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

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Eli Lilly and Company due on or about June 20, 2028. The notes pay periodic contingent coupons only if the underlying stock closes at or above a coupon barrier on observation dates and are subject to automatic early call if the stock closes at or above the initial level on any observation date. The offering sets a minimum investment of 100 Notes at $10 per Note. Trade and settlement are expected on June 15, 2026 and June 17, 2026, respectively, with a final valuation date of June 15, 2028. UBS discloses an estimated initial value range of $9.42 to $9.67 per Note and provides hypothetical terms showing a sample contingent coupon of 11.90% per annum and a downside threshold equal to 70.00% of the initial level. If the notes are not called and the final level is below the downside threshold, principal repayment at maturity may be reduced proportionally and investors could lose a substantial portion or all of their investment. All payments depend on UBS’s creditworthiness.

UBS AG offers Trigger Autocallable Contingent Yield Notes linked to the common stock of Adobe Inc. The preliminary pricing supplement dated June 15, 2026 sets illustrative terms: trade date June 15, 2026, settlement June 17, 2026, final valuation June 15, 2028, maturity June 20, 2028. Minimum investment is 100 Notes at $10 per Note. The Notes pay periodic contingent coupons only if the underlying meets coupon barriers on observation dates and may be automatically called quarterly starting after 12 months if the underlying is at or above the initial level. If not called, principal repayment at maturity is contingent on the final underlying level versus the downside threshold; a final decline below that threshold can produce a loss equal to the underlying return, potentially resulting in loss of all principal. Any payments are subject to UBS credit risk. The 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 ULTA Beauty, Inc. The Notes pay periodic contingent coupons only if the underlying closes at or above a coupon barrier on observation dates and may be automatically called if the underlying closes at or above the initial level on an observation date.

If the Notes are not called, repayment at maturity depends on the final level relative to a downside threshold: if the final level is below the downside threshold, the cash payment per Note will be less than the principal and may reflect the full percentage decline in the underlying (potentially a total loss). Payments are subject to UBS credit risk. Trade date is June 15, 2026, settlement June 17, 2026, final valuation date June 15, 2028 and maturity June 20, 2028.

UBS AG offers Trigger Autocallable Contingent Yield Notes linked to ServiceNow, Inc. common stock due June 18, 2029. The Notes pay periodic contingent coupons only if the underlying stock closes at or above a coupon barrier on observation dates and include an automatic call 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 a disclosed 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 UBS credit risk. Trade and settlement dates, estimated initial value of $9.62, minimum investment of 100 Notes at $10 per Note, and key dates are shown in this document.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of General Electric Company with an expected Trade Date of June 15, 2026, Settlement June 17, 2026 and Maturity on June 20, 2028. The Notes pay periodic contingent coupons only when the underlying closing level meets or exceeds a coupon barrier on observation dates and feature an automatic call 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: if the final level is below the downside threshold, repayment declines proportionally to the underlying return and could result in total loss of principal. Example terms show a $10 principal, a hypothetical contingent coupon rate of 10.80% per annum (contingent coupon $0.27), an estimated initial value range of $9.43–$9.68, a downside threshold of $70.00 (70.00% of the initial level), and illustrative outcomes including a $4.20 maturity payment in a negative scenario.

Key risks: potential loss of principal, dependence on UBS creditworthiness, lack of exchange listing, limited liquidity, and contingent coupons that may never be paid. The final terms will be set on the trade date and these are preliminary pricing supplement terms.

UBS AG is offering Trigger Yield Notes linked to the common stock of Vertiv Holdings Co, with a trade date of June 15, 2026, expected settlement on June 17, 2026, a final valuation date of December 15, 2026, and maturity on December 17, 2026. The Notes pay a fixed coupon (examples show 22.37% per annum and a monthly coupon of $0.1864 per $10 Note). Principal repayment at maturity is contingent: if the final level of the underlying asset is equal to or above a disclosed downside threshold, UBS will repay the $10 principal per Note; if the final level is below that threshold, repayment is reduced pro rata by the underlying return, potentially causing significant or total loss of principal. The preliminary pricing supplement shows an estimated initial value between $9.40 and $9.65 and a minimum investment of 100 Notes ($1,000). All payments are subject to UBS credit risk; the Notes are unsecured, not FDIC insured, and will not be listed on an exchange.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Applied Materials, Inc. stock due June 20, 2028. The Notes pay contingent periodic coupons only if the underlying closing level meets 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 a downside threshold; if the final level is below that threshold the cash payment at maturity may be less than principal and can reflect the percentage decline in the underlying (in extreme cases a total loss). All payments are subject to UBS credit risk. Trade date is June 15, 2026, settlement June 17, 2026, final valuation date June 15, 2028, and maturity June 20, 2028. The Notes are offered in $10 increments, with an estimated initial value of $9.78 per Note on the trade date.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Microsoft Corporation common stock due June 20, 2028. The Notes pay periodic contingent coupons only if the underlying closing level meets the coupon barrier on observation dates; they are automatically called if the underlying closes at or above the initial level on any quarterly observation (beginning after six months). If not called, principal repayment at maturity is contingent: full principal is returned only if the final level is at or above the downside threshold; if below, repayment is reduced proportionally to the underlying return, which can result in a total loss. The Notes are unsecured obligations subject to UBS credit risk, have a minimum investment of 100 Notes at $10 per Note, an estimated initial value of $9.79 as of the trade date, and are not exchange-listed.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Accenture plc common stock due June 18, 2029. The Notes pay periodic contingent coupons only when the underlying closing level on observation dates meets or exceeds a coupon barrier and are autocallable if the underlying equals or exceeds the initial level on an observation date. If not called, principal is repaid at maturity only if the final level is at or above the downside threshold; otherwise, principal repaid equals $10 x (1 + underlying return), which can produce substantial losses up to the full principal amount. Trade date is June 15, 2026 with settlement June 17, 2026. The document states an estimated initial value of $9.59 per Note and warns that all payments depend on UBS's creditworthiness.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Accenture plc that mature on June 20, 2028. The notes pay periodic contingent coupons 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 closing level on any prior observation date is equal to or greater than the initial level. If the notes are not called, principal repayment at maturity is contingent: if the final level is at or above the downside threshold the principal is repaid; if it is below the downside threshold repayment declines in direct proportion to the underlying return, potentially to zero. The offering has a minimum investment of 100 notes ($1,000) and an estimated initial value of $9.72 per $10 note as of the trade date. All payments, including any repayment of principal, are subject to the creditworthiness of UBS.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Microsoft Corporation due on or about June 20, 2028. The Notes pay periodic contingent coupons only if the underlying closes at or above a coupon barrier on observation dates. The Notes can be automatically called quarterly beginning ~6 months after issue if the underlying closes at or above the initial level; an automatic call pays principal plus any contingent coupon and ends the investment. 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 falls in direct proportion to the underlying return and investors can lose a significant portion or all of principal. Payments are subject to UBS credit risk. Trade date is June 15, 2026 and estimated initial value is between $9.41 and $9.66 per $10 Note.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of ServiceNow, Inc. with an expected term to maturity of approximately three years and a principal amount of $10 per Note. The notes pay periodic contingent coupons only if the underlying's closing level on an observation date equals or exceeds a coupon barrier; they are automatically called early if the underlying equals 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 a stated downside threshold; if the final level is below that threshold, investors suffer a loss linked to the percentage decline in the underlying and could lose their entire investment. Estimated initial value is stated as $9.30 to $9.55 per Note; all payments are subject to UBS's creditworthiness.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Applied Materials, Inc., due on or about June 20, 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 include an automatic call if the underlying closes at or above the initial level on any observation date before the final valuation date, in which case holders receive principal plus any contingent coupon on the call settlement date and the notes terminate. If not called and the final level is below the downside threshold, principal repayment at maturity is reduced pro rata to the underlying return, potentially resulting in a complete loss. Trade date is June 15, 2026 with settlement on June 17, 2026 and final valuation on June 15, 2028. Minimum investment is 100 Notes at $10 per Note. Estimated initial value is between $9.43 and $9.68 per Note, and all payments are subject to UBS credit risk.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Accenture plc, due on or about June 20, 2028. The notes pay a contingent coupon only when the underlying closing level on an observation date is at or above a coupon barrier; otherwise no coupon is paid. The notes will be automatically called early if the underlying closes at or above the initial level on any observation date prior to the final valuation date, in which case investors receive the principal plus any contingent coupon payable on that call date. If the notes are not called, principal repayment at maturity is contingent: if the final level is at or above the downside threshold (stated as $70.00, or 70.00% of the initial level in the examples), UBS will repay the $10 principal per note; if below that threshold, repayment equals $10 times (1 + underlying return), which can result in substantial loss, including loss of the full principal. Trade date is June 15, 2026 with expected settlement on June 17, 2026. The preliminary estimated initial value range is $9.38 to $9.63 per note as of the trade date. All payments remain subject to the credit risk of UBS.

UBS AG offers preliminary terms for Trigger Autocallable Contingent Yield Notes linked to the common stock of Accenture plc, with a trade date of June 15, 2026, expected settlement on June 17, 2026, a final valuation date of June 14, 2029 and maturity on June 18, 2029. Each Note has a principal amount of $10 and pays contingent coupons only when the underlying closing level meets or exceeds a coupon barrier on observation dates; an automatic call will occur if the underlying closes at or above the initial level on an observation date. If not called, repayment at maturity is contingent: full principal if the final level is at or above the downside threshold, otherwise repayment declines in line with the underlying return and could result in the loss of the entire investment. Estimated initial value on the trade date is shown as $9.29–$9.54 per Note. All payments are subject to UBS credit risk; these Notes are not FDIC insured and are not listed on any exchange.

UBS AG is offering $477,000 in Trigger Autocallable Contingent Yield Notes linked to Amazon.com, Inc. common stock due June 18, 2029. The Notes pay periodic contingent coupons only if the underlying closing level meets a coupon barrier on observation dates and are automatically called early if the underlying closes at or above the initial level on an observation date. At maturity, if not called, principal repayment is contingent: full principal is paid only if the final level is at or above the downside threshold; otherwise repayment is reduced pro rata to the underlying return and you could lose all of your investment. Payments are subject to UBS credit risk. The Notes have a $10 principal amount per Note, an estimated initial value of $9.74, and minimum purchase of 100 Notes.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Lam Research Corporation stock due June 20, 2028. The Notes pay contingent coupons only if the underlying meets a coupon barrier on observation dates and include an automatic call if the stock closes at or above the initial level on any prior observation date. If not called, principal repayment at maturity is contingent: full principal is returned only if the final level is at or above the downside threshold; otherwise repayment declines pro rata with the underlying, potentially resulting in a total loss. The Notes have a $10 principal per Note, an estimated initial value of $9.78 as of the trade date, and are subject to UBS credit risk. Trade and settlement dates are June 15, 2026 and June 17, 2026; final valuation and maturity dates are June 15, 2028 and June 20, 2028.

UBS AG is offering Capped Buffer GEARS linked to the common stock of Advanced Micro Devices, Inc. These unsecured debt securities provide enhanced upside participation (subject to an Upside Gearing and a Maximum Gain) and a buffered downside that protects losses only up to the stated buffer.

The trade date is June 15, 2026, settlement June 17, 2026, final valuation date June 15, 2028 and maturity June 20, 2028. Payment at maturity depends on the underlying return, the final level relative to the downside threshold, and UBS creditworthiness. The estimated initial value on the trade date is $9.65. These Securities do not pay interest, limit upside to the Maximum Gain, and expose investors to the risk of losing some or almost all principal.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Amazon.com, Inc. The preliminary pricing supplement dated June 15, 2026 sets a trade date of June 15, 2026, expected settlement on June 17, 2026, a final valuation date of June 14, 2029 and maturity on June 18, 2029. Each Note has a principal amount of $10 and a minimum investment of 100 Notes ($1,000). The Notes pay contingent coupons only when the underlying closing level meets or exceeds a coupon barrier; they may autocall early if the underlying equals or exceeds the initial level on an observation date. At maturity, if not called and the final level is below the downside threshold, repayment is reduced pro rata to the underlying return and you may lose a significant portion or all of your investment. Any payments depend on UBS’s creditworthiness. The estimated initial value range is $9.37 to $9.62 per Note.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Palantir Technologies Inc. common stock due December 17, 2027. The Notes pay a contingent coupon only when the closing level of the underlying asset on an observation date meets or exceeds the coupon barrier; otherwise no coupon is paid. The Notes are automatically called early if the underlying closing level on any quarterly observation date (beginning ~6 months after trade) is equal to or greater than the initial level; on an automatic call UBS pays principal plus any contingent coupon due on the related coupon payment date. If not called, principal is repaid at maturity only if the final level is at or above the downside threshold; if the final level is below that threshold the repayment declines in proportion to the underlying return and you could lose a large portion or all of your investment. The Notes are unsecured obligations of UBS and any payment is subject to UBS creditworthiness. Trade and settlement dates and the estimated initial value are provided in the pricing supplement.

UBS AG priced Trigger Autocallable Contingent Yield Notes linked to Newmont Corporation common stock due June 20, 2028. The Notes pay contingent coupons only if the underlying meets a coupon barrier on observation dates and may be automatically called early if the underlying meets or exceeds the initial level on an observation date. If not called, repayment of principal at maturity is contingent: if the final level is below the downside threshold you can lose a percentage of principal equal to the underlying return, potentially all of your investment. Payments depend on UBS's creditworthiness.

UBS AG is offering $• Trigger Autocallable Contingent Yield Notes linked to Lam Research Corporation stock due on or about June 20, 2028. The Notes pay a contingent coupon only when the underlying closing level on an observation date meets or exceeds a coupon barrier and are automatically called if the underlying closes at or above the initial level on any observation date prior to the final valuation date. If not called, principal is repaid at maturity only if the final level is at or above the downside threshold; otherwise, repayment is reduced in proportion to the underlying return and investors could lose a significant portion or all of their investment. Trade date is June 15, 2026 with settlement on June 17, 2026. The Notes have a principal amount of $10 per Note and a minimum purchase of 100 Notes ($1,000). The document shows an illustrative contingent coupon rate of 26.18% per annum (contingent coupon $0.6545 per $10 Note) and an estimated initial value range of $9.43 to $9.68.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Marvell Technology, Inc. stock due June 18, 2029. The notes pay periodic contingent coupons only if the underlying's closing level on an observation date meets or exceeds the coupon barrier; otherwise no coupon is paid. The notes are automatically called early if the underlying closes at or above the initial level on any monthly observation date beginning after six months; an automatic call pays principal plus any contingent coupon due on the related call settlement date.

If not called, repayment at maturity depends on the final level relative to the downside threshold: if the final level is at or above the downside threshold, you receive $10. If the final level is below the downside threshold, repayment equals $10 x (1 + underlying return), exposing investors to the full downside of the underlying (in extreme cases, a total loss). Payments are subject to UBS credit risk. Trade date is June 15, 2026, settlement June 17, 2026, final valuation date June 14, 2029, maturity June 18, 2029. The estimated initial value was $9.57 and minimum investment is 100 Notes ($1,000).

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to United Parcel Service, Inc. The Notes mature on June 20, 2028 and feature periodic contingent coupons payable only if the underlying stock meets the coupon barrier on observation dates. The Notes may be automatically called early if the underlying equals or exceeds the initial level on any observation date; on an automatic call UBS pays principal plus any contingent coupon then due. If not called, principal repayment at maturity is contingent: full principal is returned only if the final level is at or above the downside threshold; otherwise repayment declines pro rata with the underlying return and you could lose all of your investment. Payments depend on UBS creditworthiness. Trade and settlement dates are June 15, 2026 and June 17, 2026, respectively. The estimated initial value as of the trade date is $9.74 per $10 Note. The offering minimum is 100 Notes ($1,000).

UBS AG is offering Capped Buffer GEARS linked to the common stock of Advanced Micro Devices, Inc. The preliminary pricing supplement dated June 15, 2026 sets a trade date of June 15, 2026, expected settlement on June 17, 2026, a final valuation date of June 15, 2028 and a maturity date of June 20, 2028.

The Securities are unsecured debt obligations of UBS that pay at maturity based on the underlying return of AMD stock. A positive underlying return gives enhanced exposure via an upside gearing (example: 2.00) capped at a maximum gain (example: 86.38%). If the final level falls below the downside threshold, losses apply after a buffer (example shows a 30.00% buffer), and you could lose almost all principal. Estimated initial value per Security is shown as a range between $9.45 and $9.70 and minimum initial investment is 100 Securities ($1,000). All payments are subject to UBS credit risk.

UBS AG prices a preliminary offering of Trigger Autocallable Contingent Yield Notes linked to the common stock of Palantir Technologies Inc. that mature on December 17, 2027. The notes pay contingent quarterly coupons if observation-date closes meet the coupon barrier and can be automatically called quarterly beginning after six months.

The notes have a $10 principal amount per Note, expected trade and settlement on June 15, 2026 and June 17, 2026, respectively. If not called, repayment at maturity is contingent on the final level relative to a downside threshold and is subject to UBS credit risk; holders may lose a significant portion or all principal.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Agnico Eagle Mines Limited common stock due June 20, 2028. The Notes pay contingent coupons only if the underlying's closing level on an observation date meets or exceeds the coupon barrier and can be automatically called quarterly beginning after 12 months if the underlying meets or exceeds the initial level. If not called, principal repayment at maturity depends on the final level relative to a downside threshold; if the final level is below that threshold, the cash payment may be less than principal, potentially producing a loss equal to the underlying return. The Notes carry issuer credit risk of UBS and are offered in minimum denominations of 100 Notes ($1,000) with an estimated initial value of $9.80 per $10 Note.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Newmont Corporation, with final terms set on the trade date. The preliminary pricing supplement dated June 15, 2026 shows a trade date of June 15, 2026, settlement on June 17, 2026, a final valuation date of June 15, 2028 and a maturity date of June 20, 2028.

The Notes have a principal amount of $10 per Note and a minimum investment of 100 Notes ($1,000). They pay a contingent coupon only if the underlying stock closes at or above the coupon barrier on observation dates and may autocall early if the underlying closes at or above the initial level. If not called and the final level is below the downside threshold, principal repayment at maturity is contingent and may result in loss of principal, up to the entire investment. Estimated initial value is shown as $9.40–$9.65.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of United Parcel Service, Inc. The preliminary pricing supplement dated June 15, 2026 sets key dates: Trade Date June 15, 2026; Settlement Date June 17, 2026; Final Valuation Date June 15, 2028; Maturity Date June 20, 2028.

The Notes pay periodic contingent coupons only when the underlying closing level on an observation date is at or above a coupon barrier and will autocall early if the underlying is at or above the initial level on an observation date. If not called and the final level is below the downside threshold, principal repayment at maturity will be reduced in proportion to the underlying return; in an extreme decline you could lose all principal. Example illustrative terms show a principal of $10, a hypothetical contingent coupon rate of 11.18% per annum (contingent coupon $0.2795 per $10 Note per observation), a downside threshold and coupon barrier equal to 70.00% of the initial level, and an estimated initial value range of $9.40 to $9.65 per $10 Note. Minimum investment is 100 Notes ($1,000). All payments are subject to UBS's creditworthiness.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Marvell Technology, Inc. The Notes pay periodic contingent coupons only if the underlying stock meets a coupon barrier on observation dates and can be automatically called monthly beginning about six months after issuance. If not called, principal repayment at maturity depends on whether the final stock level is at or above a specified downside threshold; if the final level is below that threshold, holders suffer a loss equal to the underlying return and could lose their entire principal. Payments on the Notes are subject to UBS's creditworthiness. Trade and settlement are expected to occur on June 15, 2026 and June 17, 2026, with a final valuation date of June 14, 2029 and maturity about June 18, 2029. The Notes are offered in $10 denominations with a minimum purchase of 100 Notes and an estimated initial value range of $9.26–$9.51.

UBS AG offers a preliminary pricing supplement for Trigger Autocallable Contingent Yield Notes linked to the common stock of Agnico Eagle Mines Limited due on or about June 20, 2028. The notes have a $10 principal amount per Note and a minimum investment of 100 Notes ($1,000).

The trade date is June 15, 2026 with expected settlement June 17, 2026. The final valuation date is June 15, 2028. The preliminary terms show a hypothetical contingent coupon rate of 16.19% per annum and an estimated initial value range of $9.43 to $9.68 per Note. Key payoff mechanics include quarterly observation dates (beginning after 12 months), an automatic call if the underlying closes at or above the initial level on an observation date, and contingent repayment of principal at maturity that depends on whether the final level is at or above the downside threshold ($70.00, stated as 70.00% of the initial level).

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Microsoft common stock that mature on June 17, 2027. The Notes pay a periodic contingent coupon only if the closing level of Microsoft on an observation date is at or above the coupon barrier. The Notes are subject to an automatic call on any quarterly observation date (beginning after ~6 months) if the closing level is at or above the initial level; upon an automatic call UBS will pay principal plus any contingent coupon due on the call settlement date and the Notes terminate. If not called, principal repayment at maturity is contingent: if the final level is at or above the downside threshold you receive the $10 principal; if the final level is below the downside threshold you receive $10 x (1 + underlying return), which can result in a substantial loss or a complete loss of principal. Trade date is June 15, 2026, settlement June 17, 2026, final valuation date June 15, 2027, and maturity June 17, 2027. Minimum investment is 100 Notes at $10 per Note. The estimated initial value is $9.74. All payments remain subject to UBS creditworthiness.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Cisco Systems, Inc. common stock due June 20, 2028. The Notes pay periodic contingent coupons only if the underlying closing level on an observation date meets or exceeds the coupon barrier; they are automatically called early if the underlying on any observation date before the final valuation date equals or exceeds the initial level. If not called, repayment at maturity is contingent: full principal is paid if the final level is at or above the downside threshold; if the final level is below the downside threshold, repayment is reduced pro rata to the underlying return, and you could lose a significant portion or all of your investment. Payments depend on UBS’s creditworthiness. The Notes are offered in $10 increments with a minimum purchase of 100 Notes and an estimated initial value of $9.77 per Note.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Microsoft Corporation with a scheduled maturity on June 17, 2027. The notes pay periodic contingent coupons only if the underlying stock closes at or above a coupon barrier on observation dates and are subject to an automatic call if the stock closes at or above the initial level on any quarterly observation date beginning after six months. If not called and the final level is at or above the downside threshold, principal is repaid; if the final level is below the downside threshold, repayment at maturity is reduced pro rata and could result in a total loss equal to the underlying return. Trade date and settlement are expected on June 15, 2026 and June 17, 2026, respectively. The offering is subject to final pricing in the pricing supplement and relies on UBS creditworthiness.

UBS AG is offering Capped Buffer GEARS linked to Micron Technology, Inc. with final maturity on June 20, 2028. The securities are unsecured debt obligations whose cash payment at maturity depends on the underlying return of Micron stock between the trade date and the final valuation date. If the underlying return is positive, payment equals the principal plus the lesser of (a) the underlying return times the 2.00 upside gearing or (b) the 137.92% maximum gain. If the underlying return is zero or negative but the final level is at or above the downside threshold, repayment equals the $10 principal. If the final level is below the downside threshold, holders suffer losses after a 30.00% buffer and could lose almost all principal. Payments are subject to UBS credit risk. The estimated initial value at trade is $9.59 per $10 Security and minimum purchase is 100 Securities ($1,000).

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Constellation Energy Corporation, due June 20, 2028. The Notes pay contingent coupons only if observed closing levels meet a coupon barrier and can be automatically called early if the underlying equals or exceeds the initial level on an observation date. Each Note has a principal amount of $10, a minimum investment of 100 Notes, and an estimated initial value of $9.70 as of the trade date. If the Notes are not called and the final observed level is below the downside threshold, principal is repaid contingent on the underlying return, and investors can lose a significant portion or all of their investment. All payments are subject to the creditworthiness of UBS.

UBS AG is offering a preliminary pricing supplement for $10 principal Capped Buffer GEARS linked to Micron Technology, Inc. common stock. The securities have a trade date of June 15, 2026, settlement on June 17, 2026, a final valuation date of June 15, 2028 and a maturity date of June 20, 2028.

The notes pay at maturity based on the underlying return of Micron stock multiplied by an upside gearing (example: 2.00) capped at a maximum gain (example: 132.50%). If the final level is above the downside threshold you receive the $10 principal; if below the downside threshold you suffer losses in excess of the buffer (example: 30.00%), and could lose almost all principal. Payments depend on UBS creditworthiness. Final terms and exact figures will be set on the trade date and shown in the final pricing supplement.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Cisco Systems, Inc. stock due on or about June 20, 2028. The notes pay a contingent coupon only when the underlying stock closes at or above the coupon barrier on observation dates and will be automatically called early if the stock 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; otherwise principal is reduced pro rata to the underlying return, and you could lose your entire investment. Trade date is June 15, 2026 with settlement expected June 17, 2026. The estimated initial value range is $9.43 to $9.68 per $10 Note; any payments are subject to UBS credit risk.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Constellation Energy Corporation stock due on or about June 20, 2028. The notes pay a contingent coupon on each coupon payment date only if the underlying stock closes at or above a coupon barrier on the applicable observation date; otherwise no coupon is paid. UBS will automatically call the notes early if the underlying closes at or above the initial level on an observation date, in which case investors receive principal plus any contingent coupon on the related call settlement date. If not called, repayment at maturity depends on the final level relative to a downside threshold: if the final level is below that threshold, investors suffer a loss tied to the percentage decline in the underlying (and could lose all principal). Trade date is June 15, 2026 with expected settlement June 17, 2026. The notes carry issuer credit risk of UBS and are not FDIC insured.

UBS AG is offering Trigger Autocallable Notes linked to the least performing of the Russell 2000® Index and the S&P 500® Index. The aggregate issue size is $9,444,000 with a principal of $1,000 per Note. Trade date is June 12, 2026, settlement June 17, 2026, final valuation June 12, 2030 and maturity June 17, 2030. The Notes pay no interest; they are automatically called if on any observation date both indices close at or above their call thresholds, producing a pre-specified call price based on a 13.45% per annum call return rate. If not called, repayment at maturity is contingent: if any underlying’s final level is below its 70.00% downside threshold, repayment will be reduced pro rata to the decline of the least performing underlying asset, potentially resulting in a total loss. The estimated initial value per Note on the trade date was $968.80; the issue price is $1,000, reflecting fees and hedging costs. All payments are subject to UBS credit risk.

UBS AG is offering $4,174,000 of Buffer Autocallable GEARS linked to the Russell 2000® Index due June 14, 2029. The securities have a $10 per Security principal, a 10.00% buffer, an autocall barrier of 100.00% of the initial level and an 11.00% call return payable if automatically called on the observation date. If not called, upside participation is provided at an upside gearing of 1.555 and repayment at maturity depends on the final index level; holders face credit risk of UBS and may lose some or almost all of their investment.

UBS AG is offering $1,585,000 of Trigger Autocallable Contingent Yield Notes with Memory Interest linked to Meta Platforms, Inc. common stock due June 15, 2029. The Notes pay a contingent coupon of 12.65% per annum when the underlying meets the coupon barrier on quarterly observation dates and are callable if the stock closes at or above the call threshold on an observation date. At maturity, if not called, principal is repaid only if the final level is at or above the downside threshold; otherwise holders suffer losses proportional to Meta’s decline and could lose their entire investment. Payments are subject to UBS credit risk. The issue price per Note is $1,000 and the estimated initial value per Note on the trade date was $976.00.

UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of XLE, XLU and XLV. The Notes pay a contingent coupon of 13.70% per annum only if each underlying is at or above its coupon barrier on an observation date. The Notes are issuer-callable (beginning after 3 months) and mature on June 21, 2029. At maturity holders receive $1,000 per Note if each final level is at or above its downside threshold (75% coupon barrier; 65% downside threshold are cover percentages); otherwise repayment is reduced pro rata based on the negative return of the least performing underlying asset and you could lose a substantial portion or all of your investment. Estimated initial value range on the trade date is $957.90 to $987.90; issue price is $1,000.00 per Note with an underwriting discount of $10.00, leaving proceeds to UBS of $990.00 per Note. All payments are subject to UBS credit risk.

UBS AG offers Trigger Callable Contingent Yield Notes linked to the least performing of the Dow Jones Industrial Average, the Russell 2000 and the S&P 500 due June 17, 2030. The notes pay a contingent coupon of 9.05% per annum only when each underlying's closing level on an observation date is at or above its coupon barrier (75% of initial level). UBS may call the notes monthly beginning after six months; if not called, principal is repaid at maturity only if each final level is at or above its downside threshold (65% of initial level). If any final level is below its downside threshold, holders suffer a loss tied to the percentage decline of the least performing underlying asset, possibly losing the entire investment. The issue price per note is $1,000, the estimated initial value per note was $976.00, and the aggregate offering size is $3,113,000. All payments depend on UBS creditworthiness and the notes will not be listed on an exchange.

UBS AG offers $5,385,000 of Trigger Callable Contingent Yield Notes linked to the least performing of the Nasdaq-100® Technology Sector, the Russell 2000® Index and shares of the VanEck® Semiconductor ETF. The Notes pay a contingent coupon of 23.50% per annum on an observation date only if the closing level of each underlying asset is at or above its coupon barrier; otherwise no coupon is paid for that period. UBS may call the Notes in whole (not in part) on monthly observation dates beginning after six months; if not called, principal repayment at maturity depends on the least performing underlying asset relative to its 60.00% downside threshold, and investors can lose a significant portion or all of their principal. The issue price is $1,000 per Note and the estimated initial value per Note on the trade date was $987.40. Principal and any payments are subject to UBS credit risk.

UBS AG is offering $1,248,000 of Buffer Callable Contingent Yield Notes linked to the least performing of the Nasdaq-100 Index, the Russell 2000 Index and the S&P 500 Index. The Notes pay a contingent coupon of 12.00% per annum only when each underlying asset meets its coupon barrier on an observation date. The Notes are issuer-callable monthly beginning after ~3 months; if called UBS will pay principal plus any contingent coupon then due. At maturity, if any final level is below its downside threshold, principal repayment is reduced by the decline of the least performing underlying asset in excess of the 15% buffer. The issue price per Note is $1,000 and the estimated initial value per Note is $988.20. Payments are unsecured obligations of UBS and are subject to UBS credit risk; holders may lose some or almost all of their investment.

UBS AG offers $390,000 Capped Buffer GEARS linked to Broadcom Inc. common stock, due September 15, 2027. Each Security has a $10 principal amount, a minimum purchase of 100 Securities ($1,000), and an estimated initial value of $9.62 as of the trade date. The notes provide enhanced upside exposure with an Upside Gearing of 4.00% and a capped Maximum Gain of 40.56%. A buffered downside applies: if the final level is below the downside threshold, losses apply after the buffer (example shows a 15.00% buffer). Payments, including any contingent repayment of principal, depend on UBS’s creditworthiness. Trade date and settlement are June 11, 2026 and June 15, 2026; final valuation and maturity are September 13, 2027 and September 15, 2027, subject to postponement for market disruption events.

UBS AG is offering Capped Buffer GEARS linked to Broadcom Inc. with final terms set on the trade date. The securities mature on September 15, 2027 with a final valuation date of September 13, 2027. They provide enhanced exposure to positive underlying returns up to a 37.60% maximum gain with an 15.00% downside buffer in examples. Minimum investment is $1,000 (100 Securities at $10 each). Estimated initial value is stated as between $9.42 and $9.67. Payments and any principal repayment are contingent on UBS creditworthiness and the final level of the underlying stock.

UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the S&P 500®, the Russell 2000® and the Nasdaq-100® Technology Sector, maturing June 15, 2029. The offering size is $991,000 (1,000 notes at $1,000 each). The Notes pay a contingent coupon of 10.15% per annum only when all three underlying assets meet or exceed their coupon barriers on an observation date; otherwise no coupon is paid. UBS may call the Notes monthly beginning after about three months; if not called, principal is repaid at maturity only if each final level is at or above its downside threshold (50% of initial level). If any final level is below its downside threshold, repayment is reduced in proportion to the decline of the least performing underlying asset; in extreme cases you could lose all principal. The estimated initial value was $983.00.