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 $35,060,300 of Trigger Callable Contingent Yield Notes with Daily Coupon Observation at $10 per note. These unsecured debt securities pay a contingent coupon at a rate of 10.55% per annum only if, on every trading day in a quarter, the Nasdaq-100, Russell 2000 and S&P 500 indexes all stay at or above their coupon barriers, set at 70% of their initial levels. Missing that barrier on any day for any index cancels that quarter’s coupon.
UBS can call the notes in whole on quarterly observation end dates before maturity and, if it does, pays back principal plus any due coupon, with no further payments. If the notes are not called and, on the final valuation date in July 2029, each index is at or above its downside threshold (60% of its initial level), investors receive full principal back. If any index finishes below its downside threshold, repayment is reduced one-for-one with the worst index’s loss, up to a total loss of principal.
The notes are not listed, may have limited liquidity, and all payments depend on UBS’s credit. The estimated initial value is $9.90 per $10 note, below the issue price, reflecting fees, hedging costs and UBS’s internal funding rate.
UBS AG is offering $2,131,000 of Trigger Callable Contingent Yield Notes linked to the least performing of the Dow Jones Industrial Average, Nasdaq-100 Technology Sector Index and Russell 2000 Index, maturing January 19, 2029. The notes pay a monthly contingent coupon at a 10.00% per annum rate ($8.3333 per $1,000) only if each index closes at or above its coupon barrier, set at 65.00% of its initial level, on the relevant observation date.
UBS can call the notes in whole, beginning after six months, paying principal plus any due coupon, after which no further payments are made. If the notes are not called and any index finishes below its 65.00% downside threshold, repayment is reduced in line with the worst index’s loss, up to a total loss of principal. The notes are unsecured obligations of UBS, carry UBS credit risk, are not insured, will not be listed on an exchange, and had an estimated initial value of $968.70 per $1,000 at pricing, below the issue price.
UBS AG plans to issue Step Down Trigger Autocallable Notes linked to the Solactive U.S. Large Cap Volatility Navigator Index, with a term of about 10 years and quarterly observation dates beginning after 12 months. The Notes may be automatically called if the index closes at or above a call threshold on any observation date, paying a call price that combines the $1,000 principal with a call return based on a 21.00% per annum rate that increases the longer the Notes remain outstanding.
If the Notes are never called and the final index level is below the downside threshold, set at 60.00% of the initial level, investors receive $1,000 × (1 + underlying return), exposing them to full downside beyond that point and potentially a total loss of principal. The index itself is complex, using up to 500% leverage, a 35% target volatility and a 6.0% per annum daily decrement that drags on performance. UBS discloses an estimated initial value between $895.80 and $925.80 per $1,000 Note, reflecting fees, hedging and funding costs, and emphasizes that all payments depend on its creditworthiness.
UBS AG is offering $6.889 million 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 January 2030. The Notes pay a 10.30% per annum contingent coupon (about $8.5833 per $1,000 monthly) only if on each observation date all three indices are at or above their coupon barriers set at 70% of initial levels.
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 each index finishes at or above its downside threshold (60% of initial), investors receive full principal; if any index finishes below its downside threshold, repayment is reduced one-for-one with the loss of the worst index, and all principal can be lost.
The Notes are unsecured debt of UBS, not insured deposits, will not be listed on an exchange, and their estimated initial value is $965.90 per $1,000, reflecting fees and UBS’ internal funding rate.
UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the Russell 2000 Index and the S&P 500 Index, each with a $1,000 principal amount and a contingent coupon rate of 8.80% per annum. Investors receive quarterly coupons only if both indices close at or above their coupon barriers, set at 70% of each initial level. UBS can call the notes on any quarterly observation date (other than the final one) and repay principal plus the due coupon, ending all future payments.
If the notes are not called and, at maturity in January 2031, both indices are at or above their downside thresholds, set at 60% of initial levels, investors receive full principal back (plus any final coupon if barriers are met). If any index finishes below its downside threshold, repayment is reduced one-for-one with the decline of the worst-performing index, and all principal can be lost. The estimated initial value is between $959.20 and $989.20 per note, and all payments depend on the creditworthiness of UBS.
UBS AG is offering Trigger Callable Contingent Yield Notes linked to the worst performer of the Russell 2000 Index and the S&P 500 Index, maturing around January 27, 2028. Each Note has a $1,000 principal amount and pays a 7.65% per annum contingent coupon (about $19.125 per quarter) only if, on the relevant observation date, both indices close at or above their coupon barriers, set at 60.00% of their initial levels.
UBS can call the Notes in whole on any quarterly observation date after six months, paying back principal plus any due coupon, after which no further payments are made. If the Notes are not called and both indices finish at or above their downside thresholds (also 60.00% of initial levels), investors receive the full $1,000 at maturity. If any index finishes below its downside threshold, repayment is reduced in line with the percentage loss of the worst-performing index, and investors can lose all of their investment.
The Notes are unsecured obligations of UBS, not deposits, and are not insured. The estimated initial value is expected between $959.20 and $989.20 per $1,000 Note, reflecting dealer compensation and structuring costs, and there is no listing or assured secondary market.
UBS AG is issuing $410,000 of Trigger Callable Contingent Yield Notes linked to the least performing of the Nasdaq-100, Russell 2000 and S&P 500 indices, maturing January 19, 2029. Each $1,000 note offers a 9.90% per annum contingent coupon, paid monthly as $8.25 only if all three indices close at or above their coupon barriers on each observation date.
UBS can call the notes in whole, starting after three months, paying back principal plus any due coupon, and ending all future payments. If the notes are not called and all indices finish at or above their downside thresholds (70% of initial levels), investors receive full principal at maturity. If any index finishes below its downside threshold, repayment is reduced in line with the worst-performing index and can fall to zero, causing a full loss of principal.
The notes are unsecured obligations of UBS AG, with an estimated initial value of $962.70 per note, below the $1,000 issue price. Any payment depends on UBS’s credit, the notes will not be listed, and liquidity and tax treatment are subject to significant uncertainties.
UBS AG is offering preliminary Trigger Callable Contingent Yield Notes linked to the least performing of the Nasdaq‑100 Technology Sector Index, Russell 2000 Index and S&P 500 Index, maturing around January 26, 2029. The Notes pay a 10.35% per annum contingent coupon (about $8.625 per $1,000 monthly) only when on an observation date the closing level of each index is at or above its coupon barrier set at 70% of its initial level.
UBS may call the Notes in whole on any monthly observation date starting after three months, returning principal plus any due coupon, with no further payments. If the Notes are not called and on the final valuation date every index is at or above its downside threshold of 55% of its initial level, investors receive full principal back (plus any final coupon). If any index finishes below its downside threshold, repayment is reduced one‑for‑one with the loss on the worst index, and investors can lose up to all of their investment. All payments depend on UBS’s credit, and the Notes will not be listed, with an estimated initial value between $960.60 and $990.60 per $1,000.
UBS AG is offering Trigger Callable Contingent Yield Notes linked to the worst performer of the Nasdaq-100 Index, the Russell 2000 Index and the S&P 500 Index, maturing around July 18, 2029. The notes pay a quarterly contingent coupon only if, on every trading day in the observation period, each index stays at or above a coupon barrier set at 70% of its initial level. The indicated minimum contingent coupon rate is at least 10.85% per annum on the $10 principal amount per note.
UBS can call the notes in whole on any quarterly observation end date (except the final one), 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 downside threshold of 60% of its initial level, investors receive $10 multiplied by one plus the return of the worst-performing index, which can mean a substantial or total loss of principal. All payments depend on UBS’s creditworthiness, and the estimated initial value per $10 note is expected to be between $9.60 and $9.90.
UBS AG is offering $979,000 of Trigger Callable Contingent Yield Notes linked to the least performing of the Nasdaq-100® Technology Sector Index, the Russell 2000® Index and the S&P 500® Index, each with coupon barriers and downside thresholds set at 70.00% of their initial levels. The Notes pay a contingent coupon at a rate of 11.15% per annum (about $9.2917 per $1,000 monthly) only if on each observation date the closing level of every index is at or above its coupon barrier.
UBS may call the Notes in whole, but not in part, on any monthly observation date beginning after 3 months, returning the $1,000 principal per Note plus any due coupon, after which no further payments are made. If the Notes are not called and, at maturity in December 2027, each index is at or above its downside threshold, investors receive full principal; otherwise repayment is reduced in line with the negative return of the worst-performing index and can fall to zero.
The Notes are unsecured obligations of UBS AG London Branch, are not deposit products, will not be listed on an exchange, and their value and any payments depend on UBS’s creditworthiness. The estimated initial value per Note is $971.60, reflecting embedded fees and UBS’s internal funding rate.
UBS AG is offering $750,000 of Trigger Callable Contingent Yield Notes, issued in $1,000 denominations and linked to the least performing of the Nasdaq-100 Technology Sector Index, the Russell 2000 Index and the S&P 500 Index, maturing in January 2029.
The notes pay an 11.00% per annum contingent coupon (about $9.1667 per month per $1,000) only when all three indexes close at or above 70% of their initial levels on an observation date. UBS can call the notes in whole on any monthly observation date starting after three months, returning principal plus any due coupon, and ending all future payments.
If the notes are not called and any index finishes below its 70% downside threshold at maturity, investors lose principal one-for-one with the decline of the worst-performing index and could lose their entire investment. The notes are unsecured, unsubordinated obligations of UBS AG London Branch, with payments subject to UBS credit risk. The estimated initial value per $1,000 note is $966.80, reflecting fees, hedging and UBS’ internal funding rate.
UBS AG is offering $3,000,000 of Trigger Callable Contingent Yield Notes linked to the worst performer of three sector ETFs: Energy (XLE), Real Estate (XLRE) and Utilities (XLU), maturing in January 2028. The notes pay an 11.25% per annum contingent coupon only if, on each monthly observation date, all three ETFs close at or above their coupon barriers, set at 70% of their initial levels. UBS can call the notes in whole on any observation date after three months, returning principal plus any due coupon, and ending further payments.
If the notes are not called and, at maturity, any ETF finishes below its downside threshold (also 70% of its initial level), investors receive $1,000 multiplied by 1 plus the return of the worst-performing ETF, which can result in a full loss of principal. The estimated initial value is $973.90 per $1,000 note, below the issue price, reflecting fees, hedging costs and UBS’ internal funding rate. All payments depend on UBS’ credit; a default could lead to loss of the entire investment.
UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the Nasdaq-100, Russell 2000 and S&P 500 indexes, maturing around January 28, 2030. The Notes pay a 10.35% per annum contingent coupon (about $8.625 per $1,000 monthly) only if on each observation date all three indexes are at or above 70% of their initial levels. UBS can call the Notes in whole on any monthly observation date starting after three months, returning principal plus any due coupon.
If the Notes are not called and at maturity all indexes are at or above their downside thresholds (70% of initial), investors receive back the $1,000 principal. If any index finishes below its downside threshold, repayment is reduced 1-for-1 with the decline of the worst-performing index, up to a total loss of principal. The Notes are unsecured obligations of UBS, not listed, and have an estimated initial value between $960.50 and $990.50 per $1,000 issue price.
UBS AG is offering Trigger Autocallable Contingent Yield Notes with Memory Interest linked to Tesla, Inc. stock, with a total issue size of $689,000 and $1,000 per Note, maturing on July 19, 2027. The Notes pay a contingent coupon at a rate of 19.25% per annum ($48.125 per quarter) only if Tesla’s closing price on each quarterly observation date is at or above the coupon barrier of $307.44, which is 70.00% of the initial level of $439.20. Missed coupons can be paid later under the “memory interest” feature if conditions are met.
The Notes are automatically called early if Tesla closes at or above the call threshold level of $439.20 (100.00% of the initial level) on any observation date before final valuation, returning principal plus the relevant coupons and ending the investment. If not called and Tesla’s final level is at or above the $307.44 downside threshold, investors get back principal in cash. If the final level is below the downside threshold, investors receive 2.2769 Tesla shares per Note (plus cash for any fraction), exposing them to full downside below the barrier and potentially a near-total loss.
The estimated initial value is $967.70 per Note, below the $1,000 issue price, reflecting fees and UBS’ internal funding rate. The Notes are unsecured, unsubordinated obligations of UBS, not listed on any exchange, and all payments depend on UBS’ credit; a UBS default could result in losing the entire investment.
UBS AG is offering $3,129,000 of Trigger Callable Contingent Yield Notes linked to the least performing of the SPDR S&P Regional Banking ETF (KRE), the Nasdaq-100 Technology Sector Index (NDXT) and the Energy Select Sector SPDR Fund (XLE), maturing in January 2029.
The notes pay an 11.60% per annum contingent coupon only if, on each monthly observation date, every underlying is at or above its coupon barrier set at 70% of its initial level. UBS can call the notes after six months, repaying principal plus any due coupon, ending all future payments.
If the notes are not called and any underlying finishes below its downside threshold at 50% of its initial level, investors lose principal in line with the worst performer and could lose their entire investment. Any payment depends on UBS’s creditworthiness, and the estimated initial value of each $1,000 note is $977.20, below the issue price.
UBS AG is offering Trigger Autocallable Yield Notes linked to the common stock of Datadog, Inc., maturing on January 20, 2028. Each Note has a $1,000 principal amount and pays a fixed coupon at a rate of 13.00% per annum, paid monthly, regardless of Datadog’s share performance, unless the Notes are automatically called.
The Notes can be called early beginning after six months if Datadog’s closing price on an observation date is at or above the call threshold level of $122.41, which equals 100.00% of the initial level. If called, investors receive the principal plus the coupon for that date and no further payments. If the Notes are not called and Datadog’s final level on January 14, 2028 is at or above the downside threshold of $67.33 (55.00% of the initial level), investors receive full principal at maturity.
If the Notes are not called and the final level is below the downside threshold, the maturity payment is reduced in line with Datadog’s percentage decline, and investors can lose some or all of their initial investment. The Notes are unsecured, unsubordinated obligations of UBS, carry an estimated initial value between $955.60 and $985.60 per Note, will not be listed on an exchange, and expose holders to both market risk in Datadog shares and the credit risk of UBS.
UBS AG is offering Trigger Autocallable Contingent Yield Notes with Memory Interest linked to the least performing of the Nasdaq-100 Index, Russell 2000 Index, Financial Select Sector SPDR Fund and Utilities Select Sector SPDR Fund, maturing in January 2030. Each Note has a $1,000 principal amount and pays a 9.10% per annum contingent coupon, evaluated monthly, only if every underlying stays at or above its coupon barrier, generally 75% of its initial level, with unpaid coupons potentially paid later under the memory feature.
The Notes can be automatically called after 12 months if all underlyings are at or above their call threshold levels, set at 100% of initial levels, returning principal plus due and unpaid coupons. If not called and every underlying finishes at or above its downside threshold, generally 65% of its initial level, investors receive full principal at maturity; if any finishes below its downside threshold, repayment is reduced in line with the worst performer and can fall to zero. The estimated initial value is between $951.30 and $981.30 per Note versus a $1,000 issue price, they are unsecured obligations of UBS, not listed on any exchange, and all payments depend on UBS’s credit.
UBS AG is offering Trigger Autocallable GEARS notes linked to an equally weighted basket of 36 large‑cap and growth equities, maturing on or about January 30, 2031. Each Security has a $10 principal amount and pays no interest or dividends.
The notes may be automatically called on February 4, 2027 if the basket is at or above 100% of its initial level, in which case investors receive $11.05 per Security (a 10.50% call return) and the product terminates early. If not called, at maturity investors receive $10 plus any positive basket return multiplied by upside gearing of 1.30 to 1.50, or full principal back if the final basket level is at or above 75% of the initial level.
If the final basket level falls below the 75% downside threshold and the notes are not called, repayment is reduced one‑for‑one with the basket loss, and the entire investment can be lost. Any payment depends on UBS’s credit; the notes are unsecured, unsubordinated debt, are not FDIC insured, are not exchange‑listed, and have an estimated initial value of $9.319 to $9.619 per $10 issue price.
UBS AG is offering Trigger Autocallable GEARS notes linked to an equally weighted basket of 18 equities, maturing around January 30, 2031. These $10-per-note securities can be automatically called in February 2027 if the basket level is at or above 100% of its initial level, paying a fixed 11.00% call return and terminating the investment.
If the notes are not called and the basket finishes above its initial level, investors receive the $10 principal plus the positive basket return multiplied by upside gearing between 1.30 and 1.50. If the basket return is zero or negative but the final level stays at or above 75% of the initial level, principal is repaid at maturity. However, if the basket ends below the 75% downside threshold, repayment is reduced dollar-for-dollar with the basket loss, and investors can lose up to their entire investment.
The notes pay no interest or dividends, carry UBS credit risk, and are not listed on any exchange. The estimated initial value is expected between $9.354 and $9.654 per $10 note, reflecting underwriting and hedging costs and UBS’ internal funding rate.
UBS AG is offering $100,000 of Trigger Autocallable Contingent Yield Notes linked to Vertiv Holdings common stock, maturing on January 18, 2028.
The Notes pay a contingent coupon, illustrated at 17.21% per annum ($0.8605 per $10 Note per period), only when Vertiv’s share price on an observation date is at or above a coupon barrier set at 50% of the initial level. The Notes are automatically called early if Vertiv’s stock closes at or above the initial level on any observation date before final valuation, returning principal plus the due coupon.
If not called and the final stock level is at or above the downside threshold (also 50% of the initial level), investors receive principal back at maturity. If the final level is below the downside threshold, repayment is reduced one-for-one with Vertiv’s decline, and the entire investment can be lost. The Notes are unsecured UBS debt, not FDIC insured, not exchange-listed, have a $10 issue price with a minimum 100-Note ($1,000) investment, and an estimated initial value of $9.75 per Note, highlighting embedded costs and risk.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Vertiv Holdings Co, with a scheduled maturity on or about January 18, 2028. The Notes pay a contingent coupon only if Vertiv’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 may be automatically called before maturity if Vertiv’s stock closes at or above the initial level on any observation date, 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 Vertiv’s final share price is at or above a downside threshold, investors receive back the $10 principal per Note at maturity; if it is below that threshold, repayment is reduced in line with the stock’s decline and can fall to zero. The offering size is in integral multiples of $10, with a minimum of 100 Notes, and the estimated initial value per $10 Note is expected to be between $9.45 and $9.70, reflecting UBS’s internal pricing and funding. All payments depend on UBS’s credit, and the Notes will not be listed on any exchange.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Carnival Corporation common stock, maturing January 16, 2029. These unsecured, unsubordinated debt securities pay a contingent coupon only if Carnival’s share price on each observation date is at or above a preset coupon barrier; otherwise no coupon is paid.
The notes are automatically called early if Carnival’s stock closes at or above the initial level on any observation date before the final valuation date, in which case investors receive the $10 principal per note plus the due coupon and no further payments. If the notes are not called and the final stock level is at or above a downside threshold, investors receive principal back at maturity.
If the notes are not called and the final stock level is below the downside threshold, repayment is reduced in line with the stock’s percentage decline, and investors can lose all of their investment. The product is not listed, has an estimated initial value of $9.64 per $10 note, requires a minimum $1,000 purchase, and all payments depend on UBS’s creditworthiness.
UBS AG is offering trigger autocallable contingent yield notes linked to the common stock of Carnival Corporation, maturing on or about January 16, 2029. These are unsecured, unsubordinated debt obligations of UBS.
Holders receive a contingent coupon on each coupon payment date only if the Carnival 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 Carnival’s closing level on any observation date before maturity is at or above the initial level, in which case UBS repays principal plus the applicable coupon and the notes terminate.
If the notes are not called and Carnival’s final level is at or above a downside threshold at maturity, UBS repays the $10 principal per note. If the final level is below the downside threshold, repayment is reduced in line with Carnival’s decline, and the entire investment can be lost. The minimum investment is 100 notes ($1,000), and the estimated initial value is expected between $9.30 and $9.55 per note. All payments depend on UBS’s creditworthiness.
UBS AG is offering $290,000 of Trigger Autocallable Contingent Yield Notes linked to Netflix, Inc. common stock, with returns tied to stock performance and UBS’s credit. These unsecured notes can pay periodic contingent coupons only when Netflix’s closing price on an observation date is at or above a preset coupon barrier, and they may be automatically called early if the stock closes at or above the initial level on any observation date before maturity.
If the notes are not called and Netflix’s closing price on the final valuation date is at or above the downside threshold, investors receive the $10 principal per note, possibly plus a final contingent coupon. If the final price is below the downside threshold, repayment is reduced in line with the stock’s decline and can fall to zero, meaning total loss of principal. The notes are expected to settle on January 16, 2026 and mature on January 16, 2029, with an estimated initial value of $9.74 per $10 note and a minimum investment of 100 notes.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Netflix, Inc., maturing on or about January 16, 2029. These unsecured debt obligations 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 are automatically called early if Netflix’s share price on any observation date before the final valuation date is at or above the initial level, in which case investors receive the principal plus any due 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 their principal at maturity; if it is below that threshold, repayment is reduced in line with the stock’s decline, and the entire investment can be lost.
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 $9.38 and $9.63. 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 Freeport-McMoRan Inc. stock, maturing on January 18, 2028. These unsecured debt notes pay a contingent coupon only when the stock closes at or above a preset coupon barrier on quarterly observation dates. If the stock ever closes at or above the initial level on an observation date (starting after about 6 months), the notes are automatically called, and investors receive the $10 principal per note plus the applicable coupon, with no further payments.
If the notes are not called and, on the final valuation date, the stock is at or above a downside threshold, investors receive full principal back, plus any final contingent coupon if the coupon barrier is met. If the final stock level is below the downside threshold, repayment is reduced in line with the stock’s percentage loss, and the entire investment can be lost. Hypothetical terms include a 17.00% per annum contingent coupon rate, a downside threshold and coupon barrier at 70.00% of the initial level, and an estimated initial value of $9.75 per $10 note. All payments depend on UBS’s creditworthiness.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Freeport-McMoRan Inc., maturing on or about January 18, 2028. Each Note has a $10 principal amount and pays a contingent coupon only if the stock closes at or above a preset coupon barrier on quarterly observation dates. The Notes are automatically called before maturity if the stock closes at or above the initial level on an observation date, in which case investors receive $10 per Note plus any due coupon.
If the Notes are not called and the final stock level is at or above the downside threshold, UBS repays the $10 principal; if it is below the threshold, repayment is reduced in line with the stock’s percentage decline and can fall to zero. The document shows a hypothetical contingent coupon rate of 15.05% per annum and a downside threshold and coupon barrier at 70% of the initial level. The estimated initial value on the trade date is expected between $9.46 and $9.71 per Note. The Notes are unsecured obligations of UBS, not FDIC insured, not exchange-listed, and involve a significant risk of loss of principal.
UBS AG, through its London branch, is issuing $1,892,000 of Trigger Autocallable Contingent Yield Notes due July 16, 2027, in $1,000 denominations. The notes are linked to the least performing of the Nasdaq-100® Technology Sector Index, the Russell 2000® Index and the S&P 500® Index.
Investors can receive a 7.85% per annum contingent coupon (about $6.5417 per month per $1,000 note) only if, on a monthly observation date, each index is at or above its coupon barrier, set at 80% of its initial level. The notes are automatically called after three months if, on any observation date, all three indices are at or above their call thresholds, set at 100% of initial levels, in which case investors receive principal plus the applicable coupon.
If the notes are not called and at maturity all indices are at or above their downside thresholds, set at 70% of initial levels, principal is repaid. If any index finishes below its downside threshold, the maturity payment is reduced one-for-one with the worst index’s loss, up to a total loss of principal. The notes are unsecured, unsubordinated obligations of UBS, not insured or exchange-listed, and their estimated initial value is $961.80 per $1,000 due to embedded fees and UBS’ internal funding rate.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the Solactive U.S. Large Cap Volatility Navigator 40 Index, maturing around January 27, 2031. Each $1,000 Note can pay a contingent coupon at an annual rate of 18.60% (about $15.50 per month) if, on each monthly observation date, the index closes at or above a coupon barrier set at 70% of its initial level.
The Notes may be automatically called after six months if the index closes at or above a call threshold equal to 100% of the initial level, in which case investors receive principal plus the applicable coupon and the Note terminates. If not called, and at maturity the index is at or above a downside threshold of 50% of the initial level, investors receive full principal (plus a final coupon if the barrier is met). If the final index level is below the downside threshold, repayment is reduced one-for-one with the index loss, and investors can lose all of their investment.
The Notes are unsecured, unsubordinated obligations of UBS, are not bank deposits, carry UBS credit risk and will not be listed on any exchange. The estimated initial value is expected between $917.90 and $947.90 per $1,000 Note, reflecting underwriting discounts, hedging and issuance costs.
UBS AG is offering Bearish Barrier Early Redeemable Market Linked Notes tied to the S&P 500® Index, maturing around May 5, 2027, with a principal amount of $1,000 per Note.
The Notes pay no interest. If, on any trading day, the index closes below the lower barrier (initial level minus 20%), a barrier event occurs and the Notes are automatically redeemed early at par, with no positive return and no further payments.
If no barrier event occurs and the final index level is at or above the initial level, investors receive principal plus a fixed digital return of 3.75%. If no barrier event occurs and the final level is below the initial level but at or above the 20% lower barrier, investors receive principal plus the absolute value of the index decline, up to a 20% maximum return.
The Notes are unsecured obligations of UBS, exposed to its credit risk, will not be listed on an exchange, and have an estimated initial value between $960.10 and $990.10 per $1,000 Note.
UBS AG, through its London Branch, is offering $13,000,000 of Trigger Autocallable Contingent Yield Notes linked to the least performing of the Dow Jones Industrial Average, the Nikkei 225 Index and the S&P 500 Index, maturing in October 2027. Each Note has a $1,000 principal amount and pays a quarterly contingent coupon at an annual rate of 11.01% ($27.525 per quarter) only if all three indices close at or above their coupon barriers, set at 70% of their initial levels.
The Notes can be automatically called on any quarterly observation date before maturity if all indices are at or above 100% of their initial levels, in which case investors receive principal plus the applicable coupon and the product terminates. If the Notes are not called and, at maturity, all indices are at or above their downside thresholds (65% of initial levels), investors receive full principal back; otherwise, repayment is reduced one-for-one with the loss on the worst-performing index, and the entire principal can be lost.
The Notes are unsecured, unsubordinated obligations of UBS, are not insured deposits, will not be listed on an exchange, and may have limited or no secondary market. The estimated initial value is $983 per $1,000 Note, reflecting internal funding and hedging costs.
UBS AG is offering Trigger Autocallable Contingent Yield Notes with Memory Interest linked to Broadcom Inc. common stock, maturing around January 26, 2029. Each Note has a $1,000 denomination and pays a contingent coupon at a rate of 14.50% per annum, but only if Broadcom’s closing level on an observation date is at or above the coupon barrier, set at 60.00% of the initial level. Missed coupons can be paid later under the memory interest feature if conditions are subsequently met.
The Notes can be automatically called quarterly, beginning after six months, if Broadcom’s level is at or above the call threshold, set at 100.00% of the initial level. On an automatic call, investors receive principal plus the due coupon and any unpaid coupons, and the Notes terminate. If the Notes are not called and Broadcom’s final level is at or above the 60.00% downside threshold, investors receive full principal at maturity; if it is below that level, repayment is reduced in line with Broadcom’s decline, and all principal can be lost.
The Notes are unsecured, unsubordinated obligations of UBS, are not listed on any exchange, and their value and payments depend on UBS’s credit. The estimated initial value is expected between $941.00 and $971.00 per $1,000 Note, reflecting underwriting compensation of $15.00 per Note and other costs, so the economic value at issuance is below the issue price.
UBS AG is offering Trigger Autocallable Contingent Yield Notes with Memory Interest linked to the common stock of Applied Digital Corporation, maturing around January 25, 2029. Each Note has a $1,000 principal amount and pays a quarterly contingent coupon at a rate of 26.75% per annum (or $66.875 per period) if Applied Digital’s share price on an observation date is at or above a coupon barrier set at 50% of the initial share level. Missed coupons may be paid later under the memory interest feature.
The Notes are automatically called after six months if the stock closes at or above the initial level (the call threshold) on a quarterly observation date, returning principal plus due and unpaid coupons. If not called and the final stock level is at or above the downside threshold, also set at 50% of the initial level, investors receive full principal back. If the final level is below the downside threshold, repayment is reduced in line with the stock’s loss, and investors can lose their entire investment. The estimated initial value per Note is expected between $890.80 and $920.80, below the $1,000 issue price, and all payments depend on UBS’s credit.
UBS AG is offering three-year Trigger Autocallable Contingent Yield Notes with Memory Interest linked to the worst-performing of the Russell 2000 Index and the S&P 500 Index. The notes target a contingent coupon of 8.50% per annum, paid semiannually only if on each observation date both indices are at or above their coupon barriers, set at 70% of their initial levels. Missed coupons can be paid later if conditions are met, via the memory feature.
The notes are automatically called if, on any observation date before maturity, both indices are at or above their call thresholds, set at 100% of initial levels. If not called, and both indices finish at or above their 70% downside thresholds at maturity, investors receive principal back. If either index finishes below its downside threshold, repayment is reduced in line with the decline of the worst index and can fall to zero, resulting in a total loss. The notes are unsecured obligations of UBS, not listed, and carry both market and UBS credit risk. UBS expects an initial modeled value between $960 and $990 per $1,000 note, reflecting embedded fees and funding costs.
UBS AG is offering trigger callable contingent yield notes linked to three major equity indexes. These unsecured debt securities pay a 10.60% per annum contingent coupon only when, on a monthly observation date, the Dow Jones Industrial Average, Nasdaq-100 Technology Sector Index and Russell 2000 Index are all at or above 75% of their initial levels. UBS can redeem the notes in whole on any observation date after six months, returning principal plus any due coupon and ending future payments.
If the notes are not called and, at maturity in July 2030, each index is at or above 60% of its initial level, investors receive full principal back, with any final coupon depending on barriers. If any index finishes below its 60% downside threshold, repayment is reduced one-for-one with the worst-performing index, and investors can lose all of their investment. All payments depend on UBS’s credit, and the notes are not listed or insured.
UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the Dow Jones Industrial Average, Nasdaq-100 Technology Sector Index and Russell 2000 Index, maturing around January 26, 2029. The Notes pay a contingent coupon of 11.45% per annum (about $9.5417 per $1,000 each month) only when all three indexes close 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 beginning after three months, returning principal plus any due coupon, and ending further payments. If the Notes are not called and, at maturity, all three indexes are at or above their 70% downside thresholds, investors receive their full $1,000 principal per Note. If any index finishes below its downside threshold, repayment is reduced in line with the worst-performing index, and investors can lose some or all of their initial investment. All payments depend on UBS’s credit strength, and the estimated initial value is expected to be between $958 and $988 per $1,000 Note.
UBS AG is offering Bearish Barrier Early Redeemable Market Linked Notes tied to the S&P 500® Index, each with a $1,000 principal amount and maturing on or about May 5, 2027. The notes pay no interest and are unsecured obligations of UBS.
The notes auto-redeem early at par if, on any trading day, the index closes below a “lower barrier” set at 20.00% below the initial level. In that case, investors just receive principal back with no positive return. If no barrier event occurs and the final index level is at or above the initial level, investors receive principal plus a fixed digital return of 3.00%. If no barrier event occurs and the final level is below the initial level, investors receive principal plus the absolute value of the index loss, capped at 20.00%.
The notes are not listed, carry UBS credit risk, and are intended for investors who can forgo dividends and tolerate limited upside. UBS estimates the initial value between $955.60 and $985.60 per $1,000 note, reflecting fees, hedging and funding costs.
UBS AG is offering $500,000 of Trigger Autocallable Contingent Yield Notes with Memory Interest linked to Fortinet, Microsoft and ServiceNow common stock. Each Note has a $1,000 principal amount, an approximate 4‑year term to January 14, 2030, and pays a 12.70% per annum contingent coupon ($10.5833 per month) only if all three stocks close at or above their coupon barriers, set at 70.00% of their respective initial levels.
The Notes can be automatically called after 18 months if each stock is at or above its call threshold level, equal to 100.00% of its initial level. If called, investors receive principal plus the current and any previously unpaid coupons via the memory interest feature. If not called, and at maturity every stock is at or above its downside threshold (55.00% of initial level), investors receive full principal back, plus any due coupons.
If the Notes are not called and any stock finishes below its downside threshold, the payout is reduced in line with the negative return of the worst performer, and investors can lose up to all of their investment. The Notes are unsecured obligations of UBS, not insured or listed, and their estimated initial value is $969.90 per $1,000 issue price, reflecting fees, hedging costs and UBS’ internal funding rate.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Broadcom Inc. common stock, maturing around February 2, 2029. These unsecured notes may pay a high contingent coupon of 14.50% to 15.50% per annum, but only for quarters when Broadcom’s closing share price is at or above a coupon barrier set at 60.00% of the initial level. If on any quarterly observation date before maturity the share price is at or above a call threshold of 100.00% of the initial level, the notes are automatically called and investors receive the $1,000 principal plus the applicable coupon, with no further payments.
If the notes are not called and Broadcom’s final level on the valuation date is at or above the downside threshold (also 60.00% of the initial level), investors get their $1,000 principal. If the final level is below the downside threshold, investors receive a “share delivery amount” of Broadcom stock equal to $1,000 divided by the initial level, exposing them to full downside below that point and potentially a near-total loss of principal. The notes will not be listed, carry UBS credit risk, and have an estimated initial value between $933.40 and $963.40 per $1,000 note, reflecting fees and hedging costs, including a $27.50 underwriting discount per note.
UBS AG is offering Trigger Autocallable Contingent Yield Notes with Memory Interest linked to the worst performer of the Russell 2000 Index and the S&P 500 Index, maturing in about three years. Each Note has a $1,000 principal amount.
The Notes pay a 7.00% per annum contingent coupon ($35 semiannually) only if on an observation date the closing level of each index is at or above its coupon barrier, set at 70% of its initial level. If both indices are at or above 100% of their initial levels on any observation date (other than the final one), the Notes are automatically called and pay back principal plus due and previously unpaid coupons.
If the Notes are not called and, at maturity, any index finishes below its 70% downside threshold, repayment is reduced dollar-for-dollar with the negative return of the worst index, and investors can lose all principal. The Notes are unsecured obligations of UBS, not listed on an exchange, and have an estimated initial value between $945.20 and $975.20 per $1,000, reflecting fees, hedging and UBS’ internal funding rate.
UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the Nasdaq-100® Technology Sector Index, the Russell 2000® Index and the S&P 500® Index, maturing around January 25, 2029. The Notes pay a contingent coupon at a rate of 9.15% per annum, or $7.625 per $1,000 Note per period, but only if on each monthly observation date the closing level of every index is at or above its coupon barrier, set at 65% of its initial level.
UBS may call the Notes in whole on any observation date beginning after three months; if called, holders receive the $1,000 principal plus any due contingent coupon, and the Notes terminate. If the Notes are not called and at maturity each index is at or above its downside threshold of 60% of its initial level, investors receive full principal back, plus any final contingent coupon if all indices are also above the coupon barrier.
If the Notes are not called and any index finishes below its downside threshold, repayment is reduced based on the worst performing index, using $1,000 × (1 + underlying return of the least performing index), and principal losses can reach 100%. The estimated initial value is expected between $955 and $985 per $1,000 Note, and all payments are subject to UBS’s credit risk.
UBS AG is offering three-year 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 on or about January 26, 2029. The Notes pay a contingent coupon of 9.50% per annum, in monthly installments of $7.9167 per $1,000, but only if each index is at or above its coupon barrier on the observation date.
UBS can call the Notes after 12 months on any observation date, returning principal plus any due coupon, ending all future payments. If the Notes are not called and each index finishes at or above its downside threshold, investors receive full principal at maturity. If any index finishes below its 70.00% downside threshold, repayment is reduced in line with the worst index’s loss, and all principal can be lost.
The Notes are unsecured UBS obligations, not deposits, and are not FDIC-insured. They will not be listed on any exchange, and secondary liquidity may be limited. The estimated initial value is expected between $952.60 and $982.60 per $1,000, below the issue price, reflecting fees, hedging and UBS’ internal funding rate.
UBS AG is offering Trigger Callable Contingent Yield Notes linked to three equity indexes: the Nasdaq-100 Technology Sector Index, the Russell 2000 Index and the S&P 500 Index. The notes run for about three years, to on or about January 25, 2029, and pay a 10.90% per annum contingent coupon only when, on a monthly observation date, each index closes at or above 70% of its initial level.
UBS can redeem the notes early, in whole, on any observation date starting after three months, paying principal plus any due coupon, after which no further payments are made. If the notes are not called and, at maturity, each index is at or above its 70% downside threshold, investors receive full principal. If any index finishes below its threshold, the maturity payment is reduced one-for-one with the worst-performing index, and investors can lose all of their investment. All payments depend on UBS’s credit; the notes are unsecured, unsubordinated obligations and are not insured or exchange‑listed.
UBS AG, through its London branch, is offering trigger callable contingent yield notes linked to the least performing of the Nasdaq-100, Russell 2000 and S&P 500 indexes, maturing around January 26, 2029. The notes target a 9.60% per annum contingent coupon, paid monthly only when each index closes at or above 70% of its initial level on the observation date.
UBS can call the notes in whole on any monthly observation date after six months, repaying principal plus any due coupon, ending all future payments. If the notes are not called and each index finishes at or above its downside threshold (70% of initial), investors receive back the $1,000 principal per note at maturity; otherwise, repayment is reduced in line with the worst index’s decline, up to a total loss of principal.
The notes are unsecured obligations of UBS, are not insured deposits, will not be listed on an exchange, and have an estimated initial value between $957.80 and $987.80 per $1,000, reflecting embedded fees, hedging and funding costs. The product carries significant market, liquidity, credit and tax complexity risks.
UBS AG is offering Trigger Callable Contingent Yield Notes that are unsecured debt linked to the worst performer among the Nasdaq-100® Technology Sector Index, the Russell 2000® Index and the S&P 500® Index. The notes run for about 23 months and pay a 9.60% per annum contingent coupon (about $8 per $1,000 note per month) only when each index closes at or above 70% of its initial level on a monthly observation date.
UBS can 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 every index finishes at or above 60% of its initial level, investors receive full principal at maturity. If any index ends below 60%, the payoff is reduced in line with the worst index’s loss, and principal can be entirely lost.
The notes are not listed, involve UBS credit risk and are not FDIC insured. The estimated initial value per $1,000 note is expected between $957.40 and $987.40, reflecting fees, hedging and internal funding costs that can weigh on secondary market prices.
UBS AG is offering $660,000 of Trigger Callable Contingent Yield Notes linked to the least performing of the Nasdaq-100 Index®, Russell 2000® Index and S&P 500® Index, maturing on July 16, 2027. The Notes pay a 9.85% per annum contingent coupon (about $8.2083 per $1,000 per month) only when, on an observation date, each index closes at or above 70% of its initial level. UBS may call the Notes in whole on any monthly observation date beginning after three months, returning principal plus any due coupon.
If the Notes are not called and, on the final valuation date, each index is at or above its 70% downside threshold, investors receive back the $1,000 principal per Note (plus any final coupon). If any index finishes below its downside threshold, the maturity payment is reduced one-for-one with the worst index’s negative return, and investors can lose up to their entire investment. The Notes are unsecured debt of UBS, not insured deposits, are not listed on an exchange, and their payments depend on UBS’s credit. The estimated initial value is $974.70 per $1,000 Note, below the issue price.
UBS AG is offering $2,050,000 of Trigger Callable Contingent Yield Notes linked to the least performing of the Nasdaq-100, Russell 2000 and S&P 500 indices, maturing on July 16, 2027. The notes pay an 8.00% per annum contingent coupon, in monthly installments of $6.6667 per $1,000 note, only if on each observation date all three indices close at or above 70.00% of their initial levels, which also serve as coupon barriers and downside thresholds.
UBS may call the notes in whole on any monthly observation date beginning after three months, returning principal plus any due coupon, after which no further payments are made. If the notes are not called and at maturity all indices are at or above their downside thresholds, investors receive full principal back; if any index finishes below its threshold, repayment is reduced in line with the worst index’s loss, up to a total loss of principal. The notes are unsecured obligations of UBS, not insured, not exchange-listed, have limited liquidity, and carry issuer credit risk. The estimated initial value is $975.90 per $1,000 note, below the issue price.
UBS AG is offering 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 or about December 27, 2027. The Notes pay a contingent coupon at an annual rate of 11.50% (about $9.5833 per $1,000 per month) only if, on each monthly observation date, all three indexes close at or above their coupon barriers, set at 70% of their initial levels.
UBS may call the Notes in whole, at its discretion, on any observation date starting after three months; if called, investors receive $1,000 per Note plus any due coupon, and the product terminates early. If the Notes are not called and all three indexes finish at or above their downside thresholds (also 70% of initial levels), investors receive full principal at maturity.
If any index finishes below its downside threshold, repayment is reduced dollar-for-dollar with the negative return of the worst-performing index, and investors can lose some or all of their principal. The Notes are unsecured obligations of UBS, are not insured, will not be listed, and have an estimated initial value between $959.90 and $989.90 per $1,000 issue price.
UBS AG is offering $4,610,000 of Trigger Callable Contingent Yield Notes linked to the worst-performing of the Nasdaq-100 Technology Sector Index, the Russell 2000 Index and the S&P 500 Index, maturing in January 2029.
The notes pay a 9.00% per annum contingent coupon (about $7.50 per $1,000 note each month) only when all three indexes are at or above 70% of their initial levels on an observation date, and UBS can call the notes monthly after six months at par plus any due coupon. If the notes are not called and any index finishes below 50% of its initial level at maturity, investors lose principal in line with the worst index’s decline, up to a total loss. The estimated initial value is $973.50 per $1,000 note, and all payments depend on UBS’s credit.
UBS AG is offering Buffer Callable Contingent Yield Notes linked to the least performing of the Nasdaq-100, Russell 2000 and S&P 500 indexes, maturing around January 25, 2029. The notes pay a contingent coupon at a rate of 8.90% per annum, or $7.4167 per $1,000 note monthly, but only when each index closes at or above 80% of its initial level on the relevant observation date. UBS can call the notes in whole on any monthly observation date after three months, paying back principal plus any due coupon, after which no further payments are made.
If the notes are not called and at maturity all three indexes are at or above their downside thresholds set at 80% of initial levels, investors receive their $1,000 principal per note. If any index finishes below its downside threshold, repayment is reduced based on the loss of the worst-performing index beyond the 20% buffer, and investors can lose almost all of their investment. The estimated initial value per $1,000 note is between $956.80 and $986.80, and all payments depend on the creditworthiness of UBS.