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 $1,641,000 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, maturing on December 14, 2027. These unsecured debt notes pay a 9.05% per annum contingent coupon only if, on a monthly observation date, each index closes at or above its coupon barrier, set at 70% of its initial level. UBS may call the notes in whole, beginning after three months, paying back principal plus any due coupon. If the notes are not called and any index finishes below its downside threshold (also 70% of its initial level), investors receive reduced principal tied to the worst index’s loss and can lose their entire investment. All payments depend on UBS’s credit, and the estimated initial value per note is $958.50 versus the $1,000 issue price.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Broadcom Inc., maturing on January 18, 2029, with a principal amount of $1,000 per Note.
The Notes pay a contingent quarterly coupon at a rate of 13.30% per annum (or $33.25 per quarter) only if Broadcom’s closing stock price on an observation date is at or above the coupon barrier of $172.49, which is 50% of the initial level of $344.97. The Notes are automatically called any quarter beginning after six months if Broadcom closes at or above the call threshold level of $344.97 (100% of the initial level), in which case investors receive principal plus the applicable coupon and no further payments.
If the Notes are never called and Broadcom’s final level on the valuation date is at or above the downside threshold of $172.49, UBS repays principal (and a final coupon if the barrier is met). If the final level is below the downside threshold, maturity payment falls dollar-for-dollar with Broadcom’s decline, and investors can lose all of their investment. The Notes are unsecured UBS debt, not listed on any exchange, have an issue price of $1,000 with an underwriting discount of $23.50 per Note, and an estimated initial value between $941.30 and $971.30.
UBS AG is offering $1,000,000 of Trigger Callable Contingent Yield Notes linked to the least performing of the Russell 2000 Index and the S&P 500 Index, maturing January 12, 2029. The Notes pay a contingent coupon at a rate of 9.45% per annum (or $7.875 per $1,000 Note per month) only if on each monthly observation date the closing level of both indices is at or above a coupon barrier set at 70.00% of their initial levels, which also serves as the downside threshold.
UBS may call the Notes in whole, but not in part, on any observation date beginning after 6 months; if called, investors receive the $1,000 principal per Note plus any due contingent coupon, and no further payments. If the Notes are not called and on the final valuation date either index finishes below its downside threshold, the maturity payment is reduced in line with the negative return of the worst-performing index, and investors can lose all of their principal. The Notes are unsecured obligations of UBS AG, are not insured or listed, and their estimated initial value on the trade date is $977.90 per $1,000 Note.
UBS AG, acting through its London Branch, is offering $1,611,000 of Trigger Callable Contingent Yield Notes, issued in $1,000 denominations, linked to the least performing of the Nasdaq-100® Technology Sector Index, the S&P 500® Index and the Energy Select Sector SPDR® Fund. The notes run for about 23 months to December 14, 2027 and pay a contingent coupon of 10.70% per annum (about $8.9167 per month per $1,000) only if on each monthly observation date all three underlyings are at or above 70% of their initial levels. UBS may, at its discretion, call the notes in whole on any 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 on the final valuation date all underlyings are at or above their 70% downside thresholds, investors receive full principal back (plus any final coupon if conditions are met). If any underlying finishes below its downside threshold, the maturity payment is reduced dollar-for-dollar with the negative return of the worst performer, and investors can lose up to their entire investment. The notes are unsecured, unsubordinated obligations of UBS AG, are not insured or listed, have an estimated initial value of $968.30 per $1,000, and expose investors to UBS credit risk, sector-specific risks in technology and energy, and limited or no secondary market liquidity.
UBS AG is offering $1,811,000 of Trigger Callable Contingent Yield Notes, issued in $1,000 denominations and maturing on January 13, 2028. The Notes pay a 10.65% per annum contingent coupon, credited monthly only if on each observation date the Nasdaq-100 Index®, Russell 2000® Index and S&P 500® Index all close at or above 70% of their initial levels, which also serve as coupon barriers and downside thresholds.
UBS may, at its discretion, call the Notes in whole on any monthly observation date starting 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, any index finishes below its downside threshold, investors receive reduced principal based on the worst-performing index and can lose up to 100% of their investment. The Notes are unsecured debt obligations of UBS, are not bank deposits, are not FDIC insured, and will not be listed on an exchange. The estimated initial value is $976.40 per $1,000 Note versus a $1,000 issue price, reflecting underwriting and structuring costs, including a $6.50 per Note underwriting discount.
UBS AG is offering $1,565,000 of Trigger Autocallable Contingent Yield Notes linked to the least performing of the Russell 2000 Index and the S&P 500 Index, maturing in January 2029. The Notes pay an 8.50% per annum contingent coupon only if on each monthly observation date both indices close at or above 70% of their initial levels. Beginning after 12 months, the Notes are automatically called if both indices are at or above 100% of their initial levels, returning principal plus the applicable coupon. If the Notes are not called and either index finishes below its 70% downside threshold at maturity, investors suffer a loss matching the index’s percentage decline and can lose their entire principal. The estimated initial value is $975.10 per $1,000 Note, below the issue price, and all payments depend on UBS’s creditworthiness.
UBS AG is offering $1,000 Buffered Contingent Income Auto-Callable Securities linked to Microsoft common stock, maturing on January 15, 2027. Investors can receive a $11 contingent payment per period (equivalent to 13.20% per annum of principal) for each determination date on which Microsoft’s closing price is at or above the downside threshold of $407.39, which is 85% of the $479.28 initial price. Missed coupons can be “remembered” and paid later if the threshold is subsequently met.
If on any non-final determination date Microsoft’s price is at or above the call threshold of $479.28, the note is automatically redeemed for principal plus the due contingent payment and any unpaid prior contingent payments. At maturity, if the note has not been called and the final price is at or above the downside threshold, holders receive principal plus the applicable contingent payment and any unpaid coupons.
If the note is not called and Microsoft’s final price is below the downside threshold, investors receive a cash value equal to the exchange ratio times the final price, exposing them to losses on an approximately 1.1765% leveraged basis below the threshold and potentially a total loss of principal. The securities do not pay dividends, do not participate in stock gains, are not listed, and all payments are subject to the credit risk of UBS AG. The estimated initial value on the pricing date is expected to be between $964.90 and $994.90 per $1,000 note.
UBS AG is offering $6,564,000 of Trigger Callable Contingent Yield Notes linked to the Nasdaq-100, Russell 2000 and S&P 500 indexes. These unsecured debt notes can pay a 9.10% per annum contingent coupon, but only if each index is at or above its coupon barrier, set at 70% of its initial level, on monthly observation dates.
UBS may call the notes in whole, beginning after three months, paying back principal plus any due coupon. If the notes are not called and at least one index finishes below its downside threshold, set at 60% of its initial level, investors take a loss matching the worst index’s decline and could lose their entire principal. The issuer is UBS AG London Branch; the estimated initial value is $978.20 per $1,000 note, below the issue price, and all payments depend on UBS’s credit strength.
UBS AG is issuing $11.634 million 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 January 13, 2028. The Notes pay a 9.30% per annum contingent coupon (about $7.75 per $1,000 note per month) only when all three indices close at or above their coupon barriers, set at 70% of their initial levels. UBS can call the Notes in whole, starting after three months, paying back principal plus any due coupon, ending all future payments.
If the Notes are not called and on the final valuation date each index is at or above its downside threshold (60% of its initial level), investors receive full principal back, plus any final contingent coupon if all indices are also above their coupon barriers. If any index finishes below its downside threshold, the maturity payment is reduced one-for-one with the loss of the worst-performing index, and principal losses can reach 100%. Payments depend on UBS’s credit, the Notes are unsecured and unsubordinated, carry significant market and liquidity risk, and have an estimated initial value of $976.90 per $1,000 note.
UBS AG is offering principal-at-risk structured notes linked to the common stock of Pfizer Inc. These Buffered Contingent Income Auto-Callable Securities with Memory Coupon can pay a contingent coupon of $11.9167 per $1,000 note, equivalent to approximately 14.30% per annum, on each determination date when Pfizer’s share price is at or above 87.00% of the initial price, defined as the downside threshold level.
If on any determination date (other than the final one) Pfizer’s share price is at or above the 100.00% call threshold level, the notes are automatically redeemed, returning principal plus the due coupon and any unpaid past coupons under the memory feature. If the notes are not called and Pfizer’s final price is at or above the downside threshold, investors receive principal back plus the final coupon and any previously unpaid coupons.
If the final price is below the downside threshold, repayment is based on a leveraged downside formula using an exchange ratio and a 1.1494× participation in losses below the threshold, so investors can lose some or all of their investment. The notes do not pay dividends, do not participate in any stock price gains, are unsecured obligations of UBS AG, and rely entirely on UBS’s credit.
UBS AG is offering $100,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Alcoa Corporation, maturing on January 13, 2028. These unsecured debt notes pay contingent coupons only when Alcoa’s share price on an observation date is at or above a preset coupon barrier; if the share price is below that level, no coupon is paid for that period.
The notes can be automatically called before maturity if Alcoa’s stock closes at or above the initial level on any observation date, in which case investors receive the principal plus the applicable contingent coupon and no further payments. If the notes are not called and Alcoa’s stock is at or above the downside threshold at final valuation, investors receive their principal back, potentially with a final contingent coupon. If it is below the downside threshold, repayment is reduced in line with the stock’s decline and can fall to zero. The notes are sold at $10 per note with a minimum investment of 100 notes, and the estimated initial value is $9.46 per note, with all payments subject to UBS’s creditworthiness.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Alcoa Corporation, maturing on or about January 13, 2028. Each Note has a principal amount of $10, with a minimum investment of 100 Notes. These are unsecured, unsubordinated debt obligations of UBS.
Investors receive a contingent coupon on each observation date only if Alcoa’s share price is at or above a preset coupon barrier. The Notes are automatically called early if Alcoa’s share price on any observation date before maturity is at or above the initial level, in which case investors receive principal plus the applicable coupon and the product terminates.
If the Notes are not called and Alcoa’s final share price is at or above the downside threshold, investors receive only the $10 principal per Note at maturity. If the final level is below the downside threshold, repayment is reduced in line with Alcoa’s decline, and investors can lose some or all of their investment. All payments depend on UBS’s credit. The estimated initial value is $9.16–$9.41 per $10 Note.
UBS AG is offering $1,100,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Dow Inc., maturing on January 13, 2028. These unsecured debt securities pay a contingent coupon only when Dow’s closing share price on an observation date is at or above a coupon barrier set at 70% of the initial level, with a stated contingent coupon rate of 18.39% per annum in the hypothetical examples. The notes can be automatically called before maturity if Dow closes at or above the initial level on any observation date, in which case holders receive principal plus the applicable coupon and no further payments. If the notes are not called and Dow closes on the final valuation date at or above a downside threshold of 65% of the initial level, investors receive only their principal (plus any final coupon); if it is below that threshold, repayment is reduced in line with the stock’s decline, and all principal can be lost. All payments depend on the creditworthiness of UBS, and the estimated initial value is $9.74 per $10 note.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Dow Inc., maturing on or about January 13, 2028. These unsecured debt securities pay contingent coupons only when Dow’s 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 Dow’s closing level on an observation date (other than the final one) is at or above the initial level, in which case investors receive principal back plus any due coupon and the product terminates. If the notes are not called and the final 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 Dow’s decline and investors can lose all of their initial investment.
The notes are subject to UBS’s credit risk, will not be listed on any exchange, and are initially offered in minimums of 100 notes at $10 per note. This preliminary pricing supplement may change before final terms are set on the trade date.
UBS AG is offering $115,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Applied Materials, Inc., maturing on January 13, 2028. 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; otherwise no coupon is paid for that period. The notes are automatically called early if the stock closes at or above the initial level on an observation date before maturity, in which case investors receive their $10 per note principal plus any due coupon and no further payments. If the notes are not called and the stock is at or above a downside threshold at maturity, investors receive back their principal, but if the stock is below that threshold, repayment is reduced in line with the stock’s decline and all principal can be lost. The notes are subject to UBS credit risk, are not listed on any exchange, are sold in minimums of 100 notes at $10 each, and have an estimated initial value of $9.74 per note.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Applied Materials, Inc., maturing on or about January 13, 2028. Each $10 Note can pay a contingent coupon, here illustrated at 12.23% per annum ($0.3058 per quarter), but only when the stock closes at or above a preset coupon barrier on an observation date.
The Notes are automatically called early if the stock is at or above the initial level on any observation date before maturity, returning the $10 principal plus the applicable coupon, with no further payments. If not called and the stock is at or above the downside threshold (shown in the examples as $60, or 60% of the initial level) at maturity, investors receive their $10 principal back, plus any final coupon. If the stock finishes below the downside threshold, repayment is reduced in line with the stock’s percentage loss, and investors could lose their entire investment.
All payments depend on the creditworthiness of UBS. The estimated initial value per Note is expected to be between $9.43 and $9.68, and the minimum investment is 100 Notes at $10 each.
UBS AG is offering $380,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Marvell Technology, Inc., maturing on January 13, 2027. These are unsecured, unsubordinated debt obligations of UBS, not principal-protected and not listed on any exchange.
Investors receive a contingent coupon only if Marvell’s share price on an observation date is at or above a specified coupon barrier; otherwise no coupon is paid for that period. The notes are automatically called early if Marvell’s share price on any observation date before maturity 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 Marvell’s final share level is at or above the downside threshold, UBS repays principal at maturity. If the final level is below the downside threshold, repayment is reduced in line with Marvell’s decline, and investors can lose all of their investment. All payments, including any coupon and principal, depend on UBS’s credit, and the estimated initial value per Note is $9.85.
UBS AG is offering unsecured Trigger Autocallable Contingent Yield Notes linked to the common stock of Marvell Technology, Inc., maturing on or about January 13, 2027. Each Note has a principal amount of $10, with a minimum investment of 100 Notes.
Investors receive a contingent coupon only if the stock closes at or above a preset coupon barrier on each observation date. The Notes are automatically called early if the stock closes at or above the initial level on any observation date before the final valuation date, returning principal plus the contingent coupon, with no further payments.
If the Notes are not called and the final stock level is at or above the downside threshold, holders receive only their principal back at maturity. If the final level is below the downside threshold, repayment is reduced in line with the stock’s loss and investors can lose all of their initial investment. The estimated initial value per Note is expected to be between $9.49 and $9.74. Payments depend on the creditworthiness of UBS, the Notes are not FDIC insured, and they will not be listed on any exchange.
UBS AG is issuing $350,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Kinder Morgan, Inc., maturing on July 13, 2028. These unsecured debt notes pay a contingent coupon only on dates when the stock closes 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 after 12 months if the stock closes at or above its 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, on the final valuation date, 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 percentage loss and can fall to zero.
All payments depend on UBS’s credit; a default could result in total loss. The notes are sold in minimums of 100 Notes ($1,000 total). The estimated initial value is $9.78 per $10 Note, based on UBS’s internal models, which is lower than the issue price.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Kinder Morgan, Inc., with a scheduled maturity on or about July 13, 2028. These unsecured debt notes can pay a contingent quarterly coupon only when the stock closes at or above a preset coupon barrier on the applicable observation date.
The notes may be called early if the stock closes at or above the initial level on specified quarterly observation dates before the final valuation date. If that happens, investors receive the principal plus any due contingent coupon and the notes terminate.
If the notes are not called and the final stock level on the July 11, 2028 valuation date is at or above a downside threshold, investors receive their principal at maturity (and a final contingent coupon if the coupon barrier is met). If the final level is below the downside threshold, repayment is reduced in line with the stock’s decline, and investors can lose their entire investment. All payments depend on UBS’s credit. The estimated initial value is expected to be between $9.42 and $9.67 per $10 note, based on UBS internal models.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of First Solar, Inc., maturing on January 13, 2028. Each Note has a $10 principal amount, with a minimum investment of 100 Notes. The Notes can pay periodic contingent coupons, but only if First Solar’s stock closes on each observation date at or above a preset 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 plus any due coupon and no further payments. If the Notes are not called and, at maturity, the stock is at or above a downside threshold, investors receive back the $10 principal (and a final coupon if the barrier is met). If at maturity the stock is below the downside threshold, repayment is reduced in line with the stock’s decline and investors can lose all of their investment. Payments depend on UBS’s credit, the Notes are not listed on any exchange, and the estimated initial value is $9.74 per $10 Note.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of First Solar, Inc., maturing on or about January 13, 2028. These unsecured debt obligations can pay a relatively high contingent coupon, but only when 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 the principal plus the applicable contingent coupon and no further payments. If the notes are not called and the final stock level is at or above the downside threshold, 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. All payments depend on UBS’s credit, and the estimated initial value per $10 note is expected to be between $9.44 and $9.69.
UBS AG is offering $200,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of CrowdStrike Holdings, Inc., maturing on January 13, 2027. These unsecured debt notes can pay quarterly contingent coupons, but only when the stock closes at or above a preset coupon barrier on the relevant observation date.
The notes are automatically called early if, on any quarterly observation date after six months and before final valuation, the stock closes at or above its initial level. In that case, investors receive the $10 principal per note plus the due contingent coupon, and no further payments. If the notes are not called and the stock on the final valuation date is at or above the downside threshold, investors receive only their principal back; if it is below that threshold, repayment is reduced in line with the stock’s decline and all principal can be lost.
Payments depend entirely on UBS’s credit and the notes are not FDIC insured or exchange-listed. The minimum investment is 100 notes at $10 each, and the estimated initial value is $9.76 per note, reflecting UBS’s internal pricing and funding.
UBS AG is offering $230,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Starbucks Corporation, maturing on January 13, 2027. These notes pay a contingent coupon only on observation dates when the Starbucks share price is at or above a preset coupon barrier.
The notes can be called early on quarterly observation dates before maturity if the share price is at or above its initial level, in which case investors receive principal plus any due coupon and no further payments. If the notes are not called and the final share price is at or above a downside threshold, investors receive full principal at maturity; if it is below that threshold, repayment is reduced in line with the stock’s decline and a total loss is possible.
The notes are unsecured, unsubordinated obligations of UBS, subject to UBS’s credit risk, are not bank deposits, are not FDIC insured, and will not be listed on an exchange. Each note has a $10 denomination, with a minimum investment of $1,000, and an estimated initial value of $9.75 per note as of the trade date.
UBS AG is offering $2,022,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Oracle Corporation, maturing on January 16, 2029. These unsecured debt notes pay a contingent coupon only when Oracle’s closing level on an observation date is at or above a coupon barrier set at $50.00, which is 50.00% of the initial level. The indicative contingent coupon rate is 13.69% per annum, or $0.3423 per $10 note per period.
The notes are automatically called if Oracle’s level on any observation date before maturity is at or above the initial level, in which case holders receive the $10 principal plus the coupon due for that period and no further payments. If not called, and on the final valuation date Oracle is at or above the downside threshold of $50.00, UBS repays the $10 principal and any final coupon. If Oracle finishes below the downside threshold, repayment at maturity is reduced in line with Oracle’s percentage decline, and holders can lose most or all of their investment. Payments depend on the creditworthiness of UBS, and the estimated initial value is $9.75 per $10 note.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of CrowdStrike Holdings, Inc., maturing on or about January 13, 2027. These unsecured debt securities can pay quarterly contingent coupons only when the stock closes at or above a preset coupon barrier on each observation date.
The notes may be automatically called after roughly six months if the stock closes at or above its initial level on an observation date; in that case, investors receive principal plus the applicable contingent coupon and the product terminates early. If the notes are not called and the final stock level on January 11, 2027 is at or above a downside threshold, investors receive principal back, potentially with a final coupon. If the final level is below the downside threshold, repayment is reduced in line with the stock’s decline and can fall to zero.
All payments depend on the creditworthiness of UBS, the notes will not be listed on an exchange, and the estimated initial value is expected to be between $9.41 and $9.66 per $10 note.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Starbucks Corporation, with a term to about January 13, 2027 and a principal amount of $10 per Note. These unsecured debt obligations can pay quarterly contingent coupons only when the Starbucks share price on an observation date is at or above a coupon barrier, illustrated as 80% of the initial level in the hypothetical examples.
The Notes are automatically called if, on any quarterly observation date beginning after 6 months, the Starbucks share price is at or above the initial level, in which case holders receive $10 plus any due contingent coupon and the Notes terminate. If the Notes are not called and the final share price is at or above the downside threshold, holders receive $10 per Note at maturity; if it is below the downside threshold, repayment is reduced in line with the share’s decline, up to a total loss of principal.
The offering has a minimum investment of 100 Notes, or $1,000. UBS estimates the initial value per $10 Note will be between $9.40 and $9.65, reflecting internal pricing and funding. All payments depend on UBS’s creditworthiness, and the Notes are not listed on any exchange and are not insured by any governmental agency.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Oracle Corporation common stock, maturing around January 16, 2029. These unsecured debt obligations can pay periodic contingent coupons, but only if Oracle’s closing stock 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 Oracle’s stock closes at or above the initial level on any observation date before the final valuation date. In that case, investors receive their principal plus the applicable contingent coupon and the note terminates.
If the notes are not called and Oracle’s final stock level is at or above the downside threshold, investors receive only their principal at maturity (plus any final contingent 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.
The notes are subject to UBS’s credit risk, will not be listed on an exchange, and have an estimated initial value between $9.36 and $9.61 per $10 note.
UBS AG is offering unsecured Trigger Callable Contingent Yield Notes linked to the worst performer of the SPDR® S&P® Regional Banking ETF (KRE) and the Financial Select Sector SPDR® Fund (XLF), maturing around May 11, 2028. The Notes pay a contingent coupon at a rate of 9.05% per annum (about $7.5417 per month per $1,000) only if, on each monthly observation date, the closing level of both ETFs is at or above its coupon barrier, set at 60% of the initial level ($40.85 for KRE and $33.54 for XLF).
UBS may call the Notes in whole on any observation date starting after 13 months, returning the $1,000 principal plus any due coupon, after which no further payments are made. If the Notes are not called and, at maturity, either ETF finishes below its downside threshold (also 60% of its initial level), investors receive $1,000 multiplied by 1 plus the return of the worst-performing ETF, which can mean a large loss and up to a 100% loss of principal. All payments depend on UBS’s credit; the estimated initial value is between $944.90 and $974.90 per $1,000, reflecting fees, hedging, and funding costs.
UBS AG is offering $12,000,000 of Buffered Contingent Income Auto-Callable Securities linked to Alphabet Inc.’s Class A common stock. These one-year, principal-at-risk notes pay a contingent coupon of $12.3917 per $1,000 security (about 14.87% per annum) on each quarterly determination date when Alphabet’s share price is at or above 80% of the $314.34 initial price, using a “memory” feature to catch up missed coupons when the condition is later met.
The notes can be automatically called on any non-final determination date if Alphabet closes at or above 100% of the initial price, returning principal plus the applicable contingent and any unpaid coupons. If held to maturity and Alphabet is at or above the 80% downside threshold, investors receive principal plus all due coupons; if it finishes below that level, repayment is reduced on an approximately 1.25x leveraged basis and losses can reach 100%. Investors forgo dividends, any upside in Alphabet shares, face limited liquidity, and take on the unsecured credit risk of UBS AG.
UBS AG is offering unsecured Trigger Autocallable Contingent Yield Notes with Memory Interest linked to the common stock of Tesla, Inc., maturing on or about July 19, 2027. Each Note has a $1,000 principal amount and pays a high, but conditional, contingent coupon of 18.00% to 20.00% per annum when Tesla’s stock closes at or above a coupon barrier set at 70% of the initial level on quarterly observation dates. Missed coupons can be paid later if conditions are met, via the memory interest feature.
The Notes are autocallable: if Tesla’s stock is at or above 100% of the initial level on any observation date (before the final one), investors receive principal plus due and unpaid coupons, and the Notes terminate. If not called and Tesla’s final level is at or above the downside threshold (70% of the initial level), principal is repaid in cash. If the final level is below that threshold, investors receive Tesla shares (or cash equivalent) equal to $1,000 divided by the initial level, exposing them to substantial loss, potentially their entire investment.
The Notes are not listed, may have limited liquidity, and all payments depend on UBS’s creditworthiness. The estimated initial value is expected to be between $937.70 and $967.70 per Note, below the $1,000 issue price due to fees, hedging and funding costs.
UBS AG is offering Capped Buffer GEARS, unsecured notes linked to an equally weighted basket made up of the Invesco S&P 500 Equal Weight ETF (RSP) and the Russell 2000 Index. Each Security has a $1,000 principal amount, an expected term of about 18 months, and matures around July 21, 2027.
At maturity, investors get enhanced upside: any positive basket return is multiplied by an upside gearing of 1.10, but total gain is capped at a maximum gain of 16.85%, or $1,168.50 per Security. A 10% buffer protects principal if the basket falls modestly, but if the final basket level drops below 90% of the initial basket level, losses match the decline beyond that buffer and investors can lose almost all principal. The notes pay no interest, carry UBS credit risk, have an estimated initial value between $945.50 and $975.50, and include underwriting compensation of up to $22.25 per Security.
UBS AG is issuing $13,953,000 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, maturing on January 13, 2028.
The notes pay a monthly contingent coupon at an annual rate of 11.50% ($9.5833 per $1,000) only if, on each observation date, all three indices close at or above their coupon barriers, set at 70% of their initial levels (which are also the downside thresholds). UBS may call the notes in whole, beginning after three months, paying principal plus any due coupon, with no further payments.
If the notes are not called and any index finishes below its downside threshold at maturity, investors receive $1,000 times one plus the return of the worst-performing index, which can result in substantial losses, including a total loss of principal. The notes are unsecured obligations of UBS, have an estimated initial value of $973.80 per $1,000, will not be listed on an exchange, and expose investors to issuer credit risk, equity market risk and limited liquidity.
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 on or about January 19, 2029. The Notes pay a contingent coupon at a rate of 10.90% per annum (about $9.0833 per $1,000 Note monthly) only if, on each observation date, all three indexes are at or above their coupon barriers, set at 70% of their initial levels.
UBS may call the Notes in whole on any monthly observation date beginning after three months; if called, holders receive $1,000 per Note plus any due coupon, and the Notes terminate. If not called and, at maturity, each index is at or above its downside threshold (also 70% of initial level), investors receive full principal; otherwise, repayment is reduced one‑for‑one with the negative return of the worst‑performing index, and principal may be lost in full.
The Notes are unsubordinated, unsecured obligations of UBS, not deposits, not FDIC insured, and will not be listed on an exchange. The estimated initial value is expected between $955.80 and $985.80 per $1,000 issue price, reflecting underwriting discounts and hedging and issuance costs.
UBS AG is offering unsecured 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 or about December 17, 2027. Investors receive a contingent coupon of 11.15% per annum (about $9.2917 per $1,000 note monthly) only when all three indices close at or above their coupon barriers, initially set at 70% of each index’s initial level. UBS may call the notes in whole on any monthly observation date beginning after three months, paying back principal plus any due coupon and ending further payments. If the notes are not called and any index finishes below its 70% downside threshold at maturity, the repayment is reduced one-for-one with the worst index’s loss, and all principal can be lost. The estimated initial value is expected between $955.60 and $985.60 per $1,000 note, and all payments depend on UBS’s credit; the notes will not be listed, and liquidity may be limited.
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 17, 2031. Each Note has a $1,000 principal amount and pays a contingent coupon at a rate of 9.15% per annum (about $7.625 per month) only if, on each monthly observation date, both indices close at or above their coupon barriers set at 70% of their initial levels.
UBS may, at its discretion, 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, both indices are at or above their 60% downside thresholds, investors receive full principal back (plus any final coupon if barriers are met).
If any index finishes below its downside threshold and the Notes have not been called, repayment is reduced in line with the negative return of the worst-performing index, and investors can lose up to 100% of principal. Payments depend on UBS’s credit; the Notes are unsecured, not insured, and may have limited or no secondary market. The estimated initial value is between $963.10 and $993.10 per Note, below the $1,000 issue price.
UBS AG is offering trigger callable contingent yield notes linked to the least performing of the Nasdaq-100, Russell 2000 and S&P 500 indices, each in $1,000 denominations and maturing around April 21, 2027. The notes pay a 10.40% per annum contingent coupon only when all three indices close at or above 70% of their initial level on a monthly observation date; otherwise no coupon is paid.
UBS can call the notes in whole, starting after three months, returning principal plus any due coupon, ending further payments. If the notes are not called and any index finishes below its 70% downside threshold at maturity, investors take a loss matching that index’s percentage decline, up to a total loss of principal. Payments depend on UBS’s credit, and the estimated initial value per note is expected between $962.30 and $992.30, below the $1,000 issue price.
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 December 21, 2027 with a term of about 23 months.
The Notes pay a contingent coupon at a rate of 10.80% per annum (about $9.00 per $1,000 Note per month) only if on each monthly observation date every index is at or above 70% of its initial level, which also serves as both the coupon barrier and downside threshold. UBS may call the Notes in whole on any observation date beginning after 6 months, returning principal plus any due coupon. If not called and at least one index finishes below its downside threshold, investors receive $1,000 multiplied by 1 plus the return of the worst-performing index, which can mean a large loss or total loss of principal. The Notes are unsecured obligations of UBS, not listed on any exchange, and their estimated initial value is expected to range from $956.50 to $986.50 per $1,000 issue price.
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 on or about January 26, 2029. The Notes pay a contingent monthly coupon at a rate of 9.20% per annum only if, on an observation date, the closing level of each index is at or above its coupon barrier, set at 60% of its initial level. If any index is below its coupon barrier on an observation date, no coupon is paid for that period.
UBS may call the Notes in whole, but not in part, on any monthly observation date starting after six months, paying 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, each index is at or above its downside threshold (also 60% of its initial level), investors receive full principal back. If any index finishes below its downside threshold, the maturity payment is reduced one-for-one with the negative return of the worst-performing index, and investors can lose all of their initial investment. The Notes are unsecured debt of UBS, will not be listed, and have an estimated initial value between $960.10 and $990.10 per $1,000 issue price, reflecting fees, hedging and UBS’ internal funding rate.
UBS AG is offering Trigger Callable Contingent Yield Notes linked to the worst performer of three major equity indexes: the Dow Jones Industrial Average, the Nasdaq-100 Technology Sector Index and the Russell 2000 Index. The Notes have a term of about three years and pay a quarterly contingent coupon at an annual rate of 11.55% only if, on each observation date, the closing level of every index is at or above 70% of its initial level. UBS can call the Notes in whole, starting after six months, on any observation date; if called, investors receive principal plus any due coupon, and the investment ends early.
If the Notes are not called and, at maturity, any index finishes below its 70% downside threshold, the repayment of principal is reduced one-for-one with the worst index’s loss, and investors can lose all of their initial investment. The Notes are unsecured obligations of UBS, are not insured, will not be listed on an exchange, and their estimated initial value is expected to be between $962.90 and $992.90 per $1,000 face amount, reflecting fees, hedging and funding costs.
UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the Nasdaq-100 Technology Sector Index, the Russell 2000 Index and the S&P 500 Index, with maturity expected on or about December 21, 2027.
The Notes pay a contingent coupon at a rate of 11.55% per annum (about $9.625 per $1,000 per month) only if, on each monthly observation date, all three indices close at or above their coupon barriers, set at 70% of their initial levels. UBS may call the Notes in whole, beginning after three months, on any observation date; if called, investors receive $1,000 per Note plus any due coupon and no further payments.
If the Notes are not called and, on the final valuation date, any index finishes below its downside threshold (also 70% of its initial level), the maturity payment is reduced 1:1 with the worst-performing index, and investors can lose all principal. The Notes are unsecured obligations of UBS, carry significant market, credit and liquidity risk, are not listed, and have an estimated initial value between $957.70 and $987.70 per $1,000 issue price, reflecting fees and UBS’ internal funding rate.
UBS AG is offering approximately three-year Trigger Callable Contingent Yield Notes linked to the least performing of the Dow Jones Industrial Average, Russell 2000 Index and S&P 500 Index. Each Note has a $1,000 principal amount and pays a contingent coupon of $9.2083 per month (11.05% per annum) only when all three indexes close at or above 85% of their initial levels on an observation date.
UBS may, at its discretion, call the Notes in whole on any monthly observation date beginning after six months, paying back 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 70% of its initial level, investors receive full principal back (and possibly a final coupon). If any index finishes below its 70% downside threshold, the maturity payment is reduced one-for-one with the worst index’s loss, up to a complete loss of principal. The Notes are unsecured obligations of UBS, not bank deposits, not insured, and will not be listed. The estimated initial value per Note is between $956.80 and $986.80, below the $1,000 issue price.
UBS AG is offering $11,075,500 of Trigger Callable Yield Notes linked to the least performing of the Russell 2000 Index and the S&P 500 Index. The notes are issued at $10 each by UBS AG London Branch and pay a fixed coupon at a rate of 7.50% per annum ($0.0625 per month) on every coupon payment date unless the notes are called earlier.
UBS may, at its discretion, call the notes in whole on monthly call dates beginning after 3 months, paying back $10 per note plus the due coupon, after which no further payments are made. If the notes are not called and, on the final valuation date, each index is at or above its downside threshold (70.00% of its initial level, or 1,802.797 for the Russell 2000 and 4,844.65 for the S&P 500), investors receive $10 per note at maturity plus the final coupon. If any index finishes below its downside threshold, the maturity payment per note is $10 multiplied by 1 plus the return of the worst-performing index, so investors bear the full downside of that index and can lose all of their principal.
The notes are unsecured, unsubordinated obligations of UBS, are not FDIC insured, and will not be listed on any exchange, which may limit liquidity. The estimated initial value is $9.817 per note, below the $10 issue price, reflecting underwriting discounts, hedging and issuance costs. Net proceeds to UBS are $10,964,745 before its own hedging and other costs.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Oracle Corporation, with a scheduled maturity on January 12, 2027. Each Note has a $10 principal amount and is an unsubordinated, unsecured debt obligation of UBS.
Investors receive a contingent coupon only on observation dates when Oracle’s closing level is at or above a preset coupon barrier. The Notes are automatically called if, on any quarterly observation date starting after six months, Oracle’s closing level is at or above the initial level; in that case UBS repays principal plus the applicable coupon and the Note terminates.
If the Notes are not called and Oracle’s final level is at or above the downside threshold at maturity, UBS repays the $10 principal. If the final level is below the downside threshold, repayment is reduced one-for-one with Oracle’s decline, and investors can lose their entire investment. Payments depend on UBS’s credit, the Notes are not insured or exchange-listed, and the estimated initial value is $9.77 per $10 Note.
UBS AG is offering $100,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Citigroup Inc., maturing on January 12, 2028. These are unsecured, unsubordinated debt obligations of UBS.
Investors can receive periodic contingent coupons only when Citigroup’s closing share price on an observation date is at or above a preset coupon barrier. The notes are automatically called early if Citigroup’s 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 Citigroup’s final share price is at or above a downside threshold, investors receive back their principal at maturity. If the final share price is below that threshold, repayment is reduced in line with the share price decline, and all principal can be lost. Any payment depends on UBS’s credit; a UBS default could result in a total loss. The minimum investment is 100 notes at $10 each, and the estimated initial value per note is $9.69. The notes are not listed on any exchange and are not FDIC insured.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Oracle Corporation, maturing on or about January 12, 2027. These unsecured debt notes pay a contingent coupon only if Oracle’s closing price on each quarterly 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 Oracle’s closing level on any observation date (beginning after 6 months) is at or above the initial level, in which case holders receive the $10 principal per Note plus any due coupon, with no further payments. If not called, and Oracle’s final level on January 8, 2027 is at or above a downside threshold, principal is repaid; if it is below that threshold, repayment is reduced in line with Oracle’s decline, up to a total loss of principal.
The minimum investment is 100 Notes at $10 each. The estimated initial value per Note on the trade date is expected to be between $9.41 and $9.66. All payments depend on the creditworthiness of UBS, and the Notes will not be listed on any exchange.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Citigroup Inc., maturing on or about January 12, 2028. These unsecured debt obligations pay a contingent coupon only when Citigroup’s share price on an observation date is at or above a specified coupon barrier; if the stock is below that level, no coupon is paid for that period.
The Notes can be automatically called early if Citigroup’s share price on any observation date before maturity is at or above the initial level. In that case, holders receive the principal plus any coupon due, and the Notes terminate. If the Notes are not called and Citigroup’s final share price is at or above the downside threshold, principal is repaid at maturity. If the final share price is below the downside threshold, repayment is reduced in line with the stock’s decline, and holders can lose all of their investment.
The Notes are subject to the credit risk of UBS, will not be listed on an exchange, and are intended for investors who understand equity-linked, non-principal-protected structures. The minimum investment is 100 Notes at $10 each. The estimated initial value per Note on the trade date is expected to be between $9.39 and $9.64.
UBS AG is offering $1,991,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Oracle Corporation, maturing on January 12, 2029. Each Note has a $10 principal amount and pays a contingent coupon only when Oracle’s closing share price on a quarterly observation date is at or above a preset coupon barrier.
The Notes can be called early by UBS if Oracle’s share price on an observation date is at or above the initial level, in which case investors receive principal plus the applicable contingent coupon and the Notes terminate. If the Notes are not called and Oracle’s final level on the valuation date is at or above the downside threshold, investors receive full principal back; if it is below, repayment is reduced one-for-one with Oracle’s decline and can fall to zero.
The example terms use a 13.96% per annum contingent coupon rate with a downside threshold and coupon barrier at 50% of the initial level$9.77 per $10 Note, and all payments depend on the creditworthiness of UBS, so both market risk in Oracle and UBS credit risk can lead to a total loss of principal.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Wayfair Inc., scheduled to mature on January 12, 2028. These are unsecured, unsubordinated debt obligations of UBS and are not principal protected.
Investors receive a contingent coupon only if, on an observation date, Wayfair’s share price is at or above a preset coupon barrier. UBS will automatically call the notes early if Wayfair’s share price on any observation date before maturity is at or above the initial level, paying back the $10 principal per Note plus any due coupon, with no further payments.
If the notes are not called and Wayfair’s final share price is at or above a downside threshold, UBS repays the principal at maturity. If the final price is below that threshold, repayment is reduced in line with the stock’s decline, and investors can lose all of their initial investment. Payments depend on UBS’s credit, the notes are not FDIC-insured, are not exchange-listed, require a minimum investment of 100 Notes at $10 each, and have an estimated initial value of $9.68 per Note.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Oracle Corporation, maturing on or about January 12, 2029. These unsecured debt securities can pay quarterly contingent coupons only when Oracle’s share price is at or above a preset coupon barrier on each observation date.
The notes may be automatically called as early as about six months after issuance if Oracle’s share price is at or above the initial level on an observation date, 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 Oracle’s final share level is at or above the downside threshold, investors receive full principal at maturity, plus any final coupon if the coupon barrier is met.
If the notes are not called and Oracle’s final share level is below the downside threshold, repayment is reduced in line with the negative return on the stock, and investors can lose some or all of their initial investment. All payments depend on the creditworthiness of UBS, and the notes will not be listed on any exchange. The estimated initial value is expected to be between $9.39 and $9.64 per $10 note.