UBS AG is offering $200,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of CrowdStrike Holdings, Inc., due October 22, 2027.
The Notes pay a contingent coupon only if the underlying stock closes on or above a coupon barrier on an observation date. They are subject to an automatic call if the stock closes at or above the initial level on any observation date before the final valuation date; if called, 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 stock’s decline, and investors could lose all principal.
Any payment is subject to UBS’s creditworthiness. The Notes will not be listed. Key dates: trade date October 20, 2025, settlement October 22, 2025, final valuation October 20, 2027, maturity October 22, 2027. Minimum investment is 100 Notes at $10 per Note (i.e., $1,000). The estimated initial value is $9.78 per Note.
UBS AG announced a preliminary pricing supplement for Trigger Autocallable Contingent Yield Notes linked to the American depositary receipts of Pinduoduo Inc. These unsecured notes pay a contingent coupon only if the ADR closing level on each observation date is at or above a defined coupon barrier. The notes are automatically called if the ADR closes at or above the initial level on any observation date before the final valuation date; if called, investors receive principal plus any due contingent coupon.
If not called, repayment of principal at maturity depends on a downside threshold: principal is returned only if the final level is at or above that threshold; otherwise, repayment is reduced one-for-one with the ADR’s decline, up to total loss. All payments are subject to UBS credit risk. Key dates: trade October 20, 2025, settlement October 22, 2025, final valuation October 20, 2026, and maturity October 22, 2026. The estimated initial value is expected between $9.51 and $9.76 per $10 note. Minimum purchase is 100 notes at $10 each. The notes will not be listed.
UBS AG is offering $7,597,000 of Trigger Autocallable Contingent Yield Notes with Memory Interest linked to the least performing of the Russell 2000 Index (RTY) and the S&P 500 Index (SPX), due October 20, 2028.
The Notes pay a contingent coupon of 8.70% per annum (semiannual $43.50 per $1,000) only if each index closes at or above its coupon barrier on an observation date; missed coupons may be paid later under the memory feature. The Notes are automatically called if each index is at or above its call threshold (100% of initial) on any semiannual observation date before maturity, returning principal plus due and previously unpaid coupons.
If not called, principal is repaid at maturity only if each index is at or above its downside threshold (70% of initial); otherwise, repayment is reduced by the loss of the least performing index, up to total loss. Initial levels: RTY 2,452.173; SPX 6,664.01. Barriers/thresholds are 70% of initial. The estimated initial value is $974.10 per $1,000. The Notes are unsecured obligations of UBS, will not be listed, and are not FDIC insured. A structuring fee of $6.00 per Note applies to $6,499,000 aggregate principal.
UBS AG is offering $2,015,000 of Trigger Autocallable Contingent Yield Notes with Memory Interest linked to the least performing of Apple (AAPL), Blackstone (BX) and Micron (MU), due October 20, 2028. The notes pay a 12.75% per annum contingent coupon when each underlying is at or above its coupon barrier, set at 60.00% of its initial level.
The notes may be automatically called on quarterly observation dates beginning after 6 months if each underlying is at or above its call threshold level, set at 100.00% of its initial level. If not called, repayment at maturity depends on a threshold event: if each final level is below its upper barrier (100.00%) and any final level is below its downside threshold (60.00%), investors incur a loss equal to the least performer’s negative return; otherwise, principal is repaid. The issue price is $1,000 per Note; underwriting compensation is $15.00 per Note and proceeds to UBS are $985.00 per Note, with an estimated initial value of $940.20 per Note. Payments are subject to UBS credit risk, and the notes will not be listed.
UBS AG is offering $6,926,010 of Buffer Autocallable GEARS linked to the Russell 2000 Index, due October 19, 2028. The issue price is $10 per Security (minimum 100), with an underwriting discount of $0.25 and proceeds to UBS of $9.75 per Security.
The notes may be automatically called on October 22, 2026 if RTY closes at or above the autocall barrier (100.00% of the initial level 2,519.754), paying the call price $11.00 (10.00% per annum). If not called, maturity payment depends on index performance: upside participation at 1.41x; principal repaid if the final level is at or above the downside threshold 2,267.779 (90.00% of initial); losses beyond a 10.00% buffer if below. The Securities do not pay interest and all payments are subject to UBS credit. The estimated initial value is $9.725. Key dates: trade October 15, 2025; settlement October 20, 2025; final valuation October 16, 2028.
UBS AG filed a preliminary 424(b)(2) pricing supplement for Trigger Autocallable Contingent Yield Notes linked to Broadcom Inc. common stock. The Notes pay a contingent coupon only if the stock closes at or above a coupon barrier on observation dates, and they may be automatically called early if the stock is at or above the initial level on any observation date before maturity.
If not called, principal is repaid at maturity only if the final level is at or above a downside threshold; otherwise, repayment falls with the stock’s decline and can reach zero. Key dates include an expected trade date of October 15, 2025, settlement on October 17, 2025, final valuation on October 14, 2027, and maturity on October 18, 2027. The estimated initial value per $10 Note is expected to be between $9.52 and $9.77. The minimum investment is 100 Notes at $10 each. Payments are unsecured obligations of UBS and the Notes will not be listed on an exchange.
UBS AG is offering $500,000 Trigger Autocallable Contingent Yield Notes linked to Intel Corporation common stock, due October 19, 2026. These unsecured, unsubordinated notes pay a contingent coupon only when Intel’s closing level on an observation date is at or above the coupon barrier.
The contingent coupon rate is 18.72% per annum, equating to $0.468 per quarter per $10 note when payable. The notes auto-call if Intel’s level on an observation date (before the final valuation date) is at or above the initial level; if called, investors receive principal plus the applicable contingent coupon.
If not called, principal is repaid at maturity only if the final level is at or above the downside threshold. The coupon barrier and downside threshold are $22.29, which is 60.00% of the initial level. If the final level is below the downside threshold, repayment is reduced one-for-one with Intel’s decline, up to total loss. The estimated initial value is $9.79 per $10 note. The notes are not listed and are subject to UBS credit risk.
UBS AG plans to offer Trigger Callable Contingent Yield Notes linked to the least performing of the Dow Jones Industrial Average, Nasdaq‑100, and Russell 2000. The Notes pay a contingent coupon only if each index closes at or above its coupon barrier on the monthly observation date; otherwise no coupon is paid. UBS may call the Notes, in whole, on any observation date beginning after 3 months, returning principal plus any due coupon. If not called and each index finishes at or above its downside threshold at maturity, investors receive principal back.
If any index finishes below its downside threshold at maturity, the repayment is reduced by that index’s percentage decline, up to total loss of principal. Key terms include a contingent coupon rate of 10.75% per annum, coupon barriers and downside thresholds at 70.00% of initial levels, monthly observations, expected trade date October 24, 2025, and maturity on or about October 28, 2027. Issue price is $1,000 per Note, with an underwriting discount of $6.50 and proceeds to UBS of $993.50 per Note. The estimated initial value is expected between $961.50 and $991.50, and payments are subject to UBS credit risk.
UBS AG is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Moderna, Inc., due October 14, 2026. The notes pay a contingent coupon only if the underlying closes on each observation date at or above a coupon barrier; otherwise no coupon is paid. The notes will be automatically called if the underlying closes at or above the initial level on any observation date before the final valuation date, returning principal plus any due coupon.
If not called, and the final level is at or above the downside threshold, investors receive principal at maturity; if below, repayment is reduced one-for-one with the underlying’s decline, and investors could lose all principal. Payments are subject to UBS credit risk. Key dates: trade date October 9, 2025, settlement October 14, 2025, final valuation October 12, 2026, maturity October 14, 2026. The notes are offered at $10 per Note (minimum 100 Notes) and have an estimated initial value of $9.81. The notes will not be listed.
UBS AG is offering $1,985,000 of Trigger Autocallable Contingent Yield Notes linked to Meta Platforms common stock, maturing on October 19, 2028. The notes pay a 13.15% per annum contingent coupon only when META’s closing level on a quarterly observation date is at or above the coupon barrier of $496.06 (70% of the initial level).
The notes are automatically called if META is at or above the call threshold of $708.65 (100% of the initial level) on any observation date before final maturity, returning principal plus the applicable coupon. If not called, and META’s final level is at or above $496.06, holders receive principal at maturity. If the final level is below $496.06, the maturity payment is reduced one-for-one with META’s decline, and investors could lose all principal.
Issue price is $1,000 per note; estimated initial value is $973.00. Underwriting discount is $20.00 per note, for proceeds to UBS of $980.00 per note. Payments depend on UBS’s credit. The notes will not be listed.