6-K
UBS AG (AMUB)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_________________
FORM 6-K
REPORT OF FOREIGN PRIVATE
ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
Date: May 7, 2024
UBS AG
(Registrant's Name)
Bahnhofstrasse 45, 8001 Zurich, Switzerland
Aeschenvorstadt 1, 4051 Basel, Switzerland
(Address of principal executive offices)
Commission File Number: 1-15060
Indicate by check mark whether the registrant files or will file annual
reports under cover of
Form 20-F or Form 40-F.
Form 20-F
☒
Form 40-F
☐
UBS AG produces regular annual and quarterly reports, which are submitted to the SEC under
Forms
20-F
and
6-K,
respectively.
UBS
AG’s
consolidated
financial
statements
are
prepared
in
accordance with IFRS Accounting Standards. SEC regulations require certain additional disclosures to
be
included
in
registration
statements
relating
to
offerings
of
securities.
Certain
of
these
additional
disclosures follow herein,
and should
be read
in conjunction with
the annual
report on
Form 20-F
for
the year ended 31 December 2023 of UBS AG, filed with the SEC on March 28, 2024, as well as UBS
AG's first quarter 2024 report, submitted to the SEC on Form 6-K on May
7, 2024.
Capitalization of UBS AG
The table
below presents
the consolidated
capitalization
of UBS
AG in
accordance
with IFRS
Accounting
Standards in US dollars, the presentation currency
of UBS AG.
As of
USD m
31.3.24
31.12.23
Debt:
Short-term debt issued
1
75,966
83,094
Long-term debt issued
2
141,562
143,264
of which: eligible as non-Basel III-compliant tier 2 capital
instruments
537
538
Total debt issued
3
217,527
226,357
of which: Funding from UBS Group AG
70,788
70,232
Equity attributable to shareholders
55,046
55,234
Equity attributable to non-controlling interests
317
335
Total capitalization
272,890
281,926
1 Short-term debt issued
consists of debt
issued (reflected on
the balance sheet
lines Debt issued
measured at amortized
cost and Debt
issued designated at
fair value) by
UBS AG and
its
subsidiaries and Funding from UBS
Group AG (measured at
amortized cost and designated at
fair value) with a
remaining contractual maturity of
less than one year without
considering any
early redemption features.
2 Long-term debt issued consists of
debt issued (reflected on the balance
sheet lines Debt issued measured at
amortized cost and Debt issued
designated at fair
value) by UBS AG and its subsidiaries and Funding from UBS Group AG (measured at amortized cost and designated at fair value) with a remaining
contractual maturity of more than one year
without considering any early redemption features.
3 As of 31 March 2024, 94% of the total debt issued was unsecured.
This Form
6-K is
hereby incorporated
by reference
into (1)
the registration
statement of
UBS AG
on
Form F-3
(Registration Number
333-263376), and
into each
prospectus outstanding
under any
of the
foregoing registration
statements, (2)
any outstanding
offering circular
or similar
document issued
or
authorized by UBS AG that incorporates
by reference any Forms 6-K of UBS
AG that are incorporated
into its
registration statements
filed with
the SEC,
and (3)
the base
prospectus of
Corporate Asset
Backed
Corporation
(“CABCO”)
dated
June
23,
2004
(Registration
Number
333-111572),
the
Form
8-K
of
CABCO filed and
dated June 23, 2004
(SEC File Number 001-13444),
and the Prospectus Supplements
relating
to
the
CABCO Series
2004-101
Trust
dated May
10,
2004
and May
17, 2004
(Registration
Number 033-91744 and 033-91744-05).
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly
caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.
UBS AG
By: _/s/ David Kelly _____________
Name:
David Kelly
Title:
Managing Director
By: _/s/ Ella Campi ______________
Name:
Ella Campi
Title:
Executive Director
Date:
May 7, 2024