UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Micron Technology, Inc. The notes have a trade date of February 23, 2026, expected settlement on February 25, 2026, final valuation on February 23, 2028, and maturity on February 25, 2028.
Each Note has a principal amount of $10 and a minimum investment of 100 Notes ($1,000). UBS expects the estimated initial value per Note to be between $9.42 and $9.67. The notes may pay periodic contingent coupons only if the underlying stock closes at or above a coupon barrier on observation dates, are subject to automatic early call if the stock closes at or above the initial level on an observation date, and expose investors to downside market risk at maturity if the final level is below a downside threshold (examples use a 50.00% downside threshold and coupon barrier). Payments, including principal repayment, are subject to the creditworthiness of UBS. This is a preliminary pricing supplement; final terms will be set on the trade date and the Offering Documents must be delivered in final form before any sale.
UBS AG offers Trigger Autocallable Contingent Yield Notes linked to NVIDIA common stock due February 25, 2027. The Notes pay periodic contingent coupons only if the underlying closing level meets a coupon barrier on observation dates and may be automatically called early if the underlying equals or exceeds the initial level on any prior observation date.
If not called, principal repayment at maturity is contingent: if the final level is at or above the downside threshold the principal amount of $10 per Note is paid; if below, repayment is reduced pro rata to the underlying return, potentially causing substantial or total loss. All payments are subject to UBS credit risk.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Amazon.com, Inc. with final maturity on February 25, 2028. Each Note has a principal amount of $10 and the offering is described with an illustrative contingent coupon rate of 10.11% per annum and an estimated initial value of $9.72 per Note.
The Notes pay a contingent coupon on each coupon payment date only if the closing level of the underlying stock on the applicable observation date meets or exceeds the coupon barrier; otherwise no coupon is paid. The Notes are automatically called early on any quarterly observation date (beginning after six months) if the closing level is equal to or greater than the initial level, in which case UBS pays principal plus any contingent coupon then due. If not called and the final level is below the downside threshold, repayment at maturity will be reduced proportionally to the underlying return and could result in the loss of all principal. All payments depend on UBS's creditworthiness.
UBS AG has released a Preliminary Pricing Supplement for $• Trigger Autocallable Contingent Yield Notes linked to the common stock of NVIDIA Corporation, with trade date February 23, 2026, expected settlement February 25, 2026 and maturity on or about February 25, 2027.
The Notes pay periodic contingent coupons only if the closing level of the underlying is at or above a coupon barrier on observation dates and are autocallable if the underlying closes at or above the initial level on an observation date. If not called and the final level is below the downside threshold, principal repayment at maturity is reduced pro rata to the underlying return. Minimum investment is 100 Notes at $10 per Note; the estimated initial value range is $9.56 to $9.81 as of the trade date.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of CrowdStrike Holdings, Inc. The Notes mature on February 26, 2029 with a final valuation date of February 22, 2029. UBS will pay periodic contingent coupons only if the underlying closing level meets the coupon barrier on scheduled observation dates; coupons are otherwise unpaid. The Notes are subject to automatic early call on any quarterly observation date (beginning after six months) if the underlying closing level is at or above the initial level, in which case UBS pays principal plus any contingent coupon on the related call settlement date.
The Notes repay principal at maturity only if the final level is at or above the disclosed downside threshold ($60.00, equal to 60.00% of the initial level); if the final level is below that threshold, repayment falls below principal and may equal $10 multiplied by (1 + underlying return), potentially resulting in a complete loss. Trade date was February 23, 2026, settlement February 25, 2026. Minimum investment is 100 Notes (principal $1,000); estimated initial value per Note was $9.74. Example contingent coupon terms show a hypothetical 18.03% per annum rate (contingent coupon $0.4508 per $10 Note).
UBS AG offers a preliminary pricing supplement for $• Trigger Autocallable Contingent Yield Notes linked to the common stock of Amazon.com, Inc., with trade date February 23, 2026, settlement February 25, 2026 and expected maturity on or about February 25, 2028. The Notes pay periodic contingent coupons only if the underlying stock meets a coupon barrier on observation dates, feature quarterly observation dates beginning after six months and include an automatic call if the stock equals or exceeds the initial level on any observation date.
The Notes have a principal amount of $10 per Note in the examples, a minimum investment of 100 Notes ($1,000), an example contingent coupon rate of 9.65% per annum and an estimated initial value range of $9.42 to $9.67 as of the trade date. Payments, including any contingent coupons or repayment of principal, are subject to the creditworthiness of UBS.
UBS AG is offering $620,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Meta Platforms, Inc. The Notes mature on February 26, 2029 with a final valuation date of February 22, 2029 and may be called quarterly beginning about six months after the trade date.
The Notes pay periodic contingent coupons only if the underlying closing level meets or exceeds the coupon barrier on an observation date; otherwise no coupon is paid. If not called and the final level is below the downside threshold, principal repayment will be contingent and may be reduced by the percentage decline in the underlying asset, potentially causing a loss of all principal. Payments are subject to UBS's creditworthiness. The offering lists a minimum investment of 100 Notes ($1,000) and an estimated initial value of $9.74 per Note as of the trade date.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of CrowdStrike Holdings, Inc. The trade date is February 23, 2026, settlement date is February 25, 2026, final valuation date is February 22, 2029, and maturity is February 26, 2029.
Each Note has a principal amount of $10 and a minimum purchase of 100 Notes ($1,000). The preliminary estimated initial value range is $9.36 to $9.61 per Note. The Notes may pay periodic contingent coupons and may be automatically called quarterly (beginning after six months) if the underlying closing level meets the initial level. If not called and the final level is below the downside threshold, repayment at maturity may be less than principal and could result in a full loss; all payments are subject to the creditworthiness of UBS AG.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Micron Technology stock maturing on February 26, 2029. The Notes pay a contingent coupon only if the underlying closing level on an observation date meets or exceeds the coupon barrier and will autocall quarterly (beginning after six months) if the closing level meets or exceeds the initial level.
The Notes have a $10 principal per Note, an illustrative contingent coupon rate of 23.71% per annum (contingent coupon $0.5928 per $10 Note), a downside threshold of $50.00 (50% of the initial level), an estimated initial value of $9.68, and minimum investment of 100 Notes ($1,000). Repayment of principal at maturity is contingent on the final level and subject to the creditworthiness of UBS; you may lose a significant portion or all of your investment.
UBS AG is offering preliminary Trigger Autocallable Contingent Yield Notes linked to the common stock of Meta Platforms, Inc., with an expected maturity on February 26, 2029. The offering is preliminary and final terms will be set on the trade date.
The Notes pay periodic contingent coupons only if the underlying closing level meets a coupon barrier on observation dates, are automatically callable if the underlying equals or exceeds the initial level on any quarterly observation (beginning ~6 months), and repay principal at maturity only if the final level is at or above a stated downside threshold. Example illustrative terms show a $10 principal per Note, a hypothetical contingent coupon rate of 9.85% per annum, a coupon barrier at $70.00 (70% of initial), and a downside threshold at $60.00 (60% of initial).