6k.ubsgroupag.ci.info

 

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: January 22, 2019

 

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 registrants file or will file annual reports under cover of Form 20‑F or Form 40-F.

 

Form 20-F                         Form 40-F 

 


 

This Form 6-K consists of the 4Q18 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

Fourth 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 December 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

 

 

 

 

 

 

 

 

 

 

 

 

  

1 


 

Capital instruments and TLAC-eligible senior unsecured debt as of 31 December 2018¹

USD 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 31.12.18

Amount recognized

in regulatory capital

as of 31.12.18

Amount eligible for

the gone concern requirement

as of 31.12.18

Amount recognized

in regulatory capital

as of 31.12.18

Amount eligible for

the gone concern requirement

as of 31.12.18

Maturity date

Optional call date

Additional tier 1 capital

 

 

 

 

 

 

 

 

 

1

UBS Group Funding (Switzerland) AG³

CH0271428317

19.02.15

USD 1,250

1,235

 

1,235

 

Perpetual

19.02.20

2

UBS Group AG, Switzerland, or employing subsidiaries⁴

 

31.12.14

USD 421

421

 

421

 

Perpetual

01.03.20

3

UBS Group AG, Switzerland, or employing subsidiaries⁴

 

31.12.15

USD 466

466

 

466

 

Perpetual

01.03.21

4

UBS Group Funding (Switzerland) AG³

CH0317921697

21.03.16

USD 1,500

1,454

 

1,454

 

Perpetual

22.03.21

5

UBS Group Funding (Switzerland) AG³

CH0331455318

10.08.16

USD 1,100

1,053

 

1,053

 

Perpetual

10.08.21

6

UBS Group AG, Switzerland, or employing subsidiaries⁴

 

31.12.16

USD 372

372

 

372

 

Perpetual

01.03.22

7

UBS Group Funding (Switzerland) AG³

CH0400441280

31.01.18

USD 2,000

1,984

 

1,984

 

Perpetual

31.01.23

8

UBS Group AG, Switzerland, or employing subsidiaries⁴

 

31.12.17

USD 370

370

 

370

 

Perpetual

01.03.23

9

UBS Group Funding (Switzerland) AG³

CH0447353704

28.11.18

SGD 700

520

 

520

 

Perpetual

28.11.23

10

UBS Group Funding (Switzerland) AG³

CH0286864027

07.08.15

USD 1,575

1,540

 

1,540

 

Perpetual

07.08.25

11

UBS Group AG, Switzerland, or employing subsidiaries⁴

 

31.12.18

USD 376

376

 

376

 

Perpetual

01.03.24

Total high-trigger loss-absorbing additional tier 1 capital

 

 

 

9,790

 

9,790

 

 

 

1

UBS Group Funding (Switzerland) AG³

CH0271428309

19.02.15

EUR 1,000

1,162

 

1,162

 

Perpetual

19.02.22

2

UBS Group Funding (Switzerland) AG³

CH0271428333

19.02.15

USD 1,250

1,207

 

1,207

 

Perpetual

19.02.25

Total low-trigger loss-absorbing additional tier 1 capital⁵

 

 

 

2,369

 

2,369

 

 

 

Total additional tier 1 capital

 

 

 

12,160

 

12,160

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tier 2 capital

 

 

 

 

 

 

 

 

 

1

UBS Group AG, Switzerland, or employing subsidiaries⁴

 

31.12.13

USD 431

0

 

 

0

01.03.19

 

Total high-trigger loss-absorbing tier 2 capital⁶

 

 

 

0

 

 

0

 

 

1

UBS AG, Switzerland, Stamford branch

US90261AAB89

17.08.12

USD 2,000

1,156

771

 

1,927

17.08.22

 

2

UBS AG, Switzerland

CH0244100266

15.05.14

USD 2,500

2,492

 

 

2,492

15.05.24

 

3

UBS AG, Switzerland

CH0236733827

13.02.14

EUR 2,000

2,359

 

 

2,359

12.02.26

12.02.21

Total low-trigger loss-absorbing tier 2 capital⁶

 

 

 

6,008

771

 

6,779

 

 

1

UBS AG, Switzerland, Jersey branch

XS0331313055

19.11.07

GBP 130

 

166

 

166

19.11.24

19.11.19

2

UBS AG, Switzerland, New York branch

US870836AC77

21.07.95

USD 251

 

250

 

250

15.07.25

 

3

UBS AG, Switzerland, Jersey branch

XS0062270581

18.12.95

GBP 61

 

78

 

78

18.12.25

 

4

UBS AG, Switzerland, New York branch

US870845AC84

03.09.96

USD 218

 

199

 

199

01.09.26

 

Total non-Basel III-compliant tier 2 capital⁷

 

 

 

 

693

 

693

 

 

 

2 


 

Capital instruments and TLAC-eligible senior unsecured debt as of 31 December 2018¹

USD 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 31.12.18

Amount recognized

in regulatory capital

as of 31.12.18

Amount eligible for

the gone concern requirement

as of 31.12.18

Amount recognized

in regulatory capital

as of 31.12.18

Amount eligible for

the gone concern requirement

as of 31.12.18

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

 

733

 

733

24.09.20

 

2

UBS Group Funding (Switzerland) AG

144A: US90351DAC11

RegS: USG91703AC56

24.09.15

USD 300

 

150

 

150

24.09.20

 

3

UBS Group Funding (Switzerland) AG

144A: US90351DAE76

RegS: USG91703AJ00

05.04.16

USD 1,000

 

998

 

998

14.04.21

 

4

UBS Group Funding (Switzerland) AG

144A: US90351DAD93

RegS: USG91703AH44

05.04.16

USD 2,000

 

1,939

 

1,939

15.04.21

 

5

UBS Group Funding (Switzerland) AG

144A: US90351DAG25

RegS: USG91703AL55

10.08.16

USD 500

 

502

 

502

01.02.22

 

6

UBS Group Funding (Switzerland) AG

144A: US90351DAH08

RegS: USG91703AM39

10.08.16

USD 2,000

 

1,902

 

1,902

01.02.22

 

7

UBS Group Funding (Switzerland) AG

CH0310451841

22.02.16

CHF 300

 

306

 

306

22.02.22

 

8

UBS Group Funding (Switzerland) AG

CH0359915425

20.03.17

EUR 1,750

 

2,004

 

2,004

20.09.22

20.09.21

9

UBS Group Funding (Switzerland) AG

CH0302790123

16.11.15

EUR 1,250

 

1,458

 

1,458

16.11.22

 

10

UBS Group Funding (Switzerland) AG

144A: US90352JAA16

RegS: USH4209UAA46

23.03.17

USD 2,000

 

1,949

 

1,949

23.05.23

23.05.22

11

UBS Group Funding (Switzerland) AG

144A: US90352JAB98

RegS: USH4209UAB29

23.03.17

USD 1,000

 

977

 

977

23.05.23

23.05.22

12

UBS Group Funding (Switzerland) AG

144A: US90352JAE38

RegS: USH4209UAG16

15.08.17

USD 2,000

 

1,945

 

1,945

15.08.23

15.08.22

13

UBS Group Funding (Switzerland) AG

144A: US90352JAD54

RegS: USH4209UAF33

15.08.17

USD 1,250

 

1,202

 

1,202

15.08.23

15.08.22

14

UBS Group Funding (Switzerland) AG

CH0314209351

04.03.16

EUR 750

 

860

 

860

04.03.24

 

15

UBS Group Funding (Switzerland) AG

CH0365501516

18.05.17

CHF 400

 

412

 

412

18.05.24

18.05.23

16

UBS Group Funding (Switzerland) AG

CH0445624981

09.11.18

JPY 130,000

 

1,190

 

1,190

08.11.24

08.11.23

17

UBS Group Funding (Switzerland) AG

CH0341440334

30.11.16

EUR 1,250

 

1,439

 

1,439

30.11.24

30.11.23

18

UBS Group Funding (Switzerland) AG

CH0409606354

17.04.18

EUR 1,750

 

2,030

 

2,030

17.04.25

17.04.24

19

UBS Group Funding (Switzerland) AG

144A: US90351DAB38

RegS: USG91703AB73

24.09.15

USD 2,500

 

2,426

 

2,426

24.09.25

 

20

UBS Group Funding (Switzerland) AG

CH0310451858

22.02.16

CHF 150

 

152

 

152

23.02.26

 

21

UBS Group Funding (Switzerland) AG

144A: US90351DAF42

RegS: USG91703AK72

05.04.16

USD 2,000

 

1,866

 

1,866

15.04.26

 

22

UBS Group Funding (Switzerland) AG

CH0336602930

01.09.16

EUR 1,250

 

1,395

 

1,395

01.09.26

01.06.26

23

UBS Group Funding (Switzerland) AG

144A: US90352JAC71

RegS: USH4209UAC02

23.03.17

USD 2,000

 

1,969

 

1,969

23.03.28

23.03.27

24

UBS Group Funding (Switzerland) AG

CH0445624999

09.11.18

JPY 20,000

 

184

 

184

09.11.28

09.11.27

Total TLAC-eligible senior unsecured debt

 

 

 

 

29,988

 

29,988

 

 

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 December 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 Originally issued by UBS Group AG, Switzerland and transferred in May 2018 to UBS Group Funding (Switzerland) AG as issuer.    4 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.    5 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.    6 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.    7 Non-Basel III-compliant tier 2 capital instruments qualify as gone concern instruments.   

3 


 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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 fourth 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 report may not add up precisely to the totals provided in the tables and text. Starting in 2018, percentages, absolute and percent changes, and adjusted results 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.

 

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.

  

4 


 

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:  January 22, 2019