UBS AG, acting through its London branch

Transcription

1 The Final Terms dated 4 September 2017 UBS AG, acting through its London branch Issue of EUR 1,000,000, per cent. Notes due 5 November 2021 under the Euro Note Programme Any person making or intending to make an offer of the Notes may only do so in circumstances in which no obligation arises for the Issuer or any Manager to publish a prospectus pursuant to Article 3 of the Prospectus Directive or supplement a prospectus pursuant to Article 16 of the Prospectus Directive, in each case, in relation to such offer. The expression "Prospectus Directive" for the purpose of these Final Terms means Directive 2003/71/EC (and amendments thereto, including the 2010 PD Amending Directive), to the extent implemented in the relevant Member State of the European Economic Area, and includes any relevant implementing measure in the relevant Member State, and "2010 PD Amending Directive" means Directive 2010/73/EU. PART A - CONTRACTUAL TERMS Terms used herein shall be deemed to be defined as such for the purposes of the Conditions set forth in the Base Prospectus dated 31 May 2017 and the supplement to it dated 25 August 2017 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 the Base Prospectus. Full information on the Issuer and the offer of the Notes described herein is only available on the basis of the combination of these Final Terms and the Base Prospectus. The Base Prospectus (including the supplement) is available for viewing at and copies may be obtained from the offices of the Paying Agents, The Bank of New York Mellon, acting through its London Branch, One Canada Square, London E14 5AL, The Bank of New York Mellon SA/NV, Luxembourg Branch, Vertigo Building - Polaris, 2-4 rue Eugène Ruppert, L-2453 Luxembourg and The Bank of New York Mellon SA/NV Dublin Branch, 4th Floor, Hanover Building, Windmill Lane, Dublin 2, Ireland. 1. Issuer: UBS AG, acting through its London branch 2. (i) Series Number: (ii) Tranche Number: 1 (iii) Date on which the Notes become fungible: 3. Currency: Euro ("EUR") 4. Aggregate Nominal Amount: (i) Series: EUR 1,000,000,000 (ii) Tranche: EUR 1,000,000,

2 5. Issue Price: per cent. of the Aggregate Nominal Amount 6. (i) Specified Denominations: Registered Notes (ii) Calculation Amount: EUR 1, (i) Issue Date: 5 September 2017 The Notes may be issued, traded and redeemed in minimum denominations of EUR 200,000 and integral multiples of EUR 1,000 in excess thereof (ii) Interest Commencement Date: Issue Date 8. Maturity Date: 5 November Interest Basis: per cent. Fixed Rate (see paragraph 13 below) 10. Redemption/Payment Basis: Subject to any purchase and cancellation or early redemption, the Notes will be redeemed on the Maturity Date at 100 per cent. of their nominal amount. 11. Put/Call Options: Issuer Call 12. Status of the Notes: Senior PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE 13. Fixed Rate Note Provisions: Applicable (i) Rate of Interest: per cent. per annum payable in arrear on each Interest Payment Date. (ii) Interest Payment Date(s): 5 November in each year, commencing 5 November 2018 (the "First Interest Payment Date"); adjusted for payment purposes only in accordance with the Following Business Day Convention (iii) Fixed Coupon: EUR 1.25 per Calculation Amount, payable on each Interest Payment Date other than the First Interest Payment Date (iv) Broken Amount: Long first coupon: EUR 1.46 per Calculation Amount, payable on the First Interest Payment Date - 2 -

3 (v) Day Count Fraction: Actual/Actual (ICMA) 14. Floating Rate Note Provisions: 15. Zero Coupon Note Provisions: PROVISIONS RELATING TO REDEMPTION 16. Redemption Amount: EUR 1,000 per Calculation Amount 17. Redemption at the option of the Issuer: Applicable (i) Optional Redemption Amount: EUR 1,000 per Calculation Amount (ii) Optional Redemption Date: 5 October 2021 (iii) (iv) Notice period for notice to the Noteholders in the case of redemption at the option of the Issuer: Minimum Redemption Amount: (v) Higher Redemption Amount: 18. Redemption at the option of the Noteholders: 19. Tax Redemption Amount: If the Notes are redeemed as a result of the Issuer being required to pay Additional Amounts pursuant to Condition 7(b), then the Tax Redemption Amount will be EUR 1,000 per Calculation Amount GENERAL PROVISIONS APPLICABLE TO THE NOTES 20. Form of Notes: Registered Notes: 21. New Global Note: 22. New Safekeeping Structure: Yes Unrestricted Global Note registered in the name of a nominee for a common safekeeper for Euroclear and Clearstream, Luxembourg (that is, held under the New Safekeeping Structure (NSS)) 23. Business Days: London and TARGET2-3 -

4

5 PART B - OTHER INFORMATION 1. LISTING (i) Listing: Ireland (ii) Admission to trading: Application has been made for the Notes to be admitted to trading on the regulated market of the Irish Stock Exchange with effect from on or about the Issue Date 2. RATINGS The following ratings reflect ratings assigned to Notes of this type issued under the Programme generally: Standard & Poor's Credit Market Services France SAS: A+ Moody's Investors Service Ltd.: A1 Fitch Ratings Ltd.: A+ Scope Ratings AG: A+ All of the above-mentioned rating agencies are established in the European Union and registered under Regulation (EU) No 1060/2009, as amended (the "CRA Regulation") In general, European regulated investors are restricted from using a rating for regulatory purposes if such rating is not issued by a credit rating agency established in the European Union and registered under the CRA Regulation unless (1) the rating is provided by a credit rating agency not established in the European Economic Area (the "EEA") but is endorsed by a credit rating agency established in the EEA and registered under the CRA Regulation or (2) the rating is provided by a credit rating agency not established in the EEA which is certified under the CRA Regulation In Australia, credit ratings are for distribution only to a person (a) who is not a "retail client" within the meaning of section 761G of the Corporations Act 2001 of Australia ("Corporations Act") and is also a sophisticated investor, professional investor or other investor in respect of whom disclosure is not required under Part 6D.2 or 7.9 of the Corporations Act, and (b) who is otherwise permitted to receive credit ratings in accordance with applicable law in any jurisdiction in which the person may be located. Anyone who is not such a person is not entitled to receive the Base Prospectus or these Final Terms and anyone who receives the Base Prospectus and these Final Terms must not distribute it to any person who is not entitled to receive it 3. INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE/OFFER Save as discussed in "Subscription and Sale" in the Base Prospectus, so far as the Issuer is aware, no person involved in the offer of the Notes has an interest material - 5 -

6 to the offer 4. REASONS FOR THE OFFER, ESTIMATED NET PROCEEDS AND TOTAL EXPENSES (i) Reasons for the offer: The net proceeds will be used by the Issuer for its general corporate purposes or towards meeting the general financing requirements of the UBS Group, in each case outside Switzerland unless use in Switzerland is permitted under the Swiss taxation laws in force from time to time without payments in respect of the Notes becoming subject to withholding or deduction for Swiss withholding tax as a consequence of such use of proceeds in Switzerland (ii) Estimated net proceeds: EUR 993,820,000 (iii) Estimated total expenses related to the admission to trading: EUR YIELD Indication of yield: per cent. per annum As set out above, the yield is calculated at the Issue Date on the basis of the Issue Price. It is not an indication of future yield 6. OPERATIONAL INFORMATION CUSIP: ISIN Code: XS Common Code: Swiss Valor: Intended to be held in a manner which would allow Eurosystem eligibility: Yes. Note that the designation "yes" simply means that the Notes are intended upon issue to be deposited with one of the ICSDs as common safekeeper (and registered in the name of a nominee of one of the ICSDs acting as common safekeeper), and does not necessarily mean that the Notes will be recognised as eligible collateral for Eurosystem monetary policy and intraday credit operations by the Eurosystem either upon issue or at any or all times during their - 6 -

7 life. Such recognition will depend upon the European Central Bank being satisfied that Eurosystem eligibility criteria have been met Any clearing system(s) and the relevant identification number(s) (if applicable): Delivery: Names and addresses of additional Paying Agent(s) (if any): Euroclear Bank SA/NV and Clearstream Banking S.A. Delivery against payment 7. DISTRIBUTION (i) Method of distribution: Syndicated (ii) If syndicated, names and address of Managers and underwriting commitments: Sole Bookrunner: UBS Limited 5 Broadgate London EC2M 2QS United Kingdom EUR 575,000,000 Joint Lead Managers: ABN AMRO Bank N.V. Gustav Mahlerlaan PP Amsterdam The Netherlands Banca IMI S.p.A. Largo Mattioli, Milan Italy Banco Bilbao Vizcaya Argentaria, S.A. Via de Poblados s/n, 2 o Planta Madrid Spain Banco Santander, S.A. Ciudad Grupo Santander Avenida de Cantabria s/n Edificio Encinar Boadilla del Monte Madrid Spain - 7 -

8 (iii) (iv) Date of Subscription Agreement: Stabilising Manager(s) (if any): Commerzbank Aktiengesellschaft Kaiserstraße 16 (Kaiserplatz) Frankfurt am Main Germany DZ BANK AG Deutsche Zentral- Genossenschaftsbank, Frankfurt am Main Platz der Republik Frankfurt am Main Germany Natixis 30, avenue Pierre Mendès-France Paris France Raiffeisen Bank International AG Am Stadtpark 9 A-1030 Vienna Austria Swedbank AB (publ) SE Stockholm Sweden UniCredit Bank AG Arabellastraße Munich Germany 4 September 2017 UBS Limited If non-syndicated, name and address of Dealer: Total commission and concession: 0.20 per cent. of the Aggregate Nominal Amount - 8 -

9 U.S. Selling Restrictions: ERISA: Withholding under Section 871(m): Public Offer: Prohibition of sales to EEA Retail Investors: Reg. S Compliance Category 2; TEFRA not applicable Eligible: Yes - 9 -