Obligation UniCred 1.8% ( XS2104968404 ) en EUR

UniCred

100 % ▲

Italie

XS2104968404 ( en EUR )

1.8% par an ( paiement annuel )

20/01/2030

Prospectus brochure de l'obligation UniCredit XS2104968404 en EUR 1.8%, échéance 20/01/2030

250 000 EUR

750 000 000 EUR

20/01/2026 ( Dans 242 jours )

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 émise par UniCred ( Italie ) , en EUR, avec le code ISIN XS2104968404, paye un coupon de 1.8% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 20/01/2030

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 (as amended,
MiFID II); or (ii) a customer within the meaning of Directive 2002/92/EC (as amended, the Insurance
Mediation 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 Directive 2003/71/EC (as amended, the
Prospectus Directive). 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 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 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 750,000,000 Fixed Rate Non-Preferred Senior Notes due 20 January 2030
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 2019 and the supplements to it dated 13 August
2019 and 19 December 2019 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., 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:
680
(a)
Tranche Number:
1
2.
Specified Currency or Currencies:
Euro ()
3.
Aggregate Nominal Amount:

(a)
Series:
750,000,000
(b)
Tranche:
750,000,000
4.
Issue Price:
99.620 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:
1,000
6.
Issue Date:
20 January 2020
(a)
Interest Commencement Date:
20 January 2020
7.
Maturity Date:
20 January 2030
8.
Interest Basis:
1.800 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 due to MREL or TLAC Disqualification
Event

(see paragraph 22 below)
12.
Status of the Notes:
Non-Preferred 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:
1.800 per cent. per annum payable in arrear on each
Interest Payment Date
(b)
Interest Payment Date(s):
20 January in each year, starting on 20 January 2021, up
to and including 20 January 2030
(c)
Business Day Convention:
Following Business Day Convention (Unadjusted)
(d)
Fixed Coupon Amount(s):
18.00 per Calculation Amount
(e)
Broken Amount(s):
Not Applicable
(f)
Day Count Fraction:
Actual/Actual (ICMA)

(g)
Determination Date[s]:
20 January 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.
Change of Interest Basis Provisions:
Not Applicable
18.
Zero Coupon Note Provisions:
Not Applicable
PROVISIONS RELATING TO REDEMPTION
19.
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 Terms and
Maximum period: 90 days
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:
20.
Issuer Call:
Not Applicable
21.
Regulatory Call:
Not Applicable
22.
Issuer Call due to MREL or TLAC
Applicable
Disqualification Event:
23.
Final Redemption Amount:
100 per cent. per Calculation Amount
24.
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 22 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:
25.
Extendible Notes:
Not Applicable
26.
RMB Currency Event:
Not Applicable
27.
Relevant Currency:
Not Applicable
GENERAL PROVISIONS APPLICABLE TO THE NOTES
28.
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
29.
Additional Financial Centre(s):
TARGET2 and London
30.
RMB Settlement Centre(s):
Not Applicable
31.
Talons for future Coupons to be attached
No
to Definitive Notes:

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 professional segment of the Luxembourg Stock
Exchange's regulated market with effect from the Issue
Date.
(a)
Estimate
of
total
expenses
6,900
related to admission to trading:

2.
RATINGS
Ratings:
The Notes to be issued have been rated:
Baa2 by Moody's Investors Service España, S.A.
(Moody's);
BBB- by S&P Global Ratings Europe Limited, Italy
Branch (S&P); and
BBB by Fitch Italia Società Italiana per il Rating 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 the fees payable to the 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 Managers and their affiliates (including parent company) 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:
1.842 per cent.
The yield is calculated at the Issue Date on the basis of the
Issue Price for the period from the Issue Date until the
Maturity Date. It is not an indication of future yield.

5.
HISTORIC INTEREST RATES (Floating Rate Notes only)
Not Applicable
6.
OPERATIONAL INFORMATION
(a)
ISIN Code:
XS2104968404
(b)
Common Code:
210496840

(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/1EMTN 20300120, 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:
Syndicated
(ii)
If
syndicated,
names
and
Bank of Montreal, London Branch
addresses
of
Managers
Commerzbank Aktiengesellschaft
(specifying Lead Manager) and
DekaBank Deutsche Girozentrale
DZ BANK AG Deutsche Zentral-Genossenschaftsbank,
underwriting commitments:
Frankfurt am Main
HSBC Bank plc
ING Bank N.V.
J.P. Morgan Securities plc
Merrill Lynch International
MPS Capital Services Banca per le Imprese S.p.A.
Société Générale
Nordea Bank Abp
SMBC Nikko Capital Markets Limited
UniCredit Bank AG

(iii)
Date of Subscription Agreement:
16 January 2020

(iv)
Stabilisation
Manager(s)
(if
Not Applicable
any):
(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
Applicable
Retail Investors: