Bond Factsheet
UBS 7.000% 30Sep2027 Corp (GBP)
UBS Group AG
Indicative
Full Lot
Bid Price 99.924
Change in Bid Price 0.007
Bid Yield (%) -
Change in Bid Yield
-
Ask Price 100.169
Change in Ask Price 0.011
Ask Yield (%) -
Change in Ask Yield
-
Indicative price as of 30 Sep 2026, 5:18pm
Bond Issuer
UBS Group AG
Guarantor
-
Announcement Date
31 Aug 2022
Issue Date
07 Sep 2022
Maturity Date
30 Sep 2027
Years to Maturity / Next Call
0.995 / -
Modified Duration
-
Issue / Reoffer Price
99.644
Issue / Reoffer Yield
7.108
Coupon Type
Variable
Annual Coupon Rate
7.000
Coupon Frequency
Annually
Seniority
Senior Unsecured
Capital Structure
Senior Unsecured
Reference Rate
Reset Date: 30 Sep 2026
Reset Rate: 1 Year UKT Gilts + Initial Margin (4.200%)
ISIN
CH1211713180
CUSIP
BY7758505
Bond Currency
GBP
Total Issue Size
750,000,000
Min. Investment Quantity (Nominal)
GBP 100,000
Incremental Quantity (Nominal)
GBP 1,000
Bond Type
Corporate
Bond Sector
Financials
Bond Sub Sector
Banks
Issuer Credit Rating (S&P/ Fitch)
***/ A+
Bond Credit Rating (S&P/ Fitch)
***/ A+
Shariah Compliant
No
Exchange Listed
Others
Loss Absorption
By its acquisition of the Notes, each Noteholder acknowledges, agrees to be bound by and consents to the exercise of any Swiss Resolution Power with respect to the Issuer (without prior notice being given by the Swiss Resolution Authority of its decision to exercise such Swiss Resolution Power) that results in the write-down and cancellation and/or conversion into equity of the Issuer of the entire, or a portion of the, principal amount of, and/or accrued interest on, the Notes, irrespective of whether such amounts have already become due and payable prior to the exercise of such action. In addition, by its acquisition of the Notes, each Noteholder acknowledges, agrees to be bound by, and consents to the ordering of, any Restructuring Protective Measures (without prior notice being given by the Swiss Resolution Authority of its decision to order such Restructuring Protective Measures) that result in the deferment of payment of principal and/or interest on the Notes. By its acquisition of the Notes, each Noteholder further acknowledges, agrees and consents that its rights are subject to, and if necessary, will be altered without such Noteholder’s consent, including by means of an amendment or modification to the Conditions so as to give effect to any such exercise of Swiss Resolution Power or any such ordering of Restructuring Protective Measures. Such acknowledgement, agreement and consent does not qualify as a waiver of the rights, procedural or otherwise, existing for creditors generally, and a Noteholder specifically, under the applicable banking regulation pursuant to which any Swiss Resolution Power is exercised.
By its acquisition of the Notes, each Noteholder further automatically and irrevocably waives its right to claim or receive and will not have any rights against the Issuer with respect to repayment of any principal and/or accrued and unpaid interest on the Notes that is written-down and cancelled or converted into equity of the Issuer as a result of the exercise of any Swiss Resolution Power. Following the occurrence of any write-down and cancellation or conversion into equity of the Issuer of all or any portion of the principal and/or interest on the Notes, the aggregate principal amount of the Notes and/or any interest thereon subject to such write-down or conversion will be cancelled and no further principal or interest will be due and payable and no Event of Default (as defined in Condition 8) will thereafter exist with respect to the amount by which such principal amount of the Notes and/or any interest on the Notes is so written-down or converted and cancelled.
No payment of principal or interest under the Notes will become due and payable after the exercise of any Swiss Resolution Power with respect to the Issuer that results in the write-down and cancellation and/or conversion into equity of the Issuer of the entire, or a portion of the, principal amount of, and/or accrued interest on, the Notes or the ordering of any Restructuring Protective Measures that require or result in the deferment of payment of principal and/or interest under the Notes, unless at the time of such payment it would be permitted to be made by the Issuer under the laws and regulations of Switzerland then applicable to the Issuer.
In addition, by its acquisition of the Notes, each Noteholder agrees, subject to applicable law, that it will not be entitled to exercise, claim or plead any right of set-off, compensation or retention or netting arrangement in respect of any amount payable to it by the Issuer in respect of, or arising under or in connection with, the Notes, and to have waived all such rights of set-off, compensation or retention, or in respect of such netting arrangement, whether arising before or during any CSG Restructuring Proceedings or winding up of the Issuer.
Issuer Call
If Issuer Call is specified as being applicable in the applicable Final Terms, subject to Condition 5.8, the Issuer may, having given not less than 10 and not more than 60 days’ (or such other minimum and/or maximum period as may be specified in the applicable Final Terms) notice to the Agent and, in accordance with Condition 11, the Noteholders (which notice will be irrevocable and shall specify the date fixed for redemption and, if any pre-conditions to such redemption are specified in the applicable Final Terms, that such pre-conditions have been met), redeem all or some only of the Notes then outstanding, subject to having obtained the prior approval of the Regulator (as defined in Condition 5.9) if then required under Swiss banking laws applicable to the Issuer from time to time, on any Optional Redemption Date and at the Optional Redemption Amount(s) together, with any interest accrued to (but excluding) the relevant Optional Redemption Date. Any such redemption must be of a principal amount not less than the Minimum Redemption Amount and not more than the Maximum Redemption Amount, in each case as may be specified in the applicable Final Terms.
Optional Redemption Date for Issuer Call: 30 September 2026 (one-time par call; the Notes may be redeemed in whole but not in part).
Optional Redemption Amount for Issuer Call: 100% of principal amount
Redemption at the option of the Issuer upon an Ineligibility Event (Ineligibility Issuer Call)
Subject to Condition 5.8, if Ineligibility Issuer Call is specified as being applicable in the applicable Final Terms and an Ineligibility Event has occurred and is continuing, the Issuer may redeem all or some only of the Notes then outstanding at any time (if the Notes are not Floating Rate Notes) or on any Interest Payment Date (if the Notes are Floating Rate Notes), on giving not less than 10 and not more than 60 days’ (or such other minimum and/or maximum period as may be specified in the applicable Final Terms) notice to the Agent and, in accordance with Condition 11, the Noteholders (which notice will be irrevocable), subject to having obtained the prior approval of the Regulator (as defined in Condition 5.9) if then required under Swiss banking laws applicable to the Issuer from time to time. Any such redemption must be of a principal amount not less than the Minimum Redemption Amount and not more than the Maximum Redemption Amount, in each case as may be specified in the applicable Final Terms.
Notes redeemed pursuant to this Condition 5.5 will be redeemed at the Early Redemption Amount (as defined in Condition 5.7) together with any interest accrued to (but excluding) the date of redemption.
In the Conditions:
an Ineligibility Event is deemed to have occurred if a change in the Capital Adequacy Ordinance and/or FSB TLAC Standard occurs after the Issue Date having the effect that the entire principal amount of the Notes ceases to be eligible to be treated as both (i) debt instruments for loss absorbency in the course of insolvency measures (Schuldinstrumente zur Verlusttragung bei Insolvenzmassnahmen) under the Capital Adequacy Ordinance and (ii) External TLAC under the FSB TLAC Standard
Optional Redemption Amount for Ineligibility Issuer Call: 100% of principal amount
Make Whole Call
If Make-Whole Redemption is specified as being applicable in the applicable Final Terms, subject to Condition 5.8, the Issuer may, having given not less than 10 and not more than 60 days’ (or such other minimum and/or maximum period as may be specified in the applicable Final Terms) notice to the Agent and, in accordance with Condition 11, the Noteholders (which notice will be irrevocable and shall specify the date fixed for redemption and, if any pre-conditions to such redemption are specified in the applicable Final Terms, that such pre-conditions have been met), redeem all or some only of the Notes then outstanding, subject to having obtained the prior approval of the Regulator (as defined in Condition 5.9) if then required under Swiss banking laws applicable to the Issuer from time to time, on any Make-Whole Redemption Date and at the Make-Whole Redemption Amount together with any interest accrued to (but excluding) the relevant Make-Whole Redemption Date. Any such redemption must be of a principal amount not less than the Minimum Redemption Amount and not more than the Maximum Redemption Amount, in each case as may be specified in the applicable Final Terms.
For purposes of this Condition 5.4, the Make-Whole Redemption Amount means in respect of any Note to be redeemed pursuant to this Condition 5.4, (a) the outstanding principal amount of that Note or (b) if higher, the aggregate present value, as determined by the Calculation Agent, of the remaining scheduled payments of principal and interest on that Note (not including any portion of such payments of interest accrued to the relevant Make-Whole Redemption Date) discounted to the relevant Make-Whole Redemption Date at the Reinvestment Rate (as determined by the Calculation Agent on the Reinvestment Rate Determination Date) on the basis of the same frequency and by reference to the same day count fraction as is applicable to such payments on the Reference Bond,
where:
Reference Bond(s) means the security or securities specified as such in the applicable Final Terms or, if no such securities are so specified, the security or securities, as selected by the Calculation Agent, that would be utilised, as at the Reinvestment Rate Determination Date and in accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the remaining term of the Notes;
Reinvestment Rate means, with respect to any Make-Whole Redemption Date, (i) the rate per annum equal to the equivalent yield to maturity of the Reference Bond or, if there is more than one Reference Bond, the arithmetic average of the equivalent yields to maturity of the Reference Bonds, interpolated on a straight-line basis in accordance with customary financial practice, calculated on the Reinvestment Rate Determination Date using a price for each Reference Bond (expressed as a percentage of the principal amount of the Reference Bond(s)) equal to its Reference Bond Price for such Make-Whole Redemption Date, plus (ii) the Reinvestment Margin.
Optional Redemption Date for Make-Whole Redemption: At any time
Make-Whole Spread: 65bps (vs. Benchmark)
Additional Note
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