Bond United Global Bank Ltd 3.5% ( SG79A8000002 ) in SGD

United Global Bank Ltd

100 % ⇌

Singapore

SG79A8000002 ( in SGD )

3.5% per year ( payment 2 times a year)

26/02/2029

Prospectus brochure of the bond United Overseas Bank Ltd SG79A8000002 en SGD 3.5%, maturity 26/02/2029

250 000 SGD

750 000 000 SGD

27/08/2026 ( In 145 days )

United Overseas Bank Limited (UOB) is a Singaporean multinational banking and financial services company offering a wide range of personal and corporate banking services across Asia and globally.

The Bond issued by United Global Bank Ltd ( Singapore ) , in SGD, with the ISIN code SG79A8000002, pays a coupon of 3.5% per year.
The coupons are paid 2 times per year and the Bond maturity is 26/02/2029

Pricing Supplement dated 20 February 2017
UNITED OVERSEAS BANK LIMITED
(incorporated with limited liability in the Republic of Singapore)
(Company Registration Number 193500026Z)
acting through its registered office in Singapore
Issue of S$750,000,000 3.50 per cent. Subordinated Notes due 2029 (the "Notes")
under the S$15,000,000,000 Euro Medium Term Note Programme
This document constitutes the Pricing Supplement relating to the issue of Notes
described herein.
Terms used herein shal be deemed to be defined as such for the purposes of the Note
Conditions set forth in the Information Memorandum dated 17 February 2017 (the "Note
Conditions"). This Pricing Supplement contains the final terms of the Notes and must be
read in conjunction with such Information Memorandum.
Where interest, discount income (not including discount income arising from secondary
trading), prepayment fee, redemption premium or break cost is derived from any Notes by any
person who is not resident in Singapore and who carries on any operations in Singapore
through a permanent establishment in Singapore, the tax exemption available (subject to
certain conditions) under the Income Tax Act, Chapter 134 of Singapore (the "ITA"), shal not
apply if such person acquires such Notes using the funds and profits of such person's
operations through a permanent establishment in Singapore. Any person whose interest,
discount income (not including discount income arising from secondary trading), prepayment
fees, redemption premium or break cost derived from the Notes is not exempt from tax
(including for the reasons described above) shal include such income in a return of income
made under the ITA.

1
(i)
Issuer:
United Overseas Bank Limited, acting through its
registered office in Singapore
2
(i)
Series Number:
26

(ii) Tranche Number:
1
3
Specified Currency or Currencies:
Singapore dollars ("S$")
4
Aggregate Nominal Amount:

(i)
Series:
S$750,000,000

(ii) Tranche:
S$750,000,000
5
Issue Price:
100 per cent. of the Aggregate Nominal Amount

6
(i)
Specified Denominations:
S$250,000

(ii) Calculation Amount
S$250,000
7
(i)
Issue Date:
27 February 2017
Pricing Supplement

(ii) Interest Commencement Date
Issue Date

(iii) First Call Date:
27 February 2024
8
Maturity Date:
27 February 2029
9
Interest Basis:
3.50 per cent. Fixed Rate, subject to a reset in
accordance with paragraph 16(vi ) below
(further particulars specified below)
10 Redemption/Payment Basis:
Redemption at par
11 Change of Interest or
Applicable
Redemption/Payment Basis
12 Put/Call Options:
Issuer Call
(further particulars specified below)
13 Status of the Notes:
Subordinated
14 Listing:
SGX-ST
15 Method of distribution:
Syndicated
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
16 Fixed Rate Note Provisions:
Applicable

(i)
Rate of Interest:
3.50 per cent. per annum payable semi-annual y
in arrear, subject to a reset in accordance with
paragraph 16(vi ) below

(ii) Interest Payment Date(s):
27 February and 27 August in each year

(iii) Fixed Coupon Amount:
Not Applicable

(iv) Broken Amount(s):
Not Applicable

(v) Day Count Fraction:
Actual / 365

(vi) Determination Dates:
Not Applicable

(vii) Other terms relating to the
The Rate of Interest payable on the Notes from
method of calculating interest for (and including) the First Cal Date (as specified in
Fixed Rate Notes:
paragraph 7(iii)) to (but excluding) the Maturity
Date shall be reset to a fixed rate per annum
(expressed as a percentage) equal to the then-
prevailing 5-year SGD Swap Of er Rate plus the
Initial Spread.
"5-year SGD Swap Offer Rate" means the rate
per annum (expressed as a percentage)
determined and notified by the Calculation Agent
to the Issuer equal to the rate appearing under the
column headed "Ask" for a maturity of five years
which appears on the Bloomberg Screen TPIS
Page under the caption "Tullett Prebon Rates
Interest Rate Swaps Asia Pac SGD" (or such
other substitute page thereof upon notification to
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and subsequent instruction from the Issuer, or if
there is no substitute page, the screen page which
is the generally accepted page used by market
participants at that time) published at the close of
business
on
the
second
Business Day preceding the relevant First Call
Date.
"Initial Spread" means 1.08 per cent.
17 Floating Rate Note Provisions:
Not Applicable
18 Zero Coupon Note Provisions:
Not Applicable
PROVISIONS RELATING TO REDEMPTION
19 Call Option:
Applicable

(i)
Optional Redemption Date:
The First Call Date only (paragraph (i ) of
Condition 5(d)(i ) shall not apply to the Notes)

(ii) Optional Redemption Amount of
S$250,000 per Calculation Amount
each Note and method, if any, of
calculation of such amount(s):
20 Put Option:
Not Applicable
21 Variation instead of Redemption (Note Applicable
Condition 5(g)):
22 Final Redemption Amount of each
S$250,000 per Calculation Amount
Note:
23 Early Redemption Amount

Early Redemption Amount per
S$250,000 per Calculation Amount
Calculation Amount payable on
redemption for taxation reasons or on
event of default/due to a Tax Law
change/Change of Qualification Event
and/or the method of calculating the
same (if required or if different from
that set out in the Note Conditions):

PROVISIONS RELATING TO LOSS ABSORPTION
24 Loss Absorption Measure: Write
Applicable
Down on a Loss Absorption Event
(Note Condition 6(a))

GENERAL PROVISIONS APPLICABLE TO THE NOTES
25 Form of Notes:
Registered Notes
26 Financial Centre(s) or other special
Singapore
provisions relating to Payment Dates:
27 Talons for future Coupons or Receipts No
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to be attached to Definitive Notes
(and dates on which such Talons
mature):
28 Details relating to Partly-Paid Notes:
Not Applicable
amount of each payment comprising
the Issue Price and date on which
each payment is to be made and
consequences (if any) of failure to
pay, including any right of the Issuer
to forfeit the Notes and interest due
on late payment:
29 Details relating to Instalment Notes:
Not Applicable
amount of each instalment
("Instalment Amount"), date on
which each payment is to be made
("Instalment Date"):
30 Other terms or special conditions:
Not Applicable
DISTRIBUTION

31 (i)
If syndicated, names of
Australia and New Zealand Banking Group
Managers:
Limited
Credit Suisse (Singapore) Limited
The Hongkong and Shanghai Banking
Corporation Limited
United Overseas Bank Limited

(ii) Stabilising Manager (if any):
The Hongkong and Shanghai Banking
Corporation Limited
32 If non-syndicated, name of Dealer:
Not Applicable
33 Additional sel ing restrictions:
Singapore:
The Notes shal not be offered or sold, or be made
the subject of an invitation for subscription or
purchase, to the Issuer or any of its banking group
entities or associates (each as defined in MAS
Notice 637), unless with the prior approval of
MAS.
OPERATIONAL INFORMATION

34 ISIN Code:
SG79A8000002
35 Common Code:
157232525
36 CMU Instrument Number:
Not Applicable
37 Any clearing system(s) other than The Not Applicable. The Notes wil be cleared through
Central Depository (Pte) Limited, The The Central Depository (Pte) Limited
Central Moneymarkets Unit Service,
Euroclear Bank SA/NV, Clearstream
Banking S.A. and Austraclear Ltd and
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the relevant identification number(s):
38 Delivery:
Delivery free of payment
39 Additional Paying Agent(s) (if any):
Not Applicable

GENERAL
40 Governing Law:
Singapore law
41 Applicable governing document:
Singapore Supplemental Trust Deed dated 17
February 2017

PURPOSE OF PRICING SUPPLEMENT
This Pricing Supplement comprises the final terms required for issue and admission to trading on
the Singapore Exchange Securities Trading Limited of the Notes described herein pursuant to the
S$15,000,000,000 Euro Medium Term Note Programme of United Overseas Bank Limited.
INVESTMENT CONSIDERATIONS
There are significant risks associated with the Notes. Prospective investors should have regard to
the factors described under the section headed "Investment Considerations" in the Information
Memorandum before purchasing any Notes. Before entering into any transaction, prospective
investors should ensure that they ful y understand the potential risks and rewards of that
transaction and independently determine that the transaction is appropriate given their objectives,
experience, financial and operational resources and other relevant circumstances. Prospective
investors should consider consulting with such advisers as they deem necessary to assist them in
making these determinations.
RESPONSIBILITY
The Issuer accepts responsibility for the information contained in this Pricing Supplement.
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