Obbligazione Citi Global Markets Finance 11.2% ( XS2339243185 ) in USD

Emittente Citi Global Markets Finance
Prezzo di mercato 100 USD  ▲ 
Paese  Lussemburgo
Codice isin  XS2339243185 ( in USD )
Tasso d'interesse 11.2% per anno ( pagato 2 volte l'anno)
Scadenza 10/06/2024 - Obbligazione è scaduto



Prospetto opuscolo dell'obbligazione Citigroup Global Markets Funding XS2339243185 in USD 11.2%, scaduta


Importo minimo 1 000 USD
Importo totale 668 000 USD
Descrizione dettagliata Citigroup Global Markets Funding è la divisione di Citigroup che si occupa del finanziamento a livello globale per i mercati finanziari, fornendo liquidità e servizi di finanziamento a istituzioni finanziarie e grandi aziende.

The Obbligazione issued by Citi Global Markets Finance ( Luxembourg ) , in USD, with the ISIN code XS2339243185, pays a coupon of 11.2% per year.
The coupons are paid 2 times per year and the Obbligazione maturity is 10/06/2024







Holcim Finance (Luxembourg) S.A.
(incorporated in Luxembourg as a société anonyme)
Holcim US Finance (Luxembourg) S.A.
(incorporated in Luxembourg as a société anonyme)
Holcim Finance US LLC
(incorporated in Delaware as a limited liability company)
Holcim Helvetia Finance Ltd
(incorporated in Switzerland with limited liability)
Holcim Sterling Finance (Netherlands) B.V.
(incorporated in the Netherlands as a private company with limited liability)
Holcim Ltd
(incorporated in Switzerland with limited liability)
15,000,000,000
Euro Medium Term Note Programme
guaranteed in respect of Notes issued by
Holcim Finance (Luxembourg) S.A.,
Holcim US Finance (Luxembourg) S.A.,
Holcim Finance US LLC,
Holcim Helvetia Finance Ltd, and
Holcim Sterling Finance (Netherlands) B.V.
by
Holcim Ltd
(incorporated in Switzerland with limited liability)
Under the 15,000,000,000 Euro Medium Term Note Programme described in this Prospectus (the "Programme"), each of Holcim Finance (Luxembourg) S.A. ("HFL"), Holcim US Finance (Luxembourg) S.A.
("HUSFL"), Holcim Finance US LLC ("HFUS"), Holcim Helvetia Finance Ltd ("HHFL"), Holcim Sterling Finance (Netherlands) B.V. ("HSFN") and Holcim Ltd, subject to compliance with all relevant laws, regulations
and directives, may from time to time issue Euro Medium Term Notes (the "Notes") guaranteed by Holcim Ltd (the "Guarantor" or the "Company") in the case of Notes issued by HFL, HUSFL, HFUS, HHFL or HSFN.
The maximum aggregate nominal amount of Notes from time to time outstanding will not at any time exceed 15,000,000,000 (or the equivalent in other currencies).
Application has been made to the Commission de Surveillance du Secteur Financier (the "CSSF") in its capacity as competent authority under the Luxembourg Act dated 16 July 2019 relating to prospectuses for securities
(the "Luxembourg Prospectus Act"), for the approval of this Prospectus. Application has also been made to the Luxembourg Stock Exchange for Notes issued under the Programme for the period of 12 months from the
date of this Prospectus to be admitted to the Official List of the Luxembourg Stock Exchange (the "Official List") and admitted to trading on the regulated market of the Luxembourg Stock Exchange (the "Market")
except for Notes issued by HHFL. The Market is a regulated market for the purposes of the Directive 2014/65/EU of the European Parliament and of the Council on markets in financial instruments. By approving this
Prospectus, the CSSF assumes no responsibility as to the economic or financial soundness of the Notes or the quality and solvency of the Obligors (as defined below).
The CSSF has approved the information contained in this Prospectus relating to HFL, HUSFL, HFUS, HSFN and Holcim Ltd. The CSSF assumes no responsibility for the economic and financial soundness
of the transactions contemplated by this Prospectus or the quality or solvency of the Issuers in accordance with Article 6(4) of the Luxembourg Prospectus Act. Pursuant to the Luxembourg Prospectus Act,
the CSSF is not competent to approve prospectuses for the offering to the public or for the admission to trading on regulated markets of money market instruments having a maturity at issue of less than 12
months.
This Prospectus has been approved by the CSSF as competent authority under the Luxembourg Prospectus Act and Regulation (EU) 2017/1129 (the "Prospectus Regulation"). The CSSF only approves this Prospectus as
meeting the standards of completeness, comprehensibility and consistency imposed by the Prospectus Regulation. Such approval should not be considered as an endorsement of the Issuers or the quality of the Notes that
are the subject of this Prospectus and investors should make their own assessment as to the suitability of investing in the Notes.
This Prospectus has been approved as a base prospectus within the meaning of article 45 of the Swiss Financial Services Act of 15 June 2018 (as amended, the "FinSA") by SIX Exchange Regulation Ltd in its capacity as
review body pursuant to article 52 of the FinSA (in such capacity, the "Swiss Review Body") as of its date. This Prospectus has been approved by the Swiss Review Body for use in connection with the public offering in
Switzerland and/or admission to trading on the SIX Swiss Exchange (or any other trading venue (exchange or multilateral trading facility) in Switzerland) of Notes issued by either HHFL or Holcim Ltd (together, the
"Swiss Issuers") only. Accordingly, this Prospectus does not constitute a base prospectus within the meaning of article 45 of the FinSA, and has not been approved by the Swiss Review Body for use in connection with,
Notes issued by HFL, HUSFL, HFUS or HSFN. In respect of any Tranche of Notes to be issued by a Swiss Issuer during the 12 months from the date of this Prospectus, this Prospectus (as supplemented by any supplements
hereto filed, approved (if applicable) and published in accordance with article 56 of the FinSA and articles 63 to 67 of the Swiss Financial Services Ordinance of 6 November 2019 (as amended, the "FinSO") as of the
date of the applicable Final Terms), together with the applicable Final Terms, will constitute the prospectus for purposes of the FinSA. Application may be made for admission to trading and listing of any issue of Notes
by a Swiss Issuer on the SIX Swiss Exchange (or any other trading venue (exchange or multilateral trading facility) in Switzerland). In such case, the relevant Final Terms (as defined herein) in respect of such issue of
Notes will specify that such Notes will be listed on the SIX Swiss Exchange (or such other trading venue in Switzerland). The Swiss Review Body only approves this Prospectus as meeting the standards of completeness,
comprehensibility and consistency imposed by the FinSA. Such approval should not be considered as an endorsement of the Issuers or the quality of the Notes that are the subject of this Prospectus and investors should
make their own assessment as to the suitability of investing in the Notes.
Any Notes issued by HHFL will be admitted to trading and listed on the SIX Swiss Exchange (or any other trading venue (exchange or multilateral trading facility) in Switzerland) only and this Prospectus does not
comprise a prospectus or a base prospectus for the purposes of the Prospectus Regulation in respect of Notes issued by HHFL.
The CSSF has neither approved nor reviewed information contained in this Prospectus relating to HHFL or in connection with Notes admitted to trading and listed on the SIX Swiss Exchange (or any other
trading venue (exchange or multilateral trading facility) in Switzerland).
This Prospectus is valid for a period of twelve months from the date of approval to (and including) 3 August 2024, and the obligation to supplement this Prospectus in the event of significant new factors, material mistakes
or material inaccuracies pursuant to Article 23 of the Prospectus Regulation, and the obligation to supplement this Prospectus pursuant to article 56 of the FinSA, will not apply when this Prospectus is no longer valid.
HFL, HUSFL, HHFL, HSFN and Holcim Ltd may issue Notes in bearer form, in bearer form exchangeable for registered notes, or in registered form. HFUS may only issue Notes in registered form.
Each Series (as defined herein) of Notes in bearer form will be represented on issue by a temporary global note in bearer form (each a "Temporary Global Note") or a permanent Global Note in bearer form (each a
"Permanent Global Note"). If the Global Notes are stated in the applicable Final Terms to be issued in new global note ("NGN") form, the Global Notes will be delivered on or prior to the original issue date of the
relevant Tranche to a common safekeeper (the "Common Safekeeper") for Euroclear Bank SA/NV ("Euroclear") and Clearstream Banking S.A. ("Clearstream, Luxembourg").
Notes in registered form will be represented by registered certificates (each a "Certificate"), one Certificate being issued in respect of each Noteholder's entire holding of Registered Notes of one Series. Registered Notes
issued in global form will be represented by registered global certificates ("Global Certificates"). If a Global Certificate is held under the New Safekeeping Structure (the "NSS"), the Global Certificate will be delivered
on or prior to the original issue date of the relevant Tranche to a Common Safekeeper for Euroclear and Clearstream, Luxembourg. Global Notes which are not issued in NGN form ("Classic Global Notes" or "CGNs")
and Global Certificates which are not held under the NSS may (or in the case of Notes listed on the Luxembourg Stock Exchange will) be deposited on the issue date of the relevant Tranche with a common depositary on
behalf of Euroclear and Clearstream Luxembourg (the "Common Depositary").
Notes issued by HFUS will initially be represented by a temporary Global Certificate (each a "Temporary Global Certificate"), without coupons. Beneficial interests in each Temporary Global Certificate may be
exchanged for beneficial interests in a permanent Global Certificate (each a "Permanent Global Certificate"), without coupons after the expiration of the period ending 40 days after the issue date of the relevant Tranche
(the "Distribution Compliance Period") upon certification that the beneficial owner of such Temporary Global Certificate is not a "U.S. person" as such term is used in Regulation S under the United States Securities
Act of 1933 (the "Securities Act") or upon certification that such beneficial owner is a U.S. person who purchased its interest in the Notes in a transaction exempt from the registration requirements of the Securities Act.
The provisions governing the exchange of interests in Global Notes for other Global Notes and definitive Notes are described in "Overview of Provisions Relating to the Notes while in Global Form".
As at the date of this Prospectus: (i) the Programme has been rated BBB+ by S&P Global Ratings UK Ltd ("S&P") and Baa1 by Moody's Deutschland GmbH ("Moody's"), and (ii) the long-term senior obligations of
each of Holcim Ltd, HFL, HUSFL, HFUS, HHFL and HSFN have been rated BBB+ by S&P and Baa1 by Moody's. Moody's is established in the European Union (the "EU") and registered under Regulation (EC) No
1060/2009 (as amended, the "CRA Regulation"). S&P is not established in the EU but the ratings it has given to the Programme and each of Holcim Ltd, HFL, HUSFL, HFUS, HHFL and HSFN are endorsed by S&P
Global Ratings Europe Ltd, which is established in the EU and registered under the CRA Regulation. Further information relating to the registration of rating agencies under the CRA Regulation can be found on the website
of the European Securities and Markets Authority. Tranches of Notes to be issued under the Programme may be rated or unrated. Where a Tranche of Notes is rated, such rating will not necessarily be the same as the rating
assigned to the Programme. Where a Tranche of Notes is rated, the applicable rating(s) will be specified in the relevant Final Terms. A security rating is not a recommendation to buy, sell or hold securities and may be
subject to supervision, reduction or withdrawal at any time by the assigning rating agency. Prospective investors should have regard to the factors described under the section headed "Risk Factors" in this Prospectus. The
Prospectus and all documents incorporated by reference herein as set out in "Documents Incorporated by Reference" will be published in electronic form on the website of the Luxembourg Stock Exchange (www.luxse.com)
and each Issuer (www.holcim.com/bond-documents-emtn). All documents incorporated by reference herein as set out in "Additional Documents Incorporated by Reference" will be published in electronic form on the
website of each Issuer (www.holcim.com/bond-documents-emtn).
Arranger
BNP PARIBAS
Dealers
BNP PARIBAS
ING
MIZUHO
NATWEST MARKETS
SOCIÉTÉ GÉNÉRALE CORPORATE & INVESTMENT
UBS INVESTMENT BANK
BANKING
UNICREDIT
The date of this prospectus is 3 August 2023.


This Prospectus is a base prospectus which comprises five base prospectuses in respect of HFL, HUSFL, HFUS,
HSFN and Holcim Ltd for the purposes of Article 8 of the Prospectus Regulation. This Prospectus is a base
prospectus within the meaning of article 45 of the FinSA with respect to Notes issued by HHFL and Notes
issued by Holcim Ltd. This Prospectus contains information with regard to HFL, HUSFL, HFUS, HHFL, HSFN
and Holcim Ltd (each an "Obligor" and together the "Obligors") and the Guarantor and its consolidated
subsidiaries taken as a whole (together, the "Group" or "Holcim") which, according to the particular nature of
each Obligor and the Guarantor and the Notes, is necessary to enable investors to make an informed assessment
of the assets and liabilities, financial position, profits and losses and prospects of the Relevant Issuer (as defined
below).
The Guarantor confirms that to the best of its knowledge and belief the information contained in the Prospectus
is true and accurate in all material respects, and that the Prospectus is not misleading and that there are no other
facts the omission of which would in the context of the issue of Notes make any statement herein, whether of
fact or opinion, misleading in any material respect. The Guarantor accepts responsibility for the Prospectus and
the Final Terms relating to each Tranche of Notes under the Programme.
Each of HFL (in respect of itself) and the Guarantor confirms that to the best of its knowledge and belief the
information contained in the HFL Prospectus regarding HFL, the Guarantor, the Group and the Notes, which is
material in the context of the issue of the Notes, is true and accurate in all material respects, that the HFL
Prospectus is not misleading and that there are no other facts the omission of which would in the context of the
issue of the Notes make any statement herein, whether of fact or opinion, misleading in any material respect.
Each of HFL and the Guarantor accepts responsibility for the HFL Prospectus and the Final Terms relating to
each Tranche of Notes for which HFL is the Relevant Issuer accordingly. The HFL Prospectus comprises this
Prospectus with the exception of the information contained in the sections entitled "Holcim US Finance
(Luxembourg) S.A.", "Holcim Finance US LLC", "Holcim Helvetia Finance Ltd", "Holcim Sterling Finance
(Netherlands) B.V." and paragraphs (1) to (5) and (13) to (15) in the section entitled "General Information" to
the extent that it relates to HUSFL, HFUS, HHFL and HSFN.
Each of HUSFL (in respect of itself) and the Guarantor confirms that to the best of its knowledge and belief the
information contained in the HUSFL Prospectus regarding HUSFL, the Guarantor, the Group and the Notes,
which is material in the context of the issue of the Notes, is true and accurate in all material respects, that the
HUSFL Prospectus is not misleading and that there are no other facts the omission of which would in the context
of the issue of the Notes make any statement herein, whether of fact or opinion, misleading in any material
respect. Each of HUSFL and the Guarantor accepts responsibility for the HUSFL Prospectus and the Final
Terms relating to each Tranche of Notes for which HUSFL is the Relevant Issuer accordingly. The HUSFL
Prospectus comprises this Prospectus with the exception of the information contained in the sections entitled
"Holcim Finance (Luxembourg) S.A.", "Holcim Finance US LLC", "Holcim Helvetia Finance Ltd", "Holcim
Sterling Finance (Netherlands) B.V." and paragraphs (1) to (5) and (13) to (15) in the section entitled "General
Information" to the extent that it relates to HFL, HFUS, HHFL and HSFN.
Each of HFUS (in respect of itself) and the Guarantor confirms that to the best of its knowledge and belief the
information contained in the HFUS Prospectus regarding HFUS, the Guarantor, the Group and the Notes, which
is material in the context of the issue of the Notes, is true and accurate in all material respects, that the HFUS
Prospectus is not misleading and that there are no other facts the omission of which would in the context of the
issue of the Notes make any statement herein, whether of fact or opinion, misleading in any material respect.
Each of HFUS and the Guarantor accepts responsibility for the HFUS Prospectus and the Final Terms relating
to each Tranche of Notes for which HFUS is the Relevant Issuer accordingly. The HFUS Prospectus comprises
this Prospectus with the exception of the information contained in the sections entitled "Holcim Finance
(Luxembourg) S.A.", "Holcim US Finance (Luxembourg) S.A.", "Holcim Helvetia Finance Ltd", "Holcim
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Sterling Finance (Netherlands) B.V." and paragraphs (1) to (5) and (13) to (15) in the section entitled "General
Information" to the extent that it relates to HFL, HUSFL, HHFL and HSFN.
Each of HHFL (in respect of itself) and the Guarantor confirms that to the best of its knowledge and belief the
information contained in the HHFL Prospectus regarding HHFL, the Guarantor, the Group and the Notes, which
is material in the context of the issue of the Notes, is true and accurate in all material respects, that the HHFL
Prospectus is not misleading and that there are no other facts the omission of which would in the context of the
issue of the Notes make any statement herein, whether of fact or opinion, misleading in any material respect.
Each of HHFL and the Guarantor accepts responsibility for the HHFL Prospectus and the Final Terms relating
to each Tranche of Notes for which HHFL is the Relevant Issuer accordingly. The HHFL Prospectus comprises
this Prospectus with the exception of the information contained in the sections entitled "Holcim Finance
(Luxembourg) S.A.", "Holcim US Finance (Luxembourg) S.A.", "Holcim Finance US LLC", "Holcim Sterling
Finance (Netherlands) B.V." and paragraphs (1) to (5) and (13) to (15) in the section entitled "General
Information" to the extent that it relates to HFL, HUSFL, HFUS and HSFN.
Each of HSFN (in respect of itself) and the Guarantor confirms that to the best of its knowledge and belief the
information contained in the HSFN Prospectus regarding HSFN, the Guarantor, the Group and the Notes, which
is material in the context of the issue of the Notes, is true and accurate in all material respects, that the HSFN
Prospectus is not misleading and that there are no other facts the omission of which would in the context of the
issue of the Notes make any statement herein, whether of fact or opinion, misleading in any material respect.
Each of HSFN and the Guarantor accepts responsibility for the HSFN Prospectus and the Final Terms relating
to each Tranche of Notes for which HSFN is the Relevant Issuer accordingly. The HSFN Prospectus comprises
this Prospectus with the exception of the information contained in the sections entitled "Holcim Finance
(Luxembourg) S.A.", "Holcim US Finance (Luxembourg) S.A.", "Holcim Finance US LLC", "Holcim Helvetia
Finance Ltd" and paragraphs (1) to (5) and (13) to (15) in the section entitled "General Information" to the
extent that it relates to HFL, HUSFL, HHFL and HFUS.
Holcim Ltd confirms that to the best of its knowledge and belief the information contained in this Prospectus
regarding the Obligors, the Guarantor, the Group and the Notes, which is material in the context of the issue of
the Notes, is true and accurate in all material respects, that this Prospectus is not misleading and that there are
no other facts the omission of which would in the context of the issue of the Notes make any statement herein,
whether of fact or opinion, misleading in any material respect. Holcim Ltd accepts responsibility for the
Prospectus and the Final Terms relating to each Tranche of Notes for which Holcim Ltd is the Relevant Issuer
accordingly.
In this Prospectus, references to the "Issuer" are to either HFL, HUSFL, HFUS, HHFL, HSFN or Holcim Ltd,
as the case may be, as the issuer or proposed issuer of Notes under the Programme as specified in the relevant
Final Terms and references to the "Relevant Issuer" shall be construed accordingly and references to the
"Arranger" are to BNP Paribas. BNP Paribas, ING Bank N.V., Mizuho Securities Europe GmbH, NatWest
Markets N.V., NatWest Markets Plc, Société Générale, UBS AG London Branch and UniCredit Bank AG are
the dealers under the Programme (together the "Dealers" and each a "Dealer").
This Prospectus has been prepared on the basis that any offer of Notes in any Member State of the European
Economic Area (the "EEA") will be made pursuant to an exemption under the Prospectus Regulation from the
requirement to publish a prospectus for offers of Notes and any offer of Notes in the United Kingdom will be
made pursuant to an exemption under the Prospectus Regulation as it forms part of United Kingdom domestic
law by virtue of the European Union (Withdrawal) Act 2018 (the "EUWA") (the "UK Prospectus Regulation")
from the requirement to publish a prospectus for offers of Notes. Accordingly, any person making or intending
to make an offer in that Member State or the United Kingdom of Notes which are the subject of an offering
contemplated in this Prospectus as completed by final terms in relation to the offer of those Notes may only do
so in circumstances in which no obligation arises for the Relevant Issuer or any Dealer to publish a prospectus
3


pursuant to Article 3 of the Prospectus Regulation (or the UK Prospectus Regulation, as the case may be) or
supplement a prospectus pursuant to Article 23 of the Prospectus Regulation (or the UK Prospectus Regulation,
as the case may be), in each case, in relation to such offer. Neither the Relevant Issuer nor any Dealer has
authorised, nor do they authorise, the making of any offer of Notes in circumstances in which an obligation
arises for the Relevant Issuer or any Dealer to publish or supplement a prospectus for such offer.
This Prospectus is to be read in conjunction with all documents which are incorporated herein by reference (see
"Documents Incorporated by Reference" and (in relation to Notes to be issued by HHFL (including but not
limited to Notes which are publicly offered in Switzerland and/or with respect to which an application will be
made for admission to trading on the SIX Swiss Exchange (or any other trading venue (exchange or multilateral
trading facility) in Switzerland)) only) "Additional Documents Incorporated by Reference" below).
MiFID II PRODUCT GOVERNANCE / TARGET MARKET ­ The Final Terms in respect of any Notes
may include a legend entitled "MiFID II Product Governance" which may outline the target market assessment
in respect of the Notes and which channels for distribution of the Notes are appropriate. Any person
subsequently offering, selling or recommending any such Notes (a "distributor") should take into consideration
the target market assessment; however, a distributor subject to Directive 2014/65/EU (as amended, "MiFID
II") is responsible for undertaking its own target market assessment in respect of such Notes (by either adopting
or refining the target market assessment) and determining appropriate distribution channels. A determination
will be made in relation to each issue about whether, for the purpose of the MiFID Product Governance rules
under EU Delegated Directive 2017/593 (the "MiFID Product Governance Rules"), any Dealer subscribing
for any Notes is a manufacturer in respect of such Notes, but otherwise neither the Arranger nor the Dealers nor
any of their respective affiliates will be a manufacturer for the purpose of the MiFID Product Governance Rules.
UK MiFIR PRODUCT GOVERNANCE / TARGET MARKET ­ The Final Terms in respect of any Notes
may include a legend entitled "UK MiFIR Product Governance" which will outline the target market assessment
in respect of the Notes and which channels for distribution of the Notes are appropriate. Any distributor should
take into consideration the target market assessment; however, a distributor subject to the FCA Handbook
Product Intervention and Product Governance Sourcebook (the "UK MiFIR Product Governance Rules") is
responsible for undertaking its own target market assessment in respect of the Notes (by either adopting or
refining the target market assessment) and determining appropriate distribution channels. A determination will
be made in relation to each issue about whether, for the purpose of the UK MiFIR Product Governance Rules,
any Dealer subscribing for any Notes is a manufacturer in respect of such Notes, but otherwise neither the
Arranger nor the Dealers nor any of their respective affiliates will be a manufacturer for the purpose of the UK
MIFIR Product Governance Rules.
PRIIPS / IMPORTANT ­ EEA RETAIL INVESTORS ­ If the Final Terms in respect of any Notes includes
a legend entitled "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 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 MiFID II; (ii) a customer within the meaning of Directive (EU) 2016/97
(as amended, the "IDD"), 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 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.
PRIIPS / IMPORTANT ­ UNITED KINGDOM RETAIL INVESTORS ­ If the Final Terms in respect of
any Notes include a legend entitled "Prohibition of Sales to United Kingdom Retail Investors", the Notes are
not intended to be offered, sold or otherwise made available to and should not be offered, sold or otherwise
4


made available to any retail investor in the United Kingdom. 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 United Kingdom domestic law by virtue of the EUWA; (ii) a customer within the meaning
of the provisions of the Financial Services and Markets Act 2000 (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
United Kingdom domestic law by virtue of the EUWA ("UK MiFIR"); or (iii) not a qualified investor as defined
in Article 2 of the Prospectus Regulation as it forms part of United Kingdom domestic law by virtue of the
EUWA (the "UK Prospectus Regulation"). Consequently, no key information document required by the
PRIIPs Regulation as it forms part of United Kingdom 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
United Kingdom has been prepared and therefore offering or selling the Notes or otherwise making them
available to any retail investor in the United Kingdom may be unlawful under the UK PRIIPs Regulation.
NOTES MAY NOT BE A SUITABLE INVESTMENT FOR ALL INVESTORS. Each potential investor in
any Notes must determine the suitability of that investment in light of its own circumstances. In particular, each
potential investor should:
(i)
have sufficient knowledge and experience to make a meaningful evaluation of the relevant Notes, the
merits and risks of investing in the relevant Notes and the information contained or incorporated by
reference in this Prospectus or any applicable supplement;
(ii)
have access to, and knowledge of, appropriate analytical tools to evaluate, in the context of its particular
financial situation, an investment in the relevant Notes and the impact such investment will have on its
overall investment portfolio;
(iii)
have sufficient financial resources and liquidity to bear all of the risks of an investment in the relevant
Notes, including where the currency for principal or interest payments is different from the potential
investor's currency;
(iv)
understand thoroughly the terms of the relevant Notes and be familiar with the behaviour of any relevant
indices and financial markets; and
(v)
be able to evaluate (either alone or with the help of a financial adviser) possible scenarios for economic,
interest rate and other factors that may affect its investment and its ability to bear the applicable risks.
Some Notes are complex financial instruments and such instruments may be purchased as a way to reduce risk
or enhance yield with an understood, measured and appropriate addition of risk to their overall portfolios. A
potential investor should not invest in Notes which are complex financial instruments unless it has the expertise
(either alone or with the help of a financial adviser) to evaluate how the Notes will perform under changing
conditions, the resulting effects on the value of such Notes and the impact this investment will have on the
potential investor's overall investment portfolio.
No person 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 any of the Obligors or any of the Dealers
or the Arranger. 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 or any change in the
financial position of any of the Obligors since the date hereof or the date upon which this Prospectus has been
most recently amended or supplemented 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.
5


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 Obligors, the Dealers and the
Arranger 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 (the "Securities Act") and include Notes in bearer
form that are subject to U.S. tax law requirements. Subject to certain exceptions, Notes may not be offered, sold
or delivered within the United States or to U.S. persons. For a description of certain restrictions on offers and
sales of Notes and on distribution of this Prospectus, see "Subscription and Sale" below. This Prospectus does
not constitute an offer of, or an invitation by or on behalf of any Obligor, the Arranger or the Dealers to subscribe
for, or purchase, any Notes.
Singapore SFA Product Classification: In connection with Section 309B of the Securities and Futures Act 2001
(2020 Revised Edition) of Singapore (the "SFA") and the Securities and Futures (Capital Markets Products)
Regulations 2018 of Singapore (the "CMP Regulations 2018"), unless otherwise specified before an offer of
Notes, the Issuer has determined, and hereby notifies all relevant persons (as defined in Section 309A(1) of the
SFA), that the Notes are `prescribed capital markets products' (as defined in the CMP Regulations 2018) and
Excluded Investment Products (as defined in MAS Notice SFA 04-N12: Notice on the Sale of Investment
Products and MAS Notice FAA-N16: Notice on Recommendations on Investment Products).
INFORMATION RELATING TO "GREEN NOTES" AND SUSTAINABILITY-LINKED NOTES
If so specified in the relevant Final Terms, the Relevant Issuer may issue Notes which are categorised as "Green
Notes". It is intended by the Relevant Issuer that an amount equal to the net proceeds of an issuance of Green
Notes will be applied for the purposes of financing and/or refinancing, in whole or in part, Eligible Green
Projects (as defined in the "Use of Proceeds" section of the Prospectus). In such circumstances, prospective
investors should have regard to the information set out, or referred to, under the section of the Base Prospectus
headed "Use of Proceeds" and/or paragraph "Reasons for the offer ­ Use of Proceeds" of the relevant Final
Terms and must determine for themselves the relevance of such information, together with any other
investigation such investors deem necessary, for the purpose of any investment in such Notes and its suitability
also in light of their own circumstances. While it is the intention of the Relevant Issuer of any Notes which are
categorised as "Green Notes" to apply an amount equal to the net proceeds of any such Notes to Eligible Green
Projects in, or substantially in, the manner described in the Final Terms relating to any specific Tranche of
Notes, there can be no assurance that the relevant project(s) or use(s) the subject of, or related to, any Eligible
Green Projects will be capable of being implemented in or substantially in such manner and/or in accordance
with any timing schedule and that accordingly such amount equal to the proceeds of the such Notes will be
totally or partially disbursed for the specified Eligible Green Projects, nor can there be any assurance that such
Eligible Green Projects will be completed within any specified period or at all or with the results or outcome
(whether or not related to the environment) as originally expected or anticipated by the Relevant Issuer. Any
such event or failure by the Relevant Issuer will not constitute an Event of Default under the Notes or give rise
to any claims by any investor against the Issuers, the Arranger or any of the Dealers.
In connection with the issue of "Green Notes" and Sustainability-Linked Notes (as defined herein) under the
Programme, the Relevant Issuer or the Guarantor may request a recognised environmental, social and
governance agency to issue a second party opinion. In addition, in connection with the issue of Sustainability-
Linked Notes under the Programme, Holcim Ltd will engage an External Verifier (as defined herein) to carry
out the relevant assessments required for the purposes of providing a Limited Assurance Report (as defined
herein) in relation to such Sustainability-Linked Notes pursuant to Condition 5(l). Each such second party
opinion or Limited Assurance Report will be accessible through the Group's website at www.holcim.com.
However any information on, or accessible through, the Group's website and the information in such
opinions or report or any past or future Limited Assurance Report does not form part of this Prospectus
except where that information has been incorporated by reference into this Prospectus, and should not
6


be relied upon in connection with making any investment decision with respect to any Notes to be issued
under the Programme. In addition, no assurance or representation is given by the Issuers, the Guarantor,
the Arranger, the Dealers, any second party opinion providers or the External Verifier as to the suitability
or reliability for any purpose whatsoever of any opinion, report, certification or validation of any third
party in connection with the offering of any Sustainability-Linked Notes or Green Notes under the
Programme or the Sustainability Performance Target (as defined herein) to fulfil any green, social,
sustainability, sustainability-linked and/or other criteria. Any such opinion, report or certification is not,
nor shall it be deemed to be, incorporated in and/or form part of this Prospectus.
In the event any such Notes are, or are intended to be, listed, or admitted to trading on a dedicated "green",
"sustainable", "social" or other equivalently-labelled segment of a stock exchange or securities market, no
representation or assurance is given by the Dealers that such listing or admission will be obtained or maintained
for the lifetime of the Notes. Neither the Arranger nor the Dealers is responsible for the use of proceeds for any
Notes issued as a "Green Note", nor the impact or monitoring of such use of proceeds. Neither the Arranger nor
the Dealers are responsible for the assessment of the Sustainable Finance Framework (as defined herein),
including the assessment of the applicable eligibility criteria in relation to Green Notes. The Arranger and the
Dealers have not separately verified all the information contained in this Prospectus. None of the Dealers or the
Arranger makes any representation, express or implied, or accepts any responsibility, with respect to the
accuracy or completeness of any of the information in this Prospectus. Neither this Prospectus nor any other
financial statements are intended to provide the basis of any credit or other evaluation and should not be
considered as a recommendation by any of the Obligors, the Arranger or the Dealers that any recipient of this
Prospectus or any other financial statements should purchase the Notes. Each potential purchaser of Notes
should determine for itself the relevance of the information contained in this Prospectus and its purchase of
Notes should be based upon such investigation as it deems necessary. None of the Dealers or the Arranger
undertakes to review the financial condition or affairs of any of the Obligors during the life of the arrangements
contemplated by this Prospectus nor to advise any investor or potential investor in the Notes of any information
coming to the attention of any of the Dealers or the Arranger.
Certain financial and statistical information in this Prospectus has been subject to rounding adjustments.
Accordingly, the sum of certain data may not conform to the total. In addition, all financial information in this
Prospectus is qualified by reference to, and should be read in conjunction with, the consolidated financial
statements (see "Documents Incorporated by Reference" below).
In this Prospectus, unless otherwise specified or the context otherwise requires, references to "", "EUR",
"Euro" and "euro" are to the single currency of those member states of the EU participating in the third stage
of the European economic and monetary union from time to time as amended, references to "U.S.$" or "USD"
are to United States dollars, references to "GBP" and "Sterling" are to pounds sterling and references to "CHF"
are to Swiss francs.
In connection with the issue of any Tranche of Notes, one or more relevant Dealers (in such capacity, the
"Stabilising Manager(s)") (or any person acting on behalf of any Stabilising Manager(s)) may over-allot Notes
or effect transactions with a view to supporting the market price of the Notes at a level higher than that which
might otherwise prevail. However, there is no assurance that the Stabilising Manager(s) (or any person acting
on behalf of any Stabilising Manager) will undertake stabilisation action. Any stabilisation action may begin on
or after the date on which adequate public disclosure of the final terms of the offer of the relevant Tranche is
made and, if begun, may be ended at any time, but it must end no later than the earlier of 30 days after the issue
date of the relevant Tranche and 60 days after the date of the allotment of the relevant Tranche. Any stabilisation
action or over-allotment must be conducted by the relevant Stabilising Manager(s) or person(s) acting on behalf
of any Stabilising Manager(s) in accordance with all applicable laws and rules.
7


This Prospectus contains certain forward-looking statements. A forward-looking statement is a statement that
does not relate to historical facts and events. They are based on analyses or forecasts of future results and
estimates of amounts not yet determinable or foreseeable. These forward-looking statements are identified by
the use of terms and phrases such as "anticipate", "believe", "could", "estimate", "expect", "intend", "may",
"plan", "predict", "project", "will" and similar terms and phrases, including references and assumptions. This
applies, in particular, to statements in this Prospectus containing information on future earning capacity, plans
and expectations regarding the Group's business and management, its growth and profitability, and general
economic and regulatory conditions and other factors that affect it.
Forward-looking statements in this Prospectus are based on current estimates and assumptions that Holcim
makes to the best of its present knowledge. These forward-looking statements are subject to risks, uncertainties
and other factors which could cause actual results, including the Group's financial condition and results of
operations, to differ materially from and be worse than results that have expressly or implicitly been assumed
or described in these forward-looking statements. The Group's business is also subject to a number of risks and
uncertainties that could cause a forward-looking statement, estimate or prediction in this Prospectus to become
inaccurate. Accordingly, investors are strongly advised to read the following sections of this Prospectus: "Risk
Factors", "Documents Incorporated by Reference", (in relation to Notes to be issued by HHFL only)
"Additional Documents Incorporated by Reference", "General Description of the Programme" and "Business".
These sections include more detailed descriptions of factors that might have an impact on the Group's business
and the markets in which it operates. In light of these risks, uncertainties and assumptions, future events
described in this Prospectus may not occur.
In addition, none of the Issuers, the Guarantor or the Dealers assume any obligation, except as required by law,
to update any forward-looking statement or to conform these forward-looking statements to actual events or
developments.
BENCHMARKS REGULATION ­ Amounts payable under the Notes may be calculated by reference to the
Euro Interbank Offered Rate ("EURIBOR"), the Sterling Overnight Index Average ("SONIA"), the Secured
Overnight Financing Rate ("SOFR"), the Euro Short-term Rate ("STR") or the Swiss Average Rate Overnight,
which are provided by the European Money Markets Institute ("EMMI") (as administrator of EURIBOR), the
Bank of England (as administrator of SONIA), the Federal Reserve Bank of New York (as administrator of
SOFR), the European Central Bank (as administrator of STR) and SIX Index AG (as administrator of the Swiss
Average Rate Overnight). As at the date of this Prospectus, EMMI and SIX Index AG appear in the European
Securities and Markets Authority ("ESMA")'s register of administrators and benchmarks under Article 36 of
Regulation (EU) No. 2016/1011 (as amended, the "BMR"). As at the date of this Prospectus, ICE, the Bank of
England, the Federal Reserve Bank of New York and the European Central Bank do not appear in ESMA's
register of administrators and benchmarks under Article 36 of the BMR. As far as the Issuers and the Guarantor
are aware, the transitional provisions in Article 51 of the BMR apply, such that ICE is not currently required to
obtain recognition, endorsement or equivalence. As far as the Issuers and the Guarantor are aware, the Bank of
England (as administrator of SONIA), the Federal Reserve Bank of New York (as administrator of SOFR) and
the European Central Bank (as administrator of STR) are not required to be registered by virtue of Article 2
of the BMR.
Other than in relation to the documents which are deemed to be incorporated by reference (see "Documents
Incorporated by Reference" and (in relation to Notes to be issued by HHFL only) "Additional Documents
Incorporated by Reference" below), references to websites or uniform resource locators ("URLs") in this
Prospectus are inactive textual references. The information on any such website or URL does not form part of
this Prospectus and has not been scrutinised or approved by the CSSF or the Swiss Review Body.
8


TABLE OF CONTENTS
Page
GENERAL DESCRIPTION OF THE PROGRAMME ....................................................................................10
RISK FACTORS ...............................................................................................................................................23
DOCUMENTS INCORPORATED BY REFERENCE .....................................................................................52
ADDITIONAL DOCUMENTS INCORPORATED BY REFERENCE ...........................................................60
PROSPECTUS SUPPLEMENT .......................................................................................................................62
TERMS AND CONDITIONS OF THE NOTES ..............................................................................................63
OVERVIEW OF PROVISIONS RELATING TO THE NOTES WHILE IN GLOBAL FORM .................... 116
FORM OF GUARANTEE ..............................................................................................................................123
USE OF PROCEEDS ......................................................................................................................................127
THE GROUP'S SUSTAINABILITY PERFORMANCE TARGETS .............................................................129
HOLCIM FINANCE (LUXEMBOURG) S.A. ...............................................................................................134
HOLCIM US FINANCE (LUXEMBOURG) S.A. .........................................................................................136
HOLCIM FINANCE US LLC ........................................................................................................................138
HOLCIM HELVETIA FINANCE LTD ..........................................................................................................140
HOLCIM STERLING FINANCE (NETHERLANDS) B.V. ..........................................................................141
HOLCIM LTD .................................................................................................................................................142
THE GROUP'S BUSINESS ...........................................................................................................................143
TAXATION .....................................................................................................................................................147
SUBSCRIPTION AND SALE ........................................................................................................................157
FORM OF FINAL TERMS .............................................................................................................................166
GENERAL INFORMATION ..........................................................................................................................186
REGISTERED OFFICES................................................................................................................................192
9


GENERAL DESCRIPTION OF THE PROGRAMME
This overview constitutes a general description of the Programme for the purposes of Article 25(1) of
Commission Delegated Regulation (EU) 2019/980 and any decision to invest in the Notes should be based on
a consideration of this Prospectus as a whole, including the documents incorporated by reference. This
overview is therefore qualified in its entirety by the remainder of the Prospectus.
In relation to Notes to be publicly offered in Switzerland and/or with respect to which application will be made
for admission to trading and listing on the SIX Swiss Exchange (or any other trading venue (exchange or
multilateral trading facility) in Switzerland), for the purposes of the Swiss Financial Services Act of 15 June
2018 (as amended, the "FinSA"), this overview constitutes a summary within the meaning of articles 40(3)
and 43 thereof. This overview should be read as an introduction to the Prospectus. Any decision to invest in
the Notes should be based on a consideration of this Prospectus as a whole, including the documents
incorporated by reference, as completed, modified, supplemented and/or replaced by the relevant Final Terms.
This overview is therefore qualified in its entirety by the remainder of the Prospectus and the relevant Final
Terms. Potential investors in Notes should be aware that liability under article 69 of the FinSA for any false
or misleading information contained in this overview is limited to any such information that is false or
misleading when read together with, or that is inconsistent with, the other parts of this Prospectus, as
completed, modified, supplemented and/or replaced by the information set out in the applicable Final Terms.
Issuers:
Holcim Finance (Luxembourg) S.A., Holcim US Finance
(Luxembourg) S.A., Holcim Finance US LLC, Holcim Helvetia
Finance Ltd, Holcim Sterling Finance (Netherlands) B.V. and
Holcim Ltd.
Website:
The website of each Issuer and the Guarantor is
www.holcim.com.
Guarantor:
Holcim Ltd, in respect of Notes issued by Holcim Finance
(Luxembourg) S.A., Holcim US Finance (Luxembourg) S.A.,
Holcim Finance US LLC, Holcim Helvetia Finance Ltd and
Holcim Sterling Finance (Netherlands) B.V.
Description of Holcim Ltd:
Holcim Ltd was registered as a corporation under Swiss law
under the name "Holderbank Financière Glaris Ltd." in the
Commercial Register of the Canton of Glarus, Switzerland, on 4
August 1930 under number CHE-100.136.893 (formerly
160.3.003.050-5 under the Commercial Register's prior filing
system) with unlimited duration. As of 18 May 2001, the
company changed its name to "Holcim Ltd" and moved its
registered office to Rapperswil-Jona and was registered with the
Commercial Register of the Canton of St. Gall, Switzerland. As
of 10 July 2015, Holcim Ltd completed its merger with Lafarge
S.A. and changed its name to "LafargeHolcim Ltd". As of 4 May
2021, LafargeHolcim Ltd changed its name to "Holcim Ltd",
moved its registered office to Zug and is registered with the
Commercial Register of the Canton of Zug, Switzerland.
The registered office of Holcim Ltd is at Grafenauweg 10, 6300
Zug, Switzerland and its telephone number is +41 58 858 5858.
Legal Entity Identifier: 529900EHPFPYHV6IQO98.
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Document Outline