<SEC-DOCUMENT>0001104659-24-111856.txt : 20241028
<SEC-HEADER>0001104659-24-111856.hdr.sgml : 20241028
<ACCEPTANCE-DATETIME>20241028164553
ACCESSION NUMBER:		0001104659-24-111856
CONFORMED SUBMISSION TYPE:	FWP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20241028
DATE AS OF CHANGE:		20241028

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AMPHENOL CORP /DE/
		CENTRAL INDEX KEY:			0000820313
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTRONIC CONNECTORS [3678]
		ORGANIZATION NAME:           	04 Manufacturing
		IRS NUMBER:				222785165
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		FWP
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	333-270605
		FILM NUMBER:		241401479

	BUSINESS ADDRESS:	
		STREET 1:		358 HALL AVE
		CITY:			WALLINGFORD
		STATE:			CT
		ZIP:			06492
		BUSINESS PHONE:		2032658900

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AMPHENOL CORP /DE/
		CENTRAL INDEX KEY:			0000820313
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTRONIC CONNECTORS [3678]
		ORGANIZATION NAME:           	04 Manufacturing
		IRS NUMBER:				222785165
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		FWP

	BUSINESS ADDRESS:	
		STREET 1:		358 HALL AVE
		CITY:			WALLINGFORD
		STATE:			CT
		ZIP:			06492
		BUSINESS PHONE:		2032658900
</SEC-HEADER>
<DOCUMENT>
<TYPE>FWP
<SEQUENCE>1
<FILENAME>tm2426831d3_fwp.htm
<DESCRIPTION>FWP
<TEXT>
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<P STYLE="margin: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Filed Pursuant to Rule&nbsp;433</B>&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Registration Statement No.&nbsp;333- 270605</B>&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>October&nbsp;28, 2024&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B></B>&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>AMPHENOL CORPORATION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Final Term Sheet</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>October&nbsp;28, 2024</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt 5.4pt; width: 17%; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Issuer:</FONT></TD>
    <TD STYLE="padding: 3pt 5.4pt; width: 29%; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Amphenol Corporation</FONT></TD>
    <TD STYLE="padding: 3pt 5.4pt; width: 27%; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="padding: 3pt 5.4pt; width: 27%; border-bottom: Black 1pt solid">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt 5.4pt; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Expected Ratings (Moody&rsquo;s / S&amp;P)*:</FONT></TD>
    <TD STYLE="padding: 3pt 5.4pt; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">A3 / BBB+ (Stable / Stable)</FONT></TD>
    <TD STYLE="padding: 3pt 5.4pt; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="padding: 3pt 5.4pt; border-bottom: Black 1pt solid">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt 5.4pt; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Trade Date:</FONT></TD>
    <TD STYLE="padding: 3pt 5.4pt; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">October&nbsp;28, 2024</FONT></TD>
    <TD STYLE="padding: 3pt 5.4pt; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="padding: 3pt 5.4pt; border-bottom: Black 1pt solid">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt 5.4pt; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Settlement Date**:</FONT></TD>
    <TD STYLE="padding: 3pt 5.4pt; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">October&nbsp;</FONT><FONT STYLE="font-size: 10pt">31, 2024 (T+3)</FONT></TD>
    <TD STYLE="padding: 3pt 5.4pt; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="padding: 3pt 5.4pt; border-bottom: Black 1pt solid">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt 5.4pt; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="padding: 3pt 5.4pt; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>5.050% Senior Notes due 2027 </B></FONT></TD>
    <TD STYLE="padding: 3pt 5.4pt; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>5.000% Senior Notes due 2035 </B></FONT></TD>
    <TD STYLE="padding: 3pt 5.4pt; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>5.375% Senior Notes due 2054</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt 5.4pt; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Principal Amount:</FONT></TD>
    <TD STYLE="padding: 3pt 5.4pt; border-bottom: Black 1pt solid">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">$250,000,000 (the &ldquo;<U>Additional 2027 Notes</U>&rdquo;)</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Additional 2027 Notes constitute a further
    issuance of the 5.050% Senior Notes due 2027, of which $450,000,000 aggregate principal amount was issued on April&nbsp;5, 2024 (the &ldquo;<U>Existing
    2027 Notes</U>&rdquo;). The Additional 2027 Notes will form a single series with, and have the same terms (other than the issue date,
    the issue price and the first interest payment date) as, the Existing 2027 Notes. Upon settlement, the Additional 2027 Notes will have
    the same CUSIP number and will trade interchangeably with the Existing 2027 Notes.</P></TD>
    <TD STYLE="padding: 3pt 5.4pt; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">$750,000,000 (the &ldquo;<U>2035 Notes</U>&rdquo;)</FONT></TD>
    <TD STYLE="padding: 3pt 5.4pt; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">$500,000,000 (the &ldquo;<U>2054 Notes</U>&rdquo;)</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt 5.4pt; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Maturity Date:</FONT></TD>
    <TD STYLE="padding: 3pt 5.4pt; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">April&nbsp;5, 2027</FONT></TD>
    <TD STYLE="padding: 3pt 5.4pt; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;January&nbsp;15</FONT><FONT STYLE="font-size: 10pt">, 2035</FONT></TD>
    <TD STYLE="padding: 3pt 5.4pt; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">November&nbsp;15, 2054</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt 5.4pt; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Coupon (Interest Rate):</FONT></TD>
    <TD STYLE="padding: 3pt 5.4pt; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.050%</FONT></TD>
    <TD STYLE="padding: 3pt 5.4pt; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.000</FONT><FONT STYLE="font-size: 10pt">%</FONT></TD>
    <TD STYLE="padding: 3pt 5.4pt; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.375%</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt 5.4pt; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Price to Public:</FONT></TD>
    <TD STYLE="padding: 3pt 5.4pt; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">101.107</FONT><FONT STYLE="font-size: 10pt">% of the principal amount, plus interest deemed to have accrued from and including October&nbsp;5, 2024 to, but excluding, the Settlement Date.</FONT></TD>
    <TD STYLE="padding: 3pt 5.4pt; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">99.502</FONT><FONT STYLE="font-size: 10pt">% of the principal amount</FONT></TD>
    <TD STYLE="padding: 3pt 5.4pt; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">98.429</FONT><FONT STYLE="font-size: 10pt">% of the principal amount</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt 5.4pt; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Yield to Maturity:</FONT></TD>
    <TD STYLE="padding: 3pt 5.4pt; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.547</FONT><FONT STYLE="font-size: 10pt">%</FONT></TD>
    <TD STYLE="padding: 3pt 5.4pt; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.064</FONT><FONT STYLE="font-size: 10pt">%</FONT></TD>
    <TD STYLE="padding: 3pt 5.4pt; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.482</FONT><FONT STYLE="font-size: 10pt">%</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt 5.4pt; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Benchmark Treasury:</FONT></TD>
    <TD STYLE="padding: 3pt 5.4pt; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.875% due October&nbsp;15, 2027</FONT></TD>
    <TD STYLE="padding: 3pt 5.4pt; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.875</FONT><FONT STYLE="font-size: 10pt">% due August&nbsp;15, 2034</FONT></TD>
    <TD STYLE="padding: 3pt 5.4pt; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.625</FONT><FONT STYLE="font-size: 10pt">% due May&nbsp;15, 2054</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt 5.4pt; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Spread to Benchmark Treasury:</FONT></TD>
    <TD STYLE="padding: 3pt 5.4pt; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">+45 bps</FONT></TD>
    <TD STYLE="padding: 3pt 5.4pt; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">+78 bps</FONT></TD>
    <TD STYLE="padding: 3pt 5.4pt; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">+95 bps</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt 5.4pt; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Benchmark Treasury Price and Yield:</FONT></TD>
    <TD STYLE="padding: 3pt 5.4pt; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">99-12 3/8</FONT><FONT STYLE="font-size: 10pt">; 4.097%</FONT></TD>
    <TD STYLE="padding: 3pt 5.4pt; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">96-24</FONT><FONT STYLE="font-size: 10pt">; 4.284%</FONT></TD>
    <TD STYLE="padding: 3pt 5.4pt; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">101-16</FONT><FONT STYLE="font-size: 10pt">; 4.532%</FONT></TD></TR>

<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; width: 17%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Interest Payment Dates:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; width: 29%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">April&nbsp;5 and October&nbsp;5, commencing April&nbsp;5, 2025</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; width: 27%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">January&nbsp;15</FONT> <FONT STYLE="font-size: 10pt">and July&nbsp;15, commencing January&nbsp;15, 2025 (short first interest period)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; width: 27%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">May&nbsp;15 </FONT><FONT STYLE="font-size: 10pt">and November&nbsp;15, commencing May&nbsp;15, 2025</FONT></TD></TR>
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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt 5.4pt; border-top: Black 1pt solid; width: 17%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Redemption Provision:</FONT></TD>
    <TD STYLE="padding: 3pt 5.4pt; border-top: Black 1pt solid; text-align: justify; width: 29%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Prior to the Par Call Date, the Company may redeem the notes of any series at its option, in whole or in part, at any time and from time to time, at a redemption price (expressed as a percentage of principal amount and rounded to three decimal places) equal to the greater of:</FONT></TD>
    <TD STYLE="padding: 3pt 5.4pt; border-top: Black 1pt solid; text-align: justify; width: 27%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Prior to the Par Call Date, the Company may redeem the notes of any series at its option, in whole or in part, at any time and from time to time, at a redemption price (expressed as a percentage of principal amount and rounded to three decimal places) equal to the greater of:</FONT></TD>
    <TD STYLE="padding: 3pt 5.4pt; border-top: Black 1pt solid; text-align: justify; width: 27%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Prior to the Par Call Date, the Company may redeem the notes of any series at its option, in whole or in part, at any time and from time to time, at a redemption price (expressed as a percentage of principal amount and rounded to three decimal places) equal to the greater of:</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt 5.4pt">&nbsp;</TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(1)&nbsp;(a)&nbsp;the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted to the redemption date (assuming the notes matured on the Par Call Date) on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 10 basis points in the case of the 2027 notes, less (b)&nbsp;interest accrued to the date of redemption, and</FONT></TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(1)&nbsp;(a)&nbsp;the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted to the redemption date (assuming the notes matured on the Par Call Date) on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 15 basis points in the case of the 2035 notes, less (b)&nbsp;interest accrued to the date of redemption, and</FONT></TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(1)&nbsp;(a)&nbsp;the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted to the redemption date (assuming the notes matured on the Par Call Date) on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 15 basis points in the case of the 2054 notes, less (b)&nbsp;interest accrued to the date of redemption, and</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt 5.4pt">&nbsp;</TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(2)&nbsp;100% of the principal amount of the notes to be redeemed,</FONT></TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(2)&nbsp;100% of the principal amount of the notes to be redeemed,</FONT></TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(2)&nbsp;100% of the principal amount of the notes to be redeemed,</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt 5.4pt">&nbsp;</TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">plus, in either case, accrued and unpaid interest thereon to the applicable redemption date.</FONT></TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">plus, in either case, accrued and unpaid interest thereon to the applicable redemption date.</FONT></TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">plus, in either case, accrued and unpaid interest thereon to the applicable redemption date.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt 5.4pt; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="padding: 3pt 5.4pt; border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On or after the applicable Par Call Date, the Company may redeem the notes of any series, in whole or in part, at any time and from time to time, at a redemption price equal to 100% of the principal amount of the notes being redeemed plus accrued and unpaid interest thereon to the redemption date.</FONT></TD>
    <TD STYLE="padding: 3pt 5.4pt; border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">On or after the applicable Par Call Date, the Company may redeem the notes of any series, in whole or in part, at any time and from time to time, at a redemption price equal to 100% of the principal amount of the notes being redeemed plus accrued and unpaid interest thereon to the redemption date.</FONT></TD>
    <TD STYLE="padding: 3pt 5.4pt; border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On or after the applicable Par Call Date, the Company may redeem the notes of any series, in whole or in part, at any time and from time to time, at a redemption price equal to 100% of the principal amount of the notes being redeemed plus accrued and unpaid interest thereon to the redemption date.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt 5.4pt; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Par Call Date:</FONT></TD>
    <TD STYLE="padding: 3pt 5.4pt; border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">March&nbsp;5, 2027 (one month prior to the maturity date)</FONT></TD>
    <TD STYLE="padding: 3pt 5.4pt; border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">October&nbsp;15</FONT><FONT STYLE="font-size: 10pt">, 2034 (three months prior to the maturity date)</FONT></TD>
    <TD STYLE="padding: 3pt 5.4pt; border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">May&nbsp;15, 2054 (six months prior to maturity date)</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt 5.4pt; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Special Mandatory Redemption:</FONT></TD>
    <TD COLSPAN="3" STYLE="padding: 3pt 5.4pt; border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The 2035 Notes and 2054 Notes will be mandatorily redeemable at 101% of the principal amount thereof plus accrued and unpaid interest from the date of initial issuance, or the most recent date to which interest has been paid or provided for, whichever is later, to, but not including, the special mandatory redemption date, in the event that (i)&nbsp;the CommScope Acquisition (as defined in the preliminary prospectus supplement) is not consummated on or prior to the later of (x)&nbsp;July&nbsp;18, 2025 (the &ldquo;<U>Outside Date</U>&rdquo;) or (y)&nbsp;the date that is five business days after any later date to which the parties to the Purchase Agreement may agree to extend the Outside Date in the Purchase Agreement (the &ldquo;<U>Special Mandatory Redemption End Date</U>&rdquo;), or (ii)&nbsp;the Company notifies the trustee under the indenture that it will not pursue consummation of the CommScope Acquisition. The Additional 2027 Notes will not be subject to special mandatory redemption.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt 5.4pt; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">CUSIP/ISIN:</FONT></TD>
    <TD STYLE="padding: 3pt 5.4pt; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">032095AN1 / US032095AN10</FONT></TD>
    <TD STYLE="padding: 3pt 5.4pt; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">032095 AR2 / US032095AR24</FONT></TD>
    <TD STYLE="padding: 3pt 5.4pt; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">032095 AS0 / US032095AS07</FONT></TD></TR>
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    <TD STYLE="padding-top: 3pt; padding-right: 5.4pt; padding-left: 5.4pt; width: 29%">&nbsp;</TD>
    <TD STYLE="padding-top: 3pt; padding-right: 5.4pt; padding-left: 5.4pt; width: 27%">&nbsp;</TD>
    <TD STYLE="padding-top: 3pt; padding-right: 5.4pt; padding-left: 5.4pt; width: 27%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="4" STYLE="padding: 3pt 5.4pt; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><U>Other Information</U></B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt 5.4pt; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Joint Book-Running Managers:</FONT></TD>
    <TD STYLE="padding: 3pt 5.4pt; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Barclays Capital Inc.<BR>
BNP Paribas Securities Corp.<BR>
BofA Securities,&nbsp;Inc.<BR>
HSBC Securities (USA) Inc.<BR>
Citigroup Global Markets Inc.<BR>
J.P. Morgan Securities LLC<BR>
Mizuho Securities USA LLC</FONT></TD>
    <TD STYLE="padding: 3pt 5.4pt; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="padding: 3pt 5.4pt; border-bottom: Black 1pt solid">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt 5.4pt; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Senior Co-Managers:</FONT></TD>
    <TD STYLE="padding: 3pt 5.4pt; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Commerz Markets LLC<BR>
Goldman Sachs&nbsp;&amp; Co. LLC<BR>
TD Securities (USA) LLC</FONT></TD>
    <TD STYLE="padding: 3pt 5.4pt; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="padding: 3pt 5.4pt; border-bottom: Black 1pt solid">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Co-Managers:</FONT></TD>
    <TD STYLE="padding: 3pt 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">ING Financial Markets LLC<BR>
Loop Capital Markets LLC<BR>
Siebert Williams Shank&nbsp;&amp; Co., LLC<BR>
Standard Chartered Bank<BR>
U.S. Bancorp Investments,&nbsp;Inc.</FONT></TD>
    <TD STYLE="padding: 3pt 5.4pt">&nbsp;</TD>
    <TD STYLE="padding: 3pt 5.4pt">&nbsp;</TD></TR>
  </TABLE>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">*Note: A securities rating is not a recommendation
to buy, sell or hold securities and may be subject to revision or withdrawal at any time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">**The
Notes will be ready for delivery in book-entry form only through the facilities of DTC for the accounts of its participants, including
Euroclear Bank SA/NV, as operator of the Euroclear System, and Clearstream Banking, soci</FONT>&eacute;t&eacute; anonyme, on or about
October&nbsp;31, 2024, which is the third business day following the date of pricing of the Notes (such settlement cycle being referred
to as &ldquo;T+3&rdquo;). You should be advised that trading of the Notes may be affected by the T+3 settlement. Under Rule&nbsp;15c6-1
under the Exchange Act, trades in the secondary market generally are required to settle in one business day unless the parties to any
such trade expressly agree otherwise. Accordingly, purchasers who wish to trade the Notes prior to the date that is one business day preceding
the settlement date will be required, by virtue of the fact that the Notes initially will settle in T+3, to specify an alternative settlement
cycle at the time of any such trade to prevent failed settlement. Purchasers of the Notes who wish to trade the Notes during such period
should consult their own advisor.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>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 </B></FONT><B>www.sec.gov. Alternatively, the issuer, any underwriter or dealer participating in the offering will arrange to
send you the prospectus if you request it by calling Barclays Capital Inc. toll-free at 1-888-603-5847, BNP Paribas Securities Corp. toll-free
at 1-800-854-5674, BofA Securities,&nbsp;Inc. toll-free at 1-800-294-1322 and HSBC Securities (USA) Inc. toll-free at 1-866-811-8049.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>ANY DISCLAIMERS OR OTHER NOTICES THAT MAY&nbsp;APPEAR
BELOW ARE NOT APPLICABLE TO THIS COMMUNICATION AND SHOULD BE DISREGARDED. SUCH DISCLAIMERS OR OTHER NOTICES WERE AUTOMATICALLY GENERATED
AS A RESULT OF THIS COMMUNICATION BEING SENT VIA BLOOMBERG OR ANOTHER EMAIL SYSTEM.</B></P>

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