UBS AG SEC Filings

UBS AG is offering $1,978,000 of Trigger Autocallable Yield Notes linked to the common stock of Dell Technologies Inc., due February 23, 2029. The Notes pay a fixed 10.00% per annum coupon, have a principal amount of $1,000 per Note and quarterly observation dates beginning after 12 months.

The Notes are automatically called if the closing level of Dell stock on an observation date is at or above the call threshold (100% of the initial level). If not called and the final level is below the downside threshold (50% of the initial level), principal repayment at maturity is contingent and may result in losses up to all of your initial investment. All payments depend on the creditworthiness of UBS. The estimated initial value on the trade date was $963.40 per Note and the issue price was $1,000 per Note.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Bank of America (BAC), Southwest Airlines (LUV) and United Rentals (URI) with expected trade date February 20, 2026, settlement February 25, 2026 and maturity on or about February 23, 2029. Each Note pays a contingent coupon only if the underlying closes at or above a coupon barrier on observation dates; Notes are autocallable if the underlying closes at or above a call threshold on an observation date (callable after six months).

The notes return principal at maturity only if the final level is at or above the downside threshold; if below, repayment equals $10 times (1 + underlying return), which can result in a substantial or total loss of principal. Contingent coupon rates are 8.00% (BAC), 11.40% (LUV) and 10.15% (URI) per annum; estimated initial values per Note range roughly between $9.325 and $9.692 depending on the underlying. All payments are subject to UBS credit risk.

UBS AG is proposing contingent income auto-callable securities linked to Capital One Financial Corporation common stock. The securities target a contingent payment of $26.125 (equivalent to 10.45% per annum) when the underlying closing price on a determination date is equal to or above 65.00% of the initial price. The call threshold is 100.00% of the initial price and the stated principal amount is $1,000.00 per security. Expected pricing and issuance dates are February 27, 2026 and March 4, 2026, with expected maturity on or about March 2, 2029. Payments (including principal) depend on the closing prices on specified determination dates, the calculation agent’s determinations, and UBS’s creditworthiness; UBS may deliver a cash value at maturity if the final price is below the downside threshold and investors could lose a significant portion, or all, of their investment.

UBS AG offers $1,510,000 of Trigger Autocallable Contingent Yield Notes linked to the least performing of the KRE and XLU ETFs, with a $1,000 principal per Note, a contingent coupon rate of 13.75% per annum and a term tied to observation dates through February 16, 2029.

The Notes pay contingent quarterly coupons only if both underlying ETFs meet coupon barriers on each observation date, are subject to automatic early call if both meet call thresholds, and expose holders to downside principal loss (including full loss) if the least performing ETF falls below its 80% downside threshold. All payments are subject to UBS credit risk.

UBS AG is offering Trigger Autocallable Yield Notes linked to the common stock of Constellation Energy Corporation maturing February 23, 2029. Each Note has a $1,000 principal amount, a fixed coupon rate of 10.40% per annum paid quarterly and an automatic call if the underlying closes at or above the call threshold (100.00% of the initial level) on any observation date beginning after 12 months.

If not called, principal is repaid at maturity only if the final level is at or above the downside threshold (60.00% of the initial level, $181.81). If the final level is below that threshold, repayment at maturity is reduced pro rata to the underlying return and you may lose a significant portion or all of your investment. All payments are subject to UBS credit risk.

UBS AG (London Branch) is offering Contingent Income Auto-Callable Securities linked to the common stock of Citigroup Inc. with a $1,000 stated principal per security. The securities pay a contingent payment of $25.50 (equivalent to 10.20% per annum) on each determination date if the closing price is at or above a 60.00% downside threshold and will auto-redeem early if the closing price meets or exceeds a 100.00% call threshold on a determination date. Expected pricing and issue dates are February 27, 2026 and March 4, 2026, respectively, and expected maturity is about March 2, 2029. If not redeemed and the final price is below the downside threshold, UBS will deliver a cash value based on the exchange ratio, exposing holders to a loss up to the full principal. All payments are subject to the credit risk of UBS. The estimated initial value at pricing is between $935.70 and $965.70.

UBS AG London Branch is offering Contingent Income Auto-Callable Securities with Memory Coupon linked to the ADRs of Taiwan Semiconductor Manufacturing Company Limited, subject to completion and final pricing documents. Each security has a stated principal amount of $1,000.00 and an issue price of $1,000.00. The securities pay a contingent payment of $28.125 (equivalent to 11.25% per annum) on a contingent payment date only if the underlying closing price on the related determination date is equal to or greater than the downside threshold level of 50.00% of the initial price. If the closing price on a determination date (other than the final determination date) is at or above the call threshold level (equal to 100.00% of the initial price), the securities will be redeemed early for the stated principal plus applicable contingent payments. If not redeemed early and the final price is below the downside threshold, holders will receive a cash value equal to the exchange ratio times the final price and may lose a significant portion or all of their investment. The securities are unsecured obligations of UBS AG and subject to UBS credit risk; estimated initial value at pricing is expected to be between $912.90 and $942.90. The offering is not listed on any exchange and includes underwriting and structuring fees totaling 2.25% of the issue price.

UBS AG is offering $13,175,270 of Trigger Autocallable GEARS linked to the common stock of Amazon.com, Inc., maturing on February 15, 2029. The securities have a 18.80% call return if automatically called on the observation date and an upside gearing of 1.50.

Key economic terms: initial level $198.79, autocall barrier $198.79 (100.00% of initial), downside threshold $149.09 (75.00% of initial), trade date February 13, 2026, settlement February 18, 2026, observation date February 22, 2027, final valuation date February 13, 2029.

The securities are unsubordinated unsecured debt of UBS, do not pay interest, may be autocalled early, and expose holders to downside market risk and UBS credit risk; the estimated initial value per Security was $9.72 and the issue price is $10.00.

UBS AG is offering $2,524,000 of Trigger Autocallable Contingent Yield Notes with Memory Interest linked to the least performing of the Russell 2000® and the S&P 500®. The Notes pay a contingent semiannual coupon of 7.25% per annum (equal to $36.25 per $1,000 Note per coupon period) if both indices meet coupon barriers on observation dates. Observation dates are semiannually through a Final Valuation Date of February 13, 2029 with maturity on February 16, 2029. If both indices meet call thresholds on an observation date, the Notes will be automatically called and pay principal plus accrued contingent coupons. If not called, principal repayment at maturity is contingent: full principal is returned only if both indices are at or above a 70.00% downside threshold of their initial levels; otherwise repayment is reduced by the negative return of the least performing underlying asset, potentially resulting in a total loss. The estimated initial value per Note on the trade date was $955.50, and the issue price is $1,000 per Note. All payments are subject to UBS credit risk and the Notes are not FDIC insured.