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

UBS AG priced a preliminary offering for Trigger Autocallable Contingent Yield Notes linked to the common stock of Micron Technology, Inc., maturing on or about May 1, 2029. The Notes pay periodic contingent coupons only if the underlying's closing level meets or exceeds a coupon barrier on observation dates and may be automatically called quarterly beginning about six months after the trade date. If not called, principal repayment at maturity is contingent: full principal is returned only if the final level is at or above a disclosed downside threshold; otherwise investors suffer a loss equal to the underlying return and could lose the entire principal. The Notes are unsecured obligations of UBS and subject to UBS credit risk. Trade date and settlement are expected April 29, 2026 and May 1, 2026, respectively. The notes have a $10 principal amount, a minimum purchase of 100 Notes, and an estimated initial value range of $9.34 to $9.59 per Note.

UBS AG offers Trigger Autocallable Contingent Yield Notes linked to Apollo Global Management common stock due May 1, 2028. The Notes pay periodic contingent coupons only if the underlying closing level on an observation date is at or above a coupon barrier and can be automatically called early if the underlying is 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 principal is reduced proportionally to the underlying return and you could lose all of your investment. 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 Intuit Inc., due on or about May 1, 2028. The Notes pay contingent quarterly coupons only if the underlying meets coupon barriers on observation dates, are subject to an automatic call on quarterly observation dates beginning ≈12 months after the trade date, and repay principal at maturity only if the final level is at or above the disclosed downside threshold. The offering sets a minimum investment of 100 Notes at $10 per Note (representing $1,000) and an estimated initial value range of $9.30–$9.55 per Note. Key dates: trade date April 29, 2026, settlement May 1, 2026, final valuation date April 27, 2028, maturity May 1, 2028. The Notes are unsecured obligations of UBS and any payment, including contingent coupons or repayment of principal, is subject to UBS’s creditworthiness.

UBS AG priced a preliminary pricing supplement for $10 principal Trigger Autocallable Contingent Yield Notes linked to the common stock of Zscaler, Inc. The notes pay contingent quarterly coupons only if the underlying meets a coupon barrier and are subject to automatic early call quarterly beginning about six months after trade.

The notes mature on May 1, 2028, repay principal at maturity only if the final level is at or above a downside threshold, and expose holders to full downside market risk and UBS credit risk. Estimated initial value is between $9.39 and $9.64 per $10 note.

UBS AG offers a preliminary pricing supplement for Trigger Autocallable Contingent Yield Notes linked to the common stock of Ciena Corporation, with final terms set on the trade date.

Trade Date is April 29, 2026, settlement is May 1, 2026, final valuation date is April 29, 2027 and maturity is May 3, 2027. The Notes pay contingent coupons only if observation-date closing levels meet the coupon barrier, may autocall if the underlying meets the initial level, and repay contingent principal at maturity only if the final level is at or above the downside threshold (example: $10 principal with a 60.00% downside threshold). Minimum purchase is 100 Notes ($1,000). Estimated initial value range is stated as $8.95 to $9.20 per Note. All payments are subject to UBS credit risk and the Notes are not FDIC insured.

UBS AG offers a preliminary pricing supplement for Trigger Autocallable Contingent Yield Notes linked to the common stock of Netflix, Inc. The Notes mature on May 3, 2027 with a final valuation date of April 29, 2027 and an expected settlement on May 1, 2026. The Notes pay periodic contingent coupons only if the underlying's closing level meets or exceeds a coupon barrier on observation dates and are subject to an automatic call 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 an 80.00% downside threshold; otherwise repayment declines in line with the underlying return and could result in total loss. Minimum investment is 100 Notes ($1,000). The preliminary estimated initial value range is $9.48 to $9.73 per Note. The document emphasizes significant market and issuer credit risk and directs investors to the product supplement and prospectus for full terms and risks.

UBS AG priced a preliminary offering of Trigger Autocallable Contingent Yield Notes linked to the common stock of Workday, Inc. The Notes have a trade date of April 29, 2026, expected settlement on May 1, 2026, a final valuation date of April 27, 2028, and a maturity date of May 1, 2028. Each Note has a principal amount of $10 and the estimated initial value per Note is between $9.37 and $9.62 as of the trade date. The Notes pay periodic contingent coupons only if the underlying closes at or above a coupon barrier on observation dates, include an automatic call feature beginning after 12 months, and provide contingent repayment of principal at maturity subject to a downside threshold (example: $60.00, or 60.00% of the initial level). Payments are subject to UBS credit risk and you may lose a significant portion or all of your investment.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Vertiv Holdings Co. The preliminary pricing supplement dated April 29, 2026 sets a Trade Date of April 29, 2026, Settlement Date of May 1, 2026, Final Valuation Date of April 27, 2028, and Maturity Date of May 1, 2028. The Notes pay periodic contingent coupons only if the underlying stock is 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 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 proportionally to the underlying return, and investors could lose a significant portion or all of their investment. Minimum investment is 100 Notes ($1,000). The estimated initial value range is shown as $9.43–$9.68 per $10 Note, and all payments are subject to UBS credit risk.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Apollo Global Management, Inc., due on or about May 1, 2028. 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; otherwise no coupon is paid. The notes are automatically called early if the underlying closing level on an observation date prior to the final valuation date is at or above the initial level, in which case UBS will pay principal plus any contingent coupon then due. If not called and the final level is at or above the downside threshold, principal is returned at maturity; if the final level is below the downside threshold, repayment at maturity is reduced proportionally to the underlying return and investors could lose all principal. Payments are subject to UBS credit risk. Trade date is April 29, 2026 with expected settlement May 1, 2026. The preliminary estimated initial value range is $9.40–$9.65 per $10 note and minimum purchase is 100 notes ($1,000).

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to American Airlines Group Inc. common stock due May 1, 2028. The Notes pay periodic contingent coupons only if the underlying closing level on an observation date meets or exceeds a coupon barrier and may be automatically called on quarterly observations beginning after 12 months if the closing level is at or above the initial level. 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 × (1 + Underlying Return), exposing you to the negative return of the underlying and potential loss of your full investment. Payments depend on UBS’s creditworthiness. Trade date is April 29, 2026, settlement May 1, 2026, final valuation date April 27, 2028, and maturity May 1, 2028.

UBS AG offers Trigger Autocallable Contingent Yield Notes linked to lululemon athletica inc. 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 maturity. If not called, principal is repaid at maturity only if the final level is at or above the downside threshold; otherwise, repayment at maturity declines in line with the underlying return, which can result in a loss of a significant portion or all of the initial investment. Key dates: trade date April 29, 2026, settlement May 1, 2026, final valuation date April 29, 2027, maturity May 3, 2027. Minimum investment is 100 Notes at $10 per Note (i.e., $1,000); estimated initial value as of the trade date is $9.78. Any payments, including principal repayment, are subject to UBS credit risk.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of American Airlines Group Inc. The preliminary pricing supplement dated April 29, 2026 sets a trade date of April 29, 2026 and expected settlement of May 1, 2026. The notes mature on May 1, 2028 with a final valuation date of April 27, 2028. The Notes pay a contingent coupon only if the underlying stock meets the coupon barrier on observation dates; they are automatically called if the underlying equals or exceeds the initial level on an observation date (quarterly, beginning after 12 months). If not called, principal repayment at maturity is contingent on the final level relative to a disclosed downside threshold; if final level is below that threshold, investors may suffer losses up to the full principal. Minimum initial investment is 100 Notes at $10 per Note. The document states an estimated initial value range of $9.40 to $9.65 per Note as of the trade date and highlights credit risk of UBS and liquidity and estimated-value considerations.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of lululemon athletica inc., as described in a preliminary pricing supplement dated April 29, 2026. The Notes pay a contingent coupon only if the underlying stock's closing level on an observation date is at or above a stated coupon barrier; otherwise no coupon is paid. The issuer will automatically call the Notes early if the underlying's 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 a disclosed downside threshold; if the final level is below that threshold, repayment at maturity will reflect the percentage decline in the underlying and could result in a substantial loss or total loss of principal. Key dates: Trade Date April 29, 2026, Settlement Date May 1, 2026, Final Valuation Date April 29, 2027, Maturity Date May 3, 2027. Minimum investment is 100 Notes ($1,000). The estimated initial value range is $9.47–$9.72 per $10 Note. All payments depend on UBS's creditworthiness.

UBS AG offers $500,000 Trigger Autocallable Contingent Yield Notes linked to the common stock of Snowflake Inc. The Notes pay a quarterly contingent coupon only if the underlying closing level on an observation date meets or exceeds the coupon barrier; otherwise no coupon is paid.

If the underlying closes at or above the initial level on any quarterly observation date (beginning after 6 months), the Notes will be automatically called and paid at the principal amount plus any contingent coupon on the related call settlement date. If not called, repayment at maturity depends on the final level: full principal is paid if the final level is at or above the downside threshold; if below, principal is reduced pro rata to the underlying return, and you could lose a significant portion or all of your investment. Payments depend on UBS’s creditworthiness. Trade date is April 29, 2026, settlement May 1, 2026, final valuation April 27, 2029, maturity May 1, 2029.

UBS AG issues Trigger Autocallable Contingent Yield Notes linked to NVIDIA common stock due May 1, 2028. The Notes pay a contingent coupon on each coupon payment date only if the closing level of NVIDIA on the applicable observation date is at or above the coupon barrier; otherwise no coupon is paid. The Notes are automatically called early if NVIDIA 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 then due. If not called, repayment at maturity depends on the final level relative to the downside threshold: if the final level is below that threshold, principal is reduced proportionally to the decline in the underlying and investors can lose a substantial portion or all of their investment. The Notes are unsecured obligations of UBS and any payments, including principal, are subject to UBS credit risk. Trade date is April 29, 2026, settlement expected May 1, 2026, final valuation date April 27, 2028, and maturity May 1, 2028. The offering minimum is 100 Notes at $10 per Note and the estimated initial value was $9.81 as of the trade date.

UBS AG offers Trigger Autocallable Contingent Yield Notes linked to Snowflake Inc. due on or about May 1, 2029. The Notes pay periodic contingent coupons only if the underlying stock meets coupon barriers on observation dates and are auto‑callable quarterly beginning about six months after the trade date. If not called, principal repayment at maturity is contingent on the final level versus a downside threshold; a final shortfall can cause a loss equal to the underlying return, including total loss.

Trade Date: April 29, 2026; Settlement: May 1, 2026; Final Valuation Date: April 27, 2029. Minimum investment: 100 Notes ($1,000). Estimated initial value range: $9.36–$9.61 per $10 Note. All payments remain subject to UBS creditworthiness.

UBS AG priced a preliminary offering of Trigger Autocallable Contingent Yield Notes linked to NVIDIA Corporation with a trade date of April 29, 2026, expected settlement on May 1, 2026 and maturity on May 1, 2028. The Notes pay periodic contingent coupons only when the underlying closing level meets or exceeds a coupon barrier on observation dates and are automatically called if the underlying closing level 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: full principal is returned only if the final level is at or above the downside threshold; otherwise repayment can be less than principal and may reflect the full percentage decline of the underlying, producing significant loss up to a total loss. Example terms shown: $10 principal per Note, hypothetical contingent coupon rate 8.72%, estimated initial value range $9.45-$9.70, and minimum purchase of 100 Notes.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Norwegian Cruise Line Holdings Ltd. The notes pay contingent coupons only when the underlying closing level on observation dates meets or exceeds a coupon barrier and may be automatically called quarterly (beginning after six months) if the underlying closing level on an observation date is equal to or greater than the initial level. If automatically called, UBS pays principal plus any contingent coupon on the related call settlement date and no further payments are owed. If not called, repayment of principal at maturity is contingent: if the final level is below the downside threshold, the cash payment per note will be reduced proportionally to the underlying return and you could lose a significant portion or all of your investment. Trade Date is April 29, 2026, Settlement Date May 1, 2026, Final Valuation Date April 27, 2028, and Maturity Date May 1, 2028. The notes have a minimum investment of 100 Notes ($1,000), an estimated initial value of $9.76 per Note, and all payments are subject to UBS credit risk.

UBS AG offers Trigger Autocallable Contingent Yield Notes linked to NVIDIA common stock due May 3, 2027. The Notes pay periodic contingent coupons only if the underlying closing level on observation dates meets the coupon barrier and will be automatically called early if the underlying closing level meets or exceeds the initial level on any pre-maturity 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 pro rata to the underlying return, potentially causing a full loss of principal. Payments are subject to UBS credit risk. Trade date is April 29, 2026, settlement May 1, 2026, final valuation date April 29, 2027, and maturity May 3, 2027.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Norwegian Cruise Line Holdings Ltd. The Notes have a $10 principal amount, trade date April 29, 2026, settlement May 1, 2026, final valuation date April 27, 2028 and maturity May 1, 2028. Coupons are contingent and paid only if the underlying closing level meets the coupon barrier on an observation date; the Notes are automatically called if the underlying equals or exceeds the initial level on a quarterly observation date beginning after six months. If not called and the final level is below the downside threshold, principal repayment is contingent and may reflect the percentage decline in the underlying, potentially resulting in significant loss or total loss of principal. The estimated initial value range on the trade date is $9.39 to $9.64. The Notes are unsecured obligations of UBS and repayment is subject to UBS credit risk.

UBS AG offers Trigger Autocallable Contingent Yield Notes linked to Broadcom Inc. stock, maturing May 3, 2027. Each Note has a principal amount of $10. Contingent coupons may be paid on observation dates only if the underlying closes at or above the coupon barrier; otherwise no coupon is paid. The Notes will be automatically called early 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 on the call settlement date. If not called, repayment of principal at maturity is contingent on the final level relative to a downside threshold; if the final level is below that threshold, holders may suffer a loss equal to the underlying return (including a total loss).

The Notes are unsecured obligations of UBS and any payment, including principal, is subject to UBS credit risk. The estimated initial value per Note on the trade date is $9.77. Trade date is April 29, 2026 and expected settlement is May 1, 2026.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of NVIDIA Corporation with expected trade date April 29, 2026, final valuation date April 29, 2027 and maturity on May 3, 2027. Each Note has a principal amount of $10.

The Notes pay a contingent coupon on a coupon payment date only if the underlying closing level on an observation date is at or above the coupon barrier; otherwise no coupon is paid. The Notes are automatically called early if the underlying closing level on any observation date before the final valuation date is at or above the initial level, in which case holders receive principal plus any contingent coupon then due. If not called, principal is repaid at maturity only if the final level is at or above the downside threshold; if the final level is below that threshold, holders incur a loss equal to the underlying return and could lose their entire principal.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Broadcom Inc. The Notes have a principal amount of $10 per Note with a minimum purchase of 100 Notes. Trade Date is April 29, 2026 with Settlement on May 1, 2026. The Notes mature on May 3, 2027 with the Final Valuation Date on April 29, 2027.

The Notes pay 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 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 on the related call settlement date. If not called and the final level is below the downside threshold, repayment at maturity may be less than principal and can reflect the percentage decline in the underlying, potentially resulting in total loss. 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 Lam Research Corporation stock due May 1, 2029. The Notes pay periodic contingent coupons only if the underlying's closing level on an observation date is >= the coupon barrier and will be automatically called early if the underlying's closing level on any observation date prior to the final valuation date is >= the initial level. If not called, repayment at maturity is contingent: if the final level is >= the downside threshold you receive the $10 principal per Note; if the final level is below the downside threshold you receive $10 x (1 + underlying return), exposing you to the underlying's negative return and potential loss of all principal. The Notes are unsecured obligations of UBS and principal and any coupons depend on UBS's creditworthiness. Trade date is April 29, 2026; settlement May 1, 2026; final valuation date April 27, 2029; maturity May 1, 2029. The estimated initial value is $9.67 per $10 Note.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Eli Lilly common stock due May 3, 2027. The Notes pay periodic contingent coupons only if the underlying stock's closing level on observation dates meets or exceeds a coupon barrier. The Notes will be automatically called early if the underlying closes at or above the initial level on any observation date; in that event you receive principal plus any contingent coupon on the call settlement date and no further payments are due. If not called, repayment of principal at maturity is contingent on the final level being at or above a downside threshold; if the final level is below that threshold, principal will be reduced proportionally to the underlying return and you could lose a significant portion or all of your investment. Any payments are subject to UBS credit risk. Trade date is April 29, 2026, settlement May 1, 2026, final valuation date April 29, 2027 and maturity May 3, 2027.

UBS AG offers Trigger Autocallable Contingent Yield Notes linked to the common stock of Bank of America Corporation maturing on May 3, 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. If not called and the final level falls below the downside threshold, principal repayment at maturity is reduced pro rata to the underlying return; in extreme cases you could lose your entire investment. Payments are subject to UBS creditworthiness. The estimated initial value per $10 Note is $9.76.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Lam Research Corporation due on or about May 1, 2029. The notes pay contingent coupons only if the underlying's closing level meets the coupon barrier on observation dates and may autocall early if the underlying equals or exceeds the initial level on an observation date. If not autocalled, principal repayment at maturity is contingent on the final level relative to a downside threshold; a final-level decline below that threshold can produce a loss up to the full principal. Payments are subject to UBS credit risk. Trade date and estimated terms are set to be finalized on the trade date; the estimated initial value range is noted on the trade date.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Eli Lilly common stock due on or about May 3, 2027. The Notes pay periodic contingent coupons only if the underlying's closing level meets or exceeds a coupon barrier on scheduled 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: full principal is returned only if the final level is at or above the downside threshold; otherwise repayment equals $10 x (1 + underlying return), which can result in substantial loss or complete loss of principal. Payments depend on UBS creditworthiness. The trade date is April 29, 2026 with expected settlement on May 1, 2026. The Notes are offered in increments of 100 Notes ($1,000) and the estimated initial value range per Note is $9.42–$9.67 as of the trade date.

UBS AG offers Trigger Autocallable Contingent Yield Notes linked to the common stock of Advanced Micro Devices, Inc. The notes pay a contingent coupon only if the underlying closing level meets a coupon barrier on observation dates and may be automatically called early if the underlying closes at or above the initial level on any prior observation date. If not called, principal repayment at maturity is contingent: if the final level is at or above the downside threshold, UBS will repay the $10 principal; if the final level is below the downside threshold, repayment will decline proportionally to the underlying return and could result in the loss of the entire principal. All payments are subject to UBS credit risk.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Bank of America Corporation with a term of approximately one year, expected trade date April 29, 2026 and maturity on May 3, 2027. The notes pay contingent coupons only if the underlying closing level meets 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. At maturity, if not called and the final level is below the downside threshold, principal repayment is reduced pro rata to the underlying return, possibly resulting in a substantial loss or total loss of principal. The notes are unsecured obligations of UBS AG, not bank deposits, and any payments depend on UBS’s creditworthiness. 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 Block, Inc. The Notes pay periodic contingent coupons only if the underlying stock closes at or above a coupon barrier on observation dates; they autocall early if the stock 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 principal is reduced pro rata to the underlying return and you could lose a significant portion or all of your investment. Trade date is April 29, 2026, settlement May 1, 2026, final valuation date April 27, 2028 and maturity May 1, 2028. The Notes are unsecured obligations of UBS and payment depends on UBS creditworthiness. The estimated initial value was $9.78 per $10 Note.

UBS AG priced a Preliminary Pricing Supplement for $• Trigger Autocallable Contingent Yield Notes linked to the common stock of Advanced Micro Devices, Inc. The Notes mature on May 3, 2027 and feature periodic contingent coupons, an automatic early-call if the underlying meets the initial level, and contingent principal protection at maturity that applies only if the final level is at or above a stated downside threshold.

Key dated anchors: trade date April 29, 2026, settlement date May 1, 2026, final valuation date April 29, 2027. Principal amount per Note is $10; estimated initial value is shown between $9.48 and $9.73. Payments, including any principal return, are subject to the creditworthiness of UBS.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Block, Inc. 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 observation date prior to maturity. 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 pro rata to the underlying return and investors can lose a substantial portion or all of their investment. Trade date is April 29, 2026, settlement is May 1, 2026, final valuation date is April 27, 2028, and maturity is May 1, 2028. The notes are offered in $10 denominations with an estimated initial value range of $9.43 to $9.68 per note and are subject to UBS credit risk.

UBS AG offers Trigger Autocallable Contingent Yield Notes linked to the common stock of NVIDIA Corporation with final valuation on April 29, 2027 and maturity on May 3, 2027. 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 the downside threshold; otherwise repayment is reduced pro rata to the underlying return and investors can lose a significant portion or all principal. 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 was $9.77, with a minimum investment of 100 notes ($1,000).

UBS AG offers Trigger Autocallable Contingent Yield Notes linked to DocuSign, Inc. common stock. The Notes are $10 principal amount securities (offered in minimum blocks of 100 Notes) that pay contingent quarterly coupons only if the underlying meets a coupon barrier on observation dates and may be automatically called if the underlying equals or exceeds the initial level on a quarterly observation (beginning after 12 months). At maturity (May 1, 2028), principal is paid only if the final level is at or above the downside threshold; otherwise principal repayment is reduced pro rata by the underlying return, which could result in substantial loss, including the entire investment. Payments depend on UBS creditworthiness; estimated initial value as of trade date was $9.71 per Note.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to DocuSign, Inc. stock due on or about May 1, 2028. The Notes pay contingent coupons only if the underlying meets specified barriers on quarterly observation dates and can be automatically called after the first 12 months if the underlying closes at or above the initial level.

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 below, repayment is reduced pro rata to the underlying return and investors could lose most or all principal. Payments depend on UBS’s creditworthiness. Trade and settlement are expected on April 29, 2026 and May 1, 2026, respectively.

UBS AG priced a preliminary pricing supplement for $• Trigger Autocallable Contingent Yield Notes linked to the common stock of NVIDIA Corporation, with trade date April 29, 2026, expected settlement May 1, 2026, final valuation date April 29, 2027 and maturity around May 3, 2027. The Notes pay periodic contingent coupons only if the underlying meets a coupon barrier on observation dates and are automatically called 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, exposing holders to downside market risk and UBS credit risk. The preliminary estimated initial value range is $9.48–$9.73 per $10 Note; minimum investment is 100 Notes.

UBS AG is offering UBS Trigger Autocallable Contingent Yield Notes linked to the common stock of AECOM (ticker ACM). The Notes pay a contingent coupon of 12.40% per annum only if the underlying closes at or above the coupon barrier on an observation date and are subject to automatic early call.

Key terms set on the strike date (April 28, 2026): initial level $81.06, call threshold 100.00% of initial level ($81.06), coupon barrier and downside threshold 70.00% of initial level ($56.74). Minimum investment is 100 Notes at $10 per Note (representing $1,000). Estimated initial value range: $9.367–$9.667 per Note. Payments, including principal, depend on UBS creditworthiness and the final level on the final valuation date (April 28, 2027).

UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the Nasdaq-100, Russell 2000 and S&P 500. Trade date is May 6, 2026, settlement May 11, 2026, final valuation May 6, 2031 and maturity May 9, 2031.

Each Note has a $1,000 principal amount, a contingent coupon feature (covered coupon rate shown at 8.50% per annum on the cover) and issuer call rights on semiannual observation dates. Coupon barriers are 60% of initial levels and downside thresholds are 50% of initial levels. If UBS does not call the Notes and the least performing underlying asset finishes below its downside threshold, repayment at maturity will be reduced by that asset's percentage decline (potentially a total loss). The estimated initial value range is $959.90–$989.90 as of the trade date per UBS’ internal models.

UBS AG offers Trigger Autocallable Contingent Yield Notes linked to United Parcel Service, Inc. (UPS) due on or about May 4, 2028. The notes have a principal amount of $1,000 per note, a contingent coupon rate set on the trade date in the range 9.65% to 9.95% per annum, quarterly observation dates, and an estimated initial value between $943.80 and $973.80 as of the trade date. The notes pay contingent coupons only if the underlying closing level meets the coupon barrier on observation dates, are subject to automatic early call if the call threshold is met, and may deliver a share delivery amount at maturity if the final level is below the downside threshold, exposing investors to potential loss of a significant portion or all of principal.

UBS AG offered Capped Leveraged Buffered S&P 500® Index‑Linked medium‑term notes with an aggregate face amount of $6,251,000, maturing November 17, 2027. The notes provide 150.00% upside participation (capped at a 114.00% cap) and a 10.00% downside buffer (90.00% buffer level).

Payments depend on the S&P 500® performance from the trade date April 27, 2026 to the determination date November 15, 2027. Maximum cash settlement is $1,210.00 per $1,000 face amount; estimated initial value was $997.00 per $1,000 and issue price was 100.00%.

UBS AG offers $8,094,000 of Trigger Autocallable Contingent Yield Notes with Memory Interest linked to Salesforce, Inc. common stock. The Notes pay a contingent coupon of 11.33% per annum when the underlying closes at or above the coupon barrier and are callable quarterly beginning after six months. At maturity the principal is repaid only if the final level is at or above the downside threshold of $90.66 (50.00% of the initial level); otherwise holders suffer a loss equal to the underlying return. Payments depend on UBS creditworthiness; the estimated initial value per Note was $957.40 and the issue price is $1,000 per Note.

UBS AG is offering Barrier Market-Linked Notes linked to an unequally weighted basket of six currencies relative to the U.S. dollar maturing April 29, 2027. Each Note has a $1,000 principal amount and pays at maturity based on the basket return, subject to an 8.40% upper barrier, a 1.22 participation rate and a 5.00% conditional return. If a barrier event occurs (basket return > upper barrier), the payment is limited to the conditional return; if positive but ≤ upper barrier, payment = $1,000 × (1 + Basket Return × Participation Rate) capped at the 10.248% maximum gain. If the basket return is zero or negative, holders receive only the principal at maturity, and all payments are subject to UBS credit risk. The estimated initial value per Note on the trade date was $983.90.

UBS AG offers $761,000 of Trigger Autocallable Contingent Yield Notes linked to Credo Technology Group Holding Ltd ordinary shares. The Notes pay a contingent coupon (27.85% per annum) only if the underlying closes at or above the coupon barrier on specified observation dates. The Notes are callable quarterly beginning ~6 months after issue; if not called and the final level is below the 50.00% downside threshold ($82.96 of the initial level $165.92), principal repayment at maturity (May 3, 2029) is contingent and can result in a loss up to the full principal amount. Issue price is $1,000 per Note; the estimated initial value was $945.50 per Note as of the trade date.

UBS AG offers Buffer Callable Contingent Yield Notes linked to the least performing of the S&P 500®, Russell 2000® and Nasdaq-100®, due on or about May 6, 2027. The notes pay a contingent coupon only when each underlying meets its coupon barrier on an observation date and are callable monthly by UBS beginning after three months. If not called, principal repayment at maturity depends on the least performing underlying versus a 10% buffer; a final level below the downside threshold can cause a principal loss, potentially substantial. Issue price is $1,000 per note; estimated initial value range is $962.20–$992.20. The underwriting discount is $6.50 per note and proceeds to UBS are $993.50 per note. The notes are unsecured obligations of UBS and are subject to UBS credit risk, limited liquidity, and other risks described in the Key Risks and Risk Factors sections.

UBS AG is offering $2,875,000 of Trigger Autocallable Contingent Yield Notes linked to shares of the State Street® SPDR® S&P® Regional Banking ETF (KRE). The Notes pay a contingent coupon of 9.65% per annum only when observation-date closing levels meet the coupon barrier and are autocallable if KRE equals or exceeds the call threshold on any observation date. The initial level is $70.37, the call threshold is $70.37 (100.00% of initial), and the coupon barrier and downside threshold are $49.26 (70.00% of initial). Term runs to a final valuation date of April 30, 2029 with maturity on May 3, 2029. The estimated initial value per Note was $971.10 and the issue price is $1,000 per Note. Payments including principal are subject to UBS credit risk; if the final level is below the downside threshold, repayment at maturity may be less than principal.

UBS AG is offering Buffer Autocallable Contingent Yield Notes linked to the least performing of the Nasdaq-100 Index and the Russell 2000 Index maturing May 3, 2028. The offering totals $9,999,000 at an issue price of $1,000 per Note. The Notes pay a contingent coupon of 5.50% per annum on an observation date only if each underlying asset closes at or above its coupon barrier; they are callable on quarterly observation dates beginning after six months if both underlyings meet call thresholds. At maturity, principal is repaid only if each underlying is at or above its downside threshold; otherwise repayment is reduced by the loss of the least performing underlying in excess of a 20.00% buffer. Estimated initial value is $966.00 per Note. All payments, including principal, are subject to UBS credit risk and there may be little or no secondary market.

UBS AG offers $3,100,000 of Trigger Autocallable Contingent Yield Notes with Memory Interest linked to Texas Instruments common stock, maturing May 3, 2029. The Notes pay a contingent coupon of 9.20% per annum when the underlying meets the coupon barrier on quarterly observation dates and are autocallable if the underlying equals or exceeds the call threshold on an observation date (callable after six months). The initial level was set at $269.50 on the strike date; the call threshold equals 100% of the initial level and the downside threshold/coupon barrier equals 50% of the initial level ($134.75). Estimated initial value per Note was $963.30; issue price per Note is $1,000. Principal repayment at maturity is contingent on the final level and is subject to UBS credit risk; investors may lose a significant portion or all principal if the final level is below the downside threshold.

UBS AG offers Trigger Autocallable Contingent Yield Notes with Memory Interest linked to the least performing of the Nasdaq-100 Index, the State Street Financial Select Sector SPDR ETF (XLF) and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY).

The Notes have a $1,000 principal amount per Note, a contingent coupon rate of 9.75% per annum, monthly observation dates (callable after 12 months), a strike date of April 28, 2026, a trade date of April 29, 2026, expected settlement on May 4, 2026 and maturity on May 2, 2030. Payments, including any contingent coupons and any repayment of principal, are subject to UBS credit risk. The estimated initial value range on the trade date is $959.60 to $989.60 and the issue price per Note is $1,000.00.