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

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Royal Caribbean Cruises Ltd., due on or about June 29, 2028. The notes pay periodic contingent coupons only if the underlying closing level meets a coupon barrier on observation dates and may be automatically called early if the underlying meets or exceeds the initial level on an observation date.

The notes return principal at maturity only if the final level is at or above a stated downside threshold; if the final level is below that threshold, investors suffer a principal loss equal to the percentage decline in the underlying and could lose their entire investment. Minimum investment is 100 notes at $10 per note. The preliminary pricing shows an estimated initial value range of $9.42 to $9.67 determined by UBS’ internal models; final terms will be set on the trade date.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Blackstone Inc. common stock due June 29, 2028. The Notes pay periodic contingent coupons only if the underlying closing level on observation dates is at or above a coupon barrier and will be automatically called early if the underlying closing level on any prior observation date is at or above the initial level. If not called, principal is repaid at maturity only if the final level is at or above the downside threshold; otherwise repayment falls in proportion to the underlying return, and investors can lose a significant portion or all of their investment. Trade date is June 25, 2026, settlement June 29, 2026. The Notes have a $10 principal amount per Note, an estimated initial value of $9.67, and a minimum investment of 100 Notes ($1,000).

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Advanced Micro Devices, Inc. with an expected trade date of June 25, 2026, settlement on June 29, 2026 and maturity on June 29, 2029. The Notes pay periodic contingent coupons only if the underlying closing level on observation dates meets or exceeds a coupon barrier and may be automatically called early if the underlying equals or exceeds the initial level on any quarterly observation date beginning after 12 months. 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; otherwise repayment declines pro rata with the underlying return and could result in loss of all principal. Payments are subject to UBS credit risk. The expected principal amount per Note is $10 and the estimated initial value range on the trade date is between $9.43 and $9.68. Terms will be finalized on the trade date and are subject to the Offering Documents.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Fluor Corporation common stock that mature on June 29, 2028. The Notes pay contingent coupons only when the underlying closing level meets or exceeds a coupon barrier on observation dates and are automatically called early if the underlying equals or exceeds the initial level on any prior 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 investors suffer a loss equal to the underlying return, potentially losing all principal. Payments depend on UBS's creditworthiness. Trade date: June 25, 2026; settlement: June 29, 2026. Minimum investment: 100 Notes ($1,000). The estimated initial value per Note was $9.69 on the trade date.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Blackstone Inc. The Notes have a principal amount of $10 per Note and pay contingent coupons only if the underlying stock meets coupon barriers on observation dates. The Notes can be automatically called early if the underlying equals or exceeds the initial level on an observation date. If not called, principal is repaid at maturity only if the final level is at or above a downside threshold of $70 (70.00% of the initial level); otherwise repayment at maturity declines in proportion to the underlying return and investors could lose a significant portion or all of their investment. Key dates: trade date June 25, 2026, settlement June 29, 2026, final valuation date June 27, 2028, maturity June 29, 2028. The preliminary pricing supplement shows an estimated initial value range of $9.37 to $9.62 per Note and a hypothetical contingent coupon rate of 15.97% per annum (contingent coupon $0.3993 on a $10 Note). All payments are subject to UBS credit risk and the final terms will be set on the trade date.

UBS AG priced a preliminary offering for Trigger Autocallable Contingent Yield Notes linked to the common stock of Fluor Corporation, with a trade date of June 25, 2026, expected settlement on June 29, 2026 and maturity on June 29, 2028.

The Notes pay periodic contingent coupons only if the underlying closing level meets or exceeds a coupon barrier on observation dates, feature an automatic call if the underlying equals or exceeds its initial level on an observation date, and repay principal at maturity only if the final level is at or above a disclosed downside threshold; otherwise principal is exposed to the underlying's decline.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Texas Instruments common stock due June 29, 2028. The notes pay a contingent coupon on scheduled coupon dates only if the underlying closes at or above the coupon barrier on observation dates; otherwise no coupon is paid. UBS will automatically call the notes early if the underlying closes at or above the initial level on any observation date prior to the final valuation date, in which case holders receive principal plus any contingent coupon payable on the related coupon payment date. If not called, principal repayment at maturity is contingent: if the final level is at or above the downside threshold holders receive the $10 principal; if below, holders receive $10 x (1 + underlying return) and can lose a substantial portion or all of principal. All payments are subject to UBS creditworthiness. Trade date is June 25, 2026, settlement expected June 29, 2026, final valuation date June 27, 2028 and maturity June 29, 2028.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Texas Instruments Incorporated with a trade date of June 25, 2026, expected settlement on June 29, 2026 and maturity on June 29, 2028. The Notes pay periodic contingent coupons only if the underlying's closing level on an observation date meets or exceeds a coupon barrier, may be automatically called early if the underlying equals or exceeds the initial level on an observation date, and repay contingent principal at maturity only if the final level is at or above a downside threshold; otherwise holders suffer downside market exposure tied to the percentage decline in the underlying. The Notes are unsecured obligations of UBS and payments depend on UBS creditworthiness. The offering is preliminary; final terms (including exact quantities and final pricing) will be set on the trade date and are subject to delivery of final Offering Documents.

The issuer UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of American Airlines Group Inc. The Notes pay periodic contingent coupons only if the underlying closes at or above a coupon barrier on observation dates and may be automatically called early if the underlying equals or exceeds the initial level on an observation date. If not called, principal repayment at maturity is contingent: if the final level is at or above the downside threshold you receive the principal amount; if the final level is below the downside threshold you receive an amount equal to $10 x (1 + underlying return), which can result in a substantial or total loss of principal. Key dates: Trade Date June 25, 2026; Settlement Date June 29, 2026; Final Valuation Date June 27, 2028; Maturity Date June 29, 2028. Estimated initial value on the trade date is $9.73. Notes are unsecured obligations of UBS and payments depend on UBS creditworthiness. Minimum investment: 100 Notes ($1,000).

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Cognizant Technology Solutions stock due June 29, 2027. The Notes pay periodic contingent coupons only when the underlying closing level on an observation date meets or exceeds a specified coupon barrier, and will be automatically called early if the underlying closing level on any observation date before the final valuation date is at or above the initial level. If the Notes are not called, principal is repaid at maturity only if the final level is at or above a downside threshold; otherwise principal is reduced in proportion to the underlying return, and investors could lose a significant portion or all of their investment. Trade date is June 25, 2026, settlement June 29, 2026, final valuation date June 25, 2027 and maturity June 29, 2027. The minimum investment is 100 Notes at $10 per Note and the estimated initial value on the trade date was $9.76. All payments are subject to UBS credit risk.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Accenture plc stock due June 29, 2029. 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 observation date prior to maturity. If not called, repayment at maturity is contingent: if the final level is at or above the downside threshold you receive the $10 principal per Note; if below, you receive $10 x (1 + underlying return), which can result in a substantial loss or a total loss of principal. Payments depend on UBS’s creditworthiness. The trade date is June 25, 2026, settlement June 29, 2026, final valuation date June 27, 2029, and maturity June 29, 2029.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to American Airlines Group Inc. common stock due on or about June 29, 2028. The Notes pay periodic contingent coupons only if the underlying's closing level on an observation date meets or exceeds a coupon barrier and are automatically called early if the underlying equals or exceeds the initial level on an observation date.

If not called, principal repayment at maturity is contingent: investors receive the $10 principal if the final level is at or above the downside threshold; if the final level is below that threshold, repayment equals $10 x (1 + underlying return), exposing investors to the underlying's negative return and possible total loss. Trade date is June 25, 2026, settlement June 29, 2026, final valuation date June 27, 2028.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Cognizant Technology Solutions Corporation, with final terms set on the trade date. The notes have a trade date of June 25, 2026, expected settlement on June 29, 2026, a final valuation date of June 25, 2027 and an expected maturity on June 29, 2027.

The notes pay periodic contingent coupons only if the closing level of the underlying stock on an observation date is at or above the coupon barrier; an automatic call will occur if the closing level on any observation date prior to the final valuation date is at or above the initial level, in which case holders receive principal plus any contingent coupon then due. If not called and the final level is below the downside threshold, principal repayment at maturity is reduced pro rata to the underlying return, potentially resulting in substantial loss or loss of the entire investment. Minimum purchase is 100 notes at $10 per note.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Accenture plc, with an expected trade date of June 25, 2026 and maturity on June 29, 2029. Each Note has a $10 principal amount and may pay periodic contingent coupons only if the underlying stock meets the coupon barrier on observation dates; the Notes will be automatically called early if the underlying equals or exceeds the initial level on any prior observation date. If not called, repayment at maturity is contingent: full principal is paid only if the final level is at or above the downside threshold, otherwise principal is reduced pro rata to the underlying return, potentially resulting in a total loss. The estimated initial value range on the trade date is between $9.23 and $9.48. All payments are subject to UBS credit risk.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Microsoft Corporation due June 29, 2028. The Notes pay a contingent coupon only if the underlying closing level on an observation date meets or exceeds the coupon barrier and will be automatically called early if the underlying closes at or above the initial level on any observation date prior to the final valuation date. 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 investors could lose a significant portion or all of their principal. Payments are subject to the creditworthiness of UBS. The Notes have a minimum investment of 100 Notes at $10 per Note and an estimated initial value of $9.78 as of the trade date.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Broadcom Inc. The Notes have a principal amount of $10 per Note, are offered in minimum blocks of 100 Notes ($1,000) and carry trade and settlement dates of June 25, 2026 and June 29, 2026. The Notes mature on June 29, 2028 with a final valuation date of June 27, 2028. UBS will pay contingent coupons only if the closing level of the underlying asset on an observation date is equal to or greater than the coupon barrier; otherwise no coupon is paid for that period. The Notes will be automatically called 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 case UBS pays principal plus any contingent coupon due on the call settlement date and no further payments will be made. If the Notes are not called and the final level is below the downside threshold, principal repayment at maturity will be reduced proportionally to the underlying return, and in extreme cases investors could lose all of their principal. The document discloses an illustrative contingent coupon rate of 21.53% per annum and an estimated initial value of $9.71 per Note. All payments are subject to the creditworthiness of UBS.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to CrowdStrike common stock due June 29, 2028. The Notes pay contingent coupons only if the underlying closes at or above a 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, principal is repaid at maturity only if the final level meets or exceeds a disclosed downside threshold; otherwise repayment at maturity is reduced pro rata to the underlying return, potentially resulting in significant loss or total loss of principal. Payments depend on UBS creditworthiness. The Notes have a minimum purchase of 100 Notes at $10 per Note and an estimated initial value of $9.79.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Microsoft Corporation. The preliminary pricing supplement dated June 25, 2026 describes notes that pay a periodic contingent coupon only if the underlying closes at or above a coupon barrier on observation dates and that are subject to an automatic call if the underlying closes at or above the initial level on an observation date prior to maturity.

Key logistics in the excerpt: trade date June 25, 2026, settlement date June 29, 2026, final valuation date June 27, 2028, and maturity date June 29, 2028. Minimum investment is 100 Notes at $10 per Note. The estimated initial value range is $9.44 to $9.69 per Note. The excerpt discloses a 70.00% downside threshold (example) and warns that if the final level is below that threshold, principal repayment may be reduced and investors could lose a significant portion or all of their investment.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Freeport-McMoRan Inc. due June 29, 2028. The notes pay a contingent coupon on scheduled coupon dates only if the underlying closing level on an observation date is at or above the coupon barrier; otherwise no coupon is paid. The notes are automatically called early if the underlying closes at or above the initial level on any prior observation date; an automatic call triggers payment of the principal plus any contingent coupon then due. If not called, repayment at maturity depends on the final level: if the final level is at or above the downside threshold (stated as $70.00, or 70% of the initial level), UBS will repay the principal amount of $10 per note; if the final level is below that threshold, repayment equals $10 x (1 + underlying return), which can result in a substantial loss, including loss of the entire principal. Trade date is June 25, 2026, settlement June 29, 2026. The estimated initial value on the trade date is $9.71. Minimum investment is 100 notes ($1,000). All payments are subject to UBS credit risk.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Broadcom Inc. The Notes pay a contingent coupon only when the underlying stock closes at or above a coupon barrier on observation dates and may autocall early if the stock meets or exceeds the initial level on an observation date. The Notes have a $10 principal amount per Note, trade date June 25, 2026, expected settlement June 29, 2026 and maturity on or about June 29, 2028. If not called and the final level is below the downside threshold, principal repayment at maturity is contingent and may result in a loss equal to the underlying return, possibly the full principal. The document discloses an estimated initial value range of $9.41 to $9.66 per Note and an illustrative contingent coupon rate of 20.97% per annum ($0.5243 per $10 Note per coupon example). All payments are subject to UBS AG's creditworthiness.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Netflix, Inc., maturing on June 29, 2028. The Notes pay a contingent coupon only if the underlying closing level on an observation date is at or above the coupon barrier and will be automatically called early if the underlying closes at or above the initial level on any observation date prior to the final valuation date. 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 the final level is below that threshold, repayment equals $10 × (1 + Underlying Return), which can result in substantial loss, including total loss of principal. Payments depend on UBS creditworthiness. The estimated initial value as of the trade date is $9.86, and the Notes are sold in $10 increments with a $1,000 minimum investment.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of CrowdStrike Holdings, Inc. The notes carry periodic contingent coupons paid only if the underlying closes at or above a coupon barrier on observation dates and feature an automatic call if the underlying 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 if the final level is at or above the downside threshold; if below, repayment equals $10 multiplied by (1 + underlying return), exposing investors to the underlying's negative return and potential loss of most or all principal. Trade date is June 25, 2026, settlement June 29, 2026, final valuation date June 27, 2028, and maturity June 29, 2028. Minimum investment is 100 Notes at $10 per Note; estimated initial value is between $9.44 and $9.69 per Note. All payments are subject to UBS credit risk.

The issuer UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Eli Lilly and Company due June 29, 2029. 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 underlying closes at or above the initial level on any observation date prior to the final valuation date. If not called, repayment at maturity is contingent: holders receive full principal only if the final level is at or above a disclosed downside threshold; if below, principal is reduced pro rata to the underlying return and investors may lose a significant portion or all of their investment. Payments are subject to UBS credit risk. Trade date is June 25, 2026 and settlement is expected June 29, 2026; final valuation date is June 27, 2029. The estimated initial value per Note is $9.72 and Notes are offered in minimum investments of 100 Notes at $10 per Note.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Freeport-McMoRan Inc., due on or about June 29, 2028. The final terms will be set on the trade date; the preliminary pricing supplement is dated June 25, 2026.

The Notes pay periodic contingent coupons only if the underlying closing level on an observation date is at or above the coupon barrier and can be automatically called early if the underlying equals or exceeds the initial level on an observation date. If not called, principal repayment at maturity is contingent: if the final level is below the downside threshold you may incur a loss linked to the underlying return, potentially losing all principal. Example illustrative terms show a principal amount of $10 per Note, a hypothetical contingent coupon rate of 22.70% per annum (contingent coupon of $0.5675 per payment), an estimated initial value range of $9.41–$9.66, and a minimum purchase of 100 Notes ($1,000). The Notes are unsecured obligations of UBS and subject to UBS credit risk.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Netflix, Inc. The preliminary pricing supplement dated June 25, 2026 describes notes due on or about June 29, 2028 that pay contingent coupons only if the underlying closing level meets specified barriers and that may be automatically called early if the underlying closes at or above the initial level on an observation date. 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 $9.49 to $9.74 on the trade date. If not called, principal repayment at maturity is contingent on the final level relative to a downside threshold; if the final level is below that threshold, repayment will be reduced proportionally and could result in the loss of a significant portion or all of principal. All payments remain subject to the creditworthiness of UBS AG.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Constellation Energy common stock due June 29, 2029. The Notes pay periodic contingent coupons only if the underlying stock meets a coupon barrier on observation dates and may be automatically called early if the stock meets or exceeds the initial level on any 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 you can lose a large portion or all of your investment. Payments depend on UBS’s creditworthiness. Trade date is June 25, 2026, settlement June 29, 2026, final valuation date June 27, 2029, and maturity June 29, 2029. The estimated initial value per Note on the trade date was $9.67.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Eli Lilly and Company, described in a preliminary pricing supplement dated June 25, 2026. The Notes have a principal amount of $10 per Note and expected trade and settlement dates of June 25, 2026 and June 29, 2026, respectively.

The Notes pay a periodic contingent coupon only if the underlying closing level on an observation date is equal to or above a coupon barrier. The Notes are subject to an automatic call if the underlying closes at or above the initial level on any scheduled observation date prior to the final valuation date. If not called, repayment at maturity depends on the final level relative to a downside threshold; principal may be reduced in proportion to the underlying return, and investors could lose a substantial portion or all of their investment. The preliminary materials show an example contingent coupon rate of 11.06% per annum, a downside threshold and coupon barrier of $70.00 (70% of the initial level), an expected maturity on June 29, 2029, and an estimated initial value range of $9.35 to $9.60 per Note as of the trade date.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to GE Vernova Inc. common stock due June 29, 2029. The Notes pay a contingent coupon only if the underlying closing level on an observation date meets or exceeds the coupon barrier; otherwise no coupon is paid. The Notes will be automatically called early if the underlying closing level on any observation date prior to the final valuation date is equal to or greater than the initial level, in which case holders receive principal plus any contingent coupon due on the call settlement date. If not called, principal repayment at maturity is contingent: if the final level is at or above the downside threshold you receive the $10 principal; if the final level is below the downside threshold you receive $10 × (1 + underlying return), which can result in a substantial loss up to the full principal. Payments are subject to UBS credit risk. Key dates: trade date June 25, 2026, settlement June 29, 2026, final valuation date June 27, 2029, maturity June 29, 2029.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Constellation Energy Corporation, with a trade date of June 25, 2026, expected settlement June 29, 2026, final valuation date June 27, 2029 and maturity June 29, 2029. 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 prior 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; otherwise investors suffer a loss equal to the decline in the underlying, potentially losing all principal. The estimated initial value range at pricing is $9.35 to $9.60 per $10 Note and the minimum investment is 100 Notes at $10 per Note. All payments are subject to UBS credit risk.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of GE Vernova Inc. with a final maturity of June 29, 2028. 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 observation date prior to maturity. If not called, principal repayment at maturity is contingent: if the final level is at or above the downside threshold, holders receive the $10 principal; if the final level is below the downside threshold, holders receive $10 multiplied by (1 + underlying return), which can result in a substantial loss up to the entire principal. The Notes are unsecured obligations of UBS and any payments depend on UBS's creditworthiness. Trade date is June 25, 2026 with expected settlement on June 29, 2026.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to First Solar common stock due June 29, 2029. The Notes pay a contingent coupon only if the underlying stock closes at or above a coupon barrier on observation dates; otherwise no coupon is paid. The Notes will be automatically called early if the underlying closes at or above the initial level on any observation date prior to the final valuation date, in which case holders receive principal plus any contingent coupon then due on the call settlement date. If not called, principal is repaid at maturity only if the final level is at or above the downside threshold; if the final level is below that threshold holders suffer a principal loss equal to the percentage decline in the underlying (and could lose the entire investment). The Notes have a principal amount representation of $10 per Note, an estimated initial value of $9.66 as of the trade date, and are offered in minimum blocks of 100 Notes.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of GE Vernova Inc. The Notes pay periodic contingent coupons only if the underlying stock meets a coupon barrier on observation dates and may be automatically called if the stock reaches or exceeds the initial level on an observation date. If not called, principal repayment at maturity is contingent: full principal is repaid only if the final level is at or above the downside threshold; if below, redemption at maturity declines in direct proportion to the underlying return, potentially resulting in a total loss. The trade date is June 25, 2026, expected settlement is June 29, 2026, final valuation date is June 27, 2029, and maturity is June 29, 2029. The Notes have a $10 principal amount per Note and a minimum purchase of 100 Notes. The estimated initial value per Note is between $9.36 and $9.61 as of the trade date.

UBS AG published a preliminary pricing supplement for $• Trigger Autocallable Contingent Yield Notes linked to the common stock of GE Vernova Inc., with final terms to be set on the trade date. The Notes have a trade date of June 25, 2026, expected settlement date of June 29, 2026, a final valuation date of June 27, 2028 and an expected maturity date of June 29, 2028.

The Notes are unsubordinated, unsecured obligations of UBS that pay periodic contingent coupons only if the underlying stock closes at or above a coupon barrier on observation dates and are automatically callable early if the underlying closes at or above the initial level on an observation date. Principal repayment at maturity is contingent: if the final level is below the stated downside threshold, principal is reduced proportionally to the underlying return and investors could lose a significant portion or all of their investment. The preliminary example shows a principal amount of $10 per Note, a hypothetical contingent coupon rate of 23.47% per annum (contingent coupon $0.5868) and a downside threshold and coupon barrier of $70.00 (70.00% of the initial level).

The offering requires a minimum investment of 100 Notes (representing $1,000) and UBS estimates an initial value range of $9.43 to $9.68 per Note on the trade date. All payments, including contingent coupons and any principal repayment, depend on UBS's creditworthiness. The document emphasizes material risks and refers investors to the product supplement and prospectus for full terms.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of First Solar, Inc., due on or about June 29, 2029. The Notes pay periodic contingent coupons only if the underlying closes at or above the coupon barrier on observation dates and carry an automatic call feature if the underlying equals or exceeds the initial level on any observation date. If not called, repayment at maturity depends on whether the final level is at or above a downside threshold (noted at $60.00, or 60.00% of the initial level); if final level is below that threshold, investors can suffer losses proportional to the underlying return, potentially losing their entire investment. Trade date is June 25, 2026, settlement June 29, 2026, final valuation date June 27, 2029, and maturity June 29, 2029. Minimum purchase is 100 Notes at $10 per Note (principal amount $1,000); estimated initial value is between $9.34 and $9.59 per Note.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Hewlett Packard Enterprise Company. The Notes pay periodic contingent coupons only if the underlying stock meets a coupon barrier on observation dates and can be called early if the stock reaches or exceeds the initial level on any observation date prior to maturity. If not called, principal repayment at maturity is contingent: full principal is returned only if the final level is at or above a downside threshold; otherwise repayment falls with the underlying return and you can lose a significant portion or all of your investment. Trade and settlement dates are June 25, 2026 and June 29, 2026; final valuation and maturity dates are June 27, 2029 and June 29, 2029. Initial estimated value is $9.62 per $10 Note; minimum investment is 100 Notes ($1,000).

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the VanEck® Semiconductor ETF that mature on June 29, 2027. The Notes pay contingent coupons only if the underlying is at or above a coupon barrier on observation dates and will be automatically called early if the underlying equals or exceeds the initial level on any quarterly observation date beginning after six months. At maturity, if not called, principal is repaid only if the final level is at or above a downside threshold; if the final level is below that threshold, repayment is reduced in proportion to the ETF’s decline, and investors could lose a significant portion or all of their initial investment. The Notes are unsecured obligations of UBS AG, not FDIC insured, have a minimum investment of 100 Notes at $10 per Note, and an estimated initial value of $9.78 as of the trade date.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Bloom Energy Corporation, due June 29, 2029. The offering references a total noted amount in the heading of $800,000 and minimum purchases of 100 Notes at $10 per Note ($1,000).

The Notes pay a contingent coupon only when the underlying closing level on an observation date meets or exceeds the coupon barrier; otherwise no coupon is paid. The Notes are subject to quarterly automatic call observations beginning approximately six months after the trade date; an automatic call triggers payment of principal plus any contingent coupon on the related call settlement date. At maturity, if not called and the final level is below the downside threshold, repayment may be reduced proportionally to the underlying return, including possible loss of the entire principal. Trade date is June 25, 2026, settlement June 29, 2026, final valuation date June 27, 2029.

The issuer, UBS AG, is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Advanced Micro Devices, Inc. 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 an observation date. If not called, principal repayment at maturity is contingent on the final level relative to the downside threshold; a final level below that threshold exposes holders to the underlying's negative return and could result in loss of all principal. Trade date is June 25, 2026, expected settlement June 29, 2026, final valuation date June 27, 2028 and maturity June 29, 2028. The Notes are unsecured obligations of UBS and repayments depend on UBS's creditworthiness. Minimum investment is 100 Notes at $10 per Note.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Hewlett Packard Enterprise Company due on or about June 29, 2029. The notes pay periodic contingent coupons only if the underlying closing level meets a coupon barrier on specified observation dates and will be automatically called early if the underlying closing level equals or exceeds the initial level on any pre-final observation date. If not called, principal repayment at maturity is contingent: the principal is repaid in full only if the final level is at or above the disclosed downside threshold; if the final level is below that threshold, investors suffer a loss tied to the underlying return and could lose all principal. The preliminary trade date is June 25, 2026 with settlement on June 29, 2026. Example economics shown: principal amount $10 per note, an illustrative contingent coupon rate of 25.57% per annum (contingent coupon $0.6393 per quarter in the example), an estimated initial value range of $9.30–$9.55 per note, and a minimum investment of 100 notes ($1,000). All payments are subject to UBS credit risk.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Accenture plc due June 29, 2027. The Notes pay a contingent coupon on each coupon payment date only if the underlying closing level on the applicable observation date is at or above the coupon barrier; otherwise no coupon is paid. The Notes will be automatically called early if the underlying closing level on any observation date prior to the final valuation date is at or above the initial level; on an automatic call UBS pays principal plus any contingent coupon and the Notes terminate. If not called, principal repayment at maturity is contingent: if the final level is at or above the downside threshold you receive the $10 principal per Note; if the final level is below the downside threshold your maturity payment equals $10 x (1 + underlying return), which can result in a substantial loss, including a total loss. Trade date is June 25, 2026, settlement June 29, 2026, final valuation date June 25, 2027, and maturity June 29, 2027. Minimum investment: 100 Notes ($1,000). The estimated initial value on the trade date was $9.79. Payments and principal are subject to UBS credit risk.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to TSMC ADRs due June 29, 2028. The Notes pay periodic contingent coupons only if the underlying ADR closes at or above a coupon barrier on observation dates and may be automatically called early if the ADR closes at or above the initial level.

If not called, principal is repaid at maturity only if the final level is at or above the downside threshold; otherwise repayment is reduced by the percentage decline in the ADR (you could lose a substantial portion or all of principal). Payments are subject to UBS credit risk. Trade date is June 25, 2026 and settlement is June 29, 2026.

UBS AG is proposing Trigger Autocallable Contingent Yield Notes linked to the VanEck® Semiconductor ETF with trade date June 25, 2026, settlement on June 29, 2026, final valuation on June 25, 2027 and maturity on June 29, 2027. The Notes pay periodic contingent coupons only if the underlying closes at or above a coupon barrier on observation dates; they are automatically called if the underlying closes at or above the initial level on any quarterly 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; if the final level is below that threshold, repayment is reduced pro rata to the underlying return, potentially resulting in partial or total loss of principal. The Notes are unsecured obligations of UBS, subject to UBS credit risk. Pricing is set on the trade date; the estimated initial value range is $9.44 to $9.69 per $10 Note. Example terms shown include a contingent coupon rate of $14.11% per annum (contingent coupon $0.3528 per $10 Note) and a downside threshold of $60.00 (60% of the initial level).

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Bloom Energy Corporation, with an expected trade date of June 25, 2026 and maturity on June 29, 2029. Notes pay contingent coupons only if the underlying meets a coupon barrier on observation dates and can be automatically called quarterly after six months if the underlying equals or exceeds the initial level. 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 repayment declines in line with the underlying return, potentially resulting in total loss. The example terms show a $10 principal per Note, minimum purchase of 100 Notes ($1,000), an estimated initial value between $8.69 and $8.94, and significant credit risk tied to UBS.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Advanced Micro Devices, Inc. with a trade date of June 25, 2026, expected settlement on June 29, 2026 and maturity on or about June 29, 2028. Each Note has a principal amount of $10 and pays a contingent coupon on coupon payment dates only if the underlying stock's closing level meets or exceeds the coupon barrier on the applicable observation date.

The Notes can be automatically called early if the underlying's closing level on any prior observation date is equal to or greater than the initial level; in that case investors receive principal plus any contingent coupon due on the call settlement date. If not called, repayment at maturity is contingent: if the final level is at or above the downside threshold you receive principal; if below, you receive an amount equal to $10 x (1 + underlying return), which can result in a significant loss, including a total loss of principal in extreme cases. Payments are subject to UBS credit risk. The preliminary pricing supplement shows an estimated initial value range of $9.44–$9.69 per Note and includes illustrative coupon examples and downside scenarios.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Vistra Corp. common stock due June 29, 2028. The Notes pay a contingent coupon only when the underlying closing level on an observation date meets or exceeds the coupon barrier and can be automatically called early if the underlying equals or exceeds 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 is reduced pro rata to the underlying return, and investors could lose a substantial portion or all of their investment. Payments depend on UBS creditworthiness. The offering shows a principal amount per Note of $10, an estimated initial value of $9.71, and a hypothetical contingent coupon rate of 21.99% per annum in the examples.

UBS AG is offering $748,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Marvell Technology, Inc., maturing on June 29, 2029. The Notes pay a contingent coupon on each coupon payment date only if the closing level of Marvell is equal to or above the coupon barrier on the corresponding observation date.

The Notes will be automatically called early if Marvell’s closing level on any observation date before the final valuation date is equal to or greater than the initial level; in that event UBS pays principal plus any contingent coupon then due. If not called, repayment of principal at maturity is contingent: if the final level is at or above the downside threshold you receive the $10 principal; if below the downside threshold you receive $10 x (1 + Underlying Return), which can result in a substantial or total loss. All payments are subject to UBS’s creditworthiness. Trade date was June 25, 2026 and settlement is June 29, 2026.

UBS AG priced a preliminary offering for Trigger Autocallable Contingent Yield Notes linked to Taiwan Semiconductor Manufacturing Company Limited ADRs due on or about June 29, 2028. The Notes pay periodic contingent coupons only if the underlying closes at or above a coupon barrier on observation dates and are autocallable if the underlying closes at or above the initial level on any prior observation date.

If not called, principal repayment at maturity is contingent: if the final level is at or above the downside threshold you receive the $10 principal; if below, repayment equals $10 x (1 + underlying return), which can produce a substantial loss or a total loss. Payments are subject to UBS credit risk. The estimated initial value range is $9.43 to $9.68 per $10 Note; final terms will be set on the trade date.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Accenture plc with a principal amount of $10 per Note. Trade date is June 25, 2026, settlement June 29, 2026, final valuation date June 25, 2027 and maturity June 29, 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 observation date prior to the final valuation date. If not called, principal repayment at maturity is contingent: full principal is returned only if the final level is at or above the disclosed downside threshold; otherwise repayment declines in proportion to the underlying return and you could lose a significant portion or all of your investment. All payments are subject to UBS's creditworthiness. The estimated initial value is between $9.45 and $9.70 per Note.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Marvell Technology, Inc. The Notes pay periodic contingent coupons only if the underlying meets coupon barriers on observation dates and will be automatically called if the underlying meets or exceeds the initial level on any observation date prior to maturity. If not called, principal is repaid at maturity only if the final level is at or above the downside threshold; otherwise repayment at maturity is reduced proportionally to the underlying return, and investors can lose a significant portion or all of their principal. Trade date is June 25, 2026, settlement June 29, 2026, final valuation date June 27, 2029, and maturity June 29, 2029. The Notes have a principal amount of $10 per Note, a stated illustrative contingent coupon rate of 33.69% per annum (contingent coupon $0.8423 on the hypothetical $10 Note), and an estimated initial value range of $9.27 to $9.52 as of the trade date. All payments are subject to UBS credit risk.