Obligation United Global Bank Ltd 3.875% ( XS1699845068 ) en USD

United Global Bank Ltd

100 % ▲

Singapour

XS1699845068 ( en USD )

3.875% par an ( paiement semestriel )

Perpétuelle

Prospectus brochure de l'obligation United Overseas Bank Ltd XS1699845068 en USD 3.875%, échéance Perpétuelle

200 000 USD

650 000 000 USD

19/04/2026 ( Dans 15 jours )

United Overseas Bank Ltd (UOB) est une banque multinationale basée à Singapour, offrant une large gamme de services bancaires aux particuliers, entreprises et institutions dans l'Asie-Pacifique, ainsi qu'à l'échelle mondiale.

L'Obligation émise par United Global Bank Ltd ( Singapour ) , en USD, avec le code ISIN XS1699845068, paye un coupon de 3.875% par an.
Le paiement des coupons est semestriel et la maturité de l'Obligation est le Perpétuelle

Pricing Supplement dated 11 October 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 U.S.$650,000,000 3.875 per cent. Perpetual Capital Securities First Callable in 2023
under the S$15,000,000,000 Euro Medium Term Note Programme
This document constitutes the Pricing Supplement relating to the issue of Perpetual
Capital Securities described herein.
Terms used herein shall be deemed to be defined as such for the purposes of the
Perpetual Capital Securities Conditions set forth in the Information Memorandum dated 17
February 2017 (the "Perpetual Capital Securities Conditions"). This Pricing Supplement
contains the final terms of the Perpetual Capital Securities and must be read in conjunction
with such Information Memorandum.
On the basis that the Perpetual Capital Securities are deemed to be an "AT1
Instrument" as defined in Section 10O of the Income Tax Act, Chapter 134 of Singapore (the
"ITA"), where interest, discount income (not including discount income arising from secondary
trading), prepayment fee, redemption premium or break cost is derived from any Perpetual
Capital Securities 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 ITA, shall not apply if such person acquires
such Perpetual Capital Securities 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 Perpetual Capital Securities is not
exempt from tax (including for the reasons described above) shall 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:
28
(ii)
Tranche
Number:
1
(If fungible with an existing Series,
details of that Series, including the
date on which the Perpetual Capital
Securities became fungible.)
3
Specified Currency or Currencies:
United States dollars ("U.S.$")
4
Aggregate Nominal Amount:

(i) Series:
U.S.$650,000,000
(ii)
Tranche:
U.S.$650,000,000
5
Issue Price:
100 per cent. of the Aggregate Nominal Amount

6
(i) Specified
Denominations:
U.S.$200,000 and integral multiples of U.S.$1,000

in excess thereof
(ii)
Calculation
Amount
U.S.$1,000
7
(i) Issue
Date:
19 October 2017
(ii)
Distribution
Commencement Issue Date
Date
8
Distribution

(i)
Distribution
Basis:
From (and including):
·
the Distribution Commencement Date to
(but excluding) the First Reset Date (as
defined below), at the Initial Distribution
Rate;
·
the First Reset Date and each Reset Date
falling thereafter to (but excluding) the
immediately following Reset Date, the
Reset Distribution Rate.
(further particulars specified below)
(i)
Distribution
Stopper
(Perpetual Applicable
Capital Securities Condition 5(f)):
9
Redemption/Payment Basis:
Redemption at par
10 Change of Distribution or
See paragraph 8 above
Redemption/Payment Basis
11 Call Options:
Issuer Call
(further particulars specified below)
12 Listing:
SGX-ST
13 Method of distribution:
Syndicated
PROVISIONS RELATING TO DISTRIBUTION (IF ANY) PAYABLE
14 Fixed Rate Perpetual Capital Security
Applicable
Provisions:

(i) Rate(s) of Distribution:

(a) Initial Distribution Rate:
3.875 per cent. per annum payable semi-annually
in arrear

(b)
Reset
Applicable

(A) First Reset Date:
19 October 2023

(B) Reset Date(s):
The First Reset Date and each date falling every
five years after the First Reset Date, not adjusted
for non-Business Days
The determination of the Reset Distribution Rate
shall be calculated on the second Business Day
prior to such Reset Date in accordance with
Condition 4(f)
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(C) Relevant Rate:
5-year U.S. Dollar Swap Rate, where:
"U.S. Dollar Swap Rate" means USD-ISDAFIX3-
Swap Rate, as defined in the 2006 Definitions as
published by the International Swap and
Derivatives Association, Inc., and where:
(a) "Designated Maturity" means 5 years;
(b) "Reset Date" has the meaning as set out
in item 14(i)(b)(B) above; and
(c)
references to "Reuters Screen ISDAFIX3
Page" are deemed to be replaced with
references to "Reuters Screen ICESWAP
 USDSFIX Page (or any substitute page
thereof from time to time)"

(D) Initial Spread:
1.794 per cent.
(ii)
Distribution
Period:
Each period from and including a Distribution

Payment Date to (but excluding) the subsequent
Distribution Payment Date, except that the first
Distribution Period will commence on (and
include) the Issue Date
(iii)
Distribution
Payment
Date(s): 19 April and 19 October in each year commencing
on the Distribution Payment Date falling on 19
April 2018
(iv)
Fixed
Distribution
Amount:
Not Applicable
(v)
Broken
Amount(s):
Not Applicable
(vi)
Day
Count
Fraction:
30/360

(vii) Other terms relating to the
Not Applicable
method of calculating Distribution
for Fixed Rate Perpetual Capital
Securities:
15 Floating Rate Perpetual Capital
Not Applicable
Securities Provisions:
PROVISIONS RELATING TO REDEMPTION
16 Call Option:
Applicable

(i) Optional Redemption Date(s):
First Reset Date and each Distribution Payment
Date thereafter
(ii)
Optional
Redemption
Amount(s)
U.S.$1,000 per Calculation Amount
of each Perpetual Capital
Security and method, if any, of
calculation of such amount(s):
(iii)
If
redeemable in part:

· Minimum
Redemption
Not Applicable
Amount:
A35124795/0.3a/11 Oct 2017
3

· Maximum
Redemption
Not Applicable
Amount:
(iv)
Notice
period:
In accordance with Condition 6(d)
17 Variation instead of Redemption
Applicable
(Perpetual Capital Securities

Condition 6(f)):
18 Final Redemption Amount of each
U.S.$1,000 per Calculation Amount
Perpetual Capital Security:
19 Early Redemption Amount

Early Redemption Amount(s) per
U.S.$1,000 per Calculation Amount
Calculation Amount payable on
redemption for taxation reasons or a
Change of Qualification Event and/or
the method of calculating the same (if
required or if different from that set
out in the Perpetual Capital Securities
Conditions):

PROVISIONS RELATING TO LOSS ABSORPTION
20 Loss Absorption Measure: Write
Write Down Applicable
Down on a Loss Absorption Event

(Perpetual Capital Securities
Condition 7(a))

GENERAL PROVISIONS APPLICABLE TO THE PERPETUAL CAPITAL SECURITIES
21 Form of Perpetual Capital Securities:
Registered

22 Financial Centre(s) or other special
London, New York City, Singapore
provisions relating to Payment Dates:
23 Other terms or special conditions:
Not Applicable
DISTRIBUTION
24 (i) If syndicated, names of
Credit Suisse (Singapore) Limited, Deutsche Bank
Managers:
AG, Singapore Branch, The Hongkong and
Shanghai Banking Corporation Limited and United
Overseas Bank Limited

(ii) Stabilising Manager (if any):
Not Applicable
25 If non-syndicated, name of Dealer:
Not Applicable
26 Additional selling restrictions:
Singapore: The Perpetual Capital Securities shall
not be offered or sold, or to be made the subject
to 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),
A35124795/0.3a/11 Oct 2017
4

unless with the prior approval of MAS
OPERATIONAL INFORMATION

27 ISIN Code:
XS1699845068
28 Common Code:
169984506
29 CMU Instrument Number:
Not Applicable

30 Any clearing system(s) other than The Not Applicable. The Perpetual Capital Securities
Central Depository (Pte) Limited, The
will be cleared through Euroclear Bank SA/NV
Central Moneymarkets Unit Service,
and Clearstream Banking S.A.
Euroclear Bank SA/NV and
Clearstream Banking S.A. and the
relevant identification number(s):
31 Delivery:
Delivery against payment
32 Additional Paying Agent(s) (if any):
Not Applicable

GENERAL
33 Governing Law:
English Law save that the provisions in Perpetual
Capital Securities Conditions 3(a), 3(b), 3(c), 3(d),
7, 11(b) and 11(c) shall be governed by, and
construed in accordance with, the laws of
Singapore
34 Applicable governing document:
Amended and Restated 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 Perpetual Capital Securities described
herein pursuant to the S$15,000,000,000 Euro Medium Term Note Programme of United Overseas
Bank Limited

RESPONSIBILITY
The Issuer accepts responsibility for the information contained in this Pricing Supplement.
A35124795/0.3a/11 Oct 2017
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