Obligation ABB Industries 2.625% ( XS0763122578 ) en EUR

ABB Industries

100 % ▼

Suisse

XS0763122578 ( en EUR )

2.625% par an ( paiement annuel )

26/03/2019 - Obligation échue

Prospectus brochure de l'obligation ABB XS0763122578 en EUR 2.625%, échue

100 000 EUR

1 250 000 000 EUR

ABB est une société multinationale suisse de technologie qui opère dans les domaines de l'électrification, des automatismes industriels et des technologies numériques.

L'Obligation émise par ABB Industries ( Suisse ) , en EUR, avec le code ISIN XS0763122578, paye un coupon de 2.625% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 26/03/2019

INFORMATION MEMORANDUM

ABB FINANCE B.V.
(incorporated with limited liability in The Netherlands and having its corporate seat in Rotterdam)

ABB FINANCE (USA) INC.
(incorporated with limited liability in the state of Delaware)

PROGRAMME FOR THE
ISSUANCE OF UP TO U.S.$8,000,000,000 DEBT INSTRUMENTS
Guaranteed by
ABB LTD
(incorporated with limited liability in Switzerland)

Under the programme for the issuance of debt instruments (the "Programme"), ABB Finance B.V. ("ABB Netherlands") and ABB Finance (USA) Inc.
("ABB USA", and, together with ABB Netherlands, the "Issuers"), subject to compliance with all relevant laws, regulations and directives, may from
time to time issue instruments (the "Instruments") which benefit from a Guarantee ("Guarantee") entered into by ABB Ltd ("ABB Ltd" or the
"Guarantor") effective as of April 30, 2021. The text of the Guarantee is reproduced in full in Schedule 1 of this Information Memorandum.
Application has been made to the Luxembourg Stock Exchange, in its capacity as market operator of the Euro MTF market (the "Euro MTF Market")
under the Luxembourg law on prospectuses for securities dated July 16, 2019 (the "Luxembourg Law") for the Instruments issued under the Programme
during the period of twelve months from the date of this Information Memorandum to be admitted to trading on the Euro MTF Market and admitted to
listing on the Official List of the Luxembourg Stock Exchange. The Euro MTF Market is not a regulated market for the purposes of Directive 2014/65/EU
on markets in financial instruments (as amended, "MiFID II"). This Information Memorandum constitutes a prospectus for purposes of Part IV of the
Luxembourg Law and for the purposes of the admission to trading of the Instruments on the Euro MTF Market in accordance with the rules and regulations
of the Luxembourg Stock Exchange. This document does not constitute a prospectus issued in compliance with Regulation (EU) 2017/1129 (the
"Prospectus Regulation").
The Instruments have not been and will not be registered under the U.S. Securities Act of 1933, as amended, (the "Securities Act") and may not be
offered, sold or delivered in the United States or to, or for the benefit of, U.S. persons (as defined in Regulation S of the Securities Act) except in certain
transactions exempt from the registration requirements of the Securities Act.
This Information Memorandum replaces the Information Memorandum dated May 5, 2020 in respect of the Programme.
Investing in Instruments issued under the Programme involves certain risks. The principal risk factors that may affect the ability of the Issuers and the
Guarantor to fulfil their obligations under the Instruments issued under the Programme are discussed under "Risk Factors" below.

ARRANGER FOR THE PROGRAMME
BNP PARIBAS

DEALERS
BARCLAYS
BofA SECURITIES
BNP PARIBAS
CITIGROUP
CRÉDIT AGRICOLE CIB
CREDIT SUISSE
DEUTSCHE BANK
GOLDMAN SACHS BANK EUROPE SE
HSBC
ING
J.P. MORGAN
SOCIÉTÉ GÉNÉRALE CORPORATE & INVESTMENT BANKING
UBS INVESTMENT BANK
UNICREDIT

April 30, 2021

CONTENTS

Page
IMPORTANT NOTICE ............................................................................................................................... 2
DOCUMENTS INCORPORATED BY REFERENCE ............................................................................... 7
SUMMARY OF THE PROGRAMME ........................................................................................................ 9
RISK FACTORS ........................................................................................................................................ 14
FINAL TERMS AND DRAWDOWN INFORMATION MEMORANDUMS ......................................... 21
FORMS OF THE INSTRUMENTS ........................................................................................................... 22
TERMS AND CONDITIONS OF THE INSTRUMENTS ........................................................................ 28
FORM OF FINAL TERMS ........................................................................................................................ 58
SUMMARY OF PROVISIONS RELATING TO THE INSTRUMENTS WHILE IN GLOBAL FORM 71
GOVERNING LAW AND PLACE OF JURISDICTION ......................................................................... 73
USE OF PROCEEDS ................................................................................................................................. 74
RELATIONSHIP WITH ABB LTD .......................................................................................................... 75
DESCRIPTION OF ABB LTD AND THE ABB GROUP ........................................................................ 76
DESCRIPTION OF ABB FINANCE B.V. ................................................................................................ 78
DESCRIPTION OF ABB FINANCE (USA) INC. .................................................................................... 80
SUBSCRIPTION AND SALE ................................................................................................................... 82
TAXATION ............................................................................................................................................... 86
GENERAL INFORMATION .................................................................................................................... 94
SCHEDULE 1 GUARANTEE ................................................................................................................... 97
INDEX OF DEFINED TERMS ............................................................................................................... 101

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IMPORTANT NOTICE
Responsibility for this Information Memorandum
Each of ABB Netherlands, ABB USA and ABB Ltd accepts responsibility for the information contained in
this Information Memorandum.
ABB Netherlands declares that, having taken all reasonable care to ensure that such is the case, the
information contained herein relating to ABB Netherlands and the Instruments, for which it is a relevant
Issuer (as defined below) is, to the best of its knowledge, in accordance with the facts and contains no
omission likely to affect its import.
ABB USA declares that, having taken all reasonable care to ensure that such is the case, the information
contained herein relating to ABB USA and the Instruments, for which it is a relevant Issuer, is, to the best
of its knowledge, in accordance with the facts and contains no omission likely to affect its import.
ABB Ltd declares that, having taken all reasonable care to ensure that such is the case, the information
contained herein relating to ABB Ltd, its consolidated subsidiaries, including each of ABB Netherlands
and ABB USA (together, the "ABB Group", "ABB" or the "Group") and the Guarantee is, to the best of
its knowledge, in accordance with the facts and contains no omission likely to affect its import. In this
Information Memorandum, references to "the ABB Group", "ABB", "we", "our" and "us" refer to ABB
Ltd and its consolidated subsidiaries, including the Issuers, unless the context otherwise requires.
In this Information Memorandum, references to the "Issuer" are to either ABB Netherlands or ABB USA,
as the case may be and references to the "Issuers" are to both of them. All references to the "relevant
Issuer" shall be references to the Issuer which is the issuer or proposed issuer of such Instruments as
specified in the relevant Final Terms (as defined herein).
Final Terms/Drawdown Information Memorandum
Each Tranche (as defined herein) of Instruments will be issued on the terms set out herein under "Terms
and Conditions of the Instruments" (the "Conditions") as amended and/or supplemented by a document
specific to such Tranche called final terms (the "Final Terms") or in a separate information memorandum
specific to such Tranche (the "Drawdown Information Memorandum") as described under "Final Terms
and Drawdown Information Memorandum" below. In the case of a Tranche of Instruments which is the
subject of a Drawdown Information Memorandum, each reference in this Information Memorandum to
information being specified or identified in the relevant final terms shall be read and construed as a
reference to such information being specified or identified in the relevant Drawdown Information
Memorandum unless the context requires otherwise. This Information Memorandum must be read and
construed together with any amendments or supplements hereto and with the information incorporated by
reference herein and, in relation to any Tranche of Instruments which is the subject of Final Terms, must
be read and construed together with the relevant Final Terms.
Unauthorised Information
No person has been authorised to give any information or to make any representation regarding ABB
Netherlands, ABB USA, the Guarantor or the ABB Group or the Instruments other than as contained in or
extracted from or incorporated by reference in this Information Memorandum, the Dealership Agreement,
the Fiscal Agency Agreement, the Deeds of Covenant (each as defined herein), the Guarantee or any Final
Terms or in any public information or as approved in writing for such purpose by the relevant Issuer and
the Guarantor and, if given or made, any such representation or information should not be relied upon as
having been authorised by the relevant Issuer, the Guarantor or any member of the ABB Group or the
Dealers or any of them.
None of the Dealers has separately verified the information contained in this Information Memorandum.
No representation or warranty is made or implied by the Dealers or any of their respective affiliates, and
neither the Dealers nor any of their respective affiliates makes any representation or warranty, as to the
accuracy or completeness of the information contained herein. The Dealers assume no responsibility for
this Information Memorandum.
Neither the delivery of this Information Memorandum or any Final Terms nor the offering, sale or delivery
of any Instruments shall, in any circumstances, create any implication that the information contained in this

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Information Memorandum is true subsequent to the date hereof or the date upon which this Information
Memorandum has been most recently amended or supplemented or that there has been no adverse change,
or any event reasonably likely to involve any adverse change, in the prospects or financial or trading
position of ABB Netherlands, ABB USA, the Guarantor or the ABB Group since the date hereof or the date
upon which this document has been most recently amended or supplemented or that any other information
supplied in connection with the Programme is correct at any time subsequent to the date on which it is
supplied or, if different, the date indicated in the document containing the same.
This Information Memorandum may be used in connection with the listing and admission to trading of not
more than U.S.$8,000,000,000 in aggregate principal amount of Instruments outstanding at any time (or
the equivalent in any other currency at the date of the agreement for the issue of such Instruments). This
Information Memorandum may only be used for the purpose for which it has been published. This document
must be read in conjunction with all documents incorporated by reference in and forming part of this
Information Memorandum (see under "Documents Incorporated by Reference") and shall be construed
accordingly.
Restrictions on Distribution
The distribution of this Information Memorandum and any Final Terms and the offering, sale and delivery
of the Instruments in certain jurisdictions may be restricted by law. Persons into whose possession this
Information Memorandum or any Final Terms comes are required by the relevant Issuer, the Guarantor and
the Dealers to inform themselves about and to observe any such restrictions. For a description of certain
restrictions on offers, sales and deliveries of Instruments and on the distribution of this Information
Memorandum or any Final Terms and other offering material relating to the Instruments, see "Subscription
and Sale".
In particular, Instruments have not been and will not be registered under the Securities Act and may
include Instruments in bearer form which are subject to U.S. tax law requirements. Subject to certain
exceptions, Instruments may not be offered, sold or, in the case of Instruments in bearer form,
delivered within the United States or to U.S. persons. In addition, ABB USA may only issue
Instruments in registered form. This Information Memorandum and any Final Terms may not be
used for the purpose of an offer or solicitation by anyone in any jurisdiction in which such offer or
solicitation is not authorised or to any person to whom it is unlawful to make such offer or solicitation.
This Information Memorandum and any Final Terms do not constitute an offer or an invitation to subscribe
for or purchase any Instruments and should not be considered as a recommendation by either of the Issuers,
the Guarantor or any Dealer that any recipient of this Information Memorandum or any Final Terms should
subscribe for or purchase any Instruments. Each recipient shall be taken to have made its own investigation
and appraisal of the condition (financial or otherwise) of ABB Netherlands, ABB USA and the Guarantor.
Product Governance under MiFID II
A determination will be made in relation to each issue about whether, for the purpose of the MiFID II
Product Governance rules under EU Delegated Directive 2017/593 (the "MiFID Product Governance
Rules"), any Dealer subscribing for any Instruments is a manufacturer in respect of such Instruments, but
otherwise neither the Arranger nor the Dealers nor any of their respective affiliates will be a manufacturer
for the purpose of the MiFID Product Governance Rules.
The Final Terms in respect of any Instruments may include a legend entitled "MiFID II Product
Governance" which will outline the target market assessment in respect of the Instruments and which
channels for distribution of the Instruments are appropriate. Any person subsequently offering, selling or
recommending the Instruments (a "distributor") should take into consideration the target market
assessment; however, a distributor subject to MiFID II is responsible for undertaking its own target market
assessment in respect of the Instruments (by either adopting or refining the target market assessment) and
determining appropriate distribution channels.
Product Governance under Regulation (EU) No 600/2014 as it forms part of domestic law by virtue
of the European Union (Withdrawal) Act 2018 ("UK MiFIR")
A determination will be made in relation to each issue about whether, for the purpose of the UK MiFIR
product governance rules set out in the Financial Conduct Authority ("FCA") Handbook Product

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Intervention and Product Governance Sourcebook (the "UK MiFIR Product Governance Rules"), any
Dealer subscribing for any Instruments is a manufacturer in respect of such Instruments, but otherwise
neither the Arranger nor the Dealers nor any of their respective affiliates will be a manufacturer for the
purpose of the UK MiFIR Product Governance Rules.

The Final Terms in respect of any Instruments may include a legend entitled "UK MiFIR Product
Governance" which will outline the target market assessment in respect of the Instruments and which
channels for distribution of the Instruments are appropriate. Any distributor should take into consideration
the target market assessment; however, a distributor subject to the UK MiFIR Product Governance Rules
is responsible for undertaking its own target market assessment in respect of the Instruments (by either
adopting or refining the target market assessment) and determining appropriate distribution channels.

IMPORTANT - EEA Retail Investors  If the Final Terms in respect of any Instruments includes a legend
entitled "Prohibition of Sales to EEA Retail Investors", the Instruments are not intended to be offered, sold
or otherwise made available to and should not be offered, sold or otherwise made available to any retail
investor in the European Economic Area ("EEA"). For these purposes, a retail investor means a person who
is one (or more) of: (i) a retail client as defined in point (11) of Article 4(1) of MiFID II; or (ii) a customer
within the meaning of Directive (EU) 2016/97 (as amended, the "Insurance Distribution Directive"),
where that customer would not qualify as a professional client as defined in point (10) of Article 4(1) of
MiFID II. Consequently no key information document required by Regulation (EU) No 1286/2014 (the
"EU PRIIPs Regulation") for offering or selling the Instruments or otherwise making them available to
retail investors in the EEA has been prepared and therefore offering or selling the Instruments or otherwise
making them available to any retail investor in the EEA may be unlawful under the EU PRIIPs Regulation.
IMPORTANT - UK Retail Investors If the Final Terms in respect of any Instruments includes a legend
entitled "Prohibition of Sales to UK Retail Investors", the Instruments are not intended to be offered, sold
or otherwise made available to and should not be offered, sold or otherwise made available to any retail
investor in the United Kingdom ("UK"). For these purposes, a retail investor means a person who is one
(or more) of: (i) a retail client, as defined in point (8) of Article 2 of Regulation (EU) No 2017/565 as it
forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018 (the "EUWA"); or (ii)
a customer within the meaning of the provisions of the Financial Services and Market Act 2000 (as
amended, "FSMA") and any rules or regulations made under the FSMA to implement the Insurance
Distribution Directive, where that customer would not qualify as a professional client, as defined in point
(8) of Article 2(1) of Regulation (EU) No 600/2014 as it forms part of domestic law by virtue of the EUWA.
Consequently no key information document required by Regulation (EU) No 1286/2014 as it forms part of
domestic law by virtue of the EUWA (the "UK PRIIPs Regulation") for offering or selling the Instruments
or otherwise making them available to retail investors in the UK has been prepared and therefore offering
or selling the Instruments or otherwise making them available to any retail investor in the UK may be
unlawful under the UK PRIIPs Regulation.
Notification under Section 309B(1)(c) of the Securities and Futures Act (Chapter 289) of Singapore,
as modified or amended from time to time (the "SFA")
Unless otherwise stated in the Final Terms, as the case may be, in respect of any Instruments and solely for
the purposes of its obligations pursuant to sections 309B(1)(a) and 309B(1)(c) of the SFA, the relevant
Issuer has determined, and hereby notifies all relevant persons (as defined in Section 309A(1) of the SFA)
that all Instruments to be issued under the Programme should be "prescribed capital markets products" (as
defined in the Securities and Futures (Capital Markets Products) Regulations 2018 of Singapore).
Canadian Investor Notice
The Instruments may be sold only to purchasers purchasing, or deemed to be purchasing, as principal that
are accredited investors, as defined in National Instrument 45-106 Prospectus Exemptions or subsection
73.3(1) of the Securities Act (Ontario), and are permitted clients, as defined in National Instrument 31-103
Registration Requirements, Exemptions and Ongoing Registrant Obligations. Any resale of the Instruments
must be made in accordance with an exemption from, or in a transaction not subject to, the prospectus
requirements of applicable securities laws. Securities legislation in certain provinces or territories of Canada
may provide a purchaser with remedies for rescission or damages if this Information Memorandum
(including any amendment thereto) contains a misrepresentation, provided that the remedies for rescission
or damages are exercised by the purchaser within the time limit prescribed by the securities legislation of
the purchaser's province or territory. The purchaser should refer to any applicable provisions of the

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securities legislation of the purchaser's province or territory for particulars of these rights or consult with a
legal advisor. Pursuant to section 3A.3 (or, in the case of securities issued or guaranteed by the government
of a non-Canadian jurisdiction, section 3A.4) of National Instrument 33-105 Underwriting Conflicts (NI
33-105), the Dealers are not required to comply with the disclosure requirements of NI 33-105 regarding
underwriter conflicts of interest in connection with this offering.
Ratings
Instruments issued under the Programme may be rated or unrated. Where Instruments are rated, such rating
will not necessarily be the same as the rating(s) assigned to Instruments already issued. Where Instruments
are rated, the applicable rating(s) will be specified in the relevant Final Terms. Whether or not each credit
rating applied for in relation to a relevant Tranche of Instruments will be (1) issued or endorsed by a credit
rating agency established in the EEA and registered under Regulation (EU) No 1060/2009, as amended (the
"EU CRA Regulation") or by a credit rating agency which is certified under the EU CRA Regulation
and/or (2) issued or endorsed by a credit rating agency established in the UK and registered under the EU
CRA Regulation as it forms part of domestic law of the UK by virtue of the European Union (Withdrawal)
Act 2018 ( the "UK CRA Regulation") or by a credit rating agency which is certified under the UK CRA
Regulation will be disclosed in the Final Terms.
In general, European regulated investors are restricted from using a rating for regulatory purposes if such
rating is not issued by a credit rating agency established in the EEA and registered under the EU CRA
Regulation or (1) the rating is provided by a credit rating agency not established in the EEA but is endorsed
by a credit rating agency established in the EEA and registered under the EU CRA Regulation or (2) the
rating is provided by a credit rating agency not established in the EEA which is certified under the EU CRA
Regulation. In general, UK regulated investors are restricted from using a rating for regulatory purposes if
such rating is not issued by a credit rating agency established in the UK and registered under the UK CRA
Regulation or (1) the rating is provided by a credit rating agency not established in the UK but is endorsed
by a credit rating agency established in the UK and registered under the UK CRA Regulation or (2) the
rating is provided by a credit rating agency not established in the UK which is certified under the UK CRA
Regulation.
A credit rating is not a recommendation to buy, sell or hold securities and may be revised or
withdrawn by the rating agency at any time.
Certain definitions
In this Information Memorandum, all references to "Euro", "euro", "EUR" and "" are to the currency
introduced at the start of the third stage of European economic and monetary union, and as defined in
Article 2 of Council Regulation (EC) No 974/98 of 3 May 1998 on the introduction of the euro, as amended,
all references to "dollars", "U.S. dollars", "$", "USD" and "U.S.$" are to the lawful currency of the United
States of America, all references to "Swiss Francs", "CHF" and "SFr" are to the lawful currency of
Switzerland, all references to "£", "Pounds Sterling" and "GBP" are to the lawful currency of the United
Kingdom (the "UK") and references to a "Member State" are references to a Member State of the European
Economic Area or European Union, as applicable.
Certain figures included in this Information Memorandum have been subject to rounding adjustments;
accordingly, figures shown for the same category presented in different tables may vary slightly and figures
shown as totals in certain tables may not be an arithmetic aggregation of the figures which precede them.
Stabilisation
In connection with the issue of any Tranche of Instruments, the Dealer or Dealers (if any) named as
the Stabilising Manager(s) (or persons acting on behalf of any Stabilising Manager(s)) in the
applicable Final Terms may over allot Instruments or effect transactions with a view to supporting
the market price of the Instruments at a level higher than that which might otherwise prevail.
However, stabilisation may not necessarily occur. Any stabilisation action may begin on or after the
date on which adequate public disclosure of the terms of the offer of the relevant Tranche of
Instruments is made and, if begun, may cease at any time, but it must end no later than the earlier of
30 days after the issue date of the relevant Tranche of Instruments and 60 days after the date of the
allotment of the relevant Tranche of Instruments. Any stabilisation action or over-allotment must be

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conducted by the relevant Stabilising Manager(s) (or person(s) acting on behalf of any Stabilising
Manager(s)) in accordance with all applicable laws and rules.

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DOCUMENTS INCORPORATED BY REFERENCE
The following documents shall be deemed to be incorporated in, and to form part of, this Information
Memorandum:
(i)
the audited consolidated balance sheets of ABB Ltd and its subsidiaries (the "Group") as of
December 31, 2020 and 2019 and the related consolidated income statements, statements of
comprehensive income, cash flows and changes in stockholders' equity for each of the years in the
three-year period ended December 31, 2020, and the related notes (as well as the auditor's reports
thereon) as set out on pages 146 to 227 of the ABB Group Annual Report 2020;
(ii)
the audited statutory financial statements of ABB Ltd, which comprise the balance sheet, income
statement and notes, for the year ended December 31, 2020 included in the ABB Group Annual
Report 2020;
(iii)
the unaudited consolidated balance sheet of the Group as of March 31, 2021 and the related
consolidated income statements, condensed statements of comprehensive income, statements of
cash flows and statements of changes in stockholders' equity for each of the three-month periods
ended March 31, 2021 and 2020, and the related notes (the "Q1 2021 Financial Information")
(iv)
the Annual Report on Form 20-F of ABB Ltd for the year ended December 31, 2020 filed by ABB
Ltd to the U.S. Securities and Exchange Commission (the "SEC") which can be accessed via the
internet at http://www.sec.gov/edgar.shtml or http://new.abb.com/media/group-reports (the "Form
20-F");
(v)
the Independent Auditor's Report and the audited financial statements of ABB Finance B.V., which
comprise the balance sheet as at December 31, 2020, the profit and loss account for the year then
ended and the related notes, (set out on pages 5 to 22 and 24 to 29) of the 2020 Annual Report of
ABB Finance B.V. found at: https://global.abb/group/en/investors/investor-and-shareholder-
resources/bond-rating/borrowing-structure (the "ABB Netherlands Financial Statements"); and
(vi)
the Independent Auditors' Report and the audited financial statements of ABB Finance (USA) Inc.
which comprise the balance sheets as at December 31, 2020 and 2019, and the related statements
of income, changes in stockholder's equity, and cash flows for the years then ended, and the related
notes (set out on pages 3 to 16, of the 2020 Financial Statements of ABB Finance (USA) Inc. found
at:
https://global.abb/group/en/investors/investor-and-shareholder-resources/bond-
rating/borrowing-structure (the "ABB USA Financial Statements"),
save that any statement contained herein or in any of the documents incorporated by reference in, and
forming part of, this Information Memorandum shall be deemed to be modified or superseded for the
purpose of this Information Memorandum to the extent that a statement contained in any document
subsequently incorporated by reference modifies or supersedes such statement provided that such
modifying or superseding statement is made by way of supplement to the Information Memorandum.
The following table sets out the relevant page numbers of some of the financial information in the audited
consolidated financial statements of ABB Ltd in respect of the financial years ended December 31, 2020
and December 31, 2019.
Consolidated Financial Statements
of 2020 and 2019 (as set out in the

ABB Group Annual Report 2020)
Consolidated Income Statements.......................................................................................
153
Consolidated Balance Sheets .............................................................................................
155
Consolidated Statements of Cash Flows ............................................................................
156-157
Report of the Statutory Auditor on the Consolidated Financial Statements (2020) ...........
146-150
Report of the Independent Registered Public Accounting Firm on Internal Control Over
151-152
Financial Reporting (2020) ......................................................
Notes to the Consolidated Financial Statements (including significant accounting
160-227
policies) .........................................................................................................................

The following table sets out the relevant page numbers of some of the financial information in the audited
statutory financial statements of ABB Ltd in respect of the financial year ended December 31, 2020.

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Statutory Financial Statements
of 2020 (as set out in the ABB Group

Annual Report 2020)
Income Statement ..............................................................................................................
231
Balance Sheet ....................................................................................................................
231
Notes to Financial Statements ...........................................................................................
232-241
Report of the Statutory Auditor on the Financial Statements.............................................
243-244

The following table sets out the relevant page numbers of some of the financial information in the unaudited
consolidated financial information of the Group as of March 31, 2021 and for each of the three-month
periods ended March 31, 2021 and 2020.

Q1 2021 Financial Information
Consolidated Income Statements.......................................................................................
6
Consolidated Balance Sheet ..............................................................................................
8
Consolidated Statements of Cash Flows ............................................................................
9
Notes to the Consolidated Financial Information ..............................................................
11-31

The Guarantor will, at the specified offices of the Fiscal Agent, provide, free of charge, upon the oral or
written request therefor, a copy of this Information Memorandum, and supplements or amendments to the
Information Memorandum and any or all of the documents incorporated by reference herein and therein.
Written or oral requests for such documents should be directed to the specified office of any Paying Agent.
The reports filed by ABB Ltd with the SEC may also be inspected and copied at prescribed rates at the
SEC's public reference room at 450 Fifth Street N.W., Washington, D.C. 20549 or accessed via the internet
at http://www.sec.gov. Documents incorporated by reference will also be published on the ABB website at
http://new.abb.com/media/group-reports
and
https://global.abb/group/en/investors/investor-and-
shareholder-resources/bond-rating/borrowing-structure.
For the avoidance of doubt, any documents themselves incorporated by reference in the documents listed
at paragraphs (i) to (vi) inclusive above (including links to websites) shall not form part of this Information
Memorandum. Any information contained in the documents listed at paragraphs (i) to (vi) inclusive above
which is not incorporated by reference in this Information Memorandum is either not relevant to investors
or is covered elsewhere in this Information Memorandum

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SUMMARY OF THE PROGRAMME
The following is a brief summary only and should be read, in relation to any Instruments, in conjunction
with the relevant Final Terms and, to the extent applicable, the Terms and Conditions of the Instruments
set out on pages 28 to 57 hereof. Words and expressions defined in the "Terms and Conditions of the
Instruments" below or elsewhere in this Information Memorandum have the same meanings in this
summary.
"Issuers ":
ABB Finance B.V. (Issuer LEI Number: 5493004JXXFB454B6L79)
ABB Finance (USA) Inc. (Issuer LEI Number:
5493002Y01YAFV45F528)
"Guarantor":
ABB Ltd.
"Guarantee":
Holders of the Instruments issued under the Programme have the
benefit of a Guarantee entered into by ABB Ltd effective as of April
30, 2021.
"Status of Instruments":
The Instruments will constitute (subject to Condition 4.01 (Negative
Pledge)) unsecured and unsubordinated obligations of the relevant
Issuer and will at all times rank pari passu in right of payment and
without any preference among themselves.
"Status of Guarantee":
The guarantee of the Instruments will constitute direct, unsecured and
unsubordinated obligations of the Guarantor and will at all times rank
pari passu with all other present and future direct, unsecured and
unsubordinated obligations of the Guarantor, save for such obligations
as may be mandatorily preferred by law.
"Risk Factors":
Investing in Instruments under the Programme involves certain risks.
The principal risk factors that may affect the ability of the relevant
Issuer and the Guarantor to fulfil their obligations under the
Instruments issued under the Programme are discussed under "Risk
Factors" below.
"Arranger":
BNP Paribas
"Dealers":
Barclays Bank Ireland PLC
Barclays Bank PLC

BNP Paribas
BofA Securities Europe SA

Citigroup Global Markets Europe AG
Citigroup Global Markets Limited

Crédit Agricole Corporate and Investment Bank
Credit Suisse Securities Sociedad de Valores S.A.

Credit Suisse Securities (Europe) Limited

Deutsche Bank Aktiengesellschaft

Goldman Sachs Bank Europe SE

HSBC Continental Europe

ING Bank N.V.
J.P. Morgan AG

Merrill Lynch International

Société Générale

UBS AG London Branch
UniCredit Bank AG

and any other dealer appointed from time to time by the relevant Issuer
and the Guarantor. Each of the Issuers may be appointed as a Dealer
in respect of a particular Tranche (as defined below) of Instruments.
"Fiscal Agent":
BNP Paribas Securities Services, Luxembourg Branch.

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