Obligation Infineon Tech 3.625% ( XS2056730679 ) en EUR

Infineon Tech

100.11 % ▼

Allemagne

XS2056730679 ( en EUR )

3.625% par an ( paiement annuel )

Perpétuelle

Prospectus brochure de l'obligation Infineon Technologies XS2056730679 en EUR 3.625%, échéance Perpétuelle

01/04/2026 ( Dans 51 jours )

Infineon Technologies est un fabricant allemand de semi-conducteurs spécialisé dans les systèmes de puissance, les capteurs, les contrôleurs et les solutions de sécurité.

L'Obligation émise par Infineon Tech ( Allemagne ) , en EUR, avec le code ISIN XS2056730679, paye un coupon de 3.625% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le Perpétuelle

This Prospectus idated 27September 2019

Infieon Technolgies AG
(Neubierg, Fedral Republic ofGermany)

EUR 60,0,0 Subordinated Restable Fixed Rate Notes with aFirst Rest Date April 205
and
EUR 60,0,0 Subordinated Restable Fixed Rate Notes with aFirst Rest Date April 208

Infieon Technolgies AG, incorporated inthe Fedral Republic ofGermany, (the "Isuer" or"Infieon") wil sue EUR 60,0,0 in
agregate princpal mount ofsubordinated notes ubject ointerst rate rset a 5 year intervals com encig on the first rest date on
1 April 205, ISN: XS205673023 (the "NC5. Notes") and EUR 60,0,0 inagregate princpal mount ofsubordinated notes ubject
to interst rate rset a5 year intervals com encig onthe first est date on1 April 208, ISN: XS2056730679 (the "NC8.5 Notes" and,
togethr with e NC5. Notes, the "Notes" and each a"Seris"), each on1 October 2019 (the "Isue Date") at n isue price of9.385% of
their pincpal mount inrespect ofthe NC5. Notes (the "NC5. Isue Price") and 9.12% oftheir pincpal mount inrespect ofthe
NC8.5 Notes (the "NC8.5 Isue Price", the NC5. Isue Price and the NC8.5 Isue Price, ach an"Isue Price"). The Notes are isued in
denominations ofEUR 10,0 each (the "Specifed Denomination"). The Notes wil begovernd by the laws ofthe Fedral Republic of
Germany.
The NC5. Notes hal bear interst ontheir pincpal mount (i)from and including the Isue Date obut excluding 1April 205 (the "NC5.
First Rest Date") at rate of2.875% per anum; (i) from and including the NC5. First Rest Date obut excluding 1April 203 athe
relvant 5year swap rate for the rlevant rest period plus amargin of38. basi points per anum (the "NC5. Inital Margin"); (i) from and
including 1April 203 tobut excluding 1April 2045 athe rlevant 5year swap rate for the rlevant rest period plus afirst ep-up margin
(being equal tohe NC5. Inital Margin plus 25basi points per anum); and (iv) from and including 1April 2045 athe rlevant 5year swap
rate for the rlevant rest period plus asecond step-up margin (being equal tohe NC5. Inital Margin plus 10 basi points per anum).
The NC8.5 Notes hal bear interst ontheir pincpal mount (i)from and including the Isue Date obut excluding 1April 208 (the "NC8.5
First Rest Date", the NC5. First Rest Date and the NC8.5 First Rest Date, ach a"First Rest Date") at rate of3.625% per anum; (i)
from and including the NC8.5 First Rest Date obut excluding 1April 203 athe rlevant 5year swap rate for the rlevant rest period plus a
margin of39.6 basi points per anum (the "NC8.5 Inital Margin"); (i) from and including 1April 203 tobut excluding 1April 2048 athe
relvant 5year swap rate for the rlevant rest period plus afirst ep-up margin (being equal tohe NC8.5 Inital Margin plus 25basi points
per anum); and (iv) from and including 1April 2048 athe rlevant 5year swap rate for the rlevant rest period plus asecond step-up margin
(being equal tohe NC8.5 Inital Margin plus 10 basi points per anum).
During each interst period interst i scheduled tobe paid anualy inarear, with respect othe NC5. Notes, on1 April ofeach year, nd,
with respect othe NC8.5 Notes, on1 April ofeach year (each an"Interst Payment Date"), com encig, with respect othe NC5. Notes,
on 1April 20 (short first coupon), and, with respect othe NC8.5 Notes, on1 April 20 (short first coupon).
Upon the ocurence ofa Change ofControl Event (as defined in§ 5()c ofthe trms and conditons ofthe NC5. Notes (the "NC5.
Terms and Conditons") and ofthe trms and conditons ofthe NC8.5 Notes (the "NC8.5 Terms and Conditons" and, togethr with e
NC5. Terms and Conditons, the "Terms and Conditons"), the interst rate payble onthe Notes wil beincreasd by an ditonal 50
basi points per anum above the otherwise aplicable rate, ifthe Isuer does not redem the Notes inwhole (as et out in§ 3(2)f ofthe
Terms and Conditons).
The Isuer isentiled todefr payments ofinterst on any Interst Payment Date ("Defred Interst Payments") and may pay such
Defred Interst Payments voluntarily at ny time, but only has topay such Defred Interst Payments under certain cirumstances a set
out inthe rlevant Terms and Conditons.
Unles previously redemd orpurchased and cancel d, the Notes wil not mature.
Each Seris ofNotes may bespartely redemd inwhole but not inpart athe option ofthe Isuer at n amount per Note qual tohe
Specifed Denomination plus (i)nterst acrued onthe Note obut excluding the date ofredmption but yet unpaid and (i) any outsandig
Defred Interst Payments due and payble, (A) incase ofthe NC5. Notes, with ef ct (i) asof any date during the period from and
1

including 1January 205 toand including the NC5. First Rest Date and (i) onay Interst Payment Date herafter, and (B) incase ofthe
NC8.5 Notes, with ef ct (i)as ofany date during the priod from and including 1January 208 (each a"First Cal Date") toand including
the NC8.5 First Rest Date and (i) onay Interst Payment Date herafter.
The Isuer may lso redem each Seris ofNotes epartely inwhole but not inpart any time fol wing aTx Event, anAcountig Event,
a Rating Agency Event oran Acquiston Event (each asdefined inthe rlevant Terms and Conditons), ineach ase, at n amount per Note
(i) equal to10.0% ofthe Specifed Denomination ifthe rdemption curs prio tohe rlevant First Cal Date or(i) equal tohe Specifed
Denomination ifthe rdemption ocurs on orafter the rlevant First Cal Date, plus, ineach ase, (i)nterst acrued on the Note obut
excluding the date ofredmption but yet unpaid and (i) any outsandig Defred Interst Payments due and payble on the Note.
Aditonaly, the Isuer may redem the Notes inwhole but not inpart a ny time fol wing aGros-up Event and aChange ofControl
Event (each asdefined inthe Trms and Conditons) orif the Isuer has redemd orepurchased and cancel d atleast 75% ofthe orignaly
isued agregate princpal mount ofthe rlevant Seris, ineach ase, at n amount per Note qual tohe Specifed Denomination plus (i)
interst acrued tobut excluding the date ofredmption but yet unpaid and (i) any outsandig Defred Interst Payments.
Each Seris ofNotes wil nitaly berpesnted bya temporay global note inbear form (a"Temporay Global Note"). The Temporay
Global Note wil be xchangeable for apermanet global note inbear form (a"Permanet Global Note" and togethr with e Tmporay
Global Notes, the "Global Notes") not earlier than 40 and not later than 180 days after the Isue Date upon certifcation asto no-U.S
benfical ownership. The Global Notes wil be deposited with acom on depositary for Clearsteam Bankig S.A, Luxembourg and
Euroclear Bank SA/NV (togethr, the "Clearing System").
This prospectus (the "Prospectus") constiutes aprospectus withn the meanig ofArticle 6.3 ofthe Regulation (EU) 2017/129 ofthe
European Parliament and ofthe Council of14 June 2017 (the "Prospectus Regulation"). This Prospectus wil bepublished inelctronic
form togethr with any suplemnt herto and aldocuments incorporated byrefrence onthe website ofthe Luxembourg Stock Exchange
(w w.bourse.lu) and onthe website ofthe Isuer (w w.inf eon.com).
This Prospectus has ben aproved by the Com is on de Surveilance du Sectur Finacier ofthe Grand Duchy ofLuxembourg (the
"CSF") ints capcity ascompetn authority under the Prospectus Regulation. CSF has only aproved this prospectus a meting the
standars of completnes, comprehnsiblity and consitency imposed by the Prospectus Regulation. Such aproval should not be
considerd as n edorsemnt ofthe Isuer tha isthe subject ofthis Prospectus nor fthe quality ofthe scurites tha re the subject ofthis
Prospectus. By aproving aprospectus, inacordance with Article 20of the Prospectus Regulation, the CSF does not engae inrespect of
econmic orfinacial oportunity ofthe operation rthe quality and solvency ofthe Isuer.
This Prospectus wil bevalid until 26Septmber 20 and may inthis period beused for admis on fthe Notes torading ona regulated
market. Incase ofa signficant ew factor, material mistake ormaterial inacuracy relating tohe information iclude inthis Prospectus
whic may fect he asesment ofthe Notes, the Isuer wil preare and publish asuplemnt othe Prospectus without ndue dlay in
acordance with Article 23of the Prospectus Regulation. The obligation fthe Isuer tosuplemnt his Prospectus wil ceas toaply once
the Notes have ben admited torading on the rgulated market ofthe Luxembourg Stock Exchange and athe lates upon expiry ofthe
validty period fthis Prospectus.
Aplication has ben made to he Luxembourg Stock Exchange for the Notes tobe listed on the ofical ist ofthe Luxembourg Stock
Exchange (the "Ofical List") and to be admited to trading on the Luxembourg Stock Exchange's regulated market "Bourse de
Luxembourg", apearing onthe list ofregulated markets isued bythe European Com is on. The Luxembourg Stock Exchange's regulated
market isa regulated market for the purpose ofDirective 2014/65EU (as mende, "MiFID I").
The Notes are not intede tobe oferd, sold or therwise made avilabe toand should not beoferd, sold or therwise made avilabe to
any retail nvestor inthe European Econmic Area ("E A"). For thes purpose, aretail nvestor means aperson who isone (or more) of: (i)
a retail cient asdefined inpoint (1) ofArticle 4(1) ofMiFID I; or(i) acustomer withn the meanig ofDirective (EU) 2016/97 (as
amende, the "Insurance Distribution Directive"), wher tha customer would not qualify as profesional cient asdefined inpoint (10) of
Article 4(1) ofMiFID I.Consequently, nokey information document required byRegulation (EU) No 1286/2014 (as mende, the "PRIPs
Regulation") for fering orseling the Notes or therwise making them avilabe toretail nvestors inthe EA has ben preared and
therfore ofering orseling the Notes or therwise making them avilabe toany retail nvestor inthe EA may be unlawful nder the
PRIPs Regulation.
Fol wing the rspective First Rest Date, amounts payble under the Notes are caluated by refrence tohe anual swap rate for swap
transactions denominated inEuro with aterm of5 years, whic apears on the Reutrs Scren Page ICESWAP2/EURFIXA and whic is
provide byICE Benchmark Adminstraion Limted ("IBA"). As athe date ofthis Prospectus, IBA apears onthe rgister ofadminstraors
and benchmarks etablished and maintained by the European Securites and Markets Authority ("ESMA") pursant oarticle 36 ofthe
Benchmark Regulation (Regulation (EU) 2016/01) (the "Benchmark Regulation").
Prospective purchaser ofthe Notes hould ensure tha they understand the nature ofthe Notes and the xten oftheir exposure torisk and
tha they consider the suitabilty ofthe Notes a n ivestment inlight oftheir own cirumstances and finacial conditon. Investing inthe
Notes involes certain risk. Pleas reviw the sction etiled "Risk Factors" begin g onpage 9of this Prospectus.
2

Joint Sructring Advisor, Joint Global Cordinators and Joint Bokruners
Citgroup
UniCredit Bank
Joint Bokruners
BNP ARIBAS
BofA Meril Lynch
Deutsche Bank

Goldman Sachs International

J.P Morgan
3

RESPONSIBLITY STATEMENT
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FORWARD-LO KING STATEMENTS
Tshtais ePmreonst pehcatu sdoces ntaoi nrse lactertao inhsftorwicarl df-locts kaingd esvtanems. nTthse. yAare fobrawseadr o-nlaokilnygs etaor efmornct asi aof
6

fust"aerpse htPIrimasrnosanefeiptugne,eluec " tsloti,aratnun"eo scl nidrGcuxy rodpesconinoutncnpagttid'si "fm,it nir eae"dtibnfi sougnsi enbirtyoe f nntaefcdhansod re"sm ,em ouoatna"shdte inmenodn a tsoyr mfa a"fos,ncns oetta u"r ypmeogfmlreutpass mutnt theri"adaneo,t , n neta esfia."rftr pmres nTehihdinctgnia irgscsto teb"l. wca,tp s ohp"u alpcracinerhfodts y,j op earicserpnt ol ",anfaitnpsa"tbib rwcliatilncle.p itdu"aTy l th, ear"ex,ap n, sdnet"bfod cgt sieolamrwetniaotievaernearrasm "d,l ret-leneocgtrckoasmnr diui lndgoin a"migtn, c htias ned
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7

TABLE OF CONTENTS

RISK FACTORS . . . . . . . . . . . . . . . . . . . . . . 9
USE OF PROCEDS . . . . . . . . . . . . . . . . . . . . 32
INFORMATION ABOUT INFINEON . . . . . . . . . . . . . . . 3
INFORMATION ABOUT CYPRES . . . . . . . . . . . . . . . 65
TERMS AND CONDITONS OF THE NOTES . . . . . . . . . . . . . 74
WARNI G ON TAX CONSEQUENCES . . . . . . . . . . . . . . 127
SUBSCRIPTION, SALE AND OFER OF THE NOTES . . . . . . . . . 18
GENERAL INFORMATION . . . . . . . . . . . . . . . . . 19
INCORPORATION BY REFRENCE . . . . . . . . . . . . . . . 194
NAMES AND AD RESES . . . . . . . . . . . . . . . . . 196

8

RISK FACTORS
Briesfonkric reesoIfkradfspclne otifdkcdrint eaietncleosrdsce nhvrionh rdeotiagb theydoIsec saouItoGeedsm,cunebrdrs r dtob repuri unihusetoeirtnapsfhuino . t .ileror cheowt newnMs ctasehnte ntcAsv hudies,iae r enIdc osIr,a le)eithseco r dncwa, fi soanoths ritocuvsehtenlnaeh ien afNy hse asrlfleuob e o,flro yrt lotnis er wlitioi menswk Gishlfos,e lfreke w uasvs ascp,i bn, oponri oeaheyehoussopue no dlirmleveeosbnarr d fuimcs eaurltds anet oid nstlneottahsofo ic pe nitoso rsaeohmrtfseff nama it nooi nhteowhtsoh.vpe eiTaitirhopseiatnra h eenkrtds ulri tsaieNo tPidiorn toemasic olocrt,nude o motochstatfuanephrwes raerchsltserioi fe ri aniluc(lraeiesfc lhtlinit ul ad cnadfe hildruPaeti csi wvlir szf.ry o Tsepv eimenahek "p,n atashintea cHyhecanirndcsenc ithwoah ittes lm inotwuacs deml ecanl ehfecenf uc eirtacsu r(idrs rome omrcme"oknnaits pn)oat beldgkitnsnot ilcitdanc iyloungvti ehdsuatryoaoaoi urhtkltilnvfdusn dehndoeoef eo n e geoor lsb wo ofanathptorubhfese tiunsuf e ne tmoyens Iheitentheardon anefitsreetle t fodln d,ep shl r Iemsr Nioaulrcwsc eothoraoIrs ete eui era mnos dfonte fspspN av egtlhne euaGtricfreroaneh oatlaotri,t nde roslsu ,wopi snrf tshe n,.m s m t pIf whaeioeyanfcftia i ntcrhoecnie a nt'lhs e
TIhinefgt pro rutohnpp ec osIGonredfo miubnepanoctqino ugGishtretho oe unIp n efailconie ft ohcneC ryiGsprkreou spa asSoencmd iaCtcyeodp nrewuis.tc h orCbyCotpho erbspou. raiFtnieslon ew(s i"nCwgl ytphraep islnyt") e gorwtahileo nexeopwfl sCey fptorhems d
Wino trdhis anedct ieoxnproef sthioe nPsrdoepfincetdus .inthe sction "Terms and Conditons" hal have the same meanigs
Risk related toInfieon ad the Infieon Group
I. Market Risk
AIdnfvierso ndeGvrolup'ms ebnutsi enst, hfeingalnocbial ceondiotminc aend viorpenmateintg rceosuldt s.have an advers impact on the
Adse mvaarlgkoepbtsma oelfn tysh. eop AInerfwainoteilndg nw icGdoremo uppca'ons yc, umtstihoce mdIeonfrwis, temuoarny ,Geprsaoultuip c n lisaorhywe igrnletyh vedenspuemns. idceontd uocn rglombarlk etcsoandm tihce
ThGireo ctmhpwe aiucaotIcnr ntgemif nnitnceoapdseptrmutie ieaosruitpelrivontieitdcd eornfpcgadrpstsvuGtoil ia.ot eanlaimeTe otesscuo icioncecewusomil ids his4s3tanaostc opnu'sag onsngr% td eterm t lreont mntiio uopin fnucdf iocgroegtiarbvelaihsedlrochnatecnc seyn mmamttnrhc eoreratihdina euafiatigsueorgelingdaenohson ecsntst,cemyh,o sbt ywtua l(to r rtpla r hrt lteha asrmduklvsaswyotoeeinai ev arlettaoIcimenhne a tesrp y apkro rd ha dfsrpeni imnemoaeofnoe2er d0voepnuo o rt, et1edmnrtnik eogcpacr8nu)cacth netat nietriiooavd eG. etne sa,drdroa ntiena tt tuporcdosoise,m tcsariaitirueopdneuetsd rth ns sempbbsuti y upt reiaena ctnia. icntaonTsragbl dhi, bcsp dedaet iraoucerraog rncudinetu te stolueadem mrcrtsi parsdo taca pley ,i ctofhu ewleeshnrnbo ededensi ha nceret.xiadumn plmc Iafs tenoeownpha To tfir itetsh oir yrhr yetbntneh ernatasoeh ne.si eyn Ietdl nIs ctrgsgnht ahnsrie fDi foietinctonopoGfriaf rauguat eht emnllfUwonesu npoai r epoistr rnyo c sii tctmkone'ns f da iotGnaes/ tftmrcr nlerhpetogd ueiGeoSroe osopnrprrArm timauotiml ctescopm'oau o ennisrstmaeamlsna tdrdrhdeuot dsaeiun tntips,iitinr bipurdvrceotes Io egotalnitoyhs vedni c dosur Cfiano n. ecschnl crutrosihs ntek gt,s oieoem iunrnlaet d n amrsop p heo i r-Ggient alo dreatoiasirhn oecdnur mpo u ualtgopnr atde/ino tr
9

Ina dnvpergdrioadtstieuvloynct ,atsy afhesi ci mtmwpelaphelc tai ndsnEi gUp gote ecnwnoteitinghaordal mtritaeowdsn aeapl dnrofifd ctehcbsult Uiaennsedi s tedmehas y. KtrinagbDde tcehl oeirm necl afosn triosmenq s thudeiepnm Ebceau. ntro dwp efaorn t hUe nioI.nK fi(nBareneodx ith) GemroEayuUp', s
Arnfeily snvdfiaofignwnaicft ntocf iniatliclmuhtia areinpn egtsN ok seicaintstodoehotre n nods tisg mEthtuaoeidneuodn rdneise trn ncldarsoe peiendsnbeuae.t c ealitdns dbn cnieleolidist fon esy, ft ogaotpalon henberddm tIt alnioe tfodef invcuisolte, rnsefsi owlmlfin hyGi iecaitasnrhfs co coiucobalip 'otugcsu lldh aosdtiva eoelicIanenusas) fs ntieun utardns doedav nmene(r dri aGnt snehoetl rdpo yh auiNearpnort fti'csthoeuesbc loitlbe au rgtr ah sIinctaief neoIsuntse fh, onietuncahnsGovhred ne omr nfGtluairtksrp'wso fetcu , rpape'rdsict e
Tihmep aInctfied obny pGerioudpic odpewranteusr nin athriget lymacrykeltisc. alindustry and its busines could be adversly
Tohbf eurwsaiponredls cwhdaidenevg elsompinm cetonsn daurcgteo sr iumnbjaderukscte tro.y iaAsh ihgaigh reldsyu gcrte, l hioecf aIlun fcider tothanie InGntyrf. oiupe'os nfGreocuapst haenrd foerxp efactesi ornksof
Inh gothrweeo oawvpipctnehs r fufalbutira,tostaustesrp f ctus oshmtar olmunewaierb oawttsei iyln. riaole klce acgandrorty ochlioacl s,es,na c twioldrionth v nr u rflueirtes tehtas eriactpn e torairt goeestgefpehrtn rnsm foleo. awoeni wctsnI,Tokf egos fthueihen tpnarlthdrtaiete htco eo simweeenhs gs e aknm netIy.nf GgoitIr uiircnoaon estuws noshpoue tsc dhuowunc w rn heiasiGfvltlctd orle ecunbsefr rocut eputalinxhbod'ahspalwuuetys tfiacr sotio citmryhnteeh ashsn re entsfcm waecuIuirnldadpsanf l sciirikfnnoe et ptircesouoma ulntd niastilnan nttoi Gay stf.iveoTlwrobrgeneoiah hy, iunrrnpgsit ea cphearwiaspsu ni beltIsdylhnltruson efib incfe puorf it Itaneaeutfo blaotprtinoef. Ieaeap,e r ieGmtnorrtedanahdob oauriksti wlGpeiso foncrn t r e,aot uguoras umnaldan ipodhkr aecvtsh
Tchoen sitonilnduuasetdir oy pnrieans dwurche oicm n mtothhed ieI nzIfianntfieoen onGf rpGorupdo'us cpt sal,opewes hpirarcth esecso.uil dcrheadruce trhiez Idnf ibeyo nitGernosuep 'cosmalpes tiorpnu,t
Thtieeg schsemamnclgoioaicnrclpoeoogm-sngtntsraestpeidiaeldervus ucecurltitmas l tetpoaxolvsroyeti npr deif rcaim nduoapnrtnaegped rmtsr saitkaaecu tnreyt utidrovein acaf, rslaissrog scioth.sr el en uigrots yhtihentesg ly eaw upclfreimtelthasfrocat r amcdirkinluptvehe st icett ipgepl wears.lInecavfe,c afat etTyniknetwr hoenoi hiecn ld inmht gar erscramcphGrokf eahinadut ya rc nph'eshgptes hieaornacniIabnrdbeufesi ril zendinegtiou hyeoasnie fobys, n Iotss G nferaf ccraiphpdinaoernv osudh p dlatnf'lsp uonecgc rGtihnocorscmowodo. aleluTsmc, ptpfie hctgsfntiprih icsatniro analimg chvcciea i naelpgcypran o.h iocs ilnointIe cgevaindocidts,itnrn h i ega ocsio tnoes udalnd
Thmeca oncuiensfgoahmjscaoloryiclnk dtyu seidarcotmtionmlsi.piog pd rnoiteaCvcnitioea ctondnthvns e neoaeaqrlu o oilnngvmoemwdintoglr uercso yeo,t ot nmrmyachtopeednhmter ipin tnIrtdooef nedfuihrsasne vttenohrosf ley nito ipsp vhkeaG enmrtpIlgyiornf icociuditmnnopa'ue adscnt tolruekcsc npadtoG arb . omrttlipfoeu endutilpfti otupsvsort torye afhd uenruapdo t cnhtsdsieo thtnric nobsneoae anlvisedigmea ftiatyh rhe cfoso ebrnuo les imites zae nddacthisovoefenr n cistofusahmelyi rttgeu eisrnde ei o.fwmrf cipvai Sathsuncctea ealhdbe , y
10