UBS AG is offering Buffer Callable Contingent Yield Notes linked to the least performing of the Nasdaq-100, Russell 2000 and S&P 500 indexes, maturing around January 25, 2029. The notes pay a contingent coupon at a rate of 8.90% per annum, or $7.4167 per $1,000 note monthly, but only when each index closes at or above 80% of its initial level on the relevant observation date. UBS can call the notes in whole on any monthly observation date after three months, paying back principal plus any due coupon, after which no further payments are made.
If the notes are not called and at maturity all three indexes are at or above their downside thresholds set at 80% of initial levels, investors receive their $1,000 principal per note. If any index finishes below its downside threshold, repayment is reduced based on the loss of the worst-performing index beyond the 20% buffer, and investors can lose almost all of their investment. The estimated initial value per $1,000 note is between $956.80 and $986.80, and all payments depend on the creditworthiness of UBS.
UBS AG is issuing $508,000 of Trigger Callable Contingent Yield Notes linked to the worst performer of the Russell 2000 Index and the S&P 500 Index, maturing in January 2028. Each $1,000 Note pays a 9.00% per annum contingent coupon (about $7.50 monthly) only if on each observation date both indices are at or above their coupon barriers, set at 70.00% of their initial levels (1,843.174 for the Russell 2000 and 4,874.62 for the S&P 500).
UBS can call the Notes in whole on any monthly observation date after six months, repaying principal plus the due coupon but ending all future payments. If the Notes are not called and, at maturity, either index is below its 70.00% downside threshold, repayment is reduced in line with the negative return of the worst-performing index, and investors could lose all principal. The Notes are unsecured obligations of UBS, with an estimated initial value of $977.80 per $1,000 versus issue proceeds to UBS of $993.00 per Note.
UBS AG is offering $12 million of one-year Buffered Contingent Income Auto-Callable Securities linked to Pfizer Inc. common stock. These unsecured notes pay a contingent coupon of $11.9167 per $1,000 security (about 14.30% per year) on each monthly determination date if Pfizer’s closing price is at or above 87% of the $25.48 initial price, the downside threshold of $22.17. Missed coupons may be paid later if the threshold is met, through a memory feature.
The notes can be auto-called on any monthly date before maturity if Pfizer closes at or above the $25.48 call threshold, returning principal plus the due coupon and any unpaid coupons, but no participation in stock gains. If the notes are not called and Pfizer is at or above the downside threshold at final observation, investors receive principal plus all due coupons.
If at final observation Pfizer is below the downside threshold, investors receive a cash value tied to the stock price with leveraged downside of about 1.1494% loss for each 1% drop beyond the buffer, which can result in a full loss of principal. The securities are not listed, may have limited liquidity, are subject to UBS credit risk, and have complex, uncertain U.S. tax treatment.
UBS AG is offering $12 million of Buffered Contingent Income Auto-Callable Securities linked to Microsoft common stock, maturing on January 15, 2027. Each $1,000 security can pay a contingent coupon of $11 per period, equivalent to 13.20% per year, for any determination date on which Microsoft’s share price is at or above the downside threshold of $407.39, or 85% of the $479.28 initial price. Missed coupons can be paid later if the threshold is met, through a “memory” feature.
If the stock is at or above the initial price (the call threshold) on any non-final determination date, the notes are automatically redeemed for $1,000 plus all due coupons. If held to maturity and the final price is at or above the downside threshold, investors receive $1,000 plus all contingent payments. If the final price is below the downside threshold, repayment is reduced on an approximately 1.1765× leveraged basis to a cash amount tied to the stock, and investors can lose some or all principal. The notes pay no dividends, are unsecured obligations of UBS, won’t be listed on an exchange, and have an estimated initial value of $994.90 per $1,000.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Meta Platforms, Inc., providing contingent coupons and conditional principal protection in exchange for equity market risk. Each Note has a principal amount of $10, with a minimum investment of 100 Notes. Contingent coupons are paid only if Meta’s share price on an observation date is at or above a preset coupon barrier; otherwise no coupon is paid for that period. The Notes can be automatically called early if Meta’s stock closes at or above the initial level on an observation date, in which case investors receive principal plus any due coupon and the Notes terminate. If the Notes are not called and Meta’s final share level is at or above the downside threshold, investors receive their principal at maturity; if it is below the threshold, repayment is reduced in line with Meta’s percentage decline, and the entire investment can be lost. All payments depend on the creditworthiness of UBS, and the estimated initial value per Note on the trade date is $9.73.
UBS AG is issuing Trigger Autocallable Contingent Yield Notes linked to the common stock of Freeport-McMoRan Inc., scheduled to mature on January 18, 2028. These unsecured debt notes pay a contingent coupon only if the stock closes at or above a preset coupon barrier on each observation date; otherwise, no coupon is paid for that period.
The notes are automatically called early if the stock closes at or above its initial level on any observation date before maturity, in which case investors receive the principal plus any due coupon and the product terminates. If the notes are not called and the final stock level on the valuation date is at or above a downside threshold, investors receive their principal back, potentially with a final coupon. If the final level is below the downside threshold, repayment is reduced in line with the stock’s percentage loss, and investors can lose all of their investment.
The minimum investment is 100 notes at $10 each, and the estimated initial value is $9.77 per note based on UBS internal pricing. All payments depend on the creditworthiness of UBS; a UBS default could result in a total loss regardless of the stock’s performance. The notes will not be listed on any exchange, and UBS highlights that they are significantly riskier than conventional debt instruments.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Meta Platforms, Inc., maturing on or about January 15, 2027. These unsecured debt notes can pay contingent coupons on scheduled dates, but only if Meta’s closing share price on the relevant observation date is at or above a preset coupon barrier. The notes may be automatically called early if Meta’s share price is at or above the initial level on any observation date before maturity, in which case investors receive the principal plus any due coupon and no further payments.
If the notes are not called and Meta’s final share price is at or above a downside threshold on the final valuation date, investors receive back the $10 principal amount per note, plus the final contingent coupon if the coupon barrier is also met. If the final price is below the downside threshold, repayment is reduced in line with Meta’s negative return, and investors can lose a significant portion or all of their investment. Payments depend entirely on the creditworthiness of UBS, and the estimated initial value per $10 note is expected to be between $9.43 and $9.68. The notes are offered in minimums of 100 notes at $10 each and will not be listed on any exchange.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of GE Vernova Inc., with a stated principal amount of $10 per Note and a minimum investment of 100 Notes. The Notes run from a trade date of January 13, 2026 to a maturity date of January 15, 2027 and are designed to pay a high contingent coupon of 19.70% per annum, but only when the GE Vernova share price on an observation date is at or above a coupon barrier set at 70% of the initial level.
The Notes will be automatically called early if GE Vernova’s share price on any observation date before maturity is at or above the initial level, in which case investors receive $10 per Note plus the applicable contingent coupon and no further payments. If the Notes are not called and the final share price is at or above a downside threshold, also 70% of the initial level, investors receive their $10 principal back (plus any final contingent coupon if the barrier is met). If the final share price is below the downside threshold, repayment is reduced dollar-for-dollar with the stock’s loss, and investors can lose their entire investment.
Any payment depends on UBS’s credit, the Notes are unsecured and unsubordinated, not insured by the FDIC, and will not be listed on an exchange. The estimated initial value is $9.80 per $10 Note, reflecting UBS’s internal pricing and funding.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Freeport-McMoRan Inc., with a term running from an expected trade date of January 13, 2026 to an expected maturity on January 18, 2028. These are unsecured debt obligations of UBS, and all payments depend on UBS’s credit.
Investors may receive periodic contingent coupons only when the stock closes at or above a specified coupon barrier on each observation date. The notes are automatically called early, and principal is repaid with any due coupon, if the stock closes at or above its initial level on any observation date before the final one, ending all future payments.
If the notes are not called and the stock is at or above a downside threshold at final valuation, UBS repays principal (and a final coupon if the barrier is met). If the stock finishes below the downside threshold, repayment is reduced in line with the stock’s loss, and investors can lose all of their investment. Hypothetical examples show both modest positive returns and losses exceeding 60%.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of GE Vernova Inc., maturing on or about January 15, 2027. Each Note has a principal amount of $10, with a minimum investment of 100 Notes. These unsecured, unsubordinated debt obligations pay a contingent coupon only if the underlying stock closes at or above a specified coupon barrier on the relevant observation date.
The Notes may be automatically called if the underlying stock closes at or above the initial level on any observation date before the final valuation date. In that case, investors receive the principal plus any due contingent coupon, and the Notes terminate early. If the Notes are not called and the final stock level is at or above the downside threshold, investors receive the full principal at maturity; if it is below the downside threshold, repayment is reduced in line with the stock’s decline, and investors could lose their entire investment.
The estimated initial value per Note on the trade date is expected to be between $9.43 and $9.68, based on UBS’s internal pricing models. All payments depend on the creditworthiness of UBS, and the Notes will not be listed on any securities exchange.