UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Lam Research Corporation, with a trade date of May 28, 2026, expected settlement on June 1, 2026 and maturity on June 1, 2028. The Notes pay periodic contingent coupons only if the underlying closing level meets or exceeds a coupon barrier on observation dates and may be automatically called early if the underlying closes at or above the initial level on any prior observation date. At maturity, if not called, principal repayment is contingent on the final level relative to a disclosed downside threshold; if the final level is below that threshold, investors may suffer a loss of principal equal to the underlying return, potentially losing their entire investment. The Notes are unsecured obligations of UBS and any payments depend on UBS creditworthiness. The offering sets a minimum investment of 100 Notes ($1,000) and an estimated initial value range of $9.43 to $9.68 per Note as of the trade date.
UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the Nasdaq-100® Technology Sector and the Russell 2000® Index. The preliminary pricing supplement dated May 28, 2026 describes notes that pay a 12.60% per annum contingent coupon only when each underlying meets its coupon barrier on observation dates and that are callable monthly by UBS beginning about three months after issuance.
The notes return principal at maturity only if the final level of each underlying is equal to or greater than its downside threshold (each set at 70.00% of initial level). If any underlying’s final level is below its downside threshold, the maturity payment will be reduced by the percentage decline of the least performing underlying asset; in extreme cases investors could lose all principal. Estimated initial value range is $957.80 to $987.80; issue price per note is $1,000.00 with proceeds to UBS of at least $992.75. The offering documents and final terms will be set on the strike date; this document is preliminary and subject to completion.
UBS AG is offering $800,000 of Trigger Autocallable Yield Notes linked to the common stock of Incorporated (Qualcomm, QCOM). The Notes pay a 10.65% per annum coupon quarterly, are callable quarterly beginning after 12 months, and mature on May 31, 2030. The initial level is $233.40; the call threshold is $233.40 (100.00% of the initial level) and the downside threshold is $116.70 (50.00% of the initial level). Principal repayment at maturity is contingent: if not called and the final level is below the downside threshold, principal is reduced in proportion to the underlying return (total loss possible). Issue price per Note is $1,000.00 (total issue $800,000); the estimated initial value per Note is $960.50. 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 Russell 2000 Index and the S&P 500 Index, maturing on or about June 17, 2030. The Notes pay a contingent coupon of 9.05% per annum only if, on each observation date, the closing level of each underlying asset is equal to or greater than its coupon barrier. UBS may call the Notes in whole, monthly beginning after six months, and if UBS does not call them, repayment at maturity depends on the final levels of the underlying assets relative to the downside threshold of 65.00% of initial level. The issue price per Note is $1,000.00, the estimated initial value range is $946.00–$976.00, the underwriting discount is $15.00 per Note and proceeds to UBS per Note are $985.00. The Notes are unsecured obligations of UBS; any payment is subject to UBS credit risk.
UBS AG is offering $14,181,500 of Buffer Autocallable GEARS linked to the S&P 500® Index due May 31, 2029. The securities pay no interest, have a minimum purchase of 100 Securities at $10 each and are automatically called if the underlying closing level on the observation date (6/3/2027) is at or above the autocall barrier.
If automatically called, the call price is the $10 principal plus a 9.00% call return (call price = $10.90). If not called, positive underlying returns at maturity are multiplied by an upside gearing of 1.201. The issue shows a buffer of 10.00% (downside threshold = 6,768.32, which is 90.00% of the initial level). The estimated initial value was $9.746.
UBS AG offers $1,050,000 of Barrier Market-Linked Notes due May 28, 2027 linked to an unequally weighted basket of six currencies versus the U.S. dollar. The Notes pay no interest and return at maturity depends on the basket return, an upper barrier 8.40%, a participation rate 1.20 and a conditional return 5.00%. If a barrier event occurs (basket return > upper barrier) holders receive principal plus the conditional return; if no barrier event and the basket return is positive, holders receive principal plus Basket Return × 1.20, capped at a maximum gain 10.08% (maximum payment per Note $1,100.80). Repayment of principal at maturity is subject to UBS credit risk. Trade date is May 27, 2026, settlement May 29, 2026, final valuation date May 26, 2027. The issue price is $1,000 per Note (total offering $1,050,000) and the estimated initial value on the trade date is $983.70.
UBS AG is offering Buffer Autocallable Contingent Yield Notes linked to the least performing of the Russell 2000® Index and the Nasdaq-100 Index® due on or about June 10, 2031. The notes pay a contingent coupon of 7.70% per annum when both underlyings meet coupon barriers on monthly observation dates, are callable monthly after approximately 12 months if both underlyings meet a 100.00% call threshold, and provide principal protection at maturity only if the final levels of both underlyings are at or above their 85.00% downside thresholds, subject to a 15% buffer. Issue price per Note is $1,000.00, underwriting discount is $37.50, and proceeds to UBS are $962.50 per Note. The document warns of significant risks, limited liquidity, model-based estimated initial value between $926.60 and $956.60, and that all payments depend on UBS creditworthiness.
UBS AG priced a preliminary offering of Trigger Autocallable Notes linked to the least performing of the Russell 2000® and the S&P 500® with expected trade date June 12, 2026 and maturity June 17, 2030. Each $1,000 Note pays no interest and may be automatically called on annual observation dates if both indices meet call thresholds. A call yields a pre-specified call price (examples: $1,134.50 at first call, up to $1,538.00 at final call). If not called, repayment at maturity equals $1,000 if both final levels ≥ 70% of initial levels, otherwise payment = $1,000 × (1 + return of the least performing underlying asset), potentially resulting in substantial or total loss. Payments depend on UBS creditworthiness; estimated initial value range is $938.80–$968.80. The document emphasizes liquidity, estimated-value, tax and FINMA resolution risks.
UBS AG is offering $2,700,000 of Trigger Autocallable GEARS linked to an equally-weighted basket of 16 equities, maturing January 23, 2029. The securities are sold at $10.00 per Security with a minimum investment of 100 Securities and include an automatic call on June 3, 2027 if the underlying basket meets the autocall barrier.
The terms include a 15.18% call return rate, upside gearing of 1.20, and a downside threshold equal to 75.00% of the initial basket level. Payments, including any principal repayment, are subject to UBS creditworthiness and the contingent payoff mechanics described herein.
The issuer UBS AG is offering UBS AG Phoenix Autocallable Buffer Notes with Memory Interest linked to the common stock of Zscaler, Inc.. The offering totals $500,000 with a minimum purchase of $10,000 per Note. Each Note pays a fixed contingent interest of $817.25 on qualifying observation dates and is automatically callable if Zscaler's closing price on an autocall observation date is equal to or greater than the initial price. If not called, principal repayment at maturity depends on the final price relative to the downside threshold: if the final price is below the downside threshold, UBS will deliver a share delivery amount (calculated as principal divided by the downside threshold) whose value may be materially less than principal. Key cover terms include an initial price of $126.41, an interest barrier and downside threshold of $101.13 (80.00% of initial), valuation date June 9, 2027, and maturity June 14, 2027. The estimated initial value per Note is $9,692.00, and all payments are subject to UBS credit risk.