Obbligazione Air Products & Chemicals Inc. 0.5% ( XS2166122304 ) in EUR

Air Products & Chemicals Inc.

100 EUR ▲

Stati Uniti

XS2166122304 ( in EUR )

0.5% per anno ( pagato 1 volta l'anno)

05/05/2028

Prospetto opuscolo dell'obbligazione Air Products and Chemicals XS2166122304 en EUR 0.5%, scadenza 05/05/2028

100 000 EUR

500 000 000 EUR

009158BD7

05/05/2026 ( In 306 giorni )

Air Products and Chemicals è una società multinazionale americana leader nella produzione e fornitura di gas industriali, processi e attrezzature correlate.

Air Products and Chemicals ha emesso un'obbligazione (ISIN: XS2166122304, CUSIP: 009158BD7) denominata in EUR, con un valore nominale di 100%, cedola dello 0,5%, scadenza il 05/05/2028, taglia totale dell'emissione di ?500.000.000 e taglio minimo di ?100.000, con pagamento del coupon annuale.

FWP
https://www.sec.gov/Archives/edgar/data/2969/000119312520122998...
FWP 1 d914186dfwp.htm FWP
Free Writing Prospectus
Filed Pursuant to Rule 433
Registration Statement No. 333-221729
Dated April 28, 2020
AIR PRODUCTS AND CHEMICALS, INC.
PRICING TERM SHEET
April 28, 2020
500,000,000 0.500% Notes Due 2028
500,000,000 0.800% Notes Due 2032
Issuer:
Air Products and Chemicals, Inc. (the "Company")
Trade Date:
April 28, 2020
Settlement Date (T+4)*:
May 5, 2020
Principal Amount:
500,000,000
500,000,000
Coupon Rate:
0.500% per year
0.800% per year
Interest Payment Dates:
Annually on each May 5, commencing on May 5,
Annually on each May 5, commencing on May 5,
2021
2021
Maturity Date:
May 5, 2028
May 5, 2032
Price to Public:
99.625%
99.443%
Yield to Maturity:
0.548%
0.849%
Benchmark Bund:
DBR 0.500% due February 15, 2028
DBR 0.000% due February 15, 2030
Benchmark Bund Price / Yield:
108.60% / -0.575%
104.69% / -0.467%
Re-offer Spread to Benchmark Bund:
+112.3 bps
+131.6 bps
Mid-Swap Yield:
-0.152%
-0.001%
Re-offer spread to Mid-Swap Yield:
+70 bps
+85 bps
Redemption Provisions:
Prior to February 5, 2028, at any time at an amount
Prior to February 5, 2032, at any time at an amount
equal to the greater of (i) 100% of the principal
equal to the greater of (i) 100% of the principal
amount or (ii) the sum of the present values of the
amount or (ii) the sum of the present values of the
remaining scheduled payments of principal and
remaining scheduled payments of principal and
interest thereon from the redemption date to the
interest thereon from the redemption date to the
applicable maturity date (exclusive of accrued
applicable maturity date (exclusive of accrued
interest) discounted to the redemption date on an
interest) discounted to the redemption date on an
annual basis (Actual/Actual (ICMA)) using a
annual basis (Actual/Actual (ICMA)) using a
discount rate equal to the Comparable Government
discount rate equal to the Comparable Government
Bond Rate plus 20 basis points, plus, in each case,
Bond Rate plus 20 basis points, plus, in each case,
any interest accrued and unpaid interest to, but
any interest accrued and unpaid interest to, but
excluding, the redemption date.
excluding, the redemption date.
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FWP
https://www.sec.gov/Archives/edgar/data/2969/000119312520122998...
On or after February 5, 2028, at any time at an
On or after February 5, 2032, at any time at an
amount equal to 100% of the principal amount of the amount equal to 100% of the principal amount of the
applicable notes being redeemed plus accrued and
applicable notes being redeemed plus accrued and
unpaid interest.
unpaid interest.
Redemption on Change of Control
If a change of control triggering event occurs with a subsequent ratings decline, the Company will offer to
Triggering Event:
repurchase the notes at a purchase price of 101% of the aggregate principal amount of the notes plus
accrued and unpaid interest.
Redemption for Tax Reasons:
The Company may offer to redeem all, but not less than all, of the Notes in the event of certain changes in
the tax laws of the United States (or in the interpretation thereof). This redemption would be at a redemption
price equal to 100% of the principal amount plus any interest accrued but not paid to the redemption date.
Additional Amounts:
The Company will, subject to certain exceptions and limitations, pay additional amounts on the Notes as are
necessary in order that the net payment of the principal of and interest on the Notes to a holder who is not a
United States person, after withholding or deduction for any present or future tax, assessment or other
governmental charge imposed by the United States or a taxing authority in the United States, will not be less
than the amount provided in the Notes to be then due and payable.
CUSIP/Common Code/ISIN:
009158BD7 / 216612230 / XS2166122304
009158BE5 / 216612248 / XS2166122486
Offering Format:
SEC Registered
Listing:
Company intends to apply to list the Notes on the New York Stock Exchange
Expected Ratings**:
A2/A (Moody's/S&P)
Denominations:
100,000 x 1,000
Day Count Convention:
Actual/Actual (ICMA)
Joint Book-Running Managers:
BNP Paribas
Citigroup Global Markets Limited
Deutsche Bank AG, London Branch
Merrill Lynch International
Stabilization:
Stabilization/FCA
*
It is expected that delivery of the notes will be made to investors on or about May 5, 2020, which will be the fourth business day following the
date hereof (such settlement cycle being referred to as "T+4"). Under Rule 15c6-1 under the Securities Exchange Act of 1934, as amended, trades
in the secondary market are required to settle in two business days, unless the parties to any such trade expressly agree otherwise. Accordingly,
purchasers who wish to trade the notes prior to two business days before the date of delivery will be required, by virtue of the fact that the notes
initially will settle in T+4, to specify an alternative settlement arrangement at the time of any such trade to prevent a failed settlement. Purchasers
of the notes who wish to trade the notes prior to the delivery of the notes should consult their advisors.
**
Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.
MiFID II professionals/ECPs-only / No PRIIPs KID -- Manufacturer target market (MiFID II product governance) is eligible counterparties and
professional clients only (all distribution channels). No PRIIPs key information document (KID) has been prepared as the Notes are not available to
retail investors in the EEA or in the UK.
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FWP
https://www.sec.gov/Archives/edgar/data/2969/000119312520122998...
The Company has filed a registration statement (including a prospectus and a preliminary prospectus supplement) with the SEC for the
offering to which this communication relates. Before you invest, you should read the prospectus and the preliminary prospectus supplement in
that registration statement and other documents the Company has filed with the SEC for more complete information about the Company and
this offering. You may get these documents for free by visiting EDGAR on the SEC web site at www.sec.gov. Alternatively, the Company, any
underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling:
BNP Paribas 1-800-854-5674
Citigroup Global Markets Limited 1-800-831-9146
Deutsche Bank AG, London Branch 1-800-503-4611
Merrill Lynch International 1-800-294-1322
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 OR ANOTHER EMAIL SYSTEM.
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