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 Buffer Autocallable Contingent Yield Notes linked to the least performing of the Russell 2000 Index and the S&P 500 Index, maturing around January 22, 2031. Each Note has a $1,000 denomination and pays a contingent coupon at a rate of 6.25% per annum (about $5.2083 per month) only when both indices close at or above their coupon barriers on a monthly observation date.
The Notes can be automatically called after 12 months if both indices are at or above their call threshold levels; in that case, holders receive $1,000 plus any due coupon and the product ends early. If not called, full principal is repaid at maturity only if both indices finish at or above their downside thresholds; otherwise, repayment is reduced based on the decline of the worst index beyond a 15% buffer, and holders can lose most of their investment.
The estimated initial value is expected between $931.40 and $961.40 per $1,000 Note, reflecting fees, hedging and UBS’s internal funding rate. Payments depend entirely on UBS’s credit; the Notes are unsecured, unsubordinated obligations, are not FDIC insured, and are not listed on any exchange, so liquidity may be limited.
UBS AG is offering Buffered Digital Notes with Downside Leverage Factor linked to the S&P 500® Index, maturing on or about February 3, 2027. Each Note has a $1,000 principal amount, with a minimum investment of 10 Notes ($10,000). The Notes pay no interest and are not principal protected.
At maturity, if the S&P 500 final level is at or above a downside threshold equal to 90.00% of the initial level (a 10.00% buffer), investors receive $1,000 plus a fixed digital return of at least 8.00%, regardless of further upside. If the final level is below the downside threshold, repayment is reduced using a downside leverage factor of approximately 1.1111, so investors lose about 1.1111% of principal for each 1% decline beyond the buffer and can lose their entire investment.
The estimated initial value is expected to be between $958.50 and $988.50 per $1,000 Note, reflecting fees, hedging and UBS’ internal funding rate. The Notes will not be listed on any exchange, secondary market liquidity may be limited, and all payments are subject to the creditworthiness of UBS AG.
UBS AG is offering Trigger Callable Contingent Yield Notes linked to the S&P 500® Index, maturing around July 21, 2027. Each Note has a $1,000 principal amount and pays a contingent coupon of 6.75% per annum, or $5.625 per month, but only if the index closes at or above a coupon barrier set at 70% of the initial level on each monthly observation date.
UBS can call the Notes in whole, but not in part, on any observation date starting after six months. If called, investors receive the $1,000 principal plus any due coupon, and the Notes terminate early. If the Notes are not called and the S&P 500® final level is at or above the 70% downside threshold, investors receive full principal back at maturity.
If the final index level is below the downside threshold, repayment is reduced in line with the index loss using $1,000 × (1 + underlying return), and investors can lose some or all of their investment. The estimated initial value per Note is expected between $959.40 and $989.40, and all payments depend on the creditworthiness of UBS.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the least performing of the Dow Jones Industrial Average, Nikkei 225 Index and S&P 500 Index. The notes have an approximately 21‑month term and pay an annual contingent coupon of 11.01%, in quarterly installments, only if each index is at or above its coupon barrier on the relevant observation date.
The notes are automatically called early if all three indexes are at or above 100% of their initial levels on any observation date before maturity, returning principal plus the applicable coupon. If not called and any index finishes below 65% of its initial level at maturity, investors suffer a loss matching the negative return of the worst index, up to losing their entire investment. The estimated initial value is between $953 and $983 per $1,000 note, they will not be listed on an exchange, and all payments depend on the creditworthiness of UBS.
UBS AG is offering $453,000 of Trigger Callable Contingent Yield Notes linked to the least performing of the S&P 500 Index and the EURO STOXX 50 Index, maturing on January 18, 2029. Each $1,000 note pays a 7.45% per annum contingent coupon, credited monthly only if on an observation date both indices close at or above their coupon barriers, set at 60% of initial levels (4,186.36 for the S&P 500 and 3,609.78 for the EURO STOXX 50).
UBS may call the notes in whole on any monthly observation date starting after three months, paying principal plus any due coupon; after a call, no further payments are made. If the notes are not called and on the final valuation date both indices are at or above their downside thresholds (also 60% of initial), investors receive full principal back. If any index finishes below its downside threshold, repayment is reduced one-for-one with the worst index’s negative return, and investors can lose up to 100% of principal.
The notes are unsecured, unsubordinated UBS debt, not FDIC insured, and will not be listed on an exchange, so liquidity may be limited. The issue price is $1,000 per note, while the estimated initial value is $989.60, reflecting embedded fees and UBS’s internal funding rate. Tax disclosure treats the notes as prepaid derivatives with contingent coupons generally taxed as ordinary income, but the overall tax treatment is described as uncertain.
UBS AG is offering $2,078,000 of Trigger Callable Contingent Yield Notes due December 14, 2027, with a principal amount of $1,000 per Note. The Notes pay a 9.75% per annum contingent coupon (or $8.125 per month) only if on each monthly observation date the Nasdaq-100® Technology Sector IndexSM, the Russell 2000® Index and the S&P 500® Index are all at or above their coupon barriers, set at 70% of their initial levels. If any index is below its barrier on an observation date, no coupon is paid for that month.
UBS may call the Notes in whole, but not in part, on any observation date beginning after six months; if called, investors receive the $1,000 principal plus any due coupon, and no further payments. If the Notes are not called and on the final valuation date every index is at or above its downside threshold (60% of its initial level), investors receive full principal back, plus any final coupon if all are also above their coupon barriers. If any index finishes below its downside threshold, repayment is reduced according to the worst-performing index, and investors can lose up to their entire investment.
The Notes are unsubordinated, unsecured debt of UBS AG, not bank deposits and not FDIC-insured. The estimated initial value is $977.10 per Note, below the $1,000 issue price, reflecting fees, hedging and UBS’ internal funding rate. The Notes will not be listed on an exchange, and liquidity may be limited.
UBS AG is offering $700,000 of Trigger Callable Contingent Yield Notes, $1,000 per Note, linked to the least performing of the Nasdaq-100 Index®, Russell 2000® Index and S&P 500® Index, maturing January 7, 2031. The Notes pay a quarterly contingent coupon at a rate of 10.30% per annum only if on each observation date all three indices close at or above their coupon barriers, set at 70.00% of their initial levels.
UBS may call the Notes in whole on any quarterly observation date beginning after 6 months, returning principal plus any due coupon and ending all further payments. If the Notes are not called and any index finishes below its downside threshold (also 70.00% of its initial level), repayment is reduced in line with the worst index, and investors can lose some or all of their principal. All payments, including any principal repayment, depend on the creditworthiness of UBS.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Alcoa Corporation, scheduled to mature on January 14, 2028. The notes pay a contingent coupon only on dates when Alcoa’s closing share price is at or above a preset coupon barrier; if the stock is below that level on an observation date, no coupon is paid for that period.
The notes are automatically called early if, on any observation date before maturity, Alcoa’s share price is at or above the initial level. In that case, investors receive the $10 principal per Note plus any coupon due on the call settlement date, and no further payments. If the notes are not called and Alcoa’s final share price is at or above a downside threshold, investors receive their full principal at maturity; if it is below that threshold, repayment is reduced in line with the stock’s decline, and investors can lose their entire investment.
The notes are unsecured, unsubordinated obligations of UBS, offered at $10 per Note with a minimum investment of 100 Notes. The estimated initial value is $9.44 per Note. All payments depend on UBS’s creditworthiness, the notes are not insured by any government agency, and they will not be listed on any securities exchange.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of NVIDIA Corporation, maturing around January 14, 2028. These unsecured debt notes can pay periodic contingent coupons, but only if NVIDIA’s closing share price on each observation date is at or above a preset coupon barrier; otherwise no coupon is paid for that period.
The notes can be automatically called early if NVIDIA’s share price on any observation date before maturity is at or above the initial level, in which case holders receive the principal plus any due coupon on that call settlement date and no further payments. If the notes are not called and NVIDIA’s final share price on the valuation date 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 stock’s decline and can fall to zero.
All payments depend on UBS’s credit, and the notes will not be listed on an exchange. The minimum initial investment is 100 notes at $10 each, and the estimated initial value per note on the trade date is expected to be between $9.44 and $9.69.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Alcoa Corporation, maturing on or about January 14, 2028. These unsecured debt securities pay a contingent coupon only if Alcoa’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 can be called early if Alcoa’s stock closes at or above the initial level on any observation date before maturity, in which case investors receive their principal plus the applicable contingent coupon and no further payments. If the notes are not called and Alcoa’s final stock level is at or above a downside threshold, principal is repaid 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 all of their initial investment.
UBS expects the initial value of each $10 note on the trade date to be between $9.14 and $9.39, based on its internal pricing models. All payments depend on UBS’s creditworthiness, and the notes will not be listed on any securities exchange.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Lam Research Corporation, each with a principal amount of $10 and a term to January 14, 2028. Investors may receive periodic contingent coupons only when the Lam Research share price on an observation date is at or above the coupon barrier; otherwise, no coupon is paid for that period.
The notes can be called early if the stock closes at or above the initial level on any observation date, in which case investors receive principal plus the due coupon and no further payments. If the notes are not called and the final stock level is at or above the downside threshold, principal is repaid at maturity. If the final level is below the downside threshold, repayment is reduced in line with the stock’s decline, and investors can lose all of their investment.
The notes carry UBS credit risk, will not be listed on any exchange, require a minimum investment of 100 notes (a $1,000 investment), and have an estimated initial value of $9.72 per $10 note based on UBS’ internal models. An example in the document illustrates a contingent coupon rate of 24.78% per annum with a downside threshold and coupon barrier set at 70.00% of the initial level.
UBS AG is offering $100,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of V.F. Corporation, scheduled to mature on January 14, 2028. These unsecured debt obligations pay a contingent coupon only if the underlying stock closes at or above a preset coupon barrier on each observation date; otherwise no coupon is paid for that period.
The notes can be automatically called early if on any observation date before maturity the stock closes at or above its initial level, in which case investors receive the $10 principal per Note plus any due contingent coupon and no further payments. If the notes are not called and the final stock level on January 12, 2028 is at or above the downside threshold, principal is repaid; if it is below the threshold, repayment is reduced in line with the stock’s percentage decline, and the entire investment can be lost.
A hypothetical example uses a 25.47% per annum contingent coupon rate, with a $0.6368 coupon per period and a downside threshold and coupon barrier both set at 70% of the initial level. The estimated initial value is $9.66 per $10 Note, reflecting UBS’ internal pricing. All payments depend on UBS’ creditworthiness, and the notes are not listed on any exchange.
UBS AG is offering $616,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of GE Vernova Inc., maturing on January 16, 2029. These unsecured senior debt notes can pay quarterly contingent coupons only when the stock closes at or above a preset coupon barrier on each observation date; otherwise no coupon is paid.
The notes may be called early if the stock closes at or above its initial level on an observation date, in which case investors receive the $10 principal per note plus any due coupon and the product terminates. If the notes are not called and, on the final valuation date of January 11, 2029, the stock is at or above a downside threshold, investors receive full principal back; if it is below that threshold, repayment is reduced one‑for‑one with the stock’s decline and can fall to zero.
The offering specifies a minimum investment of 100 notes ($1,000). An example in the document uses a 15.18% per annum contingent coupon rate and a coupon barrier and downside threshold at 60% of the initial stock level. The estimated initial value is $9.74 per $10 note. All payments depend on UBS’s credit, and the notes are neither bank deposits nor FDIC insured, and 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 on January 14, 2028. Each Note has a $10 principal amount, with a minimum investment of 100 Notes (a $1,000 purchase). Investors may receive quarterly contingent coupons only if Fluor’s stock closes at or above a coupon barrier on the relevant observation date; otherwise no coupon is paid.
The Notes can be called early on any quarterly observation date beginning after six months if Fluor’s stock is at or above the initial level, in which case UBS repays principal plus any due coupon and the Notes terminate. If not called and, at maturity, the stock is at or above a downside threshold, investors receive full principal back (plus any final coupon if the barrier is met). If the stock finishes below the downside threshold, repayment is reduced in line with the stock’s decline and investors could lose all of their initial investment. Payments depend on UBS’s credit, and the Notes are not listed. The estimated initial value is $9.65 per $10 Note.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of GE Vernova Inc., maturing on or about January 16, 2029. These are unsecured, unsubordinated debt obligations of UBS.
Investors may receive periodic contingent coupons, but only if the GE Vernova share price on each observation date is at or above a specified coupon barrier. The notes are subject to automatic call on quarterly observation dates beginning after 6 months if the share price is at or above the initial level; in that case, holders receive principal plus any due coupon and the notes terminate early.
If the notes are not called and the final share level on the January 11, 2029 valuation date is at or above a downside threshold, investors receive back the $10 principal per note. If it is below the threshold, repayment is reduced in line with the stock’s decline, and investors could lose their entire investment. All payments depend on UBS’s credit, the notes are not insured or exchange-listed, the minimum investment is 100 notes ($1,000), and the estimated initial value is expected between $9.36 and $9.61 per $10 note.
UBS AG is offering $125,000 of Trigger Autocallable Contingent Yield Notes linked to NVIDIA Corporation stock, maturing January 14, 2027. These unsecured senior notes can pay contingent coupons only when NVIDIA’s share price on an observation date is at or above a preset coupon barrier; otherwise no coupon is paid.
The notes may be called early if NVIDIA’s stock closes at or above the initial level on any observation date before the final valuation date, in which case investors receive principal plus any due coupon and the notes terminate. If the notes are not called and NVIDIA’s final stock level is at or above the downside threshold, investors receive their principal back, with any final coupon if the barrier is met. If the final level is below the downside threshold, repayment is reduced in line with the stock’s decline, and investors can lose all of their investment. All payments depend on UBS’s creditworthiness, and the notes are not listed or insured.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Freeport‑McMoRan Inc., maturing around January 14, 2028. These unsecured, unsubordinated notes can pay periodic contingent coupons, but only if the stock closes at or above a preset coupon barrier on each observation date.
If on any observation date before maturity the stock closes at or above its initial level, the notes are automatically called and investors receive their principal plus the applicable contingent coupon, with no further payments. If the notes are not called and the stock level on the final valuation date is at or above a downside threshold, investors receive only the principal back, plus any final contingent coupon if the coupon barrier is met.
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 loss from the initial level, and investors can lose all of their investment. Payments depend entirely on UBS’s credit, the notes will not be listed on any exchange, the minimum investment is 100 notes at $10 each, and the estimated initial value per $10 note on the trade date 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 Albemarle Corporation, maturing on January 14, 2028, with a final valuation date of January 12, 2028. Each Note has a $10 principal amount, with a minimum investment of 100 Notes (a $1,000 purchase).
Investors may receive periodic contingent coupons only when Albemarle’s stock closes at or above a specified coupon barrier on an observation date. The Notes are automatically called if the stock closes at or above the initial level on any observation date before maturity, in which case investors receive principal plus any due contingent coupon and no further payments.
If the Notes are not called and the stock finishes below a downside threshold at maturity, investors are exposed to the full downside of the stock and can lose some or all of their principal. The estimated initial value is $9.71 per $10 Note, they are unsecured UBS debt, not listed on any exchange and all payments depend on UBS’s creditworthiness.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Fluor Corporation, maturing on or about January 14, 2028. These unsecured debt notes can pay quarterly contingent coupons, but only when Fluor’s closing share price on an observation date is at or above a preset coupon barrier.
The notes may be called early if Fluor’s stock is at or above the initial level on any observation date beginning after 6 months. In that case, investors receive the principal plus any due coupon, and the product ends. If not called and the final stock level is at or above the downside threshold, investors receive full principal back at maturity. If the final level is below the downside threshold, repayment is reduced in line with the stock’s decline and can go to zero.
The notes are issued in $10 denominations, with a minimum of 100 notes. The estimated initial value per note on the trade date is expected between $9.35 and $9.60. All payments depend on the creditworthiness of UBS; a default by UBS could result in loss of the entire investment.
UBS AG is offering $100,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Charter Communications, Inc., maturing on January 14, 2028. These unsecured notes pay a contingent coupon only when the Charter stock closing level on an observation date is at or above a preset coupon barrier; otherwise no coupon is paid for that period.
The notes can be automatically called before maturity if the stock closes at or above its initial level on any observation date, in which case investors receive the $10 principal per note plus the applicable contingent coupon and no further payments. If the notes are not called and the final stock level is at or above the downside threshold, principal is repaid; if it is below the downside threshold, repayment is reduced in line with the stock’s percentage decline, up to a total loss of principal.
The notes are subject to UBS’s credit risk, are not insured by any government agency, will not be listed on an exchange and have an estimated initial value of $9.71 per $10 note, reflecting UBS’s internal pricing and funding costs. An example structure illustrates a contingent coupon rate of 18.28% per annum with a 70% coupon barrier and downside threshold.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of NVIDIA Corporation. These unsecured debt notes run from an expected trade date of January 12, 2026 to an expected maturity on January 14, 2027 and pay contingent coupons only when the NVIDIA share price on an observation date is at or above a preset coupon barrier.
The notes can be automatically called early if NVIDIA’s closing level on any observation date before the final valuation date is at or above the initial level, in which case investors receive their principal plus any due contingent coupon, and the notes terminate. If not called and the final level is at or above the downside threshold, principal is repaid at maturity; if the final level is below this threshold, repayment is reduced in line with NVIDIA’s percentage decline and investors can lose their entire investment.
The notes are sold in minimums of 100 notes at $10 per note, with an estimated initial value between $9.44 and $9.69 based on UBS internal models. Payments depend on UBS’s creditworthiness, the notes will not be listed on an exchange, and the documents emphasize that they are significantly riskier than conventional debt securities.
UBS AG is offering $100,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Palantir Technologies Inc., maturing on January 14, 2028. These unsecured senior notes can pay a contingent coupon on each observation date only if Palantir’s share price is at or above a preset coupon barrier.
The notes are automatically called early if Palantir’s share price on any observation date before maturity is at or above the initial level, in which case investors receive the $10 principal per note plus the applicable coupon and no further payments. If the notes are not called and the final share price is at or above the downside threshold, investors receive full principal back; if it is below the threshold, repayment is reduced in line with Palantir’s percentage decline, up to a total loss of principal.
The minimum investment is 100 notes at $10 each. The pricing example uses a contingent coupon rate of 24.48% per year, with a coupon barrier and downside threshold at 70% of the initial level, and an estimated initial value of $9.72 per $10 note. All payments depend on UBS’s ability to meet its obligations, and the notes will not be listed on any exchange.
UBS AG is offering $100,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of American Eagle Outfitters, Inc., maturing on January 14, 2028. These unsecured debt notes pay a contingent coupon only if the stock on each observation date is at or above a specified coupon barrier; otherwise no coupon is paid for that period.
The notes are automatically called early if on any observation date before maturity the stock closes at or above the initial level, in which case investors receive the $10 principal per Note plus the applicable coupon and no further payments. If not called, and at maturity the stock 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 principal can be completely lost.
The notes are subject to UBS credit risk, are not FDIC insured, will not be listed on any exchange, and have an estimated initial value of $9.64 per $10 Note. The minimum investment is 100 Notes, or $1,000.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Albemarle Corporation, maturing on or about January 14, 2028. These unsecured debt notes pay a contingent coupon only on dates when Albemarle’s closing stock price is at or above a preset coupon barrier.
The notes are automatically called early if Albemarle’s stock closes at or above the initial level on any observation date before final valuation, returning the $10 principal per Note plus any due coupon, with no further payments. If not called, investors receive full principal at maturity only if the final stock level is at or above a downside threshold. Below that threshold, repayment is reduced in line with the stock’s percentage decline, and all principal can be lost.
The notes are subject to UBS credit risk, will not be listed on any exchange, and are offered in minimums of 100 Notes at $10 each. The estimated initial value per $10 Note on the trade date is expected to be between $9.41 and $9.66, based on UBS internal pricing models.
UBS AG is offering $520,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Starbucks Corporation, maturing on January 14, 2027. These unsecured debt securities pay contingent coupons only when the Starbucks share price on an observation date is at or above a preset coupon barrier; if it is below, no coupon is paid for that period.
The notes can be automatically called early if Starbucks stock closes at or above the initial level on any observation date before maturity, in which case investors receive the $10 principal per Note plus any due coupon and the product ends. 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 it is below, repayment is reduced in line with the stock’s decline and losses can reach 100% of the investment. Payments depend on UBS’s credit, the notes are not insured, will not be listed on an exchange, and their estimated initial value is $9.80 per $10 Note.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Charter Communications, Inc., maturing on or about January 14, 2028. Each Note has a principal amount of $10, with a minimum investment of 100 Notes. Investors can receive periodic contingent coupons only if the Charter share price on an observation date is at or above a preset coupon barrier; no coupon is paid when it is below that level.
The Notes may be automatically called before maturity if Charter’s share price on any observation date (other than the final valuation date) is at or above the initial level. In that case, investors receive the $10 principal plus any due contingent coupon, and no further payments. If the Notes are not called and the final share price is at or above the downside threshold, investors receive the $10 principal at maturity, potentially with a final coupon.
If the Notes are not called and the final share price is below the downside threshold, repayment of principal is reduced in line with Charter’s percentage decline, and investors can lose all of their initial investment. All payments depend on the creditworthiness of UBS, and the Notes will not be listed on any securities exchange.
UBS AG is offering $100,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Humana Inc., maturing on January 14, 2028. These unsecured debt notes may pay quarterly contingent coupons only when Humana’s closing share price on an observation date is at or above a preset coupon barrier; if the stock is below that level, no coupon is paid for that period.
The notes can be called early each quarter beginning about six months after issuance if Humana’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 terminates. If the notes are not called and Humana’s final level is at or above the downside threshold at maturity, investors receive full principal back; if it is below the downside threshold, repayment is reduced in line with the stock’s decline and can fall to zero.
All payments depend on UBS’s credit. The minimum investment is 100 Notes at $10 each, and the estimated initial value is $9.66 per Note, reflecting UBS’s internal pricing and funding considerations.
UBS AG is offering $100,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Centene Corporation, maturing on January 14, 2028. These unsecured debt notes pay a contingent coupon only if Centene’s closing 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 before maturity if Centene’s share price on any observation date (before the final one) is at or above the initial level, in which case investors receive the principal plus any due coupon and no further payments. If the notes are not called and the final share price is at or above the downside threshold, investors receive their principal back; if it is below the threshold, repayment is reduced in line with the share’s decline and can fall to zero.
The notes involve significant market and credit risk. Investors may lose a large portion or all of their investment and may receive no coupons. Payments depend on UBS’s ability to meet its obligations. The minimum investment is 100 notes at $10 each, and the estimated initial value is $9.70 per $10 note.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of American Eagle Outfitters, Inc., maturing on or about January 14, 2028. These unsecured debt securities pay a contingent coupon only if the stock closes at or above a coupon barrier, set in the examples at 65% of the initial level; otherwise no coupon is paid for that period.
The Notes can be automatically called before maturity if the stock closes at or above its initial level on an observation date, in which case investors receive principal plus any due coupon and the product ends. If not called and the final stock level is at or above the downside threshold (also illustrated at 65% of the initial level), investors receive back principal, plus any final coupon if the barrier is met. If the final level is below the downside threshold, repayment is reduced in line with the stock’s decline, and investors could lose their entire investment.
The Notes are issued at $10 per Note with a minimum investment of 100 Notes, and the estimated initial value is expected to be between $9.34 and $9.59 per Note. All payments depend on the creditworthiness of UBS, the Notes are not bank deposits, are not insured by the FDIC or any government agency, and will not be listed on any securities exchange.
UBS AG is offering $100,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Constellation Energy Corporation, maturing on January 14, 2028. These unsecured debt notes pay contingent coupons only if the stock closes at or above a preset coupon barrier on each observation date; otherwise no coupon is paid for that period. The notes can be called early if the stock closes at or above its initial level on an observation date, in which case investors receive principal plus any due coupon and no further payments. If the notes are not called and the final stock level is at or above a downside threshold, investors receive full principal at maturity; if the final level is below that threshold, repayment is reduced in line with the stock’s decline, and the entire principal can be lost. All payments depend on UBS’s credit, and the estimated initial value is $9.72 per $10 note, reflecting internal pricing and costs.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Marvell Technology, Inc., maturing around January 14, 2028. These are unsecured, unsubordinated debt securities.
Investors may receive contingent coupons only if Marvell’s share price on each observation date is at or above a preset coupon barrier. The notes can be automatically called early if the share price is at or above the initial level, in which case UBS repays the $10 principal per Note plus any due coupon and the product terminates.
If the notes are not called and the final share price is at or above the downside threshold, investors receive full principal back at maturity, plus any final coupon if the barrier is met. If the final share price is below the downside threshold, repayment is reduced in line with the stock’s decline and all principal can be lost. All payments depend on UBS’s credit, and the notes will not be listed on an exchange. The estimated initial value per Note is expected to be between $9.42 and $9.67.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Humana Inc., maturing on or about January 14, 2028. These unsecured debt notes may pay a contingent quarterly coupon only when Humana’s closing stock 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 Humana’s stock closes at or above the initial level on any observation date (after an initial period), in which case investors receive the principal plus any due coupon and the product terminates. If not called and Humana’s final stock level on the January 12, 2028 valuation date is at or above a downside threshold, investors receive full principal back; if it is below that threshold, repayment is reduced in line with the stock’s percentage decline and investors can lose all of their investment.
All payments depend on the creditworthiness of UBS AG. The estimated initial value per $10 note on the trade date is expected to be between $9.36 and $9.61, reflecting UBS’s internal pricing models and funding costs. The notes will not be listed on any securities exchange and are described as significantly riskier than conventional debt instruments.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Starbucks Corporation. These unsecured debt notes can pay periodic contingent coupons, but only if the stock closes at or above a preset coupon barrier on each observation date.
The notes may be automatically called early if the stock closes at or above its initial level on any observation date before maturity, in which case investors receive principal plus the applicable contingent coupon and no further payments. If the notes are not called and the stock finishes at or above a downside threshold at maturity, investors receive their principal back; if it finishes below that threshold, repayment is reduced in line with the stock’s decline and losses can reach 100% of the investment.
All payments depend on the creditworthiness of UBS. The notes are not listed on any exchange, require a minimum investment of 100 notes at $10 per note, and have an estimated initial value expected to range between $9.43 and $9.68 per note.
UBS AG is offering trigger autocallable contingent yield notes linked to the common stock of Centene Corporation. These unsecured debt securities can pay periodic contingent coupons, but only if Centene’s share price on each observation date is at or above a preset coupon barrier.
The notes are automatically called early if Centene’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 no further payments. If the notes are not called and Centene’s final share price is at or above a downside threshold, investors receive their full principal at maturity. If the final share price 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 subject to UBS credit risk, are not bank deposits, are not FDIC insured, and will not be listed on any exchange. 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 $9.41 and $9.66.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Constellation Energy Corporation, maturing on or about January 14, 2028. Each Note has a principal amount of $10, with a minimum investment of 100 Notes (a $1,000 purchase).
Investors receive contingent coupons only if Constellation Energy’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 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 no further payments.
If the Notes are not called and the final share price is at or above the downside threshold, UBS repays principal at maturity. If the final share price is below the downside threshold, repayment is reduced in line with the stock’s decline, and investors can lose all of their initial investment. The estimated initial value per Note on the trade date is expected to be between $9.42 and $9.67, and all payments are subject to the creditworthiness of UBS.
UBS AG is offering Trigger Autocallable Contingent Yield Notes with Memory Interest linked to the least performing of Fortinet, Microsoft and ServiceNow common stock, maturing on January 14, 2030. Each Note has a $1,000 principal amount and pays a 12.70% per annum contingent coupon (about $10.5833 per month) only if, on a monthly observation date, the closing level of each stock is at or above its coupon barrier, set at 70% of its initial level.
The Notes can be automatically called after 18 months if all three stocks are at or above their call threshold, set at 100% of their initial levels. If called, investors receive principal plus due and previously unpaid coupons. If not called and each stock finishes at or above its downside threshold (55% of its initial level), investors receive full principal at maturity; if any stock ends below its downside threshold, repayment is reduced one-for-one with the loss on the worst-performing stock, and investors can lose all principal. All payments depend on the creditworthiness of UBS.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the Solactive U.S. Large Cap Volatility Navigator Index, maturing on or about January 22, 2032. Each Note has a $1,000 principal amount and pays a contingent coupon at a rate of 18.10% per annum (about $15.0833 per month) if, on a monthly observation date, the index closes at or above the coupon barrier, set at 70% of the initial level.
Beginning after six months, the Notes are automatically callable if the index is at or above the call threshold, set at 100% of the initial level. On a call, investors receive principal plus any due coupon, and the Notes terminate early.
If not called, and on the final valuation date the index is at or above the downside threshold of 50% of the initial level, investors receive full principal (and a final coupon if the barrier is met). If the final level is below the downside threshold, the maturity payment is $1,000 × (1 + underlying return), creating a loss matching the index decline and potentially a total loss of principal. The Notes are unsecured, unsubordinated obligations of UBS, not FDIC insured, will not be listed, and have an estimated initial value between $933.90 and $963.90 per $1,000 issue price.
UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of three underlyings: the SPDR S&P Regional Banking ETF (KRE), the Nasdaq-100 Technology Sector Index (NDXT) and the Utilities Select Sector SPDR Fund (XLU), maturing around July 20, 2028. The Notes pay a contingent coupon at a rate of 11.25% per annum (monthly coupons of $9.375 per $1,000 note) only if, on each monthly observation date, the level of every underlying is at or above 60% of its initial level (the coupon barrier). UBS can call the Notes in whole on any observation date starting after three months, returning principal plus any due coupon, with no further payments.
If the Notes are not called and, at maturity, every underlying is at or above its 60% downside threshold, investors receive the $1,000 principal per Note. If any underlying finishes below its downside threshold, the maturity payment is reduced in line with the negative return of the worst-performing underlying, and investors could lose their entire principal. The Notes are unsecured obligations of UBS, are not listed on an exchange and carry both market risk tied to the underlyings and the credit risk of UBS.
UBS AG is offering $3,241,000 of Trigger Callable Contingent Yield Notes linked to the least performing of the Nasdaq-100® Technology Sector IndexSM, the Russell 2000® Index and the S&P 500® Index, maturing on January 12, 2029. The Notes pay a 10.25% per annum contingent coupon (about $8.5417 per $1,000 per month) only if, on each monthly observation date, every index closes at or above its coupon barrier, set at 70% of its initial level for each index. UBS can call the Notes in whole on any observation date after six months, returning principal plus any due coupon, with no further payments.
If the Notes are not called and, at maturity, all three indices are at or above their respective downside thresholds (also 70% of initial levels), investors receive back the full $1,000 principal per Note. If any index finishes below its downside threshold, the maturity payment is reduced dollar-for-dollar with the percentage loss of the worst-performing index, and the entire principal can be lost. The Notes are unsecured debt of UBS, not insured deposits, and all payments depend on UBS’s credit. The estimated initial value is $963.80 per $1,000 Note, reflecting internal pricing and costs.
UBS AG London Branch is offering capped leveraged buffered medium-term notes linked to an unequally weighted basket of five global equity indices. The notes have a $1,000 face amount, pay no interest, and are expected to mature in about 22–25 months.
At maturity, investors receive $1,000 plus 230.00% of any positive basket return, but payouts are capped by a maximum settlement amount expected between $1,217.12 and $1,255.30 per $1,000. A 15.00% buffer protects against moderate losses, but if the basket falls more than 15%, investors lose about 1.1765% of face value for each additional 1% decline and could lose their entire investment. The basket weights are EURO STOXX 50® 38.00%, TOPIX 26.00%, FTSE® 100 17.00%, Swiss Market Index 11.00%, and S&P/ASX 200 8.00%. The estimated initial value is expected between $967.50 and $997.50 per $1,000, reflecting fees, hedging costs and the issuer’s funding rate. The notes are unsecured obligations of UBS, are not FDIC insured, and are not expected to be listed, so liquidity may be limited.
UBS AG is issuing $1,474,000 of Trigger Callable Contingent Yield Notes maturing in January 2029, linked to the worst performer among the Nasdaq-100 Technology Sector Index, the Russell 2000 Index and the S&P 500 Index. The Notes pay a 10.75% per annum contingent coupon (about $8.9583 per $1,000 monthly) only when all three indices close at or above 70% of their initial levels on an observation date. UBS may call the Notes after three months, returning principal plus any due coupon, ending future payments. If the Notes are not called and any index finishes below its 70% downside threshold at maturity, investors lose principal in line with the worst index and could lose their entire investment. Payments depend on UBS’s credit, the Notes are unsecured, and the estimated initial value is $966.90 per $1,000, below issue price.
UBS AG, through its London branch, is offering Phoenix Autocallable Buffer Notes with Memory Interest linked to the common stock of Wells Fargo & Company. Each $1,000 Note can pay a fixed contingent interest of $31.80 per quarter if Wells Fargo’s closing price on an observation date is at or above the interest barrier of $81.56, equal to 85% of the $95.95 initial price, with missed coupons potentially paid later under the “memory” feature.
The Notes may be autocalled quarterly if Wells Fargo’s price is at or above the initial price, returning principal plus due and previously unpaid coupons. If not called, and the final price on January 22, 2027 is at or above the downside threshold of $81.56, investors receive full principal at the January 27, 2027 maturity plus any due and unpaid coupons. If the final price is below the downside threshold, repayment is in a cash equivalent tied to a share delivery amount ($1,000 divided by the downside threshold), exposing investors to potentially large losses up to a full loss of principal.
The total offering size is $2,735,000, with a minimum investment of $10,000. The estimated initial value is $983.60 per $1,000 Note, reflecting underwriting discounts, hedging and issuance costs. The Notes are unsecured, unsubordinated obligations of UBS, are not listed on any exchange, and all payments depend on UBS’s credit; a UBS default could result in loss of the entire investment.
UBS AG is offering $8,649,000 of Digital S&P 500® Index-Linked Medium-Term Notes due August 4, 2027. These notes pay no interest and your payoff depends entirely on the S&P 500® Index level on the August 2, 2027 determination date.
Each note has a $1,000 face amount. If the final index level is at or above the buffer level of 87.50% of the initial level of 6,921.46, you receive a fixed maximum settlement amount of $1,127.50 per $1,000, regardless of how high the index rises above the 112.75% cap level. If the index falls more than 12.50% below the initial level, your principal is exposed to losses at about 1.1429% for every 1% decline below the buffer; you could lose your entire investment.
The notes are unsecured obligations of UBS AG London Branch, are not FDIC insured, and will not be listed on an exchange. The estimated initial value is $997.50 per $1,000, reflecting internal funding and hedging costs, and secondary market liquidity, if any, may be limited and at prices below what you paid.
UBS AG is offering $1,618,000 of Trigger Callable Contingent Yield Notes linked to the least performing of three underlying assets: shares of the SPDR® Gold Trust (GLD), the Nasdaq-100® Technology Sector IndexSM (NDXT) and the Russell 2000® Index (RTY). Each Note has a $1,000 principal amount, trades at an issue price of $1,000 and matures on January 14, 2031, unless called earlier by UBS.
The Notes pay an 11.00% per annum contingent coupon (about $9.1667 per month per $1,000) only if, on each monthly observation date, the closing level of every underlying asset is at or above its coupon barrier, set at 70% of its initial level. If any asset is below its barrier, no coupon is paid for that month.
UBS may call the Notes in whole, but not in part, on any monthly observation date beginning after three months. If called, investors receive the $1,000 principal plus any due coupon, and the Notes terminate. If not called, and on the final valuation date every asset is at or above its downside threshold (set at 60% of its initial level), investors receive full principal. If any asset finishes below its downside threshold, repayment is reduced dollar-for-dollar with the negative return of the worst performer, and investors can lose up to 100% of their investment. All payments depend on UBS’s credit; if UBS defaults, investors may receive nothing.
UBS AG is offering Buffer Autocallable Contingent Yield Notes linked to the least performing of the Nasdaq-100 Index® and the S&P 500® Index, with a scheduled maturity on or about February 25, 2027. Each Note has a $1,000 principal amount and pays a contingent coupon at 6.80% per annum only if, on a monthly observation date, both indices close at or above their coupon barriers, set at 85.00% of their respective initial levels.
The Notes can be automatically called after six months if, on an observation date, both indices are at or above 100.00% of their initial levels; in that case, investors receive $1,000 plus the applicable contingent coupon and the Notes terminate. If the Notes are not called and, at maturity, both indices are at or above their downside thresholds (85.00% of initial level), investors receive full principal back. If any index finishes below its downside threshold, principal is reduced based on the loss of the worst-performing index beyond a 15.00% buffer, and investors could lose almost all of their investment.
The Notes are unsecured, unsubordinated obligations of UBS AG, with an estimated initial value between $954.20 and $984.20 per $1,000 Note, and will not be listed on any exchange. All payments depend on UBS’s credit, and investors may receive few or no contingent coupons and face limited liquidity and significant market and tax risks.
UBS AG is offering Trigger Callable Contingent Yield Notes linked to the S&P 500® Index, maturing on or about January 19, 2029. Each Note has a $1,000 principal amount and pays a 7.00% per annum contingent coupon when the index closes at or above a coupon barrier set at 70.00% of the initial level on monthly observation dates.
UBS may call the Notes in whole, beginning after 3 months, paying back principal plus any due coupon, after which no further payments are made. If the Notes are not called and the final S&P 500® level is at or above a downside threshold of 65.00% of the initial level, investors receive full principal at maturity; if it is below that threshold, repayment is reduced one‑for‑one with the index decline, and the entire principal can be lost. Payments depend on the creditworthiness of UBS, and the estimated initial value is expected between $959.50 and $989.50 per Note.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the worst performer of three sector ETFs: Energy Select Sector SPDR (XLE), Utilities Select Sector SPDR (XLU) and Health Care Select Sector SPDR (XLV). The Notes have a $1,000 denomination, an expected term of about three years and a contingent coupon rate of 9.05% per annum, paid monthly only if all three ETFs are at or above their coupon barriers on an observation date.
The Notes can be called early, starting after six months, if each ETF is at or above its call threshold level, set at 100% of its initial level. In that case, investors receive $1,000 plus the applicable contingent coupon and the Notes terminate. If the Notes are not called and, at maturity, each ETF is at or above its downside threshold (70% of its initial level), investors receive their full principal back.
If the Notes are not called and any one ETF finishes below its downside threshold, the maturity payment is reduced one-for-one with the loss on the weakest ETF, and investors can lose up to all of their principal. Investors also forgo any ETF dividends. UBS discloses that the estimated initial value is expected to be between $938 and $968 per $1,000, reflecting fees, hedging and funding costs.
UBS AG is offering $1,033,000 of Trigger Callable Contingent Yield Notes linked to the least performing of the Dow Jones Industrial Average, Nasdaq-100 Index and Russell 2000 Index, maturing in January 2029. The Notes pay a 9.50% per annum contingent coupon (about $7.9167 per $1,000 each month) only if on an observation date all three indexes are at or above their coupon barriers, set at 70% of their initial levels. UBS can redeem the Notes in whole, at its discretion, on any monthly observation date after 12 months, paying back principal plus any due coupon, ending all future payments.
If the Notes are not called and, at maturity, each index is at or above its downside threshold (also 70% of its initial level), investors receive full principal. If any index finishes below its downside threshold, repayment is reduced 1-for-1 with the loss in the worst-performing index, and investors can lose their entire investment. The Notes are unsecured, unsubordinated obligations of UBS, not listed on an exchange, and include liquidity, market, and tax risks. The estimated initial value is $969.90 per $1,000 Note, below the issue price due to fees, hedging and UBS’ internal funding rate.
UBS AG is offering $3.792 million of Trigger Callable Contingent Yield Notes linked to the least performing of the Nasdaq-100® Technology Sector Index, the Russell 2000® Index and the S&P 500® Index, maturing on December 14, 2027. The Notes pay a contingent coupon at a rate of 9.15% per annum (monthly coupons of $7.625 per $1,000) only when, on an observation date, all three indices close at or above their coupon barriers, set at 70% of initial levels.
UBS may call the Notes in whole, at its discretion, on any monthly observation date starting after three months; if called, investors receive principal plus any due coupon and no further payments. If held to maturity and each index finishes at or above its downside threshold (also 70% of initial level), investors receive full principal. If any index finishes below its downside threshold, repayment is reduced one-for-one with the negative return of the worst-performing index, and investors could lose all principal. The Notes are unsecured obligations of UBS, not listed, and their value is affected by market, liquidity and UBS credit risks; the estimated initial value is $959.40 per $1,000 issue price.
UBS AG is issuing $525,000 of Trigger Autocallable Contingent Yield Notes, each with a $1,000 principal amount, linked to the least performing of Amazon.com common stock, Berkshire Hathaway Class B shares and the iShares MSCI EAFE ETF, maturing January 14, 2031.
The notes pay a contingent coupon at a rate of 10.35% per annum (monthly $8.625 per note) only if, on an observation date, each underlying is at or above its coupon barrier, set at 50% of its initial level. The notes are automatically called, beginning after 12 months, if all underlyings are at or above their call thresholds, set at 100% of initial levels, returning principal plus any due coupon.
If not called, and any final underlying level is below its downside threshold of 90% of initial, repayment at maturity is reduced one-for-one with the negative return of the worst performer, and all principal can be lost. Payments depend on UBS’ credit, the notes are unsecured, not FDIC insured, and the estimated initial value is $984.20 per $1,000 issue price.