Form FWP - Filing under Securities Act Rules 163/433 of free writing prospectuses
05 6월 2024 - 5:04AM
Edgar (US Regulatory)
Filed Pursuant to Rule 433
Registration Statement No. 333-258499
Pricing Term Sheet
June 4,
2024
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Aptiv PLC |
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Aptiv Global Financing Limited |
750,000,000 4.250% Senior Notes due 2036
Pricing Supplement dated June 4, 2024 (this Pricing Term Sheet) to the Preliminary Prospectus Supplement dated June 4, 2024 (the
Preliminary Prospectus Supplement) of Aptiv PLC and Aptiv Global Financing Limited (the Issuers).
This Pricing Term Sheet is
qualified in its entirety by reference to the Preliminary Prospectus Supplement. The information in this Pricing Term Sheet supplements the Preliminary Prospectus Supplement and supersedes the information in the Preliminary Prospectus Supplement to
the extent it is inconsistent with the information in the Preliminary Prospectus Supplement. Capitalized terms used in this Pricing Term Sheet but not defined have the meanings given them in the Preliminary Prospectus Supplement.
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Issuers: |
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Aptiv PLC and Aptiv Global Financing Limited |
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Guarantor: |
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Aptiv Corporation |
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Trade Date: |
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June 4, 2024 |
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Settlement Date: |
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June 11, 2024 (T+5)
We expect that delivery of the notes will be made against payment therefor on or about the fifth business day following the date of pricing of the notes (this
settlement cycle being referred to as T+5). Under Rule 15c6-1 of the Securities and Exchange Act of 1934, as amended (the Exchange Act), trades in the secondary market generally are
required to settle in one business day, unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade the notes prior to the date that is more than one business day preceding the settlement date will be
required, by virtue of the fact that the notes initially will settle T+5, to specify an alternate settlement cycle at the time of any such trade to prevent a failed settlement and should consult their own advisors. |
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Expected Ratings* (Moodys/S&P/Fitch): |
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Baa2 (stable) / BBB (stable) / BBB (stable) |
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Minimum Denominations: |
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100,000 and integral multiples of 1,000 in excess thereof |
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Title of Security: |
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4.250% Senior Notes due 2036 |
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Principal Amount: |
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750,000,000 |
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Maturity: |
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June 11, 2036 |
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Coupon: |
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4.250% |
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Issue Price: |
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99.723% |
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Interest Payment Date: |
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June 11 of each year, commencing on June 11, 2025 |
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Yield to Maturity: |
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4.280% |
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Benchmark Bund: |
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DBR 0.0% due May 15, 2036 |
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Spread to Benchmark Bund: |
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+166.8 basis points |
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Benchmark Bund Price and Yield: |
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73.50; 2.612% |
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Mid-Swap Yield: |
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2.780% |
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Spread to Mid-Swap Yield: |
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+150 basis points |
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Day Count Convention: |
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Actual/Actual (ICMA) |
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Redemption Provisions: |
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Prior to March 11, 2036 (three months prior to the maturity date of the Notes) (the Par Call Date), the Issuers may redeem
the Notes, at their option, in whole or in part, at any time and from time to time, at a redemption price equal to the greater of: (i) 100% of the principal amount of the Notes to be redeemed; and (ii) the sum of the present values of the
remaining scheduled payments of principal and interest thereon that would have been payable on such Notes if the Notes had matured on the Par Call Date (not including any portion of such payments of interest accrued and unpaid to the date of
redemption) discounted to the date of redemption on an annual basis (Actual/Actual ICMA) at the Comparable Government Bond Rate plus 25 basis points; plus, in each case, accrued and unpaid interest on the principal amount of the Notes to be
redeemed to, but not including, the redemption date. The Comparable Government Bond Rate will be calculated on the third Business Day next preceding the date fixed for redemption (the Calculation Date).
On or after the Par Call Date, the Issuers may redeem the Notes, at their option, in
whole or in part, at any time and from time to time, at a redemption price equal to 100% of the principal amount of the Notes to be redeemed plus accrued and unpaid interest thereon to, but not including, the redemption date. |
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Joint Book-Running Managers: |
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J.P. Morgan Securities plc Barclays Bank
PLC BNP Paribas |
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Senior Co-Managers: |
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Citigroup Global Markets Limited Merrill Lynch
International Goldman Sachs & Co. LLC |
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Co-Managers: |
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Société Générale
SMBC Nikko Capital Markets Limited TD Global Finance unlimited
company Truist Securities, Inc. U.S. Bancorp Investments,
Inc. UniCredit Bank GmbH Wells Fargo Securities International
Limited Standard Chartered Bank |
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CUSIP: |
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03837E AA0 |
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ISIN: |
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XS2839195877 |
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Common Code: |
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283919587 |
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Offering Format: |
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SEC Registered |
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Expected Listing: |
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Application will be made to list the Notes on the New York Stock Exchange. |
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Target Market: |
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MiFID II and UK MiFIR professionals/ECPs-only / No PRIIPs or UK PRIIPs KID Manufacturer target market (MiFID II and UK MiFIR product governance) is eligible counterparties and professional clients only (all
distribution channels). No PRIIPs or UK PRIIPs key information document (KID) has been prepared as not available to retail in EEA or UK. |
*Note: A securities rating is not a recommendation to buy, sell or hold securities and may be revised or withdrawn at any time.
The Notes will be represented by beneficial interests in fully registered permanent global notes (the international global notes) without
interest coupons attached, which will be registered in the name of, and shall be deposited on or about June 11, 2024 with a common depositary for, and in respect of interests held through, Euroclear Bank, S.A./N.V., as operator of the Euroclear
System (Euroclear), and Clearstream Banking, société anonyme (Clearstream). Any Notes represented by global notes held by a nominee of Euroclear or Clearstream will be subject to the then applicable procedures
of Euroclear and Clearstream, as applicable. Euroclear and Clearstreams current practice is to make payments in respect of global notes to participants of record that hold an interest in the relevant global notes at the close of business on
the date that is the clearing system business day (for these purposes, Monday to Friday inclusive except December 25th and January 1st) immediately preceding each applicable interest payment date.
This term sheet is not a prospectus for the purposes of Regulation (EU) 2017/1129, including the same as
it forms part of domestic law in the United Kingdom by virtue of the European Union (Withdrawal) Act 2018, as amended by the European Union (Withdrawal Agreement) Act 2020.
The communication of this term sheet and any other document or materials relating to the issue of the Notes is not being made, and such documents or
materials have not been approved, by an authorized person for the purposes of Section 21 of the United Kingdoms Financial Services and Markets Act 2000, as amended (the FSMA). Accordingly, such documents and/or materials are
not being distributed to, and must not be passed on to, the general public in the United Kingdom. This document and such other documents and/or materials are for distribution only to persons who (i) have professional experience in matters
relating to investments and who fall within the definition of investment professionals (as defined in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the Financial Promotion
Order)), (ii) fall within Article 49(2)(a) to (d) of the Financial Promotion Order, (iii) are outside the United Kingdom, or (iv) are other persons to whom it may otherwise lawfully be made under the Financial Promotion Order
(all such persons together being referred to as relevant persons). This document is directed only at relevant persons and must not be acted on or relied on by persons who are not relevant persons. Any investment or investment activity to
which this term sheet and any other document or materials relates will be engaged in only with relevant persons. Any person in the United Kingdom that is not a relevant person should not act or rely on this term sheet or any of its contents.
Relevant stabilization regulations including FCA/ICMA will apply.
The Issuers have filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you
invest, you should read the prospectus in that registration statement and other documents the Issuers have filed with the SEC for more complete information about the Issuers and this offering. You may get these documents for free by visiting EDGAR
on the SEC website at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling or emailing, as applicable, (1) J.P. Morgan
Securities plc at +44.20.7134.2468 (Non-US investors) or J.P. Morgan Securities LLC collect at +1.212.834.4533 (US investors), (2) Barclays Bank PLC at +1.888.603.5847 or (3) BNP Paribas at
+1.800.854.5674.
Any disclaimers or other notices that may appear below are not applicable to this communication and should be disregarded. Such
disclaimers or other notices were automatically generated as a result of this communication being sent via Bloomberg email or another communication system.
Aptiv (NYSE:APTV-A)
과거 데이터 주식 차트
부터 10월(10) 2024 으로 11월(11) 2024
Aptiv (NYSE:APTV-A)
과거 데이터 주식 차트
부터 11월(11) 2023 으로 11월(11) 2024