<PAGE> 1
Exhibit 25.1
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
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FORM T-1
STATEMENT OF ELIGIBILITY
UNDER THE TRUST INDENTURE ACT OF 1939 OF
A CORPORATION DESIGNATED TO ACT AS TRUSTEE
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CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF
A TRUSTEE PURSUANT TO SECTION 305(b)(2)
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THE CHASE MANHATTAN BANK
(Exact name of trustee as specified in its charter)
<TABLE>
<S> <C>
NEW YORK 13-4994650
(State of incorporation (I.R.S. employer
if not a national bank) identification No.)
270 PARK AVENUE
NEW YORK, NEW YORK 10017
(Address of principal executive offices) (Zip Code)
</TABLE>
William H. McDavid
General Counsel
270 Park Avenue
New York, New York 10017
Tel: (212) 270-2611
(Name, address and telephone number of agent for service)
--------------------------------------------
UBS AMERICAS INC.
(Exact name of obligor as specified in its charter)
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<S> <C>
DELAWARE 06-1595848
(State or other jurisdiction of (I.R.S. employer
incorporation or organization) identification No.)
677 WASHINGTON BOULEVARD
STAMFORD, CONNECTICUT 06901
(Address of principal executive offices) (Zip Code)
</TABLE>
-----------------------------------
(SEE ATTACHED SCHEDULES)
SENIOR DEBT SECURITIES
(Title of the indenture securities)
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<PAGE> 2
GENERAL
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.
New York State Banking Department, State House, Albany, New York
12110.
Board of Governors of the Federal Reserve System, Washington,
D.C., 20551
Federal Reserve Bank of New York, District No. 2, 33 Liberty
Street, New York, N.Y.
Federal Deposit Insurance Corporation, Washington, D.C., 20429.
(b) Whether it is authorized to exercise corporate trust powers.
Yes.
Item 2. Affiliations with the Obligor.
If the obligor is an affiliate of the trustee, describe each such
affiliation.
None.
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<PAGE> 3
Item 16. List of Exhibits
List below all exhibits filed as a part of this Statement of
Eligibility.
1. A copy of the Articles of Association of the Trustee as now in
effect, including the Organization Certificate and the Certificates of Amendment
dated February 17, 1969, August 31, 1977, December 31, 1980, September 9, 1982,
February 28, 1985, December 2, 1991 and July 10, 1996 (see Exhibit 1 to Form T-1
filed in connection with Registration Statement No. 333-06249, which is
incorporated by reference).
2. A copy of the Certificate of Authority of the Trustee to Commence
Business (see Exhibit 2 to Form T-1 filed in connection with Registration
Statement No. 33-50010, which is incorporated by reference. On July 14, 1996, in
connection with the merger of Chemical Bank and The Chase Manhattan Bank
(National Association), Chemical Bank, the surviving corporation, was renamed
The Chase Manhattan Bank).
3. None, authorization to exercise corporate trust powers being
contained in the documents identified above as Exhibits 1 and 2.
4. A copy of the existing By-Laws of the Trustee (see Exhibit 4 to
Form T-1 filed in connection with Registration Statement No. 333-76439, which is
incorporated by reference).
5. Not applicable.
6. The consent of the Trustee required by Section 321(b) of the Act
(see Exhibit 6 to Form T-1 filed in connection with Registration Statement No.
33-50010, which is incorporated by reference. On July 14, 1996, in connection
with the merger of Chemical Bank and The Chase Manhattan Bank (National
Association), Chemical Bank, the surviving corporation, was renamed The Chase
Manhattan Bank).
7. A copy of the latest report of condition of the Trustee,
published pursuant to law or the requirements of its supervising or examining
authority.
8. Not applicable.
9. Not applicable.
SIGNATURE
Pursuant to the requirements of the Trust Indenture Act of 1939 the
Trustee, The Chase Manhattan Bank, a corporation organized and existing under
the laws of the State of New York, has duly caused this statement of eligibility
to be signed on its behalf by the undersigned, thereunto duly authorized, all in
the City of New York and State of New York, on the 15th day of December, 2000.
THE CHASE MANHATTAN BANK
By /s/ L. O'Brien
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/s/ L. O'Brien
Vice President
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<PAGE> 4
Exhibit 7 to Form T-1
Bank Call Notice
RESERVE DISTRICT NO. 2
CONSOLIDATED REPORT OF CONDITION OF
The Chase Manhattan Bank
of 270 Park Avenue, New York, New York 10017
and Foreign and Domestic Subsidiaries,
a member of the Federal Reserve System,
at the close of business March 31, 2000, in
accordance with a call made by the Federal Reserve Bank
of this District pursuant to the provisions of the
Federal Reserve Act.
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<CAPTION>
DOLLAR AMOUNTS
ASSETS IN MILLIONS
<S> <C>
Cash and balances due from depository institutions:
Noninterest-bearing balances and
currency and coin $ 13,460
Interest-bearing balances 3,696
Securities:
Held to maturity securities 671
Available for sale securities 56,085
Federal funds sold and securities purchased under
agreements to resell 31,833
Loans and lease financing receivables:
Loans and leases, net of unearned income $132,562
Less: Allowance for loan and lease losses 2,188
Less: Allocated transfer risk reserve 0
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Loans and leases, net of unearned income,
allowance, and reserve 130,374
Trading Assets 50,488
Premises and fixed assets (including capitalized
leases) 3,391
Other real estate owned
32
Investments in unconsolidated subsidiaries and
associated companies 231
Customers' liability to this bank on acceptances
outstanding 630
Intangible assets 3,891
Other assets 17,423
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TOTAL ASSETS $312,205
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<TABLE>
<CAPTION>
LIABILITIES
<S> <C>
Deposits
In domestic offices $ 103,709
Noninterest-bearing $ 41,611
Interest-bearing 62,098
In foreign offices, Edge and Agreement
subsidiaries and IBF's 80,379
Noninterest-bearing $ 4,920
Interest-bearing 75,459
Federal funds purchased and securities sold under agree-
ments to repurchase 54,265
Demand notes issued to the U S Treasury 529
Trading liabilities 31,970
Other borrowed money (includes mortgage indebtedness
and obligations under capitalized leases):
With a remaining maturity of one year or less 4,764
With a remaining maturity of more than one year
through three years 0
With a remaining maturity of more than three years 99
Bank's liability on acceptances executed and outstanding 630
Subordinated notes and debentures 5,430
Other liabilities 11,663
TOTAL LIABILITIES 293,438
EQUITY CAPITAL
Perpetual preferred stock and related surplus 0
Common stock 1,211
Surplus (exclude all surplus related to preferred stock) 11,066
Undivided profits and capital reserves 7,698
Net unrealized holding gains (losses)
on available-for-sale securities
(1,224)
Accumulated net gains (losses) on cash flow hedges 0
Cumulative foreign currency translation adjustments 16
TOTAL EQUITY CAPITAL 18,767
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TOTAL LIABILITIES AND EQUITY CAPITAL $ 312,205
=========
</TABLE>
I, Joseph L. Sclafani, E.V.P. & Controller of the above-named bank, do hereby
declare that this Report of Condition has been prepared in conformance with the
instructions issued by the appropriate Federal regulatory authority and is true
to the best of my knowledge and belief.
JOSEPH L. SCLAFANI
We, the undersigned directors, attest to the correctness of this Report of
Condition and declare that it has been examined by us, and to the best of our
knowledge and belief has been prepared in conformance with the instructions
issued by the appropriate Federal regulatory authority and is true and correct.
WILLIAM B. HARRISON, JR. )
HAROLD S. HOOK )DIRECTORS
MARINA v.N. WHITMAN )
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<PAGE> 6
$150,000,000 of 9 1/4% Notes due 2001
$125,000,000 of 8 1/4% Notes due 2002
$100,000,000 of 7 7/8% Notes due 2003
$340,000,000 of 6.45% Notes due 2003
$525,000,000 of 6 3/8% Notes due 2004
$125,000,000 of 8 7/8% Notes due 2005
$200,000,000 of 6 1/2% Notes due 2005
$100,000,000 of 4 3/4% Notes due 2006
$250,000,000 of 6.55% Notes due 2008
$150,000,000 of 7 5/8% Notes due 2008
$275,000,000 of 7 5/8% Notes due 2009
$200,000,000 of 7 5/8% Notes due 2014
<PAGE> 7
5.83% Medium-Term Senior Notes, Series C Due 1/25/01
7.50% Medium-Term Senior Notes, Series C Due 05/17/01
6.19% Medium-Term Senior Notes, Series C Due 05/21/01
5.81% Medium-Term Senior Notes, Series C Due 06/08/01
7.64% Medium-Term Senior Notes, Series C Due 06/13/01
7.54% Medium-Term Senior Notes, Series C Due 06/18/01
6.59% Medium-Term Senior Notes, Series C Due 07/23/01
7.28% Medium-Term Senior Notes, Series C Due 07/24/01
7.52% Medium-Term Senior Notes, Series C Due 09/11/01
6.52% Medium-Term Senior Notes, Series C Due 09/26/01
6.44% Medium-Term Senior Notes, Series C Due 09/28/01
6.58% Medium-Term Senior Notes, Series C Due 12/14/01
6.02% Medium-Term Senior Notes, Series C Due 03/28/02
6.02% Medium-Term Senior Notes, Series C Due 04/22/02
7.59% Medium-Term Senior Notes, Series C Due 05/02/02
1.01% Medium-Term Senior Notes, Series C Due 07/01/02
6.65% Medium-Term Senior Notes, Series C Due 10/15/02
6.25% Medium-Term Senior Notes, Series C Due 02/04/03
7.02% Medium-Term Senior Notes, Series C Due 02/14/03
1.27% Medium-Term Senior Notes, Series C Due 03/13/03
6.32% Medium-Term Senior Notes, Series C Due 03/18/03
6.33% Medium-Term Senior Notes, Series C Due 05/20/03
1.34% Medium-Term Senior Notes, Series C Due 07/01/03
6.79% Medium-Term Senior Notes, Series C Due 07/01/03
7.30% Medium-Term Senior Notes, Series C Due 10/15/03
6.31% Medium-Term Senior Notes, Series C Due 10/21/03
6.68% Medium-Term Senior Notes, Series C Due 11/17/03
6.77% Medium-Term Senior Notes, Series C Due 11/24/03
6.73% Medium-Term Senior Notes, Series C Due 01/02/04
6.73% Medium-Term Senior Notes, Series C Due 01/26/04
7.12% Medium-Term Senior Notes, Series C Due 01/27/04
7.14% Medium-Term Senior Notes, Series C Due 01/28/04
6.67% Medium-Term Senior Notes, Series C Due 02/03/04
7.02% Medium-Term Senior Notes, Series C Due 02/10/04
6.68% Medium-Term Senior Notes, Series C Due 02/10/04
7.07% Medium-Term Senior Notes, Series C Due 09/13/04
6.79% Medium-Term Senior Notes, Series C Due 10/04/04
7.55% Medium-Term Senior Notes, Series C Due 10/04/04
7.49% Medium-Term Senior Notes, Series C Due 10/15/04
6.52% Medium-Term Senior Notes, Series C Due 04/06/05
8.00% Medium-Term Senior Notes, Series C Due 05/25/05
7.77% Medium-Term Senior Notes, Series C Due 08/11/05
6.95% Medium-Term Senior Notes, Series C Due 11/14/05
7.75% Medium-Term Senior Notes, Series C Due 10/04/06
7.52% Medium-Term Senior Notes, Series C Due 10/10/06
7.22% Medium-Term Senior Notes, Series C Due 02/20/07
7.72% Medium-Term Senior Notes, Series C Due 04/01/08
6.73% Medium-Term Senior Notes, Series C Due 04/03/08
6.52% Medium-Term Senior Notes, Series C Due 04/21/08
6.64% Medium-Term Senior Notes, Series C Due 02/05/09
7.01% Medium-Term Senior Notes, Series C Due 02/09/09
6.65% Medium-Term Senior Notes, Series C Due 04/13/10
6.64% Medium-Term Senior Notes, Series C Due 04/14/10
6.76% Medium-Term Senior Notes, Series C Due 05/16/11
7.74% Medium-Term Senior Notes, Series C Due 01/30/12
8.27% Medium-Term Senior Notes, Series C Due 10/14/12
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8.06% Medium-Term Senior Notes, Series C Due 01/17/17
7.94% Medium-Term Senior Notes, Series C Due 01/27/17
7.93% Medium-Term Senior Notes, Series C Due 02/06/17
7.81% Medium-Term Senior Notes, Series C Due 02/13/17
7.91% Medium-Term Senior Notes, Series C Due 03/17/17
8.04% Medium-Term Senior Notes, Series C Due 06/05/17
7.99% Medium-Term Senior Notes, Series C Due 06/09/17
7.61% Medium-Term Senior Notes, Series C Due 07/17/17
7.63% Medium-Term Senior Notes, Series C Due 09/11/17
7.39% Medium-Term Senior Notes, Series C Due 10/16/17
Floating Rate Medium-Term Senior Notes, Series C Due 01/11/01
Floating Rate Medium-Term Senior Notes, Series C Due 05/15/01
Floating Rate Medium-Term Senior Notes, Series C Due 05/16/01
Floating Rate Medium-Term Senior Notes, Series C Due 06/20/01
Floating Rate Medium-Term Senior Notes, Series C Due 06/26/01
Floating Rate Medium-Term Senior Notes, Series C Due 11/19/01
Floating Rate Medium-Term Senior Notes, Series C Due 11/26/01
Floating Rate Medium-Term Senior Notes, Series C Due 02/19/02
Floating Rate Medium-Term Senior Notes, Series C Due 03/18/02
Floating Rate Medium-Term Senior Notes, Series C Due 03/26/02
Floating Rate Medium-Term Senior Notes, Series C Due 05/14/02
Floating Rate Medium-Term Senior Notes, Series C Due 05/20/02
Floating Rate Medium-Term Senior Notes, Series C Due 07/15/02
Floating Rate Medium-Term Senior Notes, Series C Due 08/14/02
Floating Rate Medium-Term Senior Notes, Series C Due 08/27/02
Floating Rate Medium-Term Senior Notes, Series C Due 09/19/02
Floating Rate Medium-Term Senior Notes, Series C Due 10/30/02
Floating Rate Medium-Term Senior Notes, Series C Due 11/18/02
Floating Rate Medium-Term Senior Notes, Series C Due 12/18/02
Floating Rate Medium-Term Senior Notes, Series C Due 02/03/03
Floating Rate Medium-Term Senior Notes, Series C Due 03/13/03
Floating Rate Medium-Term Senior Notes, Series C Due 06/23/03
Floating Rate Medium-Term Senior Notes, Series C Due 07/23/03
Floating Rate Medium-Term Senior Notes, Series C Due 07/24/03
Floating Rate Medium-Term Senior Notes, Series C Due 12/01/03
Floating Rate Medium-Term Senior Notes, Series C Due 01/28/04
Floating Rate Medium-Term Senior Notes, Series C Due 02/09/04
Floating Rate Medium-Term Senior Notes, Series C Due 02/10/04
Floating Rate Medium-Term Senior Notes, Series C Due 02/12/04
Floating Rate Medium-Term Senior Notes, Series C Due 05/11/04
Floating Rate Medium-Term Senior Notes, Series C Due 05/27/04
Floating Rate Medium-Term Senior Notes, Series C Due 08/18/04
Floating Rate Medium-Term Senior Notes, Series C Due 10/13/04
Floating Rate Medium-Term Senior Notes, Series C Due 10/25/04
Floating Rate Medium-Term Senior Notes, Series C Due 01/27/05
Floating Rate Medium-Term Senior Notes, Series C Due 02/11/05
Floating Rate Medium-Term Senior Notes, Series C Due 03/15/05
Floating Rate Medium-Term Senior Notes, Series C Due 07/15/05
Floating Rate Medium-Term Senior Notes, Series C Due 11/14/05
Floating Rate Medium-Term Senior Notes, Series C Due 05/01/06
Floating Rate Medium-Term Senior Notes, Series C Due 05/01/05
Floating Rate Medium-Term Senior Notes, Series C Due 08/07/06
Floating Rate Medium-Term Senior Notes, Series C Due 010/22/07
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Floating Rate Medium-Term Senior Notes, Series C Due 07/31/08
Floating Rate Medium-Term Senior Notes, Series C Due 05/07/18
