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 Constellation Energy Corporation common stock, maturing around February 5, 2029. The notes pay a contingent coupon only on observation dates when the stock closes at or above a preset coupon barrier; otherwise no coupon is paid.
The notes can be called early on quarterly observation dates starting after six months if the stock closes at or above its initial level, in which case investors receive principal plus any due coupon and the notes terminate. If not called and the final stock level is at or above a downside threshold, investors receive full principal at maturity, but if it is below that threshold they are fully exposed to the stock’s decline and can lose their entire investment.
The notes are unsecured, unsubordinated debt of UBS AG, subject to its credit risk, will not be listed on an exchange, and are sold in minimum denominations of 100 notes at $10 per note. The estimated initial value per $10 note is expected to be between $9.37 and $9.62, based on UBS internal pricing models.
UBS AG is offering $850,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Marvell Technology, Inc., maturing on February 5, 2027. These unsecured debt notes pay a contingent coupon only when Marvell’s share price on an observation date is at or above a set coupon barrier.
The notes can be automatically called early if the share price is at or above the initial level on any observation date before maturity, in which case investors receive principal plus any due coupon and no further payments. If the notes are not called and Marvell’s final share price is at or above a downside threshold, investors receive only their principal back, plus any final coupon.
If the notes are not called and the final share price is below the downside threshold, repayment is reduced in line with Marvell’s percentage decline from the initial level, and investors can lose all of their investment. All payments depend on UBS’s credit, the notes will not be listed on any exchange, and the estimated initial value is $9.88 per $10 note.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Marvell Technology, Inc. The Notes have a principal amount of $10 each, an expected term of about one year, and pay contingent coupons only when the stock closes at or above a preset coupon barrier on observation dates.
The Notes can be automatically called early if the stock closes at or above the initial level on any observation date before the final one, in which case investors receive principal plus the applicable contingent coupon and no further payments. If not called and the final stock level is below a downside threshold, repayment at maturity is reduced in line with the stock’s decline and investors can lose all of their initial investment. All payments depend on the creditworthiness of UBS. The estimated initial value per Note is expected to range from $9.50 to $9.75, with a minimum investment of 100 Notes ($1,000).
UBS AG is issuing $729,000 of Trigger Autocallable Notes, unsecured debt linked to the worst performer of the Nasdaq‑100, Russell 2000 and S&P 500, maturing in February 2031.
The notes have a $1,000 principal and an automatic call feature: if all three indices are at or above their call threshold (100% of initial level) on any monthly observation date after 12 months, investors receive the principal plus a call return based on an 8.76% per annum rate, and the notes terminate. If never called and all indices finish at or above their downside thresholds (70% of initial levels), principal is repaid at maturity.
If at least one index closes below its downside threshold at maturity, repayment is reduced in line with the loss on the least performing index, up to a total loss of principal. The notes pay no interest or dividends, are not exchange‑listed, and all payments depend on UBS’s credit. The estimated initial value is $951.80 per $1,000 note, below the issue price due to fees, hedging and UBS’s internal funding rate.
UBS AG is offering $4,018,000 of Trigger Callable Contingent Yield Notes linked to the least performing of the Nasdaq‑100 Technology Sector Index, the Russell 2000 Index and the VanEck Semiconductor ETF, maturing in February 2030.
The notes pay a 16.30% per annum contingent coupon only when all three underlyings stay at or above 75% of their initial levels on monthly observation dates. UBS can call the notes after six months, returning principal plus the due coupon. If held to maturity and any underlying finishes below 60% of its initial level, repayment is reduced one‑for‑one with that worst performer, and all principal can be lost. All payments depend on UBS’s credit, and the estimated initial value is $986.20 per $1,000 note.
UBS AG is offering $1,839,000 of Capped Buffer Securities linked to the S&P 500 Index, maturing February 4, 2027. Each $1,000 note provides upside exposure to the index up to a 13.20% maximum gain, with a maximum payment at maturity of $1,132 per Security.
The notes include a 10.00% downside buffer: if the index decline stays within 10%, principal is repaid at maturity. If the final index level falls below 90.00% of the initial level (6,245.13 versus 6,939.03), investors lose principal beyond the buffer and could lose almost all of their investment.
The Securities pay no interest, do not pay dividends, are unsecured obligations of UBS AG London Branch, and are not listed on any exchange. The estimated initial value per Security is $992.80, below the $1,000 issue price, reflecting underwriting, hedging and issuance costs, and UBS credit risk.
UBS AG is offering $4,350,000 of Contingent Income Auto-Callable Securities due February 2, 2029 linked to the worst performing of the Nikkei 225, Russell 2000 and S&P 500. These unsecured notes pay a $26 contingent coupon per $1,000 (10.40% per annum) for each observation period only if all three indices close at or above 80% of their initial levels on every trading day in that period. Missed coupons can be paid later under a “memory” feature if a future period meets the barrier conditions.
The notes can be automatically redeemed on scheduled observation end dates if all indices are at or above 100% of their initial levels, paying principal plus the due and any unpaid coupons. If held to maturity and all final index levels are at or above 65% of their initial levels, investors receive principal plus any due and unpaid coupons. If any index finishes below 65% of its initial level, repayment is reduced in line with the worst index’s loss and can fall to zero. Investors do not participate in any index upside and are fully exposed to UBS AG credit risk.
UBS AG is offering $5,875,000 of Trigger Autocallable Contingent Yield Notes with Memory Interest linked to the least performing of Deere & Company and JPMorgan Chase & Co. The Notes pay a 10.00% per annum contingent coupon (quarterly $25 per $1,000) only when each stock closes at or above its coupon barrier.
The Notes can be automatically called quarterly after six months if each stock is at or above its call threshold level (100% of its initial level). If called, investors receive principal plus due and unpaid coupons. If not called and, at maturity in February 2029, each stock is at or above its downside threshold (60% of its initial level), principal is repaid.
If the final level of either stock is below its downside threshold, repayment is reduced 1:1 with the decline of the worst performer, and investors can lose all principal. The Notes are unsecured, unsubordinated UBS obligations with no listing, and their value depends on both the underlyings’ performance and UBS’ credit.
UBS AG is offering Phoenix Autocallable Buffer Notes with Memory Interest linked to Apple Inc. common stock, maturing on or about February 24, 2027. Each Note has a $1,000 principal amount and pays a fixed contingent coupon of at least $34.625 per quarter if Apple’s closing price on an observation date is at or above a 90% interest barrier.
The Notes may be called early if Apple’s price on an autocall observation date is at or above the initial price, returning principal plus due and previously unpaid coupons. If not called and the final price is at or above a 90% downside threshold, investors receive full principal back plus any due and previously unpaid coupons. If the final price is below the downside threshold, repayment is based on a “cash equivalent” tied to a share-delivery amount, causing losses that can reach 100% of principal. The estimated initial value is expected between $958.10 and $988.10 per $1,000 Note, and all payments depend on the creditworthiness of UBS.
UBS AG is offering trigger callable contingent yield notes linked to the worst performer of the S&P 500 Index and the Energy Select Sector SPDR Fund. The notes pay a 10.25% per annum contingent coupon (about $8.5417 per $1,000 monthly) only if both references stay at or above 70% 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 and ending future payments. If the notes are not called and either reference finishes below 65% of its initial level at maturity in 2029, investors lose principal one‑for‑one with the decline of the worst performer, up to a total loss.
The notes are unsecured, unsubordinated obligations of UBS, not listed on any exchange, and subject to UBS’s credit risk. Estimated initial value is expected between $952.80 and $982.80 per $1,000 face value, reflecting fees, hedging and UBS’s internal funding rate.
UBS AG is offering $353,000 of Trigger Callable Yield Notes, $1,000 each, linked to the worst performing of the Nasdaq-100, Russell 2000 and S&P 500 Index. The Notes pay a fixed coupon at 7.55% per annum, with monthly payments, regardless of index performance, unless UBS calls the Notes early.
UBS may call the Notes in whole, monthly starting about six months after issuance; if called, investors receive principal plus the due coupon and no further payments. If not called and each index finishes at or above 70% of its initial level on the final valuation date, investors receive full principal at maturity plus the last coupon.
If UBS does not call the Notes and any index closes below its 70% downside threshold, repayment is reduced in line with the percentage loss of the worst index, and all principal can be lost. The Notes are unsecured, unsubordinated obligations of UBS AG London Branch, not FDIC insured, not listed on an exchange, and carry credit, market, liquidity and complex U.S. tax risks. UBS estimates the initial value at $972.60 per $1,000 Note, below the issue price.
UBS AG is offering $365,000 of Bearish Barrier Early Redeemable Market Linked Notes tied to the S&P 500 Index, maturing May 5, 2027. These unsecured notes pay no interest and all payments depend on UBS’s credit.
The notes redeem early at par with no gain if, on any trading day, the S&P 500 closes below 80% of its initial level. If no barrier event occurs and the final level is at or above the initial level, investors receive principal plus a fixed 3.75% digital return. If no barrier event occurs and the index finishes below the initial level but no more than 20% lower, investors receive principal plus the absolute index decline, capped at a 20% gain.
The initial S&P 500 level is 6,939.03 and the lower barrier is 5,551.22. The estimated initial value is $989.50 per $1,000 note, reflecting internal funding and structuring costs. The notes will not be listed, may have limited liquidity, and may be sold only into fee-based advisory accounts.
UBS AG is offering $300,000 of Bearish Barrier Early Redeemable Market Linked Notes tied to the S&P 500 Index, maturing on May 5, 2027. The notes are unsecured, unsubordinated debt of UBS AG and do not pay periodic interest.
The structure is defensive and highly path-dependent. If, on any trading day from after the trade date through the final valuation date, the S&P 500 closes below 5,551.22 (20% under the 6,939.03 initial level), a barrier event occurs and the notes are automatically redeemed early at par, with no positive return.
If no barrier event occurs and the final index level is at or above the initial level, investors receive principal plus a fixed 3.00% digital return. If no barrier event occurs and the final level is below the initial level but above or equal to the barrier, investors receive principal plus the absolute value of the index decline, capped at 20.00%.
The minimum denomination is $1,000 per note. The estimated initial value is $985.00, below the $1,000 issue price, reflecting underwriting discounts, hedging and issuance costs and UBS’s internal funding rate. The notes are not listed, may have little or no secondary market, and all payments depend on UBS’s creditworthiness.
UBS AG is offering unsecured Buffered Digital Notes with Downside Leverage Factor linked to the S&P 500® Index, maturing around February 24, 2027. Each Note has a $1,000 principal amount and an expected term of about 54 weeks.
If on the final valuation date the S&P 500® closing level is at or above 90% of its initial level (a 10% buffer), investors receive $1,000 plus a digital return of at least 8.26%, regardless of further upside. If the index closes below the downside threshold, the payoff falls below principal, with losses of approximately 1.1111% of principal for each 1% decline beyond the 10% buffer, up to a total loss of the investment.
The Notes pay no interest, do not provide dividends from index constituents, are not listed on any exchange, and any payment at maturity depends entirely on the creditworthiness of UBS.
UBS AG is offering unsecured Step Down Trigger Autocallable Notes linked to the least performing of the Russell 2000® Index and the S&P 500® Index, maturing around February 9, 2029. Each Note has a $10 principal amount, with a minimum investment of 100 Notes.
The Notes can be automatically called quarterly after 12 months if both indices are at or above their call threshold levels. The call return rate is expected to be between 8.30% and 9.30% per year, with the call price rising the longer the Notes remain outstanding. If never called and at least one index finishes below its downside threshold (75% of its initial level), repayment is reduced in line with the loss of the worst-performing index, up to a total loss of principal.
The estimated initial value is expected between $9.274 and $9.574 per $10 Note, reflecting underwriting discounts, hedging and issuance costs. The Notes pay no interest, are not listed on any exchange, do not provide dividends, and all payments depend on the creditworthiness of UBS AG.
UBS AG is offering Capped Buffer GEARS, unsecured notes linked to the S&P 500® Index and maturing on or about August 11, 2027. Each Security has a $1,000 principal amount, 1.50x upside gearing and a maximum gain of 14.75%, capping your total return.
The notes provide a 15.00% buffer: if the index decline stays within that range, you receive your principal back at maturity. If the S&P 500® falls beyond the downside threshold (85.00% of the initial level), losses beyond the buffer reduce repayment and you could lose almost all of your investment.
The Securities pay no interest, do not provide dividends from index constituents, and will not be listed on any exchange. Any payment depends entirely on the creditworthiness of UBS. The estimated initial value per Security on the trade date is expected between $963.00 and $993.00, below the $1,000 issue price due to fees, hedging and funding costs.
UBS AG is offering Trigger Callable Contingent Yield Notes linked to the worst performer of the Nasdaq‑100® Technology Sector Index and the S&P 500® Index. Each Note has a $1,000 principal amount, a term of about 23 months and matures on or about January 13, 2028.
The Notes pay a 9.00% per annum contingent coupon (about $7.50 per month per $1,000) only if on each monthly observation date both indices close at or above 70% of their initial level. UBS may call the Notes in whole on any observation date after six months, paying principal plus any due coupon.
If the Notes are not called and at maturity both indices are at or above 60% of their initial level, investors receive full principal back. If any index finishes below its 60% downside threshold, the payoff is reduced one‑for‑one with the loss of the worst‑performing index, and investors can lose all principal. The Notes are unsecured obligations of UBS, not listed on any exchange, and the estimated initial value is expected between $956.10 and $986.10 per $1,000 issue price, reflecting fees and hedging costs.
UBS AG is offering three-year Trigger Autocallable Contingent Yield Notes linked to the worst performer of the SPDR S&P 500 ETF (SPY) and the Technology Select Sector SPDR Fund (XLK). The notes pay a contingent coupon of 8.50% to 9.10% per year only if both ETFs stay at or above preset coupon barriers on quarterly observation dates.
The notes can be automatically called after six months if both ETFs are at or above their call thresholds, returning principal plus the applicable coupon. If they are not called and either ETF finishes below its 70% downside threshold at maturity, investors incur a loss matching that ETF’s decline and can lose their entire investment. The notes are unsecured UBS debt, not listed on an exchange, have an estimated initial value of $9.35–$9.65 per $10, and carry complex tax and liquidity risks.
UBS AG London Branch is offering $11.35 million of Enhanced Trigger Jump Securities with an auto-call feature, maturing on February 4, 2032, linked to the worst performer among three sector ETFs: Energy (XLE), Technology (XLK) and Utilities (XLU).
The notes pay no coupons but can be automatically redeemed on scheduled determination dates if each ETF closes at or above 90% of its initial price, returning the $1,000 principal plus a growing premium based on an annual rate of about 13.00%. If held to maturity with all funds at or above 90% of initial, investors receive $1,780 per security.
If at maturity any ETF finishes below 90% of its initial price, repayment is reduced dollar‑for‑dollar with the loss on the worst‑performing fund, and the investment can go to zero. The securities are unsecured UBS debt, not listed on any exchange, and the estimated initial value is $942.90 per $1,000.
UBS AG is offering $1,166,000 of Trigger Callable Contingent Yield Notes linked to the least performing of the Nasdaq-100® Technology Sector Index and the S&P 500® Index, maturing on February 2, 2029.
The Notes pay a 10.00% per annum contingent coupon (about $8.3333 per $1,000 monthly) only when both indices close at or above their coupon barriers, set at 70% of initial levels. UBS may call the Notes on any monthly observation date after six months, returning principal plus any due coupon.
If the Notes are not called and either index finishes below its downside threshold (also 70% of initial level), investors suffer a loss matching the negative return of the worst index, up to a full loss of principal. All payments depend on the unsecured credit of UBS AG.
UBS AG is offering $250,000 of Trigger Callable Contingent Yield Notes maturing in August 2029, linked to the least performing of the Nasdaq-100® Technology Sector Index, the Russell 2000® Index and the Utilities Select Sector SPDR® Fund.
The Notes pay a contingent coupon at a rate of 9.70% per annum (about $8.0833 per $1,000 per month) only if, on a monthly observation date, each underlying is at or above its coupon barrier set at 70% of its initial level. UBS can call the Notes in whole, beginning after three months, paying principal plus any due coupon.
If the Notes are not called and any underlying finishes below its 60% downside threshold, investors lose the same percentage as the decline of the worst performer, up to a total loss of principal. All payments depend on UBS’s credit, and the estimated initial value is $970.60 per $1,000 note.
UBS AG is issuing $250,000 of Trigger Callable Contingent Yield Notes linked to three market benchmarks. The notes reference the Nasdaq-100 Technology Sector Index, the Russell 2000 Index and the Utilities Select Sector SPDR Fund, and mature on August 3, 2028.
Investors may receive a 9.30% per annum contingent coupon, paid monthly, but only when the closing level of each underlying stays at or above 70% of its initial level. UBS can redeem the notes after three months at par plus any due coupon, ending future payments.
If the notes are not called and any underlying finishes below 60% of its initial level, repayment is reduced in line with the worst performer’s loss, up to a total loss of principal. All payments depend on UBS’s credit, and the estimated initial value is $971.50 per $1,000 note.
UBS AG is offering $784,000 of Buffer Callable Contingent Yield Notes linked to the least performing of the Russell 2000 Index and the S&P 500 Index, maturing on November 2, 2028. The notes pay a 10.45% per annum contingent coupon when both indices stay at or above 85% of their initial levels.
UBS can call the notes in whole on any monthly observation date beginning after six months, returning principal plus any due coupon. If not called and either index finishes below its downside threshold, investors incur losses beyond a 15% buffer and can lose almost all principal. All payments depend on UBS’s credit, with estimated initial value of $977.60 per $1,000 note and proceeds to UBS of $780,080.
UBS AG is offering $3,919,000 of Phoenix Autocallable Buffer Notes with Memory Interest linked to Eli Lilly and Company common stock. These one-year notes pay a fixed contingent coupon of $44.525 per $1,000 note on quarterly observation dates if Eli Lilly’s share price is at or above an 85% interest barrier set at $881.58, versus a $1,037.15 initial price. The notes can be called early if the stock closes at or above the initial price on any autocall date, returning principal plus due and previously unpaid coupons.
If the notes are not called and Eli Lilly’s final price stays at or above the 85% downside threshold, principal is repaid at maturity plus any due coupons. If the final price falls below that threshold, repayment is a “cash equivalent” tied to the depressed share price, causing partial or total loss of principal with losses increasing about 1.1765% for each 1% the stock finishes below the threshold. The notes are unsecured obligations of UBS, not listed, carry significant market and credit risk, and have an estimated initial value of $983.80 per $1,000 issue price.
UBS AG is offering $1,613,000 of Trigger Autocallable Contingent Yield Notes linked to the Solactive U.S. Large Cap Volatility Navigator Index, maturing on February 4, 2032. Each $1,000 note pays a contingent coupon at a rate of 18.20% per annum, but only when the index closes at or above a coupon barrier set at 70% of the initial level.
The notes can be automatically called quarterly after six months if the index is at or above 100% of the initial level, returning principal plus the applicable coupon with no further payments. If the notes are not called and the final index level is at or above a downside threshold set at 50% of the initial level, investors receive full principal at maturity.
If the final index level is below the downside threshold, repayment is reduced in line with the index decline, and investors can lose most or all of their investment. Payments depend on UBS’s credit, the index includes a 6.0% per annum decrement and leverage features, and the estimated initial value per note is $965.50, below the $1,000 issue price.
UBS AG is offering unsecured Trigger Callable Contingent Yield Notes linked to the Nasdaq-100® Technology Sector Index, Russell 2000® Index and S&P 500® Index. The notes pay a 9.15% per annum contingent coupon only when all three indices close at or above their coupon barriers on monthly observation dates.
The notes are issuer-callable in whole after three months; if called, investors receive principal plus any due coupon and the product terminates early. If not called and all final index levels are at or above their respective downside thresholds (each set at 70% of initial level), investors receive full principal at maturity.
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 have an initial issue price of $1,000 per note, an estimated initial value between $939.50 and $969.50, a term of about 23 months, are not listed, and all payments depend on the creditworthiness of UBS AG.
UBS AG is issuing $270,000 of Trigger Autocallable Contingent Yield Notes linked to the Solactive U.S. Large Cap Volatility Navigator 40 Index, maturing on February 4, 2031. Each Note has a $1,000 principal amount and pays a 12.00% per annum contingent coupon ($10 per month) only when the index is at or above the coupon barrier on an observation date.
The Notes can be automatically called monthly starting about six months after issuance if the index closes at or above the call threshold level, in which case investors receive principal plus the due coupon, and the product terminates early. If not called, and the final index level is at or above the downside threshold (50% of the initial level 285.06), investors receive full principal back, with a coupon if the final level is also above the coupon barrier (60%).
If the Notes are not called and the final level is below the downside threshold, repayment is reduced 1-for-1 with the index decline, exposing investors to substantial losses, up to a total loss of principal. The estimated initial value is $928.80 per $1,000 Note, and all payments depend on the creditworthiness of UBS.
UBS AG is offering Buffer Autocallable Contingent Yield Notes linked to the worst performer of the VanEck Gold Miners ETF (GDX) and the Energy Select Sector SPDR Fund (XLE), maturing around February 29, 2028, with a principal amount of $1,000 per Note.
The Notes pay a 13.30% per annum contingent coupon (monthly) only if both ETFs close at or above 80% of their initial levels on each coupon observation date. They may be automatically called quarterly, beginning after six months, if both ETFs are at or above 100% of initial levels, returning principal plus the applicable coupon.
If not called, principal is repaid at maturity only if each ETF is at or above its 80% downside threshold, providing a 20% buffer. If any ETF is below its downside threshold, repayment is reduced in line with the worst ETF’s loss beyond the buffer, and investors could lose almost all of their investment. The Notes are unsecured obligations of UBS, not listed on an exchange, and their estimated initial value is expected between $924.10 and $954.10 per $1,000 issue price.
UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the Dow Jones Industrial Average, the Russell 2000 Index and the Nasdaq-100 Technology Sector. The notes target a 10.30% per annum contingent coupon, paid monthly only when all three indices close at or above their coupon barriers.
The notes are callable monthly by UBS after about nine months; if called, holders receive principal plus any due coupon and no further payments. If not called and each index finishes at or above its downside threshold (70% of its initial level), investors receive full principal at maturity. If any index ends below its downside threshold, repayment is reduced one-for-one with the worst index’s percentage decline, up to total loss of principal. The estimated initial value per $1,000 note is expected between $951.50 and $981.50, and all payments are subject to UBS credit risk.
UBS AG is offering Trigger Callable Contingent Yield Notes due on or about August 27, 2027, linked to the least performing of the S&P 500 Index, Russell 2000 Index and Nasdaq‑100 Index. The Notes pay an 8.00% per annum contingent coupon only if, on each monthly observation date, every index closes at or above its coupon barrier, initially set at 70% of its initial level.
UBS may call the Notes monthly, beginning after three months, returning principal plus any due coupon, ending all future payments. If the Notes are not called and any index finishes below its downside threshold (also 70% of its initial level) on the final valuation date, investors receive less than the $1,000 principal, matching the worst index’s percentage loss and potentially losing their entire investment.
The Notes are unsubordinated, unsecured debt of UBS, not bank deposits and not FDIC‑insured. All payments depend on UBS’s creditworthiness, including exposure to Swiss resolution powers. The Notes will not be listed, and secondary market liquidity may be limited. The estimated initial value is expected between $942.40 and $972.40 per $1,000 Note, reflecting underwriting discounts of up to $22.25 and UBS’s internal funding rate.
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, maturing on or about February 10, 2028.
The Notes pay a contingent coupon at an annual rate of 11.85% (paid in equal monthly installments of $9.875 per $1,000) only if, on each monthly observation date, the closing level of every index 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 starting after six months, returning principal plus any due coupon.
If the Notes are not called and any index finishes below its downside threshold (also 70% of its initial level) on the final valuation date, investors receive $1,000 times 1 plus the return of the least performing index, and can lose up to their entire principal. Payments depend on UBS’s credit. The estimated initial value per $1,000 Note is expected between $963.10 and $993.10, reflecting dealer compensation and hedging costs.
UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the S&P 500, Russell 2000 and Nasdaq‑100 indexes, maturing on or about September 1, 2027.
The Notes pay a contingent coupon of 10.35% per annum, only when the closing level of each index on a monthly observation date is at or above its coupon barrier, set at 70% of the initial level for each index. UBS can call the Notes monthly after three months and repay principal plus any due coupon.
If the Notes are not called and, on the final valuation date, every index is at or above its downside threshold (also 70% of its initial level), investors receive full principal back. If any index finishes below its downside threshold, repayment is reduced in line with the worst index’s percentage decline, and investors can lose all principal. The Notes are unsecured UBS debt, with an estimated initial value between $958.40 and $988.40 per $1,000, reflecting fees and hedging costs.
UBS AG is offering Trigger Autocallable Contingent Yield Notes with Memory Interest linked to the common stock of The Boeing Company, maturing on or about February 8, 2029. These unsecured notes target a 9.10% per annum contingent coupon, paid quarterly only if Boeing’s share price stays at or above a set coupon barrier.
The notes can be automatically called after 12 months if Boeing closes at or above 100% of the initial level on an observation date, returning principal plus due and previously unpaid coupons. If not called, principal is protected only down to a 70% downside threshold; below that, investors take the full negative stock return and can lose all principal.
The issue price is $1,000 per note, with an underwriting discount of $28.50 and proceeds to UBS of $971.50 per note. The estimated initial value is expected between $938.10 and $968.10. The notes will not be listed on any exchange, and all payments depend on UBS’s creditworthiness.
UBS AG London Branch is offering capped leveraged buffered notes linked to an unequally weighted basket of five global equity indices: EURO STOXX 50® (38%), TOPIX (26%), FTSE® 100 (17%), Swiss Market Index (11%) and S&P/ASX 200 (8%). The notes pay no interest and return is based on basket performance over roughly 13–15 months.
Holders receive 125% of any positive basket return, but payments are capped by a maximum settlement amount expected between $1,149.375 and $1,175.250 per $1,000 note. A 10% downside buffer protects principal for moderate declines, but beyond that losses accelerate at about 111.11% of further negative performance, so principal can be fully lost.
The estimated initial value is expected between $956.00 and $986.00 per $1,000 face amount, reflecting internal funding and hedging costs. The notes are unsecured obligations of UBS, will not be listed, may have limited secondary liquidity, and carry complex U.S. tax and withholding considerations.
UBS AG is offering $198,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Western Digital Corporation, maturing on February 4, 2027. These unsecured debt notes pay contingent coupons only when Western Digital’s stock closes at or above a preset coupon barrier on scheduled observation dates.
The notes can be called early if the stock closes at or above the initial level on any observation date, returning principal plus the applicable coupon and ending further payments. If not called, investors receive full principal at maturity only if the final stock level stays at or above a downside threshold; otherwise, they incur losses matching the stock’s decline and could lose their entire investment. Any payments depend on UBS’s credit, the notes are not exchange-listed, the minimum investment is 100 notes at $10 each, and the estimated initial value per note is $9.69.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Western Digital Corporation, with a term to about February 4, 2027. These are unsecured, unsubordinated debt obligations of UBS, not bank deposits and not FDIC insured.
Investors may receive periodic contingent coupons only if, on each observation date, the Western Digital share price is at or above a preset coupon barrier. The notes are automatically called early if the share price on any observation date (before the final one) is at or above the initial level, paying back principal plus any due coupon, after which no further payments are made.
If the notes are not called and Western Digital’s final share price is at or above a downside threshold, UBS repays the $10 principal per note at maturity, with a contingent coupon if the coupon barrier is also met. If the final price is below the downside threshold, repayment is reduced in line with the share’s decline, and investors can lose most or all of their investment. The preliminary document shows a hypothetical contingent coupon rate of 24.38% per annum on a $10 note. Minimum investment is 100 notes at $10 each, and the estimated initial value is expected between $9.36 and $9.61 per note.
UBS AG is offering $500,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Wells Fargo & Company, maturing on February 4, 2028. These unsecured debt securities pay a contingent coupon only when Wells Fargo’s share price is at or above a preset coupon barrier on monthly observation dates.
The notes can be called early after six months if the share price is at or above the initial level, returning principal plus any due coupon. If not called and the final share price is at or above a downside threshold (70% of the initial level in the examples), investors receive principal back, potentially with a final coupon. If the final price is below this threshold, repayment is reduced in line with the stock’s decline and all principal can be lost.
Payments depend on UBS’s creditworthiness, the notes are not insured or exchange-listed, and the estimated initial value is $9.81 per $10 note, reflecting internal funding and pricing assumptions.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Wells Fargo & Company, maturing on or about February 4, 2028. Each Note has a principal amount of $10, with a minimum investment of 100 Notes.
Investors receive a contingent coupon only if Wells Fargo’s stock closes at or above a preset coupon barrier on monthly observation dates. The Notes are automatically called if the stock closes at or above the initial level on any observation date after six months, paying back principal plus the applicable coupon, with no further payments.
If the Notes are not called and the final stock level is at or above the downside threshold, UBS repays principal (and a final coupon if the 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 some or all of their initial investment. All payments depend on the creditworthiness of UBS, and the estimated initial value per Note on the trade date is expected between $9.44 and $9.69.
UBS AG is offering $500,000 Trigger Autocallable Contingent Yield Notes linked to the common stock of Oracle Corporation, maturing on February 4, 2027. These are unsubordinated, unsecured debt obligations of UBS.
Investors receive a contingent coupon only if Oracle’s share price on each quarterly observation date is at or above the coupon barrier. The notes are automatically called early if Oracle’s price is at or above the initial level on any observation date after six months, returning principal plus the applicable coupon, with no further payments.
If the notes are not called and Oracle’s final level on February 2, 2027 is at or above the downside threshold, UBS repays the $10 principal per Note, plus any final contingent coupon if the coupon barrier is met. If the final level is below the downside threshold, repayment is reduced in line with Oracle’s percentage decline, and investors can lose all of their investment.
The notes are not listed on any exchange, have a minimum investment of 100 Notes at $10 each, and had an estimated initial value of $9.78 per Note, based on UBS internal pricing models. All payments depend on UBS’s creditworthiness; a UBS default could result in total loss.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Oracle Corporation common stock, maturing around February 4, 2027. Each Note has a $10 principal amount, with a minimum investment of 100 Notes (a $1,000 investment). UBS may pay a contingent coupon on quarterly observation dates if Oracle’s share price is at or above a preset coupon barrier; a hypothetical example uses a 15.69% per annum contingent coupon and a $0.3923 coupon per period.
The Notes can be automatically called after about six months if Oracle’s share price is at or above the initial level, returning principal plus any due coupon, with no further payments. If not called and the final share price is at or above a downside threshold (illustrated at 60% of the initial level, or $60.00), investors receive full principal at maturity, plus a final coupon if the coupon barrier is also met. If the final share price is below the downside threshold, repayment is reduced in line with Oracle’s percentage decline, and investors could lose all of their investment.
The estimated initial value on the trade date is expected to be between $9.41 and $9.66 per $10 Note. Payments depend on UBS’s credit; if UBS defaults, investors may recover nothing. The Notes will not be listed on any exchange, and secondary market liquidity may be limited.
UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the S&P 500, Russell 2000 and Nasdaq‑100 indexes, maturing on or about March 2, 2029. These are unsubordinated, unsecured debt obligations of UBS.
The Notes pay a contingent coupon at an annual rate of 11.20%, credited monthly only if on each observation date all three indexes close at or above their coupon barriers, set at 75% of their respective initial levels. UBS may call the Notes monthly, beginning after three months, paying 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 index closes at or above its downside threshold (70% of its initial level), investors receive principal back (plus a final coupon if all are also above the coupon barriers). If any index finishes below its downside threshold, repayment is reduced one‑for‑one with the worst index’s decline, up to a total loss of principal.
The Notes will not be listed on any exchange. Any payment depends entirely on UBS’s credit; a UBS default could result in losing all invested principal. The estimated initial value per Note on the trade date is expected to fall between $956.50 and $986.50, below the issue price due to underwriting compensation, hedging, and issuance costs.
UBS AG is offering Buffer Callable Contingent Yield Notes linked to the least performing of the Russell 2000 Index and the S&P 500 Index, maturing around November 30, 2028. Each $1,000 Note pays an 11.00% per annum contingent coupon on monthly observation dates only if both indices close at or above their coupon barriers, set at 85% of their initial levels.
UBS may call the Notes in whole on any observation date beginning after 6 months, repaying principal plus any due coupon, after which no further payments are made. If not called and each index finishes at or above its downside threshold (also 85% of initial), investors receive full principal at maturity. If any index ends below its downside threshold, repayment is reduced according to the loss of the worst-performing index beyond a 15% buffer, and investors can lose almost all of their investment. The Notes are unsecured, unsubordinated UBS debt, not listed on any exchange, and all payments depend on UBS’s credit. The estimated initial value per Note is expected between $962.10 and $992.10, lower than the $1,000 issue price due to fees, hedging and funding costs.
UBS AG is issuing $1,286,000 of Trigger Autocallable Contingent Yield Notes linked to Delta Air Lines, Inc. common stock, maturing February 2, 2029. The notes pay an 11.00% per annum contingent coupon when Delta’s share price is at or above the $32.95 coupon barrier on monthly observation dates.
The notes can be automatically called after six months if Delta closes at or above the $65.89 call threshold, returning principal plus the applicable coupon, with no further payments. If held to maturity and Delta remains at or above the $32.95 downside threshold, investors receive full principal; if it finishes below that level, repayment is reduced in line with Delta’s percentage decline, up to a total loss. The notes are unsecured obligations of UBS, not listed on any exchange, and have an estimated initial value of $980.60 per $1,000 note.
UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the S&P 500® Index, Russell 2000® Index and Nasdaq-100 Index®, maturing around March 2, 2029. The issue price is $1,000 per Note, with a contingent coupon rate of 10.05% per annum.
Contingent coupons are paid only if on each monthly observation date all three indices close at or above their coupon barriers, set at 75% of their initial levels; downside thresholds are 60% of initial levels. UBS may call the Notes monthly after three months, returning principal plus any due coupon.
If the Notes are not called and any index finishes below its downside threshold on the final valuation date, holders receive less than principal, based on the worst-performing index, and could lose their entire investment. Payments depend on UBS’s credit, and the estimated initial value is expected between $956.30 and $986.30 per $1,000 Note.
UBS AG is offering Trigger Callable Contingent Yield Notes linked to the worst performer of three equity indexes: the Nasdaq-100® Technology Sector Index, the Russell 2000® Index and the S&P 500® Index, maturing on or about February 1, 2028.
Each $1,000 note pays a contingent coupon at an annual rate of 11.40% (about $9.50 per month) only if, on a monthly observation date, the closing level of every index is at or above its coupon barrier, set at 70% of its initial level. If any index is below its barrier on an observation date, no coupon is paid for that month.
UBS may call the notes in whole, at its discretion, on any observation date beginning after three months, paying back principal plus any due coupon, ending all future payments. If the notes are not called and, at maturity, every index is at or above its 70% downside threshold, investors receive full principal. If any index finishes below its downside threshold, repayment is reduced one-for-one with the loss on the weakest index, and investors can lose all of their investment. All payments depend on UBS’s ability to meet its obligations, and the estimated initial value is expected to be between $954.70 and $984.70 per $1,000 note, reflecting underwriting discounts and internal funding costs.
UBS AG is offering buffer callable contingent yield notes linked to the worst performer of the Russell 2000® and S&P 500® Indexes, each in $1,000 denominations and maturing on or about November 29, 2028.
The notes pay a 7.35% per annum contingent coupon for any monthly observation date when both indexes close at or above 85% of their initial levels. UBS can call the notes in whole on any observation date after six months, returning principal plus any due coupon. If the notes are not called and either index finishes below 85% of its initial level at maturity, investors lose principal beyond a 15% downside buffer, potentially almost all of their investment. All payments depend on UBS’s creditworthiness.
UBS AG is offering unsecured Trigger Callable Contingent Yield Notes linked to the worst performer among the Russell 2000 Index, Technology Select Sector SPDR Fund and Utilities Select Sector SPDR Fund, with a term of about 27 months and a $1,000 denomination per note.
Investors receive a 13.60% per annum contingent coupon only when all three underlyings close at or above 70% of their initial levels on an observation date; otherwise no coupon is paid. UBS may call the notes after three months, in which case investors receive principal plus any due coupon, ending the trade early.
If the notes are not called and, at maturity, any underlying finishes below its 70% downside threshold, repayment is reduced in line with the worst-performing asset’s loss, up to a total loss of principal. The notes carry UBS credit risk, will not be listed, may have limited liquidity, and their estimated initial value (about $955–$985) is below the $1,000 issue price due to fees, hedging and UBS’ internal funding rate.
UBS AG is offering capped buffer contingent absolute return securities linked to the worst performer of the Dow Jones Industrial Average and the S&P 500 Index, maturing around August 27, 2027.
Each $1,000 note provides upside exposure to the least performing index up to a 16.00% maximum upside gain, with no periodic interest. If the worst index finishes flat or down but no lower than 85% of its initial level, holders receive a contingent absolute return equal to the magnitude of that decline, capped at 15.00%.
If the least performing index closes below its downside threshold, repayment is reduced by losses beyond the 15.00% buffer, and investors can lose almost all principal. The notes are unsecured debt of UBS, not deposits, and all payments depend on UBS’s credit.
UBS AG is offering Trigger Callable Contingent Yield Notes due on or about March 1, 2029, linked to the least performing of the S&P 500 Index, Russell 2000 Index and Nasdaq-100 Index.
The Notes pay a contingent coupon at an annual rate of 8.70% only if, on each monthly observation date, the closing level of every index is at or above its coupon barrier, initially set at 75% of its initial level. UBS may redeem the Notes early, in whole, on any observation date starting after six months, paying principal plus any due coupon.
If the Notes are not called and, on the final valuation date, every index is at or above its downside threshold of 70% of its initial level, investors receive full principal back (and a coupon if barriers are met). If any index finishes below its downside threshold, the maturity payment is reduced one-for-one with the worst index’s percentage decline, and the entire investment can be lost.
The Notes are unsecured, unsubordinated obligations of UBS AG, not bank deposits, not insured, and subject to UBS credit risk and potential Swiss regulatory resolution powers. They will not be listed, may have limited liquidity, and their estimated initial value is expected between $936.80 and $966.80 per $1,000 issue price, reflecting dealer compensation, hedging and other costs.
UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the Nasdaq-100 Technology Sector Index, Russell 2000 Index and S&P 500 Index, maturing on or about February 9, 2029.
The Notes pay a 9.70% per annum contingent coupon, credited monthly only if each index closes at or above its coupon barrier, set at 70% of its initial level. UBS can call the Notes in whole on any monthly observation date after six months, returning principal plus any due coupon.
If not called and any index finishes below its 60% downside threshold at maturity, repayment is reduced one-for-one with the worst-performing index, and investors can lose all principal. Each Note is priced at $1,000, with an underwriting discount up to $9.50 per Note and estimated initial value between $953.60 and $983.60. Payments depend entirely on UBS’s credit.