Every 424B that ETRACS Alerian MLP Index ETN Series B due July 18, 2042 (AMUB) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow AMUB and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full AMUB filings page.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of QUALCOMM Incorporated, maturing on or about December 22, 2027. Each Note has a principal amount of $10, with a minimum investment of 100 Notes (a $1,000 investment).
Investors may receive periodic contingent coupons only when the QUALCOMM share price on an observation date is at or above a preset coupon barrier. The Notes are subject to an automatic call if the share price on any observation date (before final valuation) is at or above the initial level, in which case UBS repays principal plus any due coupon and makes no further payments.
If the Notes are not called and the final share level is at or above the downside threshold, UBS repays the $10 principal per Note at maturity. If the final level is below the downside threshold, repayment is reduced in line with the stock’s decline, and investors can lose some or all of their initial investment. All payments depend on the creditworthiness of UBS, and the Notes are not listed on any exchange. The estimated initial value per Note on the trade date is expected to be between $9.41 and $9.66.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Meta Platforms, Inc., maturing on or about December 22, 2027. The Notes are unsecured, unsubordinated debt of UBS with a minimum investment of 100 Notes at $10 each.
Holders receive a contingent coupon only on observation dates when Meta’s closing level is at or above a specified coupon barrier; otherwise no coupon is paid. The Notes are automatically called if Meta’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 any due coupon and the product terminates. If not called and Meta’s final level is below a downside threshold, repayment at maturity is reduced in line with the stock’s decline, and investors can lose all principal. All payments depend on the creditworthiness of UBS. The estimated initial value per $10 Note on the trade date is expected to be between $9.44 and $9.69.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Intel Corporation, with a scheduled maturity on December 22, 2027. These unsecured debt notes pay a contingent coupon only if Intel’s closing share price on each observation date is at or above a preset coupon barrier; otherwise, no coupon is paid for that period.
The notes are automatically called early if Intel’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 Intel’s final share price is at or above the downside threshold on the final valuation date, UBS repays principal at maturity. If the final level is below the downside threshold, repayment is reduced in line with Intel’s decline, and investors can lose all of their investment.
The minimum investment is 100 notes at $10 each. The estimated initial value is $9.75 per $10 note, and the notes will not be listed on any securities exchange. All payments depend on UBS’s creditworthiness.
UBS AG is offering $100,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Palantir Technologies Inc., maturing on December 22, 2027. The Notes pay a contingent coupon only on dates when Palantir’s closing share price is at or above a preset coupon barrier; if the share price is below that level, no coupon is paid for that period.
The Notes are automatically called before maturity if Palantir’s stock closes at or above the initial level on any observation date, in which case investors receive the $10 principal per Note plus any due coupon and no further payments. If the Notes are not called and Palantir’s final share price is at or above the downside threshold, investors receive full principal back; if it is below the threshold, repayment is reduced in line with the stock’s percentage loss and can fall to zero.
The Notes are unsecured, unsubordinated obligations of UBS, are not listed on any exchange, and are not insured by any government agency. The minimum investment is 100 Notes at $10 each, and the estimated initial value per Note on the trade date is $9.73, reflecting UBS’ internal pricing models and funding rate.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Intel common stock, maturing on or about December 22, 2027. These unsecured debt notes pay contingent coupons only if Intel’s closing share price on each observation date is at or above a preset coupon barrier; otherwise no coupon is paid for that period.
The notes can be automatically called early if Intel’s share price on any observation date before maturity is at or above the initial level, in which case holders receive the principal plus any due coupon and the product terminates. If the notes are not called and Intel’s final share price is at or above a downside threshold, investors receive their full principal at maturity; if it is below that threshold, repayment is reduced in line with Intel’s percentage decline, and the entire investment can be lost.
The minimum investment is 100 notes at $10 each, and the estimated initial value per $10 note is expected to range between $9.45 and $9.70, reflecting UBS’s internal pricing models. All payments depend on the creditworthiness of UBS AG, 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 Palantir Technologies Inc., maturing on or about December 22, 2027. These unsecured debt notes can pay periodic contingent coupons, but only if Palantir’s share price on each observation date is at or above a preset coupon barrier.
The notes are automatically called early if Palantir’s closing level on any observation date before maturity is at or above the initial level, in which case investors receive their principal plus any due coupon and no further payments. If the notes are not called and Palantir’s final level is at or above a downside threshold, investors receive only their principal at maturity. If the final level 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 subject to UBS’s credit risk, will not be listed on any exchange, and are sold in minimums of 100 notes at $10 per note. The estimated initial value per note on the trade date is expected to be between $9.43 and $9.68.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Oracle Corporation, maturing on December 22, 2027. Each Note has a principal amount of $10 and pays a contingent coupon only if Oracle’s closing level on an observation date is at or above the coupon barrier.
The hypothetical terms show a contingent coupon rate of 16.86% per annum, or $0.4215 per $10 Note per period, with both the downside threshold and coupon barrier at $60.00, which is 60.00% of the initial level. The Notes are automatically called if Oracle’s level on an observation date (before final valuation) is at or above the initial level, returning principal plus the contingent coupon and ending the investment early.
If the Notes are not called and Oracle’s final level is below the downside threshold, investors are exposed to the full negative return of the stock on a one-for-one basis and can lose all of their principal. Any payment depends on the creditworthiness of UBS. The Notes are not listed on any exchange, have a minimum investment of 100 Notes, and an estimated initial value of $9.74 per $10 Note.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Oracle Corporation, maturing on or about December 22, 2027. The Notes pay a contingent coupon only if Oracle’s closing level on an observation date, including the final valuation date, is at or above a specified coupon barrier; otherwise no coupon is paid for that period.
The Notes are automatically called early if Oracle’s closing level on any observation date before maturity is at or above the initial level, in which case holders receive the principal amount plus any due coupon and no further payments. If the Notes are not called and Oracle’s final level is at or above the downside threshold, investors receive the $10 principal per Note at maturity; if it is below the downside threshold, repayment is reduced in line with Oracle’s decline and can fall to zero.
The Notes are unsecured, unsubordinated debt of UBS, subject to UBS’s credit risk, are not bank deposits, and will not be listed on any exchange. The minimum investment is 100 Notes at $10 each, and the estimated initial value per Note on the trade date is expected to be between $9.44 and $9.69.
UBS AG is offering $395,000 of Trigger Autocallable Contingent Yield Notes linked to Eli Lilly and Company common stock, maturing June 22, 2027. Each Note has a $10 principal amount. Investors may receive periodic contingent coupons, but only when Eli Lilly’s share price on a quarterly observation date is at or above a preset coupon barrier.
The Notes can be called early if Eli Lilly’s share price on an observation date is at or above the initial level. In that case, UBS repays the $10 principal per Note plus any due contingent coupon, and the Notes terminate. If the Notes are not called and Eli Lilly’s price on the final valuation date is at or above a downside threshold, investors receive full principal at maturity.
If the Notes are not called and Eli Lilly’s final share price is below the downside threshold, repayment is reduced in line with the stock’s decline, and investors can lose all of their initial investment. All payments depend on UBS’s credit, and the estimated initial value is $9.81 per $10 Note. The Notes will not be listed on an exchange and may be difficult to sell.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Eli Lilly and Company, expected to mature on or about June 22, 2027. These unsecured debt obligations pay a contingent coupon only if the stock closes at or above a specified coupon barrier on each quarterly observation date; otherwise no coupon is paid for that period.
The Notes are automatically called early if the stock closes at or above the initial level on any observation date before the final valuation date, in which case investors receive the principal plus any due coupon and no further payments. If the Notes are not called and the final stock level is at or above a downside threshold, investors receive their principal back; if it is below that threshold, repayment is reduced in line with the stock’s decline, and the entire investment can be lost.
The Notes are offered in minimums of 100 Notes at $10 per Note, with an estimated initial value between $9.45 and $9.70 per Note based on UBS internal models. Payments depend on the creditworthiness of UBS, the Notes will not be listed on any exchange, and they are not insured by the FDIC or any government agency.
UBS AG is offering $419,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Constellation Energy Corporation, maturing on December 22, 2027. These unsecured UBS debt securities pay a contingent coupon only if the stock closes at or above a preset coupon barrier on each observation date; otherwise no coupon is paid for that period. The notes are automatically called early if the stock closes at or above its initial level on any observation date before maturity, in which case investors receive the $10 principal per Note plus any due coupon and no further payments. If the notes are not called and the final stock level is at or above the downside threshold, principal is repaid at maturity, but if it is below that threshold, repayment is reduced in line with the stock’s percentage loss and can fall to zero. All payments, including any principal repayment, depend on the creditworthiness of UBS, and the notes are not listed on any exchange and are not FDIC insured. The minimum investment is 100 Notes at $10 each, and the estimated initial value per Note on the trade date is $9.81.
UBS AG is offering unsecured Trigger Autocallable Contingent Yield Notes linked to the common stock of Oracle Corporation, maturing on December 22, 2027. The Notes may pay periodic contingent coupons, but only if Oracle’s closing share price on each observation date is at or above a specified coupon barrier; otherwise, no coupon is paid for that period.
The Notes are automatically called before maturity if Oracle’s share price on any observation date (other than the final one) is at or above the initial level, in which case investors receive principal plus any due contingent coupon and the product terminates. If the Notes are not called and Oracle’s final share price is at or above the downside threshold, investors receive the $10 principal per Note at maturity; if it is below the downside threshold, repayment is reduced in line with Oracle’s negative return, and investors can lose their entire investment.
The Notes are senior unsecured obligations of UBS, with a minimum investment of 100 Notes (a $1,000 investment) and will not be listed on any exchange. The estimated initial value is $9.74 per Note, and all payments depend on UBS’s creditworthiness.
UBS AG is offering $275,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Vertiv Holdings Co, maturing on December 22, 2027. These unsecured debt notes pay a contingent coupon only if Vertiv’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 Vertiv’s share price 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 product terminates. If the notes are not called and Vertiv is at or above a downside threshold at maturity, investors receive full principal back; if below that threshold, repayment is reduced in line with Vertiv’s decline and can fall to zero.
The notes will not be listed on any exchange, involve significant market and credit risk, require a minimum $1,000 investment, and have an estimated initial value of $9.79 per $10 note, based on UBS’ internal pricing models.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Constellation Energy Corporation, maturing on or about December 22, 2027. Each Note has a principal amount of $10 and may pay periodic contingent coupons, but only if the underlying stock closes at or above a specified coupon barrier on the relevant observation dates.
The Notes will be automatically called before maturity if the stock closes at or above its initial level on any observation date prior to the final valuation date, in which case investors receive the $10 principal plus any due contingent coupon and no further payments. If the Notes are not called and the final stock level is at or above a downside threshold, investors receive only their principal back. If the final level is below the downside threshold, repayment is reduced in line with the stock’s decline and investors can lose their entire investment. All payments depend on the creditworthiness of UBS, and the estimated initial value on the trade date is expected to be between $9.44 and $9.69 per $10 Note.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Oracle Corporation, maturing on or about December 22, 2027. These are unsubordinated, unsecured debt obligations of UBS.
Investors receive a contingent coupon only if Oracle’s closing level on an observation date is at or above a preset coupon barrier. The notes are automatically called early if Oracle’s level on any observation date before maturity is at or above the initial level, in which case investors receive the principal plus any due coupon and no further payments.
If the notes are not called and Oracle’s final level is at or above the downside threshold, investors receive only their principal at maturity; if it is below the threshold, repayment is reduced in line with the stock’s decline, and investors could lose their entire investment. The notes are not listed, have a minimum investment of 100 notes at $10 each, and have an estimated initial value between $9.44 and $9.69 per note. All payments depend on the creditworthiness of UBS.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Vertiv Holdings Co, maturing on or about December 22, 2027. These are unsecured, unsubordinated debt obligations of UBS, not bank deposits and not insured by any government agency.
Investors may receive periodic contingent coupons only when Vertiv’s closing share price on an observation date is at or above a preset coupon barrier. The notes auto-call early if Vertiv’s stock closes at or above its initial level on any observation date before the final valuation date, in which case holders receive principal plus the applicable coupon and no further payments.
If the notes are not called and Vertiv’s final share price is at or above the downside threshold, investors receive their principal back at maturity (plus any final coupon if the barrier is met). If the final price is below the downside threshold, repayment is reduced in line with Vertiv’s decline, and investors can lose all of their initial investment. All payments depend on UBS’s credit, there is no exchange listing, the minimum investment is 100 notes at $10 each, and the estimated initial value per $10 note is expected to be between $9.43 and $9.68.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Alphabet Inc., maturing on December 22, 2027. These unsecured debt securities pay a contingent coupon only if Alphabet’s share price on each observation date is at or above a preset coupon barrier; otherwise, no coupon is paid for that period.
The notes can be automatically called early if Alphabet’s share price on any observation date before maturity is at or above the initial level, in which case investors receive principal plus the applicable coupon and no further payments. If the notes are not called and Alphabet’s final share level is at or above the downside threshold, investors receive full principal at maturity; if it is below that threshold, repayment is reduced in line with the stock’s decline and investors can lose their entire investment. Minimum investment is 100 notes at $10 each, and UBS estimates the initial value at $9.74 per $10 note. All payments depend on UBS’s creditworthiness.
UBS AG is offering unsecured Trigger Autocallable Contingent Yield Notes linked to the common stock of Alcoa Corporation, maturing on December 22, 2027. Each Note has a $10 principal amount, with a minimum investment of 100 Notes.
Holders receive a contingent coupon only if Alcoa’s share price on each observation date is at or above a defined coupon barrier; otherwise, no coupon is paid for that period. The Notes are automatically called early if Alcoa’s share price on any observation date before maturity is at or above the initial level, in which case investors receive principal plus that period’s contingent coupon and no further payments.
If the Notes are not called and Alcoa’s final share price is at or above the downside threshold, investors receive full principal at maturity (and a final coupon if the coupon barrier is met). If the final price is below the downside threshold, repayment is reduced in line with the share price decline and principal losses can be total. The estimated initial value is $9.75 per $10 Note, the Notes are not listed on an exchange, and all payments depend on UBS’s creditworthiness.
UBS AG is offering $675,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Uber Technologies, Inc., maturing on December 22, 2028. The Notes pay a contingent coupon only if Uber’s share price on each observation date is at or above a coupon barrier set at 70% of the initial level, with a hypothetical contingent coupon rate of 12.33% per year in the examples. The Notes can be called early if Uber’s stock closes at or above the initial level on any observation date, in which case investors receive the $10 principal per Note plus the applicable coupon and no further payments. If the Notes are not called and Uber’s final level is below the downside threshold (also 70% of the initial level), repayment at maturity is reduced dollar-for-dollar with Uber’s decline, and investors can lose their entire investment. Any payment depends on the creditworthiness of UBS, and the estimated initial value is $9.74 per $10 Note.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Alphabet Inc., maturing on or about December 22, 2027. These are unsecured, unsubordinated debt obligations of UBS that pay contingent coupons only if Alphabet’s closing level on each observation date is at or above a preset coupon barrier.
If on any observation date before maturity Alphabet’s level is at or above the initial level, the notes are automatically called and investors receive the $10 principal per note plus the applicable contingent coupon, with no further payments. If the notes are not called and the final Alphabet level is at or above the downside threshold, investors receive the $10 principal at maturity; if it is below the downside threshold, repayment is reduced in line with Alphabet’s percentage decline and can fall to zero, causing a total loss of principal.
The notes are not listed on any exchange, require a minimum purchase of 100 notes at $10 each, and have an estimated initial value between $9.44 and $9.69 per $10 note. All payments depend on UBS’s creditworthiness.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Alcoa Corporation, maturing on or about December 22, 2027. These are unsecured, unsubordinated debt obligations of UBS, not bank deposits and not FDIC insured.
Investors receive a contingent coupon only if Alcoa’s closing share price on an observation date is at or above a preset coupon barrier. The notes are automatically called early if Alcoa’s share price on any observation date before maturity is at or above the initial level, in which case UBS repays the principal plus any due contingent coupon and makes no further payments.
If the notes are not called and Alcoa’s final share price is at or above a downside threshold, UBS repays the $10 principal per note at maturity, possibly with a final coupon. If the final share price is below the downside threshold, repayment is reduced in line with Alcoa’s decline, and investors can lose all of their initial investment. All payments depend on UBS’s creditworthiness, and the notes will not be listed on any exchange. The minimum investment is 100 notes, or $1,000, and the estimated initial value per note on the trade date is expected to be between $9.47 and $9.72.
UBS AG is offering $200,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Carnival Corporation, maturing December 22, 2027. These unsecured debt securities pay a contingent coupon only when Carnival’s closing level on an observation date is at or above a preset coupon barrier; otherwise no coupon is paid for that period. The notes can be automatically called if Carnival’s level on an observation date is at or above the initial level, in which case investors receive the $10 principal per note plus any due coupon and the notes terminate early.
If the notes are not called and Carnival’s final level on the valuation date is at or above the downside threshold, investors receive full principal repayment, plus any final contingent coupon if the barrier is met. If the final level is below the downside threshold, repayment is reduced in line with Carnival’s negative return, and investors can lose all of their investment. The minimum investment is 100 notes at $10 each, and the estimated initial value is $9.71 per note. All payments depend on UBS’s credit and the notes will not be listed on any exchange.
UBS AG is offering unsecured Trigger Autocallable Contingent Yield Notes linked to the American depositary receipts of Alibaba Group Holding Limited, maturing on December 22, 2027. These notes pay a contingent coupon only if, on each observation date, the Alibaba ADR level is at or above a preset coupon barrier; otherwise no coupon is paid for that period.
The notes can be automatically called early if the ADR closes at or above its initial level on any observation date before maturity, in which case investors receive principal plus the applicable contingent coupon and the product terminates. If not called and the final ADR level is at or above the downside threshold on the final valuation date, investors receive full principal back, plus any 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 the negative underlying return and can fall to zero, so all principal may be lost.
An illustrative example uses a $10 principal amount, a 10.88% per annum contingent coupon (paying $0.272 per period), and a downside threshold and coupon barrier set at 70.00% of the initial level. The estimated initial value per note is $9.69, and all payments depend on the creditworthiness of UBS.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Uber Technologies, Inc., maturing on or about December 22, 2028. These are unsubordinated, unsecured debt obligations of UBS.
Investors can receive contingent coupons only if Uber’s stock closes at or above a preset coupon barrier on the relevant observation dates. The notes are automatically called early if Uber’s stock closes at or above the initial level on any observation date before maturity, in which case investors receive principal plus the applicable contingent coupon and no further payments.
If the notes are not called and Uber’s stock on the final valuation date is at or above a downside threshold, UBS repays the full principal at maturity. If it is below that threshold, repayment is reduced in line with the stock’s percentage decline, and investors can lose all of their initial investment. Payments are subject to UBS’s credit risk, the notes will not be listed on any exchange, the minimum investment is 100 notes at $10 each, and the estimated initial value per note is expected to be between $9.37 and $9.62.
UBS AG is offering $100,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Amazon.com, Inc., scheduled to mature on December 22, 2027. Each Note has a $10 principal amount, with a minimum investment of 100 Notes.
Investors receive a contingent coupon only if Amazon’s closing share price on an observation date is at or above the coupon barrier, which is initially set at 70% of the stock’s initial level. The Notes are automatically called early if Amazon’s price on any observation date (before final valuation) is at or above the initial level, in which case UBS repays principal plus the applicable contingent coupon and makes no further payments.
If the Notes are not called and Amazon’s final share price is at or above the downside threshold (also 70% of the initial level), UBS repays principal, plus a final contingent coupon if the coupon barrier is met. If the final price is below the downside threshold, repayment is reduced in line with the stock’s negative return, and investors can lose all of their principal. All payments depend on UBS’s credit, and the estimated initial value is $9.75 per $10 Note.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Carnival Corporation, maturing on or about December 22, 2027. These unsecured debt obligations pay a contingent coupon only if the stock closes at or above a preset coupon barrier on each quarterly observation date.
The notes are subject to automatic call after 12 months if the stock closes at or above the initial level on an observation date, in which case holders receive principal plus any due coupon and no further payments. If the notes are not called, principal is repaid at maturity only if the final stock level is at or above a downside threshold; otherwise, repayment is reduced in line with the stock’s decline and investors could lose their entire investment.
Any payment depends on the creditworthiness of UBS AG. The notes are not insured, will not be listed on any exchange, and carry significant risk. The minimum investment is 100 notes at $10 per note. The estimated initial value is expected to be between $9.37 and $9.62 per $10 note, based on UBS’s internal pricing models.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the American depositary receipts of Alibaba Group Holding Limited, maturing on or about December 22, 2027. These unsecured, unsubordinated debt obligations pay a contingent coupon only if the ADR’s closing level on an observation date, including the final valuation date, is at or above a preset coupon barrier.
The Notes are subject to an automatic call if, on any observation date before maturity, the ADR’s closing level is at or above the initial level. In that case, holders receive the principal plus any due contingent coupon on the call settlement date, and the Notes terminate. If the Notes are not called and the final level is at or above the downside threshold, investors receive only the principal at maturity. If the final level is below the downside threshold, repayment is reduced in line with the negative return of the ADR and can fall to zero.
The estimated initial value is expected to be between $9.39 and $9.64 per $10 Note, and the minimum investment is 100 Notes. Payments depend on the creditworthiness of UBS, 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 December 22, 2027. The Notes pay a contingent coupon only if Micron’s stock closes at or above a specified coupon barrier on each observation date; if the stock is below that level, no coupon is paid for that period.
The Notes are automatically called early if Micron’s stock closes at or above the initial level on any observation date before maturity, in which case investors receive the principal amount plus the applicable contingent coupon and no further payments. If the Notes are not called and Micron’s stock on the final valuation date is at or above the downside threshold, investors receive their principal back; if it is below the downside threshold, repayment is reduced in line with the stock’s decline and losses can reach 100% of the invested amount.
The Notes are unsecured debt of UBS, are not bank deposits, and are not FDIC insured, so all payments depend on UBS’s credit. They are offered in minimum denominations of $10 per Note, and the estimated initial value as of the trade date is $9.71 per Note, reflecting UBS’s internal pricing models and funding rate.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Amazon.com, Inc., maturing on or about December 22, 2027. These unsecured debt securities pay a contingent coupon only if Amazon’s closing stock price on an observation date is at or above a specified coupon barrier; otherwise no coupon is paid for that period.
The Notes may be automatically called before maturity if Amazon’s stock closes at or above the initial level on any observation date, in which case holders receive the principal amount plus any due coupon, and the Notes terminate. If they are not called and the final stock level is at or above the downside threshold, investors receive back the principal at maturity, plus 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 the stock’s decline and investors can lose all of their initial investment.
The Notes are issued in minimum denominations of 100 Notes at $10 per Note. The estimated initial value per Note on the trade date is expected to be between $9.45 and $9.70, based on UBS’s internal pricing models. All payments depend on UBS’s creditworthiness, and the Notes will not be listed on any securities exchange.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Micron Technology, Inc. The Notes pay a contingent coupon only if, on each observation date, Micron’s share price is at or above a specified coupon barrier; otherwise no coupon is paid for that period.
The Notes can be automatically called early if Micron’s share price on any observation date before maturity is at or above the initial level. In that case, investors receive the principal plus the applicable contingent coupon and no further payments. If the Notes are not called and Micron’s final share price is at or above the downside threshold, investors receive their principal back at maturity, potentially with a final coupon.
If the Notes are not called and Micron’s final share price is below the downside threshold, repayment is reduced in line with Micron’s negative return, and investors can lose some or all of their principal. Payments depend on the creditworthiness of UBS, and the Notes are unsecured, unsubordinated obligations that will not be listed on any exchange. The minimum investment is 100 Notes at $10 per Note.
UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the Dow Jones Industrial Average®, the Nikkei 225® Index and the S&P 500® Index, maturing on or about March 23, 2027. Each Note has a $1,000 principal amount and pays a contingent coupon at a rate of 11.78% per annum only if, on quarterly observation dates, all three indices close at or above their coupon barriers, set at 70% of their initial levels.
UBS may, at its discretion, call the Notes in whole on any observation date (other than the final one), paying back principal plus any due contingent coupon; no further payments would be made afterward. If the Notes are not called and, on the final valuation date, each index is at or above its downside threshold of 65% of its initial level, investors receive full principal back. If any index finishes below its downside threshold, repayment is reduced one-for-one with the negative return of the worst-performing index, and investors could lose their entire investment. The estimated initial value per Note on the trade date is expected between $957.70 and $987.70, reflecting internal pricing, costs and hedging.
UBS AG London Branch is offering capped leveraged buffered medium-term notes 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 are issued at $1,000 face amount each, with $9,553,000 in aggregate face amount, and mature on March 10, 2028.
The notes pay no interest. At maturity, if the basket has risen, investors receive $1,000 plus 250% of the basket gain, but returns are capped at a maximum settlement amount of $1,271.25 per $1,000. If the basket has fallen by up to 17.5%, investors receive full principal. Below this buffer (basket level under 82.5), losses accelerate at about 1.2121% of principal for every additional 1% basket decline, and investors can lose their entire investment.
The notes are unsecured obligations of UBS, are not FDIC-insured, will not be listed on an exchange and may have limited or no secondary market. The estimated initial value is $996.00 per $1,000, reflecting internal pricing and costs. Tax treatment is complex, including derivative characterization, potential PFIC issues, Section 871(m) and FATCA considerations, and investors are urged to consult their advisors.
UBS AG is offering $1,167,000 of Trigger Autocallable Contingent Yield Notes linked to the least performing of CoreWeave, Inc. and Microsoft Corporation common stock, maturing December 22, 2027. Each $1,000 Note pays a contingent coupon of 28.85% per annum, or $24.0417 per monthly period, but only if both stocks close at or above their coupon barriers, set at 50.00% of their initial levels.
The Notes can be automatically called after six months if both stocks are at or above their call threshold levels, equal to 100.00% of initial levels ($64.55 for CoreWeave and $476.12 for Microsoft). If called, investors receive principal plus any due coupon. If never called and any final level is below its 50.00% downside threshold, holders receive the share delivery amount of the worst performer (15.4919 CoreWeave shares or 2.1003 Microsoft shares per Note), likely far below principal, causing a significant or total loss.
The Notes are unsecured UBS obligations, not insured, and will not be listed. The estimated initial value is $912.10 per Note versus a $1,000 issue price, with $960.00 per Note in proceeds to UBS AG after a $40.00 underwriting discount. The document highlights substantial market, liquidity, credit and tax risks.
UBS AG is offering $884,000 of Trigger Callable Contingent Yield Notes linked to the least performing of the Nasdaq-100, Russell 2000 and S&P 500, maturing on December 21, 2028. The notes pay a 14.00% per annum contingent coupon (about $11.6667 per $1,000 note monthly) only when all three indices close at or above their coupon barriers, set at 80% of their initial levels. UBS can call the notes in whole on any monthly observation date after three months, returning principal plus any due coupon, after which no further payments are made.
If the notes are not called and on the final valuation date any index finishes below its downside threshold (also 80% of its initial level), investors receive principal reduced one-for-one with the worst index’s loss, and could lose their entire investment. The notes are unsecured UBS debt, not FDIC insured, and all payments depend on UBS’s credit. The issue price is $1,000 per note, with estimated initial value of $972.50 and net proceeds to UBS of $995.00 per note.
UBS AG is offering unsecured Trigger Callable Contingent Yield Notes linked to the least performing of the Russell 2000® Index and the S&P 500® Index, with a principal amount of $1,000 per Note and a term of about three years, from December 2025 to December 2028.
The Notes pay a contingent coupon of 10.10% per annum, in monthly installments of $8.4167 per Note, but only when the closing level of each index on an observation date is at or above its coupon barrier, set at 70% of its initial level. UBS may call the Notes in whole on any monthly observation date beginning after three months, paying back principal plus any due coupon, after which no further payments are made.
If the Notes are not called and on the final valuation date both indices are at or above their downside thresholds (also 70% of initial levels), investors receive back principal; if any index is below its threshold, repayment is reduced one-for-one with the worst index’s loss, up to a total loss of principal. The Notes are not listed, have an estimated initial value between $959.40 and $989.40 per $1,000, and all payments depend on UBS’s creditworthiness.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked separately to the common stock of Amazon.com, Inc. and TPG Inc., each with a principal amount of $10 per Note and a term of about three years to December 22, 2028. Investors may receive quarterly contingent coupons if the underlying stock stays at or above a coupon barrier, with indicative rates of 10.00% per annum for the Amazon-linked Notes and 9.00% per annum for the TPG-linked Notes.
The Notes can be called early each quarter after six months if the stock is at or above a call threshold equal to 100.00% of the initial level, returning principal plus any due coupon. If not called and the final stock level is at or above a downside threshold (60.50% to 65.50% of the initial level for Amazon; 50.00% to 55.00% for TPG), investors receive back principal; otherwise they are fully exposed to the stock’s decline and can lose all of their investment. The estimated initial value per Note is expected between $9.387 and $9.687 for Amazon and between $9.267 and $9.567 for TPG, the Notes will not be listed on an exchange, and all payments depend on the creditworthiness of UBS.
UBS AG is offering $3,015,000 of Trigger Callable Contingent Yield Notes linked to the least performing of the Russell 2000 Index and the S&P 500 Index, maturing on December 22, 2027. Each $1,000 Note pays a contingent coupon at 7.80% per annum (about $19.50 per quarter) only if on an observation date both indices close at or above their coupon barriers, set at 60% of their initial levels.
UBS may call the Notes in whole on any quarterly observation date beginning after six months; if called, holders receive principal plus any due coupon and the Notes terminate. If the Notes are not called and, at maturity, both indices are at or above their downside thresholds (also 60% of initial levels), investors receive full principal back. If any index finishes below its downside threshold, repayment is reduced 1-for-1 with the percentage loss of the worst-performing index, and the entire investment can be lost.
The Notes are unsecured, unsubordinated UBS debt, not deposits, not FDIC insured and will not be listed on an exchange. The estimated initial value is $978.30 per Note, lower than the $1,000 issue price due to underwriting compensation, hedging and issuance costs.
UBS AG is offering $1,293,000 of Trigger Callable Contingent Yield Notes linked to the least performing of the Russell 2000® Index and the S&P 500® Index, maturing on June 22, 2027. Each $1,000 Note pays a contingent coupon of 9.55% per annum if, on a monthly observation date, both indices close at or above their coupon barriers, set at 65% of their initial levels. UBS can call the Notes in whole, starting after three months, paying principal plus any due coupon.
If the Notes are not called and either index finishes below its 65% downside threshold at maturity, investors receive $1,000 multiplied by the return of the worst-performing index, which can result in a total loss of principal. The Notes are unsecured, unsubordinated debt of UBS, not insured by any government agency, and all payments depend on UBS’s credit. The estimated initial value is $995.00 per Note versus the $1,000 issue price, with net proceeds to UBS of $997.50 per Note.
UBS AG is offering $690,000 of Buffer Autocallable Contingent Yield Notes linked to the least performing of the Nasdaq-100 Index® and the Utilities Select Sector SPDR® Fund, maturing on December 20, 2030. Each $1,000 Note pays a contingent coupon at 5.50% per annum (about $4.5833 monthly) only if on an observation date both underlyings are at or above their coupon barriers, set at 72.60% of initial levels (24,647.61 for NDX and $42.76 for XLU). The Notes are automatically called after 12 months if both assets are at or above their call thresholds, equal to 100% of initial levels, returning principal plus any due coupon.
If not called, principal is protected only down to a 15.00% buffer: at maturity, if either underlying finishes below its downside threshold (85.00% of its initial level), investors lose principal in line with the decline of the worst performer beyond the buffer and could lose almost all of their investment. The Notes are unsecured obligations of UBS AG, with an estimated initial value of $946.80 per $1,000 Note and no exchange listing, so liquidity may be limited and all payments depend on UBS’s creditworthiness.
UBS AG is offering $2,420,000 of Trigger Callable Contingent Yield Notes linked to the least performing of the Nasdaq-100 Technology Sector Index, the Russell 2000 Index and the S&P 500 Index, maturing in November 2027. The Notes pay a high contingent coupon at an annual rate of 11.40% (about $9.50 per $1,000 per month) only if all three indices stay at or above barriers set at 70% of their initial levels on each monthly observation date.
UBS can call the Notes after three months and repay principal plus any due coupon, ending all future payments. If the Notes are not called and any index finishes below its downside threshold (also 70% of initial), repayment is reduced one-for-one with the worst index’s loss, and investors can lose all principal. The Notes are unsecured UBS debt, are not listed on an exchange, and their estimated initial value of $972.30 per $1,000 is lower than the 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 Dow Jones Industrial Average®, the Russell 2000® Index and the S&P 500® Index, maturing on December 21, 2028. The Notes pay a monthly contingent coupon at a rate of 8.85% per annum (or $7.375 per $1,000 Note) only if, on the relevant observation date, the closing level of each index is at or above its coupon barrier, set at 75.00% of its initial level.
UBS may, at its discretion, call the Notes in whole on any monthly observation date beginning after six months, returning the $1,000 principal plus any due coupon, after which no further payments are made. If the Notes are not called and, at maturity, the final level of each index is at or above its downside threshold (set at 60.00% of its initial level), investors receive full principal back, potentially plus the final coupon.
If the Notes are not called and any index finishes below its downside threshold, repayment is reduced based on the negative return of the least performing index, and investors can lose some or all of their principal. The issue price is $1,000 per Note, with an underwriting discount of $8.00 and estimated initial value between $957.80 and $987.80. All payments are subject to the credit risk of UBS.
UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the Dow Jones Industrial Average®, Russell 2000® Index and S&P 500® Index, maturing around December 29, 2027. Each Note has a $1,000 principal amount and pays a 9.30% per annum contingent coupon (about $7.75 monthly) only if on an observation date all three indices close at or above 70% of their initial level.
UBS may call the Notes in whole on any monthly observation date after six months, returning principal plus any due coupon, with no further payments. If not called and at maturity all indices are at or above their downside thresholds (70% of initial), investors receive full principal. If any index is below its downside threshold, repayment is reduced in line with the negative return of the worst-performing index, up to a total loss of principal.
The Notes are unsecured, unsubordinated UBS debt, not insured deposits, will not be listed, and include an estimated initial value between $959.20 and $989.20 per $1,000 Note and an underwriting discount of up to $8.50 per Note.
UBS AG is offering Trigger Callable Contingent Yield Notes linked to the S&P 500® Index, maturing around December 29, 2028, with a minimum denomination of $1,000 per Note. These unsecured senior notes pay a 7.00% per annum contingent coupon (about $5.8333 per month per Note) only if, on a monthly observation date, the S&P 500 closing level is at or above a coupon barrier set at 70% of the initial level.
UBS may, at its discretion, call the Notes in whole on any observation date beginning after three months; if called, holders receive the principal plus any due contingent coupon, and the Notes terminate early. If the Notes are not called and, on the final valuation date, the index is at or above a downside threshold set at 60% of the initial level, investors receive full principal back. If the final index level is below the downside threshold, repayment is reduced in line with the index loss, and holders can lose some or all of their initial investment.
Payments depend entirely on UBS's creditworthiness. The estimated initial value is expected between $959.50 and $989.50 per $1,000, reflecting fees, hedging costs and UBS's internal funding rate, and the Notes are not listed on any exchange.
UBS AG is offering Contingent Income Auto-Callable Securities linked to the common stock of Valero Energy Corporation, maturing on or about December 29, 2028. Each security has a stated principal amount of $1,000 and pays a contingent coupon of $26.375 per period (equivalent to 10.55% per annum) on each determination date when Valero’s closing price is at or above 60% of the initial price, the downside threshold level.
If on any non-final determination date Valero’s closing price is at or above 100% of the initial price (the call threshold level), the note is automatically redeemed for $1,000 plus the contingent coupon. If the notes are not called and Valero’s final price is at or above the downside threshold, investors receive $1,000 plus the last coupon at maturity. If the final price is below the downside threshold, UBS will pay a cash value based on the stock’s final price, and investors can lose a significant portion or all of their investment. The notes are unsecured, unsubordinated UBS AG debt, with an estimated initial value between $934.90 and $964.90 per $1,000.
UBS AG, through its London Branch, is offering Contingent Income Auto-Callable Securities due on or about December 29, 2028, linked to the common stock of Bank of America Corporation.
Each security has a stated principal amount of $1,000.00 and may pay a contingent coupon of $25.00 per determination date, equivalent to 10.00% per annum, but only if Bank of America’s closing price is at or above 75.00% of the initial price on that date. If on any non-final determination date the stock closes at or above 100.00% of the initial price, the notes are automatically redeemed for $1,000.00 plus the applicable contingent payment.
If the notes are not called and the final price is below the 75.00% downside threshold, UBS will pay a cash value equal to the exchange ratio multiplied by the final price, exposing investors 1-to-1 to any decline and potentially resulting in a total loss of principal. The securities are unsecured, unsubordinated obligations of UBS and their estimated initial value on the pricing date is expected to be between $937.10 and $967.10 per $1,000.00, reflecting underwriting discounts, hedging costs and UBS’ internal funding rate.
UBS AG, through its London Branch, is offering Trigger Autocallable Contingent Yield Notes with Memory Interest linked to the common stock of Paramount Skydance Corporation (PSKY), maturing around July 6, 2027. Each Note has a $1,000 principal amount and offers a contingent coupon targeted in a range of 14.25%–15.25% per annum, paid quarterly only if PSKY’s closing level on an observation date is at or above a coupon barrier set at 65% of the initial level. Missed coupons can be recovered later under the memory feature if the barrier is met on a future observation date.
The Notes may be automatically called early if PSKY closes at or above the call threshold of 100% of the initial level on any observation date before maturity, in which case investors receive principal plus the due contingent coupon and any unpaid past coupons, with no further payments. If not called, and PSKY is at or above the downside threshold (also 65% of the initial level) at maturity, investors receive full principal back. If PSKY finishes below the downside threshold, repayment is reduced one-for-one with the stock’s decline, and investors can lose their entire investment.
The offering highlights that the Notes are unsecured, unsubordinated UBS debt, subject to UBS’ credit risk and to potential Swiss regulatory resolution measures. The estimated initial value per Note is expected between $913.70 and $943.70, below the $1,000 issue price because of underwriting discounts, hedging and issuance costs and UBS’ internal funding rate. The Notes will not be listed, liquidity may be limited, and investors are cautioned that these instruments are significantly riskier than conventional bonds and provide no participation in PSKY price gains or dividends.
UBS AG is offering $500,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Generac Holdings Inc., maturing on December 21, 2026. The Notes pay a contingent coupon only if Generac’s share price on each observation date is at or above a specified coupon barrier; otherwise no coupon is paid for that period.
The Notes are automatically called early if Generac’s share price on any observation date before maturity is at or above the initial level, in which case investors receive the principal plus any due coupon and the product terminates. If the Notes are not called and Generac’s final share price is at or above the downside threshold, investors receive their principal at maturity; if it is below the downside threshold, repayment is reduced in line with the share price decline and can fall to zero.
The Notes are unsecured, unsubordinated debt of UBS, not listed on any exchange, and carry both market risk tied to Generac and credit risk of UBS. The minimum investment is 100 Notes at $10 each, and the estimated initial value per Note on the trade date is $9.74, reflecting UBS’ internal pricing models.
UBS AG is offering unsecured Trigger Autocallable Contingent Yield Notes linked to the common stock of Generac Holdings Inc., maturing on or about December 21, 2026. These market-linked notes can pay periodic contingent coupons if Generac’s stock closes at or above a preset coupon barrier on each observation date. The notes will be automatically called early if the stock closes at or above the initial level on any observation date before maturity, returning principal plus any due coupon, with no further payments.
If the notes are not called and Generac’s stock on the final valuation date is at or above a downside threshold, investors receive the $10 principal per note at maturity. If it finishes below that threshold, repayment is reduced in line with the stock’s decline and can fall to zero, causing a total loss of principal. Payments depend on UBS’s credit, and the notes are not insured or exchange-listed. The minimum investment is 100 notes at $10 each, and the estimated initial value is expected to be between $9.37 and $9.62 per note.
UBS AG is offering $500,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of The Mosaic Company, maturing in December 2026. These notes can pay periodic contingent coupons, but only when Mosaic’s share price on a given observation date is at or above a preset coupon barrier.
If Mosaic’s stock closes at or above the initial level on any observation date before maturity, the notes are automatically called and investors receive their principal back plus the applicable contingent coupon, with no further payments. If the notes are not called and Mosaic’s stock is at or above a downside threshold on the final valuation date, investors receive only their principal (and any final contingent coupon). If it finishes below the downside threshold, repayment is reduced in line with the stock’s decline, and investors can lose their entire investment. Payments also depend on the creditworthiness of UBS, and the notes will not be listed on any exchange. The estimated initial value is $9.81 per $10 note.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of The Mosaic Company, maturing on or about December 21, 2026. These unsecured debt securities can pay periodic contingent coupons only when Mosaic’s closing share price on an observation date is at or above a preset coupon barrier; otherwise no coupon is paid.
The notes may be automatically called before maturity if Mosaic’s share price on any observation date (other than the final one) is at or above the initial level, in which case investors receive the $10 principal per note plus the applicable contingent coupon and the product terminates. If the notes are not called and Mosaic’s final share price is at or above a downside threshold, investors receive back the $10 principal per note, plus any final contingent coupon.
If the notes are not called and Mosaic’s final share price is below the downside threshold, repayment is reduced in line with the stock’s decline, and investors can lose most or all of their initial investment. All payments depend on UBS’s credit; the estimated initial value is between $9.44 and $9.69 per $10 note.