Exhibit 25.1
- --------------------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
--------------------------
FORM T-1
STATEMENT OF ELIGIBILITY UNDER
THE TRUST INDENTURE ACT OF 1939 OF A
CORPORATION DESIGNATED TO ACT AS TRUSTEE
Check if an Application to Determine Eligibility of
a Trustee Pursuant to Section 305(b)(2)___
-------------------------
U.S. BANK TRUST NATIONAL ASSOCIATION
(Exact name of Trustee as specified in its charter)
41-1973763
I.R.S. Employer Identification No.
300 EAST DELAWARE AVENUE, 8TH FLOOR
WILMINGTON, DELAWARE 19801
(Address of principal executive offices) (Zip Code)
David Kolibachuk
U.S. Bank Trust National Association
100 Wall Street, Suite 1600
New York, NY 10005
Telephone (212) 361-2459
(Name, address and telephone number of agent for service)
UBS AG
(Exact name of obligor as specified in its charter)
SWITZERLAND 98-0186363
(State or other jurisdiction of (I. R. S. Employer
incorporation or organization) Identification No.)
BAHNHOFSTRASSE 45
ZURICH, SWITZERLAND
(Address of principal executive offices) (Zip Code)
----------
DEBT SECURITIES
- --------------------------------------------------------------------------------
FORM T-1
ITEM 1. GENERAL INFORMATION. Furnish the following information as to the
Trustee.
a) Name and address of each examining or supervising authority to which
it is subject.
Comptroller of the Currency
Washington, D.C.
b) Whether it is authorized to exercise corporate trust powers.
Yes
ITEM 2. AFFILIATIONS WITH OBLIGOR. If the obligor is an affiliate of the
Trustee, describe each such affiliation.
None
ITEMS 3-15 Not applicable because, to the best of Trustee's knowledge, the
Trustee is not a trustee under any other indenture under which any
other securities or certificates of interest or participation in any
other securities of the obligor are outstanding and there is not,
nor has there been, a default with respect to securities issued
under this indenture.
Item 16. LIST OF EXHIBITS: List below all exhibits filed as a part of
this statement of eligibility and qualification.
1. A copy of the Articles of Association of the Trustee now in effect,
incorporated herein by reference to Exhibit 1 of Form T-1, Document
6 of Registration No. 333-84320.
2. A copy of the certificate of authority of the Trustee to commence
business, incorporated herein by reference to Exhibit 2 of Form T-1,
Document 6 of Registration No. 333-84320.
3. A copy of the certificate of authority of the Trustee to exercise
corporate trust powers, incorporated herein by reference to Exhibit
3 of Form T-1, Document 6 of Registration No. 333-84320.
4. A copy of the existing bylaws of the Trustee, as now in effect,
incorporated herein by reference to Exhibit 4 of Form T-1, Document
6 of Registration No. 333-113995.
5. Not applicable.
6. The consent of the Trustee required by Section 321(b) of the Trust
Indenture Act of 1939, incorporated herein by reference to Exhibit 6
of Form T-1, Document 6 of Registration No. 333-84320.
7. Report of Condition of the Trustee as of September 30, 2005,
published pursuant to law or the requirements of its supervising or
examining authority, attached as Exhibit 7.
8. Not applicable.
9. Not applicable.
2
SIGNATURE
Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the
Trustee, U.S. BANK TRUST NATIONAL ASSOCIATION, a national banking association
organized and existing under the laws of the United States of America, has duly
caused this statement of eligibility and qualification to be signed on its
behalf by the undersigned, thereunto duly authorized, all in the City of New
York, State of New York on the 22nd day of March, 2006.
U.S. BANK TRUST NATIONAL ASSOCIATION
By: /s/ David Kolibachuk
Name: David Kolibachuk
Title: Vice President
3
EXHIBIT 7
U.S. BANK TRUST NATIONAL ASSOCIATION
STATEMENT OF FINANCIAL CONDITION
AS OF SEPTEMBER 30, 2005
($000'S)
9/30/2005
---------
ASSETS
Cash and Balances Due From Depository Institutions $411,608
Fixed Assets 171
Intangible Assets 99,614
Other Assets 31,707
--------
TOTAL ASSETS $543,100
LIABILITIES
Other Liabilities $15,800
--------
TOTAL LIABILITIES $15,800
EQUITY
Common and Preferred Stock $1,000
Surplus 505,932
Undivided Profits 20,368
--------
TOTAL EQUITY CAPITAL $527,300
TOTAL LIABILITIES AND EQUITY CAPITAL $543,100
- -------------------------------------------------------------------------
To the best of the undersigned's determination, as of this date the above
financial information is true and correct.
U.S. Bank Trust National Association
By: /s/ David Kolibachuk
Name: David Kolibachuk
Title: Vice President
Date: March 22, 2006
4