UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the MSCI EAFE, MSCI Emerging Markets and the STOXX Europe 600. The offering totals $400,000 at an issue price of $1,000 per Note with a principal amount of $1,000 per Note.
The Notes pay a contingent coupon of 9.00% per annum (equal periodic installments of $22.50 per quarter) only if on an observation date each underlying asset closes at or above its coupon barrier. The Notes are callable by UBS on quarterly observation dates beginning after 12 months. If not called, maturity occurs on February 28, 2028 with final valuation on February 23, 2028. Downside thresholds and coupon barriers are set at 75.00% of initial levels; in the event any final level is below its downside threshold, the repayment at maturity will be reduced pro rata and could result in a loss of up to the full principal. The estimated initial value as of the trade date is $975.20. Payments are subject to UBS credit risk and there may be little or no secondary market.
UBS AG is offering $575,000 of Trigger Callable Contingent Yield Notes linked to the least performing of the Russell 2000® Index, the S&P 500® Index and shares of the State Street® Utilities Select Sector SPDR® ETF. The Notes pay a contingent coupon of 11.00% per annum when each underlying asset equals or exceeds a 70.00% coupon barrier on an observation date. UBS may call the Notes in whole (not in part) on monthly observation dates beginning after three months; maturity is March 1, 2029. At maturity, if any underlying asset is below its 70.00% downside threshold, repayment will be reduced pro rata and could result in a substantial loss, including total loss. Issue price is $1,000 per Note; the estimated initial value was $987.80 per Note as of the trade date. All payments remain subject to UBS creditworthiness.
UBS AG offers capped buffer GEARS linked to an equally-weighted basket of 26 equities, issuing $7,036,000 of securities at $10.00 per Security. The Securities mature on February 29, 2028 and pay at maturity based on the basket return subject to an 46.40% maximum gain and an upside gearing of 2.00.
Holders receive full principal at maturity if the final basket level is at or above a downside threshold equal to 90.00% of the initial basket level; if the final basket level is below that threshold, losses apply after a 10.00% buffer and investors could lose almost all principal. Payments depend on UBS creditworthiness.
UBS AG is offering capped, leveraged, buffered basket-linked medium-term notes tied to an unequally-weighted basket of five indices (EURO STOXX 50® 40.00%, TOPIX 25.00%, FTSE® 100 17.00%, SMI 11.00%, S&P/ASX 200 7.00%). The notes pay no interest and have an upside participation rate of 125.00% subject to a cap level expected between 112.59% and 114.78% and a maximum settlement amount expected between $1,157.375 and $1,184.750 per $1,000. A 10.00% buffer protects against declines up to that amount; losses below the buffer expose investors to approximately 1.1111% loss of face amount for each 1% negative basket return below the buffer. Term is expected between 13 and 15 months. Estimated initial value on the trade date is expected between $957.00 and $987.00 per $1,000, while the original issue price is 100.00% of face amount. The notes are unsecured obligations of UBS and carry issuer credit risk, limited liquidity, potential withholding and uncertain U.S. tax treatment.
UBS AG offers $19,955,460 principal of Trigger Autocallable GEARS linked to the iShares® Expanded Tech-Software Sector ETF (IGV), maturing February 28, 2029. The notes pay no interest, carry a call return of 17.50% on an observation date of March 4, 2027, and an upside gearing of 1.40.
If the closing level of IGV on the observation date is at or above the autocall barrier of $80.85 (100.00% of the initial level), UBS will automatically call the Securities and pay the call price of $11.75 per $10 Security. If not called, maturity payment depends on the underlying return, with a downside threshold of $60.64 (75.00% of the initial level); holders may lose a significant portion or all principal and are exposed to UBS credit risk.
UBS AG is offering $525,000 of Capped Buffer Contingent Absolute Return Securities linked to the S&P 500® Index, maturing on March 31, 2027. Each $1,000 Security participates in positive index performance up to a 11.25% maximum upside (maximum payment $1,112.50). The Securities provide a 10.00% buffer (downside threshold equal to 6,251.52, which is 90.00% of the initial level 6,946.13) that preserves contingent absolute repayment only if the final level is at or above the threshold. If the final level is below the threshold, holders suffer losses exceeding the buffer and could lose almost all principal. The estimated initial value per Security on the trade date was $988.50. Payments are unsecured and depend on UBS creditworthiness; hold-to-maturity features and limited secondary market/liquidity are emphasized.
UBS AG offers $4,481,000 of Trigger Callable Contingent Yield Notes linked to the least performing of the Nasdaq-100, Russell 2000 and EURO STOXX 50, maturing February 28, 2031. The notes pay a quarterly 11.00% per annum contingent coupon only if each index meets its coupon barrier on an observation date; otherwise no coupon is paid.
The issuer may call the notes on any quarterly observation date (other than the final valuation date), in which case holders receive principal plus any contingent coupon due on the call settlement date. If not called, principal is repaid at maturity only if each index’s final level is at or above its downside threshold; otherwise the maturity payment equals $1,000 multiplied by (1 + underlying return of the least performing underlying asset), which can result in substantial loss or a total loss of principal. Payments depend on UBS creditworthiness.
The issuer UBS AG is offering Capped GEARS linked to the Russell 2000® Index with a $10 principal per Security and a term of approximately 14 months. The Securities pay at maturity based on the underlying return from the trade date to the final valuation date, with upside gearing 3.00, a maximum gain 20.50% (maximum payment $12.05 per Security) and full downside exposure to negative underlying returns (possible loss of all principal). Trade date is February 25, 2026, settlement February 27, 2026, final valuation date April 26, 2027, and maturity April 29, 2027. The issue price to public is $10.00 per Security, aggregate $12,167,000, and the estimated initial value is $9.785 per Security. Payments depend on UBS creditworthiness and the Securities will not be listed on an exchange.
UBS AG offers Trigger Callable Contingent Yield Notes linked to the least performing of three underlying assets. Each Note has a principal amount of $1,000, a contingent coupon rate of 12.75% per annum (contingent coupon $10.625 per payment), and is callable by UBS beginning after 6 months. The trade date is March 4, 2026, settlement is March 9, 2026, the final valuation date is March 5, 2029 and maturity is March 8, 2029.
The Notes pay contingent coupons only if each underlying asset is at or above its coupon barrier (70.00% of initial level) on an observation date; principal at maturity is preserved only if each underlying asset is at or above its downside threshold (60.00% of initial level). If any underlying asset is below its downside threshold at the final valuation date, payment at maturity will be $1,000 × (1 + underlying return of the least performing underlying asset), potentially resulting in a loss of most or all principal. The estimated initial value range is $952.80 to $982.80. All payments are subject to UBS credit risk.
UBS AG offers Trigger Callable Contingent Yield Notes linked to the least performing of three ETFs (iShares Expanded Tech-Software IGV, SPDR Regional Banking KRE, and Financial Select Sector XLF) maturing January 30, 2030. Each Note has a principal amount of $1,000, a contingent coupon rate of 16.60% per annum payable only when each underlying asset is at or above its coupon barrier on an observation date, and monthly observation dates (callable by UBS after three months).
The Notes repay $1,000 at maturity only if each final level is at or above its downside threshold (generally 60% of initial level); otherwise repayment at maturity equals $1,000×(1 + underlying return of the least performing underlying asset), potentially resulting in a substantial or total loss. Estimated initial value range on the trade date is $943.70 to $973.70. Payments are subject to UBS credit risk. Strike date: February 25, 2026; Trade date: March 2, 2026; Settlement date: March 5, 2026.