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 Trigger Autocallable Contingent Yield Notes linked to the common stock of Corning Incorporated, with a trade date of June 1, 2026, an expected settlement date of June 3, 2026, a final valuation date of May 31, 2029, and an expected maturity of June 4, 2029. The Notes pay periodic contingent coupons only if the underlying stock closes at or above a coupon barrier on observation dates, and include an automatic call if the underlying equals or exceeds the initial level on any pre-final observation date. If not called and the final level is below the downside threshold, principal repayment at maturity can be less than the principal amount, equal to $10 × (1 + Underlying Return), exposing investors to full downside market loss tied to the underlying and to UBS credit risk. The Notes are offered in minimum increments of 100 Notes at $10 per Note; estimated initial value is between $9.28 and $9.53 per Note.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Arm Holdings plc ADRs due June 4, 2029. The Notes pay periodic contingent coupons only if the underlying ADR closing level on an observation date meets or exceeds a coupon barrier and will be automatically called early if the closing level on any quarterly observation date (beginning after 6 months) 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 a disclosed downside threshold; if the final level is below that threshold, principal repayment is reduced pro rata to the underlying return and investors can lose a significant portion or all of their investment. The Notes are unsecured obligations of UBS and payments depend on UBS's creditworthiness. Minimum investment is 100 Notes at $10 per Note; the estimated initial value on the trade date is $9.71 per Note.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Applied Materials common stock due June 5, 2028. The Notes pay periodic contingent coupons only if the underlying's closing level meets a coupon barrier on observation dates and will autocall early if the underlying equals or exceeds the initial level on an observation date. If not called, principal repayment at maturity is contingent: if the final level is at or above a downside threshold you receive the $10 principal; if below, you receive $10 × (1 + underlying return) and may lose a large portion or all of principal. Payments depend on UBS creditworthiness. Trade date is June 1, 2026 with settlement expected June 3, 2026. The estimated initial value on the trade date is $9.78 per Note.
UBS AG offers Trigger Autocallable Contingent Yield Notes linked to the ADRs of Arm Holdings plc due on or about June 4, 2029. The Notes pay periodic contingent coupons only if the underlying ADR closes at or above a coupon barrier on observation dates, carry an automatic call if the ADR closes at or above the initial level on any quarterly observation (beginning after six months), and provide contingent repayment of principal at maturity only if the final level is at or above a stated downside threshold. Payments, including any principal repayment, are subject to the creditworthiness of UBS. Key dates: trade date June 1, 2026, settlement June 3, 2026, final valuation date May 31, 2029 and maturity June 4, 2029. Minimum investment is $1,000 (100 Notes at $10 each). The preliminary estimated initial value range is $9.33 to $9.58 per Note. Example terms in the supplement show a hypothetical contingent coupon rate of 34.88% per annum and illustrative payoffs (e.g., a $3.00 per Note payoff in an adverse scenario). This document is a preliminary pricing supplement; final terms will be set on the trade date and the Offering Documents must be delivered in final form before sales.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Applied Materials, Inc. common stock with a trade date of June 1, 2026, expected settlement June 3, 2026, final valuation date June 1, 2028 and maturity on June 5, 2028.
The Notes pay contingent coupons only if the underlying's closing level on an observation date meets or exceeds a coupon barrier and will autocall early if the underlying equals or exceeds the initial level on an observation date. Principal repayment at maturity is contingent: if the final level is below the downside threshold, repayment may be less than the $10 principal, and you could lose a significant portion or all of your investment. The estimated initial value range is $9.43 to $9.68 per Note.
UBS AG is offering Capped Buffer GEARS linked to the S&P 500® Index due on or about June 14, 2028. The securities are unsubordinated, unsecured debt obligations whose payment at maturity depends on the percentage change in the S&P 500® Index, subject to a 10.00% buffer, an upside gearing of 2.00 and a capped maximum gain in the range of 18.00% to 21.00%. The preliminary terms set the per-security issue price at $10.00 with a minimum investment of 100 securities ($1,000), estimated initial value between $9.499 and $9.799, and key dates including a trade date of June 12, 2026 and a maturity date of June 14, 2028. Payments, including any principal repayment, are subject to UBS credit risk; if the final level is below the downside threshold (90.00% of the initial level), holders can suffer losses, potentially nearly the full principal.
UBS AG is offering Trigger Autocallable Contingent Yield Notes with Memory Interest linked to the least performing of the Russell 2000® Index and the S&P 500® Index, maturing June 1, 2029. Each $1,000 Note pays a contingent coupon of $48.50 (9.70% per annum) on an observation date only if both indices meet their coupon barriers; missed coupons may be paid later under the memory feature.
If the Notes are auto-called on an observation date when both indices meet call thresholds, holders receive principal plus any due contingent coupons. If not called and the final level of any underlying index is below its 70.00% downside threshold, holders suffer a loss equal to the negative return of the least performing index and could lose all principal. Payments depend on UBS’s creditworthiness. The estimated initial value per Note on the trade date was $991.30 and the issue price is $1,000.
UBS AG offers Buffer Autocallable GEARS linked to an unequally weighted basket of five equity indices. The securities have a $10 principal amount per security, a minimum investment of 100 securities ($1,000), and a term of approximately three years unless automatically called.
The notes feature an automatic call on the observation date if the underlying basket closes at or above the autocall barrier, in which case holders receive the call price equal to principal plus a 12.00% call return ($11.20 per security). If not called, maturity payments depend on the basket return multiplied by an upside gearing (to be set between 1.55 and 1.8195) and a 10.00% downside buffer with a downside threshold at 90.00% of the initial basket level. Payments are subject to UBS credit risk and secondary-market liquidity may be limited.
UBS AG offers Buffer Autocallable GEARS linked to the Russell 2000® Index, a structured note series with an automatic call feature and a 10.00% buffer. The preliminary terms show a call return rate of 11.00%, upside gearing in the range 1.45–1.69, and a minimum investment of 100 Securities ($1,000).
The securities may be automatically called if the underlying closes at or above the autocall barrier on the observation date; otherwise payments at maturity depend on the underlying return, the upside gearing and whether the final level falls below the downside threshold (90.00% of the initial level). Payments, including any contingent repayment of principal, are subject to UBS credit risk. Expected trade and settlement dates and the final valuation and maturity dates are set forth in the preliminary pricing supplement.
UBS AG offers $2,148,000 of Trigger Autocallable Notes linked to the least performing of the Dow Jones Industrial Average, the Russell 2000 Index and the S&P 500 Index. The Notes have quarterly observation dates beginning after 12 months, a trade date of May 29, 2026, expected settlement on June 3, 2026, a final valuation date of May 29, 2031 and maturity on June 3, 2031.
If on any observation date the closing level of each underlying asset equals or exceeds its call threshold (90.00% of the initial level), UBS will automatically call the Notes and pay a call price equal to principal plus a call return (the call return increases the longer the Notes remain outstanding). If not called, repayment at maturity is contingent: full principal is returned only if each final level is at or above its downside threshold (75.00% of initial level); otherwise payment equals $1,000 times (1 + underlying return of the least performing underlying asset), which can produce a substantial loss up to a total loss of principal. All payments are subject to UBS credit risk. The issue price per Note is $1,000 and the estimated initial value per Note is $966.10.
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 Notes have a $1,000 principal per Note, trade date May 29, 2026, settlement June 3, 2026, and maturity June 1, 2029. The Notes pay periodic contingent coupons only if each underlying asset is at or above its coupon barrier on an observation date; otherwise no coupon is paid. UBS may call the Notes in whole on quarterly observation dates beginning after six months. At maturity, principal is repayable only if each underlying asset is at or above its downside threshold; otherwise principal is reduced based on the loss of the least performing underlying asset in excess of a 15.00% buffer. The aggregate issue size shown is $884,000, and the estimated initial value per Note is $991.60.
UBS AG offers $1,645,000 in Trigger Callable Contingent Yield Notes due June 1, 2029 linked to the least performing of the Nasdaq-100® Technology Sector (NDXT), the Russell 2000® Index (RTY) and shares of the State Street® Utilities Select Sector SPDR® ETF (XLU). The Notes pay a contingent coupon of 13.10% per annum when each underlying asset 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 then due. If not called, repayment at maturity depends on the final level of the least performing underlying asset relative to its 70.00% downside threshold, and a final shortfall could result in a principal loss up to 100% of invested principal. The estimated initial value was $983.60 and the issue price is $1,000 per Note (proceeds to UBS: $992.50 per Note). All payments are subject to UBS credit risk.
UBS AG offers UBS AG Phoenix Autocallable Buffer Notes with Memory Interest linked to the common stock of Zscaler, Inc. The notes are unsecured debt obligations with contingent interest payments of $760.00 per $10,000 Note, an initial price of $139.73 (strike observed May 29, 2026), and a maturity date of June 16, 2027.
The notes are automatically callable on specified autocall observation dates if the underlying stock's closing price is at or above the initial price. If not called, principal repayment at maturity is contingent: UBS will repay principal in cash only if the final price is at or above the downside threshold ($104.80, 75.00% of initial price); otherwise holders receive a share delivery amount (per $10,000 Note: 95.4198 shares), the value of which could be significantly less than principal. All payments are subject to UBS credit risk.
The issuer, UBS AG, is offering Trigger Callable Contingent Yield Notes linked to the least performing of the Russell 2000®, Nasdaq-100® and Dow Jones Industrial Average® with an aggregate issue price of $2,320,000 at $1,000 per Note. The Notes pay a 12.10% per annum contingent coupon when each underlying meets its coupon barrier on an observation date; otherwise no coupon is paid. UBS may call the Notes monthly beginning after ~3 months; if called you receive principal plus any contingent coupon due on the call settlement date. If not called, principal is repaid at maturity only if each final level is at or above its downside threshold (70.00% of initial level); otherwise repayment is reduced pro rata to the percentage decline of the least performing underlying asset and you could lose all of your initial investment. Any payment is subject to the creditworthiness of UBS and the Notes will not be listed on an exchange.
UBS AG is offering Buffer Callable Contingent Yield Notes totalling $975,000 linked to the least performing of the Russell 2000® Index and the S&P 500® Index. Each Note has a $1,000 principal amount and a contingent coupon of 11.45% per annum payable only if both indices meet coupon barriers on observation dates. The Notes carry a 15.00% buffer (downside thresholds equal to 85.00% of initial levels). Trade date is May 29, 2026, settlement June 3, 2026, final valuation February 28, 2029 and maturity March 5, 2029. UBS may call the Notes in whole on monthly observation dates beginning after six months. Estimated initial value per Note is $989.50; issue price is $1,000.00. Payments, including principal repayment, depend on UBS creditworthiness and on the performance of the least performing underlying asset; if the least performing underlying asset falls below its downside threshold at maturity, repayment may be less than principal and could result in substantial loss.
UBS AG is offering UBS AG Trigger Autocallable Contingent Yield Notes with Memory Interest linked to Micron Technology, Inc. The offering totals $4,336,000 at an issue price of $1,000 per Note. Each Note pays a contingent coupon at a 25.84% per annum rate when the underlying's closing level meets the coupon barrier and may be automatically called if the underlying meets the call threshold. The Notes mature on December 2, 2027. The principal repayment at maturity is contingent: if the final level is below the downside threshold, holders receive a share delivery amount of 1.0299 shares per Note (based on the initial level of $971.00), which may be worth significantly less than the principal. The estimated initial value per Note is $956.80, below the issue price. All payments depend on UBS’ creditworthiness and the Notes have limited liquidity and material investor risks.
UBS AG is offering $1,797,000 of 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 Notes have a principal amount of $1,000 per Note and a contingent coupon rate of 10.90% per annum. Trade date is May 29, 2026, expected settlement June 3, 2026, final valuation May 1, 2028 and maturity May 4, 2028. The estimated initial value on the trade date was $982.80 and the issue price is $1,000 per Note. Payments: UBS will pay a contingent coupon on each coupon payment date only if the closing level of each underlying asset is >= its coupon barrier on the related observation date. UBS may call the Notes in whole on monthly observation dates beginning three months after issuance. If not called, repayment at maturity is contingent: if every underlying asset is >= its downside threshold you receive principal; if any is below its downside threshold, the maturity payment equals $1,000 × (1 + underlying return of the least performing underlying asset), which can result in a partial or total loss of principal. All payments are subject to UBS credit risk. The document highlights limited liquidity, potential conflicts of interest, use of internal pricing models, and uncertain U.S. federal income tax treatment.
UBS AG is offering 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 a scheduled maturity on or about June 11, 2029. The notes pay a contingent coupon only when each underlying closing level on an observation date equals or exceeds its coupon barrier; otherwise no coupon is paid for that date. UBS may call the notes monthly (beginning after ~6 months) in whole at its discretion; if called, holders receive principal plus any contingent coupon otherwise due on the related coupon payment date. If not called and the final level of every underlying asset is at or above its downside threshold, UBS will repay principal at maturity; if any final level is below its downside threshold, the repayment will decline proportionally to the worst-performing underlying and investors could lose a significant portion or all principal. Issue price per note is $1,000.00, the underwriting discount is $5.00 per note, and proceeds to UBS are $995.00 per note; the estimated initial value range is $959.10 to $989.10 as of the trade date.
UBS AG priced a preliminary offering of 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, due on or about May 8, 2028. The notes pay a 11.80% per annum contingent coupon when each underlying meets its coupon barrier; otherwise no coupon is paid.
The notes are issuer-callable monthly beginning after ~3 months; if not called and any final level is below its downside threshold (60.00% of initial level), principal at maturity is reduced in proportion to the least performing underlying and investors could lose a substantial portion or all principal. The issue price is $1,000 per note; UBS estimates initial value between $957.70 and $987.70.
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, due on or about December 8, 2027. The notes pay a contingent coupon of 11.40% per annum when each underlying meets its coupon barrier and are callable monthly by UBS beginning after three months. If not called, principal is repaid at maturity only if each underlying’s final level is at or above a 65% downside threshold; otherwise repayment is reduced proportionally to the least performing underlying, potentially resulting in total loss. The estimated initial value is between $958.00 and $988.00 and the issue price is $1,000.00 per note with underwriting compensation of up to $7.25 per note; proceeds to UBS are at least $992.75 per note. These notes are unsecured obligations of UBS and payments depend on UBS creditworthiness.
UBS AG offers $500,000 of Trigger Callable Contingent Yield Notes due June 1, 2029 linked to the least performing of the Nasdaq-100® Technology Sector, the Russell 2000® Index and the Dow Jones Industrial Average®. The Notes pay a contingent coupon of 13.45% per annum only if each underlying asset meets its coupon barrier on an observation date. UBS may call the Notes monthly (beginning after ~6 months); if called you receive principal plus any contingent coupon then due. If not called and any final level is below its 75.00% downside threshold, principal repayment is reduced pro rata to the percentage decline of the least performing underlying asset, and you could lose a significant portion or all of your investment. The estimated initial value as of the trade date is $987.20 per $1,000 Note. Payments are subject to UBS credit risk; the Notes will not be listed on an exchange.
UBS AG is offering Capped Buffer Contingent Absolute Return Securities linked to the least performing of the Dow Jones Industrial Average® and the S&P 500® Index. Each Security has a $1,000 principal, an approximately 18‑month term, a trade date of May 29, 2026 and a maturity date of December 2, 2027. At maturity the payment depends on the percentage change in the least performing underlying asset: a capped upside (maximum gain 17.50%; maximum payment $1,175.00), a contingent absolute return if the final level is at or above the downside threshold (capped at 15.00%), or a principal loss if the final level is below the downside threshold (buffer 15.00%). The issue price per Security is $1,000.00 (aggregate $198,000.00) and the estimated initial value is $987.00. Payments, including repayment of principal, are subject to UBS credit risk; investors may lose some or almost all of their investment.
UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the Nasdaq-100, Russell 2000 and S&P 500. The offering totals $4,448,000 with a principal amount of $1,000 per Note and an 11.00% per annum contingent coupon payable only if each underlying index meets its coupon barrier on an observation date. The Notes are callable by UBS beginning about three months after issuance; if not called, repayment at maturity depends on the least performing underlying asset relative to a 70.00% downside threshold, which can cause a partial or total loss of principal. The estimated initial value per Note is $986.50, below the issue price. All payments are subject to UBS credit risk.
UBS AG is offering UBS Trigger Autocallable Contingent Yield Notes with Memory Interest linked to the common stock of Arista Networks, Inc. The Notes have a principal amount of $1,000 per Note, a contingent coupon range of 15.00% to 16.00% per annum, and a term of approximately three years, callable quarterly beginning after six months. Trade date is June 15, 2026, settlement is expected June 18, 2026, the final valuation date is June 15, 2029, and maturity is June 21, 2029. The estimated initial value is between $934.00 and $964.00 and the issue price is $1,000.00 (underwriting discount $25.00, proceeds to UBS $975.00 per Note). Payments of contingent coupons and any repayment of principal depend on the observed closing level of ANET relative to specified barriers and on UBS’s creditworthiness; if the final level is below the downside threshold, investors may lose a substantial portion or all of their investment.
UBS AG is offering $1,882,000 of Trigger Autocallable Contingent Yield Notes with Memory Interest linked to Constellation Energy Corporation common stock. The Notes pay a contingent coupon at a 16.84% per annum rate ($42.10 per $1,000 Note) on quarterly observation outcomes and may be automatically called if the underlying equals or exceeds the call threshold of $287.75 (100% of the initial level). At maturity on December 1, 2027, if not called and the final level is below the downside threshold of $187.04 (65% of initial), principal repayment will be contingent on the underlying return and could result in substantial loss or total loss of principal. Estimated initial value per Note is $961.10; issue price is $1,000 per Note. All payments are subject to UBS credit risk.
UBS AG is offering $125,000 of Trigger Callable Contingent Yield Notes linked to the least performing of the Nasdaq-100, Russell 2000 and S&P 500, maturing June 1, 2029. The Notes pay a 10.75% contingent coupon per annum on an observation date only if the closing level of each underlying asset is at or above its coupon barrier (75% of the initial level). UBS may call the Notes in whole on any monthly observation date beginning after three months; if called you receive principal plus any contingent coupon due on the call settlement date. If not called, principal is repaid at maturity only if every underlying asset’s final level is at or above its downside threshold (60% of initial level); otherwise repayment falls with the percentage decline of the least performing underlying asset and you could lose all of your investment. The issue price is $1,000 per Note (estimated initial value $984.50) and payments are subject to UBS credit risk.
UBS AG is offering $20,000,000 of Phoenix Autocallable Buffer Notes with Memory Interest linked to the common stock of Freeport-McMoRan Inc. The Notes mature on June 3, 2027, pay contingent interest of $15.80 per Note when observation conditions are met, and are automatically callable on monthly observation dates if the underlying equals or exceeds the initial price. If the Notes are not called and the final price is below the downside threshold of $46.11 (70.00% of the initial price), investors receive a cash equivalent based on a share delivery amount that can result in partial or total loss of principal. The estimated initial value on the trade date was $996.00 per Note; the issue price is $1,000 per Note.
UBS AG is offering Phoenix Autocallable Buffer Notes with Memory Interest linked to Zscaler, Inc. common stock. The offering is $1,000,000 in total at $10,000 per Note with contingent interest payments of $914.75 per Note payable on specified interest payment dates if Zscaler's closing price meets the interest barrier. The Notes are automatically callable if the closing price meets or exceeds the initial price. If not called, repayment at maturity depends on the final price: if the final price is at or above the downside threshold (80.00% of the initial price, $104.03) UBS will repay principal; if the final price is below that threshold, UBS will deliver a share delivery amount (approx. 96.1261 shares per Note) whose value may be significantly less than principal. The Notes mature on June 15, 2027 and are unsecured obligations of UBS, exposing investors to issuer credit risk and potential loss of some or all principal.
UBS AG is offering $4,326,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of D.R. Horton, Inc., maturing on June 2, 2028. The notes pay a contingent coupon and may be automatically called early if the underlying meets the call threshold.
If not called, repayment at maturity is contingent: cash principal is returned only if the final level is at or above the downside threshold; otherwise investors receive a share delivery amount per note, which could be worth significantly less than principal. All payments are subject to UBS credit risk.
UBS AG (London Branch) is offering Digital S&P 500® Index-Linked Medium-Term Notes with an aggregate face amount of $23,559,000. Each note has a face amount of $1,000, trade date May 28, 2026, original issue date June 2, 2026 and stated maturity January 12, 2028. Notes pay no interest and provide a capped, buffer‑level linked cash settlement: if the final S&P 500 level on the determination date is at or above the buffer (87.50% of the initial level of 7,563.63), holders receive a maximum settlement amount of $1,147.50 per $1,000 face amount; if below the buffer, losses apply at approximately 114.29% of the negative underlier return, with possible loss of the entire investment. The estimated initial value per $1,000 face amount was $997.20 as of the trade date.
UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the Nasdaq-100, Russell 2000 and S&P 500 indices. The Notes have a principal amount of $1,000 per Note, an expected term of approximately 18 months, monthly observation dates, and are callable by UBS beginning after 3 months.
The Notes pay a fixed contingent coupon of 11.45% per annum (contingent coupon per period shown as $9.5417) only if each underlying index is at or above its coupon barrier on an observation date. Downside thresholds and coupon barriers are 70.00% of each underlying asset’s initial level. Trade date and settlement are expected to be June 12, 2026 and June 17, 2026; final valuation and maturity are December 14, 2027 and December 17, 2027. The issue price is $1,000 per Note; the estimated initial value range is $943.50 to $973.50.
UBS AG priced Trigger Autocallable Contingent Yield Notes linked to Nu Holdings Ltd. ordinary shares due June 2, 2028. The Notes pay contingent quarterly coupons only if the underlying closes at or above a coupon barrier on observation dates; they are auto‑called early if the underlying closes at or above 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 at or above a downside threshold; otherwise principal repayment is reduced pro rata to the underlying return and, in extreme cases, you could lose your entire investment. Payments are subject to UBS credit risk. The Notes have a $10 principal per Note, an estimated initial value of $9.75, a minimum purchase of 100 Notes ($1,000), and key dates including Trade Date May 29, 2026, Settlement Date June 2, 2026, Final Valuation Date May 31, 2028, and Maturity Date June 2, 2028.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Marvell Technology, Inc. The notes mature on June 4, 2029 and include quarterly observation dates beginning after six months, an automatic call if the underlying equals or exceeds the initial level on an observation date, and contingent coupons paid only if the underlying closes at or above the coupon barrier on an observation date. If not called and the final level is below the downside threshold, principal repayment at maturity is reduced proportionally to the underlying return; in extreme scenarios, investors could lose their entire investment. The notes are unsecured obligations of UBS and any payment depends on UBS's creditworthiness. The offering has a minimum investment of 100 notes at $10 per note and an estimated initial value of $9.73 per note as of the trade date.
UBS AG offers Trigger Autocallable Contingent Yield Notes linked to SLB N.V. (SLB Limited) maturing June 2, 2028. The Notes pay periodic contingent coupons only if the underlying closes at or above the coupon barrier on observation dates and may be automatically called early if the underlying closes at or above the initial level on any observation date. If not called and the final level is below the downside threshold, the cash payment at maturity can be less than the principal amount and may reflect the full percentage decline in the underlying; extreme losses of the entire principal are possible. The Notes are unsecured obligations of UBS and any payment depends on UBS’s creditworthiness. Trade and settlement dates are May 29, 2026 and June 2, 2026; the final valuation and maturity dates are May 31, 2028 and June 2, 2028. The estimated initial value per Note on the trade date is $9.74.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the ordinary shares of Nu Holdings Ltd. The preliminary pricing supplement dated May 29, 2026 sets a trade date of May 29, 2026, expected settlement on June 2, 2026 and maturity on June 2, 2028.
The Notes pay a contingent coupon only when the underlying closing level on an observation date meets or exceeds the coupon barrier; they are automatically callable early if the underlying closes at or above the initial level on any quarterly observation date. If not called, principal repayment at maturity is contingent: full principal is returned only if the final level is at or above the downside threshold; otherwise principal is reduced in direct proportion to the underlying return and could be fully lost. The Notes are unsecured obligations of UBS and all payments depend on UBS creditworthiness.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Marvell Technology, Inc. The preliminary pricing supplement dated May 29, 2026 sets a trade date of May 29, 2026, expected settlement June 2, 2026, final valuation date May 31, 2029 and maturity about June 4, 2029. The Notes pay periodic contingent coupons only if the underlying closing level meets or exceeds a coupon barrier on observation dates; they autocall early if the underlying closes at or above the initial level on any quarterly observation date (beginning after six months). At maturity, if not called and the final level is below the downside threshold, repayment is reduced pro rata to the underlying return and could result in a substantial or total loss of principal. Principal amount per Note is $10; minimum initial investment is 100 Notes ($1,000). The preliminary estimated initial value range is $9.35–$9.60 per Note. All payments are subject to UBS credit risk.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of SLB N.V. with a trade date of May 29, 2026, expected settlement on June 2, 2026, a final valuation date of May 31, 2028, and maturity on June 2, 2028. The Notes pay periodic contingent coupons only if the underlying's closing level meets or exceeds a coupon barrier on observation dates and will be automatically called early if the underlying closes at or above the initial level on an observation date.
The Notes repay principal at maturity only if the final level is at or above the disclosed downside threshold; if the final level is below that threshold, principal is reduced pro rata to the underlying return and investors could lose a significant portion or all of their investment. Any payments are subject to UBS credit risk. Final terms, including precise barriers and amounts, will be set on the trade date and will appear in the final pricing supplement.
UBS AG offers Trigger Autocallable Contingent Yield Notes linked to Freeport-McMoRan common stock due September 2, 2027. The Notes pay periodic contingent coupons only if the underlying stock closes at or above a coupon barrier on specified observation dates and can be automatically called quarterly (beginning ~6 months) if the underlying closes at or above the initial level. If not called, principal repayment at maturity is contingent on the final level relative to a downside threshold and could result in a loss equal to the underlying return; in extreme cases you could lose your entire investment. All payments depend on UBS's creditworthiness. The Notes have a principal amount of $10 per Note, an estimated initial value of $9.76, and illustrative contingent coupon of 11.01% per annum (contingent coupon $0.2753 per $10 Note).
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Eli Lilly and Company due June 2, 2027. The notes pay a contingent coupon on scheduled coupon dates only if the underlying stock's closing level on the applicable observation date is at or above the coupon barrier; otherwise no coupon is paid.
The notes will be automatically called early if the closing level on any observation date prior to the final valuation date is equal to or greater than the initial level, in which case UBS pays principal plus the contingent coupon on the related call settlement date. If not called and the final level is below the downside threshold, principal repayment at maturity is contingent and may be reduced pro rata (to $10 x (1 + Underlying Return)), potentially resulting in a substantial or total loss of principal. Payments are subject to UBS's creditworthiness. Trade date is May 29, 2026 and settlement is June 2, 2026; final valuation date is May 28, 2027 and maturity is June 2, 2027.
UBS AG offers Trigger Autocallable Contingent Yield Notes linked to Freeport-McMoRan Inc. due on or about September 2, 2027. The preliminary pricing supplement dated May 29, 2026 sets a $10 principal per Note, a minimum investment of 100 Notes and a trade date of May 29, 2026 with expected settlement on June 2, 2026.
The Notes pay a periodic contingent coupon only if the underlying closing level on an observation date meets or exceeds the coupon barrier; they are subject to automatic early call if the underlying equals or exceeds the initial level on any quarterly observation date beginning ~6 months after the trade date. If not called and the final level on the final valuation date (August 31, 2027) is below the downside threshold, principal repayment at maturity may be reduced in proportion to the underlying return; in extreme cases, you could lose your entire investment. The document shows a hypothetical contingent coupon rate of 9.59% per annum, an estimated initial value range of $9.39 to $9.64, a downside threshold of $50.00 (50.00% of the initial level) and a coupon barrier of $50.00.
UBS AG offers Trigger Autocallable Contingent Yield Notes linked to Eli Lilly common stock due on or about June 2, 2027. The preliminary pricing supplement sets the trade date as May 29, 2026 and settlement as June 2, 2026. Each Note has a $10 principal amount and the preliminary estimated initial value per Note is between $9.52 and $9.77. The Notes may pay periodic contingent coupons only if the underlying stock meets a coupon barrier on observation dates, are automatically called if the underlying equals or exceeds the initial level on an observation date, and repay principal at maturity only if the final level is at or above a downside threshold; otherwise principal is reduced pro rata with the underlying return.
Examples in the supplement illustrate a hypothetical contingent coupon rate of 10.55% per annum (contingent coupon $0.2638 per Note), a downside threshold and coupon barrier equal to $70.00 (70% of the initial level), and sample outcomes including full loss scenarios. Any payments depend on UBS’s creditworthiness and the final terms will be set on the trade date.
UBS AG is offering $365,000 in Trigger Autocallable Contingent Yield Notes linked to the common stock of NVIDIA Corporation, maturing on June 2, 2027. The Notes pay a contingent coupon on each coupon payment date only if the underlying closes at or above a specified coupon barrier on the applicable observation date; otherwise no coupon is paid. The Notes are automatically called if the underlying closes at or above the initial level on any prior observation date, in which case holders receive principal plus any contingent coupon due on the related coupon payment date. If not called, principal is repaid at maturity only if the final level is at or above the downside threshold; if the final level is below that threshold, holders suffer a loss equal to the percentage decline in the underlying and could lose all principal. Payments are subject to UBSs creditworthiness. Trade date is May 29, 2026, settlement June 2, 2026, final valuation date May 28, 2027.
UBS AG offers Trigger Autocallable Contingent Yield Notes linked to the common stock of NVIDIA Corporation due on or about June 2, 2027. The Notes pay periodic contingent coupons only if the underlying closing level meets or exceeds a coupon barrier on observation dates; they are automatically called if the underlying equals or exceeds the initial level on an observation date prior to the final valuation date. If not called, principal repayment at maturity is contingent: full principal is paid if the final level is at or above the downside threshold, otherwise repayment declines in proportion to the underlying return, and investors may lose a significant portion or all of their investment. Trade date and settlement are shown as May 29, 2026 and June 2, 2026. The Notes are unsecured obligations of UBS and any payments depend on UBS creditworthiness. The estimated initial value range is shown as $9.51 to $9.76 per Note, and the Notes are offered in minimum denominations of 100 Notes at $10 per Note.
UBS AG offers Trigger Autocallable Contingent Yield Notes linked to Accenture plc common stock due June 2, 2028. The Notes pay a contingent coupon only when the underlying closing level on an observation date meets or exceeds a coupon barrier. They are 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; an automatic call results in a cash payout equal to principal plus any contingent coupon on the related coupon payment date. If not called and the final level is below the downside threshold, principal repayment at maturity is contingent and can result in a loss equal to the underlying return, including the potential loss of the entire principal. Trade date is May 29, 2026, settlement expected June 2, 2026, final valuation date May 31, 2028, maturity June 2, 2028. Minimum investment is 100 Notes at $10 per Note. The estimated initial value as of the trade date is $9.56. The example contingent coupon rate shown is 15.22% per annum (contingent coupon $0.3805 per $10 Note). All payments are subject to the creditworthiness of UBS.
UBS AG priced a preliminary offering for Trigger Autocallable Contingent Yield Notes linked to the common stock of Accenture plc, maturing on or about June 2, 2028. The Notes pay periodic contingent coupons only if the underlying closing level meets a coupon barrier on observation dates and are automatically called early if the underlying equals or exceeds the initial level on an observation date. If not called, principal is repaid at maturity only if the final level is at or above a downside threshold; otherwise investors absorb a loss equal to the underlying return, potentially losing their entire investment. Trade date is May 29, 2026 with settlement expected June 2, 2026. The minimum initial investment is 100 Notes at $10 per Note. Any payments depend on UBS’s creditworthiness and 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 Corning Incorporated that mature on June 2, 2028. The Notes pay a contingent coupon on each coupon payment date only if the closing level of the underlying stock on the applicable observation date is equal to or greater than the stated coupon barrier; otherwise no coupon is paid.
The Notes are subject to an automatic call on any semiannual observation date (beginning after 12 months) if the closing level is equal to or greater than the initial level; an automatic call results in payment of principal plus any contingent coupon on the related call settlement date and terminates further payments. If the Notes are not called, repayment at maturity depends on the final level relative to the downside threshold: if final level is below that threshold, repayment may be less than principal and could reflect the full percentage decline of the underlying stock, including a possible total loss.
Key logistical terms: trade date May 29, 2026, settlement June 2, 2026, final valuation date May 31, 2028
UBS AG offers preliminary pricing for Trigger Autocallable Contingent Yield Notes linked to Corning Incorporated. The notes have a trade date of May 29, 2026, expected settlement on June 2, 2026, a final valuation date of May 31, 2028 and expected maturity on June 2, 2028.
The instrument pays semiannual contingent coupons only if the underlying closing level meets a coupon barrier on observation dates, contains an automatic call if the underlying equals or exceeds the initial level on an observation date, and provides contingent repayment of principal at maturity that can result in full downside exposure if the final level is below the downside threshold. The preliminary example shows a term of approximately 2 years, a hypothetical contingent coupon rate of 26.45% per annum, an estimated initial value range of $9.36 to $9.61 per $10 Note, and a minimum investment of 100 Notes ($1,000).
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of The Estée Lauder Companies Inc. The Notes pay periodic contingent coupons only if the underlying's closing level on each observation date is at or above the coupon barrier and can be automatically called early if the underlying equals or exceeds the initial level on an observation date. If not called, principal repayment at maturity depends on the final level relative to a downside threshold; if the final level is below that threshold you can suffer a loss equal to the underlying return, potentially losing your entire investment. Trade date is May 29, 2026, expected settlement June 2, 2026, final valuation date May 31, 2029 and maturity June 4, 2029. The Notes are unsecured obligations of UBS and any payments depend on UBS creditworthiness. The estimated initial value on the trade date is $9.66 per $10 Note.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of The Estée Lauder Companies Inc., with a preliminary pricing supplement dated May 29, 2026. The Notes have a $10 principal amount per Note, trade date May 29, 2026, settlement date June 2, 2026, final valuation date May 31, 2029, and expected maturity on or about June 4, 2029.
The Notes pay periodic contingent coupons only if the underlying closing level on an observation date is at or above a coupon barrier; they autocall early if the underlying equals or exceeds the initial level on an observation date. If not called, principal repayment at maturity is contingent: full principal if the final level is at or above the downside threshold, or a reduced cash payment equal to $10 x (1 + Underlying Return) if the final level is below the downside threshold, which can result in substantial or total loss of principal. Estimated initial value is stated between $9.36 and $9.61 per Note.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Stanley Black & Decker common stock due June 2, 2028. The Notes pay periodic contingent coupons only if the underlying closes at or above a coupon barrier on observation dates and are automatically called early if the underlying closes at or above the initial level on any observation date. If not called, principal is repaid at maturity only if the final level is at or above a downside threshold; if the final level is below that threshold, principal is reduced proportionally to the underlying return, possibly to zero. Trade and settlement are May 29, 2026 and June 2, 2026. Minimum investment is 100 Notes at $10 per Note and the estimated initial value on the trade date is $9.70. All payments, including any principal repayment, are subject to UBS credit risk.