J.P. Morgan SE Stabilisation Notice
February 05 2024 - 2:52AM
RNS Regulatory News
RNS Number : 0218C
J.P. Morgan SE
05 February 2024
5th February 2024
Not for distribution,
directly or indirectly, in or into the United States or any
jurisdiction in which such distribution would be
unlawful.
ING Groep
N.V.
Pre-stabilisation Period
Announcement
J.P. Morgan SE, (contact: Rishik Arya
0207 134 2468) hereby gives notice, as Stabilisation Coordinator,
that the Stabilising Manager(s) named below may stabilise the offer
of the following securities in accordance with Commission Delegated
Regulation EU/xxx/2016 under the Market Abuse Regulation
(EU/596/2016).
The
securities:
|
Issuer:
|
ING Groep
N.V.
|
Guarantor (if
any):
|
N/A
|
Aggregate nominal
amount:
|
USD
benchmark
|
Description:
|
USD
Perpetual-Non-Call-6.8-year
Listing: Euronext
Dublin
|
Offer
price:
|
TBC
|
Other offer
terms:
|
USD 200k x
1k
|
Stabilisation:
|
Stabilisation
Manager(s):
|
J.P. Morgan SE (as
Stabilisation Coordinator)
ING (Stabilisation
manager)
Goldman Sachs Bank
Europe SE (Stabilisation manager)
Morgan Stanley
(Stabilisation manager)
RBC Capital Markets
(Stabilisation manager)
TD Securities
(Stabilisation manager)
UBS (Stabilisation
manager)
|
Stabilisation period expected
to start on:
|
5th February 2024
|
Stabilisation period expected
to end no later than:
|
5th March 2024
|
Existence, maximum size and
conditions of use of over‑allotment
facility:
|
The
Stabilisation Manager(s) may over-allot the securities in an amount
not exceeding 5% of the aggregate nominal amount stated
above.
|
Stabilisation trading
venue:
|
Over the
counter, TBC
|
In connection with the offer of the above
securities, the Stabilising Manager(s), or persons acting on behalf
of the Stabilising Manager(s) may over-allot the securities,
provided that the aggregate principal amount of the securities
allotted does not exceed 105 percent of the aggregate principal
amount of the securities, or effect transactions with a view to
supporting the market price of the securities at a level higher
than that which might otherwise prevail. However, stabilisation may
not necessarily occur and any stabilisation action, if begun, may
cease at any time, but it must end no later than the earlier of 30
days after the issue date of the securities and 60 days after the
date of allotment of the securities.
This announcement is for information purposes
only and does not constitute an invitation or offer to underwrite,
subscribe for or otherwise acquire or dispose of any securities of
the Issuer in any jurisdiction.
This announcement and the offer of the
securities to which it relates are only addressed to and directed
at persons outside the United Kingdom and persons in the United
Kingdom who have professional experience in matters related to
investments or who are high net worth persons within Article 12(5)
of the Financial Services and Markets Act 2000 (Financial
Promotion) Order 2005 and must not be acted on or relied on by
other persons in the United Kingdom.
In addition, if and to the extent that this
announcement is communicated in, or the offer of the securities to
which it relates is made in, any EEA Member State that has
implemented Directive 2003/71/EC (together with any applicable
implementing measures in any Member State, the "Prospectus
Directive") before the publication of a prospectus in relation to
the securities which has been approved by the competent authority
in that Member State in accordance with the Prospectus Directive
(or which has been approved by a competent authority in another
Member State and notified to the competent authority in that Member
State in accordance with the Prospectus Directive), this
announcement and the offer are only addressed to and directed at
persons in that Member State who are qualified investors within the
meaning of the Prospectus Directive (or who are other persons to
whom the offer may lawfully be addressed) and must not be acted on
or relied on by other persons in that in that Member
State
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END
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