Every 424B that ETRACS Alerian MLP Index ETN Series B due July 18, 2042 (AMUB) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow AMUB and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full AMUB filings page.
UBS AG is offering $400,000 of Trigger Autocallable Contingent Yield Notes linked to the shares of the iShares Semiconductor ETF, maturing July 17, 2028. These unsecured senior notes pay contingent coupons only on observation dates when the ETF’s closing level is at or above a specified coupon barrier, and they may be automatically called early if the ETF closes at or above its initial level.
If not called, investors receive full principal at maturity only when the ETF’s final level is at or above a downside threshold; otherwise repayment is reduced one-for-one with the ETF’s decline, with the possibility of a total loss of principal. Any payment depends on UBS’s creditworthiness. The notes are not listed, have a minimum investment of 100 notes at $10 each, and an estimated initial value of $9.79 per $10 note as of the trade date.
UBS AG is offering Capped Buffer GEARS, unsubordinated unsecured debt linked to the common stock of The Mosaic Company, with a scheduled maturity on July 23, 2027. The trade date is July 15, 2026 and settlement is expected on July 17, 2026.
At maturity, payment per Security depends on the “underlying return” of Mosaic’s stock between the trade date and final valuation date. Positive returns provide leveraged upside through an “upside gearing” factor but are capped at a maximum gain. Flat or moderately negative performance with a final level at or above a downside threshold returns the $10 principal.
If the final level is below the downside threshold, investors lose principal beyond a buffer amount and could lose almost all of their investment. The Securities pay no interest, are subject to UBS credit risk, are not insured by any government agency, and are not exchange-listed. Each Security has a $10 issue price, a minimum purchase of 100 Securities, and an estimated initial value expected to range from $9.32 to $9.57.
UBS AG is offering $748,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Advanced Micro Devices, Inc. These are unsubordinated, unsecured UBS debt securities that pay contingent coupons only when the AMD share price on an observation date is at or above a specified coupon barrier.
If on any observation date before maturity AMD closes at or above the initial level, the notes are automatically called and investors receive the $10 principal per note plus that period’s contingent coupon, with no further payments. If never called and on the July 13, 2028 final valuation date AMD is at or above the downside threshold, investors receive principal back at maturity on July 17, 2028; otherwise, repayment falls one-for-one with AMD’s decline, potentially to zero.
All payments, including any return of principal, depend on UBS’s creditworthiness; a UBS default could result in total loss. The notes will not be listed on an exchange, and liquidity may be limited. The minimum investment is 100 notes at $10 each ($1,000); the estimated initial value is $9.82 per note.
UBS AG is offering unsubordinated, unsecured Capped Buffer GEARS, $10-denomination market-linked notes tied to Microsoft Corporation common stock and scheduled to mature on July 23, 2027. The notes do not pay interest and will not be listed on any exchange or electronic communications network.
At maturity, investors receive $10 plus a leveraged positive return on the stock, limited by a maximum gain; if the stock is flat or down but above a downside threshold they receive only principal. If the final stock level falls below the downside threshold, losses beyond a contractual buffer reduce principal, and investors could lose almost all of their investment. Hypothetical examples use 5.00x upside gearing, a 14.10% cap and a 15.00% buffer to illustrate outcomes. Any payment depends on UBS’s credit; if UBS defaults, investors may lose all amounts due. The minimum investment is 100 Securities ($1,000), and the estimated initial value per Security on the trade date is expected to range between $9.38 and $9.63.
UBS AG plans to issue Trigger Autocallable Contingent Yield Notes linked to the iShares Semiconductor ETF, with a $10 denomination, an expected trade date of July 15, 2026, and maturity around July 17, 2028. These unsubordinated, unsecured debt obligations pay contingent coupons only when the ETF’s closing level on an observation date is at or above a coupon barrier.
The notes will be automatically called if, on any observation date before the final valuation date, the ETF’s level is at or above its initial level, returning principal plus the contingent coupon on the related call settlement date. If not called and the final level is at or above a downside threshold, principal is repaid at maturity; otherwise repayment is reduced in line with the ETF’s negative return, up to a total loss of principal.
All payments depend on UBS’s credit; a UBS default could result in loss of all amounts due. The notes will not be listed on any securities exchange or electronic network and are not insured by the FDIC or any governmental agency. The minimum investment is 100 Notes ($1,000). The estimated initial value per $10 Note on the trade date is expected to be between $9.42 and $9.67, based on UBS’s internal pricing models and funding rate.
UBS AG is offering $250,000 of Trigger Autocallable Contingent Yield Notes, unsecured debt linked to the Class C stock of Alphabet Inc., maturing on January 18, 2028. Each note has a $10 face amount and, at an 8.96% per annum rate, a contingent coupon of $0.224 is paid when Alphabet’s closing level on an observation date is at or above the $65.00 coupon barrier, which is 65.00% of the initial level.
The notes are automatically called if Alphabet’s level on any observation date before the final valuation date is at or above the initial level, paying $10 plus the due coupon and ending future payments. If not called and Alphabet’s final level is at or above the $65.00 downside threshold, principal is repaid at maturity and the final coupon may be paid. If the final level is below the downside threshold, repayment is reduced to $10 × (1 + the underlying return), so losses match Alphabet’s decline and can reach 100% of principal.
The notes are not listed, carry UBS credit risk, are not FDIC insured, and have an estimated initial value of $9.80 per note, below the $10 issue price. The minimum investment is 100 notes, or $1,000.
UBS AG is offering Trigger Autocallable Contingent Yield Notes, unsecured debt obligations linked to the common stock of Advanced Micro Devices, Inc. The notes pay a contingent coupon only if the AMD closing level on an observation date, including the final valuation date, is at or above a specified coupon barrier. If on any observation date before maturity AMD’s level is at or above the initial level, the notes are automatically called and investors receive the $10 principal per note plus the applicable contingent coupon, with no further payments.
If the notes are not called and the final AMD level on July 13, 2028 is at or above the downside threshold, investors receive the $10 principal per note at maturity on or about July 17, 2028 (and a contingent coupon if the coupon barrier is also met). If the final level is below the downside threshold, the redemption amount is $10 × (1 + underlying return), producing a loss matching AMD’s percentage decline and potentially a total loss of principal. The notes are issued in $10 denominations with a minimum investment of 100 notes ($1,000), have an estimated initial value between $9.44 and $9.69 per $10 note, will not be listed on any exchange, and all payments depend on the creditworthiness of UBS.
UBS AG is offering $250,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of CrowdStrike Holdings, Inc., maturing on July 17, 2028. These unsecured debt obligations pay a contingent coupon only on observation dates when the CrowdStrike share price is at or above a specified coupon barrier.
The notes are automatically called before maturity if the underlying share price is at or above the initial level on any observation date, in which case investors receive principal plus the applicable contingent coupon and no further payments. If not called and the final share price is at or above a downside threshold, principal is repaid at maturity; if it is below the threshold, repayment is reduced in line with the underlying return and principal can be lost in full.
All payments depend on the creditworthiness of UBS. The notes are not listed on any exchange, may be illiquid, and are not insured by the FDIC or any government agency. The minimum investment is 100 notes at $10 each, or $1,000. The estimated initial value is $9.79 per note, below the $10 issue price.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the Class C capital stock of Alphabet Inc., each with a $10 principal amount and a term to about January 18, 2028. The Notes are unsubordinated, unsecured debt of UBS.
Investors receive a contingent coupon at a rate of 7.44% per annum (e.g., $0.186 per $10 Note in the examples) only when the underlying stock’s closing level on an observation date is at or above the coupon barrier of $65.00, which equals 65.00% of the initial level. The Notes are automatically called if the underlying closes at or above its initial level on any observation date before the final valuation date, returning principal plus any due coupon.
If not called, and the final level is at or above the $65.00 downside threshold, investors receive the $10 principal (plus any final coupon). If the final level is below the downside threshold, repayment is reduced one-for-one with the underlying return and can fall to zero. The estimated initial value per $10 Note is between $9.44 and $9.69, and the minimum investment is 100 Notes ($1,000). All payments depend on UBS’s credit, and the Notes will not be listed on any exchange.
UBS AG is offering $130,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of International Business Machines Corporation. The Notes pay a contingent coupon only when the IBM share price on a quarterly observation date is at or above a coupon barrier of $60.00, 60.00% of the initial level. The contingent coupon rate is 15.09% per annum, equal to $0.3773 per $10 Note per quarter when this condition is met.
The Notes may be automatically called on any quarterly observation date beginning after nine months if IBM’s closing level is at or above the initial level; investors then receive the $10 principal per Note plus any due contingent coupon, and no further payments occur. If the Notes are not called and IBM’s final level on July 13, 2028 is at or above the $60.00 downside threshold, investors receive the full principal at the July 17, 2028 maturity.
If the final level is below the downside threshold, the maturity payment is reduced in line with the underlying return, and principal losses can reach 100%. Payments depend entirely on UBS’s credit. The Notes are not listed on any exchange, the minimum investment is 100 Notes ($1,000), and the estimated initial value is $9.61 per $10 Note.
UBS AG is offering Trigger Autocallable Contingent Yield Notes, unsubordinated and unsecured debt obligations linked to the common stock of CrowdStrike Holdings, Inc., maturing on or about July 17, 2028. Each Note has a principal amount of $10 and the minimum investment is 100 Notes, or $1,000. Any payment depends on the creditworthiness of UBS.
The Notes pay a contingent coupon only if, on an observation date, CrowdStrike’s closing level is at or above a specified coupon barrier. If on any observation date before the final valuation date the closing level is at or above the initial level, the Notes are automatically called and investors receive the principal plus any due coupon, with no further payments. If never called and the final level is at or above a downside threshold, principal is returned at maturity; if it is below that threshold, repayment is reduced in line with the underlying return and can fall to zero.
The Notes will not be listed on any exchange, and liquidity may be limited. The estimated initial value per $10 Note on the trade date is expected to range between $9.44 and $9.69, reflecting UBS’s internal pricing and funding considerations. The structure adds market risk to CrowdStrike’s share performance on top of UBS credit risk, and investors may receive no coupons and lose a significant portion or all of their initial investment.
UBS AG is offering $950,000 of Trigger Autocallable Contingent Yield Notes linked to Albemarle Corporation common stock, maturing July 17, 2029. The notes pay a contingent coupon only on observation dates when Albemarle’s closing price is at or above a coupon barrier; otherwise no coupon is paid. They can be automatically called on any observation date before maturity if the stock closes at or above the initial level, in which case holders receive the $10 principal per note plus the due coupon, and the product terminates early.
If the notes are not called and Albemarle’s final level is at or above the downside threshold, investors receive principal back at maturity, plus any final coupon if the barrier is met. If the final level is below the downside threshold, repayment is reduced dollar‑for‑dollar with the stock’s decline from the initial level, and the entire $10 principal per note can be lost. The initial estimated value is $9.72 per $10 note, based on UBS’s internal pricing models. All payments are subject to UBS’s credit, and the minimum purchase is 100 notes, or $1,000.
UBS AG is offering $300,000 Trigger Autocallable Contingent Yield Notes maturing on July 17, 2028, linked to the common stock of an underlying company. Each Note has a $10 principal amount and pays a contingent coupon only when the underlying closes at or above a specified coupon barrier on an observation date.
The Notes may be automatically called before maturity if the underlying closes at or above its initial level on any observation date, in which case investors receive principal plus the due contingent coupon and no further payments. If not called and the final level is at or above the downside threshold, investors receive full principal back; if below, repayment is reduced in line with the underlying’s decline, and a total loss of principal is possible.
The hypothetical examples use a 26.92% per annum contingent coupon rate, a $0.673 contingent coupon per period, and a $60.00 coupon barrier and downside threshold, each equal to 60.00% of the initial level. The estimated initial value is $9.76 per Note versus the $10 issue price. The Notes are unsecured, unsubordinated obligations of UBS, are not listed on any exchange, and all payments depend on UBS’s creditworthiness.
UBS AG is offering $400,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of First Solar, Inc., maturing on July 17, 2028. Each note has a $10 principal amount and pays a 27.06% per annum contingent coupon (for example, $0.6765 per observation period) only when the stock closes at or above a coupon barrier.
The notes may be automatically called before maturity if First Solar’s share price on an observation date is at or above the initial level, in which case investors receive principal plus the applicable contingent coupon and no further payments. If not called, and the final share price is at or above the $60 downside threshold (60% of the initial level), principal is repaid at maturity, with a final coupon if the barrier is met.
If the notes are not called and the final share price is below the downside threshold, repayment is reduced one-for-one with the underlying return, down to a total loss of principal. Payments depend on UBS’s credit, the notes are not FDIC-insured, will not be listed on an exchange, and have an estimated initial value of $9.79 per $10 note.
UBS AG is offering unsubordinated, unsecured Trigger Autocallable Contingent Yield Notes linked to the common stock of International Business Machines Corporation, maturing on or about July 17, 2028. These market-linked notes pay a contingent coupon only if IBM’s closing level on each observation date is at or above a specified coupon barrier.
The notes are automatically called if IBM’s closing level on any quarterly observation date (beginning after 9 months) is at or above the initial level, in which case investors receive the $10 principal per Note plus any due coupon and no further payments. If the notes are not called and IBM’s final level on the valuation date is at or above a downside threshold, investors receive only the principal amount at maturity; if the final level is below that threshold, repayment is reduced in proportion to IBM’s decline and can fall to zero.
The offering price is $10 per Note, with a minimum investment of 100 Notes ($1,000). The estimated initial value per Note on the trade date is expected to range between $9.28 and $9.53, based on UBS’s internal pricing models. Payments on the notes, including any coupons and principal, are subject to UBS’s creditworthiness, and the notes will not be listed on any securities exchange.
UBS AG is offering $100,000 aggregate principal amount of Trigger Autocallable Contingent Yield Notes linked to the common stock of Microsoft Corporation, due July 19, 2027. Each Note has a $10 principal amount and is an unsubordinated, unsecured debt obligation of UBS.
Coupon payments are contingent: a coupon is paid on a coupon payment date only if Microsoft’s closing share price on the related observation date is at or above a preset coupon barrier. The Notes are automatically called before maturity if, on any observation date (other than the final valuation date), Microsoft’s share price is at or above the initial level, in which case investors receive principal plus the due coupon and no further payments.
If the Notes are not called and the final share price on July 15, 2027 is at or above a downside threshold, investors receive the $10 principal per Note (plus any due coupon). If the final share price is below the downside threshold, repayment is reduced in line with the negative underlying return, and investors can lose some or all of their initial investment. The Notes are not listed, require a minimum $1,000 purchase, and UBS estimates the initial value at $9.74 per $10 Note, with all payments subject to UBS’s creditworthiness.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Albemarle Corporation, maturing around July 17, 2029. Each Note has a $10 principal amount and pays a contingent coupon only if Albemarle’s closing share price is at or above a coupon barrier on the relevant observation date.
The Notes are automatically called if Albemarle’s share price is at or above the initial level on any observation date before the final valuation date, in which case investors receive the $10 principal plus any due contingent coupon and no further payments. If not called and the final share level is at or above a downside threshold, investors receive only the principal at maturity.
If the final share level is below the downside threshold, repayment is reduced in line with the negative underlying return, potentially to zero. The Notes are unsecured obligations of UBS, not listed on any exchange, require a minimum investment of 100 Notes ($1,000), and have an estimated initial value between $9.34 and $9.59 per Note. Hypothetical examples illustrate a contingent coupon rate of 18.47% per annum with a $60.00 downside threshold and coupon barrier.
UBS AG is offering Trigger Autocallable Contingent Yield Notes due on or about July 17, 2028, linked to the common stock of one company. These are unsubordinated, unsecured debt obligations of UBS, issued at $10 per Note, with a minimum investment of 100 Notes ($1,000).
Coupons are contingent: on each observation date, including the final valuation date on July 13, 2028, a coupon is paid only if the underlying stock closes at or above a coupon barrier set on the trade date. The Notes are automatically called early if the underlying closes at or above its initial level on any observation date before maturity; in that case, investors receive principal plus the applicable coupon and the Notes terminate.
If the Notes are not called and the underlying finishes at or above a downside threshold at maturity, principal is repaid (plus any final coupon). If it finishes below the downside threshold, repayment is reduced in line with the stock’s decline and can fall to zero. All payments depend on UBS’s creditworthiness. The estimated initial value is expected to be between $9.40 and $9.65 per $10 Note, and the Notes will not be listed on any securities exchange.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of First Solar, Inc., maturing on or about July 17, 2028. Each Note has a $10 principal amount and pays a contingent coupon only when the stock closes at or above a coupon barrier on an observation date.
If on any observation date before the final valuation date the stock closes at or above its initial level, the Notes are automatically called and investors receive $10 per Note plus the applicable contingent coupon, with no further payments. If not called and the final stock level is at or above a downside threshold, principal is repaid at maturity; if below, repayment falls with the stock’s percentage loss, up to a total loss of principal.
All payments, including any contingent coupons and principal, depend on UBS’s creditworthiness. The Notes are not listed on any exchange, require a minimum purchase of 100 Notes ($1,000), and have an estimated initial value between $9.42 and $9.67 per $10 Note, determined using UBS’s internal pricing models inclusive of its internal funding rate.
UBS AG is offering $727,000 of Capped Buffer GEARS, unsecured debt securities linked to the common stock of Boston Scientific Corporation, maturing on July 23, 2027. Each Security has a $10 principal amount and pays no interest.
At maturity, if the stock’s return is positive, investors receive $10 plus the lesser of the underlying return multiplied by the 5.00 upside gearing or the 19.70% maximum gain. If the return is zero or negative but the final level is at or above the downside threshold, investors receive the $10 principal.
If the final level is below the downside threshold, losses exceed the 20.00% buffer and principal is reduced, potentially to almost zero. Any payment depends on the creditworthiness of UBS. The estimated initial value is $9.57 per $10 Security, and the Securities will not be listed on any exchange.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Microsoft Corporation. The Notes have observation dates during a term ending on or about July 19, 2027. A contingent coupon is paid only if Microsoft’s closing level on an observation date is at or above a specified coupon barrier; otherwise that period’s coupon is skipped. If Microsoft’s level on any observation date before the final valuation date is at or above the initial level, the Notes are automatically called and repay principal plus the applicable coupon.
If the Notes are not called and the final level on the last valuation date is at or above a downside threshold, investors receive back the $10 principal per Note (and a final coupon if the barrier is also met). If the final level is below the downside threshold, the repayment is reduced one-for-one with Microsoft’s decline from the initial level, and investors can lose some or all of their investment. Payments, including any coupon or principal, are unsecured obligations subject to the creditworthiness of UBS, and the Notes will not be listed on any exchange.
Each Note is offered at $10, with a minimum investment of 100 Notes (a $1,000 position). The estimated initial value per Note on the trade date is expected to be between $9.48 and $9.73, based on UBS’s internal pricing models and funding rate, which is lower than the issue price.
UBS AG is issuing $798,000 of Capped Buffer GEARS, unsubordinated unsecured debt securities linked to the common stock of International Business Machines Corporation. Each Security has a $10 principal amount and is designed to pay at maturity based on the stock’s performance.
If the IBM share return over the term is positive, investors receive principal plus a leveraged positive return, capped at a maximum gain. If the return is zero or negative but the final share price stays at or above a downside threshold, investors receive only the $10 principal back. If the final level falls below the downside threshold, repayment is reduced based on losses beyond a fixed buffer and investors can lose almost all of their investment.
The Securities pay no interest, are not listed on any exchange, and repayment depends entirely on UBS’s creditworthiness. The estimated initial value is $9.49 per $10 principal as of the trade date. The trade date is July 15, 2026, with a scheduled maturity on July 23, 2027.
UBS AG is offering $200,000 principal amount of Trigger Autocallable Contingent Yield Notes linked to the common stock of NVIDIA Corporation, maturing July 17, 2028. Each $10 Note pays a contingent coupon only when NVIDIA’s closing price on an observation date is at or above a coupon barrier and may be automatically called early if the stock closes at or above the initial level.
If the Notes are never called and NVIDIA’s final level is at or above a downside threshold, investors receive the $10 principal per Note; if it is below, repayment falls in line with the stock’s decline and can result in a total loss. Payments depend on UBS’s credit and the Notes are not insured or exchange-listed. The minimum investment is 100 Notes ($1,000), and the estimated initial value is $9.78 per $10 Note, based on UBS internal pricing models.
UBS AG is issuing $360,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Netflix, Inc., maturing October 18, 2027. These unsubordinated, unsecured debt obligations pay contingent coupons only on observation dates when the Netflix closing price is at or above a defined coupon barrier. On quarterly observation dates beginning after six months, the notes are automatically called if the stock closes at or above its initial level, returning the $10 principal per Note plus any due coupon, after which no further payments are made.
If the notes are never called, principal is repaid at maturity only when the final Netflix level is at or above a specified downside threshold; otherwise the payoff is reduced one-for-one with the stock’s percentage decline, and investors can lose their entire investment. The issuer characterizes these notes as significantly riskier than conventional debt instruments, and all payments depend on UBS’s creditworthiness; they are not bank deposits or FDIC‑insured. The notes will not be listed on any exchange, the minimum investment is 100 Notes ($1,000), and the estimated initial value is $9.78 per $10 Note, determined using UBS’s internal pricing models inclusive of an internal funding rate.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Ford Motor Company, maturing on July 17, 2028. Each Note has a principal amount of $10, with a minimum investment of 100 Notes, or $1,000. The Notes pay a contingent coupon only if Ford’s closing share price on an observation date is at or above a specified coupon barrier; otherwise, no coupon is paid for that period.
The Notes are subject to an automatic call if Ford’s stock closes at or above the initial level on any observation date before maturity, in which case investors receive principal plus any due contingent coupon and the product terminates. If the Notes are not called and Ford’s final share price on the valuation date is at or above a downside threshold, investors receive full principal at maturity. If the final price is below the downside threshold, repayment is reduced in line with the stock’s negative return, and investors can lose most or all of their investment.
All payments depend on UBS’s creditworthiness; a UBS default could result in total loss. The Notes are unsecured, unsubordinated debt, will not be listed on any exchange, and have an estimated initial value of $9.70 per $10 Note as of the trade date of July 15, 2026. Settlement is expected on July 17, 2026, and the final valuation date is July 13, 2028.
UBS AG is offering $570,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Microsoft Corporation, maturing July 17, 2028. These are unsubordinated, unsecured debt obligations of UBS.
The notes pay a contingent coupon on scheduled coupon dates only if Microsoft’s closing share price on the related observation date is at or above a preset coupon barrier. If on any observation date before maturity the share price is at or above the initial level, the notes are automatically called, and investors receive the $10 principal per note plus any due coupon, with no further payments.
If the notes are not called and the final share price on the valuation date is at or above a downside threshold, investors receive their $10 principal at maturity (plus any final coupon if the barrier is met). If the final price is below the downside threshold, repayment is reduced in line with the stock’s decline, and investors can lose some or all of their principal. Any payment depends on UBS’s credit; a UBS default could result in a total loss. The notes are not listed, have a $10 denomination with a $1,000 minimum investment, and have an estimated initial value of $9.81 per note, below the issue price.
UBS AG is offering Capped Buffer GEARS, unsubordinated, unsecured debt securities linked to the common stock of Boston Scientific Corporation. The notes are scheduled to trade on July 15, 2026, settle on July 17, 2026, and mature on or about July 23, 2027, with the final valuation date on July 21, 2027.
Each Security has a $10 principal amount, with a minimum investment of 100 Securities ($1,000). At maturity, the cash payment depends on the percentage change in the underlying stock from trade date to final valuation date. If the underlying return is positive, investors receive $10 plus a leveraged upside return, but this is capped at a stated maximum gain so the payment cannot exceed a maximum per Security. If the underlying return is zero or negative but the final level stays at or above a downside threshold, investors receive only the $10 principal. If the final level falls below the downside threshold, repayment is reduced according to a formula that incorporates a buffer, and investors can lose some or almost all of their initial investment. The Securities do not pay interest, will not be listed on any exchange, and any payment, including principal, is subject to UBS’s creditworthiness. The estimated initial value is expected to be between $9.37 and $9.62 per $10 Security.
UBS AG is offering unsubordinated, unsecured Trigger Autocallable Contingent Yield Notes linked to the common stock of Netflix, Inc., expected to mature on or about October 18, 2027. The notes pay contingent coupons only on observation dates when the Netflix share price closes at or above a specified coupon barrier.
The notes are automatically called on any quarterly observation date (beginning after six months) when the Netflix closing level is at or above the initial level, in which case investors receive the principal plus the applicable contingent coupon and no further payments. If not called, principal is repaid at maturity only if the final Netflix level is at or above a downside threshold; if it is below, repayment is reduced in line with the stock’s decline and investors can lose all of their investment. The minimum investment is 100 notes at $10 each, the estimated initial value is expected to be $9.42–$9.67 per note, the notes are not listed on any exchange, and all payments are subject to UBS’s creditworthiness.
UBS AG is offering unsubordinated, unsecured Trigger Autocallable Contingent Yield Notes linked to the common stock of NVIDIA Corporation, maturing on or about July 17, 2028. Payments depend on NVIDIA’s stock performance and the creditworthiness of UBS.
On each observation date, a contingent coupon is paid only if the closing level of NVIDIA stock is at or above a coupon barrier; otherwise no coupon is paid. The Notes are automatically called if NVIDIA’s closing level on any observation date before the final valuation date is at or above the initial level, in which case holders receive the principal plus any due coupon and no further payments.
If not called, at maturity investors receive the $10 principal per Note only if the final level is at or above a downside threshold; if it is below, the payoff equals $10 × (1 + underlying return), producing losses proportional to the stock’s decline and potentially a total loss. The Notes are not listed, have a minimum investment of 100 Notes at $10 each, and have an estimated initial value between $9.44 and $9.69 per Note. Hypothetical examples use an 11.19% annual coupon rate and a 60.00% downside threshold and coupon barrier to illustrate potential outcomes, including scenarios with losses exceeding 60%.
UBS AG is offering Capped Buffer GEARS, unsecured debt securities linked to the common stock of International Business Machines Corporation, maturing on or about July 23, 2027. Each Security has a $10 principal amount, with a minimum investment of 100 Securities ($1,000).
The cash payment at maturity depends on the underlying stock’s return between the trade date and final valuation date. If the underlying return is positive, investors receive $10 plus a leveraged gain based on upside gearing, capped at a maximum gain, illustrated as 19.20% in the hypothetical examples. If the return is zero or negative and the final level is at or above the downside threshold, investors receive the full $10. If the final level is below the downside threshold, investors lose principal beyond the illustrated 20% buffer, as shown by a -60% underlying return resulting in a $6.00 payment (40% loss).
The Securities pay no interest, are not listed on any exchange, and any amount due is subject to the creditworthiness of UBS AG, with the potential for total loss if UBS defaults. The estimated initial value per Security on the trade date is expected to be between $9.29 and $9.54.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Ford Motor Company common stock, in $10 denominations with a minimum $1,000 investment. These unsecured debt obligations pay contingent coupons only when Ford’s closing stock price on an observation date is at or above a specified coupon barrier.
The notes can be automatically called on any observation date before maturity if Ford’s share price is at or above the initial level, returning principal plus the applicable coupon, with no further payments. If not called and the final level on July 13, 2028 is at or above a downside threshold, investors receive principal back at maturity on July 17, 2028; otherwise, repayment falls one-for-one with Ford’s decline and can result in a total loss. Payments depend on UBS’s credit, the notes are not listed on any exchange, and the estimated initial value is expected to be $9.40–$9.65 per $10 note, below the issue price.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Microsoft Corporation, maturing on or about July 17, 2028. The Notes are unsubordinated, unsecured debt obligations of UBS AG.
Investors may receive periodic contingent coupons only when Microsoft’s closing level on an observation date is at or above a predefined coupon barrier. The Notes are automatically called if Microsoft’s closing level on any observation date before maturity is at or above the initial level, in which case investors receive principal plus any due coupon and no further payments. If the Notes are not called and Microsoft’s final level is below a downside threshold at maturity, repayment is reduced in proportion to the stock’s decline, and investors could lose their entire principal. Any payment depends on the creditworthiness of UBS. The Notes are not listed, require a minimum purchase of 100 Notes at $10 per Note, and have an estimated initial value between $9.44 and $9.69 per Note based on UBS internal models.
UBS AG is offering $2,665,000 of Trigger Callable Contingent Yield Notes due July 19, 2029, linked to the least performing of the Dow Jones Industrial Average, Nasdaq-100 Technology Sector Index and Russell 2000 Index, with a principal amount of $1,000 per Note.
The Notes pay a contingent coupon of 11.85% per annum ($9.875 per month) only when all three indices close at or above their coupon barriers, set at 70% of initial levels. UBS may call the Notes monthly after six months, returning principal plus any due coupon. If not called and any index finishes below its 60% downside threshold at maturity, repayment is reduced one-for-one with the worst index’s decline, up to total loss of principal.
The Notes are unsecured obligations of UBS, are not listed on an exchange, and may have limited liquidity. The estimated initial value is $987.00 per $1,000 Note, below the issue price, reflecting underwriting discount, hedging, and issuance costs; UBS receives $992.50 per Note in proceeds before its own costs.
UBS AG is offering $2,236,000 of Trigger Callable Contingent Yield Notes linked to the least performing of the Nasdaq-100, Russell 2000 and S&P 500 indexes, maturing July 19, 2029. Each $1,000 note pays a monthly contingent coupon at an annual rate of 11.90% (about $9.9167 per month) only when all three indexes close at or above 75% of their initial levels on the relevant observation date.
UBS may call the notes in whole on any monthly observation date beginning after three months, paying principal plus any due coupon. If the notes are not called and, at maturity, all three indexes are at or above 60% of their initial levels, investors receive full principal back. If any index is below its 60% downside threshold, repayment is reduced to $1,000 multiplied by 1 plus the return of the worst-performing index, which can result in a total loss of principal. All payments depend on UBS’s creditworthiness, and the estimated initial value is $986.90 per $1,000 note.
UBS AG is issuing Bearish Barrier Early Redeemable Market Linked Notes linked to the S&P 500® Index, in $1,000 denominations, with a capped 5.00% digital return. The expected term is about 15 months, from a July 31, 2026 trade date to a November 4, 2027 maturity, unless redeemed early.
A “barrier event” occurs if the index closes below the lower barrier, set at the initial level minus 20.00%, on any trading day in the observation period. If this happens, the notes are automatically redeemed early and only principal is repaid on the call settlement date, with no positive return.
If no barrier event occurs and the final index level is at or above the initial level, holders receive principal plus the 5.00% digital return at maturity. If no barrier event occurs and the index finishes lower but stays at or above the lower barrier, the payoff equals principal plus the absolute value of the index loss, capped at 20.00%.
The notes pay no interest, are unsecured and unsubordinated obligations of UBS, will not be listed on any exchange, and all payments depend on UBS’s creditworthiness. The estimated initial value is expected to be between $958.90 and $988.90 per $1,000 note, less than the issue price.
UBS AG is offering Trigger Callable Contingent Yield Notes, unsecured debt obligations with a $1,000 principal amount per Note, linked to the least performing of the Dow Jones Industrial Average®, the Russell 2000® Index and the S&P 500® Index, maturing on or about July 27, 2028.
The Notes pay a contingent coupon of 8.00% per annum ($6.6667 per month) only if, on a monthly observation date, the closing level of each index is at or above its coupon barrier, set at 70.00% of its Initial Level; otherwise no coupon is paid for that period. UBS may, at its discretion, call the Notes in whole (but not in part) on any observation date beginning after three months, paying back principal plus any due contingent coupon, after which no further payments are made.
If the Notes are not called and on the final valuation date any index closes below its downside threshold, set at 55.00% of its Initial Level, the redemption amount is reduced one-for-one with the negative return of the least performing index, and you can lose a significant portion or all of your investment. Any payment is subject to UBS’s credit risk, the Notes will not be listed, and the estimated initial value is expected to be $959.10–$989.10 per $1,000 Note, below the issue price due to fees, hedging and funding costs.
UBS AG is offering Buffer Autocallable Contingent Yield Notes linked to the least performing of the S&P 500 Index and the Russell 2000 Index, maturing around July 31, 2031. The Notes pay a 7.35% per annum contingent coupon, credited monthly only when both indices close at or above their coupon barriers on the relevant observation dates.
The Notes can be automatically called after 12 months if each index is at or above its call threshold (100.00% of its initial level), in which case investors receive principal plus the applicable coupon and the product terminates. If not called and at maturity both indices are at or above their downside thresholds (85.00% of initial levels, providing a 15% buffer), principal is repaid; if any index finishes below its downside threshold, repayment is reduced in line with the decline beyond the buffer, potentially to almost zero. The estimated initial value is $925.10–$955.10 per $1,000 Note, below the issue price due to underwriting discount, hedging and issuance costs, and UBS’ internal funding rate. The Notes are unsecured, unsubordinated obligations of UBS, not listed on any exchange, and all payments depend on UBS’ creditworthiness.
UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least-performing of the Nasdaq-100 Technology Sector Index, Russell 2000 Index and S&P 500 Index, with an approximately 18‑month term and scheduled maturity on January 27, 2028.
The Notes pay contingent coupons at 13.90% per annum in equal periodic installments only when, on a monthly observation date, all three indices close at or above a coupon barrier set at 70.00% of their Initial Level; otherwise no coupon is paid for that period. UBS may, at its discretion, call the Notes in whole on any observation date beginning after three months, paying the $1,000 principal per Note plus any due coupon, after which no further payments occur. If not called, principal is repaid at maturity only if each index’s final level is at or above its downside threshold, also 70.00% of its Initial Level; otherwise repayment is reduced in line with the negative return of the worst-performing index, up to a complete loss of principal. The Notes are unsubordinated, unsecured obligations of UBS, are not listed, carry an estimated initial value between $960.70 and $990.70 per $1,000 issue price, and include underwriting discounts of up to $7.25 per Note.
UBS AG is offering Bearish Barrier Early Redeemable Market Linked Notes linked to the S&P 500® Index, with $1,000 principal per Note and a term of approximately 15 months, issued as unsubordinated, unsecured obligations of UBS AG London Branch.
The Notes automatically redeem early if a barrier event occurs, when the index closes below 80% of its initial level on any trading day, returning only principal with no positive return. If no barrier event occurs and the final index level is at or above the initial level, holders receive principal plus a fixed 5.45% digital return. If no barrier event occurs and the final level is below the initial but at or above the lower barrier, holders receive principal plus the absolute value of the index decline, capped at 20.00%.
The Notes pay no interest, are not listed, and secondary liquidity is uncertain, so selling before redemption or maturity may result in a loss. Estimated initial value is between $961.60 and $991.60 per $1,000 Note, reflecting embedded costs. All payments depend on UBS’s creditworthiness and may be affected by Swiss resolution powers and complex U.S. tax treatment as contingent payment debt instruments.
UBS AG is offering unsubordinated, unsecured Trigger Autocallable Contingent Yield Notes with Memory Interest linked to the least performing of Amazon.com, Inc. and Visa Inc. common stock, maturing on or about August 2, 2029. Each Note has a $1,000 principal amount and pays a contingent coupon at 9.65% per annum (quarterly $24.125) when on an observation date both stocks close at or above 50.00% of their initial levels.
The Notes are automatically called if on any earlier observation date both stocks are at or above 100.00% of their initial levels, returning principal plus the current and any previously unpaid coupons. If not called and both final stock levels are at or above their 50.00% downside thresholds, investors receive principal back. Otherwise, holders receive shares of the worst-performing stock based on a share delivery amount (principal divided by initial level), which can result in a significant or total loss. Issue price is $1,000 per Note, with net proceeds of $980 and an estimated initial value between $949.40 and $979.40. The Notes are not exchange-listed and all payments depend on UBS’s credit and Swiss resolution regime.
UBS AG is offering Trigger Autocallable Notes with a principal amount of $1,000 per Note, linked to the least performing of the Russell 2000 Index and the S&P 500 Index. The notes run for about four years, from an expected July 31, 2026 trade date to August 5, 2030 maturity.
The notes pay no interest or dividends. Each year, including at final valuation, if both indices are at or above their call threshold (100% of initial level), the notes are automatically called and pay the call price: principal plus a call return based on an 11.35% per‑annum rate, increasing the longer they remain outstanding.
If never called and at maturity both indices are at or above their downside thresholds (70% of initial), holders receive only their principal. If at least one index finishes below its downside threshold, repayment is reduced one‑for‑one with the worst index’s loss, down to a total loss of principal. The notes are unsecured, unsubordinated UBS debt, not listed, and their estimated initial value of $939.70–$969.70 is below the $1,000 issue price, reflecting fees and UBS’s internal funding rate. Capital is fully at risk and repayment depends on UBS’s credit.
UBS AG is offering Buffer Autocallable Contingent Yield Notes, unsecured senior debt linked to the least performing of the S&P 500 Index and the SPDR S&P Regional Banking ETF. The notes mature on or about July 31, 2031 and pay a 9.75% per annum contingent coupon.
Holders receive a monthly coupon of $8.125 per $1,000 note only when both underlyings are at or above their 85% coupon barriers. Beginning after 12 months, the notes are automatically called if both are at or above 100% of their initial levels, returning principal plus the applicable coupon.
If not called and both final levels are at or above their 85% downside thresholds, investors receive full principal at maturity. If any final level is below its downside threshold, principal is reduced beyond the 15% buffer, and investors can lose almost all of their investment. The notes are not listed, carry UBS credit and Swiss resolution (FINMA) risk, and have an estimated initial value of $919.30–$949.30 per $1,000 note, below the public issue price.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the least performing of the Nasdaq‑100 Index and the S&P 500 Index, each with $1,000 principal and an expected term of about three years from August 2026 to August 2029.
The notes pay an 11.00% per annum contingent coupon (about $27.50 per quarter) only when both indices close at or above 70% of their initial levels on quarterly observation dates. Starting after six months, if both indices are at or above 100% of their initial levels on an observation date, the notes are automatically called and repay principal plus the applicable coupon.
If the notes are not called and either index finishes below 70% of its initial level at maturity, repayment is reduced one‑for‑one with the loss of the least performing index, up to a total loss of principal. Investors do not participate in index upside or dividends. The notes are unsecured obligations of UBS, are not listed on an exchange, and have an estimated initial value of $964.10–$994.10 per $1,000 note, reflecting internal funding and structuring costs.
UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of three State Street Select Sector SPDR ETFs—Communication Services (XLC), Energy (XLE) and Consumer Discretionary (XLY)—with a principal amount of $1,000 per Note.
The Notes pay a contingent coupon at an annual rate of 11.30% (monthly payments of $9.4167) only when the closing level of each ETF is at or above its coupon barrier, set at 62.00% of its initial level. UBS may redeem the Notes in whole, at its discretion, on any monthly observation date beginning after six months, paying principal plus any due coupon.
If the Notes are not called and, at maturity in July 2031, the final level of any ETF is below its downside threshold (also 62.00% of its initial level), the repayment per Note is reduced one-for-one with the loss on the worst-performing ETF, up to a total loss of principal. Investors forgo ETF dividends, face limited upside, possible zero coupons, limited liquidity, and full exposure to UBS credit risk.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the least performing of the Nasdaq-100 Index and the S&P 500 Index, maturing on or about August 3, 2029. Each $1,000 note pays a contingent coupon at 9.05% per annum (quarterly $22.625) when both indices close at or above their coupon barriers.
The coupon barrier and downside threshold for each index are set at 70.00% of its initial level, while the call threshold is 100.00%. Starting after six months, if both indices are at or above their call thresholds on an observation date, the notes are automatically called and repay principal plus any due coupon.
If the notes are not called and any index finishes below its downside threshold, the payment at maturity is reduced one-for-one with the decline of the worst-performing index, potentially to zero, so investors can lose all principal. Payments depend on UBS’s credit; the estimated initial value of each note, $948.40–$978.40, is below the $1,000 issue price, and the notes are not listed, so liquidity may be limited.
UBS AG plans to issue Trigger Callable Contingent Yield Notes linked to the least performing of the S&P 500 Index, Russell 2000 Index and Nasdaq‑100 Index, at an issue price of $1,000 per Note with a 12.45% per annum contingent coupon.
Coupons are paid monthly only if on each observation date every index closes at or above its coupon barrier, set at 70% of its initial level; otherwise no coupon is paid. UBS may call the notes monthly after about three months, repaying principal plus any due coupon, after which no further payments are made. If not called, and on the January 26, 2028 maturity date each index is at or above its 70% downside threshold, investors receive principal; if any index finishes below its threshold, repayment is reduced in line with the worst index’s decline, up to a total loss. The notes are unsecured, unsubordinated obligations of UBS, not listed, not FDIC insured, and carry UBS credit risk. The estimated initial value is expected between $960.30 and $990.30 per Note, below the issue price due to underwriting compensation, hedging, issuance costs and UBS’ internal funding rate.
UBS AG, through its London Branch, is offering Trigger Autocallable Notes linked to the least performing of the Russell 2000 Index and the S&P 500 Index, maturing on August 5, 2030. Each Note has a $1,000 principal amount and a call return rate of 13.30% per annum. The Notes are automatically called if on any annual observation date, including the final valuation date, the closing level of both indices is at or above their call threshold levels, set at 100.00% of their initial levels.
If called, investors receive the call price (principal plus accrued call return) and no further payments. If not called and both final index levels are at or above downside thresholds of 70.00% of initial levels, principal is repaid at maturity. If any final level is below its downside threshold, repayment equals $1,000 × (1 + the return of the least performing index), creating full downside exposure and potential total loss of principal. The estimated initial value is between $959.70 and $989.70 per Note. The Notes pay no interest, are unsecured unsubordinated obligations of UBS, are not listed on any exchange, and all payments depend on UBS’s credit and Swiss regulatory resolution powers.
UBS AG London Branch is offering $2,242,000 of Capped Leveraged Buffered S&P 500® Index-Linked Medium-Term Notes due July 17, 2028. Each $1,000 note pays no interest and returns cash at maturity based on S&P 500® performance from July 13, 2026 to July 13, 2028.
Investors gain 150.00% of any positive index return, but returns are capped at a maximum settlement of $1,196.50 per $1,000 (when the index reaches 113.10% of the initial level of 7,515.34). A 20.00% buffer protects against moderate declines; below 80.00% of the initial level (6,012.272), losses accelerate at a buffer rate of 125.00%, so a sufficiently large drop can erase the entire investment. The estimated initial value is $978.20 per $1,000, reflecting underwriting and hedging costs; UBS receives 98.27% of face after a 1.73% underwriting discount. The notes are unsecured obligations of UBS, not FDIC-insured, will not be listed, may have little or no secondary market, and carry complex U.S. tax and withholding considerations, including potential application of Section 871(m) and FATCA.
UBS AG is offering Trigger Callable Contingent Yield Notes due on or about January 27, 2028, linked to the least performing of the S&P 500 Index, Russell 2000 Index and Nasdaq-100 Index. The notes pay a contingent coupon of 10.05% per annum, only when on each monthly observation date all three indices close at or above their respective coupon barriers, set at 70.00% of their Initial Levels.
UBS may, at its discretion, call the notes in whole on any observation date beginning after three months, paying the $1,000 principal per note plus any due contingent coupon, after which no further payments are made. If the notes are not called and, on the final valuation date, each index is at or above its downside threshold (also 70.00% of its Initial Level), investors receive full principal back plus any final coupon. If any index finishes below its downside threshold, the maturity payment is reduced by the full percentage decline of the worst-performing index, and investors can lose a significant portion or all of their investment.
The notes are unsubordinated, unsecured debt obligations of UBS, not bank deposits and not insured by the FDIC or any government agency. The estimated initial value per note is expected to be between $946.30 and $976.30, lower than the $1,000 issue price due to underwriting discounts, hedging and issuance costs, and UBS’s internal funding rate. The notes will not be listed, and any secondary market may be limited, with prices influenced by index levels, volatility, interest rates and UBS’s creditworthiness.
UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the Russell 2000 Index and the Nasdaq-100 Technology Sector. The notes pay a 13.40% per annum contingent coupon only when both indices are at or above their respective coupon barriers on an observation date.
Each index has a coupon barrier and downside threshold at 70.00% of its Initial Level. If the notes are not called and any index finishes below its downside threshold at maturity, repayment of principal falls in line with the worst index’s percentage decline, potentially to zero. The notes are callable monthly after three months at UBS’s discretion, are unsubordinated, unsecured obligations subject to UBS credit risk, will not be listed on an exchange, and have an estimated initial value between $957.30 and $987.30 versus a $1,000 issue price, with underwriting compensation of up to $7.25 per note.