Commentary & Deal Flow

UBS Group AG (UBS) exp A2/A-/A+ US$6bn 144A/Reg S 3-pt sr unsec notes (L5NC4 FTF due 10/11/31, 8NC7 FTF due 09/11/34 and 21NC20 FTF due 09/11/47). 1yr par call (10/11/30 on L5NC4, 09/11/33 on 8NC7 and 09/11/46 on 21NC20). UBS (B&D) sole books. Special Redemption: At the Issuer's option, at par upon a Tax Event or an Ineligibility Event, as more particularly described in Condition 6(b) (Redemption and Purchase – Early Redemption due to a Tax Event) and Condition 6(e) (Redemption and Purchase – Early Redemption due to Ineligibility Event) in the General Terms and Conditions in the Base Prospectus (as defined below) (the "General Terms and Conditions"). The Early Redemption Date being any Business Day following the Tax Event or Ineligibility Event, as applicable, subject to the Issuer giving not less than 10 and not more than 35 days' prior notice. First pay: 04/11/27 (long first coupon) on L5NC4, and 03/11/27 on 8NC7 and 21NC20. Sale into Canada: Yes - Exemption. Denoms: 200,000 x 1,000. Listing: SIX Swiss Exchange. Pricing 09/08. Settle 09/11 (T+3). 144A CUSIP/ISIN: L5NC4 902613BY3/US902613BY39, 8NC7 902613BZ0/US902613BZ04 and 21NC20 902613CA4/US902613CA44. Reg S CUSIP/ISIN: L5NC4 H42097FW2/USH42097FW29, 8NC7 H42097FX0/USH42097FX02 and 21NC20 H42097FY8/USH42097FY84.
IPTs: L5NC4 T+110 area, 8NC7 T+130 area and 21NC20 T+130 area.

GUIDANCE: L5NC4 T+82#, 8NC7 T+105#, 21NC20 T+105#.

LAUNCHED:
$2.25bn L5nc4 at T+82.
$2bn 8nc7 at T+105.

$1.75bn 21nc10 at T+105.