Digital Turbine Inc SEC Filings

UBS AG is offering unsecured, unsubordinated Trigger Autocallable Contingent Yield Notes linked to the common stock of Palantir Technologies Inc. (PLTR) that mature on or about 14 July 2028. The $10 face-value notes pay a fixed contingent coupon of 17.19 %–18.11 % p.a. (≈ $0.4298–$0.4528 per quarter) only when PLTR’s closing price on a quarterly observation date is at or above the 50 % coupon barrier. If PLTR closes below that barrier on an observation date, the coupon for that quarter is forfeited.

Automatic call. Beginning 10 Oct 2025 and on each subsequent observation date (except the final one), the notes will be redeemed early at par plus the applicable coupon if PLTR closes at or above the initial level. Early redemption terminates future coupons.

Principal at risk. If the notes are not called early and PLTR’s final level on 12 Jul 2028 is ≥ the 50 % downside threshold, investors receive the full $10 principal. If the final level is below that threshold, repayment equals $10 × (1 + underlying return), exposing investors to one-for-one downside in PLTR and potential total loss of principal.

Key economic terms (to be fixed on trade date 10 Jul 2025):

• Initial level: PLTR closing price on trade date
• Coupon barrier / downside threshold: 50 % of initial level
• Contingent coupon rate: 17.19 %–18.11 % p.a.
• Estimated initial value: $9.44 – $9.69 (reflects embedded fees vs. $10 issue price)

Risk highlights. Investors face (1) equity risk in a single volatile stock; (2) credit risk of UBS AG; (3) liquidity risk—the notes will not be exchange-listed and secondary market making is discretionary; (4) valuation risk—issue price exceeds UBS’s estimated value; (5) coupon uncertainty—coupons cease if PLTR trades below the barrier; and (6) full downside exposure below the 50 % threshold. UBS and its affiliates have conflicts of interest as issuer, calculation agent, and market-maker.

The notes suit investors seeking high conditional income and willing to accept substantial downside and reinvestment risk, limited upside, and UBS credit exposure over a three-year horizon.