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

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Mondelz International, Inc. The Notes have an expected trade date of March 18, 2026, settlement on March 20, 2026 and maturity on or about March 20, 2029.

The Notes pay periodic contingent coupons only if the underlying closing level on an observation date meets or exceeds a coupon barrier and will be automatically called (quarterly, beginning after 12 months) if the underlying closing level on an observation date is equal to or greater than the initial level. If not called, principal repayment at maturity is contingent: full principal is paid if the final level is at or above a disclosed downside threshold (example: 70% of the initial level); if below, principal is reduced pro rata to the underlying return and you could lose a substantial portion or all of your investment. Minimum investment is 100 Notes at $10 per Note; the estimated initial value range is $9.29 to $9.54 per Note. All payments are subject to UBS credit risk.

UBS AG is offering $680,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Blackstone Inc. The Notes pay a periodic contingent coupon only if the underlying meets the coupon barrier on observation dates, and are subject to quarterly automatic early call beginning ~6 months after trade.

If not called, principal repayment at maturity depends on the final level versus a 70.00% downside threshold; a final level below that produces a cash payment that can be less than principal, with possible loss of all invested capital. Trade date is March 18, 2026, settlement March 20, 2026, final valuation date March 16, 2029, and maturity March 20, 2029. Minimum investment is 100 Notes at $10 per Note; the estimated initial value per Note is $9.64.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Devon Energy Corporation, with a principal amount of $10 per Note and maturity on March 20, 2029. The Notes pay a contingent coupon only if the underlying's closing level on an observation date meets or exceeds the coupon barrier and may be automatically called quarterly beginning after 12 months if the underlying equals or exceeds the initial level. If not called and the final level is below the downside threshold, principal repayment is contingent and may result in a loss equal to the underlying return; extreme loss of the entire investment is possible. The estimated initial value is $9.54 as of the trade date. The offering includes a contingent coupon rate of 12.27% per annum in the example and lists a downside threshold and coupon barrier of $70.00 (70.00% of the initial level). Payments are subject to the creditworthiness of UBS and the terms are subject to postponement in the event of a market disruption event.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Apollo Global Management, Inc., due March 20, 2029. The Notes pay a periodic contingent coupon only if the underlying closing level on an observation date is at or above the coupon barrier; otherwise no coupon is paid. The Notes will be automatically called 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 holders receive principal plus any contingent coupon then due.

If not called, principal repayment at maturity is contingent: holders receive full principal if the final level is at or above the downside threshold, but if the final level is below the downside threshold the cash payment equals $10 x (1 + Underlying Return), exposing holders to the underlying asset's negative return (the materials state the downside threshold is $70.00, equal to 70.00% of the initial level). The pricing supplement shows a hypothetical contingent coupon rate of 19.54% per annum (contingent coupon $0.4885 per $10 Note), an estimated initial value of $9.66, and trade/settlement on March 18, 2026/March 20, 2026.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Oracle Corporation common stock due March 20, 2028. The notes pay a contingent coupon on each coupon payment date only if the underlying closing level on the applicable observation date is at or above the coupon barrier; otherwise no coupon is paid. The notes will be automatically called early if any quarterly observation date (beginning after six months) has a closing level at or above the initial level, in which case UBS pays principal plus any contingent coupon then due and the notes terminate.

If not called, repayment at maturity depends on the final level on the final valuation date March 16, 2028: if the final level is at or above the downside threshold you receive the $10 principal per note; if below, you receive $10 × (1 + underlying return), exposing you to the full downside of the underlying (including possible total loss). Trade date is March 18, 2026, settlement March 20, 2026. Minimum investment is 100 notes ($1,000). The estimated initial value as of the trade date is $9.79. All payments are subject to UBS credit risk.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of NVIDIA Corporation due on or about March 22, 2027. The Notes pay periodic contingent coupons only if the underlying closing level on observation dates meets a coupon barrier and will be automatically called early if the underlying equals or exceeds the initial level on any quarterly observation date beginning after six months. If not called, repayment at maturity depends on the final level versus a downside threshold; repayment may be less than the principal amount and investors could lose a significant portion or all of their investment. The Notes have a $10 principal amount per Note, a minimum purchase of 100 Notes, trade date March 18, 2026, and expected settlement on March 20, 2026. The preliminary pricing supplement shows an estimated initial value range of $9.45 to $9.70 per Note and includes illustrative contingent coupon figures. All payments remain subject to the creditworthiness of UBS AG.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Morgan Stanley, maturing March 20, 2029. The Notes pay a contingent coupon only when the underlying stock closes at or above a coupon barrier on observation dates; they are automatically called if the underlying closes at or above the initial level on any quarterly observation date beginning after 12 months. If not called, principal is repaid at maturity only if the final level is at or above the disclosed downside threshold; otherwise principal is reduced pro rata to the underlying return, and investors could lose a significant portion or all of their investment. The offering specifies a minimum purchase of 100 Notes (principal amount $1,000), an estimated initial value per Note of $9.58 as of the trade date, trade and settlement dates of March 18, 2026 and March 20, 2026, and final valuation and maturity dates of March 16, 2029 and March 20, 2029. Credit exposure is to UBS; any payments depend on UBS's creditworthiness.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Apollo Global Management, Inc. The Notes mature on March 20, 2029 and include periodic contingent coupons paid only if the underlying meets a coupon barrier on observation dates.

The Notes feature an automatic call if the underlying equals or exceeds the initial level on any observation date prior to the final valuation date; an automatic call results in payment of principal plus any contingent coupon on the related call settlement date. If not called, principal repayment at maturity is contingent: full principal is paid if the final level is at or above a downside threshold, otherwise repayment is reduced pro rata to the underlying return, and you could lose all your investment. Trade date is March 18, 2026, settlement is March 20, 2026, final valuation date is March 16, 2029. Minimum investment is 100 Notes at $10 per Note; estimated initial value range is $9.29 to $9.54.

UBS AG offers a preliminary pricing supplement for $• Trigger Autocallable Contingent Yield Notes linked to the common stock of Blackstone Inc. due on or about March 20, 2029. The Notes pay periodic contingent coupons only if the underlying meets coupon barriers on observation dates and are autocallable quarterly beginning about six months after the trade date. Each Note has a principal amount of $10; the example contingent coupon rate is 17.35% per annum and a contingent coupon of $0.4338 per period. If not called and the final level is below the downside threshold, principal repayment may be less than the principal amount, potentially resulting in a loss up to the full investment. Trade date and settlement are shown as March 18, 2026 and March 20, 2026, respectively; final valuation date is March 16, 2029. The Notes are unsecured obligations of UBS and any payment is subject to UBS credit risk. The estimated initial value is shown as a range between $9.27 and $9.52 per Note in this preliminary supplement.

UBS AG published a preliminary pricing supplement dated March 18, 2026 for $• Trigger Autocallable Contingent Yield Notes linked to the common stock of Oracle Corporation, due on or about March 20, 2028. The notes pay quarterly contingent coupons only if the underlying meets coupon barriers on observation dates and may autocall quarterly beginning after six months if the underlying equals or exceeds the initial level.

The notes repay principal at maturity only if the final level is at or above the downside threshold; otherwise principal is reduced pro rata to the underlying return. Trade date is March 18, 2026 with settlement expected March 20, 2026. Minimum investment is 100 notes at $10 per note. The document states an estimated initial value range of $9.44 to $9.69 as of the trade date and emphasizes that payments are subject to UBS credit risk.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Morgan Stanley due on or about March 20, 2029. The notes pay 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 quarterly observation date beginning after 12 months.

Terms shown: $10 principal per Note, minimum investment 100 Notes ($1,000), trade date March 18, 2026, settlement March 20, 2026, final valuation date March 16, 2029. A hypothetical contingent coupon rate is 10.32% per annum and the downside threshold is 70% of the initial level. If not called and the final level is below the downside threshold, repayment may be less than principal, and you could lose a significant portion or all of your investment. Estimated initial value range is $9.28–$9.53 per Note as of the trade date.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Lam Research Corporation maturing on March 20, 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 prior observation date. If not called, principal repayment at maturity is contingent: full principal is paid if the final level is at or above the downside threshold; if below, the cash payment equals $10 x (1 + Underlying Return), potentially resulting in a loss of principal up to 100% tied to the underlying's decline. Trade date is March 18, 2026, settlement date is March 20, 2026. Example terms show a $10 principal, an illustrative contingent coupon rate of 28.15% per annum ($0.7038 per $10 note per coupon), an estimated initial value of $9.72, a downside threshold and coupon barrier at $65.00 (65% of the initial level), and minimum investment of 100 Notes ($1,000).

UBS AG offers preliminary terms for Trigger Autocallable Contingent Yield Notes linked to the common stock of Lam Research Corporation due on or about March 20, 2029. The Notes pay a contingent coupon only if the underlying closes at or above a coupon barrier on observation dates and may be automatically called early if the underlying closes at or above the initial level on any prior 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 principal amount; if below, you receive an amount equal to $10 x (1 + Underlying Return), which can result in a significant loss or total loss of principal. Trade and settlement dates are March 18, 2026 and March 20, 2026, respectively. Minimum investment is 100 Notes at $10 per Note and the estimated initial value per Note is between $9.35 and $9.60.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Apollo Global Management, Inc. with a term of about one year maturing on March 22, 2027. Trade date is March 18, 2026 with expected settlement on March 20, 2026.

The Notes may pay periodic contingent coupons only if the underlying stock closes at or above a coupon barrier on observation dates and will be automatically called if the underlying equals or exceeds the initial level on any observation date prior to maturity. If not called, principal is repaid at maturity only if the final level is at or above a downside threshold; otherwise principal is reduced in proportion to the underlying return. Minimum investment is 100 Notes ($1,000); estimated initial value range is between $9.52 and $9.77 per Note. All payments depend on UBS creditworthiness; investors may lose a significant portion or all of their investment.

UBS AG offers Trigger Autocallable Contingent Yield Notes linked to EQT Corporation stock due March 20, 2029. The Notes pay contingent coupons only if the underlying closing level on an observation date meets or exceeds a coupon barrier and can be automatically called on quarterly observation dates beginning after 12 months if the closing level is at or above the initial level. At maturity, if not called and the final level is below the downside threshold, repayment of principal is contingent and may result in a loss equal to the underlying return; in extreme cases you could lose all initial investment. The Notes are offered in $10 per Note increments (minimum 100 Notes) with an estimated initial value of $9.52 as of the trade date. Payment of any amounts, including principal, is subject to the creditworthiness of UBS.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Microsoft Corporation stock maturing on March 20, 2029. The Notes pay periodic contingent coupons only if the underlying closing level meets a coupon barrier on observation dates and are automatically called if the underlying equals or exceeds the initial level on any quarterly observation (beginning after six months). If not called, principal is repaid at maturity only if the final level is at or above an 80.00% downside threshold; otherwise principal is reduced pro rata to the underlying return, potentially losing all principal. Payments depend on UBS creditworthiness. Minimum investment is 100 Notes at $10 per Note; the estimated initial value on the trade date was $9.76.

UBS AG offers Trigger Autocallable Contingent Yield Notes linked to EQT Corporation stock due on or about March 20, 2029. The Notes pay periodic contingent coupons only if the underlying stock closes at or above a coupon barrier on observation dates; quarterly automatic calls begin after 12 months if the underlying closes at or above the initial level. The Notes have a $10 principal amount per Note, a minimum purchase of 100 Notes ($1,000), and an estimated initial value range of $9.22 to $9.47 per Note as of the trade date. If not called, principal repayment at maturity depends on the final level relative to a 70.00% downside threshold; a final level below that threshold can produce a loss up to the full investment. Trade date and settlement are March 18, 2026 and March 20, 2026, respectively.

UBS AG offers Trigger Autocallable Contingent Yield Notes linked to the common stock of Microsoft Corporation, due on or about March 20, 2029. The Notes pay a contingent coupon on each coupon payment date only if the underlying closing level on the applicable observation date meets or exceeds a coupon barrier; otherwise no coupon is paid.

The Notes may be automatically called on any quarterly observation date (beginning ~6 months after the trade date) if the underlying closing level is at or above the initial level, in which case investors receive principal plus any contingent coupon. If not called, repayment at maturity depends on the final level: full principal if the final level is at or above an illustrated downside threshold (example $80.00, 80% of initial), or a reduced cash payment tied to the underlying return if below that threshold. Any payment is subject to the creditworthiness of UBS. Trade date and settlement are shown as March 18, 2026 and March 20, 2026. Minimum investment is 100 Notes at $10 per Note; the preliminary estimated initial value range is $9.38 to $9.63.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Advance Auto Parts, Inc., with a trade date of March 18, 2026, expected settlement on March 20, 2026 and maturity on or about March 22, 2027. The Notes pay contingent coupons only if the underlying closing level equals or exceeds a coupon barrier on observation dates and can be automatically called early if the underlying equals or exceeds the initial level on an observation date.

The Notes repay principal at maturity only if the final level is at or above a downside threshold; if the final level is below that threshold, repayment is reduced proportionally to the underlying return and investors could lose a substantial portion or all principal. Minimum investment is 100 Notes at $10 per Note and UBS estimates an initial value range of $9.39 to $9.64 per Note on the trade date. Any payment depends on the creditworthiness of UBS AG.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of American Eagle Outfitters, Inc., due March 20, 2029.

The Notes pay a periodic contingent coupon only if the closing level of the underlying stock on an observation date is at or above the coupon barrier $70 (70% of the initial level). The Notes are subject to an automatic call on any quarterly observation date (beginning ~12 months after the trade date) if the underlying closes at or above the initial level, in which case holders receive principal plus any contingent coupon due. If not called, at maturity UBS will repay $10 per Note if the final level is at or above the downside threshold $70; if the final level is below that threshold holders receive $10 x (1 + underlying return), which can result in substantial principal loss up to a total loss.

Key terms: Trade Date Mar 18, 2026, Settlement Mar 20, 2026, Final Valuation Date Mar 16, 2029, Maturity Mar 20, 2029, minimum investment 100 Notes ($1,000), estimated initial value $9.52, example contingent coupon rate shown 25.49% per annum. All payments, including principal, are subject to the creditworthiness of UBS.

UBS AG offers Trigger Autocallable Contingent Yield Notes linked to the common stock of SLB N.V., due March 20, 2029. The Notes pay a periodic contingent coupon only if the underlying closing level on an observation date meets or exceeds a coupon barrier; otherwise no coupon is paid. The Notes are subject to automatic early call on any quarterly observation date beginning after 12 months if the underlying closing level is at or above the initial level, in which case investors receive principal plus any contingent coupon due on the call settlement date. If not called, repayment at maturity depends on the final level: full principal is paid if the final level is at or above the downside threshold (illustrated as $70.00, or 70.00 of the initial level); if the final level is below that threshold, principal is reduced pro rata to the underlying return and investors may lose a significant portion or all of their investment. Trade date is March 18, 2026, settlement March 20, 2026, final valuation date March 16, 2029 and maturity March 20, 2029. The estimated initial value per Note is $9.50 and the public issue price per Note is $10.00. All payments are subject to UBS credit risk.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Amazon.com, Inc. due March 20, 2029. The Notes pay contingent coupons only if the underlying closing level on observation dates meets a coupon barrier and are automatically called if the underlying closes at or above the initial level on a quarterly observation date beginning after six months. At maturity, if not called, principal is repaid only if the final level is at or above an 80.00% downside threshold; if below that threshold, investors suffer a loss equal to the underlying return and could lose all principal. The Notes have a minimum investment of 100 Notes at $10 per Note, an estimated initial value of $9.76, and any payments are subject to the creditworthiness of UBS.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to American Eagle Outfitters, Inc. The preliminary pricing supplement dated March 18, 2026 sets the trade date as March 18, 2026, settlement March 20, 2026, final valuation date March 16, 2029 and maturity March 20, 2029. The Notes pay periodic contingent coupons only if the underlying stock's 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 equals or exceeds the initial level on any quarterly observation date beginning after 12 months. If not called, principal repayment at maturity is contingent: full principal if the final level is at or above the downside threshold; otherwise repayment is reduced proportionally to the underlying decline, and you could lose all of your investment. Minimum investment is 100 Notes at $10 per Note and the estimated initial value range is $9.22 to $9.47.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Amazon.com, Inc. common stock due March 20, 2029. The Notes pay periodic contingent coupons only if the underlying closing level meets a coupon barrier on observation dates, are subject to quarterly automatic calls beginning after 12 months if the underlying closes at or above the initial level, and repay principal at maturity only if the final level is at or above a downside threshold; otherwise principal repayment is reduced in line with the underlying return. The Notes trade with a principal amount per Note of $10, a minimum investment of 100 Notes, an estimated initial value of $9.64, and carry issuer credit risk of UBS.

UBS AG offers Trigger Autocallable Contingent Yield Notes linked to Blackstone Inc. common stock due March 20, 2029. The Notes pay contingent coupons only if the underlying closing level on an observation date meets the coupon barrier; 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 due on the call settlement date. If not called, repayment at maturity is contingent: if the final level is at or above the downside threshold, principal is repaid; if below, the cash payment equals $10 multiplied by (1 + underlying return), which can result in a partial or total loss of principal. Trade date is March 18, 2026, settlement March 20, 2026, final valuation date March 16, 2029, and maturity March 20, 2029. The Notes are unsecured obligations of UBS and subject to its credit risk; estimated initial value as of the trade date is $9.52 per $10 Note.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Amazon.com, Inc. The preliminary pricing supplement sets the Trade Date as March 18, 2026, Settlement Date as March 20, 2026, a Final Valuation Date of March 16, 2029, and Maturity Date of March 20, 2029.

The Notes pay periodic contingent coupons only if the underlying closing level on each observation date meets or exceeds a coupon barrier. The Notes 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, repayment at maturity depends on the final level relative to a downside threshold; the illustrative downside threshold is $80.00 (80% of the initial level), and examples assume a $10 principal per Note and a hypothetical contingent coupon rate of 13.76% per annum ($0.344 per $10 Note per period). The estimated initial value range is $9.39 to $9.64 per Note and minimum purchase is 100 Notes ($1,000). All payments, including principal, are subject to UBS credit risk.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Amazon.com, Inc., due on or about March 20, 2029. The Notes pay contingent coupons only if the underlying closing level meets a coupon barrier on observation dates and feature quarterly automatic early calls beginning ~12 months after issuance.

The trade date is March 18, 2026 with expected settlement on March 20, 2026. Notes are sold in minimum increments of 100 Notes at $10 per Note. The issuer estimates an initial value range of $9.34 to $9.59 per Note. If not called, principal repayment at maturity depends on the final level relative to a 70% downside threshold; if final level is below that threshold, the repayment may be reduced proportionally and investors could lose a significant portion or all principal. All payments are "subject to the creditworthiness of UBS."

UBS AG offers Trigger Autocallable Contingent Yield Notes with Memory Interest linked to Intel Corporation common stock. The Notes reference Intel (ticker INTC), target a contingent coupon rate of 18.00% to 20.00% per annum, have a trade date of March 31, 2026, expected settlement on April 6, 2026, a final valuation date of September 30, 2027 and a maturity date of October 5, 2027.

The Notes pay fixed contingent coupons only if monthly observation levels meet the coupon barrier (set at 60.00% of the initial level); they may be automatically called if quarterly call observations meet the call threshold (set at 100.00% of the initial level). At maturity, if not called and the final level is below the downside threshold (60.00% of the initial level), holders receive a share delivery amount (principal/initial level), which may be worth significantly less than principal. The issue price is $1,000 per Note with an underwriting discount of $27.50 and proceeds to UBS of $972.50 per Note; the document states an estimated initial value between $933.90 and $963.90.

UBS AG offers Buffer Autocallable Contingent Yield Notes linked to the least performing of the Russell 2000® Index and the S&P 500® Index due on or about April 1, 2031. The Notes pay a 7.15% per annum contingent coupon when each underlying closes at or above its coupon barrier on an observation date and are callable if both underlyings meet a 100.00% call threshold on an observation date (callable after 12 months). At maturity the Notes repay $1,000 per Note if final levels of both underlyings are at or above their downside thresholds (85.00% of initial levels); otherwise principal is reduced based on the decline of the least performing underlying in excess of a 15.00% buffer. Trade date is March 27, 2026 with settlement March 31, 2026. Issue price is $1,000.00 per Note; underwriting discount is $37.50 and proceeds to UBS are $962.50. The estimated initial value range is $927.00 to $957.00. All payments, including any principal repayment, are subject to UBS credit risk.

UBS AG offers $1,990,000 of Trigger Autocallable Contingent Yield Notes with Memory Interest linked to Broadcom Inc. common stock, maturing March 22, 2029. The Notes pay a 16.15% per annum contingent coupon if observation-date closing levels meet the coupon barrier and are callable quarterly beginning after six months at a call threshold equal to 100% of the initial level.

If not called, repayment at maturity is contingent: full principal is returned only if the final level is at or above the downside threshold of $192.79 (60.00% of initial); otherwise principal is reduced proportionally to the decline in the underlying, potentially causing total loss. Payments depend on UBS creditworthiness. The estimated initial value per $1,000 Note was $981.70, and the issue price is $1,000 per Note.

UBS AG London Branch is offering Digital S&P 500® Index-Linked Medium-Term Notes with a term expected to be 19 to 22 months. The notes pay no interest and provide a buffer level of 87.50% and a capped upside (cap expected between 113.42% and 115.78% of the initial level). If the final index level is at or above the buffer, holders receive a maximum settlement amount expected to be between $1,134.20 and $1,157.80 per $1,000 face amount. If the final index level is below the buffer, investors suffer leveraged downside—approximately 1.1429% loss of face amount for each 1% decline below the buffer—and could lose their entire investment. The estimated initial value on the trade date is expected to be between $963.00 and $993.00 per $1,000 face amount; the issue price is 100.00% of face amount. Notes are unsecured obligations of UBS and carry UBS credit risk; no listing or guaranteed secondary market is provided.

UBS AG offers Buffer Autocallable Notes linked to the least performing of the Russell 2000® Index, the S&P 500® Index and shares of the State Street® Utilities Select Sector SPDR® ETF. The Notes have a $1,000 principal amount, an expected trade date of March 26, 2026, expected settlement on March 31, 2026 and an expected maturity on March 31, 2031. The Notes pay no interest; they are automatically called if all three underlying assets are at or above their call thresholds on a quarterly observation date, producing a pre-specified call price based on a call return rate of 10.15% per annum. If not called, principal is contingent at maturity: investors receive $1,000 if all final levels are at or above 80.00% of initial levels (the 20.00% buffer); otherwise payment is reduced pro rata to the loss of the least performing underlying asset, exposing investors to partial or near-total loss. The estimated initial value range at trade date is $918.20 to $948.20, and the issue price is $1,000.00 per Note.

UBS AG offers Trigger Callable Contingent Yield Notes with an aggregate issue amount of $1,883,000. The Notes pay a contingent quarterly coupon at an annual rate of 11.45% (contingent coupon $28.625 per quarter) only if both the Russell 2000® and the S&P 500® close at or above their coupon barriers on each observation date.

The Notes are callable by UBS beginning after six months; principal repayment at maturity is contingent on the final levels of the underlying assets relative to 70.00% downside thresholds. Principal per Note is $1,000; the estimated initial value per Note is $977.70. Trade, settlement and final dates: Trade Date March 17, 2026, Settlement March 20, 2026, Final Valuation Date March 19, 2029, Maturity March 22, 2029. Purchasers bear index market risk and UBS credit risk and could lose a significant portion or all of their investment.

UBS AG offers a preliminary pricing supplement for Buffer Autocallable GEARS linked to the Russell 2000® Index, maturing on or about March 29, 2029. The call return rate is 12.00%, upside gearing will range from 1.40 to 1.61, and the product includes a 10.00% downside buffer with an autocall barrier equal to 100.00% of the initial level.

Final terms will be set on the trade date; the Securities pay no interest, principal repayment at maturity is contingent on both index performance and UBS creditworthiness, and investors may lose some or almost all of their investment.

UBS AG offers Trigger Autocallable Contingent Yield Notes linked to the least performing of the Russell 2000® Index, XLK and XLU, with a contingent coupon of 12.75% per annum and final maturity on March 23, 2029. The Notes are callable monthly beginning about six months after the trade date and pay contingent coupons only if each underlying meets its coupon barrier on an observation date. If not called, principal repayment at maturity is contingent: full principal is returned only if each final level is at or above its downside threshold (generally 70.00% of initial level); otherwise repayment is reduced pro rata to the worst-performing underlying, potentially resulting in total loss. Issue price per Note is $1,000.00, underwriting discount is $32.50 per Note and proceeds to UBS per Note are $967.50. The estimated initial value range is $922.20 to $952.20. Payments are subject to UBS credit risk.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the Solactive U.S. Large Cap Volatility Navigator 40 Index with an aggregate issue amount of $109,000 and a $1,000 principal per Note. The Notes pay a fixed contingent coupon at an annual rate of 18.25% only if monthly observation-date closes meet or exceed a coupon barrier (70.00% of the initial level). The Notes are callable monthly starting after six months if the index closes at or above the call threshold (100.00% of the initial level), in which case holders receive principal plus any contingent coupon on the corresponding coupon payment date. At maturity on March 20, 2031, if not called and the final level is below the downside threshold (50.00% of the initial level), principal repayment is decreased pro rata and investors may lose a large portion or all of their investment. All payments depend on UBS creditworthiness; the estimated initial value per Note is $955.70.

UBS AG is offering $258,000 of Trigger Callable Contingent Yield Notes linked to the least performing of the Russell 2000® Index and the S&P 500® Index, maturing on February 14, 2031 and callable by UBS beginning after six months. The Notes pay a monthly contingent coupon of $7.50 per $1,000 Note (a 9.00% per annum contingent coupon rate) only if, on each observation date, the closing level of both indices is at or above respective coupon barriers (70% of initial levels).

If not called and the final level of any underlying asset is below its downside threshold (60% of initial level), holders suffer a loss equal to the negative return of the least performing underlying asset; in extreme cases holders could lose all principal. The estimated initial value per Note on the trade date was $970.80, and the issue price is $1,000 per Note. Payments are unsecured obligations of UBS and depend on UBS creditworthiness.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Advanced Micro Devices, Inc., due March 19, 2029. The offering (stated as $680,000 on the cover) pays contingent coupons only when observation-date closing levels meet a coupon barrier and can be automatically called early if the underlying stock equals or exceeds the initial level on any observation date prior to the final valuation date. If not called, principal repayment at maturity is contingent: if the final level is at or above the downside threshold you receive principal; if below, you suffer a loss equal to the underlying return and could lose your entire investment. All payments are subject to UBS credit risk. Trade and settlement dates are March 17, 2026 and March 19, 2026, with final valuation on March 15, 2029.

UBS AG offers Trigger Autocallable Contingent Yield Notes linked to Advanced Micro Devices, Inc. (the underlying) due on or about March 19, 2029. This preliminary pricing supplement dated March 17, 2026 describes notes that pay periodic contingent coupons only if the underlying meets a coupon barrier on observation dates and that may be automatically called early if the underlying equals or exceeds the initial level on an observation date. If not called, repayment of principal at maturity is contingent: if the final level is below the downside threshold you may receive less than the principal amount, possibly losing a significant portion or all of your investment. Minimum investment is 100 Notes at $10 per Note. The estimated initial value range is $9.38 to $9.63 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 Marvell Technology, Inc. The Notes trade March 17, 2026, settle March 19, 2026, and mature March 19, 2029. They pay periodic contingent coupons only if the underlying closing level meets or exceeds a coupon barrier on observation dates. The Notes are automatically callable monthly (beginning ~3 months after trade) if the underlying closes at or above the initial level; an automatic call pays 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; if the final level is below that threshold, principal repayment is reduced pro rata to the underlying return and you could lose a significant portion or all of your investment. The offering example shows a $10 principal per Note, a sample contingent coupon rate of 17.90% per annum, a coupon payment of $0.1492 per period, and a downside threshold of $60.00 (60% of an example initial level). The estimated initial value is $9.71. Any payments depend on UBS's creditworthiness; the Notes are not FDIC insured and are not listed on an exchange.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Marvell Technology, Inc. The Notes mature on March 19, 2029 with a final valuation date of March 15, 2029. Trade date and expected settlement are March 17, 2026 and March 19, 2026, respectively.

The Notes pay periodic contingent coupons only if the underlying closing level on an observation date meets or exceeds a coupon barrier; they are subject to monthly automatic calls beginning approximately three months after the trade date if the underlying closing level is at or above the initial level. If not called and the final level is below the downside threshold, principal repayment at maturity will be reduced pro rata to the underlying return, potentially causing a significant loss or total loss of principal. Payments are subject to the creditworthiness of UBS. The minimum investment is 100 Notes at $10 per Note and the estimated initial value range is $9.37 to $9.62 per Note.

UBS AG has published a preliminary pricing supplement for $• Trigger Autocallable Contingent Yield Notes linked to the common stock of Blackstone Inc. The trade date is March 17, 2026 with expected settlement March 19, 2026, final valuation date March 16, 2028 and maturity on March 20, 2028. The Notes have a $10 principal amount per Note with a minimum investment of 100 Notes (representing a $1,000 investment) and an estimated initial value between $9.32 and $9.57 as of the trade date.

The Notes pay periodic contingent coupons only if the underlying closing level on an observation date meets or exceeds a coupon barrier; they are automatically called early if the underlying closing level on an observation date is equal to or greater than the initial level. If not called, principal repayment at maturity is contingent: full principal is repaid only if the final level is at or above a downside threshold (example shows a 75.00% downside threshold); if the final level is below that threshold, repayment is reduced per the underlying return and you could lose a significant portion or all of your investment. All payments are subject to the creditworthiness of UBS and the Offering Documents are subject to completion.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Lam Research Corporation. The Notes pay a contingent coupon on scheduled coupon payment dates only if the closing level of Lam Research is at or above the coupon barrier on the applicable observation date; otherwise no coupon is paid. The Notes are automatically called early if an observation-date closing is at or above the initial level, in which case holders receive the $10 principal per Note plus any contingent coupon for that call settlement date. If not called, at maturity on March 20, 2028 the Notes repay $10 only if the final level is at or above the downside threshold; if the final level is below that threshold the cash payment equals $10 times (1 + underlying return), exposing investors to the full downside of the underlying and the potential to lose all principal. Trade date is March 17, 2026, settlement March 19, 2026, final valuation date March 16, 2028. Principal amount per Note is $10, minimum investment 100 Notes, estimated initial value $9.75. All payments are subject to UBS credit risk.

UBS AG offers Trigger Autocallable Contingent Yield Notes linked to Microsoft common stock due March 20, 2028. The Notes pay a contingent coupon only if the underlying closing level on an observation date meets or exceeds a coupon barrier and may be automatically called quarterly (beginning ~12 months) if the underlying equals or exceeds the initial level. At maturity, if not called and the final level is at or above the downside threshold of $80.00 (80% of the initial level), UBS will repay principal; if the final level is below that threshold, principal repayment is reduced pro rata to the underlying return and you could lose a significant portion or all of your investment. Trade and settlement dates are March 17, 2026 and March 19, 2026. The Notes have a minimum purchase of 100 Notes ($1,000). The issuer-estimated initial value is $9.74 per Note; contingent coupon example is 11.93% per annum in the illustrative terms. All payments are subject to UBS credit risk.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Lam Research Corporation, with an expected trade date of March 17, 2026, settlement on March 19, 2026 and maturity on or about March 20, 2028. The Notes pay periodic contingent coupons only if the underlying closing level meets or exceeds a coupon barrier on observation dates; they will be automatically called early if the underlying meets or exceeds the initial level on any observation date. If not called, principal repayment at maturity is contingent: if the final level is below the downside threshold you may receive less than the principal amount, potentially losing a substantial portion or all of your investment. Example terms cite a $10 principal per Note, a hypothetical contingent coupon rate of 19.92% per annum (contingent coupon of $0.498 per period), and a downside threshold example of 50.00% of the initial level. The Notes are unsecured obligations of UBS and any payment depends on UBS’s creditworthiness. The estimated initial value range on the trade date is shown as $9.43 to $9.68. Minimum purchase is 100 Notes (a $1,000 minimum investment).

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Microsoft Corporation, due on or about March 20, 2028. The notes pay contingent coupons only if the underlying closing level meets a coupon barrier on observation dates; otherwise no coupon is paid.

The notes feature an automatic call 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 UBS pays principal plus any contingent coupon on the related call settlement date. If not auto‑called, repayment at maturity is contingent: if the final level is at or above the disclosed downside threshold, principal is paid; if below, principal is reduced pro rata to the underlying return (examples use an 80% downside threshold).

Trade date is March 17, 2026 with settlement expected March 19, 2026. Minimum investment is 100 Notes ($1,000). The preliminary estimated initial value range is $9.44 to $9.69 per Note, as determined by UBS’ internal models. Payments, including any principal repayment, depend on UBS’ creditworthiness.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Advanced Micro Devices, Inc., maturing on March 19, 2029. Each Note has a $10 principal amount; minimum purchase is 100 Notes. Contingent coupons are paid only if the underlying closing level on an observation date is at or above the coupon barrier. The Notes will be automatically called on a monthly observation date (beginning ~6 months after trade) if the underlying closing level is at or above the initial level; an automatic call triggers payment of principal plus any contingent coupon on the related call settlement date and ends further payments. If not called, principal repayment at maturity is contingent: if the final level is at or above the downside threshold the principal is repaid; if below, repayment equals $10 x (1 + underlying return), exposing investors to downside market loss up to a total loss. The estimated initial value on the trade date is $9.67. All payments are subject to UBS credit risk.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Lam Research Corporation. The Notes pay a contingent coupon on each coupon payment date only if the underlying's closing level on the observation date meets or exceeds the coupon barrier; otherwise no coupon is paid. The Notes will be automatically called early if the underlying closes at or above the initial level on any observation date prior to final valuation, in which case UBS pays principal plus any contingent coupon then due. If not called, repayment at maturity depends on the final level versus a downside threshold of $60.00 (60.00% of the initial level): if the final level is below that threshold, principal repayment is reduced proportionally (example payoff $3.60 per $10 Note). Key dates: trade date March 17, 2026, settlement March 19, 2026, final valuation March 15, 2029, maturity March 19, 2029. Terms: principal amount per Note $10, minimum investment 100 Notes ($1,000), estimated initial value $9.66, illustrative contingent coupon rate 24.27% per annum (contingent coupon $0.6068 per $10 Note). All payments are subject to UBS credit risk.

UBS AG is offering $1,749,000 in Trigger Autocallable Contingent Yield Notes linked to Micron Technology common stock due March 20, 2028.

The Notes pay periodic contingent coupons only when the underlying closing level on an observation date is at or above the coupon barrier, feature an automatic call on quarterly observation dates beginning after six months if the underlying is at or above the initial level, and repay principal at maturity only if the final level is at or above the downside threshold (example: $10 principal, downside threshold $50.00 representing 50.00% of the initial level). The product disclosure shows a hypothetical contingent coupon rate of 25.02% per annum (contingent coupon $0.6255 per $10 Note), an estimated initial value of $9.78, a minimum investment of 100 Notes ($1,000), and that payments depend on UBS creditworthiness.