REG - AB Financial Product - Automatic Early Redemption

MaximusAnnouncement

23/07/2020 11:20

RNS Number : 8868T
  
AB Financial Products DAC
  
23 July 2020
  
 

Company name                       AB Financial Products Designated Activity Company
Headline                                  Notice of Automatic Early Redemption of the Notes 
 
AB Financial Products Designated Activity Company
 
COMPANY ANNOUNCEMENT
For Immediate Release
 
Date of Announcement:        23 July 2020
Name of Issuer:                     AB Financial Products Designated Activity Company
Description of the Notes:      Series 333 USD 2,000,000 Single Underlying Autocallable Note (the "Notes") issued by AB Financial Products Designated Activity Company (the "Issuer") and guaranteed by Andorra Banc Agrícol Reig, S.A.
 
Re: Notice of automatic early redemption of the Notes 
The Issuer wishes to advise holders of the Notes that the Notes will be redeemed early on 28 July 2020 in accordance with their terms. Further details of such redemption are set out in the copy of the notice to noteholders attached at the Appendix hereto.
Should noteholders require any further information in respect of the above, the Issuer invites noteholders to make contact by letter or email with the following:
Contact Information:
 
AB Financial Products Designated Activity Company

2nd Floor
1-2 Victoria, Buildings
Haddington Road
Dublin 4
Ireland
Fax: 01-4161239
Attention: Directors
 
 
NOTICE OF AUTOMATIC EARLY REDEMPTION
To Noteholders of the outstanding
Series 333 USD 2,000,000 Single Underlying Autocallable Note (the "Notes") issued by AB Financial Products Designated Activity Company (the "Issuer") and guaranteed by Andorra Banc Agrícol Reig, S.A. 
ISIN: XS2159786560
Common Code: 215978656
 
NOTICE IS HEREBY GIVEN to the Noteholders of the above Notes that on the Observation Date which occurred on 21 July 2020 the Reference Level of the Shares was greater than the Redemption Threshold. As a result and in accordance with paragraph II (Automatic Early Redemption) of the product specific terms for Product Number 13: Single Underlying Autocallable Note (Physical Settlement), the Notes shall redeem at the Cash Settlement Amount (Early Redemption), being 100% of the Nominal Amount of each Note on 28 July 2020, such date being the Early Redemption Date. 
 
Following the payment by the Issuer of the Early Redemption Amount in respect of each Note, the Notes shall be redeemed and the Issuer shall have no further obligations to Noteholders in respect of the Notes.
This notice of automatic early redemption is given to Noteholders in accordance with Condition 7(f) (Automatic Early Redemption) of the terms and conditions of the Notes. 
Capitalised terms used herein shall, unless the context otherwise requires, have the meanings given to them in the pricing supplement dated as of 28 April 2020 relating to the issue of the Notes.
AB Financial Products Designated Activity Company
 
By:……………………………………
As of 23 July 2020
 
 
 
 
 
This announcement has been issued through the Companies Announcement Service of Euronext Dublin.
 
 


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