Obligation Ericsson Telefon AB 4.125% ( US294829AA48 ) en USD

Ericsson Telefon AB

100 % ▲

Suede

US294829AA48 ( en USD )

4.125% par an ( paiement semestriel )

14/05/2022 - Obligation échue

Prospectus brochure de l'obligation Telefonaktiebolaget L.M. Ericsson US294829AA48 en USD 4.125%, échue

1 000 USD

1 000 000 000 USD

294829AA4

BBB- ( Qualité moyenne inférieure )

Ba1 ( Spéculatif )

Telefonaktiebolaget L.M. Ericsson est une multinationale suédoise de télécommunications fournissant du matériel et des services pour les réseaux de téléphonie mobile, les réseaux fixes et les technologies de l'information et de la communication.

L'Obligation émise par Ericsson Telefon AB ( Suede ) , en USD, avec le code ISIN US294829AA48, paye un coupon de 4.125% par an.
Le paiement des coupons est semestriel et la maturité de l'Obligation est le 14/05/2022

L'Obligation émise par Ericsson Telefon AB ( Suede ) , en USD, avec le code ISIN US294829AA48, a été notée Ba1 ( Spéculatif ) par l'agence de notation Moody's.

L'Obligation émise par Ericsson Telefon AB ( Suede ) , en USD, avec le code ISIN US294829AA48, a été notée BBB- ( Qualité moyenne inférieure ) par l'agence de notation Standard & Poor's ( S&P ).

Final Prospectus Supplement to Prospectus dated April 23 2012
http://www.sec.gov/Archives/edgar/data/717826/000119312512207864/...
424B2 1 d336342d424b2.htm FINAL PROSPECTUS SUPPLEMENT TO PROSPECTUS DATED APRIL 23
2012
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CALCULATION OF REGISTRATION FEE

Proposed
Proposed
Amount
Maximum
Maximum
to be
Offering Price
Aggregate
Amount of
Title of Each Class of Securities Offered

Registered

Per Unit

Offering Price

Registration Fee
4.125% Senior Notes due 2022

$1,000,000,000
99.585%

$995,850,000

$114,124.41

(1) Calculated in accordance with Rule 457(r) of the Securities Act of 1933 and is being paid on a deferred basis in reliance of
Rule 456(b) and Rule 457(r) under the Securities Act of 1933.
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Filed Pursuant to Rule 424(b)(2)
Registration No. 333-180880
PROSPECTUS SUPPLEMENT
(To Prospectus dated April 23, 2012)

We are offering $1,000,000,000 aggregate principal amount of 4.125% Senior Notes due 2022 (the "notes"). Interest on the
notes will be payable in cash semi-annually in arrears on May 15 and November 15 of each year, beginning November 15, 2012. The
notes will mature on May 15, 2022.
We may redeem the notes in whole or in part at any time and from time to time at the applicable make-whole redemption price
set forth in this prospectus supplement. In addition, we may redeem all of the notes at any time at 100% of the principal amount in the
event of certain tax law changes requiring the payment of additional amounts as described herein. See "Description of Debt Securities
--Redemption upon Changes in Withholding Taxes" in the accompanying prospectus. We will pay accrued and unpaid interest, if any,
and any other amounts payable to the date of redemption. The notes will not be subject to any sinking fund requirement. See
"Description of Notes".
The notes will constitute our unsecured and unsubordinated obligations ranking pari passu, without any preference among
themselves, with all our other outstanding unsecured and unsubordinated obligations, present and future, except such obligations as
are preferred by operation of law.
We do not intend to list the notes on any securities exchange.

Investing in the notes involves certain risks. See "Risk Factors" on page S-7 of this prospectus
supplement and page 6 of the accompanying prospectus.

Proceeds to
Underwriting
Telefonaktiebolaget

Price to Public

Discount

LM Ericson (publ)
Per note

99.585%

0.450%

99.135%

Total

$995,850,000
$4,500,000
$ 991,350,000

Interest on the notes will accrue from the date of issuance, which is expected to be May 9, 2012.
Neither the Securities and Exchange Commission (the "SEC" or "Commission") nor any other regulatory body has
approved or disapproved of these securities or passed upon the accuracy or adequacy of this prospectus. Any representation
to the contrary is a criminal offense.
The underwriters expect to deliver the notes to purchasers in book-entry form only through the facilities of The Depository Trust
Company, or "DTC," for the accounts of its participants, including Clearstream Banking, société anonyme, or "Clearstream," and
Euroclear Bank S.A./N.V., or "Euroclear," against payment in New York, New York on or about May 9, 2012.

Joint Book-Running Managers

The date of this prospectus supplement is May 2, 2012.
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TABLE OF CONTENTS
PROSPECTUS SUPPLEMENT

Page
ABOUT THIS PROSPECTUS SUPPLEMENT
S-2

SUMMARY
S-3

THE OFFERING
S-4

RISK FACTORS
S-7

RATIO OF EARNINGS TO FIXED CHARGES
S-9

USE OF PROCEEDS
S-10
CAPITALIZATION
S-11
DESCRIPTION OF NOTES
S-12
UNDERWRITING
S-17
CLEARANCE AND SETTLEMENT
S-21
VALIDITY OF THE NOTES
S-22
PROSPECTUS

Page
ABOUT THIS PROSPECTUS

2

CAUTIONARY STATEMENT ABOUT FORWARD-LOOKING STATEMENTS

2

WHERE YOU CAN FIND MORE INFORMATION

3

INCORPORATION BY REFERENCE

4

ENFORCEABILITY OF CERTAIN CIVIL LIABILITIES

5

PROSPECTUS SUMMARY

5

RISK FACTORS

6

USE OF PROCEEDS

8

RATIO OF EARNINGS TO FIXED CHARGES

8

DESCRIPTION OF DEBT SECURITIES

8

LEGAL OWNERSHIP

18
CLEARANCE AND SETTLEMENT

20
TAXATION

24
PLAN OF DISTRIBUTION

28
VALIDITY OF SECURITIES

30
EXPERTS

30

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ABOUT THIS PROSPECTUS SUPPLEMENT
This document consists of two parts. The first part is this prospectus supplement, which describes the specific terms of our
offering of the notes. The second part is the accompanying prospectus, which provides more general information, some of which may
not be applicable to this offering. This prospectus supplement and the accompanying prospectus include important information about
us, the notes and other information you should know before investing. This prospectus supplement also adds, updates and changes
information contained in the accompanying prospectus. If there is any inconsistency between the information in this prospectus
supplement and the accompanying prospectus, you should rely on the information in this prospectus supplement. Before purchasing the
notes, you should carefully read both this prospectus supplement and the accompanying prospectus, together with the additional
information about us described under headings "Where You Can Find More Information" and "Incorporation by Reference" in the
accompanying prospectus.
You should rely only on the information contained or incorporated by reference in this prospectus supplement and the
accompanying prospectus and in any term sheet we authorize that supplements this prospectus supplement. We have not, and
the underwriters have not, authorized any other person to provide you with different information. If anyone other than us
provides you with different or inconsistent information, you should not rely on it. We are not, and the underwriters are not,
making an offer to sell these securities in any jurisdiction where the offer or sale is not permitted. You should assume that the
information appearing in this prospectus supplement and the accompanying prospectus and the documents incorporated by
reference is accurate only as of their respective dates. Our business, financial condition, results of operations and prospects
may have changed since those dates.

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SUMMARY
This summary highlights selected information from this prospectus supplement, the accompanying prospectus and the
documents incorporated by reference and does not contain all of the information that may be important to you. You should
carefully read this entire prospectus supplement, the accompanying prospectus and the documents incorporated by reference.
As used in this prospectus supplement, the terms "Company," "Parent Company," the "Issuer," "we," "our," "ours" and
"us," unless the context otherwise requires, refer to Telefonaktiebolaget LM Ericsson (publ) without its subsidiaries and the
term "Ericsson," unless the context otherwise requires, refers to Telefonaktiebolaget LM Ericsson (publ) with its
subsidiaries.
Ericsson
Telefonaktiebolaget LM Ericsson (publ) is a public limited liability company organized under the laws of the Kingdom of
Sweden. Ericsson was founded in 1876 and its Class A and Class B Shares are listed on NASDAQ OMX Stockholm. Ericsson's
Class B shares are listed on NASDAQ New York in the form of American Depositary Shares.
Ericsson's principal executive office is located at Torshamnsgatan 23, Kista, SE-164 83 Stockholm, Sweden and its
telephone number is +46 10 719 0000. You can find a more detailed description of Ericsson's business and recent transactions in
Ericsson's Annual Report on Form 20-F and any other reports on Form 6-K which are incorporated by reference in this
prospectus.
Recent Developments
The annual general meeting of the shareholders of Telefonaktiebolaget LM Ericsson (publ) will be held on Thursday, May 3,
2012. Our shareholders will vote on various resolutions affecting our business, including a resolution regarding the
implementation of new targets for our Executive Performance Stock Plan, which, if approved, would set the following
performance targets for this plan: (i) organic growth in net sales growth of 2% to 8% CAGR for the period from 2011 to 2014;
(ii) growth in operating income, including JVs and restructuring, of 5% to 15% CAGR for the period from 2011 to 2014; and
(iii) cash conversion of above 70%, annually.

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THE OFFERING
Issuer
Telefonaktiebolaget LM Ericsson (publ).
Notes
$1,000,000,000 principal amount of 4.125% Senior Notes due 2022.
Maturity date
The notes will mature on May 15, 2022.
Issue price
99.585% of the principal amount of the notes.
Interest and payment dates
4.125% per year; payable semi-annually in arrears on May 15 and November 15
of each year beginning on November 15, 2012. Interest on the notes will be
calculated on the basis of a 360-day year consisting of twelve 30-day months.
Ranking
The notes will constitute our unsecured and unsubordinated obligations ranking
pari passu, without any preference among themselves, with all our other
outstanding unsecured and unsubordinated obligations, present and future, except
such obligations as are preferred by operation of law.
Payment of additional amounts
Subject to certain exceptions, if we are required to withhold or deduct any
amount for or on account of any withholding tax from any payment made on the
notes, we will pay additional amounts on those payments so that the amount
received by noteholders will equal the amount that would have been received if
no such taxes had been applicable. See "Description of Debt Securities
--Additional Amounts" in the accompanying prospectus.
Redemption upon changes in withholding
In the event of various tax law changes that require us to pay additional amounts
taxes
and other limited circumstances, as described under "Description of Debt
Securities--Redemption upon Changes in Withholding Taxes" in the
accompanying prospectus, we may redeem, at a redemption price equal to 100%
of the principal amount, all but not some of the notes prior to maturity.
Repurchase upon a change of control
If we experience a "Change of Control Triggering Event" (as defined in this
triggering event
prospectus supplement), with respect to the notes we may be required to offer to
purchase the notes at a purchase price equal to 101% of their principal amount,
plus accrued and unpaid interest, if any. See "Description of Notes--
Repurchase upon a Change of Control Triggering Event."
Optional make whole redemption
We have the right to redeem the notes, in whole or in part, at any time and from
time to time at a redemption price equal to the greater of (i) 100% of the
principal amount of the notes to be redeemed and (ii) the sum of the present
values of the remaining scheduled payments of principal and interest on the
notes to be redeemed (not including any portion of payments of interest accrued
to the redemption date) discounted to the redemption date on a semi-annual
basis (assuming a 360-day year consisting of twelve 30-day months)

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at the treasury rate (as defined in this prospectus supplement) plus 35 basis
points, plus accrued and unpaid interest to the date of redemption. The
"comparable treasury issue" for purposes of the definition contained in
"Description of Notes--Optional Make Whole Redemption" will be the U.S.
Treasury security or securities selected by the quotation agent as having an
actual or interpolated maturity comparable to the remaining term of the notes to
be redeemed that would be utilized, at the time of selection and in accordance
with customary financial practice, in pricing new issues of corporate debt
securities of comparable maturity to the remaining term of such notes.
Covenants
The terms and conditions of the notes provide for certain restrictions, including
a limited negative pledge and restrictions on certain merger and consolidation
transactions. See "Description of Debt Securities--Covenants," and
"--Consolidation, Merger and Sale of Assets" in the accompanying prospectus.
There are no covenants restricting our ability or the ability of our subsidiaries to
make payments, incur indebtedness, dispose of assets, issue and sell capital
stock, enter into transactions with affiliates or engage in business other than our
present business.
Use of proceeds
We intend to use the net proceeds from the sale of the notes for refinancing
existing debt and general corporate purposes.
Sinking fund
None.
Book-entry issuance, settlement and
We will issue the notes as global notes in book-entry form registered in the
clearance
name of DTC or its nominee. The sale of the notes will settle in immediately
available funds through DTC. Investors may hold interests in a global note
through organizations, including Clearstream and Euroclear, that participate,
directly or indirectly, in the DTC system.
Further issuances
We may, without the consent of the noteholders, issue additional notes of the
same series. Any such additional notes will have the same terms as the notes
described in this prospectus supplement (except for the issuance date, the date
upon which interest begins accruing and, in some cases, the first interest
payment on the notes and the issuance price), so that such additional notes will
be consolidated and form a single series with the notes described in this
prospectus supplement; provided, that in order to have the same identification
number as the existing notes, (i) the existing notes and such additional notes will
be issued with no more than de minimis original issue discount for U.S. federal
tax purposes or (ii) such additional notes will be part of a qualified reopening
of the notes for U.S. federal income tax purposes.
Defeasance and discharge
We may discharge our obligations to comply with any payment or other
obligation on the notes by depositing funds or obligations issued by the United
States government in an amount sufficient to provide for the timely payment of
principal, interest and all other amounts due

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under the notes with the trustee, as described under "Description of Debt
Securities--Defeasance of Debt Securities and Certain Covenants in Certain
Circumstances" in the accompanying prospectus.
Risk factors
You should carefully consider all of the information in this prospectus
supplement and the accompanying prospectus, which includes information
incorporated by reference. In particular, you should evaluate the specific factors
under "Risk Factors" on page S-7 of this prospectus supplement and on page 6
of the accompanying prospectus for risks involved with an investment in the
notes and the risk factors included in the Annual Report on Form 20-F.
Listing
We do not intend to list the notes on any securities exchange.
CUSIP and ISIN
294829AA4/US294829AA48.
Trustee, Paying Agent, Registrar and
Deutsche Bank Trust Company Americas.
Notice Agent
Governing law
The notes will be governed by the laws of the State of New York.
Timing and delivery
We currently anticipate that delivery of the notes will occur on May 9, 2012.

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RISK FACTORS
Our annual report on Form 20-F for the year ended December 31, 2011, which is incorporated by reference in this
prospectus supplement, includes extensive risk factors relating to our business. Additionally, our report on Form 6-K for the
quarter ended March 31, 2012, which is incorporated by reference in this prospectus supplement, contains an assessment of
various risk factors and uncertainties facing Ericsson. You should carefully consider those risks and the risks relating to the
notes described below, as well as the other information included or incorporated by reference into this prospectus supplement
and the accompanying prospectus, before making a decision to invest in the notes.
Risks Relating to the Notes
We may incur substantially more debt in the future.
We may incur substantial additional indebtedness in the future, some of which may be secured by our assets. The terms of the
notes and the indenture under which they are issued will not limit the amount of indebtedness we may incur. Any such incurrence of
additional indebtedness could exacerbate the risks that holders of the notes currently face.
At any point in time there may or may not be an active trading market for our notes.
At any point in time there may or may not be an active trading market for our notes. If any of the notes are traded after their
initial issuance, they may trade at a discount from their initial offering price. Further, if active markets for the notes do not develop,
the prices of the notes and the ability of a holder of the notes to find a ready buyer will be adversely affected. Factors that could cause
the notes to trade at a discount are, among others:

· an increase in prevailing interest rates;

· a decline in our creditworthiness;

· the time remaining to maturity;

· a weakness in the market for similar securities; and

· declining general economic conditions.
Direct creditors of our subsidiaries will generally have superior claims to cash flows from those subsidiaries.
We receive cash flows from our subsidiaries which can be used to meet our payment obligations under the notes. Since the
creditors of any of these subsidiaries generally would have a right to receive payment that is superior to our right to receive payment
from the assets of that subsidiary, holders of the notes will be effectively subordinated to creditors of our subsidiaries insofar as cash
flows from those subsidiaries are relevant to meeting payment obligations under the notes. The terms and conditions of the notes and
the indenture under which they are issued do not limit the amount of liabilities that our subsidiaries may incur. Certain subsidiaries
are or may become subject to statutory or contractual restrictions on their ability to pay dividends or otherwise distribute or lend cash
to us which could also limit the amount of funds available to meet payment obligations under the notes.
The notes will be effectively subordinated to our secured debt.
The notes will be unsecured. If we default on the notes, or after the bankruptcy, liquidation or reorganization of Ericsson, then, to
the extent Ericsson has granted security over its assets, the assets that secure those debts will be used to satisfy the obligations under
that secured debt before any payment on the notes can be made. There may only be limited assets available to make payments on the
notes in the event of an acceleration of the notes. If there is not enough collateral to satisfy the obligations of any secured debt, the
remaining amounts on the secured debt would share equally with all unsubordinated and unsecured indebtedness.

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We may not be able to repurchase the notes upon a change of control.
Upon the occurrence of certain change of control events, holders of the notes will have the right to require us to repurchase all
or any part of such holder's notes at a price equal to 101% of their principal amount, plus accrued and unpaid interest, if any, to the
date of repurchase. If we were to be subject to a Change of Control Triggering Event, there can be no assurance that we would have
sufficient financial resources available to satisfy our obligations to repurchase the notes. Any such failure to repurchase the notes as
required under the indenture, as supplemented by the supplemental indenture relating to the notes, governing the notes would result in
a default under the indenture, which could have material adverse consequences for us and the holders of the notes. See "Description
of Notes--Repurchase upon a Change of Control Triggering Event."
Our credit ratings may not reflect all risks of an investment in the notes.
The credit ratings ascribed to us and the notes are intended to reflect our ability to meet our payment obligations, generally and
in respect of the notes. They may not reflect the potential impact of all risks related to structure and other factors on the value of the
notes. In addition, actual or anticipated changes in our credit ratings may generally be expected to affect the market value of the notes.
U.S. federal regulations applicable to ratings agencies have recently changed, which has led to changes in the manner in which the
ratings agencies conduct their business and may continue to lead to other changes in the future.
Swedish insolvency law may supersede certain provisions of the indenture.
The insolvency laws of Sweden may not be as favorable to you as the U.S. bankruptcy laws or laws of other jurisdictions with
which you may be familiar and may preclude holders of the notes from recovering payments due on the notes. The Issuer and certain
of its subsidiaries are incorporated under the laws of Sweden and, in the event of an insolvency of any of these entities, insolvency
proceedings may be initiated in Sweden.
You may be unable to recover in civil proceedings for U.S. securities laws violations.
The Issuer is a public limited liability company organized under the laws of the Kingdom of Sweden. Most of our directors and
executive officers named in the documents incorporated by reference are residents of countries other than the United States, and a
substantial portion of our assets are located outside of the United States. Accordingly, investors may find it difficult to effect service
of process upon or obtain jurisdiction over the Issuer or its directors in courts in the United States and enforce against the Issuer or its
directors judgments obtained against them. In addition, we cannot assure you that civil liabilities predicated upon the federal
securities laws of the United States will be enforceable in Sweden. See "Enforceability of Certain Civil Liabilities" in the
accompanying prospectus.

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