Swiss Re AG announced that subordinated fixed to floating rate non step up callable notes with a scheduled maturity in 2050 issued by Swiss Re limited on May 9, 2022 and registered in the name of the loan holder and to the fiscal agency agreement dated November 13, 2015 relating to the loan notes between SRL, the Bank of New York Mellon, acting through its London branch as, among other things, fiscal agent and principal paying agent and the Bank of New York Mellon, (Luxembourg) S.A. as registrar. SRL hereby gives the irrevocable notice of its intention to call for redemption, in accordance with condition 4.3, of all outstanding Loan Notes on the first optional date, being August 15, 2025. As of the date hereof, USD 700,000,000 in aggregate principal amount of the loan notes are outstanding.
The loan notes are to be redeemed in cash on the first optional redemption date at the cash redemption amount.
