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

UBS AG proposes a preliminary offering of Trigger Autocallable Contingent Yield Notes linked to the common stock of Royal Gold, Inc., with expected trade date June 24, 2026 and maturity on or about 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 the coupon barrier; otherwise no coupon is paid. The Notes may be automatically called early if the underlying closing level on any observation date prior to maturity is at or above the initial level, in which case holders receive principal plus any contingent coupon due on the related call settlement date. If not called and the final level is below the downside threshold, principal repayment at maturity is contingent and may decline in line with the underlying return (potentially resulting in total loss). The estimated initial value range on the trade date is $9.46 to $9.71 per $10 Note; the example contingent coupon rate shown is 14.80% per annum ($0.74 per $10 per period in the examples). All payments are subject to UBS's creditworthiness.

UBS AG proposes to offer Trigger Autocallable Contingent Yield Notes linked to Broadcom Inc. with final terms set on the trade date.

The Notes mature on June 26, 2028, pay contingent quarterly coupons only if observation-date levels meet the coupon barrier, can be automatically called quarterly beginning ~6 months after issuance, and repay principal at maturity only if the final level meets the downside threshold.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Meta Platforms, Inc. The Notes have a trade date of June 24, 2026, expected settlement on June 26, 2026 and mature on or about June 26, 2028. They pay periodic contingent coupons only when the underlying's closing level on an observation date is at or above the coupon barrier; otherwise no coupon is paid. The Notes will be automatically called early if the underlying's 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 the contingent coupon then due. If not called, principal repayment at maturity is contingent: if the final level is at or above the downside threshold you receive full principal; if below, repayment equals $10 x (1 + underlying return), exposing investors to the percentage loss of the underlying and potential total loss. Minimum investment is 100 Notes ($1,000). The estimated initial value range on the trade date is between $9.44 and $9.69.

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 an expected maturity of June 26, 2028. The notes pay periodic contingent coupons only if the underlying closing level meets or exceeds a coupon barrier on observation dates and include an automatic call if the underlying reaches or exceeds the initial level on an observation date. If not called, principal repayment at maturity is contingent: full principal is paid only if the final level is at or above the disclosed downside threshold; otherwise repayment is reduced pro rata to the underlying return, and investors may lose a significant portion or all of their investment. Minimum initial investment is 100 Notes at $10 per Note. The estimated initial value range is $9.44 to $9.69 per Note, determined by UBS internal pricing models.

UBS AG published a preliminary pricing supplement dated June 24, 2026 for $• Trigger Autocallable Contingent Yield Notes linked to the common stock of Ford Motor Company, due on or about June 26, 2029, subject to completion.

The Notes have a $10 principal amount per Note, minimum purchase of 100 Notes ($1,000), and an estimated initial value on the trade date between $9.30 and $9.55. The Notes pay quarterly contingent coupons only if the underlying meets coupon barriers, feature quarterly observation dates (beginning ~6 months after trade date) and an automatic-call if the underlying equals or exceeds the initial level on an observation date. At maturity, principal is repaid only if the final level is equal to or above the downside threshold; if below, investors suffer a loss equal to the underlying return (examples show potential payout of $3.30 per Note in a downside scenario). Payments are subject to the creditworthiness of UBS AG.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Norwegian Cruise Line Holdings Ltd., due June 26, 2028. The Notes pay a contingent coupon only if the underlying stock closes at or above a coupon barrier on observation dates and may be automatically called early if the underlying closes at or above the initial level on any observation date prior to the final valuation date. If not called, principal repayment at maturity is contingent: if the final level is below the downside threshold you will suffer a loss equal to the underlying return and could lose all of your investment. Key terms in this excerpt: trade date June 24, 2026, settlement date June 26, 2026, final valuation date June 22, 2028, maturity date June 26, 2028, estimated initial value $9.71, minimum investment 100 Notes ($1,000).

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Applied Materials, Inc. The Notes pay periodic contingent coupons only if the underlying closing level on each observation date is at or above a coupon barrier; otherwise no coupon is paid. The Notes are subject to automatic early redemption if the underlying closing level on any observation date prior to the final valuation date is equal to or greater than the initial level.

Key economic terms in this pricing supplement: an indicated aggregate reference of $375,000 on the cover, a principal amount of $10 per Note, an estimated initial value of $9.79 per Note, an illustrative contingent coupon rate of 25.48% per annum (contingent coupon of $0.637 on the $10 example), a downside threshold and coupon barrier of $50.00 (50% of the initial level), a trade date of June 24, 2026, settlement June 26, 2026, final valuation date June 22, 2028 and maturity June 26, 2028. Any repayment of principal is contingent at maturity on the final level relative to the downside threshold and on UBS’s creditworthiness.

UBS AG offers Trigger Autocallable Contingent Yield Notes linked to the common stock of the referenced issuer. The Notes pay periodic contingent coupons only if the underlying closes at or above a coupon barrier on observation dates and may be automatically called early if the underlying closes at or above the initial level on any observation date prior to final valuation. 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 pro rata to the underlying return and investors could lose all of their initial investment. Payments are subject to UBS's creditworthiness. Trade and settlement are shown as June 24, 2026 and June 26, 2026; final valuation and maturity are June 22, 2028 and June 26, 2028.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Netflix, Inc. common stock due June 26, 2028. The Notes pay periodic contingent coupons only if the underlying stock closes at or above a coupon barrier on observation dates and will be automatically called early if the stock closes at or above the initial level on any earlier observation date. If not called and the final level is below the downside threshold, principal repayment at maturity is reduced in proportion to the underlying return, potentially resulting in a substantial or total loss of principal. Payments are subject to UBS creditworthiness; the estimated initial value per Note is $9.81 and the principal amount per Note is $10.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Norwegian Cruise Line Holdings Ltd. The trade date is June 24, 2026, with expected settlement on June 26, 2026 and maturity on June 26, 2028.

The Notes pay periodic contingent coupons only if the underlying closing level on an observation date meets or exceeds a coupon barrier; they are automatically called if the underlying closing level on an observation date equals or exceeds the initial level. If not called, principal repayment at maturity is contingent: if the final level is at or above the downside threshold you receive the principal amount; if the final level is below the downside threshold you receive an amount that reflects the underlying return, which could result in a significant loss or total loss of principal. The Notes are unsecured obligations of UBS and subject to UBS credit risk. The estimated initial value per Note on the trade date is expected to be between $9.41 and $9.66, and the Notes are offered in minimum increments of 100 Notes at $10 per Note.

UBS AG is marketing preliminary Trigger Autocallable Contingent Yield Notes linked to the common stock of Applied Materials, Inc., with expected trade date June 24, 2026, settlement June 26, 2026, final valuation date June 22, 2028 and maturity June 26, 2028. The Notes pay periodic contingent coupons only if the underlying closes at or above a coupon barrier on observation dates and may be automatically called early if the underlying closes at or above the initial level on an observation date. If not called, principal repayment at maturity is contingent: full principal is paid if the final level is at or above the downside threshold; otherwise repayment is reduced pro rata by the underlying return, potentially resulting in complete loss of principal. The Notes are unsecured obligations of UBS AG and all payments depend on UBS’s creditworthiness. The estimated initial value per $10 Note is between $9.42 and $9.67.

UBS AG offers Trigger Autocallable Contingent Yield Notes linked to Broadcom Inc. stock that mature on June 26, 2029. The Notes pay periodic contingent coupons only if the underlying meets the coupon barrier on observation dates and are automatically called early if the underlying reaches 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 below, principal repayment is reduced in proportion to the underlying return and investors can lose a substantial portion or all of their investment. All payments remain subject to UBS credit risk.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Akamai Technologies, Inc. stock due June 26, 2029. The Notes pay a contingent coupon only when the underlying closing level on an observation date meets or exceeds the coupon barrier and will be automatically called early if the underlying equals 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 the downside threshold; otherwise principal will be reduced pro rata to the underlying return and investors may lose a significant portion or all of their investment. Payments, including any principal repayment, are subject to UBS credit risk. The offering has a minimum purchase of 100 Notes at $10 per Note and an estimated initial value of $9.71 as of the trade date.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Vertiv Holdings Co. The Notes pay a contingent coupon on observation dates only if the underlying closing level meets or exceeds the coupon barrier. The Notes are subject to automatic quarterly calls beginning about six months after issuance if the underlying equals or exceeds the initial level. If not called, principal is repaid at maturity only if the final level is at or above the downside threshold; otherwise principal declines in line with 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, settlement June 26, 2026, final valuation date June 22, 2028, maturity June 26, 2028. The estimated initial value was $9.53 per Note and minimum purchase is 100 Notes (representing $1,000).

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of the named underlying, with final terms set on the trade date and settlement expected on June 26, 2026. The Notes pay periodic contingent coupons only if the underlying meets coupon barriers on observation dates and feature an automatic call if the underlying meets or exceeds the initial level on an observation date. If not called, principal repayment at maturity on June 26, 2028 is contingent: full principal is paid only if the final level is at or above the downside threshold; otherwise repayment declines proportionally with the underlying return, potentially resulting in total loss. The preliminary pricing shows a $10 principal per Note, a minimum investment of 100 Notes ($1,000), and an estimated initial value range of $9.37–$9.62. All payments are subject to UBS credit risk.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Vertiv Holdings Co due on or about June 26, 2028. The Notes pay a contingent coupon on each coupon payment date only if the underlying stock meets a coupon barrier on an observation date; otherwise no coupon is paid.

The Notes can be automatically called quarterly beginning about six months after issuance if the underlying stock equals or exceeds the initial level on an observation date, in which case UBS will pay principal plus any contingent coupon then due. If not called, principal repayment at maturity is contingent: if the final level is at or above the disclosed downside threshold, UBS pays the principal amount; if below, repayment is reduced proportionally to the underlying return and you could lose a significant portion or all of your investment. All payments depend on UBS's creditworthiness. Trade date is June 24, 2026 with expected settlement June 26, 2026.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Netflix, Inc. The preliminary pricing supplement dated June 24, 2026 sets the trade date as June 24, 2026, expected settlement on June 26, 2026, final valuation date on June 22, 2028 and maturity on June 26, 2028.

The Notes pay periodic contingent coupons only if the underlying closing level on an observation date meets or exceeds a coupon barrier; they autocall early if the underlying meets or exceeds the initial level on an observation date. If not called, principal repayment at maturity is contingent: full principal is paid only if the final level is at or above the downside threshold; otherwise repayment declines proportionally, potentially causing large losses. The Notes are unsecured obligations of UBS and repayment is subject to UBS's creditworthiness.

UBS AG is offering Capped Buffer GEARS linked to Advanced Micro Devices, Inc. stock that mature on July 2, 2027. Each Security has a $10 principal amount and provides enhanced upside participation (Upside Gearing 2.00) subject to a 60.34% maximum gain. If the final level is at or above the downside threshold, principal is returned; if the final level is below the downside threshold you suffer losses beyond a 15.00% buffer and could lose almost all principal. Payments and any contingent principal repayment are subject to UBS credit risk. Trade date is June 24, 2026, settlement June 26, 2026, final valuation date June 30, 2027.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Akamai Technologies, Inc. The Notes pay periodic contingent coupons only if the underlying meets a coupon barrier on observation dates and may be automatically called early if the underlying equals or exceeds the initial level on an observation date.

If not called, principal repayment at maturity is contingent: if the final level is at or above the disclosed downside threshold, UBS will repay the $10 principal per Note; if the final level is below that threshold, repayment will be reduced pro rata to the underlying return and you may lose a significant portion or all of your investment. All payments are subject to UBS credit risk. Trade date, settlement, final valuation and maturity dates and other final terms will be set on the trade date.

UBS AG offers preliminary terms for Trigger Autocallable Contingent Yield Notes linked to Broadcom Inc. common stock due on or about June 26, 2029. The Notes pay a contingent coupon on scheduled coupon dates only if the underlying closing level meets the coupon barrier and may be automatically called early if the underlying equals or exceeds the initial level on an observation date. If not called, principal repayment at maturity is contingent: if the final level is at or above the downside threshold you receive the principal amount; if the final level is below the downside threshold you receive an amount equal to $10 × (1 + Underlying Return), which can result in substantial loss or total loss of principal. Trade date is June 24, 2026 with expected settlement June 26, 2026. The Notes are unsecured obligations of UBS and payments depend on UBS creditworthiness. The preliminary estimated initial value range is $9.35 to $9.60 per $10 Note.

UBS AG offers Capped Buffer GEARS linked to the common stock of Advanced Micro Devices, Inc. The preliminary pricing supplement dated June 24, 2026 describes unsubordinated, unsecured debt securities due on or about July 2, 2027 that provide enhanced upside exposure up to a maximum gain and a buffered downside. The securities pay no interest, have a contingent repayment of principal only at maturity, and are subject to UBS credit risk. Minimum purchase is $1,000 (100 securities at $10 each); estimated initial value per security is between $9.38 and $9.63. Final terms will be set on the trade date.

UBS AG offers $235,000 Trigger Autocallable Contingent Yield Notes linked to CrowdStrike Holdings common stock due 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 observation date. If not called, principal repayment at maturity is contingent: full principal is returned only if the final level is at or above the downside threshold; if the final level is below that threshold, repayment will be reduced pro rata to the underlying return and you could lose a significant portion or all of your investment. All payments are subject to the creditworthiness of UBS.

UBS AG offers $500,000 in Airbag Autocallable Yield Notes linked to Lumentum Holdings Inc. shares due June 28, 2027. The Notes pay a coupon on each coupon payment date unless the Notes are automatically called early when the underlying stock closes at or above the initial level on an observation date. If not called and the final level is at or above the conversion level, UBS will repay principal; if below, UBS will deliver a calculated number of underlying shares (the share delivery amount), which could be worth less than principal, producing partial or total loss of invested capital. The Notes are unsecured obligations of UBS and subject to UBS credit risk. Trade and settlement dates are June 24, 2026 and June 26, 2026, respectively; final valuation date is June 24, 2027.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of CrowdStrike Holdings, Inc. The Notes pay contingent coupons only if the underlying meets coupon barriers on observation dates and may be automatically called early if the underlying reaches the initial level.

The Notes have a principal amount of $10 per Note, a trade date of June 24, 2026, expected settlement on June 26, 2026, a final valuation date of June 22, 2028 and an expected maturity of June 26, 2028. If not called and the final level is below the downside threshold, principal repayment is contingent and investors can suffer significant or total loss; all payments are subject to UBS credit risk.

UBS AG is offering Airbag Autocallable Yield Notes linked to the common stock of Lumentum Holdings Inc. The trade date is June 24, 2026, expected settlement June 26, 2026, final valuation June 24, 2027 and maturity June 28, 2027. Each Note has a principal amount of $1,000 in the examples and an illustrative quarterly coupon of $64.70 (approximately 25.88 per annum).

The Notes pay coupons unless they are automatically called on an observation date where the underlying's closing level is at or above the initial level. If not called, principal repayment at maturity is contingent: if the final level is below the conversion level UBS will deliver a share delivery amount (shares of Lumentum) whose value could be less than principal, producing a loss. The estimated initial value range is $945 to $970. All payments are subject to UBS credit risk.

UBS AG priced a preliminary offering for Trigger Callable Contingent Yield Notes linked to the least performing of the Russell 2000® Index and the Nasdaq-100® Technology Sector, due on or about June 7, 2028. The notes pay a contingent coupon only when each underlying meets its coupon barrier on observation dates and are callable monthly by UBS beginning after ~3 months.

The offering lists a contingent coupon rate of 14.50% per annum, an issue price of $1,000.00 per Note, an estimated initial value range of $958.40–$988.40, minimum proceeds to UBS of $992.75 per Note, and downside thresholds and coupon barriers at 70.00% of initial levels. The notes are unsecured senior debt of UBS and principal repayment at maturity depends on the least performing underlying asset and UBS creditworthiness.

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. Each Note has a principal amount of $1,000, an expected term of approximately 20 months, monthly observation dates and an issuer call feature (callable beginning after three months). The Notes pay a fixed contingent coupon on a coupon payment date only if the closing level of each underlying asset equals or exceeds its coupon barrier on the applicable observation date. If UBS does not call the Notes and the final level of any underlying asset is below its downside threshold (70.00% of its initial level as shown on the cover), the maturity payout is reduced pro rata to the negative return of the least performing underlying asset, which could result in a substantial loss or total loss of principal. The estimated initial value per Note is expected to be between $962.50 and $992.50, with an intended public issue price of $1,000 and underwriting compensation of $2.50 per Note.

UBS AG is offering Bearish Barrier Early Redeemable Market Linked Notes linked to the S&P 500® Index, maturing on October 21, 2027, with a principal amount of $1,000 per Note. The Notes pay no interest 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 redeemed early and the final level is at or above the initial level, the holder receives the principal plus a capped digital return of 5.00%. If not redeemed early and the final level is below the initial level, the holder receives principal plus the absolute value of the underlying return, capped at 20.00%. The estimated initial value range on the trade date is $959.20 to $989.20 per Note; issue price is $1,000 with an underwriting discount of $2.50 per Note. Payments are subject to UBS credit risk.

UBS AG offers $3,185,000 of Trigger Callable Contingent Yield Notes linked to the least performing of the Dow Jones Industrial Average®, the S&P 500® Index and the Nasdaq-100® Technology Sector. The Notes pay a 12.80% per annum contingent coupon only if each underlying meets its coupon barrier on an observation date, are callable monthly by UBS beginning ~3 months after issuance, and repay principal at maturity only if each underlying is at or above a 70.00% downside threshold; otherwise repayment at maturity will decline pro rata to the percentage return of the least performing underlying asset, potentially resulting in total loss of principal. The estimated initial value was $985.20 per 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, and the product supplement and prospectus terms.

UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the Dow Jones Industrial Average®, the Nasdaq-100® Technology Sector and the Russell 2000® Index. The Notes have a $1,000 principal amount per Note, an expected term of approximately three years, a contingent coupon rate of 10.20% per annum (paid only if each underlying asset meets its coupon barrier on an observation date), and an issuer call feature (UBS may call the Notes in whole on monthly observation dates beginning after three months). At maturity you receive principal only if each underlying asset is at or above its downside threshold (60.00% of initial level); otherwise repayment is reduced pro rata by the negative return of the least performing underlying asset. The issue price is $1,000 per Note, the estimated initial value range is $935.70–$965.70, and the underwriting discount is $30 per Note. Payments are subject to UBS credit risk.

UBS AG offers $339,000 of Trigger Callable Contingent Yield Notes linked to the least performing of the Nasdaq-100® Technology Sector and the Russell 2000® Index, maturing on December 28, 2027. The Notes pay a contingent coupon of 12.05% per annum only if each underlying asset meets its coupon barrier on an observation date; otherwise no coupon is paid. UBS may call the Notes monthly beginning after approximately three months; if called you receive principal plus any contingent coupon due on the call settlement date. At maturity you receive principal only if the final level of each underlying asset is equal to or greater than its downside threshold (each downside threshold is 70.00% of the initial level); if the final level of any underlying asset is below its downside threshold, repayment is reduced in proportion to the percentage decline of the least performing underlying asset, and you could lose a significant portion or all of your investment. The estimated initial value was $983.40 per $1,000 Note and the issue price is $1,000 per Note.

UBS AG offers Trigger Callable Contingent Yield Notes linked to the least performing of the Dow Jones Industrial Average®, the Nasdaq-100® and the S&P 500® with a principal amount of $1,000 per Note. The Notes pay a periodic contingent coupon of 12.40% per annum only if each index meets its coupon barrier on an observation date. UBS may call the Notes in whole on monthly observation dates beginning after three months; if not called, repayment at maturity depends on whether each index is at or above its downside threshold (70% of initial level). If the least performing index is below its downside threshold at maturity, repayment is reduced pro rata to that index’s decline and you may lose a significant portion or all of your investment. Payments are subject to UBS credit risk. Trade date and settlement are expected to be July 2, 2026 and July 8, 2026, final valuation March 2, 2029 and maturity March 7, 2029. The issuer’s estimated initial value per Note is between $960.30 and $990.30, and the issue price is $1,000.00.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the least performing of the Dow Jones Industrial Average, the Russell 2000 and the S&P 500, due on or about July 22, 2031. Each Note has a principal amount of $1,000 and a contingent coupon rate of 8.50% per annum. The Notes pay contingent quarterly coupons only if, on an observation date, the closing level of each underlying asset is at or above its coupon barrier, are callable beginning after 12 months if each underlying asset equals or exceeds its call threshold (100% of initial level), and repay principal at maturity only if each underlying asset is at or above its downside threshold (55% of initial level); otherwise payment at maturity may be reduced pro rata to the loss of the least performing underlying asset. The trade date is expected to be July 17, 2026, settlement July 22, 2026. Payments are subject to UBS credit risk and the Notes will not be listed on an exchange.

UBS AG is offering Trigger Autocallable Contingent Yield Notes with Memory Interest linked to the least performing of the Russell 2000® Index and the S&P 500® Index. The Notes have a $1,000 principal amount, semiannual observation dates, an expected trade date of July 17, 2026, expected settlement on July 22, 2026, a final valuation date of July 17, 2029 and expected maturity of July 20, 2029. If both underlyings meet coupon barriers on an observation date the Notes pay a contingent coupon (stated rate 9.50% per annum, contingent coupon of $47.50 per semiannual period); the Notes are automatically called if both underlyings meet their call thresholds on an observation date. If not called, principal repayment at maturity is contingent: if any underlying is below its downside threshold, repayment will be reduced proportionally to the negative return of the least performing underlying, potentially resulting in substantial or total loss. Payments are subject to UBS credit risk. The estimated initial value range is $960.40–$990.40 as of the trade date model estimate.

UBS AG is offering Trigger Autocallable Contingent Yield Notes with Memory Interest linked to the least performing of the Russell 2000® Index and the S&P 500® Index, with a contingent coupon rate of 8.00% per annum. The Notes have semiannual observation dates, a strike/trade date of July 17, 2026, expected settlement on July 22, 2026, a final valuation date of July 17, 2029 and a maturity date of July 20, 2029. Payments of contingent coupons and any principal repayment depend on observation-date tests against coupon barriers, call threshold levels and downside thresholds; if not called and an underlying falls below its downside threshold, holders may lose a significant portion or all principal. Issue price per Note is $1,000.00 with underwriting compensation of $15.00 per Note and proceeds to UBS of $985.00 per Note. The estimated initial value range is $945.90 to $975.90 per Note. All payments are subject to UBS credit risk and the final terms will be set on the strike date.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the least performing of the Russell 2000®, S&P 500® and Dow Jones Industrial Average®, with a maturity date of July 22, 2031. The notes pay a contingent coupon (paid only if all three underlyings meet coupon barriers on observation dates) and are callable quarterly beginning after approximately 12 months if all underlyings meet call thresholds. At maturity, if not called, principal repayment depends on whether each underlying meets its downside threshold; if any underlying is below its downside threshold, repayment is reduced in line with the loss of the least performing underlying and you could lose a significant portion or all of your investment. Issue price is stated per Note as $1,000.00; underwriting compensation is $20.00 per Note and estimated initial value is expected between $937.50 and $967.50 on the trade date. All payments are subject to UBS credit risk.

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 a periodic contingent coupon (12.60% per annum as shown) only if each index meets its coupon barrier on observation dates; otherwise no coupon is paid. UBS may call the Notes in whole (beginning after three months) on any observation date; if called, you receive principal plus any contingent coupon otherwise due. If not called, principal is repaid at maturity only if each index is at or above its downside threshold (70.00% of initial level); otherwise payment at maturity declines in line with the percentage loss of the least performing index, possibly resulting in a total loss. Trade date is July 2, 2026, settlement July 8, 2026, final valuation date November 2, 2028 and maturity November 7, 2028. Estimated initial value range is $960.80–$990.80 and issue price is $1,000.00 per Note. The Notes are unsecured obligations of UBS and any payment is subject to UBS credit risk.

UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the Dow Jones Industrial Average®, the Nasdaq-100 Index® and the S&P 500® due on or about January 6, 2028. The Notes pay a fixed 12.75% per annum contingent coupon only if each index meets its coupon barrier on an observation date, are callable by UBS beginning after three months, have a principal amount of $1,000 per Note and expose holders to full downside market loss equal to the negative return of the least performing underlying asset if any final level is below a 70.00% downside threshold. The issue price will exceed the Notes’ estimated initial value (expected between $961.40 and $991.40), and payments depend on UBS’s creditworthiness. The Notes will not be listed and may have little or no secondary market.

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 a fixed contingent coupon only if every underlying index is at or above its coupon barrier on an observation date; otherwise no coupon is paid. UBS may call the Notes in whole on monthly observation dates beginning after three months. At maturity, if no call occurs and every index is at or above its downside threshold, holders receive $1,000 per Note; if any index is below its downside threshold, the repayment equals $1,000 multiplied by (1 + the return of the least performing underlying asset), potentially resulting in a substantial loss or total loss of principal. Trade date is June 30, 2026, settlement July 6, 2026, and expected maturity September 2, 2027. The Notes are unsecured obligations of UBS and payments depend on UBS’ creditworthiness.

UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the Dow Jones Industrial Average, Nasdaq-100 and S&P 500. Each Note has a $1,000 principal amount, an approximately 8-month term, monthly observation dates, and possible issuer calls beginning after three months.

The Notes pay periodic contingent coupons only if the closing level of each underlying asset meets its coupon barrier on an observation date; otherwise no coupon is paid. At maturity, if any underlying asset is below its downside threshold, repayment may be less than principal and could result in total loss. Payments depend on UBS creditworthiness.

UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the Dow Jones Industrial Average®, the Nasdaq‑100 Index® and the S&P 500® Index. The Notes pay periodic contingent coupons only if each underlying index closes at or above its coupon barrier on observation dates. UBS may call the Notes in whole on monthly observation dates beginning after three months. If not called, principal is repaid at maturity only if each final index level is at or above its downside threshold; otherwise repayment is reduced pro rata by the negative return of the least performing underlying asset. All payments are subject to UBS credit risk.

The trade date is July 2, 2026, expected settlement is July 8, 2026, final valuation date is July 3, 2028, and maturity is July 7, 2028. Investors should review the detailed "Key Risks" and tax discussion before investing.

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 with an expected term of approximately 13 months. The notes pay a contingent coupon (12.30% per annum) on each coupon payment date only if every underlying index closes at or above its coupon barrier on the related observation date. UBS may call the notes in whole on any observation date beginning after three months; if called you receive principal plus any contingent coupon then due. If not called, principal repayment at maturity is contingent: if every index’s final level is at or above its downside threshold (70% of initial level) you receive $1,000; if any index is below its downside threshold you receive $1,000 multiplied by (1 + underlying return of the least performing underlying asset), which may result in a substantial loss, up to a total loss. Key dates shown include trade date June 29, 2026, settlement July 2, 2026, final valuation July 29, 2027 and maturity August 3, 2027. The issue price includes an underwriting discount of $2.50 per Note, estimated initial value is stated between $961.40 and $991.40, and all payments are subject to UBS credit risk.

UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the EURO STOXX 50®, Russell 2000® and Nasdaq-100®. The Notes have a contingent coupon of 13.30% per annum, an issue price of $1,000.00 per Note and an expected term of approximately five years, with maturity on or about July 3, 2031. UBS may call the Notes at its discretion on specified observation dates; contingent coupons are paid only if each underlying's closing level meets its coupon barrier. If UBS does not call the Notes and the final level of any underlying is below its downside threshold (60.00% of initial level), principal is reduced pro rata to the negative return of the least performing underlying asset. The estimated initial value range is $961.40 to $991.40. Payments are subject to UBS credit risk and the Notes will not be listed; secondary market liquidity may be limited.

UBS AG offers Trigger Callable Contingent Yield Notes linked to the least performing of the Dow Jones Industrial Average®, the Nasdaq-100 Index® and the Russell 2000® Index, due on or about July 6, 2029. The Notes pay a 12.25% per annum contingent coupon only when each underlying asset meets its coupon barrier on observation dates, are callable monthly by UBS beginning after six months, and repay principal at maturity only if each final level is at or above a 70.00% downside threshold of its initial level.

The issue price is $1,000.00 per Note, with an estimated initial value range of $959.40 to $989.40. Payments, including principal, depend on UBS's creditworthiness and the performance of the least performing underlying asset; holders 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 XLE ETF, the Russell 2000® Index and the Nasdaq-100® Technology Sector. The Notes pay a contingent coupon of 16.90% per annum when each underlying asset meets its coupon barriers on observation dates, are callable by UBS monthly beginning after six months, and repay principal at maturity only if the final levels of all underlying assets are at or above their downside thresholds (each downside threshold is 60.00% of its initial level). The issue price is $1,000.00 per Note, with an underwriting discount of $5.00 per Note and proceeds to UBS of $995.00 per Note. UBS estimates the initial value between $958.80 and $988.80. The Notes are unsecured obligations of UBS and subject to UBS credit risk; investors may lose a significant portion or all of their principal if conditions for full repayment are not met. The final economic terms will be set on the strike date and disclosed in the final pricing supplement.

UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the Russell 2000® Index, the S&P 500® Index and shares of the State Street® Energy Select Sector SPDR® ETF. The Notes have a principal amount of $1,000 per Note, an approximate five-year term (trade date June 26, 2026, settlement July 1, 2026, final valuation June 26, 2031, maturity July 1, 2031), an issuer call feature (UBS may call beginning after three months on monthly observation dates) and a contingent coupon payable only if each underlying asset is at or above a coupon barrier on an observation date.

The Notes pay a stated contingent coupon rate of 11.65% per annum (contingent coupon shown as $9.7083 in the preliminary terms) when conditions are met. Repayment of principal at maturity is contingent on the final levels of the underlying assets relative to 50% downside thresholds; if any underlying asset is below its downside threshold, principal will be reduced in proportion to the least performing underlying asset and full loss of principal is possible. The issue price includes an underwriting discount of $4.00 per Note; UBS states an estimated initial value range of $958.50 to $988.50 per Note on the trade date.

UBS AG offers Trigger Callable Contingent Yield Notes linked to the least performing of the Dow Jones Industrial Average®, the Nasdaq-100 Index® and the S&P 500®. The Notes have a principal amount of $1,000 per Note, monthly observation dates, are callable by UBS beginning after three months, and mature on May 4, 2027. The Notes pay contingent coupons only if each underlying asset meets its coupon barrier on an observation date; otherwise no coupon is paid. If not called and any underlying final level is below its 70.00% downside threshold, repayment at maturity will equal $1,000 × (1 + underlying return of the least performing underlying asset), which can result in substantial loss or a complete loss of principal. Trade and settlement dates shown are June 29, 2026 and July 2, 2026, respectively. The estimated initial value range is $961.80 to $991.80 and the issue price is $1,000.00.

UBS AG issues Trigger Callable Contingent Yield Notes linked to the least performing of the Dow Jones Industrial Average®, Nasdaq-100 Index® and S&P 500® Index due on or about October 5, 2027. The Notes have a principal amount of $1,000 per Note and a term of approximately 15 months. They pay a contingent coupon of 12.70% per annum on a coupon payment date only if the closing level of each underlying asset meets or exceeds its coupon barrier on the related observation date. Observation dates are monthly and UBS may call the Notes in whole (but not in part) on any observation date beginning after three months. At maturity the principal is repaid only if each underlying asset’s final level is at or above its downside threshold of 70.00% of its initial level; otherwise repayment equals $1,000 times (1 + the negative return of the least performing underlying asset), which can result in substantial loss, including total loss of principal. The expected trade and settlement dates are June 30, 2026 and July 6, 2026, and the estimated initial value range is $962.70 to $992.70 with an issue price of $1,000.00. All payments are subject to UBS credit risk and the Notes will not be listed on an exchange.

UBS AG is offering $590,000 of Trigger Callable Contingent Yield Notes linked to the least performing of the Nasdaq-100® Technology Sector, the Russell 2000® Index and the Dow Jones Industrial Average® due June 28, 2029.

The Notes pay a contingent coupon of 10.80% per annum only when each underlying asset meets its coupon barrier on an observation date. UBS may call the Notes monthly beginning after six months; if not called, principal is repaid at maturity only if every underlying asset is at or above its 50% downside threshold, otherwise holders suffer a loss tied to the least performing underlying asset. The estimated initial value per Note was $991.10 and the issue price per Note is $1,000.