Obligation Unibail-Rodamco-Westfield 1.125% ( FR0013332988 ) en EUR

Unibail-Rodamco-Westfield

100 % ⇌

France

FR0013332988 ( en EUR )

1.125% par an ( paiement annuel )

15/09/2025 - Obligation échue

Prospectus brochure de l'obligation UNIBAIL RODAMCO SE FR0013332988 en EUR 1.125%, échue

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Unibail-Rodamco-Westfield SE est une société immobilière cotée en bourse spécialisée dans la conception, le développement et la gestion de grands centres commerciaux et de propriétés de bureaux haut de gamme en Europe et aux États-Unis.

L'instrument de dette de type obligation, identifié par le code ISIN FR0013332988 et émis par UNIBAIL RODAMCO SE, une société européenne de premier plan spécialisée dans l'immobilier commercial, propriétaire, développeur et gestionnaire de centres commerciaux de destination, d'actifs de bureaux et de sites de congrès et d'expositions en Europe et en Amérique du Nord, et dont le pays d'émission est la France, affichait un taux d'intérêt nominal de 1,125% avec une fréquence de paiement annuelle du coupon, ayant été remboursé à sa valeur nominale de 100% en euros (EUR) à sa date de maturité, le 15 septembre 2025, marquant ainsi la clôture de son cycle de vie financière.

FINAL TERMS

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 European Economic Area (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 Directive 2014/65/EU (as amended, "MiFID II"); or (ii) a customer within the
meaning of Directive 2002/92/EC (as amended), where that customer would not qualify as a
professional client as defined in point (10) of Article 4(1) of MiFID II. 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 retail investors in the EEA may be unlawful under the PRIIPs Regulation.
MIFID II PRODUCT GOVERNANCE / PROFESSIONAL INVESTORS AND ECPS ONLY
TARGET MARKET Solely for the purposes of each manufacturer's product approval process, the
target market assessment in respect of the Notes, taking into account the five categories referred to in
item 18 of the Guidelines published by ESMA on 5 February 2018 has led to the conclusion that: (i)
the target market for the Notes are eligible counterparties and professional clients only, each as
defined in Directive 2014/65/EU (as amended, "MiFID II"); and (ii) all channels for distribution of
the Notes to eligible counterparties and professional clients are appropriate. Any person subsequently
offering, selling or recommending the Notes (a "distributor") should take into consideration the
manufacturers' target market assessment; however, a distributor subject to MiFID II is responsible
for undertaking its own target market assessment in respect of the Notes (by either adopting or
refining the manufacturers' target market assessment) and determining appropriate distribution
channels.
11 May 2018
UNIBAIL-RODAMCO SE
Issue of EUR 800,000,000 1.125 per cent. Notes due 15 September 2025
Guaranteed by WFD Unibail-Rodamco N.V.
Under the EURO 20,000,000,000
Guaranteed Euro Medium Term Note Programme
PART A CONTRACTUAL TERMS
Terms used herein shall be deemed to be defined as such for the purposes of the Conditions set forth under the
heading "Terms and Conditions of the French Law Notes" in the Base Prospectus dated 26 April 2018 which
received visa no. 18-153 from the Autorité des marchés financiers (the "AMF") on 26 April 2018 which
constitutes a base prospectus for the purposes of Directive 2003/71/EC (the "Prospectus Directive") as
amended by Directive 2010/73/EC. This document constitutes the Final Terms of the Notes described herein for
the purposes of Article 5.4 of the Prospectus Directive and must be read in conjunction with such Base
Prospectus. Full information on the Issuer, the Guarantor and the offer of the Notes is only available on the basis
of the combination of these Final Terms and the Base Prospectus. The Base Prospectus is available for viewing
on the website of Issuer (www.unibail-rodamco.com) and on the website of the AMF at www.amf-france.org
and copies may be obtained from 7 Place du Chancelier Adenauer, CS 31622, 75772 Paris Cedex 16, France and
BNP Paribas Securities Services, Luxembourg Branch, 33, rue de Gasperich, Howald-Hesperange, L-2085
Luxembourg.

EMEA 117576950

1
(i)
Series Number:
114

(ii)
Tranche Number:
1
2
Specified Currency or Currencies:
Euro ("EUR")
3
Aggregate Nominal Amount:

(i) Series:
EUR 800,000,000

(ii) Tranche:
EUR 800,000,000
4
Issue Price:
99.771 per cent. of the Aggregate Nominal Amount
5
Specified Denominations:
EUR 100,000
6
(i)
Issue Date:
15 May 2018

(ii) Interest Commencement Date:
Issue Date
7
Maturity Date:
15 September 2025
8
Interest Basis:
1.125 % Fixed Rate
(see paragraph 12 below)
9
Change of Interest Basis:
Not Applicable
10
Put/Call Options:
Issuer Call
Make-whole Redemption
Clean-up Call
Acquisition Call Option
(See paragraphs 15, 16, 17 and 19 below)
11
Date of Board approval for issuance of Issuer Management Board: 11 December 2017
Notes and Guarantee obtained:
Guarantor Management Board: 5 April 2018

PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
12
Fixed Rate Note Provisions
Applicable

(i)
Rate of Interest:
1.125 per cent. per annum payable annually in arrear on each
Interest Payment Date

(ii)
Interest Payment Date(s):
15 September in each year commencing on 15 September
2018, not adjusted. There will be a short first coupon from,
and including, the Issue Date to, but excluding, the first
Interest Payment Date falling on 15 September 2018

(iii)
Fixed Coupon Amount:
EUR 1,125 per Specified Denomination

(iv)
Broken Amount(s):
EUR 379.11 per Specified Denomination payable on the
Interest Payment Date falling on 15 September 2018

(v)
Day Count Fraction:
Actual/Actual-ICMA

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(vi) Determination Dates:
15 September in each year

(vii)
Business Day Convention:
Not Applicable
13
Floating Rate Note Provisions
Not Applicable
14
Zero Coupon Note Provisions
Not Applicable
PROVISIONS RELATING TO REDEMPTION
15
Call Option
Applicable

(i)
Optional Redemption Dates:
At any time from and including the date which falls three
months prior to but excluding the Maturity Date

(ii)
Optional Redemption
EUR 100,000 per Specified Denomination
Amount(s) of each Note:

(iii)
If redeemable in part:
Not Applicable

(iv)
Notice period:
As per Conditions
16
Make-whole Redemption by the Applicable
Issuer

(i)
Notice period:
As set out in Condition 5(d)

(ii)
Parties to be notified (if other Not Applicable
than set out in Condition 5(d) of the
French Law Conditions):

(iii)
Reference Bond:
1 % Bundesobligationen of the Bundesrepublik Deutschland
(Bund) due 15 August 2025 with ISIN: DE0001102382

(iv)
Make-whole Margin:
0.15 per cent. per annum

(v) Make-whole Calculation Agent:
Aether Financial Services

(vi) Quotation Agent:
Société Générale

(vii) Reference Dealers:
As per Conditions
17
Clean-up Call Option
Applicable

(i)
Minimum Percentage:
20 per cent.

(ii)
Clean-up Call Amount:
EUR 100,000 per Specified Denomination

(iii)
Notice period:
As per Conditions
18
Put Option
Not Applicable
19
Acquisition Call Option
Applicable

Early Redemption Amount
EUR 101,000 per Specified Denomination

Acquisition Event Call Period
The period from, and including, the Issue Date to, but
excluding, 31 December 2018
20
Final Redemption Amount of each Subject to any purchase and cancellation or early redemption,
Note
the Notes will be redeemed on the Maturity Date at 100 per
cent. of their nominal amount

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21
Early Redemption Amount

(i)
Early Redemption Amount(s) EUR 100,000 per Specified Denomination
payable on redemption for taxation
reasons or on event of default:

(ii)
Redemption for taxation
Yes
reasons permitted on days other than
Interest Payment Dates:

(iii)
Unmatured Coupons to become Not Applicable
void upon early redemption:
GENERAL PROVISIONS APPLICABLE TO THE NOTES
22
Form of Notes:
Dematerialised Notes
Bearer form (au porteur)
23
New Global Note:
Not Applicable
24
Financial Centre(s):
Not Applicable
25
Talons for future Coupons or Receipts Not Applicable
to be attached to Definitive Notes (and
dates on which such Talons mature):

26
Details relating to Instalment Notes:
Not Applicable
27
Masse (Condition 10 of the Terms
and Conditions of the French Law
Notes):

(i)
Representative:
Aether Financial Services
36 rue de Monceau
75008 Paris
France

(ii)
Remuneration of
EUR 400 per annum
Representative:
28
Governing law:
The Notes and any non-contractual obligations arising out of or
in connection with the Notes will be governed by, and shall be
construed in accordance with, French law
29
Exclusion of the possibility to request Applicable
identification information of the
Noteholders as provided by
Condition 1(a)(i) of the French Law
Notes:
30
Prohibition of Sales to EEA Retail Applicable
Investors:

EMEA 117576950
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PART B OTHER INFORMATION
1
LISTING AND ADMISSION TO TRADING
(i)
Application has been made by the Issuer (or on its behalf) for the Notes to be listed on
Euronext Paris and admitted to trading on Euronext Paris with effect from the Issue Date.
(ii)
Estimate of total expenses related to admission to trading: EUR 10,700
2
RATINGS
Ratings:
The Notes to be issued are expected to be rated:
S & P: A (stable)
Moody's: A2 (stable)
Standard & Poor's Ratings Services and Moody's Investors
Services Ltd are established in the European Union and registered
under Regulation (EC) No 1060/2009, as amended by Regulation
(EU) No 513/2011. As such Standard & Poor's Ratings Services
and Moody's Investors Services Ltd are included in the list of credit
rating agencies published by the European Securities and Markets
Authority on its website in accordance with the CRA Regulation.
3
NOTIFICATION
Not Applicable.
4
INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE/OFFER
Save for any fees payable to the Managers and as described in the section entitled "Use of Proceeds" in
the Base Prospectus, so far as the Issuer is aware, no person involved in the offer of the Notes has an
interest material to the offer. The Managers and their affiliates have engaged, and may in the future
engage, in investment banking and/or commercial banking transactions with, and may perform other
services for, the Issuer and the Guarantor and their affiliates in the ordinary course of business.
5
USE OF PROCEEDS
The net proceeds from the issue of the Notes will be used for the general corporate purposes of the
Issuer, including the financing of the acquisition of Westfield.
6
YIELD
Indication of yield:
1.158 per cent. per annum calculated at the Issue Date on the basis
of the Issue Price. It is not an indication of future yield.
7
DISTRIBUTION
(i)
Method of
Syndicated
distribution:
(ii)
If syndicated:

(A)
Names of Managers:
Global Coordinators:
Crédit Agricole Corporate and Investment Bank
Deutsche Bank AG, London Branch
Goldman Sachs International
J.P. Morgan Securities plc
Société Générale

EMEA 117576950
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Joint Bookrunners:
Barclays Bank PLC
BNP Paribas
HSBC Bank plc
ING Bank N.V., Belgian Branch
Lloyds Bank plc
Merrill Lynch International
Mizuho International plc
MUFG Securities EMEA plc
Natixis
NatWest Markets Plc
RBC Europe Limited
UniCredit Bank AG

Co-Lead Managers:
ABN AMRO Bank N.V.
Banco Santander, S.A.
Banco Bilbao Vizcaya Argentaria, S.A.
Crédit Industriel et Commercial S.A.
Commerzbank Aktiengesellschaft
Credit Suisse Securities (Europe) Limited
Citigroup Global Markets Limited
Banca IMI S.p.A.
La Banque Postale
Skandinaviska Enskilda Banken AB (publ)
SMBC Nikko Capital Markets Limited
Svenska Handelsbanken AB
The Toronto-Dominion Bank

(B)
Stabilising Manager(s) Société Générale
if any:
(iii)
If non-syndicated, Not Applicable
name of Dealer:
(iv)
US Selling
Reg. S Compliance Category 2;
Restrictions (Categories of
potential investors to which the TEFRA not applicable
Notes are offered):
8
OPERATIONAL INFORMATION
ISIN Code:
FR0013332988
Common Code:
181960035
Other identification number:
Not Applicable
Any clearing system(s) other Euroclear France as central depositary
than Euroclear Bank SA/NV
and Clearstream Banking, S.A.
and the relevant identification
number(s):
Delivery:
Delivery against payment
Names and addresses of Not Applicable
additional Paying Agent(s) (if
any):

EMEA 117576950
7

Intended to be held in a manner Yes
which would allow Eurosystem
eligibility:
Note that the designation "yes" simply means that the Notes are
intended upon issue to be deposited with one of the 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 the ECB being satisfied that Eurosystem
eligibility criteria have been met.

EMEA 117576950
8