Capital/Financing Update • Nov 24, 2017
Capital/Financing Update
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23 November 2017
Terms used herein shall be deemed to be defined as such for the purposes of the conditions set forth in the Offering Circular dated 1 November 2017 (the Offering Circular). The Offering Circular constitutes a base prospectus for the purposes of the Prospectus Directive. This document constitutes the Final Terms of the Notes described herein for the purposes of Article 5.4 of the Prospectus Directive and must be read in conjunction with the Offering Circular. Full information on the Issuer and the Guarantor (in the case of Guaranteed Notes) and the offer of the Notes is only available on the basis of the combination of these Final Terms and the Offering Circular. The Offering Circular has been published on the website of the London Stock Exchange through regulatory information $\overline{a}$ service (www.londonstockexchange.com/exchange/news/market-news/market-news-home.html).
The Notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the Securities Act) or any U.S. state securities laws and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the Securities Act) unless an exemption from the registration requirements of the Securities Act is available and in accordance with all applicable securities laws of any state of the United States and any other jurisdiction.
| Ι, | (1) | Issuer: | ASSA ABLOY AB (publ) | |
|---|---|---|---|---|
| 2. | (i) | Series Number: | 55 | |
| (ii) | Tranche Number: | $\mathbf{1}$ | ||
| (iii) | Date on which the Notes will be consolidated and form a single Series: |
Not Applicable | ||
| 3. | Specified Currency or Currencies: | Euro ("EUR") | ||
| 4. | Aggregate Nominal Amount: | |||
| (i) | Series: | EUR 50,000,000 | ||
| (ii) | Tranche: | EUR 50,000,000 | ||
| 5. | Issue Price of Tranche: | 100.812 per cent. of the Aggregate Nominal Amount | ||
| 6. | (i) | Specified Denominations: | EUR 100,000 | |
| (ii) | Calculation Amount (in relation to calculation of interest in global form see the Conditions): |
EUR 100,000 | ||
| 7. | (i) | Issue Date: | 27 November 2017 | |
| (ii) | Interest Commencement Date: | Issue Date |
| 8. | Maturity Date: | Interest Payment Date falling in or nearest to November 2019 |
|
|---|---|---|---|
| 9. | Interest Basis: | 3 month EURIBOR $+$ 0.50 per cent. Floating Rate (see paragraph 14 below) |
|
| 10. | Redemption Basis: | Subject to any purchase and cancellation or early redemption, the Notes will be redeemed on the Maturity Date at 100.00 per cent. of their nominal amount |
|
| 11. | Change of Interest Basis: | Not Applicable Not Applicable |
|
| 12. | Put/Call Options: |
| 13. | Fixed Rate Note Provisions | Not Applicable | ||
|---|---|---|---|---|
| 14. | Floating Rate Note Provisions | Applicable | ||
| (i) | Specified Period(s)/Specified Interest Payment Dates: |
Interest is payable quarterly in arrears on 27 th February, 27 th May, 27 th August and 27 th November in each year, commencing on 27 th February 2018 up to and including the Maturity Date, subject to adjustment in accordance with the Business Day Convention set out in (ii) below |
||
| (ii) | Business Day Convention: | Modified Following Business Day Convention | ||
| (iii) | Additional Business Centre(s): | London | ||
| (iv) | Manner in which the Rate of Interest and Interest Amount is to be determined: |
Screen Rate Determination | ||
| (v) | Party responsible for calculating the Rate of Interest and Interest Amount (if not the Principal Paying Agent): |
Not Applicable | ||
| (vi) | Screen Rate Determination: | |||
| Reference Rate, Specified | Reference Rate: 3 month EURIBOR | |||
| Time Relevant and Financial Centre: |
Specified Time: 11.00 a.m. Central European Time | |||
| Relevant Financial Centre: Brussels | ||||
| Interest Determination $Date(s)$ : |
The second day on which the TARGET2 System is open prior to the start of each Interest Period |
|||
| Relevant Screen Page: | Reuters page "EURIBOR01", or any successor page | |||
| (vii) | ISDA Determination: | Not Applicable | ||
| (viii) | Linear Interpolation: | Not Applicable | ||
| (ix) | $Margin(s)$ : | $+0.50$ per cent. per annum | ||
| (x) | Minimum Rate of Interest: | 0.00 per cent. per annum | ||
| $(x_i)$ | Maximum Rate of Interest: | Not Applicable | ||
| (xii) | Day Count Fraction: | Actual/360 |
| 15. | Zero Coupon Note Provisions | Not Applicable | |||
|---|---|---|---|---|---|
| PROVISIONS RELATING TO REDEMPTION | |||||
| 16. | Issuer Call: | Not Applicable | |||
| 17. | Make-whole Redemption by the Issuer: | Not Applicable | |||
| 18. | Investor Put: | Not Applicable | |||
| 19. | Final Redemption Amount: | EUR 100,000 per Calculation Amount | |||
| 20. | Early Redemption Amount payable on redemption for taxation reasons or on event of default: |
EUR 100,000 per Calculation Amount |
| 21. | Form of Notes: | Bearer Notes: | |
|---|---|---|---|
| (i) | Form: | Temporary Bearer Global Note exchangeable for a Global Note Bearer Permanent which $\overline{1}$ exchangeable for Definitive Notes only upon an Exchange Event |
|
| Notes shall not be physically delivered in Belgium, except to a clearing system, a depository or other institution for the purpose of their immobilisation in accordance with article 4 of the Belgian Law of 14 December 2005. |
|||
| (ii) | New Global Note: | Yes | |
| 22. | Additional Financial Centre(s): | London | |
| 23. | Talons for future Coupons to be attached to Definitive Bearer Notes: |
N 0 |
| Ann Cantin | Signed on behalf of ASSA ABLOY AB (publ): | |
|---|---|---|
| $\mathbf{By:}$ | Duly authorised Jonas Gard morte | |
| Signed on behalf of $\triangle$ SSA $\triangle$ BLOY AB (publ): | |
|---|---|
| By: | |
| Duly authorised | man knigren |
5.
Ratings:
The Notes to be issued are not to be rated
Save for any fees payable to the Dealer, so far as the Issuer is aware, no person involved in the issue of the Notes has an interest material to the offer. The Dealers and its affiliates have engaged, and may in the future engage, in investment banking and/or commercial banking transactions with, and may perform other services for, the Issuer and its affiliates in the ordinary course of business.
| (i) | ISIN: | XS1725398314 |
|---|---|---|
| (ii) | Common Code: | 172539831 |
| (iii) | Any clearing system(s) other than Not Applicable DTC, Euroclear and Clearstream, Luxembourg and the relevant identification number (s): |
|
| (iv) | Names and addresses of initial Paying Agent(s) (if any): |
Citibank, N.A., London Branch |
| Citigroup Centre | ||
| Canada Square | ||
| Canary Wharf | ||
| London E14 5LB | ||
| United Kingdom | ||
| (v) | Names and addresses of additional Paying Agent(s) (if any): |
Not Applicable |
| DISTRIBUTION | ||
| (i) | U.S. Selling Restrictions: | Reg. S Compliance Category 2; TEFRA D |
$(ii)$ Prohibition of Sales to EEA Retail Not applicable Investors:
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