UBS AG SEC Filings

UBS AG offers $1,150,000 of Trigger Callable Contingent Yield Notes ($1,000 per Note) linked to the least performing of the S&P 500® Index, the Russell 2000® Index and shares of the State Street® Utilities Select Sector SPDR® ETF. The Notes pay a contingent coupon of 10.40% per annum on applicable coupon payment dates only if each underlying asset equals or exceeds its coupon barrier on an observation date. UBS may call the Notes in whole monthly, beginning after three months, paying principal plus any contingent coupon then due. If not called, repayment at maturity depends on the final level relative to downside thresholds (65% of initial levels); a final level below a downside threshold for any underlying asset causes principal loss equal to the percentage decline of the least performing underlying asset. The estimated initial value was $984.10 per Note and payments are subject to UBS credit risk.

The issuer UBS AG is offering Trigger Autocallable Notes linked to the least performing of the Russell 2000® Index and the S&P 500® Index due May 20, 2030. The notes have an automatic call feature on annual observation dates; call return equals principal plus a specified call return (11.65% per annum) if both indices meet their call threshold. If not called, repayment at maturity is contingent: full principal is returned only if each final level is at or above its 70.00% downside threshold; otherwise the investor suffers a loss equal to the decline of the least performing underlying asset (up to a total loss). Issue price is $1,000 per note, estimated initial value $970.40, and aggregate offering size is $4,856,000. Payments are subject to UBS credit risk and the notes are not listed on any exchange.

UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the Dow Jones Industrial Average® and the S&P 500® Index with a principal amount of $1,000 per Note. The offering aggregates $4,119,000 and the estimated initial value per Note on the trade date is $992.10. The Notes pay a 7.40% per annum contingent coupon ($18.50 per quarter) only if both underlying indices meet coupon barriers on an observation date. UBS may call the Notes on any quarterly observation date; if not called, repayment at maturity depends on the least performing underlying asset relative to a downside threshold (55.00% of initial levels). Trade and settlement dates are May 15, 2026 and May 20, 2026; final valuation and maturity dates are May 15, 2029 and May 18, 2029. The Notes are unsecured obligations of UBS and repayment is subject to UBS credit risk.

UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the Nasdaq-100® Technology Sector (NDXT), the Russell 2000® Index (RTY) and shares of the State Street® Energy Select Sector SPDR® ETF (XLE), due on or about May 25, 2029. The preliminary pricing supplement dated May 18, 2026 sets a per-Note issue price of $1,000.00 and discloses an estimated initial value range of $951.70 to $981.70. The Notes pay a contingent coupon only when all underlying assets meet coupon barriers on observation dates, are callable monthly at UBS’s discretion beginning after six months, and expose holders to downside principal loss tied to the least performing underlying asset and to UBS credit risk.

UBS AG is offering Capped Buffer Securities linked to the S&P 500® Index with a principal amount of $1,000 per Security and a term of approximately 18 months. The offering totals $1,032,000 and limits upside to a 15.65% maximum gain while providing a 10.00% downside buffer. At maturity holders receive either principal plus a capped positive return, full principal if the final level is at or above the 90.00% downside threshold, or a reduced payment that reflects losses beyond the buffer. Payments depend on UBS creditworthiness and the Securities are not listed on an exchange.

UBS AG offers $1,002,000 of Trigger Autocallable Contingent Yield Notes linked to the least performing of the State Street ETFs XLF, XLI, and XLK, maturing May 18, 2029. The Notes pay a contingent coupon of 11.90% per annum on an observation date only if each underlying ETF closes at or above its coupon barrier on that date.

The Notes are callable monthly beginning after 12 months if each underlying ETF equals or exceeds its call threshold (each equal to 100% of its initial level). If not called, principal repayment at maturity is contingent: full principal is returned only if each final level is at or above its downside threshold (70% of initial); otherwise repayment equals $1,000 × (1 + underlying return of the least performing underlying asset), which can result in a significant loss or total loss of principal. All payments are subject to UBS credit risk and secondary market liquidity may be limited.

UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the S&P 500®, Russell 2000® and Nasdaq-100® Technology Sector with maturity May 18, 2029. The offering totals $2,819,000 at an issue price of $1,000 per Note. Notes pay a contingent coupon of 10.00% per annum only when each underlying closes at or above its coupon barrier on an observation date; otherwise no coupon will be paid. UBS may call the Notes monthly beginning after three months; if called you receive principal plus any contingent coupon due on the call settlement date. If not called and the final level of any underlying is below its downside threshold (65% of initial level), principal repayment at maturity will be reduced pro rata to the percentage decline of the least performing underlying asset, potentially resulting in a total loss. The estimated initial value per Note was $974.10, and proceeds to UBS per Note are shown as $975.00. All payments are subject to UBS credit risk and secondary market liquidity may be limited.

UBS AG is offering $18,359,500 of Trigger Autocallable GEARS linked to Alphabet Inc. Class A common stock at $10 per Security. The trade date is May 15, 2026, observation date is May 24, 2027, and maturity is May 23, 2029. If the underlying closing level on the observation date is at or above the autocall barrier of $396.78 (100% of the initial level), UBS will automatically call the Securities and pay a 20.50% call return (call price $12.05 per Security). If not called, positive underlying returns are amplified by an upside gearing of 1.4725; negative final levels below the downside threshold of $297.59 (75.00% of initial) can cause losses of principal up to 100%. The estimated initial value determined by UBS’ internal models is $9.703 per Security. All payments, including any principal repayment, depend on UBS’s creditworthiness and market performance of the underlying asset.

UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the Dow Jones Industrial Average, the Nasdaq-100 Technology Sector and the Russell 2000, due on or about June 1, 2029. The notes pay a contingent coupon only when each underlying asset meets its coupon barrier on observation dates; otherwise no coupon is paid. UBS may call the notes monthly beginning after six months; if called you receive principal plus any contingent coupon due on the call settlement date. If not called and any final level is below its downside threshold, principal repayment may be reduced proportionally to the loss of the least performing underlying asset, and you could lose all of your initial investment. The preliminary issue price is $1,000.00 per note; the estimated initial value is between $956.70 and $986.70 as of the trade date. The notes are unsecured obligations of UBS and subject to UBS credit risk. Review the Key Risks and Product Supplement for full details.