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 27, 2021
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.
Form 20-F x Form 40-F o
This Form 6-K consists of the 1Q21 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 2021
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 2021.
Information on the Swiss SRB capital framework and on Swiss SRB going and gone concern requirements is provided in the “Capital management” section of our Annual Report 2020, which is available under “Annual reporting” at ubs.com/investors.
1
Capital instruments and TLAC-eligible senior unsecured debt as of 31 March 20211 | ||||||||
USD million, except where indicated |
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|
| Swiss SRB |
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| ||
|
|
|
|
| Going concern | Gone concern2 |
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|
No. | Issuer | ISIN | Issue date | Outstanding amount as of 31.3.21 (million) | Amount recognized in regulatory capital as of 31.3.21 | Amount eligible for the gone concern requirement as of 31.3.21 | Maturity date | First optional call date |
Additional tier 1 capital |
|
|
|
|
|
|
| |
1 | UBS Group AG | CH0331455318 | 10.08.16 | USD 1,100 | 1,104 |
| Perpetual | 10.08.21 |
2 | UBS Group AG, Switzerland, or employing subsidiaries3 |
| 31.12.16 | USD 345 | 345 |
| Perpetual | 01.03.22 |
3 | UBS Group AG | CH0400441280 | 31.01.18 | USD 2,000 | 2,077 |
| Perpetual | 31.01.23 |
4 | UBS Group AG, Switzerland, or employing subsidiaries3 |
| 31.12.17 | USD 341 | 341 |
| Perpetual | 01.03.23 |
5 | UBS Group AG | CH0447353704 | 28.11.18 | SGD 700 | 542 |
| Perpetual | 28.11.23 |
6 | UBS Group AG | 144A: US90352JAF03 RegS: USH4209UAT37 | 31.01.19 | USD 2,500 | 2,650 |
| Perpetual | 31.01.24 |
7 | UBS Group AG, Switzerland, or employing subsidiaries3 |
| 31.12.18 | USD 374 | 374 |
| Perpetual | 01.03.24 |
8 | UBS Group AG | CH0488506673 | 27.08.19 | AUD 700 | 537 |
| Perpetual | 27.08.24 |
9 | UBS Group AG | CH0495570928 | 04.09.19 | SGD 750 | 569 |
| Perpetual | 04.09.24 |
10 | UBS Group AG, Switzerland, or employing subsidiaries3 |
| 21.02.20 | USD 303 | 303 |
| Perpetual | 01.03.25 |
11 | UBS Group AG | CH0286864027 | 07.08.15 | USD 1,575 | 1,673 |
| Perpetual | 07.08.25 |
12 | UBS Group AG | CH0506668869 | 13.11.19 | CHF 275 | 289 |
| Perpetual | 13.11.25 |
13 | UBS Group AG | CH0558521263 | 29.07.20 | USD 750 | 720 |
| Perpetual | 29.07.26 |
14 | UBS Group AG, Switzerland, or employing subsidiaries3 |
| 21.02.21 | USD 426 | 426 |
| Perpetual | 01.03.26 |
15 | UBS Group AG | 144A: US902613AD01 RegS: USH42097CB19 | 10.02.21 | USD 1,500 | 1,413 |
| Perpetual | 10.02.31 |
Total high-trigger loss-absorbing additional tier 1 capital |
|
|
| 13,361 |
|
|
| |
1 | UBS Group AG | CH0271428309 | 19.02.15 | EUR 1,000 | 1,184 |
| Perpetual | 19.02.22 |
2 | UBS Group AG | CH0271428333 | 19.02.15 | USD 1,250 | 1,317 |
| Perpetual | 19.02.25 |
Total low-trigger loss-absorbing additional tier 1 capital4 |
|
|
| 2,501 |
|
|
| |
Total additional tier 1 capital |
|
|
| 15,862 |
|
|
| |
|
|
|
|
|
|
|
|
|
Tier 2 capital |
|
|
|
|
|
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| |
1 | UBS AG, Stamford branch | US90261AAB89 | 17.08.12 | USD 2,000 |
| 2,045 | 17.08.22 |
|
2 | UBS AG | CH0244100266 | 15.05.14 | USD 2,500 |
| 2,664 | 15.05.24 |
|
Total low-trigger loss-absorbing tier 2 capital |
|
|
|
| 4,709 |
|
| |
1 | UBS AG, Stamford branch | US870836AC77 | 21.07.95 | USD 251 |
| 252 | 15.07.25 |
|
2 | UBS AG, Jersey branch | XS0062270581 | 18.12.95 | GBP 61 |
| 85 | 18.12.25 |
|
3 | UBS AG, Stamford branch | US870845AC84 | 03.09.96 | USD 218 |
| 207 | 01.09.26 |
|
Total non-Basel III-compliant tier 2 capital5 |
|
|
|
| 544 |
|
| |
Total tier 2 capital |
|
|
|
| 5,253 |
|
| |
2
Capital instruments and TLAC-eligible senior unsecured debt as of 31 March 20211 | ||||||||
USD million, except where indicated |
|
|
| Swiss SRB |
|
| ||
|
|
|
|
| Going concern | Gone concern2 |
|
|
No. | Issuer | ISIN | Issue date | Outstanding amount as of 31.3.21 (million) | Amount recognized in regulatory capital as of 31.3.21 | Amount eligible for the gone concern requirement as of 31.3.21 | Maturity date | First optional call date |
TLAC-eligible senior unsecured debt |
|
|
|
|
|
|
| |
1 | UBS Group AG | 144A: US90351DAE76 RegS: USG91703AJ00 | 05.04.16 | USD 1,000 |
| 0 | 14.04.21 |
|
2 | UBS Group AG | 144A: US90351DAD93 RegS: USG91703AH44 | 05.04.16 | USD 1,8506 |
| 0 | 15.04.21 |
|
3 | UBS Group AG | 144A: US90351DAG25 RegS: USG91703AL55 | 10.08.16 | USD 500 |
| 0 | 01.02.22 |
|
4 | UBS Group AG | 144A: US90351DAH08 RegS: USG91703AM39 | 10.08.16 | USD 2,000 |
| 0 | 01.02.22 |
|
5 | UBS Group AG | CH0310451841 | 22.02.16 | CHF 300 |
| 0 | 22.02.22 |
|
6 | UBS Group AG | CH0359915425 | 20.03.17 | EUR 1,750 |
| 2,050 | 20.09.22 | 20.09.21 |
7 | UBS Group AG | CH0302790123 | 16.11.15 | EUR 1,250 |
| 1,491 | 16.11.22 |
|
8 | UBS Group AG | 144A: US90352JAA16 RegS: USH4209UAA46 | 23.03.17 | USD 2,000 |
| 2,026 | 23.05.23 | 23.05.22 |
9 | UBS Group AG | 144A: US90352JAB98 RegS: USH4209UAB29 | 23.03.17 | USD 1,000 |
| 1,001 | 23.05.23 | 23.05.22 |
10 | UBS Group AG | 144A: US90352JAE38 RegS: USH4209UAG16 | 15.08.17 | USD 2,000 |
| 2,029 | 15.08.23 | 15.08.22 |
11 | UBS Group AG | 144A: US90352JAD54 RegS: USH4209UAF33 | 15.08.17 | USD 1,250 |
| 1,240 | 15.08.23 | 15.08.22 |
12 | UBS Group AG | CH0314209351 | 04.03.16 | EUR 750 |
| 900 | 04.03.24 |
|
13 | UBS Group AG | CH0365501516 | 18.05.17 | CHF 400 |
| 424 | 18.05.24 | 18.05.23 |
14 | UBS Group AG | CH0445624981 | 09.11.18 | JPY 130,000 |
| 1,177 | 08.11.24 | 08.11.23 |
15 | UBS Group AG | CH0341440334 | 30.11.16 | EUR 1,250 |
| 1,495 | 30.11.24 | 30.11.23 |
16 | UBS Group AG | CH0459297435 | 30.01.19 | CHF 400 |
| 429 | 30.01.25 | 30.01.24 |
17 | UBS Group AG | CH0409606354 | 17.04.18 | EUR 1,750 |
| 2,111 | 17.04.25 | 17.04.24 |
18 | UBS Group AG | 144A: US90351DAB38 RegS: USG91703AB73 | 24.09.15 | USD 2,500 |
| 2,650 | 24.09.25 |
|
19 | UBS Group AG | CH0520042489 | 29.01.20 | EUR 1,500 |
| 1,753 | 29.01.26 | 29.01.25 |
20 | UBS Group AG | CH0310451858 | 22.02.16 | CHF 150 |
| 162 | 23.02.26 |
|
21 | UBS Group AG | 144A: US90351DAF42 RegS: USG91703AK72 | 05.04.16 | USD 2,000 |
| 2,066 | 15.04.26 |
|
22 | UBS Group AG | CH0336602930 | 01.09.16 | EUR 1,250 |
| 1,502 | 01.09.26 | 01.06.26 |
3
Capital instruments and TLAC-eligible senior unsecured debt as of 31 March 20211 | ||||||||
USD million, except where indicated |
|
|
| Swiss SRB |
|
| ||
|
|
|
|
| Going concern | Gone concern2 |
|
|
No. | Issuer | ISIN | Issue date | Outstanding amount as of 31.3.21 (million) | Amount recognized in regulatory capital as of 31.3.21 | Amount eligible for the gone concern requirement as of 31.3.21 | Maturity date | First optional call date |
23 | UBS Group AG | 144A: US90352JAC71 RegS: USH4209UAC02 | 23.03.17 | USD 2,000 |
| 2,147 | 23.03.28 | 23.03.27 |
24 | UBS Group AG | CH0445624999 | 09.11.18 | JPY 20,000 |
| 183 | 09.11.28 | 09.11.27 |
25 | UBS Group AG | 144A: US902613AA61 RegS: USH42097AZ05 | 13.08.19 | USD 1,500 |
| 1,507 | 13.08.30 | 13.08.29 |
27 | UBS Group AG | CH0506668844 | 04.11.19 | USD 147.57 |
| 136 8 | 04.11.49 | 04.11.22 |
28 | UBS Group AG | CH0521617321 | 04.03.20 | USD 124.67 |
| 117 8 | 04.03.50 | 04.03.25 |
29 | UBS Group AG | CH0535271214 | 14.04.20 | USD 207.77 |
| 163 8 | 14.04.50 | 14.04.25 |
30 | UBS Group AG | CH0547243250 | 22.05.20 | USD 103.07 |
| 78 8 | 22.05.50 | 22.05.25 |
31 | UBS Group AG | CH0543827189 | 27.05.20 | USD 514.77 |
| 397 8 | 27.05.50 | 27.05.25 |
32 | UBS Group AG | 144A: US902613AB45 RegS: USH42097BS52 | 30.07.20 | USD 1,300 |
| 1,296 | 30.07.24 | 30.07.23 |
33 | UBS Group AG | 144A: US902613AC28 RegS: USH42097BT36 | 30.07.20 | USD 1,300 |
| 1,262 | 30.01.27 | 30.01.26 |
34 | UBS Group AG | CH0558521271 | 18.08.20 | AUD 36.67 |
| 23 8 | 18.08.35 | 18.08.30 |
35 | UBS Group AG | CH0561923860 | 22.09.20 | USD 55.87 |
| 44 8 | 22.09.50 | 22.09.23 |
36 | UBS Group AG | CH0576402181 | 05.11.20 | EUR 1,500 |
| 1,721 | 05.11.28 | 05.11.27 |
37 | UBS Group AG | CH0579132942 | 24.11.20 | USD 40 |
| 37 8 | 24.11.35 | 24.11.23 |
38 | UBS Group AG | CH0581183594 | 03.12.20 | AUD 45 |
| 30 8 | 03.12.35 | 03.12.23 |
39 | UBS Group AG | CH0587372951 | 12.01.21 | USD 100.67 |
| 85 8 | 12.01.51 | 12.01.26 |
40 | UBS Group AG | CH0588488863 | 29.01.21 | USD 331.57 |
| 288 8 | 29.01.51 | 29.01.26 |
41 | UBS Group AG | 144A: US902613AE83 RegS: USH42097CC91 | 11.02.21 | USD 2,000 |
| 1,861 | 11.02.32 | 11.02.31 |
42 | UBS Group AG | CH0595205490 | 26.02.21 | USD 170.57 |
| 154 8 | 26.02.51 | 26.02.26 |
43 | UBS Group AG | CH0595205508 | 26.02.21 | AUD 90.27 |
| 62 8 | 26.02.51 | 26.02.26 |
44 | UBS Group AG | CH0595205524 | 24.02.21 | EUR 1,000 |
| 1,160 | 24.02.28 |
|
45 | UBS Group AG | CH0595205532 | 24.02.21 | EUR 1,250 |
| 1,429 | 24.02.33 |
|
46 | UBS Group AG | CH0598928718 | 24.02.21 | CHF 360 |
| 381 | 24.08.29 | 24.08.28 |
47 | UBS Group AG | US902613AF58 | 25.02.21 | USD 25 |
| 24 8 | 25.02.36 | 25.02.24 |
48 | UBS Group AG | CH0598928734 | 04.03.21 | USD 40 |
| 39 8 | 04.03.36 | 04.03.24 |
Total TLAC-eligible senior unsecured debt |
|
|
|
| 39,129 |
|
| |
1 Refer to “Capital and total loss-absorbing capacity instruments” under “Bondholder information” at 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 and optional call date, if applicable. 2 Instruments available to meet gone concern requirements remain eligible until one year before maturity. 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 Nominal reduced to USD 1.85 billion following a partial cancellation of USD 0.15 billion of the original USD 2 billion notional amount announced on 8 December 2020. 7 Information corresponds to the amortized face amount as of 31 March 2021, and therefore includes the applicable accrual yield. 8 The eligible amounts presented are adjusted for own credit related gains / losses. | ||||||||
4
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 2021 report and its Annual Report 2020 for additional information. These reports are available at 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.
5
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 Camp
Title: Executive Director
Date: April 27, 2021
