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

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Advanced Micro Devices, Inc. common stock due May 7, 2029. The notes pay a contingent coupon only when the underlying closing level on an observation date meets or exceeds the coupon barrier and will 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; otherwise principal is reduced in direct proportion to the underlying return and investors can lose a substantial portion or all of their investment. Key dates include trade date May 5, 2026, settlement May 7, 2026, final valuation date May 3, 2029, and maturity May 7, 2029. The estimated initial value per $10 Note is $9.69, minimum purchase is 100 Notes ($1,000), and any payment is subject to UBS credit risk.

UBS AG offers Trigger Autocallable Contingent Yield Notes linked to the common stock of Advanced Micro Devices, Inc. The notes mature on May 8, 2028 with a final valuation date of May 4, 2028. The securities pay periodic 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 subject to an automatic call if the underlying closing level on an observation date before maturity is equal to or greater than the initial level, in which case investors receive principal plus any contingent coupon then due. If not called, principal is protected at maturity only if the final level is at or above the downside threshold; if the final level is below that threshold, repayment falls with the underlying return and investors can lose a significant portion or all of their investment. Trade date is May 5, 2026 with settlement expected May 7, 2026. The notes have a $10 principal amount per note and a minimum purchase of 100 notes. Estimated initial value is shown as $9.42–$9.67. All payments, including any contingent coupon or principal, are subject to the creditworthiness of UBS AG.

UBS AG offers Capped GEARS linked to the common stock of Blackstone Inc. The preliminary pricing supplement dated May 05, 2026 describes securities with a $10 principal per Security, an expected term of approximately three years, a trade date of May 5, 2026, a final valuation date of May 3, 2029, and a maturity date of May 7, 2029. Final terms will be set on the trade date and the offering is subject to delivery of the final pricing supplement, product supplement and prospectus. The Securities provide enhanced exposure to positive returns multiplied by an upside gearing (example: 3.00) capped by a stated maximum gain (example: 72.93%), and give full downside exposure to losses in the underlying; payments depend on UBS’s creditworthiness.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Uber Technologies, Inc. The Notes pay a contingent coupon only when the underlying closing level on an observation date meets or exceeds a specified coupon barrier, and will be automatically called early if the underlying closing level on any observation date before maturity is equal to or greater than the initial level. If not called, principal repayment at maturity is contingent: if the final level is at or above the downside threshold, UBS pays the $10 principal per Note; if below, repayment equals $10 x (1 + underlying return), which can result in a substantial loss or total loss of principal.

The offering includes trade/settlement dates (May 5, 2026 trade; May 7, 2026 settlement) and a final valuation and maturity (May 4, 2028 and May 8, 2028). The estimated initial value is $9.77, and payments are subject to UBS credit risk.

UBS AG priced a preliminary pricing supplement for Trigger Autocallable Contingent Yield Notes linked to the common stock of The Home Depot, Inc. The Notes have an expected trade date of May 5, 2026, settlement on May 7, 2026, a final valuation date of May 5, 2027, and expected maturity on May 7, 2027.

The Notes pay periodic contingent coupons only if the underlying closing level meets or exceeds a coupon barrier on observation dates and will be automatically called early if the underlying closes at or above the initial level on an observation date. Principal repayment at maturity is contingent: if the final level is below a downside threshold, repayment will be reduced proportionally to the underlying return and you could lose a significant portion or all of your investment. 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 Deckers Outdoor Corporation stock. The offering aggregates $1,557,000 and the Notes have a $10 principal per Note with a minimum purchase of 100 Notes. Trade date is May 5, 2026, settlement May 7, 2026, final valuation date May 3, 2029 and maturity May 7, 2029. UBS will pay contingent coupons only if the underlying closing level on an observation date is at or above the coupon barrier; the Notes will be automatically called 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 equal to the underlying return and could lose their entire investment. 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 Ciena Corporation maturing on May 7, 2027. The Notes pay a contingent coupon only when the observed closing level meets or exceeds a coupon barrier and will be automatically called 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 on the final level relative to a downside threshold; a final level below that threshold produces a reduced cash payment, potentially resulting in a loss up to the full principal. The Notes are unsecured obligations of UBS and any payment is subject to UBS’s creditworthiness. Trade and settlement are May 5, 2026 and May 7, 2026, with final valuation and maturity in May 2027. The estimated initial value per Note is $9.23 and the principal amount per Note is $10.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Micron Technology, Inc. The preliminary pricing supplement sets the trade date as May 5, 2026, settlement on May 7, 2026, a final valuation date of May 3, 2029 and maturity on May 7, 2029. The Notes pay periodic contingent coupons only if the underlying closing level meets 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 a downside threshold; otherwise principal is reduced pro rata to the underlying return. Minimum investment is 100 Notes at $10 per Note ($1,000). The estimated initial value is between $9.35 and $9.60 per Note. All payments are subject to UBS credit risk.

UBS AG offers Trigger Autocallable Contingent Yield Notes linked to the common stock of Advanced Micro Devices, Inc. The Notes have a principal amount of $10 per Note, a minimum purchase of 100 Notes (representing a $1,000 minimum investment) and an expected maturity date of May 7, 2029. The preliminary pricing supplement states an estimated initial value range of $9.33 to $9.58 per Note and illustrates a hypothetical contingent coupon rate of 20.82% per annum ($0.5205 per $10 Note) under example terms. Payments (contingent coupons, automatic call settlements, and any repayment of principal at maturity) depend on the closing level of the underlying stock relative to specified barriers, and are subject to the creditworthiness of UBS. If not autocalled and the final level is below the downside threshold, holders can suffer losses down to the full principal amount.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Applied Materials, Inc. The Notes pay contingent quarterly coupons only if the underlying stock closes at or above a coupon barrier on observation dates and may be automatically called quarterly beginning after six months if the underlying equals or exceeds the initial level. At maturity, if the Notes are not called and the final level is at or above the downside threshold, UBS will repay the $10 principal per Note; if the final level is below the downside threshold the principal repayment is reduced proportionally to the underlying return, and investors can lose a significant portion or all of their investment. Payments, including any repayment of principal, are subject to UBS’s creditworthiness. Trade and settlement are expected May 5, 2026 and May 7, 2026; final valuation and maturity dates are November 4, 2027 and November 8, 2027, respectively.

UBS AG is offering $1,211,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Alaska Air Group, Inc. The Notes pay periodic contingent coupons only if the underlying stock closes at or above a coupon barrier on observation dates; otherwise no coupon is paid.

The Notes may be automatically called on any quarterly observation date (beginning after six months) if the underlying closes at or above 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 depends on the final level relative to a downside threshold (60.00% of the initial level); if the final level is below that threshold, you may suffer a loss equal to the underlying return, including a possible total loss. Trade date is May 5, 2026, settlement May 7, 2026, final valuation date May 3, 2029, and maturity May 7, 2029. Any payment is subject to the creditworthiness of UBS.

UBS AG offers $390,000 of Trigger Autocallable Contingent Yield Notes linked to Intel Corporation common stock due May 8, 2028. The Notes pay contingent coupons only when the underlying stock closes at or above a coupon barrier on observation dates and are automatically called early if the underlying closes at or above the initial level on any observation date 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 investors bear the underlying stock’s negative return and may lose a substantial portion or all of their investment. Payments are unsecured and subject to UBS’s creditworthiness.

UBS AG priced a preliminary offering of Trigger Autocallable Contingent Yield Notes linked to the common stock of Uber Technologies, Inc. The Notes have a trade date of May 5, 2026, expected settlement May 7, 2026, final valuation date May 4, 2028, and expected maturity May 8, 2028. Each Note has a principal amount of $10. The Notes pay periodic contingent coupons only when the underlying closing level on an observation date is at or above the coupon barrier; they autocall early 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 principal is reduced proportionally to the underlying return and could result in total loss.

The preliminary terms include a contingent coupon rate example of 13.25% per annum (contingent coupon amount shown $0.3313), a downside threshold and coupon barrier example of $70.00 (70.00% of the initial level), an estimated initial value range of $9.47 to $9.72, and a minimum investment of 100 Notes ($1,000). All payments are subject to UBS credit risk. Final terms will be set on the trade date and the Offering Documents must be delivered in final form before any sale.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Ciena Corporation, with expected trade date May 5, 2026, settlement May 7, 2026, final valuation date May 5, 2027 and maturity on May 7, 2027.

The Notes pay periodic contingent coupons only if the underlying closes at or above a coupon barrier on observation dates and are automatically called if the underlying equals or exceeds the initial level on an observation date. If not called, principal repayment at maturity is contingent on the final level relative to a downside threshold; a final level below that threshold can produce a loss equal to the underlying return, including total loss.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Deckers Outdoor Corporation due on or about May 7, 2029. The Notes pay periodic contingent coupons only if the underlying equity closes at or above a coupon barrier on observation dates and are automatically called early if the underlying closes at or above the initial level on an observation date. If not called, principal is repaid at maturity only if the final level is equal to or greater than a downside threshold; if the final level is below that threshold, investors absorb the percentage decline in the underlying and could lose a significant portion or all of their investment. Trade date is May 5, 2026 and settlement is expected on May 7, 2026. The Notes are offered in minimum increments of 100 Notes at $10 per Note and the estimated initial value range is $9.34 to $9.59 per Note.

UBS AG offers $10,237,750 in Trigger Autocallable Contingent Yield Notes linked to the common stock of Spotify Technology S.A. The Notes pay periodic contingent coupons only if the underlying meets a coupon barrier on observation dates, are subject to automatic quarterly calls beginning about six months after issuance, and mature May 7, 2029.

If not called, principal is repaid at maturity only if the final level is at or above a downside threshold; if the final level is below that threshold, investors suffer a loss equal to the underlying return (potentially a total loss). Payments are unsecured obligations of UBS and depend on UBS’s creditworthiness.

UBS AG priced a preliminary offering of Trigger Autocallable Contingent Yield Notes linked to the common stock of Applied Materials, Inc. The Notes have a $10 principal amount per Note, trade date May 5, 2026, expected settlement May 7, 2026, final valuation date November 4, 2027 and maturity November 8, 2027.

The Notes pay a contingent coupon on each coupon payment date only if the underlying closing level on the applicable observation date is at or above the coupon barrier; they are automatically called if the underlying closing level on a quarterly observation date (beginning after six months) is at or above the initial level. If not called, principal at maturity is contingent: if the final level is at or above the downside threshold you receive the principal; if the final level is below the downside threshold, you suffer a loss equal to the underlying return and could lose all principal. Estimated initial value range is $9.41 to $9.66 per Note as of the trade date and the minimum investment is 100 Notes.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Salesforce, Inc. common stock. 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.

If not called, principal is repaid at maturity only if the final level is at or above the downside threshold; otherwise, repayment is reduced proportionally to the underlying return and you may lose a significant portion or all of your investment. All payments are subject to UBS credit risk. Key dates: Trade Date May 5, 2026, Settlement Date May 7, 2026, Final Valuation Date May 3, 2029, Maturity Date May 7, 2029.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Alaska Air Group, Inc. The Notes pay periodic contingent coupons only if the underlying's closing level on observation dates meets or exceeds a coupon barrier and are subject to an automatic call on quarterly observation dates if the underlying closes at or above the initial level.

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 the cash payment at maturity will decline in line with the underlying return and could result in the loss of a significant portion or all of your investment. Payments are subject to UBS creditworthiness. Trade date is May 5, 2026, expected settlement May 7, 2026, final valuation date May 3, 2029, and maturity May 7, 2029.

UBS AG priced a preliminary offering for Trigger Autocallable Contingent Yield Notes linked to the common stock of Intel Corporation, due on or about May 8, 2028. The Notes pay periodic contingent coupons only if the underlying closing level meets the coupon barrier on observation dates and feature an automatic call if the underlying equals or exceeds the initial level on an observation date. Principal repayment at maturity is contingent: if the final level is below the downside threshold, holders incur a loss equal to the underlying return, potentially losing all principal. Trade and settlement are expected on May 5, 2026 and May 7, 2026, respectively. The Notes have a $10 principal amount per Note and an estimated initial value between $9.39 and $9.64 as of the trade date.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Spotify Technology S.A. The Notes mature on or about May 7, 2029 with a trade date of May 5, 2026 and expected settlement on May 7, 2026. UBS will 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. The Notes will be automatically called (quarterly observations beginning ~6 months after trade) if the underlying closes at or above the initial level on an observation date, in which case holders receive principal plus any contingent coupon due and the Notes terminate. 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 pro rata to the underlying return and investors may lose a substantial portion or all of their investment. Minimum investment: 100 Notes at $10 per Note. Estimated initial value range: $9.38–$9.63 per Note.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Oracle Corporation stock maturing May 8, 2028. The Notes pay a contingent coupon on scheduled coupon dates only if the underlying closing level on an observation date meets or exceeds a coupon barrier; otherwise no coupon is paid. The Notes 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, in which case UBS will pay 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 the final level is below the downside threshold you receive $10 multiplied by (1 + underlying return), which can produce substantial principal loss, including loss of all principal in extreme declines. Payments depend on UBS creditworthiness. Trade date is May 5, 2026; settlement May 7, 2026; final valuation date May 4, 2028.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Wells Fargo & Company stock due May 7, 2029. The Notes pay 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.

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, principal is reduced pro rata to the underlying return and you could lose your entire investment. All payments are subject to UBS credit risk.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to NVIDIA Corporation common stock due May 8, 2028. The Notes pay periodic contingent coupons only if the underlying 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 prior observation date. If not called, principal is repaid at maturity only if the final level is at or above a downside threshold; otherwise repayment follows the negative return of the underlying 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 Salesforce, Inc. due on or about May 7, 2029. The notes pay periodic contingent coupons only if observation‑date closing levels meet a coupon barrier and are subject to an automatic early call if the underlying meets or exceeds the initial level on an observation date. If not called, principal repayment at maturity is contingent on the final level relative to a downside threshold and could result in a loss of principal equal to the underlying return; in extreme cases investors could lose all initial investment. Trade date and settlement are shown as May 5, 2026 and May 7, 2026, respectively. The notes are unsecured obligations of UBS and any payment depends on UBS's creditworthiness.

UBS AG offers Trigger Autocallable Contingent Yield Notes linked to the common stock of Wells Fargo & Company. The preliminary pricing supplement sets the trade date as May 5, 2026, settlement on May 7, 2026, final valuation date May 3, 2029, and maturity on May 7, 2029. Each Note has a principal amount of $10 and a minimum purchase of 100 Notes. The Notes pay contingent coupons only when the underlying closing level meets or exceeds a coupon barrier on observation dates, feature an automatic call if the underlying meets or exceeds the initial level on an observation date, and provide contingent repayment of principal at maturity subject to a downside threshold. The estimated initial value range on the trade date is between $9.35 and $9.60. Investing involves significant credit risk of UBS and the potential loss of a substantial portion or all of principal if the final level falls below the downside threshold.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Oracle Corporation, with final terms set on the trade date. The notes pay periodic contingent coupons only if the underlying closes at or above a coupon barrier on observation dates and will be automatically called early if the underlying equals or exceeds the initial level on any observation date. If not called, principal is repaid at maturity only if the final level is at or above the downside threshold (70.00% of the initial level); otherwise the cash payment at maturity may be less than principal and could result in a loss equal to the underlying return. Trade date is May 5, 2026, settlement May 7, 2026, final valuation date May 4, 2028, and maturity May 8, 2028. Minimum investment is 100 Notes ($1,000). The estimated initial value per Note is shown as $9.42–$9.67 and all payments are subject to UBS credit risk.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of NVIDIA Corporation due on or about May 8, 2028. The notes pay a contingent coupon on each coupon payment date only if the underlying closes at or above the coupon barrier on the relevant observation date; otherwise no coupon is paid. The notes are automatically called early if the underlying closes at or above the initial level on any observation date prior to the final valuation date, in which case investors receive principal plus any contingent coupon due on the call settlement date and no further payments.

The notes repay principal at maturity only if the final level is at or above the downside threshold; if the final level is below the downside threshold the cash payment at maturity equals $10 x (1 + Underlying Return), exposing investors to downside market loss and potential loss of all principal. Payments are subject to UBS credit risk. Trade date is May 5, 2026, settlement May 7, 2026, final valuation date May 4, 2028. Minimum investment is 100 notes at $10 per note; the estimated initial value range is $9.44 to $9.69 per note.

UBS AG is offering $6,374,000 of Contingent Income Auto-Callable Securities due May 4, 2029 based on Bank of America Corporation common stock. Each security has a stated principal amount of $1,000 and pays a contingent payment of $26.25 (equivalent to 10.50% per annum) on each contingent payment date when the closing price of the underlying equity is at or above the downside threshold level of $37.27 (70.00% of the initial price). If the underlying equity equals or exceeds the call threshold level of $53.24 on a determination date (other than the final determination date), the securities will be redeemed early for the stated principal plus the applicable contingent payment. If not redeemed early and the final price is below the downside threshold level, UBS will deliver a cash value equal to the exchange ratio multiplied by the final price, exposing investors to 1:1 downside and possible loss of most or all principal. All payments are subject to the credit risk of UBS AG. Timing and pricing information are set out in the summary terms and accompanying product supplement.

UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the S&P 500®, the Russell 2000® and the Nasdaq-100®. The offering totals $1,163,000 (issued at $1,000 per Note) and features a contingent coupon of 15.45% per annum, monthly observation dates, an issuer call right beginning after approximately three months, and downside thresholds at 80.00% of each initial level.

The Notes may not pay coupons if any underlying closes below its coupon barrier on an observation date; at maturity holders may lose up to all principal if the final level of the least performing underlying asset is below its downside threshold. Payments depend on UBS creditworthiness.

UBS AG priced Buffer Callable Contingent Yield Notes linked to the least performing of the S&P 500® Index and the Russell 2000® Index due February 6, 2029. The offering size is $1,963,000 (principal amount $1,000 per Note) with estimated initial value $991.60 per Note. The Notes pay a contingent coupon of 11.90% per annum only if each underlying closes at or above its coupon barrier on observation dates; UBS may call the Notes quarterly beginning after six months. At maturity, principal is repaid only if the final level of each underlying is at or above its downside threshold (85.00% of initial level); otherwise holders absorb losses equal to the least performing underlying return in excess of the 15% buffer. All payments are subject to UBS credit risk and the Notes will not be listed on an exchange.

UBS AG London Branch is offering capped, non‑interest bearing Capped Leveraged Basket‑Linked Medium‑Term Notes linked to an unequally weighted basket of five indices (EURO STOXX 50®, TOPIX, FTSE® 100, Swiss Market Index and S&P/ASX 200). Each note has a $1,000 face amount and a 300.00% upside participation rate with a cap: the cash settlement per $1,000 is limited to a maximum settlement amount expected between $1,198.90 and $1,234.00. The term is expected to be between 14 and 16 months from trade date. If the final basket level is below the initial level (100), holders lose proportionally and could lose their entire investment. The estimated initial value is expected to be between $951.80 and $981.80 per $1,000, below the issue price. The notes are unsecured obligations of UBS and are subject to UBS credit risk, limited liquidity and tax and regulatory considerations described in the supplement.

UBS AG is offering Buffer Callable Contingent Yield Notes linked to the least performing of the S&P 500® Index and the Russell 2000® Index. The offering totals $836,000 at an issue price of $1,000 per Note with an estimated initial value of $991.70. The Notes pay a contingent coupon of 8.40% per annum on specified coupon observation dates only if each index is at or above its coupon barrier, are callable by UBS quarterly beginning after approximately 12 months (first potential call settlement date May 6, 2027), and mature on February 6, 2029. At maturity, repayment of principal depends on the final level of the least performing underlying asset relative to a 20% buffer; if the final level of the least performing underlying asset is below its downside threshold, holders will suffer a principal loss equal to the index decline in excess of the buffer. All payments are subject to UBS credit risk.

UBS AG (London Branch) proposes capped, leveraged, basket-linked notes that mature in approximately 14–16 months. Each $1,000 face-amount note pays no interest and returns at maturity an amount linked to an unequally-weighted basket of five indices (EURO STOXX 50, TOPIX, FTSE 100, SMI, S&P/ASX 200) with an initial basket level set to 100 on the trade date.

If the final basket level is above the initial level, holders receive $1,000 plus 300.00% of the basket return subject to a cap (cap level expected between 106.90% and 108.11% and maximum settlement between $1,207.00 and $1,243.30 per $1,000). If the final basket level is below 100, holders lose principal on a 1% loss per 1% negative basket return and could lose their entire investment. The estimated initial model value is expected to be between $955.00 and $985.00 per $1,000; the issue price is 100% of face and includes a 1.25% underwriting discount.

UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the S&P 500® Index, the Russell 2000® Index and the Nasdaq-100® Technology Sector. The preliminary pricing supplement shows a $1,000 issue price per Note and a 10.00% per annum contingent coupon rate. UBS may call the Notes monthly beginning after ~3 months; contingent coupons are paid only when each underlying closes at or above its coupon barrier. If not called, principal repayment at maturity depends on the final level of the least performing underlying asset relative to its 65.00% downside threshold, and investors can lose a significant portion or all principal. Estimated initial value range is $944.10–$974.10. Payments depend on UBS creditworthiness.

UBS AG is offering Trigger Autocallable Notes linked to the least performing of the Russell 2000® and the S&P 500®. The Notes have a principal amount of $1,000 per Note, a term of approximately four years, and a call return rate of 11.65% per annum. UBS will automatically call the Notes if both indices meet call threshold levels on any observation date; otherwise repayment at maturity depends on the least performing underlying asset and may result in loss of principal. Trade date and settlement are expected around May 15, 2026 and May 20, 2026, with final valuation on May 15, 2030 and maturity on May 20, 2030. The estimated initial value range is $940.40 to $970.40. All payments are subject to UBS credit risk.

UBS AG is offering Airbag Callable Contingent Yield Notes linked to the least performing of the iShares MSCI Emerging Markets ETF (EEM), the S&P 500 Index (SPX) and the State Street Consumer Staples ETF (XLP). The Notes pay a contingent coupon only if each underlying asset on an observation date is at or above its coupon barrier. UBS may call the Notes on monthly observation dates. At maturity, if no call occurs and every underlying is at or above its downside threshold, holders receive the $1,000 principal; if any underlying is below its downside threshold, repayment is reduced and holders suffer leveraged downside exposure equal to 1.25% loss per 1% decline beyond the 20.00% threshold. The term is approximately nine months with strike date May 4, 2026 and maturity February 9, 2027. Payments depend on UBS creditworthiness and the Notes are not FDIC insured.

UBS AG is offering Trigger Callable Yield Notes linked to the least performing of the Russell 2000® Index and the S&P 500®. The notes pay a fixed monthly coupon (range set on the trade date) and are issuer‑callable monthly beginning after three months. If UBS does not call the notes, principal repayment at maturity is contingent: investors receive $10 per note at maturity only if each underlying asset’s final level is equal to or above its downside threshold (70% of its initial level as shown on the cover). If the final level of the least performing underlying asset is below its downside threshold, principal is reduced proportionately and investors can lose a significant portion or all of their initial investment. Trade date is May 6, 2026, expected settlement May 11, 2026, final valuation date August 6, 2027 and maturity August 11, 2027. The issue price is $10 per note (minimum 100 notes); the estimated initial value range is $9.50 to $9.80. All payments depend on UBS creditworthiness; secondary market liquidity may be limited.

UBS AG is offering Capped Buffer Securities linked to the S&P 500® Index with a principal amount of $1,000 per Security, an expected term of approximately 12 months, and key dates tied to a trade date of May 29, 2026, a final valuation date of June 1, 2027, and a maturity date of June 4, 2027. The preliminary terms specify a 15.00% buffer (downside threshold at 85.00% of the initial level) and a maximum gain of at least 11.65% (maximum payment at maturity at least $1,116.50). The issue price is $1,000 per Security with an underwriting discount of $5.00 and an estimated initial value range of $961.60–$991.60 determined by UBS’ internal pricing models. Payments at maturity depend on the underlying return subject to the buffer and cap; holders may lose some or almost all of their investment and repayment is subject to UBS credit risk.

UBS AG is offering Trigger Autocallable Notes linked to the least performing of the Nasdaq-100, Russell 2000 and S&P 500 indices with a term of approximately five years. The notes may autocall on monthly observation dates if each index meets its call threshold; the call return rate is 9.55% per annum. At maturity, if not called, principal repayment is contingent: if every final index level is at or above its downside threshold (70.00% of initial level) you receive $1,000; otherwise your payment equals $1,000 × (1 + underlying return of the least performing index), which can result in significant loss or total loss. Payments are unsecured obligations of UBS and depend on UBS creditworthiness. Trade date and settlement are expected in May 2026; final valuation and maturity occur in May 2031.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Blackstone Inc. The Notes pay a contingent coupon only if the underlying closing level on an observation date meets or exceeds a coupon barrier and will be automatically called early if the underlying closing level on any observation date prior to the final valuation date is equal to or greater than the initial level. 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 you may suffer a loss equal to the underlying return and could lose your entire investment. Trade date is May 4, 2026, settlement May 6, 2026, final valuation date May 4, 2027, and maturity May 6, 2027. Estimated initial value was $9.75 per Note and minimum investment is 100 Notes ($1,000).

UBS AG is offering Airbag Autocallable Yield Notes linked to the common stock of Advanced Micro Devices, Inc. The Notes pay a coupon each coupon date unless automatically called early; automatic calls occur if the underlying's closing level on an observation date is >= the initial level. If not called, repayment at maturity depends on the final level versus a downside threshold: if the final level is < the threshold you can incur leveraged losses (approximately 1.1765% of principal per 1% decline beyond the threshold) and may lose all principal. Principal repayment and all payments are subject to UBS credit risk. Key dates: trade date May 4, 2026, settlement May 6, 2026, final valuation May 4, 2027, maturity May 6, 2027. Minimum investment is 100 Notes ($1,000); estimated initial value was $9.74 per $10 Note.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to American depositary receipts of Petróleo Brasileiro S.A. The notes mature on May 8, 2028 with a final valuation date of May 4, 2028. Coupons are contingent: UBS pays a coupon on a coupon payment date only if the underlying closing level on the applicable observation date is equal to or greater than the coupon barrier. The notes are automatically called 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 case UBS pays principal plus any contingent coupon on the related call settlement date and no further payments are due. If not called, principal repayment at maturity is contingent on the final level relative to the downside threshold; if the final level is below the downside threshold, principal is reduced in proportion to the underlying return and you may lose a significant portion or all of your investment. The notes are unsecured obligations of UBS and all payments depend on UBS creditworthiness.

UBS AG offers preliminary pricing for Trigger Autocallable Contingent Yield Notes linked to the common stock of Blackstone Inc. The Notes pay contingent coupons only if observation-date closes meet the coupon barrier and may autocall early if the underlying equals 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; if below, repayment falls proportionally to the underlying return and investors could lose a significant portion or all of their investment. All payments depend on UBS creditworthiness.

UBS AG priced a preliminary offering of Airbag Autocallable Yield Notes linked to the common stock of Advanced Micro Devices, Inc. The Notes pay a quarterly coupon and may be automatically called early if the underlying stock closes at or above its initial level on any observation date. If not called, principal repayment at maturity depends on the final stock level relative to a downside threshold: if the final level is below that threshold, investors face leveraged downside (approximately 1.1765% principal loss per 1% underlying decline beyond the threshold) and could lose the entire investment. Key dates include trade date May 4, 2026, settlement May 6, 2026, final valuation date May 4, 2027, and maturity May 6, 2027. Minimum investment is 100 Notes at $10 per Note.

UBS AG is offering UBS AG $525,000 Capped Buffer GEARS linked to the common stock of NVIDIA Corporation, maturing May 8, 2028. Each $10 Security returns principal plus a capped upside (Upside Gearing 3.00; Maximum Gain 50.61%) if the underlying return is positive. If the final level is below the downside threshold, losses occur beyond the 15.00% buffer, and you could lose almost all principal. Payments and any contingent principal repayment depend on UBS’s creditworthiness. Trade date is May 4, 2026 and settlement is expected May 6, 2026. The estimated initial value per Security is $9.71. This document lists key risks and refers to the accompanying product supplement and prospectus for full terms.

UBS AG offers Airbag Autocallable Yield Notes linked to Intel Corporation common stock due May 6, 2027. The Notes pay a quarterly coupon unless automatically called early when the underlying closes at or above its initial level on an observation date. If not called, repayment at maturity depends on the final level versus a downside threshold: if the final level is at or above that threshold, UBS will repay the $10 principal plus the final coupon; if below, repayment is reduced and investors bear leveraged downside (approximately 1.1765% principal loss per 1% decline beyond the threshold). Coupons and any principal repayment are subject to UBS credit risk. Trade date is May 4, 2026, settlement May 6, 2026, final valuation May 4, 2027, and maturity May 6, 2027. The estimated initial value at pricing was $9.74. The Notes are offered in minimum increments of 100 Notes at $10 per Note.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to ADRs of Petróleo Brasileiro S.A., with final terms set on the trade date. The Notes pay periodic contingent coupons only if the underlying meets the coupon barrier on observation dates and can 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 payable only if the final level is at or above the downside threshold; if the final level is below that threshold the cash payment may be less than principal, exposing investors to the underlying’s downside (including total loss in extreme cases). The Notes mature on May 8, 2028, have a trade date of May 4, 2026 and settlement date of May 6, 2026. Minimum investment is 100 Notes ($1,000), and UBS estimates the initial value between $9.23 and $9.48 per $10 Note. All payments are subject to the creditworthiness of UBS.

UBS AG priced Trigger Autocallable Contingent Yield Notes linked to the common stock of Zscaler, Inc. The notes have a $10 principal per note, trade date May 4, 2026, settlement date May 6, 2026, final valuation date May 3, 2029 and maturity date May 7, 2029. Periodic contingent coupons are payable only if the underlying closing level equals or exceeds the coupon barrier on observation dates; the issuer will automatically call the notes if the underlying closes at or above the initial level on an observation date prior to final valuation. If not called, principal is repaid at maturity 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 significant portion or all of their investment. All payments are subject to UBS credit risk.