UBS ETRACS Alerian MLP ETN Series B SEC Filings

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the American depositary receipts of Petróleo Brasileiro S.A., maturing on December 18, 2026. The Notes pay a contingent coupon only if the underlying ADR closes at or above a preset coupon barrier on each observation date; otherwise no coupon is paid. They are automatically called early if the ADR closes at or above the initial level on any observation date before maturity, in which case investors receive the principal plus any due coupon and no further payments. If the Notes are not called and the final ADR level is at or above a downside threshold, investors receive the full principal at maturity, but if it is below that threshold, repayment is reduced in line with the ADR’s decline and can fall to zero. The Notes are unsecured debt of UBS, sold at $10 per Note with a minimum investment of 100 Notes, and have an estimated initial value of $9.61, will not be listed on an exchange, and carry both market and issuer credit risk.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Advanced Micro Devices, Inc. These unsecured debt securities can pay a contingent coupon on each observation date, but only if AMD’s share price 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 AMD’s stock closes at or above the initial level on any observation date, in which case investors receive principal plus the applicable contingent coupon and the product terminates. If not called, and AMD’s final stock level is at or above a specified downside threshold, investors receive full principal at maturity, potentially with a final coupon.

If the notes are not called and AMD’s final stock level is below the downside threshold, repayment is reduced in line with the stock’s negative return, and investors can lose all of their initial investment. All payments depend on UBS’s ability to meet its obligations, and the estimated initial value per $10 note is $9.75. The minimum investment is 100 notes, or $1,000.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Amazon.com, Inc., maturing on December 20, 2027. Each Note has a principal amount of $10 and pays a contingent coupon only if Amazon’s closing level on each observation date is at or above the coupon barrier; otherwise no coupon is paid for that period.

The Notes are automatically called early if Amazon’s closing level 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 Amazon’s final level is at or above the downside threshold, investors receive the full principal at maturity; if it is below the downside threshold, repayment is reduced in line with the stock’s decline and investors can lose all of their investment.

The minimum investment is 100 Notes (a $1,000 purchase). The estimated initial value is $9.75 per $10 Note, reflecting UBS’ internal pricing. All payments depend on the creditworthiness of UBS, and the Notes will not be listed on an exchange.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the American depositary receipts of Petróleo Brasileiro S.A., maturing on or about December 18, 2026. These unsecured debt obligations pay a contingent coupon only when the underlying ADRs close at or above a specified coupon barrier on each observation date.

The Notes may be automatically called early if, on any observation date before maturity, the underlying closes at or above its initial level. In that case, investors receive the principal plus any due contingent coupon on the call settlement date and the Notes terminate. If the Notes are not called and, on the final valuation date, the underlying is at or above the downside threshold, investors receive full principal at maturity, plus any final contingent coupon if the coupon barrier is also met.

If the Notes are not called and the final level is below the downside threshold, repayment of principal is reduced in line with the negative return of the underlying, and investors could lose their entire initial investment. Any payment, including contingent coupons and principal, depends on the creditworthiness of UBS. The Notes are not bank deposits, are not insured by any governmental agency, and will not be listed on any securities exchange.

UBS AG is offering $1,517,000 of Trigger Autocallable Contingent Yield Notes linked to Pinterest, Inc. stock, maturing December 20, 2027. These unsecured debt notes pay a contingent coupon only if Pinterest’s closing share price on a quarterly observation date (including the final valuation date) is at or above a coupon barrier; otherwise no coupon is paid.

The notes can be called early each quarter starting about six months after the December 16, 2025 trade date if Pinterest’s price is at or above the initial level, in which case holders receive the $10 principal per note plus any due coupon and the notes terminate. If the notes are not called and Pinterest’s final level is at or above the downside threshold, principal is repaid at maturity; if it is below, repayment is reduced in line with the share price decline and can fall to zero.

Illustrative terms include a 14.94% per annum contingent coupon (about $0.3735 per quarter on a $10 note), a downside threshold and coupon barrier at 60% of the initial level, and an estimated initial value of $9.70 per $10 note. All payments depend on UBS’s creditworthiness.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of NVIDIA Corporation, maturing on December 20, 2027. These unsecured debt obligations can pay periodic contingent coupons, but only if NVIDIA’s closing share price on each observation date is at or above a preset coupon barrier.

The Notes may be automatically called early if NVIDIA’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 NVIDIA’s final share price is at or above the downside threshold, investors receive their principal back, potentially with a final coupon. If the final share price is below the downside threshold, repayment is reduced in line with the share price decline, and investors could lose their entire investment. All payments depend on UBS’s credit, and the Notes are not listed on any exchange.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Advanced Micro Devices, Inc., maturing on or about December 20, 2027. These unsecured debt notes pay a contingent coupon only if AMD’s share price on each 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 the $10 principal per Note plus any due coupon, and the product ends.

If the notes are not called and AMD’s final share price on the valuation date is at or above a downside threshold, investors receive back the $10 principal per Note at maturity. If AMD finishes below the downside threshold, repayment is reduced in line with AMD’s percentage loss, and investors can lose all of their investment. Any payment depends on the creditworthiness of UBS. The minimum investment is 100 Notes at $10 each, and the estimated initial value is expected between $9.45 and $9.70 per Note.

UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Amazon.com, Inc., scheduled to mature on or about December 20, 2027. These are unsecured, unsubordinated debt obligations of UBS, not bank deposits and not FDIC insured.

Investors receive a contingent coupon on each observation date only if Amazon’s closing share price is at or above a preset coupon barrier. The Notes are automatically called early if, on any observation date before maturity, the share price is at or above the initial level; in that case, investors receive their principal plus the applicable contingent coupon, and the Notes terminate.

If the Notes are not called and Amazon’s final share price is at or above a downside threshold, investors receive their full principal at maturity. If the final price is below this threshold, repayment is reduced in proportion to Amazon’s decline, and the entire investment can be lost. The Notes are issued in $10 denominations, with a minimum investment of 100 Notes ($1,000). The estimated initial value per Note on the trade date is expected to be between $9.45 and $9.70, and the Notes will not be listed on any exchange.

UBS AG is offering $200,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Eli Lilly and Company, maturing on December 18, 2028. These unsecured debt notes may pay a contingent coupon only if Eli Lilly’s share price on each observation date is at or above a preset coupon barrier; otherwise, no coupon is paid for that period.

The notes can be called early if Eli Lilly’s stock closes at or above the initial level on any observation date before maturity, in which case investors receive the principal 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, investors receive full principal back, with any final coupon if the coupon barrier is met. If the final level is below the downside threshold, repayment is reduced in line with the stock’s percentage decline, and investors could lose all of their initial investment. Payments, including principal, depend on UBS’s credit, and the notes are not listed on any exchange. The estimated initial value is $9.69 per $10 note.