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

UBS AG offers $442,000 Trigger Autocallable Contingent Yield Notes linked to the common stock of Albemarle Corporation due March 6, 2028. The notes pay contingent coupons only if the underlying stock meets a coupon barrier on observation dates and may be automatically called on bimonthly observation dates beginning after six months.

The notes repay principal at maturity only if the final level is at or above a downside threshold; otherwise principal is reduced in line with the underlying return, potentially causing substantial or total loss. The principal amount per Note is $10, the example contingent coupon rate is 23.85% per annum, and the estimated initial value on the trade date is $9.77. 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, maturing on March 6, 2028. Each Note has a principal amount of $10 and a minimum investment of 100 Notes.

The Notes may pay periodic contingent coupons only if the closing level of NVIDIA meets or exceeds the coupon barrier on observation dates; otherwise no coupon is paid. The Notes are automatically called early if the closing level meets or exceeds the initial level on any observation date, in which case investors receive principal plus any contingent coupon then due. If not called and the final level is below the downside threshold (set at $50.00, or 50.00% of the initial level), repayment at maturity will be reduced pro rata, and investors can lose a significant portion or all of their investment. Estimated initial value on the trade date was $9.80.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the iShares Expanded Tech-Software Sector ETF. The Notes pay a periodic contingent coupon only if the underlying closes at or above a coupon barrier on an observation date and will be automatically called early if the underlying closes at or above the initial level on any observation date prior to maturity.

If not called, principal is repaid at maturity only if the final level is at or above the downside threshold; if the final level is below that threshold, redemption at maturity will reflect the underlying return and could result in a substantial or total loss of principal. Key dates include Trade Date March 4, 2026, Settlement Date March 6, 2026, Final Valuation Date September 2, 2027 and Maturity Date September 7, 2027. Minimum investment is 100 Notes at $10 per Note; UBS estimates an initial value range of $9.37 to $9.62 per Note on the trade date.

UBS AG offers Trigger Autocallable Contingent Yield Notes linked to NVIDIA Corporation stock due March 6, 2031. The Notes pay contingent coupons only when the underlying closing level meets a coupon barrier on observation dates and can be automatically called quarterly if the underlying equals or exceeds the initial level. The Notes have a stated principal amount per Note of $10, an example contingent coupon rate of 11.81% per annum and an estimated initial value of $9.73 as of the trade date. Trade and settlement are shown as March 4, 2026 and March 6, 2026. If not called and the final level is below the downside threshold, repayment at maturity may be less than principal and may result in total loss of investment. Payments are subject to UBS creditworthiness. Minimum purchase is 100 Notes (a $1,000 investment).

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Albemarle Corporation due on or about March 6, 2028. The preliminary pricing supplement is dated March 4, 2026 and sets the trade date as March 4, 2026 and the expected settlement date as March 6, 2026. The Notes pay contingent coupons only if the underlying closing level on an observation date is at or above a coupon barrier; they are subject to automatic early call on bimonthly observation dates if the underlying is at or above the initial level. If not called, principal repayment at maturity is contingent: full principal is paid if the final level is at or above the downside threshold, otherwise repayment equals $10 x (1 + underlying return), which can result in significant loss or a total loss of principal.

Key terms shown in the preliminary supplement: minimum investment 100 Notes ($1,000), estimated initial value range per Note between $9.40 and $9.65, hypothetical contingent coupon rate example 22.30% per annum, downside threshold example $50.00 (50% of initial level) and coupon barrier example $60.00 (60% of initial level). Payments depend on UBS creditworthiness and the final terms will be set on the trade date.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of NVIDIA Corporation due on or about March 6, 2028. The Notes pay a contingent coupon 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 prior observation date. If not called, repayment at maturity depends on the final level versus a downside threshold; if the final level is below that threshold, principal may be reduced proportionally to the underlying return.

Key terms in this preliminary pricing supplement include a trade date of March 4, 2026, settlement date of March 6, 2026, final valuation date of March 2, 2028, a minimum investment of 100 Notes (principal $1,000), and an estimated initial value range of $9.44 to $9.69 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 NVIDIA Corporation due on or about March 6, 2031. The Notes pay a contingent coupon only if the underlying stock closes at or above the coupon barrier on each observation date and are automatically called if the stock closes at or above the initial level on any quarterly observation date beginning after six months. If not called, principal is repaid at maturity only if the final level is at or above the downside threshold; if below, repayment equals $10 x (1 + underlying return), which can result in the loss of a substantial portion or all of the investment. Trade date is March 4, 2026, settlement March 6, 2026. Minimum investment is 100 Notes ($1,000); estimated initial value per Note is between $9.32 and $9.57.

UBS AG offers Trigger Autocallable Contingent Yield Notes linked to the common stock of Advanced Micro Devices, Inc. The Notes have a trade date of March 4, 2026, expected settlement on March 6, 2026, a final valuation date of March 2, 2029, and maturity on March 6, 2029. UBS will pay periodic contingent coupons only if the underlying closing level meets the coupon barrier on observation dates; the Notes are automatically called if the underlying closing level meets or exceeds the initial level on any quarterly observation date beginning after six months. If not called, principal is repaid at maturity only if the final level is at or above the downside threshold; otherwise principal repayment is reduced proportionally to the underlying return and investors could lose a significant portion or all of their investment. Minimum investment is 100 Notes at $10 per Note; the document shows an estimated initial value of $9.75 per Note. All payments are subject to UBS credit risk.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Oracle Corporation, due March 6, 2028. Each Note has a principal amount of $10. The Notes pay a contingent coupon on coupon payment dates only if the underlying closing level on an observation date is at or above the coupon barrier; otherwise no coupon is paid. UBS will automatically call the Notes early if on any observation date prior to the final valuation date the underlying closing level is equal to or greater than the initial level; upon an automatic call you would receive principal plus any contingent coupon then due. If not called, repayment at maturity is contingent: if the final level is at or above the downside threshold you receive principal; if below the downside threshold you receive $10 x (1 + underlying return), which can result in a loss up to your full investment. Trade date is March 4, 2026, settlement March 6, 2026, final valuation date March 2, 2028, and maturity March 6, 2028. The offering minimum is 100 Notes (minimum investment $1,000). The estimated initial value on the trade date is $9.86. The Notes are unsecured obligations of UBS and any payment is subject to UBS's creditworthiness.

UBS AG priced Trigger Autocallable Contingent Yield Notes linked to Intel Corporation stock due March 6, 2028. The Notes pay a contingent coupon on coupon dates only if the closing level of Intel on the relevant observation date meets or exceeds the coupon barrier; otherwise no coupon is paid. The Notes are subject to an automatic call on any quarterly observation date (beginning after ~6 months) if the 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 and the final level is at or above the downside threshold, holders receive the principal at maturity; if the final level is below the downside threshold, holders suffer a loss equal to the underlying return and could lose all principal. Trade date is March 4, 2026, settlement March 6, 2026, final valuation date March 2, 2028, maturity March 6, 2028. Minimum investment is 100 Notes at $10 per Note; estimated initial value on the trade date is $9.80. 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 preliminary pricing supplement sets a trade date of March 4, 2026, settlement date March 6, 2026, a final valuation date of March 2, 2029, and a maturity date of March 6, 2029.

The Notes have a $10 principal amount per Note and are subject to automatic early call on quarterly observation dates if the closing level of the underlying stock is at or above the initial level. Contingent coupons are payable only when the underlying equals or exceeds the coupon barrier on an observation date. Examples show a hypothetical contingent coupon rate of 18.36% per annum (contingent coupon of $0.459 per $10 Note) and a downside threshold of $60.00 (60.00% of the initial level). Estimated initial value is expected between $9.37 and $9.62. Minimum investment is 100 Notes (representing $1,000). All payments, including principal contingent repayment, depend on UBS creditworthiness; if the final level falls below the downside threshold, investors may suffer losses up to the full investment.

UBS AG offers Trigger Autocallable Contingent Yield Notes linked to the common stock of Oracle Corporation due on or about March 6, 2028. The Notes have a $10 principal amount per Note, a minimum purchase of 100 Notes ($1,000), and an estimated initial value range of $9.49 to $9.74 per Note.

The Notes pay a periodic contingent coupon only if the underlying stock closes at or above the coupon barrier on observation dates and are subject to an automatic call if the underlying closes at or above 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 at maturity can be reduced proportionally to the underlying return (examples show a $3.60 repayment in an adverse scenario).

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Intel Corporation due on or about March 6, 2028. The Notes pay periodic contingent coupons only if the underlying closes at or above a coupon barrier on observation dates (quarterly, beginning after 6 months). The Notes are subject to automatic early call if the underlying closes at or above the initial level on any observation date; an automatic call 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 if the final level is at or above the downside threshold; if below, repayment equals $10 multiplied by (1 + underlying return), potentially resulting in substantial loss, including total loss. Trade date is March 4, 2026 with expected settlement March 6, 2026; final valuation date is March 2, 2028. Minimum investment is 100 Notes ($1,000). The estimated initial value range at trade date is $9.44 to $9.69. All payments depend on UBS's creditworthiness.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Palo Alto Networks, Inc. The Notes mature on March 8, 2027 with a final valuation date of March 4, 2027. The principal amount is $10 per Note and the minimum investment is 100 Notes ($1,000). The Notes may pay a contingent coupon only if the underlying stock's closing level on an observation date is equal to or above the coupon barrier; otherwise no coupon is paid. The Notes will be automatically called early if the underlying closes equal to or above the initial level on an observation date, in which case holders receive principal plus any contingent coupon due. If not called, and the final level is below the downside threshold (set at 60.00% of the initial level), principal repayment at maturity is reduced proportionally to the underlying return and investors could lose all of their initial investment. Estimated initial value on the trade date was $9.85 per Note. All payments are subject to UBS's creditworthiness.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Delta Air Lines common stock, with an aggregate stated amount of $338,000. The Notes pay a contingent coupon only if the underlying stock closes at or above a coupon barrier on observation dates and are automatically called early if the stock closes at or above 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 pro rata to the underlying return; in extreme scenarios you could lose all of your initial investment. Trade date is March 4, 2026, expected settlement March 6, 2026, final valuation date March 2, 2028 and maturity March 6, 2028. The estimated initial value per Note is $9.76 and the example contingent coupon rate shown is 19.96% per annum.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Palo Alto Networks, Inc., due on or about March 8, 2027. The Notes pay contingent coupons only if the underlying stock closes at or above a specified coupon barrier on observation dates and will be automatically called early if the underlying equals or exceeds the initial level on any observation date prior to the final valuation date.

The trade date is March 4, 2026 with expected settlement on March 6, 2026. The Notes are sold in denominations of 100 Notes at $10 per Note (minimum investment $1,000). UBS estimates an initial value range of $9.54 to $9.79 per Note on the trade date. Example terms in this preliminary supplement include a 9.39% per annum contingent coupon, a coupon and downside threshold at $60.00 (60% of the initial level), and maturity if not called on or about March 8, 2027.

These Notes expose investors to equity downside at maturity if not called, and all payments are subject to UBS's creditworthiness. The Notes are not FDIC insured, may not be listed, and could result in partial or total loss of principal.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Delta Air Lines, Inc., due on or about March 6, 2028. The Notes have a principal amount of $10 per Note and are sold in minimum blocks of 100 Notes ($1,000).

Key terms shown: trade date March 4, 2026, settlement date March 6, 2026, final valuation date March 2, 2028. The Notes may pay periodic contingent coupons only if the underlying stock closes at or above a coupon barrier; an automatic early call occurs if the underlying closes at or above the initial level on an observation date. If not called and the final level is below the downside threshold, payment at maturity may be less than principal, exposing holders to the underlying's negative return. Estimated initial value range is $9.39 to $9.64 per Note; any payment remains subject to UBS creditworthiness.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to NVIDIA Corporation common stock, maturing March 6, 2028. Each Note has a principal amount of $10, a minimum investment of 100 Notes, and an estimated initial value of $9.74 as of the trade date. The Notes pay a contingent coupon only if the underlying closing level on an observation date is at or above the coupon barrier; they will be automatically called early if the underlying closes at or above the initial level on any prior observation date. If not called, repayment of principal at maturity is contingent: full principal is returned only if the final level is at or above the downside threshold (example: 75.00% of initial level); if the final level is below that threshold, the cash payment equals $10 x (1 + underlying return), which can result in a large loss, including total loss of principal. Payments on the Notes, including any principal repayment, are subject to the creditworthiness of UBS.

UBS AG offers Trigger Autocallable Contingent Yield Notes linked to Blackstone Inc. stock due March 6, 2028. The Notes pay a contingent coupon only if the underlying closing level on an observation date is at or above the coupon barrier, and 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, repayment of principal at maturity is contingent: if the final level is at or above the downside threshold, investors receive the $10 principal; if below, repayment equals $10 x (1 + underlying return), exposing holders to the underlying's negative return, potentially a total loss. Trade date is March 4, 2026, settlement March 6, 2026. Minimum investment is 100 Notes ($1,000); estimated initial value is $9.75 per Note. All payments are subject to the creditworthiness of UBS AG.

UBS AG priced a preliminary offering of Trigger Autocallable Contingent Yield Notes linked to the common stock of NVIDIA Corporation, due on or about March 6, 2028. The trade date is March 4, 2026 with settlement on March 6, 2026.

The Notes pay a contingent coupon on each coupon payment date only if the closing level of the underlying equals or exceeds a coupon barrier on the observation date; otherwise no coupon is paid. The Notes are auto-called early if the underlying closes at or above the initial level on any observation date, in which case holders receive principal plus any contingent coupon. If not auto-called, principal repayment at maturity is contingent: if the final level is at or above the downside threshold you receive the $10 principal; if below, repayment declines pro rata to the underlying return, and you could lose all principal.

Hypothetical terms show a $10 principal example, a downside threshold and coupon barrier at $75.00 (75.00% of the initial level), and an illustrative contingent coupon rate of 19.63% per annum. The estimated initial value range is $9.41 to $9.66 per Note. All payments are subject to UBS credit risk.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Block, Inc., due March 6, 2031. The notes pay periodic contingent coupons only if the closing level of the underlying asset on an observation date meets or exceeds the coupon barrier; otherwise no coupon is paid. The notes are automatically called early if the underlying closes at or above the initial level on any quarterly observation date beginning about six months after issuance; upon an automatic call holders receive the principal plus any contingent coupon due on the corresponding call settlement date.

If the notes are not called, principal repayment at maturity is contingent: if the final level is at or above the downside threshold (stated as $50.00 in the examples, equal to 50.00% of the initial level), UBS will repay principal; if the final level is below the downside threshold, repayment falls with the underlying return and investors can lose up to their entire investment. Minimum investment is 100 notes at $10 per note; the estimated initial value on the trade date is $9.70. Any payment depends on UBS’s creditworthiness.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Blackstone Inc. The preliminary pricing supplement sets the trade date as March 4, 2026, expected settlement on March 6, 2026, final valuation on March 2, 2028 and maturity on March 6, 2028.

The Notes pay periodic contingent coupons only if the closing level of the underlying asset on observation dates meets or exceeds a coupon barrier and feature an automatic call if the underlying equals or exceeds the initial level on any observation date prior to maturity. If not called, principal repayment at maturity is contingent on the final level relative to a downside threshold; a final level below that threshold would cause a loss proportionate to the underlying return. The offering minimum is 100 Notes at $10 per Note (a $1,000 minimum). UBS states estimated initial value range of $9.44 to $9.69 per Note and emphasizes that payments are subject to the creditworthiness of UBS.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Broadcom Inc. common stock due March 6, 2028. The Notes pay a contingent coupon only when the underlying closing level on an observation date is at or above the coupon barrier; otherwise no coupon is paid.

The Notes are subject to automatic early call if the underlying closing level on any observation date prior to the final valuation date is at or above the initial level, in which case UBS will pay principal plus any contingent coupon on the related coupon payment date. If not called, repayment at maturity depends on the final level relative to the downside threshold: if final level is at or above the downside threshold, UBS pays the principal; if below, repayment is reduced proportionally to the underlying return and you can lose a substantial portion or all of your investment. The Notes require a minimum investment of 100 Notes ($1,000) and have an estimated initial value of $9.78 per Note as of the trade date.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Block, Inc., due on or about March 6, 2031. The notes pay a contingent coupon only if the underlying closing level meets a coupon barrier on observation dates and will be automatically called if the underlying closes at or above the initial level on any quarterly observation date beginning after six months.

If not called, principal is repaid at maturity only if the final level is at or above a downside threshold; if below, repayment at maturity is reduced proportionally to the underlying return, and investors could lose a substantial portion or all of their investment. The principal amount per Note is $10; an illustrative contingent coupon is $0.3253 (13.01% per annum) and an example loss payment shown is $3.00 per Note in an adverse scenario. Payments are subject to UBS creditworthiness.

UBS AG is offering preliminary terms for Trigger Autocallable Contingent Yield Notes linked to the common stock of Broadcom Inc., maturing on or about March 6, 2028. The notes pay periodic contingent coupons only if the underlying closing level on observation dates meets a coupon barrier and are automatically called if the underlying equals or exceeds the initial level on any observation date prior to maturity.

Key dates: trade date March 4, 2026, settlement March 6, 2026, final valuation date March 2, 2028, maturity March 6, 2028. Minimum investment is 100 Notes at $10 per Note. UBS states a range for the estimated initial value of each Note of $9.44 to $9.69. The preliminary supplement lists a hypothetical contingent coupon rate of 14.79% per annum and examples showing potential full principal loss if the final level is below the downside threshold of $60.00 (60.00% of the initial level).

UBS AG is offering $450,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Advanced Micro Devices, Inc., due March 6, 2028. The Notes pay a contingent coupon on each coupon payment date only if the underlying closing level on the applicable observation date is equal to or greater than the coupon barrier; otherwise no coupon is paid. UBS will automatically call the Notes early if the underlying closing level on any bimonthly observation date (beginning after six months) is equal to or greater than the initial level; an early call pays principal plus the contingent coupon for that observation date. If not called, principal is repaid at maturity only if the final level is at or above the downside threshold (60% of the initial level in the examples). If the final level is below the downside threshold, repayment at maturity will be reduced proportionally to the underlying return and investors can lose a substantial portion or all of their principal. The Notes are unsecured obligations of UBS and any payments are subject to UBS's creditworthiness. Trade date is March 4, 2026, settlement March 6, 2026, final valuation date March 2, 2028, and maturity March 6, 2028.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of NVIDIA Corporation due March 6, 2029. The notes pay periodic contingent coupons only if the underlying closes at or above the coupon barrier on scheduled observation dates and will be automatically called 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 $10 principal; if the final level is below that threshold you may receive less than principal, with losses equal to the underlying return (potentially a total loss). Trade date is March 4, 2026 with settlement on March 6, 2026. Minimum investment is 100 Notes at $10 per Note ($1,000). The estimated initial value is $9.70 per Note. Payments are subject to UBS creditworthiness and the Notes will not be listed on an exchange.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Advanced Micro Devices, Inc. The Notes have a trade date of March 4, 2026, expected settlement on March 6, 2026, a final valuation date of March 2, 2028 and a maturity date of March 6, 2028.

The Notes pay contingent coupons only when the underlying closing level on an observation date is equal to or above a coupon barrier; they are automatically called if the underlying closing level on any bimonthly observation date (beginning after six months) is equal to or greater than the initial level. If not called, principal is repaid at maturity only if the final level is equal to or greater than the downside threshold; otherwise principal is reduced in proportion to the underlying return, potentially resulting in total loss.

Minimum investment is 100 Notes at $10 per Note ($1,000). UBS estimates the initial value per Note to be between $9.42 and $9.67 as of the trade date. All payments, including any contingent coupons and principal, are subject to the creditworthiness of UBS. This document is a preliminary pricing supplement and the final terms will be set on the trade date.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of NVIDIA Corporation with an expected trade date of March 4, 2026, settlement on March 6, 2026, a final valuation date of March 2, 2029 and maturity on March 6, 2029. Each Note has a hypothetical principal amount of $10 and a sample contingent coupon rate of 12.47% per annum (sample coupon $0.3118 per $10 Note).

The Notes pay contingent coupons only if the underlying closing level meets a coupon barrier on observation dates, and will automatically redeem early if the underlying equals or exceeds the initial level on an observation date. If not called, principal repayment at maturity is contingent: full principal is paid only if the final level is at or above a disclosed downside threshold; otherwise investors suffer a loss linked to the underlying return. The estimated initial value range as of the trade date is $9.36 to $9.61. Minimum investment is 100 Notes (representing $1,000). Payments are subject to UBS credit risk.

UBS AG offers a preliminary pricing supplement for Trigger Autocallable Contingent Yield Notes linked to the least performing of the Nasdaq-100® Technology Sector, the Russell 2000® Index and the S&P 500® Index, callable monthly and due on or about February 15, 2028.

Key disclosed terms include a contingent coupon rate of 11.70% per annum, a trade and strike date of March 10, 2026, settlement on March 13, 2026, final valuation on February 10, 2028, an issue price of $1,000.00 per Note and an estimated initial value range of $954.90 to $984.90. Proceeds to UBS per Note are stated as at least $992.75, with an underwriting discount up to $7.25.

UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the Dow Jones Industrial Average®, Russell 2000® and the Nasdaq-100® Technology Sector, with a stated contingent coupon rate of 13.35% per annum for the Dow component. The Notes are callable by UBS monthly beginning approximately three months after issuance and mature on or about March 15, 2029. Contingent coupons are payable only if each underlying asset is at or above its coupon barrier on an observation date; otherwise no coupon is paid for that date. At maturity, if any underlying asset’s final level is below its downside threshold (set at 70.00% of its Initial Level for each index), the cash payment per Note will reflect the percentage decline of the least performing underlying asset and could result in a substantial loss or total loss of principal. The estimated initial value on the trade date is stated as between $958.30 and $988.30, the issue price is $1,000.00 per Note, and underwriting discount is $6.00 per Note with proceeds to UBS of $994.00 per Note. All payments are subject to the creditworthiness of UBS and the Offering Documents must be delivered in final form prior to sale.

UBS AG is offering Digital S&P 500® Index-Linked Medium-Term Notes that pay no interest and whose cash payoff at maturity is linked to the S&P 500 closing level measured from the trade date to a determination date expected 13–15 months later.

The notes have a 15.00% buffer (buffer level = 85.00% of the initial underlier level) and a capped positive payoff (cap level expected between 107.31% and 108.57% of the initial underlier level), producing a maximum settlement amount expected to be between $1,073.10 and $1,085.70 per $1,000 face amount. If the final underlier level is below the buffer, losses accrue at ~1.1765% of face for each 1% decline below the buffer; you can lose your entire investment. The estimated initial value on the trade date is expected to be between $957.00 and $987.00 per $1,000 face amount, while the issue price is 100% of face; underwriting discount is 1.09%.

UBS AG offers Capped GEARS linked to the Russell 2000® Index due April 30, 2027 in a $1,035,000 issuance (1,035 Securities at $1,000 each). The notes pay at maturity an amount tied to the underlying return of the Russell 2000® between the February 27, 2026 strike date and the April 27, 2027 final valuation date.

If the underlying return is positive, payment equals principal plus the lesser of (a) underlying return × upside gearing 3.00 or (b) the maximum gain 23.90% (maximum payment $1,239.00). If the underlying return is zero, holders receive principal. If negative, holders lose a percentage equal to the underlying return and could lose all principal. Payments depend on UBS creditworthiness. The estimated initial value was $989.00 on the trade date.

UBS AG priced a preliminary offering of Capped Buffer Contingent Absolute Return Securities linked to the least performing of the Dow Jones Industrial Average® and the S&P 500® Index. The securities have a $1,000 principal per Security, an expected trade date of March 31, 2026, settlement on April 6, 2026, a final valuation date of September 30, 2027 and maturity on October 5, 2027, for a term of approximately 18 months.

The terms specify a 15.00% buffer, a 17.00% maximum upside gain (maximum payment $1,170.00) and a capped contingent absolute return up to 15.00%. The estimated initial value range on the trade date is $958.20 to $988.20. Underwriting compensation is up to $7.25 per Security and minimum proceeds to UBS AG per Security are at least $992.75.

UBS AG offers $3,331,000 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 8, 2029.

The notes pay a 12.50% per annum contingent coupon only if each underlying index is at or above its coupon barrier on each observation date. UBS may call the notes on monthly observation dates beginning about six months after issuance; if not called, principal repayment at maturity is contingent on the least performing underlying asset meeting its 70% downside threshold, otherwise investors suffer a loss equal to that asset’s negative return. The issue price per note is $1,000 and the estimated initial value per note determined by UBS’ models is $970.70.

UBS AG files a preliminary pricing supplement for capped leveraged buffered S&P 500® index-linked medium-term notes. The notes have an upside participation rate of 160.00%, a 15.00% buffer (buffer rate ≈ 117.65%), and a cap level expected between 111.18% and 113.15% of the initial underlier level. The maximum settlement amount is expected to be between $1,178.88 and $1,210.40 per $1,000 face amount. The term is expected to be between 21 and 24 months. The estimated initial value on the trade date is expected to be between $967.00 and $997.00 per $1,000 face amount, while the issue price is 100.00% of face amount. These are non-interest bearing, unsecured notes; you can lose some or all of your investment and the payment is subject to UBS credit risk.

UBS AG is offering 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. Each Note has a Principal Amount of $1,000, a contingent coupon rate shown on the cover of 14.55% per annum and is callable by UBS on monthly observation dates beginning after three months. If UBS calls a Note, holders receive principal plus any contingent coupon otherwise due on the call settlement date. If UBS does not call the Notes, repayment at maturity depends on the final levels of each underlying asset: if every underlying asset is at or above its downside threshold (specified as 70.00% of its initial level on the cover), holders receive principal; if any underlying asset is below its downside threshold, the payment at maturity declines proportionately to the negative return of the least performing underlying asset and could result in a substantial loss, including total loss. Trade date and expected settlement are shown as March 20, 2026 and March 25, 2026, with a final valuation date of March 20, 2029 and maturity on or about March 23, 2029. The estimated initial value on the trade date is stated as between $948.10 and $978.10. All payments are subject to UBS credit risk.

UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the Dow Jones Industrial Average, Russell 2000 and EURO STOXX 50. The notes have a principal amount of $10 per Note, a contingent coupon rate of 13.00% per annum (if each underlying asset meets its coupon barrier on every trading day of an observation period), and observation periods with quarterly coupon payment dates. The trade date is March 4, 2026, settlement March 6, 2026 and scheduled maturity December 6, 2028.

The notes are issuer-callable on each observation end date (other than the final valuation date); if called, holders receive principal plus any contingent coupon then due. At maturity, if no call occurs and every underlying asset is at or above its downside threshold (equal to 60.00% of its initial level), holders receive principal; otherwise the cash payment equals $10 times (1 + underlying return of the least performing underlying asset), which can result in substantial loss, including loss of all principal. Minimum purchase is 100 Notes ($1,000). The estimated initial value range is $9.59 to $9.89.

UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the S&P 500®, Russell 2000® and Nasdaq-100® Technology Sector. The Notes pay a contingent coupon of 12.75% per annum only when each underlying meets its coupon barrier and are issuer-callable monthly beginning after six months. The Notes have downside thresholds of 70.00% of initial levels and coupon barriers of 75.00%. If not called and any final level is below its downside threshold, principal repayment is reduced pro rata to the loss in the least performing underlying asset. The preliminary estimated initial value is between $955.20 and $985.20 and the issue price per Note is $1,000.00 with underwriting compensation of $2.50 per Note; final terms will be set on the strike date.

UBS AG offers Airbag Callable Contingent Yield Notes linked to the least performing of the Global X Copper Miners ETF (COPX), the State Street Energy Select Sector SPDR ETF (XLE) and the State Street SPDR S&P Metals & Mining ETF (XME), maturing September 9, 2026. Each Note has a $1,000 principal amount, a contingent coupon rate of 15.00% per annum (contingent coupon = $12.50 per period) and is callable by UBS on monthly observation dates beginning after three months.

The initial levels were set on the strike date March 3, 2026; coupon barriers and downside thresholds are 75.00% of initial levels (threshold percentage = 25.00%) and downside leverage is approximately 1.3333. If not called, repayment at maturity depends on the least performing underlying asset and may result in a principal loss; estimated initial value range on the trade date was $941.50–$971.50.

UBS AG is offering Buffer Autocallable Contingent Yield Notes linked to the least performing of the Russell 2000® Index and the S&P 500® Index. The preliminary pricing supplement dated March 4, 2026 shows a contingent coupon of 6.70% per annum (illustrated), monthly observation dates with the first call opportunity callable after 12 months, a strike/trade date of March 27, 2026, a final valuation date of March 27, 2031 and a maturity date of April 1, 2031. The terms include a 15% buffer, call threshold of 100% of the initial level, downside thresholds of 85% of initial levels and coupon/coupon-barrier mechanics described in the supplement. Payments, including any contingent coupons or principal repayment, are subject to UBS credit risk and the final pricing supplement will set the definitive terms.

UBS AG is offering Contingent Income Auto-Callable Securities linked to the worst performing of the common stock of Intuit Inc. and ServiceNow, Inc.. The securities have a pricing date expected to be March 4, 2026, an original issue date expected to be March 9, 2026, and a maturity date expected to be March 9, 2028.

Each security has a stated principal amount of $1,000.00. A contingent payment of $20.00 (equivalent to 24.00% per annum) may be paid on scheduled contingent payment dates only if the closing prices of both underlying equities meet or exceed their coupon barrier levels (60% of initial price). If the securities are not called and any underlying final price is below its downside threshold (60% of initial price), investors may suffer significant loss of principal up to a total loss. All payments are subject to UBS AG credit risk.

UBS AG is offering 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 have a principal amount of $1,000 per Note, an expected term of approximately 4.5 years, a contingent coupon rate of 12.45% per annum (payable only if each underlying asset meets its coupon barrier on an observation date), and monthly observation dates; final terms will be set on the trade date.

The trade date is March 13, 2026, settlement is expected March 18, 2026, the final valuation date is September 13, 2030 and the maturity date is September 18, 2030. The estimated initial value range is $955.70 to $985.70, before the underwriting discount and other costs.

UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the Russell 2000® Index and the S&P 500® Index. The Notes pay a contingent coupon of 8.35% per annum if both underlyings meet coupon barriers and are callable by UBS after 12 months.

The strike date is March 3, 2026, the final valuation date is March 5, 2029 and maturity is March 8, 2029. Initial levels were RTY 2,608.357 and SPX 6,816.63; coupon barriers are 70.00% and downside thresholds are 50.00% of initial levels. Principal repayment at maturity is contingent: if any underlying is below its downside threshold you may suffer a loss equal to the decline of the least performing underlying. Issue price per Note is $1,000, underwriting discount $2.50, proceeds to UBS $997.50. All payments are subject to UBS credit risk.

UBS AG is offering 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, with a term of approximately four years and monthly observation dates. The notes pay a contingent coupon of 13.40% per annum if, on an observation date, the closing level of each underlying asset is at or above its coupon barrier (each coupon barrier = 75.00% of its initial level). UBS may call the notes in whole (not in part) on any observation date beginning after six months; if called, holders receive principal plus any contingent coupon then due. If not called and any final level is below its downside threshold (also 75.00% of initial level), holders suffer a loss equal to the percentage decline of the least performing underlying asset and could lose all principal. Payments are subject to UBS credit risk; estimated initial value is between $956.90 and $986.90 per $1,000 note and the issue price includes an underwriting discount of $6.50 per note.

UBS AG is offering 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 have a principal amount of $1,000 per Note, a contingent coupon rate of 12.10% per annum payable only if each underlying asset meets a 70.00% coupon barrier on an observation date, and a 60.00% downside threshold for contingent principal protection at maturity. The Notes are callable by UBS in whole (but not in part) on monthly observation dates beginning approximately six months after the trade date; if called UBS pays principal plus any contingent coupon due. Trade date is shown as March 20, 2026, settlement March 25, 2026, final valuation date March 20, 2029 and maturity March 23, 2029. The estimated initial value range is $961.00 to $991.00 and the issue price is $1,000.00 (underwriting discount $5.00, proceeds to UBS $995.00). Purchasers bear both the market risk of the least performing underlying asset and UBS credit risk; in certain outcomes you could lose a significant portion or all of your initial investment.

UBS AG offers preliminary terms for Trigger Callable Contingent Yield Notes linked to the S&P 500® Index, with a $1,000 principal per Note and a contingent coupon rate of 8.10% per annum. Trade date is March 13, 2026 with expected settlement on March 18, 2026; final valuation is December 13, 2027 and maturity is December 16, 2027.

The Notes pay periodic contingent coupons only if the closing level of the index is at or above a coupon barrier equal to 70.00% of the initial level. UBS may call the Notes monthly beginning after six months. At maturity, if the final level is below the downside threshold of 70.00% of the initial level, principal repayment is contingent and investors may suffer losses up to the full principal amount. The estimated initial value range is $960.80 to $990.80; issue price is $1,000.00 with underwriting compensation up to $6.75 per Note.

UBS AG is offering preliminary Trigger Callable Contingent Yield Notes linked to the least performing of the Nasdaq-100 Index and the S&P 500 Index. The notes pay a contingent coupon only if each underlying meets its coupon barrier; the contemplated contingent coupon rate is 9.00% per annum and the downside thresholds and coupon barriers are 70.00% of each initial level. The notes are callable by UBS monthly beginning after approximately 12 months; if called UBS will pay principal plus any contingent coupon then due. If not called and any final level is below its downside threshold, repayment at maturity will be reduced proportionally to the decline of the least performing underlying asset, and you could lose a significant portion or all of your investment. The issue price per note is $1,000.00, estimated initial value range is $959.30 to $989.30, underwriting discount is up to $9.50, and proceeds per note will be at least $990.50. Final economic terms will be set on the strike date and are subject to the final pricing supplement.

UBS AG is offering $590,000 of Trigger Autocallable Contingent Yield Notes with Memory Interest linked to the common stock of Block, Inc. due August 31, 2027. Each Note has a principal amount of $1,000 and a contingent coupon rate of 18.03% per annum.

The initial level of the underlying is $63.70, which also serves as the call threshold (100.00% of the initial level); the coupon barrier and downside threshold are $38.22 (60.00% of the initial level). Observation dates are quarterly; trade date is February 27, 2026 with expected settlement on March 4, 2026. The estimated initial value per Note is $963.90. Payments (contingent coupons, early call or principal at maturity) depend on observed closing levels and are subject to UBS credit risk; in certain scenarios you could lose a significant portion or all of your investment.