ETRACS Whitney US Critical Techs ETN SEC Filings

UBS AG is marketing unsecured, unsubordinated Trigger Autocallable Contingent Yield Notes linked to the common stock of MGM Resorts International (NYSE: MGM) that are expected to settle on July 10, 2025 and mature on July 10, 2028, unless called earlier. The notes have a $10 principal amount and require a minimum purchase of 100 notes ($1,000).

Income potential. Investors may receive a fixed quarterly contingent coupon of 11.10 %–11.96 % per annum ($0.2775–$0.299 per note per quarter) only if the closing price of MGM on a given observation date is at or above the Coupon Barrier (70 % of the initial level). If MGM closes below that barrier, no coupon is paid for that quarter.

Automatic call. Beginning six months after issuance, UBS will automatically redeem the notes on any quarterly observation date when MGM closes at or above the Initial Level. The call settlement amount equals the $10 principal plus the applicable contingent coupon; no further payments occur thereafter.

Principal repayment at maturity. • If the notes are not called and MGM’s final price is at or above the Downside Threshold (65 % of the initial level), UBS repays the full $10 principal.
• If the final price is below that threshold, repayment equals $10 × (1 + Underlying Return), exposing investors to a loss matching MGM’s percentage decline, up to 100 % of capital.

Key risks highlighted by UBS.

• Risk of losing a significant or total investment if MGM falls more than 35 % from the initial level at final valuation.
• Coupons are not guaranteed; they depend on MGM staying above the coupon barrier on each observation date.
• No participation in any price appreciation of MGM; upside is limited to received coupons.
• The notes are illiquid, will not be listed, and any secondary market making by UBS affiliates may cease at any time.
• All payments depend on the creditworthiness of UBS AG; the notes rank as ordinary senior debt.
• The estimated initial value is $9.46–$9.71, below the $10 issue price due to underwriting discount, hedging and other costs.
• Complex and uncertain U.S. tax treatment; UBS intends to treat the notes as prepaid derivatives with ordinary-income coupons.

Illustrative scenarios. UBS provides four hypothetical examples: (1) early call after six months produces a 5.98 % total return; (2) held to maturity with MGM ≥ thresholds yields the same 5.98 % total return; (3) MGM ≥ downside threshold but < coupon barrier at final valuation results in a 2.99 % return; (4) MGM falls 70.01 % culminating in a 67.02 % loss of principal.

Important parameters.

• Underlying: MGM Resorts International common stock (Bloomberg: MGM)
• Coupon Barrier: 70 % of initial level
• Downside Threshold: 65 % of initial level
• Observation dates: Quarterly; first call eligibility January 12, 2026
• Estimated initial value: $9.46–$9.71 per $10 note
• CUSIP / ISIN: To be set on trade date

Investors considering these structured notes should fully understand the contingent nature of coupon payments, the potential for substantial principal loss, the absence of secondary-market liquidity, and the reliance on UBS AG’s credit.

UBS AG is marketing unsecured, unsubordinated Trigger Autocallable Contingent Yield Notes linked to the common stock of MGM Resorts International (NYSE: MGM) that are expected to settle on July 10, 2025 and mature on July 10, 2028, unless called earlier. The notes have a $10 principal amount and require a minimum purchase of 100 notes ($1,000).

Income potential. Investors may receive a fixed quarterly contingent coupon of 11.10 %–11.96 % per annum ($0.2775–$0.299 per note per quarter) only if the closing price of MGM on a given observation date is at or above the Coupon Barrier (70 % of the initial level). If MGM closes below that barrier, no coupon is paid for that quarter.

Automatic call. Beginning six months after issuance, UBS will automatically redeem the notes on any quarterly observation date when MGM closes at or above the Initial Level. The call settlement amount equals the $10 principal plus the applicable contingent coupon; no further payments occur thereafter.

Principal repayment at maturity. • If the notes are not called and MGM’s final price is at or above the Downside Threshold (65 % of the initial level), UBS repays the full $10 principal.
• If the final price is below that threshold, repayment equals $10 × (1 + Underlying Return), exposing investors to a loss matching MGM’s percentage decline, up to 100 % of capital.

Key risks highlighted by UBS.

• Risk of losing a significant or total investment if MGM falls more than 35 % from the initial level at final valuation.
• Coupons are not guaranteed; they depend on MGM staying above the coupon barrier on each observation date.
• No participation in any price appreciation of MGM; upside is limited to received coupons.
• The notes are illiquid, will not be listed, and any secondary market making by UBS affiliates may cease at any time.
• All payments depend on the creditworthiness of UBS AG; the notes rank as ordinary senior debt.
• The estimated initial value is $9.46–$9.71, below the $10 issue price due to underwriting discount, hedging and other costs.
• Complex and uncertain U.S. tax treatment; UBS intends to treat the notes as prepaid derivatives with ordinary-income coupons.

Illustrative scenarios. UBS provides four hypothetical examples: (1) early call after six months produces a 5.98 % total return; (2) held to maturity with MGM ≥ thresholds yields the same 5.98 % total return; (3) MGM ≥ downside threshold but < coupon barrier at final valuation results in a 2.99 % return; (4) MGM falls 70.01 % culminating in a 67.02 % loss of principal.

Important parameters.

• Underlying: MGM Resorts International common stock (Bloomberg: MGM)
• Coupon Barrier: 70 % of initial level
• Downside Threshold: 65 % of initial level
• Observation dates: Quarterly; first call eligibility January 12, 2026
• Estimated initial value: $9.46–$9.71 per $10 note
• CUSIP / ISIN: To be set on trade date

Investors considering these structured notes should fully understand the contingent nature of coupon payments, the potential for substantial principal loss, the absence of secondary-market liquidity, and the reliance on UBS AG’s credit.

UBS AG is marketing unsecured, unsubordinated Trigger Autocallable Contingent Yield Notes linked to the common stock of MGM Resorts International (NYSE: MGM) that are expected to settle on July 10, 2025 and mature on July 10, 2028, unless called earlier. The notes have a $10 principal amount and require a minimum purchase of 100 notes ($1,000).

Income potential. Investors may receive a fixed quarterly contingent coupon of 11.10 %–11.96 % per annum ($0.2775–$0.299 per note per quarter) only if the closing price of MGM on a given observation date is at or above the Coupon Barrier (70 % of the initial level). If MGM closes below that barrier, no coupon is paid for that quarter.

Automatic call. Beginning six months after issuance, UBS will automatically redeem the notes on any quarterly observation date when MGM closes at or above the Initial Level. The call settlement amount equals the $10 principal plus the applicable contingent coupon; no further payments occur thereafter.

Principal repayment at maturity. • If the notes are not called and MGM’s final price is at or above the Downside Threshold (65 % of the initial level), UBS repays the full $10 principal.
• If the final price is below that threshold, repayment equals $10 × (1 + Underlying Return), exposing investors to a loss matching MGM’s percentage decline, up to 100 % of capital.

Key risks highlighted by UBS.

• Risk of losing a significant or total investment if MGM falls more than 35 % from the initial level at final valuation.
• Coupons are not guaranteed; they depend on MGM staying above the coupon barrier on each observation date.
• No participation in any price appreciation of MGM; upside is limited to received coupons.
• The notes are illiquid, will not be listed, and any secondary market making by UBS affiliates may cease at any time.
• All payments depend on the creditworthiness of UBS AG; the notes rank as ordinary senior debt.
• The estimated initial value is $9.46–$9.71, below the $10 issue price due to underwriting discount, hedging and other costs.
• Complex and uncertain U.S. tax treatment; UBS intends to treat the notes as prepaid derivatives with ordinary-income coupons.

Illustrative scenarios. UBS provides four hypothetical examples: (1) early call after six months produces a 5.98 % total return; (2) held to maturity with MGM ≥ thresholds yields the same 5.98 % total return; (3) MGM ≥ downside threshold but < coupon barrier at final valuation results in a 2.99 % return; (4) MGM falls 70.01 % culminating in a 67.02 % loss of principal.

Important parameters.

• Underlying: MGM Resorts International common stock (Bloomberg: MGM)
• Coupon Barrier: 70 % of initial level
• Downside Threshold: 65 % of initial level
• Observation dates: Quarterly; first call eligibility January 12, 2026
• Estimated initial value: $9.46–$9.71 per $10 note
• CUSIP / ISIN: To be set on trade date

Investors considering these structured notes should fully understand the contingent nature of coupon payments, the potential for substantial principal loss, the absence of secondary-market liquidity, and the reliance on UBS AG’s credit.

UBS AG is marketing unsecured, unsubordinated Trigger Autocallable Contingent Yield Notes linked to the common stock of MGM Resorts International (NYSE: MGM) that are expected to settle on July 10, 2025 and mature on July 10, 2028, unless called earlier. The notes have a $10 principal amount and require a minimum purchase of 100 notes ($1,000).

Income potential. Investors may receive a fixed quarterly contingent coupon of 11.10 %–11.96 % per annum ($0.2775–$0.299 per note per quarter) only if the closing price of MGM on a given observation date is at or above the Coupon Barrier (70 % of the initial level). If MGM closes below that barrier, no coupon is paid for that quarter.

Automatic call. Beginning six months after issuance, UBS will automatically redeem the notes on any quarterly observation date when MGM closes at or above the Initial Level. The call settlement amount equals the $10 principal plus the applicable contingent coupon; no further payments occur thereafter.

Principal repayment at maturity. • If the notes are not called and MGM’s final price is at or above the Downside Threshold (65 % of the initial level), UBS repays the full $10 principal.
• If the final price is below that threshold, repayment equals $10 × (1 + Underlying Return), exposing investors to a loss matching MGM’s percentage decline, up to 100 % of capital.

Key risks highlighted by UBS.

• Risk of losing a significant or total investment if MGM falls more than 35 % from the initial level at final valuation.
• Coupons are not guaranteed; they depend on MGM staying above the coupon barrier on each observation date.
• No participation in any price appreciation of MGM; upside is limited to received coupons.
• The notes are illiquid, will not be listed, and any secondary market making by UBS affiliates may cease at any time.
• All payments depend on the creditworthiness of UBS AG; the notes rank as ordinary senior debt.
• The estimated initial value is $9.46–$9.71, below the $10 issue price due to underwriting discount, hedging and other costs.
• Complex and uncertain U.S. tax treatment; UBS intends to treat the notes as prepaid derivatives with ordinary-income coupons.

Illustrative scenarios. UBS provides four hypothetical examples: (1) early call after six months produces a 5.98 % total return; (2) held to maturity with MGM ≥ thresholds yields the same 5.98 % total return; (3) MGM ≥ downside threshold but < coupon barrier at final valuation results in a 2.99 % return; (4) MGM falls 70.01 % culminating in a 67.02 % loss of principal.

Important parameters.

• Underlying: MGM Resorts International common stock (Bloomberg: MGM)
• Coupon Barrier: 70 % of initial level
• Downside Threshold: 65 % of initial level
• Observation dates: Quarterly; first call eligibility January 12, 2026
• Estimated initial value: $9.46–$9.71 per $10 note
• CUSIP / ISIN: To be set on trade date

Investors considering these structured notes should fully understand the contingent nature of coupon payments, the potential for substantial principal loss, the absence of secondary-market liquidity, and the reliance on UBS AG’s credit.

UBS AG is marketing unsecured, unsubordinated Trigger Autocallable Contingent Yield Notes linked to the common stock of MGM Resorts International (NYSE: MGM) that are expected to settle on July 10, 2025 and mature on July 10, 2028, unless called earlier. The notes have a $10 principal amount and require a minimum purchase of 100 notes ($1,000).

Income potential. Investors may receive a fixed quarterly contingent coupon of 11.10 %–11.96 % per annum ($0.2775–$0.299 per note per quarter) only if the closing price of MGM on a given observation date is at or above the Coupon Barrier (70 % of the initial level). If MGM closes below that barrier, no coupon is paid for that quarter.

Automatic call. Beginning six months after issuance, UBS will automatically redeem the notes on any quarterly observation date when MGM closes at or above the Initial Level. The call settlement amount equals the $10 principal plus the applicable contingent coupon; no further payments occur thereafter.

Principal repayment at maturity. • If the notes are not called and MGM’s final price is at or above the Downside Threshold (65 % of the initial level), UBS repays the full $10 principal.
• If the final price is below that threshold, repayment equals $10 × (1 + Underlying Return), exposing investors to a loss matching MGM’s percentage decline, up to 100 % of capital.

Key risks highlighted by UBS.

• Risk of losing a significant or total investment if MGM falls more than 35 % from the initial level at final valuation.
• Coupons are not guaranteed; they depend on MGM staying above the coupon barrier on each observation date.
• No participation in any price appreciation of MGM; upside is limited to received coupons.
• The notes are illiquid, will not be listed, and any secondary market making by UBS affiliates may cease at any time.
• All payments depend on the creditworthiness of UBS AG; the notes rank as ordinary senior debt.
• The estimated initial value is $9.46–$9.71, below the $10 issue price due to underwriting discount, hedging and other costs.
• Complex and uncertain U.S. tax treatment; UBS intends to treat the notes as prepaid derivatives with ordinary-income coupons.

Illustrative scenarios. UBS provides four hypothetical examples: (1) early call after six months produces a 5.98 % total return; (2) held to maturity with MGM ≥ thresholds yields the same 5.98 % total return; (3) MGM ≥ downside threshold but < coupon barrier at final valuation results in a 2.99 % return; (4) MGM falls 70.01 % culminating in a 67.02 % loss of principal.

Important parameters.

• Underlying: MGM Resorts International common stock (Bloomberg: MGM)
• Coupon Barrier: 70 % of initial level
• Downside Threshold: 65 % of initial level
• Observation dates: Quarterly; first call eligibility January 12, 2026
• Estimated initial value: $9.46–$9.71 per $10 note
• CUSIP / ISIN: To be set on trade date

Investors considering these structured notes should fully understand the contingent nature of coupon payments, the potential for substantial principal loss, the absence of secondary-market liquidity, and the reliance on UBS AG’s credit.

UBS AG is marketing unsecured, unsubordinated Trigger Autocallable Contingent Yield Notes linked to the common stock of MGM Resorts International (NYSE: MGM) that are expected to settle on July 10, 2025 and mature on July 10, 2028, unless called earlier. The notes have a $10 principal amount and require a minimum purchase of 100 notes ($1,000).

Income potential. Investors may receive a fixed quarterly contingent coupon of 11.10 %–11.96 % per annum ($0.2775–$0.299 per note per quarter) only if the closing price of MGM on a given observation date is at or above the Coupon Barrier (70 % of the initial level). If MGM closes below that barrier, no coupon is paid for that quarter.

Automatic call. Beginning six months after issuance, UBS will automatically redeem the notes on any quarterly observation date when MGM closes at or above the Initial Level. The call settlement amount equals the $10 principal plus the applicable contingent coupon; no further payments occur thereafter.

Principal repayment at maturity. • If the notes are not called and MGM’s final price is at or above the Downside Threshold (65 % of the initial level), UBS repays the full $10 principal.
• If the final price is below that threshold, repayment equals $10 × (1 + Underlying Return), exposing investors to a loss matching MGM’s percentage decline, up to 100 % of capital.

Key risks highlighted by UBS.

• Risk of losing a significant or total investment if MGM falls more than 35 % from the initial level at final valuation.
• Coupons are not guaranteed; they depend on MGM staying above the coupon barrier on each observation date.
• No participation in any price appreciation of MGM; upside is limited to received coupons.
• The notes are illiquid, will not be listed, and any secondary market making by UBS affiliates may cease at any time.
• All payments depend on the creditworthiness of UBS AG; the notes rank as ordinary senior debt.
• The estimated initial value is $9.46–$9.71, below the $10 issue price due to underwriting discount, hedging and other costs.
• Complex and uncertain U.S. tax treatment; UBS intends to treat the notes as prepaid derivatives with ordinary-income coupons.

Illustrative scenarios. UBS provides four hypothetical examples: (1) early call after six months produces a 5.98 % total return; (2) held to maturity with MGM ≥ thresholds yields the same 5.98 % total return; (3) MGM ≥ downside threshold but < coupon barrier at final valuation results in a 2.99 % return; (4) MGM falls 70.01 % culminating in a 67.02 % loss of principal.

Important parameters.

• Underlying: MGM Resorts International common stock (Bloomberg: MGM)
• Coupon Barrier: 70 % of initial level
• Downside Threshold: 65 % of initial level
• Observation dates: Quarterly; first call eligibility January 12, 2026
• Estimated initial value: $9.46–$9.71 per $10 note
• CUSIP / ISIN: To be set on trade date

Investors considering these structured notes should fully understand the contingent nature of coupon payments, the potential for substantial principal loss, the absence of secondary-market liquidity, and the reliance on UBS AG’s credit.

Eos Energy Enterprises, Inc. (EOSE) – Form 144 filing discloses a proposed insider sale of common stock.

• Seller & broker: 47,254 common shares are to be sold for the account of Nathan Kroeker through UBS Financial Services Inc., Eleven Madison Ave., New York.
• Transaction size: Aggregate market value is $243,358.10, representing roughly 0.02 % of the 227,589,833 shares outstanding.
• Planned timing & venue: Sale is targeted for 07 / 08 / 2025 on the Nasdaq.
• Source of shares: Shares derive from RSU vesting on 07 / 05 / 2025; 47,254 units vested on that date.
• Recent selling activity: Over the last three months Kroeker sold 152,856 shares on 05 / 16 / 2025 for $1,048,853 and 24,124 shares on 07 / 07 / 2025 for $125,801.84.

The filing is a notice only; execution depends on market conditions, and Rule 144 limits apply. The volume is immaterial versus total shares, but the continued disposition may be monitored by investors assessing insider sentiment.

Eos Energy Enterprises, Inc. (EOSE) – Form 144 filing discloses a proposed insider sale of common stock.

• Seller & broker: 47,254 common shares are to be sold for the account of Nathan Kroeker through UBS Financial Services Inc., Eleven Madison Ave., New York.
• Transaction size: Aggregate market value is $243,358.10, representing roughly 0.02 % of the 227,589,833 shares outstanding.
• Planned timing & venue: Sale is targeted for 07 / 08 / 2025 on the Nasdaq.
• Source of shares: Shares derive from RSU vesting on 07 / 05 / 2025; 47,254 units vested on that date.
• Recent selling activity: Over the last three months Kroeker sold 152,856 shares on 05 / 16 / 2025 for $1,048,853 and 24,124 shares on 07 / 07 / 2025 for $125,801.84.

The filing is a notice only; execution depends on market conditions, and Rule 144 limits apply. The volume is immaterial versus total shares, but the continued disposition may be monitored by investors assessing insider sentiment.

Eos Energy Enterprises, Inc. (EOSE) – Form 144 filing discloses a proposed insider sale of common stock.

• Seller & broker: 47,254 common shares are to be sold for the account of Nathan Kroeker through UBS Financial Services Inc., Eleven Madison Ave., New York.
• Transaction size: Aggregate market value is $243,358.10, representing roughly 0.02 % of the 227,589,833 shares outstanding.
• Planned timing & venue: Sale is targeted for 07 / 08 / 2025 on the Nasdaq.
• Source of shares: Shares derive from RSU vesting on 07 / 05 / 2025; 47,254 units vested on that date.
• Recent selling activity: Over the last three months Kroeker sold 152,856 shares on 05 / 16 / 2025 for $1,048,853 and 24,124 shares on 07 / 07 / 2025 for $125,801.84.

The filing is a notice only; execution depends on market conditions, and Rule 144 limits apply. The volume is immaterial versus total shares, but the continued disposition may be monitored by investors assessing insider sentiment.