ETRACS Alerian MLP Index ETN Series B due July 18, 2042 424B Filings

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Advanced Micro Devices, Inc. The Notes pay contingent coupons only if observation-date closing levels meet the coupon barrier and may be automatically called early if an observation-date closing level meets or exceeds the initial level.

If not called, principal is repaid at maturity only if the final level is at or above the downside threshold; otherwise principal is reduced proportionally to the underlying return. Trade date is June 30, 2026, settlement July 2, 2026, final valuation date June 29, 2028, and maturity July 3, 2028.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Chipotle Mexican Grill common stock due July 3, 2028. The Notes pay periodic contingent coupons only if the underlying closing level on an observation date meets or exceeds the coupon barrier, and will be automatically called early if the underlying meets or exceeds the initial level on any observation date prior to the final valuation date. If not called, principal repayment at maturity is contingent: full principal is paid if the final level is at or above the downside threshold; if below, repayment is reduced proportionally to the underlying return, creating potential for significant or total loss. Key numeric terms in this document include a principal amount of $10 per Note, an illustrative contingent coupon rate of 14.39% per annum (contingent coupon $0.3598 per quarter in the example), a downside threshold of $65.00 (65.00% of the initial level), an estimated initial value of $9.85, trade date June 30, 2026, final valuation date June 29, 2028 and maturity July 3, 2028. All payments are subject to UBS credit risk and the Notes are not bank deposits or FDIC insured.

UBS AG priced a preliminary offering of Trigger Autocallable Contingent Yield Notes linked to the common stock of Meta Platforms, Inc. The Notes pay periodic contingent coupons only if observation-date closing levels meet a coupon barrier and may auto-call early if the underlying equals or exceeds the initial level on an observation date.

If not called, principal repayment at maturity is contingent: if the final level is at or above the downside threshold, UBS will repay the $10 principal; if below, repayment equals $10 x (1 + underlying return), exposing holders to downside loss up to the full principal. Payments depend on UBS's creditworthiness. Trade date is June 30, 2026, settlement July 2, 2026, final valuation June 29, 2028, maturity July 3, 2028.

UBS AG offers Trigger Autocallable Contingent Yield Notes linked to the common stock of Vistra Corp. The Notes pay periodic contingent coupons only if the underlying stock on observation dates meets the coupon barrier and will be automatically called early if the stock equals or exceeds the initial level on an observation date. If not called, principal is repaid at maturity only if the final level is at or above the downside threshold; if the final level is below that threshold, repayment is reduced in proportion to the underlying return and investors can lose a substantial portion or all of their investment. Trade date is June 30, 2026, settlement July 2, 2026, final valuation date June 28, 2029, and maturity July 2, 2029. The Notes have a $10 principal amount per Note, an estimated initial value range of $9.34–$9.59 per Note, and any payments remain subject to UBS credit risk.

UBS AG is marketing a preliminary offering of Trigger Autocallable Contingent Yield Notes linked to the common stock of NVIDIA Corporation, maturing on July 2, 2029. The notes pay contingent coupons only if specified observation-date barriers are met and can be automatically called early if the underlying meets the initial level.

The notes have a principal amount of $10 per Note, a minimum purchase of 100 Notes (representing $1,000), and an estimated initial value range of $9.36 to $9.61 as of the trade date. Payments, including principal at maturity, are subject to the creditworthiness of UBS.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of GE Vernova Inc., with a preliminary pricing supplement dated June 30, 2026. The Notes mature on or about July 3, 2028 with a final valuation date of June 29, 2028, and include an automatic call feature, periodic contingent coupons tied to observation‑date barriers, and contingent principal repayment at maturity based on the final level relative to a downside threshold.

The Notes are unsecured obligations of UBS AG; any payments, including contingent coupons and principal, are subject to UBS’s creditworthiness. The offering is preliminary: final terms (including coupon barrier, downside threshold, and other mechanics) will be set on the trade date, June 30, 2026, with settlement expected July 2, 2026. Examples in the supplement show a $10 principal amount per Note, minimum purchase of 100 Notes ($1,000), an estimated initial value range of $9.48–$9.73, and illustrative contingent coupon metrics.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Apollo Global Management common stock due July 3, 2028. The Notes pay a contingent coupon on each coupon payment date only if the closing level of the underlying asset on the corresponding observation date is equal to or above the coupon barrier; otherwise no coupon is paid. The Notes will autocall early if the underlying asset closes at or above the initial level on any observation date prior to the final valuation date, in which case holders receive principal plus any contingent coupon on the related call settlement date. If not autocalled, repayment at maturity depends on the final level relative to the downside threshold: if the final level is at or above the downside threshold, you receive principal; if below, you receive a reduced cash payment equal to $10 multiplied by (1 + underlying return), potentially losing a significant portion or all of your investment. All payments, including any contingent coupons or principal, are subject to the creditworthiness of UBS.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Stanley Black & Decker, Inc., due July 3, 2028. The Notes pay periodic contingent coupons only if the underlying stock closes at or above the coupon barrier on observation dates. The Notes will be automatically called early if the underlying closes at or above the initial level on any observation date prior to the final valuation date, in which case investors receive principal plus any contingent coupon due on the applicable call settlement date. If not called, principal is repaid at maturity only if the final level is at or above the downside threshold; if the final level is below that threshold, repayment at maturity will be reduced proportionally to the underlying return and investors could lose a significant portion or all of their investment. Payments are subject to UBS creditworthiness. Trade date is June 30, 2026, settlement July 2, 2026, final valuation date June 29, 2028 and maturity July 3, 2028. The estimated initial value on the trade date is $9.78 per $10 Note.

The issuer UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of the company referenced by symbol AMUB. Each Note has a $10 principal amount and matures on July 2, 2027. The Notes pay a contingent coupon on scheduled coupon payment dates only if the closing level of the underlying asset on an observation date is equal to or greater than the coupon barrier; otherwise no coupon is paid. The Notes will be automatically called early if the underlying closes at or above the initial level on any observation date prior to the final valuation date, in which case holders receive principal plus any contingent coupon then due. If not called, repayment at maturity depends on the final level relative to the downside threshold: if the final level is below that threshold, holders suffer a loss equal to the underlying return and could lose all principal. Trade Date is June 30, 2026, Settlement Date July 2, 2026, Final Valuation Date June 30, 2027. The estimated initial value per Note on the trade date is $9.78, and the minimum investment is 100 Notes ($1,000).

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Chipotle Mexican Grill, Inc. The trade date is June 30, 2026, settlement is July 2, 2026, final valuation date is June 29, 2028, and maturity is July 3, 2028. Each Note has a $10 principal amount and a minimum investment of 100 Notes.

The Notes may pay periodic contingent coupons only if the underlying closing level meets or exceeds a coupon barrier on observation dates; they will autocall early if the underlying closes at or above the initial level on an observation date. If not called, principal repayment at maturity is contingent on the final level relative to a downside threshold. The preliminary example shows an estimated initial value between $9.49 and $9.74 and illustrates potential outcomes including full principal loss if the final level falls sufficiently.

UBS AG is offering $400,000 of Trigger Autocallable Contingent Yield Notes linked to Eli Lilly common stock, due July 3, 2028. The Notes pay contingent coupons only if the underlying stock closes at or above the coupon barrier on observation dates and may be automatically called early if the stock closes at or above the initial level on any observation date prior to the final valuation date. If not called and the final level is below the downside threshold, principal repayment at maturity is contingent and may be reduced proportionally to the decline in the underlying (in extreme cases you could lose your entire investment). Payments, including any principal repayment, are subject to UBS’s creditworthiness. Trade date is June 30, 2026, settlement July 2, 2026, final valuation date June 29, 2028, and maturity July 3, 2028. The estimated initial value as of the trade date is $9.85 per Note and the Notes are offered at a minimum investment of 100 Notes at $10 per Note.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Apollo Global Management, Inc. The preliminary pricing supplement dated June 30, 2026 sets trade and settlement conventions and describes contingent coupons, an automatic call feature and contingent principal repayment at maturity. The Notes have a principal amount of $10 per Note, an expected trade date of June 30, 2026, expected settlement on July 2, 2026, a final valuation date of June 29, 2028 and expected maturity on July 3, 2028. Contingent coupons are paid only if the underlying stock closes at or above the coupon barrier on observation dates; otherwise no coupon is paid. If an observation date meets or exceeds the initial level, the Notes will be automatically called and you receive principal plus any contingent coupon on the related call settlement date. If not called, principal repayment at maturity is contingent: if the final level is below the downside threshold, repayment is reduced pro rata to the underlying return and you could lose a substantial portion or all of your investment. Payments depend on UBS creditworthiness. The preliminary document provides estimated initial values and example payout scenarios; final terms and exact pricing will be set on the trade date.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Stanley Black & Decker, Inc. in a preliminary pricing supplement. The Notes pay contingent coupons only if the underlying's closing level meets a coupon barrier on observation dates and may autocal

The trade date is June 30, 2026, expected settlement is July 2, 2026, the final valuation date is June 29, 2028, and expected maturity is July 3, 2028. Denomination is $10 per Note with a minimum purchase of 100 Notes ($1,000). The preliminary estimated initial value range is $9.42 to $9.67. The offering is subject to delivery of final Offering Documents and is contingent on UBS creditworthiness.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of the underlying asset, with a preliminary trade date of June 30, 2026, expected settlement on July 2, 2026, a final valuation date of June 30, 2027 and expected maturity on July 2, 2027. The Notes pay periodic contingent coupons only if the underlying closes at or above a coupon barrier on observation dates and are automatically called if the underlying closes at or above the initial level on any observation date prior to maturity. If not called, principal is repaid at maturity only if the final level is at or above a disclosed downside threshold; otherwise repayment is reduced proportionally to the underlying return and full loss of principal is possible. The Notes are unsecured obligations of UBS AG, subject to UBS credit risk, offered in minimum blocks of 100 Notes at $10 per Note, and have an estimated initial value range of $9.52 to $9.77 as of the trade date.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of the referenced issuer, maturing July 3, 2028. The Notes pay a contingent coupon on coupon payment dates only if the closing level of the underlying asset on the related observation date is at or above the coupon barrier; otherwise no coupon is paid. The Notes are subject to an automatic call if the underlying closes at or above the initial level on any observation date prior to the final valuation date, in which case holders receive principal plus any contingent coupon then due and the Notes terminate. If not called, repayment at maturity depends on the final level: if the final level is at or above the downside threshold, holders receive the principal amount; if below, holders receive an amount equal to $10 times (1 + underlying return), which can result in a substantial loss or a total loss of the principal. The Notes are unsecured obligations of UBS and all payments depend on UBS creditworthiness. Trade date is June 30, 2026 and settlement is expected on July 2, 2026. The estimated initial value per Note is $9.78 and the minimum investment is 100 Notes ($1,000).

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Freeport-McMoRan Inc. The Notes pay periodic contingent coupons only if the underlying's closing level on observation dates meets or exceeds a coupon barrier and may be automatically called early if the underlying equals or exceeds the initial level on an observation date. The Notes have a $10 principal amount, a minimum investment of 100 Notes ($1,000), an estimated initial value of $9.68, a final valuation date of June 28, 2029 and a maturity date of July 2, 2029. If not called and the final level is below the downside threshold, repayment at maturity may be less than principal and can result in substantial or total loss of principal; all payments are subject to UBS's creditworthiness.

UBS AG is offering preliminary Trigger Autocallable Contingent Yield Notes linked to the common stock of Eli Lilly and Company, as described in a Preliminary Pricing Supplement dated June 30, 2026. The Notes have an expected term of approximately 2 years with a principal amount of $10 per Note and feature periodic contingent coupons, an automatic call if the underlying closes at or above the initial level on an observation date, and contingent repayment of principal at maturity tied to the underlying's final level. The estimated initial value range on the trade date is $9.48 to $9.73 per Note; the final terms will be set on the trade date and payments remain subject to UBS's creditworthiness.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of an underlying Incorporated entity, with a trade date of June 30, 2026, expected settlement on July 2, 2026, a final valuation date of June 29, 2028, and expected maturity of July 3, 2028. The Notes pay periodic contingent coupons only if the underlying's closing level on each observation date equals or exceeds a coupon barrier; they autocall early if the underlying equals or exceeds the initial level on an observation date. If not called, principal is repaid at maturity only if the final level is at or above a downside threshold; if below, principal is reduced proportionally to the underlying return and investors can lose a significant portion or all of their investment. Minimum purchase is 100 Notes at $10 per Note. The estimated initial value range is $9.40 to $9.65 per Note. All payments are subject to UBS credit risk.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Blackstone Inc. The Notes pay periodic contingent coupons only if the underlying closing level meets a coupon barrier on observation dates and will be automatically called early if the underlying closes at or above the initial level on any observation date. If not called, principal repayment at maturity is contingent on the final level relative to a downside threshold; a final level below that threshold exposes investors to a loss equal to the underlying return, potentially losing all principal. Trade and settlement are June 30, 2026 and July 2, 2026, with final valuation and maturity around June 30, 2027 and July 2, 2027. The Notes have an estimated initial value of $9.70 per $10 Note and a minimum investment of 100 Notes ($1,000). All payments are subject to UBS credit risk.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Freeport-McMoRan Inc. with trade date June 30, 2026, expected settlement July 2, 2026 and maturity on or about July 2, 2029. The Notes pay a contingent coupon only when the underlying closes at or above a coupon barrier on an observation date and are automatically called if the underlying closes at or above the initial level on any observation date prior to maturity.

The Notes repay $10 principal per Note at maturity only if the final level is at or above the downside threshold; if the final level is below that threshold, repayment will be reduced pro rata to the underlying return and investors could lose a substantial portion or all of their investment. The estimated initial value range is $9.33–$9.58 per Note and the minimum investment is 100 Notes ($1,000).

UBS AG is offering $6,017,500 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Texas Instruments Incorporated, maturing July 3, 2028. The Notes pay a contingent coupon on each coupon payment date only if the closing level of the underlying meets or exceeds the coupon barrier on the observation date; otherwise no coupon is paid. The Notes may be automatically called on any quarterly observation date (beginning after six months) if the closing level is at or above the initial level, in which case investors receive principal plus any contingent coupon then due. If not called, repayment at maturity is contingent: if the final level is below the downside threshold ($50.00, equal to 50.00% of the initial level in the example), principal may be reduced and investors can incur losses up to the full principal amount. The estimated initial value was $9.79 per Note; minimum purchase is 100 Notes ($1,000).

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Blackstone Inc. The preliminary pricing supplement dated June 30, 2026 describes notes with a principal amount of $10 per Note, an expected trade date of June 30, 2026, settlement on July 2, 2026, a final valuation date of June 30, 2027 and maturity on or about July 2, 2027. The notes pay periodic contingent coupons only if the underlying closing level meets or exceeds the coupon barrier on an observation date and are automatically called if the underlying closing level equals or exceeds the initial level on an observation date prior to maturity. If not called, principal repayment at maturity is contingent: full principal is paid if the final level is equal to or greater than the downside threshold; otherwise repayment is reduced proportionally to the underlying return and could result in substantial or total loss of principal. The estimated initial value range is $9.44 to $9.69 per Note. The offering is subject to delivery of final offering documents and is dependent on UBS creditworthiness.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Texas Instruments Incorporated with a trade date of June 30, 2026, expected settlement on July 2, 2026, a final valuation date of June 29, 2028 and maturity on July 3, 2028. The Notes pay a periodic contingent coupon only when the underlying stock closes at or above the coupon barrier on an observation date; otherwise no coupon is paid. The Notes are subject to an automatic call on any quarterly observation date (beginning ~6 months after the trade date) if the underlying closes at or above the initial level, in which case holders receive principal plus any contingent coupon then due and the Notes terminate early. If not called, principal is repaid at maturity only if the final level is at or above the downside threshold; if the final level is below that threshold, redemption is reduced pro rata to the underlying return and investors may lose a substantial portion or all of their investment. The Notes are unsecured obligations of UBS and payments depend on UBS's creditworthiness.

UBS AG priced a preliminary offering for Trigger Autocallable Contingent Yield Notes linked to the common stock of Amazon.com, Inc. The Notes have a $10 principal amount per Note, trade date June 30, 2026, expected settlement July 2, 2026, final valuation date June 30, 2027, and maturity July 2, 2027. Coupons are contingent and paid only if the underlying closing level meets the coupon barrier on an observation date; the Notes may autocall quarterly (beginning ~6 months) if the underlying equals or exceeds the initial level on an observation date. If not called, principal repayment at maturity is contingent on the final level relative to a downside threshold; a final level below that threshold results in a cash payment that can be less than principal and may produce a full loss equal to the underlying return. Estimated initial value was stated as between $9.45 and $9.70 per Note and minimum investment is 100 Notes ($1,000).

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Lam Research Corporation, due on or about July 3, 2028. The notes pay a contingent coupon on coupon dates only if the closing level of the underlying meets or exceeds a coupon barrier on observation dates; otherwise no coupon is paid.

The notes are automatically called early if the underlying closes at or above the initial level on any observation date before the final valuation date; an automatic call would pay principal plus any contingent coupon on the related call settlement date. If not called, principal repayment at maturity is contingent: if the final level is at or above the downside threshold, UBS pays the principal amount; if the final level is below the downside threshold, repayment is reduced proportionally to the underlying return, possibly resulting in the loss of the entire investment. Payments are subject to the creditworthiness of UBS AG. Trade date is June 30, 2026, settlement date is July 2, 2026, final valuation date is June 29, 2028, and maturity is July 3, 2028. The minimum investment is 100 Notes at $10 per Note.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Generac Holdings Inc. with a planned term to maturity of approximately two years and a maturity date of July 3, 2028. The Notes pay a contingent coupon on each coupon payment date only if the underlying closing level on the related observation date is at or above the coupon barrier; otherwise no coupon is paid.

The Notes are automatically called early if the underlying closing level on any observation date prior to the final valuation date is at or above the initial level, in which case UBS pays principal plus any contingent coupon on the call settlement date. If the Notes are not called and the final level is below the downside threshold, principal repayment at maturity is contingent and may be less than the principal amount, potentially resulting in a loss equal to the percentage decline in the underlying asset.

UBS AG priced a preliminary offering for Trigger Autocallable Contingent Yield Notes linked to the common stock of United Airlines Holdings, Inc. Trade date is June 30, 2026, settlement is July 2, 2026, final valuation date is June 28, 2029, and maturity is July 2, 2029. The Notes pay periodic contingent coupons only if the underlying closes at or above a coupon barrier on observation dates and are autocallable if the underlying closes at or above the initial level on an observation date. Principal repayment at maturity is contingent: if final level is below the downside threshold, repayment declines pro rata and holders may lose a substantial portion or all principal. Estimated initial value is shown between $9.37 and $9.62 per $10 Note; any payment is subject to UBS credit risk.

UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the Nasdaq-100® Technology Sector, the Russell 2000® Index and shares of the State Street® SPDR® S&P® Regional Banking ETF due on or about July 6, 2029. The Notes pay a contingent coupon only when each underlying asset meets its coupon barrier on an observation date and are callable monthly at UBS’s election beginning after three months. The issue price per Note is $1,000.00 with proceeds to UBS per Note of $993.50 and an underwriting discount of $6.50. The estimated initial value range per Note is $956.40 to $986.40, reflecting hedging costs, underwriting and UBS’s internal funding rate. The Notes are unsecured obligations of UBS; repayment of principal and any contingent coupon is subject to UBS credit risk. The Notes are complex, may provide no coupons, may be called early by UBS, and can result in a significant loss or total loss of principal if the least performing underlying asset falls below its downside threshold.

UBS AG is offering Trigger Autocallable Contingent Yield Notes with Memory Interest linked to First Solar, Inc. The Notes pay a 17.80% per annum contingent coupon on quarterly observation dates if the underlying closing level meets the coupon barrier and are callable quarterly beginning after six months. If called, investors receive principal plus any due contingent coupons; if not called, principal is repaid at maturity only if the final level is at or above the $119.54 downside threshold (50.00% of the initial level). If the final level is below that threshold, investors suffer a loss equal to the percentage decline in the underlying asset and could lose the entire principal. Payments depend on UBS creditworthiness. The estimated initial value per Note is $967.20 and the public issue price is $1,000.00 per Note.

UBS AG offers $13,081,000 of Contingent Income Auto-Callable Securities with Memory Coupon linked to Bank of America common stock. Each security has a $1,000 stated principal, an initial price of $57.88 and matures on June 29, 2029. Investors may receive a contingent payment of $25.625 (equivalent to 10.25% per annum) on specified contingent payment dates only if the underlying closing price on each determination date is at or above the downside threshold of $46.30 (80.00% of the initial price). The securities can be redeemed early if the underlying closing price meets or exceeds the call threshold of $57.88. If not redeemed and the final price is below the downside threshold, holders will receive a cash value equal to the exchange ratio times the final price and may lose a significant portion or all of their investment. Payments are unsecured obligations of UBS AG and are subject to UBS credit risk.

UBS AG offers $11,660,000 aggregate principal amount of Contingent Income Auto-Callable Securities due June 29, 2029, linked to the common stock of JPMorgan Chase & Co. The securities pay a contingent payment of $25.50 (10.20% per annum) on each contingent payment date if the closing price of JPMorgan common stock is at or above the downside threshold of $246.79 (75.00% of the initial price). If the underlying equity is at or above the call threshold of $329.05 (100.00% of the initial price) on any determination date (other than the final determination date), the securities will be automatically redeemed early for the stated principal plus the contingent payment. If the securities are not called and the final price is below $246.79, UBS has elected to deliver cash in lieu of shares and the payment at maturity will equal the exchange ratio multiplied by the final price, which may result in a significant loss or total loss of principal. The issue price is $1,000.00 per security, the estimated initial value at pricing was $970.60, and proceeds to UBS are $11,397,650.00. All payments are subject to the credit risk of UBS AG.

UBS AG is offering $3,000,000 of Trigger Callable Contingent Yield Notes linked to the least performing of the S&P 500® Index and the Nasdaq-100® Technology Sector, maturing on July 5, 2029. The Notes pay a contingentcoupon of 10.85% per annum only if each underlying closes at or above its coupon barrier on an observation date. UBS may call the Notes monthly beginning after 12 months; if not called, repayment of principal at maturity depends on the final levels relative to 70% downside thresholds. The issue price is $1,000.00 per Note, the estimated initial value is $975.40 per Note, and all payments are subject to UBS credit risk.

UBS AG is offering $5,685,000 principal of Trigger Callable Contingent Yield Securities due June 29, 2028, linked to the worst performing of the Russell 2000®, the S&P 500® and the EURO STOXX 50®. The securities pay a contingent quarterly coupon of $25.625 (a 10.25% per annum rate) only if each underlying index closes at or above its coupon barrier (70% of its initial index level) on every trading day during an observation period. UBS may call the securities in whole on specified observation end dates; if called you receive the stated principal of $1,000 plus any contingent coupon otherwise due. If not called and the final index level of any underlying index is below its trigger level (70% of its initial index level), the payment at maturity will equal $1,000 multiplied by (1 + the underlying return of the worst performing underlying index), which can result in a significant loss or total loss of principal. The securities are unsecured obligations of UBS and subject to its credit risk.

UBS AG offers Trigger Callable Contingent Yield Notes linked to the least performing of the S&P 500®, Russell 2000® and Nasdaq-100, with a contingent coupon rate of 11.65% per annum and a stated maturity on or about August 6, 2029. The notes are issuer-callable monthly beginning after approximately three months; final economic terms will be set on the strike date and the offering is subject to completion.

The notes pay contingent coupons only when each underlying closes at or above its coupon barrier (75% of initial level). At maturity, if any underlying final level is below its downside threshold (60% of initial level), repayment of principal may be reduced pro rata to the percentage decline of the least performing underlying asset. Estimated initial value range is $953.20–$983.20 per $1,000 note; issue price is $1,000 with underwriting discount up to $9.00 per note.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the Solactive U.S. Large Cap Volatility Navigator 40 Index due on or about July 7, 2031. The notes pay a fixed contingent coupon only when the index closes at or above a coupon barrier on observation dates and are callable monthly beginning after 12 months if the index meets a call threshold.

Key terms shown on this pricing supplement include a contingent coupon rate of 18.00% per annum (contingent coupon of $15.00 per note), a call threshold equal to 100.00% of the initial level, a coupon barrier equal to 70.00% of the initial level, a downside threshold equal to 40.00% of the initial level, an estimated initial value range of $939.00 to $969.00, and an issue price of $1,000.00 with an underwriting discount of $9.00 per note.

UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the Nasdaq-100 Index® and the S&P 500® Index, due on or about July 7, 2028. The Notes pay a contingent coupon only if each underlying's closing level on an observation date is at or above its coupon barrier; otherwise no coupon is paid.

The Notes are callable monthly by UBS beginning after approximately 12 months. If not called, principal is repaid at maturity only if each underlying's final level is at or above its downside threshold; if any underlying is below its downside threshold, repayment at maturity is reduced in proportion to the decline of the least performing underlying asset. Key terms shown in this preliminary pricing supplement include a contingent coupon rate example of 10.15% per annum, coupon barriers and downside thresholds equal to 70.00% of initial levels, an estimated initial value range of $957.80 to $987.80, an issue price per Note of $1,000.00 and an underwriting discount of up to $9.50 per Note. The Notes are unsecured obligations of UBS and subject to UBS credit risk and Swiss resolution powers.

UBS AG offers Trigger Callable Contingent Yield Notes due on or about June 30, 2028, linked to the least performing of the S&P 500® Index, Russell 2000® Index and Nasdaq-100® Technology Sector. The Notes pay a contingent coupon of 9.25% per annum on an observation date only if each underlying asset is at or above its coupon barrier; otherwise no coupon is paid.

The Notes are callable by UBS monthly beginning about three months after issuance; if called you receive principal plus any contingent coupon due on the call settlement date. At maturity you receive full principal only if each final level is at or above its downside threshold (60.00% of initial level); otherwise the payout is reduced by the percentage decline of the least performing underlying asset, and you could lose a significant portion or all of your investment. Issue price is $1,000 per Note; estimated initial value is between $939.80 and $969.80. Payments are subject to UBS credit risk.

UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the S&P 500, Russell 2000 and Nasdaq-100, maturing on or about February 7, 2028. The Notes pay a contingent coupon of 11.85% per annum only when each underlying index meets its coupon barrier on observation dates. UBS may call the Notes monthly beginning after three months; if not called, principal repayment at maturity depends on whether each final level meets the 70.00% downside threshold. If the least performing underlying asset finishes below its downside threshold, principal at maturity will be reduced proportionally and investors could lose a substantial portion or all of their investment. Issue price is $1,000 per Note; estimated initial value range is $956.60 to $986.60. Payments are subject to UBS credit risk. Consult the accompanying product supplement, index supplement and prospectus for full terms.

UBS AG priced a preliminary offering of Capped Buffer Contingent Absolute Return Securities linked to the least performing of the Dow Jones Industrial Average® and the S&P 500® Index. The notes have a $1,000 principal per Security, an expected term of approximately 18 months (trade date July 31, 2026, maturity February 3, 2028), a 15.00% buffer, and a 19.50% maximum upside gain (maximum payment $1,195.00). Payments at maturity depend on the least performing underlying asset’s return versus its downside threshold; in some scenarios investors may lose some or almost all principal. The estimated initial value range is $953.30–$983.30 as of the trade date; issue price includes underwriting compensation and other costs.

UBS AG is offering Capped Buffer Contingent Absolute Return Securities linked to the least performing of the Dow Jones Industrial Average® and the S&P 500®, with an expected term of approximately 18 months. The securities have a $1,000 principal amount per security, a 15.00% buffer, and a 13.50% maximum upside gain (maximum maturity payment of $1,135.00 per security). Key dates in the excerpt include a trade date of July 28, 2026, settlement on July 31, 2026, a final valuation date of January 28, 2028, and a maturity date of February 2, 2028. The estimated initial value range on the trade date is $937.60 to $967.60, and the underwriting discount disclosed is $22.25 per security, leaving proceeds to UBS of $977.75 per security. Payments at maturity depend on the least performing underlying asset’s return, subject to the buffer and caps; in adverse outcomes you may lose some or almost all of your initial investment, and all payments are subject to UBS credit risk.

UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the S&P 500®, Russell 2000®, and Nasdaq-100, due on or about January 31, 2028. The Notes pay a contingent coupon only if each underlying closes at or above its coupon barrier on observation dates; the stated contingent coupon rate is 9.60% per annum. The Notes are callable in whole (not in part) monthly beginning after about three months; if called, holders receive principal plus any accrued contingent coupon. At maturity holders receive principal only if each underlying is at or above its 70.00% downside threshold; otherwise principal is reduced in proportion to the percentage decline of the least performing underlying asset and could be fully lost. Issue price per Note is $1,000; UBS estimates initial value between $943.20 and $973.20. Underwriting discount is up to $22.25 per Note; proceeds to UBS are at least $977.75 per Note. Payments depend on UBS creditworthiness and are not FDIC insured. The final terms will be set on the strike date and shown in the final pricing supplement.

UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the Dow Jones Industrial Average, the Nasdaq-100 and the S&P 500. The offering size is $1,111,000 in aggregate at an issue price of $1,000 per Note. Trade date is June 29, 2026, settlement July 2, 2026, and maturity is May 4, 2027.

The Notes pay periodic contingent coupons only if all three indices close at or above their coupon barriers on each observation date; the stated contingent coupon rate is 12.00% per annum and the total potential contingent coupon is 10.00% of principal if not called. UBS may call the Notes in whole on monthly observation dates beginning after three months. If not called, principal repayment at maturity is contingent: if any underlying closes below its downside threshold (each set at 70.00% of initial level), holders suffer a loss equal to the percentage decline of the least performing underlying asset, up to a total loss.

UBS AG is offering unsubordinated, unsecured Barrier Market Linked Notes linked to the LBMA Gold Price PM with principal of $1,000 per Note and a term of approximately 24 months. The Notes pay no interest and return at maturity depends on whether an upper barrier is breached during the observation period.

If a barrier event occurs on any trading day during the observation period, holders receive the principal plus a 8.00% conditional return. If no barrier event occurs and the final price is higher than the initial price, holders receive a payout tied to the underlying return but capped by a 43.00%–45.25% maximum gain (maximum payment per Note of $1,430.00–$1,452.50). Estimated initial value is $945.50–$975.50; issue price is $1,000 per Note. All payments are subject to UBS credit risk.

UBS AG is offering Airbag Callable Contingent Yield Notes linked to the least performing of the Dow Jones Industrial Average®, the Nasdaq-100 Index® and the S&P 500®. The Notes pay a periodic contingent coupon only if each underlying asset equals or exceeds its coupon barrier on observation dates; UBS may call the Notes on quarterly call dates. At maturity, if no call occurs and every underlying asset is at or above an 80.00% downside threshold, UBS will return the $1,000 principal amount; if any underlying asset is below that threshold you bear leveraged downside exposure of 1.25% loss per 1% decline beyond the 20.00% threshold. Key dates include a trade date of July 1, 2026, settlement July 7, 2026, final valuation July 2, 2029 and maturity July 6, 2029. The estimated initial value range is $967.10–$997.10, and all payments depend on UBS creditworthiness.

UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the S&P 500®, Russell 2000® and Nasdaq-100® Technology Sector, with an 11.00% per annum contingent coupon and a term to approximately July 12, 2029.

The notes pay contingent coupons only if each underlying asset meets its coupon barrier on observation dates, are callable monthly by UBS beginning after six months, and repay principal at maturity only if each underlying asset is at or above its downside threshold. If any underlying asset is below its downside threshold at final valuation, holders may suffer a loss equal to the percentage decline of the least performing underlying asset. The estimated initial value range is $958.90 to $988.90 and the issue price is $1,000.00 per note; the underwriting discount is $7.50 per note. The notes are unsecured obligations of UBS and repayment depends on UBS creditworthiness.

UBS AG is offering Buffer Callable Contingent Yield Notes linked to the least performing of the S&P 500® Index and the Russell 2000® Index due on or about May 7, 2029. The notes pay a contingent coupon of 11.30% per annum only when each underlying closes at or above its coupon barrier on an observation date; otherwise no coupon is paid. UBS may call the notes monthly beginning after ~6 months; if called you receive principal plus any contingent coupon due on the call settlement date. At maturity, if every underlying is at or above its downside threshold (85.00% of initial level), UBS pays principal; if any underlying is below its downside threshold you bear losses beyond the 15% buffer, potentially losing most of your investment. Issue price is $1,000.00 per note; estimated initial value range is $959.40–$989.40. All payments are subject to UBS creditworthiness; liquidity and secondary-market prices may be limited.

UBS AG is offering $21,581,000 of Trigger Callable Contingent Yield Notes linked to the least performing of the Russell 2000® Index and the S&P 500® Index, maturing June 29, 2029. The Notes pay a fixed contingent coupon only if both underlyings meet coupon barriers on observation dates; otherwise no coupon is paid.

If UBS calls the Notes on an observation date (issuer call available after six months), holders receive principal plus any contingent coupon then due. If not called and the final level of any underlying is below its 70.00% downside threshold, repayment at maturity is reduced proportionally to the negative return of the least performing underlying asset, potentially resulting in total loss. Payments are subject to UBS credit risk. The estimated initial value per Note is $991.90 and the issue price is $1,000.

UBS AG is offering Trigger Callable Contingent Yield Notes totaling $5,411,000 linked to the least performing of the Russell 2000® Index and the S&P 500® Index. The Notes pay a 9.00% per annum contingent coupon only if each underlying asset meets its coupon barrier on an observation date. UBS may call the Notes quarterly beginning after six months; if not called, repayment at maturity depends on the final levels relative to the 70.00% downside thresholds. The estimated initial value was $978.50 per $1,000 Note and the issue price is $1,000 per Note; proceeds to UBS were $985.00 per Note after underwriting compensation and fees. The Notes are unsecured obligations of UBS and involve both credit risk of UBS and market exposure to the least performing underlying asset.

UBS AG is offering Buffer Callable Contingent Yield Notes linked to the least performing of the Nasdaq-100, Russell 2000 and S&P 500 with a maturity of June 29, 2029. The notes pay a 10.40% per annum contingent coupon only if each underlying asset meets its coupon barrier on an observation date. UBS may call the notes in whole on quarterly observation dates beginning after six months. At maturity, if no issuer call occurs and each underlying asset is at or above its downside threshold, UBS will repay the $1,000 principal; otherwise repayment is reduced based on the performance of the least performing underlying asset in excess of the 15.00% buffer. Any payment, including principal, is subject to UBS credit risk.