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

UBS AG is offering Capped Buffer GEARS linked to Broadcom Inc. stock with final terms set on the trade date. The notes mature on September 15, 2027 with a final valuation date of September 13, 2027 and an expected term of approximately 15 months. Payments at maturity depend on the underlying return, an upside gearing (example: 4.00) capped by a maximum gain (example: 37.60%), and a buffered downside (example buffer shown: 15.00%). If the final level is below the downside threshold, investors can lose a portion or almost all of principal. The securities are unsecured obligations of UBS and repayment is subject to UBS creditworthiness. Minimum investment is 100 Securities at $10 per Security.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Block, Inc. with expected Trade Date June 11, 2026 and Maturity Date June 15, 2029. The Notes pay a contingent coupon on each coupon payment date only if the underlying closing level on the applicable observation date meets or exceeds the coupon barrier; otherwise no coupon is paid.

The Notes are subject to automatic early redemption if the underlying closing level on any quarterly observation date (beginning after ~6 months) is at or above the initial level. If not called, principal is repaid at maturity only if the final level is at or above the downside threshold; if below, principal is reduced in direct proportion to the underlying return, and you could lose all of your investment. The Notes are unsecured obligations of UBS and repayment depends on UBS creditworthiness. Minimum investment is 100 Notes at $10 per Note; estimated initial value range is $9.34–$9.59 as of the trade date.

UBS AG London Branch offers Digital S&P 500® Index-Linked medium-term notes tied to the S&P 500 Index with a term expected to be between 16 and 18 months. Each note has a face amount of $1,000. If the final index level on the determination date is equal to or above a buffer level of 90.00% of the initial level, holders receive a capped maximum settlement amount expected to be between $1,114.90 and $1,135.10 per $1,000 face amount. If the final level is below the buffer level, losses apply: the notes lose approximately 1.1111% of face amount for every 1.00% negative index return below the buffer, and investors could lose their entire investment. The estimated initial value on the trade date is expected to be between $968.00 and $998.00 per $1,000 face amount. Payments depend on UBS creditworthiness; the notes are unsecured, non-interest bearing, non‑redeemable and not FDIC insured.

UBS AG is offering Capped Leveraged Buffered S&P 500® Index-Linked Medium‑Term Notes with a term expected to be between 16 and 18 months. Each note has a face amount of $1,000. The notes pay no interest and principal repayment at maturity depends on the S&P 500 closing level on the determination date, subject to a 90.00% buffer, an upside participation rate of 140.00% and a capped payout (maximum settlement amount expected to be between $1,167.44 and $1,196.84 per $1,000). If the final index level falls below the buffer level you can lose substantially or all of your investment; estimated initial value is expected to be between $967.20 and $997.20 per $1,000. The notes are unsecured obligations of UBS and expose holders to UBS credit risk.

UBS AG is offering $1,293,000 of Trigger Callable Contingent Yield Notes linked to the least performing of the S&P 500®, Russell 2000® and Nasdaq-100® indices due May 15, 2028. The notes pay a 10.75% per annum contingent coupon on observation dates only if each index meets its coupon barrier; otherwise no coupon is payable. UBS may call the notes monthly beginning after six months; if not called, principal is repayable at maturity only if each final level is at or above its downside threshold (typically 65% of the initial level). The issue price totals $1,293,000 (per Note $1,000) and the estimated initial value per Note at trade date is $991.10. Any payments, including principal, are subject to the creditworthiness of UBS and holders may lose a significant portion or all of their investment.

UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the MSCI EAFE®, Russell 2000® and S&P 500® indices. The Notes have a principal amount of $10 per Note, a contingent coupon rate shown as 10.40% per annum on the cover, trade date of June 11, 2026, expected settlement on June 15, 2026 and maturity on or about June 17, 2031. Contingent coupons are payable only if each underlying index is at or above its coupon barrier on an observation date; UBS may call the Notes in whole on observation dates. At maturity holders receive principal only if each underlying index is at or above its downside threshold; otherwise repayment is reduced in line with the percentage decline of the least performing underlying asset. Estimated initial value is stated between $9.527 and $9.827 per Note.

UBS AG offers Trigger Callable Contingent Yield Notes linked to the least performing of the S&P 500, Nasdaq-100 and Russell 2000. The notes have a 14.00% per annum contingent coupon (stated) and are sold at a $1,000.00 issue price per note. The estimated initial value range is $965.70 to $995.70. The notes are callable monthly beginning after three months, mature on or about June 15, 2028, and principal repayment at maturity is contingent on the final levels relative to 70.00% downside thresholds. Terms are subject to completion and will be set on the strike date.

UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the Nasdaq-100® Technology Sector, the Russell 2000® Index and the S&P 500® Index, with a stated issue price of $1,000 per Note. The preliminary pricing supplement dated June 11, 2026 describes an approximately 18-month term with a contingent coupon rate of 13.10% per annum, monthly observation dates (callable beginning after three months) and a maturity on or about December 30, 2027. Contingent coupons are payable only if each underlying asset is at or above its coupon barrier on an observation date; principal repayment at maturity depends on the final level of the least performing underlying asset relative to its downside threshold. The document discloses an estimated initial value range of $959.20 to $989.20 and an underwriting discount of up to $7.25 per Note; proceeds to UBS are at least $992.75 per Note. Significant risks include possible loss of a substantial portion or all principal if any underlying asset falls below its downside threshold, issuer credit risk, limited liquidity, potential conflicts of interest, and UBS’s unilateral right to call the Notes.

UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the Russell 2000® Index and the S&P 500® Index with an aggregate issue price of $1,642,000. Each Note has a $1,000 principal amount, a contingent coupon rate of 9.80% per annum, a term of approximately 15 months and monthly observation dates.

Contingent coupons are paid only if both indices meet their coupon barriers on an observation date. UBS may call the Notes in whole on monthly observation dates beginning after three months. Principal repayment at maturity is contingent: if any final index level is below its 65.00% downside threshold, the maturity payment will be reduced pro rata by the negative return of the least performing underlying asset, and full loss of principal is possible. Payments are subject to UBS credit risk. The estimated initial value on the trade date was $993.60 per Note.

UBS AG is offering $2,500,000 of Buffer Callable Contingent Yield Notes linked to the least performing of the Nasdaq-100, Russell 2000 and S&P 500, maturing June 15, 2027. The Notes pay a contingent coupon of 12.55% per annum only if each index meets its coupon barrier on an observation date; otherwise no coupon is paid. UBS may call the Notes monthly beginning after three months; if called you receive principal plus any contingent coupon then due. If not called and the final level of any underlying index is below its downside threshold (85% of the initial level), repayment at maturity is reduced by the percentage decline of the least performing underlying asset in excess of the 15% buffer, and in extreme cases you could lose almost all of your investment. Issue price is $1,000 per Note (totaling $2,500,000); the estimated initial value per Note was $988.70. All payments are subject to UBS credit risk and the Notes will not be listed on an exchange.

UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the S&P 500® Index and the Russell 2000® Index due on or about June 24, 2031. The Notes pay a contingent coupon of 10.05% per annum only when each underlying meets its coupon barrier on observation dates and are callable at UBS's discretion beginning on the first call date.

The Notes have an issue price of $1,000.00 per Note, underwriting discount of $5.00 per Note (proceeds to UBS of $995.00 per Note), and an estimated initial value range of $959.60 to $989.60 as of the trade date. Principal repayment at maturity depends on whether the final level of the least performing underlying asset is at or above its downside threshold (60.00% of initial level); otherwise principal may be reduced in proportion to that underlying's decline.

UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the S&P 500®, Nasdaq-100® and Dow Jones Industrial Average®, due on or about June 24, 2031. The Notes pay a contingent coupon (listed example: 11.00% per annum) only when each underlying meets its coupon barrier and are callable by UBS monthly beginning after three months.

The issue price example is $1,000.00 per Note with an underwriting discount of $4.00 and proceeds to UBS of $996.00 per Note. Example structural terms shown include coupon barriers at 70.00% of initial levels and downside thresholds at 60.00% of initial levels; estimated initial value range is $962.60 to $992.60. The Notes are unsecured obligations of UBS and repayment is subject to UBS credit risk; if not called and the least performing underlying ends below its downside threshold, investors may lose a substantial portion or all principal.

UBS AG offers Trigger Callable Contingent Yield Notes linked to the least performing of the Dow Jones Industrial Average, the Russell 2000 and the Nasdaq-100 Technology Sector. The preliminary pricing supplement dated June 11, 2026 describes contingent coupons (paid only if each underlying meets its coupon barrier), an issuer call right (monthly, beginning after ~3 months), downside thresholds at 65.00% of initial level, and principal repayment at maturity that may be reduced if the least performing underlying falls below its downside threshold. The contingent coupon rate shown in the pricing table is 12.30% per annum (illustrative). The estimated initial value range is $957.40 to $987.40 per $1,000 Note and the issue price is $1,000.00 per Note; underwriting compensation may be up to $7.25 per Note. Payments, including principal, are subject to UBS credit risk; holders may lose a significant portion or all of their investment if conditions are not met.

UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of XLE (State Street Energy Select Sector SPDR ETF), the Russell 2000® Index and the Nasdaq-100® Technology Sector. The notes pay a contingent coupon only when each underlying closes at or above its coupon barrier on an observation date; UBS may call the notes monthly beginning after six months. If not called, principal repayment at maturity depends on whether each underlying’s final level is at or above its downside threshold; if any underlying’s final level is below its downside threshold, repayment is reduced proportionally to the decline of the least performing underlying asset.

The preliminary terms show a contingent coupon rate of 17.30% per annum, a $1,000 denomination example, an estimated initial value range of $951.30 to $981.30, and underwriting discount of $5.00 per note. The notes are unsecured obligations of UBS and any payment is subject to UBS credit risk; FINMA resolution powers and other risks are described.

UBS AG is offering Trigger Callable Contingent Yield Notes due on or about June 30, 2031. The notes pay a contingent coupon of 11.00% per annum when each underlying index meets its coupon barrier and are callable monthly by UBS beginning after nine months. Principal repayment at maturity depends on the least performing underlying asset: if that asset’s final level is below its downside threshold (60.00% of its initial level), holders may suffer a loss of principal, including a total loss in extreme cases. The offering price is $1,000.00 per note; UBS’ estimated initial value range is $962.70 to $992.70 per note. The issue includes an underwriting discount of $4.00 per note.

UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the S&P 500® Index, the Russell 2000® Index and shares of the State Street® Utilities Select Sector SPDR® ETF (XLU). The preliminary contingent coupon rate shown is 10.20% per annum. The Notes are callable quarterly by UBS beginning on the first potential call settlement date (approximately December 23, 2026); if called you receive principal plus any contingent coupon then due. If not called, repayment of principal at maturity depends on each underlying asset’s final level relative to its downside threshold (60.00% of initial level) and coupons depend on each underlying asset meeting its coupon barrier (70.00% of initial level) on observation dates. The issue price per Note is $1,000.00; estimated initial value is between $956.80 and $986.80. The underwriting discount is $5.00 per Note and proceeds to UBS per Note are $995.00. These Notes expose investors to the market risk of the least performing underlying asset and to UBS credit risk; in adverse outcomes you could lose a significant portion or all of your investment.

UBS AG is offering Trigger Autocallable Notes linked to the least performing of the Dow Jones Industrial Average, the Nasdaq-100 Technology Sector and the Russell 2000. The Notes have a principal amount of $1,000 per Note and an approximate term of four years, with a trade date of June 18, 2026, an expected settlement date of June 24, 2026 and a maturity date of June 24, 2030.

The Notes are subject to automatic call on specified semiannual observation dates if the closing level of each underlying asset is at or above its call threshold (100% of initial level). If called, UBS pays a call price that equals principal plus a call return based on a 15.45% per annum call return rate; call prices rise over time (for example, $1,154.50 on the first call). If not called, repayment at maturity is either full principal if each final level is at or above its downside threshold (60% of initial level) or a reduced cash payment equal to $1,000 times (1 + underlying return of the least performing underlying asset), which can result in substantial or total loss.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Palantir Technologies Inc. common stock due June 12, 2028. The Notes pay periodic contingent coupons only if the underlying closing level meets the coupon barrier on observation dates and will be automatically called early if the underlying equals or exceeds the initial level on any prior observation date. If not called, principal repayment at maturity is contingent: if the final level is at or above the downside threshold you receive the principal; if below, you receive an amount equal to $10 x (1 + underlying return), which can result in substantial losses, including loss of all principal. Payments depend on UBS creditworthiness. The Notes have a minimum investment of 100 Notes and an estimated initial value of $9.80 as of the trade date.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Intel Corporation, maturing on June 12, 2029. The Notes pay a contingent coupon only if the closing level of Intel meets or exceeds a coupon barrier on observation dates and may be automatically called early if the underlying equals or exceeds the initial level on any observation date prior to the final valuation date. If not called, principal repayment at maturity is contingent: full principal is returned only if the final level is at or above the downside threshold; otherwise repayment is reduced pro rata to the underlying return and investors can lose a significant portion or all of their investment. Payments are subject to UBS creditworthiness. Trade and settlement are expected on June 10, 2026 and June 12, 2026, respectively.

UBS AG is offering a preliminary pricing supplement for Trigger Autocallable Contingent Yield Notes linked to the common stock of Palantir Technologies Inc., due on or about June 12, 2028.

The Notes pay periodic contingent coupons only if the underlying stock meets the coupon barrier on observation dates, carry an automatic call if the underlying equals or exceeds the initial level on an observation date, and feature contingent principal repayment at maturity tied to the final stock level versus a downside threshold. The Notes have a principal amount of $10 per Note, a minimum purchase of 100 Notes, an estimated initial value range of $9.42 to $9.67, and final terms will be set on the trade date.

The issuer, UBS AG, is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Blackstone Inc. due June 12, 2028. The notes pay periodic contingent coupons only if the underlying meets a coupon barrier on observation dates and are automatically called early if the underlying equals or exceeds the initial level on any prior observation date. If not called, principal repayment at maturity is contingent on the final level relative to a downside threshold; a final level below that threshold causes principal loss proportionate to the underlying return, potentially resulting in a total loss. Payments are subject to UBS’s creditworthiness. Trade date is June 10, 2026 with settlement June 12, 2026, final valuation date June 8, 2028 and maturity June 12, 2028. The estimated initial value per note is $9.67 and the minimum purchase is 100 Notes at $10 per Note ($1,000). The document highlights significant liquidity, market and issuer credit risks and refers investors to the accompanying product supplement for full risk disclosures.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of the underlying company, maturing on June 12, 2029. The Notes pay contingent coupons only if the underlying's closing level on each observation date meets or exceeds a coupon barrier and will be automatically called early if the underlying equals or exceeds the initial level on any observation date prior to final valuation. If not called, principal repayment at maturity is contingent on the final level relative to a downside threshold; if the final level is below that threshold, holders suffer a loss tied to the percentage decline in the underlying and could lose their entire investment. Payments are subject to UBS credit risk. The Notes are offered in $10 increments (minimum 100 Notes) and had an estimated initial value of $9.68 on the trade date.

UBS AG is offering Airbag Autocallable Yield Notes linked to Arista Networks, Inc. with a stated aggregate issuance of $1,983,000. The Notes pay a periodic coupon (example coupon rate 14.41% per annum in the hypothetical illustration) and include an automatic call if the underlying stock closes at or above the initial level on any observation date before the final valuation date. If not called and the final level is below the conversion level, holders receive a share delivery amount (stock) whose value may be less than principal; payments are subject to UBS credit risk. Key dates: trade June 10, 2026, settlement June 12, 2026, final valuation June 10, 2027, maturity June 14, 2027.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Carnival Corporation maturing on June 12, 2028. The Notes pay a contingent coupon only if the underlying's closing level on an observation date meets or exceeds the coupon barrier. The Notes will be automatically called early if the underlying's closing level on any observation date prior to the final valuation date is equal to or greater than the initial level, in which case holders receive principal plus any contingent coupon due on the related coupon payment date. If not called and the final level is below the downside threshold, principal repayment at maturity is reduced pro rata to the underlying return and investors can lose a significant portion or all of their investment. The minimum investment is 100 Notes at $10 per Note; the estimated initial value as of the trade date is $9.65. All payments are subject to UBS creditworthiness.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Intel Corporation common stock, with a trade date of June 10, 2026, expected settlement on June 12, 2026, final valuation on June 8, 2029 and maturity on June 12, 2029. The Notes pay periodic contingent coupons only if the underlying stock meets coupon barriers on observation dates and are automatically called if the stock equals or exceeds the initial level on an observation date. If not called, principal repayment at maturity is contingent on the final level relative to a downside threshold and could result in a loss up to the full principal. Payments depend on UBS's creditworthiness. The Notes are offered in $10 denominations with a minimum $1,000 investment; estimated initial value per Note is between $9.34 and $9.59.

UBS AG offers Trigger Autocallable Contingent Yield Notes linked to Intel Corporation common stock due June 14, 2027. 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 are automatically called early if the underlying closing level on any observation date prior to final valuation is equal to or greater than the initial level, in which case UBS will pay principal plus any contingent coupon due on the related call settlement date and no further payments will be owed.

If not called, at maturity UBS will repay principal only if the final level is equal to or above the downside threshold; if the final level is below the downside threshold, repayment at maturity will be reduced proportionally to the underlying return and could result in a loss of a significant portion or all of principal. All payments, including contingent coupons and any principal repayment, are subject to the creditworthiness of UBS. Trade date is June 10, 2026; settlement date is June 12, 2026; final valuation date is June 10, 2027; maturity date is June 14, 2027.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Blackstone Inc. with a trade date of June 10, 2026 and expected settlement on June 12, 2026. The notes mature on June 12, 2028 with a final valuation date of June 8, 2028. The securities pay periodic contingent coupons only when the underlying closing level meets or exceeds a coupon barrier and may be automatically called early if the underlying reaches or exceeds the initial level on an observation date. If not called, principal repayment at maturity is contingent: full principal is paid only if the final level is at or above a disclosed downside threshold; otherwise repayment declines pro rata with the underlying, possibly resulting in a loss of all principal. Minimum investment is 100 Notes ($1,000). The estimated initial value range is $9.37 to $9.62 per $10 Note.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of NVIDIA Corporation maturing December 13, 2027. The Notes pay a contingent coupon only when the underlying's closing level on an observation date meets or exceeds the coupon barrier and are automatically called early if the closing level on any observation date before maturity is equal to or greater than the initial level. If not called, principal is repaid at maturity only if the final level is at or above the downside threshold; otherwise repayment is reduced in proportion to the underlying return, and investors can lose a significant portion or all of their principal. Trade and settlement are shown as June 10, 2026 and June 12, 2026, with final valuation on December 9, 2027. The Notes have an estimated initial value of $9.78 per $10 Note and require a minimum purchase of 100 Notes ($1,000). All payments are subject to UBS credit risk.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of an underlying company. The preliminary pricing supplement dated June 10, 2026 sets illustrative terms: trade date June 10, 2026, settlement June 12, 2026, final valuation June 8, 2029 and maturity June 12, 2029. The Notes pay contingent periodic coupons only when the underlying closes at or above 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 the final valuation date. If not called, principal repayment at maturity is contingent on the final level relative to a downside threshold; if the final level is below that threshold, holders suffer downside exposure and may lose a significant portion or all of principal. Example economics shown for a $10 Note: contingent coupon rate 21.88% per annum, contingent coupon per period $0.547, estimated initial value range $9.32–$9.57 and minimum purchase 100 Notes ($1,000).

UBS AG priced a preliminary offering of Trigger Autocallable Contingent Yield Notes linked to the common stock of Carnival Corporation due on or about June 12, 2028. The Notes pay periodic contingent coupons only if the underlying meets coupon barriers on observation dates and are subject to an automatic call if the underlying closes at or above the initial level on an observation date. If not called, principal repayment at maturity is contingent on the final level relative to a downside threshold; if the final level is below that threshold investors may suffer losses up to the full principal amount. The Notes are unsecured obligations of UBS AG and any payments depend on UBS’s creditworthiness. The trade date is June 10, 2026 with expected settlement on June 12, 2026 and maturity on June 12, 2028. Investors should review the product supplement and prospectus for full Key Risks.

UBS AG is offering $760,000 Trigger Autocallable Contingent Yield Notes linked to the common stock of Dow Inc. The Notes pay periodic contingent coupons only if the underlying closes at or above the coupon barrier on observation dates and are autocallable if the underlying closes at or above the initial level on any observation date prior to maturity. Trade date is June 10, 2026, settlement June 12, 2026, final valuation June 8, 2029 and maturity June 12, 2029. If not called and the final level is below the downside threshold, principal repayment is contingent and can result in a loss up to your full investment. Estimated initial value as of the trade date is $9.63 per $10 Note. Minimum investment: 100 Notes ($1,000).

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Intel Corporation with a preliminary pricing supplement dated June 10, 2026. The notes have a $10 principal amount per Note, an expected trade date of June 10, 2026, settlement on June 12, 2026, a final valuation date of June 10, 2027, and a maturity date of June 14, 2027.

Payments are contingent: periodic contingent coupons are paid only if the underlying closing level meets a coupon barrier on observation dates; the notes are automatically called if the underlying equals or exceeds the initial level on any observation date. If not called, principal repayment at maturity depends on the final level relative to a downside threshold, and investors may suffer partial or total loss of principal. The estimated initial value range on the trade date is stated as $9.42 to $9.67 per Note. All payments are subject to UBS credit risk.

UBS AG priced a preliminary offering for Airbag Autocallable Yield Notes linked to the common stock of Arista Networks, Inc. The notes have a principal amount of $1,000 per note, a term of about one year (trade date June 10, 2026, maturity June 14, 2027) and an automatic call feature on observation dates. Coupons are payable monthly; a representative coupon rate shown in the examples is 12.98% per annum and a sample monthly coupon equals $10.8167. If not called and the final level is below the conversion level, holders receive a share delivery amount (shares plus cash for fractional shares), which can result in substantial principal loss. The preliminary estimated initial value range is $952.00 to $977.00 per note, per UBS’ internal models. Payment obligations are subject to UBS credit risk.

UBS AG offers $100,000 Trigger Autocallable Contingent Yield Notes linked to Salesforce common stock due June 12, 2029. The Notes pay periodic contingent coupons only if the underlying closes at or above a coupon barrier on observation dates and are automatically called early if the underlying closes at or above the initial level on any observation date prior to maturity. 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 below, you receive $10 x (1 + underlying return), which can result in a substantial loss up to the full principal. Payments depend on UBS creditworthiness. Trade date is June 10, 2026, settlement June 12, 2026, final valuation date June 8, 2029.

UBS AG offers preliminary terms for $• Trigger Autocallable Contingent Yield Notes linked to the common stock of NVIDIA Corporation, maturing on or about December 13, 2027. The Notes pay periodic contingent coupons only if the underlying closes at or above a coupon barrier on observation dates and will autocall early if the underlying closes at or above the initial level on any observation date. If not called, principal repayment at maturity is contingent: full principal is paid if the final level is at or above the downside threshold; if the final level is below that threshold, principal is reduced pro rata to the underlying return, potentially resulting in substantial loss, including total loss. Trade date is June 10, 2026 with expected settlement June 12, 2026. The preliminary range for the estimated initial value is $9.44 to $9.69 per Note; minimum purchase is 100 Notes (principal $1,000). All payments are subject to the creditworthiness of UBS.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Dow Inc. The Notes mature on June 12, 2029 and carry periodic contingent coupons payable only if the underlying stock closes at or above a coupon barrier on specified observation dates. The Notes will be automatically called early if the underlying closes at or above the initial level on any observation date, in which case holders receive principal plus the contingent coupon on the related call settlement date. If not called, repayment at maturity is contingent: full principal is returned only if the final level is at or above the downside threshold; if the final level is below that threshold, holders suffer a loss tied to the percentage decline in the underlying asset and could lose their entire investment. Trade date is June 10, 2026 with expected settlement June 12, 2026. Minimum investment is 100 Notes at $10 per Note. UBS states the estimated initial value range as $9.26 to $9.51 per Note and warns that any payment is subject to UBS credit risk.

UBS AG offers $750,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Zscaler, Inc. The Notes pay contingent coupons only if the underlying stock meets the coupon barrier on observation dates and may be automatically called early if the underlying equals or exceeds the initial level on any observation date prior to the final valuation date. If not called, principal 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, investors suffer a loss equal to the percentage decline in the underlying, potentially losing the entire investment. The Notes mature on June 12, 2029 and have an estimated initial value of $9.73 per $10 Note.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Accenture plc due June 12, 2028. The Notes pay contingent coupons only if the underlying closes at or above a coupon barrier on observation dates and will be automatically called early if the underlying closes at or above the initial level on any prior observation date. If not called, repayment at maturity is contingent: full principal is repaid only if the final level is at or above the downside threshold; otherwise principal is reduced proportionally to the underlying return and you can lose a substantial portion or all of your investment. Payments depend on UBS’s creditworthiness. Trade and settlement dates begin June 10–12, 2026; final valuation and maturity occur in June 2028.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Zscaler, Inc. The preliminary pricing supplement dated June 10, 2026 sets trade and settlement conventions: trade date June 10, 2026 and settlement date June 12, 2026. The Notes pay periodic contingent coupons only if the underlying's closing level on an observation date meets or exceeds the coupon barrier; they are automatically called early if the underlying meets or exceeds the initial level on an observation date. At maturity on or about June 12, 2029, principal is returned only if the final level is at or above the downside threshold; if below, repayment equals $10 x (1 + underlying return), which can result in substantial principal loss.

The Notes have a principal amount per Note of $10, an illustrative contingent coupon rate of 18.31% per annum (contingent coupon $0.4578 per $10 Note), an illustrative downside threshold and coupon barrier of $60.00 (60.00% of the initial level), and an estimated initial value range of $9.35 to $9.60. Payments depend on UBS creditworthiness. The final terms will be set on the trade date.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Salesforce, Inc. with a trade date of June 10, 2026, expected settlement on June 12, 2026, a final valuation date of June 8, 2029 and maturity on June 12, 2029. The notes pay a contingent coupon only when the underlying closing level on an observation date is at or above the coupon barrier and will autocall early if the underlying closes at or above the initial level on any observation date prior to maturity. If not called and the final level is below the downside threshold, principal repayment at maturity is reduced proportionally to the underlying return, potentially causing substantial or total loss of principal. Estimated initial value is between $9.36 and $9.61 per $10 note and the example contingent coupon rate shown is 13.62% per annum. All payments are subject to UBS's creditworthiness.

UBS AG priced a preliminary pricing supplement for $• Trigger Autocallable Contingent Yield Notes linked to Accenture plc, with trade date June 10, 2026, settlement June 12, 2026 and maturity on or about June 12, 2028.

The Notes pay periodic contingent coupons only if the underlying stock meets a coupon barrier on observation dates, are subject to an automatic call if the underlying equals or exceeds the initial level on an observation date, and repay principal at maturity only when the final level is at or above a disclosed downside threshold; otherwise principal is contingent on the underlying return and full loss of principal is possible. The preliminary estimated initial value per $10 Note is between $9.38 and $9.63; minimum purchase is 100 Notes ($1,000).

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of American Airlines Group Inc. The Notes pay a contingent coupon only if the underlying stock closes at or above the coupon barrier on each observation date and will automatically call early if the underlying closes at or above the initial level on any observation date prior to the final valuation date. If not called, principal is repaid at maturity only if the final level is at or above the downside threshold; otherwise principal is reduced in proportion to the underlying return, and you could lose a significant portion or all of your investment. Payments are subject to UBS credit risk. The Notes mature on June 12, 2028, have a principal amount of $10 per Note in the examples, and an estimated initial value of $9.73 as of the trade date.

UBS AG offers Trigger Autocallable Contingent Yield Notes linked to the common stock of American Airlines Group Inc., due on or about June 12, 2028. The Notes have a $10 principal amount per Note, a trade date of June 10, 2026 and an expected settlement date of June 12, 2026. The Notes may pay periodic contingent coupons only if the underlying stock closes at or above specified coupon barriers on observation dates; they will autocall early if the underlying closes at or above the initial level on any observation date. If not called, principal at maturity is contingent on the final level relative to a downside threshold, and investors may lose a significant portion or all of their investment. The estimated initial value range on the trade date is $9.43 to $9.68 per Note. All payments are subject to the creditworthiness of UBS AG.

UBS AG offers Capped Leveraged Buffered S&P 500® Index-Linked Medium-Term Notes that pay no interest and return a cash amount at maturity tied to the S&P 500 performance measured from the trade date to a determination date expected 19–22 months later. The notes feature a 130.00% upside participation rate, a buffer that protects the first 12.50% of declines (buffer level = 87.50% of the initial level) and a cap that will be set on the trade date (expected between 115.78% and 118.56%). The maximum settlement amount is expected between $1,205.14 and $1,241.28 per $1,000 face amount. Estimated initial value is expected between $967.00 and $997.00 per $1,000 face amount. Holders assume UBS credit risk and may lose their entire investment if the final underlier level falls below the buffer.

UBS AG offers Trigger Autocallable Contingent Yield Notes linked to the common stock of The Boeing Company maturing on or about June 15, 2029. The notes pay quarterly contingent coupons only if observed closing levels meet the coupon barrier and can be automatically called early if the underlying meets the call threshold. Principal is repaid at maturity only if the final level is at or above the downside threshold; otherwise principal is reduced proportionally to the underlying return and investors may lose a significant portion or all of their investment. Preliminary terms show a contingent coupon rate range of 13.10% to 13.25% per annum, an issue price of $1,000.00 per note, an estimated initial value between $943.30 and $973.30, and an underwriting discount of $20.00 per note. Trade date and settlement are expected on June 12, 2026 and June 17, 2026, respectively.

UBS AG is offering $8,000,000 of Step Down Trigger Autocallable Notes linked to the least performing of the Russell 2000® Index and the EURO STOXX 50® Index. The Notes have a $1,000 principal per Note, trade date June 9, 2026, settlement June 12, 2026 and maturity June 12, 2031. UBS will automatically call the Notes on quarterly observation dates if each underlying asset is at or above its call threshold; the published call return rate is 10.50% per annum and the call thresholds step down beginning on the 5th observation date. If not called, repayment at maturity is contingent: if any underlying asset’s final level is below its downside threshold (75% of its initial level), holders incur a loss equal to the decline of the least performing underlying asset, potentially losing the entire investment. The pricing supplement shows an estimated initial value of $964.20 and proceeds to UBS of $7,756,000.

UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the Russell 2000® and S&P 500® indices. The notes have a $1,000 principal amount per note, a contingent coupon mechanism (coupon payable only if both indices meet coupon barriers on each observation date) and an issuer call feature (UBS may call the notes on quarterly observation dates beginning after six months). If not called, principal is repaid at maturity only if each underlying index is at or above a 70.00% downside threshold; otherwise repayment at maturity is reduced pro rata to the negative return of the least performing underlying asset, potentially resulting in total loss. Key dates include an expected trade date of June 26, 2026, final valuation date of June 26, 2029 and maturity of June 29, 2029. The estimated initial value range is $961.90 to $991.90 and any 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 and the S&P 500® Index due on or about May 23, 2028. The Notes pay a contingent coupon (example: 10.50% per annum) only when each underlying asset’s closing level on an observation date is at or above its coupon barrier. UBS may call the Notes monthly beginning after approximately six months. If not called and any final level is below its downside threshold (example: 60.00% of initial level), principal repayment at maturity can be reduced pro rata to the loss in the least performing underlying asset. The document shows an estimated initial value range of $958.60 to $988.60 and an illustrative issue price per Note of $1,000.00 with proceeds to UBS of at least $992.75 per Note. The offering is preliminary and final terms will be set on the strike date and in the final pricing supplement.

UBS AG offers Trigger Autocallable Contingent Yield Notes linked to the least performing of the S&P 500® Index, the State Street® Energy Select Sector SPDR® ETF (XLE) and the State Street® Technology Select Sector SPDR® ETF (XLK). The Notes have a principal amount of $1,000 per Note, a contingent coupon rate of 15.65% per annum and monthly observation dates (callable after 12 months). If all underlying assets meet coupon barriers on an observation date, a contingent coupon is payable; if all meet call thresholds on an observation date (beginning after 12 months), UBS will automatically call the Notes and pay principal plus any contingent coupon. At maturity (on or about June 22, 2029), if the Notes are not called and the final level of any underlying asset is below its downside threshold, repayment may be less than principal and could result in a substantial loss or total loss of principal. Payments are subject to UBS credit risk. Trade and settlement dates are set to occur in June 2026 and final terms will be set on the trade date.