Debt issued measured at amortized cost (Tables)

12 Months Ended

Dec. 31, 2024

Notes And Debentures Issued [Member]

Disclosure Of Financial Liabilities [Line Items]

Disclosure Of Detailed Information About Borrowings Explanatory

USD m

31.12.24

31.12.23

Short-term debt

1

30,509

38,530

Senior unsecured debt 

133,159

147,547

of which: contributes to total loss-absorbing capacity (TLAC)

92,515

101,939

of which: issued by UBS AG standalone with original maturity greater than one year

32,664

18,446

of which: issued by Credit Suisse AG standalone with original maturity greater than one year

24,609

Covered bonds

8,762

5,214

Subordinated debt

15,030

17,644

of which: eligible as high-trigger loss-absorbing additional tier 1 capital instruments

2

13,084

10,744

of which: eligible as low-trigger loss-absorbing additional tier 1 capital instruments

1,245

1,214

of which: eligible as non-Basel III-compliant tier 2 capital instruments

207

538

Debt issued through the Swiss central mortgage institutions

26,335

27,377

Other long-term debt

424

1,506

Long-term debt

3

183,709

199,288

Total debt issued measured at amortized cost

4,5

214,219

237,817

1 Debt with an original contractual maturity of less than one year, includes mainly certificates of deposit and commercial paper. 2 For 31 December 2024, includes USD

6.9

bn (31 December 2023: USD

3.6

bn) that

are, upon the occurrence of a trigger event or a viability event, subject to conversion into ordinary UBS shares. 3 Debt with an original contractual maturity greater than or equal to one year. The classification of

debt issued into short-term and long-term does not consider any early redemption features. 4 Net of bifurcated embedded derivatives, the fair value of which was not material for the periods presented. 5 Except

for Covered bonds (

100

% secured), Debt issued through the Swiss central mortgage institutions (

100

% secured) and Other long-term debt (

91

% secured),

100

% of the balance was unsecured as of 31 December

2024.