UBS AG is offering $9,812,900 of Capped GEARS, unsecured notes linked to the Russell 2000® Index and maturing on March 2, 2027. Each Security has a $10 principal amount with 3.00x upside gearing, but returns are capped at a maximum gain of 19.00%, for a maximum payment at maturity of $11.90 per Security.
If the index return is positive, investors receive $10 plus the lesser of the index gain × 3.00 or 19.00%. If the index return is zero, investors receive only the $10 principal. If the index return is negative, investors lose one-for-one with the index, up to a total loss of principal.
The notes pay no interest, forgo dividends on the underlying stocks, and expose holders to UBS credit risk and small-cap equity market volatility. The estimated initial value is $9.78 per Security, below the $10 issue price, reflecting underwriting discounts, hedging and issuance costs.
UBS AG is offering $2.5 million of Trigger Autocallable Contingent Yield Notes linked to the SPDR® S&P® Regional Banking ETF (KRE), maturing January 3, 2028. Each $1,000 note pays a monthly contingent coupon at an annual rate of 8.55% (or $7.125 per month) only if KRE’s closing level is at or above the coupon barrier of $49.46, which is 75% of the initial level of $65.94.
The notes can be automatically called after three months if KRE is at or above the call threshold of $65.94 on any monthly observation date. In that case, investors receive principal plus the applicable coupon and the product terminates early.
If the notes are not called and KRE is at or above the $49.46 downside threshold at maturity, investors receive full principal back, plus the final coupon if the barrier is met. If KRE finishes below the downside threshold, repayment is reduced one-for-one with the ETF’s decline, and investors can lose their entire investment. The notes are unsecured obligations of UBS, have an estimated initial value of $972.70 per $1,000, and will not be listed, so liquidity may be limited.
UBS AG is offering $300,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of United Airlines Holdings, Inc., maturing on December 30, 2026. 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.
The notes are automatically called early if the stock closes at or above the initial level on any observation date before maturity, in which case investors receive the $10 principal per note plus the applicable contingent coupon, with no further payments. If the notes are not called and the final stock level is at or above a downside threshold, investors receive principal back at maturity; if it is below that threshold, repayment is reduced in line with the stock’s decline and losses can reach 100% of principal.
The notes are subject to UBS credit risk, will not be listed on any exchange, require a minimum purchase of 100 notes at $10 each, and have an estimated initial value of $9.80 per note based on UBS internal models.
UBS AG is offering $7,036,000 of Trigger Autocallable Notes linked to the worst performer of the Russell 2000 Index and the S&P 500 Index, maturing January 4, 2030. Each $1,000 note can be automatically called quarterly after 12 months if both indices are at or above their call thresholds set at 100% of initial levels. If called, investors receive principal plus a call return based on a 9.36% per annum rate, with call prices rising the longer the notes remain outstanding.
If the notes are never called and, on the final valuation date, both indices are at or above 70% of their initial levels, investors receive back only their principal with no additional return. If at least one index finishes below its 70% downside threshold, repayment is reduced in line with the loss of the weakest index, and all principal can be lost in severe declines. The notes pay no interest or dividends, have limited liquidity, and all payments depend on UBS’s credit; the estimated initial value per note is $965.40 versus the $1,000 issue price.
UBS AG is issuing $1,560,000 of Trigger Autocallable Contingent Yield Notes with Memory Interest linked to Best Buy Co., Inc. common stock, maturing on January 4, 2029. Each $1,000 Note offers a contingent coupon at a rate of 10.66% per annum, paid quarterly when Best Buy’s share price is at or above the coupon barrier of $37.31, which is 55.00% of the $67.84 initial level. The Notes may be automatically called after six months if the stock closes at or above the call threshold of $67.84 on an observation date, returning principal plus due and previously unpaid coupons. If the Notes are not called and Best Buy’s final level is below the downside threshold of $37.31, investors incur a loss matching the stock’s decline and could lose their entire investment. Payments depend entirely on UBS’ credit and the Notes will not be listed on an exchange; the estimated initial value is $968.00 per $1,000 Note.
UBS AG is offering $357,000 Trigger Autocallable Contingent Yield Notes linked to the common stock of Micron Technology, Inc., maturing on December 29, 2027. These unsecured debt securities pay a contingent coupon only if Micron’s closing share price on an observation date, including the final valuation date, is at or above a specified coupon barrier.
The notes are automatically called early if Micron’s share price on any observation date before maturity is at or above the initial level, in which case investors receive the principal plus any due coupon and no further payments. If the notes are not called and Micron’s final share price is at or above the downside threshold, investors receive their principal at maturity; if it is below the downside threshold, repayment is reduced in line with Micron’s decline and can fall to zero.
Any payment depends on the creditworthiness of UBS, and the notes are not insured or exchange-listed. The minimum investment is 100 notes at $10 each, and the estimated initial value per note on the trade date is $9.81, reflecting UBS’ internal pricing and funding considerations.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of NIKE, Inc., maturing on December 30, 2027. These unsecured debt notes pay a contingent coupon only if NIKE’s closing 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 NIKE’s share price on any observation date before maturity is at or above the initial level, in which case investors receive principal plus the applicable contingent coupon and the product terminates.
If the notes are not called and NIKE’s final share price on the December 28, 2027 valuation date is at or above a downside threshold, investors receive full principal back (plus any final contingent coupon if the coupon barrier is also met). If the final share price is below the downside threshold, repayment is reduced in line with NIKE’s negative return and investors can lose all of their initial investment. An example structure uses a $10 principal amount per note, a 14.58% per annum contingent coupon and an estimated initial value of $9.76 per note. All payments depend on UBS’s credit and the notes are not listed on any exchange.
UBS AG is offering $350,000 of Trigger Autocallable Contingent Yield Notes linked to Micron Technology, Inc. common stock, maturing December 30, 2027. These unsecured notes pay a contingent coupon only when Micron’s closing share price on an observation date is at or above a coupon barrier set at 50% of the initial share level, with an illustrative contingent coupon rate of 19.98% per annum ($0.4995 per $10 note per period).
The notes can be automatically called before maturity if Micron’s stock closes at or above the initial level on any observation date, in which case investors receive the $10 principal per note plus the due coupon and no further payments. If the notes are not called and Micron’s final share level is at or above the downside threshold (also 50% of the initial level), investors receive full principal back, plus any final coupon if the barrier is met.
If the notes are not called and Micron’s final share level is below the downside threshold, repayment is reduced dollar-for-dollar with the stock’s percentage decline, using $10 × (1 + underlying return); investors can lose all of their investment. All payments, including any return of principal, depend on UBS’s credit, and the notes will not be listed on an exchange. The minimum investment is 100 notes at $10 each, and the estimated initial value is $9.81 per note.
UBS AG is offering $823,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Advanced Micro Devices, Inc., maturing on December 30, 2027. These unsecured debt obligations pay a contingent coupon only when AMD’s closing share price on an 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 AMD’s price on any observation date before maturity is at or above the initial level, in which case investors receive principal plus the applicable contingent coupon and the notes terminate.
If the notes are not called and AMD’s final share price on the December 28, 2027 valuation date is at or above the downside threshold, investors receive their full principal at maturity, potentially with a final contingent coupon. If the final level is below the downside threshold, repayment is reduced in line with AMD’s percentage decline, and investors can lose some or all of their initial investment. All payments depend on UBS’s credit, 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 Block, Inc., maturing on December 29, 2027. These unsecured debt securities pay a contingent coupon only if Block’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 are automatically called early if, on any observation date before maturity, Block’s share price is at or above the initial level, in which case investors receive the principal plus any due contingent coupon and no further payments. If not called and the final share price is at or above the downside threshold, principal is repaid at maturity. If the final share price is below the downside threshold, repayment is reduced one-for-one with Block’s percentage decline, and investors can lose all of their investment.
The notes are issued at $10 per note, with a minimum investment of 100 notes, and have an estimated initial value of $9.71 per note. They are not listed on any exchange, and all payments depend on the creditworthiness of UBS.