UBS AG issues Trigger Autocallable Contingent Yield Notes linked to MercadoLibre common stock due March 2, 2027. The Notes pay contingent coupons only if the underlying closing level on observation dates meets or exceeds a coupon barrier, and will be automatically called early if the underlying equals or exceeds the initial level on any observation date prior to the final valuation date. If not called, principal repayment at maturity is contingent: full principal is paid if the final level is at or above the downside threshold; if below, repayment falls by the underlying return, potentially wiping out the investment. Trade date is February 26, 2026, settlement March 2, 2026. Minimum investment is 100 Notes at $10 per Note; estimated initial value per Note is $9.75. Illustrative terms show a contingent coupon rate of 22.42% per annum (contingent coupon $0.5605), a downside threshold and coupon barrier at $80.00 (80.00% of the initial level), and an example worst-case maturity payment of $4.80 per Note.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Micron Technology, Inc. due March 2, 2029. The Notes pay contingent coupons only when the underlying stock closes at or above a coupon barrier on observation dates and will autocall early if the underlying closes at or above the initial level on any observation date.
If not called, principal is repaid at maturity only if the final level is at or above a downside threshold; if the final level is below that threshold, principal repayment declines in direct proportion to the underlying return and you could lose all of your investment. Trade date is February 26, 2026, settlement March 2, 2026, final valuation date February 28, 2029, and maturity March 2, 2029. The estimated initial value per Note was $9.72.
UBS AG offers a preliminary pricing supplement for $• Trigger Autocallable Contingent Yield Notes linked to the common stock of Micron Technology, Inc. The Notes pay periodic contingent coupons only if the underlying closing level meets coupon barriers and can autocall early if the underlying meets the initial level on observation dates. If not called, principal is repaid at maturity only if the final level is at or above the downside threshold; otherwise principal is reduced in proportion to the underlying return. Trade date is February 26, 2026; expected settlement is March 2, 2026, final valuation date February 28, 2029, and maturity approximately March 2, 2029.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of MercadoLibre, Inc., maturing on March 2, 2027. The trade date is February 26, 2026 with expected settlement on March 2, 2026. Each Note has a principal amount of $10 and a minimum investment of 100 Notes ($1,000). The estimated initial value per Note is between $9.43 and $9.68 as of the trade date.
The Notes pay a contingent coupon on each coupon payment date only if the underlying closing level meets or exceeds the coupon barrier; otherwise no coupon is paid. The Notes will autocall early if the underlying closing level on an observation date is equal to or greater than the initial level; on an autocall UBS pays principal plus any contingent coupon due. If not called, at maturity principal is repaid only if the final level is at or above the downside threshold (example: 80% of the initial level). If the final level is below that threshold, investors suffer a loss equal to the underlying decline; an example shows a payout of $4.80 per Note in a severe down scenario. Payments are subject to the creditworthiness of UBS.
UBS AG is offering $20,000,000 in Trigger Callable Contingent Yield Notes linked to the least performing of the Russell 2000® Index and the S&P 500® Index due February 28, 2029. The Notes pay a quarterly contingent coupon of 9.60% per annum when both indices meet coupon barriers and are issuer-callable on quarterly observation dates.
The Notes repay $1,000 per Note at maturity only if both final index levels are at or above the 60.00% downside thresholds; otherwise principal is reduced in line with the negative return of the least performing underlying asset and investors can lose a significant portion or all principal. Payments are subject to UBS credit risk and limited secondary-market liquidity.
UBS AG is offering Trigger Callable Contingent Yield Notes linked to the common stock of Rocket Lab Corporation due on or about September 16, 2027. The notes pay a contingent coupon of 32.00% per annum when the underlying meets the coupon barrier on observation dates and are issuer-callable monthly beginning after three months.
If UBS does not call the notes and the closing level on the final valuation date is below the downside threshold (equal to 50.00% of the initial level), principal repayment at maturity will be reduced pro rata to the underlying return and investors could lose a significant portion or all of their investment. Secondary-market liquidity and all payments depend on UBS credit.
UBS AG is offering $1,695,000 in Trigger Callable Contingent Yield Notes linked to the least performing of the Nasdaq-100® Technology Sector, the Russell 2000® Index and the S&P 500® Index, maturing March 1, 2029. The Notes pay a contingent coupon of 9.20% per annum when each underlying asset meets its coupon barrier on an observation date, are issuer-callable beginning after six months, and repay principal at maturity only if each underlying asset is at or above its 70.00% downside threshold; otherwise principal is reduced by the negative return of the least performing underlying asset. Trade date is February 24, 2026, settlement February 27, 2026, and the estimated initial value per Note is $942.80 versus an issue price of $1,000 per Note.
UBS AG is offering Trigger Callable Contingent Yield Notes linked to Western Digital Corporation stock, due on or about September 16, 2027. The Notes pay a 32.10% per annum contingent coupon when the underlying closing level meets or exceeds a coupon barrier, are issuer-callable monthly after ~3 months, and repay principal at maturity only if the final level is at or above a 50.00% downside threshold; otherwise principal is reduced pro rata to the underlying return. The issue price is $1,000 per Note and the estimated initial value is between $928.40 and $958.40.
UBS AG offers capped, leveraged, buffered S&P 500® Index-linked medium-term notes with a term expected to be between 13 and 15 months. For each $1,000 face amount, investors receive no interest and a maturity cash payment tied to the S&P 500® performance, featuring a 125.00% upside participation rate, a 10.00% downside buffer (buffer level 90.00%), and a cap that will produce a maximum settlement amount expected to be between $1,117.00 and $1,137.25 per $1,000 face amount. The estimated initial value is expected to be between $957.00 and $987.00 per $1,000 face amount, and you assume UBS credit risk and limited liquidity.
UBS AG is offering $2,772,000 aggregate face amount of Capped Leveraged Buffered S&P 500® Index-Linked Medium-Term Notes due April 28, 2027. The notes reference the S&P 500® Index with an initial underlier level of 6,890.07 set on the trade date of February 24, 2026.
Key economics: an upside participation rate of 150.00%, a cap level of 109.95% (maximum settlement $1,149.25 per $1,000 face), and a buffer at 95.00% (buffer level 6,545.5665, buffer rate ~105.26%). If the final underlier level is below the buffer, holders incur leveraged downside and could lose their entire investment.
Trade date: February 24, 2026; original issue date: February 27, 2026; determination date: April 26, 2027. The notes pay no interest, will not be listed, and are unsecured obligations of UBS; estimated initial value on the trade date was $986.00 per $1,000 face, while issue price is 100.00% with an underwriting discount of 1.17%.