0001610520-20-000094.txt : 20201020 0001610520-20-000094.hdr.sgml : 20201020 20201020061701 ACCESSION NUMBER: 0001610520-20-000094 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20200930 FILED AS OF DATE: 20201020 DATE AS OF CHANGE: 20201020 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: 201247289 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: 201247288 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 ubsgroupag.ci.info6k

 

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 20, 2020

 

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 3Q20 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 2020

 

 

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 systemically relevant bank (SRB) framework as of 30 September 2020.

Information on the Swiss SRB capital framework and on Swiss SRB going and gone concern requirements that were phased in until the end of 2019 is provided in the “Capital management” section of our Annual Report 2019, which is available under “Annual reporting” at www.ubs.com/investors.   

Information on the new capital requirements effective from 1 January 2020 is provided in the “Capital management” section of our first quarter 2020 report, which is available under “Quarterly reporting” at www.ubs.com/investors. 

  

1 

 

Capital instruments and TLAC-eligible senior unsecured debt as of 30 September 20201

USD million, except where indicated

 

 

 

Swiss SRB

 

 

 

 

 

 

 

Going concern

Gone concern2

 

 

No.

Issuer

ISIN

Issue date

Outstanding amount as of 30.9.20

Amount recognized

in regulatory capital

as of 30.9.20

Amount eligible for

the gone concern requirement

as of 30.9.20

Maturity date

First optional call date

Additional tier 1 capital

 

 

 

 

 

 

 

1

UBS Group AG, Switzerland, or employing subsidiaries3

 

31.12.15

USD 452

452

 

Perpetual

01.03.21

2

UBS Group AG

CH0317921697

21.03.16

USD 1,500

1,509

 

Perpetual

22.03.21

3

UBS Group AG

CH0331455318

10.08.16

USD 1,100

1,108

 

Perpetual

10.08.21

4

UBS Group AG, Switzerland, or employing subsidiaries3

 

31.12.16

USD 357

357

 

Perpetual

01.03.22

5

UBS Group AG

CH0400441280

31.01.18

USD 2,000

2,099

 

Perpetual

31.01.23

6

UBS Group AG, Switzerland, or employing subsidiaries3

 

31.12.17

USD 354

354

 

Perpetual

01.03.23

7

UBS Group AG

CH0447353704

28.11.18

SGD 700

543

 

Perpetual

28.11.23

8

UBS Group AG

144A: US90352JAF03

RegS: USH4209UAT37

31.01.19

USD 2,500

2,690

 

Perpetual

31.01.24

9

UBS Group AG, Switzerland, or employing subsidiaries3

 

31.12.18

USD 386

386

 

Perpetual

01.03.24

10

UBS Group AG

CH0488506673

27.08.19

AUD 700

512

 

Perpetual

27.08.24

11

UBS Group AG

CH0495570928

04.09.19

SGD 750

572

 

Perpetual

04.09.24

12

UBS Group AG, Switzerland, or employing subsidiaries3

 

21.02.20

USD 313

313

 

Perpetual

01.03.25

13

UBS Group AG

CH0286864027

07.08.15

USD 1,575

1,721

 

Perpetual

07.08.25

14

UBS Group AG

CH0506668869

13.11.19

CHF 275

298

 

Perpetual

13.11.25

15

UBS Group AG

CH0558521263

29.07.20

USD 750

746

 

Perpetual

29.07.26

Total high-trigger loss-absorbing additional tier 1 capital

 

 

 

13,661

 

 

 

1

UBS Group AG

CH0271428309

19.02.15

EUR 1,000

1,189

 

Perpetual

19.02.22

2

UBS Group AG

CH0271428333

19.02.15

USD 1,250

1,349

 

Perpetual

19.02.25

Total low-trigger loss-absorbing additional tier 1 capital4

 

 

 

2,538

 

 

 

Total additional tier 1 capital

 

 

 

16,198

 

 

 

 

 

 

 

 

 

 

 

 

Tier 2 capital

 

 

 

 

 

 

 

1

UBS AG, Stamford branch

US90261AAB89

17.08.12

USD 2,000

 

2,060

17.08.22

 

2

UBS AG

CH0244100266

15.05.14

USD 2,500

 

2,713

15.05.24

 

3

UBS AG

CH0236733827

13.02.14

EUR 2,000

 

2,365

12.02.26

12.02.21

Total low-trigger loss-absorbing tier 2 capital

 

 

 

 

7,138

 

 

1

UBS AG, Stamford branch

US870836AC77

21.07.95

USD 251

 

252

15.07.25

 

2

UBS AG, Jersey branch

XS0062270581

18.12.95

GBP 61

 

79

18.12.25

 

3

UBS AG, Stamford branch

US870845AC84

03.09.96

USD 218

 

206

01.09.26

 

Total non-Basel III-compliant tier 2 capital5

 

 

 

 

537

 

 

Total tier 2 capital

 

 

 

 

7,675

 

 

 

2 

 

Capital instruments and TLAC-eligible senior unsecured debt as of 30 September 20201

USD million, except where indicated

 

 

 

Swiss SRB

 

 

 

 

 

 

 

Going concern

Gone concern2

 

 

No.

Issuer

ISIN

Issue date

Outstanding amount as of 30.9.20

Amount recognized

in regulatory capital

as of 30.9.20

Amount eligible for

the gone concern requirement

as of 30.9.20

Maturity date

First optional call date

TLAC-eligible senior unsecured debt

 

 

 

 

 

 

 

1

UBS Group AG

144A: US90351DAE76

RegS: USG91703AJ00

05.04.16

USD 1,000

 

 

14.04.21

 

2

UBS Group AG

144A: US90351DAD93

RegS: USG91703AH44

05.04.16

USD 2,000

 

 

15.04.21

 

3

UBS Group AG

144A: US90351DAG25

RegS: USG91703AL55

10.08.16

USD 500

 

497

01.02.22

 

4

UBS Group AG

144A: US90351DAH08

RegS: USG91703AM39

10.08.16

USD 2,000

 

2,016

01.02.22

 

5

UBS Group AG

CH0310451841

22.02.16

CHF 300

 

326

22.02.22

 

6

UBS Group AG

CH0359915425

20.03.17

EUR 1,750

 

2,040

20.09.22

20.09.21

7

UBS Group AG

CH0302790123

16.11.15

EUR 1,250

 

1,497

16.11.22

 

8

UBS Group AG

144A: US90352JAA16

RegS: USH4209UAA46

23.03.17

USD 2,000

 

2,054

23.05.23

23.05.22

9

UBS Group AG

144A: US90352JAB98

RegS: USH4209UAB29

23.03.17

USD 1,000

 

1,002

23.05.23

23.05.22

10

UBS Group AG

144A: US90352JAE38

RegS: USH4209UAG16

15.08.17

USD 2,000

 

2,060

15.08.23

15.08.22

11

UBS Group AG

144A: US90352JAD54

RegS: USH4209UAF33

15.08.17

USD 1,250

 

1,249

15.08.23

15.08.22

12

UBS Group AG

CH0314209351

04.03.16

EUR 750

 

903

04.03.24

 

13

UBS Group AG

CH0365501516

18.05.17

CHF 400

 

441

18.05.24

18.05.23

14

UBS Group AG

CH0445624981

09.11.18

JPY 130,000

 

1,239

08.11.24

08.11.23

15

UBS Group AG

CH0341440334

30.11.16

EUR 1,250

 

1,500

30.11.24

30.11.23

16

UBS Group AG

CH0459297435

30.01.19

CHF 400

 

442

30.01.25

30.01.24

17

UBS Group AG

CH0409606354

17.04.18

EUR 1,750

 

2,121

17.04.25

17.04.24

18

UBS Group AG

144A: US90351DAB38

RegS: USG91703AB73

24.09.15

USD 2,500

 

2,726

24.09.25

 

19

UBS Group AG

CH0520042489

29.01.20

EUR 1,500

 

1,767

29.01.26

29.01.25

20

UBS Group AG

CH0310451858

22.02.16

CHF 150

 

168

23.02.26

 

21

UBS Group AG

144A: US90351DAF42

RegS: USG91703AK72

05.04.16

USD 2,000

 

2,139

15.04.26

 

22

UBS Group AG

CH0336602930

01.09.16

EUR 1,250

 

1,509

01.09.26

01.06.26

 

3 

 

Capital instruments and TLAC-eligible senior unsecured debt as of 30 September 20201

USD million, except where indicated

 

 

 

Swiss SRB

 

 

 

 

 

 

 

Going concern

Gone concern2

 

 

No.

Issuer

ISIN

Issue date

Outstanding amount as of 30.9.20

Amount recognized

in regulatory capital

as of 30.9.20

Amount eligible for

the gone concern requirement

as of 30.9.20

Maturity date

First optional call date

23

UBS Group AG

144A: US90352JAC71

RegS: USH4209UAC02

23.03.17

USD 2,000

 

2,255

23.03.28

23.03.27

24

UBS Group AG

CH0445624999

09.11.18

JPY 20,000

 

194

09.11.28

09.11.27

25

UBS Group AG

144A: US902613AA61

RegS: USH42097AZ05

13.08.19

USD 1,500

 

1,630

13.08.30

13.08.29

26

UBS Group AG

CH0508236566

18.11.19

AUD 100

 

78 7

18.11.34

18.11.20

27

UBS Group AG

CH0506668844

04.11.19

USD 144.86

 

155 7

04.11.49

04.11.22

28

UBS Group AG

CH0521617321

04.03.20

USD 122.56

 

134 7

04.03.50

04.03.25

29

UBS Group AG

CH0535271214

14.04.20

USD 203.76

 

198 7

14.04.50

14.04.25

30

UBS Group AG

CH0547243250

22.05.20

USD 101.26

 

96 7

22.05.50

22.05.25

31

UBS Group AG

CH0543827189

27.05.20

USD 506.06

 

486 7

27.05.50

27.05.25

32

UBS Group AG

144A: US902613AB45

RegS: USH42097BS52

30.07.20

USD 1,300

 

1,299

30.07.24

30.07.23

33

UBS Group AG

144A: US902613AC28

RegS: USH42097BT36

30.07.20

USD 1,300

 

1,285

30.01.27

30.01.26

34

UBS Group AG

CH0558521271

18.08.20

AUD 36.16

 

25 7

18.08.35

18.08.30

35

UBS Group AG

CH0561923860

22.09.20

USD 55.06

 

54 7

22.09.50

22.09.23

Total TLAC-eligible senior unsecured debt

 

 

 

 

35,587

 

 

1 Refer to “Capital and total loss-absorbing capacity instruments” under “Bondholder information” at www.ubs.com/investors for more information about the key features and the terms and conditions of the capital instruments included in the table above. Instruments are listed according to their maturity and optional call date, if applicable.    2 According to the eligibility criteria as per the Capital Adequacy Ordinance applicable as of 1 January 2020, instruments available to meet gone concern requirements remain eligible until one year before maturity without a haircut of 50% in the last year of eligibility.    3 Relates to deferred contingent capital plan (DCCP) awards.    4 Includes outstanding low-trigger loss-absorbing additional tier 1 (AT1) capital instruments, which are available under the Swiss SRB framework to meet the going concern requirements until their first call date. As of their first call date, these instruments are eligible to meet the gone concern requirements.    5 Non-Basel III-compliant tier 2 capital instruments qualify as gone concern instruments.    6 Information corresponds to the amortized face amount as of 30 September 2020, and therefore includes the applicable accrual yield.    7 The eligible amounts presented are adjusted for own credit related gains / losses.

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 2020 report and its Annual Report 2019 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 and percent changes are calculated on the basis of unrounded figures. Information about absolute changes between reporting periods, which is provided in text and which 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 20, 2020