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DECEMBER 18, 2015
UBS AG CASH TENDER OFFERS FOR CERTAIN U.S. DOLLAR SECURITIES: ANNOUNCEMENT OF FINAL RESULTS FOLLOWING THE EXPIRATION OF THE GUARANTEED DELIVERY PERIOD
UBS AG today announced, following the expiration of the guaranteed delivery period, the final results of its previously announced cash tender offers (the "Offers"). The Offers were made on the terms and subject to the conditions contained in a tender offer memorandum dated December 4, 2015 (the "Tender Offer Memorandum") and the notice of guaranteed delivery (the "Notice of Guaranteed Delivery").
Capitalized terms not otherwise defined in this announcement have the same meaning as assigned to them in the Tender Offer Memorandum.
The table below sets forth the aggregate principal amount of Securities of each Series validly tendered and accepted for purchase pursuant to the Offers.
Title of Security | CUSIP | ISIN | Principal Amount Outstanding as of the Commencement of the Offers | Principal Amount Tendered(1) | Principal Amount Tendered Using Guaranteed Delivery Procedures | Principal Amount Tendered Using Guaranteed Delivery Procedures But Not Delivered | Principal Amount Tendered and Accepted for Purchase(2) | |||||||
Subordinated Dated Tier 2 Notes | ||||||||||||||
5.875% Notes due July 15, 2016(3) | 90261XBY7 | US90261XBY76 | $930,600,000 | $282,741,000 | $10,650,000 | $0 | $293,391,000 | |||||||
7.375% Notes due June 15, 2017(4) | 87083KAM4 | US87083KAM45 | $300,000,000 | $79,601,000 | $20,000 | $0 | $79,621,000 | |||||||
7.500 % Notes due July 15, 2025(4) | 870836AC7 | US870836AC77 | $350,000,000 | $86,213,000 | $13,333,000 | $0 | $99,546,000 | |||||||
7.750 % Notes due September 1, 2026(4) | 870845AC8 | US870845AC84 | $300,000,000 | $80,008,000 | $2,264,000 | $0 | $82,272,000 | |||||||
Senior Unsecured Notes | ||||||||||||||
5.875 % Notes due December 20, 2017(3) | 90261XEM0 | US90261XEM02 | $2,484,645,000 | $1,284,479,000 | $15,210,000 | $2,310,000 | $1,297,379,000 | |||||||
5.750 % Notes due April 25, 2018(3) | 90261XFA5 | US90261XFA54 | $1,907,380,000 | $905,480,000 | $125,000 | $125,000 | $905,480,000 | |||||||
4.875 % Notes due August 4, 2020(3) | 90261XGD8 | US90261XGD84 | $1,974,078,000 | $875,250,000 | $1,211,000 | $341,000 | $876,120,000 | |||||||
Covered Bonds | ||||||||||||||
2.250 % Notes due March 30, 2017(5) | 90349CAA2 | US90349CAA27/ XS0765656276 |
$2,000,000,000 | $1,566,940,000 | $72,700,000 | $700,000 | $1,638,940,000 |
(1) Excluding principal amounts tendered using guaranteed delivery procedures.
(2) Including Securities tendered using guaranteed delivery procedures and delivered prior to expiration of the guaranteed delivery period.
(3) Issued by UBS AG acting through its Stamford Branch.
(4) Originally issued by Swiss Bank Corporation (currently, UBS AG) acting through its New York Branch.
(5) Issued by UBS AG acting through its London Branch.
The Settlement Date is expected to be December 18, 2015.
FURTHER INFORMATION
Lucid Issuer Services Limited acted as tender agent (the "Tender Agent") for the purposes of the Offers.
UBS Limited, an affiliate of the Offeror, acted as the Lead Dealer Manager (the "Lead Dealer Manager") and Australia and New Zealand Banking Group Limited; BB&T Capital Markets, a division of BB&T Securities LLC; BMO Capital Markets Corp.; Daiwa Capital Markets Europe Limited; Danske Bank A/S; DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main; National Australia Bank Limited; RBS Securities Inc.; and Santander Investment Securities Inc. acted as co-dealer managers (each, a "Co-Dealer Manager" and, together with the Lead Dealer Manager, the "Dealer Managers") in connection with the Offers.
Requests for information in relation to the Offers should be directed to:
LEAD DEALER MANAGER | |
UBS Limited 1 Finsbury Avenue London EC2M 2PP United Kingdom |
|
In the United States: Toll Free: +1 888 719 4210 Collect: +1 203 719 4210 Email: andrew.cardamone@ubs.com/ andrew-w.lee@ubs.com Attention: Liability Management Group |
Outside the United States: Tel: +1 203 719 8682 / +44 20 7568 4601 Email: mark-t.watkins@ubs.com/ torstein.berteig@ubs.com Attention: Liability Management Group |
TENDER AGENT |
Lucid Issuer Services Limited Tankerton Works 12 Argyle Walk London WC1H 8HA United Kingdom Tel: +44 20 7704 0880 Email: ubs@lucid-is.com Attention: Paul Kamminga/Thomas Choquet |
DISCLAIMER
This announcement must be read in conjunction with the Tender Offer Memorandum. The distribution of this announcement and the Tender Offer Memorandum in certain jurisdictions may be restricted by law. Persons into whose possession this announcement or the Tender Offer Memorandum comes are required by each of the Offeror, the Dealer Managers and the Tender Agent to inform themselves about and to observe any such restrictions.
Contact Information:
Contact:
RNS
Customer Services
0044-207797-4400
rns@londonstockexchange.com
http://www.rns.com