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

UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the Nasdaq-100® Technology Sector, the Russell 2000® Index and the S&P 500® Index. The Notes pay a fixed contingent coupon of 13.60% per annum on any coupon date only if each underlying asset is at or above its coupon barrier; otherwise no coupon is paid. UBS may call the Notes in whole on monthly observation dates beginning after three months. At maturity, if any underlying asset is below its downside threshold (each set at 70.00% of its initial level), principal repayment is reduced pro rata to the negative return of the least performing underlying asset; in extreme cases you could lose all principal. The term is approximately 23 months, with trade date March 19, 2026, settlement March 24, 2026, final valuation February 22, 2028 and maturity February 25, 2028. Payments remain subject to UBS credit risk.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Broadcom Inc. common stock with a $1,000 principal per Note. The notes pay quarterly contingent coupons at a 15.75% to 17.75% per annum range, mature on April 4, 2029, and have a final valuation date of March 29, 2029. Trade and settlement are expected on March 31, 2026 and April 6, 2026, respectively. The estimated initial value range is $938.40 to $968.40 per Note; the issue price is $1,000.00 with an underwriting discount of $27.50.

The Notes are unsecured obligations of UBS, subject to UBS credit risk, may be automatically called on observation dates if the underlying meets the call threshold, and, if not called, may repay principal in cash or by delivering shares of Broadcom depending on the final level. Investors may lose a significant portion or all of their investment and may receive few or no contingent coupons.

UBS AG is offering Buffer Callable Contingent Yield Notes linked to the least performing of the Russell 2000® Index and the S&P 500® Index. The notes have a $1,000 principal amount per note, a contingent coupon rate of 10.00% per annum payable only when both indices meet coupon barriers, a 15.00% buffer (downside threshold at 85.00% of initial levels) and are callable by UBS beginning after 12 months.

Key dates include a trade date of March 18, 2026, expected settlement on March 23, 2026, final valuation date of December 18, 2028, and maturity on December 21, 2028. The estimated initial value range on the trade date is between $926.60 and $956.60. Payments (including any principal repayment) depend on UBS creditworthiness and the final performance of the least performing underlying asset; if not called and an underlying falls below the downside threshold, you can lose some or almost all of your investment.

UBS AG is offering Trigger Callable Contingent Yield Notes due March 15, 2029 linked to the least performing of the Nasdaq-100®, Russell 2000® and S&P 500®. Each Note has a $1,000 principal amount and a contingent coupon rate of 11.05% per annum payable only if all three indices meet coupon barriers on an observation date. UBS may call the Notes in whole on monthly observation dates beginning after three months. At maturity you may receive full principal only if all indices are at or above their downside thresholds; otherwise repayment exposes you to the negative return of the least performing index, potentially losing a significant portion or all of your investment. The estimated initial value per Note is $962.30 and issue price per Note is $1,000. All payments are subject to UBS credit risk.

UBS AG is offering $6,600,000 of Trigger Callable Contingent Yield Notes linked to the least performing of the Russell 2000®, the S&P 500® and the EURO STOXX 50®, maturing December 13, 2028. The Notes pay a periodic contingent coupon of 14.20% per annum (equal to $0.355 per quarter on a $10 Note) only if each underlying closes at or above its coupon barrier on every trading day during an observation period; otherwise no coupon accrues for that period.

The Notes are issuer-callable on each quarterly observation end date prior to maturity; if called UBS will pay $10 plus any contingent coupon then due. If not called, repayment at maturity is contingent: if each underlying is at or above its downside threshold you receive $10, otherwise you receive $10×(1 + underlying return of the least performing underlying asset), which can result in a substantial loss, including a total loss. The estimated initial value on the trade date is $9.65 per Note and Notes are offered in minimum increments of 100 Notes at an issue price of $10.00 per Note.

UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the Russell 2000, S&P 500EURO STOXX 50. The Notes pay a quarterly contingent coupon of 14.00% per annum (equal to $0.35 per $10 Note) only if, during an observation period, each index's closing level is at or above its coupon barrier (70% of initial level) on every trading day.

If UBS elects to call early, investors receive principal plus any coupon due on the call settlement date. If not called, repayment at maturity depends on the least performing index relative to a downside threshold (60% of initial level): a final shortfall versus that threshold can cause a principal loss up to 100%. Trade date is March 12, 2026, settlement March 17, 2026, final valuation December 12, 2028, maturity December 15, 2028. Estimated initial value range: $9.58–$9.88 per $10 Note.

UBS AG offers Contingent Income Auto-Callable Securities due on or about March 23, 2029 linked to the common stock of T-Mobile US, Inc. The securities pay a contingent payment of $26.125 (equivalent to 10.45% per annum) on each determination date when the closing price is at or above the downside threshold of 70.00% of the initial price and can be auto‑redeemed early if the closing price meets the call threshold (equal to 100.00% of the initial price) on any non‑final determination date.

These are unsecured obligations of UBS AG and are subject to UBS credit risk. 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 initial investment. The issue price is $1,000.00 per security and the estimated initial value range on the pricing date is $937.20 to $967.20.

UBS AG is offering $1,785,000 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. The notes pay a contingent coupon of 13.35% per annum when each underlying asset is at or above its coupon barrier on an observation date.

The notes are issuer-callable beginning after three months and mature on March 15, 2029. Each Note has a principal amount of $1,000, an issue price of $1,000 and an estimated initial value of $966.70 as of the trade date. If not called, principal repayment at maturity is contingent: if any underlying asset finishes below its 70% downside threshold, repayment is reduced by the negative return of the least performing underlying asset, and you could lose a significant portion or all of your investment. All payments are subject to UBS credit risk.

UBS AG offers $2,501,000 of Trigger Autocallable Yield Notes linked to the least performing of Merck & Co., Inc. common stock (MRK) and the S&P 500® Index. The Notes pay a fixed 9.65% per annum coupon (paid monthly) and may be automatically called on monthly observation dates beginning after March 10, 2027. If not called, maturity is March 15, 2028 with contingent principal repayment: full principal returned if each underlying is ≥ its downside threshold (60% of initial level), otherwise payout equals $1,000 × (1 + underlying return of the least performing underlying asset), potentially yielding a total loss. Payments depend on UBS creditworthiness. The issue price is $1,000 per Note and the estimated initial value was $989.10 per Note.

UBS AG is offering Contingent Income Auto-Callable Securities with a stated principal amount of $1,000 per security, expected pricing date March 20, 2026, original issue date March 25, 2026 and expected maturity March 23, 2028. The securities reference the common stock of Apple Inc., Amazon.com, Inc. and Alphabet Inc. and pay a contingent coupon of $28.875 per security (equivalent to 11.55% per annum) on a determination date only if all three underlyings are at or above their 50% coupon barrier levels.

They are unsecured obligations of UBS AG; payments depend on UBS creditworthiness. If on the final determination date any underlying is below its 50% downside threshold, the maturity payout will be reduced pro rata to the underlying return of the worst performing equity, potentially resulting in a significant loss, including loss of all principal. The securities do not participate in upside of the underlyings and may be redeemed early if all underlyings meet 100% call thresholds on a determination date.

UBS AG is offering Trigger Callable Contingent Yield Notes linked to Robinhood Markets common stock maturing on or about September 23, 2027. The notes pay a contingent coupon of 24.75% per annum when the underlying meets the coupon barrier and are callable monthly by UBS after three months.

The notes feature a downside threshold and coupon barrier equal to 50.00% of the initial level; if the final level is below the downside threshold, principal at maturity is reduced proportionally to the underlying return. The preliminary estimated initial value range is $926.60 to $956.60 and underwriting compensation is up to $22.25 per $1,000.00 note.

UBS AG offers Trigger Callable Contingent Yield Notes linked to the least performing of the Dow Jones Industrial Average®, the Russell 2000® Index and the Nasdaq-100® Technology Sector due on or about March 22, 2030. The Notes pay a 11.15% per annum contingent coupon (as shown for the Dow Jones component) only when each underlying meets its coupon barrier on an observation date. The Notes are issuer-callable monthly beginning after 9 months and repay principal at maturity only if each underlying’s final level is at or above a 70.00% downside threshold; otherwise principal is reduced in line with the least performing underlying. The preliminary estimated initial value range is $945.60 to $975.60 per $1,000 principal amount. All payments are subject to UBS credit risk and the Notes will be unlisted.

UBS AG is offering Trigger Callable Contingent Yield Notes linked to the common stock of Tesla, Inc., due on or about March 16, 2028. The notes pay a contingent coupon of 20.10% per annum only if the underlying closes at or above the coupon barrier on observation dates; UBS may call the notes monthly beginning after three months.

The issue price is $1,000.00 per Note with an underwriting discount of $6.50, producing proceeds to UBS of $993.50 per Note. The estimated initial value range is $955.20 to $985.20. The notes expose holders to downside risk if the final level is below the downside threshold of 60.00% of the initial level; in that case principal repayment is reduced proportionally to the underlying return.

UBS AG is offering Buffer Autocallable Contingent Yield Notes linked to the least performing of the Russell 2000® and the S&P 500®, with a term to approximately April 1, 2031. The notes are callable monthly (first callable ~12 months after issuance) and pay a contingent coupon of 6.70% per annum when both underlyings meet their coupon barriers on an observation date.

If not called, principal repayment at maturity is contingent: full principal is returned only if each underlying is at or above its downside threshold (85.00% of initial). The notes provide a 15% buffer against the least performing underlying but expose holders to losses beyond that buffer; extreme scenarios can result in near-total loss. Issue price is $1,000.00 per note; estimated initial value range is $926.80 to $956.80, and underwriting discount is $37.50 (proceeds to UBS $962.50 per note).

UBS AG offers $898,000 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 due March 15, 2028. The Notes pay a monthly contingent coupon at a contingent coupon rate of 11.05% per annum if, on each coupon observation date, the closing level of each underlying asset is equal to or above its coupon barrier; otherwise no coupon is paid for that period.

The Notes are issuer-callable on quarterly call dates; if called UBS will pay the principal plus any contingent coupon on the call settlement date. If not called, maturity payment is $1,000 per Note provided each underlying asset is at or above its downside threshold, otherwise the payment equals $1,000 multiplied by (1 + underlying return of the least performing underlying asset), which can result in substantial loss or total loss of principal. Trade date is March 10, 2026, settlement March 13, 2026, final valuation date March 10, 2028. Issue price is $1,000 per Note; the estimated initial value per Note was $969.50.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Dell Technologies Inc. The Notes pay contingent coupons only if the underlying closing level on an observation date meets the coupon barrier and will be 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, repayment at maturity depends on the final level relative to a downside threshold; if the final level is below that threshold, principal repayment is reduced proportionally and investors can lose a significant portion or all of their investment. The offering shows a Trade Date of March 11, 2026, Settlement Date of March 13, 2026, Final Valuation Date of March 9, 2028 and Maturity Date of March 13, 2028. The Notes have a minimum investment of 100 Notes at $10 per Note ($1,000). An illustrative contingent coupon rate is 24.00% per annum with a representative contingent coupon of $0.60 and an estimated initial value of $9.70 per Note as of the trade date. All payments, including principal, are subject to UBS credit risk.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Halliburton Company stock, maturing March 13, 2028. Each Note has a $10 principal amount, a minimum purchase of 100 Notes, and an estimated initial value of $9.69 as of the trade date.

Contingent coupons are paid only when the underlying closes at or above the coupon barrier on observation dates; the Notes are automatically called early if the underlying closes at or above the initial level on an observation date. At maturity, if not called, principal is repaid only if the final level is at or above the downside threshold (example: $70.00, or 70.00% of initial). If the final level is below that threshold, repayment is reduced pro rata and investors can lose a significant portion or all of principal. All payments are subject to UBS credit risk.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Dell Technologies Inc., due on or about March 13, 2028. The Notes can be automatically called early if the underlying closes at or above the initial level on an observation date; an automatic call pays principal plus any contingent coupon and ends the instrument.

The Notes pay periodic contingent coupons only when the underlying closes at or above the coupon barrier on an observation date; otherwise no coupon is paid. At maturity, if not called, principal is repaid only if the final level is at or above a disclosed downside threshold (example: $10 principal with a 70% downside threshold example). Minimum investment is 100 Notes at $10 per Note; estimated initial value is between $9.40 and $9.65 per Note. Any payment depends on UBS's creditworthiness.

UBS AG offers Trigger Autocallable Contingent Yield Notes linked to the common stock of Airbnb, Inc., due March 13, 2029. The offering size is stated as $618,000. The notes pay periodic contingent coupons only if the underlying closing level on an observation date meets or exceeds a specified coupon barrier and may be automatically called early if the underlying equals or exceeds the initial level on any observation date prior to maturity. At maturity, if the notes are not called and the final level is below the downside threshold, principal repayment is contingent and investors may suffer a loss equal to the underlying return; in extreme situations the entire principal could be lost. Key example terms shown include a 11.36% per annum contingent coupon, a coupon payment per $10 note of $0.284, a downside threshold of $60.00 (60.00% of the initial level), an estimated initial note value of $9.76, and a minimum investment of 100 notes ($1,000). The notes are unsecured obligations of UBS and any payment is subject to UBS credit risk.

UBS AG published a preliminary pricing supplement dated March 11, 2026 for Trigger Autocallable Contingent Yield Notes linked to the common stock of Halliburton Company, due on or about March 13, 2028. The Notes pay contingent coupons only if the underlying's closing level on an observation date meets or exceeds a coupon barrier; they are automatically called 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 at or above the disclosed downside threshold, UBS will repay the $10 principal per Note; if the final level is below the downside threshold, repayment will be reduced pro rata to the underlying return, potentially resulting in loss of a significant portion or all of principal. The trade date and expected settlement are March 11, 2026 and March 13, 2026; final valuation and maturity dates are March 9, 2028 and March 13, 2028. Minimum investment is 100 Notes at $10 per Note. The estimated initial value range on the trade date is $9.38 to $9.63, and all payments are subject to UBS creditworthiness.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the VanEck® Semiconductor ETF maturing March 15, 2027.

The Notes pay contingent coupons only if the underlying ETF closing level on an observation date meets or exceeds the coupon barrier and will autocall early if the ETF closing level on any observation date before the final valuation date is at or above the initial level. If not called, repayment at maturity depends on the final level versus an 85.00% downside threshold: if the final level is below that threshold, principal is reduced pro rata to the ETF’s percentage decline, possibly resulting in total loss. The Notes are unsecured obligations of UBS and subject to UBS credit risk. Trade date and settlement date are March 11, 2026 and March 13, 2026; final valuation and maturity dates are March 11, 2027 and March 15, 2027. The illustrative contingent coupon rate shown is 24.98% per annum with a hypothetical contingent coupon of $0.6245 on a $10 principal and an example downside payoff of $5.10 if the underlying return is negative enough.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Airbnb, Inc. with an expected trade date of March 11, 2026, settlement on March 13, 2026 and maturity on March 13, 2029.

The Notes pay periodic contingent coupons only if the underlying closing level on each observation date meets or exceeds the coupon barrier; they 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: full principal is paid if the final level is at or above the disclosed downside threshold of $60.00 (which equals 60.00% of the initial level); if the final level is below that threshold, repayment is reduced pro rata (example shows $3.60 per $10 Note in a downside scenario). Minimum investment is 100 Notes at $10 per Note; the estimated initial value range is $9.39–$9.64.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Eli Lilly and Company, maturing on March 13, 2028. The Notes pay contingent coupons only if the underlying's closing level on an observation date meets or exceeds a coupon barrier and may be automatically called early if the underlying equals or exceeds the initial level on any observation date prior to the final valuation date. If not called and the final level is below the downside threshold, principal repayment at maturity is reduced proportionally to the underlying return; in extreme scenarios you could lose all of your initial investment. Key mechanics and figures disclosed in the pricing supplement include a trade date of March 11, 2026, settlement on March 13, 2026, final valuation date March 9, 2028, minimum investment of $1,000 (100 Notes), and an estimated initial value of $9.73 per Note as of the trade date. The supplement gives a hypothetical contingent coupon rate of 13.57% per annum and examples showing potential returns and losses; all payments remain subject to the creditworthiness of UBS AG.

UBS AG offers Trigger Autocallable Contingent Yield Notes linked to Delta Air Lines common stock due March 15, 2027. The Notes pay a periodic contingent coupon only if the underlying closing level on each observation date meets or exceeds a coupon barrier; otherwise no coupon is paid.

The Notes are automatically called early if an observation date closing level is at or above the initial level, in which case holders receive principal plus any contingent coupon on the related call settlement date. If not called, principal repayment at maturity is contingent: full principal is returned only if the final level is at or above the downside threshold; if the final level is below that threshold, repayment is reduced pro rata to the underlying return, potentially resulting in a total loss. Key terms: trade date March 11, 2026, settlement March 13, 2026, final valuation date March 11, 2027, maturity March 15, 2027, example contingent coupon rate 24.01% per annum, minimum investment 100 Notes ($1,000), estimated initial value per Note $9.78.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the VanEck® Semiconductor ETF due on or about March 15, 2027. The preliminary pricing supplement sets key dates: trade date March 11, 2026, settlement March 13, 2026, final valuation date March 11, 2027, maturity March 15, 2027.

The Notes pay periodic contingent coupons only if the underlying closes at or above the coupon barrier on observation dates and are automatically called early if the underlying closes at or above the initial level on any observation date. At maturity, if not called, repayment of principal is contingent on the final level relative to an 85.00% downside threshold; if below, principal is reduced pro rata to the underlying return.

Minimum investment is 100 Notes at $10 per Note. UBS estimates an initial value range of $9.47 to $9.72 per Note on the trade date. The document emphasizes significant market and credit risk and that payments depend on UBS creditworthiness.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Stanley Black & Decker, Inc., maturing on March 13, 2028. The Notes pay contingent coupons only if the underlying closes at or above the coupon barrier on observation dates and can be automatically called early 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, principal repayment at maturity is reduced pro rata to the underlying return; in extreme cases you could lose your entire investment. Payments, including any principal repayment, are subject to UBS's creditworthiness. Trade date is March 11, 2026 and settlement date is March 13, 2026. The minimum investment is 100 Notes at $10 per Note; the estimated initial value as of the trade date is $9.64. Key terms in this summary are subject to the product supplement and prospectus cited herein.

UBS AG offers Trigger Autocallable Contingent Yield Notes linked to Eli Lilly common stock due on or about March 13, 2028. The Notes pay periodic contingent coupons only if the underlying closes at or above a coupon barrier on observation dates, carry an automatic early‑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 the downside threshold; otherwise holders suffer a loss proportional to the underlying return. Payments, including any principal repayment, depend on UBS credit. Trade date is March 11, 2026 and settlement is expected March 13, 2026. The Notes have a $10 principal amount per Note; estimated initial value was shown between $9.42 and $9.67 on the trade date.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Stanley Black & Decker, Inc., due on or about March 13, 2028. The Notes pay periodic contingent coupons only if the underlying closing level on an observation date is equal to or above a coupon barrier; otherwise no coupon is paid. UBS will automatically call the Notes early if the underlying closes at or above 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: the Notes pay full principal if the final level is at or above the downside threshold (stated as $10 principal and a downside threshold equal to 70.00% of the initial level); if the final level is below the downside threshold, maturity payment is reduced pro rata to reflect the underlying return (examples show a possible payment of $4.20 per $10 Note). Trade and settlement dates are shown as March 11, 2026 and March 13, 2026; final valuation and maturity dates are shown as March 9, 2028 and March 13, 2028. Minimum purchase is 100 Notes at $10 per Note; the estimated initial value range is $9.34 to $9.59 per Note.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Applied Materials common stock, maturing March 13, 2028. The Notes pay periodic contingent coupons only if the underlying closing level meets the coupon barrier on observation dates and will be automatically called early if the underlying closes at or above the initial level on any pre-maturity observation date.

If not called, principal repayment at maturity is contingent: full principal is returned if the final level is at or above the downside threshold; if the final level is below the downside threshold, repayment is reduced pro rata to the underlying return, potentially resulting in a complete loss. Trade date March 11, 2026; settlement March 13, 2026. Minimum investment: 100 Notes at $10 per Note. Estimated initial value: $9.74.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Applied Materials, Inc. with a trade date of March 11, 2026 and expected maturity on or about March 13, 2028.

The Notes pay periodic contingent coupons only if the underlying closing level meets a coupon barrier on observation dates, include an automatic call if the underlying meets or exceeds the initial level on an observation date, and expose holders to potential loss of principal at maturity if the final level is below the downside threshold. All payments are subject to the creditworthiness of UBS.

UBS AG offers Trigger Autocallable Contingent Yield Notes linked to United Airlines Holdings, Inc. stock. The Notes pay periodic contingent coupons only if the underlying closing level meets the coupon barrier on observation dates and may be automatically called early if the underlying equals or exceeds the initial level on an observation date. If not called, principal repayment at maturity depends on the final level relative to the downside threshold and can result in a loss up to the entire investment. Key dates: Trade Date March 11, 2026; Settlement Date March 13, 2026; Final Valuation Date March 11, 2027; Maturity Date March 15, 2027. Minimum investment: 100 Notes ($1,000). Estimated initial value per Note: $9.79. Payments are subject to UBS credit risk.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of United Airlines Holdings, Inc. The trade date is March 11, 2026, settlement is March 13, 2026, final valuation date is March 11, 2027, and expected maturity is March 15, 2027. Notes are denominated at $10 per Note with a minimum purchase of 100 Notes.

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 autocallable if the underlying closes at or above the initial level on an observation date. If not called, repayment at maturity is contingent: full principal is repaid only if the final level is at or above the downside threshold (illustrative downside threshold and coupon barrier shown at $60.00, or 60.00% of the initial level). If the final level is below that threshold, principal is reduced proportional to the underlying return. Estimated initial value range is $9.48 to $9.73 per Note. Payments are subject to the creditworthiness of UBS AG.

UBS AG offers $1,045,000 Trigger Autocallable Contingent Yield Notes linked to the least performing common stock of Advanced Micro Devices, Inc., Microsoft Corporation and Oracle Corporation. The Notes pay a 24.50% per annum contingent coupon when each underlying closes at or above its coupon barrier on an observation date and include a memory feature for unpaid coupons. The Notes are callable monthly beginning after six months and mature on March 13, 2031. Key cover terms: initial levels — AMD $203.23, MSFT $405.76, ORCL $149.40; call threshold = 100% of initial levels; coupon barrier = 60%; downside threshold = 50%. Trade date is March 10, 2026 with expected settlement on March 13, 2026. Payments, including principal, are subject to UBS credit risk; if not called and the least performing underlying is below its downside threshold at maturity, principal may be reduced and investors could lose a significant portion or all of their investment.

UBS priced a preliminary pricing supplement for Digital MSCI EAFE® Index-Linked medium-term notes offering linked to the MSCI EAFE Index.

The notes pay no interest, have a buffer level of 87.50% of the initial underlier level (buffer rate ~114.29%), a capped maximum settlement expected between $1,133.90 and $1,157.50 per $1,000 face amount, and a term expected to be between 23 and 26 months. The estimated initial value is expected to be between $961.50 and $991.50 per $1,000 face amount. Investors bear UBS credit risk and may lose their entire investment if the final underlier level falls sufficiently below the buffer.

UBS AG proposes Capped Leveraged Buffered S&P 500® Index-Linked Medium-Term Notes with a term expected to be between 16 and 18 months. Each note has a $1,000 face amount and pays no interest; final cash settlement depends on the S&P 500 closing level on a determination date and is capped.

Key economics disclosed: upside participation rate 170.00%, buffer level 87.50% (protects against the first 12.50% of declines), a cap level expected between 108.85% and 110.41% of the initial level, and a maximum settlement amount expected between $1,150.45 and $1,176.97 per $1,000 face amount. The estimated initial value is expected between $967.50 and $997.50 per $1,000 face amount. Investors assume UBS credit risk and there may be little or no secondary market.

UBS AG offers $8,020,000 of Capped Buffer GEARS linked to the S&P 500® Index due March 18, 2027. Each $1,000 Security provides 1.50x upside gearing subject to an 11.05% maximum gain, a 10.00% buffer (downside threshold = 6,103.33) and contingent repayment of principal only at maturity. Payments depend on the percentage change in the Index from the trade date (March 10, 2026) to the final valuation date (March 15, 2027) and are subject to UBS credit risk; in adverse outcomes investors may lose some or almost all principal.

UBS AG offers $3,742,000 of Capped Buffer GEARS linked to shares of the iShares® MSCI EAFE ETF, maturing on March 18, 2027. Each Security has a $1,000 principal amount, an upside gearing of 1.50, a maximum gain of 11.10 (maximum payment $1,111.00) and a buffer of 10.00 (downside threshold $89.30, initial level $99.22).

At maturity, positive underlying returns are multiplied by the upside gearing but capped at the maximum gain. If the final level is below the downside threshold, holders will absorb losses in excess of the buffer and could lose almost all principal. Payments depend on UBS’s creditworthiness. The estimated initial value on the trade date was $979.00.

UBS AG offers $10,995,000 face amount of Digital S&P 500® Index-Linked Medium-Term Notes due April 13, 2027. The notes pay no interest and return a capped cash payment of $1,086.20 per $1,000 face amount if the final underlier level on the determination date is at or above a buffer equal to 85.00% of the initial underlier level (6,795.99). If the final underlier level is below the buffer, holders bear amplified downside: holders lose approximately 1.1765% of face amount for each 1% decline in the underlier below the buffer and can lose their entire investment. Trade date is March 9, 2026, original issue date is March 12, 2026, determination date is April 9, 2027 and stated maturity date is April 13, 2027. The estimated initial value as of the trade date was $987.00 per $1,000 face amount, while the issue price is 100.00% of face amount. The notes are unsecured obligations of UBS and are not FDIC insured; cash settlement, tax treatment, liquidity and issuer credit risk are highlighted risks.

UBS AG priced $1,359,000 of Trigger Callable Contingent Yield Notes linked to the least performing of the Nasdaq-100® Technology Sector, Russell 2000® and S&P 500®. The Notes pay a contingent coupon of 12.75% per annum when each underlying equals or exceeds its coupon barrier on an observation date, are callable by UBS beginning after six months, and mature on March 15, 2029. If not called, principal repayment at maturity is contingent: full principal is returned only if each final level is at or above its downside thresholds (70% of initial levels); otherwise repayment reflects the negative return of the least performing underlying asset, potentially resulting in a total loss. The estimated initial value on the trade date was $962.90 and the issue price was $1,000.00 per Note.

UBS AG is offering Capped Buffer Securities linked to the S&P 500® Index due on or about September 30, 2027. Each Security has a $1,000 principal amount and a term of approximately 18 months. At maturity holders receive (a) the principal plus any positive underlying return up to a 20.00% maximum gain, (b) return of principal if the final level is at or above the 90.00% downside threshold, or (c) a reduced payment if the final level is below the downside threshold after applying a 10.00% buffer.

The Securities do not pay interest, are unsecured obligations of UBS, and any payment depends on UBS' creditworthiness. The estimated initial value range on the trade date was $956.80 to $986.80; the issue price is $1,000. Trade and settlement dates were set as March 27, 2026 and April 1, 2026, respectively. The offering involves potential material risks including loss of some or almost all principal if the final level breaches the downside threshold, limited upside due to the cap, uncertain U.S. tax treatment, and limited or no secondary market liquidity.

UBS AG is offering Trigger Autocallable Contingent Yield Notes with Memory Interest linked to the least performing of the Russell 2000® and the S&P 500®. The Notes have a principal amount of $1,000 per Note, semiannual observation dates, an expected trade date of March 27, 2026, settlement on April 1, 2026, a final valuation date of March 27, 2029 and a maturity date of April 2, 2029.

If on an observation date each underlying asset is at or above its coupon barrier the issuer will pay a contingent coupon (the document shows a contingent coupon rate of 8.25% per annum and a contingent coupon of $41.25 per Note). The Notes are subject to automatic early call if both underlyings meet call thresholds (shown as 100% of initial level) on any observation date. If not called, repayment at maturity is contingent: full principal is paid only if both underlyings are at or above their downside thresholds (shown as 70% of initial level); otherwise payment is reduced pro rata based on the least performing underlying asset. The estimated initial value range is $944.70 to $974.70, the underwriting discount is $21.00 per Note, and proceeds to UBS are shown as $979.00 per Note.

UBS AG is offering $1,000,000 of Trigger Autocallable Contingent Yield Notes with Memory Interest linked to the least performing of Equinix (EQIX), NVIDIA (NVDA) and Oracle (ORCL), maturing March 13, 2031.

The notes pay a 22.00% per annum contingent coupon (paid only if each underlying meets its coupon barrier on an observation date, with a memory feature for previously missed coupons), are monthly-observed and callable after six months if all underlyings meet 100% call thresholds. Principal repayment at maturity is contingent: full principal is returned only if each underlying is at or above its 50% downside threshold (50% of initial level); otherwise repayment equals $1,000×(1 + underlying return of the least performing underlying asset), which can result in substantial or total loss. Payments depend on UBS’ creditworthiness. Trade date is March 10, 2026 and settlement is March 13, 2026.

Offering size: $692,000 of UBS AG Airbag Autocallable Contingent Yield Notes with Memory Interest linked to Interactive Brokers Group, Inc. common stock.

The Notes have a $1,000 principal per Note, a 13.73% per annum contingent coupon (equaling $34.325 per quarter if paid), an initial level of $68.50, a call threshold equal to $68.50 (100.00% of the initial level), and a downside threshold and coupon barrier equal to $54.80 (80.00% of the initial level). If not called and the final level is below the downside threshold, settlement is physical: 18.2482 shares per Note (fractional shares paid in cash).

Trade date is March 10, 2026, settlement March 13, 2026, quarterly observation dates with final valuation on September 10, 2027, and maturity on September 15, 2027. Payments and principal are subject to UBS credit risk; investors may lose some or all of their investment.

UBS AG is offering $1,000,000 of Trigger Callable Contingent Yield Notes due March 15, 2029 linked to the least performing of the Nasdaq-100® Technology Sector, the Russell 2000® and the S&P 500®.

The Notes pay a periodic contingent coupon of 12.15% per annum only if each underlying asset closes at or above its coupon barrier on an observation date. UBS may call the Notes in whole on monthly observation dates beginning after three months. At maturity the principal is contingent: if any underlying asset’s final level is below its downside threshold (60% of initial level), holders suffer a loss equal to the negative return of the least performing underlying asset. The estimated initial value at trade date was $969.00 per Note; issue price is $1,000.00 per Note.

UBS AG is offering 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 principal amount of $1,000 per Note, an expected trade date of March 27, 2026, expected settlement on April 1, 2026, and an expected maturity on or about April 2, 2029. The Notes pay a contingent coupon when the closing level of each underlying asset is at or above its coupon barrier on an observation date; the disclosed contingent coupon rate is 9.75% per annum and the contingent coupon per semiannual period is $48.75. The Notes are subject to an automatic call if on an observation date both underlyings are at or above their call thresholds (stated as 100% of initial level). Coupon barriers and downside thresholds are set at 70% of initial levels. If not called and the final level of any underlying is below its downside threshold, investors can suffer a loss equal to the negative return of the least performing underlying, including a total loss of principal. The estimated initial value range is $959.30 to $989.30 per Note as of the trade date per UBS’ internal models. All payments are subject to UBS’s creditworthiness and the Notes are not FDIC insured; there may be little or no secondary market.

UBS AG is offering $1,000,000 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 pay a contingent coupon of 13.40% per annum only if each underlying asset meets its coupon barrier on an observation date. UBS may call the Notes in whole (not in part) on any monthly observation date beginning after 6 months. If not called, at maturity on March 14, 2030 principal is repaid only if each underlying asset is at or above its downside threshold (75.00% of initial level); otherwise repayment is reduced pro rata to the negative return of the least performing underlying asset, and investors could lose a significant portion or all principal. Trade and settlement dates are March 10, 2026 and March 13, 2026. Issue price is $1,000 per Note; the estimated initial value is $963.10 per Note. All payments are subject to UBS credit risk.

UBS AG is offering Capped Buffer Securities linked to the S&P 500® Index due on or about September 30, 2027. Each Security has a $1,000 principal amount, a 10.00% downside buffer, and a capped upside of 15.10% (maximum payment at maturity $1,151.00).

Trade date is March 27, 2026 with expected settlement on April 1, 2026. If the final index level is below the downside threshold, holders suffer losses beyond the buffer and could lose almost all principal; all payments are subject to UBS credit risk.

UBS AG is offering $5,746,000 of Trigger Callable Contingent Yield Notes linked to the least performing of the Nasdaq-100, Russell 2000 and EURO STOXX 50, maturing March 13, 2031. Each Note has a $1,000 principal amount, an indicated contingent coupon rate of 11.90% per annum (contingent), and an issue price of $1,000.00 per Note. The notes are callable by UBS on quarterly observation dates; if not called, principal repayment at maturity is contingent on the final levels of the underlying assets versus the downside thresholds (each equal to 60.00% of the initial level). The estimated initial value is $968.40 per Note and proceeds to UBS equal $997.50 per Note.

UBS AG is offering $2,672,000 of Capped Buffer GEARS linked to the State Street SPDR S&P MidCap 400® ETF (MDY). The securities have a principal amount of $1,000 per Security, a term of approximately 12 months, trade date March 10, 2026, and maturity on March 18, 2027.

Key economic terms include Upside Gearing 1.50, a Maximum Gain of 13.00% (Maximum Payment at Maturity $1,130.00), a Buffer of 10.00%, Initial Level $626.44 and Downside Threshold $563.80 (90.00% of the Initial Level). UBS reports an estimated initial value of $988.60 and an issue price of $1,000 per Security.

The payment at maturity varies by the underlying return: positive returns receive upside exposure capped at the Maximum Gain; returns that fall below the Downside Threshold result in losses exceeding the Buffer and could lead to near-total loss. All payments are subject to UBS credit risk and potential adjustments by the calculation agent.