<SEC-DOCUMENT>0001610520-20-000081.txt : 20200724
<SEC-HEADER>0001610520-20-000081.hdr.sgml : 20200724
<ACCEPTANCE-DATETIME>20200724061523
ACCESSION NUMBER:		0001610520-20-000081
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20200630
FILED AS OF DATE:		20200724
DATE AS OF CHANGE:		20200724

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			UBS Group AG
		CENTRAL INDEX KEY:			0001610520
		STANDARD INDUSTRIAL CLASSIFICATION:	NATIONAL COMMERCIAL BANKS [6021]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			V8
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-36764
		FILM NUMBER:		201045013

	BUSINESS ADDRESS:	
		STREET 1:		BAHNHOFSTRASSE 45
		CITY:			ZURICH
		STATE:			V8
		ZIP:			CH-8001
		BUSINESS PHONE:		41-44-234-1111

	MAIL ADDRESS:	
		STREET 1:		BAHNHOFSTRASSE 45
		CITY:			ZURICH
		STATE:			V8
		ZIP:			CH-8001

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			UBS AG
		CENTRAL INDEX KEY:			0001114446
		STANDARD INDUSTRIAL CLASSIFICATION:	NATIONAL COMMERCIAL BANKS [6021]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			V8
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-15060
		FILM NUMBER:		201045012

	BUSINESS ADDRESS:	
		STREET 1:		BAHNHOFSTRASSE 45
		STREET 2:		P O BOX CH 8001
		CITY:			ZURICH
		STATE:			V8
		ZIP:			CH 8001
		BUSINESS PHONE:		203-719-5241

	MAIL ADDRESS:	
		STREET 1:		600 WASHINGTON BLVD.
		CITY:			STAMFORD
		STATE:			CT
		ZIP:			06901
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>6kubsagctr2q20.htm
<TEXT>

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<title>ubsagctr2q20</title>


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<p style="margin:0cm;margin-bottom:.0001pt;tab-stops:center 8.0cm right 16.0cm;"><font color=red face=Helvetica,sans-serif lang=EN-US style="font-size:20.0pt;">&nbsp;</font></p>


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<p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:16.0pt;">UNITED
STATES</font></b></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:16.0pt;">SECURITIES
AND EXCHANGE COMMISSION</font></b></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;">Washington,
D.C. 20549</font></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;">_________________</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:22.0pt;">FORM
6-K</font></b></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></b></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:13.0pt;">REPORT
OF FOREIGN PRIVATE ISSUER</font></b></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:13.0pt;">&nbsp;</font></b></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:13.0pt;">PURSUANT
TO RULE 13a-16 OR 15d-16 UNDER</font></b></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:13.0pt;">THE
SECURITIES EXCHANGE ACT OF 1934</font></b></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;">Date:
July 24, 2020</font></b></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:16.5pt;">UBS
Group AG</font></b></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;">Commission
File Number: 1-36764</font></b></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:16.5pt;">&nbsp;</font></b></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:16.5pt;">UBS
AG</font></b><b><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;"> &nbsp;</font></b></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;">Commission
File Number: 1-15060</font></b></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></b></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman,serif" lang=DE style="font-size:11.0pt;">(Registrants'
Names)</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman,serif" lang=DE style="font-size:11.0pt;">&nbsp;</font></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman,serif" lang=DE style="font-size:11.0pt;">Bahnhofstrasse
45, Zurich, Switzerland and<br>
Aeschenvorstadt 1, Basel, Switzerland</font></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman,serif" lang=EN-GB style="font-size:11.0pt;">(Address
of principal executive offices)</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;">Indicate
by check mark whether the registrants file or will file annual reports under
cover of Form 20&#8209;F or Form 40-F.</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font color=windowtext face=Helvetica,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<div style="border:solid white 1.0pt;border-bottom:double black 2.25pt;padding:0cm 0cm 0cm 0cm;">

<p align=center style="border:none;margin:0cm;margin-bottom:.0001pt;padding:0cm;text-align:center;"><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;">Form 20-F</font><font color=windowtext face=Helvetica,sans-serif lang=EN-US style="font-size:11.0pt;">&#160; </font><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:22.0pt;">x&nbsp;</font><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
Form 40-F&#160; </font><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:22.0pt;">o&nbsp;</font></p>

<p align=center style="border:none;margin:0cm;margin-bottom:.0001pt;padding:0cm;text-align:center;"><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

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<p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-GB style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:line;">&nbsp;</font></p>





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<p style="margin:0cm;margin-bottom:.0001pt;tab-stops:center 8.0cm right 16.0cm;"><font color=red face=Helvetica,sans-serif lang=EN-US style="font-size:20.0pt;">&nbsp;</font></p>


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<p style="margin:0cm;margin-bottom:.0001pt;tab-stops:center 8.0cm right 16.0cm;"><font color=red face=Helvetica,sans-serif lang=EN-US style="font-size:20.0pt;">&nbsp;</font></p>


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<p style="margin:0cm;margin-bottom:.0001pt;text-indent:35.4pt;"><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;layout-grid-mode:line;">UBS AG produces regular annual and
quarterly reports, which are submitted to the SEC under Forms 20-F and 6-K, respectively.
These reports are prepared in accordance with International Financial Reporting
Standards (IFRS). 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
2019 of UBS Group AG and UBS AG, filed with the SEC on 03 March 2020, as well
as UBS AG's first quarter 2020 report, submitted to the SEC on Form 6-K on 4
May 2020, and UBS AG's second quarter 2020 report, submitted to the SEC on Form
6-K on 24 July 2020.</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><a name="Income_taxes"></a></p>
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<p style="margin:0cm;margin-bottom:.0001pt;tab-stops:center 8.0cm right 16.0cm;"><font color=red face=Helvetica,sans-serif lang=EN-US style="font-size:20.0pt;">&nbsp;</font></p>


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<p style="margin:0cm;margin-bottom:.0001pt;tab-stops:center 8.0cm right 16.0cm;"><font color=red face=Helvetica,sans-serif lang=EN-US style="font-size:20.0pt;">&nbsp;</font></p>


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<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:3.0pt;"></font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><a name="Income_taxes_bclEnd"></a><b><font face="Frutiger 45 Light,sans-serif" lang=EN-GB style="font-size:11.0pt;">Capitalization
of UBS AG</font></b></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;">The following table presents the consolidated
capitalization of UBS AG in accordance with International Financial Reporting
Standards (IFRS) in US dollars, the presentation currency of UBS AG.</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;">&nbsp;</font></p>

<div align=left><table border=0 cellpadding=0 cellspacing=0 title="Print_Area" style="border-collapse:collapse;width:100%;">
 <tr style="height:14.25pt;">
  <td width=70% style="border:none;border-bottom:solid #74726F 1.0pt;height:14.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:14.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 width=29% style="border:none;border-bottom:solid #74726F 1.0pt;height:14.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">As of</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=70% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">USD million</font></i></p>
  </td>
 <td width=1% style="border:none;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=14% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">30.6.20</font></b></p>
  </td>
 <td width=1% style="border:none;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=14% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">31.3.20</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=70% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Debt:</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=14% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=14% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=70% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Short term debt issued&#185;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=14% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">72,035</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=14% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">63,714</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=70% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 8.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Long term debt issued&#178;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=14% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">62,794</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=14% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">55,805</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=70% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total debt issued</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=14% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">134,830</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=14% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">119,519</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=70% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Equity attributable to UBS AG shareholders</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=14% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">55,416</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=14% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">57,814</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=70% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Equity attributable to non-controlling interests</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=14% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">173</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=14% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">169</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td width=70% style="border:none;border-bottom:solid #74726F 1.5pt;height:12.0pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">Total capitalization</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:12.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=14% style="border:none;border-bottom:solid #74726F 1.5pt;height:12.0pt;padding:0cm 4.25pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">190,418</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:12.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=14% style="border:none;border-bottom:solid #74726F 1.5pt;height:12.0pt;padding:0cm 3.5pt 0cm 2.0pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:7.5pt;">177,503</font></p>
  </td>
 </tr>
<tr style="height:34.15pt;">
  <td colspan=5 valign=top width=100% style="border:none;height:34.15pt;padding:0cm 2.0pt 0cm 2.0pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=EN-US style="font-size:6.5pt;">1 Short-term debt issued is comprised of debt issued (measured
  at amortized cost and designated at fair value) by UBS AG and its
  subsidiaries with a remaining contractual maturity of less than one year
  without considering any early redemption features.&#160;&#160;&#160; 2 Long-term debt issued
  is comprised of debt issued (measured at amortized cost and designated at
  fair value) by UBS AG and its subsidiaries with a remaining contractual
  maturity of more than one year without considering any early redemption
  features.</font></p>
  </td>
 </tr>
</table></div>



<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:0cm;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></p>


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<p style="margin:0cm;margin-bottom:.0001pt;tab-stops:center 8.0cm right 16.0cm;"><font color=red face=Helvetica,sans-serif lang=EN-US style="font-size:20.0pt;">&nbsp;</font></p>


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<p style="margin:0cm;margin-bottom:.0001pt;tab-stops:center 8.0cm right 16.0cm;"><font color=red face=Helvetica,sans-serif lang=EN-US style="font-size:20.0pt;">&nbsp;</font></p>


</DIV>
<p style="margin-bottom:12.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;text-indent:0cm;"><font face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;layout-grid-mode:line;">This Form 6-K is hereby incorporated by
reference into (1) each of the registration statements of UBS AG on Form F-3
(Registration Number 333-225551) and on Form F-4 (Registration Number
333-234705), and of UBS Group AG on Form S-8 (Registration Numbers 333-200634;
333-200635; 333-200641; 333-200665; 333-215254; 333-215255; 333-228653; and
333-230312), 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 Form
6-K&#8217;s of UBS AG that are incorporated into its registration statements filed
with the SEC, and (3) the base prospectus of Corporate Asset Backed Corporation
(&#8220;CABCO&#8221;) 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).</font></p>





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<p style="margin:0cm;margin-bottom:.0001pt;tab-stops:center 8.0cm right 16.0cm;"><font color=red face=Helvetica,sans-serif lang=EN-US style="font-size:20.0pt;">&nbsp;</font></p>


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<p style="margin:0cm;margin-bottom:.0001pt;tab-stops:center 8.0cm right 16.0cm;"><font color=red face=Helvetica,sans-serif lang=EN-US style="font-size:20.0pt;">&nbsp;</font></p>


</DIV>
<p style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-GB style="font-size:10.0pt;">SIGNATURES</font></b></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font color=red face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin-bottom:6.0pt;margin-left:18.0pt;margin-right:0cm;margin-top:0cm;"><font face="Times New Roman,serif" lang=EN-GB style="font-size:11.0pt;">Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrants have duly caused this report to be signed
on their behalf by the undersigned, thereunto duly authorized.</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font color=red face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font color=red face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-indent:216.0pt;"><font color=red face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-indent:216.0pt;"><font color=red face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-indent:216.0pt;"><font color=red face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-indent:216.0pt;"><font face="Times New Roman,serif" lang=EN-GB style="font-size:11.0pt;layout-grid-mode:char;">UBS Group AG</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font color=red face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font color=red face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font color=red face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-indent:216.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;layout-grid-mode:char;">By: _/</font><u><font face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;layout-grid-mode:char;">s/ David Kelly </font></u><font face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;layout-grid-mode:char;">_____________&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-indent:234.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;layout-grid-mode:char;">Name:&#160; David Kelly</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-indent:234.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;layout-grid-mode:char;">Title:&#160;&#160;&#160;&#160; Managing Director </font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font color=red face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font color=red face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font color=red face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-indent:216.0pt;"><font face="Times New Roman,serif" lang=ES style="font-size:11.0pt;layout-grid-mode:char;">By: _</font><u><font face="Times New Roman,serif" lang=ES style="font-size:11.0pt;layout-grid-mode:char;">/s/ Ella Campi </font></u><font face="Times New Roman,serif" lang=ES style="font-size:11.0pt;layout-grid-mode:char;">______________&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-indent:234.0pt;"><font face="Times New Roman,serif" lang=ES style="font-size:11.0pt;layout-grid-mode:char;">Name:&#160; Ella Campi</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-indent:234.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;layout-grid-mode:char;">Title:&#160;&#160;&#160; Executive Director</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-indent:216.0pt;"><font color=red face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-indent:216.0pt;"><font color=red face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-indent:216.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;layout-grid-mode:char;">UBS AG</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font color=red face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font color=red face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font color=red face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-indent:216.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;layout-grid-mode:char;">By: _</font><u><font face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;layout-grid-mode:char;">/s/ David Kelly </font></u><font face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;layout-grid-mode:char;">_____________&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-indent:234.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;layout-grid-mode:char;">Name:&#160; David Kelly</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-indent:234.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;layout-grid-mode:char;">Title:&#160;&#160;&#160;&#160; Managing Director </font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font color=red face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font color=red face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font color=red face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-indent:216.0pt;"><font face="Times New Roman,serif" lang=ES style="font-size:11.0pt;layout-grid-mode:char;">By: _</font><u><font face="Times New Roman,serif" lang=ES style="font-size:11.0pt;layout-grid-mode:char;">/s/ Ella Campi </font></u><font face="Times New Roman,serif" lang=ES style="font-size:11.0pt;layout-grid-mode:char;">______________&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-indent:234.0pt;"><font face="Times New Roman,serif" lang=ES style="font-size:11.0pt;layout-grid-mode:char;">Name:&#160; Ella Campi</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-indent:234.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;layout-grid-mode:char;">Title:&#160;&#160;&#160; Executive Director</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-indent:234.0pt;"><font color=red face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font color=red face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font color=red face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font color=red face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font color=red face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font color=red face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font color=red face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font color=red face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font color=red face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font color=red face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin-bottom:6.0pt;margin-left:18.0pt;margin-right:0cm;margin-top:0cm;"><font face="Times New Roman,serif" lang=EN-GB style="font-size:11.0pt;">Date:&#160; July 24, 2020</font></p>

<p style="margin-bottom:6.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><font face="Times New Roman,serif" lang=EN-GB style="font-size:11.0pt;">&nbsp;</font></p>




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