Report of Foreign Issuer (6-k)
April 28 2020 - 7:06AM
Edgar (US Regulatory)
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 28, 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 registrant
files or will file annual reports under cover of Form 20‑F or Form 40-F.
This Form 6-K consists of the 1Q20 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
First 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
31 March 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, 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, available under “Quarterly reporting”
at www.ubs.com/investors.
|
Capital instruments and TLAC-eligible senior unsecured debt as
of 31 March 20201
|
|
USD millions, except where
indicated
|
|
|
|
Swiss SRB
|
|
|
|
|
|
|
|
|
Going concern
|
Gone concern2
|
|
|
|
No.
|
Issuer
|
ISIN
|
Issue date
|
Outstanding amount as of 31.3.20
|
Amount recognized
in regulatory capital
as of 31.3.20
|
Amount eligible for
the gone concern requirement
as of 31.3.20
|
Maturity date
|
First optional call date
|
|
Additional tier 1 capital
|
|
|
|
|
|
|
|
|
1
|
UBS Group AG, Switzerland, or employing subsidiaries3
|
|
31.12.15
|
USD 449
|
449
|
|
Perpetual
|
01.03.21
|
|
2
|
UBS Group AG
|
CH0317921697
|
21.03.16
|
USD 1,500
|
1,510
|
|
Perpetual
|
22.03.21
|
|
3
|
UBS Group AG
|
CH0331455318
|
10.08.16
|
USD 1,100
|
1,107
|
|
Perpetual
|
10.08.21
|
|
4
|
UBS Group AG, Switzerland, or employing subsidiaries3
|
|
31.12.16
|
USD 356
|
356
|
|
Perpetual
|
01.03.22
|
|
5
|
UBS Group AG
|
CH0400441280
|
31.01.18
|
USD 2,000
|
2,107
|
|
Perpetual
|
31.01.23
|
|
6
|
UBS Group AG, Switzerland, or employing subsidiaries3
|
|
31.12.17
|
USD 353
|
353
|
|
Perpetual
|
01.03.23
|
|
7
|
UBS Group AG
|
CH0447353704
|
28.11.18
|
SGD 700
|
515
|
|
Perpetual
|
28.11.23
|
|
8
|
UBS Group AG
|
144A: US90352JAF03
RegS: USH4209UAT37
|
31.01.19
|
USD 2,500
|
2,693
|
|
Perpetual
|
31.01.24
|
|
9
|
UBS Group AG, Switzerland, or employing subsidiaries3
|
|
31.12.18
|
USD 388
|
388
|
|
Perpetual
|
01.03.24
|
|
10
|
UBS Group AG
|
CH0488506673
|
27.08.19
|
AUD 700
|
434
|
|
Perpetual
|
27.08.24
|
|
11
|
UBS Group AG
|
CH0495570928
|
04.09.19
|
SGD 750
|
537
|
|
Perpetual
|
04.09.24
|
|
12
|
UBS Group AG, Switzerland, or employing subsidiaries3
|
|
21.02.20
|
USD 314
|
314
|
|
Perpetual
|
01.03.25
|
|
13
|
UBS Group AG
|
CH0286864027
|
07.08.15
|
USD 1,575
|
1,716
|
|
Perpetual
|
07.08.25
|
|
14
|
UBS Group AG
|
CH0506668869
|
13.11.19
|
CHF 275
|
284
|
|
Perpetual
|
13.11.25
|
|
Total high-trigger
loss-absorbing additional tier 1 capital
|
|
|
|
12,761
|
|
|
|
|
1
|
UBS Group AG
|
CH0271428309
|
19.02.15
|
EUR 1,000
|
1,119
|
|
Perpetual
|
19.02.22
|
|
2
|
UBS Group AG
|
CH0271428333
|
19.02.15
|
USD 1,250
|
1,345
|
|
Perpetual
|
19.02.25
|
|
Total low-trigger
loss-absorbing additional tier 1 capital4
|
|
|
|
2,464
|
|
|
|
|
Total additional tier 1 capital
|
|
|
|
15,225
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Tier 2 capital
|
|
|
|
|
|
|
|
|
1
|
UBS AG, Stamford branch
|
US90261AAB89
|
17.08.12
|
USD 2,000
|
|
2,062
|
17.08.22
|
|
|
2
|
UBS AG
|
CH0244100266
|
15.05.14
|
USD 2,500
|
|
2,715
|
15.05.24
|
|
|
3
|
UBS AG
|
CH0236733827
|
13.02.14
|
EUR 2,000
|
|
2,239
|
12.02.26
|
12.02.21
|
|
Total low-trigger
loss-absorbing tier 2 capital
|
|
|
|
|
7,017
|
|
|
|
1
|
UBS AG, New York branch
|
US870836AC77
|
21.07.95
|
USD 251
|
|
252
|
15.07.25
|
|
|
2
|
UBS AG, Jersey branch
|
XS0062270581
|
18.12.95
|
GBP 61
|
|
76
|
18.12.25
|
|
|
3
|
UBS AG, New York branch
|
US870845AC84
|
03.09.96
|
USD 218
|
|
206
|
01.09.26
|
|
|
Total non-Basel
III-compliant tier 2 capital5
|
|
|
|
|
534
|
|
|
|
Total tier 2 capital
|
|
|
|
|
7,551
|
|
|
|
Capital instruments and TLAC-eligible senior unsecured debt as
of 31 March 20201
|
|
USD millions, except where
indicated
|
|
|
|
Swiss SRB
|
|
|
|
|
|
|
|
|
Going concern
|
Gone concern2
|
|
|
|
No.
|
Issuer
|
ISIN
|
Issue date
|
Outstanding amount as of 31.3.20
|
Amount recognized
in regulatory capital
as of 31.3.20
|
Amount eligible for
the gone concern requirement
as of 31.3.20
|
Maturity date
|
First optional call date
|
|
TLAC-eligible senior
unsecured debt
|
|
|
|
|
|
|
|
|
1
|
UBS Group AG
|
144A: US90351DAA54
RegS: USG91703AA90
|
24.09.15
|
USD 1,500
|
|
|
24.09.20
|
|
|
2
|
UBS Group AG
|
144A: US90351DAC11
RegS: USG91703AC56
|
24.09.15
|
USD 300
|
|
|
24.09.20
|
|
|
3
|
UBS Group AG
|
144A: US90351DAE76
RegS: USG91703AJ00
|
05.04.16
|
USD 1,000
|
|
995
|
14.04.21
|
|
|
4
|
UBS Group AG
|
144A: US90351DAD93
RegS: USG91703AH44
|
05.04.16
|
USD 2,000
|
|
2,007
|
15.04.21
|
|
|
5
|
UBS Group AG
|
144A: US90351DAG25
RegS: USG91703AL55
|
10.08.16
|
USD 500
|
|
500
|
01.02.22
|
|
|
6
|
UBS Group AG
|
144A: US90351DAH08
RegS: USG91703AM39
|
10.08.16
|
USD 2,000
|
|
2,012
|
01.02.22
|
|
|
7
|
UBS Group AG
|
CH0310451841
|
22.02.16
|
CHF 300
|
|
313
|
22.02.22
|
|
|
8
|
UBS Group AG
|
CH0359915425
|
20.03.17
|
EUR 1,750
|
|
1,927
|
20.09.22
|
20.09.21
|
|
9
|
UBS Group AG
|
CH0302790123
|
16.11.15
|
EUR 1,250
|
|
1,407
|
16.11.22
|
|
|
10
|
UBS Group AG
|
144A: US90352JAA16
RegS: USH4209UAA46
|
23.03.17
|
USD 2,000
|
|
2,049
|
23.05.23
|
23.05.22
|
|
11
|
UBS Group AG
|
144A: US90352JAB98
RegS: USH4209UAB29
|
23.03.17
|
USD 1,000
|
|
994
|
23.05.23
|
23.05.22
|
|
12
|
UBS Group AG
|
144A: US90352JAE38
RegS: USH4209UAG16
|
15.08.17
|
USD 2,000
|
|
2,045
|
15.08.23
|
15.08.22
|
|
13
|
UBS Group AG
|
144A: US90352JAD54
RegS: USH4209UAF33
|
15.08.17
|
USD 1,250
|
|
1,229
|
15.08.23
|
15.08.22
|
|
14
|
UBS Group AG
|
CH0314209351
|
04.03.16
|
EUR 750
|
|
845
|
04.03.24
|
|
|
15
|
UBS Group AG
|
CH0365501516
|
18.05.17
|
CHF 400
|
|
422
|
18.05.24
|
18.05.23
|
|
16
|
UBS Group AG
|
CH0445624981
|
09.11.18
|
JPY 130,000
|
|
1,214
|
08.11.24
|
08.11.23
|
|
17
|
UBS Group AG
|
CH0341440334
|
30.11.16
|
EUR 1,250
|
|
1,405
|
30.11.24
|
30.11.23
|
|
18
|
UBS Group AG
|
CH0459297435
|
30.01.19
|
CHF 400
|
|
421
|
30.01.25
|
30.01.24
|
|
19
|
UBS Group AG
|
CH0409606354
|
17.04.18
|
EUR 1,750
|
|
1,987
|
17.04.25
|
17.04.24
|
|
20
|
UBS Group AG
|
144A: US90351DAB38
RegS: USG91703AB73
|
24.09.15
|
USD 2,500
|
|
2,716
|
24.09.25
|
|
|
21
|
UBS Group AG
|
CH0520042489
|
29.01.20
|
EUR 1,500
|
|
1,646
|
29.01.26
|
29.01.25
|
|
22
|
UBS Group AG
|
CH0310451858
|
22.02.16
|
CHF 150
|
|
160
|
23.02.26
|
|
|
23
|
UBS Group AG
|
144A: US90351DAF42
RegS: USG91703AK72
|
05.04.16
|
USD 2,000
|
|
2,127
|
15.04.26
|
|
|
24
|
UBS Group AG
|
CH0336602930
|
01.09.16
|
EUR 1,250
|
|
1,408
|
01.09.26
|
01.06.26
|
|
Capital instruments and TLAC-eligible senior unsecured debt as
of 31 March 20201
|
|
USD millions, except where
indicated
|
|
|
|
Swiss SRB
|
|
|
|
|
|
|
|
|
Going concern
|
Gone concern2
|
|
|
|
No.
|
Issuer
|
ISIN
|
Issue date
|
Outstanding amount as of 31.3.20
|
Amount recognized
in regulatory capital
as of 31.3.20
|
Amount eligible for
the gone concern requirement
as of 31.3.20
|
Maturity date
|
First optional call date
|
|
25
|
UBS Group AG
|
144A: US90352JAC71
RegS: USH4209UAC02
|
23.03.17
|
USD 2,000
|
|
2,250
|
23.03.28
|
23.03.27
|
|
26
|
UBS Group AG
|
CH0445624999
|
09.11.18
|
JPY 20,000
|
|
190
|
09.11.28
|
09.11.27
|
|
27
|
UBS Group AG
|
144A: US902613AA61
RegS: USH42097AZ05
|
13.08.19
|
USD 1,500
|
|
1,626
|
13.08.30
|
13.08.29
|
|
28
|
UBS Group AG
|
CH0508236566
|
18.11.19
|
AUD 100
|
|
55 7
|
18.11.34
|
18.11.20
|
|
29
|
UBS Group AG
|
CH0506668844
|
04.11.19
|
USD 142.16
|
|
113 7
|
04.11.49
|
04.11.22
|
|
30
|
UBS Group AG
|
CH0521617321
|
04.03.20
|
USD 120.36
|
|
91 7
|
04.03.50
|
04.03.25
|
|
Total TLAC-eligible senior
unsecured debt
|
|
|
|
|
34,153
|
|
|
|
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 or optional call date. 2 The eligibility
criteria applicable as of 1 January 2020 have been revised under the Capital
Adequacy Ordinance issued in November 2019 whereby 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 31 March 2020, and therefore includes the applicable
accrual yield. 7 The eligible amounts presented are not adjusted for own
credit related gains/losses.
|
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 first 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.
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 28, 2020
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