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

UBS AG offers a preliminary pricing supplement for $• Trigger Autocallable Contingent Yield Notes linked to the common stock of Broadcom Inc. due on or about March 23, 2027. The Notes pay periodic contingent coupons only if the underlying stock closes at or above a coupon barrier on observation dates and are autocallable if the underlying equals or exceeds the initial level on any prior observation date. If not called, principal repayment at maturity is contingent on the final level relative to a downside threshold; a final level below that threshold exposes holders to downside market losses, potentially the full principal. Trade date is March 19, 2026 with settlement expected March 23, 2026. Minimum investment is 100 Notes at $10 per Note; the estimated initial value per Note is between $9.47 and $9.72 as of the trade date.

UBS AG offers Trigger Autocallable Contingent Yield Notes linked to the common stock of Corning Incorporated, maturing on or about March 23, 2029. Each Note has a $10 principal amount and is offered in minimum increments of 100 Notes (a $1,000 minimum investment).

The Notes pay periodic contingent coupons only if the underlying closing level on observation dates meets or exceeds a coupon barrier; they autocall early if the underlying closes at or above the initial level on an observation date. At maturity, principal is repaid in cash only if the final level is at or above a 60.00% downside threshold; otherwise repayment will be reduced pro rata to the underlying return, which could result in the loss of a substantial portion or all of principal. The trade date is March 19, 2026, settlement on March 23, 2026, and the final valuation date is March 21, 2029. The preliminary estimated initial value range is $9.34 to $9.59 per Note and an illustrative contingent coupon rate shown is 23.76% per annum in the examples. All payments are subject to UBS credit risk.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Intel Corporation maturing on March 23, 2029. The Notes pay periodic contingent coupons only if the underlying closing level on an observation date meets or exceeds a coupon barrier; otherwise no coupon is paid. The Notes will be automatically called monthly (beginning after three months) if the underlying closing level on an observation date is equal to or greater than the initial level, in which case holders receive principal plus any contingent coupon due on the applicable call settlement date. If not called, principal repayment at maturity is contingent: if the final level is equal to or greater than the downside threshold (stated as $60.00, or 60.00% of the initial level in the examples), UBS pays the $10 principal per Note; if the final level is below that threshold, the cash payment equals $10 x (1 + Underlying Return), which can result in a substantial loss up to the full principal. The Notes are unsecured obligations of UBS and any payment is subject to UBS creditworthiness. Trade date and settlement are March 19, 2026 and March 23, 2026; final valuation and maturity dates are March 21, 2029 and March 23, 2029. The minimum investment is 100 Notes at $10 per Note; the estimated initial value on the trade date is $9.68. Example assumptions show a hypothetical contingent coupon rate of 20.91% per annum and illustrative downside and coupon barriers at $60.00.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Eli Lilly and Company, with a trade date of March 19, 2026, settlement March 23, 2026, final valuation June 21, 2027 and maturity June 23, 2027. The Notes pay a contingent coupon only when the underlying's closing level on an observation date is at or above the coupon barrier and will be automatically called (quarterly, beginning after 12 months) if the underlying is at or above the initial level on an observation date.

The Notes have a minimum investment of 100 Notes at $10 per Note. The issuer estimates an initial value range of $9.37 to $9.62 per Note. At maturity, if not called and the final level is below the downside threshold (specified as $60.00, or 60.00% of the initial level in the example), principal is exposed to the underlying return and could result in a partial or total loss of principal. All payments are subject to UBS credit risk.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Norwegian Cruise Line Holdings Ltd. The Notes pay contingent coupons only if the underlying's closing level on observation dates meets a coupon barrier of $60; they auto‑call if the underlying meets or exceeds the initial level on an earlier observation date. If not called, principal repayment at maturity depends on the final level: if the final level is at or above the downside threshold of $60, you receive the $10 principal; if below, repayment equals $10 × (1 + underlying return), which can result in substantial loss, including total loss. Key dates: Trade Date March 19, 2026, Settlement Date March 23, 2026, Final Valuation Date March 21, 2028, Maturity Date March 23, 2028. Minimum investment is 100 Notes ($1,000). The estimated initial value is $9.72 per Note and any payment is subject to UBS credit risk.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Intel Corporation due on or about March 23, 2029. The notes pay contingent coupons only if the underlying meets coupon barriers on monthly observation dates beginning after three months and will auto-call if the underlying equals or exceeds the initial level on any observation date. At maturity, repayment of principal is contingent: if the final level is below the downside threshold you may suffer a loss equal to the underlying return; in extreme scenarios you could lose your full investment. The notes are unsecured obligations of UBS and subject to UBS credit risk. Trade date, settlement date, estimated initial value range, and minimum investment are stated: trade date March 19, 2026, settlement March 23, 2026, estimated initial value between $9.36 and $9.61, and minimum investment of 100 notes ($1,000). Read the accompanying product supplement and prospectus for complete terms and risks.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Norwegian Cruise Line Holdings Ltd. with an expected trade date of March 19, 2026 and maturity on or about March 23, 2028. The Notes pay contingent coupons only when the underlying stock on an observation date is at or above a specified coupon barrier and may autocall 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 repaid only if the final level is at or above a disclosed downside threshold; otherwise the repayment equals $10 multiplied by (1 + underlying return), which can result in a substantial loss or total loss of principal. The Notes are unsecured obligations of UBS and repayment is subject to UBS's creditworthiness. The preliminary estimated initial value range is $9.39 to $9.64 per Note and minimum purchase is 100 Notes at $10 per Note.

UBS AG is offering $429,000 in Trigger Autocallable Contingent Yield Notes linked to Lam Research common stock due March 23, 2029. The Notes pay periodic contingent coupons only if the underlying meets a coupon barrier on observation dates and are automatically called early if the underlying equals or exceeds the initial level on an observation date.

The Notes return principal at maturity only if the final level is at or above a downside threshold (example: $50.00, 50.00% of the initial level). If the final level is below that threshold, principal is reduced pro rata to the underlying return and investors could lose a significant portion or all principal. Trade and settlement are March 19, 2026 and March 23, 2026; final valuation and maturity are March 21, 2029 and March 23, 2029. The estimated initial value per $10 Note is $9.72. Credit risk of UBS applies to all payments.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of CrowdStrike Holdings, Inc. due March 23, 2029. 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 observation date prior to final valuation. 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 is reduced proportionally to the underlying return and you could lose a significant portion or all of your investment. The offering shows a hypothetical $10 principal per note with a sample 16.04% per annum contingent coupon and example downside threshold of $60.00 (60.00% of the initial level). The estimated initial value is $9.75 per note, and the minimum investment is 100 notes (representing $1,000). Final valuation and maturity dates are March 21, 2029 and March 23, 2029, respectively. All payments remain subject to the creditworthiness of UBS AG.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to NVIDIA Corporation common stock due March 23, 2029. The Notes pay a contingent coupon on each coupon payment date only if the underlying closing level on the observation date is at or above the coupon barrier; otherwise no coupon is paid. The Notes will be automatically called early if the underlying closing level on any observation date prior to the final valuation date is equal to or greater than the initial level, in which case UBS will pay principal plus any contingent coupon due on the call settlement date. If not called, repayment at maturity depends on the final level relative to a downside threshold (example: $10 principal, downside threshold = 60% of the initial level); if the final level is below that threshold, principal is reduced proportionally and investors can lose a significant portion or all of principal. Trade date and expected settlement are March 19, 2026 and March 23, 2026. Minimum investment is 100 Notes ($1,000), and the estimated initial value was $9.73 per Note. All payments are subject to UBS's creditworthiness.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Lam Research Corporation, subject to completion of the final Offering Documents.

The Notes pay periodic contingent coupons only if the underlying stock closes at or above a coupon barrier on observation dates and are automatically called early if the underlying equals or exceeds the initial level on any observation date. If not called, principal repayment at maturity depends on the final level relative to a downside threshold; if the final level is below that threshold, investors face a loss equal to the underlying return, potentially losing all principal.

Key terms in the preliminary supplement: trade date March 19, 2026; settlement March 23, 2026; final valuation date March 21, 2029; maturity March 23, 2029. Minimum investment is 100 Notes ($1,000), and the estimated initial value range on the trade date is $9.36 to $9.61. This document is preliminary and subject to completion.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of CrowdStrike Holdings, Inc. The notes have a principal amount of $10 per Note, a term of approximately three years, and key dates: trade date March 19, 2026, settlement March 23, 2026, final valuation date March 21, 2029, and maturity March 23, 2029.

The notes pay a periodic contingent coupon only if the underlying closing level meets or exceeds the coupon barrier; the example coupon rate is 14.29% per annum (contingent coupon per $10 Note: $0.3573). The notes are autocallable: if the underlying closes at or above the initial level on an observation date, UBS will redeem early at principal plus any contingent coupon. If not called and the final level is below the downside threshold ($60.00, or 60.00% of the initial level in the example), repayment at maturity may be less than principal and can reflect the full downside of the underlying, including the potential loss of the entire initial investment. Payments are subject to the creditworthiness of UBS. The estimated initial value range on the trade date is $9.39 to $9.64. Minimum purchase is 100 Notes ($1,000).

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Microsoft Corporation due March 23, 2028. The Notes pay a contingent coupon on each coupon payment date only if the closing level of the underlying (Microsoft common stock) on the applicable observation date is at or above the coupon barrier. UBS will automatically call the Notes early on any quarterly observation date (beginning after 12 months) if the closing level is at or above the initial level; in that case UBS pays $10 plus any contingent coupon on the call settlement date and no further payments will be made.

If not called, at maturity UBS will repay $10 if the final level is equal to or greater than the downside threshold. If the final level is below the downside threshold, the cash payment per Note will equal $10 x (1 + Underlying Return), exposing investors to a percentage loss equal to the underlying return; in extreme scenarios you could lose your entire investment. The pricing example shows a 12.29% per annum contingent coupon rate (contingent coupon $0.3073 per $10 Note) and an estimated initial value of $9.74 as of the trade date. Trade Date is March 19, 2026 and Settlement Date is March 23, 2026.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to NVIDIA Corporation stock. The Notes pay periodic contingent coupons only if the underlying's closing level meets a coupon barrier and may be automatically called early if the underlying equals or exceeds the initial level on an observation date. The Notes mature on March 23, 2029 with a principal denomination of $10 per Note and trade and settlement expected on March 19, 2026 and March 23, 2026, respectively.

The Notes feature a contingent repayment of principal at maturity: if not called and the final level is below the downside threshold (example: 60.00% of the initial level in the illustrative terms), investors are exposed to the negative return of the underlying and could lose a significant portion or all principal. An illustrative contingent coupon rate shown is 11.70% per annum; the estimated initial value range is between $9.36 and $9.61 per Note. All payments are subject to the creditworthiness of UBS.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Dow Inc. The Notes pay periodic contingent coupons only if the closing level of Dow meets or exceeds a coupon barrier on observation dates and may be automatically called early if Dow's closing level equals or exceeds the initial level on any pre-maturity observation date. At maturity, if not called and Dow's final level is below the downside threshold, repayment of principal is reduced proportionally to the underlying return, potentially causing substantial or total loss of principal. Payments are subject to UBS credit risk. Trade date is March 19, 2026, settlement March 23, 2026, final valuation March 21, 2028, maturity March 23, 2028.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the American depositary receipts of Vale S.A., maturing March 23, 2027. The Notes pay a contingent coupon on each coupon payment date only if the closing level of the underlying ADR on the applicable observation date is at or above the coupon barrier; otherwise no coupon is paid. The Notes will be automatically called if the ADR closing level on any quarterly observation date (beginning after approximately six months) is at or above the initial level; an automatic call pays principal plus any contingent coupon then due. If not called, principal repayment at maturity is contingent: if the final level is at or above the downside threshold you receive the principal; if below, repayment falls in direct proportion to the ADR decline (you could lose all principal). Payments are subject to UBS credit risk. Trade date is March 19, 2026, settlement March 23, 2026; maturity March 23, 2027. The estimated initial value was $9.63 per Note; minimum investment is 100 Notes ($1,000). Example terms show a contingent coupon rate of 13.22% per annum and a downside threshold of 70.00% of the initial level.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Microsoft Corporation, maturing on or about March 23, 2028. The notes pay contingent coupons only when the underlying closing level on an observation date meets or exceeds the coupon barrier and will be automatically called if the underlying closes at or above the initial level on any quarterly observation date beginning after 12 months.

At maturity, if not previously called, principal is repaid in cash only if the final level is at or above the downside threshold; if below that threshold, repayment falls proportionally with the underlying return and investors could lose a significant portion or all of their principal. Trade date is March 19, 2026 with settlement expected March 23, 2026. Minimum investment is 100 Notes at $10 per Note. The estimated initial value is between $9.44 and $9.69.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Oracle Corporation due March 23, 2028. The Notes pay a contingent coupon only if the underlying closes at or above a coupon barrier on each observation date 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: if the final level is below the downside threshold, repayment may be reduced proportionally to the underlying return, potentially resulting in the loss of the entire principal. Trade and settlement dates are March 19, 2026 and March 23, 2026, respectively; the final valuation date is March 21, 2028. Minimum investment is 100 Notes at $10 per Note. The estimated initial value as of the trade date is $9.74. All payments depend on UBS creditworthiness.

UBS AG intends to offer Trigger Autocallable Contingent Yield Notes linked to the common stock of Dow Inc. in a preliminary pricing supplement dated March 19, 2026. Trade date is March 19, 2026 with expected settlement on March 23, 2026. The notes mature on March 23, 2028 with a final valuation date of March 21, 2028. Minimum investment is 100 Notes at $10 per Note. The notes pay periodic contingent coupons only if observation-date closing levels meet a coupon barrier, feature 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. Estimated initial value on the trade date is between $9.30 and $9.55. These are unsecured obligations of UBS and principal repayment is subject to UBS creditworthiness.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Vale S.A. ADRs due on or about March 23, 2027. The Notes pay a contingent coupon only if the underlying closing level on an observation date meets or exceeds a coupon barrier; they auto-call quarterly (beginning ~6 months) 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 a downside threshold (example: $10 principal and a 70.00% downside threshold). The Notes are unsecured obligations of UBS and subject to UBS credit risk. Trade date and expected settlement are March 19, 2026 and March 23, 2026. Minimum investment is 100 Notes at $10 per Note; estimated initial value range is $9.31 to $9.56 as of the trade date.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Oracle Corporation, with an expected maturity on March 23, 2028. The terms are preliminary and the final pricing supplement will set the final terms 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 are automatically called if the underlying closes at or above the initial level on any observation date prior to maturity. If not called and the final level is below the downside threshold, principal at maturity may be less than the $10 principal amount, potentially resulting in the loss of a significant portion or all of the investment. Trade date is March 19, 2026, settlement March 23, 2026, and final valuation date March 21, 2028.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of NVIDIA Corporation. The Notes pay a contingent coupon only when the underlying closing level on observation dates meets or exceeds the coupon barrier and are automatically called on any quarterly observation date (beginning after six months) when the closing level is at or above the initial level. The Notes mature on March 23, 2027 with a principal amount of $10 per Note. If the Notes are not called and the final level is below the downside threshold (example: $60.00, or 60.00% of the initial level), principal repayment at maturity is contingent and can result in a loss equal to the underlying return, including a total loss. The offering minimum is 100 Notes ($1,000); the estimated initial value on the trade date is $9.76. All payments are subject to UBS creditworthiness.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Oracle Corporation common stock due March 23, 2029. The Notes pay a contingent coupon only if the underlying 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 any monthly observation (beginning ~3 months after trade). If not called, principal is repaid at maturity only if the final level is at or above the downside threshold; otherwise principal is reduced pro rata to the underlying return and could be fully lost. Payments depend on UBS creditworthiness. Trade/settlement and key dates are shown on the cover.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to NVIDIA Corporation common stock due on or about March 23, 2027. The Notes pay contingent coupons only when the underlying closes at or above a coupon barrier on observation dates (quarterly, beginning after six months) and are subject to automatic early redemption if the underlying closes at or above the initial level on any prior observation date. If not called and the final level is below the downside threshold, repayment at maturity can be less than the principal amount; extreme declines could result in total loss. Key terms shown include a principal amount of $10 per Note, an illustrative contingent coupon rate of 11.08% per annum (contingent coupon $0.277 per $10 Note in the example), a downside threshold and coupon barrier of $60.00 (60.00% of the initial level), trade date March 19, 2026, settlement date March 23, 2026, final valuation date March 19, 2027, and maturity March 23, 2027. The minimum investment is 100 Notes ($1,000), and UBS estimates an initial value range of $9.45 to $9.70 per Note as of the trade date. All payments remain subject to UBS creditworthiness.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Citigroup Inc. common stock due June 23, 2027. The Notes pay a periodic contingent coupon only if the underlying closing level meets a coupon barrier on an observation date; otherwise no coupon is paid. The Notes will be automatically called early if the underlying closing level on any quarterly observation date (beginning after 12 months) is equal to or greater than the initial level, in which case holders receive principal plus any contingent coupon on the corresponding call settlement date. If not called, repayment at maturity depends on the final level relative to a downside threshold: if the final level is below that threshold, holders incur a loss equal to the underlying return and could lose all principal. Payments, including any contingent coupons and principal, are subject to the creditworthiness of UBS. Trade and settlement dates are March 19, 2026 and March 23, 2026, with final valuation on June 21, 2027 and maturity on June 23, 2027. The Notes have a minimum denomination of 100 Notes at $10 per Note and an estimated initial value of $9.65.

UBS AG offers Trigger Autocallable Contingent Yield Notes linked to Oracle Corporation stock, maturing on or about March 23, 2029. The Notes may 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 are automatically called early if the stock closes at or above the initial level on any monthly observation date beginning after three months; a call pays principal plus any contingent coupon due. If not called and the final level is below the downside threshold, repayment at maturity is reduced proportionally to the decline in the underlying asset, possibly resulting in total loss of principal. The preliminary pricing supplement sets a trade date of March 19, 2026, settlement of March 23, 2026, and a principal amount per Note of $10. The example contingent coupon rate shown is 17.95% per annum and the estimated initial value range is $9.37 to $9.62 per Note. All payments depend on the creditworthiness of UBS.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Citigroup Inc., due on or about June 23, 2027. The Notes pay contingent quarterly coupons only if the underlying stock meets a coupon barrier on observation dates and are callable quarterly beginning about 12 months after the trade date. If not called and the final level is below the downside threshold, principal repayment at maturity is contingent and may result in a loss equal to the underlying return. Trade date is March 19, 2026, settlement date is March 23, 2026, and final valuation date is June 21, 2027. Minimum investment is 100 Notes at $10 per Note; estimated initial value per Note is between $9.36 and $9.61.

UBS AG is offering Digital MSCI EAFE® Index-linked medium-term notes with a stated maturity of March 10, 2028. The offering is for an aggregate face amount of $480,000 (each note: $1,000 face), originally issued at 100.00% of face.

The notes pay no interest and provide a capped, buffered return: a 12.50% buffer (buffer level 2,575.1075), a cap level of 115.95% of the initial underlier level and a maximum settlement amount of $1,159.50 per $1,000 face. If the final MSCI EAFE level is below the buffer, holders incur leveraged downside exposure and may lose their entire investment. The estimated initial value on the trade date was $991.50 per $1,000 face. The notes are unsecured obligations of UBS and are not FDIC-insured.

UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the Russell 2000® Index and the S&P 500® Index, with an $1,000 principal per Note and an aggregate issue size of $1,150,000. The Notes pay a quarterly contingent coupon at a 9.75% per annum rate only if both indices meet their coupon barriers on each observation date. UBS may call the Notes on quarterly observation dates beginning after six months; if called you receive principal plus any contingent coupon then due. If not called, repayment at maturity on March 22, 2029 is contingent: full principal is returned only if each final index level is at or above its 70% downside threshold; otherwise repayment equals $1,000 × (1 + underlying return of the least performing underlying asset), which can result in substantial loss, including loss of the entire principal. The estimated initial value per Note is $962.30, below the issue price.

The issuer, UBS AG, is offering Trigger Callable Contingent Yield Notes with Daily Coupon Observation linked to the least performing of the Russell 2000®, S&P 500® and EURO STOXX 50®. The Notes have a principal amount of $10 per Note, a minimum investment of 100 Notes, a trade date of March 19, 2026, expected settlement on March 23, 2026, and an expected maturity on June 22, 2029.

The Notes pay a contingent coupon only if each underlying asset is at or above its coupon barrier on every trading day of an observation period; the stated minimum contingent coupon rate is 14.75% per annum and the contingent coupon per period is at least $0.3688. If UBS calls the Notes on an observation end date, holders receive principal plus any contingent coupon due on the call settlement date. If not called, repayment at maturity is contingent: full principal is repaid only if each underlying asset is at or above its downside threshold (70% coupon barrier; 60% downside threshold shown on cover). If the least performing underlying asset finishes below its downside threshold, holders suffer a loss equal to that underlying asset’s percentage return, possibly losing all principal. Estimated initial value range is $9.292 to $9.592 per Note.

UBS AG offers Trigger Autocallable GEARS linked to the Bloomberg Commodity Index 3 Month, maturing on or about March 31, 2031. Each Security has a principal amount of $10 and a minimum investment of 100 Securities ($1,000).

The Securities feature an automatic call on the observation date if the closing level of the underlying is at or above the autocall barrier; the call return rate is 16.70% (call price example: $11.67). If not called, final payment depends on the underlying return, upside gearing (range 1.25 to 1.50) and a downside threshold at 75.00% of the initial level; holders may lose a significant portion or all principal. Key dates include trade date March 27, 2026, observation date April 2, 2027, final valuation date March 27, 2031 and maturity March 31, 2031.

UBS AG is offering $1,200,000 of Trigger Autocallable Contingent Yield Notes with Memory Interest linked to the least performing of the Russell 2000® Index and the S&P 500® Index. The Notes have a $1,000 principal per Note, a contingent coupon rate of 8.75% per annum (contingent coupon $43.75 per semiannual payment if paid), semiannual observation dates, and an expected maturity of March 22, 2029.

The Notes will be automatically called early if both underlying indices are at or above their call thresholds on an observation date; call thresholds are set at 100.00% of initial levels. Coupon barriers and downside thresholds are set at 70.00% of initial levels. If not called and the final level of any underlying asset is below its downside threshold, repayment at maturity will be reduced proportionally to the negative return of the least performing underlying asset, potentially resulting in the loss of a significant portion or all of principal. The estimated initial value per Note on the trade date was $977.20; issue price is $1,000.00 per Note with underwriting discount $15.00 per Note and proceeds to UBS of $985.00 per Note. All payments are subject to UBS credit risk.

UBS AG is offering $529,000 of Trigger Callable Contingent Yield Notes due March 21, 2031. The Notes are linked to the least performing of the Russell 2000® Index, the S&P 500® Index and shares of the State Street® Technology Select Sector SPDR® ETF (XLK). They pay a 12.00% per annum contingent coupon (equal periodic installments of $10.00 per Note when payable) only if each underlying asset meets its 70.00% coupon barrier on an observation date. UBS may call the Notes in whole on monthly observation dates beginning after six months; if not called, principal repayment at maturity is contingent: full principal is returned only if each underlying asset is at or above its 60.00% downside threshold, otherwise the holder suffers a loss equal to the negative return of the least performing underlying asset. All payments are subject to UBS credit risk and there may be little or no secondary market.

UBS AG is offering $1,968,000 of Trigger Autocallable Contingent Yield Notes linked to the S&P 500® Index, maturing on March 21, 2030. The Notes pay a quarterly contingent coupon of 8.45% per annum only if the index closes at or above a 100% call threshold on observation dates and are callable beginning after 12 months.

The Notes return principal at maturity only if the final index level is equal to or above a 75.00% downside threshold of the initial level; otherwise principal is reduced pro rata to the index decline. Payments are unsecured obligations of UBS and depend on UBS' creditworthiness.

UBS AG is offering Trigger Autocallable Contingent Yield Notes with Memory Interest linked to the least performing of the Nasdaq-100 Index® and the S&P 500® Index. The Notes have a principal amount of $1,000 per Note and a term of approximately three years unless automatically called. Key economics set on the trade date include a contingent coupon rate of 10.00% per annum, a call threshold equal to 100.00% of each initial level, coupon barriers equal to 80.00% of each initial level and downside thresholds equal to 70.00% of each initial level. Observation dates are monthly (callable after six months); trade date is March 20, 2026, settlement March 25, 2026, final valuation March 20, 2029, and maturity March 23, 2029. The estimated initial value range at the trade date is $961.10 to $991.10; issue price per Note is $1,000.00 with an underwriting discount of $6.00 (proceeds to UBS $994.00 per Note). These Notes are unsecured obligations of UBS and payments (including contingent coupons and any principal) depend on UBS’ creditworthiness. If not called, holders face downside exposure equal to the negative return of the least performing underlying asset (in extreme cases, a total loss).

UBS AG is offering two separate UBS Trigger Autocallable Contingent Yield Notes linked to the common stock of AbbVie Inc. and Air Products & Chemicals, Inc., maturing on or about March 23, 2029. The Notes pay a contingent coupon of 9.00% per annum (equal to $0.225 per quarter) only when the underlying closing level on an observation date is at or above a coupon barrier. The Notes are callable beginning after six months if the underlying closes at or above a call threshold equal to 100.00% of the initial level. If not called, repayment at maturity depends on the final level versus a downside threshold (ranges shown on the cover). Minimum investment is 100 Notes ($1,000). The issue price exceeds estimated initial value; estimated initial value ranges are shown for each offering. All payments are subject to the creditworthiness of UBS, the Notes are not FDIC insured and will not be listed on an exchange. These Notes expose investors to potential loss of a significant portion or all of principal and limited upside (contingent coupons only).

UBS AG is offering Capped Buffer GEARS linked to an equally-weighted basket of 35 equities with a term of approximately 24 months. The securities mature on March 29, 2028, have 2.00 upside gearing, a 10.00 buffer, and a stated maximum gain range of 29.00–33.40. Minimum investment is 100 Securities at $10 per Security ($1,000). The estimated initial value on the trade date is between $9.35 and $9.65, and any repayment of principal is subject to UBS credit risk. The payout at maturity depends on the basket return and whether the final basket level is below the 90.00 downside threshold.

UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the Nasdaq-100, Russell 2000 and S&P 500, due on or about March 29, 2029. The notes pay a contingent coupon of 11.45% per annum when each underlying meets its coupon barrier and are callable monthly by UBS beginning ~3 months after issuance. Each Note has a principal amount of $1,000, an issue price of $1,000, an underwriting discount of $7 per Note and net proceeds to UBS of $993 per Note. The estimated initial value range is $958.30 to $988.30 as of the trade date. Coupon barriers are 70.00% of initial levels and downside thresholds are 60.00% of initial levels. If not called and any final level is below its downside threshold, repayment at maturity will be reduced by the percentage decline of the least performing underlying asset; in extreme cases, you could lose your entire investment. The notes are unsecured obligations of UBS and not listed on any exchange.

UBS AG is offering $750,000 of Buffer Callable Contingent Yield Notes linked to the least performing of the Russell 2000® Index and the S&P 500® Index due December 21, 2028. Each Note has a $1,000 principal amount and an estimated initial value of $956.60.

The Notes pay a contingent coupon of 10.00% per annum only if, on each observation date, the closing level of both indices is at or above their coupon barriers. The Notes include a 15.00% buffer (downside threshold at 85% of initial levels) but expose holders to loss of principal if the least performing index falls below its downside threshold. UBS may call the Notes in whole on monthly observation dates beginning after 12 months; all payments are subject to UBS credit risk.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the least performing of the Russell 2000® Index and the S&P 500® Index for a total issue amount of $15,166,660. The Notes have a principal amount of $10 per Note, a contingent coupon rate of 9.20% per annum (equivalent to $0.23 per quarter per Note if paid), quarterly observation dates (callable after six months), a final valuation date of March 19, 2029, and maturity on March 22, 2029.

The Notes pay contingent coupons only if both underlying indexes meet coupon barriers on an observation date, may be automatically called if both indexes meet call thresholds on an observation date, and at maturity repay principal only if both indexes are at or above their downside thresholds (both set at 70.00% of initial levels for the coupon barrier and downside threshold). If not called and the least performing underlying asset is below its downside threshold, the holder can suffer a loss up to the full principal. All payments depend on UBS’ creditworthiness.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Applied Materials, Inc., maturing March 22, 2027. The Notes pay a periodic contingent coupon only if the underlying stock closes at or above a coupon barrier on an observation date 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; if the final level is below that threshold, repayment at maturity will be reduced in line with the percentage decline in the underlying and investors could lose a significant portion or all of their investment. The offering shows a sample $10 principal note with a hypothetical contingent coupon rate of 23.59% per annum and an estimated initial value of $9.87 per Note. Trade/settlement dates are March 18, 2026/March 20, 2026, final valuation date March 18, 2027, and maturity March 22, 2027. All payments are subject to the creditworthiness of UBS.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Chevron Corporation. The Notes pay a contingent coupon only if the underlying stock closes at or above a coupon barrier on observation dates and may be automatically called quarterly (beginning after 12 months) if the closing level is at or above the initial level. At maturity (March 20, 2029), principal repayment is contingent: if the final level is at or above the downside threshold you receive $10 per Note; if below, you receive $10 multiplied by (1 + underlying return), which can result in a loss of principal up to 100%. Trade date and settlement are March 18, 2026 and March 20, 2026. Minimum investment is 100 Notes ($1,000). The estimated initial value was $9.59. Any payments depend on UBS's creditworthiness.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Marvell Technology, Inc. The Notes mature on March 20, 2028 and may be automatically called early if the underlying stock closes at or above the initial level on an observation date. The Notes pay a contingent coupon on each coupon payment date only if the closing level of the underlying asset on the applicable observation date is equal to or greater than the coupon barrier; otherwise no coupon is paid. If not called and the final level is below the downside threshold, principal repayment at maturity is reduced proportionally to the underlying return, potentially causing a total loss. Trade date is March 18, 2026, settlement March 20, 2026. Minimum investment is 100 Notes ($1,000); the estimated initial value per $10 Note is $9.80. Any payment is subject to UBS credit risk.

UBS AG offers a preliminary pricing supplement for Trigger Autocallable Contingent Yield Notes linked to the common stock of Oracle Corporation, due on or about March 20, 2028. The Notes pay periodic contingent coupons only if the underlying closing level on each observation date is at or above a coupon barrier and are automatically called early if the underlying closes at or above the initial level on any quarterly observation date beginning after six months. 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 the final level is below the downside threshold your cash payment at maturity will decline proportionally to the underlying return, and you could lose a significant portion or all of your investment. Payments, including principal, depend on the creditworthiness of UBS. Trade date is March 18, 2026, settlement date is March 20, 2026, final valuation date is March 16, 2028, and maturity is March 20, 2028. The Notes are offered in minimum investments of 100 Notes at $10 per Note ($1,000); the estimated initial value range is $9.42 to $9.67 per Note as of the trade date.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Netflix common stock due March 20, 2028. The Notes pay a contingent coupon only when the underlying closing level on an observation date meets or exceeds a coupon barrier; otherwise no coupon is paid. They automatically call early if the underlying closing level on any quarterly observation date (beginning after 6 months) is equal to or greater than the initial level, in which case UBS pays principal plus any contingent coupon on the related call settlement date.

If not called, repayment at maturity depends on the final level: if the final level is at or above the downside threshold, UBS pays the $10 principal; if below, repayment equals $10 x (1 + underlying return), so investors may suffer losses up to the full principal. The Notes are unsecured obligations of UBS and all payments are subject to UBS credit risk. The offering shows an aggregate amount of $2,757,000, an estimated initial value of $9.80 per Note and a minimum investment of 100 Notes.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Mondelz International, Inc. The Notes pay contingent coupons only if the underlying stock closes at or above the coupon barrier on observation dates and can be automatically called quarterly beginning after 12 months if the stock 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 (70% of the initial level in the examples); if the final level is below that threshold, principal repayment is reduced proportionally and you could lose all of your investment. Trade date is March 18, 2026, settlement March 20, 2026, final valuation date March 16, 2029, and maturity March 20, 2029. Minimum purchase is 100 Notes ($1,000). The estimated initial value per Note is $9.59 and an illustrative contingent coupon rate is 8.53% per annum.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Chevron Corporation, with a principal amount of $10 per Note and an expected term to maturity of approximately three years. The Notes pay a contingent coupon only if the underlying stock's closing level on an observation date is equal to or above the coupon barrier; otherwise no coupon is paid.

The Notes include a quarterly automatic call feature beginning after 12 months: if the underlying's closing level on an observation date is equal to or greater than the initial level, UBS will redeem the Notes early at principal plus any contingent coupon due. If not called, principal repayment at maturity is contingent: if the final level is below the downside threshold, repayment declines in line with the underlying return and investors could lose a significant portion or all of their investment. Key dates: trade date March 18, 2026, settlement date March 20, 2026, final valuation date March 16, 2029, maturity date March 20, 2029.

The preliminary pricing indicates a hypothetical contingent coupon rate of 7.80% per annum, an example contingent coupon of $0.195 per Note per coupon period, and an estimated initial value range between $9.29 and $9.54 per Note. Minimum purchase is 100 Notes (a $1,000 investment). All payments are subject to UBS's creditworthiness.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of The Procter & Gamble Company due on or about March 20, 2029. The Notes pay a contingent coupon only when the underlying stock's closing level on an observation date is at or above the coupon barrier and will be automatically called early if the closing level on any quarterly observation date (beginning after 12 months) is equal to or greater than the initial level.

If not called, principal is contingently repaid at maturity: the issuer will pay $10 per Note at maturity if the final level is at or above the downside threshold; if the final level is below the downside threshold, the cash payment per Note will equal $10 x (1 + Underlying Return), which can result in a substantial loss or a total loss of principal. Key transaction dates: trade date March 18, 2026, settlement date March 20, 2026, final valuation date March 16, 2029.

The Notes have a minimum investment of 100 Notes (representing $1,000), an estimated initial value per Note between $9.29 and $9.54 on the trade date, and any payments are subject to the creditworthiness of UBS.

UBS AG offers Trigger Autocallable Contingent Yield Notes linked to the common stock of NIKE, Inc., due March 20, 2029. Each Note has a $10 principal amount and an estimated initial value of $9.61. UBS will pay periodic contingent coupons only if the underlying closing level on an observation date is at or above the coupon barrier. The notes are subject to an automatic call on any quarterly observation date (beginning after 12 months) if the underlying closes at or above the initial level; a call results in repayment of principal plus any contingent coupon then due. If not called, repayment at maturity depends on the final level relative to the downside threshold of $70.00 (70% of the initial level): if below that threshold you will suffer a loss equal to the underlying return and could lose your entire investment. Payments are subject to UBS creditworthiness. Trade date: March 18, 2026; settlement date: March 20, 2026; final valuation date: March 16, 2029; maturity: March 20, 2029.