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

UBS AG London Branch is offering Contingent Income Auto-Callable Securities with Memory Coupon linked to Alphabet Inc. Class A common stock. The notes have a stated principal amount of $1,000 per security, expected pricing on July 2, 2026, original issue date around July 8, 2026 and expected maturity about July 6, 2029. Payments are contingent on the underlying stock closing at or above a 65.00% downside threshold on specified determination dates; early automatic redemption can occur if the closing price is at or above the call threshold. If the final price is below the downside threshold, UBS will deliver a cash value and investors may lose a significant portion or all of their investment. All payments are subject to UBS credit risk.

UBS AG is offering Contingent Income Auto-Callable Securities with Memory Coupon linked to the common stock of The Goldman Sachs Group, Inc. The securities have a stated principal amount of $1,000.00 per security, an expected pricing date of July 2, 2026, an expected original issue date of July 8, 2026, and an expected maturity of July 6, 2029.

Holders may receive a contingent payment of $25.625 (equivalent to 10.25% per annum) on specified contingent payment dates if the underlying closing price meets or exceeds the downside threshold of 60.00% of the initial price. If the securities are not called and the final price is below the downside threshold, UBS will deliver a cash value calculated using the exchange ratio, and investors may lose a significant portion or all of their investment. All payments are subject to UBS AG credit risk.

UBS AG is offering $2,911,000 of Trigger Callable Contingent Yield Notes linked to the least performing of the Russell 2000® Index and the Nasdaq-100® Technology Sector, due May 30, 2028. The Notes pay a contingent coupon of 13.00% per annum only when each underlying closes at or above its coupon barrier on an observation date; otherwise no coupon is paid.

If UBS elects to call the Notes on a monthly observation date (beginning after three months), holders receive principal plus any contingent coupon due and the Notes terminate. If not called, repayment at maturity is full principal only if each underlying's final level is at or above its downside threshold (70.00% of its initial level); otherwise holders suffer a loss equal to the percentage decline of the least performing underlying asset, potentially losing all principal. The estimated initial value per Note was $986.40 and the issue price per Note is $1,000.00. Payments depend on UBS's creditworthiness.

UBS AG intends to offer Trigger Autocallable Contingent Yield Notes with Memory Interest linked to the common stock of Oracle Corporation, due on or about January 4, 2028. The offering features quarterly contingent coupons (a 15.00% to 17.00% per annum range), an automatic call if the underlying meets a call threshold, and contingent principal repayment at maturity that may be in cash or physical shares depending on the final level relative to a 50.00% downside threshold. The Notes are unsecured obligations of UBS and payments (including principal) depend on UBS creditworthiness; if the final level is below the downside threshold holders may receive a share delivery amount whose value could be significantly less than principal, resulting in substantial loss.

UBS AG is offering Capped Market-Linked Notes linked to the least performing of the Dow Jones Industrial Average and the S&P 500, with a term of approximately 18 months.

The Notes have a principal amount of $1,000 per Note, a stated maximum gain of at least 14.20% (maximum payment at maturity per Note of at least $1,142.00), a trade date of July 24, 2026, settlement on July 29, 2026, a final valuation date of January 24, 2028 and a maturity date of January 27, 2028. The issue price is stated as $1,000.00 per Note, the underwriting discount is $1.50 per Note and proceeds to UBS are $998.50 per Note. UBS estimates the Notes' initial value will be between $966.70 and $996.70 on the trade date.

The payment at maturity depends on the percentage change in the least performing underlying asset: if that return is positive, payment equals $1,000 × (1 + the lesser of the least performing underlying return and the maximum gain); if zero or negative, the holder receives the $1,000 principal only. All payments are subject to UBS credit risk; the Notes are unsecured, pay no interest, are not exchange-listed, and secondary market liquidity may be limited.

UBS AG (London Branch) is offering Capped Leveraged Buffered S&P 500® Index-Linked Medium-Term Notes. Each note has a $1,000 face amount, does not bear interest and has an expected term of 15–17 months. The notes provide an upside participation rate of 140.00% subject to a cap level expected to be between 111.89% and 113.98% of the initial underlier level, and a maximum settlement amount expected to be between $1,166.46 and $1,195.72 per $1,000 face amount. A 10.00% buffer protects against declines up to -10.00%; declines beyond that produce leveraged losses (~111.11% exposure below the buffer). Estimated initial value on the trade date is expected between $967.50 and $997.50 per $1,000. The notes are unsecured obligations of UBS and your return depends on UBS creditworthiness; you can lose your entire investment.

UBS AG is offering Trigger Autocallable Contingent Yield Notes with Memory Interest linked to the least performing of the common stock of Amazon.com, Inc. and Alphabet Inc. The Notes pay contingent coupons if both underlyings meet coupon barriers on observation dates, may be automatically called early, and have contingent repayment of principal at maturity tied to the least performing underlying asset. The Notes have a principal amount of $1,000 per Note, an illustrative contingent coupon rate of 13.20% per annum (contingent coupon of $33.00 per observation), an estimated initial value range of $948 to $978, a trade date of June 30, 2026, a settlement date of July 6, 2026, a final valuation date of July 2, 2029 and a maturity date of July 6, 2029.

These Notes expose holders to market risk of each underlying on each observation date and to UBS credit risk; if not called and the final level of any underlying is below its downside threshold (illustratively 60.00% of initial level), holders may suffer a loss equal to the negative return of the least performing underlying and could lose all principal.

The issuer, UBS AG, is offering Trigger Autocallable Contingent Yield Notes with Memory Interest linked to the least performing common stock of Apple Inc. and Amazon.com, Inc.. The Notes pay contingent quarterly coupons if both underlyings meet coupon barriers on observation dates and may be automatically called early. Principal is repaid at maturity only if final levels meet downside thresholds; otherwise repayment is reduced pro rata to the negative return of the least performing underlying. The Notes mature on January 4, 2028, have a principal amount of $1,000 per Note, a contingent coupon rate shown on the cover, and are subject to UBS credit risk and limited secondary market liquidity.

UBS AG offers Trigger Autocallable Contingent Yield Notes linked to the Solactive U.S. Large Cap Volatility Navigator 40 Index, with a $1,000 principal amount per Note and a term of approximately five years unless automatically called. The Notes pay a fixed contingent coupon only when the underlying index closes at or above a specified coupon barrier on observation dates and may be automatically called if the index closes at or above a call threshold on any observation date beginning after 12 months. At maturity, if not called, repayment of principal depends on the final index level relative to a downside threshold; if the final level is below that threshold, investors suffer a loss equal to the underlying return and could lose all principal. Key terms shown on the cover include a contingent coupon rate of 18.00% per annum, a call threshold equal to 100.00% of the initial level, a coupon barrier at 70.00% of the initial level and a downside threshold at 60.00% of the initial level. Trade date, settlement and lifecycle dates include a trade date of July 1, 2026, expected settlement July 7, 2026, final valuation date July 1, 2031 and maturity July 7, 2031. The issue price is $1,000.00 per Note and estimated initial value is stated between $939.00 and $969.00; proceeds to UBS are shown as $991.00 per Note after a $9.00 underwriting discount. The Notes are unsecured obligations of UBS and payments are subject to UBS credit risk.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of DoorDash, Inc., maturing on or about July 6, 2029. The notes pay a contingent coupon only when the underlying's closing level on an observation date meets or exceeds a specified coupon barrier, are subject to early automatic call if the closing level meets a call threshold, and provide contingent repayment of principal at maturity only if the final level is at or above a specified downside threshold. The contingent coupon rate is set in a range of 18.80% to 19.05% per annum and the principal amount is $1,000 per note. Issue price, underwriting discount of $20 per note, estimated initial value range ($941.90 to $971.90) and final economic terms will be set on the trade date. The notes are unsecured obligations of UBS and any payment is subject to UBS credit risk; investors may lose a significant portion or all of their investment.

UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the S&P 500®, Russell 2000® and Nasdaq-100® Technology Sector, with a stated contingent coupon rate of 14.00% per annum and a per-note issue price of $1,000.00. The notes are callable monthly by UBS beginning ~3 months after issuance and mature on or about July 6, 2029. Principal repayment at maturity depends on the final level of the least performing underlying asset relative to a 60.00% downside threshold; if that final level is below the threshold, repayment will be reduced pro rata and could result in the loss of most or all principal. The preliminary estimated initial value range is $961.90 to $991.90 per note, and underwriting discount per note is $5.00. All payments are subject to UBS credit risk.

UBS AG is offering Buffer Callable Contingent Yield Notes linked to the least performing of the S&P 500® Index and the Russell 2000® Index due June 28, 2029. The Notes pay a contingent coupon of 8.50% per annum on specified observation dates only if each underlying’s closing level meets its coupon barrier. The Notes include an issuer call feature allowing UBS to call the Notes in whole on specified call settlement dates; if called you receive principal plus any contingent coupon then due. If not called, principal is repaid at maturity only if each underlying’s final level is at or above its downside threshold (70% of the initial level). A 30% buffer applies to losses tied to the least performing underlying asset; if the final level of the least performing underlying asset is below its downside threshold, you may lose some or almost all of your investment. The estimated initial value range is $966.90 to $996.90 per $1,000 principal amount. The Notes are unsecured obligations of UBS and subject to UBS credit risk and Swiss regulatory resolution powers.

UBS is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Spotify Technology S.A. The notes have an expected term of approximately 3 years, with trade date June 30, 2026, settlement July 6, 2026, final valuation July 2, 2029 and maturity July 6, 2029. The contingent coupon rate will be set on the trade date in the range 17.40% to 17.80% per annum and the cover shows a coupon barrier and downside threshold equal to 60.00% of the initial level and a call threshold equal to 100.00% of the initial level. Issue price is $1,000 per note with an underwriting discount of $20.00 (proceeds to UBS $980.00). The estimated initial value range is $943.50 to $973.50 as of the trade date. Principal repayment at maturity is contingent: if the final level is below the downside threshold, holders absorb the underlying return and could lose a significant portion or all principal. All payments depend on UBS creditworthiness.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Thomson Reuters Corporation (ticker TRI). The notes have a principal amount of $1,000 per Note, a term of approximately 3 years, expected trade date June 30, 2026, settlement July 6, 2026, and maturity July 6, 2029. The contingent coupon rate is set in a range of 21.60% to 21.85% per annum and will be paid only if the underlying closing level on an observation date is at or above the coupon barrier. The notes are automatically called if the underlying closing level on an observation date (prior to final valuation) is at or above the call threshold (100% of the initial level). At maturity, if not called, principal is repaid only if the final level is at or above the downside threshold (60% of the initial level); if below, repayment is reduced proportionally to the underlying return.

Estimated initial value is between $935.10 and $965.10. Issue price is shown as $1,000.00 with an underwriting discount of $20.00 (proceeds to UBS $980.00 per Note). Any payment depends on UBS creditworthiness and holders may lose a significant portion or all of their investment.

UBS AG is offering $630,000 of Trigger Callable Contingent Yield Notes linked to the least performing of the S&P 500® Index, the Russell 2000® Index and the Nasdaq-100® Technology Sector maturing June 28, 2029. The Notes pay a contingent coupon of 10.60% per annum on coupon dates only if each underlying asset meets its coupon barrier on the relevant observation date. UBS may call the Notes in whole on monthly observation dates beginning ~3 months after issuance; if called you receive principal plus any contingent coupon due on the call settlement date. If not called, repayment at maturity depends on the final levels: full principal is returned only if every underlying asset is at or above its downside threshold (65% of initial level); otherwise repayment is reduced based on the percentage decline of the least performing underlying asset, and investors could lose all principal. The estimated initial value at trade date was $968.50 per $1,000 Note and the issue price is $1,000 per Note. The Notes are unsecured obligations of UBS and are subject to UBS credit risk, limited secondary market liquidity, underwriting discounts and hedging costs. Key numeric terms such as initial levels and coupon/downside levels for each index are set forth in the table in this document.

The issuer, UBS AG, is offering UBS Trigger Autocallable Contingent Yield Notes linked to the common stock of Devon Energy Corporation and Netflix, Inc. The Notes have a term of approximately three years (trade date June 26, 2026; settlement June 30, 2026; maturity about June 29, 2029), pay periodic contingent coupons only if observation-date levels meet a coupon barrier, and are autocallable if an observation-date closing equals or exceeds the call threshold. If not called, principal repayment at maturity is contingent on the final level versus a downside threshold; a final level below that threshold exposes investors to the full downside of the underlying stock (possible total loss). Issue price per Note is $10 with an underwriting discount of $0.20 per Note; estimated initial values per Note are shown in ranges below the issue price. All payments are subject to UBS credit risk.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Arista Networks, Inc. The Notes have an expected $1,000 principal per Note, an approximately three-year term and contingent coupon range of 23.30% to 23.60% per annum. Key dates include a trade date of June 30, 2026, expected settlement on July 6, 2026, a final valuation date of July 2, 2029, and maturity on July 6, 2029.

The Notes pay fixed contingent coupons only when the underlying closing level meets or exceeds a coupon barrier and are automatically called if the underlying meets a call threshold on any observation date. At maturity, principal protection applies only if the final level is at or above the downside threshold; otherwise principal is reduced proportionally to the underlying return and you could lose a significant portion or all of your investment. Payments depend on UBS’s creditworthiness, the Notes will not be listed, and the estimated initial value range on the trade date is $941.30 to $971.30.

UBS AG priced a preliminary offering for Trigger Callable Contingent Yield Notes linked to the least performing of the S&P 500® Index and the Nasdaq-100® Technology Sector, due on or about July 5, 2029. The notes pay a contingent coupon only when each underlying closes at or above its coupon barrier on an observation date and are callable monthly by UBS beginning after 12 months.

The payment at maturity depends on whether UBS calls the notes and on the final levels of the underlying assets relative to their 70.00% downside thresholds; if any final level is below its threshold, holders may suffer a principal loss equal to the decline of the least performing underlying asset. The preliminary issue price is $1,000 per note and the estimated initial value range is $945.40–$975.40.

UBS AG is offering trigger autocallable contingent yield notes with memory interest linked to the common stock of AppLovin Corporation. The notes have a principal amount of $1,000 per note, quarterly observation dates and an expected maturity date of January 4, 2028. The contingent coupon rate will be set on the trade date within a disclosed range of 28.00% to 30.00% per annum; contingent coupons are paid only if the underlying equity closes at or above a specified coupon barrier on an observation date. The notes may be automatically called early if the underlying equity meets or exceeds a call threshold on an observation date. If not called and the final level is below the downside threshold, holders receive a share delivery amount (principal divided by the initial level) instead of cash, which can result in a substantial loss of principal. The estimated initial value range is $930.20 to $960.20 per note and the issue price includes underwriting and other costs.

UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the Dow Jones Industrial Average, the Russell 2000 Index and shares of the State Street Technology Select Sector SPDR ETF (XLK). The notes pay a contingent coupon (illustrative rate 16.75% per annum) only if each underlying asset meets its coupon barrier on an observation date, are callable monthly by UBS beginning after approximately three months, and repay principal at maturity only if the final level of every underlying asset is at or above its downside threshold (illustrative thresholds: 65% downside thresholds; 75% coupon barriers). The estimated initial value range is $952.00–$982.00 and the issue price is $1,000 per note (underwriting discount up to $10, proceeds to UBS at least $990 per note). The notes are unsecured obligations of UBS and subject to issuer credit risk, limited upside (contingent coupons only), potential significant principal loss tied to the least performing underlying asset, limited liquidity and potential conflicts of interest related to hedging and calculation-agent roles.

UBS AG is offering Capped Market-Linked Notes linked to the least performing of the Dow Jones Industrial Average® and the S&P 500® Index due on or about January 27, 2028. The payment at maturity for a $1,000 Note equals $1,000 × (1 + the lesser of (a) the least performing underlying return and (b) the Maximum Gain); if the least performing underlying return is zero or negative, you receive $1,000. The preliminary terms state a Maximum Gain of at least 13.80% (Maximum Payment at Maturity per Note at least $1,138.00). Trade date is July 24, 2026, settlement July 29, 2026, final valuation date January 24, 2028.

The Notes pay no interest, are unsecured obligations of UBS, and repayment (including principal) is subject to UBS credit risk. The issue price is $1,000 per Note; UBS’ estimated initial value range is $966.70 to $996.70. The offering documents warn of limited secondary market liquidity, model-driven estimated value below issue price, potential conflicts of interest, and uncertain U.S. tax treatment.

UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the Dow Jones Industrial Average®, the Nasdaq-100® and the S&P 500®. The Notes pay periodic contingent coupons only if each underlying asset meets its coupon barrier on an observation date, are issuer-callable beginning after three months, and repay principal at maturity only if each underlying asset is at or above its downside threshold; otherwise repayment declines with the least performing underlying asset. Payments are subject to UBS credit risk. The trade date is June 25, 2026, settlement June 30, 2026, final valuation March 25, 2027, and maturity March 31, 2027. The principal amount is $1,000 per Note and the estimated initial value range is $961.40–$991.40.

UBS AG offers Bearish Barrier Early Redeemable Market Linked Notes linked to the S&P 500® Index due on or about October 21, 2027. Each Note has a $1,000 principal amount and may be redeemed early if the index closes below a lower barrier equal to the initial level minus 20.00% on any trading day during the observation period. If not called early and the final level is equal to or greater than the initial level, the investor receives the principal plus a capped digital return of 5.45%. If not called early and the final level is below the initial level, the investor receives the principal plus the absolute underlying return, capped at 20.00%. Payments depend on UBS’s creditworthiness and the estimated initial value range on the trade date is between $961.90 and $991.90. Trade date is July 17, 2026 and settlement is expected July 22, 2026.

UBS AG offers $159,000 Trigger Autocallable Contingent Yield Notes linked to Eli Lilly common stock due June 26, 2029. The Notes pay a contingent coupon only if the underlying closes at or above the coupon barrier on observation dates and may be automatically called 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 is at or above the downside threshold; if the final level is below that threshold, repayment is reduced proportionally to the underlying return and you may lose a significant portion or all of your investment. All payments remain subject to UBS credit risk.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Advanced Micro Devices, Inc. with final valuation on June 22, 2029 and maturity on June 26, 2029. The Notes pay a contingent coupon on each coupon payment date only if the underlying's closing level on an observation date is at or above a stated coupon barrier; otherwise no coupon is paid.

The Notes are automatically called early if the underlying's closing level on any interim observation date is equal to or greater than the initial level; in that case UBS pays principal plus any contingent coupon on the related coupon payment date. If not called and the final level is below the downside threshold, principal repayment at maturity is reduced pro rata to the underlying return (you may lose a significant portion or all of your investment). Trade date is June 24, 2026, settlement June 26, 2026. Minimum investment is 100 Notes at $10 per Note; estimated initial value as of the trade date is $9.71. All payments are subject to UBS creditworthiness.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to NVIDIA Corporation stock due June 26, 2029. The Notes pay contingent coupons only if the underlying closing level meets or exceeds 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 final valuation. 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; if below, repayment falls in direct proportion to the underlying return and could result in a total loss. Payments depend on UBS creditworthiness. Trade date is June 24, 2026, settlement June 26, 2026, final valuation June 22, 2029, maturity June 26, 2029.

UBS AG priced a preliminary pricing supplement for Trigger Autocallable Contingent Yield Notes linked to the common stock of Eli Lilly and Company. The Notes mature on June 26, 2029 with a final valuation date of June 22, 2029. The Notes pay periodic contingent coupons only if the underlying's closing level on an observation date is at or above the coupon barrier; they are automatically called if the underlying's closing level on any observation date prior to the final valuation date is at or above the initial level. If not called and the final level is below the downside threshold, principal is repaid on a contingent basis and investors may suffer losses equal to the underlying return, potentially losing the entire investment. The Notes are unsecured obligations of UBS AG and any payment depends on UBS's creditworthiness. Trade date is June 24, 2026 with expected settlement on June 26, 2026. Minimum investment is 100 Notes ($1,000) and the estimated initial value on the trade date is between $9.35 and $9.60 per Note.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to NVIDIA Corporation common stock maturing June 26, 2029. The Notes pay periodic contingent coupons only if the underlying closing level meets or exceeds the coupon barrier on each observation date and may be automatically called quarterly (beginning after ~6 months) 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 returned only if the final level is at or above the downside threshold; if the final level is below that threshold, holders suffer a loss equal to the percentage decline in the underlying (potentially losing the entire investment). Payments depend on UBS creditworthiness. The Notes are offered in $10 denominations with an estimated initial value of $9.74.

UBS AG priced a preliminary offering of Trigger Autocallable Contingent Yield Notes linked to the common stock of Advanced Micro Devices, Inc. The Notes mature on June 26, 2029 with a final valuation date of June 22, 2029. They pay contingent coupons only if observation-date closing levels meet or exceed a coupon barrier and are subject to an automatic early call 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 only if the final level is at or above the downside threshold; otherwise principal is reduced pro rata with the underlying return, potentially producing a total loss. The Notes are unsecured obligations of UBS and repayment is subject to UBS credit risk. Trade and settlement are expected on June 24, 2026 and June 26, 2026, respectively. The Notes are offered in minimum increments of 100 Notes at $10 per Note; the preliminary estimated initial value range is $9.37 to $9.62 per Note.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Dollar General Corporation due June 26, 2028. 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 a stated coupon barrier; otherwise no coupon is paid. The Notes will be automatically called early if the underlying closing level on any interim observation date is equal to or greater than the initial level, in which case UBS will pay principal plus any contingent coupon on the related coupon payment date. 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 the final level is below the downside threshold you receive $10 x (1 + underlying return), which can result in a substantial loss or loss of the entire investment. All payments are subject to UBS's creditworthiness. Trade and settlement are June 24, 2026 and June 26, 2026; final valuation and maturity dates are June 22, 2028 and June 26, 2028.

UBS AG priced a preliminary offering of Trigger Autocallable Contingent Yield Notes linked to NVIDIA Corporation stock due on or about June 26, 2029. The notes pay periodic contingent coupons only if the underlying closes at or above a coupon barrier on observation dates and are 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 payable only if the final level is at or above the stated downside threshold; otherwise the cash payment equals $10×(1+Underlying Return), which can result in a partial or total loss of principal. The offering lists a $10 principal per note, an estimated initial value range of $9.36–$9.61 per note, and example contingent coupon terms (a hypothetical 10.51% per annum yielding a $0.2628 coupon per $10 note per observation). Investors bear issuer credit risk and significant market downside exposure; suitability and final terms are set on the trade date.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of NVIDIA Corporation with a principal amount of $10 per Note. The notes can autocall quarterly (beginning ~6 months after trade), pay contingent coupons only if observation levels meet a coupon barrier, and repay principal at maturity only if the final level is at or above a disclosed downside threshold; otherwise principal is reduced pro rata to the underlying return. Trade date is June 24, 2026, expected settlement June 26, 2026, final valuation June 22, 2029 and maturity June 26, 2029. The estimated initial value range is $9.36 to $9.61 per Note. These notes are unsecured obligations of UBS and repayment is subject to UBS credit risk. The offering is described in a preliminary pricing supplement dated June 24, 2026 and is subject to final Offering Documents.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Oracle Corporation maturing December 27, 2027. The Notes pay periodic contingent coupons only when the underlying closing level meets or exceeds a coupon barrier and are automatically called 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 is at or above the downside threshold; if the final level is below that threshold, investors suffer a loss proportional to the underlying return and could lose their entire principal. All payments are subject to UBS credit risk. Trade and settlement dates are June 24, 2026 and June 26, 2026, respectively; the estimated initial value per Note is $9.78.

UBS AG offers Trigger Autocallable Contingent Yield Notes linked to Oracle Corporation common stock due June 26, 2028. The Notes pay contingent coupons only when the underlying closing level meets specified barriers and may be automatically called early if the underlying reaches the initial level on an observation date.

The terms include a contingent coupon rate illustrated at 23.92% per annum, a downside threshold and coupon barrier equal to $60.00 (60.00% of the initial level) in the examples, an estimated initial value of $9.75 per $10 Note, trade/settlement dates in June 2026, a final valuation date of June 22, 2028, and maturity of June 26, 2028. Principal repayment at maturity is contingent on the final level; if the final level is below the downside threshold you will suffer a loss proportional to the underlying return and could lose all principal. All payments are subject to UBS's creditworthiness.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Dollar General Corporation stock due on or about June 26, 2028. The Notes pay contingent coupons only if the underlying closes at or above a coupon barrier on observation dates and are subject to automatic early call if the underlying closes at or above the initial level on an observation date. 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; if the final level is below that threshold, repayment is reduced proportionally to the underlying return and investors could lose a significant portion or all of their investment. All payments depend on UBS's creditworthiness. Trade date: June 24, 2026; settlement date: June 26, 2026. The estimated initial value per Note is between $9.40 and $9.65.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Oracle Corporation, maturing on December 27, 2027. The preliminary terms set a trade date of June 24, 2026 and settlement on June 26, 2026.

The Notes pay periodic contingent coupons only if the underlying closes at or above a coupon barrier on observation dates; they autocall early if the underlying closes at or above the initial level on an observation date. Example terms show a hypothetical contingent coupon rate of 21.75% per annum (contingent coupon $0.5438 per $10 Note), a downside threshold of $60.00 (60.00% of the initial level) and an estimated initial value range of $9.47 to $9.72 per $10 Note. Principal repayment at maturity is contingent: if final level < downside threshold, holders suffer a loss equal to the underlying return (example: $3.60 per $10 Note, a 58.562% loss in the example).

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Micron Technology, Inc. The notes mature on December 27, 2027 with a final valuation date of December 22, 2027. The offering references a notional amount displayed as $765,000 on the cover.

The notes may pay periodic contingent coupons only if the underlying closing level on each observation date meets or exceeds a stated coupon barrier. The notes are automatically called early if the underlying closing level on any observation date before the final valuation date is at or above the initial level, in which case holders receive principal plus any contingent coupon due on the call settlement date. If not called, repayment of principal at maturity is contingent: if the final level is below the downside threshold, holders suffer a loss proportional to the underlying return and could lose their entire investment. Payments are subject to UBS credit risk. Trade and settlement dates are June 24, 2026 and June 26, 2026, respectively.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Oracle Corporation common stock with a final maturity on June 26, 2028. The notes pay periodic contingent coupons only if the underlying closing level meets the coupon barrier on observation dates and may be automatically called early if the underlying closes at or above the initial level on any observation date. If not called, principal is repaid at maturity only if the final level is at or above the downside threshold; otherwise repayment is reduced pro rata to the underlying return and you could lose a significant portion or all of your investment. Payments are subject to the creditworthiness of UBS AG. Trade date is June 24, 2026 with settlement on June 26, 2026. The estimated initial value range is $9.42–$9.67 per $10 Note as of the trade date.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to First Solar, Inc. The Notes pay a contingent coupon only when the underlying's 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 repayment at maturity depends on the final level versus a downside threshold; if the final level is below that threshold, holders suffer a loss equal to the underlying return and could lose all principal. Trade date is June 24, 2026, settlement June 26, 2026, final valuation date June 22, 2028 and maturity June 26, 2028. The Notes have a $10 principal amount per Note, an estimated initial value of $9.78 per Note, and a minimum purchase of 100 Notes. All payments are subject to UBS credit risk.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Meta Platforms, Inc. The Notes mature on June 26, 2029 with a final valuation date of June 22, 2029. They pay contingent coupons only if observation-date closing levels meet the coupon barrier and can be automatically called on quarterly observation dates (beginning ~6 months after issuance) if the closing level 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 at maturity is reduced proportionally to the underlying return and could result in the loss of a substantial or all of the principal. The Notes are unsecured obligations of UBS AG, not FDIC insured, offered in minimum investments of 100 Notes at $10 per Note; the estimated initial value on the trade date is $9.77. Credit risk of UBS applies to all payments.

UBS AG is offering $4,350,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Amazon.com, Inc. 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. 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, in which case holders receive principal plus any contingent coupon then due. If not called, repayment of principal at maturity on June 26, 2028 depends on whether the final level is at or above the downside threshold (illustrative: $70.00, or 70% of the initial level); if the final level is below that threshold, the cash payment at maturity will be reduced and may result in a loss up to the entire principal. Trade date is June 24, 2026 and settlement is expected June 26, 2026. The Notes are unsecured obligations of UBS and any payments are subject to UBS's creditworthiness. The estimated initial value was $9.83 per $10 Note and the minimum investment is 100 Notes ($1,000). Investors are urged to review the product supplement for detailed Key Risks and liquidity considerations.

UBS AG offers Trigger Autocallable Contingent Yield Notes linked to Micron Technology, Inc. with a trade date of June 24, 2026, expected settlement June 26, 2026, final valuation on December 22, 2027 and maturity on December 27, 2027.

The Notes pay a contingent coupon only if the underlying stock closes at or above the coupon barrier on observation dates and are automatically called if the underlying closes at or above the initial level on an observation date. If not called, principal is protected at maturity only if the final level is at or above the downside threshold; otherwise investors suffer a loss equal to the underlying return and could lose their entire investment. Payments depend on UBS creditworthiness. The estimated initial value per Note is between $9.17 and $9.42.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of First Solar, Inc. The preliminary pricing supplement dated June 24, 2026 sets a trade date of June 24, 2026, settlement on June 26, 2026 and a maturity on or about June 26, 2028. Each Note has a principal amount of $10 and pays contingent coupons only when the underlying closing level meets or exceeds the coupon barrier on observation dates. The Notes 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, principal repayment at maturity is contingent on the final level relative to the downside threshold and could result in partial or total loss of principal. The document shows an example contingent coupon rate of 18.86% per annum and an estimated initial value range of $9.41 to $9.66 per Note. All payments, including any principal repayment, are subject to UBS credit risk.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Meta Platforms, Inc. stock due on or about June 26, 2029. The notes pay periodic contingent coupons only if observation-date closing levels meet the coupon barrier, are subject to quarterly automatic calls beginning ~6 months after trade, and repay principal at maturity only if the final level is at or above a downside threshold; otherwise principal at maturity is reduced proportionally to the underlying return. All payments depend on UBS creditworthiness. The trade date is June 24, 2026 with settlement expected June 26, 2026.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Royal Gold, Inc. 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 any observation date. 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 underlying return and you can lose a significant portion or all of your investment. Trade date is June 24, 2026, expected settlement June 26, 2026, final valuation date June 22, 2028, and maturity June 26, 2028.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Broadcom Inc. stock due June 26, 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 quarterly after six months if the underlying reaches 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 the downside threshold; otherwise repayment falls by the underlying return and you could lose a substantial portion or all of your investment. Payments depend on UBS creditworthiness. Trade date is June 24, 2026 and maturity is June 26, 2028.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Amazon.com, Inc. The notes have a trade date of June 24, 2026, expected settlement on June 26, 2026, a final valuation date of June 22, 2028 and maturity on June 26, 2028. The notes pay periodic contingent coupons only if the underlying closes at or above a coupon barrier on observation dates and are automatically called early if the underlying closes at or above the initial level on any prior observation date. At maturity, if not called, principal repayment is contingent: full principal is returned only if the final level is at or above a disclosed downside threshold; if below, repayment equals $10 x (1 + Underlying Return), which can result in a partial or total loss of principal. The preliminary range for estimated initial value is $9.44 to $9.69 per $10 note; minimum investment is 100 notes ($1,000). The notes are unsecured obligations of UBS and repayment is subject to UBS credit risk.

UBS AG offers Trigger Autocallable Contingent Yield Notes linked to Amazon.com, Inc. stock due June 26, 2028. The Notes pay periodic contingent coupons only if the underlying closing level meets a coupon barrier on observation dates and will be automatically called early if the underlying meets or exceeds 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 a disclosed downside threshold; if the final level is below that threshold, repayment at maturity will be reduced pro rata to the underlying return, potentially causing a substantial or total loss of principal. Payments, including principal, are subject to the creditworthiness of UBS and the Notes are not FDIC insured. Trade date is June 24, 2026, settlement June 26, 2026, final valuation date June 22, 2028 and maturity June 26, 2028. The estimated initial value on the trade date is $9.78 per Note and the Notes are offered in minimum investments of 100 Notes at $10 per Note.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Meta Platforms, Inc. The Notes pay contingent coupons only if the underlying closing level meets the coupon barrier on observation dates and can be automatically called early if the underlying reaches the initial level.

If not called, principal repayment at maturity depends on the final level relative to a downside threshold; principal may be reduced pro rata to the underlying return, and you could lose all of your initial investment. Payments are subject to UBS creditworthiness. Key dates: trade June 24, 2026, settlement June 26, 2026, final valuation June 22, 2028, maturity June 26, 2028. Minimum investment: 100 Notes ($1,000). Estimated initial value per Note: $9.80.