APPLICABLE FINAL TERMS

Final Terms dated 15 March 2024

ABU DHABI COMMERCIAL BANK PJSC

Legal Entity Identifier (LEI): 213800RWVKKIRX1AUH58

Issue of U.S.$30,000,000 Floating Rate Notes due 19 March 2029

under the U.S.$15,000,000,000

Global Medium Term Note Programme

PART A CONTRACTUAL TERMS

Terms used herein shall be deemed to be defined as such for the purposes of the Conditions set forth in the base prospectus dated 7 July 2023 and the supplements to the base prospectus dated 9 August 2023 and 1 February 2024, which together constitute a base prospectus (the "Base Prospectus") for the purposes of Regulation (EU) 2017/1129, as amended (the "EU Prospectus Regulation"). This document constitutes the applicable Final Terms of the Notes described herein for the purposes of Article 8(4) of the EU Prospectus Regulation and must be read in conjunction with the Base Prospectus. Full information on the Issuer and the offer of the Notes is only available on the basis of the combination of these applicable Final Terms and the Base Prospectus. The Base Prospectus is available for viewing on the website of Euronext Dublin (https://live.euronext.com/) and during normal business hours at Abu Dhabi Commercial Bank PJSC, ADCB Tower, Head Office, Sheikh Zayed Street, P.O. Box 939, Abu Dhabi, United Arab Emirates, and copies may be obtained from Abu Dhabi Commercial Bank PJSC, ADCB Tower, Head Office, Sheikh Zayed Street, P.O. Box 939, Abu Dhabi, United Arab Emirates.

1.

(a)

Series Number:

187

(b)

Tranche Number:

1

    1. Date on which the Notes Not Applicable become fungible:
  2. Specified Currency or Currencies: US dollars (USD)
  3. Aggregate Nominal Amount of USD 30,000,000 Notes admitted to trading:

4.

Issue Price:

100.00 per cent. of the Aggregate Nominal

Amount

5.

(a)

Specified

Denominations

USD 200,000

(in the case of Registered

Notes this

means the

minimum integral amount

in which transfers can be made):

    1. Calculation Amount:
  2. (a) Issue Date:
    1. Interest Commencement Date:
  4. Maturity Date:
  5. Interest Basis:
  6. Redemption/Payment Basis:
  7. Change of Interest Basis or Redemption/Payment Basis:
  8. Put/Call Options:
  9. (a) Status of the Notes:
    1. Date approval for issuance of Notes obtained:

USD 200,000

19 March 2024

Issue Date

Interest Payment Date falling in or nearest to March 2029

Compounded Daily SOFR + 1.25 per cent. Floating Rate

(further particulars below)

Redemption at par

Not Applicable

Not Applicable

Senior

20 March 2023

PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE

13.

Fixed Rate Note Provisions:

Not Applicable

14.

Floating Rate Note Provisions:

Applicable

(a)

Specified

Quarterly on 19 March, 19 June, 19

Period(s)/Specified Interest

September and 19 December in each year

Payment Dates:

from and including 19 June 2024 up to and

including the Maturity Date, subject to

adjustment in accordance with the Business

Day Convention set out in (b) below

(b)

Business Day Convention:

Modified

Following

Business

Day

Convention

(c)

Additional

Business

London, New York, Abu Dhabi

Centre(s):

(d)

Manner in which the Rate

Screen Rate Determination

of Interest and

Interest

Amount

is

to

be

determined:

(e)

Party

responsible

for Principal Paying Agent

calculating

the

Rate

of

Interest

and

Interest

Amount:

  1. Screen Rate Determination: Applicable

(i)

Reference Rate:

SOFR

(ii)

Index

Not Applicable

Determination:

(iii)

Interest

The fifth U.S. Government Securities

Determination

Business Day immediately preceding the

Date(s):

Interest Payment Date for each Interest

Period (or immediately preceding such

earlier date, if any, on which the Notes are

due and payable.

(iv)

Relevant

Screen

Reuters Screen SOFR Page

Page:

(v)

Relevant Time:

Not Applicable

  1. Relevant Financial Not Applicable Centre:

(vii)

Calculation

Compounded Daily

Method:

(viii)

Observation

Observation Shift

Method:

  1. Observation Look- Five U.S. Government Securities Business

back Period:

Days

(x)

D:

360

(xi)

Effective Interest

Not Applicable

Payment Date:

(xii)

Rate Cut-off Date:

Not Applicable

(g)

ISDA Determination:

Not Applicable

(h)

Linear Interpolation:

Not Applicable

(i)

Margin(s):

+1.25 per cent. per annum

  1. Minimum Rate of Interest: 0.00 per cent. per annum
  2. Maximum Rate of Interest: Not Applicable

(l)

Day Count Fraction:

Actual/360, Adjusted

15.

Reset Note Provisions:

Not Applicable

16.

Zero Coupon Note Provisions:

Not Applicable

PROVISIONS RELATING TO REDEMPTION

17.

Issuer Call:

Not Applicable

18.

Investor Put:

Not Applicable

19.

Change of Control Put:

Not Applicable

20.

Final Redemption Amount:

USD 200,000 per Calculation Amount

21.

(a)

Early Redemption Amount

USD 200,000 per Calculation Amount

payable on redemption for

taxation reasons or on event

of default:

(b)

Notice

period

on

Not Applicable in line with Conditions

redemption for tax reasons (if different from Condition

8.2 (Redemption for tax reasons):

GENERAL PROVISIONS APPLICABLE TO THE NOTES

22.

Form of Notes:

Bearer Notes:

Temporary Bearer Global Note exchangeable

for a Permanent Bearer Global Note which is

exchangeable for definitive Notes only upon an

Exchange Event

Reg. S Compliance Category 2; TEFRA D

23.

Additional Business Centre(s)

New York, London, Abu Dhabi

relating to Payment Days:

24. Talons for future Coupons or No Receipts to be attached to definitive Notes (and dates on which such Talons mature):

  1. Details relating to Partly Paid Not Applicable Notes: amount of each payment
    comprising the Issue Price and date on which each payment is to be made:
  2. Details relating to Instalment Not Applicable Notes:

27.

Redenomination applicable:

Redenomination not applicable

28.

RMB Settlement Centre(s):

Not Applicable

29.

RMB Currency Event:

Not Applicable

30.

Relevant Currency for

Not Applicable

Condition 7.9 (RMB Currency

Event):

31. Relevant Spot Rate Screen Pages for Condition 7.9 (RMB Currency Event):

(i)

Relevant Spot Rate

Not Applicable

Screen Page (Deliverable

Basis):

(ii)

Relevant Spot Rate

Not Applicable

Screen Page (Non-

deliverable basis):

32.

Party responsible for calculating

Not Applicable

the Spot Rate for Condition 7.9

(RMB Currency Event):

Signed on behalf of the Issuer:

By:

By:

Duly authorised

Duly authorised

Robbert Muller

Udit Dewan

Group Treasurer

Senior Head - Liquidity Management & Funding

PART B

OTHER INFORMATION

1. LISTING

(a)

Listing and Admission

to Application has been made by the Issuer (or

trading:

on its behalf) for the Notes to be admitted to

the Official List and to trading on the

Euronext Dublin's regulated market with

effect from the Issue Date

  1. Estimate of total expenses EUR 1,000 related to admission to trading:

2.

RATINGS

The Notes to be issued are expected to be

rated:

Ratings:

S&P Global Ratings

Europe Limited

("Standard & Poor's"):

A

Standard & Poor's is established in the EEA and registered under the EU CRA Regulation. As such, each of Fitch Ratings Ireland Limited and Standard & Poor's is included in the list of credit rating agencies published by the ESMA

onitswebsite(at https://www.esma.europa.eu/supervision/cre dit-rating-agencies/risk) in accordance with the EU CRA Regulation.

  1. INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE
    Save for any fees payable to the Manager, so far as the Issuer is aware, no person involved in the issue of the Notes has an interest material to the offer. The Manager and its affiliates have engaged, and may in the future engage, in investment banking and/or commercial banking transactions with, and may perform other services for, the Issuer or its affiliates in the ordinary course of business for which they may receive fees.
  2. YIELD (Fixed Rate Notes Only)

Indication of yield:

Not Applicable

5. OPERATIONAL INFORMATION

(a)

ISIN Code:

XS2791003010

(b)

Common Code:

279100301

(c)

FISN:

As set out on the website of the Association of

National Numbering Agencies (ANNA) or

alternatively sourced from the responsible

National Numbering Agency that assigned the

ISIN

(d)

CFI Code:

As set out on the website of the Association of

National Numbering Agencies (ANNA) or

alternatively sourced from the responsible

National Numbering Agency that assigned the

ISIN

(e)

CUSIP:

Not Applicable

(f)

CINS:

Not Applicable

  1. Any clearing system(s) other Not Applicable than DTC, Euroclear Bank
    SA/NV and Clearstream Banking S.A. and the relevant identification number(s):

(h)

Delivery:

Delivery against payment

  1. Names and addresses of Not Applicable additional Paying Agent(s) (if
    any):

6. REASONS FOR THE OFFER AND ESTIMATED NET AMOUNT OF PROCEEDS

Reasons for the offer:

See "Use of Proceeds" in the Base Prospectus

Estimated net proceeds:

USD 30,000,000

  1. PROHIBITION OF SALES TO EEA RETAIL INVESTORS Not Applicable
  2. PROHIBITION OF SALES TO UK RETAIL INVESTORS Not Applicable
  3. BENCHMARKS

Details of benchmarks administrators Not Applicable and registration under the EU

Benchmarks Regulation

10. THIRD PARTY INFORMATION

Not Applicable

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

Abu Dhabi Commercial Bank PJSC published this content on 19 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 March 2024 09:34:01 UTC.