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UBS AG offers Trigger Yield Notes linked to the common stock of Apollo Global Management, Inc. The Notes pay a coupon of $0.2443 quarterly (equivalent to a 9.77% per annum coupon) on a $10 principal amount and mature on February 24, 2028. If the final level of the underlying asset on the final valuation date is equal to or above the downside threshold, UBS will repay the principal amount of $10 at maturity plus the coupon. If the final level is below the downside threshold, the cash payment at maturity will equal $10 x (1 + Underlying Return), resulting in a loss equal to the percentage decline of the underlying asset (and, in extreme cases, a total loss). The trade date is February 20, 2026 and the settlement date is February 24, 2026. Payments, including any principal repayment, are subject to the creditworthiness of UBS AG. The estimated initial value on the trade date was $9.81. The Notes are offered at a minimum investment of 100 Notes at $10 per Note.
UBS AG is offering $500,000 principal of Trigger Autocallable Contingent Yield Notes linked to the common stock of NVIDIA Corporation, maturing on February 26, 2029. The notes pay contingent coupons only if observation-date closing levels meet a coupon barrier and are subject to quarterly automatic call starting about six months post-issuance.
The notes repay principal at maturity only if the final level is at or above a disclosed downside threshold; if below, repayment is reduced in proportion to the underlying return and full loss of principal is possible. All payments depend on the creditworthiness of UBS.
UBS AG offers a preliminary pricing supplement for Trigger Yield Notes linked to the common stock of Apollo Global Management, Inc. The notes are unsubordinated, unsecured debt due on or about February 24, 2028 with a principal amount of $10 per Note and an expected term of approximately 24 months.
The structure pays a quarterly coupon (example coupon rate shown 9.14% per annum producing a hypothetical quarterly payment of $0.2285 on a $10 note). Principal repayment at maturity is contingent: if the underlying stock's final level is equal to or above a downside threshold, UBS will repay the principal in cash; if below, repayment will be reduced proportionally to the underlying return, and investors could lose a significant portion or all of their investment. Trade date is February 20, 2026 with expected settlement on February 24, 2026.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Intel Corporation with expected $10 principal per Note and a maturity date of February 26, 2029. The trade date is February 20, 2026 and settlement is expected on February 24, 2026.
The Notes pay contingent coupons only when the underlying stock's closing level on an observation date is at or above a coupon barrier; they automatically call early if the underlying equals or exceeds the initial level on any monthly observation date starting after three months. If not called, principal is repaid at maturity only if the final level is at or above a downside threshold; otherwise principal is reduced proportionally to the underlying return, possibly resulting in total loss. The preliminary estimated initial value range is $9.37 to $9.62 per Note. Minimum investment is 100 Notes (representing $1,000).
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Micron Technology common stock. The notes mature on February 24, 2028 with a final valuation date of February 22, 2028. The terms include periodic contingent coupons (a disclosed illustrative rate of 24.97% per annum) and an automatic call if the underlying closes at or above the initial level on an observation date. If not called, principal repayment at maturity is contingent: full principal is paid if the final level is at or above the downside threshold (illustratively $50.00, 50.00% of the initial level); if below, repayment equals $10 x (1 + underlying return) and investors can lose a significant portion or all principal. Trade date and settlement are February 20, 2026 and February 24, 2026. The estimated initial value is $9.77, and the minimum investment is 100 Notes (principal $1,000). All payments depend on UBS creditworthiness.
UBS AG offers Trigger Autocallable Contingent Yield Notes linked to the common stock of NVIDIA Corporation, as set forth in a Preliminary Pricing Supplement dated February 20, 2026. The Notes mature on February 26, 2029 and pay contingent coupons only if the underlying closing level meets a coupon barrier on observation dates; they are subject to automatic quarterly calls beginning about six months after the trade date.
The Notes repay principal at maturity only if the final level meets a downside threshold; if the final level is below that threshold, investors suffer a loss equal to the underlying return and could lose their entire investment. All payments are subject to the creditworthiness of UBS AG. Trade and settlement dates are February 20, 2026 and February 24, 2026, respectively; the estimated initial value per $10 Note is between $9.36 and $9.61 as of the trade date.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Micron Technology, Inc., due on or about February 24, 2028. The notes pay a contingent coupon only if the underlying closing level meets or exceeds a coupon barrier on observation dates and will be automatically called early if the underlying 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 the downside threshold; otherwise principal is reduced in proportion to the underlying return and investors could lose a significant portion or all of their investment. The offering has a minimum purchase of 100 notes at $10 per note, and UBS estimates an initial value range of $9.42 to $9.67 per note as of the trade date.
UBS AG is offering Trigger Callable Contingent Yield Notes due February 23, 2029 linked to the least performing of three underlying assets: the State Street SPDR S&P Regional Banking ETF (KRE), the Nasdaq-100 Technology Sector (NDXT) and the State Street Energy Select Sector SPDR ETF (XLE). The offering size is $2,447,000 in aggregate with a principal amount of $1,000 per Note and a contingent coupon rate of 12.70% per annum. The estimated initial value per Note is $979.10 and the issue price is $1,000 per Note; underwriting discount is $7 per Note. The Notes are issuer-callable beginning after six months on monthly observation dates. At maturity you receive principal only if each underlying asset’s final level is at or above its downside threshold; otherwise repayment is reduced proportionally to the negative return of the least performing underlying asset, and you could lose all of your investment. All payments are subject to UBS credit risk.
UBS AG is offering $500,000 of Capped GEARS linked to the Russell 2000® Index due February 25, 2027. Each Security has a $1,000 principal amount, $1,180.00 maximum payment at maturity and an 18.00% maximum gain with 3.00 upside gearing.
The payment at maturity depends on the underlying return between the strike date (February 18, 2026) and the final valuation date (February 19, 2027): investors receive principal plus capped upside if the Russell 2000® rises, full loss exposure to the index if it falls, and no interest. All payments, including any principal repayment, are subject to UBS credit risk.
UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing common stock of Amazon.com, Inc., The Walt Disney Company and United Parcel Service, Inc., due February 24, 2031. The offering size is $311,000.00 ( $1,000 per Note). The Notes pay a 14.75% per annum contingent coupon when each underlying asset meets its coupon barrier on an observation date; UBS may call the Notes monthly beginning after three months. At maturity, principal is repaid only if each underlying asset is at or above its downside threshold; otherwise repayment reflects the percentage decline of the least performing underlying asset. All payments are subject to the creditworthiness of UBS.