PROHIBITION OF SALES TO EEA RETAIL INVESTORS: The Notes are not intended to beoffered, sold or otherwise made available to, and should not be offered, sold or otherwise made available to, any
retail investor in the European Economic Area ("EEA"). For these purposes, a retail investor means a person
who is one (or more) of: (i) a retail client as defined in point (11) of Article 4(1) of Directive 2014/65/EU (asamended, "MiFID II"); or (ii) a customer within the meaning of Directive (EU) 2016/97, where that customer
would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II. Consequently nokey information document required by Regulation (EU) No 1286/2014 (as amended, the "PRIIPs Regulation")for offering or selling the Notes or otherwise making them available to retail investors in the EEA has been
prepared and therefore offering or selling the Notes or otherwise making them available to any retail investor inthe EEA may be unlawful under the PRIIPs Regulation.
MIFID II PRODUCT GOVERNANCE / PROFESSIONAL INVESTORS AND ECPS ONLYTARGET MARKET: Solely for the purposes of each manufacturer's product approval process, the target
market assessment in respect of the Notes has led to the conclusion that: (i) the target market for the Notes iseligible counterparties and professional clients only, each as defined in MiFID II; and (ii) all channels for
distribution of the Notes to eligible counterparties and professional clients are appropriate. Any person
subsequently offering, selling or recommending the Notes (a "distributor") should take into consideration themanufacturers' target market assessment; however, a distributor subject to MiFID II is responsible forundertaking its own target market assessment in respect of the Notes (by either adopting or refining themanufacturers' target market assessment) and determining appropriate distribution channels.
Final Terms dated 1 November 2019
Mitsubishi UFJ Financial Group, Inc.
Issue of Hong Kong dollars (“HKD”) 232,000,000 Fixed Rate Notes due 5 November 2019
under theMitsubishi UFJ Financial Group, Inc.
andMUFG Bank, Ltd.
U.S.$50,000,000,000 Medium Term Note Programme
PART A – CONTRACTUAL TERMS
Any person making or intending to make an offer of the Notes may only do so in circumstances inwhich no obligation arises for the Issuer or any Dealer to publish a prospectus pursuant to Article 3 of theProspectus Regulation (EU) 2017/1129 (the "Prospectus Regulation") or supplement a prospectus pursuant toArticle 23 of the Prospectus Regulation, in each case, in relation to such offer.
Terms used herein shall be deemed to be defined as such for the purposes of the Conditions set forth in
the Base Prospectus dated 9 August 2019 (together, the "Base Prospectus"). This document constitutes theFinal Terms of the Notes described herein and must be read in conjunction with the Base Prospectus. In order to
get the full information on the Issuer and the offer of the Notes, both the Base Prospectus and these Final Terms
must be read in conjunction. The Base Prospectus has been published on www.bourse.lu andis available forviewing during normal business hours at the specified office of the Principal Paying Agent.

1.

Issuer:Mitsubishi UFJ Financial Group, Inc.

2.

(i)

Series Number:

20(ii)

Tranche Number:

1

3.

Specified Currency or Currencies:

4.

Aggregate Nominal Amount:(i)Series:Hong Kong dollars (“HKD”)

HKD232,000,000

(ii)Tranche:HKD232,000,000

5.

Issue Price:

100.00 per cent. of the Aggregate Nominal Amount

6.

(i)

Specified Denominations:

HKD1,000,000(ii)Calculation Amount:

HKD1,000,000(i)Issue Date:

5 November 2019

(ii)

Interest Commencement Date:

Issue Date

7.

8.

Maturity Date:

5 November 2029

9.

Interest Basis:2.73 per cent. Fixed Rate

10.

Redemption/Payment Basis:

Redemption at par11.

Call/Put Option:

Not Applicable

12.

Status of the Notes:

Unsubordinated13.

Date on which Board approval for Not Applicableissuance of Notes obtained:

PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
14.

Fixed Rate Note Provisions:Applicable(i)Rate of Interest:

2.73 per cent. per annum payable annually in arrear oneach Interest Payment Date

(ii)

Interest Payment Dates:

5 November in each year commencing 5 November 2020
to an including the Maturity Date, each adjusted inaccordance with the Modified Following Business Day
Convention(iii)

Fixed Coupon Amount:

The Fixed Coupon Amount for each Interest Payment Dateshall be determined in accordance with Condition 5(d)(iv)

Broken Amount(s):Not Applicable(v)

Day Count Fraction:

Actual/365 (Fixed)
Not Applicable

15.

Floating Rate Note Provisions:16.

CMS Rate Note Provisions (the Bank Not Applicableonly):

17.

Zero Coupon Note Provisions (the Bank Not Applicableonly):

18.

Dual Currency Note Provisions (the Not Applicable
Bank only):

PROVISIONS RELATING TO REDEMPTION
19.

Call Option:

Not Applicable20.

Put Option (the Bank only):

Not Applicable

21.

Final Redemption Amount of each HKD1,000,000 per Calculation Amount
Note:

22.

Early Redemption Amount (Tax)23.

EarlyRedemption(Regulatory)

24.

Early Termination Amount

HKD1,000,000 per Calculation AmountAmount HKD1,000,000 per Calculation Amount
HKD1,000,000 per Calculation Amount

GENERAL PROVISIONS APPLICABLE TO THE NOTES
25.

Form of Notes:

Bearer Notes:
Temporary Global Note exchangeable for a Permanent
Global Note which is exchangeable for Definitive Notes inthe limited circumstances specified in the Permanent
Global Note

26.

New Global Note:

Yes

27.

Additional Financial Centre(s):Hong Kong, New York, London and Tokyo

28.

Talons for future Coupons to be No
attached to Definitive Notes (and dates
on which such Talons mature):

29.

Details relating to Partly Paid Notes Not Applicable(the Bank only):
Amount of each payment comprising theIssue Price and date on which eachpayment is to be made and consequences(if any) of failure to pay, including any
right of the Issuer to forfeit the Notes andinterest due on late payment:

30.

Details relating to Instalment Notes (the Not Applicable
Bank only):
Amount of each instalment, date on which
each payment is to be made:31.

Other terms or special conditions:

Not ApplicableRESPONSIBILITY
The Issuer accepts responsibility for the information contained in these Final Terms.
Signed on behalf of the Issuer:
By:

Duly authorised

PART B – OTHER INFORMATION
1.

LISTING AND
TRADING

2.

RATINGSADMISSION

TORatings:

Not Applicable

The Notes to be issued are expected to be rated:
Moody's: A1

3.

INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE/OFFER
Save for any fees payable to the Dealer, so far as the Issuer is aware, no person involved in the offer ofthe Notes has an interest material to the offer. The Dealer and their affiliates have engaged, and may inthe future engage, in investment banking and/or commercial banking transactions with, and may
perform other services for, the Issuer and its affiliates in the ordinary course of business.

4.

5.

REASONS FOR THE OFFER AND ESTIMATED EXPENSES(i)

Reasons for the offer:

As set out in the Base Prospectus(ii)

Estimated total expenses:

Not Applicable(iii)

Estimated net proceeds:

HKD232,000,000

YIELD
Indication of yield:

2.73 per cent. per annum
The yield is calculated at the Issue Date on the basis of theIssue Price. It is not an indication of future yield.

6.

OPERATIONAL INFORMATION(i)

Securities identification codes:-ISIN Code:XS2076100465-Common Code:207610046(ii)

Any clearing system(s) otherthan Euroclear Bank S.A./N.V.
and Clearstream Banking S.A.,
and the relevant identification
number(s):Not Applicable(iii)

Delivery:

Delivery against payment

(iv)

Names
andaddresses
ofadditional Paying Agent(s) ordepository agents (includingRegistrar) (if any):

Not Applicable

(v)Intended to be held in a manner
which would allow Eurosystemeligibility:

No. Whilst the designation is specified as “no” at thedate of these Final Terms, should the Eurosystemeligibility criteria be amended in the future such that theNotes are capable of meeting them, the Notes may thenbe deposited with one of the ICSDs as common
safekeeper. Note that this does not necessarily meanthat the Notes will then be recognised as eligible
collateral for Eurosystem monetary policy and intra day
credit operations by the Eurosystem at any time during
their life. Such recognition will depend upon the ECB
being satisfied that Eurosystem eligibility criteria havebeen met

DISTRIBUTION

8.

(i)

Method of distribution:

Non-syndicated(ii)

If syndicated:

Not Applicable(iii)

If non-syndicated, name of Dealer:

MUFG Securities EMEA plc

(iv)

U.S.
Selling
Restrictions(Categories of potential investors
to which the Notes are offered):Reg. S Compliance Category 2; TEFRA D(v)

Additional selling restrictions:

Not Applicable(vi)Prohibition of Sales to EEA Retail
Investors:

Applicable

TAX REDEMPTION(i)

Agreement Date:

29 October 2019