瑞银集团CoCo新债UBS 7.125 12/29/49的条款概要（英文）

▶ Instrument: Perpetual subordinated contingent permanent write down securities ▶ Expected ratings (M/S/F): --/BB+/BB+ (BBB- from Scope Ratings) ▶ Listing: SIX Swiss Exchange ▶ Format: Reg S ▶ Size: USD 1b ▶ Interest rate reset: On 1st call date and every 5 years thereafter ▶ Interest payments: Interest payments are fully discretionary and non-cumulative ▶ Contractual dividend stopper: If any interest payment is cancelled, UBS Group AG shall not: ● Recommend a dividend on its ordinary shares (other than a dividend in kind paid in ordinary shares) or; ● Redeem, purchase or otherwise acquire ordinary shares (with Permitted Exclusions) ▶ Redemption (Subject to FINMA anytime, in whole and not in part upon the occurrence of a tax approval) Event or a Regulatory Event. ● A regulatory event is applicable if the notes cease to be eligible in full as AT1 and/or counted towards either the going-concern LR requirement or the going-concern RWA requirement, or both on the first call date and any interest payment date thereafter at par at the option of the issuer, provided that the remaining capital still satisfies the requirements of national regulations ▶ Substitution and amendment: Upon the occurrence of a tax event, regulatory event or alignment event the notes may be amended so that remain or become, or substituted for, compliant securities. Compliant Securities must have economic terms which are not materially less favourable to a holder than these terms and conditions ▶ Contingent write-down: Earlier of ● the trigger CET1 capital ratio is less than 7% (subject to higher trigger capital, if any, also absorbing losses first), or ● Upon the occurrence of a viability event upon a contingent write-down the full principal amount of the notes (including accrued interest thereon) will automatically and permanently be written-down to zero on the write-down date ▶ Viability event: Earlier of ● FINMA notifies the issuer that a write-down is necessary to avoid bankruptcy or insolvency, or ● the issuer has received an irrevocable commitment of extraordinary support from the public sector without which it would have become insolvent or bankrupt (in FINMA’s opinion)