UBS AG is offering Trigger Autocallable Yield Notes linked to the common stock of Oracle Corporation, each with a $1,000 principal amount and scheduled maturity on January 3, 2028. The Notes pay a fixed coupon at 11.80% per annum, in quarterly installments, regardless of Oracle’s share price, unless the Notes are automatically called.
Beginning about six months after issuance, the Notes are automatically called on any quarterly observation date if Oracle’s closing price is at or above the initial level of $195.38. In that case, investors receive $1,000 plus the coupon for that period and the Notes terminate. If the Notes are not called and the final Oracle price is at or above the downside threshold of $107.46 (55% of the initial level), investors receive full principal back at maturity. If the final price is below the downside threshold, repayment is reduced one-for-one with Oracle’s loss, and investors can lose all of their investment.
The Notes are unsubordinated, unsecured obligations of UBS, are not listed on any exchange, and their value and payments depend on UBS’s credit. The estimated initial value per Note is between $944.80 and $974.80, below the issue price, reflecting an underwriting discount of $18.50 per Note and UBS’s internal funding and hedging costs.
UBS AG is offering unsecured, unsubordinated Step Down Trigger Autocallable Notes linked to the Solactive U.S. Large Cap Volatility Navigator Index, scheduled to mature around January 18, 2036. Each Note has a $1,000 principal amount and may be automatically called quarterly, beginning after 12 months, if the index closes at or above a call threshold that steps down over time and equals the downside threshold on the final valuation date.
If called, holders receive the call price, which equals principal plus a call return based on a 20.65% per annum call return rate; the longer the Notes remain outstanding, the higher the call return, up to a scheduled 206.5000% call return (total call price $3,065 per Note) at maturity. If the Notes are never called and the final index level is below the downside threshold of 60.00% of the initial level, the maturity payment is $1,000 × (1 + underlying return), exposing investors to full downside in the index and potentially a total loss of principal.
The underlying index is a leveraged, rules-based, excess return index on S&P 500 E‑mini futures with a 35% target volatility and a 6.0% per annum daily decrement, which detracts from performance. The estimated initial value per Note on the trade date is expected to range from $892.60 to $922.60, below the $1,000 issue price, reflecting underwriting discounts, hedging and issuer funding costs. All payments depend on the creditworthiness of UBS AG.
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 on or about January 13, 2028. The Notes pay a contingent coupon at a rate of 9.30% per annum (about $7.75 per $1,000 per month) only if on an 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 on any monthly observation date beginning after 3 months, paying the $1,000 principal plus any due coupon, after which no further payments are made. If the Notes are not called and, at maturity, each index is at or above its downside threshold of 60% of its initial level, investors receive full principal; otherwise the payoff is $1,000 times 1 plus the return of the worst-performing index, and investors can lose all of their investment.
The Notes are unsecured, unsubordinated obligations of UBS, are not insured or listed on any exchange, and all payments depend on UBS’s credit. The issue price is $1,000 per Note, including a $6.50 underwriting discount, with estimated initial value between $960.50 and $990.50 per Note.
UBS AG is offering $292,000 of Step Down Trigger Autocallable Notes linked to the Solactive U.S. Large Cap Volatility Navigator Index, maturing on January 4, 2036. Each $1,000 Note can be automatically called quarterly starting after 12 months if the index is at or above a call threshold; investors then receive principal plus a call return based on a 20.75% per annum rate, with higher payouts the longer the Notes remain outstanding.
If the Notes are never called and the index’s final level is below the downside threshold of 165.21 (60% of the 275.35 initial level), the maturity payment is $1,000 × (1 + index return), exposing holders to full downside and potential total loss of principal. The Notes are unsecured obligations of UBS, have an estimated initial value of $914.60 per $1,000, will not be listed on an exchange, and their performance depends on a complex, leveraged index with a 6.0% per annum decrement and futures-based volatility targeting.
UBS AG is offering $6,209,000 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 3, 2028. Each $1,000 Note pays a 10.75% per annum contingent coupon (about $8.9583 monthly) only if, on a monthly observation date, all three indexes close at or above their coupon barriers set at 75% of initial levels. UBS may call the Notes in whole on any observation date beginning after six months, returning principal plus any due coupon.
If the Notes are not called and all three indexes finish at or above their downside thresholds set at 70% of initial levels, investors receive full principal at maturity. If any index finishes below its downside threshold, repayment is reduced one-for-one with the worst index’s negative return, and principal loss can reach 100%. The Notes are unsecured, unsubordinated obligations of UBS AG London Branch, with an estimated initial value of $970.50 per $1,000 Note, and will not be listed on any exchange.
UBS AG is offering unsecured Trigger Autocallable Notes linked to the least performing of the Nasdaq-100 Index®, Russell 2000® Index and S&P 500® Index, maturing on January 3, 2031.
The Notes may be automatically called on annual observation dates if each index is at or above its call threshold, set at 100% of its initial level. If called, investors receive $1,000 per Note plus a call return based on a 13.45% per annum call return rate, with call prices ranging from $1,134.50 to $1,672.50 depending on when the call occurs.
If never called and each index finishes at or above its downside threshold of 70% of its initial level, investors receive only their $1,000 principal. If any index finishes below its downside threshold, repayment is reduced in line with the worst-performing index and investors can lose up to their entire investment. The issue price is $1,000 per Note, with an underwriting discount of $2 and estimated initial value between $961.80 and $991.80. The Notes pay no interest, are not listed, and all payments depend on UBS’s credit.
UBS AG is offering $3,458,000 of Trigger Autocallable GEARS notes linked to the Bloomberg Commodity Index 3 Month Forward, maturing on January 2, 2031. Each Security has a $10 principal amount and does not pay interest. UBS may automatically call the notes on January 5, 2027 if the index closes at or above the autocall barrier, set at 100% of the initial level of 316.3387. If called, investors receive the call price, equal to principal plus a return based on a 14.25% per annum call return rate, and the notes terminate.
If the notes are not called, at maturity investors get enhanced upside through 1.40x upside gearing on any positive index return. If the index is flat or down but at or above the downside threshold of 237.2540 (75% of the initial level), investors receive only their $10 principal. If the final index level is below the downside threshold, repayment is reduced one-for-one with the negative index return and can fall to zero, causing a total loss of principal.
The notes are unsecured, unsubordinated debt of UBS AG London Branch, fully exposed to UBS’ credit risk. The estimated initial value is $9.476 per Security, below the $10 issue price, reflecting underwriting discounts, hedging and issuance costs. The Securities will not be listed, and secondary market liquidity may be limited.
UBS AG is issuing $6,732,100 of Capped GEARS, unsecured notes linked to the S&P 500® Index, maturing on March 2, 2027. Each Security has a $10 principal amount and pays no interest.
At maturity, if the index gain is positive, holders receive $10 plus the lesser of the index return times the 3.00x upside gearing or the maximum gain of 12.65%, capping the payout at $11.265 per Security. If the index is unchanged, investors receive $10. If the index has fallen, repayment is reduced dollar-for-dollar with the index loss, and investors can lose their entire investment.
The Securities are subject to UBS credit risk and are not bank deposits or FDIC insured. The estimated initial value on the trade date is $9.784 per Security, below the $10 issue price, reflecting underwriting discount and UBS’ internal funding rate. The notes will not be listed, and any secondary market is expected to be limited, with potential sales at a substantial discount to issue price.
UBS AG is offering unsecured Trigger Autocallable Notes linked to the least performing of the Russell 2000® Index and the S&P 500® Index, maturing around January 22, 2030. Each Note has a $1,000 principal amount and may be automatically called on annual observation dates if both indices are at or above their call threshold levels, paying the principal plus a call return based on a 10.25% per annum call return rate. If never called and both final index levels are at or above their respective downside thresholds (70% of initial levels), investors receive only the principal at maturity.
If at least one index finishes below its downside threshold, investors receive $1,000 multiplied by 1 plus the return of the least performing index, which can result in a significant or total loss of principal. The Notes pay no interest or dividends, carry full downside market exposure to the least performing index, and all payments depend on the creditworthiness of UBS. The issue price is $1,000 per Note, with an underwriting discount of $28.50 and proceeds to UBS of $971.50 per Note; the estimated initial value is expected between $937.40 and $967.40.
UBS AG is offering $250,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Broadcom Inc., maturing on December 30, 2027. These unsecured debt notes may pay a 13.59% per annum contingent coupon, but only if Broadcom’s share price on each observation date is at or above the coupon barrier, set at 55% of the initial level. The same level also serves as the downside threshold.
UBS will automatically call the notes if Broadcom’s stock closes at or above the initial level on any observation date before maturity, returning the $10 principal per note plus the applicable coupon, after which no further payments are made. If the notes are not called and Broadcom’s final level is at or above the downside threshold, investors receive their principal back, plus any final coupon. If the final level is below the downside threshold, repayment is reduced in line with the share price decline and can fall to zero, causing a total loss of principal.
The notes will not be listed on an exchange, and any payment depends on UBS’s credit. The estimated initial value is $9.78 per $10 note, reflecting internal pricing and funding considerations.