Obligation ATT 2.6% ( XS2180009081 ) en EUR

ATT

100 % ▲

Etats-unis

XS2180009081 ( en EUR )

2.6% par an ( paiement annuel )

19/05/2038

Prospectus brochure de l'obligation AT&T XS2180009081 en EUR 2.6%, échéance 19/05/2038

100 000 EUR

500 000 000 EUR

00206RJW3

19/05/2026 ( Dans 359 jours )

AT&T est une société américaine de télécommunications offrant des services de téléphonie fixe et mobile, d'internet haut débit et de télévision par câble, ainsi que des solutions d'entreprise.

L'Obligation émise par ATT ( Etats-unis ) , en EUR, avec le code ISIN XS2180009081, paye un coupon de 2.6% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 19/05/2038

FWP
https://www.sec.gov/Archives/edgar/data/732717/0001193125201461...
FWP 1 d933817dfwp.htm FWP
Filed Pursuant to Rule 433
Registration No. 333-231404
Final Term Sheet
May 19, 2020
3,000,000,000
AT&T Inc.
1,750,000,000 1.600% GLOBAL NOTES DUE 2028
750,000,000 2.050% GLOBAL NOTES DUE 2032
500,000,000 2.600% GLOBAL NOTES DUE 2038
ISSUER:
AT&T Inc. ("AT&T")
TITLE OF SECURITIES:
1.600% Global Notes due 2028 (the "2028 Notes"),
2.050% Global Notes due 2032 (the "2032 Notes") and
2.600% Global Notes due 2038 (the "2038 Notes" and, together with
the 2028 Notes and the 2032 Notes, the "Notes")
TRADE DATE:
May 19, 2020
SETTLEMENT DATE (T+5*):
May 27, 2020
MATURITY DATE:
May 19, 2028 for the 2028 Notes
May 19, 2032 for the 2032 Notes
May 19, 2038 for the 2038 Notes
AGGREGATE PRINCIPAL AMOUNT OFFERED:
2028 Notes: 1,750,000,000
2032 Notes: 750,000,000
2038 Notes: 500,000,000
REFERENCE EUR MIDSWAP RATE:
2028 Notes: -0.190%
2032 Notes: -0.061%
2038 Notes: 0.054%
REOFFER SPREAD TO EUR MIDSWAP:
2028 Notes: +180 bps
2032 Notes: +213 bps
2038 Notes: +255 bps
REFERENCE GOVERNMENT SECURITY:
2028 Notes: DBR 0.500% due February 15, 2028
2032 Notes: DBR 0.000% due February 15, 2030
2038 Notes: DBR 4.000% due January 4, 2037
REFERENCE GOVERNMENT PRICE:
2028 Notes: 108.515%
2032 Notes: 104.620%
2038 Notes: 172.570%
REOFFER SPREAD TO GOVERNMENT
2028 Notes: +218.3 bps
SECURITY:
2032 Notes: +253.2 bps
2038 Notes: +286.9 bps
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FWP
https://www.sec.gov/Archives/edgar/data/732717/0001193125201461...
PRICE TO PUBLIC (ISSUE PRICE):
2028 Notes: 99.926%
2032 Notes: 99.801%
2038 Notes: 99.944%
REOFFER YIELD:
2028 Notes: 1.610%
2032 Notes: 2.069%
2038 Notes: 2.604%
FEES:
2028 Notes: 32.5 bps
2032 Notes: 37.5 bps
2038 Notes: 46 bps
PRICE TO AT&T:
2028 Notes: 99.601%
2032 Notes: 99.426%
2038 Notes: 99.484%
NET PROCEEDS:
2028 Notes: 1,743,017,500
2032 Notes: 745,695,000
2038 Notes: 497,420,000
USE OF PROCEEDS:
General corporate purposes, which may include debt repayments.
UNDERWRITERS' REIMBURSEMENT OF
AT&T'S EXPENSES:
Underwriters to reimburse $1,300,000 of AT&T's expenses.
INTEREST RATE:
2028 Notes: 1.600% per annum
2032 Notes: 2.050% per annum
2038 Notes: 2.600% per annum
INTEREST PAYMENT DATES:
Annually on May 19, commencing on May 19, 2021
DENOMINATIONS:
Minimum of 100,000 and integral multiples of 1,000 in excess thereof.
INDENTURE AND RANKING:
The Notes will be issued under an indenture, dated as of May 15, 2013, between AT&T and The
Bank of New York Mellon Trust Company, N.A., as trustee. The Notes will be AT&T's
unsecured and unsubordinated obligations and will rank pari passu with all other indebtedness
issued under the indenture.
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FWP
https://www.sec.gov/Archives/edgar/data/732717/0001193125201461...
OPTIONAL REDEMPTION BY AT&T:
Each series of the Notes may be redeemed at any time prior to the applicable Par Call Date (as
set forth in the table below), as a whole or in part, at AT&T's option, at any time and from time
to time on at least 10 days', but not more than 40 days', prior notice at a make-whole call equal
to the greater of (i) 100% of the principal amount of the Notes of such series to be redeemed or
(ii) the sum of the present values of the remaining scheduled payments of principal and interest
discounted to the redemption date, on an annual basis (ACTUAL/ACTUAL (ICMA)), at a rate
equal to the sum of the Treasury Rate plus a number of basis points equal to the applicable
Make-Whole Spread (as set forth in the table below), calculated by AT&T. Each series of the
Notes may be redeemed at any time on or after the applicable Par Call Date, as a whole or in
part, at AT&T's option, at any time and from time to time on at least 10 days', but not more
than 40 days' prior notice at a redemption price equal to 100% of the principal amount of such
series of Notes to be redeemed. Accrued but unpaid interest will be payable to the redemption
date.
Make-Whole
Series
Par Call Date
Spread
2028 Notes
February 19, 2028
35 bps
2032 Notes
February 19, 2032
40 bps
2038 Notes
November 19, 2037
45 bps
TAX GROSS UP:
Comparable to prior AT&T transactions.
TAX CALL:
Comparable to prior AT&T transactions.
ISIN:
2028 Notes: XS2180007549
2032 Notes: XS2180008513
2038 Notes: XS2180009081
CUSIP:
2028 Notes: 00206R JU7
2032 Notes: 00206R JV5
2038 Notes: 00206R JW3
COMMON CODE:
2028 Notes: 218000754
2032 Notes: 218000851
2038 Notes: 218000908
LISTING:
AT&T intends to apply to list the Notes on the New York Stock Exchange.
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FWP
https://www.sec.gov/Archives/edgar/data/732717/0001193125201461...
FORM/CLEARING SYSTEMS:
The Notes will be issued only in registered, book-entry form. There will be a Global Note
deposited with a common depositary for Euroclear Bank SA/NV and Clearstream Banking,
Société Anonyme for each issue.
STABILIZATION:
FCA/ICMA
DAY COUNT FRACTION:
ACTUAL/ACTUAL (ICMA), following, unadjusted
RATINGS:
Moody's: Baa2 (Stable)
S&P: BBB (Stable)
Fitch: A- (Stable)
JOINT BOOKRUNNERS:
Barclays Bank PLC, Citigroup Global Markets Limited, Credit Suisse Securities (Europe)
Limited and Société Générale
Banca IMI S.p.A., Banco Santander, S.A., Commerzbank Aktiengesellschaft and HSBC
Securities (USA) Inc.
REFERENCE DOCUMENT:
Prospectus Supplement, dated May 19, 2020;
Prospectus, dated May 13, 2019
*
Under Rule 15c6-1 of the Securities Exchange Act of 1934, as amended, trades in the secondary market generally are required to settle in two
business days, unless the parties to the trade expressly agree otherwise. Accordingly, purchasers who wish to trade the Notes on the date of pricing
or on the next two business days will be required, by virtue of the fact that the Notes initially will settle in T+5, to specify an alternate settlement
cycle at the time of any such trade to prevent a failed settlement and should consult their own advisors.
THE ISSUER HAS FILED A REGISTRATION STATEMENT (INCLUDING A PROSPECTUS) WITH THE SEC FOR THE OFFERING TO WHICH
THIS COMMUNICATION RELATES. BEFORE YOU INVEST, YOU SHOULD READ THE PROSPECTUS IN THAT REGISTRATION
STATEMENT AND OTHER DOCUMENTS THE ISSUER HAS FILED WITH THE SEC FOR MORE COMPLETE INFORMATION ABOUT THE
ISSUER AND THIS OFFERING. YOU MAY GET THESE DOCUMENTS FOR FREE BY VISITING EDGAR ON THE SEC WEB SITE AT
WWW.SEC.GOV. ALTERNATIVELY, THE ISSUER, ANY UNDERWRITER OR ANY DEALER PARTICIPATING IN THE OFFERING WILL
ARRANGE TO SEND YOU THE PROSPECTUS IF YOU REQUEST IT BY CALLING BARCLAYS BANK PLC AT 1-888-603-5847 (TOLL
FREE), CITIGROUP GLOBAL MARKETS LIMITED AT 1-800-831-9146 (TOLL FREE), CREDIT SUISSE SECURITIES (EUROPE) LIMITED AT
1-800-221-1037 (TOLL FREE) OR SOCIÈTÈ GÈNÈRALE AT 1-866-471-2526 (TOLL FREE).
MANUFACTURER TARGET MARKET (MIFID II PRODUCT GOVERNANCE) IS ELIGIBLE COUNTERPARTIES AND PROFESSIONAL
CLIENTS ONLY (ALL DISTRIBUTION CHANNELS). NO PRIIPS KEY INFORMATION DOCUMENT (KID) HAS BEEN PREPARED AS NOT
AVAILABLE TO RETAIL IN EEA OR UNITED KINGDOM.
ANY DISCLAIMERS OR OTHER NOTICES THAT MAY APPEAR BELOW ARE NOT APPLICABLE TO THIS COMMUNICATION AND
SHOULD BE DISREGARDED. SUCH DISCLAIMERS OR OTHER NOTICES WERE AUTOMATICALLY GENERATED AS A RESULT OF THIS
COMMUNICATION BEING SENT VIA BLOOMBERG OR ANOTHER EMAIL SYSTEM. A SECURITIES RATING IS NOT A
RECOMMENDATION TO BUY, SELL OR HOLD SECURITIES AND MAY BE REVISED OR WITHDRAWN AT ANY TIME.
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