ASSA ABLOY — Capital/Financing Update 2018

Apr 24, 2018

FINAL TERMS

23 April 2018

ASSA ABLOY AB (publ

Issue of SEK 500,000,000 0.375 per cent. Fixed Rate Notes due 26 July 2021 under the $E2,000,000,000$ Global Medium Term Note Programme

PART A - CONTRACTUAL TERMS

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 together with the supplement to it dated 6 February 2018, 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 a regulatory information service (www.londonstockexchange.com/exchange/news/market-news/market-newshome.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.

1.		Issuer:	ASSA ABLOY AB (publ)
2.	(i)	Series Number:	60
	(ii)	Tranche Number:	1
	(iii)	Date on which the Notes will be consolidated and form a single Series:	Not Applicable
3.5	Specified Currency or Currencies:		Swedish Kronor ("SEK")
4.	Aggregate Nominal Amount:
	(i)	Series:	SEK 500,000,000
	(ii)	Tranche:	SEK 500,000,000
5.		Issue Price of Tranche:	99.807 per cent. of the Aggregate Nominal Amount
6.	(i)	Specified Denominations:	SEK 2,000,000 and integral multiples of SEK 1,000,000 in excess thereof
	(ii)	Calculation Amount (in relation to calculation of interest in global form see the Conditions):	SEK 1,000,000
7.	(i)	Issue Date:	25 April 2018
	(ii)	Interest Commencement Date:	Issue Date
8.	Maturity Date:		26 July 2021

9.	Interest Basis:	0.375 per cent. Fixed Rate (see paragraph 13 below)
10.	Redemption Basis:	Subject to any purchase and cancellation or early redemption, the Notes will be redeemed on the Maturity Date at 100 per cent. of their nominal amount.
11.	Change of Interest Basis:	Not Applicable
12.	Put/Call Options:	Not Applicable

PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE

13.	Fixed Rate Note Provisions		Applicable
	(i)	Rate(s) of Interest:	0.375 per cent. per annum payable in arrear on each Interest Payment Date
	(ii)	Interest Payment Date(s):	26 July in each year, commencing on 26 July 2018, up to and including the Maturity Date
	(iii)	Fixed Coupon Amount(s) for Notes in definitive form (and in relation to Notes in global form see the Conditions):	SEK 3,750 per Calculation Amount
	(iv)	Broken Amount(s) for Notes in definitive form (and in relation to Notes in global form see the Conditions):	SEK 947.92 per Calculation Amount, payable on the Interest Payment Date falling on 26 July 2018
	(v)	Day Count Fraction:	30/360
	(vi)	Determination Date(s):	Not Applicable
14.	Floating Rate Note Provisions		Not Applicable
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:		SEK 1,000,000 per Calculation Amount
20.	Early Redemption Amount payable on redemption for taxation reasons or on event of default:		SEK 1,000,000 per Calculation Amount
CENERAL PROVISIONS APPLICARLE TO THE NOTES

GENERAL PROVISIONS APPLICABLE TO THE NOTES

21. Form of Notes:		Bearer Notes:
	Form:	Temporary Bearer Global Note exchangeable for a

Permanent Bearer Global Note which is exchangeable for Definitive Notes only upon an Exchange Event

New Global Note: $(ii)$

1. Additional Financial Centre(s): Not Applicable

Yes

N_o

1. Talons for future Coupons to be attached to Definitive Bearer Notes:

Signed on behalf of ASSA ABLOY AB (publ): By:

Jonas Cierchart Duly authorised

Signed on behalf of ASSA ABLOY AB (publ):

By: $\equiv$ Lena Bernhardssey Duly authorised

PART B - OTHER INFORMATION

$1.$ LISTING AND ADMISSION TO TRADING

• $(i)$ Listing and admission to trading: London
• $(ii)$ Estimate of total expenses related to GBP 2,185 admission to trading:

$2.$ RATINGS

Ratings:

The Notes to be issued are not to be rated

$3₁$ INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE

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 Dealer 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.

$4.$ YIELD

6.

Indication of yield:

0.435 per cent. The yield is calculated at the Issue Date on the basis of the Issue Price. It is not an indication of future yield.

5. OPERATIONAL INFORMATION

(i)	ISIN:	XS1812927090
(ii)	Common Code:	181292709
(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 Warf 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 Investors:	Not Applicable