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 Netflix, Inc., due March 5, 2027. The Notes pay a contingent coupon on each coupon payment date only if the underlying closing level on the 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 closing level on any observation date prior to the final valuation date is equal to or greater than the initial level, in which case UBS will pay principal plus any contingent coupon on the related call settlement date. If not called, principal repayment at maturity is contingent: if the final level is below the downside threshold you will suffer a loss equal to the underlying return, and in extreme cases could lose all of your investment. Trade date is March 3, 2026, settlement March 5, 2026, final valuation date March 3, 2027, and maturity March 5, 2027. The Notes are offered in minimum increments of 100 Notes at $10 per Note (minimum $1,000). The estimated initial value as of the trade date is $9.75, and all payments are subject to UBS credit risk.

UBS AG published a preliminary pricing supplement for $• Trigger Autocallable Contingent Yield Notes linked to the common stock of Bank of America Corporation, maturing on or about March 6, 2028. The trade date is March 3, 2026 with expected settlement March 5, 2026 and a final valuation date of March 2, 2028.

The Notes pay periodic contingent coupons only when the underlying closes at or above a coupon barrier on observation dates and are autocallable if the underlying equals or exceeds the initial level on any semiannual observation date beginning after 12 months. If not called, principal repayment at maturity is contingent on the final level relative to a downside threshold (example: $10 principal, coupon barrier and downside threshold at 70% of initial level; example coupon rate shown 9.87% per annum). The issuer credit risk of UBS applies and investors may lose a significant portion or all principal.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Netflix, Inc., due on or about March 5, 2027. The Notes pay contingent coupons only if observation-date closing levels meet a coupon barrier and may be automatically called if the underlying equals or exceeds the initial level on an observation date. Principal is repaid at maturity only if the final level is at or above a downside threshold; otherwise repayment falls below principal and can result in a loss up to the entire initial investment. Trade date is March 3, 2026 with settlement March 5, 2026. Notes are sold in $10 denominations ($10 per Note), minimum 100 Notes. The estimated initial value range at pricing is stated as $9.49 to $9.74. All payments are subject to the creditworthiness of UBS.

UBS AG files a preliminary pricing supplement for Capped Buffer Securities linked to the S&P 500® Index due on or about April 6, 2027. The offering is structured with a $1,000 principal per Security, a minimum Maximum Gain of 11.20%, a 15.00% buffer and a stated range for estimated initial value of $960.90–$990.90. Trade date is March 31, 2026 with expected settlement on April 6, 2026. Payments at maturity depend on the underlying return relative to the downside threshold; contingent repayment of principal applies only at maturity and is subject to UBS credit risk. Final terms will be set on the trade date.

UBS AG is offering $15,025,000 of Contingent Income Auto-Callable Securities with Memory Coupon linked to the common stock of Capital One Financial Corporation. Each security has a stated principal amount of $1,000.00, an issue price of $1,000.00 and matures on March 2, 2029 (subject to postponement for market disruption events). The securities pay a contingent payment of $26.375 per security (equivalent to 10.55% per annum) on specified contingent payment dates only if the underlying closing price on a determination date is at or above the downside threshold of $127.17 (which equals 65.00% of the initial price of $195.64). If the closing price meets or exceeds the call threshold of $195.64 on an interim determination date, the securities will be redeemed early for the stated principal plus the contingent payment(s). If not redeemed and the final price is below the downside threshold, holders receive a cash value calculated by the exchange ratio and will be exposed to losses, possibly up to the full principal. Payments are unsecured obligations of UBS AG and subject to UBS credit risk.

UBS AG is offering $4,286,000 of Capped Performance Leveraged Upside Securities ("Capped PLUS") linked to the Russell 2000® Index, maturing April 30, 2027. Each Capped PLUS has a stated principal amount of $1,000.00.

The securities provide 3.0× leverage on positive index returns up to a 20.46% cap, producing a maximum payment at maturity of $1,204.60 per Capped PLUS. Holders are fully exposed to negative index performance and could lose some or all principal; there is no periodic interest or dividend entitlement. Payments depend on UBS’s creditworthiness.

UBS AG is offering $17,340,000 of Contingent Income Auto-Callable Securities due March 2, 2029 linked to the common stock of Citigroup Inc. Each $1,000 security pays a potential contingent payment of $25.50 (10.20% per annum) on specified quarterly determination dates if the closing price is at or above the downside threshold of $66.11 (60.00% of the initial price). The securities auto-redeem early if the underlying equals or exceeds the call threshold of $110.19 on a determination date; otherwise, at maturity holders receive a cash value equal to the exchange ratio times the final price. The securities do not guarantee return of principal and are unsecured obligations of UBS AG, subject to UBS credit risk and possible cash settlement in lieu of shares.

UBS AG offers $395,000 of Trigger Callable Contingent Yield Notes linked to the least performing of the Nasdaq-100, Russell 2000 and S&P 500. The Notes pay a contingent coupon of 10.05% per annum if each index is at/above its coupon barrier on an observation date; otherwise no coupon is paid.

The Notes are issuer-callable beginning after three months; if called UBS will pay principal plus any contingent coupon on the call settlement date. At maturity on March 2, 2029, principal is repaid in full only if every index is at/above its downside threshold; otherwise repayment is reduced pro rata by the negative return of the least performing index. The estimated initial value was $986.30 and trade/settlement dates are February 27, 2026 and March 4, 2026.

UBS AG is offering $24,341,000 of Contingent Income Auto-Callable Securities with Memory Coupon due March 2, 2029, linked to the ADRs of Taiwan Semiconductor Manufacturing Company Limited (TSM). Each security has a stated principal amount of $1,000.00, an initial price and call threshold of $374.58, and a downside threshold of $187.29 (50.00% of the initial price).

The securities pay a contingent payment of $28.125 (equivalent to 11.25% per annum) on specified contingent payment dates only if the closing price on the corresponding determination date is at or above the downside threshold. They may be auto‑redeemed early if the closing price meets or exceeds the call threshold on a non‑final determination date. If not redeemed and the final price is below the downside threshold, holders receive a cash value tied 1:1 to the ADR final price and may lose a significant portion or all principal. All payments are subject to UBS AG credit risk.

UBS AG is offering $10,200,000 of Contingent Income Auto-Callable Securities due March 2, 2029 linked to shares of the iShares® Expanded Tech-Software Sector ETF (ticker IGV). The securities pay a contingent payment of $34.50 per security per observation period (13.80% per annum) if the underlying closes at or above the coupon barrier of $61.18 (75.00% of the initial price) on every trading day of that period. Early redemption occurs if the underlying equals or exceeds the call threshold of $81.57 on an observation end date. If not called and the final price is below the downside threshold of $53.02 (65.00% of the initial price), investors receive a cash value tied 1:1 to the underlying and may lose a significant portion or all principal. Payments are unsecured and subject to UBS AG credit risk.

UBS AG is offering $960,000 of Trigger Autocallable Contingent Yield Notes with Memory Interest linked to Delta Air Lines common stock. The Notes have a $1,000 principal per Note, an initial level of $65.70, a contingent coupon rate of 10.80% per annum, a call threshold equal to $65.70 (100% of initial level), and a downside threshold and coupon barrier equal to $32.85 (50% of initial level). The term is approximately three years with trade date February 27, 2026, settlement March 4, 2026, final valuation date February 27, 2029, and maturity March 2, 2029. Payments (contingent coupons, call settlement and any principal repayment) are subject to the creditworthiness of UBS and the Notes may be automatically called if the underlying meets the call threshold on an observation date. The Notes can result in full downside market exposure at maturity if the final level is below the downside threshold.

UBS AG is offering Capped Buffer Contingent Absolute Return Securities linked to the least performing of the Dow Jones Industrial Average and the S&P 500 maturing on September 30, 2027. The securities have a $1,000 principal amount per security and an approximate term of 18 months.

Key economic terms: 17.00% maximum upside gain, a 15.00% buffer/downside threshold at 85.00% of initial levels, contingent absolute return capped at 15.00%. Trade date is March 26, 2026, settlement March 31, 2026, final valuation date September 27, 2027. Estimated initial value range: $958.20 to $988.20; issue price per security: $1,000. Underwriting discount up to $7.25; proceeds to UBS at least $992.75.

UBS AG offers $2,556,000 of Trigger Callable Contingent Yield Notes linked to the least performing of three ETFs. Each Note has a $1,000 principal amount, a contingent coupon rate of 17.80% per annum, a strike date of February 25, 2026, a trade date of March 2, 2026, and a maturity date of January 30, 2030.

The Notes pay a contingent coupon on each observation date only if the closing level of every underlying ETF meets its coupon barrier; UBS may call the Notes in whole on monthly observation dates beginning after three months. If not called, principal repayment at maturity is contingent: full principal is repaid only if every underlying ETF's final level is at or above its downside threshold, otherwise repayment is reduced by the negative return of the least performing underlying asset, potentially causing a substantial or total loss. The estimated initial value on the trade date was $977.10 and the issue price was $1,000.00. All payments are subject to UBS credit risk.

UBS AG is offering Buffer Autocallable Contingent Yield Notes linked to the least performing of the VanEck® Gold Miners ETF and the State Street® Energy Select Sector SPDR® ETF. The Notes have a principal amount of $1,000 per Note and an expected term of approximately two years unless automatically called.

Key terms: contingent coupon rate of 14.85% per annum payable only if both underlying assets meet coupon barriers on monthly observation dates; automatic quarterly call beginning after six months if both underlyings meet 100.00% call thresholds; downside protections include an 20.00% buffer with coupon barriers and downside thresholds at 80.00% of initial levels. Trade date is March 26, 2026, settlement March 31, 2026, final valuation March 27, 2028, maturity March 30, 2028. The estimated initial value range is $931.90 to $961.90, with issue price set at $1,000.00 and an underwriting discount of up to $26.00 per Note.

UBS AG is offering $1,389,000 of Trigger Callable Contingent Yield Notes due September 1, 2027 linked to the least performing of the Russell 2000® Index and the S&P 500® Index. The Notes pay a contingent coupon of 10.40% per annum if both indices meet their coupon barriers on an observation date; otherwise no coupon is paid.

The strike (initial) levels were set on February 27, 2026 (Russell 2000: 2,632.361; S&P 500: 6,878.88) with coupon barriers and downside thresholds equal to 65.00% of initial levels. Observation dates are monthly (callable by UBS after ~3 months). If UBS calls early, holders receive principal plus any contingent coupon due on the call settlement date. If not called and any final index level is below its downside threshold, principal at maturity is reduced pro rata to the negative return of the least performing underlying asset. The estimated initial value as of the trade date was $994.80, and the issue price was $1,000.00 per Note.

UBS AG priced a preliminary offering of Trigger Callable Contingent Yield Notes linked to the least performing of the S&P 500® and the Nasdaq-100®, due on or about March 14, 2028. The notes pay a contingent coupon of 9.00% per annum only if each underlying meets coupon barriers on observation dates and are callable monthly by UBS beginning after approximately 12 months.

The notes have downside thresholds of 70.00% of initial levels; if any final level is below its threshold and UBS does not call, principal repayment at maturity will be reduced in proportion to the least performing underlying asset. The issue price is $1,000 per note, with estimated initial value between $959.00 and $989.00 and underwriting compensation of up to $8.50 per note.

UBS AG offers Capped Buffer Contingent Absolute Return Securities linked to the least performing of the Dow Jones Industrial Average and the S&P 500, maturing on or about September 30, 2027. The Securities have a $1,000 principal amount per Security, an expected term of approximately 18 months, a 15.00% buffer and a 12.00% maximum upside gain (maximum payment per Security of $1,120.00). Trade date is expected to be March 26, 2026 with settlement on March 31, 2026 and final valuation on September 27, 2027. The estimated initial value range on the trade date is between $940.40 and $970.40, the underwriting discount may be up to $22.25 per Security and proceeds to UBS per Security are at least $977.75. Payments at maturity depend on the percentage change in the least performing underlying asset, are subject to the buffer and cap, and are contingent on UBS creditworthiness.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the least performing of the SPDR® Dow Jones® Industrial Average℠ ETF (DIA) and the State Street® Energy Select Sector SPDR® ETF (XLE).

The notes have a trade date of March 4, 2026, expected settlement on March 9, 2026, quarterly observation dates (callable after six months), a final valuation date of March 5, 2029 and a maturity date of March 8, 2029. Contingent coupon rates will be set on the trade date in the disclosed range of 9.60% to 10.30% per annum. The notes are offered at $10 per Note with a minimum investment of 100 Notes, and UBS estimates an initial value range of $9.315 to $9.615 per Note.

The notes pay contingent coupons only if both underlying ETF closing levels meet coupon barriers on observation dates, can be automatically called if both meet call thresholds, and return principal at maturity only if downside thresholds are met; otherwise holders are exposed to the negative return of the least performing underlying asset and UBS credit risk.

UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the S&P 500®, Russell 2000® and Nasdaq-100®, due on or about April 5, 2029. The notes pay a contingent coupon of 12.35% per annum when each underlying meets its coupon barrier and are callable monthly by UBS beginning about three months after issuance.

The notes feature coupon barriers at 75.00% of initial levels and downside thresholds at 70.00%. If any final underlying level is below its downside threshold and UBS does not call, principal repayment at maturity will be reduced proportionally to the least performing underlying asset. Estimated initial value is between $956.80 and $986.80; issue price per note is $1,000.00 with proceeds to UBS of at least $991.00, subject to the final pricing supplement.

UBS AG offers Trigger Callable Contingent Yield Notes linked to the least performing of the S&P 500® Index and the Nasdaq-100® Technology Sector, due on or about April 5, 2029. The Notes pay a contingent coupon only if each underlying's closing level on an observation date meets its coupon barrier; the stated contingent coupon rate in the preliminary terms is 10.85% per annum. The Notes are issuer-callable monthly beginning after ~6 months; if called you receive principal plus any accrued contingent coupon on the call settlement date. At maturity, if any underlying's final level is below its downside threshold (set at 70.00% of its initial level), principal is reduced pro rata 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 $954.20 to $984.20, and per-Note underwriting compensation is up to $7.50, yielding proceeds of at least $992.50 per Note.

UBS AG offers Buffer Callable Contingent Yield Notes linked to the least performing of the Russell 2000® Index and the S&P 500® Index due on or about January 5, 2029. The Notes pay a contingent coupon of 12.75% per annum on an observation date only if both underlyings close at or above their coupon barriers; otherwise no coupon is paid.

The issuer may call the Notes in whole (but not in part) on monthly observation dates beginning after six months; if called, holders receive principal plus any contingent coupon due on the call settlement date. If not called, maturity payoff is $1,000 per Note if each underlying is at or above its downside threshold (85% of initial level); if the least performing underlying finishes below that threshold, final payment equals $1,000×(1 + underlying return of the least performing asset + 15.00% buffer), which can produce substantial principal loss. All payments depend on UBS creditworthiness.

UBS AG is offering $2,523,000 of Trigger Callable Contingent Yield Notes linked to the least performing of shares of the iShares Expanded Tech-Software ETF (IGV), the State Street SPDR S&P Regional Banking ETF (KRE) and the State Street Financial Select Sector SPDR ETF (XLF).

The Notes pay a contingent coupon of 16.60% per annum if, on an observation date, each underlying asset's closing level is at or above its coupon barrier; they are issuer-callable (beginning after 3 months), have a principal amount of $1,000 per Note, a strike date of February 25, 2026, a final valuation date of January 25, 2030 and maturity on January 30, 2030. The estimated initial value on the trade date is $973.70 and the issue price is $1,000. If not called, repayment at maturity is contingent: full principal is returned only if each final level is at or above its downside threshold; otherwise repayment can be materially less, potentially resulting in substantial or total loss of principal. All payments are subject to UBS credit risk.

UBS AG previews a Trigger Callable Contingent Yield Notes offering linked to the least performing of the S&P 500, Russell 2000 and Nasdaq-100, due on or about October 5, 2027. The notes pay a contingent coupon of 11.60% per annum when each underlying meets its coupon barrier and are callable monthly by UBS beginning after three months. Principal is repayable at maturity only if each final level is at or above its 70.00% downside threshold; otherwise, repayment is reduced pro rata to the decline of the least performing underlying (potential loss of principal up to 100%). The estimated initial value range is $958.60 to $988.60 and the issue price is $1,000 per note with proceeds to UBS of at least $992.75 per note; underwriting compensation is up to $7.25 per note. The offering is preliminary and subject to final Offering Documents.

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, due on or about March 3, 2028. The notes pay a contingent coupon of 12.45% per annum only if each underlying asset meets its coupon barrier on observation dates; otherwise no coupon is paid. The notes are issuer-callable monthly beginning about three months after issuance and repay principal at maturity only if each final level is at or above a 70.00% downside threshold; otherwise principal is reduced in proportion to the least performing underlying asset and investors could lose all principal. The estimated initial value range is $955.60 to $985.60 per $1,000.00 principal amount and the issue price per note is $1,000.00 with underwriting compensation up to $7.25 per note.

UBS AG offers Trigger Callable Contingent Yield Notes linked to the least performing of three ETFs (IGV, KRE, XLE). The offering size is $2,531,000 with a $1,000 principal amount per Note. The contingent coupon rate is 19.75% per annum; contingent coupons pay only if all three underlying ETFs meet their 70% coupon barriers on each observation date. The strike date is February 25, 2026; trade and settlement dates are March 2, 2026 and March 5, 2026. Final valuation and maturity are January 25, 2030 and January 30, 2030. Principal repayment at maturity is contingent: if any underlying ETF finishes below its 60% downside threshold, repayment will be reduced pro rata to the negative return of the least performing underlying asset. The estimated initial value per Note was $982.50. All payments are subject to UBS credit risk and UBS may call the Notes at its discretion on monthly observation dates beginning after three months.

UBS AG offers Trigger Callable Contingent Yield Notes linked to the least performing of the Nasdaq-100, Russell 2000 and S&P 500. The Notes have a principal amount of $1,000 per Note, an expected trade date of March 31, 2026, settlement on April 6, 2026, a final valuation date of April 2, 2029 and an expected maturity of April 5, 2029.

The Notes pay a periodic contingent coupon only if the closing level of each underlying asset on an observation date is at or above its coupon barrier (set at 75.00% of the initial level) and repay principal at maturity only if each underlying asset’s final level is at or above its downside threshold (set at 60.00% of the initial level). The disclosed contingent coupon rate is 10.85% per annum (illustrative contingent coupon amounts and final terms are set on the trade date). The estimated initial value range is $955.60 to $985.60 and the issue price is $1,000 per Note, with underwriting compensation up to $9.00 and minimum proceeds to UBS of at least $991.00 per Note.

UBS AG is offering preliminary terms for Trigger Callable Contingent Yield Notes linked to the least performing of the S&P 500® Index and shares of the State Street Energy Select Sector SPDR® ETF (XLE), with a final maturity on or about April 5, 2029. The notes pay a contingent coupon (illustratively 11.25% per annum in examples) only when each underlying asset meets its coupon barrier on observation dates and are callable monthly by UBS beginning after ~6 months; if not called, principal repayment at maturity depends on whether each underlying asset is at or above its downside threshold (examples show potential principal loss tied to the least performing underlying asset).

The estimated initial value range shown is $948.90–$978.90 per $1,000 principal, and the issue price includes underwriting compensation and hedging costs (minimum proceeds to UBS of at least $992.50 per Note and underwriting discount up to $7.50 per Note). Payments are unsecured obligations of UBS and subject to UBS credit and Swiss regulatory resolution powers.

UBS AG is offering $2,549,000 principal of Trigger Callable Contingent Yield Notes due January 30, 2030, linked to the least performing of three ETFs (IGV, KRE, XLC). The notes pay a contingent coupon of 17.25% per annum on observation dates if each underlying closes at or above its coupon barrier; otherwise no coupon is paid.

The notes are issuer-callable (beginning after three months) and repay principal at maturity only if each underlying is at or above its downside threshold; if any underlying is below its downside threshold, repayment at maturity will be reduced pro rata to the negative return of the least performing underlying asset. All payments depend on UBS creditworthiness.

UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the S&P 500®, Russell 2000® and Nasdaq-100®, due on or about September 30, 2027. The Notes pay a contingent coupon of 9.00% per annum only if each underlying closing level on an observation date is at or above its coupon barrier; otherwise no coupon is paid.

The Notes are issuer-callable monthly beginning after approximately three months; if called UBS pays principal plus any accrued contingent coupon. At maturity, if any underlying final level is below its downside threshold (each set at 70.00% of its initial level), principal is reduced proportionally to the percentage decline of the least performing underlying asset. The issue price is $1,000.00 per Note, estimated initial value is between $943.40 and $973.40, and underwriting discount is up to $22.25 per Note. All payments are subject to the creditworthiness of UBS and Swiss regulatory resolution powers described herein.

UBS AG is offering Capped Buffer Securities linked to the S&P 500® Index with an expected term of approximately 12 months and maturity on April 6, 2027. The preliminary terms show a principal amount of $1,000 per Security, a buffer of 10.00%, and a minimum Maximum Gain of 13.70% (Minimum Maximum Payment $1,137.00). Key dates include a trade date of March 31, 2026, expected settlement on April 6, 2026, and a final valuation date of April 1, 2027. The estimated initial value range on the trade date is $960.90 to $990.90, and the underwriting discount is $5.00 per Security (proceeds to UBS of $995.00 per Security). Payments at maturity depend on the underlying return, are capped at the Maximum Gain, and are subject to UBS’s creditworthiness.

UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the Nasdaq-100, Russell 2000 and S&P 500. The Notes have a term of approximately three years, are callable by UBS after six months, and mature on March 29, 2029. The contingent coupon rate shown is 9.25% per annum; contingent coupons are paid only if each underlying asset meets its coupon barrier on an observation date. At maturity, if any underlying asset is below its downside threshold, principal repayment is contingent and may result in losses equal to the negative return of the least performing underlying asset; extreme outcomes could result in a total loss. Issue price is $1,000.00 per Note with an estimated initial value range of $937.10 to $967.10. The per Note underwriting discount may be up to $29.00, and proceeds to UBS AG are at least $971.00. All payments are subject to UBS credit risk; the Notes will not be listed on an exchange.

UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the Nasdaq-100 Technology Sector, the Russell 2000 and the S&P 500 due on or about March 9, 2029. The Notes pay a 12.00% per annum contingent coupon only if each underlying meets its coupon barrier on an observation date; UBS may call the Notes monthly beginning after three months. The issue price is $1,000.00 per Note with estimated initial value between $959.90 and $989.90. At maturity investors receive principal only if the final level of every underlying is at or above its 60.00% downside threshold; otherwise repayment is reduced pro rata to the percentage decline of the least performing underlying, potentially resulting in substantial loss, including loss of the entire principal. All payments are subject to UBS credit risk.

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 pay a contingent coupon only if both underlyings meet coupon barriers on each observation date; the stated contingent coupon rate is 7.15% per annum for the Russell 2000 leg. The notes are callable by UBS in whole (not in part) on monthly observation dates beginning after six months. If not called, principal repayment at maturity depends on the least performing underlying: investors benefit from a 15.00% buffer (downside threshold at 85.00% of initial levels) but may lose some or almost all principal if the least performing underlying declines beyond the buffer. Trade, settlement, final valuation and maturity dates are indicated (trade date March 26, 2026, settlement March 31, 2026, final valuation March 27, 2028, maturity March 30, 2028). Any payments are subject to the creditworthiness of UBS. The estimated initial value range is $931.70 to $961.70 per $1,000 note.

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, due on or about March 2, 2028. The notes pay a contingent coupon of 10.10% per annum and are callable monthly beginning approximately three months after issuance. Principal repayment at maturity depends on the final level of each underlying asset relative to a 70.00% downside threshold; if the least performing underlying asset is below its threshold, holders may suffer a loss up to the full principal. The estimated initial value range is $940.10 to $970.10; issue price is $1,000.00 per note with underwriting compensation up to $22.25, yielding per-note proceeds of at least $977.75. All payments are subject to UBS credit risk and the final terms will be set on the strike date.

UBS AG is offering $464,000 of Trigger Callable Contingent Yield Notes linked to the least performing of the Nasdaq-100, Russell 2000 and S&P 500, maturing March 2, 2029. Each Note has a $1,000 principal, a contingent coupon rate of 11.20% per annum and is issuer-callable monthly beginning after three months. Coupon barriers are set at 75.00% of initial levels and downside thresholds at 70.00%. If not called, repayment at maturity equals principal only if every underlying is at or above its downside threshold; otherwise repayment is reduced pro rata to the negative return of the least performing underlying. The estimated initial value per Note is $986.50 and the issue price is $1,000.

UBS AG is offering $1,290,000 of Trigger Callable Contingent Yield Notes linked to the least performing of the Nasdaq-100, Russell 2000 and S&P 500, maturing September 1, 2027.

The Notes pay a fixed 10.35% per annum contingent coupon (equal to $8.625 per $1,000 Note) only on observation dates when the closing level of each underlying asset is at or above its coupon barrier. UBS may call the Notes in whole on monthly observation dates beginning about three months after issuance; if called, holders receive principal plus any contingent coupon then due. If not called, repayment at maturity is contingent: holders receive the $1,000 principal only if the final level of every underlying asset is at or above its downside threshold (70% of initial levels). If any underlying asset is below its downside threshold, the maturity payment is reduced by the percentage decline of the least performing underlying asset, and investors can lose a substantial portion or all of principal. The Notes are unsubordinated unsecured debt of UBS and payments depend on UBS creditworthiness. The estimated initial value on the trade date was $988.40, below the issue price.

UBS AG offers Trigger Autocallable Notes linked to the EURO STOXX 50® Index due on or about March 11, 2031. Each Note has a principal amount of $10 (minimum investment $1,000), an expected term of approximately five years and an estimated initial value between $9.41 and $9.71 on the trade date.

The Notes pay a fixed call return (range: 9.00% to 9.80% per annum) if the EURO STOXX 50® closing level on any quarterly observation date is at or above the call threshold (100% of the initial level in the example). If not called and the final level is below the downside threshold (75% of the initial level), holders suffer a loss equal to the percentage decline in the index; in extreme cases you could lose all principal. All payments are subject to UBS credit risk.

UBS AG offers Trigger Autocallable GEARS linked to the common stock of Diamondback Energy, Inc. (FANG) with a term of approximately three years. The trade date is March 6, 2026, settlement March 11, 2026, observation date March 15, 2027, final valuation date March 6, 2029 and maturity March 8, 2029.

The Securities have a principal amount of $10 per Security (minimum investment 100 Securities). Key economics shown on the cover: Call Return Rate 22.00%, Upside Gearing 1.30 to 1.50, Autocall Barrier 100.00% of the initial level, and Downside Threshold 65.00% of the initial level. The estimated initial value range is $9.354 to $9.654 and the issue price is $10.00 per Security.

UBS AG offers $3,127,000 of Trigger Autocallable Contingent Yield Notes with Memory Interest linked to the least performing of the Russell 2000® Index and the S&P 500® Index due March 2, 2029. The Notes pay semiannual contingent coupons at a 7.35% per annum rate if both indices meet coupon barriers on observation dates and are automatically called early if both indices meet call thresholds on an observation date. If not called, principal is repaid at maturity only if both indices are at or above 70.00% of their initial levels; otherwise repayment at maturity is reduced pro rata to the decline of the least performing index, potentially resulting in a total loss. Trade date is February 27, 2026, settlement March 4, 2026, final valuation date February 27, 2029, and maturity March 2, 2029. Issue price is $1,000 per Note, estimated initial value $974.30, and aggregate offering amount $3,127,000.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the Solactive U.S. Large Cap Volatility Navigator Index with a nominal Principal Amount of $1,000 per Note and an expected term of approximately six years. The Notes pay a contingent coupon at a rate of 18.50% per annum when the underlying closing level meets or exceeds a coupon barrier and are automatically callable beginning after six months if the underlying meets the call threshold.

Key economic terms on the cover include a call threshold of 100.00% of the initial level, a coupon barrier of 70.00% of the initial level and a downside threshold of 50.00% of the initial level. Trade and settlement dates are March 9, 2026 and March 12, 2026, with Final Valuation Date March 9, 2032 and Maturity Date March 12, 2032. The estimated initial value range per Note is $940.70 to $970.70; the issue price is $1,000.00 with an underwriting discount of $7.00, leaving proceeds to UBS of $993.00 per Note.

The Notes do not guarantee periodic coupons or repayment of principal at maturity and are subject to the creditworthiness of UBS. The underlying index is subject to a 6.0% per annum daily decrement, leverage features and limited live history; investors may lose a significant portion or all of their investment.

UBS AG is offering $2,000,000 of Trigger Callable Contingent Yield Notes due March 4, 2031. The Notes pay a monthly contingent coupon at a $10.20% per annum rate if, on each observation date, the closing level of the Russell 2000®, the S&P 500® and shares of the State Street Utilities Select Sector SPDR® ETF are each at or above their coupon barriers. UBS may call the Notes in whole beginning after six months. If not called, principal is contingent: at maturity the holder receives $1,000 only if each final level is at or above its 65% downside threshold; otherwise repayment is reduced by the negative return of the least performing underlying asset, potentially resulting in a loss of the entire principal. The estimated initial value per Note is $983.70 and the issue price is $1,000.

UBS AG is offering Trigger Callable Yield Notes linked to the least performing of the Russell 2000® Index and the S&P 500® Equal Weight Index, with a stated term to June 10, 2027 and monthly issuer call dates beginning after three months.

The notes are offered at $10.00 per note (minimum purchase $1,000), pay a monthly fixed coupon set on the trade date in the range of 7.75% to 8.25% per annum, and feature contingent repayment of principal at maturity tied to a 70.00% downside threshold of each underlying asset. The estimated initial value range is $9.52 to $9.82 per note. All payments remain subject to UBS credit risk and UBS may call the notes at its discretion on any call date.

UBS AG is offering $1,020,000 of Trigger Autocallable Notes (principal $1,000 per Note) due March 3, 2031. The Notes are unsecured obligations of UBS linked to the least performing of the Russell 2000® Index, the S&P 500® Index and shares of the State Street® Utilities Select Sector SPDR® ETF (XLU). Monthly observation dates begin after 12 months; Notes may be automatically called if each underlying asset meets its call threshold on an observation date. If not called, repayment at maturity depends on the final level of the least performing underlying asset and may result in a partial or total loss of principal. The estimated initial value on the trade date is $986.80; the issue price per Note is $1,000. Key dates: trade date February 26, 2026, settlement March 3, 2026, final valuation February 26, 2031, maturity March 3, 2031. All payments are subject to UBS credit risk.

UBS AG is offering Buffer 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 due October 28, 2027. The offering totals $5,263,000 at an issue price of $1,000 per Note with an estimated initial value of $977.20 per Note.

The Notes pay a 7.90% per annum contingent coupon only if each underlying asset meets its coupon barrier on monthly observation dates, provide a 20.00% buffer against declines at maturity, and are issuer-callable quarterly. Payments and principal are subject to UBS credit risk.

UBS AG offers $960,000 in Trigger Autocallable Contingent Yield Notes linked to ConocoPhillips stock. The Notes pay a contingent coupon only if the underlying closing level on an observation date meets the coupon barrier and may be automatically called quarterly after six months if the underlying equals or exceeds the initial level.

If not called, principal repayment at maturity depends on the final level relative to a 70.00% downside threshold of the initial level; if the final level is below that threshold, repayment can be reduced pro rata and you could lose all of your investment. Trade date is March 2, 2026, settlement March 4, 2026, final valuation March 1, 2029, and maturity March 5, 2029. Minimum investment is 100 Notes at $10 per Note; the estimated initial value was $9.74.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to ConocoPhillips stock due on or about March 5, 2029. The notes pay contingent quarterly coupons only if the underlying meets a coupon barrier and may be automatically called quarterly beginning about six months after the trade date. If not called, principal repayment at maturity is contingent: full principal is paid if the final level is at or above a downside threshold; if below, repayment declines in proportion to the underlying return, potentially resulting in total loss. Trade date is March 2, 2026, settlement March 4, 2026. Minimum investment is 100 Notes at $10 per Note; an estimated initial value is between $9.36 and $9.61 per Note as of the trade date.

UBS AG offers $1,213,000 Trigger Autocallable Contingent Yield Notes linked to NVIDIA common stock due March 6, 2028. The Notes pay periodic contingent coupons only if the underlying closes at or above a coupon barrier on observation dates and are automatically called early if the underlying equals or exceeds the initial level on any observation date.

If not called, maturity repayment depends on the final level: full principal is returned only if the final level is at or above a downside threshold (illustrated at $50.00, or 50.00% of initial level); otherwise principal is reduced pro rata to the underlying return, potentially resulting in total loss. All payments are subject to UBS credit risk. Trade date is March 2, 2026; settlement March 4, 2026; final valuation date March 2, 2028.

UBS AG is offering a preliminary issuance of Trigger Autocallable Contingent Yield Notes linked to the common stock of NVIDIA Corporation, with a trade date of March 2, 2026, expected settlement date of March 4, 2026, a final valuation date of March 2, 2028 and an expected maturity date of March 6, 2028.

The Notes pay periodic contingent coupons only if the underlying closing level meets or exceeds the coupon barrier on observation dates and are automatically called if the underlying closes at or above the initial level on any observation date prior to the final valuation date. If not called, principal is repaid at maturity only if the final level is at or above the downside threshold; if below, holders suffer a loss equal to the underlying return and could lose their entire investment. The offering is preliminary and subject to delivery of final Offering Documents.

UBS AG offers $500,000 Trigger Autocallable Contingent Yield Notes linked to Advanced Micro Devices, Inc. common stock due September 7, 2027. The Notes pay periodic contingent coupons only if the underlying stock closes at or above a coupon barrier on observation dates; otherwise no coupon is paid. The Notes may be automatically called monthly (beginning after six months) if the underlying closes at or above the initial level; an automatic call triggers payment of principal plus any contingent coupon on the related call settlement date. If not called, repayment at maturity is contingent: if the final level is below the downside threshold you can suffer a loss equal to the percentage decline in the underlying return and could lose all of your investment. Trade date is March 2, 2026, settlement March 4, 2026, final valuation date September 2, 2027. Notes are offered in minimum increments of $10 (principal amount per Note) and the estimated initial value was $9.79 per Note. All payments are subject to UBS's creditworthiness; investors may lose some or all principal.