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

UBS AG offers Trigger Autocallable Contingent Yield Notes linked to Snowflake Inc. stock due May 11, 2029. The Notes pay a periodic contingent coupon only when the underlying closing level on an observation date is at or above the coupon barrier 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 is repaid at maturity only if the final level is at or above the downside threshold; otherwise principal is reduced in proportion to the underlying return, potentially resulting in total loss. Payments are subject to UBS credit risk. Trade date is May 7, 2026, settlement May 11, 2026, final valuation May 9, 2029 and maturity May 11, 2029. The estimated initial value per Note is $9.66 and the Notes are offered in $10 increments with a minimum $1,000 investment.

UBS AG is offering Capped GEARS linked to Vistra Corp. due on or about May 11, 2029. The securities are unsecured notes whose maturity payment depends on the underlying return in Vistra stock from the trade date to the final valuation date. If the underlying return is positive, payment equals $10 × (1 + the lesser of (Underlying Return × Upside Gearing) and Maximum Gain). If zero, repayment equals $10. If negative, payment equals $10 × (1 + Underlying Return), which can result in a loss of some or all principal. Key disclosed terms include trade date May 7, 2026, settlement date May 11, 2026, final valuation date May 9, 2029, maturity date May 11, 2029, principal $10 per Security, Upside Gearing 3.00 and Maximum Gain 107.37%. The offering carries credit risk of UBS and limited upside exposure capped at the Maximum Gain.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Intel Corporation with a principal amount of $10 per Note. Trade date is May 7, 2026 and settlement is May 11, 2026. The Notes pay periodic contingent coupons only if the underlying closes at or above the coupon barrier on an observation date and may be automatically called early if the underlying equals or exceeds the initial level on an observation date. If not called, principal repayment at maturity (May 11, 2028) is contingent on the final level relative to the downside threshold (example: $50.00, 50% of initial level). Investing involves significant risk, including loss of principal and credit risk of UBS. The estimated initial value range is $9.39–$9.64 per Note and minimum investment is 100 Notes ($1,000).

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Snowflake Inc., with expected trade date May 7, 2026, settlement May 11, 2026, final valuation date May 9, 2029 and maturity May 11, 2029. The Notes pay a contingent coupon 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 interim observation 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 investors could lose a significant portion or all of their investment. The illustrative terms show a $10 principal amount per Note, an estimated initial value range of $9.35–$9.60, a sample contingent coupon rate of 25.02% per annum and a downside threshold of $60.00 (60% of the initial level). All payments are subject to UBS creditworthiness and the final terms will be set on the trade date.

UBS AG files a preliminary pricing supplement offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Carnival Corporation. The Notes pay periodic contingent coupons only if observation-date closes meet a coupon barrier and may be automatically called early if the underlying equals or exceeds the initial level on an observation date.

Key dates: trade date May 7, 2026, settlement May 11, 2026, final valuation May 9, 2028, maturity May 11, 2028. Minimum offering unit is 100 Notes at $10 per Note; UBS estimates an initial value between $9.32 and $9.57.

UBS AG offers Capped GEARS linked to Blackstone Inc. common stock due May 11, 2029. The Securities are unsubordinated, unsecured debt obligations whose cash payment at maturity depends on the underlying return in Blackstone Inc. from trade date to the final valuation date. Key economics: $10 principal per Security, minimum purchase 100 Securities ($1,000), estimated initial value $8.98, Upside Gearing 3.00, and Maximum Gain 74.58%. Trade Date is May 7, 2026, Settlement May 11, 2026, Final Valuation Date May 9, 2029, and Maturity May 11, 2029. If the underlying return is positive, payment = $10 × (1 + lesser of (Underlying Return × Upside Gearing) and Maximum Gain). If zero, payment = $10. If negative, payment = $10 × (1 + Underlying Return), exposing investors to full downside and potential loss of all principal. Payments are subject to UBS credit risk and the Securities will not be listed on an exchange.

UBS AG offers Capped GEARS linked to Blackstone Inc. common stock. The preliminary pricing supplement sets a Trade Date of May 7, 2026 with expected settlement on May 11, 2026, a Final Valuation Date of May 9, 2029 and a Maturity Date of May 11, 2029. The Securities are debt obligations of UBS with enhanced upside through an Upside Gearing and a capped Maximum Gain, but full downside exposure to the underlying; principal repayment depends on UBS creditworthiness. Minimum investment is 100 Securities at $10 each ($1,000), and the issuer’s estimated initial value range is $8.78 to $9.03 per Security. Investors are directed to the accompanying product supplement and prospectus for full terms and risks.

UBS AG is offering preliminary Trigger Autocallable Contingent Yield Notes linked to the least performing of the Nasdaq-100® Technology Sector and the Russell 2000® Index, with a contingent coupon of 8.65% per annum (example). The notes are callable monthly after six months, mature on May 24, 2029, and repay principal at maturity only if each underlying asset meets its downside threshold; otherwise repayment reflects the loss of the least performing underlying asset. Issue price is $1,000.00 per note in examples; the estimated initial value range is $934.30–$964.30 as of the trade date. Payments and principal are subject to UBS credit risk; the offering is preliminary and conditioned on final offering documents.

UBS AG priced a preliminary offering of Airbag Autocallable Yield Notes linked to the common stock of Oracle Corporation due on or about May 10, 2027. The notes pay a coupon on each coupon payment date unless the notes are automatically called earlier following an observation date.

The notes have a $1,000 principal amount per note, an illustrative coupon rate of 12.60% per annum (example coupon of $10.50 monthly), an estimated initial value range of $953.00 to $978.00, trade date May 6, 2026, settlement May 8, 2026 and final valuation date May 6, 2027. If not called and the final level is below the conversion level, repayment may be in Oracle shares (share delivery amount), which could result in a partial or total loss of principal.

UBS AG offers a preliminary pricing supplement for Digital S&P 500® Index‑Linked Medium‑Term Notes that link cash repayment at maturity to the S&P 500® Index performance, with a 15.00% downside buffer and a capped maximum settlement amount to be set on the trade date.

The notes have a face amount of $1,000 per note, do not bear interest, carry UBS credit risk, a term expected to be between 24 and 27 months, and an estimated initial value on the trade date of $968.50 to $998.50 per $1,000 face amount as determined by UBS’ internal models.

UBS AG offers Trigger Autocallable Notes linked to the least performing of the Nasdaq-100, Russell 2000 and S&P 500. The Notes have a principal amount of $1,000 per Note, a call return rate of 9.55% per annum, monthly observation dates beginning after 12 months, a final valuation date of May 13, 2031 and a maturity date of May 16, 2031. If the Notes are automatically called on an observation date, UBS pays the call price (principal plus the applicable call return). If not called and any underlying asset finishes below its downside threshold (70% of initial level), the payment at maturity will be reduced by the percentage decline of the least performing underlying asset; investors could lose a significant portion or all principal. Payments are subject to UBS credit risk and tax treatment is uncertain.

UBS AG is preliminarily offering Trigger Autocallable Contingent Yield Notes linked to the least performing of the VanEck® Gold Miners ETF (GDX) and the Nasdaq-100® Technology Sector (NDXT). The notes pay a contingent coupon only when both underlyings meet coupon barriers on observation dates, are callable monthly beginning ~6 months after issue, and repay principal at maturity only if both underlyings are at or above downside thresholds; otherwise repayment at maturity can be less than principal, and could result in loss of the full initial investment. The preliminary pricing shows a contingent coupon rate of 15.05% per annum, an issue price per note of $1,000, an estimated initial value range of $930.60–$960.60, and a maturity date of May 24, 2029. All payments are subject to UBS credit risk and the final terms will be set on the strike date.

UBS AG proposes to issue Enhanced Trigger Jump Securities with an auto-callable feature linked to the common stock of Bloom Energy Corporation, with a stated principal amount of $1,000 per security and an expected maturity date of May 11, 2028. Payments depend on the underlying stock's closing prices on scheduled determination dates: an automatic early redemption (principal plus a variable premium) occurs if the closing price is ≥100% of the initial price on a determination date; at maturity holders receive $2,045.00 if the final price is ≥60% of the initial price, otherwise they receive a cash value equal to the exchange ratio times the final price and may lose a significant portion or all of principal. The securities are unsecured obligations of UBS and are subject to UBS credit risk, limited secondary-market liquidity, underwriting fees totaling 2.50%, and tax and regulatory considerations described in the accompanying product supplement and prospectus.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the least performing of the Russell 2000® Index and the EURO STOXX 50® Index. The Notes have a $1,000 denomination per Note, a contingent coupon rate of 9.00% per annum, quarterly observation dates (callable after six months), a final valuation date of May 20, 2030 and a maturity date of May 23, 2030. UBS will pay contingent coupons only when both underlying indices meet coupon barriers on an observation date; otherwise no coupon is paid. The Notes will autocall early if both indices meet call thresholds on an observation date; if not autocalled and any final index level is below its downside threshold, principal repayment may be reduced and investors can suffer substantial or total loss. The estimated initial value range per Note is $943.80–$973.80, the issue price is $1,000, underwriting discount is $23.50, and proceeds to UBS per Note are $976.50. The Notes are unsecured obligations of UBS and are not listed; payments depend on UBS creditworthiness.

UBS AG London Branch is offering Capped Leveraged Buffered MSCI EAFE® Index-Linked Medium-Term Notes due June 9, 2028. For each $1,000 face amount, maturity payoff depends on the MSCI EAFE index performance from May 5, 2026 to the determination date. The notes carry a 160.00% upside participation rate, a 15.00% buffer (buffer level 2,572.814), a cap at 118.55% of the initial level and a maximum settlement amount of $1,296.80 per $1,000 face amount. If the final index level is below the buffer, investors lose principal on a leveraged basis; notes do not pay interest and are unsecured obligations of UBS.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the least performing of XLF, XLI and XLK. The Notes have a principal amount of $1,000 per Note, a contingent coupon rate of 11.90% per annum and an expected term of approximately three years.

Trade date is May 15, 2026 with expected settlement on May 20, 2026. Observation dates are monthly (callable after 12 months); final valuation date is May 15, 2029 and maturity is May 18, 2029. Call threshold is 100% of initial level; coupon barriers and downside thresholds are 70% of initial level. Estimated initial value range is $960.40–$990.40.

UBS AG is offering $500,000 of Trigger Callable Contingent Yield Notes linked to the least performing of the shares of the State Street® Energy Select Sector SPDR® ETF (XLE), the State Street® Materials Select Sector SPDR® ETF (XLB) and the State Street® Technology Select Sector SPDR® ETF (XLK), due May 8, 2031.

The Notes pay a contingent coupon of 14.75% per annum on each coupon payment date only if the closing level of each underlying asset is at or above its coupon barrier on the applicable observation date; otherwise no coupon is paid. UBS may call the Notes monthly beginning after three months; if not called, maturity payments depend on the final levels versus downside thresholds and, if the least performing underlying asset finishes below its downside threshold, principal will be reduced in proportion to that asset’s decline.

UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the Russell 2000® Index and the S&P 500® Index. Each Note has a principal amount of $1,000 and a term of approximately 18 months. The Notes pay a periodic contingent coupon of 10.40% per annum on an observation date only if the closing level of each underlying index is at or above its coupon barrier (both set at 65.00% of the initial level). UBS may call the Notes in whole on monthly observation dates beginning after three months. At maturity, if any underlying index is below its downside threshold (65.00% of initial), repayment will be reduced proportionally to the decline of the least performing underlying asset, and an investor could lose a significant portion or all of their investment. Strike/initial levels were set on May 6, 2026 (RTY 2,886.772; SPX 7,365.12). The estimated initial value range on the trade date is $965.90–$995.90; issue price is $1,000 per Note with an underwriting discount of $2.50, leaving proceeds to UBS of $997.50 per Note. All payments are subject to UBS credit risk.

UBS AG offers Trigger Callable Contingent Yield Notes totaling $250,000 linked to the least performing of the Nasdaq-100, Russell 2000 and S&P 500, due May 10, 2029. Each $1,000 Note pays a contingent coupon of 10.85% per annum on any coupon payment date only if every underlying index is at or above its coupon barrier on the related observation date. UBS may call the Notes in whole on monthly observation dates beginning after three months; if called you receive principal plus any contingent coupon then due.

If not called, at maturity you receive $1,000 if every underlying index is at or above its 60% downside threshold; otherwise your redemption equals $1,000 × (1 + underlying return of the least performing underlying asset), which can result in a substantial loss, including loss of all principal. Payments are unsecured obligations of UBS and depend on its creditworthiness. The estimated initial value was $991.00 per Note; issue price is $1,000 per Note.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked separately to the common stock of Cisco Systems, Inc. and Diamondback Energy, Inc.. The notes pay contingent quarterly coupons only if observation-date closing levels meet a coupon barrier, are callable quarterly beginning after six months, and mature on or about May 11, 2029. If not called and the final level is below a downside threshold, repayment at maturity can be less than principal and may result in substantial loss or total loss of the initial investment; all payments are subject to UBS credit risk. The trade date is May 8, 2026 with expected settlement on May 13, 2026. Estimated initial values are below the $10 issue price due to underwriting, hedging and issuance costs.

UBS AG is offering Capped Buffer GEARS linked to the Russell 2000® Index maturing on May 27, 2027. The securities pay at maturity based on the underlying return, subject to an upside gearing of 2.00, a maximum gain of 18.20% (maximum payment $1,182.00 per $1,000 Security) and a 10.00% buffer (downside threshold 2,598.095 on an initial level of 2,886.772). Issue price is $1,000 per Security and the estimated initial value range on the trade date is $965.90 to $995.90. Payments, including any contingent repayment of principal, are subject to UBS credit risk.

UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of XLE, XLF and XLK, maturing May 8, 2031. The notes pay a contingent coupon of 14.65% per annum only if each underlying closes at or above its coupon barrier on observation dates. UBS may call the notes monthly beginning after three months; if not called, repayment at maturity depends on the final level of the least performing underlying asset relative to its 60% downside threshold, potentially resulting in a loss of up to 100% of principal. Issue price: $1,000.00 per note; estimated initial value: $980.90 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 with Memory Interest linked to the common stock of Micron Technology, Inc. (ticker MU) with a $1,000 principal per Note. The Notes pay contingent coupons at a 21.00% to 25.00% per annum range (stated as $17.50 to $20.8333 in the illustrative table) subject to monthly coupon observation dates and a memory feature that may pay previously unpaid coupons if later conditions are met. The Notes are subject to automatic early call on quarterly call observation dates if the underlying meets or exceeds the call threshold (100% of the initial level in the illustrative terms). If not called and the final level is below the downside threshold (50% of the initial level in the illustrative terms), holders will receive a share delivery amount (principal divided by initial level) rather than cash, exposing investors to full downside market risk and possible large losses. Trade date and settlement are expected to be May 29, 2026 and June 3, 2026, with final valuation on November 29, 2027 and maturity on December 2, 2027. The estimated initial value range on the trade date is $928.10 to $958.10, the issue price is $1,000.00 per Note, and UBS Securities LLC receives an underwriting discount of $27.50 per Note.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Snowflake Inc. common stock due May 10, 2027. The notes pay a periodic contingent coupon only if the underlying closing level meets or exceeds a coupon barrier on observation dates and will be automatically called early if the underlying meets or exceeds 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 returned only if the final level is at or above the downside threshold; otherwise repayment is reduced proportionally to the underlying return and investors may lose a significant portion or all of their investment. Payments are subject to UBS credit risk. Trade date: May 6, 2026; Settlement: May 8, 2026; Final valuation date: May 6, 2027; Maturity: May 10, 2027. The estimated initial value per Note is $9.87.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Boston Scientific Corporation common stock maturing May 8, 2029. The Notes pay periodic contingent coupons only if the underlying closing level on an observation date meets the coupon barrier 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: if the final level is at or above the downside threshold you receive $10 per Note; if below, you receive $10 x (1 + underlying return), exposing you to the underlying’s negative return and potential loss of all principal. All payments are subject to UBS credit risk. Trade date is May 6, 2026; settlement May 8, 2026; final valuation date May 4, 2029.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Taiwan Semiconductor Manufacturing Company Limited American depositary receipts. The notes mature on May 10, 2027 and pay contingent coupons only when the underlying ADR closes at or above a coupon barrier on observation dates. The notes are automatically called if the ADR closes at or above the initial level on any quarterly observation date beginning after six months, in which case holders receive 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; otherwise repayment declines in line with the underlying return and investors can lose a substantial portion or all principal. The minimum investment is 100 Notes at $10 per Note and the estimated initial value was $9.77 per Note.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Oracle Corporation common stock due May 10, 2027. The Notes pay periodic contingent coupons only if the underlying closing level meets the coupon barrier on observation dates and may be automatically called early if the underlying equals or exceeds the initial level on an observation date. If not called, 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, principal repayment is reduced proportionally to the underlying return, and investors could lose a significant portion or all of their investment. Payments are subject to UBS credit risk. Trade date is May 6, 2026, settlement expected May 8, 2026, final valuation date May 6, 2027, maturity May 10, 2027. The offering minimum is 100 Notes at $10 per Note and the document lists an estimated initial value of $9.80 per Note.

UBS AG is offering $9,258,000 of Airbag Autocallable Yield Notes linked to the common stock of Oracle Corporation, due May 10, 2027. Each Note has a principal amount of $1,000; the estimated initial value per Note on the trade date was $982.40. The Notes pay a stated coupon (illustrated at 15.00% per annum, with a hypothetical monthly coupon of $12.50) on each coupon payment date unless the Notes are automatically called.

If on any observation date prior to the final valuation date the closing level of the underlying is equal to or greater than the initial level, UBS will automatically call the Notes and pay principal plus the coupon on the related coupon payment date. If the Notes are not called and the final level is at or above the conversion level, UBS will repay principal at maturity plus the coupon. If the Notes are not called and the final level is below the conversion level, holders will receive a share delivery amount rather than cash principal, which may be worth less than principal and can result in a partial or total loss of invested principal. All payments are subject to UBS credit risk.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Snowflake Inc. common stock with a planned term of about one year. The trade date is May 6, 2026, settlement is May 8, 2026, final valuation date is May 6, 2027, and maturity is May 10, 2027. Each Note has a principal amount of $10 and a minimum investment of 100 Notes ($1,000). Holders may receive periodic contingent coupons only if the closing level of the underlying meets the coupon barrier on observation dates; the Notes autocall early if the underlying equals or exceeds the initial level on an observation date. If not called, principal repayment at maturity is contingent: full principal is paid only if the final level is at or above the downside threshold; otherwise repayment is reduced pro rata to the underlying return, and investors could lose a significant portion or all of their investment. Payments are subject to UBS credit risk. The estimated initial value range is $9.54 to $9.79.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Boston Scientific Corporation with a principal amount of $10 per Note. Trade date is May 6, 2026, settlement May 8, 2026, final valuation date May 4, 2029 and maturity May 8, 2029. The Notes may pay periodic contingent coupons only if the underlying closing level meets or exceeds the coupon barrier on observation dates; they 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 and the final level is below the downside threshold, repayment at maturity is reduced proportionally to the underlying return, potentially resulting in substantial loss or total loss of principal. Estimated initial value as of the trade date is between $9.32 and $9.57. Any payment is subject to the creditworthiness of UBS.

UBS AG offers $5,609,000 of Airbag Autocallable Yield Notes linked to the American depositary receipts of Taiwan Semiconductor Manufacturing Company Limited, due May 10, 2027. The Notes pay a coupon on each coupon payment date unless previously automatically called. UBS will automatically call the Notes early if the underlying ADR closing level on any observation date prior to the final valuation date is equal to or greater than the initial level; in that event UBS pays principal plus the coupon on the related coupon payment date and no further payments are made. If not automatically called, at maturity UBS will repay principal if the final level is equal to or greater than the conversion level; if the final level is less than the conversion level, UBS will deliver a share delivery amount (with cash for fractional shares), which may be worth less than principal, resulting in loss of some or all of your investment. Trade date is May 6, 2026, settlement May 8, 2026, final valuation date May 6, 2027. The estimated initial value on the trade date was $982.30. Payments and principal are subject to UBS credit risk and the Notes are not FDIC insured.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Freeport-McMoRan common stock, maturing May 8, 2029. The Notes pay contingent coupons only if observation-date closing levels meet the coupon barrier and may be automatically called early if the underlying equals or exceeds the initial level. If not called, principal repayment at maturity is contingent on the final level relative to the downside threshold; a final level below that threshold exposes investors to a loss equal to the underlying return. Payments are subject to UBS credit risk and the Notes are not FDIC insured.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the American depositary receipts of Taiwan Semiconductor Manufacturing Company Limited. The trade date is May 6, 2026, settlement is May 8, 2026, final valuation is May 6, 2027, and maturity is May 10, 2027. The Notes pay a contingent coupon only if the underlying's closing level meets or exceeds a coupon barrier on each observation date; they are automatically called if the underlying equals or exceeds the initial level on any quarterly observation date beginning after six months. At maturity the principal is repayable only if the final level is at or above a stated downside threshold; otherwise repayment is reduced pro rata to the underlying return and you could lose a significant portion or all of your investment. Any payments are subject to UBS credit risk. Minimum investment is 100 Notes ($1,000); the estimated initial value is between $9.43 and $9.68 per Note.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Dell Technologies Inc. The Notes pay periodic contingent coupons only if the underlying closing level on an observation date is at or above the coupon barrier; otherwise no coupon is paid. UBS will automatically call the Notes early if the underlying closing level on any observation date before the final valuation date is equal to or greater than the initial level; in that event you would receive principal plus any contingent coupon on the applicable call settlement date and no further payments would be owed. If not called, repayment at maturity depends on the final level: if the final level is at or above the downside threshold you receive the $10 principal per Note; if below the downside threshold you suffer a loss equal to the underlying return and could lose all of your principal. Payments are subject to UBS credit risk. Trade date is May 6, 2026, settlement May 8, 2026, final valuation date May 6, 2027 and maturity May 10, 2027.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Newmont Corporation common stock due May 10, 2027. The Notes pay a periodic contingent coupon only if the underlying closing level on an observation date meets or exceeds a coupon barrier; otherwise no coupon is paid.

If the underlying closes at or above the initial level on any observation date prior to the final valuation date, the Notes will be automatically called and you will receive principal plus any contingent coupon due on the call settlement date. If not called, repayment at maturity depends on the final level: if the final level is at or above the downside threshold you receive principal; if below, you receive $10 x (1 + Underlying Return), which can result in a loss up to your full principal. Payments are subject to UBS credit risk. Trade date is May 6, 2026, settlement May 8, 2026, final valuation date May 6, 2027, maturity May 10, 2027. The estimated initial value was $9.87 per Note and minimum investment is 100 Notes.

UBS AG priced a preliminary offering of Trigger Autocallable Contingent Yield Notes linked to the common stock of Oracle Corporation, due on or about May 10, 2027. The Notes pay 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 meets or exceeds the initial level on an 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; otherwise payment equals $10 x (1 + Underlying Return), which can result in a substantial or total loss of principal. Trade date is May 6, 2026 and settlement is expected on May 8, 2026. The Notes are unsecured obligations of UBS and any payment is subject to UBS credit risk. The estimated initial value per Note on the trade date is between $9.47 and $9.72.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Delta Air Lines, Inc., maturing May 8, 2029. The Notes pay contingent coupons only if the underlying's closing level meets or exceeds a coupon barrier on observation dates and are automatically called if the underlying meets or exceeds the initial level on any prior 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 suffer a loss equal to the underlying return and could lose all principal. Payments depend on UBS's creditworthiness.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Micron Technology common stock. The offering totals $1,486,000 with a $10 principal per Note, trade date May 6, 2026, settlement May 8, 2026, final valuation May 4, 2028, and maturity May 8, 2028. The Notes pay periodic contingent coupons only if the underlying closing level meets the coupon barrier on observation dates, feature automatic early 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 principal is reduced proportionally to the underlying return. Estimated initial value per Note is $9.77. Payments are subject to UBS credit risk.

UBS AG is offering Airbag Autocallable Yield Notes linked to ADRs of Taiwan Semiconductor Manufacturing Company Limited due on or about May 10, 2027. The notes pay a coupon on each coupon payment date unless automatically called. They will be automatically called early if the closing level of the underlying ADR on any observation date prior to the final valuation date is equal to or greater than the initial level, in which case UBS will repay principal plus the coupon on the related coupon payment date. If not called and the final level is at or above the conversion level, UBS will repay principal plus coupon at maturity; if the final level is below the conversion level, UBS will deliver a share delivery amount (shares of the underlying) whose value may be less than principal, producing a loss of some or all of the initial investment. All payments are subject to the creditworthiness of UBS. The final terms, including the conversion level and exact coupon, will be set on the trade date.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Advanced Micro Devices, Inc. with an indicated offering amount of $280,000. The notes mature on May 8, 2028 and can be automatically called early if the underlying stock closes at or above the initial level on an observation date.

Contingent coupons are payable only when the underlying closes at or above a coupon barrier on an observation date; otherwise no coupon is paid. If not called and the final level is below the downside threshold, redemption at maturity may be less than principal and could result in total loss of invested principal. Payments are subject to UBS credit risk. Trade date is May 6, 2026 and settlement is expected May 8, 2026.

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 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. If not called, principal repayment at maturity is contingent: if the final level is at or above the downside threshold, UBS pays the principal amount; if the final level is below the downside threshold, the cash payment will be reduced proportionally to the underlying return, potentially resulting in substantial loss or total loss of the initial investment. Payments depend on UBS’s creditworthiness. Trade date and settlement are expected in May 2026 and maturity is on or about May 8, 2029.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Dell Technologies Inc. The Notes pay periodic contingent coupons only if the underlying's closing level meets the coupon barrier on each observation date and are subject to an automatic call if the underlying closes at or above the initial level on any observation date prior to maturity. The offering requires a minimum investment of 100 Notes at $10 per Note (representing a $1,000 investment). Trade date is May 6, 2026 with settlement on May 8, 2026, final valuation on May 6, 2027, and maturity on May 10, 2027. The preliminary pricing supplement shows an estimated initial value range of $9.46 to $9.71 per Note and highlights material risks, including the potential loss of a significant portion or all of your principal if the Notes are not automatically called and the final level is below the downside threshold and the payment at maturity is reduced by the underlying return. All payments are subject to UBS's creditworthiness.

UBS AG priced Trigger Autocallable Contingent Yield Notes linked to Intel Corporation common stock due May 8, 2028. The Notes pay periodic contingent coupons only if the underlying closing level on an observation date meets the coupon barrier and may be automatically called early if the underlying equals or exceeds the initial level on any prior 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 in proportion to the underlying return and investors may lose a significant portion or all of their investment. All payments are subject to UBS credit risk. Trade date is May 6, 2026, settlement May 8, 2026, final valuation date May 4, 2028, and maturity May 8, 2028. The estimated initial value on the trade date is $9.77 per $10 Note.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Newmont Corporation, maturing on May 10, 2027. The Notes pay contingent coupons only if the underlying meets coupon barriers on observation dates and can be automatically called early if the underlying reaches or exceeds the initial level.

The offering carries principal repayment at maturity that is contingent on the final level relative to a downside threshold; if the final level is below that threshold you may suffer a loss equal to the underlying return, including the potential loss of your entire principal. Trade date and settlement are May 6, 2026 and May 8, 2026. Minimum investment is 100 Notes at $10 per Note. The document emphasizes significant market and credit risk, and gives an estimated initial value range of $9.54 to $9.79 per Note.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Starbucks common stock due May 8, 2029. The Notes pay periodic contingent coupons only if the underlying closes at or above a coupon barrier on observation dates, and they are automatically called if the underlying closes at or above the initial level on any observation date. If not called, principal is repaid at maturity only if the final level is at or above a downside threshold; otherwise repayment at maturity will be reduced proportionally to the underlying return and you could lose a significant portion or all of your investment. All payments are subject to UBS credit risk. Trade date is May 6, 2026 and settlement is expected May 8, 2026.

UBS AG priced a preliminary offering for Trigger Autocallable Contingent Yield Notes linked to the common stock of Delta Air Lines, Inc. The Notes mature on May 8, 2029, pay contingent coupons only if observation-date closing levels meet a coupon barrier, and can be automatically called early if an observation-date closing level is at or above the initial level.

The Notes have a $10 principal amount per note, an estimated initial value range of $9.35–$9.60, and expose holders to downside market risk at maturity if the final level is below a 60.00% downside threshold; repayment of principal depends on UBS creditworthiness.

UBS AG is marketing Trigger Autocallable Contingent Yield Notes linked to the common stock of Advanced Micro Devices, Inc. The Notes have a trade date of May 6, 2026, expected settlement on May 8, 2026, a final valuation date of May 4, 2028, and maturity on May 8, 2028. Each Note has a principal amount of $10. Investors may receive periodic contingent coupons only if the closing level of the underlying stock equals or exceeds the coupon barrier on observation dates; the Notes will autocall early if the underlying equals or exceeds the initial level on an observation date. If not called, principal repayment at maturity is contingent: if the final level is below the downside threshold, repayment will be reduced pro rata to the underlying return, potentially resulting in a substantial or total loss. The estimated initial value range is $9.41 to $9.66 per Note and minimum investment is 100 Notes ($1,000). All payments are subject to UBS credit risk.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Intel Corporation, with an expected trade date of May 6, 2026, settlement on May 8, 2026 and maturity on or about May 8, 2028. The Notes pay periodic contingent coupons only if the underlying's closing level on an observation date is at or above a coupon barrier; otherwise no coupon is paid.

The Notes are automatically called early if the underlying's closing level on any pre-final observation date is at or above the initial level; in that case UBS pays principal plus any contingent coupon on the call settlement date and no further payments are due. If not called, repayment at maturity is contingent: if the final level is at or above the downside threshold you receive principal; if below, you receive an amount equal to $10 × (1 + Underlying Return), which can result in a significant loss or total loss of principal. Any payment is subject to UBS's creditworthiness. The document is a preliminary pricing supplement and final terms will be set 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 8, 2031 and may be automatically called earlier if the underlying meets the initial level on an observation date. Payments include periodic contingent coupons only when the underlying closes at or above the coupon barrier on an observation date. If not called and the final level is below the downside threshold, principal repayment at maturity is reduced pro rata to the underlying return; in extreme cases you could lose all principal. The notes have a principal amount of $10 per Note, an estimated initial value of $9.72, and are offered with a minimum purchase of 100 Notes.