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 $3,107,000 of Trigger Callable Contingent Yield Securities linked to the worst performing of the Nasdaq-100, Russell 2000 and S&P 500 indices. Each $1,000 security pays a 9.50% per annum contingent coupon ($23.75 quarterly) only when all three indices close at or above 70% of their initial levels on the relevant observation date.
UBS can call the notes in whole on any coupon date before maturity, paying back principal plus any due coupon. If not called and each index finishes at or above its 70% trigger level at maturity, investors receive full principal plus any final coupon. If any index finishes below its trigger, repayment is reduced in line with the worst index’s loss, and investors can lose most or all of their principal. The notes are unsecured UBS obligations, not listed on an exchange, and their estimated initial value of $966.50 per $1,000 is below the issue price.
UBS AG is offering $8.33 million of Capped Leveraged Buffered Basket-Linked Medium-Term Notes due February 18, 2028, linked to an unequally weighted basket of five equity indices: EURO STOXX 50 (38%), TOPIX (26%), FTSE 100 (17%), Swiss Market Index (11%) and S&P/ASX 200 (8%).
The notes pay no interest. At maturity, investors receive $1,000 plus 250% of any positive basket return, capped at a maximum of $1,270 per $1,000, corresponding to a cap level of 110.80% of the initial basket level. If the basket falls up to 15% (down to the 85.00 buffer level), principal is returned. Below this buffer, losses are magnified: investors lose approximately 1.1765% of face amount for every 1% drop beyond the buffer and could lose their entire investment.
The estimated initial value is $997 per $1,000 based on UBS’ internal models. The notes are unsecured obligations of UBS AG, will not be listed on any exchange, offer no dividend exposure and may have limited or no secondary market liquidity.
UBS AG is offering $609,000 of Trigger Callable Contingent Yield Notes, each with a $1,000 principal amount, linked to the least performing of the Nasdaq-100® Technology Sector IndexSM and the Russell 2000® Index and maturing on June 28, 2027. The Notes pay a contingent coupon at a rate of 10.45% per annum only if, on each monthly observation date, both indices close at or above their coupon barriers, set at 70% of their initial levels. UBS can call the Notes in whole on any observation date after six months, paying principal plus any due coupon. If the Notes are not called and either index finishes below its downside threshold (also 70% of its initial level), investors receive less than principal, matching the negative return of the worst-performing index and potentially losing their entire investment. The Notes are unsecured obligations of UBS, and all payments depend on UBS’s credit. The estimated initial value is $981.20 per $1,000 Note.
UBS AG is offering $272,000 of Trigger Autocallable Contingent Yield Notes with Memory Interest linked to the least performing common stock of AbbVie Inc., Quest Diagnostics Incorporated and Altria Group, Inc., maturing on December 27, 2030.
The Notes pay a monthly contingent coupon of $7.3333 per $1,000 principal (an annual rate of 8.80% per annum) if on each coupon observation date all three stocks close at or above their coupon barriers, set at 50.00% of their initial levels. Quarterly, beginning after 6 months, the Notes are automatically called if all stocks are at or above their call threshold levels, set at 100.00% of initial, returning principal plus any due and previously unpaid coupons. If not called, principal is repaid at maturity only if each final stock level is at or above its downside threshold (also 50.00% of initial); otherwise, investors incur a loss matching the negative return of the worst-performing stock and could lose their entire investment. The Notes are unsecured obligations of UBS AG, not listed on any exchange, and have an estimated initial value of $955.70 per $1,000 Note.
UBS AG is offering $4,205,160 of Trigger Autocallable GEARS, unsecured notes linked to an equally weighted basket of 18 equities, at $10 per Security with a minimum $1,000 investment.
The notes can be automatically called on December 30, 2026 if the basket level is at or above the autocall barrier of 100% of the initial basket level, paying $11.10 per Security based on an 11.00% call return rate. If not called and held to December 27, 2030, investors receive enhanced upside equal to the positive basket return multiplied by 1.475 upside gearing, return of principal if the final basket level is at or above the 75% downside threshold, or a loss matching the negative basket return if it falls below that level, up to total loss of principal.
The Securities pay no interest, do not provide dividends on the underlying stocks, may have limited or no secondary market, and all payments depend on the creditworthiness of UBS. The estimated initial value is $9.542 per Security, lower than the $10 issue price due to fees, hedging and funding costs.
UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the SPDR S&P Regional Banking ETF (KRE), the Nasdaq-100 Technology Sector Index and the Russell 2000 Index, maturing around January 5, 2028.
The Notes pay a 10.85% per annum contingent coupon (about $9.0417 per $1,000 monthly) only if on each observation date all three underlying assets close at or above 70% of their initial level. UBS may call the Notes in whole, starting after six months, paying back principal plus any due coupon, with no further payments.
If not called and at maturity all underlyings are at or above 60% downside thresholds, holders receive principal back; if any is below its threshold, repayment is reduced one-for-one with the loss on the worst performer and can fall to zero. The Notes are unsecured obligations of UBS, not principal protected, not listed, and have an estimated initial value of $948.80–$978.80 versus a $1,000 issue price, reflecting fees and UBS’ internal funding rate. Underwriting compensation is up to $10 per Note.
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 around December 9, 2027.
The Notes pay a 10.60% per annum contingent coupon, in monthly installments of $8.8333 per $1,000 Note, only if on each observation date the closing level of every index is at or above its coupon barrier, set at 70.00% of its initial level.
UBS may call the Notes in whole, but not in part, on any monthly observation date beginning after 3 months, paying the $1,000 principal plus any due coupon. If not called and each index finishes at or above its downside threshold (also 70.00% of its initial level), investors receive full principal back; otherwise, repayment is reduced dollar-for-dollar with the negative return of the worst-performing index, and investors could lose their entire investment.
The issue price is $1,000 per Note, with per-Note proceeds to UBS of at least $992.75. The estimated initial value is expected between $954.10 and $984.10, and all payments depend on the creditworthiness of UBS.
UBS AG is offering $208,000 of Trigger Callable Contingent Yield Notes linked to the worst performer of the Dow Jones Industrial Average, Nasdaq-100 Technology Sector Index and Russell 2000 Index, maturing in November 2027. The Notes pay a 9.00% per annum contingent coupon (about $7.50 per month per $1,000) only if each index is at or above 70% of its initial level on the monthly observation dates. UBS can call the Notes in whole after three months, returning principal plus any due coupon, ending future payments. If the Notes are not called and every index finishes at or above its 70% downside threshold, investors receive principal back at maturity; if any index finishes below its threshold, repayment is reduced one-for-one with that index’s loss, up to a total loss of principal. The estimated initial value is $961.20 per $1,000, and all payments depend on UBS’s creditworthiness.
UBS AG is offering $662,000 of Trigger Callable Contingent Yield Notes linked to the worst performer among four market references: the Nasdaq-100 Technology Sector Index, the Russell 2000 Index, and the shares of the Energy Select Sector SPDR Fund (XLE) and Technology Select Sector SPDR Fund (XLK). The notes run to December 29, 2028, but UBS can call them in whole, at its discretion, on monthly observation dates starting after three months.
The notes pay a contingent coupon at a 13.75% per annum rate (about $11.4583 per $1,000 per month) only if on an observation date each underlying is at or above its coupon barrier, set at 70% of its initial level. If any underlying is below its barrier, no coupon is paid for that month.
If the notes are not called and, at maturity, every underlying is at or above its downside threshold (also 70% of initial), investors receive their $1,000 principal back. If any underlying finishes below its downside threshold, the payoff is reduced one-for-one with the decline of the worst underlying, and investors can lose all of their investment. All payments depend on UBS’s credit; the notes are unsecured, unsubordinated obligations, not insured deposits, and will not be listed on an exchange.
UBS AG is offering $2,500,000 of Trigger Callable Contingent Yield Notes linked to the least performing of the Nasdaq-100 Index®, Russell 2000® Index and S&P 500® Index, maturing on December 29, 2028.
The Notes pay a contingent coupon at a rate of 10.50% per annum ($8.75 per $1,000 Note per month) only if on an observation date the closing level of each index is at or above its coupon barrier, set at 70% of its initial level for each index. UBS may call the Notes in whole, beginning after three months, paying principal plus any 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 (also 70% of its initial level), investors receive the $1,000 principal per Note. If any index finishes below its downside threshold, repayment is reduced in line with the negative return of the least performing index, and investors can lose some or all of their initial investment.
The Notes are unsecured, unsubordinated obligations of UBS, subject to UBS’ credit risk and potential Swiss regulatory resolution powers, will not be listed on any exchange, and have an estimated initial value of $970.80 per $1,000 Note, below the issue price due to underwriting discounts, hedging and issuance costs.
UBS AG is offering $1,575,000 of Trigger Callable Contingent Yield Notes, issued at $1,000 per Note and maturing on December 29, 2028. The Notes are linked to the least performing of the Dow Jones Industrial Average®, Nasdaq-100® Technology Sector IndexSM and Russell 2000® Index.
Holders may receive a 10.20% per annum contingent coupon (paid monthly as $8.50 per Note) only when the closing level of each index is at or above its coupon barrier, set at 70% of the initial level. Principal is protected at maturity only if UBS does not call the Notes and each index finishes at or above its downside threshold, set at 60% of the initial level. Otherwise, repayment is reduced one-for-one with the loss of the worst-performing index, and all principal can be lost.
UBS may call the Notes on any monthly observation date beginning after three months, repaying principal plus any due coupon, ending future payments. The estimated initial value is $973.20 per Note, below the issue price, and UBS expects net proceeds of $1,563,975 after a $7 per Note underwriting discount. Payments depend on UBS’s credit, and the Notes will not be listed on an exchange.
UBS AG is offering $304,000 of Trigger Callable Contingent Yield Notes linked to the worst performer among the Nasdaq-100 Technology Sector Index, the Russell 2000 Index, the Energy Select Sector SPDR Fund (XLE) and the Technology Select Sector SPDR Fund (XLK), maturing on December 29, 2028.
The Notes pay a 12.10% per annum contingent coupon (about $10.0833 per $1,000 monthly) only when each underlying is 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, ending all future payments.
If the Notes are not called and any underlying finishes below its downside threshold at 60% of its initial level, repayment of principal is reduced one-for-one with the loss on the worst-performing underlying and can fall to zero. The estimated initial value is $981.10 per $1,000, and investors face both market risk on all four underlyings and UBS credit risk, with no exchange listing or dividend participation.
UBS AG is offering $1,953,000 of Trigger Callable Contingent Yield Notes linked to the least performing of the Nasdaq-100, Russell 2000 and S&P 500 Index, maturing June 28, 2027. Investors can receive monthly contingent coupons at an annual rate of 8.05% if on each observation date all three indexes close at or above 70% of their initial levels. UBS may 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 any index finishes below its 70% downside threshold, the repayment is reduced one-for-one with the loss of the worst-performing index and can fall to zero, meaning a total loss of principal. The notes are unsecured obligations of UBS, have an estimated initial value of $962.30 per $1,000 note, will not be listed on an exchange, and expose holders to both market risk of the indexes and UBS credit risk.
UBS AG, through its London Branch, is issuing $2,064,000 of Trigger Callable Contingent Yield Notes due December 29, 2028, linked to the least performing of the Nasdaq-100, Russell 2000 and S&P 500 indices. Each $1,000 note pays a contingent coupon at 8.55% per annum (monthly coupons of $7.125) only if on an observation date all three indices are at or above their coupon barriers, set at 75% of initial levels.
UBS may call the notes in whole on any monthly observation date starting after six months, paying principal plus any due coupon, after which no further payments are made. If the notes are not called and at maturity all indices are at or above their downside thresholds (set at 70% of initial levels), investors receive principal back; if any index is below its threshold, repayment is reduced in line with the worst index’s loss, up to a total loss of principal.
The notes are unsecured, unsubordinated obligations of UBS, are not insured, and will not be listed on an exchange. The estimated initial value is $945.60 per note, below the $1,000 issue price, reflecting underwriting discounts, hedging and funding costs. The product involves significant market, credit, liquidity and tax risks, and investors may receive few or no coupons and may lose a significant portion or all of their investment.
UBS AG is offering unsecured Trigger Autocallable Contingent Yield Notes linked to the common stock of Broadcom Inc., maturing on or about December 27, 2027. These notes pay a contingent coupon only if Broadcom’s closing level on each observation date is at or above a specified coupon barrier; otherwise no coupon is paid for that period. The notes may be automatically called early if Broadcom’s level on any observation date (before the final valuation 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 Broadcom’s final level is at or above the downside threshold, UBS repays principal at maturity (and a final contingent coupon if the coupon barrier is also met). If the final level is below the downside threshold, repayment is reduced in line with Broadcom’s decline, and investors can lose all of their initial investment. The minimum investment is 100 notes at $10 per note, and the estimated initial value is expected to be between $9.43 and $9.68, reflecting UBS’s internal pricing models. All payments are subject to the creditworthiness of UBS.
UBS AG is offering $471,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Fluor Corporation, maturing December 26, 2028. These unsecured debt notes can pay quarterly contingent coupons only when Fluor’s share price on an observation date is at or above a preset coupon barrier; if it is below, no coupon is paid for that period.
The notes may be automatically called as early as about six months after issuance if Fluor’s stock closes at or above the initial level on an observation date. In that case, investors receive the $10 principal per Note plus any due coupon, and the product terminates early.
If the notes are not called and, on the final valuation date, Fluor’s share price is at or above the downside threshold, investors receive full principal back, potentially with a final coupon. If it is below the downside threshold, repayment is reduced in line with the stock’s decline, and investors can lose all principal. The minimum investment is 100 Notes ($1,000), and the estimated initial value is $9.67 per $10 Note. All payments depend on UBS’s creditworthiness.
UBS AG is offering $500,000 of Trigger Autocallable Contingent Yield Notes linked to the VanEck Gold Miners ETF, maturing on December 28, 2026. The Notes pay a contingent coupon only when the ETF’s closing level on an observation date is at or above a preset coupon barrier, and they are automatically called early if the ETF is at or above its initial level on any observation date before maturity.
If the Notes are not called and the ETF is at or above the downside threshold on the final valuation date, investors receive back the $10 principal per Note, plus any final contingent coupon. If the final level is below the downside threshold, repayment is reduced in line with the ETF’s decline and can fall to zero, meaning total loss of principal. The estimated initial value is $9.76 per $10 Note, reflecting UBS’s internal pricing and funding. All payments depend on UBS’s credit; a default by UBS could result in losing the entire investment.
UBS AG is offering $300,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of NIKE, Inc., maturing on December 28, 2026. These unsecured debt notes may pay periodic contingent coupons only when NIKE’s closing stock price on a given 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 NIKE’s stock closes at or above the initial level on any observation date before maturity, in which case investors receive the $10 principal per Note plus any due coupon, and the product terminates. If not called, and NIKE’s final level is at or above the downside threshold, investors receive full principal at maturity, with a coupon if the barrier is also met. If the final level is below the downside threshold, repayment is reduced in line with NIKE’s decline, and investors can lose all of their investment.
The notes are issued at $10 per Note, with a minimum investment of 100 Notes ($1,000). Any payment depends 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 Fluor Corporation, maturing around December 26, 2028. These unsecured debt obligations can pay periodic contingent coupons, but only if Fluor’s share price on a given observation date is at or above a specified coupon barrier. If the share price meets or exceeds the initial level on an observation date before maturity, the Notes are automatically called and repay principal plus any due coupon, with no further payments.
If the Notes are not called and Fluor’s share price on the final valuation date is at or above a downside threshold, investors receive the $10 principal per Note. If it is below that threshold, repayment is reduced in line with Fluor’s negative return, and investors can lose most or all of their investment. The Notes are subject to UBS credit risk, are not insured, will not be listed on an exchange, and have an estimated initial value between $9.30 and $9.55 per $10 Note.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the shares of the VanEck Gold Miners ETF, maturing on or about December 28, 2026. Each Note has a principal amount of $10 and is an unsubordinated, unsecured debt obligation of UBS.
Investors may receive periodic contingent coupons, but only if the ETF’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 are automatically called if, on any observation date before maturity, the ETF’s level is at or above the initial level, in which case investors receive the principal plus any due coupon and no further payments.
If the Notes are not called and the ETF’s final level is at or above a downside threshold, investors receive their principal at maturity; if it is below that threshold, repayment is reduced in line with the ETF’s decline and investors can lose all of their initial investment. Any payment depends on UBS’s creditworthiness, the Notes are not FDIC insured or exchange-listed, and their estimated initial value is expected to be between $9.39 and $9.64 per $10 principal amount.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of NIKE, Inc., maturing on or about December 28, 2026. These unsecured debt obligations pay a contingent coupon only if NIKE’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 NIKE’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 contingent coupon and no further payments. If the notes are not called and NIKE’s final share price is at or above the downside threshold, investors receive back the principal at maturity; if it is below the downside threshold, repayment is reduced in line with NIKE’s percentage decline, and the entire principal can be lost.
The notes are issued in $10 denominations with a minimum $1,000 investment. The estimated initial value per $10 note on the trade date is expected to range from $9.41 to $9.66, and all payments are subject to the credit risk of UBS.
UBS AG is offering $692,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Micron Technology, Inc., maturing on December 27, 2027. The Notes pay a contingent coupon only when Micron’s share price on an observation date is at or above a specified coupon barrier, and they can be called early if the share price is at or above the initial level on any observation date before maturity.
If the Notes are not automatically called and Micron’s share price on the final valuation date is at or above a downside threshold, investors receive back the $10 principal per Note; if it is below that threshold, the repayment is reduced in line with the stock’s decline and can fall to zero. The minimum investment is 100 Notes (a $1,000 investment), and the estimated initial value is $9.82 per Note. All payments depend on UBS’s creditworthiness, and the Notes will not be listed on any securities exchange.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Micron Technology, Inc., maturing on or about December 27, 2027. These unsecured notes pay a contingent coupon only when Micron’s closing share price on an observation date is at or above a preset coupon barrier, and they are automatically called early if Micron’s price is at or above the initial level on any observation date before maturity.
If the notes are not called and Micron’s final level is at or above the downside threshold, investors receive the full $10 principal per note at maturity; if the final level is below the downside threshold, repayment is reduced in line with Micron’s decline and investors can lose their entire investment. The notes are not listed on any exchange, have a minimum investment of 100 notes at $10 each, and their estimated initial value is expected to range from $9.45 to $9.70 per $10 note, reflecting UBS’s internal pricing models and funding rate. All payments depend on the creditworthiness of UBS.
UBS AG is offering $123,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Freeport-McMoRan Inc., maturing on December 28, 2026. These unsecured, unsubordinated notes pay contingent coupons only when the stock closes at or above a preset coupon barrier on each observation date; otherwise no coupon is paid.
The notes can be automatically called before maturity if the stock closes at or above its initial level on an observation date, in which case investors receive the principal plus any due 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 their full principal; if it is below that threshold, repayment is reduced in line with the stock’s decline and investors can lose all of their investment. All payments depend on UBS’s credit, and the estimated initial value is $9.73 per $10 note.
UBS AG is offering unsecured Trigger Autocallable Contingent Yield Notes linked to the common stock of Oracle Corporation, maturing on or about December 26, 2028. The Notes pay a contingent coupon only if, on each quarterly observation date (including the final valuation date), the Oracle share price is at or above a predefined coupon barrier. If the Oracle share price is at or above the initial level on any observation date after an initial period, the Notes are automatically called and pay back principal plus the applicable contingent coupon, with no further payments.
If the Notes are not called and the Oracle share price on the final valuation date is at or above a downside threshold, investors receive the full principal at maturity. If it is below the downside threshold, repayment is reduced in line with the negative underlying return, and investors can lose their entire principal. Any payment depends on the creditworthiness of UBS. The Notes are offered in minimum investments of 100 Notes at $10 per Note and will not be listed on any exchange.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Zscaler, Inc., maturing on or about December 27, 2027. These unsecured debt obligations pay a contingent coupon only on observation dates when Zscaler’s share price is at or above a preset coupon barrier; otherwise no coupon is paid for that period.
The Notes feature an automatic call: if on any observation date before maturity Zscaler’s share price is at or above the initial level, UBS repays principal plus the applicable coupon and the Notes terminate. If not called, principal is repaid at maturity only if the final share price is at or above a downside threshold. If the final price is below this level, repayment is reduced in line with Zscaler’s percentage decline, and investors can lose all of their investment.
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.
UBS AG is offering unsecured Trigger Yield Notes linked to the common stock of Micron Technology, Inc., maturing on or about June 26, 2026. The Notes pay a coupon on each coupon payment date regardless of how the Micron share price performs.
At maturity, if Micron’s closing level on the final valuation date is at or above a downside threshold, investors receive the full $10 principal per Note plus the final coupon. If the final level is below the downside threshold, the cash payment per Note is reduced in line with the percentage decline in Micron from the initial level, and investors can lose some or all of their principal.
The Notes are unsubordinated debt obligations of UBS, not bank deposits and not insured, and all payments depend on UBS’s creditworthiness. 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 $9.64 and $9.89.
UBS AG is offering $624,000 of Trigger Autocallable Contingent Yield Notes linked to NVIDIA Corporation stock, maturing December 26, 2028. These unsecured UBS debt securities pay a contingent coupon only if NVIDIA’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 can be automatically called quarterly, beginning about six months after the trade date, if NVIDIA’s share price is at or above the initial level on an observation date. In that case, holders receive the $10 principal per Note plus any due coupon, and the notes terminate early.
If the notes are not called and NVIDIA’s final share price on the December 21, 2028 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 price is below the downside threshold, repayment is reduced in line with NVIDIA’s percentage decline, and holders can lose all of their investment. All payments depend on UBS’s credit, and the notes will not be listed on any exchange.
UBS AG is offering $510,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of NVIDIA Corporation, maturing on December 27, 2027. Each Note has a $10 principal amount and pays a contingent coupon on scheduled dates only if NVIDIA’s closing share price on the relevant observation date is at or above a preset coupon barrier.
The Notes are subject to an automatic call on quarterly observation dates beginning after 6 months if NVIDIA’s share price is at or above the initial level, in which case holders receive principal plus any due coupon and the Notes terminate. If the Notes are not called and NVIDIA’s final share price on the December 22, 2027 valuation date is at or above a downside threshold, investors receive their full principal; if it is below that threshold, repayment is reduced in line with NVIDIA’s negative return and can fall to zero.
The Notes are unsecured, unsubordinated obligations of UBS AG, are not bank deposits, are not insured by any government agency, and will not be listed on an exchange. The estimated initial value is $9.79 per $10 Note, reflecting UBS’ internal pricing models and funding rate, and all payments depend on UBS’ creditworthiness.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of NVIDIA Corporation, maturing on or about December 26, 2028. These unsecured debt notes pay a contingent coupon only if NVIDIA’s closing level on a quarterly observation date is at or above a preset coupon barrier; otherwise no coupon is paid for that period.
The notes can be called automatically each quarter beginning after about 6 months if NVIDIA’s level is at or above the initial level, in which case holders receive the $10 principal per note plus the applicable coupon and the notes terminate early. If not called and NVIDIA’s final level on the December 21, 2028 valuation date is at or above the downside threshold, investors receive their $10 principal back, plus a final coupon if the coupon barrier is met. If the final level is below the downside threshold, repayment is $10 times 1 plus the underlying return, exposing investors to the full downside and potentially a total loss of principal.
The hypothetical examples use a 3‑year term, an 11.33% per annum coupon rate with $0.2833 quarterly coupons, and both the coupon barrier and downside threshold at 60% of the initial level. The notes are offered in minimums of 100 notes at $10 each, are not listed on any exchange, settle T+2, and have an estimated initial value between $9.37 and $9.62 per note. All payments depend on the creditworthiness of UBS AG.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of NVIDIA Corporation, maturing on or about December 27, 2027. Each Note has a principal amount of $10, with a minimum investment of 100 Notes (a $1,000 investment). These are unsecured, unsubordinated debt obligations of UBS.
The Notes pay a contingent coupon only if NVIDIA’s closing share price on a quarterly observation date is at or above a coupon barrier; otherwise, no coupon is paid for that period. The Notes are automatically called if NVIDIA’s closing price on an observation date 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 NVIDIA’s final level is at or above a downside threshold, investors receive full principal at maturity (and a final coupon if the barrier is met). If the final level is below the downside threshold, repayment is reduced in line with the stock’s decline and can result in a total loss of principal. All payments depend on the creditworthiness of UBS. The estimated initial value per Note is expected to be between $9.42 and $9.67.
UBS AG is issuing $400,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Alphabet Inc., maturing on December 26, 2028. These are unsubordinated, unsecured debt obligations of UBS, not bank deposits and not FDIC insured.
Investors receive contingent coupons only on dates when Alphabet’s share price is at or above a preset coupon barrier. The notes can be called early if Alphabet’s stock closes at or above the initial level on specified quarterly observation dates, in which case UBS repays principal plus any due coupon and the notes terminate.
If the notes are not called and Alphabet’s final stock level on the valuation date is at or above a downside threshold, investors receive full principal back at maturity. If the final level is below that threshold, repayment is reduced in line with Alphabet’s percentage decline, and investors can lose some or all of their initial investment. All payments depend on UBS’s credit, and the notes will not be listed on any exchange.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Alphabet Inc., maturing on or about December 26, 2028. Each Note has a $10 principal amount, with a minimum investment of 100 Notes, or $1,000. Investors may receive periodic contingent coupons only when Alphabet’s closing level on an observation date is at or above a specified coupon barrier.
The Notes can be automatically called quarterly beginning after six months if Alphabet’s level is at or above the initial level, returning principal plus any due coupon, with no further payments. If the Notes are not called and Alphabet’s final level is at or above the downside threshold, investors receive their principal back at maturity; if it is below, repayment is reduced in line with the stock’s decline, and all principal can be lost.
The Notes are unsecured, unsubordinated obligations of UBS, not bank deposits, not FDIC insured, and will not be listed on any securities exchange. The estimated initial value per Note is expected to be between $9.36 and $9.61, based on UBS’ internal pricing models.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Intel Corporation, maturing on or about December 27, 2027. These unsecured debt notes can pay periodic contingent coupons, but only if Intel’s closing share price on an observation date is at or above a preset coupon barrier.
The notes are automatically called early if Intel’s stock closes at or above the initial level on any observation date before maturity, in which case investors receive their principal plus the applicable contingent coupon, with no further payments. If the notes are not called and the final stock level is at or above a downside threshold on the final valuation date, investors receive their full principal back, plus any final contingent coupon if the coupon barrier is also met.
If the final stock level is below the downside threshold, repayment is reduced in line with the stock’s percentage decline, and investors can lose some or all of their initial investment. Any payments depend on the creditworthiness of UBS. The minimum investment is 100 notes at $10 per note, and the estimated initial value per note on the trade date is expected to be between $9.43 and $9.68.
UBS AG is offering $3,285,000 of Trigger Autocallable Contingent Yield Notes linked to the least performing of the S&P 500 Index and the Russell 2000 Index, due June 27, 2029. These unsecured debt securities pay a contingent coupon at a rate of 7.75% per annum only if, on an observation date, the closing level of each index is at or above its coupon barrier, set at 70% of its initial level. The notes are automatically called, starting after nine months, if on a monthly observation date each index is at or above its call threshold, which equals 100% of its initial level, returning principal plus the applicable contingent coupon.
If the notes are not called and on the final valuation date each index is at or above its downside threshold, set at 60% of its initial level, investors receive full principal back (and a final coupon if barriers are met). If any index finishes below its downside threshold, repayment is reduced in line with the decline of the worst-performing index, and investors can lose most or all of their investment. Any payment depends on UBS’s creditworthiness, and there is no exchange listing or assured secondary market.
UBS AG is issuing $1,513,000 of Trigger Callable Contingent Yield Notes linked to the common stock of Alcoa Corporation, maturing on December 28, 2027. Each Note has a $1,000 principal amount and pays a contingent coupon of 14.90% per annum ($37.25 per quarter) only if Alcoa’s share price on the relevant observation date is at or above the coupon barrier of $26.86, which is 50% of the initial level of $53.72.
UBS may, at its discretion, call the Notes in whole on any quarterly observation date beginning after six months, returning principal plus any due coupon, with no further payments. If the Notes are not called and Alcoa’s price on the final valuation date is at or above the downside threshold of $26.86, investors receive their $1,000 principal back.
If the Notes are not called and Alcoa’s final share price is below the downside threshold, investors receive 18.6150 Alcoa shares per Note (with cash for fractions), which may be worth significantly less than $1,000, leading to a substantial or total loss. Payments depend on UBS’s credit; if UBS defaults, investors could lose their entire investment. The estimated initial value is $987.00 per Note, below the $1,000 issue price.
UBS AG is offering $1,667,000 of Trigger Autocallable Notes linked to the least performing of the Nasdaq-100 Index®, Russell 2000® Index and S&P 500® Index, maturing on December 27, 2030. The notes are unsecured, unsubordinated debt of UBS AG London Branch and pay no interest.
UBS will automatically call the notes if on any semiannual observation date the closing level of each index is at or above its call threshold, set at 100% of its initial level. If called, investors receive $1,000 principal plus a call return based on a 9.25% per annum call return rate, with call prices ranging from $1,092.50 after one year up to $1,462.50 at maturity.
If the notes are not called and on the final valuation date each index is at or above its downside threshold of 70% of its initial level, investors receive $1,000 per note. If at least one index is below its downside threshold, repayment is reduced to $1,000 multiplied by 1 plus the return of the worst-performing index, and investors can lose some or all of their principal. The notes are not listed, the estimated initial value is $955.40 per $1,000, and all payments depend on UBS’s creditworthiness.
UBS AG is offering $3,000,000 of Trigger Callable Contingent Yield Notes, unsecured debt linked to the least performing of the Nasdaq-100 Index®, Russell 2000® Index and EURO STOXX 50® Index, maturing on June 24, 2027. Investors may receive a contingent coupon at a rate of 13.85% per annum, paid monthly, but only if on each observation date all three indexes close at or above their respective coupon barriers set at 65% of initial levels.
UBS can call the notes in whole, beginning after six months, paying back principal plus any due coupon, ending further payments. If the notes are not called and a “trigger event” occurs at any time during the observation period (any index closing below its downside threshold at 70% of initial level) and on the final valuation date any index finishes below its initial level, repayment is reduced one-for-one with the worst-performing index, and investors can lose up to all principal.
Payments depend entirely on UBS’s credit; default could result in full loss. The notes will not be listed, and the estimated initial value is $981.40 per $1,000 note, below the issue price due to fees, hedging and funding costs.
UBS AG is offering Contingent Income Auto-Callable Securities maturing around December 29, 2028, linked to the worst performer of Broadcom, Alphabet Class A and Netflix common stocks. Each security has a $1,000 principal amount and may pay a contingent coupon of $16.3334 per determination date (about 19.60% per annum) if all three stocks close at or above 60% of their initial prices. Beginning with the sixth monthly determination date, the notes auto-call if all three stocks are at or above 100% of their initial prices, returning principal plus the applicable coupon. If held to maturity and any stock finishes below 50% of its initial price, repayment is reduced one-for-one with the worst performer’s loss, potentially down to zero. Investors do not receive dividends or upside participation, face UBS credit risk, limited liquidity, and an estimated initial value between $902.70 and $932.70 per $1,000.
UBS AG is offering trigger callable contingent yield notes linked to the worst performer of the Nasdaq-100, Russell 2000 and S&P 500, maturing around January 3, 2028. The notes pay a 10.75% per annum contingent coupon, but only for months when all three indices close at or above their coupon barriers, set at 75% of each initial level.
UBS can call the notes in whole on any monthly observation date starting after six months, paying back principal plus any due coupon, ending all future payments. If the notes are not called and, at maturity, all three indices finish at or above their downside thresholds (70% of initial levels), investors receive full principal. If any index finishes below its downside threshold, the payoff is reduced by the full negative return of the worst-performing index, and investors can lose up to their entire investment.
The notes are unsecured debt of UBS, are not FDIC insured, are expected to be sold at $1,000 per note, and will not be listed on an exchange. An estimated initial value between $960.30 and $990.30 reflects embedded fees, funding and hedging costs.
UBS AG is offering $2.295 million of trigger autocallable notes linked to the worst performer among the Nasdaq-100 Index, the S&P 500 Index and the Energy Select Sector SPDR Fund, maturing in December 2030. Each note has a $1,000 principal amount and pays no interest.
The notes can be automatically called quarterly, starting after 12 months, if on an observation date all three underlyings close at or above 100% of their initial levels. In that case, investors receive the principal plus a call return based on a 12.50% per annum call return rate, up to a maximum call price of $1,625 at maturity.
If the notes are not called and, on the final valuation date, each underlying is at or above 70% of its initial level, investors receive only their $1,000 principal. If any underlying finishes below 70% of its initial level, repayment is reduced one-for-one with the decline of the worst performer, and investors can lose all of their investment. All payments depend on UBS’s credit, and the estimated initial value is $947.60 per note, below the $1,000 issue price.
UBS AG is offering $1,677,000 of Trigger Autocallable Contingent Yield Notes linked to the least performing of the SPDR S&P Regional Banking ETF (KRE), the Nasdaq-100 Index and the S&P 500 Index, maturing in December 2030. The Notes pay a contingent coupon at an annual rate of 8.40% (or $7.00 per $1,000 Note per month) only if, on a monthly observation date, each underlying is at or above its coupon barrier, set at 70% of its initial level. The notes can be automatically called after 12 months if all underlyings are at or above 100% of their initial levels, returning principal plus the applicable coupon.
If the Notes are not called and, at maturity, every underlying is at or above its downside threshold (70% of its initial level), investors receive full principal back. If any underlying finishes below its downside threshold, the payoff is reduced one-for-one with the loss on the worst performer, and investors can lose their entire investment. The Notes are unsecured UBS obligations, not deposits, not FDIC-insured, and their value depends on UBS’s credit.
UBS AG is offering $1,104,000 of Trigger Autocallable Contingent Yield Notes linked to the worst performer of the Nasdaq-100 Index, S&P 500 Index and Energy Select Sector SPDR Fund, maturing in December 2030. The notes pay a contingent coupon of 7.80% per annum ($6.50 per $1,000 monthly) only if on each observation date all three underlyings stay at or above 70% of their initial levels; otherwise no coupon is paid.
Starting after 12 months, if all underlyings are at or above 100% of their initial levels on a quarterly call date, the notes are automatically redeemed at par plus any due coupon. If they are never called and any underlying finishes below its 70% downside threshold, principal is reduced one-for-one with the worst performer and can fall to zero. The notes are unsecured UBS debt, not FDIC insured, have limited liquidity, and an estimated initial value of $945.40 per $1,000 due to 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®, Nasdaq-100® Technology Sector IndexSM and Russell 2000® Index. The Notes pay a monthly contingent coupon at a rate of 10.20% per annum only if, on each observation date, all three indexes are at or above 70% of their initial level; otherwise no coupon is paid.
UBS may call the Notes in whole on any monthly observation date beginning after three months, paying principal plus any due coupon, after which no further payments occur. If the Notes are not called and, at maturity, all three indexes are at or above 60% of their initial level, investors receive full principal back. If any index is below its 60% downside threshold, repayment is reduced in line with the worst index’s loss, and investors could lose their entire investment.
The Notes are unsecured, unsubordinated obligations of UBS, are not bank deposits, will not be listed on an exchange, and all payments depend on UBS’s credit. The estimated initial value is expected to be between $957.70 and $987.70 per $1,000 issue price, reflecting internal funding and distribution costs.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Broadcom Inc., maturing on or about December 27, 2027. These unsecured debt notes pay a contingent coupon only if the Broadcom share price on each observation date is at or above a specified coupon barrier; otherwise no coupon is paid. The notes are automatically called early if Broadcom’s closing level on any observation date before maturity is at or above the initial level, in which case investors receive principal plus any due coupon and the notes terminate. If the notes are not called and Broadcom’s final level on the valuation date is at or above the downside threshold, investors receive full principal at maturity, 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 investors can lose all of their investment. 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 $9.48 and $9.73.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of lululemon athletica inc., maturing on December 27, 2027. These unsecured debt securities pay a contingent coupon only when lululemon’s closing share price on a quarterly observation date is at or above a preset coupon barrier; otherwise no coupon is paid for that period. The notes can be automatically called after 12 months if the stock is at or above its initial level, in which case holders receive principal plus any due coupon and the notes terminate early.
If the notes are not called and the stock is at or above a downside threshold on the final valuation date, UBS repays the $10 per Note principal. If the stock finishes below that threshold, repayment is reduced in line with the stock’s decline and can fall to zero, meaning a complete loss of the initial investment. Payments depend on UBS’s credit, the notes will not be listed on an exchange, the minimum investment is 100 Notes (total $1,000), and the estimated initial value is $9.75 per Note.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of lululemon athletica inc., maturing on or about December 27, 2027. Each Note has a $10 principal amount, with a minimum investment of 100 Notes. Investors receive a contingent coupon on each quarterly observation date only if lululemon’s share price is at or above a specified coupon barrier; otherwise no coupon is paid.
The Notes may be automatically called if the stock closes at or above its initial level on any observation date after 12 months, in which case investors receive principal plus the applicable coupon and the Notes terminate early. If the Notes are not called and the final stock level is at or above the downside threshold, investors receive full principal at maturity; if it is below, repayment is reduced in line with the stock’s decline and can result in a total loss of principal. Payments depend entirely on the creditworthiness of UBS, and the Notes will not be listed on any exchange. The estimated initial value is expected to be between $9.41 and $9.66 per $10 Note.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Snowflake Inc., maturing on or about December 27, 2027. These unsecured debt obligations pay a contingent coupon only if Snowflake’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 Snowflake’s price on any observation date before maturity is at or above the initial level, in which case investors receive the principal plus the applicable contingent coupon and the notes terminate. If the notes are not called and Snowflake’s final price is at or above the downside threshold, investors receive full principal back at maturity. If the final price is below the downside threshold, repayment is reduced in line with the share price decline, and investors can lose all of their initial investment.
The notes are issued in $10 denominations with a minimum investment of 100 notes. An illustrative example shows a contingent coupon rate of 13.14% per annum and notes that the estimated initial value is expected to be between $9.49 and $9.74 per note. All payments depend on the creditworthiness of UBS, and the notes will not be listed on any exchange.
UBS AG is offering $555,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Vistra Corp., maturing on December 27, 2027. These unsecured debt notes pay a contingent coupon only if Vistra’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 before maturity if the stock closes at or above its initial level on any observation date, in which case investors receive the principal plus any due coupon and the investment ends. If the notes are not called, principal is repaid at maturity only if the final stock level is at or above a downside threshold; if it is below, repayment is reduced in line with the stock’s percentage decline, and investors could lose their entire investment. The minimum investment is 100 notes at $10 each, and the estimated initial value is $9.85 per note, reflecting UBS’s internal pricing and funding. All payments depend on UBS’s credit and the notes will not be listed on any exchange.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Vistra Corp., maturing on or about December 27, 2027. These unsecured debt notes can pay contingent coupons only when Vistra’s share price on an observation date is at or above a preset coupon barrier; otherwise no coupon is paid. The notes are automatically called early if Vistra’s share price on any observation date before maturity is at or above the initial level, returning principal plus the due coupon, with no further payments.
If the notes are not called and Vistra’s final share level is at or above a downside threshold, investors receive only the principal at maturity. If the final level is below that threshold, repayment is reduced in line with the share price decline, and investors can lose all of their initial investment. The notes are sold at $10 per note, with a minimum of 100 notes, and UBS estimates the initial value per note will be between $9.48 and $9.73. All payments depend on UBS’s credit.