Source - RNS
RNS Number : 3980X
AB Financial Products DAC
09 August 2018
 

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:         9  August 2018

Name of Issuer:                      AB Financial Products Designated Activity Company

Description of the Notes:       Series 174 EUR 730,000 Worst of Basket Autocallable Note with Memory Coupon (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 were redeemed early on 21 August 2018 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 174 EUR 730,000 Worst of Basket Autocallable Note with Memory Coupon (the "Notes") issued by AB Financial Products Designated Activity Company (the "Issuer") and guaranteed by Andorra Banc Agrícol Reig, S.A.

ISIN: XS1772378417

Common Code: 177237841

 

NOTICE IS HEREBY GIVEN to the Noteholders of the above Notes that on the Observation Date which occurred on 7 August 2018 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 21 Worst of  Autocallable Note with Memory Coupon (Physical Settlement), the Notes shall redeem at the Cash Settlement Amount (Early Redemption), being 100% of the Nominal Amount of each Note on 21 August 2018, 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 21 February 2018 relating to the issue of the Notes.

AB Financial Products Designated Activity Company

 

By:……………………………………

As of 9 August 2018

 

 

 

 

 

This announcement has been issued through the Companies Announcement Service of Euronext Dublin.

 

 


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