EX-25.1 8 ex25-1.htm FORM T-1 STATEMENT OF ELIGIBILITY OF DEBT TRUSTEE

 

 

UBS AG – Form F-4

Exhibit 25.1

 

 

securities and exchange commission

Washington, D.C. 20549

 

 

 

FORM T-1

 

Statement of Eligibility Under

The Trust Indenture Act of 1939 of a

Corporation Designated to Act as Trustee

Check if an Application to Determine Eligibility of

a Trustee Pursuant to Section 305(b)(2)  ☐

 

 

 

U.S. BANK TRUST NATIONAL ASSOCIATION

(Exact name of Trustee as specified in its charter)

 

41-1973763

I.R.S. Employer Identification No.

 

300 Delaware Avenue, 8th Floor

Wilmington, DE

 19809
(Address of principal executive offices) (Zip Code)

 

Michelle Lee

U.S. Bank National Association

100 Wall Street, Suite 600

New York, NY 10005 

646-971-4954

(Name, address and telephone number of agent for service)

 

UBS AG

(Issuer with respect to the Securities) 

Switzerland 98-0186363
(State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.)

 

Bahnhofstrasse 45, CH-8001
Zurich, Switzerland

 

Aeschenvorstadt 1, CH-4051
Basel, Switzerland
(Address of Principal Executive Offices) (Zip Code)

 

Debt Securities

(Title of the Indenture Securities)

 

 

 

 

 

FORM T-1

 

Item 1.GENERAL INFORMATION. Furnish the following information as to the Trustee.

 

a)Name and address of each examining or supervising authority to which it is subject.

 

Comptroller of the Currency

Washington, D.C.

 

b)Whether it is authorized to exercise corporate trust powers.

 

Yes

 

Item 2.AFFILIATIONS WITH OBLIGOR. If the obligor is an affiliate of the Trustee, describe each such affiliation.

 

None

 

Items 3-15Items 3-15 are not applicable because to the best of the Trustee’s knowledge, the obligor is not in default under any Indenture for which the Trustee acts as Trustee.

 

Item 16.LIST OF EXHIBITS: List below all exhibits filed as a part of this statement of eligibility and qualification.

 

1.A copy of the Articles of Association of the Trustee.*

 

2.A copy of the certificate of authority of the Trustee to commence business, attached as Exhibit 2.

 

3.A copy of the certificate of authority of the Trustee to exercise corporate trust powers, included as Exhibit 2.

 

4.A copy of the existing bylaws of the Trustee.**

 

5.A copy of each Indenture referred to in Item 4. Not applicable.

 

6.The consent of the Trustee required by Section 321(b) of the Trust Indenture Act of 1939, attached as Exhibit 6.

 

7.Report of Condition of the Trustee as of June 30, 2023 published pursuant to law or the requirements of its supervising or examining authority, attached as Exhibit 7.

 

* Incorporated by reference to Exhibit 25.4 to registration statement on form S-3ASR, Registration Number 333-202902 filed on March 20, 2015.

 

** Incorporated by reference to Exhibit 25.4 to registration statement on form S-3ASR, Registration Number 333-202902 filed on March 20, 2015.

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SIGNATURE

 

Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the Trustee, U.S. BANK TRUST NATIONAL ASSOCIATION, a national banking association organized and existing under the laws of the United States of America, has duly caused this statement of eligibility and qualification to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of New York, State of New York on the 21st day of August, 2023.

 

  By: /s/ Michelle Lee  
    Michelle Lee  
    Vice President  

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Exhibit 2

 

  Office of the Comptroller of the Currency
    Washington, DC 20219

 

CERTIFICATE OF CORPORATE EXISTENCE AND FIDUCIARY POWERS

 

I, Michael J. Hsu, Acting Comptroller of the Currency, do hereby certify that:

 

1. The Comptroller of the Currency, pursuant to Revised Statutes 324, et seq, as amended, and 12 USC 1, et seq, as amended, has possession, custody, and control of all records pertaining to the chartering, regulation, and supervision of all national banking associations.

 

2. “U.S. Bank Trust National Association,” Wilmington, Delaware (Charter No. 24090), is a national banking association formed under the laws of the United States and is authorized thereunder to transact the business of banking and exercise fiduciary powers on the date of this certificate.

 

IN TESTIMONY WHEREOF, today, August 18, 2023, I have hereunto subscribed my name and caused my seal of office to be affixed to these presents at the U.S. Department of the Treasury, in the City of Washington, District of Columbia.

 

     
  Acting Comptroller of the Currency  

 

 

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Exhibit 6

 

CONSENT

 

In accordance with Section 321(b) of the Trust Indenture Act of 1939, the undersigned, U.S. BANK TRUST NATIONAL ASSOCIATION hereby consents that reports of examination of the undersigned by Federal, State, Territorial or District authorities may be furnished by such authorities to the Securities and Exchange Commission upon its request therefor.

 

Dated: August 21, 2023

 

  By: /s/ Michelle Lee  
    Michelle Lee  
    Vice President  

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Exhibit 7

U.S. Bank Trust National Association

Statement of Financial Condition

As of 6/30/2023

 

($000’s)

 

   6/30/2023 
Assets     
Cash and Balances Due From Depository Institutions  $707,552 
Securities   0 
Federal Funds   0 
Loans & Lease Financing Receivables   0 
Fixed Assets   0 
Intangible Assets   16,025 
Other Assets   21,369 
Total Assets  $744,946 
      
Liabilities     
Deposits  $0 
Fed Funds   0 
Treasury Demand Notes   0 
Trading Liabilities   0 
Other Borrowed Money   0 
Acceptances   0 
Subordinated Notes and Debentures   0 
Other Liabilities   13,413 
Total Liabilities  $13,413 
      
Equity     
Common and Preferred Stock   1,000 
Surplus   466,570 
Undivided Profits   263,963 
Minority Interest in Subsidiaries   0 
Total Equity Capital  $731,533 
      
Total Liabilities and Equity Capital  $744,946 

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