UBS AG is offering trigger callable contingent yield notes linked to the least performing of the Nasdaq-100, Russell 2000 and S&P 500 indexes. Each note has a $1,000 principal amount, a contingent coupon rate of 8.45% per annum (about $7.0417 per month), and matures on or about February 1, 2029.
Coupons are paid only if all three indexes are at or above 75% of their initial levels on the observation date, and principal is protected at maturity only if all are at or above 70% of initial levels. Otherwise, investors are exposed to the full downside of the worst-performing index and can lose all principal. UBS may call the notes after six months at par plus any due coupon. The estimated initial value is $934.70–$964.70 per note, below the $1,000 issue price, reflecting fees, hedging and UBS’ internal funding rate.
UBS AG is offering Buffer Autocallable Contingent Yield Notes with Memory Interest linked to the least performing of the VanEck® Gold Miners ETF (GDX) and the iShares® Silver Trust (SLV), maturing on or about January 30, 2031. Each Note has a $1,000 principal amount and pays a contingent coupon of 11.00% per annum (about $9.1667 monthly) if on a coupon observation date both ETFs close at or above their coupon barriers, set at 80.00% of their initial levels.
The Notes can be called automatically quarterly, beginning after 6 months, if both ETFs are at or above their call threshold levels of 100.00% of their initial levels, returning principal plus any due and unpaid coupons. If not called, and at maturity both ETFs are at or above their downside thresholds of 85.00% of initial levels, investors receive full principal back. If any ETF finishes below its downside threshold, repayment is reduced according to the loss of the worst performer beyond the 15.00% buffer, and investors could lose almost all of their investment.
The Notes are unsecured, unsubordinated obligations of UBS and all payments depend on UBS’s creditworthiness. They will not be listed, and secondary liquidity may be limited. The issue price is $1,000.00 per Note, including an underwriting discount of $37.50, with proceeds to UBS of $962.50 per Note. The estimated initial value is expected to be between $916.00 and $946.00, reflecting internal funding and hedging costs.
UBS AG is offering Trigger Callable Contingent Yield Notes linked to the least performing of the Nasdaq‑100® Technology Sector IndexSM, the Russell 2000® Index and the S&P 500® Index, maturing on or about January 4, 2028. The Notes pay a monthly contingent coupon at a rate of 11.85% per annum (about $9.875 per $1,000 each month) only if, on the relevant observation date, the closing level of each index is at or above its coupon barrier, set at 70% of its initial level.
UBS may call the Notes in whole, beginning after three months, on any observation date other than the final one, paying back principal plus any due coupon, with no further payments. If the Notes are not called and, at maturity, each index is at or above its downside threshold (also 70% of initial level), investors receive full principal back, plus any final coupon. If any index finishes below its downside threshold, the maturity payment is reduced in line with the negative return of the worst‑performing index, and all principal can be lost.
The Notes are unsecured, unsubordinated debt of UBS, are not bank deposits or FDIC‑insured, will not be listed on an exchange, and involve significant market, liquidity, credit and structural risks. The estimated initial value is expected to be between $957.50 and $987.50 per $1,000 Note, reflecting dealer compensation, hedging and issuance costs.
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, maturing in early 2029. The notes pay a 10.85% per annum contingent coupon only when all three indexes close at or above their coupon barriers, set at 75% of their initial levels, on monthly observation dates. If UBS calls the notes after three months, holders receive principal plus any due coupon and the product terminates early.
If the notes are not called and each index finishes at or above its 70% downside threshold at maturity, investors receive full principal back (plus any final coupon if barriers are met). If any index ends below its downside threshold, repayment is reduced one-for-one with the worst index’s loss, and all principal can be lost. The notes are unsecured obligations of UBS, with an estimated initial value between $954.10 and $984.10 per $1,000 issue price, and will not be listed on any exchange.
UBS AG is offering Trigger Callable Contingent Yield Notes linked to the worst performer of the Nasdaq-100 Technology Sector Index, Russell 2000 Index and S&P 500 Index, maturing around December 30, 2027. The Notes pay a contingent coupon at a rate of 8.55% per annum (about $7.125 per $1,000 per month) only when all three indexes close at or above their coupon barriers, set at 70% of initial levels.
UBS can call the Notes in whole on any monthly observation date after three months, returning principal plus any due coupon, ending future payments. If not called and each index finishes at or above its downside threshold (also 70% of its initial level), investors receive full principal at maturity. If any index finishes below its downside threshold, repayment is reduced one-for-one with the loss of the worst-performing index, and the entire investment can be lost.
The Notes are unsecured obligations of UBS, not insured deposits, will not be listed on an exchange, and have an estimated initial value between $934.80 and $964.80 per $1,000, reflecting underwriting discounts of up to $22.25 per Note and structuring and hedging costs.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of lululemon athletica inc., maturing on January 5, 2028. Each Note has a principal amount of $10 and can pay periodic contingent coupons only if lululemon’s closing share price on an observation date is at or above a preset coupon barrier. If the share price on any observation date before maturity is at or above the initial level, the Notes are automatically called and investors receive the principal plus the applicable contingent coupon, with no further payments.
If the Notes are not called and the final share price on the valuation date is at or above the downside threshold, investors receive back the principal per Note, potentially with a final contingent coupon. If the final share price is below the downside threshold, repayment is reduced in line with the stock’s negative return and investors can lose all of their investment. All payments depend on the creditworthiness of UBS, the Notes are not insured or exchange‑listed, and the estimated initial value is $9.80 per $10 Note.
UBS AG is offering Trigger Autocallable Contingent Yield Notes, which are unsecured debt linked to the common stock of lululemon athletica inc. The Notes are scheduled to settle on January 5, 2026 and to mature on or about January 5, 2028. They 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.
The Notes are automatically called early if the stock closes at or above the initial level on any observation date before maturity. In that case, investors receive the $10 principal per Note plus the applicable contingent coupon, and the product terminates. If the Notes are not called and the final stock level is at or above the downside threshold, UBS repays principal at maturity; if it is below the downside threshold, repayment is reduced in line with the stock’s decline, and investors can lose their entire investment.
The preliminary terms include a minimum investment of 100 Notes at $10 each and an illustrative contingent coupon rate of 16.35% per annum (about $0.4088 per quarter on a $10 Note). The estimated initial value is expected to be between $9.50 and $9.75 per $10 Note. Payments depend on both stock performance and the creditworthiness of UBS, and the Notes will not be listed on any exchange.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Corning Incorporated, maturing on January 5, 2028. These unsecured debt notes pay a contingent coupon only if Corning’s share price on each observation date is at or above a preset coupon barrier; otherwise, no coupon is paid for that period. The notes are automatically called early if the share price on any observation date (before the final one) is at or above the initial level, in which case investors receive the $10 principal per Note plus the contingent coupon and no further payments.
If the notes are not called and Corning’s final share price is at or above the downside threshold, investors receive their principal back at maturity, plus any final contingent coupon if the coupon barrier is met. If the final share price is below the downside threshold, the maturity payment is reduced in line with the stock’s decline, and investors can lose all of their investment. An example uses a 16.61% per annum contingent coupon rate and a downside threshold at 70% of the initial level. The notes are offered at $10 per Note with a minimum investment of 100 Notes, and the estimated initial value is $9.76 per Note, reflecting UBS’s internal pricing.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Corning Incorporated, maturing on or about January 5, 2028. Each Note has a $10 principal amount, with a minimum investment of 100 Notes (a $1,000 investment). Investors may receive periodic contingent coupons only if Corning’s stock closes at or above a specified coupon barrier on the relevant observation dates.
The Notes are automatically called if, on any observation date before maturity, the stock’s closing level is at or above the initial level, in which case investors receive principal plus the applicable contingent coupon and no further payments. If the Notes are not called and the final stock level is at or above the downside threshold, investors receive only the principal at maturity, plus any final coupon if the coupon barrier is also met.
If the Notes are not called and the final stock level is below the downside threshold, repayment is reduced in line with the stock’s percentage decline, and investors can lose some or all of their initial investment. All payments depend on the creditworthiness of UBS. The Notes are unsecured, unsubordinated debt, will not be listed on any exchange, and are described as significantly riskier than conventional debt instruments.
UBS AG is offering $100,000 of Trigger Autocallable Contingent Yield Notes linked to Constellation Energy common stock, maturing on January 5, 2028. Each $10 Note can pay a contingent coupon only if the stock closes at or above a coupon barrier on each observation date; otherwise no coupon is paid. The Notes may be automatically called early if the stock is at or above its initial level on an observation date, returning principal plus the applicable coupon, with no further payments.
If the Notes are not called and the final stock level is at or above the downside threshold, investors receive the $10 principal per Note (plus any final coupon). If the final level is below the downside threshold, repayment is reduced one-for-one with the stock’s decline, and investors can lose their entire investment. The hypothetical examples use a 19.59% per annum contingent coupon and a $70 downside threshold and coupon barrier, each set at 70% of the initial level. The estimated initial value is $9.78 per $10 Note, and all payments depend on UBS’s creditworthiness. The Notes are not listed on any exchange and have a $1,000 minimum investment.