UBS AG is offering unsecured Trigger Autocallable Contingent Yield Notes linked to the common stock of Micron Technology, Inc., maturing on or about December 30, 2027. These notes pay a contingent coupon only for observation dates when Micron’s closing share price is at or above a specified coupon barrier; if the share price is below that level, no coupon is paid for that period.
The notes are automatically called early if Micron’s stock closes at or above the initial level on any observation date before the final valuation date, 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 a downside threshold, investors receive full 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. Payments depend on UBS’s creditworthiness, the notes will not be listed on an exchange, the minimum investment is 100 notes at $10 each, and the estimated initial value is expected to range from $9.45 to $9.70 per note.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Lam Research Corporation, maturing on December 30, 2027. The Notes pay a contingent coupon only if the stock closes at or above a specified coupon barrier on each observation date; if the stock is below that level, no coupon is paid for that period.
The Notes are automatically called early if, on any observation date before maturity, the stock closes at or above its initial level. In that case, investors receive the $10 principal per Note 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, principal is repaid at maturity; if it is below the threshold, repayment is reduced in line with the stock’s percentage decline, and investors can lose their entire investment.
The minimum investment is 100 Notes at $10 each, and the estimated initial value is $9.78 per Note, based on UBS internal models. All payments depend on the creditworthiness of UBS, and the Notes are unsecured, unsubordinated obligations that are not bank deposits, not FDIC insured and will not be listed on an exchange.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Lam Research Corporation, maturing on or about December 30, 2027. These unsecured, unsubordinated debt obligations pay a contingent coupon only when the stock closes at or above a preset coupon barrier on scheduled observation dates. The notes can be called early if the stock closes at or above the initial level on any observation date before maturity, in which case investors receive principal plus any due 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 the $10 principal amount per note at maturity, potentially plus a final contingent coupon. If the final level is below the downside threshold, repayment is reduced in line with the stock’s percentage decline, and the entire investment can be lost. The preliminary examples use a $10 denomination, a 12.99% per annum contingent coupon and a downside threshold and coupon barrier set at $55, or 55% of the initial level. The notes are not listed, are not deposits, are not FDIC insured, and all payments depend on the creditworthiness of UBS.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Broadcom Inc. stock, maturing December 30, 2027. These $10-denomination notes can pay a high contingent coupon, such as a 13.59% per annum rate in the examples, but only when Broadcom’s share price on an observation date is at or above a preset coupon barrier.
The notes are automatically called early if Broadcom’s price on an observation date (before maturity) is at or above the initial level. In that case, investors receive the $10 principal plus the due coupon and no further payments. If the notes are not called and Broadcom’s final level is at or above the downside threshold, investors receive back the $10 principal, plus the final coupon if the coupon barrier is met.
If the notes are not called and Broadcom’s final level falls below the downside threshold (illustrated at 55.00% of the initial level), investors are fully exposed to the stock’s loss, with repayment reduced dollar-for-dollar with the underlying decline and the possibility of losing their entire investment. All payments depend on UBS’s credit, and the estimated initial value is $9.78 per $10 note.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Broadcom Inc., maturing on or about December 30, 2027. Each Note has a principal amount of $10, with a minimum investment of 100 Notes (a $1,000 investment). UBS will pay a contingent coupon only if the underlying stock closes at or above a specified coupon barrier on an observation date; otherwise no coupon is paid for that period.
The Notes may be automatically called early if the stock closes at or above the initial level on any observation date before the final valuation date, in which case investors receive principal plus the 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 principal back at maturity; if it is below the downside threshold, repayment is reduced in line with the stock’s decline and investors could lose all of their initial investment. All payments depend on the creditworthiness of UBS. The estimated initial value per Note on the trade date is expected to be between $9.43 and $9.68.
UBS AG is offering $535,000 in Trigger Autocallable Contingent Yield Notes linked to the common stock of Constellation Energy Corporation, maturing on January 2, 2029. The Notes pay a contingent coupon only if, on an observation date, Constellation’s share price is at or above a preset coupon barrier; otherwise no coupon is paid.
The Notes can be automatically called on quarterly observation dates starting about six months after issuance if the share price is at or above the initial level. In that case, holders receive the $10 principal per Note plus any coupon due, and no further payments. If not called and the final share price on the December 28, 2028 valuation date is at or above the downside threshold, investors receive their principal back; if it is below, repayment is reduced one-for-one with the stock’s decline, potentially to zero.
Any payment depends on UBS’s creditworthiness. The minimum investment is 100 Notes at $10 each, and the estimated initial value per Note is $9.72, reflecting UBS’s internal pricing and funding.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Constellation Energy Corporation, maturing on or about January 2, 2029. These unsecured, unsubordinated debt notes pay a contingent coupon only if the stock closes at or above a specified coupon barrier on quarterly observation dates; otherwise no coupon is paid for that period.
The notes can be called early if the stock closes at or above its initial level on any observation date beginning after six months, in which case holders receive the principal plus any due coupon and no further payments. If the notes are not called and the final stock level is at or above the downside threshold, principal is repaid at maturity; if it is below the threshold, repayment is reduced in line with the stock’s loss and can fall to zero.
The notes are offered in minimums of 100 notes at $10 each, are not listed on an exchange, are not FDIC insured, and all payments depend on the creditworthiness of UBS. The estimated initial value per note on the trade date is expected to be between $9.35 and $9.60.
UBS AG is offering $331,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Palantir Technologies Inc. The Notes are unsecured debt of UBS, scheduled to trade on December 26, 2025, settle on December 30, 2025, and mature on January 2, 2029, subject to possible early automatic call.
Investors may receive quarterly contingent coupons only when Palantir’s closing share price on an observation date is at or above a coupon barrier set at 60% of the initial level. The hypothetical examples use a contingent coupon rate of 20.23% per annum, or $0.5058 per $10 Note per quarter. UBS may automatically call the Notes, beginning after six months, if the share price is at or above the initial level, paying back principal plus any due coupon.
If the Notes are not called and Palantir’s final share price is at or above the downside threshold (also 60% of the initial level), investors receive only their $10 principal per Note plus any final coupon. If it is below the downside threshold, repayment is reduced in line with the share price decline, and investors can lose some or all of their investment. All payments depend on UBS’s credit; the estimated initial value is $9.72 per $10 Note. The minimum investment is 100 Notes, or $1,000.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Palantir Technologies Inc., maturing on or about January 2, 2029. Each Note has a $10 principal amount, with a minimum investment of 100 Notes. These unsecured debt obligations pay contingent quarterly coupons only when Palantir’s share price on an observation date is at or above a specified coupon barrier.
The Notes can be automatically called early if, on certain observation dates, Palantir’s share price is at or above the initial level. In that case, investors receive the principal plus any due coupon, and the Notes terminate. If the Notes are not called and, on the final valuation date, Palantir’s share price is at or above the downside threshold, investors receive only the principal back.
If the Notes are not called and the final share price is below the downside threshold, repayment is reduced in line with the share price decline, and investors can lose all of their initial investment. The Notes are not listed on any exchange, are subject to UBS’s credit risk, and have an estimated initial value between $9.35 and $9.60 per $10 Note, based on UBS internal pricing models.
UBS AG is offering $3,333,000 of trigger callable contingent yield notes linked to the least performing of the Dow Jones Industrial Average, Russell 2000 Index and S&P 500 Index, maturing on December 29, 2027.
The notes pay a contingent coupon at a rate of 9.30% per annum ($7.75 per month per $1,000 note) only if, on each monthly observation date, every index closes at or above its coupon barrier, set at 70% of its initial level for each index. UBS may call the notes in whole on any observation date beginning after six months; if called, investors receive the $1,000 principal plus any due coupon, and no further payments.
If the notes are not called and each index finishes at or above its downside threshold (also 70% of its initial level), investors receive full 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-performing index, and investors can lose up to 100% of principal. Payments depend on UBS’s credit; the notes are unsecured, not FDIC insured, and are expected to have limited or no secondary market. The estimated initial value is $977.20 per $1,000 note, below the issue price.