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

UBS AG is offering $735,000 of Trigger Callable Contingent Yield Notes due August 3, 2027. The Notes are unsecured debt linked to the least performing of the Dow Jones Industrial Average, Nasdaq-100 and S&P 500. They pay a 12.30% per annum contingent coupon if all three indices meet coupon barriers on observation dates; otherwise no coupon is paid. UBS may call the Notes monthly (first callable after ~3 months). At maturity holders receive principal only if each index is at or above its 70.00% downside threshold; otherwise payment is reduced in line with the percentage decline of the least performing index, potentially resulting in substantial loss.

UBS AG offers $617,000 of Buffer Callable Contingent Yield Notes due June 29, 2029

The Notes pay a contingent coupon of 9.00% per annum (when each underlying meets its coupon barrier) and are linked to the least performing of the Nasdaq-100, Russell 2000 and S&P 500 indices. The issuer may call the Notes quarterly (beginning after six months). Principal repayment at maturity applies only if the final level of every underlying asset is at or above its downside threshold; otherwise principal is reduced by the underperformance of the least performing underlying asset in excess of a 15% buffer. Payments are unsecured and subject to UBS credit risk; secondary market liquidity is limited and the issue price exceeds the estimated initial value.

UBS AG offers Conversion Yield Notes linked to a 20-Year U.S. Treasury Bond. The Notes pay a coupon of 6.20% per annum and have a principal amount of $1,000 per Note with an approximately six-month term. At maturity on January 6, 2027, if the underlying bond's final clean price is at or above the initial clean price, UBS will repay the $1,000 principal; if the final clean price is lower, UBS will deliver a calculated physical delivery amount of the underlying U.S. Treasury Bond (with cash in lieu of any fractional portion), which will likely be worth less than principal and may produce a loss. All payments and deliveries are subject to UBS' creditworthiness. The estimated initial value range on the trade date is between $953.80 and $983.80. The offering is subject to final pricing in a pricing supplement.

UBS AG is offering $3,026,000 of Barrier Market Linked Notes linked to the spot price of gold. The Notes mature on June 30, 2028 and have a principal amount of $1,000 per Note. If a barrier event occurs on any trading day during the observation period, holders receive principal plus a conditional return of 8.00% at maturity. If no barrier event occurs and the final price exceeds the initial price, holders receive principal plus the underlying return subject to a maximum gain of 42.50% (maximum payment $1,425.00 per Note). The initial spot (initial price) is $4,072.05 with an upper barrier of $5,802.67. Trade date is June 26, 2026 and settlement is June 30, 2026. The estimated initial value per Note on the trade date is $975.10. Payments, including repayment of principal, are subject to UBS credit risk; these Notes do not pay interest and may have little or no secondary market.

UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the Nasdaq-100® Technology Sector, the Russell 2000® Index and the S&P 500® Index. The offering totals $22,196,000 at an issue price of $1,000 per Note with an estimated initial value of $989.20. The Notes provide a 13.10% per annum contingent coupon payable only when each underlying asset meets its coupon barrier on an observation date, are callable by UBS beginning after three months, and mature on December 30, 2027. At maturity holders face contingent repayment of principal tied to the percentage return of the least performing underlying asset and may lose a significant portion or all of their investment; payments are subject to UBS credit risk.

UBS AG is offering $27,669,250 of Buffer Autocallable GEARS linked to an unequally weighted basket of five equity indices with a maturity date of June 29, 2029.

The securities pay no interest, have a minimum investment of $1,000, an autocall barrier of 100%, call return rate of 11.00% (call price $11.10 on the observation date), upside gearing of 1.958, a buffer of 10.00% and a downside threshold equal to 90.00% of the initial basket level. Estimated initial value on the trade date was $9.722 per Security. Payments and principal are subject to UBS credit risk and market outcomes; in adverse scenarios you may lose some or almost all of your initial investment.

UBS AG is offering two separate series of Trigger Autocallable Contingent Yield Notes linked to the common stock of Devon Energy Corporation and Netflix, Inc.. The offerings total $4,500,000 (Devon) and $11,660,000 (Netflix) at an issue price of $10.00 per Note. Trade date is June 26, 2026, settlement June 30, 2026, final valuation date June 26, 2029, and maturity June 29, 2029. Contingent coupon rates are 10.50% per annum for the Devon notes and 10.00% per annum for the Netflix notes. Each series is callable quarterly beginning after six months if the underlying meets the call threshold (100% of the initial level). Principal repayment at maturity is contingent on the final level relative to the downside threshold (51.50% of initial level); if the final level is below that threshold, principal is reduced proportionally and could be fully lost. Payments and principal are subject to UBS credit risk. The estimated initial values per Note are $9.68 (Devon) and $9.673 (Netflix).

UBS AG is offering $3,650,000 of Trigger Callable Contingent Yield Notes due July 1, 2030 linked to the least performing of shares of the State Street Energy Select Sector SPDR ETF (XLE), the Russell 2000 Index and the Nasdaq-100 Technology Sector. The notes pay a contingent coupon of 16.40% per annum only when each underlying meets its coupon barrier on monthly observation dates (callable monthly after six months). The issue price is $1,000 per Note (estimated initial value $988 per Note) and proceeds to UBS total $3,640,875. If UBS does not call the Notes and the final level of any underlying is below its downside threshold (typically 60% of initial level), principal is reduced proportionally to the performance of the least performing underlying; in extreme cases you could lose all principal. All payments are subject to the creditworthiness of UBS.

UBS AG is offering $37,110,500 of Trigger Callable Contingent Yield Notes linked to the least performing of the Nasdaq-100, Russell 2000 and S&P 500. Trade date is June 26, 2026, settlement June 30, 2026 and maturity December 28, 2029. The Notes pay a contingent coupon of 13.50% per annum for an observation period only if each index closes at or above its coupon barrier on every trading day of that period. UBS may call the Notes on each quarterly observation end date; if not called, principal is repaid at maturity only if every index’s final level is at or above its 60% downside threshold. If the least performing underlying asset finishes below its downside threshold, holders suffer a loss equal to that asset’s percentage decline; extreme outcomes can include total loss. The issue price is $10.00 per Note (minimum 100 Notes) and the estimated initial value on the trade date is $9.90.

UBS AG is offering Airbag Autocallable Yield Notes linked to IBM common stock with a $3,250,000 issue size. The Notes pay a fixed 14.50% per annum coupon monthly unless automatically called on quarterly observation dates. If not called and the final level is below the conversion level ($219.53), holders receive 4.5552 shares per Note (or cash for fractional shares), exposing investors to potential loss of some or all principal. The term runs from a June 25, 2026 strike date to a June 30, 2027 maturity; payments are subject to UBS credit risk.

UBS AG is offering $3,145,000 of Capped Buffer GEARS linked to the S&P 500® Index maturing December 29, 2028. Each Security has a $1,000 principal amount, upside gearing of 2.00, a maximum gain of 24.70% (maximum payment $1,247.00) and a 10.00% buffer (downside threshold 6,621.74 based on an initial level of 7,357.49). Payments at maturity depend on the underlying return: positive returns are multiplied by the upside gearing but capped at the maximum gain; negative returns that breach the downside threshold can produce losses of principal, potentially approaching total loss. Any payment, including contingent repayment of principal, is subject to UBS credit risk. The estimated initial value per Security was $972.30 and the issue price is $1,000.

UBS AG is offering $9,434,100 of Trigger Autocallable GEARS linked to the common stock of ASML Holding N.V.. Each Security has a $10 principal amount, a 30.00% call return if automatically called on the observation date, 2.00 upside gearing at maturity, and a term maturing on June 29, 2029. The Securities are subject to an automatic call if ASML’s closing level on the observation date (scheduled July 1, 2027) is equal to or greater than the autocall barrier of $1,794.62 (100.00% of the initial level). If not called, payments at maturity depend on the underlying return and a downside threshold of $1,166.50 (65.00% of the initial level). The estimated initial value as of the trade date was $9.71 per Security; any payment depends on UBS’s creditworthiness and market outcomes.

UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the Dow Jones Industrial Average, the Nasdaq-100 and the S&P 500, maturing March 31, 2027. The Notes pay a fixed contingent coupon on each coupon payment date only if the closing level of each underlying asset equals or exceeds its coupon barrier on the related observation date; otherwise no coupon is paid.

The Notes are callable by UBS on monthly observation dates beginning after ~3 months; if called UBS pays principal plus any contingent coupon otherwise due on the call settlement date. If not called, repayment at maturity is contingent: full principal is returned only if each underlying asset’s final level is at or above its downside threshold (70% of initial level); otherwise payment equals $1,000 times (1 + return of the least performing underlying asset), which can result in substantial loss, including loss of the entire principal. All payments are subject to UBS credit risk. Key numeric terms (per Note): principal $1,000, contingent coupon rate 11.65% per annum (total potential contingent coupon 8.7375% of principal if not called), trade date June 25, 2026, final valuation date March 25, 2027.

UBS AG is offering $5,954,720 of Capped GEARS linked to the S&P 500® Index, sold at $10.00 per Security with a minimum purchase of 100 Securities. The notes mature on August 31, 2027 (final valuation date August 26, 2027) and have an upside gearing of 3.00 and a maximum gain of 14.80%. At maturity you receive principal plus the lesser of (underlying return × 3.00) or the 14.80% cap if the index is up; if the index is down you suffer the full downside of the underlying return. Payments are unsecured obligations of UBS and depend on UBS creditworthiness.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Micron Technology common stock due July 3, 2028. The Notes pay periodic contingent coupons only if the underlying closes at or above the coupon barrier on observation dates and may be automatically called early if the underlying closes at or above the initial level on any prior observation date. If not called and the final level is below the downside threshold, principal repayment at maturity is contingent and can result in losses equal to the percentage decline in the underlying, potentially losing the entire investment. Trade date and settlement are June 29, 2026 and July 1, 2026; final valuation and maturity are June 29, 2028 and July 3, 2028. The estimated initial value was $9.73 per $10 Note. All payments are subject to UBS credit risk.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to CrowdStrike common stock due July 3, 2028.Each Note has a $10 principal amount and may pay periodic contingent coupons only if the underlying stock closes at or above the coupon barrier on observation dates. The Notes will be automatically called early if the underlying closes at or above the initial level on any observation date before the final valuation date, producing a call settlement payment of principal plus any contingent coupon. If not called and the final level is at or above the downside threshold, principal is repaid at maturity; if below that threshold, repayment is reduced pro rata to the underlying return and investors could lose a significant portion or all principal. Payments (including contingent coupons and any principal) are subject to the issuer credit risk of UBS AG. The estimated initial value per Note on the trade date is $9.81, and the Notes are offered in minimum investments of 100 Notes.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Micron Technology, Inc. The Notes pay periodic contingent coupons only if the underlying stock closes at or above a coupon barrier on observation dates and are automatically called if the stock closes at or above the initial level on an observation date.

If not called, principal is repaid at maturity only if the final level is at or above the downside threshold; otherwise payment at maturity reflects the underlying return and could result in a substantial or total loss of principal. The Notes are unsecured obligations of UBS and repayment is subject to UBS credit risk.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of CrowdStrike Holdings, Inc. The Notes pay periodic contingent coupons only when the underlying stock closes at or above a coupon barrier on observation dates and are subject to automatic early redemption if the underlying closes at or above the initial level on any observation date prior to maturity. If not called and the final level is below the downside threshold, principal repayment at maturity is reduced in proportion to the underlying return; in extreme cases you could lose all principal. Trade date is June 29, 2026, settlement July 1, 2026, final valuation date June 29, 2028 and maturity July 3, 2028. Minimum initial investment is 100 Notes at $10 per Note.

UBS AG is offering $325,000 Trigger Autocallable Contingent Yield Notes linked to the common stock of AppLovin Corporation due July 2, 2029. The Notes pay periodic contingent coupons only if observation-date closes meet the coupon barrier and may be automatically called early if an observation-date close equals or exceeds the initial level. If not called, principal repayment at maturity is contingent: if the final level is below the downside threshold (example: $50.00, 50% of initial level), principal is reduced pro rata to the underlying return. Minimum investment is 100 Notes at $10 per Note; the estimated initial value on the trade date is $9.69. Any payment, including principal, is subject to UBS's creditworthiness.

UBS AG offers Trigger Autocallable Contingent Yield Notes linked to Fluor Corporation due July 2, 2029. The Notes pay periodic contingent coupons only if the underlying stock's closing level meets a coupon barrier on observation dates and may be automatically called early if the underlying reaches the initial level on an observation date. If not called, principal repayment at maturity is contingent: full principal is paid only if the final level is at or above the downside threshold; otherwise repayment falls in proportion to the underlying return and could result in a total loss. The Notes have a minimum purchase of 100 Notes ($1,000), an estimated initial value of $9.66 per Note, and example contingent coupon rate of 12.05% per annum.

UBS AG is offering $535,000 in Trigger Autocallable Contingent Yield Notes linked to the common stock of NVIDIA Corporation, maturing on July 2, 2029. The Notes pay a contingent coupon only when the underlying's closing level on an observation date is at or above a stated coupon barrier; otherwise no coupon is paid. The Notes will be automatically called early if the underlying's closing level on any observation date prior to the final valuation date is equal to or greater than the initial level; in that event UBS will pay principal plus any contingent coupon due on the related coupon payment date. If not called, principal is repaid at maturity only if the final level is at or above the downside threshold; if the final level is below that threshold, the principal repayment will be reduced proportionally to the underlying return, and investors could lose a substantial portion or all of their investment. Payments are subject to UBS credit risk. Trade date: June 29, 2026; settlement: July 1, 2026; final valuation date: June 28, 2029.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Advanced Micro Devices, Inc., maturing on July 3, 2028. The Notes pay periodic contingent coupons only if the underlying meets the coupon barrier on observation dates and will be automatically called early if the underlying equals or exceeds the initial level on any observation date. If not called, principal repayment at maturity is contingent: full principal is returned only if the final level is at or above the downside threshold; if the final level is below that threshold, repayment is reduced pro rata in line with the underlying return and investors can lose a significant portion or all principal. The Notes are unsecured obligations of UBS and any payment depends on UBS’s creditworthiness. Trade and settlement dates are June 29, 2026 and July 1, 2026, with final valuation on June 29, 2028 and maturity on July 3, 2028. The estimated initial value per Note is $9.80, principal is $10 per Note, and minimum investment is 100 Notes ($1,000).

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Broadcom Inc. The Notes mature on January 3, 2028 with a final valuation date of December 30, 2027. The Notes pay periodic contingent coupons only if the underlying closes at or above a coupon barrier on observation dates and will be automatically called early if the underlying closes at or above the initial level on any monthly observation date beginning after six months. If not called, principal is repaid at maturity only if the final level is at or above the downside threshold; otherwise repayment declines in proportion to the underlying return and full loss of principal is possible. The estimated initial value on the trade date is $9.76 per $10 Note and minimum purchase is 100 Notes ($1,000).

The issuer UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Uber Technologies, Inc. The Notes pay periodic contingent coupons only if the underlying stock closes at or above a coupon barrier on observation dates and are autocallable if the underlying closes at or above the initial level on any observation date prior to the final valuation date. If not called, principal repayment at maturity is contingent: full principal is paid if the final level is at or above the downside threshold; if below, repayment is reduced in direct proportion to the underlying return and a total loss is possible. The Notes are unsecured obligations subject to UBS credit risk. Trade date is June 29, 2026, final valuation date is June 29, 2028, and maturity is July 3, 2028. The Notes are offered in minimum increments of 100 Notes at $10 per Note. The estimated initial value is $9.79.

UBS AG offers preliminary pricing for $• Trigger Autocallable Contingent Yield Notes linked to the common stock of NVIDIA Corporation, with final terms set on the trade date and payments contingent on the underlying stock levels.

Trade date is June 29, 2026, settlement July 1, 2026, final valuation date June 28, 2029 and expected maturity July 2, 2029. Minimum investment is 100 Notes at $10 per Note. Notes pay contingent coupons only if observation-date levels meet the coupon barrier, are autocallable if levels meet or exceed the initial level on an observation date, and return principal at maturity only if the final level is at or above the downside threshold. Estimated initial value as of the trade date is between $9.36 and $9.61.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Fluor Corporation stock due about July 2, 2029. The Notes pay periodic contingent coupons only if the underlying closing level meets a coupon barrier on observation dates, and are subject to automatic early call if the underlying closes at or above the initial level on an observation date. At maturity, if not called, principal repayment is contingent: full principal is paid only if the final level is at or above a disclosed downside threshold; if below, repayment declines proportionally to the underlying return, and investors could lose a significant portion or all principal. Payments are subject to UBS credit risk. Trade date is June 29, 2026, settlement July 1, 2026, final valuation date June 28, 2029, and maturity July 2, 2029.

UBS AG is marketing a preliminary offering of Trigger Autocallable Contingent Yield Notes linked to the common stock of AppLovin Corporation, with a trade date of June 29, 2026, expected settlement on July 1, 2026 and maturity on July 2, 2029. The Notes pay periodic contingent coupons only if the underlying stock closes at or above a coupon barrier on observation dates and are subject to an automatic call if the stock closes at or above the initial level on an observation date prior to the final valuation date. If not called, principal repayment at maturity is contingent: full principal is paid only if the final level is at or above a disclosed downside threshold; otherwise principal is reduced proportionally to the underlying return, and investors could lose a significant portion or all of their investment. The preliminary pricing supplement shows a hypothetical contingent coupon rate of $24.47% per annum, an estimated initial value range of $9.33 to $9.58 per Note, and a principal denomination of $10 per Note.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Broadcom Inc. The preliminary pricing supplement dated June 29, 2026 sets a trade date of June 29, 2026, settlement on July 1, 2026, a final valuation date of December 30, 2027 and maturity on January 3, 2028. The Notes pay contingent coupons only when the underlying closing level meets or exceeds the coupon barrier on observation dates and are subject to monthly automatic calls beginning after six months if the underlying equals or exceeds the initial level. Principal is repaid at maturity only if the final level is at or above the downside threshold; otherwise principal is reduced proportionately to the underlying return. The Notes are unsecured obligations of UBS and repayment is subject to UBS credit risk. The minimum investment is 100 Notes ($1,000) and the estimated initial value range is $9.41 to $9.66 per Note.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Advanced Micro Devices, Inc. The preliminary pricing supplement sets a Trade Date of June 29, 2026, Settlement Date July 1, 2026, Final Valuation Date June 29, 2028 and Maturity Date July 3, 2028.

The Notes pay a periodic contingent coupon only if the underlying's closing level on an observation date is at or above the coupon barrier; they autocall early if the underlying on an observation date is at or above the initial level. If not called and the final level is below the downside threshold, principal is reduced pro rata to the underlying return; extreme losses, including total loss of principal, are possible. The Notes have a principal amount of $10 per Note, a minimum purchase of 100 Notes ($1,000), and an estimated initial value range of $9.44–$9.69 on the trade date.

UBS AG offers Trigger Autocallable Contingent Yield Notes linked to the common stock of Uber Technologies, Inc. The preliminary pricing supplement dated June 29, 2026 sets key dates: trade date June 29, 2026, settlement July 1, 2026, final valuation date June 29, 2028 and maturity July 3, 2028. Each Note has a principal amount of $10 and a minimum investment of 100 Notes ($1,000). The Notes pay periodic contingent coupons only if the underlying closing level on an observation date meets or exceeds the coupon barrier; they autocall early if the underlying reaches or exceeds the initial level on any observation date. If the Notes are not called and the final level is below the downside threshold, principal repayment is reduced pro rata to the underlying return and investors may lose a significant portion or all principal. Estimated initial value range on the trade date is $9.44 to $9.69. Any payments depend on UBS's creditworthiness.

UBS is offering Capped Leveraged Buffered S&P 500® Index-Linked Medium-Term Notes with a face amount of $1,000 per note and an expected term of 15–17 months. The notes pay no interest, provide 150.00% upside participation subject to a cap, include a 10.00% buffer against losses up to that level, and are capped at a maximum settlement amount expected to be between $1,136.95 and $1,160.65 per $1,000. The estimated initial value is expected to be between $955.50 and $985.50 per $1,000, while the issue price is 100.00% with an underwriting discount of 1.25%. Payments depend on the S&P 500® closing level on a single determination date; if the final level falls below the buffer, investors may lose a substantial part or all of their investment. Notes are unsecured obligations of UBS and carry issuer credit risk.

UBS AG is offering preliminary terms for Trigger Callable Contingent Yield Notes linked to the least performing of the Nasdaq-100, S&P 500 and Russell 2000, due on or about July 15, 2031. The notes pay a contingent coupon only when each underlying meets coupon barriers on observation dates; otherwise no coupon is paid.

The preliminary contingent coupon rate is 15.86% per annum on a $1,000 principal example. The issue price is shown as $1,000.00 per Note with an underwriting discount of $3.20 and proceeds to UBS of $996.80 per Note. The estimated initial value range on the trade date is $961.60 to $991.60. The notes are callable monthly by UBS beginning after three months; if not called and the final level of any underlying asset is below its downside threshold (80.00% of initial level), principal will be reduced proportionately to the least performing underlying asset.

UBS AG is offering Trigger Callable Contingent Yield Notes with Daily Close Monitoring Knock-In linked to the least performing of the Nasdaq-100, Russell 2000 and S&P 500. The notes pay a contingent coupon of 13.10% per annum on an observation date only if each underlying closes at or above its coupon barrier; UBS may call the notes in whole on monthly observation dates beginning after six months. If a trigger event occurs (any underlying below its downside threshold on any trading day) and the least performing underlying finishes below its initial level at maturity, principal repayment will be reduced pro rata, potentially to zero. Trade date is July 10, 2026, settlement July 15, 2026, final valuation date January 10, 2028, maturity January 13, 2028. Issue price per note is $1,000.00 with underwriting discount $5.50 and proceeds to UBS of $994.50. The estimated initial value range is $962.00–$992.00. All payments are subject to UBS credit risk.

UBS AG is offering Airbag Callable Contingent Yield Notes linked to the least performing of three ETFs (GDXJ, GLD, SILJ) with a stated principal amount of $1,000 per Note and an expected term of approximately 6 months. The Notes pay periodic contingent coupons only if the closing level of each underlying asset meets its coupon barrier on an observation date; otherwise no coupon is paid. UBS may call the Notes in whole on monthly observation dates beginning after three months; if not called, repayment at maturity depends on whether each underlying asset is at or above its downside threshold. The threshold percentage is 30.00%, producing a downside leverage of approximately 1.4286, meaning you lose ≈1.4286% of principal for each 1% decline of the least performing underlying asset beyond the threshold. The contingent coupon rate is 17.70% per annum (total potential contingent coupons 8.85% of principal if not called). Estimated initial value range is $958.90 to $988.90 per Note; the issue price exceeds that estimated value. All payments are subject to UBS credit risk; you may lose some or all of your investment.

UBS AG is offering Buffer Autocallable Contingent Yield Notes linked to the S&P 500® Index with an issue price of $1,000.00 per Note. The Notes pay a contingent coupon of 6.85% per annum when observation-date levels meet the coupon barrier and are callable monthly beginning after approximately 12 months.

If not called, at maturity on October 6, 2027 the Notes repay principal only if the final level is at or above the downside threshold of 85.00% of the initial level; otherwise investors absorb losses beyond the buffer of 15%. The call threshold is 100.00% of the initial level and the coupon barrier is 75.00% of the initial level. Estimated initial value range on the trade date is $962.60 to $992.60 per Note. All payments are subject to UBS credit risk.

UBS AG is offering Trigger Autocallable Contingent Yield Notes with Memory Interest linked to the common stock of United Airlines Holdings, Inc. The Notes have a principal amount of $1,000 per Note, an expected term of approximately 18 months and multiple quarterly observation dates beginning September 30, 2026. The contingent coupon rate will be set on the trade date and is shown on the cover as 14.75% to 15.75% per annum. The Notes may be automatically called on any observation date if the closing level of the underlying stock is at or above the call threshold (100% of the initial level as indicated on the cover). At maturity, if the Notes are not called and the final level is below the downside threshold (60.00% of the initial level), holders will receive a share delivery amount equal to $1,000 divided by the initial level (or cash for any fractional share), which could be worth significantly less than the principal. Payments, including contingent coupons and any principal repayment, are subject to UBS credit risk. The trade date is June 30, 2026, expected settlement is July 6, 2026, final valuation date is December 30, 2027 and maturity is January 4, 2028.

UBS AG proposes an offering of Capped Buffer GEARS linked to the Russell 2000® Index due on or about February 2, 2028. Each Security has an issue price of $1,000 per Security and provides enhanced upside through an upside gearing of 1.50 subject to a maximum gain of 19.05%. The Securities offer a 20.00% buffer against downside at maturity: if the final level is at or above the 80.00% downside threshold, UBS will repay the principal amount; if the final level is below the downside threshold, investors will incur losses equal to the index decline in excess of the buffer and could lose almost all of their investment. Payments are unsubordinated, unsecured obligations of UBS and are subject to UBS credit risk. The preliminary pricing shows an estimated initial value range of $968.70 to $998.70 per Security and an underwriting discount of $5.00 per Security.

UBS AG is offering Trigger Callable Contingent Yield Notes due on or about July 12, 2029 linked to the least performing of the S&P 500® Index, the Nasdaq-100® Index and the Russell 2000® Index. The notes have a 11.60% per annum contingent coupon (if each underlying meets its coupon barrier on an observation date) and are callable by UBS monthly beginning after three months. If UBS calls early you receive principal plus any contingent coupon then due; if not called, repayment at maturity depends on whether each underlying’s final level is at or above its 60.00% downside threshold (principal repaid) or below it (principal reduced in line with the percentage decline of the least performing underlying asset). The issue price is $1,000.00 per Note, underwriting discount is $7.00 per Note and estimated initial value ranges between $960.30 and $990.30 as of the trade date. Payments depend on UBS creditworthiness and the Notes will not be exchange‑listed.

UBS AG proposes Trigger Autocallable Contingent Yield Notes linked to the common stock of Uber Technologies, Inc. Each Note has a principal amount of $1,000, a contingent coupon rate set on the trade date in the range 11.40%–11.65% per annum, a trade date of June 30, 2026, expected settlement on July 6, 2026, and maturity on or about July 6, 2028.

The Notes pay contingent coupons only if the underlying closing level on an observation date is at or above the coupon barrier. The Notes are automatically called if the underlying equals or exceeds the call threshold (illustratively 100% of the initial level). If not called and the final level is below the downside threshold (illustratively 55% of the initial level), holders receive a share delivery amount (principal divided by initial level) at maturity, which can result in a substantial loss of principal. Estimated initial value is stated as between $947.40 and $977.40 per Note; the issue price includes underwriting and other costs. Investments are unsecured obligations of UBS and subject to UBS credit risk.

UBS AG offers $5,715,000 principal of Trigger Callable Contingent Yield Notes linked to the least performing of IGV, XLRE and XLU, due December 29, 2028. The notes pay a contingent coupon of 11.55% per annum when each underlying meets its coupon barrier on an observation date, are callable monthly by UBS beginning after three months, and repay principal at maturity only if all final levels are at or above their 55.00% downside thresholds; otherwise repayment reflects the percentage return of the least performing underlying, potentially resulting in significant loss or total principal loss. The estimated initial value was $981.80 per note; issue price is $1,000 per note.

UBS AG is offering Trigger Autocallable Contingent Yield Notes with Memory Interest linked to the common stock of Constellation Energy Corporation. Each Note has a principal amount of $1,000, quarterly observation dates and a term of approximately two years (expected maturity July 6, 2028). Investors may receive periodic contingent coupons only if the underlying's closing level meets the coupon barrier on observation dates; otherwise coupons are unpaid but can be recovered later under the memory feature. The Notes are automatically called if the underlying equals or exceeds the call threshold on any observation date, and at maturity holders receive cash equal to principal only if the final level is at or above the downside threshold; otherwise holders receive a share delivery amount that may be worth significantly less than principal. Payments and any repayment of principal are subject to UBS credit risk. The estimated initial value range is $945.60 to $975.60 per Note and the contingent coupon rate range is 13.00% to 13.30% per annum.

UBS AG offers $2,009,000 of Trigger Callable Contingent Yield Notes linked to the least performing of the Dow Jones Industrial Average®, the Nasdaq-100 Index® and the Russell 2000® Index, due December 30, 2027. The Notes pay a contingent coupon of 9.90% per annum on a coupon payment date only if each underlying asset's closing level on the related observation date is equal to or above its coupon barrier; otherwise no coupon is paid. UBS may call the Notes monthly beginning after approximately three months; if called, holders receive principal plus any contingent coupon due on the call settlement date. If not called and any underlying's final level is below its 70.00% downside threshold, principal repayment at maturity will be reduced in proportion to the decline of the least performing underlying asset, possibly resulting in a substantial loss or a total loss of principal. The estimated initial value per Note was $974.20 and the issue price per Note is $1,000.00.

UBS AG offers Trigger Autocallable Contingent Yield Notes with Memory Interest linked to the least performing of COPX, URA and XLU. The Notes have a $1,000 issue price per Note, a 13.00% per annum contingent coupon rate (if coupon barriers are met), monthly observation dates (callable after 12 months), a final valuation date of July 10, 2031 and a maturity date of July 15, 2031. Coupons are paid only when each underlying meets its coupon barrier; the Notes autocall if each underlying meets its call threshold on an observation date. If not called, principal repayment at maturity is contingent on the least performing underlying meeting its downside threshold; otherwise investors can suffer partial or total loss and remain exposed to UBS credit risk.

UBS AG is offering Trigger Autocallable Contingent Yield Notes with Memory Interest linked to the common stock of Amazon.com, Inc. The offering size is $1,920,000 (principal amount $1,000 per Note). The notes pay a 10.50% per annum contingent coupon when the underlying meets the coupon barrier on observation dates and include a memory interest feature that can pay previously unpaid coupons if later triggered. The initial level is $232.69, the call threshold is 100.00% of the initial level ($232.69), and the coupon barrier and downside threshold are 65.00% of the initial level ($151.25). Trade date is June 26, 2026, settlement June 30, 2026, final valuation date June 26, 2029, and maturity June 29, 2029. The estimated initial value per Note is $975.60, below the issue price. Payments, including any principal repayment, are subject to UBS credit risk; if the final level is below the downside threshold and the Notes are not called, you may suffer a loss of principal, potentially up to the entire investment.

The UBS AG Trigger Callable Contingent Yield Notes offer linked to the least performing of the Russell 2000® Index, the S&P 500® Index and shares of the State Street® Energy Select Sector SPDR® ETF mature on July 1, 2031. The offering totals $653,000 at an issue price of $1,000 per Note with an estimated initial value of $988.50. The Notes pay a monthly contingent coupon only if each underlying asset meets its coupon barrier on each observation date; otherwise no coupon is paid. UBS may call the Notes in whole on monthly observation dates beginning after three months. At maturity holders receive principal only if every underlying asset is at or above its 50% downside threshold; otherwise repayment is reduced pro rata by the negative return of the least performing underlying asset, possibly causing a substantial or total loss. All payments depend on UBS creditworthiness.

UBS AG is offering Capped Buffer GEARS linked to the Nasdaq-100 Index® with an approximate 18-month term. Each Security has a principal amount of $1,000, upside gearing 1.50, a maximum gain 20.625% and a 20.00% buffer. If the final level is at or above the downside threshold, principal is repaid; if below, losses occur for the portion exceeding the buffer. Estimated initial value range is $958.80–$988.80. Payments and any principal repayment are subject to UBS credit risk. Trade date is July 28, 2026 and maturity is February 2, 2028.

UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the Nasdaq-100 Index and the S&P 500 Index with a term to June 29, 2028. The offering totals $2,761,000 at an issue price of $1,000 per Note. Notes pay a contingent coupon of 12.45% per annum on each coupon date only if both indices meet their coupon barriers on the related observation dates; otherwise no coupon is paid. UBS may call the Notes monthly (beginning after three months). If not called, principal repayment at maturity is contingent: full principal is returned only if both indices finish at or above a 70.00% downside threshold; otherwise payment is reduced by the negative return of the least performing index, and you could lose a significant portion or all of your investment. The estimated initial value per Note on the trade date was $993.80, below the issue price.

UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the S&P 500®, Russell 2000® and Nasdaq-100®. The offering totals $2,158,000 with an issue price of $1,000 per Note and an estimated initial value of $993.30 per Note. The Notes pay a contingent coupon of 13.25% per annum only if each underlying asset on an observation date equals or exceeds its coupon barrier; otherwise no coupon is paid. Each underlying asset has a downside threshold equal to 70% of its initial level; if the final level of the least performing underlying asset is below its downside threshold, principal repayment at maturity will be reduced proportionally and you could lose a large portion or all of your investment. UBS may call the Notes monthly beginning after approximately three months; if called you receive principal plus any contingent coupon then due. Any payments are subject to UBS' creditworthiness. The Notes will not be listed on an exchange and secondary-market values may differ from the estimated initial value.

UBS AG is offering $3,310,000 in Trigger Autocallable Notes linked to the least performing of the Russell 2000® Index and the EURO STOXX 50® Index. The notes pay a call return if both underlyings meet call thresholds on quarterly observation dates; otherwise principal at maturity is contingent on the least performing underlying and could result in substantial loss. The notes have a call return rate of 11.70% per annum, a downside threshold of 70% of each initial level, an issue price of $1,000 per note and an estimated initial value of $958.70.