UBS AG files a preliminary pricing supplement to offer Trigger Autocallable Contingent Yield Notes linked to Micron Technology common stock. The Notes pay periodic contingent coupons only if the underlying's closing level meets a coupon barrier and may be autocalled quarterly if the underlying meets or exceeds the initial level. The Notes have a principal amount of $10 per Note, a term to maturity of approximately three years with a Final Valuation Date of February 22, 2029 and Maturity Date of February 26, 2029. Example economics show a hypothetical contingent coupon rate of 22.32% per annum (example coupon $0.558 per $10 Note) and an estimated initial value range of $9.34 to $9.59. If not autocalled and the final level is below the downside threshold (example: $50.00, 50.00% of initial level), principal repayment at maturity may be reduced, potentially resulting in substantial loss of principal. The pricing supplement is preliminary and the final terms will be set on the trade date.
UBS AG offers Trigger Autocallable Contingent Yield Notes linked to Baidu, Inc. ADRs due February 25, 2027. The Notes pay contingent coupons only if the ADR closing level on an observation date meets the coupon barrier and may be automatically called if the ADR 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 an 80.00% downside threshold; otherwise repayment reflects the underlying return and could result in a total loss. Trade date February 23, 2026; settlement February 25, 2026; final valuation date February 23, 2027. Minimum investment: $1,000 (100 Notes at $10 per Note). The estimated initial value was $9.74 per Note. All payments are subject to UBS credit risk.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Amazon.com common stock due February 25, 2028. The issuer will pay contingent coupons only when the underlying closes at or above a coupon barrier on specified observation dates; the Notes may be automatically called on quarterly observation dates beginning about six months after trade.
The Notes pay contingent coupon examples show a 12.31% per annum coupon and a contingent coupon of $0.3078 per $10 Note. Minimum investment is 100 Notes (a $1,000 principal investment); the estimated initial value on the trade date is $9.76 per Note. Repayment of principal is contingent at maturity and subject to UBS creditworthiness; if the final level of Amazon is below the downside threshold the cash payment per Note may be less than principal, and you could lose a significant portion or all of your investment.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the American depositary receipts of Baidu, Inc. The notes trade on February 23, 2026, settle on February 25, 2026, and mature on February 25, 2027.
The Notes have a principal amount of $10 per Note and are offered in minimum blocks of 100 Notes ($1,000). UBS will pay contingent coupons only if the underlying ADR closing level on an observation date is at or above a coupon barrier; an automatic call occurs if the closing level is at or above the initial level on any observation date prior to maturity. The preliminary pricing shows an example contingent coupon rate of 21.67% per annum (contingent coupon of $0.5418 per $10 Note) and an estimated initial value range of $9.42 to $9.67.
If not called, principal repayment at maturity is contingent: full principal is paid if the final level is at or above the downside threshold (example: $80.00, or 80.00% of the initial level); if below, repayment equals $10 x (1 + underlying return), potentially causing substantial or total loss. All payments depend on UBS’s creditworthiness.
UBS AG is offering preliminary pricing for Trigger Autocallable Contingent Yield Notes linked to the common stock of Amazon.com, Inc. due on or about February 25, 2028. The notes have an approximate two-year term with an initial denomination of $10 per Note and a minimum purchase of 100 Notes ($1,000). The offering includes a potential periodic contingent coupon (example contingent coupon rate: 11.18% per annum), an automatic quarterly autocall beginning after six months if the underlying equals or exceeds the initial level, and principal protection at maturity only if the final level is at or above a 70% downside threshold. If not called and the final level is below the downside threshold, repayment is reduced pro rata to the underlying return; extreme outcomes could result in total loss of principal. The estimated initial value range on the trade date is between $9.42 and $9.67. All payments are subject to the creditworthiness of UBS AG.
UBS AG is offering Trigger Autocallable Notes with Contingent Accreting Return 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 have a principal amount of $1,000 per Note and a term of approximately five years with a trade date of February 27, 2026 and expected settlement on March 4, 2026. Observation dates are monthly and the Notes are callable after 12 months; final valuation is February 27, 2031 with maturity March 4, 2031.
The Notes may accrete a contingent return (the disclosure shows a contingent accreting return rate of 9.30% per annum and a stated contingent accreting return of $7.75 in the terms) only on observation dates when each underlying asset is at or above its accretion barrier. If not called, principal repayment at maturity is contingent: if any underlying asset is below its downside threshold you suffer a loss equal to the percentage decline of the least performing underlying asset. All payments are subject to the creditworthiness of UBS.
UBS AG is offering $1,060,000 of Trigger Autocallable Notes with Contingent Accreting Return linked to the least performing of the Russell 2000®, the S&P 500® and the State Street Utilities Select Sector SPDR® ETF (XLU). The Notes have a $1,000 principal per Note, an estimated initial value of $991.00, and an issue price of $1,000.00.
The Notes pay no current coupons; contingent accreting returns accrue on monthly observation dates if each underlying asset meets its accretion barrier. UBS may automatically call the Notes on observation dates beginning after February 19, 2027. Final valuation is on February 19, 2031 with maturity on February 24, 2031. Payments and principal are subject to UBS credit risk and the structure exposes investors to potential loss of a significant portion or all principal.
UBS AG is offering digital S&P 500® index-linked medium-term notes with a term expected to be between 12 and 14 months, capped upside and a 10.00% downside buffer set at 90.00% of the initial underlier level. If the final underlier level is at or above the buffer level, holders receive a maximum settlement expected to be between $1,082.40 and $1,096.60 per $1,000 face amount; below the buffer level, losses accrue at approximately 1.1111% of face amount for each 1% decline below the buffer, and investors could lose their entire investment.
The issue price is 100.00% of face amount, underwriting discount 1.05%, and estimated initial value is expected between $956.00 and $986.00 per $1,000, as determined by UBS’ internal pricing models. Key terms (cap level range, threshold/maximum settlement amount range, and trade/settlement dates) will be set on the trade date and are subject to change.
UBS AG is offering UBS AG Trigger Autocallable Contingent Yield Notes with Memory Interest linked to the common stock of HP Inc. The Notes pay a contingent coupon (expected range 13.25% to 14.25% per annum) if the underlying meets specified observation thresholds and may be automatically called prior to maturity.
The Notes have an expected Trade Date: February 27, 2026, Settlement Date: March 4, 2026, a Final Valuation Date: August 27, 2027 and a Maturity Date: August 31, 2027. At maturity the issuer pays cash if the final level is at or above the downside threshold (60.00% of the initial level); otherwise holders receive a share delivery amount equal to $1,000 divided by the initial level, which may be worth significantly less than principal. All payments are subject to UBS credit risk.
UBS AG offers $25,402,500 Trigger Callable Contingent Yield Notes linked to the least performing of the Russell 2000®, S&P 500® and EURO STOXX 50®. The Notes pay a periodic contingent coupon of 11.45% per annum if each index closes at or above its coupon barrier on every trading day during an observation period. Trade date is February 20, 2026, settlement February 24, 2026, final valuation November 20, 2028 and maturity November 22, 2028. Notes are issuer callable on quarterly observation end dates and return principal at maturity only if each index is at or above its downside threshold (60% of initial level); otherwise repayment is reduced by the percentage decline of the least performing underlying asset. Issue price is $10.00 per Note, estimated initial value $9.892, minimum investment 100 Notes.