UBS AG offers Trigger Autocallable Contingent Yield Notes linked to the common stock of Cognizant Technology Solutions Corporation due on or about May 29, 2029. The Notes pay periodic contingent coupons only if the underlying stock closes at or above a coupon barrier on observation dates and are subject to an automatic call if the stock closes at or above the initial level on any observation date prior to the final valuation date. At maturity, if not called, principal repayment is contingent: full principal is paid only if the final level is at or above a downside threshold; otherwise the investor absorbs the percentage decline in the underlying (potentially a total loss). Trade date is May 27, 2026 with expected settlement May 29, 2026. Minimum investment is 100 Notes at $10 per Note. The preliminary materials show an estimated initial value range of $9.26 to $9.51 per Note and include a hypothetical contingent coupon rate of 12.35% per annum for illustration. All payments are subject to UBS credit risk; the final terms will be set on the trade date.
UBS AG offers Trigger Autocallable Contingent Yield Notes linked to the common stock of Intuit Inc. due on or about May 30, 2028. The Notes pay contingent coupons only if observation-date closings meet a coupon barrier and may autocall early if the underlying meets the initial level.
Trade date is May 27, 2026, settlement expected May 29, 2026, final valuation date May 25, 2028. Minimum investment is 100 Notes at $10 per Note. Example terms show a hypothetical contingent coupon rate of 24.81% per annum and a downside threshold of 70% of the initial level; if final level is below that threshold, principal repayment can be reduced, potentially to a total loss.
UBS AG offers Trigger Yield Notes linked to the common stock of Marvell Technology, Inc. The preliminary pricing supplement dated May 27, 2026 sets a trade date of May 27, 2026, settlement on May 29, 2026, a final valuation date of November 25, 2026 and a maturity date of November 30, 2026. Coupons are payable monthly; the illustrative coupon rate is 25.89% per annum (approximately $0.2158 monthly on a $10 note). Principal repayment at maturity is contingent: if the final level of the underlying is at or above the disclosed downside threshold, UBS will repay $10 plus coupon; if below, repayment may be reduced in proportion to the underlying return, potentially resulting in significant loss up to the full principal. Payments depend on UBS creditworthiness. The document is preliminary and final terms, estimated initial value range, distribution details and any underwriting adjustments will be set on the trade date and by the accompanying product supplement and prospectus.
UBS AG is offering Phoenix Autocallable Buffer Notes with Memory Interest linked to the common stock of Zscaler, Inc. The notes have a $10,000 principal amount per note and trade date May 27, 2026 with settlement expected June 1, 2026. Each note may pay contingent interest of at least $817.25 on applicable interest payment dates if the underlying meets the interest barrier. The notes are automatically callable if the underlying equals or exceeds the initial price on an autocall observation date. If not called, repayment at maturity on June 14, 2027 depends on the final price relative to an 80.00% downside threshold; if the final price is below that threshold, investors will receive a share delivery amount (a number of Zscaler shares) whose value may be materially less than principal. The estimated initial value range is $9,392.00 to $9,692.00. All payments are subject to UBS credit risk.
UBS AG is offering $11,303,000 of Contingent Income Auto-Callable Securities with Memory Coupon due May 25, 2029, linked to the common stock of Netflix, Inc. Each security has a stated principal amount of $1,000.00 and an initial price of $88.60. The notes pay a contingent coupon of $26.25 (equivalent to 10.50% per annum) on specified contingent payment dates only if the closing price of Netflix is at or above the downside threshold of $57.59 (65.00% of the initial price). The securities may be called early if the closing price on a determination date equals or exceeds the call threshold of $88.60. If not called and the final price is below the downside threshold, holders receive a cash value tied to the final stock price and may lose a substantial portion or all of principal. All payments are subject to the credit risk of UBS AG.
UBS AG is offering Buffer Callable Contingent Yield Notes linked to the least performing of the Nasdaq-100, Russell 2000 and S&P 500. The Notes pay a 11.50% per annum contingent coupon on an observation date only if each underlying asset is at or above its coupon barrier on that observation date. UBS may call the Notes in whole (beginning after three months) on any observation date; if called, holders receive principal plus any contingent coupon otherwise due on the related call settlement date. If not called and the final level of any underlying asset is below its downside threshold, the cash payment at maturity can be less than principal: payment equals $1,000 × (1 + underlying return of the least performing underlying asset + 15.00% buffer). The trade date is May 29, 2026, settlement June 3, 2026, final valuation date November 29, 2027 and maturity December 2, 2027. The estimated initial value range is $959.00 to $989.00 per Note as of the trade date.
UBS AG offers Buffer Autocallable Contingent Yield Notes due May 30, 2031. Each Note has a $1,000 principal amount and is linked to the least performing of the Russell 2000® and the S&P 500®. The Notes pay a 7.00% per annum contingent coupon when, on an observation date, the closing level of each underlying asset is at or above its coupon barrier; they are callable monthly beginning after 12 months if both underlyings meet their call thresholds. At maturity you receive $1,000 if both final levels are at or above their downside thresholds (85% of initial level); otherwise repayment is reduced proportionally to the decline of the least performing underlying asset in excess of a 15.00% buffer. The offering aggregates $2,440,000 (2,440 Notes) at an issue price of $1,000 per Note; proceeds to UBS are $2,348,500. The estimated initial value per Note on the trade date was $957.70. These Notes are unsecured obligations of UBS and subject to its credit and restructuring risks.
UBS AG is offering $12,770,000 of Contingent Income Auto-Callable Securities tied to the common stock of Bank of America Corporation (BAC). Each $1,000 security was issued at $1,000 with an estimated initial value of $980.40. The notes mature on May 27, 2027 and pay a contingent payment of $25.625 per security (10.25% per annum) on each scheduled contingent payment date if the closing price of BAC on a determination date is at or above the downside threshold of $36.26 (70.00% of the initial price). The securities auto-call early if BAC closes at or above the call threshold of $51.80 (100.00% of the initial price) on any determination date, in which case holders receive the stated principal plus the applicable contingent payment. If the securities are not called and the final price is below the downside threshold, UBS will deliver a cash value equal to the exchange ratio times the final price and holders may lose a significant portion, or all, of their investment. Payments are unsecured obligations of UBS and are subject to UBS credit risk.
UBS AG is offering $575,000 of Capped Buffer Contingent Absolute Return Securities linked to the least performing of the Dow Jones Industrial Average and the S&P 500, maturing December 1, 2027. Each $1,000 Security provides limited upside (maximum gain 12.00%) and a 15.00% buffered downside: if the least performing underlying return is zero or negative but the final level is at or above the downside threshold (85.00% of the initial level), investors receive a contingent absolute return (capped at 15.00%); if the final level is below the downside threshold, principal is reduced by the percentage loss in excess of the 15.00% buffer. Payments (including principal) are unsecured and depend on UBS creditworthiness. Trade date was May 26, 2026 and estimated initial value per Security was $971.60; issue price per Security was $1,000.00.
UBS AG is offering $2,280,000 of Trigger Callable Contingent Yield Notes linked to the least performing of the Nasdaq-100, Russell 2000 and S&P 500, due June 1, 2027. The notes pay a contingent coupon of 11.60% per annum when each index meets its coupon barrier and are issuer-callable monthly beginning after three months.
Issue price is $1,000.00 per Note (estimated initial value $991.00 per Note). If UBS does not call the Notes and the final level of any underlying is below its downside threshold (70.00% of its initial level), principal repayment will be reduced by the percentage decline of the least performing underlying asset; extreme losses, including total loss, are possible. All payments are subject to UBS credit risk.