UBS AG Prices $1.13M S&P 500 Linked Notes

TL;DR

UBS AG dropped $1.13M in new notes tied to S&P 500. Payouts depend on index level, UBS can call early. Due 2029.

AI Summary

UBS AG is issuing $1,132,000 in Trigger Callable Contingent Yield Notes due April 11, 2029, linked to the S&P 500 Index. These notes offer a contingent coupon if the S&P 500 Index is above a certain barrier on observation dates. UBS has the option to call the notes early, and repayment at maturity depends on the S&P 500 Index's performance relative to a downside threshold.

Why It Matters

This filing details a new debt issuance by UBS AG, offering investors exposure to the S&P 500 Index with specific payout conditions and potential early redemption by the issuer.

Risk Assessment

Risk Level: medium — The notes carry credit risk of UBS AG and market risk tied to the S&P 500 Index, with potential for principal loss if the index falls below a specified threshold.

Key Numbers

• $1,132,000 — Principal Amount (Total value of the Trigger Callable Contingent Yield Notes being issued.)
• April 11, 2029 — Maturity Date (The final date when the notes will mature, subject to early call provisions.)

Key Players & Entities

• UBS AG (company) — Issuer of the notes
• $1,132,000 (dollar_amount) — Principal amount of the notes
• S&P 500 Index (index) — Underlying asset for the notes
• April 6, 2026 (date) — Date of the pricing supplement
• April 11, 2029 (date) — Maturity date of the notes

FAQ

Key Financial Figures

• $1,132,000 — lement dated February 6, 2025) UBS AG $1,132,000 Trigger Callable Contingent Yield Notes
• $985.00 — ue of the Notes as of the trade date is $985.00. The estimated initial value of the Not
• $1,132,000.00 — e Notes linked to the S&P 500 Index $1,132,000.00 $1,000.00 $1,698.00 $1.50 $1,13
• $1,000.00 — to the S&P 500 Index $1,132,000.00 $1,000.00 $1,698.00 $1.50 $1,130,302.00 $
• $1,698.00 — 500 Index $1,132,000.00 $1,000.00 $1,698.00 $1.50 $1,130,302.00 $998.50 (1)
• $1.50 — $1,132,000.00 $1,000.00 $1,698.00 $1.50 $1,130,302.00 $998.50 (1) Notwith
• $1,130,302.00 — 00.00 $1,000.00 $1,698.00 $1.50 $1,130,302.00 $998.50 (1) Notwithstanding the und
• $998.50 — 0 $1,698.00 $1.50 $1,130,302.00 $998.50 (1) Notwithstanding the underwriting
• $4.50 — unaffiliated dealer a marketing fee of $4.50 per Note with respect to all of the Not
• $1,000 — S AG London Branch Principal Amount $1,000 per Note Term Approximately 3 years
• $8.125 — 9.75% per annum Contingent Coupon $8.125 Contingent coupons on the Notes are n

Filing Documents

• ubs_424b2-12408.htm (424B2) — 311KB
• ex-filingfees.htm (EX-FILING FEES) — 8KB
• image1.jpg (GRAPHIC) — 12KB
• image2.jpg (GRAPHIC) — 50KB
• arrow.jpg (GRAPHIC) — 8KB
• 0001839882-26-019468.txt ( ) — 504KB
• ex-filingfees_htm.xml (XML) — 2KB

From the Filing

PRICING SUPPLEMENT Dated April 6, 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 $1,132,000 Trigger Callable Contingent Yield Notes Linked to the S&P 500 Index due April 11, 2029 Investment Description UBS AG Trigger Callable Contingent Yield Notes (the "Notes") are unsubordinated, unsecured debt obligations issued by UBS AG ("UBS" or the "issuer") linked to the S&P 500 Index (the "underlying asset"). UBS will pay a contingent coupon on a coupon payment date if the closing level of the underlying asset is equal to or greater than the coupon barrier on the related observation date (including the final valuation date). Otherwise, if the closing level of the underlying asset is less than the coupon barrier on the applicable observation date, no contingent coupon will be paid for the related coupon payment date. UBS may elect to call the Notes in whole, but not in part (an "issuer call"), regardless of the closing level of the underlying asset, on any observation date (beginning after 3 months) other than the final valuation date. If UBS elects to call the Notes prior to maturity, 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 UBS does not elect to call the Notes and the closing level of the underlying asset on the final valuation date (the "final level") is equal to or greater than the downside threshold, at maturity, UBS will pay you a cash payment per Note equal to the principal amount. If, however, UBS does not elect to call the Notes and the final level is less than the 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 underlying asset from the initial level to the final level (the "underlying return") 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 UBS does not elect to call the Notes and the final level is less than the downside threshold. You may not receive any contingent coupons during the term of the Notes. UBS may elect to call the Notes prior to maturity at its discretion regardless of the performance of the 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 a coupon payment date if the closing level of the underlying asset is equal to or greater than the coupon barrier on the applicable observation date (including the final valuation date). Otherwise, if the closing level of the underlying asset is less than the coupon barrier on the applicable observation date, no contingent coupon will be paid for the related coupon payment date. Issuer Callable — UBS may elect to call the Notes in whole, but not in part, regardless of the closing level of the underlying asset, on any observation date (beginning after 3 months) other than the final valuation date. If UBS elects to call the Notes prior to maturity, UBS will pay you on 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. Before UBS elects to call the Notes, UBS will deliver written notice to the trustee. Contingent Repayment of Principal Amount at Maturity with Potential for Full Downside Market Exposure — If UBS does not elect to call the Notes and the final level is equal to or greater than the downside threshold, at maturity, UBS will pay you a cash payment per Note equal to the principal amount. If, however, UBS does not elect to call the Notes and the final level is less than the 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 underlying return and, in extreme situations, you could lose all of your initial investment. The contingent repayment of principal applies only if you hold the Notes until the maturity date. Any payment on the Notes, including any repayment of principal, is