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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