FWP 1 d774474dfwp.htm FWP FWP

Filed pursuant to Rule 433

Registration No. 333-224307 and

333-224307-01

July 8, 2019

Final Term Sheet

TOTAL CAPITAL INTERNATIONAL SA

(A wholly-owned subsidiary of TOTAL S.A.)

2.218% Guaranteed Notes Due 2021

2.434% Guaranteed Notes Due 2025

2.829% Guaranteed Notes Due 2030

3.461% Guaranteed Notes Due 2049

Guaranteed on an unsecured, unsubordinated basis by

TOTAL S.A.

 

Issuer   Total Capital International SA
Guarantee   Payment of the principal of, premium, if any, and interest on the notes is guaranteed by TOTAL S.A.
Format   SEC-registered global notes
Title  

2.218% Guaranteed Notes Due July 12, 2021 (the “2021 notes”)

2.434% Guaranteed Notes Due Jan 10, 2025 (the “2025 notes”)

2.829% Guaranteed Notes Due Jan 10, 2030 (the “2030 notes”)

3.461% Guaranteed Notes Due Jul 12, 2049 (the “2049 notes”)

Total Initial Principal Amount Being Issued   $750,000,000   $1,000,000,000   $1,250,000,000   $1,000,000,000
Issue Price   100.000%   100.000%   100.000%   100.000%
Pricing Date   July 8, 2019
Expected Settlement Date   July 10, 2019 (T+2)
Maturity Date   July 12, 2021   Jan 10, 2025   Jan 10, 2030   July 12, 2049
Day Count   30/360
Day Count Convention   Following, unadjusted
Optional Redemption Terms  

Prior to June 12, 2021 (the date that is 1 month prior to the stated maturity of the 2021 notes), make-whole call at Treasury Rate plus 5 basis points

 

On or after June 12, 2021 (the date that is 1 month prior to the stated maturity of the 2021 notes), call at par

  

Prior to October 10, 2024 (the date that is 3 months prior to the stated maturity of the 2025 notes), make-whole call at Treasury Rate plus 10 basis points

 

On or after October 10, 2024 (the date that is 3 months prior to the stated maturity of the 2025 notes), call at par

  

Prior to October 10, 2029 (the date that is 3 months prior to the stated maturity of the 2030 notes), make-whole call at Treasury Rate plus 12.5 basis points

 

On or after October 10, 2029 (the date that is 3 months prior to the stated maturity of the 2030 notes), call at par

  

Prior to January 12, 2049 (the date that is 6 months prior to the stated maturity of the 2049 notes), make-whole call at Treasury Rate plus 15 basis points

 

On or after January 12, 2049 (the date that is 6 months prior to the stated maturity of the 2049 notes), call at par

 

   

Tax call at par

 

  

Tax call at par

 

  

Tax call at par

 

  

Tax call at par

 

Interest Rate   2.218%   2.434%   2.829%   3.461%
Benchmark Treasury  

1.625% due June 30,

2021

  

1.750% due June 30,

2024

  

2.375% due May 15,

2029

  

3.000% due Feb 15,

2049

Benchmark Treasury Price   99-15 3⁄4   99-16 1⁄4   102-28+   109-23
Benchmark Treasury Yield   1.888%   1.854%   2.049%   2.531%
Spread to Benchmark Treasury   + 33bps   + 58bps   + 78bps   + 93bps
Yield to Maturity   2.218%   2.434%   2.829%   3.461%
Date Interest Starts Accruing   July 10, 2019
Interest Payment Dates   Each Jan 12th and July 12th for the 2021 notes and 2049 notes and each Jan 10th and Jul 10th for the 2025 notes and 2030 notes
First Interest Payment Date   Jan 12, 2020   Jan 10, 2020   Jan 10, 2020   Jan 12, 2020
Regular Record Dates for Interest   

Each Dec 28 and

June 27

  

Each Dec 26 and

June 25

  

Each Dec 26 and

June 25

  

Each Dec 28 and

June 27

Trustee   The Bank of New York Mellon
Listing   None
Denominations   $2,000 and increments of $1,000
Expected Ratings of the Notes   Moody’s: Aa3 (Positive) / Standard & Poor’s: A+ (Positive)
CUSIP/ISIN   89153VAR0 / US89153VAR06   89153VAS8 / US89153VAS88  

89153VAT6 /

US89153VAT61

   89153VAU3 / US89153VAU35
Selling Restrictions   Prohibition of Sales to EEA Retail Investors; France; United Kingdom; Canada; Hong Kong; Japan; Singapore and Switzerland
Joint Book-Running Managers  

Barclays Capital Inc.

Credit Agricole Securities (USA) Inc.

J.P. Morgan Securities LLC

Mizuho Securities USA LLC

Morgan Stanley & Co. LLC

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 Barclays Capital Inc. at 1-888-603-5847, Credit Agricole Securities (USA) Inc., attn.: Fixed Income Syndicate toll-free at 1-866-807-6030, J.P. Morgan Securities LLC collect at 1-212-834-4533, Mizuho Securities USA LLC toll-free at 1-866-271-7403, or Morgan Stanley & Co. LLC toll-free at 1-866-718-1649.

 

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