UBS UBS Group AG

 

 

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: July 31, 2015

 

 

UBS Group AG

Commission File Number: 1-36764

UBS AG

Commission File Number: 1-15060

(Registrants’ Names)

 

 

Bahnhofstrasse 45, Zurich, Switzerland

(Address of principal executive office)

 

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F  x                     Form 40-F  ¨

 

 

 

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Explanatory Note

UBS produces regular quarterly reports, which are filed with the SEC under Form 6-K. These reports are prepared in accordance with International Financial Reporting Standards (IFRS). SEC regulations require certain additional disclosure to be included in registration statements relating to offerings of securities. Certain of this additional disclosure was included with UBS’s second quarter 2015 report submitted to the SEC on Form 6-K on 28 July 2015, and additional disclosure follows herein. This information should be read in conjunction with UBS’s annual report on Form 20-F for the year ended 31 December 2014, filed with the SEC on 13 March 2015, as well as UBS’s first quarter 2015 report and second quarter report 2015 submitted to the SEC on Forms 6-K on 5 May 2015 and 28 July 2015, respectively.

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Note 20 Supplemental guarantor information required under SEC regulations

 

 

 

 

1

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Introduction

 

 

Note 20 Supplemental guarantor information required under SEC regulations (continued)

 

 

Supplemental guarantor consolidated income statement
CHF million For the six months ended 30 June 2015			UBS AG (standalone)1				UBS Switzerland  AG (standalone)1				UBS Americas  Inc.2				UBS Preferred Funding Trust IV & V				Other subsidiaries2				Elimination entries				UBS AG (consolidated)
Operating income
Interest income			5,056				1,121				824				31				745				(1,193	)			6,583
Interest expense			(3,311	)			(286	)			(320	)			0				(674	)			1,137				(3,454	)
Net interest income			1,745				835				504				31				71				(57	)			3,129
Credit loss (expense)/recovery			(26	)			(5	)			4				0				3				(6	)			(29	)
Net interest income after credit loss expense			1,719				830				507				31				75				(62	)			3,100
Net fee and commission income			2,094				873				3,721				0				2,193				(49	)			8,832
Net trading income			4,064				233				142				0				152				(851	)			3,741
Other income			(624	)			208				378				0				(601	)			1,612				972
Total operating income			7,253				2,144				4,747				31				1,819				650				16,644
Operating expenses
Personnel expenses			3,851				534				3,193				0				719				0				8,297
General and administrative expenses			491				769				1,435				0				774				0				3,470
Depreciation and impairment of property, equipment and software			313				4				75				0				38				0				429
Amortization and impairment of intangible assets			11				0				41				0				6				0				58
Total operating expenses			4,666				1,307				4,743				0				1,537				0				12,254
Operating profit/(loss) before tax			2,587				837				4				31				282				650				4,391
Tax expense/(benefit)			690				207				(1	)			0				213				3				1,112
Net profit/(loss)			1,897				630				5				31				68				647				3,278
Net profit/(loss) attributable to preferred noteholders			76				0				0				31				0				(31	)			76
Net profit/(loss) attributable to non-controlling interests			0				0				0				0				1				0				1
Net profit/(loss) attributable to shareholders			1,821				630				5				0				67				678				3,201

¹  Amounts presented for UBS AG (standalone) and UBS Switzerland AG (standalone) represent IFRS-standalone information. Refer to the “Supplemental information (unaudited) for UBS AG (standalone)” section of this report for UBS AG (standalone) financial information prepared in accordance with Swiss GAAP. Refer to the “Financial information” section of the UBS Group second quarter 2015 report for UBS Switzerland AG (standalone) interim financial statements prepared in accordance with Swiss GAAP.    ²  Amounts presented in these columns serve as a basis for preparing UBS AG (consolidated) financial statements in accordance with IFRS.

 

2

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Note 20 Supplemental guarantor information required under SEC regulations (continued)

 

 

Supplemental guarantor consolidated statement of comprehensive income
CHF million For the six months ended 30 June 2015			UBS AG (standalone)1				UBS Switzerland  AG (standalone)1				UBS Americas  Inc.2				UBS Preferred Funding Trust IV & V				Other subsidiaries2				Elimination entries				UBS AG (consolidated)
Comprehensive income attributable to shareholders
Net profit/(loss)			1,821				630				5				0				67				678				3,201
Other comprehensive income
Other comprehensive income that may be reclassified to the income statement
Foreign currency translation, net of tax			(225	)			0				(90	)			0				(595	)			(666	)			(1,577	)
Financial investments available-for-sale, net of tax			(60	)			3				(8	)			0				(5	)			2				(67	)
Cash flow hedges, net of tax			(402	)			(156	)			0				0				0				29				(530	)
Total other comprehensive income that may be reclassified to the income statement, net of tax			(687	)			(153	)			(98	)			0				(600	)			(635	)			(2,173	)
Other comprehensive income that will not be reclassified to the income statement
Defined benefit plans, net of tax			476				(348	)			8				0				20				(18	)			138
Property revaluation surplus, net of tax			0				0				0				0				0				0				0
Total other comprehensive income that will not be reclassified to the income statement, net of tax			476				(348	)			8				0				20				(18	)			138
Total other comprehensive income			(211	)			(501	)			(89	)			0				(580	)			(654	)			(2,035	)
Total comprehensive income attributable to shareholders			1,610				129				(84	)			0				(513	)			24				1,166
Total comprehensive income attributable to preferred noteholders			(98	)			0				0				(47	)			0				47				(98	)
Total comprehensive income attributable to non-controlling interests			0				0				0				0				(2	)			0				(2	)
Total comprehensive income			1,513				129				(84	)			(47	)			(515	)			71				1,066

¹  Amounts presented for UBS AG (standalone) and UBS Switzerland AG (standalone) represent IFRS-standalone information. Refer to the “Supplemental information (unaudited) for UBS AG (standalone)” section of this report for UBS AG (standalone) financial information prepared in accordance with Swiss GAAP. Refer to the “Financial information” section of the UBS Group second quarter 2015 report for UBS Switzerland AG (standalone) interim financial statements prepared in accordance with Swiss GAAP.    ²  Amounts presented in these columns serve as a basis for preparing UBS AG (consolidated) financial statements in accordance with IFRS.

 

3

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Introduction

 

 

Note 20 Supplemental guarantor information required under SEC regulations (continued)

 

 

Supplemental guarantor consolidated balance sheet
CHF million As of 30 June 2015			UBS AG (standalone)1				UBS Switzerland  AG (standalone)1				UBS Americas  Inc.2				UBS Preferred Funding Trust IV & V				Other subsidiaries2				Elimination entries				UBS AG (consolidated)
Assets
Cash and balances with central banks			47,542				31,195				1,947				0				3,961				0				84,646
Due from banks			45,717				16,748				12,226				0				37,409				(98,757	)			13,343
Cash collateral on securities borrowed			29,373				7,852				38,632				0				6,320				(54,487	)			27,689
Reverse repurchase agreements			66,015				21,853				22,523				0				12,271				(61,814	)			60,848
Trading portfolio assets			88,929				3,409				6,895				1,223				33,950				(5,920	)			128,486
of which: assets pledged as collateral which may be sold or repledged by counterparties			43,177				0				3,510				0				9,408				(5,552	)			50,544
Positive replacement values			179,402				6,759				17,281				0				36,058				(65,819	)			173,681
Cash collateral receivables on derivative instruments			20,453				1,294				5,657				0				12,159				(14,721	)			24,842
Financial assets designated at fair value			5,301				0				268				0				2,878				(3,361	)			5,087
Loans			98,000				190,994				43,010				0				15,476				(31,998	)			315,482
Financial investments available-for-sale			28,753				24,009				5,177				0				8,832				0				66,771
Investments in subsidiaries and associates			36,650				7				1				0				1				(35,751	)			908
Property, equipment and software			5,995				21				833				0				201				0				7,050
Goodwill and intangible assets			352				0				5,004				0				892				(6	)			6,242
Deferred tax assets			2,657				1,001				6,113				0				282				(52	)			10,000
Other assets			14,319				1,540				11,361				0				2,835				(3,604	)			26,451
Total assets			669,459				306,684				176,927				1,223				173,525				(376,290	)			951,528
Liabilities
Due to banks			41,896				33,344				32,540				3				4,247				(98,760	)			13,270
Cash collateral on securities lent			33,954				2,525				25,459				0				3,201				(54,487	)			10,652
Repurchase agreements			36,526				13,270				13,135				0				11,915				(61,814	)			13,032
Trading portfolio liabilities			20,530				217				4,612				0				10,668				(3,804	)			32,224
Negative replacement values			177,008				6,633				16,957				0				36,423				(65,819	)			171,202
Cash collateral payables on derivative instruments			30,728				193				6,463				0				15,939				(14,721	)			38,603
Financial liabilities designated at fair value			65,104				0				104				0				5,167				(4,008	)			66,366
Due to customers			95,472				229,562				45,721				0				43,755				(32,123	)			382,387
Debt issued			84,447				8,194				4,548				0				271				(205	)			97,255
Provisions			1,858				200				1,250				0				286				0				3,594
Other liabilities			31,344				2,663				14,989				31				24,027				(3,675	)			69,380
Total liabilities			618,868				296,802				165,778				35				155,899				(339,416	)			897,966
Equity attributable to shareholders			48,751				9,882				11,149				(27	)			17,589				(35,659	)			51,685
Equity attributable to preferred noteholders			1,840				0				0				1,216				0				(1,216	)			1,840
Equity attributable to non-controlling interests			0				0				0				0				38				0				38
Total equity			50,590				9,882				11,149				1,189				17,627				(36,875	)			53,562
Total liabilities and equity			669,459				306,684				176,927				1,223				173,525				(376,290	)			951,528

¹  Amounts presented for UBS AG (standalone) and UBS Switzerland AG (standalone) represent IFRS-standalone information. Refer to the “Supplemental information (unaudited) for UBS AG (standalone)” section of this report for UBS AG (standalone) financial information prepared in accordance with Swiss GAAP. Refer to the “Financial information” section of the UBS Group second quarter 2015 report for UBS Switzerland AG (standalone) interim financial statements prepared in accordance with Swiss GAAP.    ²  Amounts presented in these columns serve as a basis for preparing UBS AG (consolidated) financial statements in accordance with IFRS.

 

4

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Note 20 Supplemental guarantor information required under SEC regulations (continued)

 

 

 

Supplemental guarantor consolidated statement of cash flows
CHF million For the six months ended 30 June 2015			UBS AG1				UBS Switzerland  AG1				UBS Americas  Inc.1				Other subsidiaries1				UBS AG (consolidated)
Net cash flow from/(used in) operating activities			(6,610	)			(1,556	)			(4,625	)			2,383				(10,408	)
Cash flow from/(used in) investing activities
Purchase of subsidiaries, associates and intangible assets			(37	)			0				(1	)			0				(38	)
Disposal of subsidiaries, associates and intangible assets2			172				0				12				5				190
Purchase of property, equipment and software			(606	)			0				(134	)			(55	)			(795	)
Disposal of property, equipment and software			504				0				4				13				520
Net (investment in)/divestment of financial investments available-for-sale			(17,562	)			1,794				72				147				(15,549	)
Net cash flow from/(used in) investing activities			(17,529	)			1,794				(48	)			110				(15,673	)
Cash flow from/(used in) financing activities
Net short-term debt issued/(repaid)			4,438				0				881				33				5,353
Dividends paid on UBS shares			(1,632	)			0				0				0				(1,632	)
Issuance of long-term debt, including financial liabilities designated at fair value			32,649				328				0				228				33,204
Repayment of long-term debt, including financial liabilities designated at fair value			(23,982	)			(46	)			(18	)			(998	)			(25,044	)
Dividends paid and repayments of preferred notes			(77	)			0				0				0				(77	)
Net changes of non-controlling interests			0				0				0				(5	)			(5	)
Net activity in investments in subsidiaries3			(33,111	)			33,283				0				(172	)			0
Net cash flow from/(used in) financing activities			(21,715	)			33,564				863				(914	)			11,799
Effects of exchange rate differences on cash and cash equivalents			(4,320	)			(4	)			(583	)			(689	)			(5,595	)
Net increase/(decrease) in cash and cash equivalents			(50,173	)			33,798				(4,392	)			891				(19,876	)
Cash and cash equivalents at the beginning of the period			100,662				0				8,960				7,093				116,715
Cash and cash equivalents at the end of the period			50,489				33,798				4,568				7,983				96,838
Cash and cash equivalents comprise:
Cash and balances with central banks			47,542				31,195				1,947				3,961				84,646
Due from banks4			2,577				2,601				2,526				4,016				11,720
Money market paper5			370				2				95				6				473
Total			50,489				33,798				4,568				7,983				96,838	6

¹  Cash flows generally represent a third-party view from a UBS AG (consolidated) perspective. As a consequence, the non-consolidated UBS Preferred Funding Trusts IV and V are not presented in this table. For the six months ended 30 June 2015, these trusts had cash inflows of CHF 77 million from operating activities and an equivalent cash outflow for dividends paid to preferred note holders.    ²  Includes dividends received from associates.    ³   Includes transfer of cash and cash equivalents from UBS AG to UBS Switzerland AG of CHF 33,283 million. Refer to “Changes in legal structure” in the “Financial information” section of the UBS Group second quarter 2015 report for more information on the business transfer from UBS AG to UBS Switzerland AG.    ⁴  Includes positions recognized in the balance sheet under Due from banks and Cash collateral receivables on derivative instruments.    ⁵  Money market paper is included in the balance sheet under Trading portfolio assets and Financial investments available-for-sale.    ⁶   CHF 3,404 million of cash and cash equivalents were restricted.

 

		5

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Introduction

 

 

Note 20 Supplemental guarantor information required under SEC regulations (continued)

 

 

 

Supplemental guarantor consolidated income statement
CHF million For the six months ended 30 June 2014			UBS AG (standalone)1				UBS Americas Inc.2				Other subsidiaries2				Elimination entries				UBS AG (consolidated)
Operating income
Interest income			5,786				775				556				(589	)			6,528
Interest expense			(3,569	)			(298	)			(436	)			588				(3,714	)
Net interest income			2,217				477				120				(1	)			2,814
Credit loss (expense)/recovery			5				7				0				2				14
Net interest income after credit loss expense			2,223				484				120				2				2,829
Net fee and commission income			3,233				3,503				1,716				(44	)			8,408
Net trading income			2,119				325				113				146				2,704
Other income			724				(20	)			(263	)			24				465
Total operating income			8,299				4,292				1,686				128				14,405
Operating expenses
Personnel expenses			4,213				2,849				747				0				7,809
General and administrative expenses			1,872				1,114				564				0				3,550
Depreciation and impairment of property, equipment and software			287				68				40				0				396
Amortization and impairment of intangible assets			3				29				8				0				39
Total operating expenses			6,375				4,061				1,359				0				11,794
Operating profit/(loss) before tax			1,924				232				327				128				2,611
Tax expense/(benefit)			474				14				163				1				652
Net profit/(loss)			1,450				218				164				127				1,958
Net profit/(loss) attributable to preferred noteholders			111				0				0				0				111
Net profit/(loss) attributable to non-controlling interests			0				0				2				0				2
Net profit/(loss) attributable to shareholders			1,340				218				162				127				1,846

¹  Amounts presented for UBS AG (standalone) represent IFRS-standalone information. Refer to the “Supplemental information (unaudited) for UBS AG (standalone)” section of this report for UBS AG (standalone) financial information prepared in accordance with Swiss GAAP.    ²  Amounts presented in these columns serve as a basis for preparing UBS AG (consolidated) financial statements in accordance with IFRS.

 

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Note 20 Supplemental guarantor information required under SEC regulations (continued)

 

 

 

Supplemental guarantor consolidated statement of comprehensive income
CHF million For the six months ended 30 June 2014			UBS AG (standalone)1				UBS Americas Inc.2				Other subsidiaries2				Elimination entries				UBS AG (consolidated)
Comprehensive income attributable to shareholders
Net profit/(loss)			1,340				218				162				127				1,846
Other comprehensive income
Other comprehensive income that may be reclassified to the income statement
Foreign currency translation, net of tax			(19	)			250				117				(435	)			(87	)
Financial investments available-for-sale, net of tax			(3	)			59				(2	)			(7	)			47
Cash flow hedges, net of tax			472				0				0				0				472
Total other comprehensive income that may be reclassified to the income statement, net of tax			450				309				115				(443	)			432
Other comprehensive income that will not be reclassified to the income statement
Defined benefit plans, net of tax			415				(31	)			(24	)			10				370
Property revaluation surplus, net of tax			0				0				0				0				0
Total other comprehensive income that will not be reclassified to the income statement, net of tax			415				(31	)			(24	)			10				370
Total other comprehensive income			865				278				92				(433	)			801
Total comprehensive income attributable to shareholders			2,205				496				254				(306	)			2,648
Total comprehensive income attributable to preferred noteholders			96				0				0				0				96
Total comprehensive income attributable to non-controlling interests			0				0				3				0				3
Total comprehensive income			2,301				496				256				(306	)			2,746

¹  Amounts presented for UBS AG (standalone) represent IFRS-standalone information. Refer to the “Supplemental information (unaudited) for UBS AG (standalone)” section of this report for UBS AG (standalone) financial information prepared in accordance with Swiss GAAP.    ²  Amounts presented in these columns serve as a basis for preparing UBS AG (consolidated) financial statements in accordance with IFRS.

 

		7

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Introduction

 

 

Note 20 Supplemental guarantor information required under SEC regulations (continued)

 

 

 

Supplemental guarantor consolidated balance sheet
CHF million As of 31 December 2014			UBS AG (standalone)1				UBS Americas Inc.2				Other subsidiaries2				Elimination entries				UBS AG (consolidated)
Assets
Cash and balances with central banks			95,711				6,440				1,923				0				104,073
Due from banks			32,448				7,099				52,637				(78,850	)			13,334
Cash collateral on securities borrowed			33,676				36,033				5,181				(50,827	)			24,063
Reverse repurchase agreements			64,496				24,417				30,328				(50,827	)			68,414
Trading portfolio assets			101,922				6,697				34,479				(4,943	)			138,156
of which: assets pledged as collateral which may be sold or repledged by counterparties			51,476				3,310				6,969				(5,737	)			56,018
Positive replacement values			262,073				19,597				51,327				(76,020	)			256,978
Cash collateral receivables on derivative instruments			25,501				5,503				14,487				(14,512	)			30,979
Financial assets designated at fair value			4,691				481				2,882				(3,562	)			4,493
Loans			299,032				43,566				16,553				(43,168	)			315,984
Financial investments available-for-sale			42,580				5,403				9,175				0				57,159
Investments in subsidiaries and associates			27,163				2				1				(26,239	)			927
Property, equipment and software			5,792				823				238				0				6,854
Goodwill and intangible assets			354				5,381				1,051				0				6,785
Deferred tax assets			4,290				6,479				349				(57	)			11,060
Other assets			14,649				9,021				2,256				(2,857	)			23,069
Total assets			1,014,379				176,942				222,867				(351,860	)			1,062,327
Liabilities
Due to banks			38,461				38,269				12,611				(78,850	)			10,492
Cash collateral on securities lent			33,284				22,961				3,761				(50,827	)			9,180
Repurchase agreements			22,087				12,548				28,010				(50,827	)			11,818
Trading portfolio liabilities			18,936				4,856				8,234				(4,068	)			27,958
Negative replacement values			258,680				19,448				51,993				(76,020	)			254,101
Cash collateral payables on derivative instruments			32,106				5,926				18,852				(14,512	)			42,372
Financial liabilities designated at fair value			73,857				130				5,598				(4,288	)			75,297
Due to customers			362,564				48,236				43,474				(43,294	)			410,979
Debt issued			86,894				157				4,312				(156	)			91,207
Provisions			2,725				1,268				372				0				4,366
Other liabilities			33,699				17,615				21,985				(2,907	)			70,392
Total liabilities			963,293				171,415				199,201				(325,748	)			1,008,162
Equity attributable to shareholders			49,073				5,527				23,621				(26,113	)			52,108
Equity attributable to preferred noteholders			2,013				0				0				0				2,013
Equity attributable to non-controlling interests			0				0				45				0				45
Total equity			51,085				5,527				23,666				(26,113	)			54,165
Total liabilities and equity			1,014,379				176,942				222,867				(351,860	)			1,062,327

¹  Amounts presented for UBS AG (standalone) represent IFRS-standalone information. Refer to the “Supplemental information (unaudited) for UBS AG (standalone)” section of this report for UBS AG (standalone) financial information prepared in accordance with Swiss GAAP.    ²  Amounts presented in these columns serve as a basis for preparing UBS AG (consolidated) financial statements in accordance with IFRS.

 

8

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Note 20 Supplemental guarantor information required under SEC regulations (continued)

 

 

 

Supplemental guarantor consolidated statement of cash flows
CHF million For the six months ended 30 June 2014			UBS AG1				UBS Americas Inc.1				Other subsidiaries1				UBS AG (consolidated)
Net cash flow from/(used in) operating activities			5,234				(2,244	)			2,809				5,799
Cash flow from/(used in) investing activities
Purchase of subsidiaries, associates and intangible assets			0				0				0				0
Disposal of subsidiaries, associates and intangible assets2			23				9				20				52
Purchase of property, equipment and software			(644	)			(114	)			(28	)			(787	)
Disposal of property, equipment and software			91				9				2				102
Net (investment in)/divestment of financial investments available-for-sale			8,551				195				(2,804	)			5,942
Net cash flow from/(used in) investing activities			8,020				99				(2,811	)			5,308
Cash flow from/(used in) financing activities
Net short-term debt issued/(repaid)			(2,020	)			0				(137	)			(2,157	)
Net movements in treasury shares and own equity derivative activity			(722	)			0				0				(722	)
Dividends paid on UBS shares			(938	)			0				0				(938	)
Issuance of long-term debt, including financial liabilities designated at fair value			17,826				0				230				18,056
Repayment of long-term debt, including financial liabilities designated at fair value			(19,020	)			(469	)			(221	)			(19,711	)
Dividends paid and repayment of preferred notes			(81	)			0				0				(81	)
Net changes in non-controlling interests			0				0				(4	)			(4	)
Net activity in investments in subsidiaries			(632	)			0				632				0
Net cash flow from/(used in) financing activities			(5,589	)			(470	)			500				(5,559	)
Effects of exchange rate differences on cash and cash equivalents			8				(68	)			(73	)			(131	)
Net increase/(decrease) in cash and cash equivalents			7,674				(2,682	)			426				5,418
Cash and cash equivalents at the beginning of the period			77,123				11,249				7,911				96,284
Cash and cash equivalents at the end of the period			84,798				8,567				8,337				101,702
Cash and cash equivalents comprise:
Cash and balances with central banks			68,633				6,231				2,750				77,615
Due from banks3			14,606				2,303				5,481				22,391
Money market paper4			1,558				32				105				1,695
Total			84,798				8,567				8,337				101,702	5

¹  Cash flows generally represent a third-party view from a UBS AG (consolidated) perspective.    ²   Includes dividends received from associates.    ³  Includes positions recognized in the balance sheet under Due from banks and Cash collateral receivables on derivative instruments with bank counterparties.    ⁴  Money market paper is included in the balance sheet under Trading portfolio assets and Financial investments available-for-sale.    ⁵   CHF 3,580 million of cash and cash equivalents were restricted.

 

		9

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This Form 6-K is hereby incorporated by reference into (1) each of the registration statements of UBS AG on Form F-3 (Registration Number 333-200212) and of UBS Group AG on Form S-8 (Registration Numbers 333-200634; 333-200635; 333-200641; and 333-200665) and Form F-4 (Registration Number 333-199011) and into each prospectus outstanding under any of the foregoing registration statements, (2) any outstanding offering circular or similar document issued or authorized by UBS AG that incorporates by reference any Form 6-K’s of UBS AG that are incorporated into its registration statements filed with the SEC, and (3) the base prospectus of Corporate Asset Backed Corporation (“CABCO”) dated June 23, 2004 (Registration Number 333-111572), the Form 8-K of CABCO filed and dated June 23, 2004 (SEC File Number 001-13444), and the Prospectus Supplements relating to the CABCO Series 2004-101 Trust dated May 10, 2004 and May 17, 2004 (Registration Number 033-91744 and 033-91744-05).

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

Date: July 31, 2015