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

UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the S&P 500®, Russell 2000® and Nasdaq-100®, due on or about March 7, 2028. The notes pay a 13.40% per annum contingent coupon only when each underlying asset meets its coupon barrier on observation dates and are callable monthly by UBS beginning about three months after issuance.

The notes have downside thresholds and coupon barriers set at 70.00% of each initial level; if any final level is below its downside threshold and UBS does not call, principal repayment at maturity will be reduced proportionally to the percentage decline of the least performing underlying asset, possibly resulting in the loss of the entire initial investment. The issue price is $1,000.00 per note, the estimated initial value range is $958.30 to $988.30, and proceeds to UBS are at least $992.75 per note, with an underwriting discount up to $7.25.

UBS AG files a preliminary pricing supplement for Capped Buffer Securities linked to the S&P 500® Index due on or about October 21, 2027. The terms show a $1,000 principal per Security, a 10.00% downside buffer and a 17.30% maximum gain, with expected trade and settlement in April 2026.

The securities pay no interest, repay principal at maturity only if the final index level is at or above the downside threshold, and expose holders to UBS credit risk. The estimated initial value range is $960.20–$990.20 versus the $1,000 issue price; secondary market liquidity is limited.

UBS AG is offering Trigger Autocallable Contingent Yield Notes with Memory Interest 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 and contingent coupon mechanics: a stated contingent coupon rate of 10.35% per annum, with a contingent coupon of $51.75 payable if both indices meet coupon barriers on an observation date plus any previously unpaid coupons (the memory feature).

Key expected dates: trade date April 17, 2026, settlement April 22, 2026, final valuation date April 17, 2029 and maturity April 20, 2029. Call threshold levels are set at 100.00% of initial levels and coupon barriers and downside thresholds at 70.00% of initial levels. If not auto-called and the least performing underlying is below its downside threshold, principal repayment is contingent and could result in a significant loss or a total loss. All payments are subject to UBS’ creditworthiness.

UBS AG offers Trigger In‑Digital Securities linked to the least performing of the Russell 2000® Index and the S&P 500® Index. The preliminary terms set a $1,000 principal per Security, a Digital Return of 21.25%, and digital barriers/downside thresholds equal to 80.00% of each initial level. Key dates: Trade Date April 17, 2026, Settlement Date April 22, 2026, Final Valuation Date April 17, 2028, Maturity Date April 20, 2028. If the least performing underlying asset’s final level is equal to or above its digital barrier, payment at maturity is $1,000 × (1 + 21.25%). If below the downside threshold, payment equals $1,000 × (1 + least performing underlying return), which can result in a loss of some or all principal. The preliminary estimated initial value range is $938.30 to $968.30 and the underwriting discount is $20.00 per Security; proceeds to UBS per Security are shown as $980.00. All payments are subject to UBS credit risk; additional terms and risks are in the referenced product supplement and prospectus.

UBS AG offers $1,000 Buffer Autocallable Notes linked to the least performing of the Nasdaq-100 Index and the Russell 2000 Index. The notes have a principal amount of $1,000 per Note, a call return rate of 9.70% per annum, a 15.00% buffer, call thresholds equal to 100.00% of initial levels and downside thresholds equal to 85.00% of initial levels. Observation dates are quarterly (beginning after 12 months); Final Valuation Date is March 31, 2031 and Maturity Date is April 3, 2031. Trade Date is March 31, 2026 and Settlement Date is April 6, 2026. If both underlyings meet call thresholds on an observation date, UBS will automatically call the Notes and pay the applicable call price. If not called, payment at maturity depends on the least performing underlying: you receive full principal only if each final level is at or above its downside threshold; otherwise principal is reduced by the loss in excess of the buffer. Estimated initial value range on the trade date is $927.10 to $957.10; issue price is $1,000.00 with an underwriting discount of $37.50 (proceeds to UBS $962.50). All payments are subject to UBS credit risk.

UBS AG offers Trigger Autocallable Contingent Yield Notes with Memory Interest linked to the least performing of the S&P 500® and Russell 2000®, with a contingent coupon of 8.90% per annum and a term maturing on April 20, 2029. The notes may autocall on semiannual observation dates beginning in October 2026 if both indices meet a call threshold; if not called, principal repayment at maturity is contingent on the final levels relative to a 70.00% downside threshold, exposing holders to potential full loss tied to the least performing underlying asset. Issue price is $1,000.00 per note; underwriting discount is $15.00, with proceeds to UBS of $985.00 per note. The estimated initial value range is $945.90 to $975.90 as of the trade date. Payments and principal remain subject to UBS credit risk.

UBS AG issues Enhanced Trigger Jump Securities totaling $1,005,000 linked to Western Digital common stock. The securities mature on March 28, 2028 and are auto-callable if the underlying stock closes at or above the call threshold of $294.79 on any determination date, triggering an early redemption that pays the stated principal plus a premium. If not called, maturity pays $1,788.00 per security if the final price is at or above the maturity redemption threshold of $176.87 (60% of the initial price); if the final price is below that level UBS will pay the cash value, exposing investors to loss of a significant portion or all principal. The stated principal is $1,000.00 per security, issue price $1,000.00, estimated initial value $964.10, and the offering includes total fees of 2.50% (proceeds to issuer: $979,875.00). Payments are unsecured and subject to UBS credit risk.

UBS AG is offering $1,170,000 Trigger Autocallable Contingent Yield Notes linked to the common stock of ServiceNow, Inc., due September 27, 2027. The Notes pay a contingent coupon only if the underlying 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.

If not called, principal repayment at maturity is contingent: if the final level is at or above the downside threshold you receive the $10 principal per Note; if below, repayment is reduced pro rata to the underlying return and you could lose a significant portion or all of your investment. The estimated initial value was $9.77 and minimum investment is 100 Notes ($1,000).

UBS AG offers Trigger Yield Notes linked to the common stock of Intel Corporation due September 28, 2026. The Notes pay a coupon on each payment date regardless of Intel's share performance. Principal repayment at maturity is contingent: if the final level is at or above a downside threshold, UBS pays the $10 principal per Note plus coupon; if below, repayment equals $10 x (1 + underlying return), which can produce a partial or total loss of principal. The final valuation date is September 24, 2026. Minimum investment is 100 Notes at $10 per Note ($1,000); the estimated initial value on the trade date is $9.82. The pricing example shows a coupon rate of 21.96% per annum (monthly coupon $0.183).

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of ServiceNow, Inc. The trade date is March 24, 2026, settlement is March 26, 2026, and maturity is September 27, 2027. The Notes have a principal amount of $10 per Note and a minimum investment of 100 Notes.

The Notes can pay periodic contingent coupons only if the underlying stock closes at or above the coupon barrier on observation dates; they are automatically called if the underlying closes at or above 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 (example downside threshold shown: $60.00, or 60.00% of the initial level). Estimated initial value is shown as between $9.39 and $9.64. All payments are subject to the creditworthiness of UBS.

UBS AG is offering Trigger Yield Notes linked to the common stock of Intel Corporation. The Notes pay a coupon on each coupon payment date regardless of the underlying asset's performance and provide contingent repayment of principal at maturity only if the final level is at or above a downside threshold. If the final level is below that threshold, principal repayment at maturity will be reduced proportionally to the underlying return and you could lose a significant portion or all of your investment. Key dates: Trade Date: March 24, 2026, Settlement Date: March 26, 2026, Final Valuation Date: September 24, 2026, Maturity Date: September 28, 2026. Minimum investment is 100 Notes at $10 per Note. The preliminary pricing range for estimated initial value is $9.54 to $9.79. The preliminary coupon rate shown is 20.53% per annum (monthly coupon $0.1711 per $10 Note). All payments are subject to UBS credit risk.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Mattel, Inc., due March 29, 2027. The Notes pay a 13.52% per annum contingent coupon only if the underlying closes at or above the coupon barrier on observation dates. The Notes can be automatically called early if the underlying closes at or above the initial level on any observation date; on an automatic call UBS pays the $10 principal plus any contingent coupon. If not called, principal is repaid at maturity only if the final level is at or above the downside threshold ($65.00, 65.00% of the initial level); if the final level is below that threshold, repayment at maturity is reduced pro rata and investors may lose a large portion or all of their principal. Trade date is March 24, 2026, settlement March 26, 2026, final valuation date March 24, 2027. Estimated initial value is $9.73; minimum investment is 100 Notes ($1,000). All payments are subject to UBS's creditworthiness.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Mattel, Inc., due on or about March 29, 2027. The trade date is March 24, 2026 with expected settlement on March 26, 2026 and a final valuation date of March 24, 2027.

The Notes have a $10 principal amount per Note, minimum purchase of 100 Notes, and an estimated initial value of between $9.45 and $9.70 per Note as of the trade date. Contingent coupons are payable only if the underlying's closing level on an observation date is at or above the coupon barrier. The Notes will automatically call early if the underlying's closing level on an observation date is at or above the initial level; in that case you would receive principal plus any contingent coupon then due.

If not autocalled, principal is repaid at maturity only if the final level is at or above the downside threshold (illustrative downside threshold: $65.00, or 65.00% of the initial level). If the final level is below the downside threshold, repayment at maturity can be less than principal and may result in a loss up to the full investment. Any payments are subject to UBS's creditworthiness.

UBS AG offers Trigger Autocallable Contingent Yield Notes linked to Micron Technology, Inc. due March 27, 2028. The Notes pay periodic contingent coupons only if the underlying closing level meets a coupon barrier on observation dates and are 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 investors suffer a loss equal to the underlying return and could lose all principal. Payments (including principal) are subordinated to UBS credit risk. Trade and settlement are March 24, 2026 and March 26, 2026, respectively; final valuation and maturity are March 23, 2028 and March 27, 2028. Minimum purchase is 100 Notes ($1,000); the estimated initial value was $9.78 per Note. The pricing supplement includes illustrative terms: a hypothetical contingent coupon rate of 23.72% per annum and a downside threshold equal to 50.00% of the initial level.

UBS AG offers Trigger Autocallable Contingent Yield Notes linked to Micron Technology, Inc. stock due on or about March 27, 2028. The notes pay periodic contingent coupons only if the underlying closing level meets a coupon barrier on observation dates and may be automatically called early if the underlying closes at or above the initial level on an observation date.

Trade date is March 24, 2026 with expected settlement on March 26, 2026. Minimum investment is 100 Notes at $10 per Note. Estimated initial value is between $9.42 and $9.67 per Note. At maturity on March 27, 2028, principal is repaid only if final level is at or above the downside threshold; otherwise repayment is reduced pro rata to the underlying return. All payments are subject to the creditworthiness of UBS.

UBS AG offers Trigger Autocallable Contingent Yield Notes linked to Blackstone Inc. common stock due March 26, 2029. The offering (header shows $350,000) pays periodic contingent coupons only if the underlying closes at or above a coupon barrier on observation dates. The Notes are auto‑callable quarterly (beginning ~6 months after issuance) if the underlying closes at or above the initial level; an automatic call pays principal plus any contingent coupon on the related coupon payment date. If not called, principal is repaid at maturity only if the final level is at or above the downside threshold ($70.00, 70% of the initial level); if below, repayment equals $10×(1+Underlying Return), exposing investors to the underlying’s negative return and possible total loss. Trade date is March 24, 2026, settlement March 26, 2026, final valuation date March 22, 2029. Minimum investment is 100 Notes ($1,000); estimated initial value per Note is $9.61. Any payments depend on UBS creditworthiness.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Blackstone Inc., due on or about March 26, 2029. The Notes pay a contingent coupon on each coupon payment date only if the closing level of the underlying stock on the applicable observation date meets or exceeds a coupon barrier; otherwise no coupon is paid. The Notes will be automatically called on a coupon payment date if the closing level on any quarterly observation date (beginning after 6 months) is equal to or greater than the initial level, in which case holders receive principal plus any contingent coupon due and the Notes terminate. At maturity, if not called, principal is repaid only if the final level is at or above a disclosed downside threshold; if the final level is below that threshold, holders suffer a loss equal to the underlying return and could lose all principal. Trade date is March 24, 2026 with expected settlement on March 26, 2026. Example terms include a $10 principal amount, a hypothetical contingent coupon rate of 18.32% per annum, a coupon amount of $0.458 per $10 Note, and a downside threshold of $70.00 (70% of the initial level). Estimated initial value is between $9.26 and $9.51 per $10 Note. Any payments are subject to the creditworthiness of UBS. Minimum investment is 100 Notes ($1,000).

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Intel Corporation common stock due September 27, 2027. The Notes pay a contingent coupon only when 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 if the underlying closing level on any monthly observation date (beginning after six months) is equal to or greater than the initial level; a call pays $10 principal plus any contingent coupon on the call settlement date and ends further payments. If not called, principal is protected at maturity only if the final level is at or above the downside threshold (stated as $50.00, or 50.00% of the initial level); if below that threshold repayment at maturity equals $10 x (1 + underlying return), which can result in a substantial or total loss. Trade/settlement dates are March 24, 2026 / March 26, 2026. Final valuation and maturity dates are September 23, 2027 and September 27, 2027. Minimum investment is 100 Notes at $10 per Note; the estimated initial value on the trade date is $9.77. The contingent coupon example shown is 16.79% per annum (example period coupon $0.1399). All payments, including any principal repayment, are subject to the creditworthiness of UBS AG.

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's closing level on an observation date meets or exceeds a coupon barrier; they autocall early if the underlying meets or exceeds the initial level on any observation date.

If not called, repayment at maturity depends on the final level relative to a 60.00% downside threshold. If the final level is below that threshold, principal is reduced pro rata to the underlying return and you could lose a substantial portion or all of your investment. Key logistical terms: trade date March 24, 2026, settlement March 26, 2026, final valuation date March 24, 2027, maturity March 29, 2027. The estimated initial value was $9.71 per Note; minimum investment is 100 Notes ($1,000).

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Intel Corporation stock, with final terms set on the trade date. The pricing supplement dated March 24, 2026 shows a trade date of March 24, 2026, settlement on March 26, 2026, a final valuation date of September 23, 2027, and maturity on September 27, 2027.

The Notes pay periodic contingent coupons only if the underlying closing level meets the coupon barrier on observation dates and are subject to monthly automatic calls beginning after six months if the underlying equals or exceeds the initial level. The Notes return principal at maturity only if the final level is at or above the downside threshold; otherwise principal repayment is reduced pro rata by the underlying return. The offering lists a minimum investment of $1,000 (100 Notes at $10 each) and an estimated initial value range of $9.41 to $9.66 per Note as of the trade date. Investments are exposed to UBS credit risk and may result in partial or total loss of principal.

UBS AG published a preliminary pricing supplement for Trigger Autocallable Contingent Yield Notes linked to the common stock of Freeport-McMoRan Inc. with expected maturity on or about March 29, 2027. The trade date is March 24, 2026 with settlement expected March 26, 2026.

The Notes pay contingent coupons only if the underlying closing level meets a coupon barrier on observation dates and will 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 a downside threshold; otherwise principal is reduced pro rata to the underlying return. The preliminary document cites an estimated initial value range of $9.46–$9.71 per $10 Note and a minimum purchase of 100 Notes ($1,000). Example terms show a hypothetical contingent coupon rate of 14.87% per annum and a downside threshold of $60.00 (60.00% of the initial level).

Investors bear both UBS credit risk and full downside exposure to the underlying if the Notes are not called; significant loss or total loss of principal is possible.

UBS AG offers Trigger Callable Contingent Yield Notes totaling $350,000 (issue price $1,000 per Note) linked to the least performing of the Dow Jones Industrial Average®, the Russell 2000® Index and the Nasdaq-100® Technology Sector, due March 25, 2031.

The Notes pay a monthly contingent coupon only if each underlying closes at or above its coupon barrier on an observation date; UBS may call the Notes monthly beginning approximately six months after issuance. If not called, principal is repaid at maturity only if each final level is at or above its downside threshold; otherwise repayment is reduced in line with the percentage decline of the least performing underlying asset.

UBS AG is offering $2,240,000 of Trigger Callable Contingent Yield Notes due March 16, 2029. The Notes are linked to the least performing of the Dow Jones Industrial Average, the Nasdaq-100 Technology Sector and the Russell 2000, pay a contingent coupon of 12.00% per annum when all three indices meet their coupon barriers, and are issuer-callable on monthly observation dates beginning after 12 months. Each underlying index has a coupon barrier and downside threshold equal to 70.00% of its initial level. If UBS does not call the Notes and the final level of any underlying asset is below its downside threshold, principal at maturity will be reduced proportionally to the negative return of the least performing underlying asset. The estimated initial value per Note is $973.20; issue price is $1,000 and proceeds to UBS are shown as $995.00 per Note.

UBS AG London Branch is offering $1,857,000 aggregate face amount of Capped Leveraged Buffered S&P 500® Index‑Linked Medium‑Term Notes due April 19, 2028. Each $1,000 face amount pays no interest and settles in cash on the stated maturity date based on the S&P 500 Index performance measured from the trade date March 20, 2026 to the determination date April 17, 2028.

Key terms: an upside participation rate of 170.00%, a cap level of 115.29% (maximum settlement $1,259.93 per $1,000), and a buffer that protects the holder against the first 15.00% of negative index return (buffer level 5,530.508). If the final index level falls below the buffer, holders suffer leveraged losses (approximately 1.1765% of face for each 1% decline below the buffer).

UBS AG offers $3,634,000 of Trigger Autocallable Contingent Yield Notes due March 23, 2029 linked to the least performing of the Russell 2000® Index, the State Street® Technology Select Sector SPDR® ETF (XLK) and the State Street® Utilities Select Sector SPDR® ETF (XLU).

The Notes pay a contingent coupon of 12.75% per annum when, on an observation date, the closing level of each underlying asset meets or exceeds its coupon barrier. They are callable monthly beginning after six months if each underlying meets its call threshold; if not called, principal repayment at maturity is contingent on the least performing underlying meeting its downside threshold. The issue price is $1,000 per Note, the estimated initial value is $944.40, and proceeds to UBS equal $3,515,895.00.

The issuer UBS AG is offering $6,198,000 of Trigger Callable Contingent Yield Notes linked to the least performing of the Dow Jones Industrial Average, the Russell 2000 and the S&P 500. Each Note has a $1,000 principal amount, a contingent coupon rate of 10.75% per annum, and a maturity date of March 25, 2031. Observation dates are quarterly and UBS may call the Notes in whole (but not in part) on any observation date beginning after six months. At maturity, principal is repaid only if each underlying asset is at or above its downside threshold (each downside threshold = 55.00% of the initial level); otherwise repayment declines proportionally to the negative return of the least performing underlying asset and you could lose a significant portion or all of your investment. The estimated initial value per Note as of the trade date is $990.00 and the issue price is $1,000.00. All payments are subject to UBS credit risk.

UBS is offering $585,000 of Contingent Income Auto-Callable Securities linked to the common stock of T‑Mobile US, Inc. Each security has a stated principal of $1,000, an issue price of $1,000, and matures on March 23, 2029. Holders may receive a contingent payment of $26.125 per security (10.45% per annum) on each contingent payment date if the closing price on a determination date is ≥ the downside threshold of $145.93 (70.00% of the initial price). If the closing price on a determination date (other than the final date) is ≥ the call threshold of $208.47 (100.00% of the initial price), the securities are auto‑redeemed early for the stated principal plus the contingent payment. If not redeemed and the final price is below the downside threshold, holders receive a cash value equal to the exchange ratio times the final price and can lose a significant portion or all of their investment. The estimated initial value at pricing was $965.90, below the issue price. All payments are subject to the credit risk of UBS AG, and UBS has elected cash settlement in lieu of share delivery in downside scenarios.

UBS AG is offering Trigger Autocallable Yield Notes linked to the common stock of GRAIL, Inc. The Notes have a principal amount of $1,000 per Note, a fixed coupon rate of 15.30% per annum, a trade date of March 27, 2026, expected settlement on March 31, 2026, a final valuation date of March 27, 2029 and a maturity date of March 30, 2029.

The Notes may be automatically called on quarterly observation dates beginning after six months if the closing level of GRAIL is at or above the call threshold (stated as 100.00% of the initial level). If not called, principal is contingent at maturity: full principal is repaid if the final level is at or above the downside threshold (stated as 50.00% of the initial level); if below, repayment falls proportionally and you could lose a significant portion or all of your investment. UBS’ estimated initial value range is $882.80 to $912.80 per Note; issue price per Note is $1,000.00 with an underwriting discount of $23.50.

UBS AG is offering Phoenix Autocallable Buffer Notes with Memory Interest linked to the common stock of Diamondback Energy, Inc. The notes have a principal amount of $1,000 per Note, a minimum initial investment of $10,000 (10 Notes) and contingent interest of at least $51.275 per Note when observation-date conditions are met. Final terms will be set on the trade date. Key dates include a trade date of March 27, 2026, expected settlement April 1, 2026, valuation date April 9, 2027 and maturity April 14, 2027. The notes are automatically callable on specified observation dates if the underlying's closing price is equal to or greater than the initial price. If not called, repayment at maturity is contingent: full principal is returned only if the final price is at or above the downside threshold (85% of the initial price as illustrated); otherwise holders receive a cash equivalent tied to the final price and share delivery amount, which can be worth less than principal. The estimated initial value range on the trade date is $957.00 to $987.00. All payments remain subject to UBS credit risk.

UBS AG London Branch is offering $4,615,000 of Contingent Income Auto-Callable Securities with Memory Coupon due March 23, 2028, linked to the worst performing of Apple, Amazon and Alphabet common stock.

The securities pay a contingent payment of $28.875 per security (equivalent to 11.55% per annum) on each contingent payment date only if all underlying equities close at or above 50% of their initial prices. The notes are auto-callable if all underlyings meet their 100% call thresholds on a determination date and otherwise expose holders to principal loss tied to the worst performing underlying; payments are subject to the credit risk of UBS AG.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of FedEx Corporation due March 26, 2029. The Notes pay periodic contingent coupons only if the underlying closing level meets the coupon barrier on observation dates and are automatically called early if the underlying equals or exceeds the initial level on any prior observation date.

Minimum purchase is 100 Notes at $10 per Note. The estimated initial value is $9.70. If not called, principal is repaid at maturity only if the final level is at or above the $80.00 downside threshold (80.00% of the initial level); otherwise principal is reduced pro rata, and investors can lose a substantial portion or all principal. Payments depend on UBS creditworthiness.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of FedEx Corporation due on or about March 26, 2029. The Notes pay periodic contingent coupons only if the underlying stock closes at or above a coupon barrier on observation dates and are autocallable early if the stock closes at or above the initial level on any observation date prior to the final valuation date. Each Note has a principal amount of $10, a minimum purchase of 100 Notes ($1,000), and example terms showing a hypothetical contingent coupon rate of 11.50% per annum. If not called and the final level is below the downside threshold (example: $80.00, or 80.00% of the initial level), redemption at maturity can be less than principal and may result in substantial or total loss. The trade date is March 23, 2026, settlement is expected March 25, 2026, the final valuation date is March 22, 2029 and maturity is March 26, 2029. Estimated initial value range at pricing is between $9.33 and $9.58 per Note.

UBS AG offers Trigger Autocallable Contingent Yield Notes linked to the common stock of Lam Research Corporation, maturing on March 27, 2028. The Notes pay periodic contingent coupons only if the underlying's closing level on each observation date is at or above the coupon barrier and will be automatically called early if the underlying's closing level is at or above the initial level on any observation date prior to maturity. At maturity, if not called, repayment of principal is contingent: full principal is paid only if the final level is at or above the downside threshold; otherwise principal is reduced in proportion to the underlying's decline, and investors could lose a significant portion or all of their investment. Key terms shown: contingent coupon rate 21.38% per annum (example), principal amount $10 per Note, downside threshold and coupon barrier at 50% of the initial level (example), trade date March 23, 2026, settlement March 25, 2026, final valuation date March 23, 2028, and maturity March 27, 2028. The estimated initial value is $9.77 per Note and the minimum investment is 100 Notes ($1,000). All payments are subject to UBS's creditworthiness.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Corning Incorporated stock due March 26, 2029. The Notes pay a contingent coupon only when the underlying closing level on an observation date is at or above a coupon barrier; otherwise no coupon is paid.

The Notes are subject to automatic early call if the underlying closing level on any observation date prior to maturity is at or above the initial level, in which case UBS will pay $10 principal plus any contingent coupon on the related call settlement date. If not called, principal repayment at maturity is contingent: if the final level is below the downside threshold ($50.00, equal to 50.00% of the initial level), repayment is $10 multiplied by (1 + underlying return), which can result in a substantial loss or complete loss of principal. Key dates: trade date March 23, 2026, settlement date March 25, 2026, final valuation date March 22, 2029, and maturity March 26, 2029. Minimum investment is 100 Notes ($1,000); the estimated initial value as of the trade date is $9.69. Any payments depend on UBS's creditworthiness.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Vistra Corp. The Notes mature on March 27, 2028 (final valuation date March 23, 2028) and pay contingent coupons only if the underlying meets a coupon barrier on observation dates. The Notes are automatically called on quarterly observation dates (beginning ~6 months after issuance) if the closing level is equal to or above the initial level, in which case holders receive principal plus any contingent coupon due on the call settlement date. If not called, principal is repaid at maturity only if the final level is at or above the downside threshold; otherwise principal is reduced proportionally to the underlying return (example downside threshold shown as $67.00, or 67.00% of the initial level). Example terms include a 23.58% per annum contingent coupon rate, an example contingent coupon of $0.5895 per $10 note, an estimated initial value of $9.82 per note, and a minimum investment of 100 notes ($1,000). Any payment is subject to the creditworthiness of UBS; holders may lose a significant portion or all of principal.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Lam Research Corporation, due on or about March 27, 2028. The Notes pay contingent coupons only if the underlying closes at or above a coupon barrier on observation dates and will be automatically called if the underlying closes at or above the initial level on any observation date prior to final valuation. If not called, principal repayment at maturity is contingent: full principal is paid only if the final level is at or above the disclosed downside threshold; if the final level is below that threshold, repayment is reduced pro rata to the underlying return and investors could lose a significant portion or all principal.

The preliminary pricing supplement shows a trade date of March 23, 2026, settlement on March 25, 2026, final valuation date March 23, 2028 and an example contingent coupon rate of 19.41% per annum with a hypothetical contingent coupon of $0.4853 on a $10 Note. The estimated initial value range is $9.42 to $9.67. Any payments depend on UBS's creditworthiness and the final terms will be set on the trade date.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Corning Incorporated, with an expected trade date of March 23, 2026, settlement on March 25, 2026, final valuation date March 22, 2029 and maturity on March 26, 2029.

The Notes have a principal amount of $10 per Note and a minimum purchase of 100 Notes ($1,000). Contingent coupons are payable only if observation-date closing levels meet the coupon barrier; automatic early call occurs 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 the downside threshold; a decline can cause a principal loss, up to a total loss. The estimated initial value range is $9.34 to $9.59, and all payments depend on UBS creditworthiness.

UBS AG offers Trigger Autocallable Contingent Yield Notes linked to the common stock of Vistra Corp., due on or about March 27, 2028. The Notes pay a contingent coupon only if the underlying closing level on an observation date is at or above a coupon barrier; otherwise no coupon is paid.

The Notes feature an automatic call on any quarterly observation date (beginning after ~6 months) if the underlying closing level is at or above the initial level, in which case holders receive principal plus any contingent coupon 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, UBS pays the $10 principal per Note; if below, repayment equals $10 x (1 + underlying return), which can result in substantial principal loss, up to the entire investment.

Key disclosed terms: trade date March 23, 2026, settlement March 25, 2026, final valuation date March 23, 2028, maturity March 27, 2028, minimum investment 100 Notes ($1,000), estimated initial value range $9.45–$9.70 per Note, and an illustrative contingent coupon rate of 21.33% per annum in the hypotheticals.

UBS AG offers Trigger Autocallable Contingent Yield Notes linked to Dell Technologies stock due March 25, 2031. The notes pay contingent quarterly coupons only if the underlying closes at or above a coupon barrier; they autocall early if the underlying closes at or above the initial level on any quarterly observation (beginning ~6 months after trade). At maturity, if not called and the final level is below the downside threshold, principal is reduced pro rata to the underlying return; in extreme cases you could lose all principal. The estimated initial value was $9.68 per $10 Note; the disclosed contingent coupon rate example is 14.78% per annum.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Southwest Airlines Co. equity maturing on March 26, 2029. The Notes pay periodic contingent coupons only if the underlying meets a coupon barrier on observation dates and are autocallable quarterly beginning after six months.

If autocalled, investors receive principal plus any contingent coupon on the call settlement date. If not autocalled, principal is repaid at maturity only if the final level is at or above a downside threshold; otherwise principal is reduced proportionally to the underlying return. Principal repayment and all payments are subject to UBS credit risk.

UBS AG published a preliminary pricing supplement for Trigger Autocallable Contingent Yield Notes linked to the common stock of Dell Technologies Inc. The notes have a Trade Date of March 23, 2026, expected Settlement Date March 25, 2026 and a maturity around March 25, 2031 with a Final Valuation Date of March 21, 2031.

The notes are principal-at-risk: principal is repaid at maturity only if the final level is at or above a disclosed downside threshold; otherwise repayment can be reduced proportionally to the underlying return. Minimum purchase is 100 notes at $10 per note. The preliminary materials show an estimated initial value range of $9.27 to $9.52 and provide a hypothetical contingent coupon example of 13.22% per annum.

UBS AG offers preliminary pricing for $• Trigger Autocallable Contingent Yield Notes linked to the common stock of Southwest Airlines Co. The trade date is March 23, 2026, settlement is March 25, 2026, the final valuation date is March 22, 2029, and the maturity date is March 26, 2029.

Each Note has a principal amount of $10 and a minimum purchase of 100 Notes ($1,000). The preliminary estimated initial value range is $9.32 to $9.57. The Notes pay a periodic contingent coupon only if the underlying closing level on an observation date meets or exceeds the coupon barrier; otherwise no coupon is paid. The Notes are automatically called if the underlying 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 due on the call settlement date.

If not called, repayment at maturity depends on the final level relative to the downside threshold: if the final level is at or above the downside threshold, holders receive the principal amount; if the final level is below the downside threshold, holders receive an amount equal to $10 × (1 + Underlying Return), which can result in a partial or total loss of principal. All payments are subject to the creditworthiness of UBS AG.

UBS AG offers Trigger Autocallable Contingent Yield Notes linked to Vertiv Holdings Co. The Notes pay contingent coupons only when the underlying closing level meets a coupon barrier and may be automatically called early if the underlying meets or exceeds the initial level on an observation date. The Notes pay principal at maturity only if the final level is at or above a 60.00% downside threshold of the initial level; otherwise principal is reduced pro rata to the underlying return, potentially causing full loss of principal. Trade date is March 23, 2026, settlement March 25, 2026, final valuation date March 23, 2028, and maturity March 27, 2028. Principal amount per Note is $10 and an illustrative contingent coupon rate shown is 25.01% per annum.

UBS AG offers $350,000 Trigger Autocallable Contingent Yield Notes linked to the common stock of Intel Corporation due March 26, 2029. The Notes pay periodic contingent coupons only if the underlying's closing level on each observation date meets or exceeds a coupon barrier. The Notes are automatically callable if the underlying closes at or above the initial level on any observation date prior to the final valuation date; upon an automatic call investors 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 a downside threshold (example shows $60.00, 60.00% of the initial level). If the final level is below that threshold, repayment is reduced proportionally to the underlying return and an investor could lose a substantial portion or all of their investment. Notes are unsecured obligations of UBS and repayment is subject to UBS's creditworthiness. Minimum purchase is 100 Notes (principal of $1,000) and the estimated initial value on the trade date is $9.73 per Note.

UBS AG offers Trigger Autocallable Contingent Yield Notes linked to the common stock of Vertiv Holdings Co. The Notes have a principal amount of $10 per Note, a trade date of March 23, 2026, expected settlement on March 25, 2026, a final valuation date of March 23, 2028 and a maturity date of March 27, 2028. 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 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 a downside threshold; if the final level is below that threshold, principal repayment is reduced proportional to the underlying return. The Notes are unsecured obligations of UBS and repayment is subject to UBS creditworthiness. Minimum purchase is 100 Notes ($1,000); the estimated initial value range on the trade date is $9.41 to $9.66.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Dow Inc. The notes mature on March 26, 2029 with a final valuation date of March 22, 2029. Periodic contingent coupons are payable 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 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. If not called, principal repayment at maturity is contingent: if the final level is below the downside threshold, repayment is reduced pro rata to the underlying return (example downside threshold shown as $50.00 per share, 50% of the initial level). Example terms show a $10 principal per note, a hypothetical contingent coupon rate of 10.03% per annum (contingent coupon $0.2508 per $10 note per observation), and an estimated initial value of $9.51 per $10 note. Any payment, including principal, is subject to UBS credit risk. Trade date shown is March 23, 2026 and settlement March 25, 2026.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Advanced Micro Devices, Inc., due March 26, 2029. The notes pay contingent coupons only when the underlying stock's 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 quarterly observation date after six months. At maturity the principal is repaid only if the final level is at or above the downside threshold; if below, repayment declines proportionally to the underlying return and could result in total loss. Minimum investment is 100 Notes ($1,000); the estimated initial value was $9.70 per Note.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Intel Corporation due on or about March 26, 2029. The trade date is March 23, 2026 with expected settlement on March 25, 2026. The Notes pay periodic contingent coupons only if the underlying stock closes at or above a specified coupon barrier on each observation date; otherwise no coupon is paid.

If the underlying stock closes at or above the initial level on any observation date prior to maturity, the Notes will be automatically called and redeemed at the principal amount plus any contingent coupon due on the related coupon payment date. If not called, principal repayment at maturity is contingent: if the final level is at or above the downside threshold, you receive the principal amount; if below, repayment equals $10 times (1 + underlying return), exposing investors to downside market losses (hypothetically up to a total loss).

The Notes are offered in minimum denominations of 100 Notes at $10 per Note (minimum $1,000). UBS estimates the initial estimated value between $9.36 and $9.61 per $10 Note. All payments are subject to the creditworthiness of UBS. The 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 Mattel, Inc. The Notes have a $10 principal per Note, a trade date of March 23, 2026, expected settlement on March 25, 2026, a final valuation date of March 23, 2027 and a maturity date of March 25, 2027.

The Notes may pay periodic contingent coupons only if the underlying closing level on an observation date is at or above the coupon barrier (coupon barrier: $65.00, equal to 65.00% of the initial level). UBS will automatically call the Notes early if the underlying closing level on any observation date prior to final valuation is at or above the initial level. At maturity, if not called, principal repayment depends on the final level relative to the downside threshold ($65.00); a final level below the downside threshold results in a cash payment that can be less than the principal, and you could lose all of your initial investment. Payments are subject to the creditworthiness of UBS. The estimated initial value as of the trade date was $9.78.