Bond Factsheet
UBS 4.703% 05Aug2027 Corp (USD)
UBS Group AG
Indicative
Full Lot
Bid Price 100.076
Change in Bid Price 0.091
Bid Yield (%) -
Change in Bid Yield
-
Ask Price 100.211
Change in Ask Price 0.050
Ask Yield (%) -
Change in Ask Yield
-
Indicative price as of 05 Aug 2026, 12:00am
Bond Issuer
UBS Group AG
Guarantor
-
Announcement Date
01 Aug 2022
Issue Date
05 Aug 2022
Maturity Date
05 Aug 2027
Years to Maturity / Next Call
0.836 / -
Modified Duration
-
Issue / Reoffer Price
100.000
Issue / Reoffer Yield
4.703
Coupon Type
Variable
Annual Coupon Rate
4.703
Coupon Frequency
Semi Annually
Seniority
Senior Unsecured
Capital Structure
Senior Unsecured
Reference Rate
Reset Date: 5 Aug 2026
Reset Rate: 1Y UST + Margin (2.050%)
ISIN
USH42097DK09
CUSIP
BY1909443
Bond Currency
USD
Total Issue Size
1,750,000,000
Min. Investment Quantity (Nominal)
USD 200,000
Incremental Quantity (Nominal)
USD 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
Each Holder and Indirect Holder, by acceptance of any direct or beneficial interest in a Registered Note, consents to any and all necessary action taken, if required, by the Fiscal Agent, DTC or any other Person to implement any such exercise of any Swiss Resolution Power and/or ordering of any Restructuring Protective Measures, without any further action or direction on the part of such Holder or Indirect Holder. In addition, each Holder and Indirect Holder, by acceptance of any direct or beneficial interest in a Registered Note, waives any and all claims against any such Person for, agrees not to initiate a suit against any Person in respect of, and agrees that no such Person shall be liable for, any action that such Person takes or abstains from taking, in either case in accordance with any such exercise. Each Holder and Indirect Holder, by acceptance of any direct or beneficial interest in a Registered Note, further acknowledges and agrees that the Fiscal Agent is acting solely as the agent of the Issuer and does not assume any obligations towards or relationship of agency or trust for or with any Holder or Indirect Holder.
For the avoidance of doubt, this acknowledgement, agreement and consent does not qualify as a waiver of any rights the Holder or Indirect Holder of Notes may retain under the applicable banking regulation pursuant to which any Swiss Resolution Power is exercised.
"Swiss Resolution Power" means any statutory power of the Swiss Resolution Authority that it may exercise during Restructuring Proceedings as set forth in article 28 et seq. of the Swiss Banking Act and article 40 et seq. of the Swiss Banking Insolvency Ordinance, or in any successor Swiss law or regulation or analogous Swiss law or regulation applicable to bank holding companies incorporated under the laws of Switzerland such as UBS Group AG, including, without limitation, the power to
(i) transfer the assets of the entity subject to such Restructuring Proceedings, or portions thereof, together with such entity's debt, other liabilities and contracts, or portions thereof, to another entity,
(ii) stay (for a maximum of two business days) the termination of, or the exercise of (w) rights to terminate, (x) netting rights, (y) rights to enforce or dispose of certain types of collateral or (z) rights to transfer claims, liabilities or certain collateral under, contracts to which the entity subject to such Restructuring Proceedings is a party,
(iii) convert the debt of the entity subject to such Restructuring Proceedings into equity, and/or
(iv) partially or fully write-down the obligations of the entity subject to such Restructuring Proceedings.
Issuer Call
(i) Optional Redemption Date(s): 5 August 2026
(ii) Optional Redemption Amount: US$1,000 per Calculation Amount
(iii) Notice period for notice to the Holders if different from that set out in the General Terms and Conditions: No more than 35 and no less than 15 days' prior notice
Additional Note
The relevant Pricing Supplement indicates whether the Notes are subject to redemption at the option of the Issuer upon the occurrence of an Ineligibility Event (an "Ineligibility Issuer Call"). If the Ineligibility Issuer Call is specified as being applicable in the relevant Pricing Supplement and an Ineligibility Event has occurred and is continuing, then, subject to clause (f) of this Condition 6, the Issuer may elect, in its sole discretion, to redeem the Notes, in whole but not in part, on any Ineligibility Event Redemption Date at the Ineligibility Event Redemption Amount, together with any accrued and unpaid interest thereon to but excluding such Ineligibility Event Redemption Date.
An "Ineligibility Event" will have occurred if as a result of a change in the Capital Adequacy Ordinance and/or FSB TLAC Standard after the Issue Date the Notes cease to be eligible in their entirety to be treated as both (A) debt instruments for loss absorbency in the course of insolvency measures (Schuldinstrumente zur Verlusttragung bei Insolvenzmassnahmen) under the Capital Adequacy Ordinance and (B) External TLAC under the FSB TLAC Standard.
"Capital Adequacy Ordinance" means the Ordinance concerning Capital Adequacy and Risk Diversification for Banks and Securities Dealers, which entered into force on 1 January 2013, as amended from time to time, or any successor Swiss law or regulation.
"External TLAC" means instruments eligible for external TLAC according to the core features of Sections 7 to 14 of the FSB TLAC Term Sheet or any corresponding provisions of any other FSB TLAC Standard.
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