Zurich Finance DAC

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C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	FNCL	PRCD	-	Zurich Finance DAC	$500		1	EMEA	Nov 24, 2021

Tranche #1Zurich Finance DAC

currency

USD

size (m)

500.000

maturity

May 2, 2052

type

Fixed

tenor

30.400

call

registration

Reg S Only

benchmark

Tsy

ranking

Subordinated

moody's

s&p

A+

fitch

size description

re-open/tap

ipt

3.625-3.75%

ipt-pxd

guidance

3.5 % a

spread

179.3

coupon

3.5%

spread set

price

100.00000

yield

3.5%

book size (m)

525

peak book (m)

x-covered

1.05

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

525

peak book (m)

x-covered

1.05

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

30.4 yr: Book size: 525; First Pay: 2022-05-02; Redemption: 2032-02-02; Registration: Reg S Only; Comments: USD500m 30.4NC10.4 sub bmk Reg S. A2/A+. Citi(B&D)/CA-CIB/CS/HSBC. IPTs 3.625/3.75% annual coupon, guidance 3.5% area (+/-5 WPIR), launch 500m at 3.5% ann cpn. Bk >525m pre rec, peak >900m. Initial Margin T+179.3 / Reset Margin T+279.3bps. Tax Call: Yes. Cleanup Call: at par. LEI: 549300E0FVHYR37EGX65;

Guarantor(s)

Zurich Insurance Co Ltd

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