TIDMPRU
RNS Number : 9592Q
Prudential PLC
01 November 2021
1 November 2021
Prudential plc
Publication of Final Terms relating to the issue of
US$1,000,000,000 2.95 per cent. Subordinated Notes due 3 November
2033 by Prudential plc ("Prudential" or the "Company")
The following Final Terms are available for viewing (the "Final
Terms"):
Final Terms dated 1 November 2021 relating to the issue by the
Company of US$1,000,000,000 2.95 per cent. Subordinated Notes due 3
November 2033 pursuant to the Company's US$10,000,000,000 Medium
Term Note Programme.
To view the Final Terms, please paste the following URL into the
address bar of your browser:
http://www.rns-pdf.londonstockexchange.com/rns/9592Q_1-2021-11-1.pdf
The Final Terms must be read in conjunction with the prospectus
dated 21 September 2021 relating to the Company's US$10,000,000,000
Medium Term Note Programme (the "Prospectus").
A copy of the Final Terms will be submitted to the National
Storage Mechanism.
This announcement is not provided for, or directed at, persons
in the United States.
Enquiries to:
Media: Investors/Analysts:
+44 (0)20 3977
+44 (0)20 3977 9702
Addy Frederick 9399 +65 9845 Patrick Bowes +44 (0)20 3977
Ping Ping Tan 8904 William Elderkin 9215
About Prudential plc
Prudential provides life and health insurance and asset
management, with a focus on Asia and Africa. The business helps
people get the most out of life, by making healthcare affordable
and accessible and by promoting financial inclusion. Prudential
protects people's wealth, helps them grow their assets, and
empowers them to save for their goals. The business has more than
17 million life customers in Asia and Africa and is listed on stock
exchanges in London, Hong Kong, Singapore and New York. Prudential
is not affiliated in any manner with Prudential Financial, Inc. a
company whose principal place of business is in the United States
of America, nor with The Prudential Assurance Company Limited, a
subsidiary of M&G plc, a company incorporated in the United
Kingdom.
Disclaimer
Please note that the information contained in the Prospectus and
the Final Terms may be addressed to and/or targeted at persons who
are residents of particular countries (specified in the Prospectus
and the Final Terms) only and is not intended for use and should
not be relied upon by any person outside these countries and/or to
whom the offer contained in the Prospectus and the Final Terms is
not addressed. Prior to relying on the information contained in the
Prospectus you must ascertain from the Prospectus and the Final
Terms whether or not you are part of the intended addressees of the
information contained therein. Your right to access this service is
conditional upon complying with the above requirement.
Nothing in this announcement, and neither the Prospectus nor the
Final Terms, constitutes an offer of securities for sale in the
United States. The securities described in this announcement have
not been, and will not be, registered under the U.S. Securities Act
of 1933, as amended, or under any relevant securities laws of any
state of the United States of America and may not be offered, sold
or delivered in the United States of America or to, or for the
account of or benefit of, U.S. Persons, subject to certain limited
exemptions.
Forward-looking statements
This announcement may contain 'forward-looking statements' with
respect to certain of Prudential's plans and its goals and
expectations relating to the proposed redemption of certain debt
securities and its future financial condition, performance,
results, strategy and objectives. Statements that are not
historical facts, including statements about Prudential's beliefs
and expectations and including, without limitation, statements
containing the words 'may', 'will', 'should', 'continue', 'aims',
'estimates', 'projects', 'believes', 'intends', 'expects', 'plans',
'seeks' and 'anticipates', and words of similar meaning, are
forward-looking statements. These statements are based on plans,
estimates and projections as at the time they are made, and
therefore undue reliance should not be placed on them. By their
nature, all forward-looking statements involve risk and
uncertainty.
A number of important factors could cause Prudential's actual
future financial condition or performance or other indicated
results of the entity referred to in any forward-looking statement
to differ materially from those indicated in such forward-looking
statement. Such factors include, but are not limited to, the impact
of the current Covid-19 pandemic, including adverse financial
market and liquidity impacts, responses and actions taken by
governments, regulators and supervisors, the impact to sales,
claims and assumptions and increased product lapses, disruption to
Prudential's operations (and those of its suppliers and partners),
risks associated with new sales processes and information security
risks; future market conditions, including fluctuations in interest
rates and exchange rates, the potential for a sustained
low-interest rate environment, and the impact of economic
uncertainty, asset valuation impacts from the transition to a lower
carbon economy, derivative instruments not effectively hedging
exposures arising from product guarantees, inflation, including
interest rate rises as a response, and deflation and the
performance of financial markets generally; global political
uncertainties, including the potential for increased friction in
cross-border trade and the exercise of executive powers to restrict
trade, financial transactions, capital movements and/or investment;
the policies and actions of regulatory authorities, including, in
particular, the policies and actions of the Hong Kong Insurance
Authority, as Prudential's Group-wide supervisor, as well as new
government initiatives generally; given its designation as an
Internationally Active Insurance Group, the impact on Prudential of
systemic risk and other group supervision policy standards adopted
by the International Association of Insurance Supervisors; the
impact of competition and fast-paced technological change; the
effect on Prudential's business and results from, in particular,
mortality and morbidity trends, lapse rates and policy renewal
rates; the physical, social and financial impacts of climate change
and global health crises on Prudential's business and operations;
the timing, impact and other uncertainties of future acquisitions
or combinations within relevant industries; the impact of internal
transformation projects and other strategic actions failing to meet
their objectives; the effectiveness of reinsurance for Prudential's
businesses; the risk that Prudential's operational resilience (or
that of its suppliers and partners) may prove to be inadequate,
including in relation to operational disruption due to external
events; disruption to the availability, confidentiality or
integrity of Prudential's information technology, digital systems
and data (or those of its suppliers and partners); any ongoing
impact on Prudential of the demerger of M&G plc and the
demerger of Jackson Financial Inc.; the impact of changes in
capital, solvency standards, accounting standards or relevant
regulatory frameworks, and tax and other legislation and
regulations in the jurisdictions in which Prudential and its
affiliates operate; the impact of legal and regulatory actions,
investigations and disputes; and the impact of not adequately
responding to environmental, social and governance issues. These
and other important factors may, for example, result in changes to
assumptions used for determining results of operations or
re-estimations of reserves for future policy benefits. Further
discussion of these and other important factors that could cause
Prudential's actual future financial condition or performance or
other indicated results of the entity referred to in any
forward-looking statements to differ, possibly materially, from
those anticipated in Prudential's forward-looking statements can be
found under the 'Risk Factors' heading in Prudential's 2021 Half
Year Report and the 'Risk Factors' heading of Prudential's most
recent Half Year Report on Form 6-K filed with the U.S. Securities
and Exchange Commission ("SEC"). Prudential's most recent Half Year
Report and Form 6-K are available on its website at
www.prudentialplc.com.
Any forward-looking statements contained in this announcement
speak only as of the date on which they are made. Each of
Prudential and its Representatives expressly disclaims any
obligation to update any of the forward-looking statements
contained in this announcement or any other forward-looking
statements it may make, whether as a result of future events, new
information or otherwise except as required pursuant to the UK
Prospectus Rules, the UK Listing Rules, the UK Disclosure Guidance
and Transparency Rules, the Hong Kong Listing Rules, the SGX-ST
listing rules or other applicable laws and regulations.
Prudential may also make or disclose written and/or oral
forward-looking statements in reports filed with or furnished to
the Financial Conduct Authority, the SEC or other regulatory
authorities, as well as in its annual report and accounts to
shareholders, periodic financial reports to shareholders, proxy
statements, offering circulars, registration statements,
prospectuses and prospectus supplements, press releases and other
written materials and in oral statements made by directors,
officers or employees of Prudential to third parties, including
financial analysts. All such forward-looking statements are
qualified in their entirety by reference to the factors discussed
under the 'Risk Factors' heading in Prudential's 2021 Half Year
Report and the 'Risk Factors' heading of Prudential's most recent
Half Year Report on Form 6-K filed with the SEC. These factors are
not exhaustive as Prudential operates in a continually changing
business environment with new risks emerging from time to time that
it may be unable to predict or that it currently does not expect to
have a material adverse effect on its business.
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END
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