UBS AG is offering $3,104,000 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 January 5, 2029. Each $1,000 note pays a contingent coupon at 8.90% per annum (semiannual $44.50) only if on an observation date both indices close at or above their coupon barriers, set at 70% of initial levels.
The notes are automatically called early if on any semiannual observation date before maturity both indices are at or above their call thresholds, set at 100% of initial levels; in that case investors receive principal plus due and unpaid coupons, and the notes terminate. If not called, principal is repaid at maturity only if each index finishes at or above its downside threshold (also 70% of initial level).
If any index ends below its downside threshold, repayment is reduced one-for-one with the worst index’s decline, and investors can lose their entire investment. The notes are unsecured UBS debt, not principal protected, not listed, and carry UBS credit risk in addition to equity market risk.
UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the Nasdaq-100® Technology Sector IndexSM and the S&P 500® Index, with a term of about three years from an expected trade date of January 30, 2026 to a maturity date of February 2, 2029.
Each $1,000 Note pays a 10.00% per annum contingent coupon (about $8.3333 monthly) only if, on the relevant monthly observation date, the closing level of each index is at or above its coupon barrier, set at 70.00% of its initial level; otherwise no coupon is paid for that month.
UBS may, at its discretion, call all Notes on any observation date beginning after six months, paying the $1,000 principal plus any due contingent coupon, after which no further payments are made. If the Notes are not called and at maturity both indices are at or above their respective downside thresholds (also 70.00% of initial), investors receive full principal; if any index finishes below its downside threshold, the repayment equals $1,000 multiplied by 1 plus the return of the least performing index, exposing investors to full downside and potential total loss. Payments depend on UBS’s credit, and the Notes will not be listed.
UBS AG is offering Buffer Autocallable GEARS, unsecured notes linked to the worst performer of the Nasdaq-100 Index and S&P 500 Index, maturing around February 3, 2028. Each Security has a $1,000 principal amount, a 9.50% per annum call return rate and 1.50x upside gearing if held to maturity and not called. A 20% buffer protects against moderate declines, with downside thresholds at 80% of each index’s initial level.
The notes may be automatically called after about one year if both indices are at or above their autocall barriers set at 100% of initial levels, paying a call price of $1,095 per Security. If not called and the least performing index ends above its initial level, investors receive leveraged upside; if it ends between 80% and 100%, principal is repaid only. If the least performer falls below its downside threshold, investors incur losses beyond the 20% buffer and can lose almost all principal.
The estimated initial value per Security is between $950.60 and $980.60, below the $1,000 issue price due to dealer compensation, hedging and funding costs. The Securities pay no interest, do not pay dividends, will not be listed on an exchange and expose holders to both market risk of the indices and the credit risk of UBS.
UBS AG is offering $8,146,000 of trigger autocallable notes tied to the least performing of the Dow Jones Industrial Average, Russell 2000 Index and S&P 500 Index, maturing on January 3, 2031. Each note has a $1,000 principal amount and offers a call return based on a 9.50% per annum rate if automatically called.
The notes are automatically called, and pay the stated call price, if on any quarterly observation date the closing level of each index is at or above its call threshold level, set at 90% of its initial level. If never called and, at maturity, each index is at or above its downside threshold (75% of its initial level), investors receive only their $1,000 principal back.
If the notes are not called and any index finishes below its downside threshold, the payoff is reduced in line with the percentage loss of the worst-performing index, and investors can lose up to their entire investment. The notes pay no interest or dividends, are unsecured obligations of UBS, are not listed on an exchange, and their value and repayment depend entirely on UBS’s creditworthiness.
UBS AG is offering $20,046,000 of Trigger Callable Contingent Yield Notes linked to the least performing of the Russell 2000 Index and the S&P 500 Index, maturing January 5, 2029. The notes pay a 9.80% per annum contingent coupon (about $24.50 per $1,000 per quarter) only if on each observation date both indices stay at or above 70% of their initial levels, which also serve as downside thresholds.
UBS can call the notes in whole on any quarterly observation date after six months, returning principal plus any due coupon, with no further payments. If the notes are not called and either index finishes below its downside threshold, repayment is reduced 1:1 with the worst index’s loss, and investors can lose all principal. The notes are unsecured UBS debt, not listed, and have an estimated initial value of $979 per $1,000, below issue price.
UBS AG is offering $6,739,000 of Trigger Callable Contingent Yield Notes due January 5, 2029, linked to the least performing of the Russell 2000® Index and the S&P 500® Index. The Notes pay an 8.20% per annum contingent coupon ($20.50 per $1,000) only when, on a quarterly observation date, both indices close at or above 70% of their initial levels.
UBS may call the Notes in whole on any quarterly observation date beginning after six months, returning principal plus any due coupon, with no further payments. If not called and either index finishes below its 70% downside threshold at maturity, investors lose principal in line with the worst index’s percentage decline, up to a total loss. The Notes are unsecured UBS debt, not FDIC insured, not listed on an exchange, have an estimated initial value of $962.30 per $1,000, and include a $15 per Note underwriting discount.
UBS AG is offering $1,806,000 in Trigger Autocallable Notes linked to the least performing of the Dow Jones Industrial Average®, Russell 2000® Index and S&P 500® Index, maturing January 3, 2031. The notes can be automatically called quarterly (after 12 months) if each index is at or above its call threshold level, set at 90.00% of its initial level, paying principal plus a call return based on a 7.50% per annum call return rate.
If the notes are never called and each index finishes on the final valuation date at or above its downside threshold, set at 75.00% of its initial level, investors receive only the $1,000 principal per note. If at least one index finishes below its downside threshold, the payoff is reduced by the full percentage decline of the worst-performing index, up to a total loss of principal. The estimated initial value is $970.00 per $1,000 note, and all payments depend on the creditworthiness of UBS; the notes will not be listed and may have limited secondary market liquidity.
UBS AG, through its London branch, is offering $2,097,000 of trigger autocallable notes linked to the least performing of the Nasdaq‑100, Russell 2000 and S&P 500 indexes, maturing on January 3, 2031.
The notes may be called automatically on annual observation dates if each index closes at or above its call threshold, set at 100% of its initial level, paying principal plus a call return based on a 13.45% per annum rate. If never called and each index finishes at or above its downside threshold of 70% of its initial level, investors receive principal at maturity; if any index finishes below its downside threshold, repayment is reduced in line with the worst index’s loss, up to a total loss of principal. The notes pay no interest or dividends, are unsecured obligations of UBS, and have an estimated initial value of $991.80 per $1,000 note.
UBS AG is offering $2,986,000 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. The Notes pay a contingent coupon at a rate of 7.40% per annum, with semiannual payments only if the closing level of each index on an observation date is at or above its coupon barrier, set at 70% of its initial level. The same 70% level also serves as the downside threshold, while the automatic call can occur on any observation date if both indices are at or above 100% of their initial levels.
If the Notes are not called and either index finishes below its downside threshold at maturity on January 5, 2029, investors receive less than the $1,000 principal per Note, in proportion to the worst index’s decline, and could lose their entire investment. The Notes are unsecured, unsubordinated obligations of UBS AG, are not FDIC insured, will not be listed on an exchange, and have an estimated initial value of $979.40 per $1,000 issue price, reflecting fees, hedging costs and UBS’s internal funding rate.
UBS AG is offering $4,462,000 of Trigger Callable Contingent Yield Notes linked to the worst performer among the Nasdaq-100 Technology Sector Index, the Russell 2000 Index and the VanEck Semiconductor ETF, maturing January 6, 2031. The Notes pay a high contingent coupon of 15.15% per annum (monthly $12.625 per $1,000) only if, on each observation date, all three underlying assets are at or above their respective coupon barriers set at 75% of initial levels. UBS can call the Notes quarterly after six months, repaying principal plus any due coupon, which introduces reinvestment risk if called when coupons are attractive.
If the Notes are not called and, at maturity, any underlying finishes below its downside threshold of 60% of its initial level, investors lose principal in line with the percentage decline of the worst-performing underlying and could lose their entire investment. The estimated initial value is $986.40 per $1,000, below issue price, reflecting dealer compensation and hedging costs. Payments depend on UBS’s credit; the Notes are unsecured, not FDIC insured, and may have little or no secondary market liquidity.