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Under the Euro Medium Term Note Programme ... - Finance - EDF

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has been taken by <strong>the</strong> Issuer, <strong>the</strong> Dealers or <strong>the</strong> Arranger which would permit a public<br />

offering of any <strong>Note</strong>s or distribution of this Base Prospectus in any such jurisdiction<br />

where action for that purpose is required. Accordingly no <strong>Note</strong>s may be offered or<br />

sold, directly or indirectly and nei<strong>the</strong>r this Base Prospectus nor any Final <strong>Term</strong>s or<br />

o<strong>the</strong>r offering material may be distributed or published in any jurisdiction, except<br />

under circumstances that will result in compliance with any applicable laws and<br />

regulations and <strong>the</strong> Dealers have represented that all offers and sales by <strong>the</strong>m will be<br />

made on <strong>the</strong> same terms. Persons into whose possession this Base Prospectus or<br />

any Final <strong>Term</strong>s comes are required by <strong>the</strong> Issuer and <strong>the</strong> Dealers to inform<br />

<strong>the</strong>mselves about and to observe any such restrictions.<br />

For a description of certain restrictions on offers, sales and deliveries of <strong>Note</strong>s and on<br />

<strong>the</strong> distribution of this Base Prospectus or any Final <strong>Term</strong>s and o<strong>the</strong>r offering material<br />

relating to <strong>the</strong> <strong>Note</strong>s, see "Subscription and Sale". In particular, <strong>Note</strong>s have not been<br />

and will not be registered under <strong>the</strong> United States Securities Act of 1933, as amended,<br />

and may include <strong>Note</strong>s in bearer form which are subject to U.S. tax law requirements.<br />

<strong>Under</strong> United States legislation, subject to certain exceptions, <strong>Note</strong>s may not be<br />

offered, sold or delivered within <strong>the</strong> United States or to U.S. persons.<br />

Nei<strong>the</strong>r this Base Prospectus nor any Final <strong>Term</strong>s constitutes an offer or an invitation<br />

to subscribe for or purchase any <strong>Note</strong>s and should not be considered as a<br />

recommendation by <strong>the</strong> Issuer, <strong>the</strong> Dealers or any of <strong>the</strong>m that any recipient of this<br />

Base Prospectus or any Final <strong>Term</strong>s should subscribe for or purchase any <strong>Note</strong>s.<br />

Each recipient of this Base Prospectus or any Final <strong>Term</strong>s shall be taken to have<br />

made its own investigation and appraisal of <strong>the</strong> condition (financial or o<strong>the</strong>rwise) of<br />

<strong>the</strong> Issuer.<br />

In connection with <strong>the</strong> issue of any Tranche, <strong>the</strong> Dealer or Dealers (if any) named as<br />

<strong>the</strong> stabilising manager(s) (<strong>the</strong> "Stabilising Manager(s)") (or persons acting on behalf<br />

of any Stabilising Manager(s)) in <strong>the</strong> applicable Final <strong>Term</strong>s may over-allot <strong>Note</strong>s or<br />

effect transactions with a view to supporting <strong>the</strong> market price of <strong>the</strong> <strong>Note</strong>s at a level<br />

higher than that which might o<strong>the</strong>rwise prevail. However, <strong>the</strong>re is no assurance that<br />

<strong>the</strong> Stabilising Manager(s) (or persons acting on behalf of a Stabilising Manager) will<br />

undertake stabilisation action. Any stabilisation action may begin on or after <strong>the</strong> date<br />

on which adequate public disclosure of <strong>the</strong> Final <strong>Term</strong>s of <strong>the</strong> offer of <strong>the</strong> relevant<br />

Tranche is made and, if begun, may be ended at any time, but it must end no later than<br />

<strong>the</strong> earlier of 30 days after <strong>the</strong> issue date of <strong>the</strong> relevant Tranche and 60 days after <strong>the</strong><br />

date of <strong>the</strong> allotment of <strong>the</strong> relevant Tranche. Any stabilisation action or overallotment<br />

must be conducted by <strong>the</strong> relevant Stabilising Manager(s) (or person(s)<br />

acting on behalf of any Stabilising Manager(s)) in accordance with applicable laws and<br />

rules.<br />

In addition, liquidity provider(s) may be appointed in connection with <strong>the</strong> issue of any<br />

Tranche, in which case <strong>the</strong> applicable Final <strong>Term</strong>s will include all relevant details<br />

regarding <strong>the</strong> entity (ies) which have a firm commitment to act as intermediary (ies) in<br />

secondary trading.<br />

All references in this Base Prospectus to "€", "EUR" and "<strong>Euro</strong>" are to <strong>the</strong> single<br />

currency introduced at <strong>the</strong> start of <strong>the</strong> third stage of <strong>Euro</strong>pean Economic and<br />

Monetary Union pursuant to <strong>the</strong> Treaty establishing <strong>the</strong> <strong>Euro</strong>pean Community, as<br />

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