UBS AG SEC Filings

UBS AG offers preliminary terms for Trigger Callable Contingent Yield Notes due on or about December 1, 2027, linked to the least performing of the S&P 500®, Russell 2000®, and Nasdaq-100 indices. The notes pay a contingent coupon of 8.65% per annum when each underlying index meets its coupon barrier on an observation date, are callable monthly by UBS beginning after ≈3 months, and expose holders at maturity to the downside return of the least performing underlying index if any final level is below a 70.00% downside threshold. Issue price per Note is $1,000 with an estimated initial value between $940.50 and $970.50. Payments, including any principal repayment, are subject to UBS credit risk. Key economics (coupon rate, barriers, downside threshold, final terms and CUSIP) will be set on the strike date and reflected in the final pricing supplement.

UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the S&P 500®, Russell 2000® and Nasdaq-100® due on or about December 2, 2027. The notes pay a contingent coupon (11.00% per annum in the preliminary terms) only if each underlying meets its coupon barrier on an observation date; otherwise no coupon is paid. UBS may call the notes monthly beginning after ~3 months; if not called, repayment at maturity depends on the least performing underlying relative to a 70.00% downside threshold, exposing holders to partial or total loss of principal. The estimated initial value range is $956.50 to $986.50, and the issue price is $1,000 per note. Key risks include issuer credit risk, limited liquidity, issuer call and exposure to the single least performing index component.

UBS AG is offering Buffer Callable Contingent Yield Notes linked to the least performing of the S&P 500® Index and the Russell 2000® Index. The notes pay a contingent coupon only if each underlying is at or above its coupon barrier on an observation date; otherwise no coupon is paid. UBS may call the notes monthly beginning after 12 months; if called you receive principal plus any contingent coupon due on the call settlement date. At maturity, if the final level of any underlying is below its downside threshold, principal is reduced by the percentage that the least performing underlying is below its initial level in excess of a 15% buffer. The estimated initial value range is $960.60 to $990.60 and the issue price is $1,000.00.

UBS AG offers Trigger Contingent Yield Notes with Memory Interest linked to the least performing common stock of JPMorgan Chase & Co., Microsoft Corporation and Oracle Corporation. The Notes have a principal amount of $1,000 per Note, monthly observation dates, a strike date expected on May 20, 2026, a final valuation date of May 21, 2029 and a maturity date of May 24, 2029. If, on an observation date, the closing level of each underlying asset is at or above its coupon barrier, UBS will pay a contingent coupon (plus previously unpaid contingent coupons under the memory feature); otherwise no coupon is paid. At maturity, if every final level is at or above its downside threshold, UBS will repay the principal; if any final level is below its downside threshold, the cash payment is reduced and tracks the percentage decline of the least performing underlying asset, potentially causing a substantial or total loss. Payments depend on UBS’ creditworthiness and the issue price exceeds the estimated initial value, which is stated between $956.00 and $986.00 as of the trade date.

UBS AG is offering Buffer Autocallable Contingent Yield Notes with Memory Interest linked to the least performing of the VanEck® Gold Miners ETF (GDX) and the State Street® Energy Select Sector SPDR® ETF (XLE). The Notes have a $1,000 principal per Note, an 11.00% per annum contingent coupon rate, a 20.00% downside buffer, monthly coupon observation dates, quarterly call observation dates (beginning after six months), an expected trade date of May 26, 2026, settlement on May 29, 2026, final valuation date of May 26, 2028, and maturity on or about June 1, 2028. If on any coupon observation date both underlying assets equal or exceed their coupon barriers, UBS will pay the contingent coupon; the Notes may be automatically called if both underlyings meet call threshold levels on a call observation date, in which case investors receive principal plus any due contingent coupons. If not called and the final level of any underlying is below its downside threshold, repayment is reduced by the least performing underlying return in excess of the 20.00% buffer, and investors could lose most or all principal. Payments are subject to UBS credit risk. The estimated initial value range is $927.60 to $957.60 and the issue price is $1,000 with an underwriting discount of $26.00 per Note.

UBS AG offers Trigger Callable Contingent Yield Notes linked to the least performing of the S&P 500® Index and the Nasdaq-100® Technology Sector, due on or about June 1, 2029. Each Note has a $1,000 principal amount, a contingent coupon rate of 10.80% per annum, and observation dates monthly (callable after six months). The Notes pay contingent coupons only when both underlyings meet coupon barriers and are issuer-callable monthly at UBS’s discretion; if not called and an underlying’s final level is below its downside threshold ( 70.00% of its Initial Level ), principal may be reduced pro rata to the least performing underlying and you could lose a substantial portion or all of your investment. The issue price is $1,000 per Note; estimated initial value is between $954.00 and $984.00; underwriting discount is $7.50 per Note and proceeds to UBS are $992.50 per Note.

UBS AG offers Trigger Callable Contingent Yield Notes linked to the least performing of the S&P 500®, Russell 2000® and Nasdaq-100®. The Notes have a contingent coupon of 10.75% per annum, are callable monthly beginning about three months after issuance and mature on or about June 1, 2029. Payments depend on each underlying asset meeting its coupon barrier (75.00% of initial level) on observation dates and on the downside threshold (60.00% of initial level) at final valuation; if the final level of any underlying asset is below its downside threshold you may lose a percentage of principal equal to the decline of the least performing underlying asset, potentially all of your investment. The estimated initial value range is $954.50 to $984.50 per $1,000 Note and the issue price is $1,000 with proceeds to UBS of at least $991.00 per Note. All payments, including any repayment of principal, are subject to UBS credit risk.

UBS AG is offering Capped Buffer Contingent Absolute Return Securities linked to the least performing of the Dow Jones Industrial Average® and the S&P 500® Index, maturing on or about December 2, 2027. Each Security has a $1,000 principal amount and a 15.00% buffer and a 17.50% maximum upside gain. If the least performing underlying return is positive, payment is the principal plus the lesser of that return or the maximum upside; if zero or negative but above the downside threshold, you may receive a capped contingent absolute return (up to 15.00%). If the final level of the least performing underlying asset is below its downside threshold, you suffer losses in excess of the buffer and could lose almost all principal. Estimated initial value range is $957.00–$987.00 and the issue price is $1,000. All payments are subject to UBS credit risk and the Securities may have limited or no secondary market.

UBS AG offers preliminary pricing for Trigger Callable Contingent Yield Notes linked to the least performing of the S&P 500®, Russell 2000® and Nasdaq-100®, with a stated contingent coupon rate of 11.75% per annum and a maturity on or about June 1, 2029. The notes are issuer-callable monthly beginning after ~3 months; contingent coupons are paid only when each underlying meets its coupon barrier and principal repayment at maturity depends on the least performing underlying meeting its downside threshold.

The preliminary issue price is $1,000 per Note, estimated initial value ranges $953.50–$983.50, underwriting discount up to $9.00 per Note and minimum proceeds to UBS of $991.00 per Note. The notes are unsecured obligations of UBS and carry market risk tied to each underlying asset and credit risk of UBS; downside thresholds are 70% and coupon barriers are 75% of initial levels.