LVMH MO£â€¹T HENNESSY LOUIS VUITTON LVMH MO£â€¹T LVMH MO£â€¹T HENNESSY ¢â„¢¦ LOUIS VUITTON LVMH MO£â€¹T HENNESSY

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  • LVMH

    MOËT HENNESSY ♦ LOUIS VUITTON LVMH MOËT HENNESSY LOUIS VUITTON

    Euro 1,250,000,000 Floating Rate Notes due 26 November 2018 Issue Price of the 2018 Notes: 100.40 per cent.

    Euro 1,250,000,000 0.000 per cent. Notes due 26 May 2020 Issue Price of the 2020 Notes: 99.739 per cent.

    Euro 800,000,000 0.375 per cent. Notes due 26 May 2022 Issue Price of the 2022 Notes: 99.802 per cent.

    Euro 1,200,000,000 0.750 per cent. Notes due 26 May 2024 Issue Price of the 2024 Notes: 99.844 per cent.

    issued under the Euro 10,000,000,000 Euro Medium Term Note Programme

    due from one month from the date of original issue

    This prospectus constitutes a prospectus (the “Prospectus”) for the purposes of Article 5.3 of the Directive 2003/71/EC of the European Parliament and of the Council dated 4 November 2003, as amended (the “Prospectus Directive”) and the relevant implementing measures in France.

    This Prospectus contains information relating to the issue by LVMH Moët Hennessy Louis Vuitton (“LVMH” or the “Issuer”) of its Euro 1,250,000,000 Floating Rate Notes due 26 November 2018 (the “2018 Notes”), Euro 1,250,000,000 0.000 per cent. Notes due 26 May 2020 (the “2020 Notes”), Euro 800,000,000 0.375 per cent. Notes due 26 May 2022 (the “2022 Notes”) and Euro 1,200,000,000 0.750 per cent. Notes due 26 May 2024 (the “2024 Notes”, together with the 2018 Notes, the 2020 Notes and the 2022 Notes, the “Notes”) under the Issuer’s Euro 10,000,000,000 Euro Medium Term Note Programme (the “Programme”). This Prospectus incorporates by reference, inter alia, the 2016 Base Prospectus (as defined herein) relating to the Programme.

    Application has been made to the Luxembourg Stock Exchange for the Notes to be listed on the Official List of the Luxembourg Stock Exchange and admitted to trading on the regulated market of the Luxembourg Stock Exchange (Bourse de Luxembourg). The Luxembourg Stock Exchange’s regulated market is a regulated market for the purposes of Directive 2004/39/EC, as amended, appearing on the list of regulated markets issued by the European Securities Markets Authority (the “ESMA”) (each such market being a “Regulated Market”).

    Application has been made to the Commission de Surveillance du Secteur Financier (the “CSSF”) in its capacity as competent authority in Luxembourg for the purposes of the Luxembourg act dated 10 July 2005 relating to prospectuses for securities (loi du 10 juillet 2005 relative aux prospectus pour valeurs mobilières) as amended, for the purpose of approving this Prospectus. In accordance with the provisions of article 7 (7) of the loi relative aux prospectus pour valeurs mobilières dated 10 July 2005 as amended, the CSSF assumes no responsibility as to the economic and financial soundness of the transaction and the quality or solvency of the Issuer.

    The Notes will be issued on 26 May 2017 (the “Issue Date”).

    Interest on the 2018 Notes will accrue at a floating rate calculated on the basis of three-month EURIBOR plus a margin of 0.1 per cent. per annum payable quarterly in arrear on 26 February, 26 May, 26 August and 26 November in each year, commencing on 26 August 2017. The 2018 Notes, unless redeemed or purchased and cancelled, will mature on the Interest Payment Date (as defined in “Terms and Conditions of the Notes – Interest and other Calculations”) falling on or about 26 November 2018.

    The 2020 Notes shall not bear interest. The 2020 Notes, unless redeemed or purchased and cancelled, will mature on 26 May 2020.

    Interest on the 2022 Notes will accrue at a rate of 0.375 per cent. per annum from and including the Issue Date and will be payable annually in arrear on 26 May in each year, commencing on 26 May 2018. The 2022 Notes, unless redeemed or purchased and cancelled, will mature on 26 May 2022.

    Interest on the 2024 Notes will accrue at a rate of 0.750 per cent. per annum from and including the Issue Date and will be payable annually in arrear on 26 May in each year, commencing on 26 May 2018. The 2024 Notes, unless redeemed or purchased and cancelled, will mature on 26 May 2024.

    The Notes will be issued in dematerialised bearer form (au porteur) in the denomination of Euro 1,000. Titles to the Notes will at all times be in book entry form in compliance with Articles L.211-3 and R.211-1 et seq. of the French Code monétaire et financier. No physical documents of title (including certificats représentatifs pursuant to Article R.211-7 of the French Code monétaire et financier) will be issued in respect of the Notes. The Notes will be inscribed as from the Issue Date in the books of Euroclear France (acting as central depositary) which shall credit the accounts of the Account Holders (as defined in “Terms and Conditions of the Notes – Form, Denomination(s), Title and Redenomination”) including Euroclear Bank S.A./N.V. (“Euroclear”) and the depositary bank for Clearstream Banking, société anonyme (“Clearstream, Luxembourg”).

    The Notes are rated A+ by Standard & Poor’s Ratings Services, a division of the McGraw-Hill Companies, Inc. (“S&P”). A rating is not a recommendation to buy, sell or hold securities and may be subject to suspension, change, or withdrawal at any time by the assigning rating agency. As at the date of this Prospectus, S&P is established in the European Union and registered under Regulation (EC) No. 1060/2009 on credit ratings agencies, as amended (the “CRA Regulation”) and included in the list of registered credit rating agencies published on the ESMA website (https://www.esma.europa.eu/supervision/credit-rating-agencies/risk).

    Prospectus dated 24 May 2017

  • EMEA 113437350

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    Prospective investors are invited to take into account the factors described under the section headed “Risk factors” in this Prospectus before deciding to invest in the Notes.

    Global Coordinator HSBC

    Joint Lead Managers

    BofA Merrill Lynch Barclays Crédit Agricole CIB HSBC

    J.P. Morgan Natixis

    Commerzbank Lloyds Bank

  • EMEA 113437350

    3

    This Prospectus is to be read in conjunction with any document and/or information which is or may be incorporated herein by reference in accordance with Article 28 of the European Commission Regulation N°809/2004 dated 29 April 2004, as amended (see “Documents incorporated by Reference” below).

    LVMH confirms, to the best of its knowledge having taken all reasonable care to ensure that such is the case, that (i) this Prospectus contains or incorporates all information with respect to it and its consolidated subsidiaries and affiliates taken as a whole (together with LVMH, the “Group” or “LVMH Group”) and to the Notes that is material in the context of an issue and offering of the Notes and (ii) the statements contained in it relating to the Issuer, the Group and the Notes are, at the date of this Prospectus, in every material particular true and accurate and not misleading. The Issuer accepts responsibility accordingly.

    This Prospectus may only be used for the purposes for which it has been published.

    No person is or has been authorised to give any information or to make any representation other than those contained in this Prospectus in connection with the issue or sale of the Notes and, if given or made, such information or representation must not be relied upon as having been authorised by the Issuer or any of the Joint Lead Managers. Neither the delivery of this Prospectus nor any sale made in connection herewith shall, under any circumstances, create any implication that there has been no change in the affairs of the LVMH Group since the date hereof or that there has been no adverse change in the financial position of the Issuer or the LVMH Group since the date hereof or that any other information supplied in connection with the Programme is correct as of any time subsequent to the date on which it is supplied or, if different, the date indicated in the document containing the same.

    The distribution of this Prospectus and the offering or sale of the Notes in certain jurisdictions may be restricted by law. Persons into whose possession this Prospectus comes are required by the Issuer and the Joint Lead Managers to inform themselves about and to observe any such restriction.

    The Notes have not been and will not be registered under the United States Securities Act of 1933, as amended (the “Securities Act”) or with any securities regulatory authority of any state or other jurisdiction of the United States. Subject to certain exceptions, the Notes may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons. The Notes are being offered and sold outside of the United States of America to non-U.S. persons in reliance on Regulation S under the Securities Act (“Regulation S”). By accessing the Prospectus, you represent that you are a non-U.S. person that is outside of the United States. This Prospectus is not for publication, release or distribution in the United States.

    For a description of these, and certain further restrictions on offers, sales and transfers of Notes and on distribution of this Prospectus, see “Subscription and Sale” in the 2016 Base Prospectus (for which purpose, references therein to the “Base Prospectus” shall be deemed to include references to this Prospectus).

    This Prospectus does not constitute an offer of, or an invitation by or on behalf of the Issuer or the Joint Lead Managers to subscribe for, or purchase, any