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Debt issued designated at fair value
 12 Months Ended
Dec. 31, 2019
Disclosure Of Financial Liabilities [Line Items]  
Disclosure Of Financial Instruments Designated At Fair Value Through Profit Or Loss Explanatory

Note 19 Debt issued designated at fair value

USD million31.12.1931.12.18
Issued debt instruments
Equity-linked1 41,722 34,392
Rates-linked 16,318 12,073
Credit-linked 1,916 3,282
Fixed-rate 4,636 5,099
Commodity-linked 1,567 1,785
Other 649 401
of which: debt that contributes to total loss-absorbing capacity 217 0
Total debt issued designated at fair value 66,809 57,031
of which: issued by UBS AG with original maturity greater than one year2 51,031 40,289
of which: life-to-date own credit (gain) / loss 92 (270)
1 Includes investment fund unit-linked instruments issued. 2 Issued by the legal entity UBS AG. Based on original contractual maturity without considering any early redemption features. More than 99% of the balance as of 31 December 2019 was unsecured (31 December 2018: more than 99% of the balance was unsecured).

As of 31 December 2019 and 31 December 2018, the contractual redemption amount at maturity of debt issued designated at fair value through profit or loss was not materially different from the carrying amount.

The table below shows the residual contractual maturity of the carrying amount of debt issued designated at fair value, split between fixed-rate and floating-rate instruments based on the contractual terms, and does not consider any early redemption features. Interest rate ranges for future interest payments related to debt issued designated at fair value have not been included in the table below as a majority of the debt instruments issued are structured products, and therefore the future interest payments are highly dependent upon the embedded derivative and prevailing market conditions at the point in time that each interest payment is made.

Refer to Note 27 for maturity information on an undiscounted cash flow basis

Contractual maturity of carrying amount
USD million202020212022202320242025–2029ThereafterTotal 31.12.19Total 31.12.18
UBS Group AG1
Non-subordinated debt
Fixed-rate 0 0 0 0 0 0 217 217 0
UBS AG2
Non-subordinated debt
Fixed-rate 3,648 1,778 755 288 334 386 3,178 10,368 11,807
Floating-rate 21,547 10,748 3,435 2,608 3,290 8,109 5,562 55,299 43,562
Subtotal 25,195 12,526 4,190 2,897 3,624 8,495 8,740 65,668 55,370
Other subsidiaries3
Non-subordinated debt
Fixed-rate 48 92 6 0 0 345 29 520 1,230
Floating-rate 102 43 197 27 0 0 35 404 431
Subtotal 150 134 203 27 0 345 64 924 1,662
Total 25,345 12,661 4,394 2,924 3,624 8,840 9,021 66,809 57,031
1 Comprises instruments issued by the legal entity UBS Group AG. 2 Comprises instruments issued by the legal entity UBS AG. 3 Comprises instruments issued by subsidiaries of UBS AG.
UBS AG  
Disclosure Of Financial Liabilities [Line Items]  
Disclosure Of Financial Instruments Designated At Fair Value Through Profit Or Loss Explanatory

Note 19 Debt issued designated at fair value

USD million31.12.1931.12.18
Issued debt instruments
Equity-linked1 41,722 34,392
Rates-linked 16,318 12,073
Credit-linked 1,916 3,282
Fixed-rate 4,636 5,099
Commodity-linked 1,567 1,785
Other 432 401
Total debt issued designated at fair value 66,592 57,031
of which: issued by UBS AG with original maturity greater than one year2 51,031 40,289
of which: life-to-date own credit (gain) / loss 82 (270)
1 Includes investment fund unit-linked instruments issued. 2 Issued by the legal entity UBS AG. Based on original contractual maturity without considering any early redemption features. More than 99% of the balance as of 31 December 2019 was unsecured (31 December 2018: more than 99% of the balance was unsecured).

As of 31 December 2019 and 31 December 2018, the contractual redemption amount at maturity of debt issued designated at fair value through profit or loss was not materially different from the carrying amount.

The table below shows the residual contractual maturity of the carrying amount of debt issued designated at fair value, split between fixed-rate and floating-rate instruments based on the contractual terms, and does not consider any early redemption features. Interest rate ranges for future interest payments related to debt issued designated at fair value have not been included in the table below as a majority of the debt instruments issued are structured products, and therefore the future interest payments are highly dependent upon the embedded derivative and prevailing market conditions at the point in time that each interest payment is made.

Refer to Note 27 for maturity information on an undiscounted cash flow basis

Contractual maturity of carrying amount
USD million202020212022202320242025–2029ThereafterTotal 31.12.19Total 31.12.18
UBS AG1
Non-subordinated debt
Fixed-rate 3,648 1,778 755 288 334 386 3,178 10,368 11,807
Floating-rate 21,547 10,748 3,435 2,608 3,290 8,109 5,562 55,299 43,562
Subtotal 25,195 12,526 4,190 2,897 3,624 8,495 8,740 65,668 55,370
Other subsidiaries2
Non-subordinated debt
Fixed-rate 48 92 6 0 0 345 29 520 1,230
Floating-rate 102 43 197 27 0 0 35 404 431
Subtotal 150 134 203 27 0 345 64 924 1,662
Total 25,345 12,661 4,394 2,924 3,624 8,840 8,804 66,592 57,031
1 Comprises instruments issued by the legal entity UBS AG. 2 Comprises instruments issued by subsidiaries of UBS AG.