UBS AG is offering $4,585,000 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. The Notes pay a contingent coupon of 12.25% per annum if, on each observation date, every underlying asset is at or above its coupon barrier.
The Notes have a principal amount of $1,000 per Note, trade date February 20, 2026, settlement February 25, 2026, final valuation date January 20, 2028 and maturity January 25, 2028. If UBS calls early, holders receive principal plus any contingent coupon due on the call settlement date. If not called and any underlying asset finishes below its 70.00% downside threshold, maturity payment will be reduced proportionally to the negative return of the least performing underlying asset; losses up to 100% of principal are possible. The estimated initial value was $969.70 and the issue price per Note is $1,000.
UBS AG is offering Trigger Autocallable Contingent Yield Notes due on or about March 4, 2031. The Notes pay a 7.15% per annum contingent coupon if each underlying (the S&P 500®, Nasdaq-100® and Russell 2000®) is at or above its coupon barrier on an observation date, are callable monthly after 12 months if all underlyings meet a call threshold, and repay principal at maturity only if each underlying is at or above a 70.00% downside threshold; otherwise repayment at maturity can reflect the negative return of the least performing underlying, potentially causing substantial or total loss of principal.
The preliminary terms show an issue price of $1,000.00 per Note, an estimated initial value range of $923.90 to $953.90, an underwriting discount of up to $41.25 per Note and minimum proceeds to UBS of $958.75 per Note. The final economic terms will be set on the strike date and disclosed in the final pricing supplement.
UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the Dow Jones Industrial Average, the Russell 2000 and the Nasdaq-100 Technology Sector, maturing on or about March 11, 2031. The Notes pay a contingent coupon of 11.75% per annum only when each underlying meets its coupon barrier on an observation date and are issuer-callable monthly beginning after six months.
The issue price is $1,000.00 per Note, with underwriting discount $7.50 and proceeds to UBS of $992.50 per Note. The estimated initial value range is $952.80 to $982.80. Principal repayment at maturity is contingent on the final levels versus downside thresholds, and investors may lose a significant portion or all of their investment. All payments are subject to UBS credit risk.
UBS AG is offering $12,301,000 of Contingent Income Auto-Callable Securities due February 23, 2029 linked to the common stock of Wells Fargo & Company. Each security has a stated principal amount of $1,000.00 and an initial price of $88.70, with a downside threshold of $66.53 (75.00% of the initial price) and a call threshold of $88.70 (100.00% of the initial price).
The securities pay a contingent payment of $27.50 per period (equivalent to 11.00% per annum) only if the closing price on a determination date is at or above the downside threshold. If a determination date meets or exceeds the call threshold (other than the final determination date), the securities are automatically redeemed early for the stated principal plus the contingent payment. If not redeemed and the final price is below the downside threshold, UBS will deliver a cash value based on the exchange ratio, exposing holders to a loss of a significant portion or all of their investment; payments are subject to UBS credit risk.
UBS AG London Branch is offering $7,365,000 aggregate face amount of Digital S&P 500® Index-Linked Medium-Term Notes due January 12, 2028. The notes do not bear interest and pay a cash settlement at maturity tied to the S&P 500® Index performance from the trade date February 20, 2026
If the final underlier level on the determination date is at or above the buffer level of 87.50% (initial underlier level 6,909.51; buffer level 6,045.82125), holders receive the maximum settlement amount of $1,163.20 per $1,000 face amount. If the final underlier level is below the buffer, losses accrue at approximately 1.1429% of face amount for each 1.00% decline below the buffer; investors could lose their entire investment. The estimated initial value on the trade date was $998.00 per $1,000 face amount and the issue price is 100.00%.
UBS AG offers Trigger Callable Contingent Yield Notes linked to the least performing of the MSCI EAFE®, MSCI Emerging Markets and STOXX Europe 600 Indices. The Notes have a principal amount of $1,000 per Note and a term of approximately two years with a contingent coupon rate of 9.00% per annum. The initial levels were set on the Strike Date: February 23, 2026 and the Notes are callable by UBS in whole beginning after 12 months on scheduled quarterly observation dates. If UBS does not call the Notes, repayment at maturity is contingent: holders receive principal only if each underlying index’s final level is at or above its downside threshold (each set at 75.00% of its initial level); otherwise the payment equals $1,000×(1 + underlying return of the least performing underlying asset), which can result in a substantial loss, including loss of all principal. The issue price is $1,000 per Note, the estimated initial value range is $945.20 to $975.20, the underwriting discount is $4.00 per Note, and proceeds to UBS are $996.00 per Note. Any payment on the Notes depends on UBS’s creditworthiness.
UBS AG is offering $846,000 of Trigger In‑Digital Securities linked to the iShares® Expanded Tech‑Software Sector ETF with a maturity date of March 29, 2027. The securities have a principal amount of $1,000 per Security and a digital return of 10.45%. If the ETF’s closing level on the final valuation date is equal to or above the digital barrier of $53.86 (70.00% of the initial level), holders receive principal plus the digital return; if below that barrier, holders suffer losses of principal equal to the underlying return, potentially up to a 100% loss.
The trade date is February 23, 2026, settlement is expected February 26, 2026, the final valuation date is March 23, 2027 and the securities are subject to UBS credit risk and limited secondary‑market liquidity. The issue price to the public is $1,000 per Security and total proceeds to UBS AG (net of underwriting compensation) are shown as $830,137.50 on the cover.
UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the Dow Jones Industrial Average®, the Nasdaq-100® Technology Sector and the Russell 2000® Index. The Notes have a stated principal amount of $1,000 per Note and a term of approximately three years, with a trade date of February 27, 2026, expected settlement on March 4, 2026, a final valuation date of February 27, 2029 and a maturity date of March 2, 2029.
The Notes pay a periodic contingent coupon only if the closing level of each underlying asset is at or above its coupon barrier on an observation date; otherwise no coupon is paid. UBS may call the Notes in whole (beginning after three months). If not called, repayment at maturity is contingent: if any underlying asset closes below its downside threshold (generally 70.00% of its initial level), the payment may be less than principal and could result in loss of a significant portion or all of the investment. All payments are subject to UBS credit risk.
UBS AG is offering Trigger Autocallable Notes linked to the least performing of the Nasdaq-100 Index and the S&P 500 Index, with final terms set on the trade date.
The Notes have a principal amount of $1,000 per Note, a term of approximately 3 years, a 9.05% per annum call return rate, quarterly observation dates, a final valuation date of February 27, 2029 and a maturity date of March 2, 2029. The Notes will be automatically called if on any observation date the closing level of each underlying asset equals or exceeds its call threshold (100% of initial level). If not called, repayment at maturity is contingent: if each final level is at or above its downside threshold (70% of initial level) you receive the principal; if the final level of any underlying asset is below its downside threshold you receive an amount reduced in proportion to the decline of the least performing underlying asset, potentially resulting in the loss of a significant portion or all of your investment. All payments are subject to UBS credit risk and the Notes are not FDIC insured.
UBS AG is offering Trigger Autocallable Notes linked to the S&P 500® Index due on or about March 6, 2031. The Notes have a principal amount of $1,000 per Note, a stated call return rate of 9.20% per annum and observation dates semiannually beginning after 12 months. The Notes will be automatically called if the closing level of the S&P 500® Index on any observation date is at or above a call threshold equal to 100% of the initial level; the downside threshold is 70% of the initial level. Payments at maturity depend on the final level: full principal is returned if the final level is at or above the downside threshold, otherwise holders suffer a loss equal to the index decline (potentially a total loss). Trade date is March 3, 2026 with expected settlement March 6, 2026. All payments are subject to UBS credit risk and the estimated initial value is shown as a range in the supplement.