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 $480,000 of Buffer Autocallable Contingent Yield Notes linked to the least performing of the VanEck Gold Miners ETF (GDX) and Energy Select Sector SPDR Fund (XLE), maturing on November 30, 2027. Each $1,000 Note can pay a 10.00% per annum contingent coupon if, on a monthly observation date, both ETFs close at or above their coupon barriers, set at 80% of initial levels. The Notes are automatically called quarterly, beginning after six months, if both ETFs are at or above their initial levels, returning principal plus any due coupon.
If not called, and at maturity both ETFs are at or above their downside thresholds (also 80% of initial levels), investors receive full principal. If any ETF finishes below its downside threshold, repayment is reduced based on the loss of the worst performer beyond a 20% buffer, and investors could lose almost all of their investment. Payments depend on UBS’s credit, the Notes are unsecured, and they will not be listed on an exchange. The estimated initial value is $941 per $1,000 Note.
UBS AG is offering $782,000 of Trigger Callable Contingent Yield Notes linked to the least performing of the Nasdaq-100, Russell 2000 and S&P 500 Indexes, maturing in May 2027. The Notes pay a monthly contingent coupon at a 10.20% per annum rate ($8.50 per $1,000) only if each index closes at or above 70% of its initial level on the relevant observation date.
UBS may 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, at maturity, every index is at or above its 70% downside threshold, investors receive full principal back; if any index finishes below its threshold, repayment is reduced in line with the worst index’s percentage loss, up to a complete loss of principal.
The Notes are unsecured obligations of UBS, are not insured, will not be listed on an exchange, and their estimated initial value is $968.80 per $1,000, reflecting embedded fees, hedging and funding costs.
UBS AG is offering $202,000 of Trigger Callable Contingent Yield Notes linked to the worst performer of the Nasdaq-100 Index®, Russell 2000® Index and S&P 500® Index, maturing on May 27, 2027. The Notes pay a contingent coupon at a rate of 7.80% per annum ($6.50 per $1,000 Note per month) only if on each monthly observation date all three indices are at or above their coupon barriers, set at 70.00% of their initial levels, which are also the downside thresholds.
UBS may call the Notes in whole, starting after three months, paying back principal plus any due coupon; afterward, no further coupons are paid. If the Notes are not called and any index finishes below its downside threshold, repayment is reduced dollar-for-dollar with the negative return of the least performing index, up to a total loss of principal. The Notes are unsecured obligations of UBS, not listed on any exchange, and have an estimated initial value of $953.10 per $1,000, reflecting fees, hedging and UBS’ internal funding rate.
UBS AG is offering Trigger Autocallable Contingent Yield Notes with Memory Interest linked to the common stock of Oracle Corporation, maturing on or about June 3, 2027. These unsecured debt notes pay a quarterly contingent coupon only if Oracle’s share price on each observation date is at or above a coupon barrier set at 65% of the initial level, with a stated coupon range of 16.50% to 18.50% per annum and a memory feature that can pay previously missed coupons when conditions are later met.
The notes are automatically called early if Oracle’s stock closes at or above 100% of the initial level on any observation date before maturity, in which case investors receive principal plus due and unpaid coupons and no further payments. If the notes are not called and Oracle’s final level is at or above the downside threshold (also 65% of the initial level), investors receive full principal at maturity; if it is lower, repayment is reduced one-for-one with Oracle’s decline, and all principal can be lost.
The estimated initial value per $1,000 note is expected to be between $936.10 and $966.10. All payments depend on the creditworthiness of UBS, and the notes will not be listed on any exchange.
UBS AG is offering approximately 2-year Trigger Callable Contingent Yield Notes linked to the least performing of the Russell 2000 Index and the S&P 500 Index. The Notes pay a monthly contingent coupon at an annual rate of 8.20% only if, on each observation date, both indices close at or above 70% of their initial levels. UBS may call the Notes quarterly after 6 months, paying principal plus any due coupon, and ending further payments.
If the Notes are not called and, at maturity in December 2027, both indices are at or above 60% of their initial levels, investors receive full principal back (plus the final coupon if the barriers are met). If any index finishes 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 estimated initial value is between $947.00 and $977.00 per $1,000 Note, and all payments are subject to UBS’s credit risk.
UBS AG is offering $2,336,000 of Phoenix Autocallable Buffer Notes with Memory Interest linked to the common stock of Uber Technologies, Inc., maturing on December 9, 2026. Each Note has a $1,000 principal amount and can pay a fixed contingent interest of $45.50 per Note per quarter if Uber’s closing price on the relevant observation date is at or above the interest barrier of $71.29, which is 85% of the initial price of $83.87. Missed coupons can be paid later if a future observation meets the barrier, due to the “memory” feature.
The Notes are automatically called if Uber’s price on any autocall observation date is at or above the initial price, returning principal plus due and previously unpaid contingent interest, with no further payments. If not called and Uber’s final price on the valuation date is at or above the downside threshold of $71.29, principal is repaid at maturity plus any due and previously unpaid coupons. If the final price is below the downside threshold, investors receive a cash amount linked to a share delivery formula that will be less than principal and could be zero, exposing them to significant loss.
Any payment depends entirely on the creditworthiness of UBS. The Notes are unsecured, unsubordinated debt, are not bank deposits, are not insured, and will not be listed on an exchange. The estimated initial value per Note is $980.20, lower than the $1,000 issue price, reflecting fees, hedging costs and UBS’ internal funding rate.
UBS AG is offering $1,175,000 of Trigger Callable Contingent Yield Notes linked to the least performing of the Nasdaq-100® Technology Sector Index, the Russell 2000® Index and the S&P 500® Index, maturing on October 26, 2027.
The Notes pay a 12.00% per annum contingent coupon (monthly, $10 per $1,000 Note) only if on each observation date all three indices close at or above their coupon barriers, set at 70% of initial levels. UBS may call the Notes in whole on any monthly observation date beginning after 3 months, returning principal plus any due coupon.
If the Notes are not called and any index finishes below its 70% downside threshold on the final valuation date, investors receive $1,000 multiplied by 1 plus the return of the worst-performing index, which can mean a substantial loss, up to losing the entire principal. All payments depend on UBS’s credit, and the estimated initial value of each Note ($968.40) is below the $1,000 issue price.
UBS AG is offering $1,216,000 of Trigger Callable Contingent Yield Notes linked to the least performing of the Dow Jones Industrial Average®, the Nasdaq-100® Technology Sector IndexSM and the Russell 2000® Index, maturing on October 28, 2027.
The Notes pay a monthly contingent coupon at 11.00% per annum (about $9.1667 per $1,000) only if, on each observation date, the closing level of every index is at or above its coupon barrier, set at 70.00% of the initial level for each index. UBS may, at its discretion, call the Notes in whole on any monthly observation date beginning after three months, returning principal plus any due coupon, after which no further payments are made.
If the Notes are not called and any index finishes below its downside threshold (also 70.00% of its initial level) on the final valuation date, investors receive $1,000 multiplied by 1 plus the return of the worst-performing index, which can mean a significant loss up to full principal. The Notes are unsecured debt of UBS AG London Branch, have an estimated initial value of $965.10 per $1,000, will not be listed on an exchange, and all payments depend on UBS’s creditworthiness.
UBS AG is offering $514,000 of Trigger Callable Contingent Yield Notes linked to the least performing of the Nasdaq-100, Russell 2000 and S&P 500 indexes, maturing on November 29, 2028. Each Note has a $1,000 principal amount and pays a contingent coupon at a rate of 9.55% per annum ($7.9583 per month) only if, on the relevant monthly observation date, all three indexes close at or above their coupon barriers, set at 75% of initial levels.
UBS may call the Notes in whole, beginning after three months, paying back principal plus any due contingent coupon; no further payments are made after a call. If the Notes are not called and, at maturity, each index is at or above its downside threshold (60% of initial level), investors receive full principal back, with any final contingent coupon if barriers are also met.
If, however, any index finishes below its downside threshold at maturity, the repayment is reduced one-for-one with the negative return of the worst-performing index, and investors can lose up to their entire investment. Payments depend on UBS’ credit; an issuer default could result in total loss. The estimated initial value per Note is $957.70, below the $1,000 issue price, reflecting dealer compensation, hedging and issuance costs.
UBS AG is offering $596,000 of Trigger Callable Contingent Yield Notes maturing around October 26, 2027, linked to the least performing of the Dow Jones Industrial Average, Nasdaq-100 Technology Sector Index and Russell 2000 Index. The Notes pay a contingent coupon at a rate of 10.15% per annum (about $8.4583 per $1,000 per month) only if, on each monthly observation date, all three indices close at or above 75% of their initial levels.
UBS can call the Notes in whole on any observation date after three months, paying principal plus any due coupon, after which no further payments are made. If not called, investors receive full principal at maturity only if each index is at or above 70% of its initial level; otherwise, repayment is reduced in line with the percentage loss of the worst-performing index and can fall to zero. The Notes are unsecured obligations of UBS, not listed on any exchange, have an estimated initial value of $951.30 per $1,000, and involve a risk of losing some or all of the initial investment.
UBS AG is offering $310,000 of Trigger Callable Contingent Yield Notes linked to the least performing of the Nasdaq-100 Index®, Russell 2000® Index and S&P 500® Index, maturing on November 27, 2028. The Notes pay a contingent coupon at a rate of 11.10% per annum (monthly $9.25 per $1,000) only if, on each observation date, all three indices close at or above their coupon barriers, set at 75% of their initial levels.
UBS may call the Notes in whole on any monthly observation date beginning after three months; if called, investors receive the $1,000 principal per Note plus any due coupon, and the Notes terminate. If the Notes are not called and, at maturity, all indices are at or above their downside thresholds, set at 60% of initial levels, investors receive full principal back (plus any final coupon if barriers are met.
If any index finishes below its downside threshold at maturity, repayment is reduced dollar-for-dollar with the loss on the worst-performing index, and investors can lose some or all of their principal. The Notes are unsecured obligations of UBS AG London Branch, carry UBS credit risk, have an estimated initial value of $965.50 per $1,000, are not listed on any exchange, and provide no dividends or upside participation in the indices.
UBS AG is offering $1,880,000 of Trigger Autocallable GEARS linked to Freeport-McMoRan Inc. common stock, due November 27, 2028. Each Security has a $10 principal amount and is issued by UBS AG London Branch. The note can be automatically called on November 30, 2026 if FCX’s closing price is at or above the autocall barrier of $39.87, paying a call price of $11.85 per Security, a fixed 18.50% total return.
If not called, at maturity investors get enhanced upside: principal plus the stock’s positive return multiplied by 1.30 upside gearing. If FCX ends at or above the downside threshold of $19.94 (50% of the initial $39.87), principal is repaid. If FCX finishes below the downside threshold, repayment is reduced one-for-one with the stock loss, up to a full loss of principal.
The Securities pay no interest, offer no dividends or voting rights, may have limited or no secondary market, and embed fees so their estimated initial value is $9.70 per $10. All payments depend on UBS’s credit; a UBS default or Swiss resolution measures could result in partial or total loss.
UBS AG is offering $1,342,000 of Trigger Autocallable Contingent Yield Notes, issued in $1,000 denominations, linked to the least performing of the VanEck Gold Miners ETF (GDX) and the Nasdaq-100 Technology Sector Index (NDXT) and maturing on May 26, 2027.
The Notes pay a 10.40% per annum contingent coupon only if on each monthly observation date the closing level of both underlying assets is at or above their coupon barriers (70% of initial levels). UBS may automatically call the Notes after three months if both underlyings are at or above their call threshold levels, in which case investors receive principal plus any due coupon and the Notes terminate early.
If the Notes are not called and, at maturity, any underlying finishes below its downside threshold (60% of its initial level), investors receive less than principal in line with the negative return of the worst performer and could lose their entire investment. The Notes are unsecured, unsubordinated obligations of UBS, are not FDIC insured, and carry UBS credit risk. The estimated initial value is $956.20 per Note, below the $1,000 issue price.
UBS AG is offering $350,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Constellation Energy Corporation, maturing on November 26, 2027. These are unsecured UBS debt obligations in $10 denominations, with a minimum investment of $1,000.
UBS pays a contingent coupon only if the Constellation Energy 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 the share price on any observation date (before final valuation) is at or above the initial level, in which case investors receive principal plus the due coupon and the product terminates.
If not called, and on the final valuation date the share price is at or above the downside threshold, investors receive full principal back (plus any final coupon if the barrier is met). If it is below the downside threshold, repayment is reduced in line with the share’s loss, and investors can lose all principal. An example shows a 14.55% per annum coupon and both the coupon barrier and downside threshold at 55.00% of the initial level. Any payment depends on UBS’s credit, the estimated initial value is $9.78 per $10 Note, and the Notes will not be listed on an exchange.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of NVIDIA Corporation, maturing on or about November 26, 2027. The Notes pay a contingent coupon only if NVIDIA’s closing level on an observation date is at or above a preset coupon barrier; otherwise no coupon is paid for that period.
The Notes are automatically called early if NVIDIA’s closing level on any observation date before maturity is at or above the initial level, in which case investors receive the $10 principal per Note plus any due coupon and no further payments. If the Notes are not called and the final level is at or above the downside threshold, investors receive their principal at maturity; if it is below, repayment is reduced in line with NVIDIA’s decline and can fall to zero.
The Notes are unsecured, unsubordinated debt of UBS, subject to UBS’s credit risk, will not be listed on an exchange, and have a minimum investment of 100 Notes at $10 each. The estimated initial value per Note on the trade date is expected to be between $9.51 and $9.76, lower than the issue price.
UBS AG is offering $305,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Advanced Micro Devices, Inc., maturing on November 27, 2028. The Notes pay a contingent coupon only if AMD’s stock is at or above a preset coupon barrier on each observation date; otherwise, no coupon is paid for that period.
The Notes can be automatically called early if AMD’s stock closes at or above the initial level on any observation date before maturity, in which case investors receive the principal plus the applicable contingent coupon and the product terminates. If the Notes are not called and AMD’s final stock level is at or above the downside threshold, investors receive back the full principal at maturity, plus any final contingent coupon if the coupon barrier is met. If the final level is below the downside threshold, repayment is reduced in line with the stock’s percentage loss, and investors can lose all of their investment. All payments depend on UBS’s credit, and the Notes are not listed on any exchange. The minimum investment is 100 Notes at $10 per Note, and the estimated initial value is $9.73 per Note.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of The Boeing Company, maturing on November 26, 2027. Each Note has a principal amount of $10, with a minimum investment of 100 Notes.
Holders receive a contingent coupon on each observation date only if Boeing’s share price is at or above the coupon barrier; otherwise no coupon is paid. The Notes are automatically called early if Boeing’s stock closes at or above the initial level on any observation date before the final valuation date, in which case the holder receives principal plus the applicable coupon and the Notes terminate.
If the Notes are not called and the final stock level is at or above the downside threshold, principal is repaid at maturity. If the final level is below the downside threshold, repayment is reduced one-for-one with Boeing’s decline, and all principal can be lost. An example structure shows a contingent coupon rate of 12.74% per annum, with a coupon barrier and downside threshold each at 75.00% of the initial level. All payments depend on the creditworthiness of UBS.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the VanEck Gold Miners ETF. These unsecured debt securities can pay periodic contingent coupons only when the ETF’s closing level on an observation date is at or above a preset coupon barrier; otherwise no coupon is paid for that period.
The notes can be automatically called before maturity if the ETF closes at or above the initial level on any observation date, in which case investors receive the principal plus any due coupon and the product terminates. If not called, and at final valuation in November 2027 the ETF is at or above the downside threshold, investors receive full principal back, possibly with a final coupon.
If the notes are not called and the ETF finishes below the downside threshold, repayment is reduced in line with the ETF’s loss and investors can lose their entire investment. Payments depend on UBS’s credit; a default could result in total loss. The minimum investment is 100 notes at $10 each, and the estimated initial value is $9.63 per note.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the American depositary receipts of Arm Holdings plc, maturing on May 26, 2027. These unsubordinated, unsecured debt obligations pay a contingent coupon only when the ADR’s closing level on an observation date is at or above a preset coupon barrier; otherwise no coupon is paid for that period.
The notes are automatically called early if, on any observation date before final valuation, the ADR closes at or above the initial level. In that case, investors receive the $10 principal per Note plus any due contingent coupon, and the product terminates. If not called, and the final ADR level is at or above a downside threshold, investors receive the principal at maturity; if it is below that threshold, repayment is reduced in line with the ADR’s percentage decline, and the entire investment can be lost.
Any payment depends on the creditworthiness of UBS, and the notes will not be listed on an exchange. The minimum investment is 100 Notes at $10 each, and the estimated initial value per Note is $9.65, based on UBS’ internal pricing models.
UBS AG is offering Bearish Barrier Early Redeemable Market Linked Notes tied to the S&P 500® Index, maturing on or about March 17, 2027. Each Note has a $1,000 principal amount and pays no interest. If on any trading day the index closes below 80% of its initial level, a barrier event occurs, the Notes are redeemed early and you only receive principal back with no positive return.
If no barrier event occurs and the final index level is at or above the initial level, you receive $1,000 plus a 3.50% digital return at maturity. If no barrier event occurs and the index finishes below the initial level but above or at the 20.00% lower barrier, you receive a positive return equal to the absolute value of the index decline, capped at 20.00%. The Notes are unsecured obligations of UBS, not insured deposits, with limited expected liquidity; the estimated initial value is between $963.40 and $993.40 per $1,000 Note.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the least performing of the Nasdaq-100 Index, Russell 2000 Index and S&P 500 Index, with a principal amount of $1,000 per Note and a term of approximately 18 months. The Notes pay a contingent coupon at a rate of 7.12% per annum only if, on a monthly observation date, the closing level of each index is at or above its coupon barrier, set at 70% of its initial level.
The Notes are automatically called after six months or later if, on an observation date, each index is at or above its call threshold of 100% of its initial level; in that case, holders receive principal plus the applicable contingent coupon and the product terminates. If the Notes are not called and, at maturity, each index is at or above its downside threshold of 65% of its initial level, investors receive full principal back (plus any final coupon if barriers are met).
If, at maturity, any index closes below its downside threshold, repayment is reduced one-for-one with the negative return of the worst-performing index, potentially to zero, so a total loss of principal is possible. All payments are subject to UBS credit risk. The estimated initial value per $1,000 Note is expected to be between $925.30 and $955.30, reflecting fees, hedging and UBS’s internal funding rate.
UBS AG is offering $1,091,000 of Trigger Callable Contingent Yield Notes linked to the least performing of the Nasdaq-100, Russell 2000 and S&P 500 indices, maturing on November 26, 2030. The Notes pay a contingent coupon of 14.55% per annum (monthly $12.125 per $1,000) only if, on each observation date, every index closes at or above its coupon barrier, set at 80% of its initial level. UBS may call the Notes in whole, starting after three months, paying back principal plus any due coupon, after which no further payments are made.
If the Notes are not called and, at maturity, every index is at or above its downside threshold (also 80% of its initial level), investors receive full principal back (plus any final coupon). If any index finishes below its downside threshold, the redemption amount is reduced one-for-one with the loss on the worst-performing index, and investors can lose up to 100% of principal. The Notes are unsecured obligations of UBS, not listed on any exchange, have an estimated initial value of $965.90 per $1,000, and involve complex market, liquidity, credit and tax risks.
UBS AG is offering $9,853,000 of Trigger Autocallable Notes linked to the least performing of the Russell 2000® Index and the EURO STOXX 50® Index, maturing on November 25, 2030. The notes may be automatically called quarterly if each index is at or above its call threshold, set at 100% of its initial level, paying the principal plus a call return based on a 12.27% per annum call return rate. If not called and both final index levels are at or above their downside thresholds of 75% of initial levels, investors receive only principal back at maturity. If at least one index finishes below its downside threshold, repayment is reduced in line with the loss in the worst index and can fall to zero. The notes pay no interest, offer no upside beyond the call return, and all payments depend on UBS’s credit. The estimated initial value is $967.90 per $1,000 note, below the issue price, reflecting fees and UBS’s internal funding rate.
UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the Russell 2000 Index and the S&P 500 Index, maturing around November 2, 2027. Each Note has a $1,000 principal amount and pays a monthly contingent coupon at an annual rate of 8.45% (about $7.0417 per month) only if on the relevant observation date the closing level of each index 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 3 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 each index is at or above its downside threshold (55% of initial level), investors receive full principal. If any index finishes below its downside threshold, repayment is reduced 1-for-1 with the negative return of the least performing index, and up to 100% of principal can be lost. All payments depend on UBS’s credit; the Notes are unsecured, not FDIC insured, and may have little or no secondary market.
UBS AG is offering unsecured Trigger Autocallable Notes linked to the least performing of the Russell 2000® Index and the S&P 500® Index, each with a $1,000 principal amount. The notes can be automatically called on annual observation dates if both indices are at or above their call threshold levels, initially set at 100% of each index’s initial level. If called, investors receive the call price, which equals principal plus a call return based on an 11.15% per annum call return rate; call prices range from $1,111.50 after one year up to $1,446.00 at maturity.
If the notes are not called and on the final valuation date both indices are at or above their downside thresholds (70% of initial levels), investors receive only their $1,000 principal back. If at least one index finishes below its downside threshold, the maturity payment is reduced dollar-for-dollar with the decline of the worst-performing index, and investors can lose all of their investment. The notes pay no interest, do not provide dividends, will not be listed on any exchange, and all payments depend on UBS’s credit. The estimated initial value is expected to be $938.60–$968.60 per $1,000 note, with an underwriting discount of $20 and proceeds to UBS of $980 per note.
UBS AG is offering Trigger Autocallable Notes linked to the least performing of the Russell 2000® Index and the S&P 500® Index, maturing on or about December 17, 2029. Each Note has a $1,000 principal amount and a fixed 13.15% per annum call return rate. The Notes are automatically called on annual observation dates if each index closes at or above its call threshold level, set at 100% of its initial level; investors then receive the call price (principal plus call return) and no further payments.
If the Notes are not called and on the final valuation date each index is at or above its downside threshold, set at 70% of its initial level, investors receive only their principal back. If at least one index finishes below its downside threshold, the maturity payment is reduced dollar-for-dollar with the decline of the worst-performing index, and investors can lose up to 100% of principal. The Notes pay no interest or dividends, are unsecured obligations of UBS, and all payments depend on UBS’ credit. The estimated initial value per $1,000 Note is expected to be between $958.60 and $988.60, below the issue price.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Oracle Corporation, maturing on November 26, 2027. These unsecured debt notes pay a contingent coupon only if Oracle’s 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 Oracle’s stock is at or above the initial level on any observation date before maturity, in which case investors receive the principal plus any due contingent coupon and no further payments. If the notes are not called and Oracle’s final stock level is at or above a downside threshold, investors receive their full principal at maturity. If the final level is below the downside threshold, repayment is reduced in line with Oracle’s decline and investors can lose all of their initial investment.
The notes are issued at $10 per Note with a minimum investment of 100 Notes, and the estimated initial value is $9.72 per Note. All payments depend on the creditworthiness of UBS, and the notes will not be listed on any securities exchange.
UBS AG is offering $380,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Alcoa Corporation, maturing on November 26, 2027. These unsecured debt notes pay a contingent coupon only if Alcoa’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 Alcoa’s stock closes at or above the initial level on any observation date before maturity, in which case investors receive the $10 principal per Note plus the due contingent coupon, with no further payments. If the notes are not called and Alcoa’s final level is at or above the downside threshold, principal is repaid at maturity. If the final level is below the downside threshold, repayment is reduced in line with the stock’s percentage loss, and investors could lose their entire investment.
The notes are subject to UBS credit risk, will not be listed on an exchange, have a minimum investment of 100 Notes at $10 each, and an estimated initial value of $9.80 per Note as of the trade date.
UBS AG is offering $1,577,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Micron Technology, Inc., maturing on November 25, 2030. Each Note has a $10 principal amount and pays a contingent coupon only when Micron’s share price on an observation date is at or above a preset coupon barrier.
The Notes are automatically called early if Micron’s share price is at or above the initial level on any observation date before maturity, returning principal plus the applicable coupon, with no further payments. If the Notes are not called and Micron’s final level is below the downside threshold, investors suffer the same percentage loss as the stock, up to a total loss of principal. All payments depend on UBS’s credit, and the estimated initial value is $9.73 per $10 Note.
UBS AG is offering $200,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Alcoa Corporation, maturing on November 26, 2027. The Notes pay a contingent coupon only if Alcoa’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 called early if Alcoa’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 the product terminates. If the Notes are not called and Alcoa’s final share price is at or above a downside threshold, principal is returned; if it is below this threshold, repayment is reduced in line with the stock’s decline and investors can lose all of their investment. The estimated initial value is $9.78 per $10 Note, and all payments depend on the creditworthiness of UBS.
UBS AG is offering $200,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Micron Technology, Inc., maturing on November 26, 2027. These unsecured debt obligations can pay contingent coupons only when Micron’s closing share price on an observation date is at or above a preset coupon barrier; otherwise no coupon is paid for that period.
The notes may be automatically called before maturity if Micron’s share price on an observation date (other than the final one) is at or above the initial level, in which case investors receive the principal plus any due coupon and the product terminates. If not called, investors receive full principal at maturity only if the final share price is at or above a downside threshold; below that level, repayment is reduced in line with Micron’s decline and all principal can be lost. Each note has a $10 principal amount, the minimum investment is 100 notes, and the estimated initial value is $9.77 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 Micron Technology, Inc., maturing on November 26, 2027. Each Note has a $10 principal amount, with a minimum investment of 100 Notes (a $1,000 purchase).
The Notes pay contingent coupons only if Micron’s share price on an observation date is at or above a preset coupon barrier. They are automatically called early if Micron’s stock is at or above the initial level on any observation date before maturity, in which case investors receive principal plus the applicable coupon and no further payments. If not called, investors receive full principal 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 can fall to zero. All payments depend on UBS’s credit, and the estimated initial value is $9.71 per $10 Note.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Oracle Corporation, maturing on or about November 26, 2027. These unsecured senior notes pay a contingent coupon only if Oracle’s closing level on an observation date is at or above a coupon barrier; otherwise no coupon is paid for that period.
The notes are automatically called early if Oracle’s closing level on any observation date before the final valuation date is at or above the initial level, in which case investors receive the principal plus any due contingent coupon and no further payments. If the notes are not called, and Oracle’s final level is at or above a downside threshold, investors receive their principal back at maturity. If the final level is below the downside threshold, repayment is reduced in line with Oracle’s decline and can fall to zero.
The notes are subject to the credit risk of UBS, are not bank deposits, are not insured, and will not be listed on any exchange. The minimum investment is 100 notes at $10 per note, and the estimated initial value on the trade date is expected to be between $9.52 and $9.77 per note, based on UBS internal pricing models.
UBS AG is offering $5,000,000 of Trigger Autocallable Contingent Yield Notes linked to the iShares® Russell 2000 ETF (IWM), maturing in November 2028. Each Note has a $10 principal amount and pays a 6.80% per annum contingent coupon (about $0.17 per quarter) only when IWM’s closing level on an observation date is at or above the coupon barrier of $140.08, which is 60.00% of the $233.47 initial level.
The Notes can be automatically called quarterly beginning after 12 months if IWM is at or above the call threshold level of $233.47 (100.00% of the initial level). On an automatic call, investors receive $10 per Note plus the applicable contingent coupon, and the Notes terminate.
If the Notes are not called and IWM is at or above the downside threshold of $140.08 at final valuation, investors receive full principal back (plus any final coupon). If IWM finishes below the downside threshold, repayment is reduced dollar-for-dollar with IWM’s loss, and investors can lose their entire principal. The Notes are unsecured, unsubordinated UBS debt, not listed on any exchange, and have an estimated initial value of $9.70 per $10 issue price.
UBS AG, through its London branch, is offering Capped Leveraged S&P 500® Index-Linked Medium-Term Notes that pay no interest and return a cash amount at maturity based solely on S&P 500 performance.
For each $1,000 note, investors get 300% of any positive index return, but gains are capped by a maximum settlement amount expected to be about 122%–127% of face value. If the index is flat at maturity, investors receive $1,000; if it falls, losses match the index decline on a 1:1 basis, up to a total loss of principal.
The notes have an expected term of 23–26 months, are unsecured obligations of UBS, will not be listed on an exchange, and have an estimated initial value of $966–$996 per $1,000, reflecting internal funding and hedging costs. The document also highlights complex U.S. tax treatment, potential Section 871(m) and FATCA withholding for some holders, limited or no secondary market liquidity, and broad Swiss regulatory powers that could affect repayment in a UBS resolution.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the shares of the KraneShares CSI China Internet ETF, maturing on or about November 24, 2026. These unsecured, unsubordinated notes can pay periodic contingent coupons, but only if the ETF’s closing level on the relevant observation date is at or above a preset coupon barrier.
The notes are subject to automatic call if, on any observation date before maturity, the ETF closes at or above its initial level. In that case, investors receive the principal plus any due contingent coupon, and the notes terminate early. If the notes are not called and the ETF’s final level is at or above a downside threshold, investors receive full principal at maturity, with any final contingent coupon if the coupon barrier is also met.
If the notes are not called and the ETF’s final level is below the downside threshold, repayment is reduced in line with the ETF’s loss, and investors can lose all of their initial investment. Any payment depends on the creditworthiness of UBS. The minimum investment is 100 notes at $10 each, and the estimated initial value per note on the trade date is expected to be between $9.43 and $9.68.
UBS AG is offering $200,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of NVIDIA Corporation, scheduled to mature on November 24, 2028. These unsecured debt notes pay a contingent coupon only when NVIDIA’s closing share price on a quarterly observation date is at or above a preset coupon barrier; otherwise, no coupon is paid for that period.
The notes are automatically called before maturity if NVIDIA’s stock closes at or above the initial level on an observation date, in which case investors receive the $10 principal per Note plus any due coupon, and the product ends. If the notes are not called and NVIDIA’s final level on the valuation date is at or above the downside threshold, investors receive their full principal back (and a final coupon if the coupon barrier is met). If the final level is below the downside threshold, repayment is reduced in line with the stock’s percentage loss, and investors can lose up to their entire investment.
The notes are not listed on any exchange, and any payment depends on UBS’s credit. The minimum investment is 100 Notes at $10 each, and the estimated initial value is $9.69 per Note, reflecting UBS’s internal pricing and funding costs.
UBS AG is offering $460,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of NVIDIA Corporation, maturing on November 24, 2027. The Notes pay a contingent coupon only if NVIDIA’s share price on each observation date is at or above a preset coupon barrier; otherwise no coupon is paid for that period. UBS will automatically call the Notes before maturity if NVIDIA’s share price is at or above the initial level on an observation date, repaying the $10 principal per Note plus any due coupon, with no further payments.
If the Notes are not called and NVIDIA’s final share price on the valuation date is at or above the downside threshold, investors receive back their principal at maturity. If it is below the downside threshold, repayment is reduced in line with the stock’s decline, and the entire investment can be lost. Any payment depends on UBS’s credit; a UBS default could result in a total loss. The minimum investment is 100 Notes ($1,000 total), and the estimated initial value is $9.80 per $10 Note.
UBS AG is offering $1,250,000 of Step Down Trigger Autocallable Notes, issued in $1,000 denominations and linked to the Solactive U.S. Large Cap Volatility Navigator 40 Index. The notes can be automatically called monthly after 12 months if the index closes at or above a declining call threshold, paying principal plus a call return based on a 13.00% per annum rate; the longer the notes remain outstanding, the higher the call price, up to 65.00% total at the final observation.
If the notes are never called and the index finishes below the 50.00% downside threshold (137.64 versus an initial level of 275.27), repayment at maturity equals $1,000 times (1 + index return), so investors lose one‑for‑one with the index and could lose their entire principal. The notes do not pay coupons or dividends, have no upside participation beyond the call return, are not exchange‑listed, and carry full credit risk of UBS. The estimated initial value is $964.00 per note, below the $1,000 issue price, reflecting fees, hedging costs and UBS’s internal funding rate.
UBS AG is offering Capped Buffer Contingent Absolute Return Securities linked to the S&P 500 Index, with a total issue of $2,100,000 in $1,000 denominations maturing on December 17, 2026. The notes provide upside exposure to the index up to a maximum gain of 15.00%, for a maximum payment of $1,150 per Security if the index rises sufficiently.
If the index return is zero or negative but the final level stays at or above the downside threshold of 6,060.70 (90% of the 6,734.11 initial level), investors receive a contingent positive return equal to the absolute value of the index loss multiplied by the 0.50 downside participation rate, effectively capped at a 5.00% gain, or $1,050. Below the downside threshold, principal is reduced one-for-one beyond the 10% buffer, and investors can lose almost all of their investment.
The Securities pay no interest, do not provide dividends, are not listed on any exchange and may have limited or no secondary market. All payments depend on the creditworthiness of UBS; the estimated initial value is $994.40 per $1,000, reflecting underwriting discounts, hedging and issuance costs.
UBS AG is offering preliminary Trigger Autocallable Contingent Yield Notes linked to the American depositary receipts of Petróleo Brasileiro S.A. The unsecured Notes pay contingent coupons only when the Petrobras ADR closes at or above a specified coupon barrier on an observation date, and they can be called early if the ADR closes at or above the initial level, returning principal plus any due coupon.
If the Notes are not called and the final ADR level is at or above the downside threshold, investors receive the $10 principal amount per Note at maturity; if it is below the downside threshold, repayment is reduced in line with the ADR’s decline and can result in a total loss. The Notes are offered in minimums of 100 Notes at $10 each, are not listed on any exchange, and carry UBS credit risk. The estimated initial value on the trade date is expected to be between $9.15 and $9.40 per $10 Note.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of UnitedHealth Group Incorporated, maturing on or about February 22, 2027. Each Note has a $10 principal amount, with a minimum investment of 100 Notes ($1,000).
Investors receive a contingent coupon on each observation date only if the underlying stock closes at or above a specified coupon barrier; 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, returning principal plus the applicable contingent coupon, with no further payments.
If the Notes are not called and the final stock level is at or above the downside threshold, investors receive back only the principal at maturity. If the final level is below that threshold, repayment of principal is reduced in line with the negative stock return, and investors can lose their entire investment. Any payment depends on the creditworthiness of UBS, the Notes will not be listed on an exchange, and the estimated initial value is expected to be between $9.48 and $9.73 per $10 Note.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Intel Corporation, maturing on or about November 20, 2028. These unsecured debt obligations pay a contingent coupon only if Intel’s closing share price on an observation date is at or above a preset coupon barrier; otherwise no coupon is paid for that period.
The Notes are automatically called if, on any monthly observation date starting after three months, Intel’s share price is at or above the initial level, in which case investors receive the principal plus any due contingent coupon and the Notes terminate. If the Notes are not called and Intel’s final share price is at or above the downside threshold at maturity, investors receive their full principal back, plus a final contingent coupon if the coupon barrier is also met.
If the Notes are not called and Intel’s final share price is below the downside threshold, repayment is reduced dollar-for-dollar with Intel’s decline, and investors can lose some or all of their initial investment. All payments, including any contingent coupons and principal repayment, depend on the creditworthiness of UBS. The Notes are offered in minimum denominations of 100 Notes at $10 each, and the estimated initial value is expected to be between $9.48 and $9.73 per Note.
UBS AG is offering unsecured Trigger Autocallable Contingent Yield Notes linked to the common stock of UnitedHealth Group Incorporated, maturing on or about November 20, 2028. The Notes pay a contingent coupon only if the stock closes at or above a preset coupon barrier on each observation date; if it is below the barrier, no coupon is paid for that period.
The Notes are automatically called early if, on any quarterly observation date beginning after 6 months, the stock closes at or above its initial level. In that case, investors receive the principal amount plus any due contingent coupon, and the Notes terminate. If the Notes are not called and the final stock level is at or above a downside threshold, investors receive only the principal at maturity; if it is below the threshold, repayment is reduced in line with the stock’s decline, and the entire investment can be lost.
Each Note has a $10 denomination with a minimum investment of 100 Notes, and the estimated initial value per Note on the trade date is expected to be between $9.39 and $9.64. Payments depend entirely on the creditworthiness of UBS, the Notes are not insured by any government agency, and they will not be listed on any securities exchange.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Advanced Micro Devices, Inc., maturing on November 20, 2028. Each Note has a principal amount of $10 and pays a contingent coupon on scheduled dates only if AMD’s stock closes at or above a preset coupon barrier on the relevant observation date.
The Notes are automatically called early if AMD’s stock closes at or above the initial level on a quarterly observation date after an initial period, in which case investors receive principal plus any due contingent coupon, and the Notes terminate. If the Notes are not called and AMD’s final stock level is at or above the downside threshold, investors receive full principal at maturity; if it is below, repayment is reduced in line with AMD’s decline and can fall to zero.
Any payment on the Notes depends on UBS’s ability to meet its obligations. The estimated initial value is $9.67 per $10 Note, and the Notes are not listed on any exchange, so liquidity may be limited.
UBS AG is offering $140,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Applied Materials, Inc., maturing on November 22, 2027. These are unsecured, unsubordinated debt obligations of UBS.
Investors receive a contingent coupon only on dates when the Applied Materials share price is at or above a preset coupon barrier; if it is below that level, 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 UBS repays the principal plus any due coupon and the notes terminate.
If the notes are not called and the stock is at or above a downside threshold at maturity, UBS repays the full principal. If the stock is below that threshold, repayment is reduced in line with the stock’s percentage decline, and all principal can be lost. Any payment depends on UBS’s credit. The notes are not listed, have a minimum investment of 100 notes at $10 each, and an estimated initial value of $9.73 per $10 note.
UBS AG is offering $368,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of NVIDIA Corporation, maturing on November 22, 2027. Each Note has a $10 principal amount, with a minimum investment of 100 Notes.
Investors receive a contingent coupon on each observation date only if NVIDIA’s closing level is at or above a specified coupon barrier; otherwise no coupon is paid for that period. The Notes are automatically called early if NVIDIA’s level on any observation date before maturity is at or above the initial level, in which case investors receive principal plus any due coupon and no further payments.
If the Notes are not called and NVIDIA’s final level on the November 18, 2027 final valuation date is at or above a downside threshold, investors receive full principal at maturity; if it is below that threshold, repayment is reduced in line with the stock’s percentage decline and could fall to zero. All payments depend on UBS’s credit, and the estimated initial value is $9.81 per $10 Note.
UBS AG is offering $180,000 of Trigger Autocallable Contingent Yield Notes linked to Intel Corporation common stock, maturing on November 22, 2027. These $10-denomination notes can pay periodic contingent coupons only when Intel’s stock closes at or above a specified coupon barrier on each observation date.
The notes are automatically called early if Intel’s stock closes at or above the initial level on any observation date before maturity, in which case investors receive the $10 principal plus any due coupon and no further payments. If the notes are not called and Intel’s final stock level is at or above the downside threshold, investors receive full principal at maturity, with any final coupon if the barrier is met.
If the notes are not called and Intel’s final level is below the downside threshold, the maturity payment is reduced in line with the stock’s percentage decline, and investors can lose all of their initial investment. All payments, including any repayment of principal, depend on the creditworthiness of UBS. The estimated initial value is $9.78 per $10 note.
UBS AG is offering $300,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of United Airlines Holdings, Inc., maturing on November 22, 2027. The Notes pay a contingent coupon only on observation dates when United Airlines’ share price closes at or above a preset coupon barrier; 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 holders 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 a downside threshold, principal is repaid at maturity. If the final level is below that threshold, repayment is reduced in line with the stock’s decline, and the entire investment can be lost.
Any payment depends on the creditworthiness of UBS AG. The Notes are not listed, require a minimum investment of 100 Notes ($1,000), and have an estimated initial value of $9.77 per $10 Note.
UBS AG, through its London branch, is offering Trigger Callable Yield Notes that pay a fixed 13.90% per annum coupon, linked to the least performing of the Nasdaq-100 Index®, Russell 2000® Index and EURO STOXX 50® Index. The notes run for about 12 months and can be called monthly by UBS after three months; if called, investors receive the $1,000 principal plus the coupon due on the call date, with no further payments.
If the notes are not called and no trigger event occurs—meaning none of the indices closes below 70% of its initial level on any day in the observation period—investors receive full principal at maturity plus the final coupon. If a trigger occurs and any index finishes below its initial level, principal is reduced in line with the percentage loss of the worst-performing index, up to a total loss of the $1,000 principal. The notes are unsecured obligations of UBS, are not FDIC-insured, will not be listed on an exchange, and have an estimated initial value of $946.60 to $976.60 per $1,000 issue price.