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

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Credicorp Ltd. The Notes pay a contingent coupon only if the underlying stock meets or exceeds a coupon barrier on each observation date and may be automatically called early if the underlying reaches the initial level. At maturity the principal is repaid only if the final level is at or above a downside threshold; otherwise principal is reduced proportionally to the underlying return, and investors could lose most or all principal. Payments depend on UBS creditworthiness. Trade and settlement dates are May 8, 2026 and May 12, 2026; final valuation and maturity are May 10, 2027 and May 12, 2027.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Capital One Financial Corporation due May 12, 2027. The notes pay a contingent coupon only when the underlying stock's closing level on an observation date is at or above the coupon barrier and will be automatically called early if the underlying equals or exceeds the initial level on any 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; if the final level is below that threshold the cash payment equals $10 × (1 + Underlying Return), which can produce a substantial loss, potentially the entire invested amount. Payments are unsecured obligations of UBS and are subject to UBS credit risk. Key dates include trade date May 8, 2026, settlement May 12, 2026, final valuation date May 10, 2027, and maturity May 12, 2027. The minimum investment is 100 Notes at $10 per Note and the estimated initial value on the trade date is $9.78.

UBS AG offers Trigger Autocallable Contingent Yield Notes linked to First Solar, Inc. The preliminary pricing supplement dated May 8, 2026 sets a trade date of May 8, 2026, expected settlement on May 12, 2026, a final valuation date of May 10, 2028 and maturity on or about May 12, 2028. The Notes pay periodic contingent coupons only if the underlying stock meets coupon barriers on observation dates and are automatically called early if the underlying is at or above the initial level on any observation date. Principal repayment at maturity is contingent: if the final level is below the downside threshold you may incur a loss equal to the underlying return and could lose all of your investment. Minimum initial investment is 100 Notes ($1,000). The estimated initial value range is $9.41–$9.66 per Note. All payments are subject to UBS creditworthiness.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Applied Materials, Inc., maturing May 12, 2028. The notes pay a contingent coupon on each coupon payment date only if the underlying's closing level on the related observation date meets or exceeds the coupon barrier; otherwise no coupon is paid. UBS will automatically call the notes early if the underlying's closing level on an observation date before the final valuation date is equal to or greater than the initial level, in which case holders receive principal plus any contingent coupon then due. If not called and the final level is below the downside threshold, principal repayment at maturity is reduced pro rata to the underlying return, and investors could lose a significant portion or all of their investment. Trade date is May 8, 2026, settlement May 12, 2026, final valuation date May 10, 2028, and maturity May 12, 2028. The notes are unsecured obligations of UBS and repayment is subject to UBS creditworthiness; the estimated initial value on the trade date was $9.73 per $10 note.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Micron Technology common stock due May 12, 2027. The Notes pay contingent coupons only if the underlying closing level on an observation date meets or exceeds the coupon barrier; otherwise no coupon is paid. The Notes are automatically called if the underlying on any quarterly observation date (beginning after six months) is equal to or greater than the initial level, in which case UBS pays principal plus any contingent coupon due on the related call settlement date. If not called, principal repayment at maturity is contingent: if the final level is at or above the downside threshold you receive the $10 principal per Note; if below, repayment equals $10 × (1 + underlying return), exposing investors to the percentage decline in the underlying and potential loss of all principal. All payments are subject to UBSs creditworthiness. Trade date is May 8, 2026 and settlement is May 12, 2026.

UBS AG priced a preliminary offering of Trigger Autocallable Contingent Yield Notes linked to the common stock of Royal Caribbean Cruises Ltd. The Notes have a trade date of May 8, 2026, expected settlement on May 12, 2026, a final valuation date of May 10, 2028 and a maturity date of May 12, 2028. Each Note has a principal amount of $10 and offers periodic contingent coupons paid only if the underlying meets a coupon barrier on observation dates; an automatic call can return principal plus any coupon if the underlying reaches the initial level on an observation date. If not called and the final level is below the downside threshold, principal repayment at maturity may be reduced proportionally to the underlying decline, potentially resulting in the loss of a substantial or all initial investment. The preliminary estimated initial value range is $9.43–$9.68 per Note, and the minimum investment is 100 Notes.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of United Airlines Holdings, Inc.. The preliminary pricing supplement dated May 8, 2026 sets expected trade and settlement mechanics and explains that contingent coupons and principal repayment depend on observation dates, an automatic call feature, downside and coupon barriers, and UBS’s creditworthiness. The Notes have a principal amount of $10 per Note, a minimum investment of 100 Notes ($1,000), and a potential maturity date of May 12, 2028. These structured notes may pay periodic contingent coupons only if the underlying stock meets the coupon barrier on observation dates; otherwise no coupon is paid. If not called and the final level is below the downside threshold, repayment at maturity can be less than principal, including a total loss of principal in extreme decline scenarios. The estimated initial value range is stated as $9.44 to $9.69 per Note, and example pricing uses a hypothetical contingent coupon rate of 22.92% per annum. All payments are subject to UBS credit risk 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 Vistra Corp. The Notes pay periodic contingent coupons only if the underlying closes at or above a coupon barrier on observation dates and may be automatically called early if the underlying closes at or above the initial level on any prior observation date. If not called, repayment at maturity depends on the final level versus a downside threshold; if the final level is below that threshold, principal repayment will be reduced proportionally and investors could lose most or all of their investment. Trade date is May 8, 2026, expected settlement May 12, 2026, final valuation date May 10, 2028 and maturity May 12, 2028. The Notes have a $10 principal amount per Note and an estimated initial value range of $9.42–$9.67 as of the trade date. All payments are subject to UBS credit risk.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Credicorp Ltd. The preliminary pricing supplement dated May 8, 2026 sets a trade date of May 8, 2026, expected settlement on May 12, 2026, a final valuation date of May 10, 2027 and maturity on May 12, 2027. Each Note has a principal amount of $10 and a minimum purchase of 100 Notes ($1,000). The Notes pay periodic contingent coupons only if the underlying stock closes at or above a coupon barrier on observation dates, are automatically called if the underlying meets 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. If the final level is below the downside threshold, investors suffer a loss tied to the percentage decline in the underlying, possibly losing their entire investment. Estimated initial value range on the trade date is between $9.22 and $9.47. Payments depend on UBS creditworthiness.

UBS AG offers Trigger Autocallable Contingent Yield Notes linked to the common stock of Applied Materials, Inc. The trade date is May 8, 2026, settlement May 12, 2026, final valuation May 10, 2028 and maturity May 12, 2028. The notes pay a contingent coupon only if the underlying closing level on an observation date is at or above the coupon barrier. The notes will be automatically called early if the underlying closes at or above the initial level on any observation date prior to final valuation, in which case holders receive principal plus any contingent coupon due on the call settlement date. If not called, principal is repaid at maturity only if the final level is at or above the downside threshold (declared here as $70.00, or 70.00% of the initial level); if the final level is below that threshold, holders suffer a loss equal to the underlying return and could lose their full investment. The offering minimum is 100 notes at $10 per note; the estimated initial value range is $9.43 to $9.68. All payments remain subject to UBS credit risk.

The issuer UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Apollo Global Management, Inc. The Notes pay periodic contingent coupons only if the underlying closing level meets a coupon barrier on observation dates and may be automatically called early if the underlying equals or exceeds the initial level on any prior observation date. If not called, principal repayment at maturity is contingent: full principal is paid only if the final level is at or above the downside threshold; if the final level is below that threshold, holders suffer a loss equal to the underlying return and could lose all principal. The Notes are unsecured obligations of UBS and payments depend on UBS’s creditworthiness.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Capital One Financial Corporation, with expected trade date May 8, 2026, settlement on May 12, 2026, final valuation date May 10, 2027 and maturity on May 12, 2027. The Notes pay contingent coupons only when the underlying stock closes at or above a coupon barrier on observation dates and will be automatically called early if the stock 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 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. Payments depend on UBS's creditworthiness. The estimated initial value per Note is between $9.46 and $9.71, and the Notes are offered in minimum denominations of 100 Notes at $10 per Note.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Credicorp Ltd. common stock due May 12, 2027. The Notes pay a periodic contingent coupon only if the underlying closing level on an observation date is at or above the coupon barrier; otherwise no coupon is paid.

If the underlying closes at or above the initial level on any observation date prior to final valuation, the Notes will be automatically called and UBS will pay principal plus any contingent coupon on the related call settlement 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, repayment at maturity is reduced pro rata and investors can lose a significant portion or all principal. All payments depend on UBS creditworthiness. Trade/settlement and final valuation/maturity dates are specified.

UBS AG priced a preliminary offering of Trigger Autocallable Contingent Yield Notes linked to the common stock of Micron Technology, Inc. The notes have a $10 principal amount per note, an expected trade date of May 8, 2026, settlement on May 12, 2026, a final valuation date of May 10, 2027, and expected maturity on May 12, 2027.

The notes pay periodic contingent coupons only if the closing level of the underlying meets the coupon barrier on observation dates; they are subject to quarterly autocall starting after six months if the underlying equals or exceeds the initial level. If not called, principal repayment at maturity is contingent on the final level relative to a downside threshold, exposing investors to the underlying's negative return; in extreme cases investors could lose their entire principal. Payments are subject to the creditworthiness of UBS. The preliminary estimated initial value is between $9.39 and $9.64 per note and minimum purchase is 100 notes ($1,000).

The issuer, UBS AG, is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Broadcom Inc., maturing on May 12, 2028. The Notes may pay periodic contingent coupons only if the underlying closes at or above a 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 prior to maturity. 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, investors suffer a loss in proportion to the underlying return and could lose their entire investment. All payments, including any contingent coupons and any principal repayment, are subject to UBS's creditworthiness. Trade date is May 8, 2026 and settlement is expected on May 12, 2026. The estimated initial value was stated as $9.72 per $10 Note.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Apollo Global Management, Inc., with an expected trade date of May 8, 2026, settlement on May 12, 2026 and maturity on or about May 12, 2028. The Notes pay periodic contingent coupons only if the underlying stock’s closing level on an observation date is at or above a coupon barrier and include an automatic call if the underlying equals or exceeds the initial level on any observation date before maturity. Principal repayment at maturity is contingent: if the final level is below a disclosed downside threshold, holders suffer a loss equal to the underlying return; in extreme cases, the investor could lose the entire investment. The Notes have a $10 principal amount per Note, a minimum purchase of 100 Notes, an estimated initial value range of $9.40–$9.65 per Note as of the trade date, and are subject to UBS credit risk. This is a preliminary pricing supplement and final terms will be set on the trade date.

UBS AG priced a preliminary offering of Trigger Autocallable Contingent Yield Notes linked to the common stock of Credicorp Ltd. The Notes pay contingent coupons only when the underlying meets a coupon barrier on observation dates and carry an automatic call 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 the downside threshold you receive $10 per Note; if below, repayment equals $10 x (1 + underlying return), which can produce a loss up to the full principal. Trade date is May 8, 2026, settlement May 12, 2026, final valuation date May 10, 2027, maturity May 12, 2027. The offering has significant market and credit risk; payments depend on UBS creditworthiness. This is a preliminary pricing supplement and final terms will be set on the trade date.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Broadcom Inc. The notes pay periodic contingent coupons only if the underlying stock closes at or above a coupon barrier on observation dates and can be automatically called early if the stock equals or exceeds the initial level on any observation date. If not called, principal repayment at maturity depends on the final level relative to a downside threshold; a final level below that threshold results in a loss tied to the percentage decline in the underlying stock. Trade date is May 8, 2026, settlement May 12, 2026, final valuation date May 10, 2028, and maturity May 12, 2028. The notes are unsecured obligations of UBS and any payments depend on UBS creditworthiness.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Advanced Micro Devices, Inc. common stock due May 12, 2027. The Notes pay contingent quarterly coupons only if the underlying closing level meets the coupon barrier and are automatically called early if the underlying closes at or above the initial level on any quarterly observation date beginning after six months.

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, repayment is reduced proportionally to the underlying return and investors can lose a large part or all of their investment. All payments are subject to UBS credit risk. Trade date is May 8, 2026; settlement May 12, 2026; final valuation date May 10, 2027; maturity May 12, 2027.

UBS AG priced a preliminary offering of Trigger Autocallable Contingent Yield Notes linked to Advanced Micro Devices, Inc. stock due on or about May 12, 2027. The Notes pay a contingent coupon only if the underlying stock closes at or above a coupon barrier on observation dates and may be automatically called quarterly if the stock 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; if the final level is below that threshold, holders suffer a loss equal to the underlying return and could lose their entire principal. Payments are subject to UBS credit risk. The trade date and settlement date are May 8, 2026 and May 12, 2026, respectively.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Credicorp Ltd. The notes pay periodic contingent coupons only if the underlying's closing level meets or exceeds the coupon barrier on observation dates and may be automatically called early if the underlying meets or exceeds the initial level. If not called, principal repayment at maturity is contingent: full principal is paid only if the final level is at or above the downside threshold; otherwise repayment is reduced pro rata by the underlying return, and investors could lose a substantial portion or all of their investment. Payments depend on UBS's creditworthiness. Key dates include trade date May 8, 2026, settlement May 12, 2026, final valuation date May 10, 2027 and maturity May 12, 2027. The estimated initial value was $9.50 per $10 Note and the offering minimum is 100 Notes.

UBS AG offers Trigger Autocallable Contingent Yield Notes linked to the common stock of Intel Corporation. The notes pay periodic contingent coupons only if the underlying closing level meets the coupon barrier on observation dates and are subject to automatic early redemption if the underlying reaches the initial level on any observation date. If not called, principal repayment at maturity depends on the final level relative to the downside threshold and can result in a loss of principal equal to the percentage decline in the underlying; in extreme cases you could lose your entire investment. The notes trade May 8, 2026, settle May 12, 2026, have a final valuation date of May 10, 2028 and mature May 12, 2028. The estimated initial value on the trade date is $9.72 per $10 note; any payment is subject to UBS credit risk.

The issuer, UBS AG, is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Freeport-McMoRan Inc. The Notes pay periodic contingent coupons only if the underlying stock closes at or above a stated coupon barrier on observation dates and will be automatically called early if the underlying closes at or above the initial level on any prior observation date. If not called, principal repayment at maturity depends on the final level relative to a downside threshold; if the final level is below that threshold you may suffer a loss equal to the underlying return, possibly losing your entire investment. Trade and settlement dates are May 8, 2026 and May 12, 2026; final valuation and maturity dates are May 10, 2028 and May 12, 2028. The estimated initial value per Note was $9.71. The Notes are unsecured obligations of UBS and repayment is subject to UBS credit risk.

UBS AG offers Trigger Autocallable Contingent Yield Notes linked to the common stock of Credicorp Ltd. The preliminary pricing supplement dated May 08, 2026 sets key dates: trade date May 8, 2026, expected settlement May 12, 2026, final valuation date May 10, 2027 and maturity May 12, 2027. The Notes pay contingent coupons only when the underlying closing level meets or exceeds a coupon barrier on observation dates and are automatically called if the underlying closes at or above the initial level on any observation date prior to the final valuation date. If not called, principal repayment at maturity is contingent: full principal is paid if the final level is equal to or above the downside threshold; if below, repayment is reduced pro rata to the underlying return and could result in a total loss of principal. The Notes are unsecured obligations of UBS and any payment is subject to UBS credit risk. Minimum investment is 100 Notes ($1,000). The estimated initial value range on the trade date is $9.24–$9.49 per $10 Note (UBS internal models).

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Intel Corporation with a trade date of May 8, 2026, expected settlement on May 12, 2026 and maturity on May 12, 2028. The notes pay periodic contingent coupons only when the underlying closing level meets or exceeds a coupon barrier on observation dates and are automatically called if the underlying closes at or above the initial level on any observation date prior to the final valuation date. If not called, principal is repaid at maturity only if the final level is at or above the downside threshold; if the final level is below that threshold, holders suffer losses tied to the underlying return and could lose their entire investment. The notes are unsecured obligations of UBS and payments depend on UBS's creditworthiness. The estimated initial value per $10 Note is between $9.39 and $9.64, and the minimum purchase is 100 Notes (representing $1,000).

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Freeport-McMoRan Inc. with a trade date of May 8, 2026, expected settlement on May 12, 2026 and maturity on May 12, 2028.

The Notes pay periodic contingent coupons only if the underlying closes at or above a coupon barrier on observation dates, feature an automatic call if the underlying closes at or above the initial level on any interim observation date, and provide contingent principal repayment at maturity only if the final level is at or above a stated downside threshold. Estimated initial value is stated between $9.41 and $9.66 per $10 Note. Investors may lose a significant portion or all of principal if the final level is below the downside threshold and are exposed to UBS credit risk.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Advanced Micro Devices, Inc. common stock due May 12, 2028. The Notes pay periodic contingent coupons only if the underlying stock's closing level on an observation date is at or above the coupon barrier and may be automatically called early if the closing level on an observation date is at or above the initial level. If not called, repayment of principal at maturity is contingent on the final level relative to a downside threshold and can result in a loss equal to the percentage decline in the underlying asset; in extreme cases you could lose all of your initial investment. All payments, including principal, are subject to the creditworthiness of UBS.

UBS AG has posted a preliminary pricing supplement for Trigger Autocallable Contingent Yield Notes linked to the common stock of Advanced Micro Devices, Inc. The notes pay periodic contingent coupons only if the underlying stock meets coupon barriers on observation dates and can be automatically called early if the stock reaches or exceeds the initial level.

The notes have a principal amount of $10 per Note, a trade date of May 8, 2026, expected settlement on May 12, 2026, a final valuation date of May 10, 2028 and maturity on May 12, 2028. The estimated initial value per Note is between $9.44 and $9.69. If not called and the final level is below the downside threshold, principal repayment can be reduced and investors may lose a significant portion or all of their investment. All payments are subject to UBS credit risk.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Citigroup Inc. common stock with a stated offering capacity of $1,000,000. The Notes pay a periodic contingent coupon only if the underlying closing level on an observation date is at or above the coupon barrier; they are automatically called early if the underlying closes at or above the initial level on any observation date prior to the final valuation date. If not called, principal is repaid at maturity only if the final level is at or above the downside threshold; if the final level is below that threshold, redemption will be reduced in direct proportion to the underlying return and could result in a complete loss of principal. Payments (including principal) are subject to UBS credit risk. Trade date is May 8, 2026, expected settlement May 12, 2026, final valuation date May 10, 2028, and maturity May 12, 2028. The estimated initial value per $10 Note was $9.79.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to ServiceNow, Inc. common stock with a stated aggregate offering size of $281,000. The Notes pay periodic contingent coupons only if the underlying stock closes at or above a 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 prior to the final valuation date. At maturity, principal is repaid only if the final level is at or above a stated downside threshold; otherwise principal is reduced pro rata to the underlying return and you could lose all principal.

The Notes have trade and settlement dates in May 2026 and mature on May 12, 2028. Estimated initial value was $9.73 per $10 Note. All payments, including principal, depend on UBS creditworthiness.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Citigroup Inc. with expected trade date May 8, 2026, settlement on May 12, 2026 and maturity on May 12, 2028. The notes pay a contingent coupon only if the underlying meets the coupon barrier on observation dates and may be automatically called early if the underlying closes at or above the initial level on an observation date. Principal repayment at maturity is contingent: if the final level is below the downside threshold the cash payment can be less than the principal amount and could result in a loss up to the full principal; all payments are subject to the creditworthiness of UBS. The estimated initial value range is $9.41 to $9.66 per $10 note; the example contingent coupon shown is 9.34% per annum.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Oracle Corporation with a final valuation date of May 10, 2028 and maturity on May 12, 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 coupon barrier; otherwise no contingent 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; upon an automatic call UBS will pay principal plus any contingent coupon then due. If the Notes are not called and the final level is below the downside threshold, holders receive a reduced cash payment at maturity equal to $10 x (1 + Underlying Return), which can result in a substantial loss or total loss of principal. The estimated initial value on the trade date was $9.73. The Notes carry UBS credit risk and are not FDIC insured.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of ServiceNow, Inc. via a preliminary pricing supplement dated May 8, 2026. The Notes pay periodic contingent coupons only if the underlying meets coupon barriers on observation dates and are automatically called if the underlying meets an initial-level trigger on an observation date prior to the final valuation date. The Notes mature on or about May 12, 2028 and repay principal at maturity only if the final level is at or above the downside threshold; if below, principal repayment is reduced pro rata by the underlying return and you could lose a significant portion or all of your investment.

The offering examples show a hypothetical contingent coupon rate of 24.94% per annum, a downside threshold and coupon barrier at $70.00 (70.00% of the initial level) and a minimum purchase of 100 Notes ($1,000). The estimated initial value range on the trade date is shown as $9.37 to $9.62 per Note. All payments are subject to UBS credit risk; the Notes are unsecured, not FDIC-insured, and will not be listed.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Snowflake Inc. common stock due May 14, 2029. The Notes pay periodic contingent coupons only if the underlying closing level meets or exceeds a coupon barrier on observation dates and are subject to an automatic call if the underlying equals or exceeds the initial level on any observation date prior to the final valuation date. If not called, principal repayment at maturity is contingent: if the final level is at or above the downside threshold you receive $10 per Note, but if the final level is below the downside threshold you receive $10 x (1 + underlying return), which may result in a substantial loss or a total loss of principal. The Notes are unsecured obligations of UBS and any payment depends on UBS creditworthiness. Trade and settlement dates are May 8, 2026 and May 12, 2026; final valuation and maturity dates are May 10, 2029 and May 14, 2029. The estimated initial value is $9.70 per Note and minimum investment is 100 Notes at $10 per Note.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Broadcom Inc. common stock due May 12, 2028. The Notes pay periodic contingent coupons only if the underlying closes at or above a coupon barrier on observation dates and can be 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 disclosed downside threshold; if the final level is below that threshold, holders suffer a loss equal to the underlying return and could lose their entire investment. Payments, including any principal repayment, are subject to UBS credit risk. The Notes have a minimum purchase of 100 Notes ($1,000) and an estimated initial value of $9.78 per $10 Note.

UBS AG priced a preliminary offering for Trigger Autocallable Contingent Yield Notes linked to the common stock of Oracle Corporation due on or about May 12, 2028. The Notes pay 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. Principal repayment at maturity is contingent: if the final level is below the downside threshold the cash payment per Note may be less than the principal amount, resulting in a loss equal to the underlying return; in extreme cases you could lose all of your investment. Trade date is May 8, 2026 with expected settlement May 12, 2026. The Notes are unsecured obligations of UBS and any payments depend on UBS creditworthiness. Minimum investment is 100 Notes at $10 per Note.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Constellation Energy Corporation common stock that mature on May 12, 2028. The Notes pay periodic contingent coupons only if the underlying closing level on observation dates meets or exceeds a coupon barrier and will be automatically called early if the underlying equals or exceeds the initial level on any observation date prior to the final valuation date. At maturity, if not autocalled, principal is repaid only if the final level is at or above the downside threshold; if the final level is below the downside threshold, repayment is reduced pro rata to the underlying return and you could lose a significant portion or all of your investment. The estimated initial value as of the trade date is $9.68 per $10 Note. All payments are subject to UBS credit risk; the Notes are unsecured, unlisted, and carry liquidity and market risks described in the Key Risks section.

UBS AG offers $575,000 in Airbag Autocallable Yield Notes linked to Oracle Corporation stock due May 12, 2027. The Notes pay a coupon on each coupon payment date unless automatically called; UBS will automatically call the Notes early if the underlying closing level on any observation date is equal to or greater than the initial level. If not called, principal repayment at maturity is contingent: UBS will repay $1,000 per Note if the final level is at or above the conversion level, otherwise investors will receive a share delivery amount (a number of Oracle shares equal to $1,000 divided by the conversion level) that may be worth less than principal. Trade date is May 8, 2026, settlement May 12, 2026, final valuation date May 10, 2027, and maturity May 12, 2027. The pricing example shows a coupon rate of 13.93% per annum, monthly coupon ≈ $11.6083, estimated initial value $979.90. Payments and any principal are subject to UBS creditworthiness; purchasers may lose some or all of their investment.

UBS AG priced a preliminary offering of Trigger Autocallable Contingent Yield Notes linked to the common stock of Snowflake Inc. The Notes have a trade date of May 8, 2026, expected settlement on May 12, 2026, a final valuation date of May 10, 2029, and a maturity date of May 14, 2029.

The Notes pay a contingent coupon only if the underlying's closing level on an observation date meets or exceeds a coupon barrier; they are subject to an automatic call if the underlying closes at or above the initial level on any observation date prior to the final valuation date. If not called and the final level is below the downside threshold, principal repayment at maturity will decline proportionally to the underlying return, potentially resulting in a total loss of principal. The Notes have a principal denomination of $10 per Note with a minimum purchase of 100 Notes ($1,000). The estimated initial value range is $9.35–$9.60 per Note and the preliminary example shows a contingent coupon rate of 25.03% per annum.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Constellation Energy Corporation, with a trade date of May 8, 2026, expected settlement on May 12, 2026, a final valuation date of May 10, 2028 and maturity on May 12, 2028.

The Notes pay a contingent coupon only if the underlying stock's closing level on an observation date is at or above a coupon barrier; they automatically call early if the underlying is at or above the initial level on any 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, potentially resulting in a substantial or total loss. Any payments depend on UBS's creditworthiness. The preliminary estimated initial value is shown as $9.38–$9.63 per $10 Note; final terms will be set on the trade date.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Broadcom Inc. The trade date is May 8, 2026, settlement is May 12, 2026, final valuation date is May 10, 2028 and maturity is May 12, 2028. The notes pay a contingent coupon on each coupon payment date only if the underlying's closing level on the applicable observation date is at or above a coupon barrier; otherwise no coupon is paid.

The notes feature an automatic call if the underlying closes at or above the initial level on any observation date before the final valuation date (principal plus any contingent coupon paid on the call settlement date). If not called and the final level is below the downside threshold, principal repayment at maturity is contingent and may decline pro rata with the underlying return; in extreme cases you could lose all principal. The preliminary estimated initial value is between $9.43 and $9.68 per $10 Note. Minimum investment is 100 Notes ($1,000).

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Fluor Corporation common stock due May 12, 2028. The Notes pay contingent coupons only if the underlying 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 is repaid at maturity only if the final level is at or above the downside threshold; otherwise repayment declines in proportion to the underlying return and investors can lose a significant portion or all of principal. All payments are subject to UBS credit risk. Trade date is May 8, 2026 and settlement is May 12, 2026.

UBS AG is offering Airbag Autocallable Yield Notes linked to the common stock of Oracle Corporation, with a trade date of May 8, 2026, expected settlement on May 12, 2026 and maturity on May 12, 2027. Each Note has a principal amount of $1,000 and pays periodic coupons unless the Notes are automatically called.

The Notes are subject to an automatic call if the underlying's closing level on any observation date is equal to or greater than the initial level; on an automatic call UBS pays principal plus the coupon for that coupon period. If not called, repayment at maturity depends on the final level versus a conversion level: UBS will repay $1,000 if the final level is at or above the conversion level, but will deliver a share delivery amount (shares of Oracle) if the final level is below the conversion level, which could cause a loss of some or all of your initial investment. All payments are subject to UBS credit risk. The preliminary estimated initial value range is $953 to $978.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Fluor Corporation, with a trade date of May 8, 2026, expected settlement on May 12, 2026, final valuation date May 10, 2028 and maturity on May 12, 2028. Each Note has a principal amount of $10. The Notes can autocal l early if the underlying stock closes at or above the initial level on an observation date; they pay a contingent coupon on coupon payment dates only if the underlying closes at or above the coupon barrier on the applicable observation date. If not autocal led and the final level is below the downside threshold, principal repayment at maturity will be reduced pro rata to the underlying return, potentially resulting in loss of all principal. The estimated initial value range is $9.30–$9.55 per Note and an example contingent coupon rate shown is 12.39% per annum.

UBS AG is offering $2,816,000 of Trigger Callable Yield Notes linked to the least performing of the Russell 2000® Index and the S&P 500® Index due August 11, 2027. The Notes pay a fixed 8.75% per annum coupon monthly but are issuer-callable monthly beginning after three months.

If UBS calls the Notes, holders receive principal plus the coupon for the call settlement date. If not called, repayment at maturity is contingent: full principal is paid only if each underlying index is at or above its 70.00% downside threshold; otherwise repayment is reduced pro rata based on the least performing underlying asset, potentially resulting in loss of a significant portion or all principal. Payments are subject to UBS credit risk.

UBS AG is offering Trigger Callable Contingent Yield Notes due May 11, 2028, linked to the least performing of DIA, RSP and XLV. The Notes pay a contingent coupon of 8.10% per annum when each underlying asset meets its coupon barrier on an observation date, are issuer-callable monthly (beginning ~3 months after issue) and repay principal at maturity only if every underlying final level is at or above a 70.00% downside threshold. If any underlying is below its downside threshold at maturity, repayment equals $1,000 × (1 + underlying return of the least performing underlying asset), which can result in a substantial loss, including total loss. The issue size is $922,000 and the estimated initial value per Note was $981.60 as of the trade date.

UBS AG priced a capped GEARS offering linked to Vistra Corp. common stock. The securities are unsubordinated, unsecured notes that mature on May 11, 2029 and repay an amount tied to the percentage change in Vistra's closing price between the trade date and the final valuation date.

Each $10 Security returns the principal at maturity if the underlying return is zero; if positive, payment equals $10 × (1 + the lesser of (Underlying Return × Upside Gearing) and the Maximum Gain); if negative, payment equals $10 × (1 + Underlying Return), exposing holders to full downside. The example terms show $10 principal, Upside Gearing 3.00, and Maximum Gain 114.03%. Credit risk of UBS applies to all payments.

UBS AG is offering $5,260,000 of Trigger Callable Contingent Yield Notes linked to the least performing of the Nasdaq-100® Technology Sector Index and the Russell 2000® Index, maturing April 4, 2028. The Notes pay a contingent coupon of 12.40% per annum on each coupon payment date only if the closing level of both underlying assets meets or exceeds their coupon barriers on the applicable observation dates; otherwise no coupon is paid.

The Notes are callable by UBS beginning after three months on monthly observation dates. If not called, principal is repaid at maturity only if each underlying asset’s final level is at or above its downside threshold (70.00% of the initial level); otherwise the maturity payment is reduced pro rata to the negative return of the least performing underlying asset, and investors could lose a substantial portion or all of their principal. All payments are subject to UBS credit risk. Trade date is April 30, 2026; settlement May 5, 2026.

UBS AG is offering $540,000 of Trigger Callable Contingent Yield Notes linked to the least performing of the S&P 500®, the Nasdaq-100® Technology Sector and the Russell 2000®, due May 10, 2029. The Notes pay an 11.60% per annum contingent coupon only if each underlying asset closes at or above its coupon barrier on an observation date; otherwise no coupon is paid. UBS may call the Notes monthly (first callable after ~9 months). At maturity, if any final level is below its 70.00% downside threshold, principal is reduced pro rata to the decline of the least performing underlying asset; you could lose a significant portion or all of your investment. The issue price is $1,000 per Note, estimated initial value $987.60, and proceeds to UBS are $536,220.