UBS AG SEC Filings

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.

UBS AG is offering Trigger Autocallable Contingent Yield Notes with Memory Interest linked to the least performing of three ETFs: KRE, SMH and XBI. The notes have a $1,000 principal per note, a contingent coupon of 11.70% per annum and are callable monthly beginning after 12 months. Trade date is February 27, 2026, settlement is March 4, 2026, final valuation date is February 27, 2031 and maturity is March 4, 2031. Key thresholds on the cover: call threshold = 100.00% of initial level, coupon barrier = 70.00% of initial level and downside threshold = 60.00% of initial level. The estimated initial value range is stated as $916.30 to $946.30 and the issue price is $1,000.00 with an underwriting discount up to $41.25 per note. These notes expose investors to the market risk of the least performing underlying ETF and to UBS credit risk; principal repayment at maturity is contingent on the least performing ETF meeting the downside threshold.

UBS AG offers Trigger Callable Contingent Yield Notes linked to the least performing of the iShares Expanded Tech-Software ETF (IGV), State Street Real Estate Select Sector SPDR ETF (XLRE) and State Street Financial Select Sector SPDR ETF (XLF).

Key terms: principal amount $1,000 per Note; contingent coupon rate 17.20% per annum; strike date February 20, 2026; trade date February 24, 2026; settlement date February 27, 2026; final valuation date January 22, 2030; maturity date January 25, 2030; callable by issuer monthly beginning after three months. Contingent coupons pay only if each underlying is at or above its coupon barrier on an observation date; principal is protected at maturity only if each underlying is at or above its downside threshold (generally 70% of initial levels). Initial levels shown: IGV $80.78, XLRE $43.56, XLF $52.49. The estimated initial value range is $948.50 to $978.50 on the trade date. All payments are subject to UBS credit risk.