UBS AG Files 424B2 Prospectus for New Securities Offering

TL;DR

**UBS AG is gearing up to sell more securities; watch for details on what and how much.**

AI Summary

UBS AG filed a 424B2 prospectus on March 26, 2026, for a new offering under their existing shelf registration (File No. 333-283672). This filing indicates UBS AG is preparing to issue new securities, likely debt or equity, to raise capital. For investors, this means potential dilution if equity is issued, or increased debt obligations for the company, which could impact future earnings or the company's financial leverage.

Why It Matters

This filing signals UBS AG's intent to raise capital, which could affect the company's stock price and financial structure depending on the type and terms of the securities offered.

Risk Assessment

Risk Level: medium — The risk is medium because while it's a standard capital-raising activity, the specifics of the offering (e.g., amount, type of security, interest rates) are not yet detailed, which could impact existing shareholders.

Analyst Insight

Investors should monitor subsequent filings from UBS AG for the specific terms of the offering, such as the type of security (debt or equity), the amount being raised, and the pricing, to assess potential impact on their investment.

Key Numbers

• 424B2 — Form Type (Indicates a prospectus for a new offering under an existing shelf registration.)
• 0001839882-26-017051 — SEC Accession No. (Unique identifier for this specific filing.)
• 333-283672 — File No. (The registration statement under which these securities are being offered.)
• 2026-03-26 — Filing Date (The date the prospectus was officially filed with the SEC.)

Key Players & Entities

• UBS AG (company) — the filer of the 424B2 prospectus
• 0001114446 (company) — CIK of UBS AG
• 333-283672 (dollar_amount) — File Number for the shelf registration statement
• 2026-03-26 (dollar_amount) — Filing Date of the 424B2 prospectus

Forward-Looking Statements

• UBS AG will announce the specific terms (e.g., type, amount, price) of the securities offering within the next few weeks. (UBS AG) — high confidence, target: 2026-04-30

FAQ

Key Financial Figures

• $10 — at a minimum investment of 100 Notes at $10 per Note (representing a $1,000 investm
• $1,000 — 0 Notes at $10 per Note (representing a $1,000 investment), and integral multiples of
• $9.273 — he trade date is expected to be between $9.273 and $9.573. The range of the estimated
• $9.573 — te is expected to be between $9.273 and $9.573. The range of the estimated initial val
• $10.00 — arket Index and the S&P 500 Index $ $10.00 $ $0.20 $ $9.80 UBS Financial
• $0.20 — nd the S&P 500 Index $ $10.00 $ $0.20 $ $9.80 UBS Financial Services In
• $9.80 — 00 Index $ $10.00 $ $0.20 $ $9.80 UBS Financial Services Inc. UBS Inv
• $0.21 — o 9.00% per annum Contingent Coupon $0.21 to $0.225 Contingent coupons on the N
• $0.225 — er annum Contingent Coupon $0.21 to $0.225 Contingent coupons on the Notes are n

Filing Documents

• ubs_424b2-10956.htm (424B2) — 454KB
• image1.jpg (GRAPHIC) — 12KB
• arrow.jpg (GRAPHIC) — 8KB
• image2.jpg (GRAPHIC) — 94KB
• image3.jpg (GRAPHIC) — 93KB
• image4.jpg (GRAPHIC) — 79KB
• image5.jpg (GRAPHIC) — 12KB
• 0001839882-26-017051.txt ( ) — 861KB

From the Filing

The information in this preliminary pricing supplement is not complete and may be changed. We may not sell these Notes until the pricing supplement, the accompanying product supplement, the index supplement and the accompanying prospectus (collectively, the "Offering Documents") are delivered in final form. The Offering Documents are not an offer to sell these Notes and we are not soliciting offers to buy these Notes in any state where the offer or sale is not permitted. PRELIMINARY PRICING SUPPLEMENT Dated March 26, 2026 Filed Pursuant to Rule 424(b)(2) Registration Statement No. 333-283672 (To Prospectus dated February 6, 2025, Index Supplement dated February 6, 2025 and Product Supplement dated February 6, 2025) UBS AG $ Trigger Autocallable Contingent Yield Notes Linked to the least performing of the Swiss Market Index and the S&P 500 Index due on or about March 29, 2029 Investment Description UBS AG Trigger Autocallable Contingent Yield Notes (the "Notes") are unsubordinated, unsecured debt obligations issued by UBS AG ("UBS" or the "issuer") linked to the least performing of the Swiss Market Index and the S&P 500 Index (each an "underlying asset" and together the "underlying assets"). If the closing level of each underlying asset is equal to or greater than its coupon barrier on an observation date (including the final valuation date), UBS will pay you a contingent coupon on the related coupon payment date. If the closing level of any underlying asset is less than its coupon barrier on an observation date, no contingent coupon will be paid for the related coupon payment date. UBS will automatically call the Notes early if the closing level of each underlying asset on any observation date (beginning after 6 months) prior to the final valuation date is equal to or greater than its call threshold level, which is a level of each underlying asset equal to a percentage of its initial level, as indicated below. If the Notes are subject to an automatic call, UBS will pay you on the coupon payment date corresponding to such observation date (the "call settlement date") a cash payment per Note equal to the principal amount plus any contingent coupon otherwise due, and no further payments will be made on the Notes. If the Notes are not subject to an automatic call and the final level of each underlying asset is equal to or greater than its downside threshold, at maturity, UBS will pay you a cash payment per Note equal to the principal amount. If the Notes are not subject to an automatic call and the final level of any underlying asset is less than its downside threshold, at maturity, UBS will pay you a cash payment per Note that is less than the principal amount, if anything, resulting in a percentage loss on your initial investment equal to the percentage decline in the closing level of the underlying asset with the lowest underlying return (the "least performing underlying asset") from its initial level to its final level over the term of the Notes and, in extreme situations, you could lose all of your initial investment. Investing in the Notes involves significant risks. You will lose a significant portion or all of your initial investment if the Notes are not subject to an automatic call and the final level of any underlying asset is less than its downside threshold. You may not receive any contingent coupons during the term of the Notes. You will be exposed to the market risk of each underlying asset on each observation date, including the final valuation date, and any decline in the level of one underlying asset may negatively affect your return and will not be offset or mitigated by a lesser decline or any potential increase in the level of any other underlying asset. Higher contingent coupon rates are generally associated with a greater risk of loss. The contingent repayment of principal only applies if you hold the Notes until the maturity date. Any payment on the Notes, including any repayment of principal, is subject to the creditworthiness of UBS. If UBS were to default on its obligations, you may not receive any amounts owed to you under the Notes and you could lose all of your initial investment. Features Potential for Periodic Contingent Coupons — UBS will pay a contingent coupon on the related coupon payment date if the closing level of each underlying asset is equal to or greater than its coupon barrier on an observation date (including the final valuation date). Otherwise, if the closing level of any underlying asset is less than its coupon barrier on an observation date, no contingent coupon will be paid for the related coupon payment date. Automatic Call Feature — UBS will automatically call the Notes and pay you the principal amount of your Notes plus any contingent coupon otherwise due on the related coupon payment date if the closing level of each underlying asset is equal to or greater than its call threshold level on any observation date (beginning after 6 months) p

View Full Filing

View this 424B2 filing on SEC EDGAR