0001610520-23-000075.txt : 20230425 0001610520-23-000075.hdr.sgml : 20230425 20230425064524 ACCESSION NUMBER: 0001610520-23-000075 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230331 FILED AS OF DATE: 20230425 DATE AS OF CHANGE: 20230425 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: 23841629 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: 23841630 BUSINESS ADDRESS: STREET 1: BAHNHOFSTRASSE 45 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 EDGARq23ubsgroupcapit.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: April 25, 2023

 

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 UBS Group AG consolidated capital instruments and TLAC-eligible senior unsecured debt information for the first quarter of 2023, published today by the registrants, which appears immediately following this page.

 

   

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

First quarter of 2023

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 31 March 2023.

Information about the Swiss SRB capital framework and about Swiss SRB going and gone concern requirements is provided in the “Capital, liquidity and funding, and balance sheet” section of our Annual Report 2022, which is available under “Annual reporting” at ubs.com/investors.  

 

 

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

1

 

   

Capital instruments and TLAC-eligible senior unsecured debt as of 31 March 20231

USD m, except where indicated

 

 

 

Swiss SRB

 

 

 

 

 

 

 

Going concern

Gone concern2

 

 

No.

Issuer

ISIN

Issue date

Outstanding amount as of 31.3.23 (m)

Amount recognized

in regulatory capital

as of 31.3.23

Amount eligible for

the gone concern requirement

as of 31.3.23

Maturity date

First optional call date

Additional tier 1 capital

 

 

 

 

 

 

 

1

UBS Group AG

CH0286864027

7.8.15

USD 1,575

 1,509 

 

Perpetual

7.8.25

2

UBS Group AG

CH0447353704

28.11.18

SGD 700

 527 

 

Perpetual

28.11.23

3

UBS Group AG, Switzerland, or employing subsidiaries3

 

31.12.18

USD 345

 345 

 

Perpetual

1.3.24

4

UBS Group AG

144A: US90352JAF03

RegS: USH4209UAT37

31.1.19

USD 2,500

 2,448 

 

Perpetual

31.1.24

5

UBS Group AG

CH0488506673

27.8.19

AUD 700

 449 

 

Perpetual

27.8.24

6

UBS Group AG

CH0495570928

4.9.19

SGD 750

 553 

 

Perpetual

4.9.24

7

UBS Group AG

CH0506668869

13.11.19

CHF 275

 268 

 

Perpetual

13.11.25

8

UBS Group AG, Switzerland, or employing subsidiaries3

 

21.2.20

USD 281

 281 

 

Perpetual

1.3.25

9

UBS Group AG

CH0558521263

29.7.20

USD 750

 663 

 

Perpetual

29.7.26

10

UBS Group AG

144A: US902613AD01

RegS: USH42097CB19

10.2.21

USD 1,500

 1,248 

 

Perpetual

10.2.31

11

UBS Group AG, Switzerland, or employing subsidiaries3

 

21.2.21

USD 394

 394 

 

Perpetual

1.3.26

12

UBS Group AG

144A: US902613AG32

RegS: USH42097CL90

2.6.21

USD 750

 676 

 

Perpetual

2.6.26

13

UBS Group AG

144A: US902613AJ70

RegS: USH42097CS44

12.1.22

USD 1,500

 1,376 

 

Perpetual

12.2.27

14

UBS Group AG

CH1160680174

16.2.22

CHF 265

 284 

 

Perpetual

16.2.27

15

UBS Group AG, Switzerland, or employing subsidiaries3

 

18.2.22

USD 454

 454 

 

Perpetual

1.3.27

16

UBS Group AG, Switzerland, or employing subsidiaries3

 

17.2.23

USD 430

 430 

 

Perpetual

1.3.28

Total high-trigger loss-absorbing additional tier 1 capital

 

 

 

 11,905 

 

 

 

1

UBS Group AG

CH0271428333

19.2.15

USD 1,250

 1,198 

 

Perpetual

19.2.25

Total low-trigger loss-absorbing additional tier 1 capital4

 

 

 

 1,198 

 

 

 

Total additional tier 1 capital

 

 

 

 13,104 

 

 

 

 

 

 

 

 

 

 

 

 

Tier 2 capital

 

 

 

 

 

 

 

1

UBS AG

CH0244100266

15.5.14

USD 2,500

 

 2,438 

15.5.24

 

Total low-trigger loss-absorbing tier 2 capital

 

 

 

 

 2,438 

 

 

1

UBS AG, Stamford branch

US870836AC77

21.7.95

USD 251

 

 253 

15.7.25

 

2

UBS AG, Jersey branch

XS0062270581

18.12.95

GBP 61

 

 76 

18.12.25

 

3

UBS AG, Stamford branch

US870845AC84

3.9.96

USD 218

 

 209 

1.9.26

 

Total non-Basel III-compliant tier 2 capital5

 

 

 

 

 538 

 

 

Total tier 2 capital

 

 

 

 

 2,975 

 

 

 

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

2

 

   

Capital instruments and TLAC-eligible senior unsecured debt as of 31 March 20231

USD m, except where indicated

 

 

 

Swiss SRB

 

 

 

 

 

 

 

Going concern

Gone concern2

 

 

No.

Issuer

ISIN

Issue date

Outstanding amount as of 31.3.23 (m)

Amount recognized

in regulatory capital

as of 31.3.23

Amount eligible for

the gone concern requirement

as of 31.3.23

Maturity date

First optional call date

TLAC-eligible senior unsecured debt

 

 

 

 

 

 

 

1

UBS Group AG

144A: US90351DAB38

RegS: USG91703AB73

24.9.15

USD 2,500

 

 2,390 

24.9.25

 

2

UBS Group AG

CH0310451858

22.2.16

CHF 150

 

 155 

23.2.26

 

3

UBS Group AG

CH0314209351

4.3.16

EUR 750

 

 0 

4.3.24

 

4

UBS Group AG

144A: US90351DAF42

RegS: USG91703AK72

5.4.16

USD 2,000

 

 1,859 

15.4.26

 

5

UBS Group AG

CH0336602930

1.9.16

EUR 1,250

 

 1,233 

1.9.26

1.6.26

6

UBS Group AG

CH0341440334

30.11.16

EUR 1,250

 

 1,328 

30.11.24

30.11.23

7

UBS Group AG

144A: US90352JAC71

RegS: USH4209UAC02

23.3.17

USD 2,000

 

 1,906 

23.3.28

23.3.27

8

UBS Group AG

CH0365501516

18.5.17

CHF 400

 

 408 

18.5.24

18.5.23

9

UBS Group AG

CH0409606354

17.4.18

EUR 1,750

 

 1,840 

17.4.25

17.4.24

10

UBS Group AG

CH0445624999

9.11.18

JPY 20,000

 

 150 

9.11.28

9.11.27

11

UBS Group AG

CH0445624981

9.11.18

JPY 130,000

 

 979 

8.11.24

8.11.23

12

UBS Group AG

CH0459297435

30.1.19

CHF 400

 

 419 

30.1.25

30.1.24

13

UBS Group AG

144A: US902613AA61

RegS: USH42097AZ05

13.8.19

USD 1,500

 

 1,336 

13.8.30

13.8.29

14

UBS Group AG

CH0506668844

4.11.19

USD 158.96

 

 1177

4.11.49

4.11.22

15

UBS Group AG

CH0520042489

29.1.20

EUR 1,500

 

 1,521 

29.1.26

29.1.25

16

UBS Group AG

CH0521617321

4.3.20

USD 133.86

 

 997

4.3.50

4.3.25

17

UBS Group AG

CH0535271214

14.4.20

USD 224.66

 

 1407

14.4.50

14.4.25

18

UBS Group AG

CH0547243250

22.5.20

USD 110.36

 

 667

22.5.50

22.5.25

19

UBS Group AG

CH0543827189

27.5.20

USD 551.46

 

 3357

27.5.50

27.5.25

20

UBS Group AG

144A: US902613AB45

RegS: USH42097BS52

30.7.20

USD 1,300

 

 1,253 

30.7.24

30.7.23

21

UBS Group AG

144A: US902613AC28

RegS: USH42097BT36

30.7.20

USD 1,300

 

 1,158 

30.1.27

30.1.26

22

UBS Group AG

CH0558521271

18.8.20

AUD 38.46

 

 177

18.8.35

18.8.30

23

UBS Group AG

CH0561923860

22.9.20

USD 59.06

 

 377

22.9.50

22.9.23

24

UBS Group AG

CH0576402181

5.11.20

EUR 1,500

 

 1,379 

5.11.28

5.11.27

25

UBS Group AG

CH0579132942

24.11.20

USD 40

 

 307

24.11.35

24.11.23

26

UBS Group AG

CH0581183594

3.12.20

AUD 45

 

 217

3.12.35

3.12.23

27

UBS Group AG

CH0587372951

12.1.21

USD 106.16

 

 717

12.1.51

12.1.26

28

UBS Group AG

CH0588488863

29.1.21

USD 350.36

 

 2417

29.1.51

29.1.26

29

UBS Group AG

144A: US902613AE83

RegS: USH42097CC91

11.2.21

USD 2,000

 

 1,661 

11.2.32

11.2.31

30

UBS Group AG

CH0595205524

24.2.21

EUR 1,000

 

 920 

24.2.28

 

31

UBS Group AG

CH0595205532

24.2.21

EUR 1,250

 

 1,010 

24.2.33

 

32

UBS Group AG

CH0598928718

24.2.21

CHF 360

 

 340 

24.8.29

24.8.28

33

UBS Group AG

US902613AF58

25.2.21

USD 25

 

 207

25.2.36

25.2.24

 

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

3

 

   

Capital instruments and TLAC-eligible senior unsecured debt as of 31 March 20231

USD m, except where indicated

 

 

 

Swiss SRB

 

 

 

 

 

 

 

Going concern

Gone concern2

 

 

No.

Issuer

ISIN

Issue date

Outstanding amount as of 31.3.23 (m)

Amount recognized

in regulatory capital

as of 31.3.23

Amount eligible for

the gone concern requirement

as of 31.3.23

Maturity date

First optional call date

34

UBS Group AG

CH0595205490

26.2.21

USD 180.86

 

 1297

26.2.51

26.2.26

35

UBS Group AG

CH0595205508

26.2.21

AUD 95.86

 

 457

26.2.51

26.2.26

36

UBS Group AG

CH0598928734

4.3.21

USD 40

 

 327

4.3.36

4.3.24

37

UBS Group AG

CH1112455774

26.5.21

USD 282.46

 

 2157

26.5.51

26.5.26

38

UBS Group AG

144A: US902613AH15

RegS: USH42097CM73

10.8.21

USD 2,000

 

 1,784 

10.8.27

10.8.26

39

UBS Group AG

CH1142231682

3.11.21

EUR 1,250

 

 1,237 

3.11.26

3.11.25

40

UBS Group AG

CH1142231690

3.11.21

EUR 1,250

 

 1,071 

3.11.31

 

41

UBS Group AG

CH1142231708

3.11.21

GBP 400

 

 423 

3.11.29

3.11.28

42

UBS Group AG

CH1145096165

9.11.21

CHF 440

 

 477 

9.11.28

9.11.27

43

UBS Group AG

144A: US902613AK44

RegS: USH42097CT27

11.1.22

USD 1,500

 

 1,247 

11.2.33

11.2.32

44

UBS Group AG

144A: US902613AL27

RegS: USH42097CU99

11.1.22

USD 1,500

 

 1,160 

11.2.43

11.2.42

45

UBS Group AG

CH1168499791

21.3.22

EUR 1,500

 

 1,593 

21.3.25

21.3.24

46

UBS Group AG

CH1175016083

25.3.22

AUD 36.66

 

 217

25.3.32

25.3.25

47

UBS Group AG

CH1167887269

29.3.22

USD 83.26

 

 597

29.3.47

29.3.27

48

UBS Group AG

144A: US902613AM00

RegS: USH42097CZ86

12.5.22

USD 1,200

 

 1,162 

12.5.26

12.5.25

49

UBS Group AG

144A: US902613AN82

RegS: USH42097DA27

12.5.22

USD 600

 

 600 

12.5.26

12.5.25

50

UBS Group AG

144A: US902613AP31

RegS: USH42097DB00

12.5.22

USD 1,200

 

 1,165 

12.5.28

12.5.27

51

UBS Group AG

CH1182086871

16.5.22

EUR 45

 

 447

16.5.37

16.5.27

52

UBS Group AG

CH1187520452

18.5.22

AUD 57.86

 

 357

18.5.37

18.5.25

53

UBS Group AG

CH1194000340

15.6.22

EUR 1,000

 

 1,030 

15.6.27

15.6.26

54

UBS Group AG

CH1194000357

15.6.22

EUR 1,000

 

 1,007 

15.6.30

15.6.29

55

UBS Group AG

CH1195555425

22.6.22

EUR 25

 

 247

22.6.42

22.6.29

56

UBS Group AG

144A: US902613AR96

RegS: USH42097DJ36

5.8.22

USD 1,750

 

 1,712 

5.8.25

5.8.24

57

UBS Group AG

144A: US902613AS79

RegS: USH42097DK09

5.8.22

USD 1,750

 

 1,688 

5.8.27

5.8.26

58

UBS Group AG

144A: US902613AT52

RegS: USH42097DL81

5.8.22

USD 1,500

 

 1,398 

5.8.33

5.8.32

59

UBS Group AG

CH1204175116

16.8.22

EUR 30.86

 

 277

16.8.52

16.8.32

60

UBS Group AG

CH1210198151

8.9.22

EUR 37

 

 367

8.9.42

8.9.32

61

UBS Group AG

CH1212189141

15.9.22

EUR 120

 

 1207

15.9.37

15.9.34

62

UBS Group AG

CH1213243889

21.9.22

EUR 30

 

 317

21.9.32

21.9.27

63

UBS Group AG

CH1213243905

28.9.22

JPY 10,000

 

 667

28.9.42

 

64

UBS Group AG

CH1236363391

11.1.23

EUR 1,000

 

 1,056 

11.1.31

11.1.30

65

UBS Group AG

144A: US902613AU26

RegS: USH42097DS35

12.1.23

USD 1,750

 

 1,756 

12.1.27

12.1.26

66

UBS Group AG

144A: US902613AV09

RegS: USH42097DT18

12.1.23

USD 2,250

 

 2,284 

12.1.34

12.1.33

 

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

4

 

   

Capital instruments and TLAC-eligible senior unsecured debt as of 31 March 20231

USD m, except where indicated

 

 

 

Swiss SRB

 

 

 

 

 

 

 

Going concern

Gone concern2

 

 

No.

Issuer

ISIN

Issue date

Outstanding amount as of 31.3.23 (m)

Amount recognized

in regulatory capital

as of 31.3.23

Amount eligible for

the gone concern requirement

as of 31.3.23

Maturity date

First optional call date

67

UBS Group AG

CH1242301294

16.1.23

EUR 42

 

 437

16.1.43

16.1.33

68

UBS Group AG

CH1244731761

9.2.23

AUD 60.56

 

 417

9.2.38

9.2.26

69

UBS Group AG

CH1244731779

15.2.23

EUR 90

 

 947

15.2.38

15.2.33

70

UBS Group AG

CH1244731787

17.2.23

EUR 30.26

 

 307

17.2.43

17.2.33

71

UBS Group AG

CH1255915022

16.3.23

AUD 40

 

 267

16.3.38

16.3.30

72

UBS Group AG

CH1248666922

16.3.23

JPY 10,000

 

 77 

16.3.33

 

73

UBS Group AG

CH1255915006

17.3.23

EUR 1,122.98

 

 010

17.3.28

17.3.27

74

UBS Group AG

CH1255915014

17.3.23

EUR 1,120.59

 

 010

17.3.32

17.3.31

75

UBS Group AG

CH1255915030

17.3.23

AUD 50.16

 

 327

17.3.38

17.3.26

76

UBS Group AG

CH1253456094

21.3.23

AUD 200

 

 1327

21.3.33

21.3.26

Total TLAC-eligible senior unsecured debt

 

 

 

 

 49,649 

 

 

1 Refer to “Capital and total loss-absorbing capacity instruments” under “Bondholder information” at 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 issuance date.    2 Instruments available to meet gone concern requirements remain eligible until one year before maturity.    3 Relates to Deferred Contingent Capital Plan (DCCP) awards.    4 An outstanding low-trigger loss-absorbing additional tier 1 (AT1) capital instrument is available under the Swiss SRB framework to meet the going concern requirements until its first call date. As of the first call date, this instrument is 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 31 March 2023 and therefore includes the applicable accrual yield and, if applicable, the issue price discount, with the numbers being rounded to one decimal place.    7 The eligible amounts presented are adjusted for own-credit-related gains / losses.    8 The nominal amount outstanding as of 31.3.23 has been reduced compared to the nominal amount at issue date as a result of a tender offer launched by UBS Group AG on 22 March 2023. The final nominal amount, after the tender offer final expiration deadline on 4 April 2023, is EUR 1,046.3m.    9 The nominal amount outstanding as of 31.3.23 has been reduced compared to the nominal amount at issue date as a result of a tender offer launched by UBS Group AG on 22 March 2023. The final nominal amount, after the tender offer final expiration deadline on 4 April 2023, is EUR 977.1m.     10 On 22 March 2023, we announced a tender offer to repurchase two TLAC-eligible senior unsecured debt instruments at their respective re-offer prices. Due to the tender offer, which was made shortly after the instruments’ issue date in light of the anticipated acquisition of Credit Suisse announced on 19 March 2023, the aforementioned instruments were not eligible as gone concern capital as of 31 March 2023.

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

5

 

   

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cautionary Statement | This report 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 report. Refer to UBS’s most recent Annual Report on Form 20-F, quarterly reports and other information furnished to or filed with the US Securities and Exchange Commission on Form 6-K, available at ubs.com/investors, for additional information.

Rounding | Numbers presented throughout this report may not add up precisely to the totals provided in the tables and text. Percentages and percent changes disclosed in text and tables are calculated on the basis of unrounded figures. Absolute changes between reporting periods disclosed in the text, which can be derived from numbers presented in related tables, are calculated on a rounded basis.

Tables | Within tables, blank fields generally indicate non-applicability or that presentation of any content would not be 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. Values that are zero on a rounded basis can be either negative or positive on an actual basis.

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

6

 

   

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:  April 25, 2023