UBS $1.25 billion senior notes offering

Davis Polk advised the representative of the several agents in connection with a 3(a)(2) offering by UBS AG, acting through its Stamford, Connecticut, branch, of $1.25 billion aggregate principal amount of 4.864% fixed-to-floating-rate senior notes due 2028. The notes were offered and sold in reliance upon an exemption from registration provided in Section 3(a)(2) of the Securities Act and pursuant to the exemption from registration with the Office of the Comptroller of the Currency provided by Section 16.6 of the OCC’s regulations.

UBS Group AG with its subsidiaries is a leading and truly global wealth manager with focused asset management and investment banking capabilities and the leading universal bank in Switzerland. UBS enables people, institutions and corporations to achieve their goals by providing financial advice and solutions.

The Davis Polk corporate team included partner Shane Tintle, counsel Tyler X. Senackerib and associates Jenny (Jingjing) Li and Frank (Xinggang) Zhang. The tax team included counsel Liang Zhang and associates Michelle Zhao and Georgianna Eck. All members of the Davis Polk team are based in the New York office.