UBS ETRACS Alerian MLP ETN Series B SEC Filings

UBS AG is offering $501,000 of Capped Buffer Contingent Absolute Return Securities, unsecured notes linked to the Invesco QQQ Trust, maturing on May 28, 2027. Each Security has a $1,000 principal amount, with an initial QQQ level of $608.89 and a downside threshold of $487.11, which is 80.00% of the initial level, providing a 20.00% buffer.

If QQQ’s return is positive, holders receive principal plus the lesser of the underlying return and the 11.05% maximum upside gain, capped at $1,110.50 per Security. If the underlying return is zero or negative but QQQ finishes at or above the downside threshold, investors receive a “contingent absolute return” up to 20.00%, for a maximum payment of $1,200.00 per Security. If QQQ falls below the downside threshold, repayment is reduced dollar-for-dollar beyond the 20.00% buffer and losses can reach almost all of the initial investment.

The Securities pay no interest, forgo QQQ dividends, are intended to be held to maturity, and will not be listed on an exchange. Any payment depends on the credit of UBS AG; default could result in total loss. The estimated initial value is $983.50 per $1,000 Security, reflecting internal pricing, costs and dealer compensation.

UBS AG is offering $5,073,500 of Trigger Autocallable Contingent Yield Notes linked to the worst performer of the Russell 2000 Index and the S&P 500 Index, maturing November 30, 2028. The Notes pay a quarterly contingent coupon at 7.80% per annum only if both indices are at or above 70% of their initial levels, and they can be automatically called after 6 months if both indices are at or above 100% of their initial levels on an observation date, returning principal plus the coupon. If the Notes are not called and, at maturity, either index is below its 70% downside threshold, investors receive $10 times 1 plus the return of the worst-performing index, which can result in a substantial loss, up to a full loss of principal. The issue price is $10 per Note versus an estimated initial value of $9.582, and all payments depend on the creditworthiness of UBS.

UBS AG is offering $300,000 of Capped Buffer GEARS, unsecured notes linked to the Russell 2000® Index and maturing on May 28, 2027. Each $1,000 Security provides 2.00x leveraged upside on any positive index return, capped at an 18.00% maximum gain, for a maximum payment of $1,180.00 per Security. A 10.00% buffer applies: if the index is flat or down but above or at the downside threshold of 2,219.381 (90.00% of the 2,465.979 initial level), investors receive back the $1,000 principal.

If the final index level falls below the downside threshold, repayment is reduced by losses beyond the 10.00% buffer and investors can lose almost all of their investment. The notes pay no interest, do not provide dividends, and depend entirely on UBS’s credit. They are expected to be illiquid and are initially priced at $1,000 with an estimated initial value of $970.20 after fees and hedging costs.

UBS AG is issuing Digital S&P 500® Index-Linked Medium-Term Notes tied to the S&P 500 Index. The notes pay no interest and mature on July 28, 2027, with an aggregate face amount of $8,355,000 and denominations of $1,000.

At maturity, if the index is at or above the 87.50% buffer level of the initial level of 6,705.12, each $1,000 note pays a fixed $1,145.50 (a 14.55% cap). If the index falls more than 12.5%, holders lose about 1.1429% of face value for every 1% decline below the buffer and could lose their entire investment. The estimated initial value is $997.50 per $1,000 face amount, the notes are unsecured obligations of UBS with no listing or redemption rights, and returns depend on UBS's credit and S&P 500 price performance only, excluding dividends.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the Solactive U.S. Large Cap Volatility Navigator 40 Index, maturing on or about December 4, 2030. Each Note has a $1,000 principal amount and pays a 25.00% per annum contingent coupon (about $20.8333 monthly) only when the Index is at or above an 80% coupon barrier on the observation date.

The Notes can be automatically called quarterly, beginning after three months, if the Index is at or above a call threshold set at 100% of the initial level. On an automatic call, investors receive principal plus the applicable contingent coupon and the Notes terminate early.

If not called and the final Index level is at or above the 80% downside threshold, investors receive full principal at maturity (plus the last coupon if the barrier is met). If the final level is below the downside threshold, repayment is $1,000 × (1 + underlying return), exposing investors to the full downside of the Index and potentially a total loss of principal. The estimated initial value is between $919.10 and $949.10, and all payments depend on the creditworthiness of UBS.

UBS AG is offering $936,000 of Trigger Callable Contingent Yield Notes linked to the least performing of the Nasdaq-100® Technology Sector IndexSM, the Russell 2000® Index and the S&P 500® Index, maturing on May 28, 2027. The Notes pay a 13.75% per annum contingent coupon (about $11.4583 per $1,000 per month) only if, on each monthly observation date, all three indices close at or above their coupon barriers, set at 70% of their initial levels.

UBS may call the Notes in whole on any monthly observation date starting after three months, paying back principal plus any due coupon; after a call no further payments are made. If the Notes are not called and any index finishes below its downside threshold (also 70% of initial), the maturity payment is reduced dollar-for-dollar with the worst index’s loss, and investors can lose up to their entire principal. If all three indices end at or above their downside thresholds, investors receive only their $1,000 principal per Note plus any final coupon.

The Notes are unsecured, unsubordinated UBS debt, not deposits and not FDIC insured. The estimated initial value is $984.30 per $1,000 Note, reflecting underwriting discounts, hedging and issuance costs, and the Notes are not expected to be listed, so liquidity may be limited.

UBS AG is offering $633,000 of Trigger Callable Contingent Yield Notes linked to the least performing of the Nasdaq‑100 Index®, Russell 2000® Index and EURO STOXX 50® Index, maturing on November 29, 2030. The Notes pay a contingent coupon at an annual rate of 11.70% (or $29.25 per $1,000 note per quarter) only if on each observation date the closing level of every index is at or above its coupon barrier, set at 70% of the initial level.

UBS may call the Notes on any quarterly observation date (other than the final one), paying back principal plus any due coupon, after which no further payments are made. If the Notes are not called and each index finishes at or above its downside threshold, set at 60% of its initial level, investors receive full principal at maturity; otherwise, repayment is reduced one‑for‑one with the loss of the worst‑performing index, and all principal can be lost.

Payments depend entirely on UBS’ creditworthiness. The estimated initial value is $967.40 per $1,000 note, lower than the issue price due to underwriting compensation, hedging and issuance costs.

UBS AG is offering $2,379,000 of Trigger Callable Contingent Yield Notes linked to the least performing of the Nasdaq-100® Technology Sector Index, the Russell 2000® Index and the S&P 500® Index, maturing on November 30, 2028.

The Notes pay a contingent coupon at an annual rate of 11.55% (monthly coupons of $9.625 per $1,000) only if, on each observation date, every index closes at or above its coupon barrier, set at 70% of its initial level. UBS may call the Notes in whole, at its discretion, on any monthly observation date beginning after three months, paying back principal plus any due coupon.

If the Notes are not called and, at maturity, all three indices are at or above their downside thresholds (60% of initial levels), investors receive full principal back (and a final coupon if barriers are met). If any index finishes below its downside threshold, repayment is reduced in line with the worst-performing index, and investors can lose up to 100% of principal. Payments depend on UBS’ credit; the estimated initial value is $974.30 per $1,000.

UBS AG is offering unsecured Conversion Yield Notes linked to the clean price of a specific 20-year U.S. Treasury bond paying 4.875% and maturing in 2045. The Notes have a term of about six months, are expected to mature on or about June 2, 2026, and pay a fixed coupon of 6.50% per annum, paid once at maturity, regardless of bond performance.

At maturity, if the Treasury bond’s final clean price is at or above its initial clean price on the trade date, investors receive a cash payment equal to the $1,000 principal per Note plus the coupon. If the final clean price is below the initial clean price, investors receive a “physical delivery amount” of the underlying Treasury (plus cash for any fraction), whose value is expected to be less than principal and can result in substantial loss.

The conversion price equals the initial clean price plus 1.4410% UST accrued interest (per $100 face). The estimated initial value is between $954.00 and $984.00 per $1,000 Note, reflecting underwriting discount of $10.00 and proceeds to UBS of $990.00 per Note, as well as hedging and issuance costs. The Notes are not listed and all payments are subject to UBS credit risk.