18062014 Final terms BCGE AT1_p1.ai

Final terms as of 18 June 2014
Banque Cantonale de Genève
CHF110 million subordinated perpetual bonds
Pricing Terms and Conditions
Issuer
Banque Cantonale de Genève ("BCGE")
Issuer rating (senior)
A+ (stable outlook) by Standard & Poor's
Instrument rating
Unrated
Securities
Perpetual Additional Tier 1 Subordinated Bonds
Amount
CHF 110 million
Pricing date
18 June 2014
Coupon
2.875% p.a., 30/360, following, unadjusted
Status
Deeply subordinated, ranking junior to Tier 2 instruments,
pari passu with other Tier 1 instruments and senior only to
Common Equity Tier 1
Tenor
Perpetual
Denomination
CHF 5’000 and multiples thereof
Issuer calls
At the earliest on the first call date and on every interest
payment date thereafter at prevailing notional amount
subject to the prior approval of the Regulator, if then
required. Any time upon occurrence of a tax or regulatory
event at prevailing notional amount subject to the prior
approval of the regulator, if then required
Settlement date
4 July 2014
First call date
4 February 2020
Coupon payments
Dividend stopper
Write-down trigger event
2.875 % on prevailing notional amount until first call date,
thereafter reset every 5 years at the then prevailing 5-year
CHF mid-swap rate plus 243.7 bps. Non-cumulative
coupons,payable at the discretion of the issuer, subject to
sufficient distributable items and to regulatory
intervention
Restrictions on dividend payments and share repurchases
if no coupon is paid
Upon occurrence of a write-down rigger event,the
principal is written down to the extent necessary to
remedy the trigger breach. Full principal write-down upon
occurrence of a viability event
Write-down trigger
5.125% Common Equity Tier 1
Viability event
If BCGE receives an irrevocable commitment of
extraordinary public sector support to prevent insolvency
(etc.), or a write-down is required to prevent insolvency
(etc.) as determined by FINMA
Joint-Lead managers
BCGE (no books) / UBS (books) /ZKB (books)
Final terms as of 18 June 2014
Legal and documentation
Documentation
Standalone CHF documentation
Governing law
Swiss law
Place of jurisdiction
Geneva
Sales restrictions
In particular USA, US persons, EEA, UK
Listing
SIX Swiss Exchange
First trading day on SIX
2 July 2014
Listing and principal paying agent
UBS AG
Primary clearing system
SIX SIS AG
Valoren Number
24.569.155
ISIN
CH0245691552