UBS ETRACS Alerian MLP Index ETN Series B SEC Filings

UBS AG is offering Phoenix Autocallable Buffer Notes with Memory Interest linked to the common stock of Zscaler, Inc. (ticker ZS). Each Note has a $10,000 principal amount, a contingent interest payment of $914.75 per interest payment date when specified price conditions are met, and a maturity of June 15, 2027. The notes pay contingent, non‑guaranteed interest if the underlying meets the interest barrier on observation dates, are automatically callable if the underlying equals or exceeds the initial price on any autocall observation date, and pay either cash principal at maturity if the final price is at or above the downside threshold or a pre‑calculated share delivery amount (which may be worth significantly less than principal) if the final price is below that threshold. The initial price observed on the strike date was $130.04, with a downside threshold and interest barrier equal to $104.03 (80% of the initial price). The estimated initial value range on the trade date was $9,500.00–$9,800.00, below the issue price. The notes are unsecured obligations of UBS and payments are subject to UBS credit risk.

UBS AG is offering Phoenix Autocallable Buffer Notes with Memory Interest linked to Freeport-McMoRan Inc. (FCX). Each Note has a principal amount of $1,000, a contingent interest payment of $15.80 per interest payment date if observation-date conditions are met, and a term to maturity of approximately 12 months (strike date May 28, 2026, valuation date May 28, 2027, maturity June 3, 2027).

The Notes are automatically callable if the closing price of FCX on any autocall observation date is equal to or greater than the initial price. If not called, principal repayment at maturity is contingent: if the final price is below the downside threshold ($46.11, equal to 70.00% of the initial price), holders receive a cash equivalent calculated from a share-delivery formula, which may be worth less than principal. Payments are subject to UBS credit risk. The estimated initial value range was $966.00 to $996.00.

UBS AG London Branch is offering Capped Leveraged Buffered Basket-Linked Medium-Term Notes. The notes (face amount $1,000 each; aggregate offered $1,804,000) trade on May 27, 2026, settle June 1, 2026 and mature on October 8, 2027. Payment at maturity is tied to an unequally-weighted basket of five indices with an upside participation rate of 170.00%, a cap level of 113.90% of the initial basket level and a buffer level of 87.50%. If the final basket level ≥ cap, the maximum settlement amount is $1,236.30 per $1,000 face amount. If final basket level declines by ≤12.50% you receive the face amount; declines beyond 12.50% result in leveraged losses (~1.1429% of face per 1% below the buffer). The estimated initial value on the trade date was $996.80 per $1,000 face amount. These notes do not pay interest, are unsecured obligations of UBS and involve issuer credit risk and limited liquidity.

UBS AG is offering Capped GEARS linked to the Russell 2000® Index with a total issue price of $9,068,050 at $10.00 per Security. The Securities mature on July 29, 2027 and pay at maturity based on the underlying return multiplied by an upside gearing of 3.00, capped at a maximum gain of 22.05% (maximum payment per Security $12.205). If the underlying return is negative, holders suffer the full downside of the Russell 2000® Index; the principal is repaid only at maturity and is subject to UBS credit risk. The estimated initial value was $9.794 per Security as of the trade date.

UBS AG is offering $3,990,000 in Trigger Callable Contingent Yield Notes linked to the least performing of the Nasdaq-100, Russell 2000 and S&P 500. The Notes have a principal amount of $1,000 per Note and mature on June 1, 2029 unless UBS elects to call them earlier.

The Notes pay periodic contingent coupons only if each underlying index closes at or above its coupon barrier on each coupon observation date; otherwise no coupon is paid. If not called, principal is repaid at maturity only if each final level is at or above its 70% downside threshold; otherwise repayment is reduced in proportion to the decline of the least performing underlying asset. Payments are unsecured obligations of UBS and depend on UBS creditworthiness. The estimated initial value per Note on the trade date was $989.40.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the ordinary shares of Nu Holdings Ltd. that mature on June 1, 2028. The notes pay periodic contingent coupons only if the underlying closes at or above a coupon barrier on observation dates; otherwise no coupon is paid.

The notes are subject to an automatic call on quarterly observation dates beginning about 12 months after issuance; an automatic call results in payment of the $10 principal per note plus any contingent coupon then due. If not called, repayment at maturity depends on the final level versus a downside threshold (example: $70.00, 70% of initial level), and principal may be reduced proportionally to the underlying return. All payments are subject to the creditworthiness of UBS. The offering notes an estimated initial value of $9.75 per note and a minimum purchase of 100 notes ($1,000).

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Constellation Energy Corporation stock. Each Note has a $10 principal amount, a trade date of May 28, 2026, expected settlement June 1, 2026, final valuation date May 30, 2028 and maturity June 1, 2028.

The Notes pay periodic contingent coupons only if the underlying closing level on observation dates is at or above a specified coupon barrier. The Notes are automatically called early if the underlying closes at or above the initial level on any interim observation date, in which case holders receive principal plus the applicable contingent coupon on the call settlement date. If not called, repayment at maturity depends on the final level relative to a downside threshold: holders receive full principal only if the final level is at or above that threshold; otherwise, principal is reduced proportionally and a total loss of principal is possible. The estimated initial value as of the trade date was $9.80 and the Notes are sold in minimum increments of 100 Notes.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Spotify Technology S.A. The offering lists an aggregate reference of $220,000 for these structured notes with a principal amount of $10 per Note. Trade Date is May 28, 2026, Settlement Date June 1, 2026, Final Valuation Date May 30, 2029 and Maturity Date June 1, 2029.

The Notes pay periodic contingent coupons only if the underlying closing level on each observation date is at or above the coupon barrier; they are automatically called early if the underlying closes at or above the initial level on any observation date prior to the final valuation date. If not called, principal repayment at maturity is contingent: full principal is returned if the final level is at or above the downside threshold; otherwise repayment is reduced in proportion to the underlying return and you could lose a significant portion or all of your investment. The estimated initial value on the trade date is $9.71 per Note.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Corning Incorporated common stock due June 1, 2029. The Notes pay periodic contingent coupons only if the underlying closing level on an observation date meets or exceeds a coupon barrier and are automatically called early if the underlying closes at or above the initial level on any observation date prior to the final valuation date. If not called, principal is repaid at maturity only if the final level is equal to or greater than the downside threshold; if the final level is below the downside threshold, repayment is reduced in proportion to the underlying return and investors could lose a significant portion or all of their principal. The Notes are unsecured obligations of UBS and any payments depend on UBS’s creditworthiness. Trade date and settlement dates are May 28, 2026 and June 1, 2026; final valuation and maturity dates are May 30, 2029 and June 1, 2029. The minimum investment is 100 Notes at $10 per Note and the estimated initial value was $9.68 as of the trade date.