UBS AG offers preliminary Trigger Autocallable Contingent Yield Notes linked to the common stock of Uber Technologies, Inc. The trade date is February 19, 2026, settlement is February 23, 2026, the final valuation date is August 19, 2027 and expected maturity is August 23, 2027.
The Notes have a $10 principal amount per Note, a minimum purchase of 100 Notes (a $1,000 investment) and an estimated initial value range of $9.41 to $9.66 as of the trade date. UBS will pay contingent coupons only when the underlying closing level meets or exceeds a coupon barrier on observation dates, and the Notes will autocall early if the underlying closes at or above the initial level on any quarterly observation date beginning after six months. If not called and the final level is below the downside threshold, principal repayment at maturity may be less than the principal amount, potentially resulting in a loss up to the full investment. Any payments are subject to the creditworthiness of UBS.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Micron Technology, Inc. due on or about February 23, 2028. The trade date is February 19, 2026 with expected settlement on February 23, 2026 and a final valuation date of February 18, 2028.
The Notes pay contingent quarterly coupons only if the underlying closing level is at or above a coupon barrier on an observation date and are subject to automatic early call if the underlying closes at or above the initial level on any qualifying observation date (quarterly, beginning after nine months). If not called and the final level is below the downside threshold, principal repayment at maturity may be reduced in proportion to the underlying return, potentially resulting in a total loss. Minimum investment is 100 Notes at $10 per Note. The estimated initial value is between $9.38 and $9.63 per Note.
UBS AG offers Trigger Callable Contingent Yield Notes linked to the least performing of the Russell 2000®, EURO STOXX 50® and the State Street® Utilities Select Sector SPDR® ETF. The Notes have a principal amount of $1,000 per Note, an expected term of approximately three years, a contingent coupon rate shown as 10.30% per annum for the Russell 2000® leg, quarterly observation dates beginning May 26, 2026, an expected trade date of February 24, 2026 and an expected maturity of March 1, 2029.
The Notes pay contingent coupons only if each underlying asset meets its coupon barrier on an observation date; UBS may call the Notes in whole (beginning after six months). Principal repayment at maturity is contingent: if any underlying asset finishes below its downside threshold, repayment may be reduced proportionally to the loss of the least performing underlying asset. Payments are subject to UBS credit risk. The estimated initial value range is stated between $957.10 and $987.10 per Note.
UBS AG is offering Capped Buffer GEARS linked to an equally-weighted basket of 26 selected equities with an expected term of approximately 24 months. The Securities are issued at $10.00 per Security with a minimum investment of 100 Securities and provide upside exposure with 2.00 upside gearing and a buffer of 10.00.
At maturity, a positive basket return pays principal plus the lesser of (a) basket return × upside gearing or (b) the maximum gain (42.00–46.40); if final basket level is below the downside threshold (90.00 of initial), investors suffer losses beyond the buffer and could lose almost all principal. Payments are subject to UBS credit risk. Estimated initial value range is $9.436–$9.736 as of the trade date.
UBS AG London Branch is offering Digital S&P 500® Index‑Linked medium‑term notes that do not bear interest and have a face amount of $1,000 per note. The notes measure S&P 500 performance from the trade date to a determination date expected 20 to 23 months later.
If the final underlier level is at or above a buffer set at 87.50% of the initial underlier level, holders receive a capped maximum settlement amount expected to be between $1,129.30 and $1,152.10 per $1,000 face amount. If the final level falls below the buffer, losses accrue at approximately 1.1429% of face amount for each 1.00% decline below the buffer; holders can lose their entire investment. The estimated initial value on the trade date is expected to be between $967.50 and $997.50, and the stated issue price is 100.00% of face amount.
UBS AG is offering Capped GEARS linked to the Russell 2000® Index, a ~12-month unsecured note that pays at maturity based on the percentage change in the Russell 2000 from the Strike Date to the Final Valuation Date. Each Security has a $1,000 principal amount, Upside Gearing of 3.00%, a Maximum Gain of 18.00% and a maximum payment at maturity of $1,180.00. Key dates include Strike Date: February 18, 2026, Trade Date: February 19, 2026 and Maturity Date: February 25, 2027.
The payment profile: if the underlying return is positive, maturity payment = $1,000 × (1 + the lesser of (Underlying Return × Upside Gearing) and the Maximum Gain); if zero, you receive principal; if negative, you suffer losses proportionate to the underlying return and could lose all principal. The estimated initial value range on the trade date is between $943.10 and $973.10; the underwriting discount is $17.50 per Security and proceeds to UBS are $982.50 per Security. Purchasers bear both market exposure to the Russell 2000 and UBS credit risk, limited upside and no interest or dividend benefits.
UBS AG is offering $500,000 of Trigger Callable Contingent Yield Notes due February 23, 2029. The Notes pay a 10.17% per annum contingent coupon if, on each monthly observation date, the closing level of the Russell 2000, S&P 500 and XLU is at or above its coupon barrier.
If UBS elects to call the Notes (first callable after three months), holders receive principal plus any contingent coupon on the call settlement date. If not called, principal is repaid at maturity only if each underlying’s final level is at or above its downside threshold (each set at 70.00% of initial levels). If the least performing underlying is below its downside threshold, maturity payment = $1,000×(1 + underlying return of the least performing underlying), which can result in substantial or total loss. All payments remain subject to UBS credit risk.
UBS AG is offering $435,000 of Buffer Autocallable Contingent Yield Notes linked to the least performing of the Russell 2000® Index and the State Street® Utilities Select Sector SPDR® ETF. Each Note has a $1,000 principal amount, a contingent coupon rate of 6.50% per annum, a 15.00% buffer, monthly observation dates (callable after 12 months), an estimated initial value of $948.30, a final valuation date of February 18, 2031, and maturity on February 21, 2031.
The Notes pay contingent coupons only if both underlying assets meet coupon barriers on an observation date, are automatically called if both meet call thresholds on an observation date, and repay principal at maturity only if the least performing underlying asset is not below its downside threshold; otherwise principal is reduced by the loss of the least performing underlying asset in excess of the buffer. Payments are subject to UBS credit risk.
UBS AG offers $500,000 of Trigger Callable Contingent Yield Notes linked to the least performing of the Invesco S&P 500® Equal Weight ETF (RSP), the Russell 2000® Index (RTY) and the State Street® Utilities Select Sector SPDR® ETF (XLU). The Notes have a principal amount of $1,000 per Note, a contingent coupon rate of 9.25% per annum, a strike date of February 17, 2026, trade and settlement dates in February 2026, and a final valuation and maturity in February 2031.
The Notes pay periodic contingent coupons only if each underlying asset is at or above its coupon barrier on an observation date; UBS may call the Notes in whole on monthly observation dates beginning after six months. If not called, principal is repaid at maturity only if each underlying asset is at or above its downside threshold; otherwise repayment is reduced by the negative return of the least performing underlying asset. Payments are unsecured obligations of UBS and depend on UBS creditworthiness. The issue price totals $500,000.00 and the estimated initial value per Note was $986.60 on the trade date.
UBS AG offers Trigger Callable Contingent Yield Notes linked to the least performing of the State Street SPDR ETFs KRE, XBI and XLF, due on or about February 28, 2030. The notes pay a 18.70% per annum contingent coupon when each underlying is at or above its coupon barrier on observation dates; otherwise no coupon is paid.
The notes are issuer-callable beginning after three months on monthly observation dates; if called UBS will pay principal plus any contingent coupon on the corresponding call settlement date. If not called, principal repayment at maturity is contingent: full principal is returned only if each underlying's final level is at or above its downside threshold (70% of initial level); otherwise repayment falls proportional to the negative return of the least performing underlying asset. Trade date is February 24, 2026 and settlement is February 27, 2026. Estimated initial value range is $952.60 to $982.60 per note; issue price is $1,000.00 per note.