UBS ETRACS Alerian MLP ETN Series B SEC Filings

UBS AG, through its London Branch, is offering Trigger Autocallable Contingent Yield Notes with Memory Interest linked to the common stock of Paramount Skydance Corporation (PSKY), maturing around July 6, 2027. Each Note has a $1,000 principal amount and offers a contingent coupon targeted in a range of 14.25%–15.25% per annum, paid quarterly only if PSKY’s closing level on an observation date is at or above a coupon barrier set at 65% of the initial level. Missed coupons can be recovered later under the memory feature if the barrier is met on a future observation date.

The Notes may be automatically called early if PSKY closes at or above the call threshold of 100% of the initial level on any observation date before maturity, in which case investors receive principal plus the due contingent coupon and any unpaid past coupons, with no further payments. If not called, and PSKY is at or above the downside threshold (also 65% of the initial level) at maturity, investors receive full principal back. If PSKY finishes below the downside threshold, repayment is reduced one-for-one with the stock’s decline, and investors can lose their entire investment.

The offering highlights that the Notes are unsecured, unsubordinated UBS debt, subject to UBS’ credit risk and to potential Swiss regulatory resolution measures. The estimated initial value per Note is expected between $913.70 and $943.70, below the $1,000 issue price because of underwriting discounts, hedging and issuance costs and UBS’ internal funding rate. The Notes will not be listed, liquidity may be limited, and investors are cautioned that these instruments are significantly riskier than conventional bonds and provide no participation in PSKY price gains or dividends.

UBS AG is offering $500,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Generac Holdings Inc., maturing on December 21, 2026. The Notes pay a contingent coupon only if Generac’s share price on each observation date is at or above a specified coupon barrier; otherwise no coupon is paid for that period.

The Notes are automatically called early if Generac’s share price on any observation date before maturity is at or above the initial level, in which case investors receive the principal plus any due coupon and the product terminates. If the Notes are not called and Generac’s final share price is at or above the downside threshold, investors receive their principal at maturity; if it is below the downside threshold, repayment is reduced in line with the share price decline and can fall to zero.

The Notes are unsecured, unsubordinated debt of UBS, not listed on any exchange, and carry both market risk tied to Generac and credit risk of UBS. The minimum investment is 100 Notes at $10 each, and the estimated initial value per Note on the trade date is $9.74, reflecting UBS’ internal pricing models.

UBS AG is offering unsecured Trigger Autocallable Contingent Yield Notes linked to the common stock of Generac Holdings Inc., maturing on or about December 21, 2026. These market-linked notes can pay periodic contingent coupons if Generac’s stock closes at or above a preset coupon barrier on each observation date. The notes will be automatically called early if the stock closes at or above the initial level on any observation date before maturity, returning principal plus any due coupon, with no further payments.

If the notes are not called and Generac’s stock on the final valuation date is at or above a downside threshold, investors receive the $10 principal per note at maturity. If it finishes below that threshold, repayment is reduced in line with the stock’s decline and can fall to zero, causing a total loss of principal. Payments depend on UBS’s credit, and the notes are not insured or exchange-listed. The minimum investment is 100 notes at $10 each, and the estimated initial value is expected to be between $9.37 and $9.62 per note.

UBS AG is offering $500,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of The Mosaic Company, maturing in December 2026. These notes can pay periodic contingent coupons, but only when Mosaic’s share price on a given observation date is at or above a preset coupon barrier.

If Mosaic’s stock closes at or above the initial level on any observation date before maturity, the notes are automatically called and investors receive their principal back plus the applicable contingent coupon, with no further payments. If the notes are not called and Mosaic’s stock is at or above a downside threshold on the final valuation date, investors receive only their principal (and any final contingent coupon). If it finishes below the downside threshold, repayment is reduced in line with the stock’s decline, and investors can lose their entire investment. Payments also depend on the creditworthiness of UBS, and the notes will not be listed on any exchange. The estimated initial value is $9.81 per $10 note.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of The Mosaic Company, maturing on or about December 21, 2026. These unsecured debt securities can pay periodic contingent coupons only when Mosaic’s closing share price on an observation date is at or above a preset coupon barrier; otherwise no coupon is paid.

The notes may be automatically called before maturity if Mosaic’s share price on any observation date (other than the final one) is at or above the initial level, in which case investors receive the $10 principal per note plus the applicable contingent coupon and the product terminates. If the notes are not called and Mosaic’s final share price is at or above a downside threshold, investors receive back the $10 principal per note, plus any final contingent coupon.

If the notes are not called and Mosaic’s final share price is below the downside threshold, repayment is reduced in line with the stock’s decline, and investors can lose most or all of their initial investment. All payments depend on UBS’s credit; the estimated initial value is between $9.44 and $9.69 per $10 note.

UBS AG is offering $100,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Vistra Corp., maturing on December 20, 2027. These unsecured debt notes pay a contingent coupon only if Vistra’s share price on each quarterly observation date is at or above a preset coupon barrier; otherwise, no income is paid for that period.

The notes can be called early each quarter after the first year if Vistra’s stock is at or above the initial level. In that case, investors receive the $10 principal per Note plus any coupon due, and the investment ends. If the notes are not called and Vistra’s final share price on the valuation date is at or above a downside threshold, investors receive full principal back; if it is below that threshold, repayment is reduced in line with Vistra’s percentage loss and can fall to zero.

Any payment depends on UBS’s credit. The notes are not listed, have a minimum investment of 100 Notes at $10 each, and have an estimated initial value of $9.63 per $10 Note, reflecting UBS’s internal pricing and funding costs.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Vistra Corp., maturing on or about December 20, 2027. These unsecured debt notes can pay quarterly contingent coupons only when Vistra’s closing share price on an observation date is at or above a preset coupon barrier; otherwise, no coupon is paid for that period.

The notes are automatically called if, on any quarterly observation date beginning after 12 months, Vistra’s share price is at or above the initial level. In that case, investors receive the $10 principal per note plus the applicable contingent coupon, and the product terminates. If not called, and at maturity Vistra is at or above the downside threshold, investors receive full principal back (and a final coupon if above the barrier). If the final share price is below the downside threshold, repayment is reduced in line with the stock’s loss, and investors can lose their entire investment.

The notes are not listed, have a minimum investment of 100 notes at $10 each, and the estimated initial value per $10 note is expected to range from $9.33 to $9.58. All payments depend on UBS’s creditworthiness.

UBS AG is offering $500,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Fluor Corporation, maturing December 21, 2026. These unsecured debt securities can pay periodic contingent coupons only when Fluor’s share price on an observation date is at or above a preset coupon barrier, which in the examples equals 60% of the initial stock level.

The notes are automatically called early if Fluor’s stock closes at or above the initial level on any observation date before maturity, in which case investors receive the $10 principal per note plus any due coupon, and no further payments. If the notes are not called and Fluor’s final stock level is at or above the downside threshold, UBS repays principal at maturity and may also pay a final coupon.

If the notes are not called and Fluor’s final stock level is below the downside threshold, repayment is reduced in line with the stock’s percentage loss, and investors can lose some or all of their initial investment. All payments depend on UBS’s credit; a UBS default could result in a total loss. The minimum investment is 100 notes at $10 each, and the notes will not be listed on any exchange.

UBS AG is offering $805,000 Trigger Autocallable Contingent Yield Notes linked to the common stock of Broadcom Inc., maturing on December 19, 2030. Each Note has a $10 principal amount, with a minimum investment of 100 Notes (a $1,000 investment). Investors receive a contingent coupon only if Broadcom’s closing level on an observation date is at or above the coupon barrier, set at $60.00 (60.00% of the initial level in the hypothetical example), at a rate of 14.36% per annum, or else no coupon is paid for that period.

The Notes are automatically called if Broadcom’s level on any observation date before maturity is at or above the initial level, returning principal plus the applicable contingent coupon, with no further payments. If not called, and Broadcom’s final level is at or above the downside threshold (also $60.00 in the example), principal is repaid at maturity, potentially with a final coupon. If the final level is below the downside threshold, repayment is reduced in line with the stock’s negative return, and investors can lose up to 100% of their principal. Any payment depends on the creditworthiness of UBS, and the estimated initial value of each Note on the trade date is $9.73.