ASSA ABLOY

Prospectus • Apr 8, 2019

FINAL TERMS

MIFID II PRODUCT GOVERNANCE / PROFESSIONAL INVESTORS AND ECPS ONLY TARGET MARKET - Solely for the purposes of the manufacturer's product approval process, the target market assessment in respect of the Notes has led to the conclusion that: (i) the target market for the Notes is eligible counterparties and professional clients only, each as defined in Directive 2014/65/EU (as amended, MIFID II); and (II) all channels for distribution of the Notes to eligible counterparties and professional clients are appropriate. Any person subsequently offering, selling or recommending the Notes (a distributor) should take into consideration the manufacturer's target market assessment; however, a distributor subject to MiFID II is responsible for undertaking its own target market assessment in respect of the Notes (by either adopting or refining the manufacturer's target market assessment) and determining appropriate distribution channels.

27 March 2019

ASSA ABLOY AB (publ)

Legal entity identifier (LEI): 549300YECS8HKCIMMB67

Issue of SEK 550,000,000 1.000 per cent. Fixed Rate Notes due 2 April 2024 under the €2,500,000,000 Global Medium Term Note Programme

PART A - CONTRACTUAL TERMS

Terms used herein shall be deemed to be defined as such for the conditions set forth in the Offering Circular dated 26 October 2018 (the Offering Circular together with the supplement to it dated 5 February 2019, 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-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.

1.	(i)	Issuer:	ASSA ABLOY AB (publ)
2.	(i)	Series Number:	69
	(11)	Tranche Number:	1
	(11) =	Date on which the Notes will be Not Applicable consolidated and form a single Series:
3.	Specified Currency or Currencies:		Swedish Kronor ("SEK")
4.	Aggregate Nominal Amount:
	(i)	Series:	SEK 550,000,000
	(ii)	Tranche:	SEK 550,000,000
5.	Issue Price of Tranche:		99.903 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 SEK 1,000,000 calculation of interest in global form see the Conditions):
7.	(i)	Issue Date:	2 April 2019
	(11)	Interest Commencement Date:	Issue Date
8.	Maturity Date:		2 April 2024
9.	Interest Basis:		1.000 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 100.00 per cent. of their nominal amount
11.	Change of Interest Basis:		Not Applicable
12.	Put/Call Options:		Not Applicable

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PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE

13.		Fixed Rate Note Provisions	Applicable
	(i)	Rate(s) of Interest:	1.000 per cent. per annum payable in arrear on each Interest Payment Date
	(ii)	Interest Payment Date(s):	2 April in each year from, and including 2 April 2020, up to and including the Maturity Date
		(iii) Fixed Coupon Amount(s) for Notes in SEK 10,000 per Calculation Amount definitive form (and in relation to Notes in global form see the Conditions):
		(iv) Broken Amount(s) for Notes in Not Applicable definitive form (and in relation to Notes in global form see the Conditions):
	(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.	default:	Early Redemption Amount payable on redemption for taxation reasons or on event of	SEK 1,000,000 per Calculation Amount

GENERAL PROVISIONS APPLICABLE TO THE NOTES

• 1. Form of Notes:
  2. (i) Form:

Bearer Notes:

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

No

Not Applicable

No.

• (ii) Additional Financial Centre(s):
• 1. Definitive Bearer Notes:

New Global Note:

THIRD PARTY INFORMATION

Not Applicable

22.

Signed on behalf of ASSA ABLOY AB (publ):

By: Duly authorised Jon'as Grandmont

Signed on behalf of ASSA ABLOY AB (publ):

By:_ Duly authorised Lena Bernhard seen

PART B- OTHER INFORMATION

LISTING AND ADMISSION TO TRADING 1 ..

• Listing and admission to trading: London (i)
• (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

INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE 3.

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.

YIELD 4.

Indication of yield:

1.02 per cent. per annum

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

5. OPERATIONAL INFORMATION

• ISIN: XS1973714717 (i) (ii) Common Code: 197371471
• (iii) Any clearing system(s) other than Not Applicable DTC, Euroclear and Clearstream, Luxembourg and the relevant identification number (s):
• (iv) Agent(s) (if any):

Citigroup Centre Canada Square Canary Wharf London E14 5LB United Kingdom

• (v) Names and addresses of additional Not Applicable Paying Agent(s) (if any):
• CFI. (vi)
• (vii) FISN:
• would allow Eurosystem eligibility:

DTFXFB

ASSA ABLOY AB/1EMTN 20240402

(vii) Intended to be held in a manner which No. Whilst the designation is specified as "no" at the date of this Final Terms, should the Eurosystem eligibility criteria be amended in the future such that the Notes are capable of meeting them the Notes may then be deposited with one of the ICSDs as common safekeeper. Note that this does not necessarily mean that the Notes will then be recognised as eligible collateral for Eurosystem monetary policy and intra

day credit operations by the Eurosystem at any time during their life. Such recognition will depend upon the ECB being satisfied that Eurosystem eligibility criteria have been met.

6. DISTRIBUTION

U.S. Selling Restrictions: (i)

Reg. S Compliance Category 2; TEFRA D

• (ii) Prohibition of Sales to EEA Retail Not Applicable Investors:
• (iii) Prohibition of Sales to Belgian Applicable Consumers: