The subordinated bond will have no scheduled maturity, but will provide for ordinary call rights of Allianz after 10 years. The coupon of 3.375 percent per annum is fixed until 2024. The coupon will be adapted every ten years to the then prevailing 10-year mid-swap rate plus a fixed margin. Coupon payments will be subject to certain conditions and may be deferred.
Listing on the Luxembourg Stock Exchange is intended. The settlement is expected to occur on September 18, 2014.
This announcement and the information it contains are not being issued and may not be distributed in the United States of America. This announcement does not constitute an offer of securities for sale in the United States of America or to, or for the account or benefit of, any U.S. person or in any other jurisdiction. The securities referred to in this announcement have not been, and will not be, registered under the U.S. Securities Act of 1933 (as amended), and may not be offered or sold in the United States of America or any other jurisdiction absent registration or an applicable exemption from registration.
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