[PDF] Clifford Chance reference in this Base Prospectus

View - Download Clifford Chance

Previous PDF

Next PDF

Base Prospectus dated 13 May 2016

(a société anonyme incorporated under the laws of the Grand Duchy of Luxembourg having its registered office at

24
-26 boulevard d'Avranches, L-1160 Luxembourg, Grand Duchy of Luxembourg, and registered with the Registre de Commerce et des Sociétés, Luxembourg under number B82.454 10 ,000,000,000

Euro Medium Term Note Programme

(wholesale programme) _________________________________

This Base Prospectus has been approved by the

Luxembourg Commission de Surveillance du Secteur Financier

(the "CSSF"), which is the Luxembourg competent authority for the purpose of the Luxembourg law of 10 July

2005 concerning the prospectus relating to transferable securities (as amended by the Luxembourg laws dated 3

July 2012 and 21 December 2012, the

"Luxembourg Prospectus Law"), which implements

Directive 2003/71/EC of 4 November 2003 on the prospectus to be published when securities are offered to the

public or admitted to trading (as amended and supplemented from time to time, including by Directive

2010/73/EU and Directive 2010/78/EU), as a base prospectus issued in compliance with the Luxembourg

Prospectus Law for the purpose of giving information with regard to the issue of notes ("Notes") issued under the

Euro Medium Term Note Programme (the "Programme") described in this Base Prospectus during the period of

twelve months after the date hereof. Application has been made for the Notes, during the period of twelve months

after the date hereof, to be admitted to trading on the Luxembourg Stock Exchange's Regulated Market (Bourse de

Luxembourg

) and to be listed on the official list of the Luxembourg Stock Exchange, which is a regulated market

as defined in the Markets in Financial Instruments Directive 2004/39/EC (the "Regulated Market") and

published on the list of the regulated markets in the Official Journal of the European Union. Pursuant to article

7(7) of the Luxembourg Prospectus Law, by approving this Base Prospectus, the CSSF gives no undertaking as to

the economic and financial characteristics of the Notes to be issued hereunder or the quality or solvency of

ArcelorMittal ("ArcelorMittal", the "Issuer" or the "Company"). The Programme also permits Notes to be

issued on the basis that they will not be admitted to listing, trading and/or quotation by any competent authority,

stock exchange and/or quotation system or to be admitted to listing, trading and/or quotation by such other or

further competent authorities, stock exchanges and/or quotation systems as may be agreed with the Issuer. In the

case of any Notes which are to be listed and admitted to trading on a Regulated Market within the European

Economic Area and/or offered to the public in a Member State of the European Economic Area which requires the

publication of a prospectus under the Prospectus Directive (as defined herein), the minimum specified

denomination shall be €100,000 (or its equivalent in any other currency as at the date of issue of the Notes).

Notes issued under the Programme may, or may not, be rated. The rating (if any) may be specified in the relevant

Final Terms (as defined herein). Whether or not each credit rating applied for in relation to a relevant Series of

Notes will be issued by a credit rating agency established in the European Union and registered under Regulation

(EU) No 1060/2009 as amended (the "CRA Regulation") will be disclosed in the Final Terms. The list of

registered and certified rating agencies published by the European Securities and Markets Authority ("ESMA")

will appear on its website (http://www.esma.europa.eu/page/List-registered-and-certified-CRAs) in accordance with the CRA Regulation (as of 1 December 2015). A rating is not a recommendation to buy, sell or hold securities

and may be subject to suspension, change, or withdrawal at any time by the assigning rating agency.

Investing in Notes issued under the Programme involves certain risks. The principal risk factors that may

affect the abilities of the Issuer to fulfil its respective obligations under the Notes are discussed under

"Risk

Factors" below.

- 2 -

Arranger

BNP PARIBAS

Dealers

Banca IMI

Barclays

BofA. Merrill Lynch

Commerzbank

Deutsche Bank

HSBC

J.P. Morgan

NATIXIS

RBC Capital Markets

SMBC Nikko

Banco Bilbao Vizcaya Argentaria, S.A.

BNP Paribas

Citigroup

Crédit Agricole CIB

Goldman Sachs International

ING

Morgan Stanley

Rabobank

Santander Global Banking

Société Générale Corporate &

Investment Banking

Standard Chartered Bank The Royal Bank of Scotland

UniCredit Bank

Date: 13 May 2016

- 3 -

TABLE OF CONTENTS

IMPORTANT NOTICES ....................................................................................................................... 4

KEY ELEMENTS OF THE PROGRAMME

......................................................................................... 8

RISK FACTORS .................................................................................................................................. 21

INFORMATION INCO

RPORATED BY REFERENCE .................................................................... 56

SUPPLEMENTS TO THE BASE PROSPECTUS

.............................................................................. 66

FORMS OF THE NOTES .................................................................................................................... 67

TERMS AND CONDITIONS OF THE NOTES ................................................................................. 71

USE OF PROCEEDS ......................................................................................................................... 104

FORM OF FINAL TERMS ................................................................................................................ 105

DESCRIPTION OF THE ISSUER ..................................................................................................... 121

RECENT DEVELOPMENTS ............................................................................................................ 122

TAXATION ........................................................................................................................................ 124

SUBSCRIPTION AND SALE ........................................................................................................... 126

GENERAL INFORMATION

............................................................................................................. 130

- 4 -

IMPORTANT NOTICES

This Base Prospectus comprises a base prospectus for the purposes of Article 5.4 of the Prospectus Directive (as defined below). ArcelorMittal (the "Issuer", the "Company", "ArcelorMittal" or the "Responsible Person") accepts responsibility for the information contained in this Base Prospectus. To the best of the knowledge of the Responsible Person (who has taken all reasonable care to ensure that such is the case), the information contained in this

Base Prospectus

is in accordance with the facts and does not omit anything likely to affect the import of such information. Each Tranche (as defined herein) of Notes will be issued on the terms set out herein under "Terms and Conditions of the Notes" (the "Conditions") as completed by a document specific to such Tranche called final terms (the "Final Terms"). This Base Prospectus must be read and construed together with any supplements hereto and with any information incorporated by reference herein and, in relation to any Tranche of Notes, must be read and construed together with the relevant Final Terms. No person has been authorized to give any information or to make any representation concerning the Issuer, the Programme or the Notes, other than as contained or incorporated by reference in this Base Prospectus and, if given or made, any such other information or representation should not be relied upon as having been authorized by the Issuer or any Dealer. Neither the Dealers (as defined herein) nor any of their respective affiliates have authorised the whole or any part of this Base Prospectus and none of them makes any representation or warranty or accepts any responsibility as to the accuracy or completeness of the information contained in this Base Prospectus. Neither the delivery of this Base Prospectus or any Final Terms nor the offering, sale or delivery of any Note shall, in any circumstances, create any implication that the information contained in this Base Prospectus is true subsequent to the date hereof or the date upon which this Base Prospectus has been most recently amended or supplemented or that there has been no adverse change, or any event reasonably likely to involve any adverse change, in the prospects or financial or trading position of the Issuer since the date thereof or, if later, the date upon which this Base Prospectus has been most recently amended or supplemented or that any other information supplied in connection with the Programme is correct at any time subsequent to the date on which it is supplied or, if different, the date indicated in the document containing the same. The distribution of this Base Prospectus and any Final Terms and the offering, sale and delivery of the Notes in certain jurisdictions may be restricted by law. Persons into whose possession this Base Prospectus or any Final Terms comes are required by the Issuer and the Dealers to inform themselves about and to observe any such restrictions. Any investor purchasing the Notes under this Base Prospectus and any Final Terms is solely responsible for ensuring that any offer or resale of the Notes it purchased under this Base Prospectus and any Final Terms occurs in compliance with applicable laws and regulations. For a description of certain restrictions on offers, sales and deliveries of Notes and on the distribution of this Base Prospectus or any Final Terms and other offering material relating to the Notes, see "Subscription and Sale". In particular, Notes have not been and will not be registered under the United States Securities Act of 1933, as amended (the "Securities Act"), and Notes that are not - 5 - in registered form for U.S. federal tax purposes are subject to U.S. tax law requirements.

Subject to certain exceptions, Notes

that are not in registered form for U.

S. federal tax purposes

may not be offered, sold or delivered within the United States or to U.S. persons. Neither this Base Prospectus nor any Final Terms constitutes an offer or an invitation to subscribe for or purchase any Notes and should not be considered as a recommendation by the Issuer, the Dealers or any of them that any recipient of this Base Prospectus or any Final Terms should subscribe for or purchase any Notes. Each recipient of this Base Prospectus or any Final Terms shall be taken to have made its own investigation and appraisal of the condition (financial or otherwise) of the Issuer. The maximum aggregate principal amount of Notes outstanding at any one time under the Programme will not exceed €10,000,000,000 (and for this purpose, any Notes denominated in another currency shall be translated into euro at the date of the agreement to issue such Notes calculated in accordance with the provisions of the Dealer Agreement). The maximum aggregate principal amount of Notes which may be outstandin g at any one time under the Programme may be increased from time to time, subject to compliance with the relevant provisions of the Dealer Agreement as defined under "Subscription and Sale". In this Base Prospectus, unless otherwise specified, references to a "Member State" are references to a Member State of the European Economic Area, references to "U.S.$", "U.S.

dollars" or "dollars" are to United States dollars and references to "€", "EUR" or "euro" are to

the single currency introduced at the start of the third stage of European Economic and Monetary Union pursuant to the Treaty establishing the European Community, as amended. Certain figures included in this Base Prospectus have been subject to rou nding adjustments; accordingly, figures shown for the same category presented in different tables may vary slightly and figures shown as totals in certain tables may not be an arithmetic aggregation of the figures which precede them. This Base Prospectus has been prepared on the basis that, except to the extent sub-paragraph (ii) below may apply, any offer of Notes in any Member State of the European Economic Area (each, a "Member State") will be made pursuant to an exemption under the Prospectus Directive, as implemented in that Member State, from the requirement to publish a prospectus for offers of Notes. Accordingly any person making or intending to make an offer in that Member State of Notes which are the subject of an offering contemplated in this Base Prospectus as completed by Final Terms in relation to the offer of those Notes may only do so (i) in circumstances in which no obligation arises for the Issuer or any Dealer to publish a prospectus pursuant to Article 3 of the Prospectus Directive or supplement a prospectus pursuant to Article 16 of the Prospectus Directive, in each case, in relation to such offer, or (ii) if a prospectus for such offer has been approved by the competent authority in that Member State or, where appropriate, approved in another Member State and notified to the competent authority in that Member State and (in either case) published, all in accordance with the Prospectus Directive, provided that any such prospectus has subsequently been completed by Final Terms which specify that offers may be made other than pursuant to Article 3(2) of the Prospectus Directive in that Member State, such offer is made in the period beginning and ending on the dates specified for such purpose in such prospectus or final terms, and the Issuer - 6 - has consented in writing to its use for the purpose of such offer. Except to the extent sub -paragraph (ii) above may apply, neither the Issuer nor any Dealer have authorised, nor do they authorise, the making of any offer of Notes in circumstances in which an obligation arises for the Issuer or any Dealer to publish or supplement a prospectus for such offer. The expression "Prospectus Directive" means Directive 2003/71/EC (as amended and supplemented from time to time, including by Directive 2010/73/EU and any relevant implementing measure in the Member State). This document is only being distributed to and is only directed at (i) persons who are outside the United Kingdom or (ii) investment professionals falling within Article 19(5) of the Financial

Services a

nd Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as "Relevant Persons"). Any Notes will only be available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such Notes will be engaged in only with Relevant Persons. Any person who is not a Relevant Person should not act or rely on this document or any of its contents. For a more complete description of certain restrictions on offering and sale of Notes and on distribution of this Base Prospectus and any Final Terms, see "Subscription and Sale". Copies of this document will be available free of charge during normal business hours on any week day (except public holidays) at the offices of the Issuer. This document will be published on the website of the Luxembourg Stock Exchange at www.bourse.lu. In connection with the issue of any Tranche of Notes, the Dealer or Dealers (if any) named as the stabilising manager(s) (the "Stabilising Manager(s)") (or persons acting on behalf of any Stabilising Manager(s)) in the applicable Final Terms may over allot Notes or effect transactions with a view to supporting the market price of the Notes at a level higher than that which might otherwise prevail. However, there is no assurance that the Stabilising Manager(s) (or persons acting on behalf of a Stabilising Manager) will undertake stabilisation action. Any stabilisation action may begin on or after the date on which adequate public disclosure of the final terms of the offer of the relevant Tranche of Notes is made and, if begun, may be ended at any time, but it must end no later than the earlier of 30 calendar days after the issue date of the relevant Tranche of Notes and 60 calendar days after the date of the allotment of the relevant Tranche of Notes. Any stabilisation action or over-allotment must be conducted by the Stabilising Manager(s) (or persons acting on behalf of the Stabilising Manager(s)) in accordance with allquotesdbs_dbs22.pdfusesText_28

[PDF] arcelormittal registration document 2016

[PDF] la 5g en france

[PDF] 5g network

[PDF] 5g debit

[PDF] 5g internet

[PDF] 5g japon

[PDF] arcep fibre

[PDF] les milles vérités scientifiques du coran pdf

[PDF] ceci est la vérité pdf

[PDF] la bible le coran et la science gratuit pdf

[PDF] mohammed yacine kassab

[PDF] les miracles du coran harun yahya pdf

[PDF] ceci est la vérité livre

[PDF] rome du mythe ? l'histoire cours

[PDF] evaluation rome du mythe ? l'histoire