Ciao, questo e' quello che so:
Issuer:............UniCredit S.p.A (UCGIM)
Issuer LEI:........549300TRUWO2CD2G5692
Notes:.............Non-Cumulative Temporary Write-Down
...................Deeply Subordinated Fixed Rate Resettable EUR
...................Notes, RegS Bearer, CGN, Compliance Category 2,
...................TEFRA D
Maturity:..........Perpetual (maturity linked to corporate duration
...................of UniCredit S.p.A.)
Issuer Rating:.....Baa1 (Moody’s) Stable, BBB (S&P) Stable,
...................BBB- (Fitch) Stable
Exp. Issue Rating:.Ba3 by Moody’s
Pricing Date:......30 June 2021
Settlement Date:...07 July 2021, T+5
First Reset Date:..03 June 2028
Size:..............EUR bmk
Optional Redemption Date:.The Notes may be redeemed, in whole or in part,
...................at the option of the Issuer on (i) any calendar day
...................during the six-month period commencing on (and
...................including) 3rd December 2027 to (and including) the
...................First Reset Date and (ii) any Interest Payment Date
...................thereafter, at the Prevailing Principal Amount, and
...................subject to the prior consent of the relevant Competent
...................Authority in accordance with Relevant Regulations.
EMTN Programme Ranking: Subordinated, ranking junior to all indebtedness
................... (other than pari passu with the Notes), pari passu with
...................other Additional Tier 1 Capital instruments and senior
...................to share capital. Any right of set-off is waived.
Interest:..........Fixed rate of [●]% per annum until the First
...................Reset Date and thereafter reset every 5 years to the
...................aggregate of the Margin plus the then 5-Year Mid-Swap
...................Rate, calculated on an annual basis and then converted
...................to a semi-annual rate in accordance with market
...................conventions; Non-cumulative and in each case payable
...................semi-annually. Act/Act ICMA following unadjusted.
Margin:............[●]bps per annum (no step up)
Coupon Payment Dates: 3 June and 3 December in each year,
...................from (and including) 3 December 2021, short first
Optional Cancellation of Interest: Applicable as per Condition 7.1 in the
...................EMTN Programme. The Issuer may decide in its sole
...................discretion, to cancel any payment of interest on any
...................interest payment date on a non-cumulative basis. No
...................dividend pusher / stopper
Mandatory Cancellation of Interest: Applicable as per Condition 7.1 in the
...................EMTN Programme. Mandatory Cancellation upon
...................(i) insufficient Distributable Items; and/or
...................(ii) distributions exceeding Maximum Distributable
...................Amount; and/or
...................(iii) request by a Competent Authority;
...................(iv) the occurrence of a Contingency Event;
Redemption:........(i) as per Condition 10.5 of the Terms & Conditions for
...................the Italian Law Notes in the EMTN Programme On any
...................Optional Redemption Date (Call) at the Prevailing
...................Principal Amount plus any accrued interest and any
...................additional amounts due;
...................(ii) as per Condition 10.3 of the Terms & Conditions for
...................the Italian Law Notes in the EMTN Programme, upon
...................reduction of interest deductibility or obligation to pay
...................of additional amounts at any time at the Prevailing
...................Principal Amount plus any accrued interest and any
...................additional amounts due;
...................(iii) as per Condition 10.4 of the Terms &
...................Conditions for the Italian Law Notes in the EMTN
...................Programme, upon loss of recognition as AT1 in whole but
...................not in part at any time at their Prevailing
...................Principal Amount, plus (if appropriate) any accrued
...................interest and any additional amounts due,
...................in each case, in compliance with the relevant provisions
...................of the CRR as per Condition 10.15 of the Terms &
...................Conditions for the Italian Law Notes in the EMTN
...................Programme
Loss Absorption Event: As per Condition 8.1 of the Terms & Conditions for
...................the Italian Law Notes in the EMTN Programme, if CET1
...................Capital Ratio of the UniCredit Group or the Issuer at
...................any time falls below 5.125 per cent or the then minimum
...................trigger specified in the relevant regulation to
...................Additional Tier 1 instruments, (“Contingency Event”)
...................then the Issuer shall cancel any interest accrued and
...................reduce the then outstanding principal amount by the
...................amount required to remedy the trigger breach taking into
...................consideration other instruments with similar write down
...................triggers (and Prior Loss Absorbing Instruments) where
...................possible
Discretionary reinstatement: As per Condition 8.3 of the Terms & Conditions
...................for the Italian Law Notes in the EMTN Programme, if both
...................a Positive Net Income and a Positive Consolidated Net
...................Income are recorded, then the Issuer may, in its full
...................discretion and subject to the Maximum Distributable
...................Amount, increase the Prevailing Principal Amount of the
...................Notes on a pro-rata basis with all other similar AT1
...................instruments; the sum of the aggregate of write-up amount
...................on the Notes and all other similar AT1 instruments) and
...................interest rate payments (since end of previous financial
...................year) (on the Notes and all other similar AT1
...................instruments) not exceeding the Maximum Write-Up Amount
Risk Factors:......Investors should read the ”Risk Factors”included in the
...................Base Prospectus dated 7 June 2021
Listing:...........Luxembourg Stock Exchange’s Regulated Market
Governing Law:.....Italian Law
Contractual recognition of statutory bail-in power: Each Noteholder
...................acknowledges and agrees to be bound by the exercise of
...................any Bail-in Power by the Competent Authority
Docs:..............EMTN Programme dated 7 June 2021
Denomination:......EUR 200,000 + EUR 1,000 thereafter
Target Market:.....Eligible Counterparties and Professional clients only
...................(all distribution channels) No PRIIPs key information
...................document (KID) has been prepared as not available to
...................retail in EEA
Fees:..............The Banks will be paid a fee by the Issuer in relation
...................to the transaction
Joint Bookrunners:.Barclays, BNP Paribas, Deutsche Bank, HSBC, Santander,
...................UBS Investment Bank, and UniCredit Bank (B&D)
ISIN:.............. XS2356217039
Common Code:.......235621703
Timing:............Books open, today’s business
vedo che qui non ne parla nessuno...immagino che per size minima, difficoltà di acquisto, ecc ecc sia ormai di scarso interesse. Qualcuno ha qualche info in più?
