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 Vistra Corp., maturing around January 21, 2028. These unsecured debt obligations can pay quarterly contingent coupons only when the Vistra 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 automatically called early if, on any quarterly observation date after six months and before the final valuation date on January 19, 2028, Vistra’s 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 the notes terminate.
If the notes are not called and Vistra’s final level is at or above the downside threshold, investors receive their principal at maturity (and a final coupon if the coupon barrier is met). If the final level is below the downside threshold, the repayment is reduced in line with the negative stock return, and investors can lose a significant portion or all of their investment. All payments depend on UBS’s creditworthiness.
UBS AG is offering $1,193,000 of Trigger Autocallable Contingent Yield Notes linked to Oracle Corporation common stock, maturing January 21, 2028. These notes pay a contingent coupon only when Oracle’s closing level on an observation date is at or above a preset coupon barrier; otherwise no coupon is paid. The notes can be automatically called early if Oracle’s price is at or above the initial level on any observation date, 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 Oracle’s final level on January 19, 2028 is at or above the downside threshold, UBS repays the $10 principal per Note, potentially with a final coupon. If the final level is below the downside threshold, repayment is reduced in line with Oracle’s percentage decline, and investors can lose all of their initial investment. A hypothetical structure shows a 14.70% per annum contingent coupon and a downside threshold and coupon barrier both set at $50.00, which is 50.00% of the initial level.
The notes are unsecured, unsubordinated UBS debt and all payments depend on UBS’s credit. They are not bank deposits, are not FDIC insured, will not be listed on an exchange, and have an estimated initial value of $9.82 per $10 Note, reflecting internal pricing and funding costs.
UBS AG is offering unsecured Trigger Autocallable Contingent Yield Notes linked to the common stock of Oracle Corporation, with an expected maturity on or about January 21, 2028. These Notes can pay contingent coupons on scheduled coupon payment dates, but only if Oracle’s closing share price on the related observation date is at or above a preset coupon barrier.
The Notes are automatically called early if, on any observation date before the final valuation date, Oracle’s share price is at or above the initial level; in that case investors receive the principal plus any due contingent coupon, and the Notes terminate. If not called and Oracle’s final level is at or above the downside threshold, investors receive their full principal at maturity; if it is below the downside threshold, repayment is reduced in line with Oracle’s decline and can fall to zero. The Notes are not listed, are subject to UBS credit risk, have a minimum investment of 100 Notes at $10 each, and an estimated initial value between $9.44 and $9.69 per Note.
UBS AG is offering $200,000 of Trigger Autocallable Contingent Yield Notes linked to the American depositary receipts of Petróleo Brasileiro S.A., maturing on July 21, 2027. These unsecured debt notes pay a contingent coupon only if the Petrobras ADR closes at or above a preset coupon barrier on each observation date.
The notes are automatically called before maturity if the ADR closes 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, investors receive full principal at maturity only if the final ADR level is at or above the downside threshold; otherwise they incur a loss matching the ADR’s decline and could lose their entire investment. Payments depend on the creditworthiness of UBS, the notes will not be listed on any exchange, the minimum investment is 100 notes at $10 each, and the estimated initial value is $9.57 per note.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the American depositary receipts of Petróleo Brasileiro S.A. The notes pay contingent coupons only on dates when the ADR’s closing level is at or above a preset coupon barrier, and they can be automatically called early if the ADR closes at or above its initial level on any observation date before maturity.
If the notes are not called and the ADR’s final level is at or above a downside threshold, investors receive back the principal at maturity; if it is below that threshold, repayment is reduced in line with the ADR’s decline and all principal can be lost. Any payment depends on the creditworthiness of UBS, the notes are unsecured, will not be listed on an exchange, and are sold in minimums of 100 notes at $10 per note. Final terms will be set on the trade date, and the estimated initial value is expected to be below the $10 issue price.
UBS AG is offering $500,000 of Trigger Autocallable Contingent Yield Notes linked to Intel Corporation common stock, maturing January 21, 2027. These unsecured senior debt notes pay a contingent coupon only if Intel’s closing share price on each observation date is at or above a preset coupon barrier; otherwise no coupon is paid for that period.
On any observation date before maturity, if Intel’s share price is at or above the initial level, the notes are automatically called and investors receive the $10 principal per note plus the applicable contingent coupon, with no further payments. If the notes are not called and the final Intel share price is at or above the downside threshold, investors receive full principal at maturity, plus any final contingent coupon if the coupon barrier is met.
If the notes are not called and the final Intel 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 are not listed, have a minimum investment of 100 notes at $10 each, and have an estimated initial value of $9.82 per note, subject to UBS’s credit risk.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Intel Corporation, maturing on or about January 21, 2027. Each Note has a principal amount of $10, with a minimum investment of 100 Notes (a $1,000 investment).
Investors receive a contingent coupon on each coupon payment date only if Intel’s closing share price on the related observation date is at or above a preset coupon barrier. The Notes are automatically called early if Intel’s share price on any observation date before maturity is at or above the initial level, in which case investors receive principal plus the due coupon, and the product terminates.
If the Notes are not called and Intel’s final share price is at or above a specified downside threshold, investors receive full principal at maturity (plus any 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 negative performance, and investors can lose some or all of their initial investment. All payments depend on the creditworthiness of UBS. The estimated initial value per Note on the trade date is expected to be between $9.45 and $9.70.
UBS AG is offering $480,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Micron Technology, Inc., maturing on January 21, 2028. Each Note has a principal amount of $10 and the minimum investment is 100 Notes, or $1,000.
The Notes pay a contingent coupon on scheduled coupon payment dates only if Micron’s closing share price on the related observation date is at or above a preset coupon barrier; otherwise no coupon is paid for that period. The Notes are automatically called early if Micron’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 Notes terminate.
If the Notes are not called and, on the final valuation date, Micron’s share price is at or above a specified downside threshold, investors receive the full $10 principal per Note. If it is below that threshold, repayment is reduced in line with Micron’s decline, and investors can lose most or all of their investment. The estimated initial value is $9.79 per Note, and all payments depend on the creditworthiness of UBS AG.
UBS AG is offering $525,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Vertiv Holdings Co, maturing on January 21, 2028. These unsecured debt notes can pay periodic contingent coupons only when Vertiv’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 automatically called early if Vertiv’s stock closes at or above the initial level on any observation date before maturity, in which case investors receive the principal plus any due coupon and the product terminates. If the notes are not called and Vertiv’s final level is at or above the downside threshold, investors receive full principal at maturity; if it is below the threshold, repayment is reduced in line with the stock’s decline, and the entire principal can be lost.
The minimum investment is 100 notes at $10 each, and the estimated initial value is $9.75 per note, reflecting UBS’s internal pricing. An example in the document illustrates a contingent coupon rate of 27.59% per annum with a downside threshold and coupon barrier at 70% of the initial level. All payments depend on UBS’s creditworthiness.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Micron Technology, Inc., maturing on or about January 21, 2028. Each Note has a principal amount of $10, with a minimum investment of 100 Notes (a $1,000 investment).
These Notes can pay periodic contingent coupons only if, on an observation date, the Micron stock price is at or above a specified coupon barrier. The Notes may be automatically called early if Micron’s stock closes at or above the initial level on any observation date before maturity, in which case holders receive the principal plus any due coupon and no further payments.
If the Notes are not called and Micron’s stock is at or above the downside threshold at final valuation, holders receive the full principal (and a final coupon if the coupon barrier is met). If the final level is below the downside threshold, repayment is reduced in line with the stock’s decline, and the entire investment can be lost. All payments depend on the creditworthiness of UBS, and the estimated initial value per Note is expected to be between $9.41 and $9.66.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Vertiv Holdings Co, with a scheduled maturity around January 21, 2028. These are unsecured, unsubordinated debt obligations of UBS and are not bank deposits or FDIC insured.
Investors receive a contingent coupon only on observation dates when Vertiv’s closing level is at or above a coupon barrier; no coupon is paid if the level is below that barrier. The notes are automatically called early if Vertiv’s closing level on any observation date before the final valuation date is at or above the initial level, in which case UBS repays the principal plus any due coupon and makes no further payments.
If the notes are not called and the final Vertiv level is at or above a downside threshold, UBS repays the $10 principal per note at maturity; if it is below that threshold, repayment is reduced in line with Vertiv’s decline and investors can lose all of their investment. The preliminary supplement shows a hypothetical contingent coupon rate of 25.38% per year and a minimum purchase of 100 notes at $10 each, and estimates the initial value per note between $9.38 and $9.63.
UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the Nasdaq-100 Technology Sector Index, the Russell 2000 Index and the S&P 500 Index, maturing around January 26, 2029. The notes pay a 9.45% per annum contingent coupon (about $7.875 per $1,000 monthly) only when all three indices close at or above 70% of their initial levels on an observation date; otherwise no coupon is paid.
UBS can call the notes in whole, beginning after six months, paying back principal plus any due coupon, with no further payments. If the notes are not called and, at maturity, all indices are at or above 60% of their initial levels, investors receive full principal; if any index is below 60%, repayment is reduced in line with the worst index’s percentage decline, up to a total loss of principal. The notes are unsecured obligations of UBS, not listed on an exchange, and carry issuer credit risk. The estimated initial value is between $954.40 and $984.40 per $1,000 note, reflecting fees, hedging and UBS’ internal funding rate.
UBS AG is offering $1,950,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Amgen Inc., maturing on January 22, 2029. The Notes pay a contingent coupon only on dates when Amgen’s share price is at or above a preset coupon barrier; if it is below, no coupon is paid for that period. On quarterly observation dates before maturity, the Notes are automatically called if Amgen’s share price is at or above the initial level, in which case investors receive the $10 principal per Note plus any due coupon and the product ends early. If the Notes are not called and Amgen’s final share price is at or above the downside threshold, investors receive full principal back; if it is below, repayment is reduced in line with Amgen’s percentage decline and can fall to zero. All payments depend on UBS’s credit, the Notes are not listed on any exchange, the minimum investment is 100 Notes ($1,000), and the estimated initial value is $9.64 per $10 Note.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Amgen Inc., maturing on or about January 22, 2029. These unsecured debt notes pay a contingent coupon only on dates when Amgen’s closing share price is at or above a preset coupon barrier; if the stock closes below that level on an observation date, no coupon is paid for that period.
The notes can be called early each quarter, beginning about six months after issuance, if Amgen’s share price is at or above the initial level. In that case, investors receive the principal plus any due coupon and the product terminates. If the notes are not called and, on the final valuation date, Amgen’s share price is at or above the downside threshold, investors receive full principal back at maturity. If it is below the downside threshold, repayment is reduced in line with the stock’s decline and investors can lose all of their initial investment.
The minimum investment is 100 notes at $10 each. Any payment, including return of principal, depends on the creditworthiness of UBS, and the estimated initial value per note is expected to be between $9.34 and $9.59. The notes will not be listed on any exchange, and secondary market liquidity may be limited.
UBS AG is offering $2,299,000 of Trigger Callable Contingent Yield Notes linked to the least performing of the Russell 2000 Index and the S&P 500 Index. The notes pay an 8.80% per annum contingent coupon (paid quarterly as $22 per $1,000) only if, on each observation date, both indices close at or above their coupon barriers set at 70% of initial levels. UBS may, at its discretion, call the notes on any quarterly observation date (other than the final one) and repay principal plus any due coupon.
If the notes are not called and on the final valuation date either index finishes below its downside threshold at 60% of its initial level, investors receive reduced principal based on the negative return of the worst-performing index and can lose all of their investment. The notes are unsecured obligations of UBS, are not listed on any exchange, carry liquidity and reinvestment risks, and have an estimated initial value of $971.60 per $1,000, below the issue price due to fees, hedging costs and UBS’s internal funding rate.
UBS AG is offering $5,670,000 of Trigger Callable Contingent Yield Notes due January 19, 2029, linked to the least performing of the Nasdaq-100® Technology Sector Index, the Industrial Select Sector SPDR Fund and the Utilities Select Sector SPDR Fund. The notes pay an 11.55% per annum contingent coupon (monthly $9.625 per $1,000) only when all three underlyings close at or above 70% of their initial levels on an observation date.
UBS may call the notes in whole on any monthly observation date beginning after six months, paying principal plus any due coupon, with no further payments. If the notes are not called and any underlying finishes below its 70% downside threshold at maturity, investors lose principal in line with the worst performer, up to a total loss. The notes are unsecured obligations of UBS, and the estimated initial value is $986.80 per $1,000 issue price.
UBS AG is offering $365,000 of Trigger Callable Contingent Yield Notes linked to the least performing of the Nasdaq-100, Russell 2000 and S&P 500 indices, maturing January 21, 2027. The notes pay a 9.25% per annum contingent coupon (about $7.7083 per $1,000 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 principal plus any due coupon and ending further 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 negative return of the worst-performing index and could lose their entire investment. The notes are unsecured obligations of UBS, not insured deposits, have an estimated initial value of $978.30 per $1,000, will not be listed on an exchange, and can be difficult to sell. Extensive risk factors and complex U.S. tax treatment apply.
UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the Nasdaq-100® Technology Sector Index, the Russell 2000® Index and the S&P 500® Index, with a term of approximately three years.
The Notes pay an 11.00% per annum contingent coupon only if, on a monthly observation date, each index closes at or above 70.00% of its initial level; otherwise no coupon is paid for that month. UBS can call the Notes in whole on any observation date beginning after three months, returning principal plus any due coupon.
If the Notes are not called and, at maturity, each index is at or above its 70.00% downside threshold, investors receive full principal back. If any index is below its threshold, repayment is reduced based on the decline of the worst-performing index, and investors can lose up to all of their investment. The Notes are unsecured obligations of UBS, are not insured, will not be listed, and have an estimated initial value between $903.80 and $933.80 per $1,000 issue price.
UBS AG is offering Capped GEARS notes linked to the S&P 500 Index that expose investors to leveraged upside with a strict cap and full downside market risk. Each Security has a $10 principal amount, a term of about 14 months and offers 3.00x participation in any positive index return, but gains are capped by a maximum gain currently indicated in a range of 11.90% to 13.90%, limiting the maximum payment at maturity per Security to between $11.19 and $11.39.
If the index return is zero, investors simply receive the $10 principal amount at maturity. If the index return is negative, the repayment is reduced one-for-one with the index decline, so a 40% drop in the S&P 500 would return $6 per Security, and a severe fall could result in a total loss of principal. The notes pay no interest and do not pass through dividends or voting rights on S&P 500 stocks.
The Securities are unsubordinated, unsecured obligations of UBS AG, so all payments depend on UBS’s credit; a default or regulatory resolution action could result in losing some or all of the investment. The estimated initial value is expected to be between $9.49 and $9.79 per $10 Security, reflecting underwriting discount, hedging and issuance costs, and there may be little or no secondary market trading.
UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the Nasdaq‑100 Technology Sector Index, the Russell 2000 Index and the S&P 500 Index, with a principal amount of $1,000 per Note and a contingent coupon rate of 11.05% per annum. Coupons are paid monthly only if all three indexes close at or above 70% of their initial levels on the relevant observation date.
UBS may call the Notes in whole on any monthly observation date starting 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, investors receive $1,000 multiplied by the return of the worst‑performing index and can lose all of their initial investment. Payments depend on UBS’s credit, and the estimated initial value is expected between $955 and $985 per $1,000 issue price.
UBS AG is offering unsecured Trigger Autocallable Notes linked to the worst performer among the Nasdaq-100, Russell 2000 and S&P 500, maturing around January 27, 2031. The notes pay no interest but can be automatically called semiannually if all three indices are at or above their call threshold levels, with a call return based on a 9.05% per annum rate; the call price can reach up to $1,452.50 per $1,000 note at maturity. If the notes are never called and each index finishes at or above its 70% downside threshold, investors receive only their $1,000 principal. If any index ends below its downside threshold, repayment is reduced dollar-for-dollar with the worst index’s loss, potentially to zero. The estimated initial value is expected between $921.30 and $951.30 per note, reflecting dealer compensation (up to $41.25 per note) and UBS’ internal funding rate, and any payment is subject to UBS’ credit risk.
UBS AG is offering Buffer Autocallable GEARS, unsecured debt securities linked to the Russell 2000® Index, with a principal amount of $10 per Security and a term to about January 31, 2029. The notes may be automatically called on the February 4, 2027 observation date if the index closes at or above 100.00% of the initial level, paying a call price equal to principal plus a 10.00% call return.
If not called and the index is above its initial level at maturity, investors receive principal plus the index gain multiplied by upside gearing of 1.31 to 1.51. If the index is flat or down but not below 90.00% of the initial level, principal is repaid due to a 10.00% downside buffer. Below that threshold, losses match index declines beyond the buffer and investors could lose almost all of their investment.
The Securities pay no interest, are not listed, and all payments depend on UBS’s credit. The estimated initial value is expected between $9.44 and $9.74 per $10 Security, and the minimum investment is 100 Securities.
UBS AG is offering $1,000 Trigger Autocallable Notes linked to the worst performer among the Nasdaq-100 Technology Sector Index, the Russell 2000 Index and the Utilities Select Sector SPDR Fund, maturing around January 28, 2031. The notes can be automatically called monthly after 12 months if all three underlyings are at or above their call threshold, initially set at 100% of each initial level. If called, investors receive principal plus a call return based on a 12.50% per annum rate, with the call price rising over time up to 62.50% total at maturity.
If the notes are not called and on the final valuation date every underlying is at or above its downside threshold of 70% of its initial level, investors receive only their $1,000 principal back with no additional return. If any underlying finishes below its downside threshold, the maturity payment is reduced dollar-for-dollar with the percentage loss of the worst-performing underlying, and the entire investment can be lost.
The notes pay no interest, do not pass through dividends, are unsecured and unsubordinated obligations of UBS, and will not be listed on any exchange. UBS estimates the initial value at $920.80–$950.80 per $1,000, reflecting embedded fees, hedging costs and its internal funding rate. All payments depend on UBS’s creditworthiness.
UBS AG is offering Trigger Callable Contingent Yield Notes, unsecured debt linked to the worst performer of the Dow Jones Industrial Average, Nasdaq-100 Technology Sector Index and S&P 500 Index, maturing around January 25, 2029. The Notes pay an 8.25% per annum contingent coupon only if on each monthly observation date all three indices close at or above a coupon barrier set at 55% of their initial levels; otherwise no coupon is paid for that month.
UBS may, at its discretion, call the Notes in whole (but not in part) on any monthly observation date beginning after three months, returning principal plus any due coupon and ending all future payments. If the Notes are not called and at maturity every index finishes at or above its downside threshold (also 55% of initial level), holders receive full principal back. If any index finishes below its downside threshold, repayment is reduced 1-for-1 with the negative return of the worst index, and investors can lose up to 100% of principal. All payments depend on UBS’s credit and the Notes will not be listed on an exchange.
UBS AG is offering $3,000,000 of Capped Buffer GEARS linked to an equally weighted basket of 10 selected equities, maturing on April 19, 2027. Each Security has a $10 principal amount and pays no interest. At maturity, if the basket return is positive, investors receive $10 plus the lesser of the basket return multiplied by 2.00 upside gearing or a 32.00% maximum gain, capping the payment at $13.20 per Security.
If the basket return is zero or negative but the final basket level is at or above the 92.00 downside threshold (an 8.00% buffer), the principal is repaid. If the final basket level falls below that threshold, repayment is reduced by losses beyond the 8.00% buffer and investors can lose almost all of their investment. The notes are unsecured, unsubordinated obligations of UBS, exposed to its credit risk, with an estimated initial value of $9.801 per $10 issue price.
UBS AG is offering trigger callable contingent yield notes linked to the least performing of the SPDR S&P Regional Banking ETF, the Nasdaq-100 Index and the S&P 500 Index, maturing in late January 2030. The notes pay an annual contingent coupon of 11.45%, credited monthly only when all three underlying assets close at or above 70% of their initial level on the relevant observation date.
UBS can call the notes in whole on any monthly observation date starting after six months, returning principal plus any due coupon, with no further payments. If the notes are not called and any underlying finishes below 60% of its initial level at maturity, investors take a loss matching the decline of the worst performer and can lose their entire principal. All payments depend on the creditworthiness of UBS.
UBS AG is offering trigger callable contingent yield notes linked to the worst performer of the Nasdaq-100, Russell 2000 and S&P 500 over about four years. The notes pay a 9.55% per annum contingent coupon only if on each quarterly observation date all three indices are at or above a coupon barrier set at 70% of their initial level. UBS can call the notes in whole on any observation date (other than the final one), returning principal plus any due coupon but ending future payments.
If the notes are not called and, at maturity, any index finishes below its downside threshold of 60% of its initial level, investors take a loss matching that index’s full negative return and could lose their entire principal. The notes do not participate in any index upside, pay no dividends and expose holders to UBS credit risk and limited or no secondary market liquidity.
UBS AG, through its London Branch, is offering Trigger Callable Contingent Yield Notes linked to the Russell 2000 Index and the S&P 500 Index. These are unsecured, unsubordinated debt securities with a term of about 18 months and a stated principal of $1,000 per Note.
The Notes pay a 9.50% per annum contingent coupon, credited monthly only if on each observation date both indices close at or above 70% of their initial levels (the coupon barriers). UBS can call the Notes in whole on any monthly observation date starting after six months, repaying principal plus any due coupon, ending all future payments.
If the Notes are not called and, at maturity, both indices are at or above their 70% downside thresholds, investors receive back principal (plus any final coupon). If either index finishes below its downside threshold, the repayment is reduced one-for-one with the loss on the worst-performing index, and investors can lose their entire investment. All payments depend on UBS’s creditworthiness, and the estimated initial value is expected between $965.10 and $995.10 per $1,000 Note.
UBS AG is offering $300,000 of Trigger Autocallable Contingent Yield Notes linked to Coinbase Global, Inc. common stock, maturing on January 4, 2029. Each $1,000 Note can pay a contingent coupon at an annual rate of approximately 25.00% (about $62.50 per year) if Coinbase’s closing stock price on an observation date is at or above the coupon barrier of $167.50, which is 70% of the $239.28 initial level.
The Notes are automatically called if Coinbase closes at or above the call threshold of $239.28 (100% of the initial level) on any observation date before maturity, 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 the $167.50 downside threshold; otherwise, repayment is reduced one-for-one with Coinbase’s decline, and investors can lose their entire investment. These are unsecured, unsubordinated obligations of UBS, with an estimated initial value of $966.90 per $1,000 Note and primary proceeds of $294,000 to UBS.
UBS AG is offering $1,975,000 of trigger autocallable contingent yield notes linked to Oracle Corporation common stock, maturing on January 20, 2027. Each $10 Note can pay an 11.50% per annum contingent coupon (about $0.2875 per quarter) if Oracle’s closing price on a quarterly observation date is at or above the coupon barrier of $96.81, which is 50% of the $193.61 initial level.
The Notes are automatically called early, returning principal plus the applicable coupon, if on any observation date before maturity Oracle closes at or above the call threshold of $193.61 (100% of the initial level). If the Notes are not called and Oracle’s final level is at or above the $96.81 downside threshold, investors receive their $10 principal back at maturity. If the final level is below the downside threshold, repayment is reduced one-for-one with Oracle’s decline, and investors can lose some or all of their investment. All payments depend on UBS’s credit; if UBS defaults, investors could lose their entire investment.
UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the VanEck Gold Miners ETF (GDX) and the iShares Silver Trust (SLV), with a scheduled maturity on or about July 26, 2027 and a denomination of $1,000 per Note. The Notes pay a contingent coupon of 17.35% per annum, in equal monthly installments of $14.4583 per Note, but only if on each monthly observation date the closing level of both ETFs is at or above a coupon barrier set at 60% of their initial levels.
UBS may, at its discretion, call the Notes in whole on any observation date beginning after three months; if called, investors receive the $1,000 principal plus any due contingent coupon, and the Notes terminate. If not called and, at maturity, both ETFs are at or above their downside thresholds (also 60% of initial levels), investors receive full principal repayment. If any ETF finishes below its downside threshold, the maturity payment is reduced to $1,000 × (1 + return of the least performing ETF), which can result in losing some or all of the initial investment.
The Notes are unsecured, unsubordinated obligations of UBS, are not bank deposits, and are not insured by any government agency. The estimated initial value per $1,000 Note is expected to be between $922.90 and $952.90, reflecting underwriting compensation, hedging and other costs, and there may be little or no secondary market trading.
UBS AG is offering $373,000 of Step Down Trigger Autocallable Notes linked to the Solactive U.S. Large Cap Volatility Navigator Index, maturing on January 18, 2036. Each Note has a $1,000 principal amount and can be automatically called quarterly after one year if the index closes at or above the call threshold level, paying back principal plus a call return based on a 20.65% per annum rate. The longer the Notes remain outstanding before an automatic call, the higher the total call price investors receive.
If the Notes are never called and the index’s final level is below the downside threshold of 166.52 (60% of the 277.54 initial level), UBS will repay less than principal at maturity, with the loss matching the index’s percentage decline, and investors could lose their entire investment. The estimated initial value is $922.60 per $1,000 Note, reflecting fees and UBS’ internal funding rate, and all payments depend on UBS’ ability to meet its debt obligations.
UBS AG is offering Airbag Autocallable Yield Notes linked to the least performing of Amazon, Microsoft and NVIDIA stock, with a term of approximately two years. The Notes pay a fixed coupon of 10.65% per annum, paid quarterly, regardless of stock performance unless the Notes are automatically called.
The Notes are automatically called if on any quarterly observation date after six months each stock closes at or above its call threshold level, set at 100% of its initial level, returning principal plus the coupon for that date. If not called and each final stock level is at or above its conversion level of 70% of its initial level, investors receive full principal back at maturity. If any stock finishes below its conversion level, investors receive shares of the worst-performing stock based on a preset share delivery amount, which is expected to be worth less than principal, so some or all of the initial investment may be lost. All payments are unsecured obligations of UBS, and the estimated initial value per $1,000 Note is between $932.10 and $962.10.
UBS AG is offering $468,000 of two-year Trigger Callable Contingent Yield Notes linked to the worst performer of three major equity indexes. The notes reference the Nasdaq-100 Technology Sector Index, the Russell 2000 Index and the S&P 500 Index, each with a coupon barrier and downside threshold set at 70% of its initial level.
The notes pay a 12.00% per annum contingent coupon ($10.00 per $1,000 monthly) only when all three indexes close at or above their coupon barriers on an observation date. UBS can call the notes in whole on any monthly observation date after three months, returning the $1,000 principal per note plus any due coupon, with no further payments.
If the notes are not called and, at maturity, each index is at or above its downside threshold, investors receive full principal back (and a final coupon if all are above their barriers). If any index finishes below its downside threshold, the maturity payment is reduced dollar-for-dollar with the decline of the worst-performing index, and investors can lose all principal. The notes are unsecured obligations of UBS, have no listing, and their estimated initial value is $979.30 per $1,000 issue price.
UBS AG is offering $468,000 of Trigger Callable Contingent Yield Notes, issued at $1,000 per Note, linked to the least performing of the Nasdaq-100 Technology Sector Index, the Russell 2000 Index and the S&P 500 Index, and maturing on January 21, 2028.
The Notes pay a 12.00% per annum contingent coupon (about $10 per month per $1,000 Note) only if on each monthly observation date all three indices are at or above 70% of their initial levels, which also serve as downside thresholds. UBS can call the Notes in whole on any observation date after three months, returning principal plus any due coupon, with no further payments.
If the Notes are not called and any index ends below its downside threshold, repayment is reduced in line with the negative return of the worst-performing index, and investors can lose all principal. The Notes are unsecured obligations of UBS, and the estimated initial value is $979.30 per Note, below the issue price.
UBS AG is offering $3,701,000 of Trigger Callable Contingent Yield Notes linked to the worst performer among the Nasdaq-100 Technology Sector Index, the Russell 2000 Index and the S&P 500 Index, maturing on December 20, 2027. The Notes pay a contingent coupon at an annual rate of 11.25% (monthly coupons of $9.375 per $1,000) only if on each observation date all three indices are at or above 70% of their initial levels. UBS can call the Notes monthly after three months, repaying principal plus any due coupon, ending all future payments. If the Notes are not called and any index finishes below its 70% downside threshold, investors receive $1,000 times 1 plus the return of the worst-performing index, which can result in a substantial or total loss of principal. All payments depend on UBS’s credit, and the estimated initial value per Note is $975, below the $1,000 issue price.
UBS AG is offering Airbag Callable Contingent Yield Notes linked to the worst performer of two oil-focused ETFs, VanEck Oil Services (OIH) and SPDR S&P Oil & Gas Exploration & Production (XOP), maturing on January 21, 2027. Each $1,000 Note pays a 14.55% per annum contingent coupon (about $12.125 per month) only if both ETFs stay at or above 80% of their initial levels on the monthly observation dates.
UBS may call the Notes monthly after three months, returning principal plus any due coupon, ending future payments. If the Notes are not called and either ETF finishes below its 80% downside threshold, repayment is reduced using 1.25x downside leverage, so a large enough decline in the worst ETF can erase your entire principal. All payments depend on UBS’s credit, and the Notes will not trade on an exchange.
UBS AG London Branch is offering Capped Leveraged Buffered Basket-Linked Medium-Term Notes due December 3, 2027, with an aggregate face amount of $4,362,000. Each $1,000 note is linked to an unequally weighted basket of five equity indices: EURO STOXX 50® (38%), TOPIX (26%), FTSE® 100 (17%), Swiss Market Index (11%) and S&P/ASX 200 (8%).
The notes pay no interest. At maturity, investors get $1,000 plus 230% of any positive basket return, capped at a maximum settlement amount of $1,246.56 per $1,000, corresponding to a cap level of 110.72% of the initial basket level. A 15% downside buffer protects principal if the basket decline is limited; below 85% of the initial basket level, losses accelerate at approximately 1.1765% of principal for every 1% drop beyond the buffer, and investors can lose their entire investment. The estimated initial value is $997.50 per $1,000, reflecting UBS’ internal pricing and hedging costs. Repayment depends entirely on UBS’ credit.
UBS AG is offering Trigger Autocallable Contingent Yield Notes with Memory Interest linked to the common stock of Flutter Entertainment plc, maturing around February 1, 2029. Each Note has a $1,000 principal amount and pays a quarterly contingent coupon at an annual rate expected between 10.00% and 11.00%, but only if Flutter’s share price on the observation date is at or above a coupon barrier set at 65.00% of the initial level. Missed coupons can be paid later if the barrier is met, under the memory feature.
The Notes are autocallable after 6 months if Flutter’s stock closes at or above 100.00% of the initial level on an observation date; in that case investors receive principal plus due and unpaid coupons, and the product terminates early. If the Notes are not called and Flutter’s final level is at or above the downside threshold of 65.00% of the initial level, investors receive full principal back. If the final level is below this threshold, repayment is reduced one-for-one with the stock’s loss, and investors can lose their entire investment.
The estimated initial value per Note is expected between $925.50 and $955.50, below the $1,000 issue price, reflecting underwriting discounts, hedging and issuance costs. The Notes are unsecured, unsubordinated obligations of UBS, are not FDIC insured, will not be listed on an exchange, and carry both market risk tied to Flutter’s stock and credit risk of UBS.
UBS AG is offering $225,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Fluor Corporation, maturing January 20, 2027. Each Note has a $10 principal amount, with a minimum investment of 100 Notes (a $1,000 investment), and an estimated initial value of $9.80 per Note based on UBS’ internal pricing models.
The Notes pay a contingent coupon only if Fluor’s share price on an observation date is at or above a preset coupon barrier; otherwise no coupon is paid. The Notes are autocallable before maturity if Fluor’s price is at or above the initial level on an observation date, in which case investors receive principal plus the due coupon and the Notes terminate. 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 Fluor’s decline, and investors can lose all of their investment. All payments depend on UBS’s credit and the Notes will not be listed on an exchange.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Fluor Corporation, maturing around January 20, 2027. These unsecured debt notes pay a contingent coupon only on observation dates when Fluor’s closing share price is at or above a preset coupon barrier; otherwise no coupon is paid. The notes can be automatically called early if the 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 no further payments. If the notes are not called and Fluor’s final share price is at or above the downside threshold, investors receive their principal back at maturity, with a coupon if the barrier is met. If the final price is below the downside threshold, repayment is reduced in line with Fluor’s decline, and investors can lose their entire investment. Hypothetical terms illustrate an 18.96% annual contingent coupon, with both the coupon barrier and downside threshold at 75% of the initial level, and an estimated initial value between $9.44 and $9.69 per $10 Note, all subject to UBS’s credit risk.
UBS AG is offering $325,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Moderna, Inc., maturing on January 20, 2027. Each Note has a $10 principal amount and can pay contingent coupons if Moderna’s share price on an observation date is at or above a specified coupon barrier.
The Notes may 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 which case investors receive principal plus the applicable contingent coupon and the Notes terminate. If the Notes are not called and Moderna’s stock on the final valuation date is at or above a downside threshold, investors receive their principal back, plus any final contingent coupon.
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 decline, and investors can lose most or 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 Albemarle Corporation, maturing on January 20, 2027. These notes pay a contingent coupon only if Albemarle’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 Albemarle’s share price on any observation date before maturity is at or above the initial level, in which case investors receive their principal plus the applicable contingent coupon and the product terminates.
If the notes are not called and Albemarle’s final share price is at or above the downside threshold, UBS repays the $10 principal per note. If the final price is below the downside threshold, repayment is reduced in line with the stock’s negative performance and investors can lose all of their investment. An example uses a 28.32% per annum contingent coupon rate, with both the coupon barrier and downside threshold at $65.00, or 65% of the initial level. The notes are unsecured obligations of UBS, not insured, not listed on any exchange, and have an estimated initial value of $9.83 per $10 issue price.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Moderna, Inc., maturing on or about January 20, 2027. These unsecured debt notes pay a contingent coupon only if the Moderna share price on an observation date is at or above the coupon barrier; otherwise no coupon is paid for that period. The notes are automatically called early if the share price on any observation date before maturity is at or above the initial level, in which case investors receive principal plus the applicable contingent coupon and the notes terminate.
If the notes are not called and the final share level is at or above the downside threshold, investors receive their $10 principal per note at maturity, with a contingent coupon if the barrier is also 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 initial investment. Payments depend on UBS’s credit, the notes are not listed, the minimum investment is 100 notes at $10 each, and the estimated initial value per note is expected between $9.42 and $9.67.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Fluor Corporation, with a scheduled maturity on or about January 20, 2027. These unsecured debt securities pay contingent coupons only when Fluor’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 early if Fluor’s share price on any observation date before the final valuation date is at or above the initial level, in which case holders receive the principal plus any due coupon and the product terminates. If the notes are not called and Fluor’s final share price is at or above a downside threshold, investors receive only the principal back at maturity. If the final price is below the downside threshold, repayment is reduced in line with Fluor’s decline and can fall to zero, resulting in a total loss of principal. Any payment depends on the creditworthiness of UBS, the notes will not be listed on an exchange, 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.
UBS AG is offering trigger autocallable contingent yield notes linked to the common stock of Albemarle Corporation, maturing on or about January 20, 2027. These unsecured debt obligations pay a contingent coupon only if Albemarle’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 Albemarle’s stock closes at or above the initial level on any observation date before the final valuation date, in which case holders receive principal plus the applicable contingent coupon and the notes terminate. 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 final level is below the downside threshold, repayment is reduced in line with Albemarle’s negative return, and all principal can be lost. The notes are unsecured obligations of UBS, are not insured, will not be listed on an exchange, require a minimum $1,000 investment, and have an estimated initial value between $9.47 and $9.72 per $10 note.
UBS AG is offering $325,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of V.F. Corporation. These unsecured, unsubordinated notes can pay periodic contingent coupons, but only if the V.F. Corporation 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 an 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 the notes are not called and the final share level is at or above the 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 investors can lose their entire investment.
The notes are not listed on any exchange, carry UBS credit risk, and are offered in minimum denominations of 100 notes at $10 each. The estimated initial value is $9.77 per $10 note, based on UBS internal pricing models.
UBS AG is offering $100,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Olin Corporation, maturing January 20, 2028. These unsecured debt notes may pay a contingent coupon only when Olin’s share price on an observation date is at or above a preset coupon barrier; otherwise no coupon is paid for that period. 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 principal plus the applicable contingent coupon, with no further payments.
If the notes are not called and Olin’s share price on the final valuation date is at or above the downside threshold, investors receive their principal back at maturity. If it is below the downside threshold, repayment is reduced in line with the stock’s percentage decline and can fall to zero, so investors may lose all of their investment. An example illustrates a 19.43% per annum contingent coupon with both the downside threshold and coupon barrier set at 60% of the initial level. The notes are issued in $10 denominations, have an estimated initial value of $9.59 per note, are not listed on any 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 V.F. Corporation, maturing on or about January 20, 2027. Each Note has a principal amount of $10, with a minimum investment of 100 Notes.
The Notes can pay periodic contingent coupons, but only if the V.F. Corp share price on an observation date 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 investors receive the principal plus any due coupon, with 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. If the final share price is below this threshold, repayment is reduced in line with the stock’s decline and investors can lose all of their investment. All payments depend on UBS’s credit, and the estimated initial value per $10 Note is expected to be between $9.41 and $9.66.
UBS AG is offering $122,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Marvell Technology, Inc., maturing January 20, 2027. These unsecured debt securities may pay contingent coupons only if Marvell’s share price on each observation date is at or above a preset coupon barrier; otherwise no coupon is paid for that period.
The notes are automatically called early if Marvell’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 notes terminate. If the notes are not called and Marvell’s share price on the final 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 decline and investors can lose all of their investment. All payments depend on the creditworthiness of UBS, and the estimated initial value per Note on the trade date is $9.82 versus the $10 issue price.