UBS AG SEC Filings

UBS AG London Branch is offering Capped Leveraged Buffered Basket-Linked Medium-Term Notes (subject to completion). The notes link to an unequally weighted basket of five indices and have a term expected to be 13 to 15 months. Key economics to be set on the trade date include a 200.00% upside participation rate, a 10.00% buffer level (buffer rate approximately 111.11%), a cap level expected between 107.37% and 108.65% of the initial basket level, and a maximum settlement amount expected between $1,147.40 and $1,173.00 per $1,000 face amount. If the final basket level is above the initial level you participate at 200% subject to the cap; if the final basket level is down up to 10% you receive the face amount; if it is below the 10% buffer you suffer leveraged principal loss (approximately 1.1111% of face amount per 1% below the buffer). The estimated initial value is expected to be between $956.20 and $986.20 per $1,000 face amount; the issue price is 100.00% of face amount. The offering includes an underwriting discount of 1.13% (net proceeds to issuer 98.87%). The notes do not pay interest, are unsecured obligations of UBS, and expose holders to UBS credit risk and to non-U.S. market, tax and liquidity risks.

UBS AG offers Barrier Market-Linked Notes linked to an unequally weighted basket of six currencies relative to the U.S. dollar, with expected trade date May 27, 2026, settlement May 29, 2026 and maturity on or about May 28, 2027. The Notes pay no interest and return at maturity depends on the basket return versus an upper barrier. If a barrier event occurs (basket return > upper barrier), holders receive principal plus a conditional return; if no barrier event and the basket return is positive, holders receive principal plus the basket return multiplied by the participation rate subject to a capped maximum gain; if the basket return is zero or negative, holders receive only principal at maturity. Payments are unsecured obligations of UBS and depend on UBS’ creditworthiness. Final economic terms (upper barrier, maximum gain, estimated initial value) will be set on the trade date and are subject to the final pricing supplement.

UBS AG offers Trigger Autocallable Contingent Yield Notes linked to the SPDR4 Gold Trust maturing on May 15, 2028. The Notes pay a contingent coupon only when the closing level of the underlying meets or exceeds a coupon barrier on scheduled observation dates and are automatically called if the underlyings closing level on any quarterly observation date (beginning after 12 months) is equal to or greater than the initial level.

If not called, principal is repaid at maturity only if the final level is at or above a disclosed downside threshold; if the final level is below that threshold, the repayment is reduced pro rata to the underlying return and investors may lose a significant portion or all of their principal. Payments, including any principal repayment, are subject to UBS creditworthiness. Trade and settlement dates are May 13, 2026 (trade) and May 15, 2026 (settlement); final valuation and maturity dates are May 11, 2028 and May 15, 2028, respectively.

UBS AG offers Capped GEARS linked to the Russell 2000® Index with a term of approximately 14 months that pays at maturity based on the percentage change in the index, subject to an upside gearing of 3.00 and a capped maximum gain of 21.04% to 23.04%. The issue price is $10.00 per Security (minimum investment $1,000) and the estimated initial value range is $9.494 to $9.794. Key dates include a trade date of May 27, 2026, settlement on May 29, 2026, final valuation date July 27, 2027, and maturity on July 29, 2027. If the underlying return is positive, payment = $10 × (1 + lesser of (Underlying Return × 3.00) and Maximum Gain). If negative, payment = $10 × (1 + Underlying Return), exposing investors to full downside of the Russell 2000®; payments are subject to UBS credit risk.

UBS AG is offering Capped GEARS linked to the S&P 500® Index with a term of approximately 14 months and a per-security issue price of $10.00. The securities provide upside exposure equal to the underlying return multiplied by an upside gearing of 3.00, subject to a maximum gain that will be set on the trade date (described here as 13.75% to 15.75% on the cover). If the underlying return is positive, the payment at maturity equals $10 × (1 + the lesser of (underlying return × 3.00) and the maximum gain). If the underlying return is zero, payment at maturity equals the $10 principal. If the underlying return is negative, holders suffer the full downside equal to the underlying return and may lose some or all of their principal. Key dates shown include a trade date of May 27, 2026, expected settlement on May 29, 2026, final valuation date on July 27, 2027 and maturity on July 29, 2027. The securities are unsecured obligations of UBS and repayment (including principal) is subject to UBS’ creditworthiness.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the SPDR® Gold Trust due on or about May 15, 2028. The Notes pay contingent coupons only if the underlying ETF closes at or above a coupon barrier on observation dates; quarterly autocallable features beginning ~12 months can redeem the Notes early at par plus any contingent coupon. If not called, principal is repaid at maturity only if the final level is at or above an 80.00% downside threshold; otherwise principal is reduced in line with the underlying return, and investors may lose a significant portion or all of their investment. The trade date is May 13, 2026 with settlement expected May 15, 2026. The Notes are offered in denominations of $10 per Note with a minimum purchase of 100 Notes ($1,000). The estimated initial value range on the trade date is $9.40 to $9.65 per Note and the example contingent coupon rate shown is 6.21% per annum. Final terms will be set on the trade date and all payments are subject to UBS credit risk.

UBS AG is offering Trigger Callable Yield Notes with Daily Close Monitoring Knock-In linked to the least performing of the Nasdaq-100, Russell 2000 and EURO STOXX 50. The offering totals $9,000,000 at an issue price of $1,000 per Note; principal repayment at maturity is contingent on index performance and UBS' issuer call decisions. Coupons of 13.65% per annum are payable monthly unless UBS elects to call (monthly, callable after five months). A "trigger event" occurs if any underlying closes below its 70% downside threshold during the observation period; if a trigger occurs and the least performing underlying finishes below its initial level, principal at maturity will be reduced pro rata to that underlying return, potentially causing a total loss. Payments remain subject to UBS credit risk. Key dates: strike May 13, 2026, final valuation November 15, 2027, maturity November 18, 2027.

UBS AG is offering Phoenix Autocallable Buffer Notes with Memory Interest linked to the common stock of Arista Networks, Inc. (ANET). Each Note has a principal amount of $10,000, a term of approximately 54 weeks and may pay contingent interest of $719.75 on each interest payment date if observation-date conditions are met.

The Notes are automatically callable if the underlying’s closing price on an autocall observation date equals or exceeds the initial price. If not called, repayment at maturity depends on the final price relative to the downside threshold of $118.25 (80.00% of the initial price). If the final price is below that threshold, holders receive a share delivery amount of 84.5666 shares per Note (subject to adjustments), whose value may be significantly less than the principal and could be zero. Payments depend on UBS’s creditworthiness. Estimated initial value was between $9,515.00 and $9,815.00, below the issue price.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the Relevant Nearby ICE-traded Cocoa Futures Contract. Each Note has a $1,000 principal and a contingent coupon payable only if observation-date settlement prices meet the coupon barrier. The Notes may be automatically called if the call threshold is met; otherwise principal repayment at maturity is contingent on the final price relative to the downside threshold. Key trade and settlement anchors include a trade date of May 18, 2026, expected settlement on May 21, 2026, a final valuation date of May 18, 2027 and a maturity date of May 20, 2027. The issuer warns investors they may lose a significant portion or all of their investment and that payments depend on UBS creditworthiness. The estimated initial value per Note on the trade date is between $952.70 and $982.70, and the underwriting discount is $2.50 per Note.