EMTN Programme Offering Circular 2017

ELECTRONIC VERSIONS OF THE MATERIALS YOU ARE SEEKING TO ACCESS (THESE “MATERIALS”) ARE BEING MADE AVAILABLE ON THIS WEBSITE BY SWISS RE LTD (“SWISS RE”) IN GOOD FAITH AND ARE FOR INFORMATION PURPOSES ONLY.

THESE MATERIALS ARE NOT DIRECTED AT OR ACCESSIBLE BY PERSONS IN THE UNITED STATES OR PERSONS RESIDENT OR LOCATED IN AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE THE EXTENSION OF AVAILABILITY OF, OR OTHER DEEMED ACCESS TO, THESE MATERIALS WOULD BREACH ANY APPLICABLE LAW OR REGULATION.

Access to and use of this website is conditional upon agreement to and compliance with the terms and conditions of access (the “Terms and Conditions”).  By accessing these Materials, you acknowledge the Terms and Conditions and agree not to undertake any act or omission that would constitute a breach of these Terms and Conditions. Furthermore, the terms of use as set forth in the following link form an integral part of the Terms and Conditions (http://www.swissre.com/legal_notice.html).

These Materials do not constitute or form a part of any offer or solicitation to underwrite or purchase securities in the United States, Australia, Canada, Japan, South Africa or in any other jurisdiction.  Any securities issued by Swiss Re or any of its directly or indirectly held subsidiaries (“Securities”) have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or under any applicable securities laws of any state or other jurisdiction of the United States, and may not be offered, sold, resold or delivered in or into the United States absent registration under the Securities Act or an available exemption from registration. No public offering of Securities will be made in the United States. In addition, unless an exemption under relevant securities laws is applicable, any such Securities may not be offered, sold, resold or delivered in or into Australia, Canada, Japan, South Africa or any other jurisdiction if to do so would constitute a violation of the relevant laws of, or require registration (or other action to be taken that is not intended to be taken in respect) of such Securities in, the relevant jurisdiction.  Any offering of Securities, when made, will be made solely by delivery of a prospectus, prospectus supplement, offering circular, offering circular supplement, offering memorandum or other offering document as part of a syndication process, and not by means of this website.

These Materials are only addressed to and directed at persons in member states of the European Economic Area who are "qualified investors" within the meaning of Article 2(1)(e) of the Prospectus Directive (DIRECTIVE 2010/73/EU OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 24 November 2010 amending Directives 2003/71/EC on the prospectus to be published when securities are offered to the public or admitted to trading and 2004/109/EC on the harmonisation of transparency requirements in relation to information about issuers whose securities are admitted to trading on a regulated market) ("Qualified Investors"). In addition, in the United Kingdom, these Materials are being distributed only to, and is directed only at, Qualified Investors who are persons who have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or who are high net worth entities falling within Article 49 of the Order, and other persons to whom it may otherwise lawfully be communicated (all such persons together being referred to as "relevant persons"). Any investment or investment activity to which these Materials relate is available only to relevant persons in the United Kingdom and Qualified Investors in any member state of the European Economic Area other than the United Kingdom, and will only be engaged with such persons and persons in the United Kingdom who are not relevant persons should not rely on it.

If you are not permitted to view these Materials or are in any doubt as to whether you are permitted to view these Materials, please exit this webpage. These Materials must not be released, copied or otherwise forwarded, distributed or sent in or into the United States, Australia, Canada, Japan, South Africa or any jurisdiction in which such offers or sales are unlawful. Persons receiving such documents (including custodians, nominees and trustees) must not distribute or send them in, into or from the United States, Australia, Canada, Japan, or South Africa.

Swiss Re undertakes no duty to update or correct these Materials.  Neither Swiss Re nor any of its directly or indirectly held subsidiaries nor any other party has any duty to maintain or update any Materials. Past performance is no indication of future performance. Swiss Re may remove or make changes to these Materials at any time.

This website does not purport to provide any financial, investment, tax, accounting or legal advice or recommendation.

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I represent and warrant that I am not resident or otherwise located in the United States and am not resident or otherwise located in Australia, Canada, Japan, South Africa or any other jurisdiction where accessing these Materials is unlawful, and I agree that I will not transmit or otherwise send any Materials to any person in the United States, Australia, Canada, Japan, South Africa or any other jurisdiction where to do so would breach applicable local law or regulation.

I confirm that if I am in the EEA I am a Qualified Investor and that if I am in the United Kingdom, I am a relevant person, in each case as defined above.  I agree that I have not made and will not make any offer of Securities other than in accordance with applicable law and regulation and I will not engage in any activities related to the website that are contrary to applicable law or regulation, or these Terms and Conditions.  I will use the website solely for my own use in accordance with the Terms and Conditions. I acknowledge and agree to the Terms and Conditions and agree not to undertake any act or omission that would constitute a breach of these Terms and Conditions.

I have read and understood the Terms and Conditions set out above. I understand that it may affect my rights and I agree to be bound by the Terms and Conditions.  I confirm that I am permitted to proceed to electronic versions of the Materials.  I understand that any acknowledgment, agreement or other type of click through button on the website that is selected to evidence agreement or an acknowledgement shall have the same force and validity as a paper copy of an agreement that has been manually signed and delivered.