Bond Mercedes-Benz Konzern 4.8% ( US58769JAF49 ) in USD

Issuer Mercedes-Benz Konzern
Market price refresh price now   100.252 %  ▲ 
Country  Germany
ISIN code  US58769JAF49 ( in USD )
Interest rate 4.8% per year ( payment 2 times a year)
Maturity 29/03/2026



Prospectus brochure of the bond Mercedes-Benz Group US58769JAF49 en USD 4.8%, maturity 29/03/2026


Minimal amount /
Total amount /
Cusip 58769JAF4
Standard & Poor's ( S&P ) rating A ( Upper medium grade - Investment-grade )
Moody's rating A2 ( Upper medium grade - Investment-grade )
Next Coupon 30/03/2026 ( In 49 days )
Detailed description Mercedes-Benz Group AG is a German multinational automotive corporation that designs, manufactures, markets, and sells luxury vehicles and related services.

A detailed analysis of the fixed-income market highlights a specific bond offering from Mercedes-Benz Group, presenting an investment opportunity linked to a leading global automotive entity. The issuer, Mercedes-Benz Group, is a German-headquartered multinational automotive corporation renowned for its premium Mercedes-Benz passenger cars, Mercedes-Benz Vans, and its comprehensive financial services. With a rich history of innovation and engineering prowess, the company maintains a robust global presence and is actively investing in future mobility solutions, including electric vehicles and sustainable technologies, underscoring its long-term strategic vision in the evolving automotive industry. This particular bond, identified by the ISIN US58769JAF49 and CUSIP 58769JAF4, is denominated in US Dollars (USD), broadening its accessibility to an international investor base. It carries a fixed annual interest rate, or coupon, of 4.8%, which translates to predictable income streams for bondholders. The total size of this significant issuance amounts to 1,000,000,000 USD, reflecting the scale of the issuer?s financing activities. For potential investors, it is important to note the minimum lot size for purchase is set at 150,000 USD. The bond is scheduled to mature on March 29, 2026, positioning it as a short-to-medium-term debt instrument. Interest payments are structured with a frequency of two times per year, typically implying semi-annual disbursements, providing regular cash flow to investors. From a market perspective, the bond is currently trading at 102.16% of its par value on the open market, indicating a premium consistent with its perceived quality and current market dynamics. Its creditworthiness is further underscored by strong investment-grade ratings from prominent independent agencies: Standard & Poor's (S&P) has assigned an 'A' rating, while Moody's has provided an 'A2' rating. These favorable ratings signify Mercedes-Benz Group's robust financial health and its strong capacity to meet its financial obligations, offering a substantial level of security for investors in this debt instrument.








PRICING TERM SHEET

Mercedes-Benz Finance North America LLC

$1,000,000,000 4.800% Notes due March 30, 2026

Issuer:
Mercedes-Benz Finance North America LLC
Guarantor:
Mercedes-Benz Group AG
Title:
4.800% Notes due March 30, 2026
Total Principal Amount:
$1,000,000,000
Format:
Rule 144A/Regulation S
Denominations:
$150,000 and integral multiples of $1,000 in
excess thereof
Guarantee:
Payment of principal and interest on the notes is
fully guaranteed by the Guarantor
Ranking:
Unsecured and unsubordinated debt obligations
Pricing Date:
March 27, 2023
Settlement Date:
March 30, 2023 (T+3)
Maturity Date:
March 30, 2026
Interest Rate:
4.800% per annum
Date Interest Starts Accruing:
March 30, 2023
Interest Payment Dates:
March 30 and September 30 of each year,
subject to the Business Day Convention
First Interest Payment Date:
September 30, 2023
Offering Price:
99.867%; $998,670,000
U.S. Benchmark Treasury:
4.625% due March 15, 2026





U.S. Benchmark Treasury Yield:
3.798%
Spread to U.S. Benchmark Treasury:
T+ 105 basis points
Reoffer Yield:
4.848%
Proceeds to Issuer Before Expenses:
99.667%; $996,670,000
Optional Redemption:
Optional make-whole redemption/optional tax
redemption

Optional Make-Whole Redemption
T+ 20 basis points
Spread:
Day Count:
30/360
Business Day Convention:
Following, unadjusted
Business Day:
Any day which is not a Saturday, Sunday, or a
day on which commercial banking institutions
are authorized or obligated by law to close in
New York City
Record Dates:
March 15 and September 15 of each year
Listing:
None
Joint Book-Running Managers:
Barclays Capital Inc.
BBVA Securities Inc.
Citigroup Global Markets Inc.
Credit Agricole Securities (USA) Inc.
Goldman Sachs Bank Europe SE
Standard Chartered Bank AG

Stabilization Manager:
Each of the Joint Book-Running Managers
CUSIP Number (144A):
58769J AF4
ISIN Number (144A):
US58769JAF49
CUSIP Number (REG S):
U5876J AF2
ISIN Number (REG S):
USU5876JAF22
Fiscal Agent:
The Bank of New York Mellon






The securities described in this document have not been, and will not be, registered under the
U.S. Securities Act of 1933, as amended (the "Securities Act"), or any state or other securities
laws, and may not be offered or sold except (i) to a person who is a "qualified institutional buyer"
(as defined in Rule 144A under the Securities Act) or (ii) to a non "U.S. person", as that term is
defined in Rule 902 under the Securities Act, in an offshore transaction in accordance with Rule
903 of Regulation S under the Securities Act and, in each case, in compliance with applicable
securities laws. This information is not to be shown or given to any person other than the
recipient, and is not to be forwarded to any other person, copied or otherwise reproduced or
distributed to any other person in any manner whatsoever. Failure to comply with this directive
can result in a violation of the Securities Act. The information in this document supplements
and supersedes the information contained in the Preliminary Offering Memorandum, dated
March 27, 2023, relating to the securities described above.
You may obtain a copy of the Preliminary Offering Memorandum if you request it from your
sales representative at Barclays Capital Inc. by calling +1 888-603-5847, BBVA Securities Inc.
by calling +1 212-728-2300, Citigroup Global Markets Inc. by calling +1 800-831-9146, Credit
Agricole Securities (USA) Inc. by calling +1 866-807-6030, Goldman Sachs Bank Europe SE by
calling +49 69 7532 1000 and Standard Chartered Bank AG by calling +49 69 770 7500.
This document is not a prospectus for the purposes of Regulation (EU) 2017/1129, including as
the same 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.
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.
The communication of this document and any other document or materials relating to the issue
of the Notes offered hereby is not being made, and such documents and/or materials have not
been approved, by an authorized person for the purposes of section 21 of the United Kingdom's
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 document 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 document or any of its
contents.





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.