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 NVIDIA Corporation, maturing on or about January 27, 2028. These are unsecured, unsubordinated debt obligations of UBS.
The notes can pay a contingent coupon on each observation date only if Nvidia’s closing share price is at or above a preset coupon barrier. If on any observation date before maturity the share price is at or above the initial level, the notes are automatically called and pay back principal plus the applicable contingent coupon, with no further payments afterward.
If the notes are not called and the final Nvidia level is at or above a downside threshold, investors receive only their principal at maturity (plus any final contingent coupon if the coupon barrier is met). If the final level is below the downside threshold, repayment is reduced in line with the share’s decline, and investors can lose all of their principal. The notes are not listed, have a minimum investment of 100 notes at $10 each, and an estimated initial value between $9.44 and $9.69 per note, all payments being subject to the creditworthiness of UBS.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of FedEx Corporation, with an expected maturity on or about January 29, 2029. These unsecured debt obligations pay a contingent coupon on each observation date only if the FedEx share price is at or above a specified coupon barrier; otherwise no coupon is paid for that period.
The notes are automatically called early if, on any observation date before the final valuation date, the FedEx share price is at or above the initial level. In that case, investors receive the principal plus any due contingent coupon on the call settlement date and no further payments. If the notes are not called and the final FedEx level is at or above a downside threshold, investors receive their principal at maturity; if it is below that threshold, repayment is reduced in line with the share price decline, and investors can lose 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 $9.33 and $9.58, based on UBS internal pricing models. All payments depend on UBS’s creditworthiness, and the notes will not be listed on any securities exchange.
UBS AG is issuing Trigger Autocallable Contingent Yield Notes linked to the American depositary receipts of Arm Holdings plc, maturing on January 27, 2027. Each $10 Note pays a contingent coupon at 26.06% per annum (about $0.6515 per quarter) only if, on an observation date, the Arm ADR closes at or above the coupon barrier of 75% of the initial level. If the ADR closes at or above the initial level on any quarterly observation date starting about six months after the trade date, the Notes are automatically called and pay back principal plus the due contingent coupon, with no further payments.
If the Notes are not called and the final ADR level on January 25, 2027 is at or above the downside threshold (also 75% of the initial level), holders receive their $10 principal plus the final contingent coupon. If the final level is below the downside threshold, repayment is reduced in line with the ADR’s percentage decline, and the entire principal can be lost. The Notes are unsecured, unsubordinated debt of UBS, have an estimated initial value of $9.77 per $10, are not listed on any exchange, and require a minimum investment of 100 Notes ($1,000).
UBS AG is offering unsecured Trigger Autocallable Contingent Yield Notes linked to the American depositary receipts of Arm Holdings plc, maturing on or about January 27, 2027. Each Note has a $10 principal amount, with a minimum investment of 100 Notes ($1,000).
Investors may receive periodic contingent coupons only if the Arm ADR closes at or above a specified coupon barrier on the relevant observation date. Starting after six months, the Notes are automatically called if the ADR closes at or above its initial level on any quarterly observation date, in which case investors receive principal plus any due coupon and the Notes terminate early.
If the Notes are not called and the final ADR level on the January 25, 2027 valuation date is at or above a downside threshold, UBS repays principal (and any final coupon if the barrier is met). If the final level is below the downside threshold, repayment is reduced in line with the ADR’s decline, and investors can lose all of their investment. Payments depend entirely on UBS’s credit. The Notes will not be listed, and the estimated initial value is expected to be between $9.47 and $9.72 per $10 Note.
UBS AG London Branch is offering Enhanced Trigger Jump Securities with an auto-callable feature, unsecured notes maturing around February 4, 2032, linked to the worst performer among the Energy Select Sector SPDR Fund, Technology Select Sector SPDR Fund and Utilities Select Sector SPDR Fund. Each security has a $1,000 stated principal amount and does not pay interest or dividends.
On scheduled determination dates, if the closing price of each ETF is at least 90% of its initial price, the notes are automatically redeemed for $1,000 plus a fixed premium based on a return of approximately 13.00% per annum. If not called and, at maturity, each ETF is at or above 90% of its initial price, investors receive a maturity payment of $1,780 per $1,000 note, equivalent to about 13% per year.
If the notes are not redeemed early and, at maturity, any ETF finishes below 90% of its initial price, repayment is reduced dollar‑for‑dollar with the decline of the worst‑performing ETF, and the investment can be entirely lost. The notes are not listed, may have limited liquidity, and all payments depend on UBS’s credit. The estimated initial value is expected between $915.70 and $945.70 per $1,000 note.
UBS AG is offering Trigger Autocallable Contingent Yield Notes with Memory Interest linked to the common stock of Snowflake Inc., maturing on or about February 1, 2029. The notes pay a 12.35% per annum contingent coupon only if Snowflake’s closing price on a quarterly observation date is at or above a coupon barrier set at 50% of the initial level, with unpaid coupons potentially recovered later via a memory feature.
The notes can be automatically called after six months if Snowflake is at or above the call threshold (100% of the initial level), returning principal plus the applicable coupon and ending further payments. If not called and Snowflake finishes at or above the downside threshold (50% of the initial level), investors receive principal back; if it finishes below, repayment is reduced in line with the stock’s loss and can go to zero. These are unsecured, unsubordinated UBS debt, not listed on an exchange, with significant market, liquidity and credit risk and an estimated initial value of $939.80–$969.80 per $1,000 issue price.
UBS AG is offering $26,500,000 of Trigger Callable Contingent Yield Notes, issued at $10 per Note, linked to the worst performer among the Russell 2000, S&P 500 and EURO STOXX 50 Index. The Notes pay a contingent coupon at an annual rate of 11.10% (about $0.2775 per year per $10 Note) only if, on every trading day in a quarter, each index stays at or above its coupon barrier, set at 70% of its initial level. If any index closes below its barrier on any day in the period, no coupon is paid for that quarter.
UBS may call the Notes in whole on any quarterly observation end date (except the final one), repaying the $10 principal plus any due coupon, after which no further payments are made. If the Notes are not called and, at maturity in October 2029, all three indices are at or above their downside thresholds (60% of initial levels), investors receive their $10 principal. If any index finishes below its downside threshold, the maturity payment is reduced in line with the negative return of the worst index, up to a complete loss of principal.
The Notes are unsecured obligations of UBS, are not listed on any exchange, and involve UBS credit risk. The estimated initial value is $9.88 per Note, below the $10 issue price, reflecting embedded fees, hedging and funding costs. The minimum investment is 100 Notes, or $1,000.
UBS AG is offering $7,190,000 of Digital MSCI EAFE® Index-Linked Medium-Term Notes due September 17, 2027, linked to the MSCI EAFE Index. The notes pay no interest and all return comes at maturity based on index performance from the January 21, 2026 trade date to the determination date.
For each $1,000 note, investors receive a maximum of $1,120 if the final index level is at or above 87.5% of the initial level of 2,954.51. Below this buffer, principal declines about 1.1429% for every 1% the index falls past the 12.5% buffer, down to total loss if the index goes to zero.
The structure caps upside at a 12% gain while exposing holders to significant downside beyond the buffer, and does not pass through dividends on index stocks. The notes are unsecured obligations of UBS AG London Branch, not FDIC-insured, not listed on an exchange, and carry UBS credit risk. The estimated initial value is $998 per $1,000 face amount, reflecting internal pricing and hedging costs.
UBS AG is offering $3,386,000 of Trigger Callable Contingent Yield Notes linked to the least performing of the Russell 2000 Index and the S&P 500 Index, maturing January 27, 2028. The notes pay a 7.65% per annum contingent coupon (about $19.125 per $1,000 per quarter) only if on each observation date both indices close at or above their coupon barriers, set at 60% of their initial levels (1,631.259 for the Russell 2000 and 4,148.01 for the S&P 500).
UBS may call the notes in whole on any quarterly observation date starting after six months, returning principal plus any due coupon, after which no further payments are made. If the notes are not called and at maturity both indices are at or above their downside thresholds (also 60% of initial levels), investors receive full principal back.
If at maturity either index finishes below its downside threshold, repayment is reduced one-for-one with the worst-performing index, and the principal repayment can fall to zero. The notes are unsecured obligations of UBS AG London Branch, with an estimated initial value of $979.60 per $1,000, and entail both market risk and UBS credit risk.
UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of Berkshire Hathaway Class B, Meta Platforms and Palantir common stock, maturing in January 2029. The notes pay a contingent coupon of 30.00% per annum (monthly coupons of $25 per $1,000 note) only if, on an observation date, each stock closes at or above its coupon barrier, set at 65% of its initial level. UBS can call the notes in whole on any monthly observation date after three months, returning principal plus any due coupon.
If the notes are not called and each stock finishes at or above its downside threshold (60% of its initial level), investors receive back principal at maturity. If any stock finishes below its downside threshold, repayment is reduced one-for-one with the negative return of the worst stock, and investors can lose up to their entire investment. Payments depend on UBS’s credit, and the estimated initial value is between $957.50 and $987.50 per $1,000 note, below the issue price.
UBS AG is offering Capped Leveraged Buffered MSCI EAFE® Index‑Linked Medium‑Term Notes due April 9, 2027 with an aggregate face amount of $12,426,000. The notes pay no interest and their payoff depends on the MSCI EAFE® Index level on the determination date versus the initial level of 2,954.51.
If the index rises, holders receive 160% of the index gain, but returns are capped at a maximum settlement amount of $1,154.40 per $1,000 face amount. If the index falls by up to 12.5%, investors receive back $1,000; below that buffer, principal is reduced at about 1.1429% for every 1% additional decline, and investors can lose their entire investment.
The notes are unsecured obligations of UBS AG London Branch, are not FDIC‑insured, and will not be listed on an exchange. The estimated initial value is $995.50 per $1,000, reflecting internal pricing and hedging costs, and there is no underwriting discount, so net proceeds to UBS are 100% of face amount.
UBS AG is offering trigger callable contingent yield notes linked to the least performing of three ETFs: VanEck Gold Miners (GDX), Real Estate Select Sector SPDR (XLRE) and Utilities Select Sector SPDR (XLU). The notes pay a contingent coupon at an annual rate of 11.20% (paid monthly as $9.3333 per $1,000 note) only when the closing level of each ETF is at or above its coupon barrier, set at 50% of its initial level.
UBS may call the notes in whole on any monthly observation date after three months, returning principal plus any due coupon, after which no further payments are made. If the notes are not called and each ETF finishes at or above its downside threshold (also 50% of its initial level), investors receive full principal at maturity. If any ETF finishes below its threshold, repayment is reduced one‑for‑one with the loss of the worst performer, and investors can lose all of their initial investment.
The notes are unsecured, unsubordinated obligations of UBS, are not listed on any exchange, may have limited liquidity, and all payments depend on UBS’s creditworthiness.
UBS AG is offering $20,000,000 of Trigger Callable Contingent Yield Notes linked to the least performing of the Russell 2000 Index and the S&P 500 Index, maturing January 25, 2029.
The notes pay an 8.75% per annum contingent coupon (paid quarterly as $21.875 per $1,000) only when both indexes close at or above 60% of their initial levels on an observation date. UBS can call the notes in whole on any quarterly observation date after six months, paying back principal plus any due coupon, and ending all future payments. If the notes are not called and, at maturity, either index is below its 60% downside threshold, investors receive less than their $1,000 principal per note, with losses matching the decline of the worst-performing index and potential loss of the entire investment. The notes are unsecured debt of UBS, not deposits, and all payments depend on UBS’s creditworthiness.
UBS AG is offering $1,232,000 of Trigger Callable Contingent Yield Notes linked to the worst performer of the Nasdaq-100 Technology Sector Index, the Russell 2000 Index and the S&P 500 Index, maturing in July 2028.
The Notes pay an annualized contingent coupon of 11.05%, credited monthly only when all three indices close at or above 70% of their initial levels on an observation date. UBS can call the Notes in whole, beginning after three months, paying back principal plus any due coupon and ending future payments.
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 percentage decline and could lose their entire investment. The Notes are unsecured obligations of UBS, not listed on an exchange, and have an estimated initial value of $969.50 per $1,000 issue price, reflecting fees, hedging and UBS’ funding rate.
UBS AG, through its London Branch, is offering $22,308,000 of Capped Buffer Contingent Absolute Return Securities linked to the MSCI EAFE Index, each with a $1,000 principal amount and maturing on April 12, 2027.
The notes provide exposure to the index over roughly 15 months. If the index return is positive, investors receive principal plus the lesser of the index gain or a 15.60% maximum upside gain, capping payment at $1,156 per note. If the index return is zero or negative but the final level is at or above a downside threshold set at 90% of the initial level, investors receive a contingent absolute return equal to the absolute value of the index return, up to 10% (maximum payment $1,100).
If the index finishes below the downside threshold, repayment is reduced: investors lose principal in proportion to index losses beyond the 10% buffer, and could lose almost all of their investment. The securities pay no interest, are unsecured and unsubordinated obligations of UBS, will not be listed on an exchange, and all payments depend on UBS’s credit. The estimated initial value is $995.60 per note, below the $1,000 issue price, reflecting underwriting and structuring costs.
UBS AG is offering Trigger Callable Contingent Yield Notes linked to the worst performer of the Nasdaq‑100 Technology Sector Index, the Russell 2000 Index and the S&P 500 Index, maturing around December 30, 2027. Each Note has a $1,000 principal amount and pays a 9.10% per annum contingent coupon on monthly dates only if the closing level of every index is at or above its coupon barrier, set at 70% of its initial level.
UBS may call the Notes in whole, starting after three months, on any observation date; if called, investors receive principal plus any due coupon and the Notes terminate. If not called and every index finishes at or above its downside threshold (also 70% of initial), investors receive full principal back at maturity.
If any index finishes below its downside threshold, the redemption amount is $1,000 × (1 + return of the least performing index), exposing investors to full downside of that index and potential total loss of principal. Payments depend on UBS’s credit; the estimated initial value is expected between $943.60 and $973.60 per Note, below the $1,000 issue price, and the Notes will not be listed.
UBS AG is offering $1,381,000 of Trigger Callable Contingent Yield Notes, $1,000 per Note, linked to the least performing of the Russell 2000 Index and the S&P 500 Index, maturing on January 25, 2030. The Notes pay a contingent coupon at a rate of 9.10% per annum only if, on each monthly observation date, both indices close at or above their coupon barriers, set at 70% of their initial levels.
UBS can call the Notes quarterly after six months, returning principal plus any due coupon, with no further payments. If the Notes are not called and both indices finish at or above their downside thresholds (60% of initial levels), investors receive full principal at maturity; if either index finishes below its downside threshold, the payoff is reduced one-for-one with the loss on the worst index, up to total loss of principal.
The Notes are unsecured, unsubordinated obligations of UBS, not listed on an exchange, and their estimated initial value is $977.60 per $1,000, reflecting fees, hedging and funding costs. Investors face equity market risk, reinvestment risk from potential early call, liquidity risk, and UBS credit risk.
UBS AG is offering $9,148,000 of Callable Contingent Interest Barrier Notes linked to the least performing of the Russell 2000® Index and the S&P 500® Index, maturing May 26, 2027.
The notes pay a fixed contingent interest of $7.50 per $1,000 note on monthly interest payment dates only if on the related observation date the closing level of each index is at or above its interest barrier, set at 65.00% of its initial level. UBS can call the notes in whole on any observation date (other than the valuation date), returning principal plus any due interest, after which no further payments are made.
If the notes are not called and on the valuation date either index finishes below its 65.00% trigger level, investors receive $1,000 multiplied by 1 plus the return of the worst performing index, which can mean a substantial or total loss of principal. Payments depend on UBS’s credit, the notes are not listed, and the estimated initial value is $985.00 per $1,000.
UBS AG London Branch is offering USD-denominated Contingent Income Auto-Callable Securities linked to the common stock of Atlassian Corporation. The notes target a $55.00 contingent payment per $1,000 (equivalent to 22.00% per annum) for each determination date on which Atlassian’s closing price is at or above 60.00% of the initial price.
If on any non-final determination date the closing price is at or above 100.00% of the initial price, the notes are automatically redeemed for the stated principal plus that period’s contingent payment. If the notes are not called and the final price is below the 60.00% downside threshold, holders receive a cash value equal to the exchange ratio times the final price, resulting in a significant loss of principal and potentially a total loss.
The notes pay no dividends, do not participate in any upside of Atlassian’s stock, and are unsecured, unsubordinated obligations of UBS AG, subject to UBS credit and Swiss resolution risks. They will not be listed, and the estimated initial value is expected between $922.70 and $952.70 per $1,000.00 note.
UBS AG London Branch is offering one-year structured notes linked to General Electric common stock, called Buffered Contingent Income Auto-Callable Securities with Memory Coupon and Downside Leverage, maturing on January 28, 2027. The notes seek to pay a contingent coupon of $11.725 per $1,000 (14.07% per annum) on each determination date if GE’s closing price is at or above the downside threshold of 80% of the $295.00 initial price.
If GE closes at or above the $295.00 call threshold on any non-final determination date, the notes are automatically redeemed for principal plus the due coupon and any unpaid “memory” coupons. If they are not called and GE finishes below the downside threshold, repayment is based on a 1.25x leveraged loss below that level, so investors can lose some or all principal. The notes are unsecured UBS obligations, not listed on an exchange, with an estimated initial value between $965.00 and $995.00 per $1,000, and carry extensive risks around loss of income, market volatility, liquidity, UBS credit risk and complex U.S. tax treatment.
UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of three market exposures: the Nasdaq-100 Technology Sector Index, the Energy Select Sector SPDR Fund and the Financial Select Sector SPDR Fund. The Notes have a term of about three years, $1,000 denomination and pay a contingent coupon at an annual rate of 11.60% only if, on each monthly observation date, every underlying is at or above its coupon barrier set at 70% of its initial level.
UBS may call the Notes at its discretion on any observation date after six months, returning principal plus any due coupon, with no further payments. If the Notes are not called and any underlying finishes below its downside threshold at 60% of its initial level, investors suffer a loss matching the negative return of the worst-performing underlying, up to a total loss of principal. The Notes are unsecured obligations of UBS, so all payments depend on UBS’s credit strength.
UBS AG is offering $1,767,000 of trigger autocallable notes linked to the least performing of the Nasdaq-100, Russell 2000 and S&P 500 indexes, maturing in January 2031. The notes can be automatically called every six months if all three indexes are at or above their call threshold levels, initially set at 100% of their starting values. If called, holders receive $1,000 per note plus a call return based on a 9.05% per annum rate, with the total call payout rising the longer the notes remain outstanding.
If the notes are never called and, at maturity, each index is at or above 70% of its initial level, investors receive only their $1,000 principal back with no additional return. If at least one index finishes below its 70% downside threshold, the maturity payment is reduced dollar-for-dollar with the loss on the worst-performing index, and holders can lose some or all of their investment. The notes pay no interest or dividends, may have limited secondary market liquidity, and all payments depend on the creditworthiness of UBS AG.
UBS AG is offering $5,000,000 of Trigger Callable Contingent Yield Notes, issued in $1,000 denominations and maturing on July 26, 2027. The notes are linked to the least performing of the Nasdaq-100 Index®, Russell 2000® Index and EURO STOXX 50® Index.
Investors earn a contingent coupon of 14.05% per annum (about $11.7083 per month per $1,000 note) only if on an observation date the closing level of each index is at or above its coupon barrier, set at 65% of its initial level. UBS can call the notes in whole on any monthly observation date starting after five months, paying back principal plus any due coupon.
A daily “knock-in” trigger applies: if any index ever closes below its downside threshold (set at 70% of its initial level) during the observation period and, at maturity, any index finishes below its initial level, principal is reduced one-for-one with the percentage loss of the worst index, up to a total loss. The notes are unsecured obligations of UBS; all payments depend on UBS’s credit, and the estimated initial value is $979.50 per $1,000 note.
UBS AG, via its London branch, is offering $475,000 of Trigger Autocallable Contingent Yield Notes linked to the Solactive U.S. Large Cap Volatility Navigator 40 Index, maturing on January 27, 2031. Each $1,000 note pays a monthly contingent coupon at an annual rate of 18.60% ($15.50 per month) only when the index closes at or above the coupon barrier of 199.58, which is 70.00% of the initial level of 285.12.
The notes can be automatically called after six months if the index closes at or above the call threshold of 285.12 (100.00% of the initial level); in that case investors receive principal plus the due coupon and the notes terminate. If the notes are not called and on the final valuation date the index is at or above the downside threshold of 142.56 (50.00% of the initial level), investors receive full principal back, with a coupon only if the index is also above the coupon barrier.
If the notes are not called and the final index level is below the downside threshold, repayment is reduced one-for-one with the index decline, and investors can lose all of their principal. Payments depend entirely on UBS’s credit, and the index itself is complex, using leverage up to 500%, a 40% volatility target and a 6.0% per annum decrement that drags on performance. The estimated initial value is $947.90 per $1,000 note, below the issue price, reflecting fees and UBS’s internal funding rate.
UBS AG is offering Buffer Callable Contingent Yield Notes linked to the least performing of the Russell 2000 Index and the S&P 500 Index, with a principal amount of $1,000 per Note and a term of about three years to February 1, 2029.
The Notes pay a contingent coupon of 9.80% per annum, credited monthly only if on each observation date both indices close at or above 85% of their initial levels, which is also the coupon barrier. UBS can call the Notes in whole, but not in part, on any monthly observation date starting after 12 months, paying back principal plus any due coupon and ending all future payments.
If the Notes are not called and both indices finish at or above 85% of their initial levels at maturity, investors receive their full principal. If any index finishes below that 85% downside threshold, repayment is reduced based on the loss of the worst-performing index beyond a 15% downside buffer, and investors can lose almost all of their investment. All payments depend on the creditworthiness of UBS.
UBS AG is offering $554,000 of Trigger Callable Contingent Yield Notes linked to the least performing of the VanEck® Gold Miners ETF (GDX) and the iShares® Silver Trust (SLV). Each $1,000 note pays a contingent coupon of 17.35% per annum, in monthly installments of $14.4583, but only when the closing level of both ETFs is at or above their coupon barriers of $60.77 for GDX and $50.38 for SLV, each 60.00% of its initial level.
UBS may call the notes in whole on any monthly observation date beginning after 3 months; if called, holders receive principal plus any due coupon and the notes terminate. If not called and both final ETF levels are at or above their downside thresholds (equal to the coupon barriers), investors receive full principal at maturity on July 26, 2027. If the final level of any ETF is below its downside threshold, repayment is reduced in line with the negative return of the worst-performing ETF, up to a complete loss of principal.
The notes are unsubordinated, unsecured UBS debt, not insured by any government agency. Any payment depends on UBS’s creditworthiness. The estimated initial value is $961.20 per note, below the $1,000 issue price, and the notes will not be listed, so secondary liquidity may be limited.
UBS AG is offering 1-year structured notes tied to Microsoft stock that combine high contingent income with significant downside risk. Each $1,000 Buffered Contingent Income Auto-Callable Security can pay $14.3083 per month (about 17.17% per annum) if Microsoft’s closing price on a determination date is at or above 90% of the $451.14 initial price, a downside threshold of $406.03. Missed coupons can be “remembered” and paid later if the threshold is later met.
If Microsoft closes at or above 100% of the initial price on any non-final determination date, the notes auto-call and pay back $1,000 plus that period’s coupon and any unpaid prior coupons. If not called and the final price is at or above the downside threshold, investors receive $1,000 plus all due coupons. If the final price is below the downside threshold, repayment is based on a leveraged loss (about 1.1111% loss for each 1% drop below the 90% level), and investors can lose some or all principal. The notes are unsecured UBS obligations, not listed on an exchange, and have an estimated initial value between $964.50 and $994.50 per $1,000.
UBS AG is offering Trigger Autocallable Contingent Yield Notes with Memory Interest linked to the common stock of Oracle Corporation, maturing on or about August 4, 2027. Each Note has a $1,000 principal amount and is designed to pay a contingent coupon at an annual rate of 15.00%–16.00%, paid monthly if Oracle’s closing price on a coupon observation date is at or above a coupon barrier set at 60% of the initial level. Missed coupons can be paid later if the barrier is met, via the memory interest feature.
The Notes are automatically called if Oracle’s price on a quarterly call observation date is at or above the call threshold, set at 100% of the initial level, in which case investors receive principal plus due and unpaid coupons and the Notes terminate early. If not called and Oracle’s final level is at or above the downside threshold (also 60% of the initial level), investors receive full principal at maturity. If the final level is below the downside threshold, investors receive a fixed share delivery amount of Oracle stock instead of cash, expected to be worth significantly less than $1,000, exposing them to substantial or total loss of principal.
The Notes are unsecured, unsubordinated obligations of UBS, subject to UBS credit risk, will not be listed on an exchange, and may have limited or no secondary market. The estimated initial value is expected to be between $935.10 and $965.10 per $1,000 Note, below the issue price due to dealer compensation, hedging and issuance costs.
UBS AG is offering trigger callable contingent yield notes linked to the worst performer of the Nasdaq-100 Technology Sector Index, the Russell 2000 Index and the S&P 500 Index, with a term of about 18 months. The notes pay a contingent coupon at an annual rate of 11.85% (about $9.875 per $1,000 note per month) only when all three indexes are at or above 70% of their initial levels on the relevant observation date.
UBS can call the notes in whole on any monthly observation date after three months, returning principal plus any due coupon, after which no further payments are made. If the notes are not called and any index finishes below its 70% downside threshold at maturity, repayment is reduced one-for-one with the loss on the worst-performing index, and investors can lose most or all of their principal. All payments depend on UBS’s credit, and the estimated initial value per note is between $960 and $990, below the $1,000 issue price.
UBS AG is offering Digital S&P 500® Index-Linked Medium-Term Notes that pay no interest and return a cash amount at maturity based on the performance of the S&P 500 Index over about 22–25 months. For each $1,000 face amount, if the final index level is at or above 87.50% of the initial level, holders receive a fixed maximum settlement amount, expected to range between $1,141.20 and $1,166.10.
If the S&P 500 falls more than 12.50% from its initial level, principal is at risk: holders lose approximately 1.1429% of face amount for every 1% the index finishes below the 87.50% buffer, and could lose their entire investment. The notes are unsecured obligations of UBS, not FDIC insured, are not listed on an exchange, and their estimated initial value is expected to be between $968.00 and $998.00 per $1,000, reflecting internal pricing and hedging costs.
UBS AG London Branch is offering Capped Leveraged Buffered S&P 500® Index-Linked Medium-Term Notes that pay no interest and are unsecured debt of UBS. Each note has a $1,000 face amount and a term expected between 13 and 15 months. The cash you receive at maturity depends on the S&P 500® Index level on the determination date.
You get 170.00% participation in any positive index return, but your maximum payout is capped by a maximum settlement amount expected to be between $1,120.19 and $1,141.27 per $1,000. If the index falls up to 10.00%, you still receive $1,000. If it falls by more than 10.00%, you lose about 1.1111% of principal for every additional 1% decline and could lose your entire investment.
The notes are not listed, may have limited or no secondary market and the estimated initial value is expected between $968.00 and $998.00 per $1,000, below the issue price. Investors forgo dividends on S&P 500 stocks and bear UBS credit risk and complex U.S. tax and withholding considerations.
UBS AG is offering $1,150,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Netflix, Inc., maturing on July 26, 2027. The Notes pay a contingent coupon, illustrated at 12.29% per annum ($0.3073 per $10 Note per observation period), only when Netflix’s closing share price on an observation date is at or above the coupon barrier, set at 70% of the initial level.
The Notes are automatically called if Netflix’s share price on a quarterly observation date (starting after six months) is at or above the initial level, returning the $10 principal per Note plus any due coupon, with no further payments. If not called, and the final share price is at or above the same 70% downside threshold, investors receive the $10 principal at maturity, plus any final coupon.
If the Notes are not called and Netflix’s final share price is below the downside threshold, repayment is reduced dollar-for-dollar with the stock’s decline, using $10 × (1 + underlying return), and the entire investment can be lost. The Notes are unsecured, unsubordinated UBS debt, carry no listing, have an estimated initial value of $9.80 per $10 Note, and are subject to UBS’s credit risk.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of First Solar, Inc., with a principal amount of $10 per Note and a term to January 26, 2028. Investors may receive a contingent coupon at a rate of 14.41% per annum (about $0.3603 per period on a $10 Note) only when the First Solar share price on an observation date is at or above the coupon barrier.
The Notes can be automatically called quarterly, starting after about nine months, if the stock closes at or above the initial level, returning principal plus the applicable contingent coupon, with no further payments. If not called, and on the final valuation date First Solar’s share price is at or above the downside threshold of $50.00 (50% of the initial level), principal is repaid and a final coupon is paid only if the price is also at or above the $60.00 coupon barrier.
If the Notes are not called and the final stock price is below the downside threshold, repayment is reduced in line with the stock’s percentage loss, and investors can lose up to 100% of their principal. The Notes are unsecured obligations of UBS, are not listed, have a minimum investment of 100 Notes ($1,000), and an estimated initial value of $9.72 per $10 Note.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Netflix, Inc., maturing on or about July 26, 2027. These are unsubordinated, unsecured debt obligations of UBS that pay a contingent coupon only if Netflix’s closing share price on a quarterly observation date is at or above a preset coupon barrier; otherwise no coupon is paid for that period.
The notes can be called early each quarter starting about six months after issuance if Netflix’s price is at or above the initial level, in which case investors receive the principal plus any due coupon and the notes terminate. If the notes are 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 the share decline and investors can lose all of their investment. Any payment depends on UBS’s credit. Notes are offered at $10 per Note, with a minimum of 100 Notes, and the estimated initial value is expected to be between $9.42 and $9.67 per Note.
UBS AG is offering $200,000 of Trigger Autocallable Contingent Yield Notes linked to Palantir Technologies Inc. common stock, maturing January 26, 2029. These unsecured debt notes pay a high contingent coupon of 19.41% per annum only if Palantir’s share price on each observation date is at or above a coupon barrier set at 60% of the initial share price. If on any observation date before maturity the share price is at or above the initial level, the notes are automatically called and investors receive $10 per note plus the applicable coupon, with no further payments.
If the notes are not called and Palantir’s final share price is at or above the 60% downside threshold, investors receive back the $10 principal per note (plus a final coupon if the barrier is met). If the final share price is below the downside threshold, repayment is reduced in line with the share’s percentage loss, and investors can lose their entire investment. The notes are not listed, carry UBS credit risk, and have an estimated initial value of $9.69 per $10 note.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of First Solar, Inc., with an expected maturity on or about January 26, 2028. These unsecured, unsubordinated debt obligations can pay quarterly contingent coupons only when the First Solar share price on the relevant observation date is at or above a specified coupon barrier; no coupon is paid for periods when the stock closes below that level.
The notes may be automatically called on any quarterly observation date beginning after nine months if the stock closes at or above its initial level, in which case investors receive principal plus any due contingent coupon and the product terminates early. If the notes are not called and the final stock level on the January 24, 2028 valuation date is at or above a downside threshold, investors receive full principal back; if it is below that threshold, repayment is reduced in line with the stock’s percentage loss and can fall to zero.
The notes are not listed on any exchange, are subject to the credit risk of UBS, and may result in the loss of a significant portion or all of the initial investment. The minimum investment is 100 notes at $10 per note, and the estimated initial value per note on the trade date is expected to be between $9.42 and $9.67.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Palantir Technologies Inc., maturing on or about January 26, 2029. These unsecured debt notes can pay periodic contingent coupons, but only if Palantir’s share price on each observation date is at or above a preset coupon barrier.
The notes are automatically called before maturity if Palantir’s stock closes at or above the initial level on any observation date, in which 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 only their 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, causing a complete loss of principal.
The notes are offered in minimums of 100 notes at $10 each, with an estimated initial value per note between $9.34 and $9.59. Payments depend both on Palantir’s share performance and the creditworthiness of UBS, and the notes will not be listed on any exchange.
UBS AG is offering $2,000,000 of Trigger Yield Notes linked to the common stock of Intel Corporation, combining high coupon income with conditional principal protection.
UBS will pay a coupon on every payment date regardless of Intel’s share performance; an example shows a 22.60% per annum rate, or $0.1883 per month on a $10 Note. At maturity on July 27, 2026, if Intel’s closing level on the final valuation date is at or above a preset downside threshold, investors receive the full $10 principal per Note plus the final coupon.
If the final Intel level is below the downside threshold, the redemption amount is reduced in line with the percentage decline in Intel’s share price, and investors can lose some or all of their principal. All payments depend on the creditworthiness of UBS, so a UBS default could lead to a total loss. The Notes will not be listed, have a minimum purchase of 100 Notes at $10 each, and have an estimated initial value of $9.87 per Note.
UBS AG is offering unsecured Trigger Yield Notes linked to the common stock of Intel Corporation, maturing on or about July 27, 2026. The Notes pay a fixed coupon on each coupon payment date regardless of how Intel’s share price performs.
At maturity, if Intel’s closing level on the final valuation date is at or above a preset downside threshold, investors receive the full principal per Note plus the final coupon. If the final level is below the downside threshold, the cash payment per Note is reduced in line with the percentage decline in Intel’s stock, and investors can lose some or all of their initial investment.
All payments depend on the creditworthiness of UBS; a default could result in a total loss. The Notes are not listed on any exchange, carry a minimum investment of 100 Notes at $10 each, and have an estimated initial value between $9.59 and $9.84 per $10 principal amount, based on UBS internal pricing models.
UBS AG is offering $250,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Micron Technology, Inc., maturing on January 26, 2027. These unsecured UBS debt notes pay a contingent coupon only when Micron’s closing share price on a quarterly observation date is at or above a coupon barrier set at 50% of the initial share price, with a sample contingent coupon rate of 20.47% per annum ($0.5118 per $10 note per quarter). The notes can be called early after six months if Micron’s price is at or above the initial level, in which case investors receive principal plus the applicable coupon and no further payments. If the notes are not called and Micron’s final price is at or above the downside threshold (50% of the initial level), investors receive full principal at maturity; if it is below, repayment is reduced in line with Micron’s loss, and the entire principal can be lost. Any payment depends on UBS’s credit, the notes are not listed, the minimum investment is 100 notes at $10 each, 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 Micron Technology, Inc., maturing on or about January 26, 2027. Each Note has a principal amount of $10, with a minimum investment of 100 Notes, or $1,000. These unsecured, unsubordinated debt obligations pay a contingent coupon only if the Micron share price on an observation date, including the final valuation date, is at or above a preset coupon barrier.
The Notes can be automatically called quarterly, beginning after 6 months, if Micron’s stock closes at or above the initial level on an observation date, in which case investors receive the $10 principal plus any due contingent coupon, and the Note terminates. If not called and the final stock level is at or above the downside threshold, investors receive the $10 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 estimated initial value per $10 Note is expected to be between $9.37 and $9.62, and all payments depend on UBS’s credit, with no listing on any exchange.
UBS AG is offering unsubordinated, unsecured Trigger Autocallable Contingent Yield Notes linked to the common stock of Zscaler, Inc., maturing on January 26, 2027. Each Note has a principal amount of $10 and is designed to pay a contingent coupon only if Zscaler’s closing share price on an observation date is at or above a preset coupon barrier.
The Notes are subject to automatic call if Zscaler’s stock closes at or above the initial level on any observation date before the final valuation date; in that case, UBS repays the $10 principal per Note plus any due contingent coupon, and the product terminates early. If not called, and the final stock level is at or above a downside threshold, investors receive their $10 principal at maturity, potentially with a final contingent coupon.
If the Notes are not called and Zscaler’s final stock level is below the downside threshold, the maturity payment is reduced in line with the stock’s percentage decline, down to a possible total loss of principal. All payments depend on UBS’s creditworthiness. The Notes will not be listed, require a minimum investment of 100 Notes ($1,000), and have an estimated initial value of $9.73 per Note as of the trade date.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Zscaler, Inc., maturing on or about January 26, 2027. These unsecured debt obligations pay a contingent coupon only if the Zscaler share price on each observation date is at or above a set coupon barrier; otherwise, no coupon is paid for that period.
The notes can be automatically called early if Zscaler’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 due contingent coupon, and the product terminates. If not called, and the final share price is at or above the downside threshold, investors receive principal back at maturity; if it is below the threshold, repayment is reduced in line with the share’s percentage decline and all principal can be lost.
The minimum investment is 100 notes at $10 each. UBS estimates the initial value of each note on the trade date will be between $9.43 and $9.68, and all payments depend on UBS’s creditworthiness. The issuer emphasizes that the notes are significantly riskier than conventional debt and may not suit investors who do not fully understand these risks.
UBS AG is offering $100,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Netflix, Inc., maturing on January 26, 2028. These notes pay a contingent coupon only when Netflix’s closing share price on an observation date is at or above a preset coupon barrier, illustrated at 70% of the initial level, with an example contingent coupon rate of 11.35% per annum.
The notes are 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 $10 principal per note plus the applicable coupon and no further payments. If the notes are not called and Netflix’s final share price is at or above the downside threshold (also illustrated at 70% of the initial level), principal is repaid and a final coupon may be paid. If the final level is below the downside threshold, repayment is reduced in line with the stock’s decline, and the entire principal can be lost.
The notes are unsecured, unsubordinated obligations of UBS, are not listed on any exchange, and are exposed both to Netflix share performance and UBS credit risk. The offering price is $10 per note with a minimum investment of 100 notes, and the estimated initial value is $9.75 per note based on UBS’ internal pricing models.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Netflix, Inc., maturing on or about January 26, 2028. These unsecured debt notes pay a contingent coupon only when Netflix’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 can be called early if Netflix closes at or above the initial level on any observation date before final valuation, in which case investors 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, investors receive full principal at maturity; if it is below that threshold, repayment is reduced in line with the share price decline and can fall to zero.
The minimum investment is 100 notes at $10 each, and the estimated initial value is expected to be between $9.45 and $9.70 per note. Payments depend entirely on both Netflix’s share performance and the creditworthiness of UBS, and the notes will not be listed on any exchange.
UBS AG is offering $300,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of United Airlines Holdings, Inc., maturing on January 26, 2027. The Notes pay a contingent coupon only on dates when the underlying stock closes at or above a preset coupon barrier; if the stock is below that level on an observation date, no coupon is paid for that quarter.
The Notes are automatically called if, on any quarterly observation date starting about six months after issuance, the stock closes at or above its initial level, in which case investors receive the principal plus any due coupon and the Notes terminate. If the Notes are not called and the stock is at or above a downside threshold at final valuation, investors receive full principal back, but if it is below that threshold they are exposed one-for-one to the stock’s loss and can lose their entire investment.
The minimum investment is 100 Notes at $10 each, and the estimated initial value is $9.78 per Note, reflecting UBS’s internal pricing and funding assumptions. All payments depend on UBS’s credit; if UBS defaults, investors may receive nothing.
UBS AG is offering unsecured Trigger Autocallable Contingent Yield Notes linked to the common stock of United Airlines Holdings, Inc., maturing on or about January 26, 2027. These notes pay a contingent coupon only when the stock closes at or above a preset coupon barrier on the quarterly observation dates, and they can be called early if the stock is at or above its initial level on any observation date after six months.
If the notes are not called and the final stock level is at or above the downside threshold, investors receive back the full principal at maturity; if it is below the threshold, repayment is reduced in line with the stock’s decline and total loss of principal is possible. The notes are minimum $10 denominations with a $1,000 minimum investment, are not listed on any exchange, are not insured, and all payments depend on the creditworthiness of UBS. The estimated initial value per note on the trade date is expected to be between $9.41 and $9.66, below the $10 issue price.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Spotify Technology S.A. stock, with a stated deal size of $100,000. These unsecured debt notes pay a contingent quarterly-style coupon only when Spotify’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 can be called early: if on any observation date before maturity Spotify’s share price is at or above the initial level, UBS automatically redeems the notes for the $10 principal per Note plus any due coupon, and all future payments stop. If the notes are never called and Spotify’s final stock level on January 24, 2028 is at or above the downside threshold, investors receive back principal (and a final coupon if the barrier is met). If the final level is below the downside threshold, repayment is reduced in line with the stock’s percentage loss, and investors can lose all of their money.
The product has a hypothetical contingent coupon rate of 10.96% per year (about $0.274 per $10 Note per period) and a downside threshold and coupon barrier both set at 60% of the initial level. The estimated initial value is $9.74 per $10 Note. 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.
UBS AG is offering unsecured Trigger Autocallable Contingent Yield Notes linked to the common stock of Spotify Technology S.A.. These market-linked notes pay a contingent coupon only on observation dates when Spotify’s closing share price is at or above a specified coupon barrier.
The notes can be automatically called before maturity if Spotify’s share price on an observation date is at or above the initial level, in which case investors receive the principal plus any due coupon and the notes terminate. If not called, investors receive full principal at maturity only if the final share price is at or above a downside threshold; otherwise, repayment is reduced in line with Spotify’s decline and can drop to zero. Payments depend on UBS’s credit, the notes will not be listed, each note has a $10 principal amount with a 100-note minimum purchase, and the estimated initial value is expected between $9.44 and $9.69 per note.
UBS AG is offering unsecured Trigger Autocallable Notes linked to the least performing of the Nasdaq‑100, Russell 2000 and S&P 500 Index. The notes have a $1,000 principal amount, an expected term of about 5 years, and a fixed 8.76% per annum call return rate.
The notes are automatically called monthly (after 12 months) if all three indices are at or above their call threshold, initially set at 100% of each index’s initial level. If called, investors receive principal plus the accrued call return and no further payments.
If not called and each index finishes at or above its 70% downside threshold, investors receive principal only at maturity. If any index ends below its downside threshold, repayment is reduced one‑for‑one with the decline of the worst index, and investors can lose up to 100% of principal. Payments depend entirely on UBS’s credit and the notes pay no interest or dividends.