Report of Foreign Issuer (6-k)
April 23 2018 - 7:03AM
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 23, 2018
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 1Q18 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 2018
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 SRB framework as of 31 March 2018.
Information on the Swiss SRB capital
framework and on Swiss SRB going and gone concern requirements that are being
phased in until the end of 2019 is provided in the “Capital management” section
of our Annual Report 2017, available under “Annual reporting” at
www.ubs.com/investors
.
Capital instruments and TLAC-eligible senior unsecured debt¹
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|
|
|
|
|
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CHF million, except where
indicated
|
|
|
|
Swiss SRB, incl. transitional arrangements
|
Swiss SRB as of 1.1.20
|
|
|
|
|
|
|
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Going concern
|
Gone concern²
|
Going concern
|
Gone concern²
|
|
|
No.
|
Issuer
|
ISIN
|
Issue date
|
Outstanding amount as of 31.3.18
|
Amount recognized
in regulatory capital
as of 31.3.18
|
Amount eligible for
the gone concern requirement
as of 31.3.18
|
Amount recognized
in regulatory capital
as of 31.3.18
|
Amount eligible for
the gone concern requirement
as of 31.3.18
|
Maturity date
|
Optional call date
|
Additional tier 1 capital
|
|
|
|
|
|
|
|
|
|
1
|
UBS Group AG, Switzerland
|
CH0271428317
|
19.02.15
|
USD 1,250
|
1,173
|
|
1,173
|
|
Perpetual
|
19.02.20
|
2
|
UBS Group AG, Switzerland, or employing subsidiaries³
|
|
31.12.14
|
CHF 423
|
423
|
|
423
|
|
Perpetual
|
01.03.20
|
3
|
UBS Group AG, Switzerland, or employing subsidiaries³
|
|
31.12.15
|
CHF 467
|
467
|
|
467
|
|
Perpetual
|
01.03.21
|
4
|
UBS Group AG, Switzerland
|
CH0317921697
|
21.03.16
|
USD 1,500
|
1,378
|
|
1,378
|
|
Perpetual
|
22.03.21
|
5
|
UBS Group AG, Switzerland
|
CH0331455318
|
10.08.16
|
USD 1,100
|
994
|
|
994
|
|
Perpetual
|
10.08.21
|
6
|
UBS Group AG, Switzerland, or employing subsidiaries³
|
|
31.12.16
|
CHF 374
|
374
|
|
374
|
|
Perpetual
|
01.03.22
|
7
|
UBS Group AG, Switzerland, or employing subsidiaries³
|
|
31.12.17
|
CHF 371
|
371
|
|
371
|
|
Perpetual
|
01.03.23
|
8
|
UBS Group AG, Switzerland
|
CH0400441280
|
31.01.18
|
USD 2,000
|
1,892
|
|
1,892
|
|
Perpetual
|
31.01.23
|
9
|
UBS Group AG, Switzerland
|
CH0286864027
|
07.08.15
|
USD 1,575
|
1,462
|
|
1,462
|
|
Perpetual
|
07.08.25
|
Total high-trigger
loss-absorbing additional tier 1 capital
|
|
|
|
8,533
|
|
8,533
|
|
|
|
1
|
UBS Group AG, Switzerland
|
CH0271428309
|
19.02.15
|
EUR 1,000
|
1,189
|
|
1,189
|
|
Perpetual
|
19.02.22
|
2
|
UBS Group AG, Switzerland
|
CH0271428333
|
19.02.15
|
USD 1,250
|
1,153
|
|
1,153
|
|
Perpetual
|
19.02.25
|
Total low-trigger
loss-absorbing additional tier 1 capital⁴
|
|
|
|
2,342
|
|
2,342
|
|
|
|
Total additional tier 1
capital
|
|
|
|
10,875
|
|
10,875
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Tier 2 capital
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|
|
|
|
|
|
|
|
|
1
|
UBS Group AG, Switzerland, or employing subsidiaries³
|
|
31.12.13
|
CHF 429
|
429
|
|
|
0
|
01.03.19
|
|
Total high-trigger
loss-absorbing tier 2 capital⁵
|
|
|
|
429
|
|
|
0
|
|
|
1
|
UBS AG, Switzerland, Stamford branch
|
US90261AAB89
|
17.08.12
|
USD 2,000
|
1,460
|
365
|
|
1,825
|
17.08.22
|
|
2
|
UBS AG, Switzerland
|
CH0214139930
|
22.05.13
|
USD 1,500
|
1,425
|
|
|
1,425
|
22.05.23
|
22.05.18
|
3
|
UBS AG, Switzerland
|
CH0244100266
|
15.05.14
|
USD 2,500
|
2,378
|
|
|
2,378
|
15.05.24
|
|
4
|
UBS AG, Switzerland
|
CH0236733827
|
13.02.14
|
EUR 2,000
|
2,435
|
|
|
2,435
|
12.02.26
|
12.02.21
|
Total low-trigger
loss-absorbing tier 2 capital⁵
|
|
|
|
7,698
|
365
|
|
8,063
|
|
|
1
|
UBS AG, Switzerland, Jersey branch
|
XS0331313055
|
19.11.07
|
GBP 130
|
|
174
|
|
174
|
19.11.24
|
19.11.19
|
2
|
UBS AG, Switzerland, New York branch
|
US870836AC77
|
21.07.95
|
USD 251
|
|
239
|
|
239
|
15.07.25
|
|
3
|
UBS AG, Switzerland, Jersey branch
|
XS0062270581
|
18.12.95
|
GBP 61
|
|
81
|
|
81
|
18.12.25
|
|
4
|
UBS AG, Switzerland, New York branch
|
US870845AC84
|
03.09.96
|
USD 218
|
|
190
|
|
190
|
01.09.26
|
|
Total non-Basel
III-compliant tier 2 capital⁶
|
|
|
|
|
684
|
|
684
|
|
|
Total tier 2 capital
|
|
|
|
8,127
|
1,049
|
|
8,747
|
|
|
Capital instruments and TLAC-eligible senior unsecured debt¹
|
|
|
|
|
|
|
CHF million, except where
indicated
|
|
|
|
Swiss SRB, incl. transitional arrangements
|
Swiss SRB as of 1.1.20
|
|
|
|
|
|
|
|
Going concern
|
Gone concern²
|
Going concern
|
Gone concern²
|
|
|
No.
|
Issuer
|
ISIN
|
Issue date
|
Outstanding amount as of 31.3.18
|
Amount recognized
in regulatory capital
as of 31.3.18
|
Amount eligible for
the gone concern requirement
as of 31.3.18
|
Amount recognized
in regulatory capital
as of 31.3.18
|
Amount eligible for
the gone concern requirement
as of 31.3.18
|
Maturity date
|
Optional call date
|
TLAC-eligible senior
unsecured debt
|
|
|
|
|
|
|
|
|
|
1
|
UBS Group Funding (Switzerland) AG
|
144A: US90351DAA54
RegS: USG91703AA90
|
24.09.15
|
USD 1,500
|
|
1,342
|
|
1,342
|
24.09.20
|
|
2
|
UBS Group Funding (Switzerland) AG
|
144A: US90351DAC11
RegS: USG91703AC56
|
24.09.15
|
USD 300
|
|
286
|
|
286
|
24.09.20
|
|
3
|
UBS Group Funding (Switzerland) AG
|
144A: US90351DAE76
RegS: USG91703AJ00
|
05.04.16
|
USD 1,000
|
|
954
|
|
954
|
14.04.21
|
|
4
|
UBS Group Funding (Switzerland) AG
|
144A: US90351DAD93
RegS: USG91703AH44
|
05.04.16
|
USD 2,000
|
|
1,814
|
|
1,814
|
15.04.21
|
|
5
|
UBS Group Funding (Switzerland) AG
|
144A: US90351DAG25
RegS: USG91703AL55
|
10.08.16
|
USD 500
|
|
469
|
|
469
|
01.02.22
|
|
6
|
UBS Group Funding (Switzerland) AG
|
144A: US90351DAH08
RegS: USG91703AM39
|
10.08.16
|
USD 2,000
|
|
1,801
|
|
1,801
|
01.02.22
|
|
7
|
UBS Group Funding (Switzerland) AG
|
CH0310451841
|
22.02.16
|
CHF 300
|
|
299
|
|
299
|
22.02.22
|
|
8
|
UBS Group Funding (Switzerland) AG
|
CH0359915425
|
20.03.17
|
EUR 1,750
|
|
2,050
|
|
2,050
|
20.09.22
|
20.09.21
|
9
|
UBS Group Funding (Switzerland) AG
|
CH0302790123
|
16.11.15
|
EUR 1,250
|
|
1,482
|
|
1,482
|
16.11.22
|
|
10
|
UBS Group Funding (Switzerland) AG
|
144A: US90352JAA16
RegS: USH4209UAA46
|
23.03.17
|
USD 2,000
|
|
1,853
|
|
1,853
|
23.05.23
|
23.05.22
|
11
|
UBS Group Funding (Switzerland) AG
|
144A: US90352JAB98
RegS: USH4209UAB29
|
23.03.17
|
USD 1,000
|
|
944
|
|
944
|
23.05.23
|
23.05.22
|
12
|
UBS Group Funding (Switzerland) AG
|
144A: US90352JAE38
RegS: USH4209UAG16
|
15.08.17
|
USD 2,000
|
|
1,784
|
|
1,784
|
15.08.23
|
15.08.22
|
13
|
UBS Group Funding (Switzerland) AG
|
144A: US90352JAD54
RegS: USH4209UAF33
|
15.08.17
|
USD 1,250
|
|
1,156
|
|
1,156
|
15.08.23
|
15.08.22
|
14
|
UBS Group Funding (Switzerland) AG
|
CH0314209351
|
04.03.16
|
EUR 750
|
|
870
|
|
870
|
04.03.24
|
|
15
|
UBS Group Funding (Switzerland) AG
|
CH0365501516
|
18.05.17
|
CHF 400
|
|
400
|
|
400
|
18.05.24
|
18.05.23
|
16
|
UBS Group Funding (Switzerland) AG
|
CH0341440334
|
30.11.16
|
EUR 1,250
|
|
1,453
|
|
1,453
|
30.11.24
|
30.11.23
|
17
|
UBS Group Funding (Switzerland) AG
|
144A: US90351DAB38
RegS: USG91703AB73
|
24.09.15
|
USD 2,500
|
|
2,300
|
|
2,300
|
24.09.25
|
|
18
|
UBS Group Funding (Switzerland) AG
|
CH0310451858
|
22.02.16
|
CHF 150
|
|
147
|
|
147
|
23.02.26
|
|
19
|
UBS Group Funding (Switzerland) AG
|
144A: US90351DAF42
RegS: USG91703AK72
|
05.04.16
|
USD 2,000
|
|
1,763
|
|
1,763
|
15.04.26
|
|
20
|
UBS Group Funding (Switzerland) AG
|
CH0336602930
|
01.09.16
|
EUR 1,250
|
|
1,396
|
|
1,396
|
01.09.26
|
01.06.26
|
21
|
UBS Group Funding (Switzerland) AG
|
144A: US90352JAC71
RegS: USH4209UAC02
|
23.03.17
|
USD 2,000
|
|
1,869
|
|
1869
|
23.03.28
|
23.03.27
|
Total TLAC-eligible senior
unsecured debt
|
|
|
|
|
26,431
|
|
26,431
|
|
|
1 Refer to "Capital instruments" under
"Bondholder information" at www.ubs.com/investors for more
information on the key features and the terms and conditions of the capital
instruments included in the above table as of 31 March 2018. Instruments are
listed according to their maturity or optional call date.
2 Instruments available to meet gone concern requirements are eligible
until one year before maturity, with a haircut of 50% applied in the last
year of eligibility. 3 Relates to deferred contingent capital plan
(DCCP) awards. DCCP instruments qualifying as tier 2 capital are eligible for
regulatory capital purposes until 30 December of the year prior to
maturity. 4 Outstanding low-trigger loss-absorbing additional tier 1
capital instruments are available under the transitional rules of the Swiss
SRB framework to meet the going concern requirements until their first call
date, even if the first call date is after 31 December 2019. As of their
first call date, these instruments are eligible to meet the gone concern
requirements. 5 Outstanding high- and low-trigger loss-absorbing tier 2
capital instruments are available under the transitional rules of the Swiss
SRB framework to meet the going concern requirements until the earlier of (i)
their maturity or first call date or (ii) 31 December 2019, and to meet gone
concern requirements thereafter. Outstanding low-trigger loss-absorbing tier
2 capital instruments are subject to amortization starting five years prior
to their maturity, with the amortized portion qualifying as gone concern
loss-absorbing capacity. 6 Non-Basel III-compliant tier 2 capital
instruments qualify as gone concern instruments.
|
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 2018 report and its
Annual Report 2017 for additional information. These reports are available at
www.ubs.com/investors.
Rounding |
Numbers presented
throughout this document may not add up precisely to the totals provided in the
tables and text. Starting in 2018, percentages, percent changes and adjusted
results presented in the tables and text are calculated on the basis of
unrounded figures, with the exception of movement information provided in text
that can be derived from figures displayed in the tables, which is calculated
on a rounded basis. For prior periods, these values are calculated on the basis
of rounded figures displayed in the tables and text.
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 23, 2018
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