Every 424B that ETRACS Alerian MLP Index ETN Series B due July 18, 2042 (AMUB) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow AMUB and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full AMUB filings page.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Fluor Corporation, maturing on or about January 10, 2028. These unsecured notes pay a contingent coupon only on dates when Fluor’s closing share price is at or above a specified coupon barrier; otherwise no coupon is paid.
The notes are automatically called early if Fluor’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 and no further payments. If the notes are not called and the final share price is at or above the downside threshold, investors receive only their 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.
Any payment depends on the creditworthiness of UBS. The notes will not be listed, have a minimum investment of 100 notes at $10 each, and an estimated initial value between $9.44 and $9.69 per note.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Uber Technologies, Inc., with a scheduled maturity on January 10, 2028. These unsecured debt notes can pay a contingent coupon only when Uber’s closing share price on an observation date is at or above a preset coupon barrier; otherwise no coupon is paid for that period. The notes are automatically called early if Uber’s stock closes at or above the initial level on any observation date before maturity, in which case investors receive the principal plus any due coupon and no further payments. If the notes are not called and Uber’s final share level is at or above the downside threshold, investors receive back principal (and possibly a final coupon), but if it is below the downside threshold, repayment is reduced in line with Uber’s percentage decline and all principal can be lost. Any payment depends on UBS’s creditworthiness, and the estimated initial value per $10 note on the trade date is $9.73.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Target Corporation, with a scheduled maturity on or about July 9, 2027. These are unsecured, unsubordinated debt obligations of UBS that can pay bimonthly contingent coupons only when Target’s share price on the relevant observation date is at or above a specified coupon barrier.
The Notes can be automatically called early if Target’s stock closes at or above the initial level on any observation date after six months. In that case, holders receive the $10 principal per Note plus any due contingent coupon, and no further payments. If the Notes are not called and Target’s final share level is at or above the downside threshold at maturity, investors receive their principal back (and a final contingent coupon if the coupon barrier is met).
If the Notes are not called and Target’s final share level is below the downside threshold, repayment is reduced in line with Target’s decline, and investors can lose most or all of their initial investment. All payments depend on UBS’s credit, and the estimated initial value is expected to be between $9.42 and $9.67 per $10 Note.
UBS AG is offering unsecured Trigger Autocallable Contingent Yield Notes linked to the common stock of Uber Technologies, Inc., maturing on or about January 10, 2028. These notes may pay contingent coupons only when Uber’s closing share price on an observation date is at or above a preset coupon barrier; if the stock is below that level on a given date, no coupon is paid for that period.
The notes are automatically called early if Uber’s share price on any observation date before maturity is at or above the initial level, in which case investors receive the principal plus any due coupon, and the product terminates. If the notes are not called and Uber’s stock is at or above a downside threshold at maturity, investors receive full principal back; if it is below that threshold, repayment is reduced in line with the stock’s decline and loss can reach 100% of principal.
The notes are subject to the credit risk of UBS, will not be listed on any exchange, require a minimum investment of 100 notes at $10 each, and have an estimated initial value between $9.44 and $9.69 per $10 note, reflecting internal pricing and funding costs.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the American depositary receipts of TAL Education Group, maturing on or about January 10, 2028. These unsecured debt notes can pay contingent coupons only when the TAL ADR price on specified observation dates is at or above a preset coupon barrier.
The notes may be automatically called early if the ADR price is at or above the initial level on any observation date before maturity, in which case investors receive principal plus the applicable contingent coupon and the product terminates. If the notes are not called and the final ADR level on the January 6, 2028 final valuation date is at or above a downside threshold, investors receive principal back at maturity. If the final level is below the downside threshold, repayment is reduced in line with the decline in the ADRs, and investors can lose most or all of their principal.
All payments depend on the creditworthiness of UBS, the notes will not be listed on an exchange, and they are not bank deposits or insured by any government agency.
UBS AG is offering $110,000 Trigger Autocallable Contingent Yield Notes linked to the common stock of United Airlines Holdings, Inc., maturing on January 10, 2028. These unsecured debt notes may pay a contingent coupon only if the stock closes at or above a specified coupon barrier on each observation date; otherwise no coupon is paid for that period.
The notes will be automatically called before maturity if the stock closes at or above the initial level on any observation date, in which case investors receive the principal plus any due coupon and no further payments. If the notes are not called and, on the final valuation date, the stock is at or above the downside threshold, investors receive back the principal (and a final coupon if the barrier is met). If the stock is below the downside threshold at maturity, repayment is reduced in line with the stock’s loss, and investors can lose their entire investment.
The minimum investment is 100 notes at $10 each, and the estimated initial value is $9.75 per note, based on UBS internal pricing models. All payments are subject to UBS’s credit, 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 Oracle Corporation, maturing on January 10, 2028. These unsecured debt notes pay a contingent coupon only if Oracle’s closing level on each monthly observation date (starting after 3 months) is at or above a preset 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 before the final valuation date is at or above the initial level, 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 Oracle’s final level on the January 6, 2028 valuation date is at or above the downside threshold, investors receive full principal at maturity; if it is below the downside threshold, repayment is reduced in line with Oracle’s percentage decline and investors can lose all of their investment.
The notes are subject to UBS’s credit risk, are not insured, and will not be listed on any exchange. The minimum investment is 100 Notes at $10 per Note, and the estimated initial value on the trade date is $9.79 per Note.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of United Airlines Holdings, Inc., maturing on or about January 10, 2028. These unsecured debt obligations can pay periodic contingent coupons, but only if the stock closes at or above a specified coupon barrier on each observation date.
The Notes may be automatically called early if, on any observation date before maturity, the stock closes at or above the initial level. In that case, investors receive the principal amount plus any due contingent coupon, and the Notes terminate. If the Notes are not called and, on the final valuation date, the stock is at or above the downside threshold, UBS repays the $10 principal per Note.
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 decline, and investors can lose all of their initial investment. Any payment depends on the creditworthiness of UBS. The minimum 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 $155,000 of Trigger Autocallable Contingent Yield Notes linked to NVIDIA common stock, maturing on January 9, 2029. These unsecured debt securities pay contingent coupons only if NVIDIA’s closing price on each observation date is at or above a specified coupon barrier; otherwise no coupon is paid for that period. The notes can be automatically called quarterly after the first year if NVIDIA closes at or above the initial level, in which case investors receive the $10 principal per note plus any due coupon and the product ends early.
If the notes are not called and NVIDIA’s final level on the valuation date is at or above a downside threshold, investors receive their $10 principal back at maturity; if it is below that threshold, repayment is reduced in line with NVIDIA’s decline and can fall to zero. The notes are not listed on any exchange, have a minimum investment of 100 notes at $10 each, and had an estimated initial value of $9.66 per note on the trade date, with all payments subject to the credit risk of UBS.
UBS AG is offering preliminary terms for Trigger Autocallable Contingent Yield Notes linked to the common stock of Oracle Corporation, maturing on or about January 10, 2028. The Notes pay a contingent coupon only if Oracle’s closing share price on a monthly 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 share price on any observation date (starting after three months) is at or above the initial level, in which case holders receive the principal plus any due contingent coupon and no further payments. If the Notes are not called and Oracle’s final level is at or above the downside threshold, investors receive only the principal at maturity; if it is below the downside threshold, repayment is reduced in line with the negative stock return and can fall to zero.
The Notes are unsecured, unsubordinated obligations of UBS, are not bank deposits, are not insured by any government agency, and all payments depend on UBS’s credit. The estimated initial value per $10 Note on the trade date is expected to be between $9.49 and $9.74, 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 NVIDIA Corporation, maturing on or about January 9, 2029. These unsecured debt notes pay a contingent quarterly coupon only when NVIDIA’s closing price on an observation date is at or above a specified coupon barrier; otherwise, no coupon is paid for that period.
The notes can be automatically called starting about 12 months after issuance if NVIDIA’s price on an observation date is at or above the initial level, in which case investors receive the principal plus any due coupon and the notes terminate early. If the notes are not called and NVIDIA’s final level is at or above the 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 total loss of principal is possible.
The minimum investment is 100 notes at $10 per note. The estimated initial value on the trade date is expected to be between $9.33 and $9.58 per note, reflecting UBS’s internal pricing. All payments depend on the creditworthiness of UBS, and the notes will not be listed on any exchange.
UBS AG is offering $333,000 of Trigger Autocallable Contingent Yield Notes linked to Western Digital common stock, maturing on July 9, 2027. These unsecured debt securities pay a contingent coupon only when the stock closes at or above a preset coupon barrier on scheduled observation dates and can be called early if the stock is at or above the initial level, in which case investors receive principal plus the applicable coupon and the Notes terminate. If the Notes are not called and the stock is at or above a downside threshold at maturity, investors receive back their principal; if it is below that threshold, repayment is reduced in line with the stock’s decline and losses can reach 100% of the investment. The Notes are not listed, have a minimum investment of 100 Notes at $10 each, and had an estimated initial value of $9.30 per Note, with all payments subject to the creditworthiness of UBS.
UBS AG is offering trigger autocallable contingent yield notes linked to the common stock of Western Digital Corporation, with expected maturity on or about July 9, 2027. These unsecured debt securities can pay contingent coupons only when the stock closes at or above a specified coupon barrier on each observation date, and the notes may be automatically called early if the stock closes at or above its initial level on any observation date before maturity.
If the notes are not called and the stock’s final level is at or above a downside threshold on the final valuation date, investors receive their principal back (and any final contingent coupon). If the final level is below the downside threshold, repayment is reduced in line with the stock’s negative performance, and investors can lose some or all of their initial investment. All payments depend on the creditworthiness of UBS, 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 UnitedHealth Group Incorporated, maturing on January 10, 2028. These unsecured debt notes pay a contingent coupon only when the stock closes at or above a preset coupon barrier on an observation date; otherwise no coupon is paid. The notes can be called early if the stock is at or above its initial level on any observation date, in which case investors receive the $10 principal per Note plus the applicable coupon and the product terminates.
If the notes are not called and, on the final valuation date, the stock is at or above the 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 percentage loss, and investors can lose all of their investment. The illustrative contingent coupon rate is 10.42% per annum, with both the downside threshold and coupon barrier set at 70% of the initial level. The notes are not listed, carry UBS credit risk, and have an estimated initial value of $9.67 per $10 Note.
UBS AG is offering unsecured Trigger Autocallable Contingent Yield Notes linked to the common stock of UnitedHealth Group Incorporated, with an expected maturity in January 2028. These 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 will be automatically called early if the stock closes at or above the initial level on any observation date before the final one, in which case investors receive 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 a downside threshold, UBS repays the principal at maturity; if the final level is below that threshold, repayment is reduced in line with the stock’s decline and investors can lose their entire investment.
The notes are unsubordinated, unsecured obligations of UBS, are not bank deposits, are not insured, and will not be listed on an exchange. The estimated initial value per $10 note on the trade date is expected to be between $9.37 and $9.62, reflecting UBS’ internal pricing models and funding costs.
UBS AG is offering $100,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Royal Caribbean Cruises Ltd., maturing on January 10, 2028. These unsecured debt notes pay a contingent coupon 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’s closing level on any observation date before maturity is at or above the initial level, in which case investors receive the $10 principal per Note plus any due contingent coupon, and no further payments. If the notes are not called and the final stock level on the valuation date is at or above the downside threshold, investors receive full principal at maturity; if it is below the downside threshold, repayment is reduced in line with the stock’s loss, up to a total loss of principal.
The minimum investment is 100 Notes at $10 each, and the estimated initial value per Note is $9.78. Any payment depends on UBS’s creditworthiness, the notes will not be listed on an exchange, and the issuer highlights that investing in these notes involves significant risk, including the potential loss of all initial capital.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Royal Caribbean Cruises Ltd., maturing on or about January 10, 2028. These unsecured debt obligations pay a contingent coupon only if the stock closes at or above a specified 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 its initial level on any observation date before maturity, in which case investors receive the $10 principal per Note plus any due coupon and no further payments. If not called, investors receive full principal back at maturity only if the final stock level is at or above a downside threshold; below that level, repayment is reduced in line with the stock’s decline and can fall to zero.
The minimum investment is 100 Notes at $10 each, and the estimated initial value per $10 Note is expected to be between $9.48 and $9.73. Payments depend on the creditworthiness of UBS, and the Notes will not be listed on any exchange.
UBS AG is issuing $265,000 of Trigger Autocallable Contingent Yield Notes linked to Micron Technology, Inc. common stock, maturing January 9, 2029. These unsecured debt notes pay a contingent coupon only if Micron’s share price on each observation date is at or above a preset coupon barrier; otherwise no coupon is paid. The notes can be automatically called before maturity if Micron’s stock closes at or above the initial level on any observation date, in which case investors receive the $10 principal per Note plus the applicable coupon and the product ends.
If the notes are not called and Micron’s final stock level on the January 5, 2029 valuation date is at or above the downside threshold, UBS repays the $10 principal per Note (plus any final coupon if the barrier is met). If the final level is below the downside threshold, repayment is reduced in line with Micron’s percentage decline, and investors can lose most or all of their initial investment. The estimated initial value is $9.70 per $10 Note, and all payments depend on UBS’s creditworthiness.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Micron Technology, Inc., maturing on or about January 9, 2029. These unsecured debt notes can pay a contingent coupon on scheduled coupon payment dates, but only if Micron’s closing share price on the related observation date is at or above a preset coupon barrier; otherwise no coupon is paid for that period.
The notes may be automatically called before maturity if Micron’s share price on any observation date (other than the final one) is at or above the initial level, in which case investors receive the principal plus any due contingent coupon, and the notes terminate. If not called, and Micron’s final level is at or above a downside threshold, investors receive only the principal at maturity; if it is below the downside threshold, repayment is reduced in line with the share price decline and can fall to zero. Any payment depends on the creditworthiness of UBS. The minimum investment is 100 notes at $10 each, and the estimated initial value per note is expected to be between $9.34 and $9.59.
UBS AG is offering $100,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Oracle Corporation. These unsecured debt securities can pay contingent coupons only when Oracle’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 may be automatically called before maturity if Oracle’s stock closes at or above the 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 Oracle’s final stock level is at or above the downside threshold, principal is repaid at maturity.
If the notes are not called and Oracle’s 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. The estimated initial value is $9.74 per $10 note, and the minimum investment is 100 notes ($1,000).
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Oracle Corporation, with an expected term to about July 9, 2027. These unsecured, unsubordinated notes can pay periodic contingent coupons, but only if Oracle’s share price on each observation date is at or above a preset coupon barrier. If Oracle’s share price on any observation date before maturity is at or above the initial level, the notes are automatically called, and investors receive their principal back plus the contingent coupon for that period, with no further payments.
If the notes are not called and Oracle’s final share price on the final valuation date is at or above a specified downside threshold, investors receive only their principal at maturity, plus any final contingent coupon if the coupon barrier is also met. If the final share price is below the downside threshold, repayment is reduced in line with Oracle’s percentage decline, and investors can lose some or all of their initial investment. All payments depend on UBS’s creditworthiness, and the notes will not be listed on any exchange. The estimated initial value is expected to be between $9.44 and $9.69 per $10 note.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Coinbase Global, Inc. (COIN), maturing around January 4, 2029. Each Note has a $1,000 principal amount and pays a contingent coupon only if COIN’s closing level on an observation date is at or above a coupon barrier set at 70% of the initial level. The indicative contingent coupon rate is approximately 24.40% per annum.
The Notes are automatically called if COIN closes at or above 100% of the initial level on any observation date before maturity, in which case investors receive principal plus the applicable coupon and the Notes terminate. If not called and COIN’s final level is at or above the 70% downside threshold, investors receive full principal at maturity; if it is below, repayment is reduced in line with COIN’s percentage decline, up to a total loss of principal.
The Notes are unsubordinated, unsecured obligations of UBS, not listed on any exchange, and subject to UBS credit risk. The estimated initial value per Note on the trade date is expected to be between $936.90 and $966.90, below the $1,000 issue price, reflecting underwriting discounts, hedging and issuance costs. UBS Securities LLC receives a $20.00 per Note underwriting discount, and secondary market liquidity may be limited.
UBS AG is offering $7,086,000 of Trigger Autocallable Notes linked to the least performing of the Russell 2000® Index and the S&P 500® Index, maturing January 4, 2030. Each $1,000 Note can be automatically called quarterly, starting after 12 months, if both indices close at or above their call threshold levels, set at 100% of their initial levels. In that case, investors receive the principal plus a call return based on a 9.36% per annum call return rate, with the call price rising the longer the Notes remain outstanding.
If the Notes are not called and on the final valuation date both indices are at or above 70% of their initial levels, UBS repays only the $1,000 principal per Note. If at least one index finishes below its 70% downside threshold, repayment is reduced in line with the percentage loss of the worst-performing index, and investors can lose up to their entire investment. The Notes pay no interest, do not participate in index upside beyond the fixed call return, are unsecured obligations of UBS, and will not be listed on any exchange. The estimated initial value is $965.40 per Note, below the $1,000 issue price, reflecting underwriting discounts, fees and hedging costs.
UBS AG is offering $757,000 of Trigger Autocallable Contingent Yield Notes with Memory Interest and a Conditional Threshold Event, linked to the least performing of Amazon, Super Micro Computer and Tesla common stock, maturing on January 11, 2029. The Notes pay a contingent coupon at a 19.85% per annum rate (about $49.625 per quarter per $1,000 Note) only if each stock closes at or above its coupon barrier on the relevant observation date; missed coupons can be paid later if conditions are met under the memory feature.
The Notes can be automatically called after 12 months if each stock is at or above its call threshold (100% of initial level), returning principal plus due and previously unpaid coupons. If not called, principal repayment at maturity depends on a “threshold event”: if each final stock level is below its upper barrier and any is below its downside threshold (60% of initial), repayment is reduced in line with the negative return of the worst stock, and investors can lose all principal. The Notes are unsecured, unsubordinated obligations of UBS, not listed on an exchange, and the estimated initial value is $955.50 per $1,000 Note, below the issue price.
UBS AG is offering trigger callable contingent yield notes linked to the worst performer of the Nasdaq-100, Russell 2000 and S&P 500 Index, each with a $1,000 principal amount and an expected term of about 18 months to around July 16, 2027.
The notes pay a contingent coupon at an annual rate of 8.00% (monthly coupons of $6.6667 per note) only if, on each monthly observation date, all three indices close at or above 70% of their initial levels, which also serve as the downside thresholds. UBS may call the notes in whole, beginning after three months, paying principal plus any due coupon.
If the notes are not called and any index finishes below its downside threshold, investors receive $1,000 multiplied by 1 plus the return of the worst-performing index, which can result in a substantial loss, up to a full loss of principal. Payments depend on UBS’s credit, and the estimated initial value is expected between $945.90 and $975.90 versus the $1,000 issue price.
UBS AG is offering unsecured Callable Contingent Interest Barrier Notes linked to the least performing of the Russell 2000® Index and S&P 500® Index, maturing around July 9, 2027. Each Note has a $1,000 principal amount and may pay a fixed monthly contingent interest of $7.2917 if, on an observation date, both indices are at or above their interest barriers set at 65.00% of their initial levels (1,657.923 for RTY and 4,494.91 for SPX). UBS can call the Notes on any monthly observation date (other than the valuation date) and repay principal plus any due interest. If not called, and either index finishes below its trigger level (also 65.00% of its initial level), investors suffer a loss matching the negative return of the worst index, up to a total loss of principal. Payments depend entirely on UBS’ creditworthiness, and the Notes will not be listed on any exchange.
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 have a $1,000 denomination and pay a 9.00% per annum contingent coupon only if, on a monthly observation date, each index closes at or above its coupon barrier, set at 70.00% of its initial level. UBS may call the Notes in whole on any observation date starting after 6 months, paying principal plus any due coupon.
If the Notes are not called and the final level of any index is below its downside threshold, set at 50.00% of its initial level, investors receive $1,000 multiplied by one plus the return of the worst-performing index, which can result in a substantial loss, up to total loss of principal. The Notes are unsecured obligations of UBS, not insured, will not be listed on an exchange, and have an estimated initial value between $959.70 and $989.70 per $1,000 issue price.
UBS AG is offering $385,000 of Trigger Autocallable Contingent Yield Notes with Memory Interest, linked to the least performing of the VanEck Gold Miners ETF (GDX), VanEck Semiconductor ETF (SMH) and Energy Select Sector SPDR Fund (XLE), maturing on January 9, 2031. Each $1,000 note pays a contingent coupon at an annual rate of 11.85% (monthly $9.875) only if all three ETFs close at or above their coupon barriers on an observation date, with missed coupons potentially paid later under a “memory” feature.
The notes can be called automatically monthly after 12 months if each ETF is at or above its call threshold (100% of initial levels). If not called, investors receive full principal at maturity only if each ETF is at or above its downside threshold (60% of initial levels: GDX $55.28, SMH $232.57, XLE $27.38). Otherwise, repayment is reduced in line with the loss on the worst-performing ETF, and all principal can be lost. The notes are unsecured obligations of UBS AG, not listed on any exchange, and their payments depend entirely on UBS’s creditworthiness.
UBS AG is offering Buffer Callable Contingent Yield Notes linked to the least performing of the Nasdaq-100® Technology Sector Index, the Russell 2000® Index and the S&P 500® Index. Each Note has a $1,000 principal amount, an approximate 21‑month term and pays a 7.70% per annum contingent coupon in monthly installments when every index closes at or above its coupon barrier, set at 70% of its initial level.
UBS may call the Notes quarterly, paying back principal plus any due coupon, after which no further payments are made. If the Notes are not called and any index finishes below its downside threshold of 80% of its initial level, investors lose principal beyond a 20% buffer, potentially almost all of their investment. Payments depend entirely on UBS’s credit, and the estimated initial value is expected between $955 and $985 per $1,000 issue price.
UBS AG is offering Trigger Autocallable Contingent Yield Notes, unsecured debt linked to the least performing of the Nasdaq-100® Technology Sector IndexSM, the Russell 2000® Index and the S&P 500® Index. The Notes have a principal amount of $1,000 per Note, an expected term of approximately 18 months and pay a contingent coupon at a rate of 7.85% per annum only if each index stays at or above its coupon barrier on monthly observation dates.
The Notes may be automatically called after three months if each index is at or above its call threshold level, in which case investors receive principal plus any due coupon and no further payments. If the Notes are not called and, at maturity, any index finishes below its downside threshold, repayment is reduced based on the negative return of the worst-performing index and investors can lose a significant portion or all of their initial investment. All payments depend on the creditworthiness of UBS, and the Notes are not bank deposits or FDIC insured.
UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the Dow Jones Industrial Average®, Nasdaq-100® Technology Sector IndexSM and Russell 2000® Index, maturing on or about January 22, 2031. The Notes pay a contingent coupon at an annual rate of 11.00% (about $9.1667 per month per $1,000) only if, on each monthly observation date, all three indices close at or above their coupon barriers, set at 75% of their initial levels.
UBS may call the Notes in whole, beginning after six months, on any observation date; if called, investors receive the $1,000 principal plus any due contingent coupon, with no further payments. If the Notes are not called and, at maturity, all indices are at or above their downside thresholds (set at 60% of initial levels), investors receive full principal back, plus any final contingent coupon if barriers are met.
If any index finishes below its downside threshold at maturity, the repayment is reduced dollar-for-dollar with the loss of the worst-performing index, and investors can lose up to 100% of principal. Payments depend on UBS’s credit, and the estimated initial value per $1,000 Note is between $955.80 and $985.80.
UBS AG is offering trigger callable contingent yield notes linked to the Nasdaq‑100 Technology Sector Index, the Russell 2000 Index and the S&P 500 Index. The notes target an 11.25% per annum contingent coupon, paid monthly as $9.375 per $1,000 note, but coupons are only paid if all three indices are at or above 70% of their initial levels on each observation date.
The notes mature in about 23 months and can be called by UBS after three months at par plus any due coupon. If the notes are not called and any index finishes below its 70% downside threshold at maturity, investors take a loss matching the worst‑performing index and can lose their entire principal. The estimated initial value ranges from $956.20 to $986.20 per $1,000 note, and all payments depend on UBS’s creditworthiness.
UBS AG is offering Trigger Callable Contingent Yield Notes, which are unsecured debt linked to the least performing of the Nasdaq‑100, Russell 2000 and S&P 500 indexes. The notes have an approximate 18‑month term and a face amount of $1,000 per note. They pay a contingent coupon at a rate of 9.85% per annum only if, on each monthly observation date, every index closes at or above 70.00% of its initial level; otherwise no coupon is paid for that period.
UBS may call the notes in whole, but not in part, on any observation date beginning 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, every index is at or above its 70.00% downside threshold, investors receive full principal back. If any index finishes below its downside threshold, the maturity payment is reduced in line with the worst‑performing index, and investors can lose up to their entire investment.
The estimated initial value is expected to range from $959.70 to $989.70 per $1,000 note, reflecting underwriting discounts of $6.50 per note and other costs, with proceeds to UBS of $993.50 per note. The notes will not be listed, pay no dividends, and all payments depend on UBS’s creditworthiness, adding issuer default risk to the equity market risk of the three indexes.
UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the S&P 500® Index and the EURO STOXX 50® Index, maturing on or about January 18, 2029.
Each $1,000 Note pays a 7.45% per annum contingent coupon (paid monthly as $6.2083) only if, on an observation date, both indices close at or above their coupon barriers, set at 60% of their initial levels. UBS may call the Notes in whole, starting after three months, paying back principal plus any due coupon.
If the Notes are not called and on the final valuation date either index 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 index, which can mean a significant or total loss of principal. Payments depend entirely on the creditworthiness of UBS, and the Notes will not be listed on any exchange.
UBS AG is offering $1,038,000 of Trigger Callable Contingent Yield Notes linked to the S&P 500® Index, scheduled to mature on January 9, 2031. These unsecured debt notes pay a 7.15% per annum contingent coupon (about $5.9583 per $1,000 monthly) only when the index closing level on an observation date is at or above the coupon barrier of 4,861.37, which is 70% of the initial level of 6,944.82.
UBS can call the notes in whole, beginning after 12 months, on any monthly observation date; if called, investors receive principal plus any due coupon and no further payments. If the notes are not called and the final index level is at or above the downside threshold (also 70% of the initial level), investors get back full principal, plus any final coupon. If the final level is below the downside threshold, redemption equals $1,000 × (1 + underlying return), exposing investors to the full downside of the index and potentially a total loss of principal.
The notes will not be listed, and secondary market liquidity may be limited. The estimated initial value is $976.80 per $1,000, reflecting underwriting discounts, hedging and issuance costs. All payments depend on the creditworthiness of UBS; a default or Swiss resolution actions could result in partial or total loss.
UBS AG is issuing $1,202,000 of Trigger Callable Contingent Yield Notes linked to the least performing of the Russell 2000® Index and the S&P 500® Index, maturing January 11, 2028. The Notes offer a contingent coupon at 8.35% per annum, paid monthly only if both indices 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, returning principal plus any due coupon, after which no further payments are made. If not called and each index finishes at or above its downside threshold (60% of initial level), investors receive full principal at maturity; if any index is below its downside threshold, repayment is reduced one-for-one with the loss on the least performing index, up to total loss of principal.
The Notes are unsecured obligations of UBS, are not listed on any exchange, and have an estimated initial value of $980.30 per $1,000 Note, reflecting dealer compensation, hedging and funding costs.
UBS AG is offering trigger callable contingent yield notes linked to the least performing of the Russell 2000® Index and the S&P 500® Index, maturing around January 19, 2028. Each $1,000 note pays a 9.00% per annum contingent coupon (about $7.50 monthly) only if on an observation date the closing level of both indices is at or above 70.00% of its initial level, which is also the downside threshold.
UBS may call the notes in whole, but not in part, on any monthly observation date beginning after 6 months, paying back principal plus any due coupon, ending all further payments. If the notes are not called and either index finishes below its downside threshold, the maturity payment per note equals $1,000 times 1 + the return of the worst-performing index, so investors can lose a significant portion or all of their investment. The notes are unsecured obligations of UBS, will not be listed on an exchange, and have an estimated initial value between $958.90 and $988.90 per $1,000 issue price.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the Russell 2000® Index and the S&P 500® Index, maturing around January 12, 2029. The Notes target a contingent coupon of 8.50% per annum, paid monthly only if both indices are at or above their coupon barriers, set at 70.00% of their initial levels. After 12 months, the Notes are automatically called if both indices are at or above their call thresholds, set at 100.00% of initial levels, returning principal plus any due coupon. If not called and, at maturity, either index finishes below its downside threshold (also 70.00% of initial), repayment is reduced 1-for-1 with the worst index’s loss, and investors can lose their entire $1,000 principal. The estimated initial value is expected to range from $961.50 to $991.50 per Note, reflecting underwriting and hedging costs, and all payments depend on the creditworthiness of UBS.
UBS AG is offering $581,000 of Trigger Callable Contingent Yield Notes, unsecured debt linked to the worst performer of the Nasdaq-100 Technology Sector Index and the Russell 2000 Index, maturing on January 11, 2029. The Notes pay an 8.30% per annum contingent coupon only if on each monthly observation date both indices are at or above their coupon barriers, set at 70% of initial levels (NDXT 9,244.65; RTY 1,808.029). UBS may call the Notes in whole, beginning after six months, paying principal plus any due coupon, with no further payments. If not called and either index finishes below its downside threshold (also 70% of its initial level), repayment is reduced one‑for‑one with the decline in the least performing index, up to a total loss of principal. The Notes are not listed, carry UBS credit risk, and have an estimated initial value of $945.70 per $1,000 issue price.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Micron Technology, Inc., maturing on or about July 20, 2027. The Notes pay a contingent coupon at a rate of 23.25% per annum only if Micron’s closing share price on a monthly observation date is at or above the coupon barrier, which is 60.00% of the initial level. If the share price on any observation date (starting after three months) is at or above the call threshold level, set at 100.00% of the initial level, UBS will automatically call the Notes and repay principal plus the applicable coupon.
If the Notes are not called and Micron’s final share price on the July 15, 2027 final valuation date is at or above the downside threshold, set at 50.00% of the initial level, investors receive full principal back (and potentially a final coupon). If the final level is below the downside threshold, repayment is reduced one-for-one with Micron’s decline, and investors can lose all of their investment. The Notes are unsecured obligations of UBS, will not be listed on any exchange, have an issue price of $1,000 per Note, an estimated initial value between $938.50 and $968.50, and include underwriting compensation of up to $22.25 per Note, leaving proceeds to UBS of at least $977.75 per Note.
UBS AG is offering Capped Buffer GEARS linked to an equally weighted basket of three equity indices — the Dow Jones Industrial Average, Nasdaq-100 and Russell 2000 — maturing on February 11, 2027. Each $1,000 security provides 3.00x leveraged exposure to any positive basket return, but total upside is capped at a maximum gain of 12.85%, for a maximum payment of $1,128.50 per security.
The notes include a 10% downside buffer: if the basket finishes down but no more than 10% below its initial level, investors receive back the $1,000 principal. If the final basket level is more than 10% below the initial level, repayment is reduced dollar-for-dollar beyond the buffer, and investors can lose almost all of their investment. The securities pay no interest, are not listed on an exchange, and all payments depend on the creditworthiness of UBS AG.
UBS AG is offering Buffer 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 11, 2029. The Notes pay a contingent coupon at an annual rate of 8.25% (or $20.625 per $1,000 each quarter) only if, on an observation date, every index closes at or above its coupon barrier, set at 70% of its initial level. UBS may, at its discretion, call the Notes on any quarterly observation date (other than the final one) and repay principal plus any due coupon.
If the Notes are not called and, 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 according to the decline of the worst-performing index beyond the 30% buffer, and investors can lose almost all of their investment. All payments depend on UBS’s creditworthiness, and the Notes are not listed on any exchange.
UBS AG is offering principal-at-risk structured notes linked to the Class A common stock of Alphabet Inc. Each $1,000 security can pay a contingent coupon of $12.3917 per period, equivalent to approximately 14.87% per annum, for any determination date when Alphabet’s closing price is at or above the downside threshold of $251.47, which is 80% of the initial price of $314.34. A memory feature can make up missed coupons later if the threshold is met on a subsequent date.
The notes are auto-callable: if Alphabet closes at or above the call threshold of $314.34 (100% of the initial price) on any non-final determination date, investors receive early redemption equal to principal plus the current and any previously unpaid contingent coupons, and the investment ends.
If the notes are not redeemed early and Alphabet’s final price on January 7, 2027 is at or above $251.47, investors receive principal plus all due contingent coupons. If the final price is below $251.47, repayment is based on a leveraged downside formula (about 1.25% loss for each 1% drop below the threshold), so investors can lose some or all principal. The securities are unsecured obligations of UBS, are not listed on any exchange, and the estimated initial value is expected between $963.70 and $993.70 per $1,000.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Constellation Energy Corporation, maturing on January 10, 2028. These unsecured debt securities pay a contingent coupon 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 the initial level on any observation date before maturity, in which case investors receive the principal plus the applicable coupon and no further payments. If the notes are not called and the final stock level is at or above the downside threshold (set at 70% of the initial level in the hypothetical examples), investors receive full principal back, plus any final coupon when the 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 decline, and investors can lose all of their investment. A hypothetical structure shows a 19.55% per annum contingent coupon and an estimated initial value of $9.78 for notes issued at $10, with all payments subject to the credit risk of UBS.
UBS AG is offering $100,000 of Trigger Autocallable Contingent Yield Notes linked to Constellation Energy Corporation common stock, maturing January 10, 2028. These unsecured debt notes pay a contingent coupon 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 automatically called early if the 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 the applicable coupon and the notes terminate.
If the notes are not called and the final stock level on January 6, 2028 is at or above the downside threshold (70.00% of the initial level in the examples), investors receive full principal back, 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 negative return, and investors can lose all of their investment. The example terms show a 19.79% per annum contingent coupon rate and an estimated initial value of $9.78 per $10 Note. All payments depend on UBS’s credit; a UBS default could result in losing the entire investment.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Lennar Corporation, maturing on January 10, 2028. These unsecured debt securities can pay periodic contingent coupons only when Lennar’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 Lennar’s stock closes at or above the initial level on any observation date before final valuation, in which case investors receive the principal plus any due coupon and no further payments. If not called, full principal is repaid at maturity only if the final stock level is at or above a downside threshold; below that level, repayment is reduced in line with the stock’s decline and can fall to zero. Any payment depends on UBS’s credit. The notes are not listed, require a minimum $1,000 investment at $10 per note, and have an estimated initial value of $9.74 per note.
UBS AG is offering $100,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Texas Instruments Incorporated, scheduled to mature on January 10, 2028.
These $10 notes can pay periodic contingent coupons only when the stock closes at or above a coupon barrier set at 70.00% of the initial level 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 maturity, in which case investors receive 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 (also 70.00% of the initial level), investors receive full principal back, 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 all principal can be lost. All payments, including any automatic call or coupon, depend on UBS’s ability to meet its obligations. The estimated initial value is $9.72 per $10 note.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of lululemon athletica inc., maturing on January 10, 2028. These unsecured debt securities pay contingent coupons only if the stock closes at or above a preset coupon barrier on each observation date; otherwise no coupon is paid.
The notes are 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 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 their principal back at maturity. If the final level is below the downside threshold, repayment is reduced in line with the stock’s decline, and all principal can be lost.
The notes are subject to UBS’s credit risk, will not be listed on any exchange, and have a minimum investment of 100 notes at $10 per note. The estimated initial value is $9.74 per note based on UBS’s internal pricing models.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Constellation Energy Corporation, maturing on or about January 10, 2028. These unsecured debt obligations can pay periodic contingent coupons, but only if the stock closes at or above a preset coupon barrier on each observation date. UBS will automatically call the Notes before maturity if the stock closes at or above the initial level on any observation date, in which case investors receive principal plus the applicable contingent coupon and the Notes terminate.
If the Notes are not called and the stock’s final level on the January 6, 2028 valuation date is at or above a downside threshold, investors receive their principal back (plus any final contingent coupon). If the final level is below the downside threshold, repayment is reduced one-for-one with the stock’s decline, and investors can lose their entire investment. Any payment depends on UBS’s credit. The minimum investment is 100 Notes at $10 each, and the estimated initial value per Note is expected to be between $9.48 and $9.73.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Lennar Corporation, maturing on or about January 10, 2028. The Notes pay a contingent coupon on each observation date only if Lennar’s closing share price is at or above a specified coupon barrier; otherwise no interest is paid for that period. The Notes are automatically called early if Lennar’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 Lennar’s final share price on January 6, 2028 is at or above the downside threshold, investors receive full principal back; if it is below the threshold, repayment is reduced in line with the stock’s percentage decline, and the entire principal can be lost. An example shows an 11.47% per annum contingent coupon, a $0.2868 coupon per period on a $10 Note, and a downside threshold and coupon barrier at 70% of the initial level. The estimated initial value per $10 Note on the trade date is expected between $9.44 and $9.69, and all payments depend on UBS’s creditworthiness.