UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the Dow Jones Industrial Average®, the Russell 2000® Index and the EURO STOXX 50® Index. The Notes have a $10 principal amount per Note, an expected trade date of February 26, 2026, settlement on February 27, 2026, a final valuation date of November 26, 2029 and expected maturity of November 28, 2029.
The Notes pay a fixed 11.75% per annum contingent coupon for an observation period only if each underlying asset closes at or above its coupon barrier on every trading day in that period. Coupon barriers are set at 70.00% of initial levels and downside thresholds at 60.00% of initial levels. UBS may call the Notes quarterly; if not called, principal repayment at maturity is contingent: full principal if every final level is at or above downside thresholds, otherwise the payoff equals $10 × (1 + underlying return of the least performing underlying asset), which can result in large principal losses, including loss of all principal.
UBS AG is offering Buffer GEARS securities linked to the least performing of the MSCI EAFE® Index and the EURO STOXX 50® Index, due on or about September 14, 2027. The securities have a principal amount of $1,000 per Security, an upside gearing of 1.2015 and a buffer of 20.00% (downside thresholds equal to 80.00% of initial levels). Key dates include trade date March 9, 2026 and settlement date March 12, 2026. If the least performing underlying return is positive, payment at maturity equals principal plus that return times the upside gearing; if negative and below the downside threshold, principal is reduced by the amount the final level is below the initial level in excess of the buffer (in extreme cases you could lose almost all of your investment). The estimated initial value range is $950.90 to $980.90 and the issue price is $1,000.00 with an underwriting discount of $7.50 ($992.50 proceeds to UBS per Security).
UBS AG offers Trigger Callable Contingent Yield Notes linked to the least performing of three ETFs: iShares Expanded Tech-Software (IGV), State Street SPDR S&P Regional Banking (KRE) and State Street Energy Select Sector (XLE). Each Note has a principal amount of $1,000, a contingent coupon rate of 19.75% per annum and an approximate term to maturity of approximately 47 months with a January 30, 2030 maturity date.
The Notes pay a contingent coupon on each coupon payment date only if the closing level of each underlying asset is at or above its coupon barrier on the related observation date. UBS may call the Notes in whole on monthly observation dates beginning after three months. If not called, repayment at maturity is contingent: if every underlying asset is at or above its downside threshold the principal is returned; if any underlying asset is below its downside threshold the payment equals $1,000 × (1 + underlying return of the least performing underlying asset), which can result in a substantial loss or total loss of principal. All payments are subject to UBS credit risk.
UBS AG is offering Airbag Callable Contingent Yield Notes linked to the least performing of three ETFs (IWM, XLI, XLU). The Notes pay a 13.15% per annum contingent coupon if each underlying is at or above its coupon barrier on an observation date. The term is approximately 9 months (strike February 25, 2026; trade February 26, 2026; settlement March 3, 2026; final valuation November 25, 2026; maturity December 1, 2026).
The Notes are issuer-callable on monthly observation dates (UBS may call regardless of performance). Principal is contingent at maturity: if every underlying is at or above its downside threshold (85.00% of initial levels; 15.00% threshold), you receive $1,000 per Note; otherwise repayment is reduced with a downside leverage of approximately 1.1765, exposing holders to leveraged losses and potential full loss. All payments are subject to UBS credit risk. The issue price per Note is $1,000 and the estimated initial value range is $959.90 to $989.90.
UBS AG offers a preliminary pricing supplement for Contingent Income Callable Securities linked to the S&P 500® Index due on or about March 9, 2028. Each security has a stated principal amount of $1,000.00 and a contingent payment of $22.375 (equivalent to 8.95% per annum) payable on each determination date if the index closing level is at or above 80.00% of the initial index level. The expected pricing date is March 6, 2026 and the issue price is $1,000.00 per security; the estimated initial value range is $953 to $983. The securities are unsecured obligations of UBS AG, subject to UBS credit risk, are callable by UBS on specified determination dates, do not participate in upside beyond the contingent payments, and may pay less than principal at maturity if the final index level is below the 80.00% downside threshold level.
UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of three ETFs: IGV (iShares Expanded Tech-Software), KRE (SPDR Regional Banking) and XLY (Consumer Discretionary Select Sector). Each Note has a principal amount of $1,000 and a contingent coupon rate of 17.80% per annum payable only when the closing level of each underlying asset is at or above its coupon barrier on an observation date.
The Notes are callable by UBS beginning after three months, with a Final Valuation Date of January 25, 2030 and a Maturity Date of January 30, 2030. Coupon barriers are set at 70% of initial levels and downside thresholds at 60%. If not called and any final level is below its downside threshold, the maturity payment exposes holders to the negative return of the least performing underlying asset and could result in loss of some or all principal. Payments are subject to UBS creditworthiness.
UBS AG offers Trigger Autocallable Notes with Contingent Accreting Return linked to the least performing of the Nasdaq-100® Technology Sector, the Russell 2000® Index and the S&P 500® Index, with expected term of approximately three years. The notes pay no current income and may be automatically called monthly beginning after 12 months if each underlying asset meets its call threshold. If not called, repayment at maturity depends on the least performing underlying asset relative to a 60% downside threshold; in the worst case you could lose all principal. The contingent accreting return rate cited is 9.75% per annum for the Nasdaq-100® Technology Sector reference line and the estimated initial value range is $957.60–$987.60 per $1,000 note.
UBS AG is offering Trigger Autocallable Yield Notes linked to the common stock of Zscaler, Inc. Each Note has a $1,000 principal amount, a fixed coupon rate of 11.50% per annum, an expected trade date of March 13, 2026, an expected settlement date of March 18, 2026, a final valuation date of March 13, 2029 and a maturity date of March 16, 2029.
The Notes pay quarterly coupons unless automatically called. They are automatically callable on quarterly observation dates beginning after 12 months if the closing level of Zscaler's stock is at or above the call threshold (set at 100.00% of the initial level). If not called, principal is contingent at maturity: full principal is returned if the final level is at or above the downside threshold (set at 50.00% of the initial level); if below, repayment falls in proportion to the underlying return and could result in a substantial or complete loss of principal. The estimated initial value range on the trade date is $932.90 to $962.90, and the underwriting discount is $28.50 per Note.
UBS AG offers Trigger Autocallable Contingent Yield Notes linked to Amazon.com, Inc. Each Note has a principal amount of $1,000, a contingent coupon rate of at least 10.00% per annum and a term of approximately two years, with the trade date of February 27, 2026 and expected settlement on March 4, 2026.
The Notes pay contingent quarterly coupons only if the underlying closing level meets the coupon barrier; they are automatically called if the underlying meets the call threshold on an observation date. At maturity, principal is repaid in cash only if the final level is at or above the downside threshold; otherwise holders receive a share delivery amount (principal divided by the initial level), which can result in substantial or total loss of principal. All payments are subject to UBS credit risk and the final economic terms will be set on the trade date.
UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of three ETFs: the iShares Expanded Tech-Software ETF (IGV), the SPDR S&P Regional Banking ETF (KRE) and the Communication Services Select Sector SPDR ETF (XLC).
The Notes pay a contingent coupon of 17.25% per annum when, on an observation date, the closing level of each underlying asset is at or above its coupon barrier. The Notes are issuer-callable beginning after three months, have a strike date of February 25, 2026, a final valuation date of January 25, 2030, and a maturity date of January 30, 2030. The issue price is $1,000.00 per Note; UBS states estimated initial values between $943.70 and $973.70. If not called, repayment at maturity is contingent: investors receive principal only if each underlying is at or above its downside threshold; otherwise repayment declines with the percentage loss of the least performing underlying asset.