The FINANCIAL -- This announcement is not an offering memorandum or prospectus and is for informational purposes only. This announcement does not constitute or form part of any offer of, or solicitation to purchase or subscribe for, the securities referred to in this announcement in the United States, Australia, Canada, South Africa or Japan or in any other jurisdiction in which offers or sales of such securities would be restricted by applicable law or regulation.
According to Swiss Re, such securities have not been, and will not be, registered under U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration, except pursuant to an exemption from, or in transactions not subject to, the registration requirements of said Act, and applicable state or local securities laws. Such securities are not being offered in the United States or to US persons.
In connection with the successful placement of USD 500 million of 6-year senior exchangeable notes with issuer stock settlement on 6 June 2018, Swiss Re Ltd hereby announces the following in relation to the Swiss Re notes:
The reference share price is USD 88.6610;
The resulting initial exchange price is USD 115.2593 (including the exchange premium of 30%);
The initial share price floor is USD 44.3305;
The initial exchange ratio is 1,735.2179 Swiss Re shares per calculation amount;
The dividend threshold for each dividend relevant period is CHF 4,338.04475.