NEW ISSUE: UBS AG London Branch € bmk 6NC5 Sr Unsec; MS+90a
IGC European Market: Deal Flow - General
Issuer
Term
Call
Maturity
Size
Ranking
Type
IPT
UBS AG London Branch
6NC5
5y
Aug-32
bmk
Sr Unsec
Fixed to Floating
MS+90a
IPTs: 6NC5: MS+90a
Issuer: UBS AG, acting through its London branch (UBS)
Issuer rating: Aa2/A+/AA (Moody's/S&P/Fitch)
Issue rating: Aa3/A+/AA (Moody's/S&P/Fitch)
Ranking: Senior Unsecured, Unsubordinated
Form of securities: Reg S (Category 2), Registered
Currency: €
Tranche: 6NC5
Size: € benchmark
Initial Pricing Thoughts: MS+90a
Maturity Date: The Floating Rate Interest Payment Date (as defined below) falling on or nearest to August 2032, subject to adjustment in accordance with the applicable Business Day Convention referred to below
Early Redemption: At the Issuer's option for certain taxation reasons, as more particularly described in Condition 7(b) (Redemption and Purchase – Redemption for Taxation Reasons)
Fixed Rate Interest Payment Dates: 01-Aug in each year, from (and including) 01-Aug-27 (long first coupon) to (and including) the Floating Rate Commencement Date (as defined below)
Floating Rate Commencement Date: 01-Aug-31
Floating Rate Interest Payment Dates: 01-Nov-31, 01-Feb-32, 01-May-32 and 01-Aug-32, subject to adjustment in accordance with the applicable Business Day Convention referred to below
Interest Periods: Each period beginning on (and including) a Floating Rate Interest Payment Date (or, in the case of the first Interest Period, the Floating Rate Commencement Date) and ending on (but excluding) the next succeeding Floating Rate Interest Payment Date
Reference Rate: 3-month EURIBOR
Settlement Date: 01-Jun-26 (T+4)
Day Count Fraction:
Prior to the Floating Rate Commencement Date: Actual/Actual (ICMA)
On and after the Floating Rate Commencement Date: Actual/360
Interest Determination Date: The second Business Day prior to the first day of each Interest Period
Minimum Rate of Interest: Zero per cent. per annum
Documentation: In accordance with the Issuer's Euro Note Programme Base Prospectus dated 13-Jun-25 and as supplemented on 12-Aug-25, 14-Nov-25, 13-Feb-26, 24-Mar-26 and 08-May-26.
Denominations: €200k + €1k
Listing Venue: Euronext Dublin regulated market
Governing Law: English
Clearing: Euroclear/Clearstream
Business Day: T2 Settlement Day
Business Day Convention:
Fixed Rate Interest Payment Dates: Following (Unadjusted)
Floating Rate Interest Payment Dates: Modified Following
Sole Global Coordinator: UBS Investment Bank
Joint Lead Managers (Active): BayernLB, Helaba, IMI – Intesa Sanpaolo, SEB, UBS Investment Bank