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

UBS AG offers $2,808,000 of Trigger Callable Contingent Yield Notes linked to the least performing of the Russell 2000® Index and the S&P 500® Index. The notes pay a contingent coupon of 10.40% per annum when both underlyings meet coupon barriers on monthly observation dates and are callable by UBS beginning after three months. If not called, principal repayment at maturity depends on the least performing underlying relative to a 65.00% downside threshold; investors may lose a significant portion or all principal and are exposed to UBS credit risk.

UBS AG is offering Capped GEARS linked to the common stock of ASML Holding N.V. The Securities pay at maturity based on the underlying return from the trade date to the final valuation date: a positive return yields the principal plus the lesser of (underlying return × Upside Gearing) and the Maximum Gain; a zero return returns principal; a negative return produces a loss equal to the underlying return and could result in loss of all principal. Trade date was May 7, 2026, settlement May 11, 2026, final valuation date May 9, 2029 and maturity May 11, 2029.

The terms show Upside Gearing 3.00, Maximum Gain 101.58%, principal per Security $10, minimum investment 100 Securities ($1,000), and an estimated initial value of $9.29 determined by UBS’ internal pricing models. Payments, including principal repayment, are subject to UBS credit risk and the Securities will not be listed on an exchange.

UBS AG proposes Capped Leveraged Buffered MSCI EAFE® Index-Linked Medium-Term Notes that pay no interest and have a term expected to be between 26 and 29 months. Returns are tied to the MSCI EAFE® Index with an upside participation rate of 160.00%, a 15.00% buffer (buffer level 85.00% of initial) and a cap level expected to be between 116.41% and 119.30% of the initial underlier level.

If the final underlier level is above the initial level, holders receive principal plus 160.00% of the underlier return up to a maximum settlement amount expected between $1,262.56 and $1,308.80 per $1,000 face amount. If the final level declines by up to 15.00% you receive $1,000; below that you suffer leveraged downside (~1.1765% loss per 1% decline below the buffer). The notes are unsecured obligations of UBS, not FDIC insured, not listed, and may result in total loss of principal. The estimated initial value is between $966.20 and $996.20 per $1,000, below the issue price.

UBS AG is offering Trigger Callable Contingent Yield Notes due May 9, 2031 linked to the least performing of the Nasdaq-100, Russell 2000 and S&P 500 indices. The notes pay a 8.50% per annum contingent coupon when all three indices are at or above coupon barriers on observation dates; otherwise no coupon is paid. UBS may call the notes on semiannual observation dates; if not called, repayment at maturity is contingent on the least performing index remaining at or above its downside threshold, otherwise principal is reduced pro rata to that index's negative return.

The issue price is $1,000 per note (total offered $765,000); the issuer's estimated initial value was $989.90. Payments are subject to UBS credit risk and the notes are not bank deposits or FDIC insured.

UBS AG London Branch is offering Digital S&P 500® Index-Linked Medium-Term Notes with a stated maturity of May 14, 2027. Each note has a face amount of $1,000 and aggregate offered face amount is $3,511,000. The cash settlement depends on the S&P 500 Index performance from the trade date May 6, 2026 to the determination date May 12, 2027. If the final underlier level is at least the buffer level (90.00% of the initial underlier level of 7,365.12) holders receive the maximum settlement amount of $1,087.10 per $1,000 face amount. If the final underlier level is below the buffer, holders suffer a leveraged downside: approximately 1.1111% loss of face amount for each 1% negative return below the buffer, potentially losing the entire investment. The estimated initial value on the trade date was $988.00 per $1,000 face amount; issue price is 100.00% with an underwriting discount of 0.88%. The notes bear no interest, are unsecured obligations of UBS, are not FDIC insured, are not listed, and have limited secondary market liquidity.

UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the Dow Jones Industrial Average and the S&P 500. The Notes have a principal amount of $1,000 per Note, a contingent coupon rate of 7.40% per annum (equal to $18.50 per quarter if payable), and are callable by UBS on quarterly observation dates. Trade date is May 15, 2026, expected settlement May 20, 2026, final valuation May 15, 2029 and maturity May 18, 2029. If UBS does not call the Notes and the final level of any underlying asset is below its downside threshold (set at 55.00% of its initial level), repayment at maturity may be less than principal and could result in a total loss. The estimated initial value range is $962.10 to $992.10 per Note. All payments are subject to UBS credit risk and the Notes will not be exchange listed.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Micron Technology, Inc. with an expected trade date of May 6, 2026, settlement on May 8, 2026, a final valuation date of May 4, 2028 and maturity on May 8, 2028. The notes pay periodic contingent coupons only if 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 prior observation date.

The notes repay principal at maturity only if the final level is at or above the disclosed downside threshold; if the final level is below that threshold, repayment is reduced in direct proportion to the underlying return (investors could lose a significant portion or all principal). The offering minimum is 100 notes at $10 per note and the estimated initial value range is $9.49 to $9.74 per note. All payments are subject to the creditworthiness of UBS AG.

UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the Russell 2000® Index and the Nasdaq-100® Technology Sector, due on or about April 20, 2028. The notes pay a contingent coupon only if each underlying closes at or above its coupon barrier on an observation date; UBS may call the notes monthly beginning after approximately three months. If not called, principal is repaid at maturity only if each final level is at or above its downside threshold; otherwise repayment is reduced in proportion to the decline of the least performing underlying asset (the downside threshold is 70.00% of initial level). The preliminary estimated initial value per $1,000 note is between $956.40 and $986.40, and the illustrative contingent coupon rate is 12.50% per annum. Payments are unsecured and subject to UBS credit risk. This document is a preliminary pricing supplement and final terms will be set on the strike date.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Apollo Global Management, Inc. The Notes pay a contingent coupon only if the underlying's closing level on an observation date meets or exceeds a coupon barrier and may be automatically called early if the underlying equals or exceeds the initial level on an observation date. If not called, principal is repaid at maturity only if the final level is at or above the downside threshold; otherwise repayment at maturity is reduced pro rata to the underlying return and investors can lose a significant portion, or all, of their investment. Trade date is May 7, 2026, settlement May 11, 2026, final valuation date May 7, 2027, and maturity May 11, 2027. The Notes are unsecured obligations of UBS and repayment depends on UBS creditworthiness. The estimated initial value was $9.77 per $10 Note; minimum investment is 100 Notes.

UBS AG priced a preliminary offering for Trigger Autocallable Contingent Yield Notes linked to the common stock of Apollo Global Management, Inc. The Notes mature on May 11, 2027 and have a principal amount of $10 per Note.

The Notes may pay periodic contingent coupons only if the underlying's closing level meets or exceeds a coupon barrier on observation dates, and they will be automatically called early if the underlying equals or exceeds the initial level on an observation date. If not called, principal repayment at maturity is contingent: full principal is paid if the final level is at or above the downside threshold; otherwise principal is reduced in proportion to the underlying return, which could produce a total loss. Estimated initial value on the trade date is between $9.45 and $9.70. Payments are subject to UBS credit risk.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Carnival Corporation common stock that mature on May 11, 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 coupon is paid. The Notes will be automatically called early if an observation-date closing is equal to or greater than the initial level; in that case you receive principal plus any contingent coupon on the related call settlement date. If not called and the final level is at or above the downside threshold, principal is repaid at maturity. If not called and the final level is below the downside threshold, the cash payment at maturity equals $10 x (1 + Underlying Return), which can result in a loss of principal up to 100%. The example terms show a contingent coupon rate of 24.06% per annum (approximately $1.203 per $10 note) and a downside threshold of $70.00 (70% of the initial level). The estimated initial value as of the trade date is $9.69. Minimum investment is 100 Notes ($1,000). All payments, including any repayment of principal, are subject to the creditworthiness of UBS.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Carnival Corporation, with a trade date of May 7, 2026 and expected settlement on May 11, 2026. The Notes mature on May 11, 2028 and feature periodic contingent coupons paid only if the underlying closing level meets or exceeds the coupon barrier on observation dates. The Notes will be automatically called early if the underlying closes at or above the initial level on any observation date; otherwise principal repayment at maturity is contingent on the final level relative to a downside threshold. Example terms show a $10 principal, a contingent coupon rate of 22.50% per annum (example contingent coupon of $1.125), an estimated initial value range of $9.32 to $9.57, and a downside threshold and coupon barrier of $70.00 (70% of the initial level). The Notes are unsecured obligations of UBS and repayment depends on UBS creditworthiness; investors may lose a significant portion or all of their investment.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Meta Platforms, Inc. The Notes have a $10 principal amount per Note, an estimated initial value of $9.77 and mature on May 11, 2028. The issuer will pay periodic contingent coupons only if the underlying stock meets the coupon barrier on observation dates and the Notes 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 on the final level relative to an 80.00% downside threshold; if the final level is below that threshold, holders suffer a loss proportional to the underlying return and could lose the entire investment. All payments are subject to UBS credit risk.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Abbott Laboratories common stock that mature May 11, 2027. The Notes pay 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. 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 you will suffer a loss equal to the underlying return and could lose your entire investment. All payments are subject to UBS credit risk. Trade date is May 7, 2026, settlement May 11, 2026, final valuation date May 7, 2027, and maturity May 11, 2027. The Notes have a $10 principal amount per Note, a sample contingent coupon rate of 19.45% per annum in the illustrative examples, and an estimated initial value of $9.77 as of the trade date.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Alaska Air Group common stock. The notes have a trade date of May 7, 2026, settlement on May 11, 2026, a final valuation date of May 9, 2029 and a maturity date of May 11, 2029. Each Note has a principal amount of $10 and an estimated initial value of $9.69.

The notes pay periodic contingent coupons only if the underlying closes at or above the coupon barrier on observation dates; they autocall early if the underlying closes at or above the initial level on any quarterly observation date (beginning after six months). If not called and the final level is below the downside threshold, principal repayment is contingent and could result in substantial loss, including loss of all principal. All payments are subject to UBS credit risk.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Meta Platforms, Inc. stock due November 12, 2027. The Notes pay contingent coupons only when the underlying closes at or above a coupon barrier on observation dates and are automatically called if the underlying closes at or above the initial level on any quarterly observation (beginning after 12 months). If not called, principal is repaid at maturity only if the final level is at or above the downside threshold; otherwise repayment is reduced in proportion to the underlying return, potentially resulting in a total loss. The Notes are unsecured obligations of UBS and payments depend on UBS creditworthiness.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Abbott Laboratories, with final terms set on the trade date. The Notes may pay periodic contingent coupons only if the underlying closes at or above the coupon barrier on observation dates and will be automatically called if the underlying closes at or above the initial level on any observation date prior to maturity. If not called, repayment at maturity is contingent: full principal is returned only if the final level is at or above the downside threshold; otherwise investors suffer a loss equal to the underlying return and could lose their entire investment. The offering shows a trade date of May 7, 2026, expected settlement on May 11, 2026, final valuation date May 7, 2027, and maturity on May 11, 2027. Minimum purchase is 100 Notes at $10 per Note. The estimated initial value range is $9.45 to $9.70 per Note; all payments remain subject to UBS credit risk.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Micron Technology, Inc. common stock due May 11, 2028. 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. If not called, principal repayment at maturity is contingent: if the final level is below the downside threshold you may suffer a loss equal to the underlying return (and could lose all principal). The Notes are unsecured obligations of UBS and any payment depends on UBS’s creditworthiness. Trade Date is May 7, 2026, settlement May 11, 2026, final valuation May 9, 2028, maturity May 11, 2028.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Alaska Air Group, Inc. The Notes mature on May 11, 2029 with a final valuation date of May 9, 2029, a trade date of May 7, 2026 and a expected settlement date of May 11, 2026. Each Note has a principal amount of $10. The Notes pay periodic contingent coupons only if the underlying stock closes at or above a specified coupon barrier on observation dates; they are automatically called if the underlying closes at or above the initial level on any quarterly observation date (beginning ~6 months after trade date). If not called, repayment at maturity is contingent: full principal is returned only if the final level is at or above the downside threshold; otherwise principal is reduced pro rata to the underlying return, and investors could lose all their initial investment. The preliminary example shows a contingent coupon rate of 19.08% per annum and an estimated initial note value range of $9.32 to $9.57. Minimum investment is 100 Notes ($1,000). These Notes are unsecured obligations of UBS and subject to UBS credit risk.

UBS AG is offering Capped GEARS linked to ASML Holding N.V. with maturity on May 11, 2029. The payment at maturity depends on the underlying return from the trade date to the final valuation date; positive returns pay principal plus upside gearing up to a maximum gain of 101.60%, zero return returns principal, and negative returns produce a loss equal to the underlying return. The Securities are unsecured debt of UBS, do not pay interest, carry full downside exposure to the underlying and credit risk of UBS, have an estimated initial value of $9.29 per $10 Security, and are offered in minimum increments of 100 Securities.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Meta Platforms, Inc. The preliminary pricing supplement dated May 07, 2026 sets trade and settlement expectations and describes quarterly observation dates, an automatic call feature, contingent coupons, and contingent principal repayment at maturity.

The notes pay contingent coupons only if an observation-date closing is at or above a coupon barrier and will autocall (early redeem) if an observation-date closing is at or above the initial level; if not called and the final level is below the downside threshold, principal repayment at maturity will be reduced proportionally to the underlying decline. Terms, including final amounts and any offering aggregate, will be set on the trade date.

UBS AG is offering $520,000 of Capped GEARS linked to the common stock of International Business Machines Corporation. Each Security has a principal amount of $10, a term of approximately 3 years, an upside gearing of 3.00 and a maximum gain of 78.33%. If the underlying return is positive, maturity pays $10 × (1 + the lesser of (Underlying Return × Upside Gearing) and Maximum Gain). If the underlying return is zero, you receive $10. If the underlying return is negative, your payment equals $10 × (1 + Underlying Return), and you may lose some or all of your principal. Estimated initial value as of the trade date is $9.19. Trade Date is May 7, 2026, Settlement May 11, 2026, Final Valuation Date May 9, 2029, and Maturity Date May 11, 2029. Any payment depends on UBS’s creditworthiness and the Securities will not be listed on an exchange.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Medtronic plc due May 11, 2029. The Notes pay contingent coupons only if the underlying meets a coupon barrier on observation dates and may be automatically called early if the underlying reaches the initial level. If not called, principal is repaid at maturity only if the final level is at or above a downside threshold; otherwise repayment can be less than principal and can reflect the full downside of the underlying. Payments depend on UBS's creditworthiness; the estimated initial value was $9.74 per $10 Note.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Meta Platforms, Inc. This is a preliminary pricing supplement dated May 7, 2026 and the notes are expected to settle on May 11, 2026 and mature on or about May 11, 2028. The notes pay periodic contingent coupons only if the underlying closing level meets or exceeds a coupon barrier on observation dates, are subject to an automatic call if the underlying equals or exceeds the initial level on an observation date, and repay principal at maturity only if the final level is at or above the downside threshold; otherwise holders suffer a loss tied to the underlying return.

The offering is preliminary and subject to final Offering Documents; the minimum purchase is 100 Notes ($1,000). Any payments, including repayment of principal, depend on UBS's creditworthiness. The estimated initial value on the trade date is between $9.42 and $9.67 per Note.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Marvell Technology, Inc., due May 11, 2029. The Notes can pay periodic contingent coupons only if the underlying stock closes at or above a coupon barrier on specified observation dates and will be 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; otherwise repayment falls in proportion to the decline in the underlying and investors could lose a significant portion or all of their investment. Trade date is May 7, 2026, settlement May 11, 2026, final valuation date May 9, 2029, and maturity May 11, 2029. Minimum investment is 100 Notes at $10 per Note; the estimated initial value on the trade date is $9.70. All payments are subject to UBS credit risk.

UBS AG offers Capped GEARS linked to the common stock of ASML Holding N.V., with final terms set on the trade date. The securities have a trade date of May 7, 2026, expected settlement on May 11, 2026, a final valuation date of May 9, 2029, and a maturity date of May 11, 2029. Each Security has a $10 principal amount and a minimum purchase of 100 Securities ($1,000).

Payment at maturity depends on the underlying return: positive returns are multiplied by an upside gearing (example: 3.00) but capped by the maximum gain (example: 98.55%). Negative returns produce proportional losses to principal; investors may lose some or all principal. The estimated initial value is between $9.09 and $9.34 as of the trade date.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Accenture plc due May 11, 2027. The Notes pay periodic contingent coupons only if the underlying meets a coupon barrier on observation dates and are automatically called early if the underlying closes at or above the initial level on any observation date. If not called, principal repayment at maturity is contingent on the final level relative to a downside threshold; if the final level is below that threshold, investors face downside exposure and could lose a significant portion or all of their investment. Payments are subject to UBS credit risk. Trade and settlement are expected on May 7, 2026 and May 11, 2026, respectively, with final valuation on May 7, 2027 and maturity on May 11, 2027. The estimated initial value per Note was $9.67 as of the trade date.

UBS AG offers Trigger Autocallable Contingent Yield Notes linked to the common stock of Western Digital Corporation due May 11, 2027. The Notes pay periodic contingent coupons only if the underlying's closing level on each observation date meets or exceeds a coupon barrier; otherwise no coupon is paid.

The Notes will be automatically called early if the underlying closes at or above its initial level on any observation date prior to maturity, in which case UBS pays principal plus any contingent coupon 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 can lose a significant portion or all principal. All payments are subject to UBS credit risk.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Micron Technology, Inc. The preliminary pricing supplement dated May 7, 2026 describes notes that pay periodic contingent coupons only if the underlying stock closes at or above a coupon barrier on observation dates and that are automatically called early if the underlying closes at or above the initial level on any observation date prior to final valuation. 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, holders receive an amount reduced in proportion to the underlying return and could lose most or all of their investment. The notes are unsecured obligations of UBS and payments depend on UBS creditworthiness. Trade date is May 7, 2026, settlement May 11, 2026, final valuation date May 9, 2028, and maturity May 11, 2028. The offering minimum is 100 Notes at $10 per Note; estimated initial value is between $9.39 and $9.64.

UBS AG priced a preliminary offering of Capped GEARS linked to IBM common stock. The Securities mature on May 11, 2029 with a final valuation date of May 9, 2029 and principal per Security of $10. Payment at maturity depends on the underlying return, providing enhanced positive exposure via a 3.00 upside gearing up to a 75.24% maximum gain, while delivering full downside market exposure (you may lose some or all principal). Trade date is May 7, 2026 and settlement is expected on May 11, 2026. The Securities are unsecured obligations of UBS and subject to UBS credit risk. The estimated initial value range on the trade date is $8.99 to $9.24. Minimum investment is 100 Securities (representing $1,000).

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Micron Technology, Inc. The notes pay periodic contingent coupons only if the underlying closing level on observation dates meets or exceeds a coupon barrier; otherwise no coupon is paid. The notes will be automatically called early if the underlying closing level on any observation date (prior to final valuation) is equal to or greater than the initial level, in which case UBS pays principal plus any contingent coupon due on the call settlement date. If not called, repayment of principal at maturity is contingent: if the final level is at or above the downside threshold, principal is returned; if below, the cash payment can be less than principal, equal to $10 x (1 + underlying return), and investors may suffer substantial losses, including loss of the entire principal. Payments are subject to UBS credit risk. Trade date and settlement are May 7, 2026 and May 11, 2026; final valuation and maturity are May 9, 2029 and May 11, 2029. The estimated initial value was stated as $9.60 per $10 note.

UBS AG priced a preliminary offering of Trigger Autocallable Contingent Yield Notes linked to the common stock of Medtronic plc, with a trade date of May 7, 2026 and expected maturity on May 11, 2029. The Notes pay contingent coupons only if the underlying meets coupon barriers on observation dates, can be automatically called early if the underlying equals or exceeds the initial level on an observation date, and repay principal at maturity only if the final level is at or above a downside threshold; otherwise principal is reduced proportionally to the underlying return. The Notes are unsecured obligations of UBS and repayment is subject to UBS creditworthiness. The estimated initial value range is stated as $9.35 to $9.60 per $10 Note and minimum investment is 100 Notes.

UBS AG priced a preliminary offering for Trigger Autocallable Contingent Yield Notes linked to the common stock of Accenture plc, due on or about May 11, 2027. The Notes pay periodic contingent coupons only if the underlying meets a coupon barrier on observation dates and can be automatically called early if the underlying meets or exceeds the initial level on an observation date. At maturity the principal repayment is contingent: if the final level is below the downside threshold, principal is reduced proportionally to the underlying return and investors may lose a substantial portion or all of their principal. Payments remain subject to the creditworthiness of UBS.

UBS AG offers Trigger Autocallable Contingent Yield Notes linked to the common stock of Advanced Micro Devices, Inc. The Notes mature May 11, 2029 and include periodic contingent coupons, an automatic call if AMD’s closing level meets or exceeds the initial level on an observation date, and contingent repayment of principal at maturity tied to the final level versus a downside threshold.

The Notes have a $10 principal amount per Note, trade date May 7, 2026, settlement May 11, 2026, final valuation date May 9, 2029 and maturity May 11, 2029. The estimated initial value per Note is $9.66. Holders face downside market exposure at maturity if the final level is below the $60.00 downside threshold and are exposed to UBS credit risk.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to NVIDIA common stock due May 11, 2028. The notes pay a contingent coupon only if the underlying stock closes at or above the coupon barrier on observation dates and will be automatically called early if the stock closes at or above the initial level on any observation date prior to the final valuation date. If not called, principal is repaid at maturity only if the final level is at or above the downside threshold; otherwise principal is reduced pro rata to the underlying return and total loss is possible. Payments are subject to UBS credit risk. Trade date is May 7, 2026, settlement May 11, 2026, final valuation May 9, 2028, maturity May 11, 2028.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Marvell Technology, Inc. The Notes have a trade date of May 7, 2026, expected settlement on May 11, 2026, a final valuation date of May 9, 2029 and maturity on May 11, 2029. Each Note has a principal amount of $10 and a minimum investment of 100 Notes ($1,000).

The Notes pay periodic contingent coupons only if the underlying closing level meets the coupon barrier on observation dates, feature an automatic call if the underlying equals or exceeds the initial level on an observation date, and provide contingent repayment of principal at maturity tied to the final level relative to the downside threshold. Estimated initial value is between $9.35 and $9.60.

UBS AG offers Trigger Autocallable Contingent Yield Notes linked to the common stock of Advanced Micro Devices, Inc. The offering size shown is $550,000. The notes pay periodic contingent coupons only if the underlying stock closes at or above a coupon barrier on observation dates and will be automatically called early if the underlying closes at or above the initial level on any observation date prior to the final valuation date. If not called, principal repayment at maturity on May 11, 2029 depends on the final stock level relative to the downside threshold; if the final level is below that threshold, investors suffer a loss equal to the percentage decline in the underlying and could lose their entire principal. All payments are subject to the creditworthiness of UBS. Trade date is May 7, 2026 and settlement is May 11, 2026.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Western Digital Corporation, with expected trade date May 7, 2026, settlement on May 11, 2026, final valuation date May 7, 2027 and maturity on or about May 11, 2027. The Notes pay contingent coupons only if the underlying meets coupon barriers on observation dates and may be automatically called if the underlying reaches the initial level. Principal repayment at maturity is contingent on the final level relative to a downside threshold; investors may lose a material portion or all of principal. Minimum investment is 100 Notes ($1,000). The estimated initial value range is $9.40–$9.65 per Note.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Blackstone Inc., maturing on May 11, 2029. The Notes pay contingent coupons only if the underlying closing level meets the coupon barrier on observation dates and may be automatically called 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, repayment is reduced pro rata to the underlying return and could result in a total loss. The Notes are unsecured obligations of UBS and any payments are subject to UBS's creditworthiness. Trade date and settlement are May 7, 2026 and May 11, 2026, respectively; final valuation date is May 9, 2029. The estimated initial value was $9.60 per $10 Note.

UBS AG offers capped GEARS linked to Eli Lilly common stock that mature on May 11, 2029. The securities pay at maturity based on the percentage change in Eli Lilly's closing price from the trade date to the final valuation date, with upside participation capped and full downside exposure to declines. Key numeric terms shown include an Upside Gearing of 3.00, a Maximum Gain of 70.89%, an estimated initial value of $9.23 per $10 Security, a minimum investment of 100 Securities ($1,000), trade date May 7, 2026, final valuation date May 9, 2029, and maturity May 11, 2029.

The securities do not pay interest, repayment of principal is contingent on UBS’s creditworthiness, and investors may lose some or all of their investment if the final level is below the initial level or if UBS defaults.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Micron Technology, Inc. The Notes mature on May 11, 2029 with a final valuation date of May 9, 2029 and may be automatically called earlier if the underlying meets the initial level on an observation date.

The minimum investment is 100 Notes at $10 per Note. Estimated initial value is between $9.31 and $9.56. Payments (contingent coupons and principal at maturity) are contingent on the performance of the underlying and on UBS’s creditworthiness; investors can lose a significant portion or all principal if the final level is below the downside threshold.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Intel Corporation common stock due May 11, 2028. The Notes pay periodic contingent coupons only if the underlying closing level meets the coupon barrier on observation dates and will be automatically called early if the underlying 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 at or above the downside threshold; if the final level is below that threshold, repayment is reduced proportionally to the underlying return and you could lose a substantial portion or all of your investment. Payments are subject to UBS credit risk. Trade date is May 7, 2026; settlement May 11, 2026; final valuation date May 9, 2028; maturity May 11, 2028. The estimated initial value on the trade date is $9.75 per $10 Note.

UBS AG is offering $520,000 of Capped GEARS linked to the common stock of Vistra Corp. The Securities mature on May 11, 2029 with a final valuation date of May 9, 2029, provide enhanced upside exposure (Upside Gearing 3.00) capped at a 114.00% Maximum Gain, and expose investors to full downside market loss and UBS credit risk. The minimum investment is 100 Securities at $10 per Security ($1,000); the estimated initial value as of the trade date is $9.21. The payment at maturity depends on the underlying return: positive returns produce principal plus capped upside, zero returns repay principal, and negative returns produce a principal loss equal to the underlying return.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Marvell Technology, Inc. stock due November 12, 2027. The notes pay periodic contingent coupons only if the underlying closes at or above the coupon barrier on observation dates and are automatically called if the underlying closes at or above the initial level on any early observation date. If not called, principal repayment at maturity is contingent: full principal is repaid only if the final level is at or above the downside threshold; otherwise principal is reduced pro rata to the underlying return, and you could lose all of your investment. Payments depend on UBS creditworthiness. Trade date is May 7, 2026 and settlement is May 11, 2026. The estimated initial value was $9.75 per Note and the minimum investment is 100 Notes at $10 per Note.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Advanced Micro Devices, Inc. The Notes pay a periodic contingent coupon only if the underlying stock closes at or above the coupon barrier on observation dates and are subject to automatic early call if the underlying closes at or above the initial level on any prior observation date.

If not autocalled, repayment at maturity is contingent: if the final level is at or above the downside threshold UBS will repay principal; if below, repayment falls in proportion to the underlying return and you may lose a significant portion or all of your investment. All payments depend on UBS’s creditworthiness.

UBS AG is offering preliminary terms for Trigger Autocallable Contingent Yield Notes linked to the common stock of Blackstone Inc. The Notes have a trade date of May 7, 2026, expected settlement on May 11, 2026, final valuation date on May 9, 2029, and maturity on May 11, 2029. Each Note has a principal amount of $10. The Notes pay contingent coupons only if the underlying closes at or above 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 maturity. If not called, repayment at maturity depends on the final level relative to a downside threshold; if the final level is below that threshold, repayment may be less than principal and could result in total loss. The estimated initial value range is $9.28 to $9.53 per Note and the offering is subject to UBS credit risk and final pricing on the trade date.

UBS AG offers Trigger Autocallable Contingent Yield Notes linked to the common stock of Advanced Micro Devices, Inc. The Notes mature on May 11, 2029 and may be automatically called early if the underlying stock meets or exceeds the initial level on an observation date. Coupons are contingent and paid only when the underlying equals or exceeds a coupon barrier on an observation date; otherwise no coupon is paid. Principal repayment at maturity is contingent: if the final level is below the downside threshold, investors suffer a loss equal to the underlying return; in extreme cases, all principal could be lost. Trade date is May 7, 2026, settlement May 11, 2026. Minimum investment is 100 Notes ($1,000). Estimated initial value per Note is between $9.37 and $9.62.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of NVIDIA Corporation, with final terms set on the trade date. The Notes pay periodic contingent coupons only if the underlying closes at or above the coupon barrier on observation dates and are auto‑callable if the underlying closes at or above 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 investors suffer a loss equal to the underlying return and could lose their entire investment. Key dates: trade date May 7, 2026, settlement May 11, 2026, final valuation May 9, 2028, maturity May 11, 2028. Notes are unsecured obligations of UBS and repayment is subject to UBS credit risk. The minimum investment is 100 Notes ($1,000); estimated initial value per Note is between $9.44 and $9.69.

UBS AG is offering a preliminary pricing supplement for Capped GEARS linked to the common stock of Eli Lilly and Company, with final terms set on the trade date. The securities have a trade date of May 7, 2026, expected settlement on May 11, 2026, a final valuation date of May 9, 2029 and a maturity date of May 11, 2029.

The example terms show an upside gearing of 3.00 and a maximum gain of 67.41%. Securities are sold in minimum denominations of 100 Securities at $10 per Security (a $1,000 minimum). The estimated initial value range is $9.03 to $9.28 per Security. Payments at maturity depend on the underlying return, with full downside exposure to decreases in the underlying and repayment subject to UBS credit risk.