Obligation UniCred 1.49% ( XS2248943503 ) en EUR

UniCred

100 % ⇌

Italie

XS2248943503 ( en EUR )

1.49% par an ( paiement annuel )

23/10/2035 - Obligation échue

Prospectus brochure de l'obligation UniCredit XS2248943503 en EUR 1.49%, échue

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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.

UniCredit, un acteur majeur du secteur bancaire et financier européen dont le siège est en Italie, a récemment vu l'une de ses obligations atteindre son échéance et être remboursée : l'instrument de dette, identifié par le code ISIN XS2248943503, a été émis en EUR et portait un taux d'intérêt annuel de 1.49%, avec des paiements d'intérêts effectués une fois par an ; cette obligation a atteint sa maturité le 23 octobre 2035, date à laquelle elle a été remboursée à 100% de sa valeur nominale sur le marché, complétant ainsi son cycle d'investissement pour les détenteurs.

PROHIBITION OF SALES TO EEA AND UK 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) or 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 (11) of Article 4(1) of
Directive 2014/65/EU (as amended, MiFID II); or (ii) a customer within the meaning of Directive (EU) 2016/97
(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; or (iii) not a qualified investor as defined in Regulation (EU) 2017/1129
(the Prospectus Regulation). Consequently no key information document required by Regulation (EU) No
1286/2014 (as amended, the PRIIPs Regulation) for offering or selling the Notes or otherwise making them
available to retail investors in the EEA or in the UK has been prepared and therefore offering or selling the Notes
or otherwise making them available to any retail investor in the EEA or in the UK may be unlawful under the
PRIIPs Regulation.
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 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.
21 October 2020
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 50,000,000 1.49 per cent Fixed Rate Callable Senior Notes due 23 October 2035
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 Terms and Conditions for the
Italian Law Notes set forth in the Base Prospectus dated 5 June 2020 and the supplement to it dated 11 August
2020 which togheter constitute a base prospectus for the purposes of the Prospectus Regulation (the Base
Prospectus). This document constitutes the Final Terms of the Notes described herein for the purposes of the
Prospectus Regulation and must be read in conjunction with such Base Prospectus, in order to obtain all the
relevant information. The Base Prospectus is available for viewing during normal business hours at UniCredit
S.p.A., 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:
685
(a)
Tranche Number:
1
2.
Specified Currency or Currencies:
Euro ()
3.
Aggregate Nominal Amount:

(a)
Series:
50,000,000

(b)
Tranche:
50,000,000
4.
Issue Price:
100 per cent. of the Aggregate Nominal Amount
5.
Specified Denominations:
100,000 and integral multiples of 1,000 in excess
thereof up to and including 199,000. No Notes in
definitive form will be issued with a denomination
above 199,000.
(a)
Calculation Amount:
1,000
6.
Issue Date:
23 October 2020
(a)
Interest Commencement Date:
23 October 2020
7.
Maturity Date:
23 October 2035 (subject to the exercise of the Issuer
Call)
8.
Interest Basis:
1.49 per cent. per annum Fixed Rate

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

Issuer Call due to MREL or TLAC Disqualification
Event

(see paragraphs 19 and 21 below)
12.
Status of the Notes:
Senior
(a)
Date of Board approval for 2 December 2019
issuance of Notes
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
13.
Fixed Rate Note Provisions:
Applicable
(a)
Rate(s) of Interest:
1.49 per cent. per annum payable in arrear on each
Interest Payment Date
(b)
Interest Payment Date(s):
23 October in each year, starting on 23 October 2021, up
to and including the Maturity Date..
(c)
Business Day Convention:
Following Business Day Convention (Unadjusted)
(d)
Fixed Coupon Amount(s):
14.90 per Calculation Amount
(e)
Broken Amount(s):
Not Applicable
(f)
Day Count Fraction:
Actual/Actual (ICMA)

(g)
Determination Dates:
23 October in each year
14.
Reset Note Provisions:
Not Applicable
15.
Floating Rate Note Provisions:
Not Applicable
16.
Inflation Linked Interest Note Provisions:
Not Applicable
17.
Zero Coupon Note Provisions:
Not Applicable
PROVISIONS RELATING TO REDEMPTION
18.
Notice periods for Condition 8.2 of the
Minimum period: 5 days
Terms and Conditions for the English
Law Notes and Condition 10.3 of the
Maximum period: 90 days
Terms and Conditions for the Italian Law
Notes and Condition 8.5 of the Terms
and Conditions for the English Law
Notes and Condition 10.6 of the Terms
and Conditions for the Italian Law Notes:
19.
Issuer Call:
Applicable
(a)
Optional Redemption Date(s):
23 October 2029
(b)
Optional Redemption Amount 1,000 per Calculation Amount
(in the case of Subordinated
Notes or Additional Tier 1 Notes
only, subject to 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 or, if different, the
then
applicable
Relevant
Regulations):
(c)
Reference Bond:
Not Applicable
(d)
Quotation Time:
Not Applicable
(e)
Redemption Margin:
Not Applicable
(f)
If redeemable in part:

(i)
Minimum Redemption Not Applicable
Amount:
(ii)
Maximum Redemption Not Applicable
Amount:
(g)
Notice period:
Minimum period: 15 days

Maximum period: 30 days
20.
Regulatory Call:
Not Applicable
21.
Issuer Call due to MREL or TLAC Applicable
Disqualification Event:
22.
Final Redemption Amount:
100 per cent. per Calculation Amount
23.
Early Redemption Amount payable on As per Condition 10.7 (Early Redemption Amounts) of
redemption:
the Terms and Conditions for the Italian Law Notes
(i)
for taxation reasons (subject to See also paragraph 21 above
Condition 8.15 of the Terms and
Conditions for the English Law
Notes and Condition 10.16 of the
Terms and Conditions for the
Italian
Law
Notes)
as
contemplated by Condition 8.2
of the Terms and Conditions for
the English Law Notes and
Condition 10.3 of the Terms and
Conditions for the Italian Law
Notes;
(ii)
for
MREL
or
TLAC
Disqualification Event (subject
to Condition 8.15 of the Terms
and Conditions for the English
Law Notes and Condition 10.16
of the Terms and Conditions for
the Italian Law Notes) as
contemplated by Condition 8.5
of the Terms and Conditions for
the English Law Notes and
Condition 10.6 of the Terms and
Conditions for the Italian Law
Notes; or
(iii)
on event of default (subject to
Condition 8.15 of the Terms and
Conditions for the English Law
Notes and Condition 10.16 of the
Terms and Conditions for the
Italian Law Notes),
and/or the method of calculating the same
(if required or if different from that set out
in Condition 8.6 of the Terms and
Conditions for the English Law Notes and
Condition 10.7 of the Terms and
Conditions for the Italian Law Notes:
24.
Extendible Notes:
Not Applicable
25.
RMB Currency Event:
Not Applicable
26.
Relevant Currency:
Not Applicable

GENERAL PROVISIONS APPLICABLE TO THE NOTES
27.
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
28.
Additional Financial Centre(s):
TARGET2 and London
29.
RMB Settlement Centre(s):
Not Applicable
30.
Talons for future Coupons to be attached No
to Definitive Notes:
31.
Governing law of the Conditions
Italian Law

Signed on behalf of UniCredit S.p.A.:

By:

Duly authorised
By:

Duly authorised
Part B OTHER INFORMATION

1.
LISTING AND ADMISSION TO Application has been made by the Issuer (or on its behalf)
TRADING
for 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 23 October 2020.
(a)
Estimate of total expenses 5,400
related to admission to trading:

2.
RATINGS
Ratings:
The Notes to be issued have been rated:
Baa1 by Moody's Investors Service España, S.A.
(Moody's)
Moody's 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 the fact that UniCredit Bank AG acting as a Dealer 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
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.
USE AND ESTIMATED NET AMOUNT OF THE PROCEEDS
(a)
Use of the proceeds:
The net proceeds from the issue of the Notes will be
applied by the Issuer for its general corporate
purposes, which include making a profit.
(b)
Estimated net amount of the 49,875,000
proceeds:

5.
YIELD (Fixed Rate Notes only)
Indication of yield:
1.49 per cent.
6.
OPERATIONAL INFORMATION
(a)
ISIN Code:
XS2248943503
(b)
Common Code:
224894350
(c)
CUSIP:
Not Applicable
(d)
CINS:
Not Applicable
(e)
CFI:
DTFXFB, as updated, as set out on the website of the
Association of National Numbering Agencies (ANNA) or
alternatively sourced from the responsible National
Numbering Agency that assigned the ISIN
(f)
FISN:
UNICREDIT SPA/1.4549EMTN 20351023, as updated,
as set out on the website of the Association of National
Numbering Agencies (ANNA) or alternatively sourced
from the responsible National Numbering Agency that
assigned the ISIN
(g)
Any clearing system(s) other Not Applicable
than Euroclear and Clearstream
Luxembourg and the relevant
identification number(s):
(h)
Delivery:
Delivery against payment
(i)
Names
and
addresses
of Not Applicable
additional Paying Agent(s) (if
any):

(j)
Intended to be held in a manner Yes. Note that the designation "yes" simply means that
which would allow Eurosystem the Notes are intended upon issue to be deposited with
eligibility:
one of the 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.
7.
DISTRIBUTION

(i)
Method of distribution:
Non syndicated

(ii)
If
syndicated, names
and Not Applicable
addresses
of
Managers
(specifying Lead Manager) and
underwriting commitments:
(iii)
Stabilisation Manager(s) (if Not Applicable
any):
(iv)
If non-syndicated, name and UniCredit Bank AG
address of relevant Dealer:

Arabellastrasse 12
81925 Munich
Germany
(v)
U.S. Selling Restrictions:
Reg. S Compliance Category 2; TEFRA D
(vi)
Prohibition of Sales to EEA and Applicable
UK Retail Investors:

(vii)
EU Benchmark Regulation:
Not Applicable.