News Release


[Sumitomo Mitsui Financial Group, Inc.]Notice regarding Pricing of Non-Dilutive Non-Cumulative Perpetual Preferred Securities(1/1)

Sumitomo Mitsui Financial Group, Inc.

 

Notice regarding Pricing of Non-Dilutive Non-Cumulative Perpetual Preferred Securities

 

TOKYO, September 16, 2009 --- Sumitomo Mitsui Financial Group, Inc. (SMFG, President: Teisuke Kitayama) hereby announces that it has determined the following conditions with regard to the issuance of non-dilutive non-cumulative perpetual preferred securities by its overseas special purpose subsidiary (the “Preferred Securities”) announced in the “Notice regarding Establishment of Overseas Special Purpose Subsidiary and Issuance of Non-Dilutive Non-Cumulative Perpetual Preferred Securities” dated August 24, 2009. The overseas special purpose subsidiary may issue any additional Preferred Securities in the future.

 

PARTICULARS

 

Issuers

SMFG Preferred Capital JPY 3 Limited

The issuer is an overseas special purpose subsidiary established in the Cayman Islands, the voting rights of which are wholly owned by SMFG

Type of Security

Japanese yen denominated Non-Cumulative Perpetual Preferred Securities
(Series A)

Japanese yen denominated Non-Cumulative Perpetual Preferred Securities
(Series B)

Japanese yen denominated Non-Cumulative Perpetual Preferred Securities
(Series C)

The Preferred Securities are not convertible into common stock of SMFG

Total Issue Amount

JPY 99.0 billion

JPY 164.5 billion

JPY 79.5 billion

Dividend Rate

4.06% per annum (Fixed rate until January 2020)

Floating rate after January 2020 (with step-up)

4.56% per annum (Fixed rate until January 2020)

Floating rate after January 2020 (non step-up)

3.98% per annum (Fixed rate until January 2015)

Floating rate after January 2015 (non step-up)

Issue Price

JPY 100 million per Preferred Security

Use of Proceeds

To be ultimately applied to strengthen the capital base of Sumitomo Mitsui Banking Corporation, a banking subsidiary of SMFG

Ranking

The Preferred Securities rank, as to liquidation preferences, effectively pari passu with preferred stock of SMFG

Method of Offering

Private placement to qualified institutional investors, etc. in Japan

Listing

Unlisted

Scheduled Issue Date

September 28, 2009

Note: The above description is prepared on the assumptions that SMFG performs necessary filings and obtains the approval, required under the relevant laws.

 

Disclaimer:

This document is prepared for the purpose of public disclosure about issuance of the Preferred Securities by SMFG and does not constitute a solicitation of an offer for purchase of any securities in and outside of Japan. This document is not an offer to sell or a solicitation of any offer to buy the Preferred Securities in the United States. The Preferred Securities set forth above have not been and will not be registered under the United States Securities Act of 1933 (the “Act”) and may not be offered or sold in the United States without registration or an applicable exemption from the registration requirements under the Act.




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