COMMUNIQUÉ DE PRESSE

par CREDIT COOPERATIF

FINALS TERMS MORGAN STANLEY 200 M€ 2020

 

PROHIBITION OF SALES TO EEA AND UK 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 ("EEA") or the United Kingdom ("UK"). 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 2016/97/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 (the "PRIIPs Regulation") for offering or selling the Notes or otherwise making them available to retail investors in the EEA or the UK has been prepared and therefore offering or selling the Notes or otherwise making them available to any retail investor in the EEA or the UK may be unlawful under the PRIIPs Regulation.

MiFID II PRODUCT GOVERNANCE / PROFESSIONAL INVESTORS AND ECPS

ONLY TARGET MARKET – Solely for the purposes of the manufacturer's 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 on MiFID II product governance requirements published by ESMA dated 5 February 2018, has led to the conclusion that: (i) the target market for the Notes is eligible counterparties and professional clients only, each as defined in 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 manufacturer's 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 manufacturer's target market assessment) and determining appropriate distribution channels.

Final Terms dated 14 August 2020

REGIE AUTONOME DES TRANSPORTS PARISIENS

Issue of €200,000,000 0.875 per cent. Notes due 18 August 2080 under the Euro 6,000,000,000

Euro Medium Term Note Programme

Legal Entity Identifier (LEI): 969500K59E47ULNCAQ69

PART A - CONTRACTUAL TERMS

Terms used herein shall be deemed to be defined as such for the purposes of the Conditions set forth in the base prospectus dated7 August 2020 which constitutes a base prospectus (the "Base Prospectus") for the purposes of Regulation (EU) 2017/1129 (as may be amended from time to time) (the "Prospectus Regulation"). This document constitutes the Final Terms of the Notes described herein for the purposes of Article 8 of the Prospectus Regulation and must be read in conjunction with such Base Prospectus. Full information on the Issuer 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 and these Final Terms are available for viewing on the websites of the Autorité des marchés financiers (www.amf-france.org) and the Issuer (http://www.ratp.fr/en/ratp/r_56856/legal-publications/).

1.                  (i)  Issuer:           Régie Autonome des Transports Parisiens 

2.                  (i)  Series Number:         45

(ii)              Tranche Number:           1

(iii)            Date on which the Notes become Not Applicable fungible: 

3.                  Specified Currency or Currencies:         Euro ("")

4.                  Aggregate Nominal Amount of Notes:  

(i)      Series:          €200,000,000

(ii)    Tranche:       €200,000,000

5.                  Issue Price:         95.386 per cent. of the Aggregate Nominal

Amount

6.                  Specified Denominations:          €100,000

7.                  (i)  Issue Date:    18 August 2020

(ii)              Interest Commencement Date:   Issue Date  

8.                  Maturity Date:    18 August 2080

9.                  Interest Basis:     0.875 per cent. Fixed Rate

(further particulars specified below)

10.              Redemption/Payment Basis:      Redemption at par

11.              Change   of         Interest            or Not Applicable

Redemption/Payment Basis:

12.              Put/Call Options:           Not Applicable

13.              (i)            Status of the Notes:     Senior

(ii)              Date        Board approval          for 29 November 2019 issuance of Notes obtained:

14.              Method of distribution   Syndicated

PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE 

15.              Fixed Rate Note Provisions       Applicable

(i)            Rate of Interest:    0.875 per cent. per annum payable

annually in arrear

(ii)         Interest Payment Dates: 18 August in each year commencing on 18 August 2021 and ending on the

Maturity Date

(iii)       First Interest Payment Date:         18 August 2021

(iv)        Fixed Coupon Amount:    €875    per       €100,000         Specified

Denomination. 

(v)          Broken Amount:   Not Applicable 

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

(vii)     Determination Dates:       18 August in each year

16.              Floating Rate Note Provisions   Not Applicable

17.              Zero Coupon Note Provisions   Not Applicable 

18.              Fixed to Floating Rate Note Provisions Not Applicable

19.              Dual Currency Note Provisions             Not Applicable

PROVISIONS RELATING TO REDEMPTION

20.              Call Option         Not Applicable

21.              Put Option          Not Applicable

22.              Final Redemption Amount of each €100,000 per Note of €100,000

            Note                                                                      Specified Denomination

23.              Early Redemption Amount         

(i)             Early Redemption Amount of €100,000 per Note of €100,000 each Note payable on Specified Denomination

redemption for taxation reasons or on event of default or other early redemption and/or the method of calculating the same (if required):

(ii)           Redemption for taxation reasons Yes 

permitted on days other than

Interest Payment Dates:

(iii)         Unmatured Coupons to become   Not Applicable void upon early redemption (Bearer Notes only):

 

GENERAL PROVISIONS APPLICABLE TO THE NOTES

24.              Form of Notes:   Dematerialised Notes

(i)             Form of Dematerialised Notes:    Bearer dematerialised form (au porteur)

(ii)           Registration Agent:           Not Applicable

(iii)         Temporary Global Certificate:     Not Applicable

25.              Financial Centre or other special Not Applicable provisions relating to payment dates:

26.              Talons for future Coupons or Receipts No to be attached to Definitive Notes (and dates on which such Talons mature):

27.              Details relating to Partly Paid Notes: Not Applicable amount of each payment comprising the Issue Price and date on which each payment is to be made and consequences (if any) of failure to pay, including any right of the Issuer to forfeit the Notes and interest due on late payment:

28.              Details relating to Instalment Notes:     Not Applicable

29.              Representation   of         holders            of Condition 10 applies

Notes/Masse:

The Initial Representative shall be:

SELARL MCM AVOCAT

                                                                                                                    Represented         by         Me            Antoine

LACHENAUD

10, rue de Sèze 75009 Paris

Tel : +33 1 53 43 36 00

Fax : +33 1 53 43 36 01

The Alternative Representative shall be: 

Maître Philippe MAISONNEUVE

Avocat

10, rue de Sèze 75009 Paris

Tel : +33 1 53 43 36 00

Fax : +33 1 53 43 36 01 

The Representative will be entitled to a remuneration of EUR 350 (VAT excluded) per year.

The Representative will exercise its duty until its dissolution, resignation or termination of its duty by a general assembly of Noteholders or until it becomes unable to act. Its appointment shall automatically cease on the Maturity Date, or total redemption prior to the Maturity Date.

            DISTRIBUTION                                                 

30.              (i)            If         syndicated,      names of  Not Applicable

            Dealers:                                                                  

                        (ii)       Stabilising Manager (if any):        Not Applicable  

31.              If non-syndicated, name of Dealer:       Morgan Stanley & Co. International plc

32.              Dealer's Commission:    0.30 per cent.

33.              U.S. Selling Restrictions            Reg. S Category 2; TEFRA not applicable

34.              Prohibition of Sales to EEA/UK Retail  Applicable Investors

RESPONSIBILITY

The Issuer accepts responsibility for the information contained in these Final Terms.

Signed on behalf of the Issuer:

Maurice JARLIER

By:         Head of Treasury and Finance……………………………………….

                        Duly authorised              image

PART B – OTHER INFORMATION

1      LISTING AND ADMISSION TO TRADING 

(i)             Listing:             Euronext Paris            

(ii)           Admission to trading:              Application has been made by the

Issuer (or on its behalf) for the Notes to be admitted to trading on Euronext Paris with effect from 18 August 2020.

(iii)         Estimate of total expenses related to

                                admission to trading:                              €13,200                                                   

(iv)          Regulated        markets           or         equivalent markets on which to the knowledge of the Issuer, securities of the same class of the securities to be offered or admitted to trading are already admitted

                                to trading:                                                Euronext Paris                                        

2      RATINGS

          Ratings:                                                                  The Notes to be issued have been rated: 

                                                                                         Fitch: AA                                                   

Fitch   France S.A.S   ("Fitch")         is established in the European Union and is registered under Regulation (EC) No

1060/2009, as amended by Regulation

                                                                                         (EU) No. 513/2011.                                   

3           INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE  ISSUE

Save as discussed in "Subscription and Sale", so far as the Issuer is aware, no person involved in the offer of the Notes has an interest material to the offer.

4      REASONS FOR THE OFFER AND ESTIMATED NET PROCEEDS                             

(i)    Reasons for the offer:  The net proceeds of the issue of the Notes will be used for the financing of the Issuer's investment programme.

(ii)  Estimated net proceeds:                     €190,172,000.00          

5          YIELD            Indication of yield:                 0.977 per cent. per annum       

The yield is calculated at the Issue

Date on the basis of the Issue Price. It

                                                                                              is not an indication of future yield.   

6      OPERATIONAL INFORMATION                                                                                           

          ISIN Code:                                                                FR0013529559                                         

          Common Code:                                                         221865987                                                 

          Depositaries:                                                                                                                                 

(a)       Euroclear France to act as Common

                                   Depositary:                                              Yes                                                             

(b)      Euroclear Bank and Clearstream Banking Société Anonyme to act as

                                   Common Depository:                             No                                                              

Any clearing system(s) other than Euroclear France,      Euroclear         Bank    S.A./N.V.         and Clearstream Banking Société Anonyme and the

          relevant identification number(s):                              Not Applicable                                           

          Delivery:                                                                    Delivery against payment                          

Names and addresses of additional Paying

          Agent(s) (if any):                                                        Not Applicable                                           

7      GENERAL                                                                                                                                  

              The aggregate principal amount of Notes has        Not Applicable

been translated into Euro at the rate of [●], producing a sum of (for Notes note denominated in Euro):  

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