Every 424B that ETRACS Alerian MLP Index ETN Series B due July 18, 2042 (AMUB) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow AMUB and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full AMUB filings page.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of The Goldman Sachs Group, Inc., maturing on January 29, 2027. These are unsecured, unsubordinated debt obligations of UBS, not bank deposits and not FDIC insured.
Investors receive contingent coupons only if Goldman Sachs’ share price on each observation date is at or above a preset coupon barrier. The notes are automatically called early if the share price on any observation date before maturity is at or above the initial level, returning principal plus any due coupon and ending further payments.
If not called, and the final share price on January 27, 2027 is at or above the downside threshold, investors get back the $10 principal per note (plus a final coupon if the barrier is met). If the final price is below the downside threshold, repayment is reduced in line with the stock’s decline and can fall to zero, causing total loss of principal. Payments depend entirely on UBS’s credit; if UBS defaults, investors could lose their entire investment. The notes are offered in minimums of 100 notes at $10 each ($1,000) and will not be listed on any exchange. The estimated initial value is $9.75 per $10 note.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Micron Technology, Inc., maturing on or about January 31, 2028. Each Note has a $10 denomination, with a minimum investment of 100 Notes (a $1,000 investment).
The Notes may pay high contingent coupons, illustrated at 23.10% per annum, but only when Micron’s share price is at or above a preset coupon barrier on observation dates. The Notes can be called early if the share price is at or above the initial level, returning principal plus any due coupon.
If the Notes are not called and Micron’s final share price is at or above the downside threshold (50% of the initial level in the examples), investors receive principal back (and a final coupon if the barrier is met). If the final price is below the downside threshold, repayment is reduced in line with Micron’s decline, and investors can lose all of their investment. The Notes are unsecured debt of UBS, with an estimated initial value between $9.44 and $9.69 per $10 Note, and are not listed on any exchange.
UBS AG is offering $546,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Dell Technologies Inc., maturing on January 29, 2029. These are unsubordinated, unsecured debt obligations of UBS, not traditional bonds.
Investors receive a high contingent coupon, illustrated at 15.05% per annum (about $0.3763 per $10 note quarterly), only if Dell’s closing price on each observation date is at or above a preset coupon barrier. If Dell is below the barrier, no coupon is paid for that period.
The notes are automatically called quarterly, starting after six months, if Dell’s price is at or above the initial level. In that case, investors receive principal plus the due coupon and the notes terminate early. If not called, and at maturity Dell is at or above the downside threshold, principal is repaid (plus a final coupon if the barrier is met).
If the notes are not called and Dell finishes below the downside threshold, repayment is reduced one-for-one with Dell’s loss, and investors can lose all principal. Payments depend on UBS’s creditworthiness, the notes are not listed, the minimum is 100 notes ($1,000), and the estimated initial value is $9.70 per $10 note.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of The Goldman Sachs Group, Inc. The unsecured notes run from an expected trade date of January 27, 2026 to a maturity date on or about January 29, 2027.
The notes may pay periodic contingent coupons only if the Goldman Sachs share price is at or above a preset coupon barrier on each observation date. They can be automatically called early if the share price is at or above the initial level, in which case holders receive principal plus any due coupon and the product terminates.
If the notes are not called and the final share price 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 loss, and investors can lose all principal. Minimum investment is 100 notes at $10 each, and the estimated initial value per note is expected to range from $9.42 to $9.67, reflecting UBS’ internal pricing models. All payments depend on UBS’ creditworthiness, and the notes will not be listed on an exchange.
UBS AG is offering $100,000 of Trigger Autocallable Contingent Yield Notes linked to Freeport-McMoRan Inc. common stock, maturing on January 31, 2028. These unsubordinated, unsecured 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 Freeport-McMoRan’s share price is at or above the initial level on any observation date before maturity. In that case, holders receive the $10 principal per note plus the applicable contingent coupon, and the product terminates with no further payments.
If the notes are not called and the final stock level on the last valuation date is at or above the downside threshold, investors receive full principal back, plus a final contingent coupon if the coupon barrier is also met. If the final level falls below the downside threshold, repayment is reduced in line with the stock’s percentage loss, and the entire principal can be lost.
The term is approximately two years, with a hypothetical contingent coupon rate of 16.42% per year (about $0.4105 per $10 note per period) used in examples. The estimated initial value is $9.71 per $10 note, reflecting UBS’s internal pricing and funding. The notes are not listed on any exchange, may be illiquid, and all payments depend on UBS’s credit.
UBS AG is offering $400,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Alcoa Corporation, maturing on January 31, 2028. These are unsecured, unsubordinated debt obligations of UBS, not bank deposits and not FDIC insured.
Investors receive contingent coupons only if Alcoa’s share price on each observation date is at or above a preset coupon barrier. The notes can be called early if the share price is at or above the initial level, in which case investors receive principal plus any due coupon and the product terminates.
If the notes are not called and Alcoa’s final share price 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 share price decline and investors can lose up to all of their investment. All payments depend on UBS’s creditworthiness. The notes are sold in $10 denominations, with a $1,000 minimum, and have an estimated initial value of $9.62 per note.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Dell Technologies Inc., maturing on or about January 29, 2029. These are unsecured, unsubordinated debt obligations of UBS with no exchange listing and notable downside risk.
Investors receive a contingent coupon only if Dell’s closing level on each quarterly observation date is at or above a specified coupon barrier. The notes are automatically called if Dell’s level is at or above the initial level on any observation date after six months, returning principal plus that coupon.
If not called and Dell’s final level is below a downside threshold, repayment at maturity is reduced in line with the stock’s decline, up to a total loss of principal. The minimum investment is 100 Notes at $10 each, and the estimated initial value per $10 Note is expected between $9.33 and $9.58, all subject to UBS’s creditworthiness.
UBS AG is offering $125,000 of Trigger Autocallable Contingent Yield Notes linked to Dow Inc. common stock, maturing January 29, 2027. These unsecured notes pay contingent coupons only when Dow’s closing price on an observation date is at or above a preset coupon barrier.
The notes may be automatically called before maturity if Dow’s stock closes at or above the initial level on any observation date, in which case investors receive principal plus the due contingent coupon and no further payments. If the notes are not called and Dow’s final level is at or above the downside threshold, principal is repaid at maturity.
If the notes are not called and Dow’s final level is below the downside threshold, repayment is reduced one-for-one with Dow’s percentage decline, and investors can lose all principal. The minimum investment is 100 notes at $10 each, and the estimated initial value is $9.73 per note, with all payments subject to UBS’s credit.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Freeport-McMoRan Inc. stock, maturing around January 31, 2028. Each Note has a $10 principal amount, with a minimum investment of 100 Notes, and an estimated initial value between $9.41 and $9.66 per Note.
Investors receive contingent coupons only if the underlying stock closes at or above a specified coupon barrier on each observation date. The Notes are automatically called early if the stock closes at or above the initial level on any observation date before maturity, returning principal plus the due coupon, with no further payments.
If not called and the stock is at or above the downside threshold at maturity, investors receive their $10 principal back. If the stock finishes below the downside threshold, repayment is reduced in line with the stock’s decline, and investors can lose all of their initial investment. The Notes are unsecured, unsubordinated UBS debt, not listed on any exchange, and all payments depend on UBS’s creditworthiness.
UBS AG is offering $215,000 of Trigger Autocallable Contingent Yield Notes linked to Oracle Corporation common stock, maturing on January 29, 2027. These unsecured debt notes pay contingent coupons only when Oracle’s share price on an observation date is at or above a preset coupon barrier.
The notes can be called early if Oracle’s 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 any due coupon and no further payments. If not called and Oracle’s final price is at or above the downside threshold, principal is repaid at maturity.
If the notes are not called and Oracle’s final price is below the downside threshold, repayment is reduced in line with the stock’s decline, and investors can lose all of their investment. An example shows a contingent coupon rate of 16.73% per year with a downside threshold and coupon barrier at 60% of the initial level. All payments depend on UBS’s credit, and the notes will not be listed on any exchange.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Alcoa Corporation, maturing on or about January 31, 2028. These are unsubordinated, unsecured debt obligations of UBS.
Investors receive a contingent coupon only if Alcoa’s stock closes at or above a preset coupon barrier on an observation date. The notes are automatically called early if the stock closes at or above the initial level on any observation date before final valuation, returning principal plus the relevant coupon.
If not called, and the final stock level is at or above a downside threshold, UBS repays principal at maturity; if it is below that threshold, repayment is reduced in line with the stock’s decline, and investors can lose all principal. Payments depend on UBS’s credit. The notes will not be listed, require a minimum investment of 100 notes at $10 each, and have an estimated initial value per note between $9.26 and $9.51.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Dow Inc., maturing on or about January 29, 2027. These unsecured debt securities pay contingent coupons only when Dow’s closing level is at or above a preset coupon barrier on observation dates.
The notes can be called early if Dow’s stock closes at or above the initial level on any observation date, returning principal plus the applicable coupon and ending the investment. If the notes are not called and Dow’s final level is at or above the downside threshold, investors receive full principal at maturity, with any final coupon.
If the notes are not called and Dow’s final level is below the downside threshold, repayment is reduced in line with the stock’s decline, and investors can lose all principal. All payments depend on UBS’s creditworthiness, and the notes will not be listed on any exchange.
UBS AG is offering $365,000 of Trigger Autocallable Contingent Yield Notes linked to NVIDIA common stock, maturing January 31, 2028. These notes pay a contingent coupon only when NVIDIA’s closing level on an observation date is at or above a coupon barrier, illustrated at $60, equal to 60% of the initial level, with a sample contingent coupon rate of 13.22% per year on a $10 principal.
The notes are automatically called early if NVIDIA’s stock closes at or above the initial level on any observation date before final valuation, returning principal plus the applicable coupon and ending further payments. If not called and NVIDIA’s final level is at or above the downside threshold (also illustrated at $60), investors receive only their principal plus any final coupon.
If the notes are not called and NVIDIA’s final level is below the downside threshold, repayment is reduced in line with the stock’s percentage decline, and investors can lose all of their investment. Payments depend on UBS’s creditworthiness; the estimated initial value is $9.81 per $10 note, and the minimum investment is 100 notes.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Oracle Corporation, maturing on or about January 29, 2027. These unsecured debt notes pay contingent coupons only if Oracle’s closing level on an observation date is at or above a preset coupon barrier.
The notes are automatically called early if Oracle’s closing level on any observation date before the final valuation date is at or above the initial level, in which case investors receive the $10 principal per note plus any due coupon and no further payments. If not called and Oracle’s final level is at or above the downside threshold (illustrated at 60% of the initial level), investors receive full principal at maturity, plus a final coupon if the barrier is met.
If the notes are not called and the final level is below the downside threshold, repayment is reduced in line with Oracle’s negative return, and investors can lose all of their investment. An example shows a 14.59% per annum contingent coupon rate, with a $0.3648 coupon on a $10 note and a severe loss scenario paying only $3.60 at maturity. The minimum investment is 100 notes at $10 each, and the estimated initial value is expected to be between $9.44 and $9.69 per $10 note. All payments depend on UBS’s creditworthiness, and the notes are not listed on any exchange.
UBS AG is offering $120,000 of Trigger Autocallable Contingent Yield Notes linked to Lam Research Corporation common stock, maturing on January 29, 2029. Each Note has a $10 principal amount, with a minimum investment of 100 Notes ($1,000).
Investors receive a contingent coupon only if Lam Research’s closing price on an observation date is at or above a coupon barrier set at 60.00% of the initial level, implying a 19.83% per annum contingent coupon ($0.4958 per period in the example). The Notes can be automatically called before maturity if the stock closes at or above the initial level on any observation date, returning principal plus the applicable coupon.
If not called and the final stock level is at or above a downside threshold equal to 60.00% of the initial level, UBS repays the $10 principal and any final coupon. If the final level is below the downside threshold, repayment is $10 × (1 + underlying return), so losses mirror the stock’s decline and can reach 100% of invested principal. The estimated initial value is $9.66 per Note, the Notes will not be listed on an exchange, and all payments depend on the creditworthiness of UBS.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of NVIDIA Corporation, maturing on or about January 31, 2028. These are unsecured, unsubordinated debt obligations of UBS with no listing on any securities exchange.
Investors receive contingent coupons only if NVIDIA’s closing level on each observation date is at or above a specified coupon barrier. The notes may be automatically called early if NVIDIA’s level meets or exceeds the initial level on an observation date, in which case investors receive principal plus any due coupon and the product terminates.
If the notes are not called and NVIDIA’s final level is at or above a downside threshold, UBS repays principal at maturity. If the final level is below that threshold, repayment is reduced in line with the percentage decline in NVIDIA’s share price, and investors can lose their entire investment. All payments depend on UBS’s credit. The minimum investment is 100 notes at $10 each, and the estimated initial value per note on the trade date is expected between $9.44 and $9.69.
UBS AG is offering $150,000 of Trigger Autocallable Contingent Yield Notes linked to Citigroup Inc. common stock, maturing January 29, 2027. These unsecured notes can pay contingent coupons only when Citigroup’s share price on an observation date is at or above a preset coupon barrier.
If Citigroup’s share price on any observation date before maturity is at or above the initial level, the notes are automatically called and repay the $10 principal per note plus the applicable contingent coupon, with no further payments. If the notes are not called and the final share price is at or above the downside threshold, investors receive only the principal at maturity.
If the final share price is below the downside threshold, principal repayment is reduced one-for-one with Citigroup’s percentage decline, and investors can lose their entire investment. Any payment depends on UBS’s credit; default by UBS could result in losing all amounts due. The notes are not listed, require a minimum $1,000 purchase, and have an estimated initial value of $9.74 per $10 note.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Lam Research Corporation, maturing on or about January 29, 2029. These unsecured debt notes pay a contingent coupon only if the stock closes at or above a preset coupon barrier on each observation date.
The notes can be called early if the stock closes at or above the initial level on any observation date before maturity, 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 the downside threshold, investors receive their principal back; if it is below the downside threshold, repayment is reduced in line with the stock’s decline, potentially to zero.
The notes are subject to UBS credit risk, will not be listed on any exchange, have a minimum investment of 100 notes at $10 per note, and an estimated initial value between $9.35 and $9.60 per $10 note as of the trade date.
UBS AG is offering $120,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of First Solar, Inc., maturing on January 29, 2029. These unsecured debt notes pay a contingent coupon only when First Solar’s share price is at or above a preset coupon barrier on scheduled observation dates.
The notes can be automatically called early if the stock closes at or above its 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 the final stock 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 the stock’s percentage decline, and the entire investment can be lost.
The notes are subject to UBS’s credit risk, will not be listed on an exchange, have an estimated initial value of $9.68 per $10 note as of the trade date, and require a minimum investment of 100 notes ($1,000).
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Citigroup Inc., maturing around January 29, 2027. These are unsecured, unsubordinated debt obligations of UBS.
Investors may receive periodic contingent coupons, but only if Citigroup’s share price on each observation date is at or above a preset coupon barrier. The notes can be called early if the share price is at or above the initial level, returning principal plus any due coupon, with no further payments.
If the notes are not called and Citigroup’s final share price 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 notes are sold at $10 per note, with an estimated initial value between $9.41 and $9.66, and all payments depend on UBS’s creditworthiness.
UBS AG is offering $150,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Wells Fargo & Company. These unsecured debt notes can pay contingent coupons only when Wells Fargo’s share price on an observation date is at or above a preset coupon barrier.
The notes may be called early if the stock closes at or above the initial level on any observation date, in which case holders receive principal plus any due coupon and the product terminates. If not called and the final stock level is at or above a downside threshold, principal is repaid; if it is below that threshold, repayment is reduced in line with the stock’s decline and can fall to zero. Payments depend on UBS’s credit, and the estimated initial value is $9.75 per $10 note, below the issue price, reflecting fees and funding costs. The minimum investment is 100 notes at $10 each.
UBS AG is offering $100,000 of Trigger Autocallable Contingent Yield Notes linked to Oracle Corporation common stock, maturing January 29, 2027. These unsecured debt securities pay contingent coupons only when Oracle’s share price on an observation date is at or above a preset coupon barrier.
The notes can be automatically called before maturity if Oracle’s share price is at or above the initial level on any observation date, in which case investors receive principal plus the applicable coupon and the product terminates. If not called and Oracle’s final level is at or above a downside threshold, principal is repaid; if it is below this threshold, repayment is reduced in line with Oracle’s decline, and investors can lose their entire investment.
The notes are subject to UBS’s credit risk, will not be listed on an exchange, and have an estimated initial value of $9.74 per $10 note. An example term sheet shows a 15.95% per annum contingent coupon rate, with both the downside threshold and coupon barrier set at 60% of the initial Oracle share price.
UBS AG is offering $771,000 of trigger autocallable contingent yield notes linked to the common stock of Palantir Technologies Inc., maturing on January 29, 2029. The notes are unsecured UBS debt and their repayment depends entirely on UBS’s credit.
Investors receive contingent coupons only if Palantir’s share price on each observation date is at or above a preset coupon barrier; otherwise no coupon is paid. The notes may be called early on quarterly dates starting after six months if the share price is at or above the initial level, returning principal plus any due coupon but ending future payments.
If the notes are not called and Palantir’s final share price is at or above a downside threshold, investors receive back the $10 principal per note at maturity. If it is below the threshold, repayment is reduced in line with the stock’s decline and all principal can be lost. The notes will not be listed, require a minimum $1,000 investment, and have an estimated initial value of $9.73 per $10 note.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Pinterest, Inc. common stock, maturing on January 31, 2028. Each Note has a $10 principal amount, with a minimum investment of 100 Notes, and an estimated initial value of $9.72.
The Notes pay a contingent coupon only if Pinterest’s closing level on an observation date is at or above the coupon barrier (illustrated as $60.00, 60% of the initial level). They are automatically called if the stock is at or above the initial level on any observation date before maturity, returning principal plus the applicable coupon.
If the Notes are not called and the final level is at or above the downside threshold (illustrated as $50.00, 50% of the initial level), investors receive full principal back, with 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 decline, and investors can lose up to all of their investment. Payments, including any coupons and principal, depend entirely on the creditworthiness of UBS, and the Notes will not be listed on any exchange.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of First Solar, Inc., maturing on or about January 29, 2029. These unsecured debt securities pay a contingent coupon only if the stock closes at or above a preset coupon barrier on each observation date.
The notes can be automatically called early if the stock closes at or above the initial level on any observation date before maturity, in which case investors receive the $10 principal per Note plus the due coupon and no further payments. If the notes are not called and the final stock level is at or above the downside threshold, principal is repaid 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 negative return, and investors can lose all of their investment. The preliminary supplement cites a hypothetical contingent coupon rate of 15.72% per annum and a minimum purchase of 100 Notes at $10 each, with an estimated initial value between $9.36 and $9.61 per $10 Note. All payments depend on UBS’s creditworthiness, and the notes will not be listed on any exchange.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Wells Fargo & Company common stock, maturing around January 29, 2027. These unsecured, unsubordinated notes pay contingent coupons only if the Wells Fargo share price on each observation date is at or above a specified coupon barrier.
The notes can be automatically called before maturity if the share price on any observation date (other than the final one) is at or above the initial level. 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 share price is at or above a downside threshold, investors receive their full principal at maturity, potentially with a final contingent coupon. If the final share price is below the downside threshold, repayment is reduced in line with the share’s decline, and investors can lose some or all of their investment.
The minimum investment is 100 notes at $10 per note. The estimated initial value per note on the trade date is expected to be between $9.42 and $9.67. The notes will not be listed on any exchange, and all payments depend on UBS’s creditworthiness.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Oracle Corporation, maturing on or about January 29, 2027. These unsecured debt notes pay a contingent coupon only when Oracle’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 Oracle’s closing level on any observation date before the final valuation date is at or above the initial level, returning principal plus the applicable contingent coupon, with no further payments. If not called and Oracle’s final 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 Oracle’s percentage decline, and the entire investment can be lost.
The preliminary example terms show a $10 principal amount per note, a term of about one year and a contingent coupon rate of 14.92% per annum, with both the downside threshold and coupon barrier set at 60.00% of the initial level. 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, based on UBS’s internal pricing models.
Any payment on the notes, including coupons and principal, depends on the creditworthiness of UBS. The notes are not bank deposits, are not insured by the FDIC or any governmental agency, and will not be listed on any securities exchange, which may affect liquidity.
UBS AG is offering $856,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of NVIDIA Corporation, maturing on January 31, 2028. These are unsecured, unsubordinated debt obligations of UBS, not conventional bonds and not FDIC‑insured.
The Notes pay a contingent coupon only if NVIDIA’s share price on each observation date is at or above the coupon barrier, initially set at $55.00 (55% of the initial level). The indicative contingent coupon rate is 12.43% per annum, or $0.3108 per $10 Note per period, but coupons can be skipped entirely if the barrier is not met.
An automatic call occurs if NVIDIA’s stock closes at or above the initial level on any observation date before maturity. In that case, UBS repays the $10 principal per Note plus the applicable contingent coupon, and the Notes terminate early. If the Notes are not called and the final level on January 27, 2028 is at or above the downside threshold of $55.00, holders receive their $10 principal back, plus the last contingent coupon if the coupon barrier is also met.
If the Notes are not called and the final level is below the downside threshold, principal is reduced one‑for‑one with NVIDIA’s negative return. For example, a 67% decline would reduce the maturity payment to $3.30 per Note, excluding any prior coupons, and a very large decline can result in a total loss of principal. The estimated initial value is $9.82 per $10 Note, reflecting UBS’s internal pricing. All payments depend on UBS’s credit; if UBS defaults, investors may recover nothing.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Palantir Technologies Inc. common stock, maturing on or about January 29, 2029. These unsecured notes pay contingent quarterly coupons only when Palantir’s share price is at or above a preset coupon barrier on each observation date.
The notes can be automatically called after six months if Palantir’s stock closes at or above the initial level on an observation date, returning principal plus the applicable coupon, with no further payments. If not called, investors receive full principal at maturity only if the final stock level is at or above a downside threshold.
If the final level is below the downside threshold, investors are fully exposed to Palantir’s decline and will receive less than principal, potentially losing their entire investment. Payments depend on UBS’s credit; the notes are not insured, will not be listed on an exchange, and have an estimated initial value below the $10 issue price.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Pinterest, Inc., maturing around January 31, 2028. These unsecured notes pay a contingent coupon only if Pinterest’s closing level on an observation date is at or above a preset coupon barrier.
The notes can be automatically called early if Pinterest’s stock closes at or above the initial level on any observation date before final valuation. In that case, investors receive the $10 principal per note plus the applicable contingent coupon, and the notes terminate.
If the notes are not called and the final Pinterest level is at or above the downside threshold, investors receive the $10 principal back at maturity, possibly with a final contingent coupon. If the final level is below the downside threshold, repayment is reduced in line with the stock’s percentage decline, and all principal can be lost.
The preliminary terms use a $10 denomination, with a minimum purchase of 100 notes, or $1,000. A hypothetical structure shows a 14.39% per annum contingent coupon and examples of total returns and losses. The estimated initial value per $10 note is expected between $9.42 and $9.67, reflecting UBS’s internal pricing, fees and funding costs.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of NVIDIA Corporation, maturing on or about January 31, 2028. Each Note has a $10 principal amount and is offered in a minimum of 100 Notes (a $1,000 investment).
The Notes pay a contingent coupon only if NVIDIA’s closing level on an observation date is at or above the coupon barrier of $55.00, which is 55.00% of the initial level. The same level serves as the downside threshold. The indicative contingent coupon rate in the examples is 10.47% per annum.
The Notes are automatically called if NVIDIA’s closing level on any observation date before final valuation is at or above the initial level, in which case investors receive principal plus any due contingent coupon and no further payments. If not called and the final level is below the downside threshold, repayment at maturity is reduced one-for-one with the underlying decline, and investors can lose their entire investment.
Payments depend on the creditworthiness of UBS, the Notes will not be listed on an exchange, are not bank deposits and are not FDIC insured. The estimated initial value per Note is expected to be between $9.44 and $9.69, based on UBS internal pricing models.
UBS AG is offering $715,000 of Trigger Callable Contingent Yield Notes linked to the least performing of the Nasdaq-100, Russell 2000 and S&P 500 indices, each note with a $1,000 principal amount. The notes pay a 9.60% per annum contingent coupon (about $8 per month per note) only when all three indices close at or above 70% of their initial levels on the monthly observation dates. UBS can call the notes in whole on any observation date after six months, repaying principal plus any due coupon and ending future payments. If the notes are not called and, at maturity in January 2029, each index is at or above its downside threshold (70% of initial), investors receive full principal; if any index is below its threshold, repayment is reduced in line with the worst-performing index and can fall to zero. All payments depend on UBS’s credit, and the notes are not listed or insured.
UBS AG is offering a total of $1,068,000 in Trigger Autocallable Notes, each with a $1,000 principal amount, linked to the least performing of the Nasdaq-100® Technology Sector Index, the Russell 2000® Index and the Utilities Select Sector SPDR® Fund, maturing in January 2031. The issuer is UBS AG London Branch.
The notes can be automatically called monthly starting about one year after issuance if all three underlying assets are at or above their call threshold levels, set at 100% of initial level. If called, investors receive principal plus a call return based on a 12.50% per annum rate, with call prices rising over time up to $1,625 per note at maturity if never called earlier.
If the notes are not called and on the final valuation date each underlying is at or above its downside threshold (70% of initial level), investors receive their $1,000 principal back. If any underlying finishes below its downside threshold, the payoff is reduced one-for-one with the percentage loss of the worst performer, and investors can lose up to 100% of principal. The notes pay no interest or dividends, are unsecured and unsubordinated obligations of UBS, have an estimated initial value of $951 per $1,000 note, and may have limited or no secondary market liquidity.
UBS AG is offering Trigger Autocallable Contingent Yield Notes with Memory Interest linked to the worst performer of three ETFs: SPDR S&P Regional Banking (KRE), VanEck Semiconductor (SMH) and SPDR S&P Biotech (XBI). The Notes target a contingent coupon of 11.05% per annum, paid monthly if all three ETFs stay at or above their coupon barriers set at 70% of initial levels. The Notes can be called automatically after 12 months if all three ETFs are at or above their call thresholds, set at 100% of initial levels. If not called, principal is protected at maturity only if every ETF finishes at or above its downside threshold of 60% of its initial level; otherwise, investors take a loss matching the decline of the worst-performing ETF and can lose their entire investment. All payments depend on the creditworthiness of UBS, and the estimated initial value per Note is expected to be between $923.30 and $953.30, below the $1,000 issue price.
UBS AG is offering $12 million of Buffered Contingent Income Auto-Callable Securities linked to Microsoft common stock, maturing January 28, 2027. These notes can pay a quarterly contingent coupon of $14.3083 per $1,000 (about 17.17% per year) whenever Microsoft’s closing price is at or above 90% of the $451.14 initial price, with a “memory” feature that can catch up missed coupons if the threshold is later met.
The notes are automatically called if Microsoft closes at or above 100% of the initial price on any non-final determination date, returning principal plus the due coupon and any unpaid coupons. If held to maturity and Microsoft is below 90% of the initial price on the final date, investors receive a reduced cash amount based on downside leverage of about 1.1111%, and can lose some or all of principal. Investors do not receive dividends or upside in Microsoft shares and face UBS credit risk, with limited or no secondary market expected.
UBS AG, through its London Branch, is offering $12,000,000 of Buffered Contingent Income Auto-Callable Securities with Memory Coupon and Downside Leverage due January 28, 2027, linked to the common stock of General Electric Company. Each $1,000 security can pay a contingent coupon of $11.725 (equivalent to 14.07% per annum) on scheduled dates if GE’s share price is at or above 80% of the $295.00 initial price, with missed coupons potentially paid later under the memory feature. The notes auto-call at par plus the coupon and any unpaid coupons if GE closes at or above 100% of the initial price on any non-final determination date. If held to maturity and GE is below the 80% downside threshold, repayment is reduced with 1.25x downside exposure and investors can lose some or all principal. The securities are unsecured obligations of UBS AG, not listed on an exchange, and carry UBS credit risk; the estimated initial value is $995.00 per $1,000 security.
UBS AG is offering unsecured Contingent Income Auto-Callable Securities due on or about February 3, 2028, linked to the worst performer of Apple, Amazon and Alphabet Class A shares. Each $1,000 security targets quarterly contingent payments of $36.25 (equivalent to 14.50% per annum) if on a determination date the closing price of each stock is at or above 60% of its initial price. If any stock is below that coupon barrier, no payment is made for that period.
If on any non-final determination date all three stocks are at or above 100% of their initial prices, the note is automatically redeemed for $1,000 plus the applicable contingent payment. If the note is outstanding to maturity and any stock finishes below 60% of its initial price, the repayment is reduced in line with the worst-performing stock’s loss, and can fall to zero. Investors do not participate in any stock price appreciation, forgo dividends, face limited or no liquidity, and are fully exposed to UBS credit risk. The estimated initial value is expected between $924.20 and $954.20 per $1,000.
UBS AG is offering trigger autocallable contingent yield notes linked to the Solactive U.S. Large Cap Volatility Navigator 40 Index with a contingent coupon rate of 12.00% per annum ($10 per $1,000 note per month) payable only when the index closes at or above a coupon barrier set at 60% of the initial level on monthly observation dates.
The notes can be automatically called after six months if the index is at or above the call threshold of 100% of the initial level, returning principal plus the applicable coupon; after a call, no further payments are made. If the notes are not called and, at maturity, the index is at or above a downside threshold of 50% of the initial level, investors receive back principal; if it is below that level, repayment is reduced one-for-one with the index loss, and investors can lose all of their investment.
The notes are unsubordinated, unsecured UBS debt, fully exposed to UBS credit risk, and the estimated initial value is expected between $898.80 and $928.80 per $1,000 note. The underlying index uses S&P 500 E-mini futures with up to 500% leverage, a 40% volatility target and a 6.0% per annum daily decrement, features that can significantly drag performance and increase volatility.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the Solactive U.S. Large Cap Volatility Navigator 40 Index, maturing around February 11, 2031. Each Note has a $1,000 principal amount and pays a 14.50% per annum contingent coupon (monthly installments of $12.0833) only when the index closes at or above a coupon barrier set at 60% of the initial level on the relevant observation date.
The Notes can be automatically called after six months if the index closes at or above a call threshold of 100% of the initial level on an observation date, in which case holders receive principal plus the applicable coupon and the Notes terminate early. If the Notes are not called and the index at final valuation is at or above a downside threshold of 50% of the initial level, investors receive full principal at maturity. If the final index level is below the downside threshold, repayment is reduced one-for-one with the index loss, and holders can lose all of their investment.
The underlying index uses leverage of up to 500%, targets 40% volatility, and applies a 6.0% per annum daily decrement, all of which can significantly drag performance and increase risk. The estimated initial value per Note is expected between $925.20 and $955.20, below the $1,000 issue price, reflecting fees, hedging and funding costs. Payments depend entirely on the creditworthiness of UBS; if UBS defaults, investors may recover nothing.
UBS AG is offering unsecured Buffered Digital Notes linked to the S&P 500® Index, maturing on or about February 18, 2027. Each Note has a $1,000 principal amount and a minimum investment of $10,000. At maturity, if the index level is at or above a downside threshold set at 90% of the initial level (a 10% buffer), investors receive principal plus a fixed digital return of at least 8.11%, regardless of further upside in the index.
If the final index level is below the downside threshold, repayment is reduced using a downside leverage factor of about 1.1111, causing a loss of roughly 1.1111% of principal for each 1% decline beyond the 10% buffer, up to a total loss of principal. The Notes pay no interest, do not provide dividends, and all payments depend on the creditworthiness of UBS AG. UBS expects the estimated initial value to range between $958.20 and $988.20 per $1,000 Note.
UBS AG, through its London Branch, is offering unsecured Airbag Yield Notes linked to the least performing of the iShares MSCI EAFE ETF and the Nasdaq-100 Index, maturing on April 1, 2027. Each $1,000 Note pays fixed monthly coupons at a rate of 6.90% per annum, regardless of the underlying assets’ performance.
At maturity, if the final level of each underlying is at or above its downside threshold of 80% of its initial level, investors receive the full $1,000 principal. If any underlying finishes below its threshold, the payoff is reduced based on the least performing underlying: investors lose 1.25% of principal for every 1% decline beyond the 20% threshold, and can lose their entire investment.
The Notes are unsubordinated but unsecured debt obligations of UBS, not insured by any governmental agency, will not be listed on an exchange and may have limited or no secondary market. An estimated initial value per Note is expected to be between $968.40 and $998.40. U.S. federal tax treatment is complex and uncertain, and investors are urged to consult tax advisors.
UBS AG is offering Trigger Autocallable Contingent Yield Notes with Memory Interest linked to the common stock of Expedia Group, Inc., maturing on or about February 9, 2029. Each Note has a $1,000 principal amount and pays a 13.00% per annum contingent coupon (about $32.50 per quarter) only when Expedia’s closing level on a quarterly observation date is at or above a coupon barrier set at 60% of the initial level.
The Notes can be automatically called on quarterly dates starting after six months if Expedia’s stock is at or above the call threshold, set at 100% of the initial level, returning principal plus the due and any previously unpaid coupons. If not called, and the final stock level is at or above the 60% downside threshold, investors receive full principal back. If the final level is below that threshold, repayment is reduced one-for-one with Expedia’s decline, and investors can lose all principal. The Notes are unsecured, unsubordinated debt of UBS, not listed on any exchange, and all payments depend on UBS’s credit. The preliminary estimated initial value per Note is between $942.90 and $972.90, versus a $1,000 issue price.
UBS AG is offering $175,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of EQT Corporation, maturing on January 28, 2028. These unsecured debt securities pay a contingent coupon only if EQT’s closing share price on an observation date is at or above a preset coupon barrier; otherwise no coupon is paid for that period.
The Notes are automatically called if EQT’s share price on any observation date before maturity is at or above the initial level, in which case holders receive the principal plus any due contingent coupon, and the Notes terminate. If not called and EQT’s final level is at or above the downside threshold, investors receive their principal at maturity; if it is below the downside threshold, repayment is reduced in line with EQT’s decline and can fall to zero.
The Notes are subject to UBS credit risk, are not insured or listed on an exchange, and may be difficult to sell. The minimum investment is 100 Notes at $10 each, and the estimated initial value per Note on the trade date is $9.65, based on UBS’ internal pricing models.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Netflix, Inc.. These unsecured debt notes pay a contingent coupon on each observation date only if Netflix’s closing share price is at or above a preset coupon barrier; otherwise no coupon is paid.
The notes may be automatically called early if Netflix’s share price on any observation date before maturity is at or above the initial level, in which case investors receive the principal back plus any due coupon and no further payments. If the notes are not called and Netflix’s final level at maturity is at or above a downside threshold, investors receive the principal back, with a possible final coupon. If the final level is below the downside threshold, repayment is reduced in line with the share price decline and investors can lose all of their investment.
The notes have a principal amount of $10 per note, an expected two-year term from January 28, 2026 to January 28, 2028, are not listed on any exchange, and any payment depends on the creditworthiness of UBS. The estimated initial value is $9.80 per $10 note, reflecting UBS’s internal pricing and funding costs.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of EQT Corporation, maturing on or about January 28, 2028. These unsecured debt notes can pay a contingent coupon only when EQT’s closing price on an observation date is at or above a specified coupon barrier; otherwise, no coupon is paid for that period.
The notes are automatically called early if EQT’s stock closes at or above the initial level on any observation date before maturity, in which case investors receive the $10 principal per Note plus the applicable contingent coupon and no further payments. If the notes are not called and EQT’s final level on January 26, 2028 is at or above the downside threshold, UBS repays the $10 principal per Note, potentially with a final contingent coupon. If the final level is below the downside threshold, repayment is reduced in line with EQT’s percentage loss, and investors can lose all of their investment.
The minimum investment is 100 Notes at $10 each. The estimated initial value per Note on the trade date is expected to be between $9.31 and $9.56, based on UBS’s internal pricing models. All payments depend on UBS’s creditworthiness, and the notes will not be listed on any exchange.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Netflix, Inc. common stock, maturing on or about January 28, 2028. These unsecured debt notes pay contingent coupons only if Netflix’s closing price on each observation date is at or above a specified coupon barrier; otherwise no coupon is paid for that period.
The notes are automatically called early if Netflix’s closing level on any observation date before final valuation is at or above the initial level, in which case holders receive principal plus the applicable contingent coupon and the product terminates. If the notes are not called and Netflix’s final level is at or above a downside threshold on the final valuation date, investors receive principal at maturity; if the final level is below the downside threshold, repayment is reduced in line with the stock’s decline and can fall to zero.
The notes are senior unsecured obligations of UBS AG, subject to its credit risk, will not be listed on an exchange, and have a minimum investment of 100 notes at $10 per note. The estimated initial value per $10 note on the trade date is expected to be between $9.50 and $9.75, reflecting UBS internal pricing and funding assumptions.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Palantir Technologies Inc., maturing on January 28, 2028. These unsecured debt notes pay contingent coupons only when Palantir’s share price on an observation date is at or above a preset coupon barrier; if the share price is below that level, no coupon is paid for that period.
The notes can be automatically called before maturity if Palantir’s stock closes at or above the initial level on any observation date, in which case investors receive principal plus any due coupon and the product terminates. If the notes are not called and Palantir’s final share level is at or above a downside threshold, investors receive principal back at maturity. If the final level is below that threshold, repayment is reduced in line with the stock’s decline and investors can lose all of their initial investment. All payments depend on UBS’s credit, the notes will not be listed, the minimum investment is $1,000, and the estimated initial value is $9.73 per $10 note.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Palantir Technologies Inc., maturing on January 28, 2028. Each Note has a principal amount of $10, with a minimum investment of 100 Notes (a $1,000 investment), and an estimated initial value of $9.73.
The Notes pay a contingent coupon only if Palantir’s share price on an observation date is at or above a coupon barrier set at $60.00, which is 60.00% of the initial level, based on a hypothetical contingent coupon rate of 19.74% per annum. The Notes are automatically called early if Palantir’s share price on any observation date before maturity is at or above the initial level, returning principal plus the relevant coupon and ending further payments.
If not called, and Palantir’s final level on the January 26, 2028 valuation date is at or above the downside threshold of $60.00, investors receive full principal back (plus the final coupon if the barrier is met). If the final level is below the downside threshold, repayment is reduced dollar-for-dollar with Palantir’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.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Palantir Technologies Inc., maturing on or about January 28, 2028.
Each $10 Note can pay a contingent coupon at a rate of 18.68% per annum (about $0.467 per period) if Palantir’s closing level on an observation date is at or above the coupon barrier, set at 60% of the initial level. The Notes are automatically called, returning principal plus the coupon, if Palantir’s level on any observation date before maturity is at or above the initial level.
If the Notes are not called and Palantir’s final level is at or above the 60% downside threshold, investors receive only their $10 principal back (plus the 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 decline, and investors can lose their entire investment. The Notes are unsecured obligations of UBS, not listed on an exchange, require a minimum investment of 100 Notes at $10 each, and have an estimated initial value per Note between $9.43 and $9.68.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Palantir Technologies Inc., with a scheduled maturity in late January 2028. The Notes pay a contingent coupon only if Palantir’s share price on an observation date is at or above a preset coupon barrier; otherwise no coupon is paid for that period.
The Notes may be called early if Palantir’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 any due coupon, and the product terminates. If not called, principal is repaid at maturity only if the final share price is at or above a downside threshold; below that level, repayment is reduced in line with Palantir’s decline, and investors can lose all of their investment.
The Notes are unsecured debt of UBS, are not insured by any government agency, will not be listed on an exchange, and are expected to be sold in minimums of 100 Notes at $10 each. The estimated initial value per Note on the trade date is expected to be between $9.43 and $9.68.