UBS AG is offering Airbag In-Digital Securities linked to the S&P 500® Index, each with a $1,000 principal amount and maturing on or about March 22, 2027. These unsecured notes pay no interest and provide a fixed digital return of 9.65% at maturity if the index’s final level is at or above an 85.00% digital barrier, which is also the downside threshold.
If the S&P 500® closes below this 85.00% downside threshold on the final valuation date, investors receive less than their principal, losing about 1.1765% of principal for every 1% decline in the index beyond the 15.00% threshold, potentially down to zero. The estimated initial value per Security on the trade date is expected to be between $966.20 and $996.20, reflecting embedded fees and UBS’ internal funding rate.
UBS Securities LLC earns an underwriting discount of $2.50 per Security, so UBS’ proceeds are $997.50 per Security before other costs. Any payment at maturity depends entirely on the S&P 500® performance and the creditworthiness of UBS; if UBS defaults, investors could lose their entire investment.
UBS AG is offering $4,178,000 of Capped Buffer GEARS, unsecured debt securities linked to the iShares MSCI EAFE ETF, maturing on December 21, 2028. Each $1,000 Security provides 1.50x leveraged upside on any positive ETF return, but gains are capped at a 38.30% maximum, for a maximum payment of $1,383 per Security. A 15.00% buffer applies on the downside: if the ETF’s final level is at or above 85.00% of the initial $94.92 level ($80.68), investors receive back their $1,000 principal at maturity. If the final level falls below the downside threshold, repayment is reduced based on the ETF loss beyond the 15.00% buffer and investors can lose almost all of their investment. The Securities pay no interest, are not listed on an exchange, and all payments depend on the creditworthiness of UBS AG.
UBS AG is offering Trigger Callable Contingent Yield Notes due September 21, 2027, linked to the least performing of the Nasdaq-100 Index, Russell 2000 Index and S&P 500 Equal Weight Index. The Notes pay a contingent coupon at a rate of 11.65% per annum (or $29.125 per quarter per $1,000) only if, on an observation date, each index closes at or above its coupon barrier, set at 70% of its initial level. UBS may call the Notes on any quarterly observation date (other than the final one) and repay principal plus any due coupon.
If the Notes are not called and, at maturity, any index finishes below its downside threshold, set at 65% of its initial level, investors receive less than the $1,000 principal in proportion to the decline of the worst-performing index, and could lose their entire investment. The estimated initial value is between $957.00 and $987.00 per $1,000. The Notes are unsecured obligations of UBS, not listed on any exchange and are not bank deposits or FDIC insured.
UBS AG is offering $970,000 of Trigger Autocallable Contingent Yield Notes due December 21, 2028, linked to the least performing of the VanEck Gold Miners ETF (GDX), the SPDR S&P Homebuilders ETF (XHB) and the Technology Select Sector SPDR Fund (XLK). The Notes pay a contingent coupon at a 14.25% per annum rate (about $11.875 per $1,000 note per month) only if on an observation date each ETF closes at or above its coupon barrier, set at 60% of its initial level.
The Notes are automatically called after six months if on an observation date each ETF is at or above its call threshold (100% of its initial level), paying back principal plus any due coupon. If not called and at maturity each ETF is at or above its downside threshold (60% of initial level), investors receive full principal. If any ETF finishes below its downside threshold, repayment is reduced one-for-one with the worst ETF’s loss, and all principal can be lost.
The Notes are unsecured, unsubordinated UBS debt, not insured by any government agency, and will not be listed on an exchange. The estimated initial value is $973.30 per $1,000 note, reflecting internal pricing, fees and hedging costs.
UBS AG is offering Trigger Autocallable Contingent Yield Notes with Memory Interest linked to the least performing of the S&P 500® Index, Russell 2000® Index and Nasdaq-100® Technology Sector IndexSM, each with a $1,000 principal amount. The Notes pay a contingent coupon at an annual rate of 9.30% only when all three indices close at or above their coupon barriers, with missed coupons potentially paid later under the memory feature. The Notes are automatically called if, on a monthly observation date after 12 months, all indices are at or above their call thresholds, returning principal plus due and unpaid coupons. If the Notes are not called and any index finishes below its downside threshold at maturity, investors receive less than principal in proportion to the worst index’s decline, and could lose their entire investment. The estimated initial value is expected between $942.70 and $972.70 per Note, and all payments depend on the creditworthiness of UBS.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to Meta Platforms common stock, maturing December 20, 2027. These unsecured debt notes can pay periodic contingent coupons, but only when Meta’s closing price on an observation date is at or above a preset coupon barrier. If Meta closes at or above the initial level on any observation date before maturity, the notes are automatically called and investors receive the $10 principal per Note plus the applicable contingent coupon, with no further payments.
If the notes are not called early and Meta’s final level on the December 16, 2027 valuation date is at or above the downside threshold, investors receive back the $10 principal per Note, plus any final contingent coupon if the coupon barrier is met. If the final level is below the downside threshold, repayment is reduced in line with Meta’s percentage decline, and investors can lose all of their initial investment. A hypothetical structure uses a 10.42% per annum contingent coupon (about $0.2605 per period) with both the downside threshold and coupon barrier at 70% of the initial level. All payments depend on UBS’s credit and the notes will not be listed on an exchange.
UBS AG is offering unsecured Trigger Autocallable Contingent Yield Notes linked to the American depositary receipts of YPF Sociedad Anónima, maturing on December 20, 2027. These $10-denomination notes pay a contingent coupon only if the YPF ADR closes at or above a preset coupon barrier on each observation date. If, on any observation date before maturity, the ADR closes at or above the initial level, the notes are automatically called and investors receive the $10 principal per note plus any due contingent coupon, with no further payments.
If the notes are not called and the final ADR level on the December 16, 2027 valuation date is at or above the downside threshold, investors receive their $10 principal back at maturity, potentially with a final contingent coupon. If the final level is below the downside threshold, repayment is reduced in line with the ADR’s percentage decline, and investors can lose some or all of their investment. The estimated initial value is $9.27 per $10 note, the minimum investment is 100 notes ($1,000), the notes will not be listed on any exchange, and all payments depend on UBS’s creditworthiness.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the American depositary receipts of YPF Sociedad Anónima, maturing on or about December 20, 2027. These unsecured, unsubordinated debt notes pay a contingent coupon only if the underlying ADR closes at or above a specified coupon barrier on an observation date; otherwise no coupon is paid for that period.
The notes are automatically called early if, on any observation date before final valuation, the ADR’s closing level is at or above the initial level, in which case investors receive the principal amount plus any due coupon and no further payments. If not called, and on the final valuation date the ADR is at or above a downside threshold, investors receive the $10 principal per Note
Payments depend entirely on UBS’s creditworthiness. The notes will not be listed on any exchange, have a minimum investment of 100 Notes at $10 each, and an estimated initial value between $8.97 and $9.22 per Note based on UBS internal pricing models.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Oracle Corporation, maturing on or about December 18, 2026. These unsecured debt securities pay a contingent coupon only if Oracle’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 may be automatically called before maturity if Oracle’s price on any observation date (other than the final one) is at or above the initial level, in which case investors receive the $10 principal per Note plus any due coupon and no further payments. If not called and Oracle’s final level is at or above the downside threshold, investors receive only principal at maturity. If the final level is below the downside threshold, the payout is $10 × (1 + underlying return), exposing investors to full downside market risk and possible total loss of principal.
The minimum investment is 100 Notes at $10 per Note$9.48 and $9.73. All payments depend on the creditworthiness of UBS, and the Notes are not bank deposits and are not insured by the FDIC or any other governmental agency.
UBS AG is offering $10,803,300 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Marvell Technology, Inc., maturing on December 18, 2028. These unsecured debt notes can pay quarterly contingent coupons, but only when Marvell’s share price on an observation date is at or above a preset coupon barrier; otherwise no coupon is paid.
The notes can be called early each quarter starting after six months if the stock closes at or above the initial level, in which case investors receive the $10 principal per note plus any due coupon and the notes terminate. If not called, and the stock is at or above a downside threshold at maturity, investors receive back principal (and possibly a final coupon). If the stock finishes below the downside threshold, repayment is reduced in line with the stock’s loss, and all principal can be lost. Payments also depend on UBS’s credit, with an estimated initial value of $9.70 per $10 note and a minimum purchase of 100 notes.