Obligation UniCred 1% ( XS1754213947 ) en EUR

UniCred

100 % ▲

Italie

XS1754213947 ( en EUR )

1% par an ( paiement annuel )

17/01/2023 - Obligation échue

Prospectus brochure de l'obligation UniCredit XS1754213947 en EUR 1%, échue

250 000 EUR

1 500 000 000 EUR

UniCredit est une banque italienne multinationale offrant une large gamme de services bancaires de détail, de gestion de patrimoine et d'investissement en Europe centrale et orientale, en Italie et dans certaines régions d'Europe occidentale.

L'obligation de type senior émise par UniCredit, identifiée sous le code ISIN XS1754213947, a récemment atteint sa pleine maturité et a été intégralement remboursée à sa valeur nominale. UniCredit, l'un des principaux groupes bancaires pan-européens, solidement établi en Italie et doté d'une présence significative à travers l'Europe Centrale et Orientale, a honoré cet engagement financier issu d'une émission libellée en euros. Cette obligation, émise depuis l'Italie, présentait un taux d'intérêt annuel de 1% et une fréquence de paiement annuelle, avec une taille totale d'émission substantielle de 1,5 milliard d'euros. Destinée principalement à des investisseurs institutionnels ou qualifiés, elle imposait une taille minimale d'achat de 250 000 euros. Arrivée à échéance le 17 janvier 2023, la valeur de cette obligation avait atteint 100% de son prix sur le marché avant son remboursement effectif, confirmant ainsi la bonne fin de cette opération financière pour les porteurs.

EXECUTION VERSION
PROHIBITION OF SALES TO EEA RETAIL INVESTORS The Notes 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 Directive 2014/65/EU (MiFID II); (ii) a customer within the
meaning of Directive 2002/92/EC (IMD), where that customer would not qualify as a professional client as defined in
point (10) of Article 4(1) of MiFID II; or (iii) not a qualified investor as defined in Directive 2003/71/EC (as
amended, the Prospectus Directive). Consequently no key information document required by Regulation (EU) No
1286/2014 (the PRIIPs Regulation) for offering or selling the Notes or otherwise making them available to retail
investors in the EEA has been prepared and therefore offering or selling the Notes or otherwise making them
available to any retail investor in the EEA may be unlawful under the PRIIPs Regulation.
MIFID II product governance / Professional investors and ECPs only target market Solely for the purposes of
each 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 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 manufacturers' 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 manufacturers' target market assessment) and determining appropriate distribution channels.
16 January 2018
FINAL TERMS
UniCredit S.p.A.
(incorporated with limited liability as a Società per Azioni in the Republic of Italy under registered number 00348170101
with registered office at Piazza Gae Aulenti, 3 Tower-A 20154 Milan, Italy)
Issue of 1,500,000,000 1.000 per cent. Fixed Rate Non-Preferred Senior Notes due 18 January 2023
under the 60,000,000,000 Euro 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 Base
Prospectus dated 15 June 2017 and the supplements to it dated 17 August 2017 and 9 January 2018 which together
constitute a base prospectus for the purposes of the Prospectus Directive (the Base Prospectus). 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 such Base Prospectus. Full information on the Issuer and the offer of the Notes
is only available on the basis of the combination of these Final Terms and the Base Prospectus. The Base Prospectus
is available for viewing during normal business hours at UniCredit S.p.A., at the Registered Office and Head Office
Piazza Gae Aulenti 3 - Tower A 20154 Milan, Italy and has been published on the website of UniCredit
www.unicreditgroup.eu, as well as on the website of the Luxembourg Stock Exchange, www.bourse.lu. Copies may
be obtained, free of charge, from the Issuer at the address above.

1.
Series Number:
672
(a)
Tranche Number:
1
(b)
Date on which the Notes will be
Not Applicable
consolidated and form a single
Series:
2.
Specified Currency or Currencies:
Euro ()
3.
Aggregate Nominal Amount:

EXECUTION VERSION
(a)
Series:
1,500,000,000
(b)
Tranche:
1,500,000,000
4.
Issue Price:
99.651 per cent. of the Aggregate Nominal Amount
5.
Specified Denominations:
250,000 and integral multiples of 1,000 in excess thereof
up to and including 499,000. No Notes in definitive form
will be issued with a denomination above 499,000.
(a)
Calculation Amount (in relation to
1,000
calculation of interest in global form
see the Conditions):
6.
Issue Date:
18 January 2018
(a)
Interest Commencement Date:
Issue Date
7.
Maturity Date:
18 January 2023
8.
Interest Basis:
1.000 per cent. Fixed Rate

(further particulars specified below)
9.
Redemption/Payment Basis:
100 per cent.
10.
Change of Interest Basis:
Not Applicable
11.
Put/Call Options:
Applicable

Loss Absorption Disqualification Event

(see paragraph 21)
12.
Status of the Notes:
Non-Preferred Senior
(a)
Date of Board approval for issuance
11 December 2017
of Notes:
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
13.
Fixed Rate Note Provisions:
Applicable
(a)
Rate(s) of Interest:
1.000 per cent. per annum payable in arrear on each Interest
Payment Date
(b)
Interest Payment Date(s):
18 January in each year, commencing 18 January 2019, up
to and including the Maturity Date
(c)
Business Day Convention:
Following Business Day Convention, unadjusted
(d)
Fixed Coupon Amount(s) for Notes
10 per Calculation Amount
in definitive form (and in relation to

EXECUTION VERSION
Notes in global form see the
Conditions):

(e)
Broken Amount(s) for Notes in
Not Applicable
definitive form (and in relation to
Notes in global form see the
Conditions):
(f)
Day Count Fraction:
Actual/Actual (ICMA)
(g)
Determination Date:
18 January in each year
14.
Floating Rate Note Provisions:
Not Applicable
15.
Inflation Linked Interest Note Provisions:
Not Applicable
16.
Change of Interest Basis Provisions:
Not Applicable
17.
Zero Coupon Note Provisions:
Not Applicable
PROVISIONS RELATING TO REDEMPTION
18.
Notice periods for Conditions 8.2 and 8.5:
Minimum period: 5 days
Maximum period: 90 days
19.
Issuer Call:
Not Applicable
20.
Regulatory Call:
Not Applicable
21.
Issuer Call due to MREL or TLAC
Applicable
Disqualification Event:
22.
Early Redemption Amount payable on
1,000 per Calculation Amount
redemption
for
taxation
reasons
(as
contemplated by Condition 8.2) or on event
of default (in the case of (i) Senior Notes and
Non-Preferred
Senior
Notes
and
(ii)
Subordinated
Notes
only,
subject
to,
respectively, (i) Condition 8.15 and (ii)
Condition 8.14 (including the prior approval
of the relevant Competent Authority, as
applicable, and in accordance with applicable
laws and regulations, including Articles 77(b)
and 78 of the CRD IV Regulation)):
23.
Extendible Notes:
Not Applicable

24.
RMB Currency Event:
Not Applicable
25.
Relevant Currency:
Not Applicable

EXECUTION VERSION
GENERAL PROVISIONS APPLICABLE TO THE NOTES
26.
Form of Notes

(a)
Form of Notes:
Bearer Notes:

Temporary Bearer Global Note exchangeable for a
Permanent Bearer Global Note which is exchangeable for
definitive Notes upon an Exchange Event
(b)
New Global Note:
Yes
27.
Additional Financial Centre(s):
TARGET2 and London
28.
RMB Settlement Centre(s):
Not Applicable
29.
Talons for future Coupons to be attached to
No
Definitive Notes:

Signed on behalf of UniCredit S.p.A.

EXECUTION VERSION
Part B OTHER INFORMATION

1.
LISTING
AND
ADMISSION
TO
Application has been made by the Issuer (or on its behalf) for
TRADING
the Notes to be listed on the Official List of the Luxembourg
Stock Exchange and admitted to trading on the Luxembourg
Stock Exchange's regulated market with effect from the
Issue Date.
(a)
Estimate of total expenses related
3,900
to admission to trading:
2.
RATINGS

Ratings:
The Notes to be issued have been rated:
Baa3 by Moody's Investors Service Ltd. (Moody's);
BBB- by S&P Global Ratings Italy S.r.l (S&P); and
BBB by Fitch Italia S.p.A. (Fitch).
Each of Moody's, S&P and Fitch is established in the
European Union and is registered under the Regulation (EC)
No. 1060/2009 (as amended) (the CRA Regulation)

3.
INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE
Save for any fees payable to the Joint Lead Managers and save for the fact that UniCredit Bank AG is part of
the Issuer's group, so far as the Issuer is aware, no person involved in the issue of the Notes has an interest
material to the offer. The Joint Lead Managers and their 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 (Fixed Rate Notes only)

Indication of yield:
1.072 per cent. per annum
The yield is calculated at the Issue Date on the basis of the
relevant Issue Price. It is not an indication of future yields
5.
OPERATIONAL INFORMATION
(a)
ISIN Code:
XS1754213947
(b)
Common Code:
175421394
(c)
CUSIP:
Not Applicable
(d)
CINS:
Not Applicable
(e)
Any clearing system(s) other than
Not Applicable

EXECUTION VERSION
Euroclear

and
Clearstream
Luxembourg and the relevant
identification number(s):
(f)
Delivery:
Delivery against payment
(g)
Names and addresses of additional Not Applicable
Paying Agent(s) (if any):
(h)
Intended to be held in a manner
Yes. Note that the designation "yes" simply means that the
which would allow Eurosystem
Notes are intended upon issue to be deposited with one of the
eligibility:
ICSDs as common safekeeper and does not necessarily mean
that the Notes will be recognised as eligible collateral for

Eurosystem monetary policy and intra day credit operations
by the Eurosystem either upon issue or at any or all times
during their life. Such recognition will depend upon the
ECB being satisfied that Eurosystem eligibility criteria have
been met.
6.
DISTRIBUTION

(i)
Method of distribution:
Syndicated

(ii)
If syndicated, names and addresses
Banco Santander, S.A.
of Managers (specifying Lead ING Bank N.V.
Manager)
and
underwriting J.P. Morgan Securities plc
commitments:
Société Générale
UBS Limited
UniCredit Bank AG
(iii)
Date of Subscription Agreement:
16 January 2018
(iv)
Stabilisation Manager(s) (if any):
Not Applicable
(v)
If
non-syndicated,
name
and Not Applicable
address of relevant Dealer:
(vi)
U.S. Selling Restrictions:
Reg. S Compliance Category 2; TEFRA D
(vii)
Prohibition of Sales to EEA Retail Applicable
Investors: