Mitsubishi UFJ Trust and Banking TLAC-eligible instruments Japan; CET1 below 5.125% triggers writedown
tb2606_04_en
MUTB T1-1 MUTB T1-2 MUTB B3AT1-1 1 Issuer Mitsubishi UFJ Trust and Banking The Master Trust Bank of Japan, etc. Mitsubishi UFJ Trust and Banking 2 Unique identifier (ISIN) ― ― ― 3 Governing law(s) of the instrument Japan Law Japan Law, etc. Japan Law 3a Means by which enforceability requirement of Section 13 of the TLAC Term Sheet is achieved (for other TLAC-eligible instruments governed by foreign law) Regulatory treatment 4 Transitional Basel III rules by 2022/3/30 Common equity Tier1 capital Common equity Tier1 capital Additional Tier 1 capital 5 Post-transitional Basel III rules from 2022/3/31 Common equity Tier1 capital Common equity Tier1 capital Additional Tier 1 capital 6 Eligible at solo/group/group and solo Mitsubishi UFJ Trust and Banking Mitsubishi UFJ Financial Group Mitsubishi UFJ Trust and Banking Mitsubishi UFJ Trust and Banking 7 Instrument type Common stock Common stock Perpetual Subordinated Loan borrowed from Mitsubishi UFJ Financial Group 8 Amount recognised in regulatory capital Consolidated JPY 1,953.7 billion JPY 4.1 billion JPY 50.0 billion Non-consolidated JPY 1,833.0 billion ― JPY 50.0 billion 9 Par value of instrument ― ― JPY 50.0 billion 10 Accounting classification Consolidated Shareholders’ equity Non-controlling interest in consolidated subsidiary Liability – amortised cost Non-consolidated Shareholders’ equity ― Liability – amortised cost 11 Original date of issuance ― ― 2016/3/3 12 Perpetual or dated Perpetual Perpetual Perpetual 13 Original maturity date ― ― No maturity 14 Issuer call subject to prior supervisory approval No No Yes 15 Optional call date and redemption amount ― ― 2026/7/15 at per Contingent call dates and redemption amount ― ― Tax event or Regulatory event at per 16 Subsequent call dates, if applicable ― ― Each interest payment date after the first call date Coupons / dividends 17 Fixed or floating dividend/coupon ― ― Fixed to floating 18 Coupon rate and any related index ― ― * 19 Existence of a dividend stopper No No Yes 20 Fully discretionary, partially discretionary or mandatory Fully discretionary Fully discretionary Fully discretionary 21 Existence of step-up or other incentive to redeem No No No 22 Non-cumulative or cumulative Non-cumulative Non-cumulative Non-cumulative 23 Convertible or non-convertible Non-convertible Non-convertible Non-convertible 24 If convertible, conversion trigger(s) ― ― ― 25 If convertible, fully or partially ― ― ― 26 If convertible, conversion rate ― ― ― 27 If convertible, mandatory or optional conversion ― ― ― 28 If convertible, specify instrument type convertible into ― ― ― 29 If convertible, specify issuer of instrument it converts into ― ― ― 30 Writedown feature No No Yes 31 If writedown, writedown trigger(s) ― ― Mitsubishi UFJ Trust and Banking’s consolidated CET1 capital ratio fallen below 5.125%, etc. 32 If writedown, full or partial ― ― Full or Partial 33 If writedown, permanent or temporary ― ― Temporary or Permanent 34 If temporary write-own, description of writeup mechanism ― ― Amount agreed with JFSA and other Regulatory authorities 34a Type of subordination ― ― Contractual 35 Position in subordination hierarchy in liquidation (specify instrument type immediately senior to instrument in the insolvency creditor hierarchy of the legal entity concerned) Perpetual subordinated Subordinated Subordinated 36 Non-compliant transitioned features No No No 37 If yes, specify non-compliant features ― ― ― 1
...