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 Contingent Income Auto-Callable Securities linked to the worst performer of Apple, Amazon and Alphabet Class A common stock, maturing around February 10, 2028. Each security has a stated principal amount of $1,000.
Investors can receive a contingent payment of $25 per security (10.00% per annum) on each quarterly determination date if the closing price of every underlying stock is at or above 50% of its initial price (the coupon barrier level). If any stock is below its barrier, no payment is made for that period.
If, on any non-final determination date, all three stocks close at or above 100% of their initial prices (call threshold levels), the notes are automatically redeemed for $1,000 plus the applicable $25 contingent payment, ending the investment early.
At maturity, if all final stock prices are at or above their 50% downside threshold levels, investors receive $1,000 plus any final contingent payment. If any stock finishes below its downside threshold, repayment is reduced in line with the worst-performing stock’s percentage loss, and investors can lose most or all of their principal.
The notes pay no dividends, do not participate in stock price appreciation, are expected to have an initial estimated value between $921.10 and $951.10 per $1,000, will not be listed on an exchange and are unsecured, unsubordinated obligations subject to the credit risk of UBS AG.
UBS AG is offering trigger callable contingent yield notes linked to the worst performer of the Russell 2000 Index and the S&P 500 Index, maturing around February 2, 2028. The notes pay an 8.40% per annum contingent coupon only if both indices close at or above 70% of their initial levels on monthly observation dates.
UBS may call the notes in whole, beginning after three months, paying back principal plus any due coupon; after a call, no further payments are made. If the notes are not called and both indices finish at or above 55% of their initial levels, investors receive full principal at maturity.
If the notes are not called and either index finishes below its 55% downside threshold, repayment is reduced one-for-one with the decline of the worst-performing index, and investors can lose all principal. The notes are unsecured UBS debt, not FDIC insured, will not be listed on an exchange, and have an estimated initial value between $962.70 and $992.70 per $1,000 note.
UBS AG is offering Contingent Income Auto-Callable Securities linked to the common stock of The Home Depot, Inc. These unsecured notes run to about February 9, 2029 and pay a $27 contingent coupon per $1,000 on each determination date if Home Depot’s share price is at or above 80% of the initial price.
If the stock closes at or above 100% of the initial price on any non-final determination date, the notes are automatically called, returning principal plus that period’s $27 coupon. If they are not called and Home Depot’s final price is below 80% of the initial level, investors receive a cash amount that falls in line with the stock’s decline, and they can lose most or all of their investment. Holders do not receive dividends or upside in the stock, the notes are not listed on any exchange, and all payments depend on UBS’s credit, with an estimated initial value between $941.30 and $971.30 per $1,000 issue price.
UBS AG is offering trigger callable contingent yield notes linked to the Russell 2000, S&P 500 and EURO STOXX 50 indexes. The notes are unsecured debt of UBS, issued in $10 denominations, with a term of about 39 months to May 2029.
Holders receive a contingent coupon only if, on every trading day in a quarter, each index stays at or above a coupon barrier set at 70% of its initial level. The indicative minimum contingent coupon rate is at least 10.65% per annum, paid quarterly when conditions are met. UBS may call the notes in whole on any quarterly observation end date before maturity, returning principal plus any due coupon.
If the notes are not called and, at maturity, any index finishes below its downside threshold of 60% of its initial level, investors take a loss matching the negative return of the worst-performing index and could lose their entire principal. All payments depend on UBS’s creditworthiness, and the notes will not be listed on an exchange.
UBS AG is offering Contingent Income Auto-Callable Securities with Memory Coupon linked to the common stock of UnitedHealth Group Incorporated, maturing on or about February 11, 2027. Each security has a stated principal amount of $1,000 and pays a contingent coupon of $38.50 per determination date, equivalent to 15.40% per annum, only if the UnitedHealth share price is at or above 75% of the initial price (the downside threshold level).
If on any non-final determination date the share price is at or above 100% of the initial price (the call threshold level), the notes are automatically redeemed early for principal plus the due coupon and any previously unpaid coupons under the memory feature. If the notes are not called and the final price is below the downside threshold, investors receive a cash amount based on the exchange ratio multiplied by the final price, which can result in a significant or total loss of principal. Investors do not participate in any upside of the underlying stock, forgo dividends, and are fully exposed to the credit risk of UBS AG.
UBS AG London Branch is offering unsecured Contingent Income Auto-Callable Securities linked to the worst performer of the Nikkei 225, Russell 2000 and S&P 500, maturing on or about February 2, 2029, in $1,000 denominations.
Investors may receive a $26.00 contingent payment per observation period (equivalent to 10.40% per annum of principal) if all three indices stay at or above 80% of their initial levels on every trading day in that period, with a memory feature that can pay previously missed coupons later.
The notes auto-call at par plus due and unpaid coupons if on an observation end date all indices are at or above 100% of initial levels. If held to maturity and any index finishes below 65% of its initial level, repayment is reduced one-for-one with the worst index’s loss, and principal can be wiped out.
Investors forgo index upside and dividends, face limited or no liquidity, and take UBS credit risk. Upfront costs are reflected in total fees of 2.25% per $1,000, and the estimated initial value is expected between $918.50 and $948.50 per security.
UBS AG is offering $14,385,000 of Trigger Callable Contingent Yield Securities due January 31, 2028, linked to the worst performer among the Nikkei 225, Russell 2000 and S&P 500 indices. Each $1,000 security pays a 9.10% annualized contingent coupon ($22.75 quarterly) only when all three indices remain at or above 65% of their initial levels.
UBS can call the notes on any observation date, returning $1,000 per security plus any due coupon, after which no further payments are made. If the notes are not called and any index finishes below 65% of its start level at maturity, repayment is reduced in line with the worst index’s loss, and investors can lose most or all of their principal. All payments depend on UBS’s credit, and the estimated initial value per security is $958.50 versus the $1,000 issue price.
UBS AG is offering $100,000 of Trigger Autocallable Contingent Yield Notes linked to Alphabet Inc. common stock, maturing January 31, 2028. Each Note has a $10 principal amount and pays a contingent coupon only when Alphabet’s closing level is at or above a coupon barrier on an observation date.
The Notes can be automatically called before maturity if Alphabet’s level is 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 Alphabet’s final level is at or above the downside threshold, principal is repaid; if it is below, repayment is reduced in line with the share decline, and all principal can be lost.
A hypothetical structure includes a 10.12% per annum contingent coupon ($0.253 per quarter on a $10 Note) with both the downside threshold and coupon barrier set at $70.00, or 70% of the initial level. The estimated initial value is $9.74 per $10 Note. All payments depend on UBS’s creditworthiness, and the Notes are not listed, carry significant market and liquidity risk, and are only suitable for investors who understand and can bear full equity and issuer credit risk.
UBS AG is offering $1,030,000 of Trigger Autocallable Contingent Yield Notes linked to Amazon.com, Inc. common stock, maturing on January 31, 2028. These unsecured notes pay a contingent coupon only when Amazon’s share price on each observation date is at or above a preset coupon barrier, and may be automatically called early if the share price is at or above the initial level.
If the notes are not called and Amazon’s final share price is at or above the downside threshold, investors receive back the $10 principal per note, plus any due coupon. If the final share price is below the downside threshold, repayment is reduced in line with Amazon’s percentage decline, and investors can lose all of their investment. The notes are subject to UBS credit risk, will not be listed on an exchange, have a minimum purchase of 100 notes at $10 each, and an estimated initial value of $9.84 per note.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Alphabet Inc., maturing on or about January 31, 2028. These unsecured debt securities pay a contingent coupon only when Alphabet’s closing level on an observation date is at or above a specified coupon barrier.
The Notes may be automatically called before maturity if Alphabet’s closing level on any observation date (other than the final one) is at or above the initial level, in which case investors receive the principal plus any due contingent coupon and no further payments. If not called, and Alphabet’s final level is at or above a downside threshold, investors receive the full principal; if it is below that threshold, repayment is reduced in proportion to Alphabet’s decline and can fall to zero.
The Notes are subject to the credit risk of UBS, are not insured, and will not be listed on any exchange. The minimum investment is 100 Notes at $10 each. The estimated initial value per Note on the trade date is expected to be between $9.44 and $9.69, reflecting UBS’s internal pricing models.
UBS AG is offering $500,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Freeport-McMoRan Inc., maturing on January 30, 2029. These are unsecured, unsubordinated debt obligations of UBS, not bank deposits and not FDIC insured.
Investors receive a contingent coupon only when the stock closes at or above a coupon barrier on quarterly observation dates; otherwise no coupon is paid. The notes can be automatically called after six months if the stock meets or exceeds its initial level, returning principal plus the due coupon. If not called, and the final stock level is at or above a downside threshold, principal is repaid at maturity; if it is below, repayment is reduced in line with the stock’s loss, up to a total loss of principal. All payments depend on UBS’s credit, and the estimated initial value is $9.72 per $10 note, with a minimum investment of 100 notes ($1,000).
UBS AG is offering unsecured Trigger Autocallable Contingent Yield Notes linked to the common stock of Amazon.com, Inc., maturing on or about January 31, 2028. Each Note has a principal amount of $10, with a minimum investment of 100 Notes, or $1,000.
UBS will pay contingent coupons only when Amazon’s closing share price on an observation date is at or above a preset coupon barrier. The Notes are automatically called before maturity if Amazon’s share price on any earlier observation date is at or above the initial level, in which case holders receive principal plus the applicable coupon and no further payments.
If the Notes are not called and Amazon’s final share price is at or above a downside threshold, investors receive principal back at maturity, potentially with a final coupon. If it is below that threshold, repayment is reduced in line with Amazon’s percentage decline, and the entire investment can be lost. Payments depend on the creditworthiness of UBS, the Notes will not be listed on any exchange, and the estimated initial value on the trade date is expected to be between $9.46 and $9.71 per $10 Note.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Freeport‑McMoRan Inc., maturing on or about January 30, 2029. Each Note has a principal amount of $10, with a minimum investment of 100 Notes (a $1,000 investment).
Investors receive contingent coupons only when the stock closes at or above a preset coupon barrier on quarterly observation dates. The Notes are automatically called early if the stock closes at or above its initial level on any observation date after six months, returning principal plus the applicable contingent coupon.
If the Notes are not called and the final stock level is at or above a downside threshold, investors receive full principal at maturity; if it is below the threshold, repayment is reduced in line with the stock’s decline and can fall to zero. The Notes are unsecured obligations of UBS, are not insured, will not be listed on an exchange, and have an estimated initial value between $9.34 and $9.59 per $10 Note.
UBS AG is offering $180,000 of Buffer Autocallable Contingent Yield Notes with Memory Interest linked to the worst performer of the VanEck Gold Miners ETF (GDX) and the iShares Silver Trust (SLV), maturing on January 30, 2031.
The Notes pay an 11.00% per annum contingent coupon (about $9.1667 per $1,000 monthly) only if both ETFs close at or above their coupon barriers, with missed coupons potentially paid later under the memory feature. The Notes can be called quarterly, beginning after six months, if both ETFs are at or above their call thresholds (100% of initial levels), returning principal plus due and unpaid coupons.
At maturity, if never called and both final levels are at or above their downside thresholds (85% of initial levels), investors receive full principal; otherwise repayment is reduced beyond a 15% buffer based on the least-performing ETF, and losses can approach the entire investment. The Notes are unsecured UBS obligations with an estimated initial value of $916.50 per $1,000, reflecting fees, funding costs and dealer compensation.
UBS AG is offering $2,023,000 of Trigger Autocallable Contingent Yield Notes linked to the SPDR® S&P® Regional Banking ETF, maturing in approximately three years.
The notes pay an 8.50% per annum contingent coupon only when the ETF closes at or above a 70% coupon barrier on quarterly observation dates and can be automatically called at 100% of the initial level. If not called and the final level is below the 70% downside threshold, investors suffer a loss matching the ETF’s percentage decline, up to total loss of principal. All payments depend on UBS’s credit, the notes are not listed, may have limited liquidity, and involve complex U.S. tax treatment.
UBS AG is offering $1,005,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Intuitive Surgical, Inc., maturing January 31, 2028. These unsecured, unsubordinated notes pay a contingent coupon only if the stock closes on or above a preset coupon barrier on each observation date.
If on any observation date before maturity the stock closes at or above its initial level, the notes are automatically called and investors receive the $10 principal per note plus any due contingent coupon, with no further payments. If the notes are not called and the final stock level is at or above the downside threshold, investors receive principal back at maturity.
If the notes are not called and the final level is below the downside threshold, repayment is reduced in line with the stock’s percentage decline, and investors can lose their entire investment. All payments depend on UBS’s credit. The notes are not listed, require a minimum $1,000 investment, and had an estimated initial value of $9.84 per $10 note on the trade date.
UBS AG is offering $300,000 of Trigger Autocallable Contingent Yield Notes linked to UnitedHealth Group common stock, maturing on February 1, 2027. These are unsecured, unsubordinated debt obligations of UBS with no principal guarantee.
Holders receive a contingent coupon only if the stock closes at or above a preset coupon barrier on each observation date; otherwise no coupon is paid. The notes auto-call early if the stock closes at or above the initial level, returning principal plus the due coupon, with no further payments.
If not called and the final stock level is at or above the downside threshold, UBS repays the $10 principal per Note. If it is below the threshold, repayment is reduced in line with the stock’s percentage decline, and the entire investment can be lost. All payments depend on UBS’s credit. The notes are not exchange-listed, have a minimum $1,000 investment, and an estimated initial value of $9.73 per Note.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Intuitive Surgical, Inc., maturing on or about January 31, 2028. These unsubordinated, unsecured debt obligations pay a contingent coupon only when the stock closes at or above a defined 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 before maturity. In that case, investors receive the principal plus any due contingent coupon and no further payments. If the notes are not called and the final stock level is at or above a downside threshold, investors receive full principal at maturity, plus any final contingent coupon.
If the notes are not called and the final level is below the downside threshold, repayment is reduced in line with the stock’s decline, and investors can lose some or all of their initial investment. All payments depend on the creditworthiness of UBS. The notes are offered in minimums of 100 notes at $10 per note, with an estimated initial value between $9.46 and $9.71 per note.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Amazon.com, Inc., maturing on or about January 31, 2028. These are unsecured, unsubordinated debt obligations of UBS that pay income only under specific market conditions.
UBS will pay a contingent coupon on each observation date, including the final valuation date, only if Amazon’s share price is at or above a preset coupon barrier. The notes are automatically called early if Amazon’s share price on any observation date before maturity is at or above the initial level, in which case investors receive principal plus that period’s contingent coupon and no further payments.
If the notes are not called and Amazon’s final share price is at or above the downside threshold, investors receive only their principal at maturity, plus any final contingent coupon if the coupon barrier is met. If the final price is below the downside threshold, repayment is reduced in line with the stock’s decline, and investors can lose all of their initial investment. The minimum investment is 100 notes at $10 each, and the estimated initial value is expected to be between $9.46 and $9.71 per $10 note, reflecting UBS’s internal pricing and funding costs.
UBS AG is offering $1,085,000 of Trigger Autocallable Contingent Yield Notes linked to Amazon.com, Inc. common stock, maturing January 31, 2028. These unsecured notes pay a contingent coupon only when Amazon’s share price on a quarterly observation date is at or above a coupon barrier set at 70% of the initial level, with an indicated hypothetical rate of 11.46% per year on a $10 denomination.
The notes can be automatically called after six months if Amazon’s stock is at or above the initial level on any observation date, returning principal plus the applicable coupon and ending further payments. If not called, and the final stock level is at or above the 70% downside threshold, investors receive principal back at maturity, plus the final coupon if the barrier is met. If the final level is below the downside threshold, repayment falls in line with the stock’s percentage decline, and investors can lose some or all of their investment.
The notes are senior unsecured obligations of UBS, subject to UBS’s credit risk, are not bank deposits, are not insured, and will not be listed on an exchange. The estimated initial value is $9.80 per $10 note, with a minimum investment of 100 notes ($1,000).
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of UnitedHealth Group Incorporated, maturing on or about February 1, 2027. These unsecured debt securities pay a contingent coupon only if the stock closes at or above a specified coupon barrier on each observation date.
The notes are automatically called early if the stock closes at or above the initial level on any observation date before maturity, paying back principal plus the applicable contingent coupon, with no further payments. If not called and the final stock level is at or above a downside threshold, investors receive only their principal back at maturity.
If the notes are not called and the final level is below the downside threshold, repayment is reduced in line with the stock’s percentage decline, and investors can lose all of their initial investment. Any payment depends on UBS’s credit; a default could result in a total loss. The notes are not listed, require a minimum purchase of 100 notes at $10 each, and have an estimated initial value between $9.37 and $9.62 per note.
UBS AG is offering $271,000 in Buffer Autocallable Contingent Yield Notes linked to the weakest performer between the VanEck Gold Miners ETF (GDX) and the Energy Select Sector SPDR Fund (XLE), maturing on February 1, 2028.
The notes pay a contingent coupon at a 12.30% per annum rate (about $10.25 per $1,000 note per month) only if both ETFs stay at or above their coupon barriers, set at 80% of initial levels. They can be called quarterly after six months if both ETFs are at or above their initial levels, returning principal plus the coupon.
At maturity, if never called and both ETFs are at or above 80% of initial, principal is repaid; if either finishes below 80%, losses match that ETF’s decline beyond a 20% buffer, up to nearly total loss. Payments depend on UBS credit, and the estimated initial value is $946.20 per $1,000 note, below issue price.
UBS AG is offering $300,000 of Trigger Autocallable Contingent Yield Notes linked to the iShares Silver Trust ETF. These unsecured, unsubordinated notes can pay a contingent coupon of 22.88% per annum (about $0.572 per $10 note per period) if the ETF’s closing level on an observation date is at or above a coupon barrier set at 60% of the initial level.
The notes are automatically called early if, on any observation date before maturity, the ETF closes at or above its initial level, in which case investors receive $10 per note plus the applicable coupon and no further payments. If not called, and at final valuation in January 2028 the ETF is at or above the 60% downside threshold, investors receive full principal back and, if the barrier is met, a final coupon. If the final level is below the downside threshold, repayment is reduced in line with the ETF’s decline, and all principal can be lost.
The notes settle in January 2026 and mature in January 2028, are not listed on any exchange, and involve both market risk tied to silver prices and UBS credit risk. The estimated initial value is $9.60 per $10 note, and the minimum investment is 100 notes ($1,000).
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the iShares Silver Trust shares, maturing on February 1, 2027. These unsecured debt notes pay a contingent coupon only when the ETF’s closing level on an observation date is at or above a preset coupon barrier.
The notes can be called early if the ETF closes at or above its initial level on any observation date before maturity, returning the $10 principal per note plus the due coupon, with no further payments. If not called and the final level is at or above the downside threshold, principal is repaid at maturity.
If the final level is below the downside threshold, repayment is reduced in line with the ETF’s percentage decline, and the entire investment can be lost. A sample structure shows a 10.97% per annum contingent coupon, a downside threshold and coupon barrier each at 50% of the initial level, and an estimated initial value of $9.57 per $10 note.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to shares of the iShares Silver Trust, maturing around January 31, 2028. These are unsecured, unsubordinated debt obligations of UBS, not bank deposits and not FDIC insured.
Investors receive contingent coupons only when the ETF’s closing level on an observation date is at or above a preset coupon barrier. The notes are automatically called early if the ETF is at or above its initial level on any observation date before final valuation, returning principal plus that period’s coupon.
If not called, and the final ETF level is at or above a downside threshold, UBS repays principal at maturity. If the final level is below the downside threshold, repayment is reduced in line with the ETF’s decline, and investors can lose all of their initial investment. Payments depend entirely on UBS’s credit, and the notes will not be listed on any exchange. The minimum investment is 100 notes at $10 each, and the estimated initial value is expected to be between $9.30 and $9.55 per note.
UBS AG is offering $200,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Freeport-McMoRan Inc., maturing on January 31, 2028. These unsecured debt securities pay a contingent coupon only if the stock closes at or above a specified coupon barrier on each observation date.
The notes are automatically called early if the stock closes at or above the initial level on any observation date before the final valuation date, in which case investors receive the $10 principal per note plus any due coupon and no further payments. If not called and the final stock level is at or above a downside threshold, principal is repaid at maturity; if it is below that threshold, repayment is reduced in line with the stock’s decline, and investors can lose all of their investment.
The minimum investment is 100 notes (representing $1,000). The estimated initial value is $9.76 per $10 note. All payments depend on UBS’s creditworthiness, the notes are not insured or listed on any exchange, and the issuer emphasizes that they are significantly riskier than conventional debt instruments.
UBS AG is offering unsecured Trigger Autocallable Contingent Yield Notes linked to the shares of the iShares Silver Trust. The Notes pay a contingent coupon only when the ETF’s closing level on an observation date is at or above a preset coupon barrier; otherwise no coupon is paid.
The Notes can be automatically called before maturity if the ETF closes at or above its initial level on any observation date, in which case investors receive principal plus any due coupon and the Notes terminate. If not called, principal is fully repaid at maturity only if the final level is at or above a downside threshold; below that level, repayment is reduced in line with the ETF’s percentage decline and investors can lose all of their investment.
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 $9.34 and $9.59 per Note.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Freeport-McMoRan Inc., maturing around January 31, 2028. These unsecured debt notes pay a contingent coupon only when the stock closes at or above a preset coupon barrier on each observation date.
The notes are automatically called early if the stock closes at or above the initial level on any observation date before the final valuation date; in that case, investors receive the $10 principal per note plus any due coupon, and the notes terminate. If the notes are not called and the final stock level is at or above the downside threshold, investors receive their full principal at maturity.
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 decline, and investors can lose most or all of their investment. The notes are offered at $10 per note, in minimum investments of 100 notes, with an estimated initial value between $9.42 and $9.67 per note based on UBS’s internal models. All payments depend on the creditworthiness of UBS, and the notes will not be listed on an exchange.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Meta Platforms, Inc. with a scheduled maturity on January 31, 2028.
The notes can pay contingent coupons only when Meta’s closing level on an observation date is at or above a preset coupon barrier. They are automatically called early if Meta’s level on any observation date (before maturity) is at or above the initial level, in which case investors receive principal plus the applicable coupon and the notes terminate.
If the notes are not called and Meta’s final level is at or above the downside threshold, investors receive the $10 principal per note at maturity (plus any final coupon if the coupon barrier is also met). If the final level is below the downside threshold, repayment is reduced in line with Meta’s negative return, and the investment can lose all principal. All payments depend on UBS’s credit; an issuer default could result in a total loss. The notes are not listed, have a minimum investment of 100 notes at $10 each, and an estimated initial value of $9.71 per note.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Meta Platforms, Inc., maturing on or about January 31, 2028. These unsecured notes pay a contingent coupon only if Meta’s share price on each observation date is at or above a preset coupon barrier.
The notes can be called early if Meta’s share price is at or above the initial level on any observation date before maturity, in which case investors receive the principal plus that period’s contingent coupon and no further payments. If the notes are not called and Meta’s final level is at or above the downside threshold, investors receive full principal back; if it is below the downside threshold, repayment is reduced in line with Meta’s decline, and all principal can be lost.
The notes are subject to UBS credit risk, will not be listed on any exchange, and require a minimum investment of 100 notes at $10 each. The estimated initial value per note on the trade date is expected to be between $9.41 and $9.66, reflecting UBS’ internal pricing models and funding considerations.
UBS AG is offering $775,000 of Trigger Callable Contingent Yield Notes linked to the least performing of the Nasdaq-100® Technology Sector Index, the Russell 2000® Index and the S&P 500® Index, maturing on July 30, 2027.
The notes pay a contingent coupon at a 12.25% per annum rate, in monthly installments of $10.2083 per $1,000 note, but only when all three indices close at or above their coupon barriers, set at 70% of initial levels. UBS can call the notes in whole, beginning after three months, on any monthly observation date; if called, investors receive principal plus any due coupon, and the product terminates early.
If not called and each index finishes at or above its 70% downside threshold, investors receive full principal at maturity. If any index ends below its downside threshold, repayment is reduced in line with the negative return of the worst-performing index, and investors can lose some or all of their initial investment. The notes are unsecured obligations of UBS, carry UBS credit risk, will not be listed, and have an estimated initial value of $982 per $1,000 note, below the issue price.
UBS AG is offering $200,000 of Trigger Autocallable Contingent Yield Notes linked to Oracle Corporation common stock, maturing January 31, 2028. These unsecured notes can pay a high contingent coupon, but coupons are only paid when Oracle’s closing price is at or above a preset coupon barrier on each observation date.
The notes may be automatically called before maturity if Oracle’s price on any observation date reaches or exceeds the initial level. In that case, investors receive the $10 principal per note plus the applicable contingent coupon, and the investment ends.
If the notes are not called, principal is protected at maturity only if the final Oracle price is at or above the downside threshold, set at 60% of the initial level in the hypothetical examples. If the final price is below this threshold, repayment is reduced in line with Oracle’s decline, and investors can lose all of their investment.
The hypothetical contingent coupon rate is 19.66% per year, with an example quarterly coupon of $0.4915 per $10 note, reflecting the higher income potential but also higher risk. The minimum purchase is 100 notes ($1,000), and the estimated initial value is $9.79 per $10 note, based on UBS’s internal pricing models.
UBS AG is offering $500,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of NIKE, Inc., maturing on January 30, 2029. These are unsubordinated, unsecured UBS debt securities, not bank deposits and not FDIC insured.
Investors receive contingent coupons only if NIKE’s closing level on each observation date is at or above a preset coupon barrier; otherwise no coupon is paid for that period. Starting about six months after issuance, the notes are automatically called if NIKE’s level on an observation date is at or above the initial level, returning principal plus any due coupon, with no further payments.
If the notes are not called and NIKE’s final level is at or above a downside threshold, UBS repays principal at maturity. If the final level is below the downside threshold, repayment is reduced in line with NIKE’s decline and can fall to zero, resulting in loss of all principal. All payments depend on UBS’s creditworthiness. The notes are offered in $10 denominations, minimum 100 notes, and will not be listed on any exchange; UBS estimates the initial value at $9.71 per note.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Oracle Corporation, maturing on or about January 31, 2028. These are unsecured, unsubordinated debt obligations with payments fully dependent on UBS’s creditworthiness.
The Notes can pay periodic contingent coupons only if Oracle’s share price on each observation date is at or above a specified coupon barrier. They are automatically called early if Oracle’s stock closes at or above the initial level on any observation date before the final valuation date, in which case investors receive principal plus the applicable contingent coupon and no further payments.
If not called, and Oracle’s final share level is at or above the downside threshold, investors receive the full principal at maturity (plus any final contingent coupon if the coupon barrier is met). If the final level is below the downside threshold, the redemption amount is reduced in line with the percentage decline in Oracle’s stock, and investors can lose all of their initial investment. The Notes are not listed, have an expected minimum purchase of 100 Notes at $10 per Note, and an estimated initial value between $9.44 and $9.69 per Note.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of NIKE, Inc., maturing on or about January 30, 2029. These are unsecured, unsubordinated debt obligations of UBS.
Investors receive contingent quarterly coupons only when NIKE’s share price is at or above a preset coupon barrier on the relevant observation date. The notes can be automatically called after six months if NIKE’s share price is at or above the initial level, in which case investors receive principal plus the applicable coupon and the product terminates early.
If the notes are not called, principal is protected at maturity only if NIKE’s final share price is at or above a downside threshold. If it is below that threshold, repayment is reduced in line with NIKE’s percentage decline, and investors 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 preliminary document also highlights that the estimated initial value, based on UBS internal models, will be below the public issue price.
UBS AG is offering $200,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Amazon.com, Inc., maturing on January 31, 2028. These unsecured debt securities pay a contingent coupon only when Amazon’s share price on an observation date is at or above a preset coupon barrier.
The notes can be called early if Amazon’s stock is at or above the initial level on any observation date, returning principal plus the applicable contingent coupon, after which no further payments are made. If not called, and the final stock level is at or above the downside threshold, investors receive full principal back; if it is below the downside threshold, repayment is reduced in line with the stock’s decline, up to a total loss of principal.
Illustrative terms include a $10 principal amount per Note, a term of about two years from the January 28, 2026 trade date, a hypothetical 10.84% per annum contingent coupon rate, and both the coupon barrier and downside threshold set at 70% of the initial stock level. The notes are not listed on any exchange, carry significant market and issuer credit risk, and their estimated initial value on the trade date is $9.79 per $10 Note.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Amazon.com, Inc., maturing on or about January 31, 2028. These unsecured notes pay contingent coupons only when Amazon’s share price on an observation date is at or above a preset coupon barrier.
The notes can be automatically called before maturity if the stock closes at or above its initial level on any observation date, in which case investors receive principal plus the applicable coupon and the investment ends. If not called, principal is repaid at maturity only if the final stock level is at or above a downside threshold; otherwise, repayment is reduced in line with the stock’s decline, and investors could lose their entire investment. The notes are not listed, require a minimum $1,000 investment at $10 per note, and have an estimated initial value between $9.44 and $9.69, reflecting UBS’s internal pricing. All payments depend on UBS’s creditworthiness.
UBS AG is offering $300,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Micron Technology, Inc., maturing on February 1, 2027. Each Note has a $10 principal amount and an estimated initial value of $9.77.
The Notes pay a contingent coupon, illustrated at an annual rate of 21.89%, only when Micron’s share price on an observation date is at or above a coupon barrier set at 50% of the initial level. The same 50% level also acts as a downside threshold at maturity.
The Notes are automatically called, returning principal plus the due coupon, if Micron’s share price on any observation date before the final valuation date is at or above the initial level. If not called and Micron finishes below the downside threshold, investors incur a loss matching the share price decline and could lose their entire investment. All payments depend on the creditworthiness of UBS.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Micron Technology, Inc., maturing on or about February 1, 2027. These are unsecured, unsubordinated debt obligations of UBS and are not bank deposits or FDIC insured.
Investors receive contingent coupons only if Micron’s stock closes at or above a specified coupon barrier on each observation date. The notes may be automatically called before maturity if Micron’s stock closes 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 Micron’s final stock level is at or above a downside threshold, investors receive principal back at maturity; if it is below that threshold, repayment is reduced in line with the stock’s decline and investors can lose all of their investment. Minimum investment is 100 notes at $10 each, and the estimated initial value per note is expected to be between $9.41 and $9.66, based on UBS’ internal models.
UBS AG is offering $500,000 of Trigger Autocallable Contingent Yield Notes linked to Micron Technology, Inc. stock, maturing on January 30, 2029. These are unsecured debt obligations of UBS with performance tied to Micron’s share price.
Investors can receive a high contingent coupon, shown in the hypothetical examples as 28.64% per annum (or $0.716 per $10 note per observation period), but only when Micron’s closing level is at or above a coupon barrier set at 60% of the initial level. The notes may be automatically called quarterly, beginning after six months, if Micron closes at or above the initial level, returning principal plus the applicable coupon and ending further payments.
If the notes are not called and Micron’s final level is at or above the downside threshold (also 60% of the initial level), investors receive only their principal at maturity, plus any final coupon if the barrier is met. If the final level is below the downside threshold, repayment is reduced in line with Micron’s percentage decline, and investors can lose some or all of their principal. Payments depend on UBS’s credit, the notes will not be listed on an exchange, and the minimum investment is 100 notes at $10 each. The estimated initial value is $9.70 per $10 note, reflecting internal pricing and funding adjustments.
UBS AG is offering $300,000 of Trigger Autocallable Contingent Yield Notes linked to Palantir Technologies common stock, maturing January 31, 2028. These unsecured notes can pay a high contingent coupon of 21.70% per annum, but only when Palantir’s share price stays at or above a preset coupon barrier.
Notes may be called early if Palantir’s stock closes at or above the initial level on an observation date, returning the $10 principal per Note plus any due coupon. If not called and the final stock level is at or above the downside threshold (60% of the initial level in the examples), principal is repaid; if below, repayment falls in line with the stock’s percentage loss, up to a total loss of principal.
The minimum investment is 100 Notes ($1,000), and the estimated initial value is $9.78 per $10 Note, reflecting UBS’s internal pricing and funding costs. All payments depend on UBS’s credit; if UBS defaults, investors could lose some or all of their investment.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Micron Technology, Inc., maturing on or about January 30, 2029. These unsecured notes pay a contingent coupon only when Micron’s share price on scheduled observation dates is at or above a preset coupon barrier.
The notes can be called early each quarter, beginning after six months, if Micron’s share price is at or above the initial level, in which case investors receive principal plus any due coupon and no further payments. If the notes are not called and Micron’s final level is at or above a downside threshold, investors receive full principal at maturity; if it is below that threshold, repayment is reduced in line with Micron’s percentage decline, and total loss of principal is possible.
All payments depend on the creditworthiness of UBS AG, the notes will not be listed on an exchange, and they are described as significantly riskier than conventional debt instruments, with the possibility of receiving no coupons during the term.
UBS AG is offering trigger autocallable contingent yield notes linked to the common stock of Palantir Technologies Inc., maturing on or about January 31, 2028. These unsecured debt securities pay a contingent coupon only if Palantir’s closing level on each observation date is at or above a preset coupon barrier.
The notes are automatically called early if Palantir’s stock closes at or above the initial level on any observation date before the final valuation date, in which case investors receive principal plus the applicable contingent coupon and no further payments. If the notes are not called and the final stock level is at or above a downside threshold, investors receive only their principal back at maturity.
If the notes are not called and the final level is below the downside threshold, repayment is reduced in line with the stock’s percentage decline, and investors can lose all of their initial investment. All payments depend on UBS’s credit. The notes will not be listed, have a minimum investment of 100 notes at $10 each, and an estimated initial value between $9.42 and $9.67 per note.
UBS AG is issuing $1,150,000 of Trigger Autocallable Contingent Yield Notes linked to Alphabet Inc. common stock, maturing January 31, 2028. Each $10 Note pays a contingent coupon only when Alphabet’s share price on a quarterly observation date is at or above a coupon barrier set at 70% of the initial level, implying an 11.75% per annum coupon rate in the hypothetical examples.
The Notes can be called early each quarter starting after six months if Alphabet’s price is at or above the initial level, returning principal plus the due coupon and ending the investment. If not called, investors receive full principal at maturity only if the final stock level is at or above a downside threshold equal to 70% of the initial level; otherwise, repayment is reduced in line with Alphabet’s percentage decline, and all principal can be lost.
The Notes are unsecured, unsubordinated obligations of UBS, so all payments, including any contingent coupons and principal, depend on UBS’s credit. The estimated initial value is $9.79 per $10 Note, and the Notes will not be listed on any exchange, which may limit liquidity.
UBS AG is offering $200,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Advanced Micro Devices, Inc., maturing January 31, 2028. These unsecured debt notes pay a contingent coupon only when AMD’s share price on an observation date is at or above a preset coupon barrier.
The notes are automatically called early if AMD’s share price on any observation date before maturity is at or above the initial level, in which case investors receive the $10 principal per Note plus the applicable contingent coupon, and the product terminates. If the notes are not called and AMD’s final level is at or above the downside threshold, investors receive only their principal back at maturity, plus any final contingent coupon if the barrier is met.
If the notes are not called and AMD’s final level is below the downside threshold, repayment is reduced in line with AMD’s percentage loss, and all principal can be lost. The example terms show a 26.29% per annum contingent coupon rate and a downside threshold and coupon barrier set at 70% of the initial level. The minimum investment is 100 Notes at $10 each, and the estimated initial value is $9.79 per Note. All payments depend on UBS’s creditworthiness, and the notes will not be listed on an exchange.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Alphabet Inc. The Notes are unsecured, unsubordinated debt with a term to about January 31, 2028, and a principal amount of $10 per Note, sold in minimum investments of 100 Notes.
The Notes may pay quarterly contingent coupons only if Alphabet’s closing share price on an observation date is at or above a coupon barrier. They are automatically called if Alphabet closes at or above the initial level on any observation date after six months, in which case UBS pays principal plus any coupon then due and no further payments.
If not called, and Alphabet’s final level is at or above a downside threshold, UBS repays principal at maturity (and a final coupon if the coupon barrier is met). If the final level is below the downside threshold, repayment is reduced in line with Alphabet’s percentage decline, and you could lose your entire investment. All payments depend on UBS’s credit. The estimated initial value is expected between $9.41 and $9.66 per $10 Note.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Advanced Micro Devices, Inc., maturing on or about January 31, 2028. These are unsubordinated, unsecured debt obligations of UBS, not AMD.
Investors receive a contingent coupon only if AMD’s closing level on an observation date is at or above a coupon barrier; otherwise no coupon is paid for that period. The notes are automatically called early if AMD’s level on any observation date before maturity is at or above the initial level, in which case investors receive principal plus that period’s coupon and the product terminates.
If the notes are not called and AMD’s final level on the January 27, 2028 valuation date is at or above a downside threshold, investors receive only principal (plus a final coupon if AMD is also above the coupon barrier). If the final level is below the downside threshold, repayment is reduced in line with AMD’s decline and investors can lose their entire initial investment. Any payment depends on UBS’s credit. The minimum investment is 100 notes at $10 each, and the estimated initial value on the trade date is expected between $9.45 and $9.70 per note.
UBS AG is offering $1,125,000 of trigger callable contingent yield notes, each with a $1,000 face amount, linked to the worst performer of the Nasdaq-100 Technology Sector Index, the Russell 2000 Index and the S&P 500 Index.
The notes pay a 9.10% per annum contingent coupon, in monthly installments of $7.5833 per note, only when all three indices close at or above 70% of their initial levels. UBS can call the notes after three months, returning principal plus any due coupon. If the notes are not called and any index finishes below its 70% downside threshold at maturity, investors lose principal in line with the worst index’s decline, up to a total loss. All payments depend on UBS’s credit; the estimated initial value is $957.30 per $1,000 note.
UBS AG is offering $2,061,000 of Trigger Callable Contingent Yield Notes, each with a $1,000 principal amount, linked to the least performing of the Nasdaq-100, Russell 2000 and S&P 500 Index. The notes pay a contingent coupon at an annual rate of 8.45% (about $7.0417 per month per note) only if, on each monthly observation date, all three indices close at or above their coupon barriers, set at 75% of their initial levels.
UBS may call the notes in whole on any observation date starting after six months, returning principal plus any due coupon. If not called and, at maturity on February 1, 2029, all indices are at or above their downside thresholds (70% of initial levels), investors receive full principal; otherwise, repayment is reduced one-for-one with the worst index’s loss, potentially to zero. The notes are unsecured UBS debt, not listed, have an estimated initial value of $942.10 per $1,000 issue price, and expose holders to significant market, liquidity, credit and tax risks.
UBS AG is offering $932,000 of Trigger Callable Contingent Yield Notes linked to the worst-performing of the Nasdaq-100, Russell 2000 and S&P 500, maturing July 30, 2027. Each $1,000 note targets an 8.00% per annum contingent coupon, paid monthly only when all three indexes close at or above 70% of their initial levels on the observation date.
UBS can call the notes in whole on any monthly observation date starting after three months, returning principal plus that month’s coupon, with no further payments. If the notes are not called and every index finishes at or above its downside threshold (70% of initial), investors receive full principal at maturity.
If the notes are not called and any index ends below its downside threshold, repayment is reduced in line with the worst index’s percentage loss, and investors can lose some or all of their investment. All payments depend on UBS’s credit, and the notes will not be listed on an exchange.