0001610520-17-000055.txt : 20171027 0001610520-17-000055.hdr.sgml : 20171027 20171027075337 ACCESSION NUMBER: 0001610520-17-000055 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20170930 FILED AS OF DATE: 20171027 DATE AS OF CHANGE: 20171027 FILER: COMPANY DATA: COMPANY CONFORMED NAME: UBS Group AG CENTRAL INDEX KEY: 0001610520 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 000000000 STATE OF INCORPORATION: V8 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-36764 FILM NUMBER: 171157973 BUSINESS ADDRESS: STREET 1: BAHNHOFSTRASSE 45 CITY: ZURICH STATE: V8 ZIP: CH-8001 BUSINESS PHONE: 41-44-234-1111 MAIL ADDRESS: STREET 1: BAHNHOFSTRASSE 45 CITY: ZURICH STATE: V8 ZIP: CH-8001 FILER: COMPANY DATA: COMPANY CONFORMED NAME: UBS AG CENTRAL INDEX KEY: 0001114446 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 000000000 STATE OF INCORPORATION: V8 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-15060 FILM NUMBER: 171157974 BUSINESS ADDRESS: STREET 1: BAHNHOFSTRASSE 45 STREET 2: P O BOX CH 8001 CITY: ZURICH STATE: V8 ZIP: CH 8001 BUSINESS PHONE: 203-719-5241 MAIL ADDRESS: STREET 1: 600 WASHINGTON BLVD. CITY: STAMFORD STATE: CT ZIP: 06901 6-K 1 6k.ubsgroupag.ci.info.htm 6k.ubsgroupag.ci.info

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

_________________

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

 

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER

THE SECURITIES EXCHANGE ACT OF 1934

 

Date: October 27, 2017

 

UBS Group AG

Commission File Number: 1-36764

UBS AG

Commission File Number: 1-15060

(Registrants' Names)

 

Bahnhofstrasse 45, Zurich, Switzerland, and

Aeschenvorstadt 1, Basel, Switzerland

(Address of principal executive offices)

 

Indicate by check mark whether the registrants file or will file annual reports under cover of Form 20‑F or Form 40-F.

 

Form 20-F  x                        Form 40-F  o 

 

 

This Form 6-K consists of the 3Q17 UBS Group AG consolidated capital instruments and TLAC-eligible senior unsecured debt information, published today by the registrants, which appears immediately following this page.

 

 

UBS Group AG consolidated capital instruments and TLAC-eligible senior unsecured debt

Third quarter 2017

 

 

This document provides information about the treatment of capital instruments and other instruments contributing to the total loss-absorbing capacity (TLAC) of UBS Group AG consolidated under the Swiss SRB framework as of 30 September 2017.

Information on the Swiss SRB capital framework and on Swiss SRB going and gone concern requirements that are being phased in until the end of 2019 is provided in the “Capital management” section of our Annual Report 2016, available under “Annual reporting” at www.ubs.com/investors  and in the “Capital management” section of our UBS Group third quarter 2017 report, available under “Quarterly reporting” at www.ubs.com/investors. 

 

 

 

 

 

 

 

 

 

 

 

 

  

1 

 

Capital instruments and TLAC-eligible senior unsecured debt¹

 

 

 

 

 

 

CHF million, except where indicated

 

 

 

Swiss SRB, incl. transitional arrangements

(phase-in)

Swiss SRB as of 1.1.20 (fully applied)

 

 

 

 

 

 

 

Going concern

Gone concern²

Going concern

Gone concern²

 

 

No.

Issuer

ISIN

Issue date

Outstanding amount as of 30.9.17

Amount recognized

in regulatory capital

as of 30.9.17

Amount eligible for

the gone concern requirement

as of 30.9.17

Amount recognized

in regulatory capital

as of 30.9.17

Amount eligible for

the gone concern requirement

as of 30.9.17

Maturity date

Optional call date

Additional tier 1 capital

 

 

 

 

 

 

 

 

 

1

UBS Group AG, Switzerland

CH0271428317

19.02.15

USD 1,250

1,202

 

1,202

 

Perpetual

19.02.20

2

UBS Group AG, Switzerland, or employing subsidiaries³

 

31.12.14

CHF 436

436

 

436

 

Perpetual

01.03.20

3

UBS Group AG, Switzerland, or employing subsidiaries³

 

31.12.15

CHF 481

481

 

481

 

Perpetual

01.03.21

4

UBS Group AG, Switzerland

CH0317921697

21.03.16

USD 1,500

1,426

 

1,426

 

Perpetual

22.03.21

5

UBS Group AG, Switzerland

CH0331455318

10.08.16

USD 1,100

1,031

 

1,031

 

Perpetual

10.08.21

6

UBS Group AG, Switzerland, or employing subsidiaries³

 

31.12.16

CHF 399

399

 

399

 

Perpetual

01.03.22

7

UBS Group AG, Switzerland

CH0286864027

07.08.15

USD 1,575

1,530

 

1,530

 

Perpetual

07.08.25

Total high-trigger loss-absorbing additional tier 1 capital

 

 

 

6,506

 

6,506

 

 

 

1

UBS Group AG, Switzerland

CH0271428309

19.02.15

EUR 1,000

1,157

 

1,157

 

Perpetual

19.02.22

2

UBS Group AG, Switzerland

CH0271428333

19.02.15

USD 1,250

1,209

 

1,209

 

Perpetual

19.02.25

Total low-trigger loss-absorbing additional tier 1 capital⁴

 

 

 

2,366

 

2,366

 

 

 

Total additional tier 1 capital

 

 

 

8,872

 

8,872

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-Basel III-compliant tier 1 capital⁵

 

 

 

 

 

 

 

 

 

1

UBS Capital Securities (Jersey) Ltd

XS0336744650

21.12.07

EUR 600

 

687

 

687

Perpetual

21.12.17

Total non-Basel III-compliant tier 1 capital

 

 

 

 

687

 

687

 

 

 

 

 

 

 

 

 

 

 

 

 

Tier 2 capital

 

 

 

 

 

 

 

 

 

1

UBS Group AG, Switzerland, or employing subsidiaries³

 

31.12.12

CHF 403

403

 

 

0

01.03.18

 

2

UBS Group AG, Switzerland, or employing subsidiaries³

 

31.12.13

CHF 442

442

 

 

221

01.03.19

 

Total high-trigger loss-absorbing tier 2 capital⁶

 

 

 

846

 

 

221

 

 

1

UBS AG, Switzerland, Stamford branch

US90261AAB89

17.08.12

USD 2,000

1,520

380

 

1,900

17.08.22

 

2

UBS AG, Switzerland

CH0214139930

22.05.13

USD 1,500

1,446

 

 

1,446

22.05.23

22.05.18

3

UBS AG, Switzerland

CH0244100266

15.05.14

USD 2,500

2,493

 

 

2,493

15.05.24

 

4

UBS AG, Switzerland

CH0236733827

13.02.14

EUR 2,000

2,386

 

 

2,386

12.02.26

12.02.21

Total low-trigger loss-absorbing tier 2 capital⁶

 

 

 

7,844

380

 

8,224

 

 

1

UBS AG, Switzerland

CH0035789210

27.12.07

CHF 192

 

0

 

0

27.12.17

 

2

UBS AG, Switzerland, Jersey branch

XS0331313055

19.11.07

GBP 130

 

169

 

169

19.11.24

19.11.19

3

UBS AG, Switzerland, New York branch

US870836AC77

21.07.95

USD 251

 

243

 

243

15.07.25

 

4

UBS AG, Switzerland, Jersey branch

XS0062270581

18.12.95

GBP 61

 

79

 

79

18.12.25

 

5

UBS AG, Switzerland, New York branch

US870845AC84

03.09.96

USD 218

 

192

 

192

01.09.26

 

Total non-Basel III-compliant tier 2 capital⁵

 

 

 

 

683

 

683

 

 

Total tier 2 capital

 

 

 

8,689

1,063

 

9,128

 

 

 

2 

 

Capital instruments and TLAC-eligible senior unsecured debt (continued)¹

 

 

 

 

 

 

CHF million, except where indicated

 

 

 

Swiss SRB, incl. transitional arrangements

(phase-in)

Swiss SRB as of 1.1.20 (fully applied)

 

 

 

 

 

 

 

Going concern

Gone concern²

Going concern

Gone concern²

 

 

No.

Issuer

ISIN

Issue date

Outstanding amount as of 30.9.17

Amount recognized

in regulatory capital

as of 30.9.17

Amount eligible for

the gone concern requirement

as of 30.9.17

Amount recognized

in regulatory capital

as of 30.9.17

Amount eligible for

the gone concern requirement

as of 30.9.17

Maturity date

Optional call date

TLAC-eligible senior unsecured debt

 

 

 

 

 

 

 

 

 

1

UBS Group Funding (Switzerland) AG

144A: US90351DAA54

RegS: USG91703AA90

24.09.15

USD 1,500

 

1,436

 

1,436

24.09.20

 

2

UBS Group Funding (Switzerland) AG

144A: US90351DAC11

RegS: USG91703AC56

24.09.15

USD 300

 

291

 

291

24.09.20

 

3

UBS Group Funding (Switzerland) AG

144A: US90351DAE76

RegS: USG91703AJ00

05.04.16

USD 1,000

 

969

 

969

14.04.21

 

4

UBS Group Funding (Switzerland) AG

144A: US90351DAD93

RegS: USG91703AH44

05.04.16

USD 2,000

 

1,897

 

1,897

15.04.21

 

5

UBS Group Funding (Switzerland) AG

144A: US90351DAG25

RegS: USG91703AL55

10.08.16

USD 500

 

476

 

476

01.02.22

 

6

UBS Group Funding (Switzerland) AG

144A: US90351DAH08

RegS: USG91703AM39

10.08.16

USD 2,000

 

1,869

 

1,869

01.02.22

 

7

UBS Group Funding (Switzerland) AG

CH0310451841

22.02.16

CHF 300

 

299

 

299

22.02.22

 

8

UBS Group Funding (Switzerland) AG

CH0359915425

20.03.17

EUR 1,750

 

2,002

 

2,002

20.09.22

20.09.21

9

UBS Group Funding (Switzerland) AG

CH0302790123

16.11.15

EUR 1,250

 

1,448

 

1,448

16.11.22

 

10

UBS Group Funding (Switzerland) AG

144A: US90352JAA16

RegS: USH4209UAA46

23.03.17

USD 2,000

 

1,948

 

1,948

23.05.23

23.05.22

11

UBS Group Funding (Switzerland) AG

144A: US90352JAB98

RegS: USH4209UAB29

23.03.17

USD 1,000

 

914

 

914

23.05.23

23.05.22

12

UBS Group Funding (Switzerland) AG

144A: US90352JAE38

RegS: USH4209UAG16

15.08.17

USD 2,000

 

1,915

 

1,915

15.08.23

15.08.22

13

UBS Group Funding (Switzerland) AG

144A: US90352JAD54

RegS: USH4209UAF33

15.08.17

USD 1,250

 

1,186

 

1,186

15.08.23

15.08.22

14

UBS Group Funding (Switzerland) AG

CH0314209351

04.03.16

EUR 750

 

850

 

850

04.03.24

 

15

UBS Group Funding (Switzerland) AG

CH0365501516

18.05.17

CHF 400

 

401

 

401

18.05.24

18.05.23

16

UBS Group Funding (Switzerland) AG

CH0341440334

30.11.16

EUR 1,250

 

1,419

 

1,419

30.11.24

30.11.23

17

UBS Group Funding (Switzerland) AG

144A: US90351DAB38

RegS: USG91703AB73

24.09.15

USD 2,500

 

2,422

 

2,422

24.09.25

 

18

UBS Group Funding (Switzerland) AG

CH0310451858

22.02.16

CHF 150

 

147

 

147

23.02.26

 

19

UBS Group Funding (Switzerland) AG

144A: US90351DAF42

RegS: USG91703AK72

05.04.16

USD 2,000

 

1,856

 

1,856

15.04.26

 

20

UBS Group Funding (Switzerland) AG

CH0336602930

01.09.16

EUR 1,250

 

1,360

 

1,360

01.09.26

01.06.26

21

UBS Group Funding (Switzerland) AG

144A: US90352JAC71

RegS: USH4209UAC02

23.03.17

USD 2,000

 

1,975

 

1,975

23.03.28

23.03.27

Total TLAC-eligible senior unsecured debt

 

 

 

 

27,081

 

27,081

 

 

1 Refer to "Capital instruments" under "Bondholder information" at www.ubs.com/investors for more information on the key features and the terms and conditions of the capital instruments included in the above table as of 30 September 2017. Instruments are listed according to their maturity or optional call date.    2 Instruments available to meet gone concern requirements are eligible until one year before maturity, with a haircut of 50% applied in the last year of eligibility.    3 Relates to deferred contingent capital plan (DCCP) awards.    4 Outstanding low-trigger loss-absorbing additional tier 1 capital instruments are available under the transitional rules of the Swiss SRB framework to meet the going concern requirements until their first call date, even if the first call date is after 31 December 2019. As of their first call date, these instruments are eligible to meet the gone concern requirements.    5 Non-Basel III-compliant tier 1 and tier 2 capital instruments qualify as gone concern instruments.    6 Outstanding high- and low-trigger loss-absorbing tier 2 capital instruments are available under the transitional rules of the Swiss SRB framework to meet the going concern requirements until the earlier of (i) their maturity or first call date or (ii) 31 December 2019, and to meet gone concern requirements thereafter. Outstanding low-trigger loss-absorbing tier 2 capital instruments are subject to amortization starting five years prior to their maturity, with the amortized portion qualifying as gone concern loss-absorbing capacity.

3 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Notice to investors | This document and the information contained herein are provided solely for information purposes, and are not to be construed as solicitation of an offer to buy or sell any securities or other financial instruments in Switzerland, the United States or any other jurisdiction. No investment decision relating to securities of or relating to UBS Group AG, UBS AG or their affiliates should be made on the basis of this document. Refer to UBS’s third quarter 2017 report and its Annual Report 2016 for additional information. These reports are available at www.ubs.com/investors.

 

Rounding | Numbers presented throughout this document may not add up precisely to the totals provided in the tables and text. Percentages, percent changes and absolute variances are calculated on the basis of rounded figures displayed in the tables and text and may not precisely reflect the percentages, percent changes and absolute variances that would be derived based on figures that are not rounded.

 

Tables | Within tables, blank fields generally indicate that the field is not applicable or not meaningful, or that information is not available as of the relevant date or for the relevant period. Zero values generally indicate that the respective figure is zero on an actual or rounded basis. Percentage changes are presented as a mathematical calculation of the change between periods.

  

4 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this report to be signed on their behalf by the undersigned, thereunto duly authorized.

 

 

 

UBS Group AG

 

 

 

By: _/s/ David Kelly_____________

Name:  David Kelly

Title:    Managing Director

 

 

By: _/s/ Federica Pisacane Rohde___ 

Name:  Federica Pisacane Rohde

Title:    Executive Director

 

 

 

 

UBS AG

 

 

 

By: _/s/ David Kelly_____________

Name:  David Kelly

Title:    Managing Director

 

 

By: _/s/ Federica Pisacane Rohde___

Name:  Federica Pisacane Rohde

Title:    Executive Director

 

 

 

Date:  October 27, 2017