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MarketScreener Homepage  >  Equities  >  Euronext Paris  >  Thales    HO   FR0000121329

THALES

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Thales : Modalités Finales de l'émission obligataire 2026 - 24 Novembre 2020 (Copie conforme) - Uniquement en anglais

11/25/2020 | 12:17pm EST

CONFORMED COPY

PROHIBITION OF SALES TO EEA AND UK RETAIL INVESTORS - The Notes are not intended to be offered, 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") or the United Kingdom ("UK"). 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 ("MiFID II"); or (ii) a customer within the meaning of Directive 2016/97/EU on insurance distribution, as amended or superseded, where that customer would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II or (iii) not a qualified investor as defined in the Prospectus Regulation. Consequently, no key 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 or the UK has been prepared and therefore offering or selling the Notes or otherwise making them available to any retail investor in the EEA or the UK may be unlawful under the PRIIPS Regulation.

MIFID II PRODUCT GOVERNANCE / PROFESSIONAL INVESTORS AND ECPS ONLY TARGET MARKET - Solely for the purposes of each manufacturer's product approval process, the target market assessment in respect of the Notes taking into account the five categories referred to in item 18 of the Guidelines on MiFID II product governance requirements published by ESMA dated 5 February 2018, has led to the conclusion that: (i) the target market for the Notes is eligible counterparties and professional clients only, each as defined in Directive 2014/65/EU (as amended, "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 the manufacturers' target market assessment; however, a distributor subject to MiFID II is responsible for undertaking its own target market assessment in respect of the Notes (by either adopting or refining the manufacturers' target market assessment) and determining appropriate distribution channels.

Final Terms dated 24 November 2020

Thales

Issue of Euro 500,000,000 0.00 per cent. Notes due 26 March 2026 (the "Notes")

under the Euro 5,000,000,000 Euro Medium Term Note Programme

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 5 August 2020 which received approval no. 20-382 from the Autorité des marchés financiers (the "AMF") on 5 August 2020 and the supplement to the Base Prospectus dated 18 November 2020 which received approval no.20-558 from the AMF on 18 November 2020 which together constitute a base prospectus for the purposes of Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 (as may be amended from time to time, the "Prospectus Regulation"). This document constitutes the Final Terms of the Notes described herein for the purposes of Article 8 of the Prospectus Regulation 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. The Base Prospectus, the supplement to the Base Prospectus and the Final Terms are available for viewing on the website of the Autorité des marchés financiers (www.amf-france.org) and copies may be obtained from the Issuer.

1.

Issuer

Thales

2.

(i)

Series Number:

17

(ii)

Tranche Number:

1

(iii)

Date on which the Notes become

Not Applicable

fungible:

3.

Specified Currency:

Euro

4. Aggregate Nominal Amount of Notes:

(i)

Series:

Euro 500,000,000

1

(ii)

Tranche:

Euro 500,000,000

5.

Issue Price:

99.872 per cent of the Aggregate Nominal Amount

6.

Specified Denominations:

Euro 100,000

7.

(i)

Issue Date:

26 November 2020

(ii)

Interest Commencement Date:

Issue Date

8.

Maturity Date:

26 March 2026

9.

Interest Basis:

0.00% Fixed Rate (further particulars specified

below)

10.

Redemption/Payment Basis:

Redemption at par

11.

Change of Interest or Redemption/Payment

Not Applicable

Basis:

12.

Put/Call Options:

Issuer Call

Make-Whole Redemption by the Issuer

Clean-up Call Option

(further particulars specified below)

  1. Date Board approval for issuance of Notes obtained:
  2. Method of distribution:

PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE

24 March 2020 and decision of Pascal Bouchiat, Directeur Général, Finances et Systèmes d'Information of Thales, dated 19 November 2020.

Syndicated

15.

Fixed Rate Note Provisions

Applicable

(i)

Rate of Interest:

0.00 per cent. per annum payable in arrear on each

Interest Payment Date.

(ii)

Interest Payment Dates:

26 March in each year starting 26 March 2022

(iii)

Fixed Coupon Amount:

Euro 0.00 per Specified Denomination

(iv)

Broken Amount(s):

Long first coupon from and including the Interest

Commencement Date to but excluding 26 March

2022 amounting to Euro 0.00 per Specified

Denomination and payable on the Interest Payment

Date falling on 26 March 2022

(v)

Day Count Fraction:

Actual/Actual (ICMA)

(vi)

Interest Determination Dates:

26 March in each year

16.

Floating Rate Note Provisions

Not Applicable

17.

Fixed/Floating Rate Note Provisions

Not Applicable

2

18. Zero Coupon Note Provisions

Not Applicable

PROVISIONS RELATING TO REDEMPTION

19.

Call Option

Applicable

(i)

Optional Redemption Date(s):

Each Business Day from and including 26 December

2025 up to but excluding the Maturity Date

(ii)

Optional Redemption Amount(s) of

Euro 100,000 per Specified Denomination

each Note and method, if any, of

calculation of such amount(s):

(iii)

Notice period:

As per Conditions

20.

Put Option

Not Applicable

21.

Make-whole Redemption

Applicable

(i)

Parties to be notified by Issuer of

Not Applicable

Make-whole Redemption Date and

Make-whole Redemption Amount

(if other than set out in Condition

10(f)):

(ii)

Make-whole Redemption Margin:

0.15 per cent.

(iii)

Discounting basis for purposes of

Annual

calculating sum of the present

values of the remaining scheduled

payments of principal and interest

on Redeemed Notes in the

determination of the Make-whole

Redemption Amount:

(iv)

Reference Security:

DBR 0.500% Feb26 @ 106.71 (ISIN

DE0001102390)

(v)

Reference Dealers:

BNP PARIBAS

Crédit Agricole Investment Bank

Deutsche Bank Aktiengesellschaft

HSBC France

22.

Acquisition Event Call Option

Not Applicable

23.

Clean-up Call Option

Applicable

  1. Final Redemption Amount of each Note Euro 100,000 per Note of Specified Denomination
  2. Early Redemption Amount (taxation reasons)

Early Redemption Amount(s) of each Note

As set out in the Conditions

payable on redemption for taxation reasons

on an event of default or other early

redemption and/or the method of calculating

the same (if required or if different from that

3

set out in the Conditions):

GENERAL

PROVISIONS APPLICABLE TO

THE NOTES

26.

Form of Notes:

Dematerialised Notes

(i) Form of Dematerialised Notes:

Bearer dematerialised form (au porteur)

(ii) Registration Agent:

Not Applicable

(iii) Temporary Global Certificate:

Not Applicable

(iv) Applicable TEFRA exemption:

Not Applicable

27.

Additional Financial Centre(s) or other

Not Applicable

special provisions relating to Payment

Business Days:

28.

Talons for future Coupons to be attached to

No

Definitive Notes (and dates on which such

Talons mature):

29.

Redenomination, renominalisation and

Not Applicable

reconventioning provisions:

30.

Representation of holder of Notes/Masse

Name and address of the Representative:

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 Representative will be entitled to a remuneration

of €400 (VAT excluded) per year, payable on each

Interest Payment Date with the first payment at the

Issue date. The Representative will exercise its duty

until its dissolution, resignation or termination of its

duty by a general assembly of Noteholders or until it

becomes unable to act. Its appointment shall

automatically cease on the Maturity Date, or total

redemption prior to the Maturity Date.

DISTRIBUTION

31.

(i)

If syndicated, names of Managers:

Active Bookrunners:

BNP PARIBAS

Crédit Agricole Corporate and Investment Bank

Deutsche Bank Aktiengesellschaft

HSBC France

Passive Bookrunners:

Banco Santander, S. A.

4

Pour lire la suite de ce noodl, vous pouvez consulter la version originale ici.

Disclaimer

THALES SA published this content on 25 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 November 2020 17:16:07 UTC


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NameTitle
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Pascal Bouchiat CFO, Senior EVP-Finance & Information Systems
Philippe Keryer Executive VP-Strategy, Research & Technology
Charles Edelstenne Director
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