Bond UniCred 0% ( XS0332831485 ) in EUR

Issuer UniCred
Market price 100 %  ⇌ 
Country  Italy
ISIN code  XS0332831485 ( in EUR )
Interest rate 0%
Maturity 04/12/2017 - Bond has expired



Prospectus brochure of the bond UniCredit XS0332831485 in EUR 0%, expired


Minimal amount 50 000 EUR
Total amount 170 750 000 EUR
Detailed description UniCredit is a major Italian banking group offering a wide range of financial services including commercial banking, investment banking, and wealth management across Europe, Central and Eastern Europe, and the Middle East.

The Bond issued by UniCred ( Italy ) , in EUR, with the ISIN code XS0332831485, pays a coupon of 0% per year.
The coupons are paid 1 time per year and the Bond maturity is 04/12/2017








Final Terms date 22 April 2008

UniCredito Italiano S.p.A.

Issue of EUR 20,000,000
Subordinated Floating Rate Notes due December 2017
to be consolidated and form a single series with the Euro 150,750,000 Subordinated Floating
Rate Notes due December 2017 (the "Original Notes")
under the
EUR 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 (the
Conditions) set forth in the Prospectus dated 12 November, 2007 and the Supplement to the
Prospectus dated 18 March 2008, which together constitute a base prospectus for the purposes of the
Prospectus Directive (Directive 2003/71/EC) (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 such Prospectus as so supplemented. 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 Prospectus and the Supplement to the Prospectus. The Prospectus and the
Supplement to the Prospectus are available for viewing during normal business hours at UniCredito
Italiano S.p.A., Piazza Cordusio 2, 20123 Milan, and on the website of UniCredito www.unicredit.it,
as well as on the website of the Luxembourg Stock Exchange, www.bourse.lu. Copies may be
obtained, free of charge, from each of the Issuers at the address above.

1. (a)
Issuer:
UniCredito Italiano S.p.A.
(b) Guarantor:
Not Applicable
2. (a)
Series
Number:
244
(b) Tranche Number:
2
The Notes will be consolidated and form a single
series with the Original Notes on or about 3 June
2008 (i.e. 40 days after the Issue Date of the
Notes)
3.
Specified Currency or Currencies:
Euro (EUR)
4. Aggregate
Nominal
Amount:

(a) Series:
EUR 150,750,000
(b) Tranche:
EUR 20,000,000
5. Issue Price:
100.00 per cent. of the Aggregate Nominal
Amount plus accrued interest equal to 1.99 per
cent. for the period from and including 4
December 2007 up to, but excluding, 24 April
2008
6. (a)
Specified
Denominations:
EUR 50,000 and integral multiples of EUR 1,000


in excess thereof up to and including EUR 99,000.
No Notes in definitive form will be issued with a
denomination above EUR 99,000.
(b) Calculation Amount:
EUR 1,000

7. (a)
Issue
Date:
24 April 2008

(b) Interest Commencement Date:
4 December 2007
8. Maturity
Date:
Specified Interest Payment Date falling in or
nearest to December 2017
9. Interest
Basis:
Floating Rate Interest

(Further particulars specified below)
10. Redemption/Payment
Basis: Redemption
at
par
11. Change of Interest Basis or
Redemption/Payment Basis:
Not Applicable
12. Put/Call
Options:
Not
Applicable
13. (a) Status of the Notes:
Lower Tier II Subordinated

(b) Status of the Guarantee:
Not Applicable

(c) Date of Board approval for issuance
of Notes obtained: Not
Applicable
14. Method of distribution:
Non-syndicated

PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
15. Fixed Rate Note Provisions:
Not Applicable.

16. Floating
Rate
Note
Provisions: Applicable

(a) Specified
Period(s)/Specified 4 December in each year (each an Interest
Interest Payment Dates:
Payment Date) starting from 4 December, 2008 up
to, and including, the Maturity Date, subject to
adjustment in accordance with paragraph 16(b)
below.
(b)
Business Day Convention:
Following Business Day Convention
(c) Additional
Business
Centre(s):
TARGET

(d)
Manner in which the Rates of
The Interest Rate for each Interest Payment Date
Interest and Interest Amount
shall be determined by the Agent in accordance

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are to be determined:
with the following formula:

C = EUR 1,000 * Max [5.14%; 100%*EUR_CMS(10y)]

where:

"C" is the Interest Amount;

"EUR_CMS(10Y)" means the annual swap rate
expressed as a percentage for a EURIBOR interest
rate swap transaction with a term equal to 10 years,
which appears on the Reuters screen ISDAFIX2
Page (or such other page or service determined by
the Agent as may replace Reuters Screen page
ISDAFIX2 for the purpose of displaying such rate)
under the relevant caption at 11.00 a.m. Frankfurt
time on the Interest Determination Date (as defined
below).
If the Reuters Screen page ISDAFIX2 (or other
such page or service as shall replace Reuters Screen
page ISDAFIX2) is not available, or the
EUR_CMS(10Y) is not shown on such page or
services at approximately 11.00 a.m. Frankfurt
time, on the Interest Determination Date, the Agent
shall apply, in lieu of EUR_CMS(10Y), the "EUR-
Annual Swap Rate-Reference Banks", as defined in
the in the 2000 ISDA Definitions and the Annex to
the 2000 ISDA Definitions (June 2000 Version)
published by the International Swaps and
Derivatives Association, Inc. (the Definitions),
with a designated maturity of 10 years, on the
Interest Determination Date; it is further provided
that, if less than three Reference Banks (as defined
in the Definitions) provide quotations, then the
Calculation Agent shall determine in good faith the
relevant EUR_CMS(10Y) on such commercial
basis as considered appropriate, in accordance with
standard market practices.
(e)
Party responsible for
calculating the Rate of Interest
and Interest Amount (if not the
Agent): Not
Applicable
(f) Screen
Rate
Determination:
(i) Reference
Rate:
EUR_CMS(10Y), (further particulars specified in
item 16(d) above)

(ii) Interest
Determination
Second day on which the TARGET System is open

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Date(s):
prior to the start of each Interest Period
(iii) Relevant
Screen
Page: Reuters page ISDAFIX2 (further particulars
specified in item 16(d) above)
(g) ISDA
Determination:
Not
Applicable
(h) Margin(s):
Not
Applicable
(i)
Minimum Rate of Interest: 5.14
per
cent.
(j)
Maximum Rate of Interest: Not
Applicable

(k)
Day Count Fraction:
30/360 (unadjusted)
(l) Fallback
provisions,
rounding
provisions and any other terms
relating to the method of
calculating interest on Floating
Rate Notes, if different from
those set out in the Conditions: Not
Applicable
17. Zero Coupon Note Provisions: Not
Applicable

18. Index
Linked
Interest Note:
Not Applicable.
19. Dual Currency Note Provisions: Not
Applicable

20. Credit
Linked
Note
Provisions: Not
Applicable

PROVISIONS RELATING TO REDEMPTION
21. Issuer Call:
Not
Applicable

22. Investor
Put:
Not Applicable

23. Final Redemption Amount:
EUR 1,000 per Calculation Amount
24. Early Redemption Amount payable on
redemption for taxation reasons or on

event of default and/or the method of

calculating the same (if required or if
different from that set out in Condition

9.5):
As set out in Condition 9.5
GENERAL PROVISIONS APPLICABLE TO THE NOTES
25. (a) Form of Notes:

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

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Exchange Event
(b) New Global Note:
No

26. Additional Financial Centre(s) or other
special provisions relating to Payment
Dates:
Not Applicable
27. Talons for future Coupons or Receipts
to be attached to Definitive Notes (and
dates on which such Talons mature):
No
28. Details
relating
to
Partly Paid Notes:
amount of each payment comprising
the Issue Price and date on which each
payment is to be made and
consequences of failure to pay,
including any right of the Issuer to
forfeit the Notes and interest due on
late payment:
Not Applicable
29. Details relating to Instalment Notes:
(a) Instalment Amount(s):
Not Applicable
(b) Instalment Date(s):
Not Applicable
30. Details relating to Extendible Notes:
Not Applicable
31. Redenomination
applicable:
Redenomination not applicable
32. Other final terms:
Not Applicable
DISTRIBUTION
33. (a) If syndicated, names and address
of Managers:
Not Applicable
(b) Date of Subscription Agreement: Not
Applicable
(c) Stabilising Manager (if any):
Not Applicable
34. If non-syndicated, name and address of
relevant
Dealer:
Bayerische Hypo- und Vereinsbank AG,
Arabellastrasse 12, 81925 Munich
35. U.S.
Selling
Restrictions

Reg. S Compliance Category: TEFRA D

36. Additional
selling
restrictions: Not
Applicable

PURPOSE OF FINAL TERMS
These Final Terms comprise the final terms required for issue and admission to trading on the
regulated market of the Luxembourg Stock Exchange of the Notes described herein pursuant to the
60,000,000,000 Euro Medium Term Note Programme of UniCredito Italiano S.p.A.
RESPONSIBILITY
The Issuer accepts responsibility for the information contained in these Final Terms.

Signed on behalf of UniCredito Italiano S.p.A.:




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By: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
By: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Duly authorised
Duly authorised]


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PART B ­ OTHER INFORMATION

1.
LISTING AND ADMISSION TO TRADING
(a) Listing and admission to trading: Application
has been made by the Issuer (or on its
behalf) for the Notes to be admitted to trading on
the regulated market of the Luxembourg Stock
Exchange with effect from 24 April, 2008.
(b) Estimate of total expenses related to
admission to trading:
EUR 750.00

2. RATINGS
Ratings:
The Notes are expected to be rated:
S & P: A
Moody's: Aa3
Fitch: A

3.
INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE
Save for any fees payable to the Dealers, so far as the Issuer is aware, no person involved in the issue
of the Notes has an interest material to the offer.

4. OPERATIONAL
INFORMATION
(a) ISIN Code:
The Notes will have the following temporary ISIN
Code: XS0358326964; and upon consolidation as
aforesaid the Notes will have the same ISIN Code
as the Original Notes (i.e., XS0332831485).
(b) Common Code:
The Notes will have the following temporary
Common Code: 035832696; and upon
consolidation as aforesaid the Notes will have the
same Common Code as the Original Notes (i.e.,
033283148).
(c) Any clearing system(s) other than
Euroclear Bank S.A./N.V. and
Clearstream Banking, société
anonyme and the relevant

identification number(s):
Not Applicable
(d) Delivery:
Delivery against payment
(e) Names and addresses of additional
Paying Agent(s) (if any):
Not Applicable
(f) Intended to be held in a manner No
which would allow Eurosystem
eligibility:




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