UBS ETRACS Alerian MLP Index ETN Series B SEC Filings

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Delta Air Lines common stock due May 14, 2027. The Notes pay periodic contingent coupons only if the underlying closing level on an observation date meets or exceeds a coupon barrier and will be automatically called early if the underlying closes at or above 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; if the final level is below that threshold, holders suffer a loss equal to the underlying return and could lose their entire investment. The Notes are unsecured obligations of UBS and any payment depends on UBS’s creditworthiness. Trade and settlement are expected on May 12, 2026 and May 14, 2026, with final valuation and maturity in May 2027. The estimated initial value per $10 Note is $9.83.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Constellation Energy Corporation due on or about May 15, 2028. This preliminary pricing supplement (dated May 12, 2026) describes notes that pay a contingent coupon only if the underlying stock closes at or above a coupon barrier on observation dates and that may be automatically called early if the underlying closes at or above the initial level on an observation date. If not called, principal is repaid at maturity only if the final level is at or above a stated downside threshold; if the final level is below that threshold, holders suffer a loss tied to the percentage decline in the underlying and could lose their entire investment. Payments remain subject to the creditworthiness of UBS. The notes have a $10 principal amount per note, a minimum purchase of 100 notes ($1,000), and an estimated initial value range of $9.43–$9.68 as of the trade date. Trade and settlement timing, observation dates, coupon mechanics, and all final terms will be set on the trade date; this document is subject to the accompanying product supplement and prospectus.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of the underlying asset, maturing May 15, 2028. The Notes pay a contingent coupon on each coupon payment date only if the closing level of the underlying asset on the applicable observation date is at or above the coupon barrier; otherwise no coupon is paid. The Notes can be automatically called quarterly beginning after six months if the underlying closes at or above the initial level, in which case holders receive principal plus any contingent coupon due on the call settlement date. If not called, repayment at maturity depends on the final level relative to the downside threshold: if the final level is below that threshold, holders suffer a percentage loss equal to the underlying return and could lose their entire initial investment. Payments are subject to the creditworthiness of UBS. The Notes have a minimum purchase of 100 Notes at $10 per Note and an estimated initial value of $9.76 as of the trade date.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the Class C capital stock of Alphabet Inc., with final terms set on the trade date. The Notes pay periodic contingent coupons only if the underlying meets a coupon barrier on observation dates; they are autocallable quarterly if the underlying equals or exceeds the initial level. If not called, principal repayment at maturity is contingent: if the final level is at or above a stated downside threshold, UBS will repay principal; if the final level is below that threshold, repayment will be reduced in proportion to the underlying return, and investors could lose a significant portion or all of principal. Payments depend on UBS creditworthiness. Key dates include trade date May 12, 2026, settlement May 14, 2026, final valuation date May 11, 2028, and maturity May 15, 2028. The Notes have a $10 principal denomination and an estimated initial value range of $9.44–$9.69 per Note as of the trade date.

UBS AG offers Trigger Autocallable Contingent Yield Notes linked to the common stock of Delta Air Lines, Inc. The preliminary pricing supplement dated May 12, 2026 sets a trade date of May 12, 2026, settlement on May 14, 2026, a final valuation date of May 12, 2027, and maturity on or about May 14, 2027.

The Notes pay contingent coupons only if the closing level of the underlying meets or exceeds a coupon barrier on observation dates and are automatically called if the underlying equals or exceeds the initial level on any observation date prior to maturity. If not called, repayment of principal at maturity is contingent: if the final level is below the downside threshold, holders suffer a loss equal to the underlying return and could lose all principal. The Notes are unsecured obligations of UBS and any payments depend on UBS creditworthiness. Minimum purchase is 100 Notes ($1,000); the estimated initial value range is $9.52–$9.77 per Note as of the trade date.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of NVIDIA Corporation due May 14, 2029. 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 will be automatically called early if the underlying closing level on any observation date prior to the final valuation date is at or above the initial level; in that case UBS pays the principal plus any contingent coupon on the related coupon payment date and the Notes terminate. If the Notes are not called, principal repayment at maturity is contingent: if the final level is at or above the downside threshold you receive the principal amount, but if the final level is below the downside threshold you receive an amount that reflects the percentage decline in the underlying (the underlying return), potentially resulting in a substantial loss or complete loss of principal. All payments, including any repayment of principal, are subject to UBS’s creditworthiness. Trade date is May 12, 2026, settlement May 14, 2026, final valuation date May 10, 2029 and maturity May 14, 2029. The estimated initial value per Note is $9.66 and the Notes are offered in minimum increments of 100 Notes (a $1,000 minimum purchase). The Notes are not listed and carry significant liquidity and credit risks; consult the product supplement and prospectus for full terms and risks.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of the referenced underlying asset, with final terms set on the trade date. The Notes pay a contingent coupon only when the underlying 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 quarterly observation date (beginning after six months). If not called, principal repayment at maturity depends on the final level versus the downside threshold and could result in full loss of principal. Payments are subject to UBS credit risk. Trade date: May 12, 2026; settlement: May 14, 2026; final valuation date: May 11, 2028; maturity: May 15, 2028. Minimum investment: $1,000 (100 Notes).

UBS AG offers Trigger Autocallable Contingent Yield Notes linked to ServiceNow, Inc. common stock due May 14, 2029. The Notes pay periodic contingent coupons only if the underlying stock closes at or above a coupon barrier on specified observation dates and may be automatically called quarterly beginning after six months if the stock closes 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 a disclosed downside threshold; if below that threshold, the cash payment at maturity declines in direct proportion to the underlying return and may result in a total loss of principal. All payments, including any contingent coupons and any principal repayment, depend on UBS’s creditworthiness. The Notes have a minimum investment of 100 Notes ($1,000), an estimated initial value of $9.58 per $10 Note as of the trade date, and settlement and maturity dates of May 14, 2026 and May 14, 2029, respectively.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of NVIDIA Corporation, with a trade date of May 12, 2026, expected settlement on May 14, 2026 and maturity on May 14, 2029. The Notes pay periodic contingent coupons only if the underlying's closing level meets the 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. 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; otherwise holders suffer a principal loss equal to the underlying return, up to a total loss. The preliminary pricing supplement shows a hypothetical contingent coupon rate of 11.13% per annum, a principal amount of $10 per Note, a downside threshold and coupon barrier of $60.00 (60.00% of the initial level), and an estimated initial value range of $9.37 to $9.62 per Note. Minimum investment is 100 Notes ($1,000). All payments remain subject to UBS credit risk; the final terms will be set on the trade date.