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 Lam Research Corporation that mature on or about March 19, 2029. The trade date is March 17, 2026 with expected settlement on March 19, 2026. The Notes pay periodic contingent coupons only if the underlying closing level on an observation date meets or exceeds the coupon barrier; otherwise no coupon is paid.

The Notes are automatically called early if the underlying closing level on any observation date before the final valuation date is equal to or greater than the initial level; on an automatic call UBS will pay principal plus any contingent coupon on the related call settlement date. If not called, principal repayment at maturity is contingent: if the final level is at or above the downside threshold the principal amount is paid; if below, repayment equals $10 x (1 + Underlying Return), which can result in a partial or total loss of principal. Minimum investment is 100 Notes ($1,000); the estimated initial value range is $9.35 to $9.60 per $10 Note. Payments are subject to UBS credit risk.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Micron Technology, Inc. The notes have an expected trade date of March 17, 2026, an expected settlement date of March 19, 2026, a final valuation date of March 16, 2028, and a maturity date of March 20, 2028.

The notes pay periodic contingent coupons only if the underlying closing level on an observation date is at or above the coupon barrier; they are automatically callable quarterly (beginning ~6 months after trade) 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 is contingent and may be reduced pro rata with the underlying return, potentially causing significant loss, including loss of all principal. Any payments depend on the creditworthiness of UBS. Example terms illustrated a hypothetical contingent coupon rate of 22.89% per annum and a $10 principal amount per note.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Advance Auto Parts, Inc. The preliminary pricing supplement dated March 17, 2026 sets trade and settlement expectations (trade date March 17, 2026, settlement March 19, 2026) and final valuation and maturity dates (final valuation June 16, 2027, maturity June 21, 2027).

The Notes pay periodic contingent coupons only if the underlying stock closes at or above the coupon barrier on observation dates, feature quarterly observation dates beginning about 12 months after issue for an automatic call at or above the initial level, and provide contingent principal repayment at maturity only if the final level is at or above the downside threshold. If not called and the final level is below the downside threshold, repayment may be reduced proportionally and could result in total loss of principal. Estimated initial value per Note at trade date is between $9.22 and $9.47; minimum investment is 100 Notes at $10 per Note.

UBS AG offers $6,287,000 of Trigger Autocallable Contingent Yield Notes with Memory Interest linked to the common stock of United Parcel Service, Inc. The Notes pay a 12.25% per annum contingent coupon on quarterly observation dates if the underlying closing level meets the coupon barrier and are callable quarterly beginning about six months after issuance.

If an observation date equals or exceeds the call threshold (100% of the initial level), UBS will automatically call the Notes and pay principal plus any due contingent coupons. If not called, repayment at maturity depends on the final level: full principal is paid only if the final level is at or above the downside threshold (60% of the initial level); otherwise, investors suffer a principal loss equal to the underlying return, potentially losing all principal. The offering price is $1,000 per Note; aggregate proceeds to UBS AG are shown as $6,192,695.

UBS AG is offering Buffer Callable Contingent Yield Notes totaling $512,000 (principal $1,000 per Note) linked to the least performing of the Dow Jones Industrial Average®, the Nasdaq-100® and the Russell 2000®, maturing March 16, 2029. The Notes pay a periodic contingent coupon of 10.75% per annum only when each underlying index is at or above its coupon barrier on an observation date; otherwise no coupon is paid.

The Notes are callable by UBS (whole, not in part) on monthly observation dates beginning after three months; a call pays principal plus any contingent coupon due. At maturity, if no call occurs and every index is at or above its downside threshold, holders receive $1,000. If any index is below its downside threshold, repayment is reduced and losses can exceed the buffer (15.00%), potentially resulting in near-total loss. Estimated initial value per Note was $971.70. All payments are subject to UBS credit risk and there may be little or no secondary market.

UBS AG is offering $272,000 of Trigger Callable Contingent Yield Notes linked to the common stock of Tesla, Inc., due March 16, 2028. The Notes pay a 20.10% per annum contingent coupon only if monthly observation-date closing levels meet or exceed a coupon barrier equal to $234.72 (the coupon barrier, 60.00% of the initial level $391.20). UBS may call the Notes monthly beginning roughly three months after issuance; if called, holders receive principal plus any contingent coupon paid through the call settlement date. If not called, at maturity holders receive principal only if the final level is at or above the downside threshold ($234.72, 60.00% of initial level); if the final level is below that threshold, principal repayment is reduced proportionally to the decline in the underlying and investors can lose a significant portion or all of their investment. The estimated initial value on the trade date was $980.80, versus an issue price of $1,000.00 per Note; proceeds to UBS are shown as $270,232.00.

UBS AG is offering $2,125,000 of Bearish Barrier Early Redeemable Market Linked Notes linked to the S&P 500® Index due June 17, 2027. The Notes repay $1,000 per Note at issuance, may be redeemed early if the S&P 500 closes below a lower barrier (20.00% below the initial level) on any observation day, and otherwise pay either a 3.15% digital return if the final level is equal to or above the initial level or the absolute value of the underlying return (capped at 20.00%) if the final level is below the initial level.

The Notes do not pay interest, are unsecured obligations of UBS and are subject to UBS credit risk. The estimated initial value was $984.70 per Note and UBS will receive the aggregate proceeds of $2,125,000 from the offering.

UBS AG offers $1,970,000 of Trigger Autocallable Contingent Yield Notes with Memory Interest linked to Intel Corporation common stock. The Notes mature on March 16, 2029, pay a contingent coupon of 16.20% per annum when the underlying meets the coupon barrier and are callable quarterly (first callable after six months) if the underlying meets the call threshold. At maturity, principal is repaid in cash only if the final level is at or above the downside threshold ($22.89, 50.00% of the initial level); otherwise investors suffer principal loss tied to the underlying return. The estimated initial value per Note was $971.00, and the issue price per Note is $1,000.00, with proceeds to UBS AG of $985.00 per Note after underwriting compensation.

UBS AG is offering $707,000 of Trigger Callable Contingent Yield Notes due March 15, 2029 linked to the least performing of the Nasdaq-100 Index, the Russell 2000 Index and the S&P 500 Index. The Notes pay a periodic 11.05% per annum contingent coupon when each underlying is at or above a coupon barrier on observation dates and are issuer-callable monthly beginning after three months. At maturity you receive $1,000 per Note if each final level is at or above its downside threshold; otherwise repayment is contingent and may result in a loss equal to the percentage decline of the least performing underlying (in extreme cases, a complete loss). The issue price is $1,000 per Note, the estimated initial value is $962.30 on the trade date, trade date was March 11, 2026 and settlement is March 16, 2026.

UBS AG is offering Trigger Callable Contingent Yield Notes totaling $686,000. The Notes pay a contingent coupon of 11.70% per annum (approximately $9.75 per $1,000 Note per monthly observation) only if each underlying index meets its coupon barrier. The Notes are linked to the least performing of the Nasdaq-100, Russell 2000 and S&P 500 and are callable by UBS monthly beginning about three months after issuance. Each underlying has a downside threshold equal to 70.00% of its initial level; if any final level is below its threshold and UBS does not call, holders may suffer principal loss equal to the decline of the least performing underlying (in extreme cases, a total loss). The estimated initial value per Note was $965.30 and the issue price was $1,000.00 (proceeds to UBS $681,198.00).

UBS AG is offering $9,211,000 of Contingent Income Auto-Callable Securities linked to the American Depositary Receipts of Taiwan Semiconductor Manufacturing Company Limited (TSM). The securities are issued at a $1,000 stated principal amount per security with pricing date March 13, 2026 and maturity March 16, 2029.

Holders may receive a contingent payment of $29.00 per security (equivalent to 11.60% per annum) on specified contingent payment dates if the closing price of the underlying ADR is at or above the downside threshold of $169.16 (50.00% of the initial price). If the closing price is at or above the call threshold of $338.31 (100.00% of the initial price) on a determination date (other than the final determination date), the securities will be redeemed early for the stated principal plus applicable contingent payments. If not redeemed early and the final price is below the downside threshold, investors receive a cash value equal to the exchange ratio times the final price and may lose a significant portion or all of their investment. The estimated initial value at pricing was $964.20, and the issue price is $1,000 per security (underwriting/fees reduce proceeds to issuer).

UBS AG is offering $11,532,000 of Contingent Income Auto-Callable Securities linked to JPMorgan Chase & Co. common stock. The securities pay a contingent payment of $27.25 per security (10.90% per annum) on each determination date if the closing price is at or above the downside threshold of $198.41 (70.00% of the initial price).

If the closing price on a determination date (other than the final date) is at or above the call threshold of $283.44 (100.00% of the initial price), the securities auto-redeem early for the stated principal plus the contingent payment. If not redeemed and the final price is below the downside threshold, holders receive a cash value equal to the exchange ratio multiplied by the final price and may lose a significant portion or all of their initial investment. Payments are subject to UBS credit risk; securities are unsecured and unlisted. Pricing date is March 13, 2026, original issue date March 18, 2026, maturity March 16, 2029.

UBS AG (London Branch) offers $9,736,000 in Capped Leveraged TOPIX-Linked Medium-Term Notes due April 15, 2027. Each $1,000 face amount pays no interest and returns are tied to TOPIX performance from March 13, 2026 to April 13, 2027 with an upside participation rate of 200% and a cap level of 118.40% (maximum settlement of $1,368.00 per $1,000). Trade date is March 13, 2026, original issue (settlement) date March 18, 2026. The estimated initial value is $985.00 per $1,000; issue price is 100.00% with a 1.08% underwriting discount (net proceeds 98.92%). The notes are unsecured obligations of UBS and holders assume UBS credit risk and may lose the entire investment.

UBS AG is offering Step Down Trigger Autocallable Notes linked to the least performing of the S&P 500® Index and the EURO STOXX 50® Index with an expected term of approximately five years. The Notes can be automatically called on quarterly observation dates; a call pays principal plus a call return that increases over time. If not called, repayment at maturity is contingent and equals $10 × (1 + underlying return of the least performing underlying asset), which can produce a substantial loss or a total loss of principal. The Notes pay no interest, are unsecured obligations of UBS, and any payment depends on UBS' creditworthiness. Key quoted ranges include a call return rate of 9.20% to 10.10% per annum and an estimated initial value between $9.458 and $9.758 per Note. Trade date is March 20, 2026 and expected settlement is March 25, 2026.

UBS AG is offering Bearish Barrier Early Redeemable Market Linked Notes linked to the S&P 500® Index with a 15‑month term (trade date March 13, 2026, settlement March 18, 2026, final valuation June 14, 2027, maturity June 17, 2027). Each $1,000 Note pays no interest and is an unsecured obligation of UBS.

If the index closes below a lower barrier of 5,305.75 (initial level minus 20.00%) on any observation day the Notes are automatically redeemed early for principal only. If not redeemed early, investors receive either a capped digital return of 2.35% if the final level is at or above the initial level, or a positive payment equal to the absolute decline in the index (up to 20.00%) if the final level is below the initial level. Payments and principal are subject to UBS credit risk. The aggregate issue price shown is $642,000.00 and the estimated initial value per Note is $980.10.

UBS AG offers Trigger Autocallable Contingent Yield Notes linked to the least performing of the Russell 2000® Index and the S&P 500® Index. The Notes are sold in $10 increments (minimum 100 Notes = $1,000), have an expected term of approximately three years, are callable quarterly beginning after six months, and pay contingent coupons only when both underlying indices meet coupon barriers. The contingent coupon rate is set in a range of 9.00% to 9.50% per annum. If not called, repayment at maturity is contingent: full principal is returned only if both final index levels are at or above their downside thresholds (each 70.00% of initial level); otherwise repayment equals $10 × (1 + underlying return of the least performing underlying asset), which can result in a loss of some or all principal. The estimated initial value range on the trade date is between $9.469 and $9.769, the issue price is $10.00 per Note, and the underwriting discount is $0.20 per Note.

Key investor considerations: payments (coupons and any principal) are subject to the creditworthiness of UBS, the Notes will not be listed on an exchange, secondary market liquidity may be limited, and tax treatment is uncertain. The final terms will be set on the trade date and governed by the referenced product supplement, index supplement and prospectus.

UBS AG is offering $675,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Micron Technology, Inc. The Notes have a principal amount of $1,000 per Note, trade date March 16, 2026, settlement March 19, 2026, final valuation date September 16, 2027 and maturity September 21, 2027.

The Notes pay a contingent coupon at a 29.00% per annum rate if the closing level of Micron meets or exceeds the coupon barrier on an observation date. The Initial Level is $441.80; the Call Threshold is $441.80 (100.00% of Initial Level); the Coupon Barrier is $265.08 (60.00%); and the Downside Threshold is $220.90 (50.00%). If not called and the final level is below the downside threshold, principal repayment is reduced pro rata to the underlying return; in extreme scenarios you could lose all principal. The estimated initial value on the trade date was $970.90 and the issue price is $1,000 per Note.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Celestica Inc. The issue totals $825,000 at an issue price of $1,000 per Note (principal amount $1,000 per Note). The Notes pay a contingent coupon at a 31.50% per annum rate when the underlying meets the coupon barrier on observation dates and are callable monthly beginning after approximately three months. Key cover terms: Initial Level $270.53, Call Threshold = $270.53 (100.00%), Coupon Barrier = $162.32 (60.00%), Downside Threshold = $135.27 (50.00%). Final valuation is on September 16, 2027 with maturity September 21, 2027. Estimated initial value on the trade date is $960.90. Any payments, including contingent coupons and principal, depend on the closing level of Celestica and the creditworthiness of UBS.

UBS AG offers $1,000,000 of Trigger Autocallable Contingent Yield Notes with Memory Interest linked to the common stock of QXO, Inc., due March 16, 2029. The Notes pay a contingent coupon of 13.20% per annum (equal to $33.00 per quarter per $1,000 Note) if the closing level of QXO meets or exceeds the coupon barrier on observation dates and feature an automatic call if QXO equals or exceeds the call threshold on a qualifying observation date.

Key terms set on the strike date: Initial Level $20.18, Call Threshold $20.18 (100% of Initial Level), Coupon Barrier/Downside Threshold $10.09 (50% of Initial Level). The estimated initial value on the trade date was $939.80. All payments, including contingent coupons and any repayment of principal, are subject to UBS creditworthiness.

UBS AG is offering $3,093,000 of Trigger Autocallable Contingent Yield Notes with Memory Interest linked to the common stock of Paycom Software, Inc.

The Notes mature on March 21, 2029, pay a contingent coupon at a 12.65% per annum rate when the underlying closes at or above the coupon barrier, are callable on quarterly observation dates beginning after six months at a call threshold equal to 100.00% of the initial level ($123.47 initial level), and expose holders to downside market loss if the final level is below the downside threshold of 50.00% ($61.74). The estimated initial value per Note is $947.10 and the issue price is $1,000 per Note.

UBS AG is offering $3,712,000 of Trigger Autocallable Contingent Yield Notes linked to the least performing of the common stock of Amazon.com, Inc. and Walmart Inc. The Notes pay a contingent coupon of 12.90% per annum (contingent coupon per quarter: $32.25), have a principal amount of $1,000 per Note, and mature on March 16, 2029.

The Notes are quarterly observation-based instruments callable beginning after 12 months; if on any observation date each underlying is at or above its call threshold the Notes are automatically called and the holder receives principal plus any due contingent coupons. If not called, repayment at maturity is contingent: if any underlying is below its downside threshold, holders suffer a loss equal to the percentage decline of the least performing underlying. Payments are subject to UBS credit risk; estimated initial value at trade date was $984.80 per Note.

UBS AG offers $3,000,000 of Trigger Autocallable Contingent Yield Notes linked to the least performing of the Russell 2000® Index and the S&P 500® Index, maturing March 16, 2029. The Notes pay a contingent coupon of 9.75% per annum ($48.75 semiannually) when both indices meet coupon barriers on observation dates and include a memory feature for missed coupons. The Notes are automatically callable if both indices meet a call threshold equal to 100% of initial levels on an observation date. At maturity the principal is repaid only if both indices are at or above a downside threshold of 75% of initial levels; otherwise repayment is reduced in proportion to the decline of the least performing underlying asset, potentially causing substantial or total loss. Trade date is March 13, 2026, final valuation date March 13, 2029, and maturity March 16, 2029. Issue price is $1,000 per Note, aggregate offering $3,000,000, estimated initial value $963.50, underwriting discount $15 per Note.

UBS AG is offering $855,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Advanced Micro Devices, Inc., due March 18, 2031. The Notes pay periodic contingent coupons only if the underlying stock closes at or above a coupon barrier on observation dates (quarterly, beginning after six months). UBS will automatically call the Notes early if the underlying closes at or above the initial level on any observation date; an automatic call triggers payment of principal plus any contingent coupon due. If not called, repayment at maturity is contingent: if the final level is at or above the downside threshold, UBS pays the $10 principal per Note; if below, the cash payment may be less than principal and can reflect the percentage decline in the underlying, potentially resulting in a total loss. The offering has a minimum purchase of 100 Notes ($1,000), an estimated initial value of $9.75 per Note, and hypothetical example terms showing a contingent coupon rate of $16.04 per annum and a downside threshold of $50.00 (50% of the initial level). All payments are subject to UBS credit risk.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Advanced Micro Devices, Inc. The notes have a principal amount of $10 per Note, trade date March 16, 2026, expected settlement March 18, 2026 and maturity on or about March 18, 2031.

The notes can pay periodic contingent coupons only if the underlying closing level on specified observation dates meets or exceeds a coupon barrier; they will be 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 and the final level is below the downside threshold, principal repayment at maturity will be reduced in proportion to the underlying return (the example shows a 50.00% downside threshold and a hypothetical contingent coupon rate of 14.87% per annum). Estimated initial value is expected to be between $9.35 and $9.60 per Note.

UBS AG offers Trigger Autocallable Contingent Yield Notes linked to the common stock of Freeport-McMoRan, due March 19, 2029. The Notes pay contingent quarterly coupons only if the underlying closing level meets a coupon barrier and are automatically called early if the underlying equals or exceeds the initial level on a quarterly observation (beginning ~6 months after issuance). If not called, principal is repaid at maturity only if the final level is at or above a downside threshold; otherwise repayment declines pro rata with the underlying return and could result in a total loss. Payments are subject to UBS credit risk. The Notes have a principal amount of $10 per Note, an estimated initial value of $9.71, a hypothetical contingent coupon rate of 15.82% per annum, and a minimum investment of 100 Notes ($1,000).

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Lam Research Corporation due March 20, 2028. The Notes pay periodic contingent coupons only if the underlying closes at or above a coupon barrier on observation dates and will be automatically called early if the underlying closes at or above the initial level on any observation date. If not called, principal is repaid at maturity only if the final level is at or above a downside threshold; otherwise repayment declines proportionally to the underlying return, and investors could lose a substantial amount or all principal. Trade and settlement are March 16, 2026 and March 18, 2026, respectively. The Notes are unsecured obligations of UBS and any payments depend on UBS's creditworthiness. Minimum purchase is 100 Notes at $10 per Note; the estimated initial value was $9.78 per Note.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Freeport-McMoRan Inc., maturing on or about March 19, 2029. The Notes pay periodic contingent coupons only if the underlying stock's closing level on an observation date meets or exceeds a coupon barrier; otherwise no coupon is paid. The Notes will be automatically called early on a quarterly observation date (beginning after six months) if the closing level is equal to or greater than the initial level, in which case holders receive principal plus any contingent coupon due on the related call settlement date. If not called and the final level is at or above the disclosed downside threshold, UBS will repay the principal at maturity; if the final level is below that threshold, repayment is reduced pro rata and investors may lose a significant portion or all of their principal.

The trade date is March 16, 2026 with expected settlement on March 18, 2026. Minimum purchase is 100 Notes at $10 per Note (a $1,000 minimum). UBS states an estimated initial value range of $9.33 to $9.58 per Note and provides hypothetical terms including a 14.65% per annum contingent coupon and a $0.3663 contingent coupon per $10 Note for illustration.

UBS AG offers Trigger Autocallable Contingent Yield Notes linked to Lam Research Corporation stock due on or about March 20, 2028. The Notes pay contingent periodic coupons only if the underlying stock's closing level meets or exceeds a coupon barrier on observation dates; otherwise no coupon is paid.

The Notes have an automatic call feature if the underlying closes at or above the initial level on an observation date, in which case UBS pays principal plus any contingent coupon on the related call settlement date. If not called, principal repayment at maturity is contingent: full principal is paid only if the final level is at or above the downside threshold; otherwise repayment is reduced pro rata to the underlying return, possibly to zero. Trade date is March 16, 2026, settlement date March 18, 2026, final valuation date March 16, 2028, and maturity March 20, 2028. Notes are offered in minimum increments of 100 Notes at $10 per Note and the estimated initial value on the trade date is between $9.43 and $9.68.

UBS AG is offering Trigger Autocallable GEARS linked to the S&P 500® Equal Weight Index totaling $6,064,440. The notes have a Trade Date of March 13, 2026, expected settlement on March 17, 2026, an Observation Date of March 18, 2027 and a Maturity Date of March 15, 2029. If the index closes at or above the autocall barrier (100% of the initial level) on the observation date, UBS will pay a $10.91 call price per $10 Security (a 9.10% call return). If not called, positive returns at maturity are multiplied by the upside gearing of 1.37; if the final level is below the downside threshold (75.00% of the initial level, 5,864.15), holders can suffer losses up to their entire principal. The estimated initial value per Security was $9.74.

UBS AG offers $1,850,000 in Trigger Autocallable Contingent Yield Notes linked to Blackstone Inc., due March 19, 2029. The Notes pay contingent coupons only if the underlying closes at or above a coupon barrier on observation dates and may autocall 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 70.00% downside threshold; if below, repayment equals $10 x (1 + underlying return), exposing investors to percentage losses (possibly total loss). Trade date is March 16, 2026, settlement March 18, 2026, final valuation date March 15, 2029.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Blackstone Inc. The Notes mature on or about March 19, 2029 with a final valuation date of March 15, 2029 and an expected term of approximately three years. UBS will pay contingent coupons only if the underlying closes at or above a coupon barrier on observation dates (quarterly, beginning after six months); the Notes will be automatically called early if the underlying closes at or above the initial level on any observation date. If not called, principal repayment at maturity is contingent: if the final level is below the downside threshold, payment may be less than principal and could result in total loss. Trade and settlement dates are March 16, 2026 and March 18, 2026. Minimum investment is 100 Notes at $10 per Note; estimated initial value range is $9.26–$9.51. The Notes are unsecured obligations of UBS and repayment depends on UBS creditworthiness.

UBS AG is offering $2,350,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Dow Inc. The Notes have a principal amount of $10 per Note, a trade date of March 16, 2026, a settlement date of March 18, 2026, a final valuation date of March 16, 2028 and a maturity date of March 20, 2028. The Notes pay a contingent coupon on each coupon payment date only if the underlying closing level on the relevant observation date is at or above the coupon barrier; otherwise no coupon is paid. The Notes are automatically called early if the underlying closing level on any observation date prior to maturity is at or above the initial level, in which case UBS will pay principal plus any contingent coupon due on the call settlement date. If not called and the final level is below the downside threshold, repayment at maturity may be less than principal: cash per Note would equal $10 × (1 + underlying return), exposing investors to the percentage decline of the underlying, potentially resulting in the loss of all principal. Examples in the supplement show a hypothetical contingent coupon rate of 18.30% per annum and illustrative thresholds of $70.00 (coupon barrier) and $65.00 (downside threshold). The estimated initial value on the trade date was $9.73. Any payments, including principal, are subject to UBS credit risk.

UBS AG offers Trigger Autocallable Contingent Yield Notes linked to the common stock of Dow Inc., due on or about March 20, 2028. The preliminary pricing supplement dated March 16, 2026 describes contingent periodic coupons paid only if the underlying closing level meets a coupon barrier, an automatic call if the underlying equals or exceeds the initial level on an observation date, and contingent principal repayment at maturity that can expose investors to full downside market loss if the final level is below the downside threshold.

Key terms shown in the supplement include a $10 principal amount per Note, a hypothetical contingent coupon rate of 14.61% per annum (example contingent coupon $0.1218), a downside threshold of $65.00 (65.00% of the initial level), a coupon barrier of $70.00 (70.00% of the initial level), trade date March 16, 2026, settlement date March 18, 2026 and final valuation date March 16, 2028. The estimated initial value range on the trade date is shown as between $9.34 and $9.59. All payments are subject to the creditworthiness of UBS AG.

UBS AG is offering $4,000,000 of Trigger Callable Contingent Yield Notes linked to the least performing of the Russell 2000®, S&P 500® and EURO STOXX 50® Indexes.

The Notes are sold at $10.00 per Note (minimum 100 Notes) with an estimated initial value of $9.88. They pay periodic contingent coupons only if each underlying index stays at or above its coupon barrier on every trading day during an observation period; otherwise no coupon is paid for that period. UBS may call the Notes on quarterly observation end dates; if not called, repayment at maturity (December 15, 2028) is contingent: full principal is returned only if each underlying index finishes at or above its downside threshold, otherwise the maturity payment declines in line with the percentage loss of the least performing underlying asset.

UBS AG is offering $3,500,000 of Trigger Autocallable Contingent Yield Notes with Memory Interest linked to Paycom Software, Inc. The Notes pay a 12.65% per annum contingent coupon on observation dates if the closing level of PAYC meets the coupon barrier and are callable quarterly (first callable ~6 months). The Notes mature on March 16, 2029 with a principal repayment at maturity only if the final level is at or above the downside threshold of $62.86 (50% of the initial level); if below, principal repayment is reduced in proportion to the underlying return. The initial level is $125.71, the call threshold is $125.71 (100% of initial), the coupon barrier is $62.86 (50%), the estimated initial value was $957.50, and the issue price is $1,000.00. All payments are subject to the creditworthiness of UBS and the Notes will not be listed on an exchange.

UBS AG is offering $4,213,000 of Capped Buffer Securities linked to the S&P 500® Index maturing September 16, 2027. These notes have a $1,000 principal per Security, a 15.00% maximum gain and a 10.00% buffered downside with a downside threshold equal to 90.00% of the initial level. The Initial Level is 6,632.19 and the estimated initial value per Security on the trade date was $968.60, with an issue price of $1,000. At maturity holders receive (a) principal plus the lesser of the underlying return and the maximum gain if the underlying return is positive; (b) full principal if the final level is at or above the downside threshold and the return is zero or negative; or (c) a reduced payment if the final level is below the downside threshold, producing losses greater than the buffer. Payments (including any principal repayment) are subject to UBS credit risk; if UBS defaults, investors could lose some or all of their investment.

UBS AG offers Capped Buffer Securities linked to the S&P 500® Index with a $1,000 principal per Security and an aggregate issue price of $539,000. The Securities mature on September 16, 2027 and provide upside participation capped at 20.00% and a downside buffer of 10.00% (downside threshold 5,968.97, initial level 6,632.19).

At maturity, if the underlying return is positive you receive principal plus the lesser of the underlying return and the maximum gain (capped at 20.00%); if the final level is below the downside threshold you absorb losses in excess of the 10.00% buffer. Payments, including any principal repayment, depend on UBS creditworthiness.

UBS AG offers Step Down Trigger Autocallable Notes with $730,000 total principal, linked to the least performing of the Russell 2000® Index and the S&P 500® Index. The Notes have a principal amount of $1,000 per Note, trade date March 13, 2026, settlement March 18, 2026, final valuation date March 13, 2030 and maturity March 18, 2030.

If, on any annual observation date (including the final valuation date), the closing level of each underlying asset is equal to or above its call threshold, UBS will automatically call the Notes and pay a call price equal to principal plus a call return that increases with time (the cover shows a 10.50% per annum call return rate and call prices rising to $1,420 on maturity). If the Notes are not called, the cash payment at maturity equals $1,000 × (1 + underlying return of the least performing underlying asset), exposing holders to up to a total loss of principal. All payments remain subject to UBS credit risk.

UBS AG is offering $442,000 of Step Down Trigger Autocallable Notes 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 9.00% per annum call return rate, trade date March 13, 2026, settlement March 18, 2026, final valuation date March 13, 2030, and maturity March 18, 2030.

The Notes are automatically called if on any annual observation date the closing level of each underlying asset is at or above its call threshold (100% of initial level prior to the final date; equal to the downside threshold on the final date). The downside thresholds are 75% of initial levels (Russell 2000 downside threshold 1,860.038; S&P 500 downside threshold 4,974.14). If not called, payment at maturity equals $1,000 × (1 + underlying return of the least performing underlying asset), exposing investors to full downside, including potential total loss. The estimated initial value is $963.20 and proceeds to UBS equal $433,160.00.

UBS AG issues a preliminary pricing supplement for Trigger Autocallable Contingent Yield Notes with Memory Interest linked to the least performing of the Russell 2000® and S&P 500®. The notes have a contingent coupon rate of 8.25% per annum, a principal amount of $1,000 per Note, an estimated initial value range of $944.70 to $974.70, a trade date of March 27, 2026, expected settlement on April 1, 2026, and maturity on or about April 2, 2029.

The notes pay semiannual contingent coupons only if both underlying indices meet coupon barriers on observation dates and include a memory feature for unpaid coupons. They are automatically called if both indices meet call thresholds on an observation date. At maturity, principal is protected only if both indices are at or above their downside thresholds; otherwise repayment is reduced pro rata to the decline of the least performing underlying asset. All payments are subject to UBS credit risk and the notes will not be listed on an exchange.

UBS AG is offering $642,000 of Bearish Barrier Early Redeemable Market Linked Notes linked to the S&P 500® Index. Each Note has a principal of $1,000, a 2.35% digital return if the final level is equal to or greater than the initial level, and a lower barrier equal to the initial level minus 20.00% (5,305.75). The Notes trade on March 13, 2026, settle on March 18, 2026, and mature on June 17, 2027, unless redeemed early on a barrier event. If a barrier event occurs on any observation day, the Notes will be redeemed early at the principal amount and no positive return will be paid. The estimated initial value on the trade date was $980.10, the issue price per Note is $1,000, underwriting compensation is $5.00 per Note and proceeds to UBS per Note are $995.00. All payments are subject to UBS credit risk.

UBS AG is offering Trigger Autocallable Yield Notes linked to Zscaler, Inc. common stock. The Notes pay a fixed 11.50% annual coupon in quarterly installments, have a $1,000 principal per Note and aggregate issue size of $1,400,000. The initial level and call threshold are $153.76; the downside threshold is $76.88. Observation dates begin quarterly after one year; final valuation is March 13, 2029 and maturity is March 16, 2029. Payments (including principal) depend on the final level of ZS and on UBS creditworthiness; holders may lose a significant portion or all principal if the final level is below the downside threshold or if UBS defaults.

UBS AG offers $976,000 of Buffer Autocallable Contingent Yield Notes linked to the least performing of the Russell 2000Index and the S&P 500Index due March 17, 2031. The Notes have a $1,000 principal per Note and monthly observation dates (callable after 12 months), an initial issue price of $1,000 per Note and an estimated initial value of $942.70 as of the trade date. The Notes pay a 7.30% per annum contingent coupon when both underlyings meet coupon barriers; feature a 15.00% buffer, coupon barriers at 80.00% of initial levels and downside thresholds at 85.00% of initial levels; and are exposed to UBS credit risk. Trade and settlement dates are March 12, 2026 and March 17, 2026, respectively.

UBS AG priced a preliminary offering of trigger autocallable contingent yield notes with memory interest linked to the common stock of QXO, Inc. The Notes have a $1,000 principal per Note, a contingent coupon rate of 13.20% per annum, and mature on March 16, 2029.

Key economic terms set on the strike date: initial level $20.18, call threshold $20.18 (100% of initial level), and downside threshold/coupon barrier $10.09 (50% of initial level). Observation dates are quarterly (callable after six months). The estimated initial value range on the trade date is $909.80–$939.80 per Note. All payments are subject to the creditworthiness of UBS and the Notes are not exchange-listed.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to CrowdStrike (CRWD). The offering total is $2,561,000 at an issue price of $1,000 per Note with an estimated initial value of $976.80. The Notes mature on March 16, 2029 with a final valuation date of March 13, 2029.

The Notes pay a contingent coupon of 18.15% per annum ($45.375 per quarter) only if the underlying closing level meets or exceeds the coupon barrier on observation dates. The Initial Level is $441.78; the Call Threshold is $441.78 (100.00% of Initial Level); the Coupon Barrier and Downside Threshold are $265.07 (60.00% of Initial Level). If not called and the Final Level is below the Downside Threshold, principal repayment at maturity is contingent and may result in substantial or total loss of principal.

UBS AG offers UBS AG Trigger Autocallable Contingent Yield Notes with Memory Interest linked to the common stock of Apollo Global Management, Inc. The offering totals $903,000 at an issue price of $1,000 per Note and provides a contingent coupon at a 16.70% per annum rate. Key economic terms on the cover include an Initial Level of $104.44, a Call Threshold Level equal to $104.44 (100.00% of the Initial Level), and a Downside Threshold/Coupon Barrier equal to $67.89 (65.00% of the Initial Level). If not called, at maturity on September 16, 2027 holders receive $1,000 in cash if the final level is at or above the downside threshold; otherwise holders receive the Share Delivery Amount of 9.5749 shares per Note (or cash in lieu of any fractional share), which may be worth significantly less than principal. All payments are subject to the creditworthiness of UBS.

UBS AG offers $515,000 of Trigger Callable Contingent Yield Notes linked to the least performing of the Dow Jones Industrial Average®, the Nasdaq-100® Technology Sector and the Russell 2000® Index. The Notes trade on a $1,000 principal per Note basis, pay a 12.45% per annum contingent coupon (subject to observation-date barriers), are callable by UBS beginning after six months, have monthly observation dates, an initial estimated value of $958.80, a Final Valuation Date of September 13, 2030 and maturity on September 18, 2030. If not called, principal repayment at maturity is contingent on the least performing underlying asset relative to its 60% downside threshold; holders may lose a significant portion or all principal and are exposed to UBS credit risk.

UBS AG London Branch is offering Capped Leveraged Buffered S&P 500® Index-Linked Medium-Term Notes with an aggregate face amount of $6,755,000. The notes mature on July 14, 2027 (settlement March 17, 2026) and do not bear interest.

Key economic terms: initial underlier level 6,672.62, upside participation 170.00%, cap level 110.32% (maximum settlement $1,175.44 per $1,000 face amount), buffer 12.50% (buffer level 5,838.5425) and buffer rate ~114.29%. The estimated initial value at the trade date was $997.50 per $1,000 face amount and the issue price is 100.00% of face amount. The notes are unsecured obligations of UBS, not FDIC insured, and subject to UBS credit risk.

UBS AG offers $255,000 of Trigger Callable Contingent Yield Notes linked to the common stock of Western Digital Corporation due September 16, 2027. The Notes pay a 32.10% per annum contingent coupon only if the underlying's closing level on each observation date is at or above the coupon barrier of $136.15 (50.00% of the initial level of $272.29). UBS may call the Notes in whole on monthly observation dates beginning after three months; if not called, principal is repaid at maturity only if the final level is at or above the downside threshold of $136.15. If the final level is below that threshold, holders suffer a loss equal to the underlying return and could lose all principal. Payments are subject to UBS credit risk and the Notes are not FDIC insured.