PROHIBITION OF SALES TO EEA 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"). 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 (as amended, "MiFID II"); (ii) a customer within the meaning of Directive (EU) 2016/97, as amended, 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 Regulation (EU) 2017/1129, as amended (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 has been prepared and therefore offering or selling the Notes or otherwise making them available to any retail investor in the EEA may be unlawful under the PRIIPs Regulation.
PROHIBITION OF SALES TO 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 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 (8) of Article 2 of Regulation (EU) No 2017/565 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("EUWA"); or (ii) a customer within the meaning of the provisions of the Financial Services and Markets Act 2000, as amended (the "FSMA") and any rules or regulations made under the FSMA to implement Directive (EU) 2016/97, where that customer would not qualify as a professional client, as defined in point (8) of Article 2(1) of Regulation (EU) No 600/2014 as it forms part of UK domestic law by virtue of the EUWA; or (iii) not a qualified investor as defined in Article 2 of Regulation (EU) 2017/1129 as it forms part of UK domestic law by virtue of the EUWA. Consequently, no key information document required by Regulation (EU) No 1286/2014 as it forms part of UK domestic law by virtue of the EUWA (the "UK PRIIPs Regulation") for offering or selling the Notes or otherwise making them available to retail investors in the UK has been prepared and therefore offering or selling the Notes or otherwise making them available to any retail investor in the UK may be unlawful under the UK PRIIPs Regulation.
MiFID II product governance / Professional investors and eligible counterparties only target market - Solely for the purposes of the manufacturers' 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 published by ESMA on 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 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 19 January 2023
Arkema
Legal Entity Identifier (LEI): 9695000EHMS84KKP2785
Euro 5,000,000,000
Euro Medium Term Note Programme
for the issue of Notes
SERIES NO.: 6
TRANCHE NO.: 1
Euro 400,000,000 3.500 per cent. Notes due 23 January 2031 (the "Notes")
issued by Arkema (the "Issuer")
Joint Lead Managers
CIC MARKET SOLUTIONS
CITIGROUP
CRÉDIT AGRICOLE CIB
SOCIÉTÉ GÉNÉRALE CORPORATE AND INVESTMENT BANKING
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 6 May 2022 which has received approval no. 22-136 from the Autorité des marchés financiers (the "AMF") on 6 May 2022 and the first supplement to it dated 26 August 2022 which has received approval no. 22-358 from the AMF on 26 August 2022 which together constitute a base prospectus (the "Base Prospectus") for the purposes of the Prospectus Regulation. This document constitutes the Final Terms of the Notes described herein for the purposes of the Prospectus Regulation and must be read in conjunction with the Base Prospectus as so supplemented in order to obtain full information on the Issuer and the offer of the Notes. The Base Prospectus and the supplement are available for viewing on the website of the AMF (www.amf-france.org)and of Arkema (www.arkema.com) and printed copies may be obtained from Arkema at 420, rue d'Estienne d'Orves, 92700 Colombes, France.
- Issuer:
- (i) Series Number:
- Tranche Number:
- Date on which the Notes become fungible:
- Specified Currency:
- Aggregate Nominal Amount:
- Series:
- Tranche:
- Issue Price:
- Specified Denomination:
- (i) Issue Date:
- Interest Commencement Date:
- Maturity Date:
- Interest Basis:
- Redemption Basis:
- Change of Interest Basis:
- Put/Call Options:
- (i) Status of the Notes:
Arkema 6 1
Not Applicable
Euro ("EUR")
EUR 400,000,000
EUR 400,000,000
98.616 per cent. of the Aggregate Nominal Amount EUR 100,000
23 January 2023
23 January 2023
23 January 2031
3.500 per cent. Fixed Rate
(further particulars specified below)
Subject to any purchase and cancellation or early redemption, the Notes will be redeemed on the Maturity Date at 100.00 per cent. of their nominal amount.
Not Applicable Residual Call Option
Make-Whole Redemption by the Issuer Clean-Up Call Option
Change of Control Put Option (further particulars specified below)
Senior
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(ii) Dates of Board approval and decision | Decision | of the Conseil d'administration of Arkema |
for issuance of Notes obtained: | dated 23 | February 2022 and decision of Mr. Thomas |
Lestavel, Directeur Financement et Trésorerie of the | ||
Issuer dated 16 January 2023 |
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
14 | Fixed Rate Note Provisions | Applicable | |
(i) | Rate of Interest: | 3.500 per cent. per annum payable annually in arrears on | |
each Interest Payment Date | |||
(ii) | Interest Payment Dates: | 23 January in each year commencing on 23 January 2024 | |
and ending on the Maturity Date | |||
(iii) | Fixed Coupon Amount: | EUR 3,500 per Note of EUR 100,000 Specified | |
Denomination | |||
(iv) | Broken Amount: | Not Applicable | |
(v) | Day Count Fraction: | Actual/Actual-ICMA | |
(vi) | Determination Dates: | 23 January in each year | |
(vii) Interest Rate Adjustment: | Not Applicable | ||
(viii) Margin Adjustment: | Not Applicable | ||
15 | Floating Rate Note Provisions | Not Applicable | |
16 | Zero Coupon Note Provisions | Not Applicable | |
17 | Inflation Linked Notes - Provisions | Not Applicable | |
relating to CPI or HICP Linked Interest |
PROVISIONS RELATING TO REDEMPTION
- Call Option
- Make-WholeRedemption by the Issuer
- Notice period:
- Reference Security:
Not Applicable
Applicable
As per Condition 6(d)
The 0.00 per cent. Bundesobligationen of the Bundesrepublik Deutschland due 15 August 2030 with ISIN DE0001102507
(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 |
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(v) | Party, if any, responsible for | ||
calculating the principal | and/or | ||
interest due (if not the Calculation | |||
Agent): | Not Applicable | ||
(vi) | Redemption Margin: | 0.25 per cent. per annum | |
20 | Clean-Up Call Option | Applicable |
- Clean-UpRedemption Amount: EUR 100,000 per Note of EUR 100,000 Specified Denomination
21 | Put Option | Not Applicable | |
22 | Residual Call Option | Applicable | |
(i) | Call Option Date (Condition 6(c)): | 23 October 2030 | |
(ii) | Notice period: | As per Condition 6(c) | |
23 | Change of Control Put Option | Applicable |
24 Final Redemption Amount of each Note EUR 100,000 per Note of EUR 100,000 Specified Denomination
Inflation Linked Notes - Provisions
relating to the Final Redemption Amount: Not Applicable
25 Early Redemption Amount
-
Early Redemption Amount(s) of each Note payable on redemption for taxation reasons Condition 6(j) or on
event of default (Condition 9): EUR 100,000 per Note of EUR 100,000 Specified
Denomination | ||
(ii) Redemption for taxation reasons | ||
permitted on days other than Interest | ||
Payment Dates: | Yes | |
26 | Acquisition Event Call Option | Not Applicable |
GENERAL PROVISIONS APPLICABLE TO THE NOTES
27 | 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 |
28 Exclusion of the possibility to request identification of the Noteholders as
provided by Condition 1(a): | Not Applicable | |
29 | Financial Centre(s) (Condition 7(h)): | Not Applicable |
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Arkema SA published this content on 20 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 January 2023 10:30:04 UTC.