Filed Pursuant to Rule 433
Registration Statement No. 333-207700
Pricing Term Sheet
August 31, 2016
Delphi Automotive PLC
Pricing Term Sheet
| Issuer: | Delphi Automotive PLC | |
| Guarantees: | The notes will be guaranteed by certain of the Issuer’s existing and future subsidiaries that are obligors under Delphi Corporation’s outstanding notes and revolving credit facility. | |
| Security: | 1.600% Senior Notes due 2028 | |
| Principal Amount: | €500,000,000 | |
| Trade Date: | August 31, 2016 | |
| Settlement Date**: | September 15, 2016 | |
| Maturity: | September 15, 2028 | |
| Interest Payment Dates: | Annually on September 15, beginning on September 15, 2017 | |
| Mid-Swap Yield: | 0.411% | |
| Spread to Mid-Swap Yield: | +120 bps | |
| Re-offer Yield: | 1.611% | |
| Coupon (Interest Rate): | 1.600% | |
| Issue Price (Price to Public): | 99.881% of face amount | |
| Benchmark Bund: | DBR 0% due August 15, 2026 | |
| Benchmark Bund Yield: | -0.088% | |
| Spread to Benchmark Bund: | +169.9 bps | |
| Gross Proceeds: | €499,405,000 | |
| Fees: | 0.50% | |
| Net Proceeds before Estimated Expenses: | €496,905,000 | |
| Day Count Fraction: | Actual/Actual (ICMA) | |
| Denominations: | €100,000 and integral multiples of €1,000 in excess thereof | |
| Redemption Provisions: | ||
| Make-Whole Call: | Before the par call date at a discount rate of the applicable Comparable Government Bond Rate plus 25 basis points, plus accrued and unpaid interest, if any | |
| Par Call: | Commencing June 15, 2028, plus accrued and unpaid interest, if any | |
| Use of Proceeds: | Repay a portion of Delphi Corporation’s 5.00% Senior Notes due 2023 | |
| Clearing and Settlement: | Euroclear/Clearstream | |
| Stabilization: | Stabilization/FCA | |
| CUSIP/ISIN/Common Code: | 24713G AC6 / XS1485603747 / 148560374 | |
| Listing: | Application will be made to list the notes on the New York Stock Exchange | |
| Anticipated Ratings*: | Baa3 (p) /BBB (s) /BBB (s) | |
| Joint Book-Running Managers: | Barclays Bank PLC Deutsche Bank AG, London Branch J.P. Morgan Securities plc | |
| Co-Managers: | BNP Paribas Morgan Stanley & Co. LLC SMBC Nikko Capital Markets Limited Société Générale TD Securities (USA) LLC UniCredit Bank AG Wells Fargo Securities International Limited |
*Note: A securities rating is not a recommendation to buy, sell or hold securities and may be revised or withdrawn at any time.
**It is expected that delivery of the notes will be made to investors on or about September 15, 2016, which will be the tenth US business day following the date hereof (such settlement being referred to as “T+10”). Under Rule 15c6-1 under the Securities Exchange Act of 1934, trades in the secondary market are required to settle in three business days, unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade the notes on the date of pricing or the next succeeding six business days will be required, by virtue of the fact that the notes initially settle in T+10, to specify an alternate settlement arrangement at the time of any such trade to prevent a failed settlement. Purchasers of the notes who wish to trade the notes on the date of pricing or the next succeeding six business days 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 or emailing, as applicable, (1) Barclays Bank PLC at +44 (0) 20 7773 9098, (2) Deutsche Bank AG, London Branch toll-free at 1-800-503-4611 (or via email atsynops@list.db.com) or (3) J.P. Morgan Securities plc collect at +44-207-134-2468.
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