UBS 5.000% Perpetual Corp (USD)

Bond Factsheet

Matured/ Called

UBS Group AG

Indicative

Full Lot

Bid Price

99.989

Change in Bid Price

Bid Yield (%)

4.923 %

Change in Bid Yield

Ask Price

99.989

Change in Ask Price

Ask Yield (%)

4.923 %

Change in Ask Yield

Indicative price as of 04 Apr 2023, 12:00am

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Bond Information

UBS Group AG provides financial services to private, corporate, and institutional clients. The Company offers investment, retail, and corporate and institutional banking, as well as holistic wealth management planning and asset management services. UBS Group also offers securities services such as fund administration and third-party fund management.

Bond Issuer

UBS Group AG

Guarantor

Announcement Date

24 Jan 2018

Issue Date

31 Jan 2018

Maturity Date

Perpetual

Years to Maturity / Next Call

Perpetual / 0.329

Modified Duration

Issue / Reoffer Price

Issue / Reoffer Yield

Coupon Type

Variable

Annual Coupon Rate

5.000

Coupon Frequency

Annually

Seniority

Junior Subordinated

Capital Structure

Junior Subordinated

Reference Rate

Reset Date: 31 Jan 2023 and every 5 years thereafter
Reset Rate: US 5Y Mid Market Swap Rate + Margin (2.432%)

ISIN

CH0400441280

CUSIP

AQ9022791

Bond Currency

USD

Total Issue Size

2,000,000,000

Min. Investment Quantity (Nominal)

USD 200,000

Incremental Quantity (Nominal)

USD 1,000

Bond Type

High Yield Corporate

Bond Sector

Financials

Bond Sub Sector

Banks

Issuer Credit Rating (S&P/ Fitch)

***/ A+

Bond Credit Rating (S&P/ Fitch)

***/ BBB

Shariah Compliant

Exchange Listed

Others

Bond Feature(s)

Loss Absorption

Contingent Write-down

If the Issuer has given a Write-down Notice in accordance with this Condition 7, then on the relevant Write-down Date,

(i) the full principal amount of, and any accrued and unpaid interest (whether or not due and payable) on, each Note will automatically be written down to zero, the Notes will be cancelled and all references to the principal amount of the Notes in these Terms and Conditions will be construed accordingly;

(ii) the Holders will be automatically deemed to have irrevocably waived their right to receive, and will no longer have any rights against the Issuer with respect to, repayment of the aggregate principal amount of, and payment of any accrued and unpaid interest on, the Notes written down pursuant to subclause (i) of this clause (d) (bedingter Forderungsverzicht); and

(iii) all rights of any Holder for payment of any amounts under or in respect of the Notes (including, without limitation, any amounts arising as a result of, or due and payable upon the occurrence of, an Event of Default) will become null and void, irrespective of whether such amounts have become due and payable prior to the relevant Write-down Notice Date or the Write-down Date.

Deferral Interest Payment

Non-Cumulative Deferral

Payments of interest on the Notes are not cumulative. Notwithstanding any other provision in these Terms and Conditions, the cancellation or non-payment of any interest amount by virtue of this Condition 5(j) will not constitute a default for any purpose (including, without limitation, Condition 11 (Events of Default) on the part of the Issuer. Any interest payment not paid by virtue of this Condition 5(j) will not accumulate or be payable at any time thereafter, and Holders will have no right thereto.

Dividend Stopper

If, on any Interest Payment Date, any payment of interest scheduled to be made on such date is not made in full pursuant to subclause (j)(i) or subclause (j)(ii) of this Condition 5, UBS Group AG shall not, directly or indirectly,

(A) recommend to holders of Ordinary Shares that any dividend or other distribution in cash or in kind (other than in the form of Ordinary Shares) be paid or made on any Ordinary Shares; and

(B) redeem, purchase or otherwise acquire any Ordinary Shares other than as a Permitted Transaction,

in each case unless and until (x) the interest payment due and payable on the Notes on any subsequent Interest Payment Date has been paid in full (or an amount equal to the same has been paid in full to a designated third party trust account for the benefit of the Holders prior to payment by the trustee thereof to the Holders on such subsequent Interest Payment Date) or, if earlier, (y) all outstanding Notes have been cancelled in accordance with these Terms and Conditions.

Issuer Call

Subject to clause (e) of this Condition 6, the Issuer may elect, in its sole discretion, to redeem the Notes, in whole but not in part, on the First Call Date or on any other Interest Payment Date thereafter at their aggregate principal amount, together with any accrued and unpaid interest thereon to (but excluding) the First Call Date or such other Interest Payment Date, as applicable.

"First Call Date" means 31 January 2023.

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