UBS ETRACS Alerian MLP ETN Series B SEC Filings

UBS AG is offering unsecured Trigger Autocallable Contingent Yield Notes linked to the common stock of Oracle Corporation, maturing on December 17, 2027. Each Note has a $10 principal amount and the minimum investment is 100 Notes (a $1,000 investment).

Investors receive a contingent coupon only if Oracle’s closing level on an observation date, including the final valuation date on December 15, 2027, is at or above a preset coupon barrier. The Notes are automatically called early if Oracle’s closing level on any observation date before maturity is at or above the initial level, in which case UBS repays principal plus the applicable contingent coupon and makes no further payments.

If the Notes are not called and Oracle’s final level is at or above the downside threshold, UBS repays the $10 principal per Note, plus any final contingent coupon if the coupon barrier is also met. If the final level is below the downside threshold, repayment is reduced in line with Oracle’s negative return, and investors can lose some or all of their investment. The estimated initial value is $9.77 per Note, and all payments depend on the creditworthiness of UBS. The Notes are not bank deposits, are not FDIC insured, and will not be listed on any exchange.

UBS AG is offering unsecured Trigger Autocallable Contingent Yield Notes linked to the common stock of Oracle Corporation, maturing on or about December 17, 2027. Each Note has a $10 principal amount and can pay periodic contingent coupons, but only if Oracle’s closing level on the relevant observation date is at or above a specified coupon barrier.

The Notes are automatically called early if, on any observation date before the final valuation date, Oracle’s closing level is at or above the initial level, in which case investors receive the $10 principal plus any due coupon and no further payments. If the Notes are not called and the final level is at or above the downside threshold, investors receive only the $10 principal (plus any final coupon). If the final level is below the downside threshold, repayment is reduced in line with the stock’s decline and investors can lose their entire investment. All payments depend on UBS’s credit; the Notes are not bank deposits or FDIC insured. The estimated initial value per $10 Note on the trade date is expected to be between $9.47 and $9.72.

UBS AG is offering $1,017,000 of Bearish Barrier Early Redeemable Market Linked Notes tied to the S&P 500® Index and maturing in March 2027.

The notes redeem early at par with no gain if on any trading day the index closes at least 20.00% below the initial level of 6,827.41, breaching the lower barrier of 5,461.93. If no barrier event occurs and the final index level is at or above the initial level, investors receive principal plus a fixed 3.50% digital return. If no barrier event occurs and the index finishes below the initial level but at or above the lower barrier, the payoff equals principal plus the absolute index decline, capped at 20.00%.

The notes pay no interest, pass through no dividends, are not listed, and depend entirely on UBS’s ability to pay. The estimated initial value is $993.00 per $1,000 note, reflecting structuring and hedging costs, and secondary market liquidity may be limited.

UBS AG is offering $1,000,000 in Buffer Securities, each with a $1,000 principal amount, linked to the least performing of the Nasdaq-100 Index and S&P 500 Index, maturing on March 11, 2027. At maturity, if the least performing index has risen, investors receive principal plus 0.90 times that index’s gain. If its return is zero or negative but its final level stays at or above 85% of its initial level (a 15% buffer), investors receive principal back. If it finishes below this downside threshold, repayment is reduced dollar-for-dollar beyond the 15% buffer and losses can approach the full investment.

The notes pay no interest, provide no dividends, and are exposed to the market risk of both indices, with any single index breach driving losses. All payments depend on UBS’s credit; a default could result in losing all invested principal. The estimated initial value is $993.90 per Security versus the $1,000 issue price, reflecting fees, hedging costs and UBS’s internal funding rate.

UBS AG is offering Capped Leveraged Buffered Basket-Linked Medium-Term Notes maturing on February 11, 2028. These notes pay no interest and repay at maturity an amount tied to an unequally weighted basket of five equity indices: EURO STOXX 50® (38%), TOPIX (26%), FTSE® 100 (17%), Swiss Market Index (11%) and S&P/ASX 200 (8%). The initial basket level is 100.

If the basket rises, investors receive principal plus 240% of the basket gain, but the payout is capped at a maximum settlement amount of $1,266.40 per $1,000 face amount, corresponding to a cap level of 111.10% of the initial basket level. If the basket falls by up to 17.50% (down to a buffer level of 82.50), principal is protected. Below the buffer, losses accelerate at approximately 1.2121% of principal for each additional 1% decline, and investors could lose their entire investment.

The notes are unsecured obligations of UBS AG London Branch, subject to UBS credit risk, are not insured by the FDIC, and will not be listed on an exchange, so liquidity may be limited. The estimated initial value is $996.50 per $1,000, reflecting internal funding and hedging costs.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the worst performer of CoreWeave and Microsoft stock, maturing around December 22, 2027. Each $1,000 Note can pay a high contingent coupon at a 28.85% per annum rate, but only if both stocks stay at or above 50% of their initial levels on monthly observation dates. The Notes can be called early after six months if both stocks are at or above 100% of their initial levels, in which case investors receive principal plus any due coupon and the Notes terminate.

If the Notes are not called and either stock finishes below its 50% downside threshold, investors receive shares of the worst-performing stock instead of cash, likely worth far less than principal, creating the possibility of a near‑total loss. The Notes are unsecured obligations of UBS, are not insured, will not be listed on an exchange, and their initial estimated value (between $902 and $932 per $1,000) is below the issue price.

UBS AG is offering $273,000 of Trigger Callable Contingent Yield Notes linked to the worst performer of the Nasdaq-100, Russell 2000 and S&P 500 indices, maturing on December 10, 2030. The notes pay a contingent coupon at a rate of 10.20% per annum, or $8.50 per $1,000 note per month, but only when the closing level of each index is at least 70% of its initial level on the relevant observation date.

UBS can call the notes in whole on any monthly observation date beginning after three months, paying back principal plus any due coupon, after which no further payments are made. If the notes are not called and any index finishes below its 70% downside threshold at maturity, investors suffer a loss equal to the negative return of the worst-performing index and can lose their entire investment. The notes are unsecured obligations of UBS, not listed on any exchange, and the estimated initial value is $964.40 per $1,000 note, below the issue price.

UBS AG is offering Trigger Autocallable GEARS, five-year unsecured notes linked to an equally weighted basket of 18 selected equities. Each Security has a $10 principal amount and does not pay interest or dividends.

The notes can be automatically called after about one year if the basket closing level is at or above the autocall barrier, set at 100% of the initial basket level, paying a call price of $11.10 per Security based on an 11.00% call return rate. If not called and the basket return is positive at maturity, investors receive $10 plus the basket return multiplied by upside gearing of 1.30 to 1.50.

If the notes are not called and the final basket level is at or above the downside threshold of 75% of the initial basket level, principal is returned. If the final basket level falls below this threshold, repayment is reduced one-for-one with the negative basket return, and the entire investment can be lost. All payments depend on the creditworthiness of UBS, and the Securities are not listed, may have limited liquidity, and have an estimated initial value between $9.242 and $9.542 per $10.

UBS AG is offering $5.374 million of Trigger Autocallable Contingent Yield Notes linked to the worst performer of the Russell 2000 and S&P 500, maturing in 2030. Each $1,000 note can pay a 9.60% per annum contingent coupon, but only if both indices stay at or above 70% of their initial levels on quarterly observation dates. The notes can be called early after six months if both indices are at or above 100% of their initial levels, returning principal plus the relevant coupon.

If the notes are not called and either index finishes below its 70% downside threshold at maturity, repayment is reduced one-for-one with the loss on the worst-performing index, and all principal can be lost. The notes are unsecured obligations of UBS AG London Branch, carry full issuer credit risk, have an estimated initial value of $974.30 per $1,000, and are expected to have limited or no secondary market liquidity.