Obligation BWM 0% ( XS1055571837 ) en EUR

BWM

100 % ⇌

Allemagne

XS1055571837 ( en EUR )

0%

11/04/2016 - Obligation échue

Prospectus brochure de l'obligation BMW XS1055571837 en EUR 0%, échue

100 000 EUR

430 000 000 EUR

BMW, acronyme de Bayerische Motoren Werke (Usines bavaroises de moteurs), est un constructeur automobile allemand réputé pour ses véhicules haut de gamme, ses motos, et son engagement dans la technologie d'avant-garde et le sport automobile.

L'émetteur de ce titre, Bayerische Motoren Werke AG (BMW), est un constructeur automobile allemand de renommée mondiale, chef de file dans la production de véhicules de luxe et de motos, dont l'activité repose sur une présence forte sur les marchés financiers pour son financement et sa croissance, comme en témoigne l'émission de cette obligation corporate de type zéro-coupon identifiée par le code ISIN XS1055571837. Cette tranche obligataire, libellée en euros et intégralement émise en Allemagne, représentait un montant total de 430 millions d'euros, avec une taille minimale d'achat fixée à 100 000 euros, et se distinguait par un taux d'intérêt nominal de 0%, signifiant que le rendement pour l'investisseur provenait de la différence entre le prix d'achat et la valeur de remboursement à l'échéance. Initialement négociée sur le marché à 100% de sa valeur nominale, cette obligation est parvenue à sa maturité le 11 avril 2016, date à laquelle elle a été intégralement remboursée aux porteurs, concluant ainsi le cycle de vie de cet instrument financier comme prévu.

IN THE CASE OF NOTES LISTED ON THE OFFICIAL LIST OF AND ADMITTED TO TRADING ON
THE REGULATED MARKET OF THE LUXEMBOURG STOCK EXCHANGE OR PUBLICLY
OFFERED IN THE GRAND DUCHY OF LUXEMBOURG, THE FINAL TERMS OF NOTES WILL BE
DISPLAYED
ON
THE
WEBSITE
OF
THE
LUXEMBOURG
STOCK
EXCHANGE
(WWW.BOURSE.LU).

9 September 2014

Final Terms

BMW Finance N.V.

EUR 80,000,000 Floating Rate Notes due 11 April 2016
which is to be consolidated and form a single series with the 2 year EUR 350,000,000 Floating Rate
Notes due 11 April 2016 of which EUR 150,000,000 were initially issued on 11 April 2014 and
increased to EUR250,000,000 on 15 April 2014 and to EUR 350,000,000 on 28 May 2014 (Tranche
No. 827, 831 and 834)
issued pursuant to the

Euro 35,000,000,000
Euro Medium Term Note Programme

of

Bayerische Motoren Werke Aktiengesellschaft ("BMW AG")
BMW Finance N.V. ("BMW Finance")
BMW US Capital, LLC ("BMW US Capital")
BMW Australia Finance Limited, ABN 78 007 101 715 ("BMW Australia Finance")
BMW Japan Finance Corp. ("BMW Japan")

Dated 13 May 2014

Issue Price: 100.1569 per cent plus accrued Interest in the amount of EUR 58,280.00 for 62 days in
the period from, and including, 11th July 2014 to, but excluding, 11th September 2014

Issue Date: 11 September 2014

Important Notice

These Final Terms have been prepared for the purpose of Article 5 (4) of the Directive 2003/71/EC of
the European Parliament and of the Council of 4 November 2003, as amended by
Directive 2010/73/EU of the European Parliament and of the Council of 24 November 2010, and must
be read in conjunction with the Euro Medium Term Note Programme Prospectus pertaining to the
Programme dated 13 May 2014 (the "Prospectus").The Prospectus and any supplement thereto, if
any, are available for viewing in electronic form on the website of the Luxembourg Stock Exchange
(www.bourse.lu). Full information is only available on the basis of the combination of the Prospectus,
any supplement and these Final Terms.

2

Part I: TERMS AND CONDITIONS

This Part I of the Final Terms is to be read in conjunction with the set of Terms and Conditions that
apply to Notes with floating interest rates (the "Terms and Conditions") set forth in the Prospectus as
Option II. Capitalised terms shall have the meanings specified in the Terms and Conditions.

All references in this Part I of the Final Terms to numbered paragraphs and subparagraphs are to
paragraphs and subparagraphs of the Terms and Conditions.

The blanks in the provisions of the Terms and Conditions, which are applicable to the Notes shall be
deemed to be completed by the information contained in the Final Terms as if such information were
inserted in the blanks of such provisions. All provisions in the Terms and Conditions corresponding to
items in these Final Terms which are either not selected or completed or which are deleted shall be
deemed to be deleted from the Terms and Conditions applicable to the Notes (the "Conditions").

CURRENCY, DENOMINATION, FORM, TITLE, CERTAIN DEFINITIONS (§ 1)

§ 1 (1) Currency, Denomination

Tranche No.:
854
Specified Currency:
Euro ("EUR")
Aggregate Principal Amount:
EUR 80,000,000
Specified Denomination(s):
EUR 100,000
Tranche to become part of an existing Series:
YES
§ 1 (3) Temporary Global Note Exchange
Permanent Global Note

Temporary Global Note Exchange (TEFRA D)

§ 1 (4) Clearing System

Clearstream Banking AG, Frankfurt

Mergenthalerallee 61

65760 Eschborn

Euroclear Bank SA/NV

Boulevard du Roi Albert II

B-1210 Brussels

Clearstream Banking, société anonyme,

Luxembourg

42 Avenue JF Kennedy

L-1855 Luxembourg

Other:

3

Notes issued by BMW US Capital, LLC and treated by the Specified Clearing System(s) as
registered notes for U.S. federal income tax purposes

Registered Note (§ 1(2))

Classical Global Note

Intended to be held in a manner which would

allow ECB eligibility

New Global Note (NGN)

Intended to be held in a manner which would
Note that if this item is applicable it
allow ECB eligibility (in new global note form
simply means that the Notes are
(NGN))
intended upon issue to be deposited with

one of the international central securities
depositaries
(ICSDs)
as
common
safekeeper and does not necessarily
mean that the Notes will be recognised
as eligible collateral for Eurosystem
monetary policy and intra-day credit
operations by the Eurosystem either
upon issue or at any or all times during
their life. Such recognition will depend
upon satisfaction of the Eurosystem
eligibility criteria (ECB eligibility)
§ 1 (8) Business Day

Relevant Financial Centre(s)

TARGET

INTEREST (§ 3)

Fixed Rate Notes (Option I)

§ 3 (1) Rate of Interest and Interest

Payment Dates
Rate of Interest

Interest Commencement Date

Fixed Interest Date(s)

First Interest Payment Date

Initial Broken Amount(s) (per

denomination)

Fixed Interest Date preceding the Maturity

Date

Final Broken Amount(s) (per denomination)
Determination Date(s)

4

Floating Rate Notes (Option II)

§ 3 (1) Interest Payment Dates

Interest Commencement Date
11 July 2014

Specified Interest Payment Dates
Quarterly, on 11 July, 11 October,

11 January and 11 April of each year,
commencing on 11 July 2014, up to, and
including, the Maturity Date, all subject to
the Business Day Convention (as
specified below).

Specified Interest Period(s)
The period from, and including, the

Interest Commencement Date to, but
excluding, the first Specified Interest
Payment Date and, thereafter, the period
from, and including, a Specified Interest
Payment Date to, but excluding, the next
Specified Interest Payment Date or the
Maturity Date, as the case may be.
§ 3 (2) Rate of Interest

Floating Rate Notes where interest is linked to a
reference rate

EURIBOR (Brussels time/TARGET
3 months
Business Day/Interbank market in the
Euro-zone)
Euro Interbank Offered Rate (EURIBOR)

means the rate for deposits in Euros for a
specified period
Screen page
Reuters Screen EURIBOR01

LIBOR (London time/London Business

Day/City of London/London Office/London
Interbank market))

[London Interbank Offered Rate (LIBOR)

means the rate for deposits in various
currencies for a specified period]
Screen page

other reference rate (location for relevant

time, relevant Business Day, relevant
Office and relevant Interbank market)
Screen page

Floating Rate Notes where interest is linked to a
Constant Maturity Swap Rate:
Number of years

Factor

5

Screen page

Additional provisions:

If the screen page is not available

The arithmetic mean shall be rounded to the

nearest:

one thousandth of a percentage point

one hundred-thousandth of a percentage

point
Reference Banks located in
Eurozone
Relevant local time in
Frankfurt
Margin
0.22 per cent. per annum

plus

minus

Interest Determination Date

second TARGET Business Day prior to

commencement of Interest Period

Reference Banks (if other than as specified in

§ 3 (2)
§ 3 (3) Minimum and Maximum Rate of Interest

Minimum Rate of Interest

Maximum Rate of Interest

Zero Coupon Notes (Option III)

Amortisation Yield

§ 3 [(3)][(4)][(7)][(8)] Day Count Fraction

Actual/Actual (ICMA)

30/360

Actual/Actual (Actual/365)

Actual/365 (Fixed)

Actual/360

30/360 or 360/360 (Bond Basis)

30E/360 (Eurobond Basis)

6

PAYMENTS (§ 4)
§ 4 (5) Payment Business Day

Business Day Convention

Modified Following Business Day Convention

FRN Convention [specify period(s)]

Following Business Day Convention

Preceding Business Day Convention

Adjustment

adjusted

unadjusted

REDEMPTION (§ 5)
§ 5 (1) Redemption at Maturity

Maturity Date
The Interest Payment Date falling on or
nearest 11 April 2016.
Redemption Month and Year

Final Redemption Amount

Principal Amount

Final Redemption Amount (per Specified

Denomination)
§ 5 (3) Early Redemption at the Option of the Issuer
No

Minimum Redemption Amount

Higher Redemption Amount

Call Redemption Date(s)

Call Redemption Amount(s)

Minimum Notice to Noteholders

Maximum Notice to Noteholders

§ 5 [(3)][(4)] Early Redemption at the Option
No
of a Noteholder
Put Redemption Date(s)

Put Redemption Amount(s)

Minimum Notice to Issuer

Maximum Notice to Issuer (never more than 60

days)
§ 5 (4) Early Redemption Amount

Reference Price

7

PRINCIPAL PAYING AGENT, PAYING AGENTS AND CALCULATION AGENT (§ 6)
Calculation Agent/specified office
Deutsche Bank Aktiengesellschaft

Trust & Securities Services
Taunusanlage 12
60325 Frankfurt am Main
Germany
Required location of Calculation Agent (specify)

Paying Agent(s)

Additional Paying Agent(s)/specified office(s)

NOTICES (§ 12)
Place and medium of publication

German Federal Gazette

Luxembourg (Luxemburger Wort)

Luxembourg (Tageblatt)

Internet address
www.bourse.lu

Other (specify)
Clearing systems
LANGUAGE (§ 15)

German and English (German prevailing)

English and German (English prevailing)

German only

English only

Part II: ADDITIONAL INFORMATION
A.
ESSENTIAL INFORMATION

Material Interests of natural and legal persons involved in
The Issuer is entitled to purchase or sell
the issue/offer
Notes for its own account or for the

account of third parties and to issue
further Notes. In addition, the Issuer may,
on a daily basis, act on the national and
international finance and capital markets.
Therefore, the Issuer may, for its own
account or for the account of its clients,
also close transactions with regard to
reference rates and it may, with regard to
such transactions, act in the same
manner as if the Notes had not been
issued.
8

B.
INFORMATION CONCERNING THE NOTES TO BE
ADMITTED TO TRADING
Securities Identification Numbers

Common Code
105557183

Temporary Common Code
110868596

ISIN Code
XS1055571837

Temporary ISIN Code
XS1108685964

German Securities Code

Any other securities number

Method of Distribution

Non-Syndicated

Syndicated

Management Details

Dealer/Management Group
Barclays Bank PLC
5 The North Colonnade
London E14 4BB
United Kingdom
Expenses

Estimated total expenses relating to admission of
Approximately EUR 1,320
trading
Stabilising Manager
None
Stabilisation Period

C.
ADMISSION TO TRADING AND DEALING

ARRANGEMENTS
Listing(s) and admission to trading
Yes

Luxembourg Stock Exchange

regulated market

EuroMTF

II./2 ADDITIONAL INFORMATION RELATED TO ALL

NOTES
Third Party Information

Where information has been sourced from a third party the
Issuer confirms that any such information has been
9