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

UBS AG offers Airbag Yield Notes linked to the common stock of Dell Technologies Inc. The Notes pay a coupon on each coupon payment date regardless of the underlying's performance and mature on or about June 4, 2027. The Notes provide contingent repayment of principal at maturity only if the final level is equal to or greater than a downside threshold; if the final level is below that threshold, principal repayment is reduced and investors lose approximately 1.3333% of principal for each 1% decline of the underlying in excess of the threshold. Trade date is June 2, 2026 with expected settlement on June 4, 2026. Minimum investment is 100 Notes at $10 per Note. The preliminary pricing supplement indicates an estimated initial value between $9.48 and $9.73 and a quoted coupon around 19.46% per annum.

The issuer UBS AG is offering $3,085,000 of Contingent Income Auto-Callable Securities due June 1, 2029 linked to the common stock of CVS Health Corporation. Each security has a $1,000 stated principal amount and pays a contingent payment of $25.625 (equivalent to 10.25% per annum) on specified contingent payment dates if the underlying closing price is at or above $59.14 (the downside threshold, 65.00% of the initial price) on each determination date. If the underlying closing price is at or above the call threshold ($90.98) on any determination date (other than the final determination date), the securities will be automatically redeemed early for the stated principal plus the contingent payment. If not redeemed early and the final price is below the downside threshold, holders will receive a cash value based on the exchange ratio and final price and may incur substantial losses, including loss of principal. All payments depend on UBS’s creditworthiness. The estimated initial value on the pricing date was $964.30, below the issue price of $1,000.00 per security.

UBS AG is offering $16,596,000 of Contingent Income Auto-Callable Securities with Memory Coupon linked to MetLife, Inc. common stock. Each security has a stated principal amount of $1,000 and an issue price of $1,000 per security. The securities pay a contingent payment of $25.75 per security (equivalent to 10.30% per annum) on specified contingent payment dates only if the underlying closing price on the related determination date is equal to or greater than the downside threshold level of $57.88 (70.00% of the initial price). If the underlying equity meets or exceeds the call threshold level of $82.69 (100.00% of the initial price) on a determination date (other than the final determination date), the securities will be redeemed early for the stated principal plus the contingent payment(s). If not called and the final price is below the downside threshold, UBS will deliver cash in lieu of shares and investors will receive the cash value, exposing them to potential loss of a significant portion or all of their initial investment. The securities mature on June 1, 2029, subject to postponement for certain market disruption events.

UBS AG is offering Buffer Autocallable Contingent Yield Notes with Memory Interest linked to the least performing of the VanEck Gold Miners ETF (GDX) and the State Street Energy Select Sector SPDR ETF (XLE), maturing on or about June 29, 2028. The Notes pay a contingent coupon of 12.75% per annum when, on an observation date, the closing level of each underlying asset is at or above its coupon barrier; unpaid contingent coupons may be paid later under the memory interest feature. The Notes are callable monthly after ~6 months if both underlyings meet their call threshold (100% of initial level); at maturity principal is repaid in full only if each final level is at or above its 80% downside threshold otherwise principal is reduced by the percentage the least performing underlying is below its initial level in excess of the 20% buffer. The issue price is $1,000 per Note; the estimated initial value range is $927.10–$957.10. Payments depend on UBS creditworthiness; these Notes are unsecured, not FDIC insured and are not listed on an exchange.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Norwegian Cruise Line Holdings Ltd. The preliminary pricing supplement sets the terms for notes that pay a 20.30% per annum contingent coupon if monthly observation-date barriers are met and that are callable monthly beginning after approximately three months.

The notes mature on June 8, 2028 with a final valuation date of June 5, 2028. Payments (including contingent coupons and any principal repayment at maturity) depend on the closing level of the underlying on observation dates and on UBS' creditworthiness. The issue price per Note is $1,000.00; estimated initial value on the trade date is between $943.50 and $973.50. The underwriting discount is $17.50 per Note and proceeds to UBS per Note are $982.50.

UBS AG is offering Capped Leveraged Buffered Nasdaq-100 Index®-Linked Medium-Term Notes with a term expected to be between 17 and 20 months. Each note has a $1,000 face amount and pays no interest. The notes provide 150.00% upside participation in positive Underlier returns up to a cap (cap level expected between 114.65% and 117.18% of the initial underlier level) and a maximum settlement amount expected to be between $1,219.75 and $1,257.70 per $1,000 face amount.

If the final underlier level is between the initial level and a 10.00% decline, holders receive the face amount at maturity; if the final underlier level declines by more than 10.00%, holders incur leveraged losses of approximately 1.1111% of face amount for each 1% decline beyond the buffer and could lose their entire investment. The estimated initial value on the trade date is expected to be between $950.10 and $980.10 per $1,000 face amount; the issue price is 100.00% of face amount and includes an underwriting discount of 1.51%.

UBS AG offers $3,799,000 principal of 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 Notes pay a contingent coupon (11.75% per annum stated for the Dow leg) only when each underlying meets its coupon barrier on an observation date and are callable monthly at UBS’s discretion beginning after three months. If UBS calls the Notes early the holder receives principal plus any contingent coupon due on the call settlement date; if the Notes are held to maturity and the final level of any underlying is below its 60.00% downside threshold, the principal repayment will be reduced based on the percentage decline of the least performing underlying asset (in extreme cases, loss of all principal). The issue price per Note is $1,000.00, the estimated initial value as of the trade date is $986.00, the underwriting discount is $7.00 per Note, and proceeds to UBS are stated as $3,772,407.00.

UBS AG is offering Trigger Autocallable Contingent Yield Notes with Memory Interest linked to ServiceNow, Inc. common stock. The offering totals $328,000 with a $1,000 principal per Note, a contingent coupon rate of 21.65% per annum, an initial level of $135.86, a call threshold of $135.86 (100% of initial) and a downside threshold of $81.52 (60% of initial). The Notes pay contingent coupons only if observation-date levels meet the coupon barrier and are callable monthly beginning after three months; at maturity payment of principal is contingent on the final level relative to the downside threshold. All payments are subject to UBS credit risk and the estimated initial value per Note on the trade date was $967.30. The Notes mature on June 4, 2027.

UBS AG proposes Trigger Callable Contingent Yield Notes linked to the least performing of the S&P 500®, Russell 2000® and Nasdaq-100® due on or about July 6, 2029. The notes pay a contingent coupon of 12.00% per annum only if each underlying is at or above its coupon barrier on an observation date; otherwise no coupon is paid. UBS may call the notes monthly beginning after three months. If not called, principal at maturity is repaid only if each final level is at or above its downside thresholds (70%); otherwise repayment is reduced in proportion to the least performing underlying asset and you could lose a significant portion or all of your investment.

UBS AG is offering Buffer Callable Contingent Yield Notes linked to the least performing of the Nasdaq-100, Russell 2000 and S&P 500. The offering totals $1,390,000 in $1,000 principal notes with a stated contingent coupon rate of 11.50% per annum. Trade date is June 1, 2026, settlement June 4, 2026, final valuation November 29, 2027 and maturity December 2, 2027. Notes pay the contingent coupon only if each underlying is at-or-above its coupon barrier on an observation date (monthly); otherwise no coupon is paid. UBS may call the notes in whole on observation dates beginning after three months. At maturity, principal is returned only if each underlying is at-or-above its downside threshold; otherwise principal is reduced based on the percentage shortfall of the least performing underlying in excess of a 15.00% buffer. The estimated initial value per note is $989.00. All payments are subject to UBS credit risk and there may be little or no secondary market.

UBS AG is offering preliminary terms for Trigger Callable Contingent Yield Notes linked to the least performing of the S&P 500® Index, the Russell 2000® Index and the Nasdaq-100® Technology Sector, with a scheduled maturity on or about June 6, 2028. The notes pay a contingent coupon only when each underlying closing level on an observation date meets its coupon barrier and are callable at UBS’ discretion on monthly observation dates beginning after three 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 is below its downside threshold you may lose a percentage of principal equal to the decline of the least performing underlying asset, potentially all principal. The preliminary per-Note issue price is $1,000.00 with estimated initial value between $954.20 and $984.20 and a stated contingent coupon rate of 10.65% per annum; underwriting compensation and final terms will be set in the final pricing supplement.

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 the Nasdaq-100® Technology Sector. The preliminary pricing supplement dated June 2, 2026 describes notes with a $1,000 issue price per note, an illustrative contingent coupon rate of 8.50% per annum, monthly observation dates and an expected maturity on or about May 30, 2028.

The notes pay contingent coupons only if each underlying closing level on an observation date meets its coupon barrier (coupon barrier shown as 70.00% of initial level) and expose holders to loss of principal at maturity if any underlying's final level is below its downside threshold (60.00% of initial level). UBS may call the notes monthly beginning after three months. The estimated initial value range is $939.30 to $969.30.

UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the S&P 500®, Russell 2000® and Nasdaq-100, with a stated contingent coupon of 11.00% per annum and an expected maturity on or about July 6, 2029. The notes are callable monthly by UBS beginning after approximately three months; if called you receive principal plus any contingent coupon payable to the call settlement date. If not called, repayment at maturity depends on the final levels of the underlying indices: full principal is returned only if each final level is equal to or above its downside threshold (60.00% of initial level); otherwise repayment is reduced proportionally to the decline of the least performing underlying asset, and you could lose a significant portion or all of your investment. The estimated initial value range is $953.30 to $983.30 and the issue price is $1,000.00 per Note. Terms will be finalized on the strike date and in the final pricing supplement.

UBS AG is offering Buffer Callable Contingent Yield Notes linked to the least performing of the S&P 500® Index and the Russell 2000® Index, due on or about April 6, 2029. The notes pay a contingent coupon of 11.30% per annum only if each underlying closes at or above its coupon barrier on observation dates; otherwise no coupon is paid. The issuer may call the notes monthly beginning after approximately six months, in which case holders receive principal plus any contingent coupon due on the call settlement date. If the issuer does not call the notes and the final level of any underlying is below its downside threshold (set at 85.00% of initial level), principal at maturity will be reduced by the underperformance of the least performing underlying in excess of the 15% buffer. The estimated initial value range is $958.60 to $988.60 per $1,000 note, and the issue price is $1,000.00 per note (underwriting discount $5.00). The notes are unsecured obligations of UBS and repayment depends on UBS creditworthiness.

UBS AG priced a preliminary offering of Capped Buffer Contingent Absolute Return Securities linked to the least performing of the Dow Jones Industrial Average and the S&P 500, with final terms to be set on the trade date.

The Securities have a $1,000 principal per Security, a 15.00% buffer, a 12.75% maximum upside gain, expected trade and settlement on June 25, 2026 and June 30, 2026, and a maturity on December 30, 2027. Estimated initial value is between $936.70 and $966.70; issue price and underwriting compensation will be shown in the final pricing supplement. The payout at maturity depends on the least performing underlying asset, is subject to the buffer and cap mechanics described herein, and is unsecured and subject to UBS credit risk.

UBS AG is offering Barrier Market Linked Notes with Daily Barrier Observation linked to gold due December 7, 2027. The notes are unsecured debt of UBS whose maturity payment depends on the gold spot price relative to an upper barrier equal to the initial price plus 30.00%. If a barrier event occurs on any observation day, holders receive principal plus a 5.00% conditional return. If no barrier event occurs and the final price exceeds the initial price, holders receive principal plus the underlying return limited to a 30.00% maximum gain (maximum payment per Note: $1,300.00). If no barrier event occurs and the final price is equal to or below the initial price, holders receive only principal ($1,000). Trade date is June 2, 2026, settlement June 5, 2026, final valuation December 2, 2027, maturity December 7, 2027. The issue price includes an underwriting discount of $20.00 per Note; estimated initial value range is $946.30 to $976.30. 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®, Russell 2000® and Nasdaq-100, with final maturity on or about January 6, 2028. The notes pay a contingent coupon only when each underlying meets its coupon barrier on observation dates and are callable monthly by UBS beginning after three months. If UBS does not call the notes and the final level of any underlying asset is below its 70.00% downside threshold, principal repayment at maturity will be reduced proportionally to the decline in the least performing underlying asset, possibly resulting in loss of all principal. The preliminary per-note issue price is $1,000, the estimated initial value range is $955.50–$985.50, and an underwriting discount of up to $7.25 per note will apply. The notes are unsecured obligations of UBS and payments depend on UBS' creditworthiness.

UBS AG offers Capped Buffer Securities linked to the S&P 500® Index with an expected term of approximately 12 months ending on July 7, 2027. Each Security has a principal amount of $1,000, a 15.00% buffer and a stated minimum maximum gain of 12.30; final terms (including the exact maximum gain and initial level) will be set on the trade date and reflected in the final pricing supplement.

The payout at maturity depends on the underlying return relative to the downside threshold: positive returns pay principal plus the lesser of the underlying return and the maximum gain (capped), returns above the buffer but below the downside threshold return principal, and large negative returns below the downside threshold produce losses in excess of the buffer. Estimated initial value is between $961.40 and $991.40 per Security; proceeds to UBS are shown as $995.00 per Security.

UBS AG is offering $1,334,000 of Trigger Autocallable Contingent Yield Notes due June 1, 2029 linked to the least performing of the VanEck® Gold Miners ETF (GDX) and the Nasdaq-100® Technology Sector (NDXT). The Notes pay a contingent coupon only when both underlyings meet coupon barriers on observation dates and are subject to monthly automatic calls beginning ~6 months after issuance.

The stated contingent coupon for GDX is 13.60% per annum. Key levels: GDX initial $89.49 (call threshold 100%, downside 50%, coupon barrier 70%); NDXT initial 17,450.41 (call threshold 100%, downside 50%, coupon barrier 70%). The issue price is $1,000 per Note (total $1,334,000); estimated initial value was $955.10. Payments (including principal) depend on UBS creditworthiness; if not called and an underlying’s final level is below its downside threshold, principal can be reduced, potentially to zero.

UBS AG offers Capped Buffer Contingent Absolute Return Securities linked to the least performing of the Dow Jones Industrial Average and the S&P 500. Each Security has a $1,000 principal and an approximately 18‑month term: trade date June 30, 2026, settlement July 6, 2026, final valuation date December 30, 2027 and maturity January 4, 2028. Payment at maturity depends on the least performing underlying return: a positive least performing return yields up to a 18.25% cap (maximum payment $1,182.50); a zero or negative least performing return may produce a capped contingent absolute return up to 15.00% (maximum payment $1,150.00) if the final level is at or above the downside thresholds (each equal to 85.00% of its initial level). If the least performing underlying final level is below its downside threshold, holders suffer principal losses beyond the 15.00% buffer and could lose almost all principal. The estimated initial value range is $951.60 to $981.60, and the underwriting discount is $7.25 per Security.

The issuer UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the S&P 500®, Russell 2000® and Nasdaq-100®, maturing on or about July 2, 2029. The notes pay a contingent coupon only when each underlying closes at or above its coupon barrier on an observation date; otherwise no coupon is paid. UBS may call the notes monthly beginning after approximately six months; if not called and any final level is below its downside threshold, principal repayment will be reduced by the percentage decline of the least performing underlying asset, potentially resulting in substantial loss, including loss of all principal. The preliminary issue price is $1,000 per Note and the estimated initial value range is $934.40 to $964.40. Key terms such as the contingent coupon rate, coupon barriers (75.00% of initial level) and downside thresholds (70.00% of initial level) will be finalized on the strike date and shown on the final pricing supplement.

UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the S&P 500® Index and the Nasdaq-100® Technology Sector, due on or about July 6, 2029. The Notes pay a 11.15% per annum contingent coupon only when each underlying asset meets its coupon barrier on an observation date and are callable monthly by UBS beginning after six months. If not called, repayment at maturity depends on whether each underlying asset is at or above a 70.00% downside threshold; if any underlying asset is below its threshold at final valuation, principal is reduced pro rata to the decline of the least performing underlying asset. The issue price is $1,000.00 per Note and the estimated initial value range is $953.70 to $983.70. The Notes are unsecured obligations of UBS and subject to UBS credit risk and limited secondary market liquidity.

UBS AG is offering Trigger Autocallable Yield Notes linked to the common stock of Zscaler, Inc. The Notes pay a fixed coupon of 16.65% per annum in monthly installments, are callable monthly beginning after 12 months if the underlying meets the call threshold, and mature June 6, 2028.

The initial level (strike) is $155.71; the call threshold equals $155.71 (100% of the initial level) and the downside threshold equals $77.86 (50% of the initial level). At maturity holders face contingent repayment of principal tied to the final level and are exposed to UBS credit risk. The estimated initial value on the trade date was between $952.30 and $982.30; the issue price per Note is $1,000.

UBS AG is offering Capped Buffer Securities linked to the S&P 500® Index due on or about July 7, 2027. Each Security has a $1,000 principal amount and a 10.00% buffer: if the final level is at or above the downside threshold you receive your principal at maturity; if the underlying return is positive you participate up to a 15.00% maximum gain. Payments and any principal repayment depend on UBS’ creditworthiness. The preliminary estimated initial value range is $961.40 to $991.40.

UBS AG offers Trigger Callable Contingent Yield Notes linked to the least performing of the S&P 500®, Russell 2000® and Nasdaq-100®, with terms set in a final pricing supplement.

The Notes pay a contingent coupon of 9.05% per annum only if each underlying closes at or above its coupon barrier on an observation date; issuer call rights begin monthly after ~3 months. If not called and any final underlying level is below its downside threshold of 70.00% of initial level, principal repayment at maturity will be reduced pro rata to the percentage decline of the least performing underlying asset. The issue price per Note is $1,000.00 and estimated initial value is between $942.60 and $972.60.

The issuer UBS AG is offering Buffer Callable Contingent Yield Notes linked to the least performing of the Dow Jones Industrial Average, the Russell 2000 and shares of the State Street Technology Select Sector SPDR ETF (XLK). The offering totals $10,155,000 at an issue price of $1,000 per Note with an estimated initial value of $987.40. Notes mature on June 1, 2029, are callable by UBS beginning after three months on monthly observation dates, and provide a 20.00% downside buffer and a contingent coupon of 13.30% per annum payable only if all underlying assets meet coupon barriers on an observation date. Payments, including any principal repayment, are subject to UBS credit risk.

UBS AG is offering Capped Buffer Securities linked to the S&P 500® Index with $1,758,000 aggregate issue price. The securities have a $1,000 principal per security, a 15.00% buffer (downside threshold 6,443.05), a 12.20% maximum gain (maximum payment $1,122.00) and mature on June 4, 2027. The estimated initial value per security is $991.60, below the issue price. Payments at maturity depend on the final S&P 500 level relative to the initial level (7,580.06) and are subject to UBS credit risk.

UBS AG offers Buffer Callable Contingent Yield Notes linked to the least performing of the S&P 500®, Russell 2000® and Nasdaq-100® with a stated aggregate issue price of $256,000.00. The Notes pay a contingent coupon of 8.50% per annum only if each underlying asset meets its coupon barrier on an observation date and are callable by UBS quarterly beginning after six months.

The Notes return principal at maturity only if each final level is at or above its downside threshold (70% of initial level); otherwise holders suffer a percentage loss equal to the shortfall of the least performing underlying asset in excess of the 15% buffer. Estimated initial value on the trade date was $976.80 per Note and proceeds to UBS are shown as $252,160.00 in this excerpt. All payments are subject to UBS credit risk.

UBS AG offers $3,383,000 of Trigger Callable Contingent Yield Notes linked to the least performing of the Dow Jones Industrial Average®, the Nasdaq-100® Technology Sector and the Russell 2000® Index, with a contingent coupon rate of 12.25% per annum and maturity on June 1, 2029. The notes are callable by UBS on monthly observation dates beginning after three months; if called, holders receive principal plus any contingent coupon due on the call settlement date.

The notes pay contingent coupons only when each underlying asset closes at or above its coupon barrier on an observation date and repay principal at maturity only if each underlying asset is at or above its downside threshold. If the final level of the least performing underlying asset is below its downside threshold, the maturity payment will be reduced by that asset’s percentage loss, potentially resulting in loss of a significant portion or all of the initial investment. The estimated initial value on the trade date was $985.80 per $1,000 note; issue price is $1,000 per note. Payments depend on UBS’ creditworthiness.

UBS AG offers Trigger Callable Contingent Yield Notes linked to the least performing of the Dow Jones Industrial Average®, the Russell 2000® Index and the Nasdaq-100® Technology Sector, with an aggregate issue price of $4,539,000 and an issue price of $1,000.00 per Note.

The Notes pay a 13.00% per annum contingent coupon only when each underlying asset meets its coupon barrier on observation dates; they are callable monthly by UBS beginning after three months. If not called and any final level is below its 70.00% downside threshold, principal repayment at maturity is reduced proportionally to the decline of the least performing underlying asset. The estimated initial value per Note was $988.30.

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. The offering totals $1,335,000 at an issue price of $1,000 per Note with an estimated initial value of $987.90. The Notes pay a monthly contingent coupon of $9.25 (an 11.10% per annum rate) only if all three underlying assets meet their coupon barriers on each coupon observation date. UBS may call the Notes on quarterly call dates; if not called, maturity is June 2, 2028 with final valuation on May 30, 2028. At maturity repayment of principal is contingent: if any underlying asset is below its downside threshold, holders suffer a loss equal to the negative return of the least performing underlying asset and could lose all principal. All payments are subject to UBS credit risk and limited secondary-market liquidity.

UBS AG offers Trigger Callable Contingent Yield Notes linked to the least performing of the S&P 500, Russell 2000 and Dow Jones Industrial Average due May 31, 2030. The offering size is $265,000 (1,000 notes at $1,000 each) with a contingent coupon of 9.75% per annum and an estimated initial value of $990.20.

The notes pay a contingent coupon only if each underlying closes at or above its coupon barrier on an observation date, are callable by UBS monthly beginning after six months, and repay principal at maturity only if each final level is at or above its downside threshold (60% of initial levels). If any final level is below its downside threshold, holders incur a loss tied to the least performing underlying asset; in extreme cases investors could lose all principal. Payments are subject to UBS credit risk and the notes will not be listed.

UBS AG is offering $365,000 principal of Trigger Callable Contingent Yield Notes due December 4, 2030, linked to the least performing of the S&P 500 Index, Russell 2000 Index and shares of the State Street Consumer Staples Select Sector SPDR ETF (XLP). The Notes pay a contingent coupon of 9.90% per annum only if each underlying meets its coupon barrier on an observation date; otherwise no coupon is paid.

The Notes are issuer-callable monthly beginning after three months; if called UBS pays principal plus any contingent coupon due. If not called and the final level of any underlying is below its downside threshold (60.00% of initial level), principal is reduced pro rata to the percentage decline of the least performing underlying, potentially causing a total loss. The issue price is $1,000 per Note, the estimated initial value is $987.30, and proceeds to UBS are $995.00 per Note after a $5.00 underwriting discount per Note.

UBS AG is offering Trigger Callable Contingent Yield Notes totaling $2,961,000. The Notes are unsecured debt linked to the least performing of the Dow Jones Industrial Average®, the Russell 2000® Index and the Nasdaq-100® Technology Sector and pay a contingent coupon of 9.60% per annum only when each underlying meets its coupon barrier on an observation date. UBS may call the Notes monthly beginning after approximately six months; if not called, repayment at maturity depends on the final levels relative to downside thresholds (65% of initial levels). The estimated initial value per Note was $966.70, and the issue price is $1,000 per Note.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Vertiv Holdings Co stock with final maturity on June 5, 2028. The Notes pay contingent periodic coupons only if the underlying's closing level on an observation date meets or exceeds the coupon barrier and are automatically called early if the underlying reaches or exceeds the initial level on any quarterly observation date (beginning ~6 months after trade). If not called, principal is repaid at maturity only if the final level is equal to or above a stated downside threshold; if the final level is below that threshold, principal repayment is reduced proportionally to the underlying return and investors can lose a substantial portion or all of their principal. Payments depend on UBS's creditworthiness.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Vertiv Holdings Co stock due on or about June 5, 2028. The Notes pay contingent quarterly coupons only if the underlying meets a coupon barrier and may be automatically called quarterly beginning after six months if the underlying equals or exceeds the initial level. If not called, principal repayment at maturity is contingent: if the final level is at or above the downside threshold you receive $10 per Note; if below, you receive $10 multiplied by (1 + underlying return), which can result in a substantial loss or total loss of principal. Payments depend on UBS creditworthiness. Trade date is June 1, 2026 with settlement expected June 3, 2026; final valuation date is June 1, 2028.

UBS AG is offering Trigger Autocallable Notes linked to the least performing of the Dow Jones Industrial Average®, the Russell 2000® and the S&P 500®. The offering totals $12,633,000 in principal at $1,000 per Note and has an approximate five-year term unless the Notes are automatically called earlier. The Notes pay no interest; instead they feature quarterly observation dates and an automatic call if each index equals or exceeds its call threshold on an observation date. The call return increases the longer the Notes remain outstanding (cover shows a 10.25% per annum call return rate and a final call price of $1,512.50 at maturity). If not called, repayment at maturity is contingent: full principal is paid only if each index is at or above its downside threshold; otherwise repayment is reduced pro rata based on the percentage decline of the least performing index. All payments are subject to UBS credit risk; the prospectus warns investors they may lose a significant portion or all of their investment.

UBS AG is offering $2,521,000 of Trigger Autocallable Contingent Yield Notes linked to the least performing of the S&P 500® Index and the Russell 2000® Index. The Notes pay semiannual 8.15% contingent coupons (memory feature) if both underlyings meet coupon barriers on observation dates, may autocall early, and mature on June 1, 2029. Principal repayment at maturity is contingent: if any underlying is below its 70.00% downside threshold, the holder bears the loss equal to the decline of the least performing underlying. Payments are unsecured obligations of UBS and subject to UBS credit risk.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Dow Inc. common stock due June 4, 2029. The Notes pay a periodic contingent coupon only if the underlying closing level on an observation date is at or above the coupon barrier; otherwise no coupon is paid. The Notes will be automatically called early if the underlying 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, repayment at maturity is contingent: if the final level is at or above the downside threshold you receive principal; if below the downside threshold you receive a reduced cash payment equal to $10 multiplied by (1 + underlying return), which can result in a loss of up to the full principal. Payments are subject to UBS credit risk. Trade date is June 1, 2026 with expected settlement June 3, 2026, final valuation date May 31, 2029 and maturity June 4, 2029. The Notes are offered in minimum increments of 100 Notes ($1,000) and had an estimated initial value of $9.58 on the trade date.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Spotify Technology S.A. The notes pay periodic contingent coupons only if the underlying stock meets a coupon barrier on observation dates and may be automatically called early if the stock 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; a final level below that threshold results in a pro rata loss tied to the underlying return, potentially losing the entire investment. Key disclosed terms: $10 principal per note, estimated initial value $9.71, contingent coupon rate 19.69% per annum (example contingent coupon $0.4923 per $10 note), downside threshold $70.00 (70% of initial level), trade date June 1, 2026, settlement June 3, 2026, final valuation date May 31, 2029, maturity June 4, 2029, minimum investment 100 notes.

The notes are unsecured obligations of UBS and any payment, including principal, is subject to UBS credit risk. The offering materials emphasize significant market and credit risk, limited liquidity, and that the notes are not equivalent to owning the underlying stock.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Lennar Corporation Class A common stock due June 4, 2029. The Notes pay periodic contingent coupons only if the underlying closing level meets a coupon barrier on observation dates and may be automatically called early if the underlying reaches the initial level on any observation date prior to final valuation.

If not called, principal repayment at maturity is contingent: if the final level is at or above the downside threshold you receive the $10 principal; if below, repayment is reduced pro rata to the underlying return and you may lose a substantial portion or all of your investment. All payments are subject to UBS creditworthiness. Trade Date is June 1, 2026; Settlement Date is June 3, 2026; Final Valuation Date is May 31, 2029; Maturity Date is June 4, 2029. The estimated initial value was $9.67 per Note.

UBS AG priced a preliminary offering for Trigger Autocallable Contingent Yield Notes linked to the common stock of Dow Inc. The notes have a trade date of June 1, 2026, expected settlement June 3, 2026, final valuation date on May 31, 2029 and maturity on June 4, 2029. Each Note has a principal amount of $10. The securities pay a periodic contingent coupon only if the underlying closes at or above a coupon barrier on observation dates and include an automatic call if the underlying closes at or above the initial level on an observation date. If the Notes are not called and the final level is below the downside threshold, repayment at maturity will be reduced pro rata (for example, a hypothetical outcome shows a $4.20 payment per $10 Note). Any payments, including principal, depend on UBS’s creditworthiness. The preliminary pricing range shows an estimated initial value of $9.24–$9.49 per Note.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Freeport-McMoRan Inc. due June 4, 2029. The Notes pay periodic contingent coupons only if the underlying stock meets coupon-barrier tests on observation dates and may be automatically called early if the underlying equals or exceeds the initial level. 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 you could lose a significant portion or all of your investment. Payments are subject to UBS's creditworthiness. Trade date is June 1, 2026, settlement June 3, 2026, final valuation date May 31, 2029, and maturity June 4, 2029.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Spotify Technology S.A. The preliminary pricing supplement sets a trade date of June 1, 2026, expected settlement on June 3, 2026, a final valuation date of May 31, 2029 and a maturity date of June 4, 2029. Each Note has a principal amount of $10 and is sold in minimum blocks of 100 Notes (a $1,000 minimum investment). The Notes may pay periodic contingent coupons only if the closing level of Spotify meets or exceeds a coupon barrier on specified observation dates; they are automatically called if the closing level equals or exceeds the initial level on any 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, you may suffer a loss equal to the percentage decline in the underlying, potentially losing all principal. The preliminary document shows a hypothetical contingent coupon rate of 17.78% per annum (contingent coupon $0.4445 per $10 Note) and an estimated initial value range of $9.36 to $9.61. All payments are subject to UBS credit risk.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Corning Incorporated that mature on June 4, 2029. The notes pay a contingent coupon only if the underlying closing level on each observation date meets or exceeds a coupon barrier; they are automatically called early if the underlying meets or exceeds the initial level on any prior observation date. If not called and the final level is below the downside threshold, principal is contingent at maturity and may be reduced proportionally to the underlying return, with the potential loss of the entire principal. Trade date and settlement are June 1, 2026 and June 3, 2026. The notes have a principal amount of $10 per note, a minimum investment of 100 notes ($1,000), and an estimated initial value of $9.64 on the trade date. Payments, including repayment of principal, are subject to the credit risk of UBS.

UBS AG offers Trigger Autocallable Contingent Yield Notes linked to Lennar Corporation Class A common stock due on or about June 4, 2029. The Notes pay periodic contingent coupons only when the underlying stock on an observation date equals or exceeds a coupon barrier and may be automatically called early if the underlying equals or exceeds the initial level on an observation date. If not called, repayment of principal at maturity is contingent on the final level relative to a downside threshold and could result in a loss of principal up to the full amount.

The trade date is June 1, 2026 with expected settlement on June 3, 2026. Notes are offered in minimum blocks of 100 Notes at $10 per Note (a $1,000 minimum). The issuer estimates an initial value range of $9.31 to $9.56 per Note; final terms will be set on the trade date and all payments remain subject to the creditworthiness of UBS.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Lam Research Corporation common stock due June 5, 2028. The Notes pay a periodic contingent coupon only when the underlying closing level on an observation date is at or above the coupon barrier; otherwise no coupon is paid. The Notes will be automatically called early if the underlying closes at or above the initial level on any observation date, in which case holders receive principal plus any contingent coupon on the related coupon payment date. If not called, principal repayment at maturity is contingent: full principal is paid only if the final level is at or above the downside threshold; if the final level is below that threshold, holders suffer a loss tied to the percentage decline in the underlying, potentially losing all principal. Payments depend on UBS creditworthiness. Trade date is June 1, 2026, settlement June 3, 2026, final valuation date June 1, 2028 and maturity June 5, 2028. Minimum investment 100 Notes ($1,000); estimated initial value per Note $9.79.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Freeport-McMoRan Inc. The Notes mature on June 4, 2029 with a final valuation date of May 31, 2029.

The Notes pay a contingent coupon only if the underlying closing level meets the coupon barrier on observation dates and will autocall early if the underlying equals or exceeds 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 can be reduced in proportion to the underlying return; in extreme scenarios you could lose your entire investment. The offering is described in a preliminary pricing supplement dated June 01, 2026.

UBS AG published a preliminary pricing supplement for $• Trigger Autocallable Contingent Yield Notes linked to the common stock of Lam Research Corporation, due on or about June 5, 2028. The document sets key dates and illustrative economics while final terms will be set on the trade date.

The Notes have a principal amount of $10 per Note, an expected trade date of June 1, 2026, settlement on June 3, 2026, a final valuation date of June 1, 2028, and maturity on June 5, 2028. UBS estimates the initial value between $9.43 and $9.68 per Note and describes a high-risk payout: periodic contingent coupons (paid only if observation-level >= coupon barrier), an automatic early call if the underlying >= initial level on an observation date, and contingent principal repayment at maturity that can result in significant loss if the final level is below the downside threshold. All payments are subject to UBS credit risk.