UBS ETRACS Alerian MLP ETN Series B SEC Filings

UBS AG is offering $2,151,000 of Trigger Autocallable Contingent Yield Notes with Memory Interest linked to the least performing of Meta (META), Microsoft (MSFT) and Super Micro Computer (SMCI), maturing on October 27, 2028.

The Notes pay a 25.00% per annum contingent coupon ($20.8333 per month) only if each stock is at or above its coupon barrier on an observation date; missed coupons can be paid later under the memory feature. The Notes are automatically called after 12 months if each stock is at or above its call threshold (100% of initial levels: META $738.36; MSFT $523.61; SMCI $48.29). Coupon barriers and downside thresholds are 60% of initial levels (META $443.02; MSFT $314.17; SMCI $28.97). If not called, principal is repaid at maturity only if each final level is at or above its downside threshold; otherwise repayment is reduced in line with the worst performer. The estimated initial value is $983.80 per $1,000 Note. The Notes are unsecured obligations of UBS, will not be listed, and all payments depend on UBS’s credit.

UBS AG filed a preliminary pricing supplement for Trigger Autocallable Contingent Yield Notes linked to the common stock of Meta Platforms, Inc., maturing on or about November 6, 2028.

The Notes pay a contingent coupon only if the underlying closes at or above a stated coupon barrier on each observation date. They are subject to automatic call if the underlying 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 not called, principal is repaid at maturity only if the final level is at or above the downside threshold; otherwise repayment is reduced in line with the underlying’s decline, and losses could be total. All payments depend on the creditworthiness of UBS.

The estimated initial value is expected to range from $9.45 to $9.70 per $10 Note. The Notes will not be listed. Key dates: trade October 31, 2025, settlement November 4, 2025, final valuation November 2, 2028, maturity November 6, 2028. The minimum investment is 100 Notes at $10 per Note.

UBS AG announced preliminary terms for Trigger Autocallable Contingent Yield Notes linked to Lam Research Corporation common stock, due on or about November 4, 2027. The notes pay a contingent coupon only if the underlying closes at or above the coupon barrier on each observation date; they are automatically called if the underlying closes at or above the initial level on any observation date before the final valuation date.

If not called, holders receive the principal at maturity only if the final level is at or above the downside threshold; otherwise, repayment is reduced in line with the underlying’s decline and could be zero. Payments are subject to the creditworthiness of UBS. Key dates: expected trade date October 31, 2025; settlement November 4, 2025; final valuation November 2, 2027; maturity November 4, 2027. The notes will not be listed. Minimum investment is 100 notes at $10 each (representing $1,000). The estimated initial value per $10 note is expected to be between $9.50 and $9.75. The document includes hypothetical examples (e.g., a 15.41% per annum coupon and 70% barriers) for illustration only.

UBS AG launched a primary offering of $17,024,400 Buffer Autocallable GEARS linked to the Russell 2000 Index. Each Security is priced at $10, with a $0.25 underwriting discount and $9.75 in proceeds to UBS. The minimum purchase is 100 Securities ($1,000). The notes do not pay interest and will not be listed.

The product may be automatically called on November 5, 2026 if the index closes at or above the autocall barrier set at 100.00% of the initial level (2,484.805). If called, holders receive the call price of $11.00 per Security (reflecting a 10.00% per annum call return). If not called, at maturity on November 1, 2028, repayment depends on index performance: positive returns are multiplied by 1.50 upside gearing; principal is repaid if the final level is at or above the downside threshold of 90.00% (2,236.325); otherwise losses begin beyond the 10.00% buffer.

The estimated initial value is $9.71 per Security, below the $10 issue price. Any payment is subject to the creditworthiness of UBS, and Swiss resolution powers could affect recoveries. The Securities are not deposits and are not FDIC insured.

UBS Group AG and UBS AG launched seven concurrent cash tender offers to purchase outstanding senior notes across USD and EUR series, as part of proactive funding and total loss‑absorbing capacity management to optimize interest expense. The offers are capped by a Maximum Purchase Consideration of $4,000,000,000, excluding accrued interest, applied across all series using stated acceptance priority levels.

The offers expire at 5:00 p.m. Eastern on November 5, 2025, with withdrawal rights up to that time. Initial settlement is expected on November 7, 2025, and guaranteed delivery settlement on November 10, 2025. If a series is accepted, all validly tendered notes of that series will be purchased with no proration. Key series include 7.500% Senior Notes due 2028 ($2,500 million) and 6.537% Fixed/Floating Senior Callable Notes due 2033 ($3,000 million), each priced versus designated reference securities and fixed spreads.

UBS AG plans to offer Trigger Autocallable Contingent Yield Notes linked to Intel Corporation common stock, unsecured and unsubordinated obligations of UBS. Coupons are paid only if the stock closes at or above a coupon barrier on quarterly observation dates, and the notes are automatically called if the stock closes at or above the initial level on an observation date before maturity.

If not called, and the final level is at or above the downside threshold, investors receive the principal at maturity; if below, repayment is reduced in line with the stock’s decline, up to a total loss. All payments depend on UBS’s credit. Key dates include a final valuation date on October 26, 2028 and maturity on October 30, 2028. The offering price is $10 per Note with a minimum investment of 100 Notes. The estimated initial value is expected to be between $9.46 and $9.71 per Note. The Notes will not be listed on any exchange.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Micron Technology, Inc., maturing on October 30, 2028. These are unsubordinated, unsecured debt obligations of UBS.

Contingent coupons are paid only if the underlying stock closes on an observation date at or above the coupon barrier. The notes auto‑call if the underlying closes at or above the initial level on any observation date before the final valuation date; upon call, you receive the principal plus any due coupon and the notes terminate. If not called, you receive the principal at maturity only if the final level is at or above the downside threshold. If the final level is below the downside threshold, your repayment is reduced one‑for‑one with the stock’s decline, and you could lose your entire investment.

The notes are subject to UBS credit risk, will not be listed, and initially settle T+2. The estimated initial value is $9.68 per Note. The minimum investment is 100 Notes at $10 per Note. Key dates: trade October 27, 2025, settlement October 29, 2025, final valuation October 26, 2028, maturity October 30, 2028.

UBS AG is offering $725,000 of Trigger Autocallable Contingent Yield Notes linked to Micron Technology, Inc. common stock, due October 29, 2026. These unsubordinated, unsecured notes pay a contingent coupon only when the underlying closes at or above a coupon barrier on observation dates, and may be automatically called if the underlying closes at or above its initial level before maturity.

If not called, principal is repaid at maturity only if the final level is at or above the downside threshold; otherwise, repayment is reduced in line with the underlying’s decline, and you could lose all of your investment. Any payment depends on the creditworthiness of UBS. The notes will not be listed. Key dates: trade October 27, 2025, settlement October 29, 2025, final valuation October 27, 2026, maturity October 29, 2026. Minimum investment is 100 Notes at $10 per Note. The estimated initial value is $9.87 per Note.

UBS AG filed a preliminary pricing supplement for Trigger Autocallable Contingent Yield Notes linked to the common stock of First Solar, Inc., due on or about October 29, 2026. These unsecured debt obligations pay a contingent coupon only if the underlying closes at or above a coupon barrier on observation dates, and may be called early if the underlying closes at or above the initial level before the final valuation date.

If not called, at maturity investors receive the principal amount only if the final level is at or above the downside threshold; otherwise they incur a loss proportionate to the underlying’s decline and could lose all principal. All payments are subject to the creditworthiness of UBS. The trade date is October 27, 2025, settlement is expected October 29, 2025, the final valuation date is October 27, 2026, and maturity is October 29, 2026.

The Notes are offered in $10 denominations with a minimum investment of 100 Notes. The estimated initial value per Note is expected to be between $9.56 and $9.81. The Notes will not be listed on any exchange. Initial settlement is T+2, which may require alternative arrangements for secondary trades that typically settle T+1.