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Schneider Electric SE — Capital/Financing Update 2015
Mar 10, 2015
1651_10-k_2015-03-10_0cc435f0-b0ba-4714-b48e-f5f55b503dc8.pdf
Capital/Financing Update
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Final Terms dated 9 March 2015
SCHNEIDER ELECTRIC SE
Issue of Euro under the Euro 7,500,000,000 Euro Medium Term Note Programme due 750,000,000 0.875 per cent. Notes due March 2025 from 7 days from the date of original issue 2025
Series no. 19
Tranche no. 1
BARCLAYS BNP PARIBAS DEUTSCHE BANK J.P. MORGAN MUFG NATIXIS
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 15 July 2014 which received visa n°14-403 from the Autorité des marchés financiers (the "AMF") on 15 July 2014 and the supplements to the Base Prospectus dated 23 September 2014 which received visa n°14-514 from the AMF on 23 September 2014 and 20 February 2015 which received visa n°15-057 from the AMF on 20 February 2015 (the "Supplements") which together constitute a Base Prospectus for the purposes of the Directive 2003/71/EC, as amended (the "Prospectus Directive").
This document constitutes the Final Terms of the Notes described herein for the purposes of Article 5.4 of the Prospectus Directive and must be read in conjunction with such Base Prospectus as so supplemented. Full information on the Issuer and the offer of the Notes is only available on the basis of the combination of these Final Terms and the Base Prospectus as so supplemented. The Base Prospectus and the Supplements are available for viewing at the office of the Fiscal Agent or each of the paying agents and on the website of the Issuer (www.schneider-electric.com), and on the website of the AMF (www.amf-france.org) and copies may be obtained from Schneider Electric SE, 35, rue Joseph Monier - 92500 Rueil-Malmaison, France.
| 1 | Issuer: | Schneider Electric SE | |||
|---|---|---|---|---|---|
| 2 | (i) Series Number: |
19 | |||
| (ii) Tranche Number: |
1 | ||||
| (iii) Date on which the Notes become fungible: |
Not Applicable | ||||
| 3 | Specified Currency or Currencies: | Euro ("EUR") | |||
| 4 | Aggregate Nominal Amount of Notes admitted to trading: |
||||
| (i) Series: |
EUR 750,000,000 | ||||
| (ii) Tranche: |
EUR 750,000,000 | ||||
| 5 | Issue Price: | 98.825 per cent. of the Aggregate Nominal Amount | |||
| 6 | Specified Denominations: | EUR 100,000 | |||
| 7 | (i) Issue Date: |
11 March 2015 | |||
| (ii) Interest Commencement Date: |
11 March 2015 | ||||
| 8 | Maturity Date: | 11 March 2025 | |||
| 9 | Interest Basis: | 0.875 per cent. Fixed Rate (Further particulars specified below) |
|||
| 10 | Redemption Basis: | Subject to any purchase and cancellation or early redemption, the Notes will be redeemed on the Maturity Date at 100 per cent. of their nominal amount. |
|||
| 11 | Change of Interest Basis: | Not Applicable |
| 12 | Put/Call Options: | Change of Control Put | |
|---|---|---|---|
| Make-Whole Redemption by the Issuer | |||
| Residual Maturity Call Option | |||
| (Further particulars specified below) | |||
| 13 | (i) | Status of the Notes: | Senior |
| (ii) | Date of the corporate authorisations for issuance of Notes obtained: |
Decision of the Board of Directors (Conseil d'administration) of the Issuer dated 10 and 11 June 2014 and decision of Mr. Emmanuel Babeau, Directeur Général Délégué of the Issuer dated 4 March 2015 |
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
| 14 | Fixed Rate Note Provisions | Applicable | ||
|---|---|---|---|---|
| (i) Rate of Interest: |
0.875 per cent. per annum payable annually in arrear on each Interest Payment Date |
|||
| (ii) Interest Payment Date(s): |
11 March in each year commencing on 11 March 2016 | |||
| (iii) Fixed Coupon Amount(s): |
EUR 875 per EUR 100,000 in nominal amount | |||
| (iv) Broken Amount(s): |
Not Applicable | |||
| (v) Day Count Fraction: |
Actual/Actual (ICMA) | |||
| (vi) Determination Dates: |
11 March in each year | |||
| (vii) Party responsible for calculating Interest Amounts (if not the Calculation Agent): |
Not Applicable | |||
| 15 | Floating Rate Note Provisions | Not Applicable | ||
| 16 | Zero Coupon Note Provisions | Not Applicable | ||
| PROVISIONS RELATING TO REDEMPTION | ||||
| 17 | Make-Whole Redemption by the Issuer (Condition 6(d)) |
Applicable | ||
| (i) Notice period: |
As per Condition 6(d) | |||
| (ii) Reference Security: |
The 0.50 per cent. Bundesobligationen of the Bundesrepublik Deutschland due February 2025 with ISIN DE0001102374 |
|||
| (iii) Reference Dealers: |
As per Condition 6(d) | |||
| (iv) Similar Security: |
Reference bond or reference bonds issued by the German Federal Government having an actual or interpolated maturity comparable with the remaining term of the Notes that would be utilised, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the remaining term of the Notes |
| (v) Party, if any, responsible for calculating the principal and/or interest due (if not the Calculation Agent): |
Not Applicable | |
|---|---|---|
| (vi) Redemption Margin: |
0.10 per cent. per annum | |
| 18 | Call Option | Not Applicable |
| 19 | Put Option | Not Applicable |
| 20 | Residual Maturity Call Option | Applicable, as from 11 December 2024 |
| 21 | Change of Control Put Option | Applicable |
| 22 | Final Redemption Amount of each Note |
EUR 100,000 per Note of EUR 100,000 Specified Denomination |
| 23 | Early Redemption Amount | |
| (i) Early Redemption Amount(s) of each Note payable on redemption for taxation reasons or on event of default or other early redemption and/or the method of calculating the same (if required or if different from that set out in the Conditions): |
Not Applicable | |
| (ii) Redemption for taxation reasons permitted on days other than Interest Payment Dates : |
Yes | |
| (iii) Unmatured Coupons to become void upon early redemption (Bearer Notes only): |
Not Applicable | |
| GENERAL PROVISIONS APPLICABLE TO THE NOTES | ||
| 24 | Form of Notes: | Dematerialised Notes |
| (i) Form of Dematerialised Notes: |
Bearer dematerialised form (au porteur) only | |
| (ii) Registration Agent: |
Not Applicable | |
| (iii) Temporary Global Certificate: |
Not Applicable | |
| (iv) Applicable TEFRA exemption: |
Not Applicable | |
| 25 | Exclusion of the possibility to request identification of the Noteholders as provided by |
Condition 1(a)(i): Not Applicable
| 26 | Financial Centre(s) or other special provisions relating to Payment Dates: |
TARGET |
|---|---|---|
| 27 | Talons for future Coupons to be attached to Definitive Notes (and dates on which such Talons mature): |
No |
| 28 | Possibility of resale of purchased Notes: |
Yes |
| 29 | Redenomination, renominalisation and reconventioning provisions: |
Not Applicable |
| 30 | Consolidation provisions: | Not Applicable |
| 31 | Masse: | Contractual Masse shall apply The initial Representative will be: MASSQUOTE S.A.S.U. RCS 529 065 880 Nanterre 7bis rue de Neuilly F-92110 Clichy Mailing address : 33, rue Anna Jacquin 92100 Boulogne Billancourt France Represented by its Chairman |
| The alternate Representative will be: Gilbert Labachotte 8 Boulevard Jourdan 75014 Paris The acting representative will be entitled to a remuneration of EUR 450 (VAT excluded) per year payable on each Interest Payment Date (except the last Interest Payment Date falling on the Maturity Date) with the first payment at the Issue Date. |
LISTING AND ADMISSION TO TRADING APPLICATION
These Final Terms comprise the final terms required to list and have admitted to trading the issue of Notes described herein pursuant to the Euro 7,500,000,000 Euro Medium Term Note Programme of Schneider Electric SE.
RESPONSIBILITY
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 ADMISSION TO TRADING
| (i) | Listing | and | admission | to | Application has been made for the Notes to be listed and | ||||
|---|---|---|---|---|---|---|---|---|---|
| trading: | admitted to trading on Euronext Paris with effect from | ||||||||
| 11 March 2015. |
(i) Estimate of total expenses related to admission to trading: EUR 13,000
2 RATINGS
Ratings: The Notes to be issued are expected to be rated:
S&P : A-
Moody's : A3
Each of S&P and Moody's is established in the European Union and is registered under Regulation (EC) No 1060/2009 on credit ratings agencies (the "CRA Regulation"), as amended by Regulation (EU) No 513/2011.
3 INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE
Save as discussed in "Subscription and Sale", so far as the Issuer is aware, no person involved in the offer of the Notes has an interest material to the offer.
4 REASONS FOR THE OFFER, ESTIMATED NET PROCEEDS AND TOTAL EXPENSES
| (i) | Reasons for the offer: | The net proceeds of the issue of the Notes will be used for the Issuer's general corporate purposes |
|---|---|---|
| (ii) | Estimated net proceeds: | EUR 738,547,200 |
5 FIXED RATE NOTES ONLY – YIELD
| Indication of yield: | 0.999 per cent. per annum |
|---|---|
| The yield is calculated at the Issue Date on the basis of the | |
| Issue Price. It is not an indication of future yield. |
6 DISTRIBUTION
| (i) | Method of distribution | Syndicated |
|---|---|---|
| (ii) | If syndicated, names of |
Barclays Bank PLC |
| Managers: | BNP Paribas | |
| Deutsche Bank AG, London Branch | ||
| J.P. Morgan Securities plc | ||
| Mitsubishi UFJ Securities International plc | ||
| Natixis | ||
| (ii) | Date of Subscription |
|
| Agreement: | 9 March 2015 | |
| (iii) | Stabilising Manager(s) (if |
|
| any): | BNP Paribas |
| (iv) | If non-syndicated, name and address of Dealer: |
Not Applicable | |
|---|---|---|---|
| (v) | Total commission and concession: |
0.35 per cent. of the Aggregate Nominal Amount | |
| (vi) | The aggregate principal amount of Notes issued has been translated into [Euro] at the rate of [●], producing a sum of (for Notes not |
||
| denominated in Euro): | Not Applicable | ||
| (vii) Non-exempt offer: | Not Applicable | ||
| 7 | OPERATIONAL INFORMATION | ||
| ISIN: | FR0012601367 | ||
| Common Code: | 120098071 | ||
| Any clearing system(s) other than Euroclear Bank S.A./N.V. and Clearstream Banking, societé anonyme and the relevant |
|||
| identification number(s): | Not Applicable | ||
| Delivery: | Delivery against payment | ||
| Names and addresses of additional | |||
| Paying Agent(s) (if any): | Not Applicable |