Call notice GBP 250mn Capital Securities (ISIN XS0368541032)
Notice to holders of £250,000,000 Fixed/Floating Rate Perpetual Non-Cumulative Capital Securities (ISIN: XS0368541032) (the "Capital Securities")
Capitalised terms used and not otherwise defined in this notice shall have the meanings set out in the prospectus relating to the Capital Securities and dated 6 June 2008 (the “Prospectus”).
In accordance with the Terms and Conditions of the Capital Securities, the Issuer has determined that, as of 5 November 2021 a Capital Event has occurred and is continuing.
Notice is hereby given, to all holders of the Capital Securities, that in accordance with Condition 8(b) in conjunction with Condition 8(e) of the Terms and Conditions of the Capital Securities, the Issuer will redeem all the outstanding Capital Securities on 4 January 2022 (the “Redemption Date”) at the Make Whole Redemption Price.
The delisting of the Capital Securities will be effective on 31 December 2021. In consultation with Euronext Amsterdam, it has been decided that the last day of trading of the Capital Securities will be on 30 December 2021.
The Make Whole Redemption Price will be determined by UBS AG London Branch, which has been appointed by the Issuer as Agent Bank, on the Reference Date (being three London Business Days prior to the Redemption Date).