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 $245,000 of Trigger Autocallable Contingent Yield Notes linked to ServiceNow, Inc. common stock, maturing July 20, 2029. The notes pay a contingent coupon only on observation dates when ServiceNow’s share price is at or above a coupon barrier; otherwise no coupon is paid.
The notes are automatically called early if the share price on any observation date before maturity is at or above the initial level, returning the $10 principal per note plus the due coupon, with no further payments. If not called and the final share price is at or above the downside threshold, investors receive principal back; if it is below, repayment is reduced in line with the stock’s percentage decline, and the entire principal can be lost.
All payments depend on UBS’s credit. The notes are unsecured, unsubordinated obligations, are not FDIC insured, will not be listed on an exchange, require a minimum $1,000 investment, and have an estimated initial value of $9.66 per $10 note.
UBS AG is offering $215,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Caterpillar Inc., with a trade date of July 16, 2026 and maturity on July 20, 2028. Each note has a $10 principal amount.
The notes pay contingent coupons only if Caterpillar’s closing stock price on an observation date is at or above a preset coupon barrier. They may be automatically called early if the stock closes at or above the initial level, returning principal plus any due coupon. If never called, full principal is repaid at maturity only if the final stock level is at or above a downside threshold; otherwise repayment falls in line with the stock’s decline, up to a total loss of principal. All payments depend on UBS’s credit, and the notes are not expected to be listed or insured.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to NVIDIA Corporation common stock, maturing on or about July 20, 2029. Each Note has a $10 principal amount, with a minimum investment of 100 Notes ($1,000).
The Notes pay quarterly contingent coupons only when NVIDIA’s closing level on an observation date is at or above a coupon barrier, and may be automatically called after six months if the stock is at or above its initial level. If not called and the final level is at or above a downside threshold, investors receive principal back; below that threshold, repayment falls one-for-one with NVIDIA’s decline, up to a total loss of principal. A hypothetical example uses a 10.35% per annum coupon and a downside threshold and coupon barrier at 50% of the initial level. Any payment depends on UBS’s credit, and the Notes will not be listed on any exchange. The estimated initial value is expected between $9.50 and $9.75 per $10 Note.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Dow Inc., maturing on or about July 20, 2029. The notes pay a contingent coupon only on observation dates when Dow’s closing level is at or above a preset coupon barrier. If on any observation date before maturity the closing level is at or above the initial level, the notes are automatically called and investors receive the $10 principal per note plus the applicable contingent coupon, with no further payments.
If the notes are not called and the final level is at or above the downside threshold, investors receive the $10 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 Dow’s percentage decline, and investors can lose up to 100% of principal. The notes are unsubordinated, unsecured obligations of UBS, not listed on any exchange, and all payments depend on UBS’s credit. Each note has a $10 denomination, with a minimum investment of 100 notes, and the estimated initial value per note is expected to be between $9.21 and $9.46, below the $10 issue price.
UBS AG plans to issue Trigger Autocallable Contingent Yield Notes linked to the common stock of ServiceNow, Inc., maturing on or about July 20, 2029. The Notes are unsecured, unsubordinated obligations of UBS, are not insured, and will not be listed on any exchange.
Investors receive a contingent coupon only on observation dates when the ServiceNow share price closes at or above a specified coupon barrier. The Notes are automatically called early if the share price is at or above the initial level on any observation date, paying principal plus the contingent coupon and ending 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 the downside threshold, repayment is reduced one-for-one with the stock’s decline, up to a total loss of principal. All payments depend on UBS’s credit. The minimum investment is 100 Notes at $10 each, and the estimated initial value is expected to be between $9.30 and $9.55 per $10 Note.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Amazon.com, Inc., maturing on or about January 20, 2028. These unsubordinated, unsecured notes pay contingent coupons only when the underlying stock closes at or above a specified coupon barrier on monthly observation dates.
The notes are automatically called if the stock closes at or above the initial level on any observation date beginning after six months, in which case investors receive the $10 principal per Note plus any due contingent coupon and no further payments. If not called and the final stock level is at or above the downside threshold, principal is repaid at maturity; if below, repayment is reduced in proportion to the stock’s decline, and investors can lose up to 100% of principal.
The minimum investment is 100 Notes at $10 each, and the notes will not be listed on any exchange. A hypothetical example uses a contingent coupon rate of 7.73% per annum, with a downside threshold and coupon barrier of $62.00, equal to 62.00% of the initial level. The estimated initial value per Note on the trade date is expected to fall between $9.42 and $9.67. All payments depend on the creditworthiness of UBS.
UBS AG plans to issue Trigger Autocallable Contingent Yield Notes, unsecured debt obligations linked to the common stock of Caterpillar Inc. The Notes offer periodic contingent coupons only when Caterpillar’s closing price 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 Caterpillar’s price on any observation date (before the final one) is at or above the initial level, in which case holders receive the $10 principal per Note plus any due coupon and no further payments. If not called, and the final price is at or above a downside threshold, principal is repaid at maturity. If the final price is below the downside threshold, repayment is reduced in line with the stock’s decline, and investors can lose their entire investment. The minimum investment is 100 Notes at $10 each, and the estimated initial value is expected to be between $9.43 and $9.68 per Note. Payments depend on UBS’s credit, and the Notes are not listed or FDIC‑insured.
UBS AG is issuing Trigger Autocallable Contingent Yield Notes linked to the common stock of Southwest Airlines Co., maturing on July 20, 2028. Each note has a $10 principal amount and pays quarterly contingent coupons only when Southwest’s closing price is at or above a specified coupon barrier on the relevant observation date.
The notes are automatically called on any quarterly observation date beginning after six months if the stock closes at or above the initial level; investors then receive principal plus the applicable contingent coupon and no further payments. If the notes are not called and, on the final valuation date, the stock is at or above a downside threshold, investors receive full principal (and a final coupon if the barrier condition is met). If it finishes below the downside threshold, repayment is reduced in proportion to the stock’s percentage loss, up to a complete loss of principal.
The notes are unsecured, unsubordinated obligations of UBS, are not bank deposits and are not FDIC insured. All payments depend on UBS’s creditworthiness. The estimated initial value is $9.68 per $10 note, and the notes will not be listed on any exchange, which may limit liquidity.
UBS AG is offering $200,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of UnitedHealth Group Incorporated, with a trade date of July 16, 2026 and maturity on July 20, 2029. These unsecured senior notes pay contingent coupons on quarterly observation dates only when the stock closes at or above a preset coupon barrier.
The notes are subject to automatic call after six months if on any observation date the stock closes at or above its initial level; in that case holders receive principal plus the applicable coupon on the call settlement date and the product terminates. If not called and, at final valuation, the stock is at or above a 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 decline, and principal can be lost in full.
The securities are subject to the credit risk of UBS, will not be listed on any exchange, and may trade below the $10 issue price, including because the estimated initial value is $9.66 per note. Minimum investment is 100 notes ($1,000). UBS states that these notes are significantly riskier than conventional debt and may pay no coupons over their term.
UBS AG is offering Trigger Autocallable Contingent Yield Notes, which are unsubordinated, unsecured debt obligations linked to the common stock of Southwest Airlines Co. The notes pay a contingent coupon only if, on each quarterly observation date, the stock closes at or above a preset coupon barrier. If on any observation date (after six months) the stock closes at or above its initial level, the notes are automatically called and investors receive the $10 principal per note plus the due coupon, with no further payments.
If the notes are not called and the stock’s final level on July 18, 2028 is at or above a downside threshold, UBS repays the $10 principal at maturity on or about July 20, 2028. If the final level is below the downside threshold, repayment is reduced in line with the stock’s decline, and investors can lose some or all of their investment. The notes are not listed on any exchange, require a minimum purchase of 100 notes at $10 each, and have an estimated initial value between $9.39 and $9.64 per note, all payments being subject to UBS’s creditworthiness.
UBS AG is offering $120,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Applied Materials, Inc., each with a $10 principal amount and trade date July 16, 2026, maturing July 20, 2028. The notes pay a contingent coupon only if, on each observation date, the underlying share price is at or above a specified coupon barrier. If on any observation date before maturity the share price is at or above the initial level, the notes are automatically called, and investors receive principal plus the applicable contingent coupon, with no further payments.
If the notes are not called and the final share level on July 18, 2028 is at or above the downside threshold, investors receive back principal (and a final coupon if the barrier is met). If the final level is below the downside threshold, repayment is reduced in proportion to the underlying’s decline, and investors can lose up to 100% of principal. All payments depend on UBS’s credit; a default could result in total loss. The notes are not listed on any exchange, require a minimum investment of 100 Notes ($1,000), and have an estimated initial value of $9.73 per Note, below the issue price.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of UnitedHealth Group, maturing on or about July 20, 2029. These unsecured debt securities pay a contingent coupon only when the stock closes at or above a coupon barrier on quarterly observation dates.
The notes may be automatically called after about six months if the stock closes at or above its initial level, returning principal plus the applicable coupon; otherwise they continue to maturity. If not called, investors receive principal at maturity only if the final stock level is at or above a downside threshold; below this level, repayment is reduced in line with the stock’s decline, potentially to zero.
All payments depend on UBS’s creditworthiness, and the notes will not be listed on an exchange. Each note has a $10 principal amount, a $1,000 minimum investment, and an estimated initial value between $9.31 and $9.56 per note.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Applied Materials, Inc., maturing on or about July 20, 2028. The notes are unsecured, unsubordinated debt of UBS and are not bank deposits or FDIC insured.
Investors receive a contingent coupon only if the Applied Materials share price on each observation date is at or above a defined coupon barrier. The notes are automatically called if the share price on any observation date before maturity is at or above the initial level, paying principal plus the applicable contingent coupon, with no further payments.
If not called, and the final share price is at or above a downside threshold, investors receive only principal at maturity. If the final level is below the downside threshold, repayment is reduced in line with the stock’s decline and can fall to zero. All payments depend on UBS’s credit. The notes are not exchange-listed, have a $10 denomination, a minimum investment of 100 notes ($1,000), and an estimated initial value expected between $9.42 and $9.67 per $10 note.
UBS AG is offering $300,000 in Trigger Autocallable Contingent Yield Notes, unsecured debt linked to the common stock of Advanced Micro Devices, Inc. The Notes have a term to July 20, 2028 and a denomination of $10 per Note, with a minimum investment of $1,000.
Investors may receive a 28.96% per annum contingent coupon, paid quarterly, only if AMD’s closing level on an observation date is at or above the coupon barrier of $55.00, which is 55% of the initial level. The Notes are automatically called if AMD is at or above its initial level on any quarterly observation date starting after six months, returning principal plus the applicable coupon.
If not called, and AMD’s final level is at or above the $55.00 downside threshold at maturity, principal is repaid (and the final coupon may be paid). If AMD finishes below the downside threshold, the repayment is reduced one-for-one with AMD’s decline, potentially to zero. The estimated initial value is $9.77 per Note, the Notes will not be listed on any exchange, and all payments are subject to UBS’s creditworthiness.
UBS AG is offering $754,000 of Trigger Autocallable Contingent Yield Notes linked to the Class A common stock of Constellation Brands, Inc., in $10 denominations with a minimum investment of $1,000. The notes trade on July 16, 2026 and mature on July 20, 2029, subject to a final valuation on July 18, 2029.
Investors receive a contingent coupon at a rate of 10.29% per annum only when the underlying share price is at or above a coupon barrier of $65.00, which is 65% of the initial level, on each observation date. The notes are automatically called if the underlying is at or above its initial level on any quarterly observation date after six months, paying back principal plus the applicable coupon.
If not called, principal is repaid at maturity only when the final level is at or above the $65.00 downside threshold; otherwise, repayment is reduced in line with the underlying return and can fall to zero. The estimated initial value is $9.70 per $10 note, the notes are not listed on any exchange, and all payments depend on UBS’s creditworthiness.
UBS AG is offering $825,000 of Trigger Autocallable Contingent Yield Notes linked to GE Vernova Inc. common stock, maturing on July 20, 2029.
The Notes pay a 23.82% per annum contingent coupon (about $0.5955 per quarter per $10 Note) only when the stock closes at or above the coupon barrier of $65.00, which is 65% of the Initial Level, on an observation date. They are automatically called early if the stock is at or above the Initial Level on a quarterly observation date starting after six months, returning principal plus that period’s coupon.
If not called, investors receive full principal at maturity only if the final stock level is at or above the downside threshold of $65.00; otherwise, repayment is reduced dollar-for-dollar with the stock’s percentage loss and can fall to zero. Payments depend entirely on UBS’s creditworthiness; the Notes are unsecured, not FDIC insured, not exchange-listed, have an estimated initial value of $9.74 per $10 Note, and require a minimum investment of 100 Notes ($1,000).
UBS AG is offering $805,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of International Business Machines Corporation, maturing on July 20, 2029. These are unsubordinated, unsecured debt obligations of UBS with payments fully dependent on UBS’s credit.
The Notes pay a contingent coupon only if IBM’s share price on quarterly observation dates is at or above a specified coupon barrier; otherwise no coupon is paid. The Notes are automatically called after six months or later if IBM closes at or above the initial level on an observation date, returning principal plus any due coupon and ending further payments. If not called, investors receive full principal at maturity only if IBM is at or above a downside threshold; below that level, repayment is reduced in line with IBM’s decline, with potential total loss of principal. The Notes are not listed, have a $10 denomination and $1,000 minimum investment, and an estimated initial value of $9.66 per $10 Note.
UBS AG is offering $200,000 of Trigger Autocallable Contingent Yield Notes linked to the VanEck Semiconductor ETF, maturing July 20, 2028. The notes pay a contingent coupon at a 16.75% per annum rate (about $0.4188 per $10 note quarterly) only when the ETF closes at or above a coupon barrier set at 60% of the initial level ($60.00).
Beginning six months after issuance, the notes are automatically called at par plus any due coupon if the ETF closes at or above its initial level on an observation date. If not called, principal is repaid at maturity only if the final ETF level is at or above the same 60% downside threshold; otherwise, repayment falls one-for-one with the ETF’s decline, down to a total loss. The estimated initial value is $9.75 per $10 note, the notes will not be listed, and all payments depend on UBS’s credit.
UBS AG is offering $2,105,000 of Capped Buffer GEARS, unsecured debt securities linked to the common stock of Constellation Energy Corporation, maturing on July 20, 2028. The notes do not pay interest and are not listed on any securities exchange.
At maturity, investors receive $10 per Security plus a leveraged gain if the stock has risen, equal to three times the positive return of the underlying, capped at a 61.47% maximum gain. If the underlying return is zero or negative but the final stock level stays at or above a downside threshold with a 15% buffer, investors receive the $10 principal. If the stock falls beyond the buffer, principal is reduced in proportion to the loss beyond that buffer and investors could lose almost all of their investment. Any payment depends on UBS’s credit; if UBS defaults, investors may lose their entire investment. The minimum investment is 100 Securities ($1,000), and the estimated initial value is $9.52 per $10 Security.
UBS AG plans to issue Trigger Autocallable Contingent Yield Notes linked to the common stock of Advanced Micro Devices, Inc. These unsubordinated, unsecured debt obligations have a scheduled maturity on July 20, 2028 and a denomination of $10 per Note, with a minimum investment of 100 Notes.
The Notes may pay quarterly contingent coupons only when the underlying share price on an observation date is at or above a preset coupon barrier. If on any quarterly observation date after six months the share price is at or above the initial level, the Notes are automatically called and investors receive the $10 principal plus that period’s contingent coupon, with no further payments.
If the Notes are not called and the final share price on July 18, 2028 is at or above the downside threshold, UBS repays the $10 principal; if it is below that threshold, repayment falls in line with the share’s percentage decline and the entire investment can be lost. Coupons are not guaranteed and may never be paid. All payments depend on UBS’s credit, the Notes are not listed on any securities exchange, and the estimated initial value is expected to be between $9.41 and $9.66 per Note.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the Class A common stock of Constellation Brands, Inc., maturing on or about July 20, 2029. These unsubordinated, unsecured debt obligations pay contingent coupons only when the underlying stock closes at or above a preset coupon barrier on quarterly observation dates, beginning after six months.
The notes are automatically called if the underlying closes at or above the initial level on any observation date before the final valuation date; investors then receive the $10 principal per Note plus any due contingent coupon, with no further payments. If the notes are not called and the final level is at or above the downside threshold, principal is repaid at maturity (with a contingent coupon if the final level also meets the coupon barrier). If the final level is below the downside threshold, investors receive $10 × (1 + underlying return), incurring a loss matching the stock’s decline and potentially losing their entire investment.
The notes are offered at $10 per Note, with a minimum investment of 100 Notes (a $1,000 minimum). The estimated initial value on the trade date is expected to be between $9.32 and $9.57 per Note. The notes will not be listed on any securities exchange, and all payments depend on the creditworthiness of UBS.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of International Business Machines Corporation, each with a $10 principal amount and an expected term from July 16, 2026 to July 20, 2029.
Investors receive quarterly contingent coupons only if the underlying share’s closing level is at or above a coupon barrier on the relevant observation date, and the notes are automatically called if that level is at or above the initial level on any quarterly observation date after six months. If not called, principal is repaid at maturity only if the final level is at or above a downside threshold; otherwise, repayment is reduced in line with the share’s decline and can fall to zero. All payments depend on UBS’s credit, the notes will not be listed on an exchange, the minimum investment is $1,000, and the estimated initial value per $10 note is expected between $9.27 and $9.52.
UBS AG is offering unsubordinated, unsecured Capped Buffer GEARS linked to the common stock of Constellation Energy Corporation, due on or about July 20, 2028, with a trade date of July 16, 2026 and a final valuation date of July 18, 2028. These $10-denomination Securities are debt obligations whose repayment depends on both Constellation’s share performance and UBS’s creditworthiness.
At maturity, investors receive the $10 principal plus a geared gain on any positive “underlying return,” but only up to a specified maximum gain. If the underlying return is zero or negative yet the final level is at or above a downside threshold, principal is repaid. If the final level falls below that threshold, payments decline with the stock after a limited buffer, and investors can lose most or all of their investment.
The Securities pay no interest, will not be listed on any exchange or electronic communications network, and are offered in a minimum of 100 Securities at $10 each. The estimated initial value per Security as of the trade date is expected to range from $9.32 to $9.57.
UBS AG is offering unsecured Trigger Autocallable Contingent Yield Notes linked to the common stock of GE Vernova Inc., maturing on or about July 20, 2029. The Notes pay quarterly contingent coupons only if the stock closes at or above a specified coupon barrier on each observation date.
The Notes are automatically called if the stock closes at or above its initial level on an observation date, returning principal plus any due coupon, with no further payments. If not called, investors receive principal at maturity only if the final stock level is at or above a downside threshold; otherwise repayment declines in line with the stock’s loss, up to a total loss of principal. Payments depend on UBS’s credit, the Notes will not be listed, the minimum investment is $1,000 (100 Notes at $10 each), and the estimated initial value is expected to be $9.35–$9.60 per $10 Note.
UBS AG is offering Trigger Autocallable Contingent Yield Notes, unsecured debt linked to the shares of the VanEck Semiconductor ETF, maturing on or about July 20, 2028. The notes pay a contingent coupon only on observation dates when the ETF’s closing level is at or above a specified coupon barrier; otherwise no coupon is paid.
Beginning about six months after issuance, the notes are automatically called if on a quarterly observation date the ETF closes at or above its initial level. In that case, investors receive the $10 principal per note plus any due coupon and no further payments. If the notes are not called and, on the final valuation date, the ETF is at or above a downside threshold, principal is repaid at maturity. If the final level is below the downside threshold, repayment is reduced in proportion to the ETF’s decline, and the entire investment can be lost.
The notes are issued in $10 denominations with a minimum investment of 100 notes ($1,000), will not be listed on any securities exchange, and all payments depend on UBS’s credit. UBS expects the initial estimated value per $10 note to fall between $9.40 and $9.65. Hypothetical examples use an illustrative coupon rate and thresholds to demonstrate potential outcomes, but final terms will be set on the trade date.
UBS AG is offering $1,851,000 of Trigger Callable Contingent Yield Notes, each with a $1,000 principal amount, linked to the least performing of the Dow Jones Industrial Average, the Russell 2000 Index and the State Street Technology Select Sector SPDR ETF. The Notes pay a 13.70% per annum contingent coupon (about $11.4167 per month per Note) only if, on a monthly observation date, the closing level of each underlying is at or above its coupon barrier, set at 70% of its initial level.
UBS may call the Notes in whole on any observation date beginning after 6 months; if called, investors receive the principal plus any due coupon, and the product terminates early. If not called, and on the January 15, 2030 final valuation date all underlyings are at or above their downside thresholds (set at 60% of initial levels), investors receive full principal at maturity on January 18, 2030. If any underlying finishes below its downside threshold, the maturity payment is reduced by the negative return of the worst-performing underlying, up to a complete loss of principal.
The Notes are unsecured, unsubordinated obligations of UBS AG and are not bank deposits or FDIC insured; all payments depend on UBS’s credit. The estimated initial value is $982.80 per $1,000 Note, below the issue price, reflecting underwriting compensation of $2.50 per Note, a separate $7.50 per Note marketing fee to another dealer and UBS’s internal funding and hedging costs.
UBS AG is offering $12,361,620.00 of Buffer Autocallable GEARS, unsubordinated unsecured debt linked to an unequally weighted basket of five equity indices: EURO STOXX 50 (40%), Nikkei 225 (25%), FTSE 100 (17.50%), Swiss Market Index (10.00%) and S&P/ASX 200 (7.50%).
The notes are issued at $10 each, with an estimated initial value of $9.75, trade date July 15, 2026 and maturity July 18, 2029. They pay no interest. An automatic call on July 22, 2027 occurs if the basket is at or above 100.00% of its initial level, returning $11.20 per security (a 12.00% call return).
If not called, positive basket performance at maturity is multiplied by 1.865. A 10.00% buffer protects principal only down to a 90.00% basket level; below that, losses track further declines and investors could lose almost all principal. All payments depend on UBS’s credit and the notes will not be exchange-listed, so liquidity may be limited.
UBS AG is issuing $6,924,000 of Trigger Autocallable GEARS, unsecured notes linked to an unequally weighted basket of five equity indices: EURO STOXX 50 (40%), Nikkei 225 (25%), FTSE 100 (17.5%), Swiss Market Index (10%) and S&P/ASX 200 (7.5%). The notes have a $10 denomination, trade July 15, 2026 and mature July 17, 2031, unless called early.
After about one year, if the basket is at or above 100% of its initial level, the notes are automatically called and pay $11.40 per $10 (a 14.00% return), with no further upside. If not called, at maturity investors receive $10 plus the basket gain multiplied by 1.915 if the basket is above its initial level; $10 if the basket is at or above 75% of its initial level; or full downside exposure if it finishes below 75%, up to a total loss of principal.
The notes pay no interest, forgo dividends on the underlying indices, are not listed, and may have limited liquidity. Any payment depends on UBS’s credit; the estimated initial value is $9.721 per note, below the $10 issue price due to fees, hedging and funding costs.
UBS AG is offering unsecured Buffer Callable Contingent Yield Notes due on or about July 27, 2029, linked to the least performing of the S&P 500 Index, Russell 2000 Index and Nasdaq-100 Technology Sector. The notes pay a 7.05% per annum contingent coupon, with monthly payments only if on each observation date every index closes at or above its coupon barrier, set at 60.00% of its initial level.
UBS may, at its discretion, call the notes in whole on any monthly observation date beginning after six months, paying principal plus any due coupon, after which no further amounts are owed. If not called and at maturity all three indexes are at or above their downside thresholds (also 60.00% of initial), investors receive principal only. If any index finishes below its downside threshold, repayment is reduced by the decline of the worst-performing index beyond the 40% buffer, and investors could lose almost all of their investment. The notes are not listed, have limited liquidity, and all payments depend on the creditworthiness of UBS. The public issue price is $1,000.00 per Note, including a $5.00 underwriting discount, with an estimated initial value between $960.70 and $990.70 per Note.
UBS AG is offering Trigger Callable Contingent Yield Notes due on or about July 26, 2030, linked to the least performing of the Dow Jones Industrial Average, Nasdaq‑100 Index and Russell 2000 Index. Each $1,000 note has preliminary terms that include a contingent coupon rate of 11.65% per annum, paid monthly only when the closing level of every index is at or above a coupon barrier set at 70% of its initial level. UBS may, at its discretion, call the notes in whole on monthly dates beginning after three months, paying principal plus any due coupon.
If the notes are not called and, on the final valuation date, every index is at or above a downside threshold of 60% of its initial level, investors receive full principal at maturity. If any index ends below its downside threshold, the maturity payment is reduced in line with the loss of the least performing index, potentially to zero; there is no participation in index gains and no dividends.
The notes are unsubordinated, unsecured UBS obligations, exposed to UBS credit risk and Swiss resolution powers. The issue price is $1,000 per note, including a $4.50 underwriting discount, with an estimated initial value between $961.50 and $991.50. The notes will not be listed, and any secondary market may be limited.
UBS AG, through its London Branch, is offering $5,526,240 of Buffer Autocallable GEARS linked to the Russell 2000® Index, issued in $10 Securities maturing on July 18, 2029.
The notes may be automatically called on July 22, 2027 if the index closes at or above the autocall barrier of 2,976.259, paying a fixed call price of $11.10 per Security (an 11% return) and then terminating. If not called, at maturity investors receive principal plus any positive index return multiplied by the 1.51 upside gearing; if the index is flat or down but at or above the downside threshold of 2,678.633 (90% of the initial level), principal is repaid. If the index finishes below this threshold, losses exceed 10% of principal on a 1:1 basis and can reach almost the entire investment.
The Securities pay no interest, are not listed, and any payment depends entirely on UBS’s credit. The estimated initial value is $9.75 per $10 Security, reflecting underwriting discounts, hedging and issuance costs embedded in the issue price.
UBS AG London Branch is offering Digital S&P 500 Index-Linked Medium-Term Notes that provide capped, buffered exposure to the S&P 500 Index over an expected 26–29 month term. The notes pay no interest and are unsecured obligations of UBS, with no FDIC insurance.
At maturity, for each $1,000 face amount, if the S&P 500 final level is at or above the 85.00% buffer level, investors receive the maximum settlement amount, expected to be between $1,167.30 and $1,196.80. If the index falls more than 15% from its initial level, losses accelerate at about 1.1765% of face value for every 1% decline below the buffer, and investors could lose their entire investment.
The cap level is expected between 116.73% and 119.68% of the initial index level, so upside is limited and investors do not receive dividends. The estimated initial value is expected between $968.00 and $998.00 per $1,000, below the issue price due to hedging, funding and distribution costs. The notes are not listed, secondary liquidity may be limited, and returns depend on UBS’s creditworthiness and complex U.S. tax rules, including potential implications under Section 871(m) and FATCA.
UBS AG is offering $3,000,000 of Trigger Callable Contingent Yield Notes due October 19, 2028, linked to the least performing of the Nasdaq-100, Russell 2000 and S&P 500 indices. The notes pay a 12.75% per annum contingent coupon ($10.625 monthly) only when 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 three months, paying principal plus any due coupon; no further payments follow. If the notes are not called and each index finishes at or above its downside threshold (also 70% of initial), investors receive full principal. If any index ends below its threshold, repayment is $1,000 times 1 plus the return of the worst-performing index, creating potential for substantial or total loss. The notes are unsecured UBS debt, not listed on an exchange, have an estimated initial value of $991.20 per $1,000, and expose holders to UBS’s credit and liquidity risks.
UBS AG is offering $1,270,000 of Trigger Callable Contingent Yield Notes, unsubordinated and unsecured debt linked to the least performing of the S&P 500 Index, Russell 2000 Index and Nasdaq‑100 Technology Sector, maturing on January 21, 2028. Each $1,000 Note pays a contingent coupon of 11.55% per annum only if, on a monthly observation date, the closing level of every index is at or above its coupon barrier, set at 70% of its initial level; otherwise no coupon is paid.
UBS may, at its discretion, call all Notes monthly starting after three months, paying principal plus any due coupon, with no further payments. If not called and on the final valuation date all indices are at or above their downside thresholds (60% of initial levels), investors receive principal back; if any index is below its threshold, repayment is reduced in line with the worst index’s loss, up to a total loss of principal. The Notes are subject to UBS credit risk, will not be listed on an exchange, and may lack liquidity. The estimated initial value is $988.40 per $1,000 Note, below the issue price due to fees, hedging costs and UBS’s internal funding rate.
UBS AG is offering Trigger Autocallable Contingent Yield Notes with Memory Interest, each with a $1,000 principal amount, linked separately to the common stock of Intel Corporation and Micron Technology, Inc. The term is approximately 18 months, from an expected trade date of July 31, 2026 to a maturity date of February 3, 2028, unless called earlier.
Investors receive contingent monthly coupons only if the underlying stock closes at or above a coupon barrier; missed coupons can be paid later under the memory interest feature. Indicative annual contingent coupon ranges are 25.50%–29.50% for the Intel note and 27.00%–31.00% for the Micron note. The notes auto-call quarterly if the underlying is at or above 100% of its initial level, returning principal plus due and previously unpaid coupons.
If not called and the final stock level is at or above the downside threshold (Intel: 55% of initial; Micron: 50% of initial), investors receive the $1,000 principal at maturity. If the final level is below the downside threshold, investors receive a share delivery amount equal to $1,000 divided by the initial stock level, exposing them to potentially severe loss, up to a total loss of principal. The notes are unsubordinated, unsecured obligations of UBS, not listed on any exchange, and their value and payments depend on UBS’s creditworthiness.
UBS AG is offering Buffer Callable Contingent Yield Notes due on or about July 29, 2031, linked to the least performing of the EURO STOXX 50® Index, the Russell 2000® Index and the Nasdaq-100 Index®. Each Note has a $1,000 issue price and pays a monthly contingent coupon at a rate of 7.45% per annum only when the closing level of each index on the observation date is at or above its coupon barrier.
The coupon barrier and downside threshold for each index are set at 60% of its initial level, providing a 40% buffer. UBS may call the Notes monthly, beginning after three months, returning principal plus any due coupon; no further payments would be made. If the Notes are not called and any index finishes below its downside threshold at maturity, repayment is reduced in line with the decline of the worst-performing index beyond the buffer, and investors could lose almost all principal. The Notes are unsecured, unsubordinated obligations of UBS, not listed on any exchange, with an estimated initial value of $960.00–$990.00 per $1,000 reflecting fees, hedging costs and UBS’s internal funding rate, and are subject to UBS’s credit risk and potential Swiss regulatory resolution powers.
UBS AG is offering Trigger Callable Contingent Yield Notes with a per-Note issue price of $1,000, linked to the least performing of the S&P 500® Index and Dow Jones Industrial Average®. The Notes pay a 7.85% per annum contingent coupon only when both indices are at or above their coupon barriers.
Coupon barriers and downside thresholds for each index are set at 70.00% of its Initial Level. UBS may call the Notes monthly after six months, returning principal plus any due coupon. If not called and either index finishes below its downside threshold, repayment of principal falls in line with the worst index, and investors can lose their entire investment.
The Notes mature on or about January 27, 2028, are unsecured obligations exposed to UBS credit risk, will not be listed, and may have little or no secondary market. UBS estimates an initial value of $959.00–$989.00 per Note, below the issue price due to underwriting compensation, hedging, issuance and funding costs.
UBS AG is offering unsubordinated, unsecured Trigger Callable Contingent Yield Notes due on or about July 25, 2031, linked to the least performing of the Dow Jones Industrial Average®, the Nasdaq-100® Technology Sector and the Russell 2000® Index.
The Notes pay an 11.40% per annum contingent coupon, credited monthly only when every index closes at or above its coupon barrier, set at 70.00% of its initial level. UBS may call the Notes monthly after six months, returning principal plus any due coupon.
If not called and each final index level is at or above its downside threshold, set at 60.00% of initial level, investors receive principal back; if any index finishes below its threshold, repayment is reduced in line with the worst index’s decline, up to a total loss. The Notes are not listed, may have limited liquidity, and all payments depend on UBS’s credit. The estimated initial value is between $949.60 and $979.60 per $1,000 issue price, reflecting dealer compensation, hedging costs and UBS’s internal funding rate.
UBS AG is offering Trigger Autocallable Contingent Yield Notes at $10 per Note, linked to the least performing of the Nasdaq-100 Index and the Russell 2000 Index, with trade date expected July 17, 2026 and maturity around July 22, 2031.
The Notes pay a contingent coupon of 9.15% to 9.65% per annum only if both indices close at or above their coupon barriers on each quarterly observation date; otherwise no coupon is paid. The Notes are automatically called if, beginning after 6 months, both indices are at or above 100% of their initial levels on an observation date, in which case investors receive principal plus any due coupon and the product terminates.
If not called and the final level of any index is below its 70% downside threshold, the maturity payment is reduced dollar-for-dollar with the index loss, potentially to zero. The Notes are unsecured obligations of UBS, carry full issuer credit risk, are not listed, and have an estimated initial value of $9.437 to $9.737 per $10 issue price, reflecting underwriting discount, hedging and issuance costs.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Occidental Petroleum Corporation under its shelf registration. Each Note has a principal amount of $10 and is an unsubordinated, unsecured debt obligation of UBS.
The Notes pay a contingent coupon only if the Occidental share price on an observation date (including the final valuation date) is at or above a defined coupon barrier; otherwise no coupon is paid for that period. UBS will automatically call the Notes early if the share price on any observation date before the final valuation date is at or above the initial level, then paying principal plus the applicable contingent coupon and making no further payments.
If the Notes are not called and the final share price is at or above a downside threshold, investors receive only their principal at maturity. If it is below that threshold, repayment is reduced in line with the negative share return and principal can be lost in full. The Notes are not listed, have a minimum purchase of 100 Notes ($1,000), and have an estimated initial value of $9.77 per Note, with all payments dependent on UBS's credit.
UBS AG is offering $2,910,000 of Barrier Market Linked Notes with Daily Barrier Observation linked to the LBMA Gold Price PM, maturing on July 19, 2028, in denominations of $1,000 per note.
The initial gold price is $4,075.50 with an upper barrier of $5,858.53 (43.75% above). If gold ever closes above the upper barrier during the observation period, investors receive principal plus an 8.00% conditional return at maturity. If no barrier event occurs and the final price is above the initial price, the maturity payment equals principal plus the underlying return, capped at a 43.75% maximum gain and $1,437.50 per note. If no barrier event occurs and the final price is at or below the initial price, only principal is repaid.
The notes pay no periodic interest, are unsecured obligations of UBS, are not listed, and may have limited or no secondary market. The estimated initial value is $975.40 per $1,000 note, below the issue price due to underwriting, hedging and funding costs. Maturity repayment and any early termination amount are subject to UBS’ credit and regulatory resolution powers.
UBS AG is offering $9,517,000 of Trigger Autocallable Contingent Yield Notes with Memory Interest linked to Broadcom Inc. common stock, maturing on July 19, 2029. Each $1,000 note pays a 13.16% per annum contingent coupon ($32.90 quarterly) only if AVGO’s closing level on an observation date is at or above the coupon barrier of $197.14, with unpaid coupons potentially paid later under the memory interest feature.
The notes are automatically called on any quarterly observation date from six months onward if AVGO is at or above the call threshold of $394.28 (100% of the initial level), returning principal plus due and unpaid coupons. If not called and the final level is at or above the downside threshold of $197.14 (50% of initial), investors receive principal at maturity; if below, the payoff is $1,000 × (1 + underlying return), giving full downside exposure and potential loss of all principal.
The notes are unsecured obligations of UBS AG London Branch, not listed on any exchange, with limited or no secondary market expected. The estimated initial value is $965.20 per $1,000 note, below the issue price, reflecting dealer compensation, funding and hedging costs. All payments depend on UBS’s credit and may be affected by Swiss resolution powers.
UBS AG is offering Trigger Callable Contingent Yield Notes due on or about July 29, 2031, unsecured and unsubordinated debt linked to the least performing of three underlying assets: the State Street Energy Select Sector SPDR ETF (XLE), the Russell 2000 Index and the Nasdaq-100 Technology Sector index.
Each Note has a $1,000 principal amount and pays a 16.50% per annum contingent coupon, evaluated monthly, only if the closing level of each underlying is at or above its coupon barrier, set at 75.00% of its initial level. UBS may call the Notes monthly beginning after six months, paying principal plus any due coupon, after which no further payments are made.
If the Notes are not called and on the final valuation date every underlying is at or above its downside threshold (60.00% of its initial level), UBS repays principal (and a final coupon if barriers are met). If any underlying finishes below its downside threshold, repayment is reduced in proportion to the loss of the worst-performing underlying, and investors can lose up to 100% of principal. The estimated initial value per Note is between $959.60 and $989.60. Payments depend entirely on UBS’s credit; the Notes are not bank deposits and are not FDIC insured.
UBS AG is offering $1,887,000 of Trigger Autocallable Contingent Yield Notes linked to Constellation Energy Corporation common stock, with a principal amount of $1,000 per Note and a 28.70% per annum contingent coupon (quarterly coupons of $71.75 if conditions are met).
The Notes may be automatically called if Constellation’s stock closes at or above the call threshold of $258.115 (100% of the initial level) on a quarterly observation date. Coupons are paid only when the stock is at or above the coupon barrier of $206.492 (80% of the initial level; also the downside threshold). If the Notes are not called and the final stock level is below the downside threshold, repayment at maturity is reduced 1‑for‑1 with the stock’s decline, and investors can lose their entire principal.
The estimated initial value is $972.20 per $1,000 Note, below the issue price, reflecting dealer compensation, hedging and funding costs. The Notes are unsecured, unsubordinated UBS obligations, are not FDIC insured, will not be listed on any exchange and all payments are subject to UBS’s creditworthiness.
UBS AG is offering $4,252,000 of Trigger Callable Contingent Yield Notes linked to the least performing of the Nasdaq-100® Technology Sector Index and the Russell 2000® Index, maturing on June 21, 2028, at an issue price of $1,000 per note.
The notes pay a 13.65% per annum contingent coupon (about $11.375 per month) only when both indices close at or above their coupon barriers, set at 70.00% of initial levels (11,964.04 for NDXT; 2,083.381 for RTY). UBS may call the notes monthly after three months, returning principal plus any due coupon.
If not called and either index finishes below its downside threshold (also 70.00% of its initial level), repayment is reduced 1-for-1 with the worst index’s loss, up to a total loss of principal. The notes are unsubordinated, unsecured UBS debt; all payments depend on UBS’s credit, and Swiss resolution powers could affect recoveries. The estimated initial value is $988.60 per $1,000 note, below the issue price due to fees, hedging and funding costs.
UBS AG is issuing $735,000 of Trigger Callable Contingent Yield Notes due August 3, 2027, in $1,000 denominations, linked to the least performing of the Dow Jones Industrial Average, Nasdaq-100 Index and S&P 500 Index.
The notes pay a monthly contingent coupon at a 12.30% per annum rate (about $10.25 per note) only when each index closes at or above its coupon barrier, set at 70.00% of its initial level. UBS may call the notes in whole on any monthly observation date after three months, returning principal plus any due coupon.
If the notes are not called and, at maturity, every index is at or above its downside threshold (also 70% of initial), investors receive principal and, if conditions are met, the final coupon. If any index finishes below its downside threshold, repayment is reduced in line with the worst index’s loss, up to a total loss of principal. The notes are unsecured obligations of UBS, not listed, and have an estimated initial value of $991.40 per note, below the issue price.
UBS AG is offering $155,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Marvell Technology, Inc. The Notes are unsubordinated, unsecured debt of UBS with a scheduled trade date of July 15, 2026 and maturity on July 17, 2028.
Investors receive a contingent coupon only on observation dates when the Marvell share price is at or above a preset coupon barrier. The Notes are automatically called early if the share price on any observation date (before the final valuation date) is at or above the initial level, in which case holders receive principal plus the due coupon and no further payments.
If the Notes are not called and the final share price is at or above a downside threshold, investors receive only the $10 principal per Note (plus any final coupon if the barrier is also met). If the final level is below the downside threshold, repayment is reduced in line with the negative stock return and investors can lose all of their investment. Any payment depends on UBS’s credit, the Notes are not listed on any exchange, the minimum investment is 100 Notes ($1,000), and the estimated initial value per Note is $9.65, below the $10 issue price.
UBS AG is offering $703,000 of Capped Buffer GEARS, unsecured debt securities linked to the common stock of The Mosaic Company. These Securities are unsubordinated obligations of UBS and provide market-linked exposure rather than direct ownership of the underlying shares.
At maturity on July 23, 2027, the cash payment per Security depends on the underlying stock’s performance. If the underlying return is positive, investors receive the $10 principal plus a leveraged gain based on upside gearing, but the total return is capped by a maximum gain. If the underlying return is zero or negative and the final level is at or above a downside threshold, investors receive only the principal amount.
If the final level is below the downside threshold, repayment of principal is reduced: losses match the decline in the underlying beyond the buffer, and investors could lose almost all of their investment. The Securities pay no interest, are not listed on any exchange, and any payment, including principal, is subject to the creditworthiness of UBS. The issue price is $10 per Security with a minimum investment of 100 Securities, while the estimated initial value is $9.52 per Security based on UBS internal pricing models. Key dates are a trade date of July 15, 2026, final valuation date of July 21, 2027, and settlement date of July 17, 2026.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Marvell Technology, Inc., maturing on or about July 17, 2028. These are unsubordinated, unsecured debt obligations of UBS that are not bank deposits and are not FDIC insured.
The notes pay a contingent coupon only if the underlying stock closes at or above a specified coupon barrier on each observation date; otherwise no coupon is paid for that period. The notes are automatically called if the stock closes at or above its 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 the final stock level is at or above a downside threshold, investors receive only the $10 principal per note at maturity (plus any final coupon). If the final level is below the downside threshold, repayment is reduced in proportion to the stock’s decline, and investors can lose their entire investment. All payments depend on UBS’s credit, and secondary market liquidity is not assured. The minimum investment is 100 notes ($1,000), and the estimated initial value per note is expected to be between $9.33 and $9.58.
UBS AG is offering $679,000 aggregate principal amount of Capped Buffer GEARS linked to the common stock of Microsoft Corporation, maturing on July 23, 2027. These unsubordinated, unsecured notes provide leveraged upside exposure to positive stock performance up to a capped maximum gain and a conditional buffer against moderate losses.
The notes pay no interest and repay the $10 principal per Security at maturity only if the final stock level is at or above a downside threshold; below that level, principal is reduced beyond the buffer and investors can lose almost all of their investment. Any payment depends on UBS’s credit, the Securities are not insured, will not be listed on an exchange, have a minimum investment of 100 Securities, and have an estimated initial value of $9.58 per Security as of the trade date based on UBS’s internal pricing models.