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 totaling $21,871,600 linked to Broadcom, $1,903,000 to The Home Depot and $1,166,000 to Johnson Controls, each at $10 per Note. The notes pay contingent quarterly coupons only when the underlying stock closes at or above a preset coupon barrier, with maximum annual rates of 15.70% (Broadcom), 8.00% (Home Depot) and 9.00% (Johnson Controls).
The notes can be automatically called on quarterly observation dates beginning after six months if the stock closes at or above its initial level, returning principal plus any due coupon but ending further payments. If not called, principal is repaid at maturity only when the final stock level is at or above the downside threshold, set between 50.00% and 57.60% of the initial level depending on the underlying stock; otherwise investors are exposed one-for-one to the stock’s decline and can lose their entire investment. The securities are unsecured obligations of UBS AG, are not listed on an exchange, have estimated initial values below the $10 issue price, and all payments depend on UBS’s credit.
UBS AG is offering Trigger Callable Contingent Yield Notes, unsecured and unsubordinated debt obligations linked to the least performing of the S&P 500 Index, the Russell 2000 Index and the Nasdaq-100 Technology Sector, maturing on or about July 29, 2031. Each Note has a $1,000 principal amount.
The Notes pay a contingent coupon of 10.20% per annum, on monthly coupon dates, only when the closing level of each index on the related observation date is at or above its coupon barrier of 60.00% of its initial level. UBS may call the Notes monthly after six months for the principal amount plus any due coupon.
If the Notes are not called and on the final valuation date each index is at or above its downside threshold of 50.00% of its initial level, investors receive the full principal. Otherwise, repayment is reduced in proportion to the decline of the least performing underlying asset, potentially resulting in a total loss of principal. The Notes will not be listed, secondary liquidity may be limited, and all payments depend on UBS’s credit. The estimated initial value is expected to be $958.40–$988.40, below the $1,000 issue price, which includes a $6.00 underwriting discount, hedging, issuance costs and projected profits.
UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the Technology Select Sector SPDR ETF, the Utilities Select Sector SPDR ETF and the Russell 2000 Index, maturing on or about July 27, 2029. These unsecured debt obligations pay a 12.40% per annum contingent coupon only when, on a monthly observation date, each underlying is at or above its coupon barrier set at 70.00% of its initial level.
UBS may call the notes monthly after six months, returning principal plus any due coupon, after which no further payments are made. If the notes are not called and, at maturity, any underlying finishes below its downside threshold of 50.00% of its initial level, investors receive principal reduced one-for-one with the worst performer’s decline and can lose their entire investment.
The notes are not listed, have limited liquidity and are subject to UBS credit risk, including potential Swiss regulatory resolution measures. The issue price is $1,000.00 per note, while the estimated initial value is between $957.20 and $987.20, reflecting embedded fees, hedging costs and UBS’s internal funding rate.
UBS AG is offering $9,477,830 of Trigger Autocallable Notes linked to the MSCI® Emerging Markets Index, maturing on July 15, 2031. Each Note has a $10 principal amount and a 14.00% per annum call return rate, paid only if the Notes are automatically called.
The Notes are automatically called, and pay the applicable call price, if on any quarterly observation date the index is at or above the call threshold of 1,690.70 (100% of the initial level). If never called and the final index level is at or above the downside threshold of 1,098.96 (65% of initial), investors receive only principal. Below the downside threshold, repayment is reduced one-for-one with the index decline, up to a total loss of principal. The Notes pay no interest, do not provide dividend exposure, are unsecured unsubordinated obligations of UBS, are not listed, and have an estimated initial value of $9.607 per $10 Note, reflecting embedded fees and funding costs.
UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the Dow Jones Industrial Average, Russell 2000 Index and Nasdaq-100 Technology Sector, due on or about July 27, 2029. Each Note has a $1,000.00 issue price and a 10.05% per annum contingent coupon rate, paying $8.375 monthly only when the closing level of every index on an observation date is at or above its 70.00% coupon barrier.
UBS may call the Notes monthly beginning after three months, returning the $1,000.00 principal per Note plus any due coupon, after which no further payments occur. If the Notes are not called and on the final valuation date each index is at or above its 60.00% downside threshold, principal is repaid; otherwise, repayment is reduced in proportion to the decline of the worst-performing index, and investors could lose their entire investment.
The Notes are unsubordinated, unsecured obligations of UBS and are not listed, so liquidity may be limited. Estimated initial value is between $938.70 and $968.70 per Note, below the issue price, reflecting a $25.00 per Note underwriting discount, hedging and issuance costs and UBS’s internal funding rate, while investors also face small-cap, non-U.S. and technology sector equity risks.
UBS AG plans to issue Trigger Callable Contingent Yield Notes linked to the least performing of the Dow Jones Industrial Average, Russell 2000 Index and Nasdaq-100 Technology Sector, maturing on or about July 26, 2029. The Notes pay a contingent coupon of 11.45% per annum, payable monthly only when all three indices close at or above a coupon barrier set at 70% of their initial levels.
UBS may call the Notes monthly after six months at par plus any due coupon. If not called and all final index levels are at or above downside thresholds of 60% of initial levels, investors receive principal back (and a coupon if the barrier is met). If any final level is below its downside threshold, repayment is reduced one-for-one with the worst index’s decline, potentially to zero.
The Notes are unsecured, unsubordinated obligations of UBS, not listed on any exchange, and their estimated initial value is $953.60–$983.60 per $1,000. Investors face significant market, liquidity, structural and UBS credit risks, including potential loss of the entire investment.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Constellation Energy Corporation common stock, maturing on or about July 26, 2028. Each $1,000 Note pays a contingent coupon at 10.60% per annum only when the stock closes at or above a coupon barrier set at 65.00% of the initial level on monthly observation dates.
The Notes can be automatically called after about three months if the stock is at or above 85.00% of the initial level, returning principal plus the applicable coupon. If not called and the final stock level is at least 60.00% of the initial level, investors receive full principal at maturity; below that threshold they are fully exposed to the stock’s downside and can lose all principal.
The Notes are unsecured, unsubordinated obligations of UBS, not listed on any exchange, and their payments depend entirely on UBS’s credit. The estimated initial value is expected between $935.60 and $965.60 per $1,000 Note, reflecting underwriting discounts of $24.00 and proceeds to UBS of $976.00 per Note.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Alcoa Corporation common stock, maturing on or about July 25, 2028. Each Note has a $1,000 principal amount and pays a 17.35% per annum contingent coupon, or $14.4583 per month, only when Alcoa’s closing level on a monthly observation date is at or above the 65% coupon barrier.
The Notes may be automatically called after three months if Alcoa’s share price is at or above 85.00% of the initial level, returning principal plus that period’s coupon. If not called and the final level is at or above the 60.00% downside threshold, investors receive principal back; below this threshold, repayment falls one-for-one with Alcoa’s decline, potentially to zero.
The estimated initial value per Note is expected between $931.80 and $961.80, below the $1,000 issue price because that price includes a $24.00 underwriting discount and other costs, leaving $976.00 in proceeds to UBS. The Notes are unsubordinated, unsecured UBS obligations, not listed on an exchange, and all payments depend on UBS’s credit.
UBS AG is offering $800,000 of Trigger Autocallable Contingent Yield Notes with Memory Interest linked to Vertiv Holdings Co common stock. The notes pay a 20.85% per annum contingent coupon on quarterly observation dates only when Vertiv’s share price is at or above the coupon barrier.
The initial level is $305.87, with an automatic call if Vertiv closes at or above that level (100% of the initial level) on any quarterly observation date after 6 months. The downside threshold and coupon barrier are both $152.94 (50% of the initial level); if the final level is below this and the notes have not been called, principal is reduced one-for-one with Vertiv’s decline, potentially to zero. The estimated initial value is $967.70 per $1,000 note, below the issue price, and the notes are not listed, so liquidity may be limited. All payments depend on UBS’s creditworthiness and are subject to Swiss resolution powers that could result in conversion or write-off.
UBS AG is offering $890,000 of Trigger Autocallable Contingent Yield Notes with Memory Interest linked to Lumentum Holdings Inc. common stock. The Notes pay a high contingent coupon at a rate of 32.80% per annum, but only for quarters when Lumentum’s closing price is at or above the coupon barrier of $384.08, which is 50% of the initial level of $768.15. Missed coupons can be paid later under the memory interest feature if the barrier is subsequently met.
The Notes may be automatically called on quarterly observation dates starting about six months after issuance if Lumentum is at or above the call threshold level of $768.15 (100% of the initial level). Upon an automatic call, holders receive principal plus the applicable contingent coupon and any unpaid prior coupons, and the Notes terminate early.
If not called, principal is protected at maturity only if the final stock price is at or above the downside threshold of $384.08. If the final level is below this threshold, repayment is reduced one-for-one with Lumentum’s percentage decline, and holders can lose all of their investment. The Notes are unsecured, unsubordinated obligations of UBS, not listed on any exchange, carry significant liquidity and market risks, and have an estimated initial value of $953.80 based on UBS internal models, which is less than the $1,000 issue price due to fees, hedging costs and UBS’ internal funding rate.
UBS AG is issuing $220,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of CrowdStrike Holdings, Inc., maturing July 17, 2028. These are unsubordinated, unsecured debt obligations of UBS, not bank deposits and not FDIC insured.
Investors receive a contingent coupon only on coupon payment dates where the CrowdStrike share price on the related observation date is at or above a preset coupon barrier. The Notes may be automatically called early if the share price on any observation date before the final valuation date is at or above the initial level, in which case investors receive the $10 principal per Note plus the applicable contingent coupon, and no further payments.
If the Notes are not called and the final share price is at or above the downside threshold, UBS repays the $10 principal per Note (plus any final contingent coupon if the barrier is met). If the final share price is below the downside threshold, repayment is reduced one-for-one with the share’s percentage decline, and investors can lose some or all principal. Hypothetical terms include a 20.18% per annum contingent coupon, a $50 downside threshold and coupon barrier (50.00% of the initial level), and an estimated initial value of $9.78 per $10 Note. The Notes will not be listed on an exchange, have a minimum investment of 100 Notes ($1,000), and all payments depend on UBS’s creditworthiness.
UBS AG is offering $140,000 of Trigger Autocallable Contingent Yield Notes linked to the American depositary receipts of Alibaba Group Holding Limited, maturing July 17, 2028. The Notes pay a 14.93% per annum contingent coupon when the ADR closes at or above a coupon barrier set at 65% of the initial level.
The Notes auto-call if the ADR is at or above the initial level on an observation date, returning the $10 principal per Note plus any due coupon. If not called and the final level is at or above the 65% downside threshold, principal is repaid; otherwise repayment falls one-for-one with the ADR’s decline, potentially to zero. The Notes are unsecured obligations of UBS, are not exchange-listed, and have an estimated initial value of $9.72 versus a $10 issue price.
UBS AG is offering $145,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Microsoft Corporation, maturing on July 15, 2027. Each Note has a $10 principal amount and pays a contingent coupon at a rate of 16.85% per annum (about $0.4213 per period) only when Microsoft’s closing price on an observation date is at or above the coupon barrier of $80.00, which is 80% of the initial level.
The Notes may be automatically called on any observation date before maturity if Microsoft closes at or above the initial level; in that case holders receive principal plus the applicable coupon, and the product terminates. If the Notes are not called and the final level is at or above the downside threshold of $80.00, principal is repaid at maturity, plus any final coupon if the barrier is met. If the final level is below the downside threshold, repayment is reduced one-for-one with Microsoft’s decline, and investors can lose their entire principal.
The Notes are unsecured, unsubordinated obligations of UBS; all payments depend on UBS’s credit. They are offered in minimum denominations of 100 Notes ($1,000). UBS estimates the initial value at $9.77 per Note, below the $10 issue price.
UBS AG is offering unsubordinated, unsecured Trigger Autocallable Contingent Yield Notes linked to the common stock of CrowdStrike Holdings, Inc., maturing on or about July 17, 2028. Each Note has a $10 denomination, with a minimum investment of 100 Notes ($1,000).
Investors receive a contingent coupon on each observation date only if the CrowdStrike share price is at or above a coupon barrier; otherwise no coupon is paid. The Notes are automatically called early if the share price is at or above the initial level on any observation date before maturity, returning principal plus the applicable contingent coupon. If not called, principal is repaid at maturity only if the final share level is at or above a downside threshold; below that, repayment is reduced in proportion to the underlying decline and can fall to zero. All payments depend on UBS’s creditworthiness. The estimated initial value is expected between $9.43 and $9.68 per $10 Note.
UBS AG is offering $230,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of NVIDIA Corporation, maturing January 18, 2028. These unsecured debt securities pay contingent coupons only when NVIDIA’s share price on an observation date is at or above a coupon barrier.
The notes are automatically called before maturity if the stock closes at or above the initial level on an observation date, paying principal plus any due coupon. If not called, principal is repaid at maturity only when the final stock level is at or above a downside threshold; below that level, repayment is reduced in line with the stock’s decline and investors can lose their entire investment. All payments depend on UBS’s credit, and the notes are not listed on any securities exchange.
UBS AG is offering Trigger Autocallable Contingent Yield Notes, unsubordinated unsecured debt linked to the American depositary receipts of Alibaba Group Holding Limited. Each Note has a $10 denomination and an expected term to around July 17, 2028, with a final valuation date of July 13, 2028.
UBS may pay a contingent coupon on scheduled observation dates only if the Alibaba ADR closing level is at or above a specified coupon barrier; otherwise no coupon is paid. The Notes are automatically called if the underlying closes at or above its initial level on any observation date before maturity, returning principal plus any due coupon and ending further payments.
If not called and the final level is at or above a downside threshold, principal is repaid at maturity (and a coupon may be paid if the barrier is met). If the final level is below the downside threshold, repayment is reduced in line with the underlying’s decline, up to a total loss of principal. Payments depend entirely on the creditworthiness of UBS. The Notes are offered in a minimum of 100 Notes ($1,000), are not listed on any exchange, and have an estimated initial value between $9.39 and $9.64 per $10 Note.
UBS AG is offering $100,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Mattel, Inc. Each note has a $10 principal amount and is sold in minimum investments of $1,000. The notes pay a contingent coupon at a stated annual rate only if Mattel’s closing share price on an observation date is at or above a coupon barrier, and they may be automatically called early if the share price is at or above the initial level on an observation date before maturity.
If the notes are not called and Mattel’s share price on the final valuation date is at or above a downside threshold, investors receive the $10 principal per note at maturity on July 17, 2028; if it is below, repayment is reduced in proportion to Mattel’s decline and principal can be completely lost. The estimated initial value is $9.70 per $10 note. All payments, including any coupons and principal, depend on UBS’s creditworthiness, and the notes will not be listed on any securities exchange.
UBS AG is offering unsubordinated, unsecured Trigger Yield Notes linked to the common stock of Oracle Corporation, due July 15, 2027. The Notes pay a coupon on each coupon payment date regardless of Oracle’s share performance.
At maturity, if the Oracle final level is at or above the downside threshold, investors receive the $10 principal per Note plus the coupon. If the final level is below the downside threshold, the cash payment per Note equals $10 × (1 + underlying return), producing a loss matching the stock’s decline and potentially a total loss of principal. Repayment of principal is contingent and only applies at maturity. All payments depend on the creditworthiness of UBS; a UBS default could result in losing the entire investment. The Notes are not listed on any exchange, have a minimum investment of 100 Notes at $10, and an estimated initial value of $9.79 per Note, as determined by UBS’ internal pricing models.
UBS AG is offering $200,000 of Trigger Yield Notes linked to the common stock of Microsoft Corporation, maturing July 15, 2027. These unsubordinated, unsecured debt obligations pay a fixed coupon on each coupon payment date regardless of Microsoft’s share performance, but repayment of the $10 principal per Note at maturity depends on the stock staying at or above a specified downside threshold on the final valuation date.
If Microsoft’s closing price on July 13, 2027 is below that downside threshold, investors receive $10 × (1 + underlying return) per Note, creating a loss that matches the stock’s percentage decline and potentially a total loss of principal. All payments are subject to UBS’s credit; a UBS default could result in no recovery. The Notes are not listed on any exchange, have a minimum investment of 100 Notes ($1,000), and had an estimated initial value of $9.79 per Note, lower than the $10 issue price due to internal funding and structuring costs.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Microsoft Corporation, each with a $10 principal amount and maturing on or about July 15, 2027. The Notes are unsubordinated, unsecured debt obligations of UBS and are not bank deposits or FDIC insured.
Investors receive contingent coupons only if Microsoft’s closing share price on an observation date is at or above a specified coupon barrier; otherwise no coupon is paid. The Notes are automatically called early if Microsoft closes at or above the initial level on any observation date before maturity, paying principal plus any due coupon, with no further payments.
If the Notes are not called and Microsoft’s final level is at or above a downside threshold, principal is repaid at maturity (and a final coupon may be paid if the coupon barrier is met). If the final level is below the downside threshold, repayment is reduced in line with the underlying return and investors can lose some or all of their initial investment. Any payment depends on UBS’s creditworthiness, the Notes will not be listed on an exchange, and the estimated initial value is expected to be between $9.48 and $9.73 per $10 Note.
UBS AG is offering $115,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Micron Technology, Inc., maturing on July 15, 2027. These unsecured notes pay contingent coupons only when Micron’s closing share price on monthly observation dates is at or above a specified coupon barrier, and they may be automatically called starting after six months if the share price is at or above the initial level.
If the notes are not called and Micron’s final level is at or above a downside threshold, investors receive the $10 principal per note; otherwise, repayment is reduced in line with Micron’s negative return and can fall to zero, so the full principal is at risk. All payments depend on UBS’s creditworthiness, and the notes are not FDIC insured or exchange-listed. The minimum investment is 100 Notes ($1,000), and the estimated initial value is $9.65 per $10 note, reflecting dealer pricing and UBS’s internal funding rate.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of NVIDIA Corporation, each with a $10 principal amount, under a preliminary pricing supplement to an existing shelf registration.
The notes pay contingent coupons only if NVIDIA’s closing level on an observation date is at or above a specified coupon barrier, and they are automatically called if the 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 at or above a downside threshold, investors receive only the principal at maturity; if it is below that threshold, repayment is reduced in line with the negative underlying return, and investors can lose up to 100% of principal. The notes are unsecured, unsubordinated obligations of UBS, not listed on any exchange, carry an estimated initial value between $9.46 and $9.71 per $10 note, and have a minimum investment of 100 notes ($1,000), with all payments subject to UBS’s creditworthiness.
UBS AG is offering Trigger Yield Notes linked to the common stock of Oracle Corporation, which pay a coupon on each coupon payment date regardless of how the stock performs. Repayment of principal at maturity is contingent on the stock finishing at or above a specified downside threshold.
If the final stock level is below that downside threshold, the cash payment per $10 Note is reduced in proportion to the stock’s decline, and in extreme cases all principal can be lost. Any payment depends on UBS’s credit; the Notes are not bank deposits and are not insured by the FDIC or any governmental agency.
The Notes are expected to trade on July 13, 2026 and mature on July 15, 2027, in minimum investments of 100 Notes at $10 each. The estimated initial value is expected to be between $9.51 and $9.76 per Note based on UBS internal pricing models, and no exchange listing is planned.
UBS AG plans to issue Trigger Yield Notes linked to the common stock of Microsoft Corporation, maturing on July 15, 2027. Each unsubordinated, unsecured Note has a principal amount of $10 and is offered in minimum investments of 100 Notes, or $1,000.
Investors receive fixed quarterly coupons at an annual rate indicated between 8.59% and 8.97%, regardless of Microsoft’s share performance. At maturity, if the stock’s final level is at or above a preset downside threshold, holders receive full principal back plus the final coupon. If the final level is below this threshold, the repayment is reduced to $10 × (1 + underlying return), exposing investors to the full downside below the threshold and potentially a complete loss of principal.
All payments depend on UBS’s credit; a default could result in losing all invested amounts. The Notes will not be listed on an exchange, and UBS expects the initial value to range from $9.53 to $9.78 per $10 Note, reflecting internal pricing and funding assumptions.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Mattel, Inc. Each Note has a $10 principal amount, with a minimum investment of 100 Notes ($1,000), and an expected term from the trade date on July 13, 2026 to maturity on or about July 17, 2028.
Investors receive contingent coupons only if the closing level of Mattel stock on an observation date is at or above a coupon barrier; if it is at or above the initial level before the final valuation date, the Notes are automatically called and repay principal plus that coupon. If not called and the final level is at or above the downside threshold, principal is repaid; if the final level is below the downside threshold, repayment equals $10 × (1 + underlying return), so losses mirror the stock’s decline and can reach 100% of principal. The Notes are unsecured, unsubordinated obligations of UBS, are not listed on any exchange, and have an estimated initial value between $9.40 and $9.65 per $10 Note.
UBS AG is offering $205,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of UnitedHealth Group Incorporated, maturing July 16, 2029. These unsubordinated, unsecured notes pay a contingent coupon only when the stock closes at or above a preset coupon barrier on scheduled observation dates.
The notes are automatically called if the stock closes at or above its initial level on any observation date before the final valuation date, returning principal plus any due contingent coupon, after which no further payments occur. If not called and the final stock level is at or above a downside threshold, principal is repaid; if it is below that threshold, repayment is reduced in proportion to the stock’s loss and can fall to zero.
All payments depend on UBS’s credit and the notes are not listed on any exchange, limiting liquidity. The minimum investment is 100 notes at $10 each, while the estimated initial value is $9.73 per $10 note, reflecting internal funding and structuring costs.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Micron Technology, Inc., due on or about July 15, 2027. These unsubordinated, unsecured debt obligations of UBS pay contingent coupons only on monthly observation dates when the Micron share price closes at or above a specified coupon barrier; otherwise no coupon is paid. The notes are automatically called on any monthly observation date, beginning after 6 months, if the stock closes at or above its initial level, in which case holders receive the principal amount plus any contingent coupon due and no further payments.
If the notes are not called, investors receive full principal at maturity only when the final Micron price is at or above a downside threshold; below that level, repayment is reduced in line with the percentage decline of the stock from the initial level and can fall to zero. The contingent repayment of principal applies only at maturity. Any payment depends on the creditworthiness of UBS, and a default could result in total loss. The notes are offered at $10 per Note, with a $1,000 minimum investment, are not bank deposits or FDIC-insured, will not be listed on an exchange, and have an estimated initial value as of the trade date expected to be between $9.38 and $9.63 per Note.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of UnitedHealth Group Incorporated, maturing on or about July 16, 2029.
These $10-denomination notes may pay contingent coupons only when the stock closes at or above a coupon barrier on scheduled observation dates. The notes are automatically called early, returning principal plus the applicable coupon, if the stock closes at or above the initial level on any observation date before the final one.
If the notes are not called and the final stock level is at or above a downside threshold, investors receive only their principal (plus any final coupon). If the final level is below the downside threshold, repayment is reduced in line with the stock’s decline, and investors can lose their entire investment. All payments depend on UBS’s credit; the notes are unsecured, will not be listed on an exchange, have a minimum investment of 100 notes at $10 each, and an estimated initial value between $9.38 and $9.63 per $10 note.
UBS AG is offering $2,377,000 of Trigger Callable Contingent Yield Notes linked to the least performing of the Nasdaq-100, Russell 2000 and S&P 500 indices, maturing January 13, 2028. The Notes pay a 13.10% per annum contingent coupon only if on each monthly observation date every index closes at or above its coupon barrier, set at 65% of its initial level.
UBS may, at its discretion, call the Notes in whole on any monthly observation date after six months, paying principal plus any due coupon, after which no further payments occur. A daily knock-in trigger occurs if any index ever closes below its downside threshold (also 65% of initial) during the observation period. If the Notes are not called and a trigger has occurred, and any index finishes below its initial level, maturity repayment is reduced by the full negative return of the least performing index, with the possibility of a total loss of principal. All payments depend on UBS’ credit; the estimated initial value is $992.00 per $1,000 note, below issue price.
UBS AG London Branch is offering Digital S&P 500® Index-Linked Medium-Term Notes that pay no interest and have a term expected to be 15–17 months. Each note has a $1,000 face amount and the cash payment at maturity depends on S&P 500 Index performance between the trade date and a single determination date.
If the final index level is at or above 80% of the initial level, investors receive a capped payoff, the maximum settlement amount, expected to be between $1,092.20 and $1,108.20 per $1,000. If the index falls more than 20%, investors lose 1% of principal for every 1% decline from the initial level and could lose their entire investment. The notes are unsecured obligations of UBS, not listed, and may have limited or no secondary market. The estimated initial value is expected to be $953.10–$983.10 per $1,000, reflecting fees, hedging costs and UBS’ internal funding rate, and UBS’ creditworthiness and market factors will materially affect secondary prices.
UBS AG is offering $971,000 of Trigger Callable Contingent Yield Notes, $1,000 each, linked to the least performing of the Nasdaq‑100, Russell 2000 and S&P 500 indexes, maturing January 15, 2030. The notes pay a monthly contingent coupon at an annual rate of 11.16% ($9.30 per note per month) only if on each observation date all three indexes close at or above their coupon barriers, set at 70% of initial levels.
UBS may call the notes in whole on any monthly observation date beginning after three months; if called, investors receive principal plus that month’s coupon, with no further payments. If not called and at maturity all indexes are at or above their downside thresholds (60% of initial levels), investors receive full principal (and a coupon if barriers are met).
If any index finishes below its downside threshold, repayment is reduced dollar‑for‑dollar with the negative return of the worst index, and investors can lose up to 100% of principal. Payments depend on UBS’s credit; the estimated initial value is $990.10 per $1,000 note, reflecting fees and hedging costs, and no exchange listing is expected.
UBS AG is issuing Trigger Callable Contingent Yield Notes with an aggregate offering of $4,654,000, linked to the least performing of the Nasdaq-100® Technology Sector, the Russell 2000® Index and the S&P 500® Index, maturing on July 15, 2031.
The Notes pay a 10.55% per annum contingent coupon only when, on an observation date, each index is at or above its coupon barrier, set at 70% of its initial level (equal to the downside thresholds). UBS may, at its discretion, call the Notes monthly after six months, returning principal plus any due coupon and ending further payments.
If the Notes are not called and on the final valuation date any index closes below its downside threshold, repayment is reduced in proportion to the worst-performing index and can fall to zero. The estimated initial value is $963.60 per $1,000 Note. All payments depend on UBS’s credit and the Notes will not be listed on any exchange.
UBS AG is offering $2,485,000 of Trigger Callable Contingent Yield Notes, issued in $1,000 denominations and linked to the least performing of the S&P 500® Index, Russell 2000® Index and Nasdaq-100 Index®, maturing July 15, 2031. The Notes pay a 9.90% per annum contingent coupon (about $8.25 per $1,000 monthly) only if on each observation date the closing level of each index is at or above its coupon barrier, set at 70% of the initial level; otherwise no coupon is paid.
UBS may, at its discretion, call the Notes in whole on any monthly observation date after 12 months, paying principal plus any due coupon, after which no further payments are owed. If not called and, on the final valuation date, every index is at or above its downside threshold of 60% of its initial level, investors receive full principal back (and a final coupon if all are also above their coupon barriers). If any index finishes below its downside threshold, repayment is reduced one-for-one with the percentage decline of the worst-performing index, up to a complete loss of principal. The Notes are unsecured, unsubordinated obligations of UBS; all payments depend on UBS’s credit, and the estimated initial value is $981.90 per $1,000.
UBS AG is offering $10,010,000 of unsubordinated, unsecured Trigger Callable Contingent Yield Notes linked to the least performing of the Russell 2000® Index and the Nasdaq‑100® Technology Sector, maturing June 15, 2028. The Notes pay a contingent coupon of 13.50% per annum only if on each monthly observation date both indices close at or above their coupon barriers, which equal their downside thresholds at 70% of initial levels (Russell 2000®: 2,084.464; Nasdaq‑100® Technology Sector: 12,281.63).
UBS may, at its discretion, call the Notes in whole on any observation date starting after three months, paying principal plus any due contingent coupon and ending further payments. If the Notes are not called and, on the final valuation date, each index is at or above its downside threshold, investors receive principal back (and the final contingent coupon if barriers are met). If any index finishes below its downside threshold, repayment is reduced 1:1 with the decline of the least performing index, and investors can lose some or all of their initial investment.
The estimated initial value is $986.40 per $1,000 Note, reflecting underwriting compensation, hedging, issuance costs and UBS’s internal funding rate. The Notes are not listed, may have limited or no secondary market, and all payments are subject to UBS credit risk, including potential impacts of Swiss resolution powers.
UBS AG is issuing $500,000 of Trigger Autocallable Contingent Yield Notes with Memory Interest linked to the common stock of Amazon.com, Inc. Each Note has a $1,000 principal amount and matures on July 13, 2029, unless called earlier.
The Notes pay a 10.80% per annum contingent coupon (about $27 per quarter per $1,000) only if Amazon’s closing level on an observation date is at or above the coupon barrier of $160.58 (65% of the initial level of $247.04). Missed coupons can be paid later under the memory interest feature if a future observation meets the barrier.
The Notes are automatically called if, on any quarterly observation date after 6 months, Amazon closes at or above the call threshold of $247.04 (100% of the initial level). In that case, investors receive principal plus due and unpaid coupons and the product terminates. If not called and the final level is at or above the downside threshold of $160.58, principal is repaid at maturity. If the final level is below the downside threshold, repayment is reduced one-for-one with Amazon’s decline, and investors can lose all principal. Any payment depends on the creditworthiness of UBS, and the estimated initial value is $974.50 per $1,000 Note.
UBS AG is offering $1,588,000 of Trigger Autocallable Contingent Yield Notes, unsecured debt linked to the least performing of the SPDR S&P Regional Banking ETF (KRE) and the SPDR S&P 500 ETF Trust (SPY), maturing on July 15, 2030.
Investors receive a 10.00% per annum contingent coupon ($25 per quarter) only if on an observation date the closing level of each ETF is at or above its coupon barrier, set at 70% of the initial level (KRE: $52.51; SPY: $528.47). The notes are automatically called after six months if each ETF is at or above 100% of its initial level, returning principal plus that period’s coupon.
If not called, and at maturity each ETF remains at or above its downside threshold (also 70% of initial), principal is repaid. If any ETF finishes below its downside threshold, repayment is reduced 1:1 with the worst performer’s decline, and the entire principal can be lost. The estimated initial value is $969.50 per $1,000 note, and all payments depend on UBS’s credit.
UBS AG is issuing Capped Buffer Contingent Absolute Return Securities, a market-linked note tied to the worst performer of the Dow Jones Industrial Average and the S&P 500 Index, maturing December 30, 2027. The total offering is $300,000, in denominations of $1,000 per Security.
At maturity, if the least performing index has risen, investors receive principal plus that positive return, capped at 12.75% per Security, for a maximum upside payment of $1,127.50. If the least performer is flat or down but still at or above 85% of its initial level (the downside threshold, reflecting a 15.00% buffer), investors receive the “contingent absolute return,” equal to the absolute value of the index loss, up to 15.00% (maximum $1,150.00).
If any index finishes below its downside threshold, repayment is reduced dollar-for-dollar beyond the 15% buffer, based on the loss of the least performing index, and investors can lose most or almost all of principal. The Securities pay no interest, are unsecured obligations of UBS AG, are not listed on an exchange, and all payments depend on UBS’s credit. The estimated initial value is $966.70 per $1,000 Security, below the issue price due to fees, hedging and funding costs.
UBS AG is offering $2,180,000 of Trigger Autocallable Notes, unsubordinated unsecured debt linked to the least performing of the Nasdaq‑100® Technology Sector Index, the Russell 2000® Index and the S&P 500® Index. Each Note has a $1,000 principal amount, trades on a July 10, 2026 trade date, and is scheduled to mature on July 15, 2031, unless automatically called earlier.
The Notes are automatically called, and pay the applicable call price, if on any monthly observation date the closing level of each index is at or above its call threshold, set at 100% of initial level. The call return rate is 12.70% per annum, reaching a call price of $1,635.00 per Note if held to maturity and still callable. If not called and each index finishes at or above its downside threshold of 70% of initial level, investors receive principal only; if any index finishes below its downside threshold, the payoff is $1,000 × (1 + return of the least performing index), exposing investors to full downside of that index and up to total loss of principal. The estimated initial value is $961.20 per Note, below the $1,000 issue price, reflecting underwriting discount, hedging and issuance costs. All payments depend on UBS’s credit.
UBS AG is issuing $5,320,000 of unsecured Trigger Callable Contingent Yield Notes, $1,000 each, linked to the least performing of the Nasdaq-100® Technology Sector Index, the Russell 2000® Index and the State Street® Energy Select Sector SPDR® ETF.
Investors receive a 16.05% per annum contingent coupon (about $13.375 per month per Note) only if, on each monthly observation date, all three underlyings close at or above their coupon barriers set at 75% of initial levels. UBS may call the Notes in whole on any observation date after six months, paying principal plus any due coupon, and ending further payments.
If the Notes are not called and each underlying finishes at or above its downside threshold (60% of its initial level) on the January 10, 2031 final valuation date, investors receive full principal at maturity. If any underlying is below its downside threshold, repayment is reduced dollar-for-dollar with the worst-performing index or ETF, down to a complete loss. The estimated initial value is $988.10 per $1,000 Note, and all payments depend on UBS’s credit.
UBS AG London Branch is issuing Capped Leveraged Buffered S&P 500 Index-Linked Medium-Term Notes due November 17, 2027, with a face amount of $1,000 per note and an aggregate offering of $4,597,000. The notes pay no interest and return depends on S&P 500 performance from the July 9, 2026 trade date to the November 15, 2027 determination date, starting from an initial index level of 7,543.64.
If the index rises, holders receive $1,000 plus 140.00% of the index gain, capped at a maximum settlement of $1,197.12 per $1,000. If the index is flat or down by up to 10.00%, principal is returned. Below the 10% buffer (index under 90.00% of the initial level, i.e., below 6,789.276), losses are amplified: investors lose approximately 1.1111% of face amount for every 1% decline beyond the buffer, potentially losing their entire investment.
The estimated initial value is $997.00 per $1,000, reflecting internal pricing and funding. The notes are unsecured obligations of UBS, not insured by the FDIC, not listed on any exchange, and may have limited or no secondary market.
UBS AG is offering $1,045,000 of Trigger Callable Contingent Yield Notes, issued at $1,000 per Note, linked to the least performing of the Nasdaq-100 Index, Russell 2000 Index and S&P 500 Index, maturing on July 15, 2031 unless called earlier.
The Notes pay a contingent coupon of 11.05% per annum (about $9.2083 per month per $1,000) only if on an observation date each index is at or above its coupon barrier set at 70% of its initial level. Principal is protected at maturity only if UBS has not called the Notes and each index finishes at or above its downside threshold of 60% of its initial level; otherwise, repayment is reduced one-for-one with the negative return of the worst-performing index, potentially to zero.
UBS may call the Notes monthly, beginning after 3 months, returning principal plus any due coupon. The Notes are unsecured, unsubordinated obligations of UBS, not listed on any exchange, and their value is affected by UBS’s credit. The estimated initial value is $988.30 per Note, below the issue price due to fees, hedging costs and UBS’s internal funding rate.
UBS AG is offering $520,000 of Trigger Callable Contingent Yield Notes, each with a $1,000 principal amount, linked to the least performing of the Russell 2000 Index, the S&P 500 Index and the State Street Technology Select Sector SPDR ETF. The notes pay a contingent coupon of 11.65% per annum ($9.7083 per month) only if, on each monthly observation date, every underlying is at or above its coupon barrier, set at 70% of the initial level for each index/ETF.
UBS may call the notes in whole on any observation date beginning after three months, returning principal plus any due coupon, after which no further payments are made. If the notes are not called and, at maturity in June 2028, every underlying is at or above its downside threshold (60% of its initial level), investors receive full principal. If any underlying finishes below its downside threshold, repayment is reduced dollar-for-dollar with the negative return of the least performing underlying, and investors can lose up to 100% of principal.
The initial levels are 2,977.805 for the Russell 2000, 7,575.39 for the S&P 500 and $185.78 for XLK, with corresponding coupon barriers at 70% and downside thresholds at 60% of those levels. The estimated initial value is $970.70 per $1,000 note, below issue price, reflecting dealer compensation and hedging costs. Payments depend on UBS’s credit; the notes are unsecured, unsubordinated obligations and will not be listed, with no assurance of a secondary market.
UBS AG is offering Trigger Autocallable Notes linked to the least performing of the Russell 2000® Index and the EURO STOXX 50® Index, each with a $1,000 principal amount and a term of approximately 5 years, maturing on or about July 21, 2031, subject to automatic early call.
The Notes pay no interest. On quarterly observation dates, if the closing level of each index is at or above its call threshold of 100.00% of its initial level, UBS automatically calls the Notes and pays the applicable call price, which equals principal plus a call return based on an annualized 11.30% call return rate that increases over time. If never called and, at maturity, each index is at or above its downside threshold of 70.00% of its initial level, investors receive only principal back.
If the Notes are not called and the final level of any index is below its downside threshold, the redemption amount is reduced by the full negative return of the least performing index, down to zero, so investors can lose all principal. The estimated initial value is between $933.90 and $963.90 per $1,000 Note. The Notes are unsecured, unsubordinated obligations of UBS, will not be listed, and all payments are subject to UBS’s credit risk.
UBS AG is offering $2,921,000 of Trigger Callable Contingent Yield Notes, unsecured debt linked to the least performing of the Russell 2000 Index and the Nasdaq-100 Technology Sector Index, maturing June 15, 2028. The Notes pay a contingent coupon of 12.65% per annum only if on each monthly observation date both indices close at or above their coupon barriers, set at 70% of their initial levels.
UBS may call the Notes monthly, beginning after six months, paying principal plus any due coupon, after which no further payments are made. If the Notes are not called and on the final valuation date any index is below its downside threshold (also 70% of its initial level), repayment is reduced in line with the percentage decline of the worst-performing index, and investors can lose up to 100% of principal. All payments depend on UBS’s credit; the Notes are not insured and will not be listed. The estimated initial value is $987.50 per $1,000, lower than the issue price due to fees, hedging and UBS’s internal funding rate.
UBS AG is offering $2,100,000 of Trigger Autocallable Contingent Yield Notes linked to Amazon.com, Inc. common stock, maturing July 13, 2029. The Notes pay a 10.00% per annum contingent coupon only on quarterly observation dates when Amazon’s share price is at or above the coupon barrier of $159.47, which is 65% of the $245.34 initial level; otherwise no coupon is paid.
The Notes are automatically called if, beginning after six months, Amazon’s share price on an observation date is at or above the call threshold of $245.34 (100% of the initial level), returning principal plus the applicable coupon and ending further payments. If not called and the final share price is at or above the downside threshold of $122.67 (50% of the initial level), investors receive principal at maturity. If the final price is below this threshold, repayment is reduced one-for-one with Amazon’s decline, and principal losses can reach 100%.
The Notes are unsubordinated, unsecured UBS debt, not listed on an exchange, and subject to UBS credit risk and significant liquidity and valuation risks. The issue price is $1,000 per Note, with an estimated initial value of $972.60 and an underwriting discount of $23.50 per Note.
UBS AG is offering Trigger Autocallable Contingent Yield Notes maturing around January 25, 2029, linked to the least performing of the S&P 500 Index, Nasdaq-100 Technology Sector and Russell 2000 Index. The Notes pay a 12.10% per annum contingent coupon only when, on a monthly observation date, the closing level of each index is at or above its coupon barrier.
The Notes may be automatically called monthly after six months if each index is at or above its call threshold (100% of its initial level). If called, investors receive principal plus the applicable contingent coupon, and no further payments. If not called and at maturity each index is at or above its downside threshold (70% of its initial level), investors receive principal back, plus a final contingent coupon if barriers are met.
If the Notes are not called and any index finishes below its downside threshold, the repayment of principal is reduced one-for-one with the decline of the worst-performing index; investors can lose up to 100% of principal. The Notes are unsecured, unsubordinated obligations of UBS, with an estimated initial value between $958.00 and $988.00 per $1,000 Note, reflecting underwriting discounts, hedging and issuance costs.
UBS AG is offering Trigger Callable Contingent Yield Notes with Memory Interest, unsecured debt linked to the least performing of the Dow Jones Industrial Average®, Nasdaq-100® Technology Sector Index and Russell 2000® Index, maturing on or about July 20, 2029. Each Note has a $1,000 principal amount and pays a 12.25% per annum contingent coupon (about $10.2083 per month) only if on an observation date the closing level of each index is at or above its coupon barrier, set at 70% of its initial level; missed coupons can be paid later under the memory interest feature.
UBS may, at its discretion, call the Notes in whole on any monthly observation date after 3 months, paying principal plus any due and previously unpaid coupons, after which no further payments are made. If the Notes are not called and at maturity all indices are at or above their downside thresholds (also 70% of initial levels), investors receive full principal. If any index finishes below its downside threshold, the maturity payment per Note equals $1,000 × (1 + return of the least performing index), exposing investors to full downside of that index and potentially a total loss of principal. The Notes are not listed, carry significant market, sector, small-cap and credit risk, and their estimated initial value on the trade date is expected between $960 and $990 per $1,000 issue price.
UBS AG is offering $5,757,000 of Phoenix Autocallable Notes with Memory Interest linked to the common stock of Block, Inc., each with a $1,000 principal amount and a term of about 54 weeks, due July 28, 2027. These unsecured notes pay a fixed $37.50 contingent interest per note on quarterly dates, but only if Block’s closing price on the relevant observation date is at or above the interest barrier of $38.65, equal to 50.00% of the initial price of $77.30; missed coupons may be paid later under the memory feature if the barrier is met.
The notes are automatically called if Block’s price on any autocall observation date is at or above the initial price, returning principal plus due and previously unpaid contingent interest. If not called and the final price on the valuation date is at or above the trigger price of $38.65, investors receive full principal at maturity plus any due and previously unpaid contingent interest. If the final price is below the trigger, investors receive a cash amount based on the share delivery amount, causing losses proportionate to Block’s decline and potentially up to a full loss of principal. The notes are subject to UBS credit risk, are not listed, and the estimated initial value of $984.20 per note is below the issue price.
UBS AG is offering $253,000 of Trigger Autocallable Contingent Yield Notes with Memory Interest, linked to the least performing of three ETFs: Global X Copper Miners (COPX), Global X Uranium (URA) and Utilities Select Sector SPDR (XLU), maturing July 15, 2031.
The notes pay a 13.00% per annum contingent coupon (monthly) only if on each observation date every ETF is at or above its coupon barrier, set at 50% of its initial level; missed coupons can be paid later via a memory feature. The notes auto-call monthly after 12 months if all ETFs are at or above their call threshold of 100% of initial level, returning principal plus applicable coupons. If not called and any final ETF level is below its 50% downside threshold, investors incur a loss matching the decline of the worst ETF and can lose their entire principal. The notes are unsecured obligations of UBS, with an estimated initial value of $946 per $1,000 note and limited or no expected secondary market liquidity.
UBS AG is offering unsecured, unsubordinated Trigger Callable Contingent Yield Notes due on or about July 20, 2029, linked to the least performing of the S&P 500 Index, Russell 2000 Index and Nasdaq-100 Index. The notes pay a contingent coupon of 9.00% per annum only if on each monthly observation date every index is at or above its coupon barrier, set at 60% of its initial level. UBS may, at its discretion, call the notes in whole on any monthly observation date beginning after 12 months, paying principal plus any due coupon.
If the notes are not called and on the final valuation date any index is below its downside threshold (also 60% of initial), investors receive less than principal, with the loss matching the decline of the worst-performing index; a total loss is possible. The estimated initial value is expected between $957.30 and $987.30 per $1,000 note, below the issue price due to fees, hedging and UBS’s internal funding rate. Repayment depends entirely on UBS’s credit; the notes are not FDIC-insured and will not be listed, and liquidity may be limited.