UBS AG is offering $1,000 trigger autocallable contingent-yield notes linked to the least performing Russell 2000 and S&P 500 indexes, with Maturity due on or about October 19, 2029. Investors face a structured product that is neither a bank deposit nor insured by the Federal Deposit Insurance Corporation or another government agency.

Key Highlights

  • The notes are due on or about October 19, 2029.
  • UBS will periodically pay unaffiliated third-party dealers a $4.50 structuring fee per note on some or all of the securities.
  • Each note has an issue price of $1,000 and is due on or about October 19, 2029.
  • The securities’ return is linked to the least performing of two named indexes, with autocallable, contingent-yield and memory-interest features.

Each note carries an issue price of $1,000 and is due on or about October 19, 2029. The preliminary terms remain subject to change before the pricing supplement and related offering documents reach final form.

$1,000 Notes Track the Weaker Index

The securities combine an autocallable feature with contingent Yield and memory interest. Their return is linked to the least performing of the two named indexes, rather than to both indexes independently. UBS Securities LLC and UBS Investment Bank are identified in the offering materials. The per-note proceeds to UBS AG are $1,000, while per-note Underwriting compensation is $0.00. Sales are intended for certain fee-based advisory accounts whose adviser is an unaffiliated third party.

Preliminary Terms Carry Product Risks

The securities cannot be sold until the pricing supplement, product supplement, index supplement and prospectus are delivered in final form. The materials state that the notes are not an offer to sell and that UBS is not soliciting purchases where those transactions are prohibited. The notes are not bank deposits. The preliminary pricing supplement is dated September 23, 2026, and the accompanying product, index and prospectus supplements are dated February 6, 2025.