UBS AG is offering Trigger Autocallable Contingent Yield Notes with Memory Interest linked to the least performing of the Nasdaq-100 Index, iShares Silver Trust and VanEck Semiconductor ETF, maturing in January 2031. The Notes pay a contingent coupon at a rate of 12.50% per annum (monthly installments of $10.4167 per $1,000) only if, on a coupon observation date, each underlying is at or above 70% of its initial level. Missed coupons can be recovered later if this condition is met under the memory feature.
The Notes are automatically called quarterly after 12 months if each underlying is at or above 100% of its initial level, returning principal plus due and unpaid coupons. If not called, and at maturity all underlyings are at or above 60% of initial levels, investors receive full principal back; if any is below 60%, repayment is reduced one-for-one with the worst performer, up to total loss. The Notes are unsecured UBS debt, not listed on an exchange, with estimated initial value between $901.70 and $931.70 per $1,000 and underwriting discounts up to $41.25 per Note.
UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the Nasdaq‑100 Index, Russell 2000 Index and S&P 500 Index, with a term of about 12 months and an issuer call feature after 3 months.
The Notes pay a 9.90% per annum contingent coupon (about $8.25 per $1,000 per month) only if on an observation date each index closes at or above its coupon barrier, set at 70% of its initial level; otherwise no coupon is paid.
If UBS does not call the Notes and each index finishes at or above its 70% downside threshold, investors receive the $1,000 principal back at maturity; if any index finishes below its downside threshold, repayment is reduced one‑for‑one with the negative return of the worst index, and all principal can be lost.
The Notes are unsecured, unsubordinated obligations of UBS, not FDIC‑insured, not listed on an exchange, sold at $1,000 per Note with a $6.50 underwriting discount and estimated initial value between $952.10 and $982.10.
UBS AG is offering $3,650,000 of Trigger In‑Digital Securities linked to the least performing of the Russell 2000 Index and the S&P 500 Index, maturing on February 5, 2027. These are unsecured debt obligations of UBS AG London Branch.
Each $1,000 Security pays no interest and offers a fixed digital return of 7.65% if, on the final valuation date, the least performing index is at or above its digital barrier/downside threshold, set at 65% of its initial level (1,630.345 for the Russell 2000; 4,458.01 for the S&P 500). In that case, holders receive $1,076.50 at maturity.
If the least performing index finishes below its downside threshold, the payoff falls dollar‑for‑dollar with that index’s loss, so investors bear full downside exposure and can lose all of their principal. The Securities are not listed, may have limited or no secondary market, and all payments depend on UBS’s credit. The issue price is $1,000 per Security, with an estimated initial value of $991.10 and an underwriting discount of $2.50 per Security.
UBS AG is offering $8,378,000 of Trigger Callable Contingent Yield Notes linked to the least performing of the Dow Jones Industrial Average®, Nasdaq-100® Technology Sector IndexSM and Russell 2000® Index, maturing on December 3, 2027. The Notes pay a contingent coupon at an annual rate of 11.35% (about $9.4583 per month per $1,000) only if, on each monthly observation date, every index closes at or above its coupon barrier, set at 70% of its initial level, which is also the downside threshold.
UBS may, at its discretion, call the Notes in whole on any observation date beginning after three months, paying back the $1,000 principal per Note plus any due coupon, after which no further payments are made. If the Notes are not called and any index finishes below its downside threshold at final valuation, investors receive $1,000 multiplied by 1 plus the return of the worst-performing index, which can result in a substantial loss, up to a complete loss of principal.
The Notes are unsecured debt of UBS AG London Branch, are not insured or listed on an exchange, and their value and payment depend entirely on UBS’s credit. The estimated initial value is $977.60 per $1,000, reflecting dealer compensation, hedging and funding costs, and secondary market liquidity may be limited.
UBS AG is offering Capped Buffer Securities, which are unsecured debt linked to the S&P 500® Index with a principal amount of $1,000 per Security and a term of approximately 12 months, from a trade date expected on January 30, 2026 to a maturity date expected on February 4, 2027. At maturity, if the index has risen, holders receive $1,000 plus the index gain up to a maximum gain of at least 10.20%, for a maximum payment at maturity of at least $1,102.00 per Security. If the index is flat or down but not below the downside threshold of 85.00% of the initial level, holders receive their $1,000 principal.
If the final index level is below the downside threshold, repayment is reduced according to the index loss beyond the 15.00% buffer, and holders can lose almost all of their investment. The Securities pay no interest, do not provide dividends on S&P 500® stocks, and are subject to the credit risk of UBS. They are not listed, and secondary liquidity may be limited. The estimated initial value is expected to be between $961.80 and $991.80 per Security, reflecting underwriting and hedging costs, including a $5.00 per Security underwriting discount.
UBS AG is offering $750,000 of Trigger Callable Contingent Yield Notes linked to the worst performer of the Nasdaq-100, Russell 2000 and S&P 500, maturing January 7, 2031. The unsecured notes pay a 10.30% per annum contingent coupon (about $25.75 per quarter per $1,000) only if on each quarterly observation date all three indices close at or above their coupon barriers, set at 70% of their initial levels.
UBS can call the notes in whole on any observation date after six months, repaying principal plus any due coupon, after which no further payments are made. If the notes are not called and all indices finish at or above their 70% downside thresholds, investors receive their $1,000 principal back at maturity. If any index finishes below its downside threshold, repayment is reduced in line with the worst index’s percentage loss, and principal can be entirely lost.
The notes are not listed, are subject to UBS credit risk, and have an estimated initial value of $968.40 per $1,000, reflecting fees, hedging costs and UBS’ internal funding rate.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the least performing of Amazon.com common stock, Berkshire Hathaway Class B common stock, and the iShares MSCI EAFE ETF. The Notes have a term of approximately five years, pay a 10.35% per annum contingent coupon only when all three underlying assets are at or above specified coupon barriers on monthly observation dates, and can be automatically called after 12 months if all are at or above their call thresholds.
If the Notes are not called and, at maturity, each underlying is at or above its downside threshold, holders receive the $1,000 principal per Note. If any underlying finishes below its downside threshold, the repayment is reduced in line with the negative return of the worst-performing asset, with the possibility of a total loss of principal. Payments depend entirely on the creditworthiness of UBS, and the Notes are unsecured, unsubordinated obligations that will not be listed on any exchange.
UBS AG, through its London Branch, is offering approximately 3-year Trigger Callable Contingent Yield Notes linked to the least performing of the Nasdaq-100® Technology Sector Index, the Russell 2000® Index and the S&P 500® Index. The Notes pay a 10.75% per annum contingent coupon (about $8.9583 per $1,000 monthly) only if, on each monthly observation date, the closing level of every index is at or above its coupon barrier, set at 70% of its initial level.
UBS may call the Notes in whole on any observation date starting after three months, returning the $1,000 principal per Note plus any due coupon, with no further payments. If the Notes are not called and, at maturity, every index is at or above its downside threshold (also 70% of initial), investors receive principal back. If any index finishes below its downside threshold, the repayment is reduced one-for-one with the worst index’s loss, up to a total loss of principal.
The estimated initial value is expected between $935.70 and $965.70 per $1,000, reflecting dealer compensation, hedging and UBS’ internal funding rate. The Notes are unsecured, unsubordinated obligations of UBS, not listed on any exchange, may have limited or no secondary market, and are subject to UBS credit risk and potential Swiss resolution measures. U.S. tax treatment is uncertain; UBS intends to treat the Notes as prepaid derivatives with contingent coupons taxed as ordinary income.
UBS AG is offering $1,096,000 of Trigger Callable Contingent Yield Notes linked to the least performing of the Nasdaq-100 Index®, Russell 2000® Index and S&P 500® Index, maturing on January 5, 2029. Investors receive a monthly contingent coupon at a rate of 9.40% per annum ($7.8333 per $1,000 note) only if on each observation date all three indices are at or above their coupon barriers, set at 70.00% of their initial levels. UBS may call the notes in whole, beginning after three months, paying back principal plus any due coupon, ending future payments.
If the notes are not called and at maturity any index is below its downside threshold, set at 60.00% of its initial level, repayment is reduced dollar-for-dollar with the negative return of the worst-performing index, and investors could lose their entire principal. The notes are unsecured obligations of UBS, have an estimated initial value of $969.70 per $1,000, will not be listed, and expose holders both to equity market risk and UBS credit risk.
UBS AG is offering capped buffer securities linked to the S&P 500® Index, with a principal amount of $1,000 per Security and a term of approximately 12 months, maturing on February 4, 2027. At maturity, if the index has risen, investors receive the principal plus the positive index return, capped at a maximum gain of at least 12.55%, for a maximum payment of at least $1,125.50 per Security.
If the index return is zero or negative but the final level stays at or above a downside threshold set at 90.00% of the initial level (a 10.00% buffer), investors receive only their principal back. If the final level falls below this threshold, repayment is reduced dollar-for-dollar beyond the buffer, and investors can lose some or almost all of their investment. The Securities pay no interest or dividends, may have limited or no secondary market, and all payments depend on the creditworthiness of UBS. The estimated initial value is expected to be between $961.80 and $991.80, below the $1,000 issue price, reflecting fees, hedging and funding costs.