Exhibit 99.3
***Portions of this exhibit have been omitted pursuant to a request for confidential treatment under
Rule 24b-2 of the Exchange Act. Redacted information has been filed separately with the Commission.
ISDA®
International Swaps and Derivatives Association, Inc.
AMENDMENT AGREEMENT
dated as of 5 April 2024
between
Morgan Stanley Bank, N.A.
(“MSBNA”)
and
Morgan Stanley & Co International PLC
(“MSIP”)
and
Green Bridge Investment Company SCS
(“Counterparty”)
acting through Green Bridge Management SARL
(“General Partner”)
MSBNA and Counterparty, a company incorporated under the laws of the Grand Duchy of Luxembourg as a societe en commandite simple with its registered office at 12E, rue Guillaume Kroll, L-1882 Luxembourg, Grand Duchy of Luxembourg and registered with the Luxembourg Register of Commerce and Companies (Registre de Commerce et des Societes a Luxembourg) under number B277850 acting through Green Bridge Management SARL, a company incorporated under the laws of the Grand Duchy of Luxembourg as a societe a responsabilite limitee with its registered office at 12E, rue Guillaume Kroll, L-1882 Luxembourg, Grand Duchy of Luxembourg and registered with the Luxembourg Register of Commerce and Companies (Registre de Commerce et des Societes a Luxembourg) under number B277712, have previously entered into, among other transactions:
| (i) | a confirmation of an equity collar transaction dated 5 September 2023 (the “Collar Confirmation”) which supplements, forms a part of, and is subject to the ISDA 2002 Master Agreement that is deemed to have been entered into between MSBNA and Counterparty pursuant to the terms of the Collar Confirmation (as amended or supplemented from time to time) (the “MSBNA Master Agreement”); and |
1
| (ii) | a confirmation of a series of option transactions dated 5 September 2023 (the “Forward Confirmation”), which supplements, forms a part of, and is subject to the MSBNA Master Agreement) (the MSBNA Master Agreement, together with the Collar Confirmation and the Forward Confirmation and each other confirmation entered into under the MSBNA Master Agreement, the “MSBNA Agreement”). |
MSIP and Counterparty have previously entered into, among other transactions, a confirmation of a contingent share sale and purchase transaction dated 5 September 2023 (the “SPA Confirmation (Contingent)”) which supplements, forms a part of, and is subject to the ISDA 2002 Master Agreement that is deemed to have been entered into between MSIP and Counterparty pursuant to the terms of the confirmation of a share swap transaction entered into between MSIP and Counterparty with a trade date of 12 June 2023 (the “MSIP Master Agreement” and, together with the SPA Confirmation (Contingent) and each other confirmation entered into under the MSIP Master Agreement, the “MSIP Agreement”).
MSBNA and Counterparty have now agreed to amend the MSBNA Agreement, and MSIP and Counterparty have now agreed to amend the MSIP Agreement, each pursuant to the terms of this Amendment Agreement (this “Amendment Agreement”).
As used in this Amendment Agreement, unless otherwise agreed among the parties hereto, “Amendment Effective Date” means the date of this Amendment Agreement provided that on such date MSBNA notifies Counterparty that MSBNA and MSIP have received, in form and substance satisfactory to each of them (acting reasonably), or have waived the receipt of, each of the documents and evidence set out in Schedule 3 (Conditions Precedent) hereto. MSBNA agrees to promptly notify Counterparty upon the satisfaction or waiver of Counterparty’s obligations to so deliver such documents and other evidence.
Terms defined in the MSBNA Agreement or MSIP Agreement shall have the same meaning when used in this Amendment Agreement as applicable, unless otherwise defined herein.
Accordingly, in consideration of the mutual agreements contained in this Amendment Agreement, the parties agree, subject as set out in Clause 6(c) below, as follows:
| 1 | Amendments to SPA Confirmation (Contingent) |
MSIP and Counterparty agree that with effect from the Amendment Effective Date the SPA Confirmation (Contingent) will be amended as follows:
“Number of Shares: 287,522,907.”
shall be deleted and replaced with the following:
“Number of Shares: 283,508,077.”
2
| 2 | Amendments to MSBNA Agreement |
MSBNA and Counterparty agree that with effect from the Amendment Effective Date the MSBNA Agreement will be amended as follows:
| (a) | the Initial Pricing Supplement shall be amended and restated in the form set forth in Schedule 1 (Amended and Restated Initial Pricing Supplement) of this Amendment Agreement. For the avoidance of doubt, the amended and restated Initial Pricing Supplement reflects that the aggregate Number of Options in respect of the Put Option Transactions and the Call Option Transactions is respectively reduced by 4,014,830 Options (corresponding to a total reduction of 8,029,660 Options in aggregate across all Transaction Pairs); and |
| (b) | the Final Pricing Supplement shall be amended and restated in the form set forth in Schedule 2 (Amended and Restated Final Pricing Supplement) of this Amendment Agreement. For the avoidance of doubt, the amended and restated Final Pricing Supplement reflects a reduction of the Deferred Fee Amount for the purposes of the Collar Confirmation from *** to *** and a reduction of the Independent Amount for the purposes of the Forward Confirmation from *** to ***. |
| 3 | Payments in respect of amendments |
| (a) | In connection with the amendments made by this Amendment Agreement, on the day falling two Exchange Business Days immediately following the Amendment Effective Date: |
| (i) | MSBNA shall pay to Counterparty an amount in EUR equal to the IA Unwind Amount; |
| (ii) | if the Forward Unwind Amount is positive, MSBNA shall pay such amount to Counterparty; |
| (iii) | if the Forward Unwind Amount is negative, Counterparty shall pay the absolute value of such amount to MSBNA; |
| (iv) | if the Collar Unwind Amount is positive, MSBNA shall pay such amount to Counterparty; and |
| (v) | if the Collar Unwind Amount is negative, Counterparty shall pay the absolute value of such amount to MSBNA; |
where:
“Collar Unwind Amount” means the amount in EUR specified in the column headed “Collar Unwind Amount (EUR)” if the Unwind Closing Price is equal to the share price specified under the heading “Closing Price (EUR)” in the table set out in Schedule 4 hereto.
Provided that:
| (A) | if the Unwind Closing Price falls between any two “Closing Prices (EUR)” listed in the table set out in Schedule 4 hereto, then MSBNA shall determine the Collar Unwind Amount using linear interpolation by reference to (I) the Unwind Closing Price and the “Closing Price (EUR)” listed immediately above and below the Unwind Closing Price in the table set out in Schedule 4 hereto and (II) the Collar Unwind Amounts set out in the rows corresponding to the applicable “Closing Price (EUR)” in the table set out in Schedule 4 hereto immediately above and below the Unwind Closing Price; and |
3
| (B) | if the Unwind Closing Price is lower than the lowest or higher than the highest Closing Price (EUR) specified in the table in Schedule 4 under the heading “Closing Price (EUR)”, then MSBNA shall determine the Collar Unwind Amount as if this were a determination to be made by it as Calculation Agent under the MSBNA Agreement and for this purpose the “Calculation Agent” provisions of the Collar Confirmation shall be deemed to apply to such determination. |
MSBNA, MSIP and Counterparty acknowledge and agree that (i) the Collar Unwind Amount is net of the amount of *** owed by Counterparty to MSIP in connection with certain legal fees as set out under the clause “Transaction Costs” of the confirmation between MSIP and Counterparty dated 12 June 2023 (the “Transaction Costs Clause”), (ii) payment of the Collar Unwind Amount will satisfy Counterparty’s obligations under the Transaction Costs Clause in full and Counterparty shall have no further payment obligation under the Transaction Costs Clause, and (iii) MSBNA and MSIP will separately agree arrangements between themselves in relation to the discharge of Counterparty’s obligations in respect of the Transaction Costs Clause which are to be satisfied in accordance with (ii) above.
For the avoidance of doubt, the payments to be made by MSBNA and Counterparty pursuant to this Clause shall be subject to the operation of Section 2(c) of the MSBNA Master Agreement;
“Forward Unwind Amount” means an amount in EUR equal to the value of the Unwind Closing Price minus the Initial Price (***) multiplied by the Forward Unwind Number of Shares;
“Forward Unwind Number of Shares” means 4,014,830 Shares;
“IA Unwind Amount” means *** (being the EUR amount equal to the product of (A) the Forward Unwind Number of Shares and (B) the Initial Price (***); and
“Unwind Closing Price” means a price per Share in EUR equal to the official closing price per Share on the Exchange on the Amendment Effective Date as published by the Exchange except that if no such official closing price is published by the Exchange on the Amendment Effective Date, then MSBNA shall determine the Unwind Closing Price as if this were a determination to be made by it as Calculation Agent under the MSBNA Agreement and for this purpose the “Calculation Agent” provisions of the Collar Confirmation shall be deemed to apply to such determination.
| 4 | Acknowledgements |
| (a) | Counterparty acknowledges and agrees that MSBNA has complied with any obligation it has under the MSBNA Agreement to consult with Counterparty in relation to the amendments contemplated by this Amendment Agreement. |
4
| (b) | Counterparty acknowledges and agrees that MSIP has complied with any obligation it has under the MSIP Agreement to consult with Counterparty in relation to the amendments contemplated by this Amendment Agreement. |
| (c) | Without prejudice to their respective rights and obligations under this Amendment Agreement, the MSBNA Agreement and the MSIP Agreement, MSBNA, MSIP and Counterparty acknowledge and agree that the entry into and performance of their respective obligations under this Amendment Agreement shall not trigger the occurrence of a termination or cancellation under the MSBNA Agreement or the MSIP Agreement (including without limitation an “Additional Termination Event” under the MSBNA Agreement or the MSIP Agreement). |
| 5 | Representations |
| (a) | Each of MSBNA and Counterparty makes to the other party all the representations specified to be made by it pursuant to the MSBNA Agreement (including each of the Additional Representations specified in the Collar Confirmation and the Forward Confirmation) as of the date of this Amendment Agreement, except that each reference in any such representation to the Transactions (or any one of them), the Collar Confirmation or the Forward Confirmation (as applicable), the MSBNA Master Agreement, or any Transaction Document (including any references to the execution of, delivery of, entry into or performance of any such document, transaction or obligation thereunder) shall be deemed to be a reference to (i) this Amendment Agreement; and (ii) the Transaction (as defined in the Collar Confirmation or the Forward Confirmation (as applicable)) and the Collar Confirmation or the Forward Confirmation (as applicable) as amended pursuant to this Amendment Agreement. |
| (b) | Each of MSIP and Counterparty makes to the other party all the representations specified to be made by it pursuant to the MSIP Agreement (including each of the Additional Representations specified in the SPA Confirmation (Contingent)) as of the date of this Amendment Agreement, except that each reference in any such representation to the Transaction, the SPA Confirmation (Contingent), the MSIP Master Agreement, or any Transaction Document (including any references to the execution of, delivery of, entry into or performance of any such document, transaction or obligation thereunder) shall be deemed to be a reference to (i) this Amendment Agreement; and (ii) the Transaction (as defined in the SPA Confirmation (Contingent) and the SPA Confirmation (Contingent) as amended pursuant to this Amendment Agreement. |
| (c) | Counterparty covenants to deliver to MSBNA and MSIP, and makes the representation set forth in Section 3(d) of the MSBNA Agreement in respect of, each of the conditions precedent documents listed at paragraph 1 (The Counterparty) of Schedule 3 (Conditions Precedent) to this Amendment Agreement. |
5
| 6 | Miscellaneous |
| (a) | Payments and deliveries. Each of (i) MSBNA and Counterparty and (ii) MSIP and Counterparty respectively acknowledges and agrees that any obligation of a party to make a payment to the other party pursuant to this Amendment Agreement is a payment obligation in respect of the Transaction to which such payment relates under and for the purposes of the MSBNA Agreement or the MSIP Agreement (as applicable) (including, without limitation, for the purposes of Section 2(c) of the MSBNA Master Agreement or the MSIP Master Agreement (as applicable)). |
| (b) | Secured Document. MSBNA and Counterparty hereby designate this Amendment Agreement a Transaction Document for the purposes of the MSBNA Agreement and a Secured Document for the purposes of the Security Agreement. MSBNA and Counterparty hereby agree that the Collar Confirmation and the Forward Confirmation, each as amended by this Amendment Agreement, continue to be Secured Documents for the purposes of the Security Agreement. |
| (c) | Failure of the Amendment Effective Date to occur. If the Amendment Effective Date does not occur on or prior to the date of this Amendment Agreement: |
| (i) | the SPA Confirmation (Contingent) will not be amended on the terms of Clause 1 of this Amendment Agreement; |
| (ii) | the MSBNA Agreement will not be amended on the terms of Clause 2 of this Amendment Agreement; and |
| (iii) | none of the amounts payable under Clause 3 will be payable. |
| 7 | Entire Agreement. |
| (a) | This Amendment Agreement constitutes the entire agreement and understanding of the parties with respect to its subject matter and supersedes all oral communication and prior writings except as otherwise provided herein with respect thereto. |
| (b) | Except for any amendment to the MSBNA Agreement or the MSIP Agreement made pursuant to this Amendment Agreement, all terms and conditions of the MSBNA Agreement and the MSIP Agreement will each continue in full force and effect in accordance with its provisions on the date of this Amendment Agreement. References to (i) the MSBNA Agreement will be to the MSBNA Agreement, as amended by this Amendment Agreement and (ii) the MSIP Agreement will be to the MSIP Agreement, as amended by this Amendment Agreement. |
| (c) | Amendments. No amendment, modification or waiver in respect of the matters contemplated by this Amendment Agreement will be effective unless made in accordance with the terms of the MSBNA Agreement or the MSIP Agreement (as applicable). |
| (d) | Counterparts. This Amendment Agreement may be executed and delivered in counterparts (including by facsimile transmission), each of which will be deemed an original. |
6
| (e) | Headings. The headings used in this Amendment Agreement are for convenience of reference only and are not to affect the construction or to be taken into consideration in interpreting this Amendment Agreement. |
| (f) | Governing Law. This Amendment Agreement and any non-contractual obligations arising out of or in connection with this Amendment Agreement will be governed by and construed in accordance with the governing law of the MSBNA Agreement. |
| (g) | Jurisdiction. The provisions of Sections 13(b) to (d) (inclusive) of the MSBNA Master Agreement apply to this Amendment Agreement as though they were set out in full in this Amendment Agreement mutatis mutandis except that the reference to “this Agreement or any Transaction” shall be construed as a reference to this Amendment Agreement. |
7
IN WITNESS WHEREOF, the parties have executed this Amendment Agreement on the respective dates specified below with effect from the date specified on the first page of this Amendment Agreement.
MORGAN STANLEY BANK, N.A.
(“MSBNA”) | GREEN BRIDGE INVESTMENT
acting through GREEN BRIDGE
itself represented by: | |||
| By | By | |||
| Name: | *** | Name: | ||
| Title: | Managing Director | Title: | ||
MORGAN STANLEY & CO INTERNATIONAL PLC
(“MSIP”) | ||||
| By | ||||
| Name: | ||||
| Title: | ||||
8
IN WITNESS WHEREOF, the parties have executed this Amendment Agreement on the respective dates specified below with effect from the date specified on the first page of this Amendment Agreement.
MORGAN STANLEY BANK, N.A.
(“MSBNA”) | GREEN BRIDGE INVESTMENT
acting through GREEN BRIDGE
itself represented by: | |||
| By | By | |||
| Name: | Name: | *** | ||
| Title: | Title: | Manager | ||
MORGAN STANLEY & CO INTERNATIONAL PLC
(“MSIP”) | ||||
| By | ||||
| Name: | ||||
| Title: | ||||
9
IN WITNESS WHEREOF, the parties have executed this Amendment Agreement on the respective dates specified below with effect from the date specified on the first page of this Amendment Agreement.
MORGAN STANLEY BANK, N.A.
(“MSBNA”) | GREEN BRIDGE INVESTMENT
acting through GREEN BRIDGE
itself represented by: | |||
| By | By | |||
| Name: | Name: | |||
| Title: | Title: | |||
MORGAN STANLEY & CO
(“MSIP”) | ||||
| By | ||||
| Name: | *** | |||
| Title: | Managing Director | |||
10
SCHEDULE 1
AMENDED AND RESTATED INITIAL PRICING SUPPLEMENT
11
Initial Pricing Supplement
Initial Pricing Supplement dated 5 September 2023, as amended and restated on 5 April 2024
To: Green Bridge Investment Company SCS (“Party B”)
From: Morgan Stanley Bank, N.A. (“Party A”)
This is the Initial Pricing Supplement to the confirmation of an equity collar transaction dated 5 September 2023, as amended on 5 April 2024 between Party A and Party B (the “Collar Confirmation”) which supplements and forms part of the Collar Confirmation relating to such Transactions. No Transactions will be created by the delivery or confirmation of this Initial Pricing Supplement.
This Initial Pricing Supplement sets out (i) terms applicable to the Collar Confirmation at Part 1 below, and (ii) terms applicable to the series of options transactions evidenced by a confirmation relating to such transactions dated 5 September 2023, as amended on 5 April 2024 between Party A and Party B (the “Forward Confirmation”) at Part 2 below, and supplements and forms part of the Forward Confirmation.
12
Part 1
Terms relating to Collar Transaction
Terms defined in the Collar Confirmation shall bear the same meaning in this Part 1 (Terms relating to Collar Transaction) of this Initial Pricing Supplement. In the event of any inconsistency between the provisions of the Agreement the following order of priority will apply for the purposes of the Transactions: (i) the Transaction Supplement, (ii) the Collar Confirmation, (iii) the Equity Definitions, (iv) the Master Agreement and (b) the ISDA Form.
13
| Terms applicable to individual Option Transactions | |||||
| Bucket | Transaction Pair | Number of Put / Call Options in Put / Call Option Transaction | Scheduled Expiration Date | Put Strike Price Percentage | Call Strike Percentage |
| 1 | 1 | 1,460,673 | *** | *** | *** |
| 1 | 2 | 1,460,673 | *** | *** | *** |
| 1 | 3 | 1,460,673 | *** | *** | *** |
| 1 | 4 | 1,460,673 | *** | *** | *** |
| 1 | 5 | 1,460,673 | *** | *** | *** |
| 1 | 6 | 1,460,673 | *** | *** | *** |
| 1 | 7 | 1,460,673 | *** | *** | *** |
| 1 | 8 | 1,460,673 | *** | *** | *** |
| 1 | 9 | 1,460,673 | *** | *** | *** |
| 1 | 10 | 1,460,673 | *** | *** | *** |
| 1 | 11 | 1,460,673 | *** | *** | *** |
| 1 | 12 | 1,460,673 | *** | *** | *** |
| 1 | 13 | 1,460,673 | *** | *** | *** |
| 1 | 14 | 1,460,673 | *** | *** | *** |
| 1 | 15 | 1,460,673 | *** | *** | *** |
| 1 | 16 | 1,460,673 | *** | *** | *** |
| 1 | 17 | 1,460,673 | *** | *** | *** |
| 1 | 18 | 1,460,673 | *** | *** | *** |
14
| 1 | 19 | 1,460,673 | *** | *** | *** |
| 1 | 20 | 1,460,673 | *** | *** | *** |
| 1 | 21 | 1,460,673 | *** | *** | *** |
| 1 | 22 | 1,460,673 | *** | *** | *** |
| 1 | 23 | 1,460,673 | *** | *** | *** |
| 1 | 24 | 1,460,673 | *** | *** | *** |
| 1 | 25 | 1,460,673 | *** | *** | *** |
| 1 | 26 | 1,460,673 | *** | *** | *** |
| 1 | 27 | 1,460,673 | *** | *** | *** |
| 1 | 28 | 1,460,673 | *** | *** | *** |
| 1 | 29 | 1,460,673 | *** | *** | *** |
| 1 | 30 | 1,460,673 | *** | *** | *** |
| 1 | 31 | 1,460,673 | *** | *** | *** |
| 1 | 32 | 1,460,673 | *** | *** | *** |
| 1 | 33 | 1,460,673 | *** | *** | *** |
| 1 | 34 | 1,460,673 | *** | *** | *** |
| 1 | 35 | 1,460,673 | *** | *** | *** |
| 1 | 36 | 1,460,673 | *** | *** | *** |
| 1 | 37 | 1,460,673 | *** | *** | *** |
| 1 | 38 | 1,460,673 | *** | *** | *** |
15
| 1 | 39 | 1,460,673 | *** | *** | *** |
| 1 | 40 | 1,460,673 | *** | *** | *** |
| 1 | 41 | 1,460,673 | *** | *** | *** |
| 1 | 42 | 1,460,673 | *** | *** | *** |
| 1 | 43 | 1,460,673 | *** | *** | *** |
| 1 | 44 | 1,460,673 | *** | *** | *** |
| 1 | 45 | 1,460,673 | *** | *** | *** |
| 1 | 46 | 1,460,673 | *** | *** | *** |
| 1 | 47 | 1,460,673 | *** | *** | *** |
| 1 | 48 | 1,460,673 | *** | *** | *** |
| 1 | 49 | 1,460,673 | *** | *** | *** |
| 1 | 50 | 1,460,673 | *** | *** | *** |
| 1 | 51 | 1,460,673 | *** | *** | *** |
| 1 | 52 | 1,460,673 | *** | *** | *** |
| 1 | 53 | 1,460,673 | *** | *** | *** |
| 1 | 54 | 1,460,673 | *** | *** | *** |
| 1 | 55 | 1,460,673 | *** | *** | *** |
| 1 | 56 | 1,460,673 | *** | *** | *** |
| 1 | 57 | 1,460,673 | *** | *** | *** |
| 1 | 58 | 1,460,673 | *** | *** | *** |
| 1 | 59 | 1,460,673 | *** | *** | *** |
16
| 1 | 60 | 1,460,673 | *** | *** | *** |
| 1 | 61 | 1,460,673 | *** | *** | *** |
| 1 | 62 | 1,460,673 | *** | *** | *** |
| 1 | 63 | 1,460,673 | *** | *** | *** |
| 1 | 64 | 1,460,673 | *** | *** | *** |
| 1 | 65 | 1,460,673 | *** | *** | *** |
| 1 | 66 | 1,460,673 | *** | *** | *** |
| 1 | 67 | 1,460,673 | *** | *** | *** |
| 1 | 68 | 1,460,673 | *** | *** | *** |
| 1 | 69 | 1,460,673 | *** | *** | *** |
| 1 | 70 | 1,460,673 | *** | *** | *** |
| 1 | 71 | 1,460,673 | *** | *** | |
| 1 | 72 | 1,460,673 | *** | *** | *** |
| 1 | 73 | 1,460,673 | *** | *** | *** |
| 1 | 74 | 1,460,673 | *** | *** | *** |
| 1 | 75 | 1,460,673 | *** | *** | *** |
| 1 | 76 | 1,460,673 | *** | *** | *** |
| 1 | 77 | 1,460,673 | *** | *** | *** |
| 1 | 78 | 1,460,673 | *** | *** | *** |
| 1 | 79 | 1,460,673 | *** | *** | *** |
| 1 | 80 | 1,460,673 | *** | *** | *** |
| 1 | 81 | 1,460,673 | *** | *** | *** |
17
| 1 | 82 | 1,460,673 | *** | *** | *** |
| 1 | 83 | 1,460,673 | *** | *** | *** |
| 1 | 84 | 1,460,673 | *** | *** | *** |
| 1 | 85 | 1,460,673 | *** | *** | *** |
| 1 | 86 | 1,460,673 | *** | *** | *** |
| 1 | 87 | 1,460,673 | *** | *** | *** |
| 1 | 88 | 1,460,673 | *** | *** | *** |
| 1 | 89 | 1,460,673 | *** | *** | *** |
| 1 | 90 | 1,460,673 | *** | *** | *** |
| 1 | 91 | 1,460,673 | *** | *** | *** |
| 1 | 92 | 1,460,673 | *** | *** | *** |
| 1 | 93 | 1,460,673 | *** | *** | *** |
| 1 | 94 | 1,460,673 | *** | *** | *** |
| 1 | 95 | 1,460,673 | *** | *** | *** |
| 1 | 96 | 1,460,673 | *** | *** | *** |
| 1 | 97 | 1,460,673 | *** | *** | *** |
| 1 | 98 | 1,460,673 | *** | *** | *** |
| 1 | 99 | 1,460,673 | *** | *** | *** |
| 1 | 100 | 1,460,673 | *** | *** | *** |
| 1 | 101 | 1,460,673 | *** | *** | *** |
| 1 | 102 | 1,460,673 | *** | *** | *** |
18
| 1 | 103 | 1,460,674 | *** | *** | *** |
| 1 | 104 | 1,460,674 | *** | *** | *** |
| 1 | 105 | 1,460,674 | *** | *** | *** |
| 1 | 106 | 1,460,674 | *** | *** | *** |
| 1 | 107 | 1,460,674 | *** | *** | *** |
| 1 | 108 | 1,460,674 | *** | *** | *** |
| 1 | 109 | 1,460,674 | *** | *** | *** |
| 1 | 110 | 1,460,674 | *** | *** | *** |
| 1 | 111 | 1,460,674 | *** | *** | *** |
| 1 | 112 | 1,460,674 | *** | *** | *** |
| 1 | 113 | 1,460,674 | *** | *** | *** |
| 1 | 114 | 1,460,674 | *** | *** | *** |
| 1 | 115 | 1,460,674 | *** | *** | *** |
| 1 | 116 | 1,460,674 | *** | *** | *** |
| 1 | 117 | 1,460,674 | *** | *** | *** |
| 1 | 118 | 1,460,674 | *** | *** | *** |
| 1 | 119 | 1,460,674 | *** | *** | *** |
| 1 | 120 | 1,460,674 | *** | *** | *** |
| 1 | 121 | 1,460,674 | *** | *** | *** |
| 1 | 122 | 1,460,674 | *** | *** | *** |
| 1 | 123 | 1,460,674 | *** | *** | *** |
19
| 1 | 124 | 1,460,674 | *** | *** | *** |
| 1 | 125 | 1,460,674 | *** | *** | *** |
| 1 | 126 | 1,460,674 | *** | *** | *** |
| 1 | 127 | 1,460,674 | *** | *** | *** |
| 1 | 128 | 1,460,674 | *** | *** | *** |
| 1 | 129 | 1,460,674 | *** | *** | *** |
| 2 | 130 | 1,460,673 | *** | *** | *** |
| 2 | 131 | 1,460,673 | *** | *** | *** |
| 2 | 132 | 1,460,673 | *** | *** | *** |
| 2 | 133 | 1,460,673 | *** | *** | *** |
| 2 | 134 | 1,460,673 | *** | *** | *** |
| 2 | 135 | 1,460,673 | *** | *** | *** |
| 2 | 136 | 1,460,673 | *** | *** | *** |
| 2 | 137 | 1,460,673 | *** | *** | *** |
| 2 | 138 | 1,460,673 | *** | *** | *** |
| 2 | 139 | 1,460,673 | *** | *** | *** |
| 2 | 140 | 1,460,673 | *** | *** | *** |
| 2 | 141 | 1,460,673 | *** | *** | *** |
| 2 | 142 | 1,460,673 | *** | *** | *** |
| 2 | 143 | 1,460,673 | *** | *** | *** |
| 2 | 144 | 1,460,673 | *** | *** | *** |
20
| 2 | 145 | 1,460,673 | *** | *** | *** |
| 2 | 146 | 1,460,673 | *** | *** | *** |
| 2 | 147 | 1,460,673 | *** | *** | *** |
| 2 | 148 | 1,460,673 | *** | *** | *** |
| 2 | 149 | 1,460,673 | *** | *** | *** |
| 2 | 150 | 1,460,673 | *** | *** | *** |
| 2 | 151 | 1,460,673 | *** | *** | *** |
| 2 | 152 | 1,460,673 | *** | *** | *** |
| 2 | 153 | 1,460,673 | *** | *** | *** |
| 2 | 154 | 1,460,673 | *** | *** | *** |
| 2 | 155 | 1,460,673 | *** | *** | *** |
| 2 | 156 | 1,460,673 | *** | *** | *** |
| 2 | 157 | 1,460,673 | *** | *** | *** |
| 2 | 158 | 1,460,673 | *** | *** | *** |
| 2 | 159 | 1,460,673 | *** | *** | *** |
| 2 | 160 | 1,460,673 | *** | *** | *** |
| 2 | 161 | 1,460,673 | *** | *** | *** |
| 2 | 162 | 1,460,673 | *** | *** | *** |
| 2 | 163 | 1,460,673 | *** | *** | *** |
| 2 | 164 | 1,460,673 | *** | *** | *** |
| 2 | 165 | 1,460,673 | *** | *** | *** |
21
| 2 | 166 | 1,460,673 | *** | *** | *** |
| 2 | 167 | 1,460,673 | *** | *** | *** |
| 2 | 168 | 1,460,673 | *** | *** | *** |
| 2 | 169 | 1,460,673 | *** | *** | *** |
| 2 | 170 | 1,460,673 | *** | *** | *** |
| 2 | 171 | 1,460,673 | *** | *** | *** |
| 2 | 172 | 1,460,673 | *** | *** | *** |
| 2 | 173 | 1,460,673 | *** | *** | *** |
| 2 | 174 | 1,460,673 | *** | *** | *** |
| 2 | 175 | 1,460,673 | *** | *** | *** |
| 2 | 176 | 1,460,673 | *** | *** | *** |
| 2 | 177 | 1,460,673 | *** | *** | *** |
| 2 | 178 | 1,460,673 | *** | *** | *** |
| 2 | 179 | 1,460,673 | *** | *** | *** |
| 2 | 180 | 1,460,673 | *** | *** | *** |
| 2 | 181 | 1,460,673 | *** | *** | *** |
| 2 | 182 | 1,460,673 | *** | *** | *** |
| 2 | 183 | 1,460,673 | *** | *** | *** |
| 2 | 184 | 1,460,673 | *** | *** | *** |
| 2 | 185 | 1,460,673 | *** | *** | *** |
| 2 | 186 | 1,460,673 | *** | *** | *** |
22
| 2 | 187 | 1,460,673 | *** | *** | *** |
| 2 | 188 | 1,460,673 | *** | *** | *** |
| 2 | 189 | 1,460,673 | *** | *** | *** |
| 2 | 190 | 1,460,673 | *** | *** | *** |
| 2 | 191 | 1,460,673 | *** | *** | *** |
| 2 | 192 | 1,460,673 | *** | *** | *** |
| 2 | 193 | 1,460,673 | *** | *** | *** |
| 2 | 194 | 1,460,673 | *** | *** | *** |
| 2 | 195 | 1,460,673 | *** | *** | *** |
| 2 | 196 | 1,460,673 | *** | *** | *** |
| 2 | 197 | 1,460,673 | *** | *** | *** |
| 2 | 198 | 1,460,673 | *** | *** | *** |
| 2 | 199 | 1,460,673 | *** | *** | *** |
| 2 | 200 | 1,460,673 | *** | *** | *** |
| 2 | 201 | 1,460,673 | *** | *** | *** |
| 2 | 202 | 1,460,673 | *** | *** | *** |
| 2 | 203 | 1,460,673 | *** | *** | *** |
| 2 | 204 | 1,460,673 | *** | *** | *** |
| 2 | 205 | 1,460,673 | *** | *** | *** |
| 2 | 206 | 1,460,673 | *** | *** | *** |
| 2 | 207 | 1,460,673 | *** | *** | *** |
23
| 2 | 208 | 1,460,673 | *** | *** | *** |
| 2 | 209 | 1,460,673 | *** | *** | *** |
| 2 | 210 | 1,460,673 | *** | *** | *** |
| 2 | 211 | 1,460,673 | *** | *** | *** |
| 2 | 212 | 1,460,673 | *** | *** | *** |
| 2 | 213 | 1,460,673 | *** | *** | *** |
| 2 | 214 | 1,460,673 | *** | *** | *** |
| 2 | 215 | 1,460,673 | *** | *** | *** |
| 2 | 216 | 1,460,673 | *** | *** | *** |
| 2 | 217 | 1,460,673 | *** | *** | *** |
| 2 | 218 | 1,460,673 | *** | *** | *** |
| 2 | 219 | 1,460,673 | *** | *** | *** |
| 2 | 220 | 1,460,673 | *** | *** | *** |
| 2 | 221 | 1,460,673 | *** | *** | *** |
| 2 | 222 | 1,460,673 | *** | *** | *** |
| 2 | 223 | 1,460,673 | *** | *** | *** |
| 2 | 224 | 1,460,673 | *** | *** | *** |
| 2 | 225 | 1,460,673 | *** | *** | *** |
| 2 | 226 | 1,460,673 | *** | *** | *** |
| 2 | 227 | 1,460,673 | *** | *** | *** |
| 2 | 228 | 1,460,673 | *** | *** | *** |
24
| 2 | 229 | 1,460,673 | *** | *** | *** |
| 2 | 230 | 1,460,673 | *** | *** | *** |
| 2 | 231 | 1,460,673 | *** | *** | *** |
| 2 | 232 | 1,460,673 | *** | *** | *** |
| 2 | 233 | 1,460,673 | *** | *** | *** |
| 2 | 234 | 1,460,673 | *** | *** | *** |
| 2 | 235 | 1,460,674 | *** | *** | *** |
| 2 | 236 | 1,460,674 | *** | *** | *** |
| 2 | 237 | 1,460,674 | *** | *** | *** |
| 2 | 238 | 1,460,674 | *** | *** | *** |
| 2 | 239 | 1,460,674 | *** | *** | *** |
| 2 | 240 | 1,460,674 | *** | *** | *** |
| 2 | 241 | 1,460,674 | *** | *** | *** |
| 2 | 242 | 1,460,674 | *** | *** | *** |
| 2 | 243 | 1,460,674 | *** | *** | *** |
| 2 | 244 | 1,460,674 | *** | *** | *** |
| 2 | 245 | 1,460,674 | *** | *** | *** |
| 2 | 246 | 1,460,674 | *** | *** | *** |
| 2 | 247 | 1,460,674 | *** | *** | *** |
| 2 | 248 | 1,460,674 | *** | *** | *** |
| 2 | 249 | 1,460,674 | *** | *** | *** |
25
| 2 | 250 | 1,460,674 | *** | *** | *** |
| 2 | 251 | 1,460,674 | *** | *** | *** |
| 2 | 252 | 1,460,674 | *** | *** | *** |
| 2 | 253 | 1,460,674 | *** | *** | *** |
| 2 | 254 | 1,460,674 | *** | *** | *** |
| 2 | 255 | 1,460,674 | *** | *** | *** |
| 2 | 256 | 1,460,674 | *** | *** | *** |
| 2 | 257 | 1,460,674 | *** | *** | *** |
| 2 | 258 | 1,460,674 | *** | *** | *** |
| 2 | 259 | 1,460,674 | *** | *** | *** |
| 3 | 260 | 1,460,673 | *** | *** | *** |
| 3 | 261 | 1,460,673 | *** | *** | *** |
| 3 | 262 | 1,460,673 | *** | *** | *** |
| 3 | 263 | 1,460,673 | *** | *** | *** |
| 3 | 264 | 1,460,673 | *** | *** | *** |
| 3 | 265 | 1,460,673 | *** | *** | *** |
| 3 | 266 | 1,460,673 | *** | *** | *** |
| 3 | 267 | 1,460,673 | *** | *** | *** |
| 3 | 268 | 1,460,673 | *** | *** | *** |
| 3 | 269 | 1,460,673 | *** | *** | *** |
| 3 | 270 | 1,460,673 | *** | *** | *** |
26
| 3 | 271 | 1,460,673 | *** | *** | *** |
| 3 | 272 | 1,460,673 | *** | *** | *** |
| 3 | 273 | 1,460,673 | *** | *** | *** |
| 3 | 274 | 1,460,673 | *** | *** | *** |
| 3 | 275 | 1,460,673 | *** | *** | *** |
| 3 | 276 | 1,460,673 | *** | *** | *** |
| 3 | 277 | 1,460,673 | *** | *** | *** |
| 3 | 278 | 1,460,673 | *** | *** | *** |
| 3 | 279 | 1,460,673 | *** | *** | *** |
| 3 | 280 | 1,460,673 | *** | *** | *** |
| 3 | 281 | 1,460,673 | *** | *** | *** |
| 3 | 282 | 1,460,673 | *** | ***% | *** |
| 3 | 283 | 1,460,673 | *** | *** | *** |
| 3 | 284 | 1,460,673 | *** | *** | *** |
| 3 | 285 | 1,460,673 | *** | *** | *** |
| 3 | 286 | 1,460,673 | *** | *** | *** |
| 3 | 287 | 1,460,673 | *** | *** | *** |
| 3 | 288 | 1,460,673 | *** | *** | *** |
| 3 | 289 | 1,460,673 | *** | *** | *** |
| 3 | 290 | 1,460,673 | *** | *** | *** |
| 3 | 291 | 1,460,673 | *** | *** | *** |
27
| 3 | 292 | 1,460,673 | *** | *** | *** |
| 3 | 293 | 1,460,673 | *** | *** | *** |
| 3 | 294 | 1,460,673 | *** | *** | *** |
| 3 | 295 | 1,460,673 | *** | *** | *** |
| 3 | 296 | 1,460,673 | *** | *** | *** |
| 3 | 297 | 1,460,673 | *** | *** | *** |
| 3 | 298 | 1,460,673 | *** | *** | *** |
| 3 | 299 | 1,460,673 | *** | *** | *** |
| 3 | 300 | 1,460,673 | *** | *** | *** |
| 3 | 301 | 1,460,673 | *** | *** | *** |
| 3 | 302 | 1,460,673 | *** | *** | *** |
| 3 | 303 | 1,460,673 | *** | *** | *** |
| 3 | 304 | 1,460,673 | *** | *** | *** |
| 3 | 305 | 1,460,673 | *** | *** | *** |
| 3 | 306 | 1,460,673 | *** | *** | *** |
| 3 | 307 | 1,460,673 | *** | *** | *** |
| 3 | 308 | 1,460,673 | *** | *** | *** |
| 3 | 309 | 1,460,673 | *** | *** | *** |
| 3 | 310 | 1,460,673 | *** | *** | *** |
| 3 | 311 | 1,460,673 | *** | *** | *** |
| 3 | 312 | 1,460,673 | *** | *** | *** |
28
| 3 | 313 | 1,460,673 | *** | *** | *** |
| 3 | 314 | 1,460,673 | *** | *** | *** |
| 3 | 315 | 1,460,673 | *** | *** | *** |
| 3 | 316 | 1,460,673 | *** | *** | *** |
| 3 | 317 | 1,460,673 | *** | *** | *** |
| 3 | 318 | 1,460,673 | *** | *** | *** |
| 3 | 319 | 1,460,673 | *** | *** | *** |
| 3 | 320 | 1,460,673 | *** | *** | *** |
| 3 | 321 | 1,460,673 | *** | *** | *** |
| 3 | 322 | 1,460,673 | *** | *** | *** |
| 3 | 323 | 1,460,673 | *** | *** | *** |
| 3 | 324 | 1,460,673 | *** | *** | *** |
| 3 | 325 | 1,460,673 | *** | *** | *** |
| 3 | 326 | 1,460,673 | *** | *** | *** |
| 3 | 327 | 1,460,673 | *** | *** | *** |
| 3 | 328 | 1,460,673 | *** | *** | *** |
| 3 | 329 | 1,460,673 | *** | *** | *** |
| 3 | 330 | 1,460,673 | *** | *** | *** |
| 3 | 331 | 1,460,673 | *** | *** | *** |
| 3 | 332 | 1,460,673 | *** | *** | *** |
| 3 | 333 | 1,460,673 | *** | *** | *** |
29
| 3 | 334 | 1,460,673 | *** | *** | *** |
| 3 | 335 | 1,460,673 | *** | *** | *** |
| 3 | 336 | 1,460,673 | *** | *** | *** |
| 3 | 337 | 1,460,673 | *** | *** | *** |
| 3 | 338 | 1,460,673 | *** | *** | *** |
| 3 | 339 | 1,460,673 | *** | *** | *** |
| 3 | 340 | 1,460,673 | *** | *** | *** |
| 3 | 341 | 1,460,673 | *** | *** | *** |
| 3 | 342 | 1,460,673 | *** | *** | *** |
| 3 | 343 | 1,460,673 | *** | *** | *** |
| 3 | 344 | 1,460,673 | *** | *** | *** |
| 3 | 345 | 1,460,673 | *** | *** | *** |
| 3 | 346 | 1,460,673 | *** | *** | *** |
| 3 | 347 | 1,460,673 | *** | *** | *** |
| 3 | 348 | 1,460,673 | *** | *** | *** |
| 3 | 349 | 1,460,673 | *** | *** | *** |
| 3 | 350 | 1,460,673 | *** | *** | *** |
| 3 | 351 | 1,460,673 | *** | *** | *** |
| 3 | 352 | 1,460,673 | *** | *** | *** |
| 3 | 353 | 1,460,673 | *** | *** | *** |
| 3 | 354 | 1,460,673 | *** | *** | *** |
30
| 3 | 355 | 1,460,673 | *** | *** | *** |
| 3 | 356 | 1,460,673 | *** | *** | *** |
| 3 | 357 | 1,460,673 | *** | *** | *** |
| 3 | 358 | 1,460,673 | *** | *** | *** |
| 3 | 359 | 1,460,673 | *** | *** | *** |
| 3 | 360 | 1,460,673 | *** | *** | *** |
| 3 | 361 | 1,460,673 | *** | *** | *** |
| 3 | 362 | 1,460,673 | *** | *** | *** |
| 3 | 363 | 1,460,673 | *** | *** | *** |
| 3 | 364 | 1,460,673 | *** | *** | *** |
| 3 | 365 | 1,460,674 | *** | *** | *** |
| 3 | 366 | 1,460,674 | *** | *** | *** |
| 3 | 367 | 1,460,674 | *** | *** | *** |
| 3 | 368 | 1,460,674 | *** | *** | *** |
| 3 | 369 | 1,460,674 | *** | *** | *** |
| 3 | 370 | 1,460,674 | *** | *** | *** |
| 3 | 371 | 1,460,674 | *** | *** | *** |
| 3 | 372 | 1,460,674 | *** | *** | *** |
| 3 | 373 | 1,460,674 | *** | *** | *** |
| 3 | 374 | 1,460,674 | *** | *** | *** |
| 3 | 375 | 1,460,674 | *** | *** | *** |
31
| 3 | 376 | 1,460,674 | *** | *** | *** |
| 3 | 377 | 1,460,674 | *** | *** | *** |
| 3 | 378 | 1,460,674 | *** | *** | *** |
| 3 | 379 | 1,460,674 | *** | *** | *** |
| 3 | 380 | 1,460,674 | *** | *** | *** |
| 3 | 381 | 1,460,674 | *** | *** | *** |
| 3 | 382 | 1,460,674 | *** | *** | *** |
| 3 | 383 | 1,460,674 | *** | *** | *** |
| 3 | 384 | 1,460,674 | *** | *** | *** |
| 3 | 385 | 1,460,674 | *** | *** | *** |
| 3 | 386 | 1,460,674 | *** | *** | *** |
| 3 | 387 | 1,460,674 | *** | *** | *** |
32
Part 2
Terms relating to Forward Transaction
Terms defined in the Forward Confirmation shall bear the same meaning in this Part 2 (Terms relating to Forward Transaction) of this Initial Pricing Supplement. In the event of any inconsistency between the provisions of the Agreement the following order of priority will apply for the purposes of the Transactions: (i) the Transaction Supplement, (ii) the Forward Confirmation, (iii) the Equity Definitions, (iv) the Master Agreement and (b) the ISDA Form.
33
| Terms applicable to individual Option Transactions | ||
| Transaction Pair | Number of Put / Call Options in Put / Call Option Transaction | Scheduled Expiration Date |
| 1 | 732,578 | *** |
| 2 | 732,578 | *** |
| 3 | 732,578 | *** |
| 4 | 732,578 | *** |
| 5 | 732,578 | *** |
| 6 | 732,578 | *** |
| 7 | 732,578 | *** |
| 8 | 732,578 | *** |
| 9 | 732,578 | *** |
| 10 | 732,578 | *** |
| 11 | 732,578 | *** |
| 12 | 732,578 | *** |
| 13 | 732,578 | *** |
| 14 | 732,578 | *** |
| 15 | 732,578 | *** |
| 16 | 732,578 | *** |
| 17 | 732,578 | *** |
| 18 | 732,578 | *** |
34
| 19 | 732,578 | *** |
| 20 | 732,578 | *** |
| 21 | 732,578 | *** |
| 22 | 732,578 | *** |
| 23 | 732,578 | *** |
| 24 | 732,578 | *** |
| 25 | 732,578 | *** |
| 26 | 732,578 | *** |
| 27 | 732,578 | *** |
| 28 | 732,580 | *** |
| 29 | 732,580 | *** |
| 30 | 732,580 | *** |
| 31 | 732,580 | *** |
| 32 | 732,580 | *** |
| 33 | 732,580 | *** |
| 34 | 732,580 | *** |
| 35 | 732,580 | *** |
| 36 | 732,580 | *** |
| 37 | 732,580 | *** |
| 38 | 732,580 | *** |
| 39 | 732,580 | *** |
35
| 40 | 732,580 | *** |
| 41 | 732,579 | *** |
| 42 | 732,579 | *** |
| 43 | 732,579 | *** |
| 44 | 732,579 | *** |
| 45 | 732,579 | *** |
| 46 | 732,579 | *** |
| 47 | 732,579 | *** |
| 48 | 732,579 | *** |
| 49 | 732,579 | *** |
| 50 | 732,579 | *** |
| 51 | 732,579 | *** |
| 52 | 732,579 | *** |
| 53 | 732,579 | *** |
| 54 | 732,579 | *** |
| 55 | 732,579 | *** |
| 56 | 732,579 | *** |
| 57 | 732,579 | *** |
| 58 | 732,579 | *** |
| 59 | 732,579 | *** |
| 60 | 732,579 | *** |
36
| 61 | 732,579 | *** |
| 62 | 732,579 | *** |
| 63 | 732,579 | *** |
| 64 | 732,579 | *** |
| 65 | 732,579 | *** |
| 66 | 732,579 | *** |
| 67 | 732,579 | *** |
| 68 | 732,579 | *** |
| 69 | 732,579 | *** |
| 70 | 732,579 | *** |
| 71 | 732,579 | *** |
| 72 | 732,579 | *** |
| 73 | 732,579 | *** |
| 74 | 732,579 | *** |
| 75 | 732,579 | *** |
| 76 | 732,579 | *** |
| 77 | 732,579 | *** |
| 78 | 732,579 | *** |
| 79 | 732,579 | *** |
| 80 | 732,579 | *** |
| 81 | 732,579 | *** |
37
| 82 | 732,579 | *** |
| 83 | 732,579 | *** |
| 84 | 732,579 | *** |
| 85 | 732,579 | *** |
| 86 | 732,579 | *** |
| 87 | 732,579 | *** |
| 88 | 732,579 | *** |
| 89 | 732,579 | *** |
| 90 | 732,579 | *** |
| 91 | 732,579 | *** |
| 92 | 732,579 | *** |
| 93 | 732,579 | *** |
| 94 | 732,579 | *** |
| 95 | 732,579 | *** |
| 96 | 732,579 | *** |
| 97 | 732,579 | *** |
| 98 | 732,579 | *** |
| 99 | 732,579 | *** |
| 100 | 732,579 | *** |
| 101 | 732,579 | *** |
| 102 | 732,579 | *** |
38
| 103 | 732,580 | *** |
| 104 | 732,580 | *** |
| 105 | 732,580 | *** |
| 106 | 732,580 | *** |
| 107 | 732,580 | *** |
| 108 | 732,580 | *** |
| 109 | 732,580 | *** |
| 110 | 732,580 | *** |
| 111 | 732,580 | *** |
| 112 | 732,580 | *** |
| 113 | 732,580 | *** |
| 114 | 732,580 | *** |
| 115 | 732,580 | *** |
| 116 | 732,580 | *** |
| 117 | 732,580 | *** |
| 118 | 732,580 | *** |
| 119 | 732,580 | *** |
| 120 | 732,580 | *** |
| 121 | 732,580 | *** |
| 122 | 732,580 | *** |
| 123 | 732,580 | *** |
39
| 124 | 732,580 | *** |
| 125 | 732,580 | *** |
| 126 | 732,580 | *** |
| 127 | 732,580 | *** |
| 128 | 732,580 | *** |
| 129 | 732,580 | *** |
| 130 | 732,578 | *** |
| 131 | 732,578 | *** |
| 132 | 732,578 | *** |
| 133 | 732,578 | *** |
| 134 | 732,578 | *** |
| 135 | 732,578 | *** |
| 136 | 732,578 | *** |
| 137 | 732,578 | *** |
| 138 | 732,578 | *** |
| 139 | 732,578 | *** |
| 140 | 732,578 | *** |
| 141 | 732,578 | *** |
| 142 | 732,578 | *** |
| 143 | 732,578 | *** |
| 144 | 732,578 | *** |
40
| 145 | 732,578 | *** |
| 146 | 732,578 | *** |
| 147 | 732,578 | *** |
| 148 | 732,578 | *** |
| 149 | 732,578 | *** |
| 150 | 732,578 | *** |
| 151 | 732,578 | *** |
| 152 | 732,578 | *** |
| 153 | 732,578 | *** |
| 154 | 732,578 | *** |
| 155 | 732,578 | *** |
| 156 | 732,578 | *** |
| 157 | 732,579 | *** |
| 158 | 732,579 | *** |
| 159 | 732,579 | *** |
| 160 | 732,579 | *** |
| 161 | 732,579 | *** |
| 162 | 732,579 | *** |
| 163 | 732,579 | *** |
| 164 | 732,579 | *** |
| 165 | 732,579 | *** |
41
| 166 | 732,579 | *** |
| 167 | 732,579 | *** |
| 168 | 732,579 | *** |
| 169 | 732,579 | *** |
| 170 | 732,579 | *** |
| 171 | 732,579 | *** |
| 172 | 732,579 | *** |
| 173 | 732,579 | *** |
| 174 | 732,579 | *** |
| 175 | 732,579 | *** |
| 176 | 732,579 | *** |
| 177 | 732,579 | *** |
| 178 | 732,579 | *** |
| 179 | 732,579 | *** |
| 180 | 732,579 | *** |
| 181 | 732,579 | *** |
| 182 | 732,579 | *** |
| 183 | 732,579 | *** |
| 184 | 732,579 | *** |
| 185 | 732,579 | *** |
| 186 | 732,579 | *** |
42
| 187 | 732,579 | *** |
| 188 | 732,579 | *** |
| 189 | 732,579 | *** |
| 190 | 732,579 | *** |
| 191 | 732,579 | *** |
| 192 | 732,579 | *** |
| 193 | 732,579 | *** |
| 194 | 732,579 | *** |
| 195 | 732,579 | *** |
| 196 | 732,579 | *** |
| 197 | 732,579 | *** |
| 198 | 732,579 | *** |
| 199 | 732,579 | *** |
| 200 | 732,579 | *** |
| 201 | 732,579 | *** |
| 202 | 732,579 | *** |
| 203 | 732,579 | *** |
| 204 | 732,579 | *** |
| 205 | 732,579 | *** |
| 206 | 732,579 | *** |
| 207 | 732,579 | *** |
43
| 208 | 732,579 | *** |
| 209 | 732,579 | *** |
| 210 | 732,579 | *** |
| 211 | 732,579 | *** |
| 212 | 732,579 | *** |
| 213 | 732,579 | *** |
| 214 | 732,579 | *** |
| 215 | 732,579 | *** |
| 216 | 732,579 | *** |
| 217 | 732,579 | *** |
| 218 | 732,579 | *** |
| 219 | 732,579 | *** |
| 220 | 732,579 | *** |
| 221 | 732,579 | *** |
| 222 | 732,579 | *** |
| 223 | 732,579 | *** |
| 224 | 732,579 | *** |
| 225 | 732,579 | *** |
| 226 | 732,579 | *** |
| 227 | 732,579 | *** |
| 228 | 732,579 | *** |
44
| 229 | 732,579 | *** |
| 230 | 732,579 | *** |
| 231 | 732,579 | *** |
| 232 | 732,579 | *** |
| 233 | 732,579 | *** |
| 234 | 732,579 | *** |
| 235 | 732,580 | *** |
| 236 | 732,580 | *** |
| 237 | 732,580 | *** |
| 238 | 732,580 | *** |
| 239 | 732,580 | *** |
| 240 | 732,580 | *** |
| 241 | 732,580 | *** |
| 242 | 732,580 | *** |
| 243 | 732,580 | *** |
| 244 | 732,580 | *** |
| 245 | 732,580 | *** |
| 246 | 732,580 | *** |
| 247 | 732,580 | *** |
| 248 | 732,580 | *** |
| 249 | 732,580 | *** |
45
| 250 | 732,580 | *** |
| 251 | 732,580 | *** |
| 252 | 732,580 | *** |
| 253 | 732,580 | *** |
| 254 | 732,580 | *** |
| 255 | 732,580 | *** |
| 256 | 732,580 | *** |
| 257 | 732,580 | *** |
| 258 | 732,580 | *** |
| 259 | 732,578 | *** |
| 260 | 732,578 | *** |
| 261 | 732,578 | *** |
| 262 | 732,578 | *** |
| 263 | 732,578 | *** |
| 264 | 732,578 | *** |
| 265 | 732,578 | *** |
| 266 | 732,578 | *** |
| 267 | 732,578 | *** |
| 268 | 732,578 | *** |
| 269 | 732,578 | *** |
| 270 | 732,578 | *** |
46
| 271 | 732,578 | *** |
| 272 | 732,578 | *** |
| 273 | 732,578 | *** |
| 274 | 732,578 | *** |
| 275 | 732,578 | *** |
| 276 | 732,578 | *** |
| 277 | 732,578 | *** |
| 278 | 732,578 | *** |
| 279 | 732,578 | *** |
| 280 | 732,578 | *** |
| 281 | 732,578 | *** |
| 282 | 732,578 | *** |
| 283 | 732,578 | *** |
| 284 | 732,578 | *** |
| 285 | 732,578 | *** |
| 286 | 732,578 | *** |
| 287 | 732,578 | *** |
| 288 | 732,579 | *** |
| 289 | 732,579 | *** |
| 290 | 732,579 | *** |
| 291 | 732,579 | *** |
47
| 292 | 732,579 | *** |
| 293 | 732,579 | *** |
| 294 | 732,579 | *** |
| 295 | 732,579 | *** |
| 296 | 732,579 | *** |
| 297 | 732,579 | *** |
| 298 | 732,579 | *** |
| 299 | 732,579 | *** |
| 300 | 732,579 | *** |
| 301 | 732,579 | *** |
| 302 | 732,579 | *** |
| 303 | 732,579 | *** |
| 304 | 732,579 | *** |
| 305 | 732,579 | *** |
| 306 | 732,579 | *** |
| 307 | 732,579 | *** |
| 308 | 732,579 | *** |
| 309 | 732,579 | *** |
| 310 | 732,579 | *** |
| 311 | 732,579 | *** |
| 312 | 732,579 | *** |
48
| 313 | 732,579 | *** |
| 314 | 732,579 | *** |
| 315 | 732,579 | *** |
| 316 | 732,579 | *** |
| 317 | 732,579 | *** |
| 318 | 732,579 | *** |
| 319 | 732,579 | *** |
| 320 | 732,579 | *** |
| 321 | 732,579 | *** |
| 322 | 732,579 | *** |
| 323 | 732,579 | *** |
| 324 | 732,579 | *** |
| 325 | 732,579 | *** |
| 326 | 732,579 | *** |
| 327 | 732,579 | *** |
| 328 | 732,579 | *** |
| 329 | 732,579 | *** |
| 330 | 732,579 | *** |
| 331 | 732,579 | *** |
| 332 | 732,579 | *** |
| 333 | 732,579 | *** |
49
| 334 | 732,579 | *** |
| 335 | 732,579 | *** |
| 336 | 732,579 | *** |
| 337 | 732,579 | *** |
| 338 | 732,579 | *** |
| 339 | 732,579 | *** |
| 340 | 732,579 | *** |
| 341 | 732,579 | *** |
| 342 | 732,579 | *** |
| 343 | 732,579 | *** |
| 344 | 732,579 | *** |
| 345 | 732,579 | *** |
| 346 | 732,579 | *** |
| 347 | 732,579 | *** |
| 348 | 732,579 | *** |
| 349 | 732,579 | *** |
| 350 | 732,579 | *** |
| 351 | 732,579 | *** |
| 352 | 732,579 | *** |
| 353 | 732,579 | *** |
| 354 | 732,579 | *** |
50
| 355 | 732,579 | *** |
| 356 | 732,579 | *** |
| 357 | 732,579 | *** |
| 358 | 732,579 | *** |
| 359 | 732,579 | *** |
| 360 | 732,579 | *** |
| 361 | 732,579 | *** |
| 362 | 732,579 | *** |
| 363 | 732,579 | *** |
| 364 | 732,579 | *** |
| 365 | 732,580 | *** |
| 366 | 732,580 | *** |
| 367 | 732,580 | *** |
| 368 | 732,580 | *** |
| 369 | 732,580 | *** |
| 370 | 732,580 | *** |
| 371 | 732,580 | *** |
| 372 | 732,580 | *** |
| 373 | 732,580 | *** |
| 374 | 732,580 | *** |
| 375 | 732,580 | *** |
51
| 376 | 732,580 | *** |
| 377 | 732,580 | *** |
| 378 | 732,580 | *** |
| 379 | 732,580 | *** |
| 380 | 732,580 | *** |
| 381 | 732,580 | *** |
| 382 | 732,580 | *** |
| 383 | 732,580 | *** |
| 384 | 732,580 | *** |
| 385 | 732,580 | *** |
| 386 | 732,580 | *** |
| 387 | 732,580 | *** |
52
SCHEDULE 2
AMENDED AND RESTATED FINAL PRICING SUPPLEMENT
53
Final Pricing Supplement
Final Pricing Supplement dated 5 September 2023, as amended and restated on 5 April 2024
To: Green Bridge Investment Company SCS (“Party B”)
From: Morgan Stanley Bank, N.A. (“Party A”)
This is the Final Pricing Supplement to the confirmation of an equity collar transaction dated 5 September 2023, as amended on 5 April 2024 between Party A and Party B (the “Collar Confirmation”) which supplements and forms part of the Collar Confirmation.
This Final Pricing Supplement sets out (i) terms applicable to the Collar Confirmation at Part 1 below, and (ii) terms applicable to the series of options transactions evidenced by a confirmation relating to such transactions dated 5 September 2023, as amended on 5 April 2024 between Party A and Party B (the “Forward Confirmation”) at Part 2 below, and supplements and forms part of the Forward Confirmation.
54
Part 1
Terms relating to Collar Transaction
Terms defined in the Collar Confirmation shall bear the same meaning in Part 1 (Terms relating to Collar Transaction) of this Final Pricing Supplement. In the event of any inconsistency between the provisions of the Agreement the following order of priority will apply for the purposes of the Transactions: (i) the Transaction Supplement, (ii) the Collar Confirmation, (iii) the Equity Definitions, (iv) the Master Agreement and (b) the ISDA Form.
| Terms applicable to all Option Transactions | |
| Trade Date: | 5 September 2023 |
| Initial Price: | *** |
| Deferred Fee Amount: | *** |
55
Part 2
Terms relating to Forward Transaction
Terms defined in the Forward Confirmation shall bear the same meaning in this Part 2 (Terms relating to Forward Transaction) of this Final Pricing Supplement. In the event of any inconsistency between the provisions of the Agreement the following order of priority will apply for the purposes of the Transactions: (i) the Transaction Supplement, (ii) the Forward Confirmation, (iii) the Equity Definitions, (iv) the Master Agreement and (b) the ISDA Form.
| Terms applicable to all Option Transactions | |
| Trade Date: | 5 September 2023 |
| Initial Price: | *** |
| Independent Amount: | *** |
56
SCHEDULE 3
CONDITIONS PRECEDENT
| 1 | The Counterparty |
| (a) | A copy of the constitutional documents of Counterparty and the General Partner. |
| (b) | An electronic copy of an excerpt issued by the Register of Trade and Companies of Luxembourg (Registre de Commerce et des Societes) in respect of Counterparty and the General Partner dated on the date of this Amendment Agreement. |
| (c) | An electronic copy of a non-registration certificate (certificat de non inscription de decision judiciaire ou de dissolution administrative sans liquidation) issued by the Register of Trade and Companies of Luxembourg (Registre de Commerce et des Societes) in respect of Counterparty and the General Partner dated on the date of this Amendment Agreement. |
| (d) | To the extent required by law or constitutional documents, a copy of a resolution of the General Partner acting, where applicable, on its own behalf and in its capacity as general partner of Counterparty: (i) approving the terms of the Amendment Agreement and resolving that it, on behalf of Counterparty and, where applicable, on its own behalf, execute, deliver and perform its and/or Counterparty’s (as applicable) obligations under the Amendment Agreement; (ii) authorising a specified person or persons, on behalf of Counterparty and, where applicable on its own behalf, to execute the Amendment Agreement; and (iii) authorising a specified person or persons on behalf of Counterparty and, where applicable, on its own behalf, to sign and/or dispatch all documents and notices to be signed and/or dispatched by it or Counterparty (as applicable) under or in connection with the Amendment Agreement. |
| (e) | A specimen of the signature of each person authorised on behalf of Counterparty and the General Partner on its behalf to enter into or witness the entry into of the Amendment Agreement or to sign and/or dispatch any document or notice under or in connection with the Amendment Agreement. |
| (f) | A certificate of an authorised signatory of the General Partner acting, where applicable, on its own behalf and in its capacity as general partner of Counterparty confirming that: (i) neither Counterparty nor the General Partner is subject to bankruptcy (faillite) (nor does it meet or threaten to meet the criteria for bankruptcy), insolvency, voluntary or judicial liquidation (liquidation volontaire ou judiciaire), administrative dissolution without liquidation (dissolution administrative sans liquidation), suspension of payments (sursis de paiement), judicial reorganisation (reorganisation judiciaire), reorganisation by amicable agreement (reorganisation par accord amiable) or any similar Luxembourg or foreign law or proceedings affecting the rights of creditors generally; (ii) neither Counterparty nor the General Partner is in a state of cessation of payments (cessation des paiments) and has lost its commercial creditworthiness (ebranlement de credit); (iii) no application has been made by Counterparty or the General Partner or, as far as Counterparty and the General Partner is aware, as applicable, by any other entitled person for the appointment of a commissaire, juge-commissaire, liquidateur, curateur or similar officer pursuant to any insolvency or similar proceedings; (iv) to the best of their knowledge, no petition for the opening of such proceedings has been presented by Counterparty or the General Partner or by any other person entitled to do so; (v) the entry by Counterparty into the Transaction Documents and the performance of its obligations thereunder will not cause any of (i) to (iv) above to occur; and (vi) each copy document specified in this Section 1 is correct, complete and in full force and effect and has not been amended or superseded as at a date no earlier than the date of the Amendment Agreement. |
57
| 2 | Legal Opinion |
| (a) | A legal opinion in respect of the capacity and authority of Counterparty or of the General Partner on its behalf (as applicable) to enter into and perform its obligations under the Amendment Agreement from Linklaters LLP, legal advisers to Counterparty in relation to the laws of Luxembourg. |
| 3 | Other documents and evidence |
| (a) | Evidence that Law Debenture Corporate Services Limited (8th Floor, 100 Bishopsgate, London, EC2N 4AG) has accepted its appointment as process agent in respect of this (i) Amendment Agreement and (ii) each of the MSIP Agreement and the MSBNA Agreement as amended pursuant to this Amendment Agreement. |
| (b) | Satisfaction by MSIP and MSBNA of all “know your customer” requirements. |
| (c) | Each of MSIP and MSBNA is satisfied that all its credit, legal, product and other internal approvals in connection with the Amendment Agreement have been obtained. |
58
SCHEDULE 4
COLLAR UNWIND AMOUNT
| Closing Price (EUR) | Collar Unwind Amount (EUR) |
| *** | *** |
| *** | *** |
| *** | *** |
| *** | *** |
| *** | *** |
| *** | *** |
| *** | *** |
| *** | *** |
| *** | *** |
| *** | *** |
| *** | *** |
| *** | *** |
| *** | *** |
| *** | *** |
| *** | *** |
| *** | *** |
| *** | *** |
| *** | *** |
| *** | *** |
| *** | *** |
| *** | *** |
59
| *** | *** |
| *** | *** |
| *** | *** |
| *** | *** |
| *** | *** |
| *** | *** |
| *** | *** |
| *** | *** |
| *** | *** |
| *** | *** |
| *** | *** |
| *** | *** |
| *** | *** |
| *** | *** |
| *** | *** |
| *** | *** |
| *** | *** |
| *** | *** |
| *** | *** |
| *** | *** |
60
