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LVMH – $600 million cash-settled synthetic convertible bonds due 2021
(ISIN code FR0013113073)
In connection with the issue of its $600 million non-dilutive cash settled convertible bonds due 2021 and not paying any coupon (zero-coupon) (the “Bonds”), LVMH hereby notifies the Bondholders of the following determinations and calculations:
— the Reference Share Price is €148.4373;
— the resulting Initial Conversion Price (including the Initial Conversion Premium of 37.5%) is €204.1013;
— the Reference FX Rate is €1 = US$1.1236;
— the Initial Conversion Ratio is 1.0901 Shares per Bonds; and
— the Exercise Price is €222.4991.
Capitalised terms not otherwise defined herein shall have the meanings given to them in the pricing termsheet of the Bonds.