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 22, 2019

 

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 3Q19 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 2019

 

 

 

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 2019.

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 2018, available under “Annual reporting” at www.ubs.com/investors. 

 

 

 

 

 

 

 

 

 

 

 

  

1 

 

Capital instruments and TLAC-eligible senior unsecured debt as of 30 September 20191

millions, except where indicated

 

 

 

Swiss SRB, incl. transitional arrangements

Swiss SRB as of 1.1.20

 

 

 

 

 

 

 

Going concern

Gone concern2

Going concern

Gone concern2

 

 

No.

Issuer

ISIN

Issue date

Outstanding amount as of 30.9.19

Amount recognized

in regulatory capital

as of 30.9.19

Amount eligible for

the gone concern requirement

as of 30.9.19

Amount recognized

in regulatory capital

as of 30.9.19

Amount eligible for

the gone concern requirement

as of 30.9.19

Maturity date

Optional call date

Additional tier 1 capital

 

 

 

 

 

 

 

 

 

1

UBS Group Funding (Switzerland) AG3

CH0271428317

19.02.15

USD 1,250

1,248

 

1,248

 

Perpetual

19.02.20

2

UBS Group AG, Switzerland, or employing subsidiaries4

 

31.12.14

USD 410

410

 

410

 

Perpetual

01.03.20

3

UBS Group AG, Switzerland, or employing subsidiaries4

 

31.12.15

USD 451

451

 

451

 

Perpetual

01.03.21

4

UBS Group Funding (Switzerland) AG3

CH0317921697

21.03.16

USD 1,500

1,492

 

1,492

 

Perpetual

22.03.21

5

UBS Group Funding (Switzerland) AG3

CH0331455318

10.08.16

USD 1,100

1,088

 

1,088

 

Perpetual

10.08.21

6

UBS Group AG, Switzerland, or employing subsidiaries4

 

31.12.16

USD 359

359

 

359

 

Perpetual

01.03.22

7

UBS Group Funding (Switzerland) AG3

CH0400441280

31.01.18

USD 2,000

2,055

 

2,055

 

Perpetual

31.01.23

8

UBS Group AG, Switzerland, or employing subsidiaries4

 

31.12.17

USD 357

357

 

357

 

Perpetual

01.03.23

9

UBS Group Funding (Switzerland) AG3

CH0447353704

28.11.18

SGD 700

519

 

519

 

Perpetual

28.11.23

10

UBS Group Funding (Switzerland) AG3

144A: US90352JAF03

RegS: USH4209UAT37

31.01.19

USD 2,500

2,609

 

2,609

 

Perpetual

31.01.24

11

UBS Group AG, Switzerland, or employing subsidiaries4

 

31.12.18

USD 391

391

 

391

 

Perpetual

01.03.24

12

UBS Group AG

CH0488506673

27.08.19

AUD 700

467

 

467

 

Perpetual

27.08.24

13

UBS Group AG

CH0495570928

04.09.19

SGD 750

538

 

538

 

Perpetual

04.09.24

14

UBS Group Funding (Switzerland) AG3

CH0286864027

07.08.15

USD 1,575

1,642

 

1,642

 

Perpetual

07.08.25

Total high-trigger loss-absorbing additional tier 1 capital

 

 

 

13,625

 

13,625

 

 

 

1

UBS Group Funding (Switzerland) AG3

CH0271428309

19.02.15

EUR 1,000

1,115

 

1,115

 

Perpetual

19.02.22

2

UBS Group Funding (Switzerland) AG3

CH0271428333

19.02.15

USD 1,250

1,289

 

1,289

 

Perpetual

19.02.25

Total low-trigger loss-absorbing additional tier 1 capital5

 

 

 

2,404

 

2,404

 

 

 

Total additional tier 1 capital

 

 

 

16,029

 

16,029

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tier 2 capital

 

 

 

 

 

 

 

 

 

1

UBS AG, Stamford branch

US90261AAB89

17.08.12

USD 2,000

805

1,208

 

2,014

17.08.22

 

2

UBS AG

CH0244100266

15.05.14

USD 2,500

2,098

524

 

2,622

15.05.24

 

3

UBS AG

CH0236733827

13.02.14

EUR 2,000

2,237

 

 

2,237

12.02.26

12.02.21

Total low-trigger loss-absorbing tier 2 capital6

 

 

 

5,140

1,733

 

6,873

 

 

1

UBS AG, Jersey branch8

XS0331313055

19.11.07

GBP 130

 

 

 

 

19.11.19

19.11.19

2

UBS AG, New York branch

US870836AC77

21.07.95

USD 251

 

252

 

252

15.07.25

 

3

UBS AG, Jersey branch

XS0062270581

18.12.95

GBP 61

 

75

 

75

18.12.25

 

4

UBS AG, New York branch

US870845AC84

03.09.96

USD 218

 

207

 

207

01.09.26

 

Total non-Basel III-compliant tier 2 capital7

 

 

 

 

534

 

534

 

 

Total tier 2 capital

 

 

 

5,140

2,267

 

7,407

 

 

 

2 

 

Capital instruments and TLAC-eligible senior unsecured debt as of 30 September 20191

millions, except where indicated

 

 

 

Swiss SRB, incl. transitional arrangements

Swiss SRB as of 1.1.20

 

 

 

 

 

 

 

Going concern

Gone concern2

Going concern

Gone concern2

 

 

No.

Issuer

ISIN

Issue date

Outstanding amount as of 30.9.19

Amount recognized

in regulatory capital

as of 30.9.19

Amount eligible for

the gone concern requirement

as of 30.9.19

Amount recognized

in regulatory capital

as of 30.9.19

Amount eligible for

the gone concern requirement

as of 30.9.19

Maturity date

Optional call date

TLAC-eligible senior unsecured debt

 

 

 

 

 

 

 

 

 

1

UBS Group Funding (Switzerland) AG3

144A: US90351DAA54

RegS: USG91703AA90

24.09.15

USD 1,500

 

 

 

 

24.09.20

 

2

UBS Group Funding (Switzerland) AG3

144A: US90351DAC11

RegS: USG91703AC56

24.09.15

USD 300

 

 

 

 

24.09.20

 

3

UBS Group Funding (Switzerland) AG3

144A: US90351DAE76

RegS: USG91703AJ00

05.04.16

USD 1,000

 

498

 

498

14.04.21

 

4

UBS Group Funding (Switzerland) AG3

144A: US90351DAD93

RegS: USG91703AH44

05.04.16

USD 2,000

 

979

 

979

15.04.21

 

5

UBS Group Funding (Switzerland) AG3

144A: US90351DAG25

RegS: USG91703AL55

10.08.16

USD 500

 

474

 

474

01.02.22

 

6

UBS Group Funding (Switzerland) AG3

144A: US90351DAH08

RegS: USG91703AM39

10.08.16

USD 2,000

 

1,968

 

1,968

01.02.22

 

7

UBS Group Funding (Switzerland) AG3

CH0310451841

22.02.16

CHF 300

 

304

 

304

22.02.22

 

8

UBS Group Funding (Switzerland) AG3

CH0359915425

20.03.17

EUR 1,750

 

1,896

 

1,896

20.09.22

20.09.21

9

UBS Group Funding (Switzerland) AG3

CH0302790123

16.11.15

EUR 1,250

 

1,403

 

1,403

16.11.22

 

10

UBS Group Funding (Switzerland) AG3

144A: US90352JAA16

RegS: USH4209UAA46

23.03.17

USD 2,000

 

2,023

 

2,023

23.05.23

23.05.22

11

UBS Group Funding (Switzerland) AG3

144A: US90352JAB98

RegS: USH4209UAB29

23.03.17

USD 1,000

 

1,002

 

1,002

23.05.23

23.05.22

12

UBS Group Funding (Switzerland) AG3

144A: US90352JAE38

RegS: USH4209UAG16

15.08.17

USD 2,000

 

2,006

 

2,006

15.08.23

15.08.22

13

UBS Group Funding (Switzerland) AG3

144A: US90352JAD54

RegS: USH4209UAF33

15.08.17

USD 1,250

 

1,246

 

1,246

15.08.23

15.08.22

14

UBS Group Funding (Switzerland) AG3

CH0314209351

04.03.16

EUR 750

 

842

 

842

04.03.24

 

15

UBS Group Funding (Switzerland) AG3

CH0365501516

18.05.17

CHF 400

 

410

 

410

18.05.24

18.05.23

16

UBS Group Funding (Switzerland) AG3

CH0445624981

09.11.18

JPY 130,000

 

1,215

 

1,215

08.11.24

08.11.23

17

UBS Group Funding (Switzerland) AG3

CH0341440334

30.11.16

EUR 1,250

 

1,403

 

1,403

30.11.24

30.11.23

18

UBS Group Funding (Switzerland) AG3

CH0459297435

30.01.19

CHF 400

 

409

 

409

30.01.25

30.01.24

19

UBS Group Funding (Switzerland) AG3

CH0409606354

17.04.18

EUR 1,750

 

1,986

 

1,986

17.04.25

17.04.24

20

UBS Group Funding (Switzerland) AG3

144A: US90351DAB38

RegS: USG91703AB73

24.09.15

USD 2,500

 

2,596

 

2,596

24.09.25

 

21

UBS Group Funding (Switzerland) AG3

CH0310451858

22.02.16

CHF 150

 

156

 

156

23.02.26

 

22

UBS Group Funding (Switzerland) AG3

144A: US90351DAF42

RegS: USG91703AK72

05.04.16

USD 2,000

 

2,022

 

2,022

15.04.26

 

23

UBS Group Funding (Switzerland) AG3

CH0336602930

01.09.16

EUR 1,250

 

1,408

 

1,408

01.09.26

01.06.26

24

UBS Group Funding (Switzerland) AG3

144A: US90352JAC71

RegS: USH4209UAC02

23.03.17

USD 2,000

 

2,127

 

2,127

23.03.28

23.03.27

 

3 

 

Capital instruments and TLAC-eligible senior unsecured debt as of 30 September 20191

millions, except where indicated

 

 

 

Swiss SRB, incl. transitional arrangements

Swiss SRB as of 1.1.20

 

 

 

 

 

 

 

Going concern

Gone concern2

Going concern

Gone concern2

 

 

No.

Issuer

ISIN

Issue date

Outstanding amount as of 30.9.19

Amount recognized

in regulatory capital

as of 30.9.19

Amount eligible for

the gone concern requirement

as of 30.9.19

Amount recognized

in regulatory capital

as of 30.9.19

Amount eligible for

the gone concern requirement

as of 30.9.19

Maturity date

Optional call date

25

UBS Group Funding (Switzerland) AG3

CH0445624999

09.11.18

JPY 20,000

 

190

 

190

09.11.28

09.11.27

26

UBS Group AG

144A: US902613AA61

RegS: USH42097AZ05

13.08.19

USD 1,500

 

1,507

 

1,507

13.08.30

13.08.29

Total TLAC-eligible senior unsecured debt

 

 

 

 

30,069

 

30,069

 

 

1 Refer to “Capital and total loss-absorbing capacity 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. 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 The instruments issued by UBS Group Funding (Switzerland) AG (including the instruments originally issued by UBS Group AG, Switzerland and transferred in May 2018 to UBS Group Funding (Switzerland) AG) as well as the TLAC issued by UBS Group Funding (Switzerland) AG were transferred to UBS Group AG as issuer on 11 October 2019.    4 Relates to deferred contingent capital plan (DCCP) awards. DCCP instruments qualifying as tier 2 capital are eligible for regulatory capital purposes until 31 December of the year prior to maturity.    5 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.    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.    7 Non-Basel III-compliant tier 2 capital instruments qualify as gone concern instruments.    8 This instrument was called at its optional call date, and is therefore no longer eligible as capital instrument given the residual tenure is less than two years.

4 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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 2019 report and its Annual Report 2018 for additional information. These reports are available at www.ubs.com/investors.

 

Rounding | Numbers presented throughout this report may not add up precisely to the totals provided in the tables and text. Percentages, percent changes, and adjusted results are calculated on the basis of unrounded figures. Information about absolute changes between reporting periods, which is provided in text and that can be derived from figures displayed in the tables, is calculated on a rounded basis.

 

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.

5 

 

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/ Ella Campi                    _____ 

Name:  Ella Campi

Title:    Executive Director

 

 

 

 

UBS AG

 

 

 

By: _/s/ David Kelly_____________

Name:  David Kelly

Title:    Managing Director

 

 

By: _/s/ Ella Campi                    _____ 

Name:  Ella Campi

Title:    Executive Director

 

 

 

Date:  October 22, 2019