UBS AG is offering Trigger Autocallable Contingent Yield Notes with Memory Interest linked to the least performing of the Nasdaq-100® Technology Sector and the S&P 500® Index. The notes have a principal amount of $1,000 per Note and an expected term of approximately three years.
Key economic terms set on the trade date: contingent coupon rate 9.40% per annum, monthly observation dates (callable after six months), call threshold 100.00% of initial levels, coupon barriers 70.00% of initial levels, downside thresholds 60.00% of initial levels. Trade date is February 27, 2026, settlement March 4, 2026, final valuation February 27, 2029, maturity March 2, 2029. The estimated initial value range is $950.20 to $980.20, and the issue price is $1,000 per Note (underwriting discount $5.00, proceeds to UBS $995.00).
The notes pay contingent coupons only if both underlying assets meet coupon barriers on observation dates, are subject to automatic early call if both underlyings meet call thresholds, and expose holders to full downside of the least performing underlying at maturity if downside thresholds are breached. Payments, including principal, are subject to UBS credit risk; holders may lose a significant portion or all of their investment.
UBS AG is offering $6,847,000 of Trigger Autocallable Contingent Yield Notes with Memory Interest linked to the least performing of the Russell 2000® Index and the S&P 500® Index, maturing on February 16, 2029. Each Note has a $1,000 principal amount and a contingent coupon of 8.75% per annum payable only if both indices meet coupon barriers on observation dates. The Notes may be automatically called early if both indices meet call thresholds on an observation date, and principal repayment at maturity is contingent: if the final level of any underlying asset is below its downside threshold (70% of initial level), repayment may be reduced pro rata to the decline in the least performing underlying asset, potentially resulting in total loss. The estimated initial value per Note is $969.60. Payments are unsecured obligations of UBS and depend on UBS creditworthiness.
UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the Nasdaq-100 Index, the Russell 2000 Index and shares of the State Street Energy Select Sector SPDR ETF (XLE).
Each Note has a principal amount of $1,000, an expected term of approximately three years, a contingent coupon rate of 11.15% per annum (payable only if each underlying asset meets its coupon barrier on observation dates), a coupon barrier of 70% of initial levels and a downside threshold of 60% of initial levels. Trade date is February 20, 2026, settlement February 25, 2026, final valuation February 20, 2029 and maturity February 23, 2029. UBS may call the Notes in whole on any quarterly call date beginning after six months.
Payments, including any repayment of principal, are subject to the creditworthiness of UBS. If UBS does not call the Notes and the final level of any underlying asset is below its downside threshold, the cash payment at maturity may be less than principal and could result in a loss up to 100% of the initial investment. The estimated initial value range is stated as $955.60 to $985.60.
UBS AG offers Trigger Autocallable Notes due on or about February 24, 2031 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 are unsecured obligations with a $1,000 principal amount per Note and monthly observation dates (callable after 12 months). UBS will increase an aggregate accreted return on an observation date only if each underlying asset equals or exceeds its accretion barrier; the preliminary contingent accreting return rate shown for one underlying asset is 9.25% per annum and an illustrative contingent accreting return per monthly observation is $7.7083. Trade and settlement are expected on February 19, 2026 and February 24, 2026, respectively, and the estimated initial value range is $961.00 to $991.00. Payments, including any repayment of principal, are subject to UBS credit risk and the Notes may be automatically called if all underlyings meet call thresholds on an observation date.
UBS AG is offering $4,629,000 of Trigger Callable Contingent Yield Notes linked to the least performing of the VanEck® Gold Miners ETF (GDX), the State Street® SPDR® S&P® Regional Banking ETF (KRE) and the State Street® Energy Select Sector SPDR® ETF (XLE).
The Notes have a $1,000 principal amount per Note, a contingent coupon rate of 14.55% per annum and an estimated initial value of $972.60 as of the trade date. Trade and settlement are February 17, 2026 and February 20, 2026, respectively, and the Notes mature on November 21, 2030. Observation dates are monthly and the issuer may call the Notes in whole beginning after six months.
At maturity, if the final level of each underlying asset is at or above its downside threshold, UBS will repay the principal. If any underlying asset is below its downside threshold, repayment is contingent and may be less than principal, with loss equal to the negative return of the least performing underlying asset; in extreme cases you could lose all of your investment. Any payments depend on UBS’s creditworthiness.
UBS AG offers $1,000,000 Capped Buffer Securities linked to the shares of the SPDR S&P 500 ETF Trust with a maturity date of February 25, 2027. Each Security has a principal amount of $1,000 and an issue price of $1,000.
Key economic terms: Maximum Gain 11.10% ($1,111.00 maximum payment), a Buffer of 15.00%, an Initial Level of $681.75 and a Downside Threshold of $579.49 (85.00% of the Initial Level). The estimated initial value on the trade date was $993.60.
At maturity the payment depends on the underlying return: positive returns pay principal plus the lesser of the underlying return and the maximum gain; small negative returns down to the downside threshold return principal; deeper losses below the threshold absorb losses beyond the buffer. All payments, including any contingent repayment of principal, are subject to UBS credit risk.
UBS AG offers $2,500,000 in Trigger Autocallable Contingent Yield Notes linked to the least performing of XLE, XLK and XLU, maturing February 21, 2031. Each Note has a principal amount of $1,000 and a contingent coupon rate of 12.15% per annum.
The Notes may pay periodic contingent coupons on monthly observation dates only if the closing level of each underlying asset meets or exceeds its coupon barrier; they will be automatically called if all three underlyings meet their call thresholds on an observation date (callable after three months). At maturity the principal is repaid only if the final levels of all underlyings meet their downside thresholds; otherwise repayment is reduced by the negative return of the least performing underlying asset, and investors could lose a significant portion or all of their investment.
UBS AG is offering $4,991,000 of Trigger Callable Contingent Yield Notes due February 22, 2030. The Notes pay a contingent coupon of 11.60% per annum if, on each observation date, the Nasdaq-100, Russell 2000 and XLK share are each at or above their coupon barriers; otherwise no coupon is paid.
The Notes are linked to the least performing underlying asset (Nasdaq-100 Index, Russell 2000 Index, State Street Technology Select Sector SPDR ETF). If not called by UBS, principal repayment at maturity is contingent: full principal is repaid only if every underlying asset finishes at or above its 60% downside thresholds; otherwise repayment is reduced proportionally to the negative return of the least performing underlying asset. The issue price is $1,000 per Note and the estimated initial value is $985.50.
UBS AG is offering $1,899,000 of Trigger Autocallable Contingent Yield Notes due February 23, 2029 linked to the least performing of the VanEck® Gold Miners ETF (GDX) and the Nasdaq-100® Technology Sector (NDXT). Each Note has a $1,000 principal amount and a contingent coupon rate of 12.60% per annum (contingent coupon $10.50 per period). The Notes are monthly-observed, callable after six months if both underlyings meet call thresholds, and repay principal at maturity only if both underlyings are at or above their 60% downside thresholds. If the least performing underlying is below its downside threshold at maturity, repayment will be reduced pro rata (you could lose a significant portion or all of your investment). The estimated initial value per Note on the trade date was $943.20 and the issue price is $1,000.
UBS AG offers Trigger Autocallable Contingent Yield Notes linked to the least performing shares of the State Street® Communication Services Select Sector SPDR® ETF (XLC) and the State Street® Consumer Discretionary Select Sector SPDR® ETF (XLY). Each Note has a principal amount of $1,000, a contingent coupon rate of 7.75% per annum, a strike date of February 17, 2026, and a maturity date of February 23, 2028.
The Notes pay monthly contingent coupons only if both underlying ETFs meet coupon barriers on observation dates, are callable after ~12 months if both underlyings meet call thresholds, and at maturity may repay full principal only if both underlyings are at or above their downside thresholds; otherwise repayment declines with the worst-performing underlying. All payments are subject to UBS credit risk and secondary-market liquidity may be limited.