if UBS defaults, investors may recover nothing.
UBS AG is offering $11,239,000 of Airbag Autocallable Yield Notes linked to the common stock of Oracle Corporation, providing periodic coupons regardless of Oracle’s share performance unless the notes are automatically called.
The notes can be called early if Oracle’s closing level on any observation date before the final valuation date is at or above the initial level, in which case investors receive principal plus the due coupon and no further payments. If not called and Oracle’s final level is at or above a preset conversion level, investors receive full principal in cash at maturity plus the final coupon. If the notes are not called and the final level is below the conversion level, investors receive Oracle shares equal to the share delivery amount (and cash for any fractional share), which is expected to be worth less than the $1,000 principal, so some or all of the initial investment may be lost.
All payments depend on UBS’s creditworthiness, the notes will not be listed on any exchange, and the estimated initial value is $983.10 per $1,000, reflecting UBS’s internal pricing and funding considerations.
UBS AG is offering Airbag Autocallable Yield Notes linked to the common stock of Oracle Corporation, maturing on or about February 8, 2027. The notes pay coupons on each coupon payment date regardless of Oracle’s share performance, unless they are automatically called early.
The notes are automatically called if Oracle’s closing level on any observation date before the final valuation date is at or above the initial level, in which case investors receive principal plus the applicable coupon and the notes terminate. If not called and the final level is at or above a specified conversion level, investors receive principal at maturity plus the final coupon.
If the notes are not called and the final level is below the conversion level, investors receive a fixed “share delivery amount” of Oracle shares (plus cash for any fractional share), whose value may be significantly below principal, leading to a loss of some or all of the initial investment. Payments are unsecured obligations of UBS, which also discloses an estimated initial value per note between $948.40 and $973.40 based on its internal pricing models.
UBS AG is offering Capped Leveraged Buffered S&P 500® Index-Linked Medium-Term Notes that pay no interest and have a term expected between 26 and 29 months. The notes’ payoff depends on S&P 500® performance from trade date to a future determination date.
For each $1,000 face amount, investors get 160.00% of any positive index return, but gains are capped by a maximum settlement amount expected between $1,215.84 and $1,253.92. If the index falls up to 15.00%, principal is returned in full. Below a 15.00% decline, losses accelerate at approximately 117.65% of the drop beyond the buffer, and investors could lose their entire investment.
The notes are unsecured obligations of UBS, are not FDIC insured, and will not be listed on an exchange. The estimated initial value is expected between $967.50 and $997.50 per $1,000, reflecting internal funding and hedging costs. The filing highlights limited liquidity, issuer credit risk, complex U.S. tax treatment, and restrictions on sales to certain EEA and UK retail investors.
UBS AG is offering $3,800,000 of Buffered Digital Notes with Downside Leverage Factor linked to the S&P 500® Index, maturing on February 18, 2027. Each Note has a $1,000 principal amount and a term of about 54 weeks.
If the index’s final level is at or above the downside threshold of 6,245.13 (90% of the 6,939.03 initial level), investors receive principal plus a fixed 8.26% digital return, regardless of additional upside. If the final level is below the threshold, repayment is reduced using a downside leverage factor of approximately 1.1111, so each 1% drop beyond the 10% buffer causes about a 1.1111% loss of principal, up to a total loss.
The Notes pay no interest, are unsecured and unsubordinated obligations of UBS AG London Branch, and all payments depend on UBS’s credit. They will not be listed on an exchange, may have limited or no secondary market, and their estimated initial value is $988.00 per $1,000, below the issue price due to fees, funding and hedging costs.
UBS AG is offering Digital S&P 500® Index‑Linked Medium‑Term Notes that pay no interest and have a term expected between 27 and 30 months. The payoff depends on the S&P 500 Index level on a single determination date near maturity.
If the index finishes at or above a buffer level of 85% of its initial level, investors receive a fixed maximum settlement amount expected to be between $1,157.40 and $1,185.10 per $1,000. Upside is fully capped, so gains above the cap level (expected between 115.74% and 118.51% of the initial level) are not passed through.
If the index declines more than 15%, principal is exposed to losses at approximately 117.65% of the drop beyond the buffer; a large decline can result in losing the entire investment. The notes are unsecured obligations of UBS, are not listed on any exchange, may have limited or no secondary market, and have an estimated initial value between $967.50 and $997.50 per $1,000, reflecting internal funding and hedging costs.
UBS AG is offering $2,745,000 of Trigger Callable Contingent Yield Notes due February 7, 2030, linked to the least performing of the Nasdaq-100® Technology Sector Index, the Financial Select Sector SPDR® Fund and the Utilities Select Sector SPDR® Fund.
The Notes pay a 12.20% per annum contingent coupon only if, on each monthly observation date, every underlying is at or above 70% of its initial level. UBS can call the Notes in whole on any observation date after three months, returning principal plus any due coupon, ending all future payments.
If the Notes are not called and any underlying finishes below its 70% downside threshold, investors receive $1,000 multiplied by 1 plus the worst underlying’s return, which can mean a substantial or total loss of principal. The Notes are unsecured obligations of UBS, not listed on any exchange, have a $1,000 issue price, an estimated initial value of $978.10, and include a $7.50 per-Note underwriting discount.
UBS AG is offering $650,000 of Trigger Autocallable Contingent Yield Notes with Memory Interest linked to the common stock of NVIDIA Corporation, maturing on February 3, 2028. These unsubordinated, unsecured notes pay a 17.90% per annum contingent coupon, in monthly installments of $14.9167 per $1,000 note, only if NVIDIA’s closing price is at or above the coupon barrier of $152.90 (80% of the $191.13 initial level) on an observation date, with unpaid coupons potentially recaptured later via the memory feature.
The notes may be automatically called after three months if NVIDIA closes at or above the call threshold of $210.24 (110% of the initial level), paying principal plus due and previously unpaid coupons, with no further payments. If not called and NVIDIA’s final level on the valuation date is at or above the downside threshold of $114.68 (60% of the initial level), investors receive full principal back. If the final level is below this threshold, repayment equals $1,000 times (1 + underlying return), exposing investors to the full downside and potentially a total loss. The notes are not listed, carry UBS credit risk, and have an estimated initial value of $979 per $1,000 note.