<SEC-DOCUMENT>0001140361-23-004706.txt : 20230206
<SEC-HEADER>0001140361-23-004706.hdr.sgml : 20230206
<ACCEPTANCE-DATETIME>20230206170226
ACCESSION NUMBER:		0001140361-23-004706
CONFORMED SUBMISSION TYPE:	FWP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20230206
DATE AS OF CHANGE:		20230206

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BECTON DICKINSON & CO
		CENTRAL INDEX KEY:			0000010795
		STANDARD INDUSTRIAL CLASSIFICATION:	SURGICAL & MEDICAL INSTRUMENTS & APPARATUS [3841]
		IRS NUMBER:				220760120
		STATE OF INCORPORATION:			NJ
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		FWP
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	333-255829
		FILM NUMBER:		23591414

	BUSINESS ADDRESS:	
		STREET 1:		ONE BECTON DR
		CITY:			FRANKLIN LAKES
		STATE:			NJ
		ZIP:			07417-1880
		BUSINESS PHONE:		2018476800

	MAIL ADDRESS:	
		STREET 1:		ONE BECTON DR
		CITY:			FRANKLIN LAKE
		STATE:			NJ
		ZIP:			07417

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Becton Dickinson Euro Finance S.a. r.l.
		CENTRAL INDEX KEY:			0001776167
		STANDARD INDUSTRIAL CLASSIFICATION:	SURGICAL & MEDICAL INSTRUMENTS & APPARATUS [3841]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			N4
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		FWP

	BUSINESS ADDRESS:	
		STREET 1:		412F, ROUTE D'ESCH
		CITY:			LUXEMBOURG
		STATE:			N4
		ZIP:			L-1471
		BUSINESS PHONE:		352273654429

	MAIL ADDRESS:	
		STREET 1:		412F, ROUTE D'ESCH
		CITY:			LUXEMBOURG
		STATE:			N4
		ZIP:			L-1471
</SEC-HEADER>
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  <div>
    <div style="text-align: right;">Filed pursuant to Rule 433</div>
    <div style="text-align: right;">Issuer Free Writing Prospectus dated February 6, 2023 Supplementing the Preliminary Prospectus Supplement dated February 6, 2023</div>
    <div style="text-align: right;">Registration Statement No. 333-255829</div>
    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;">Pricing Term Sheet</div>
    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;">Becton Dickinson Euro Finance S.&#224; r.l.</div>
    <div style="text-align: center; font-weight: bold;">3.553% Notes due 2029</div>
    <div style="text-align: center; font-weight: bold;">(the &#8220;Notes&#8221;)</div>
    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;">Fully and Unconditionally Guaranteed by</div>
    <div style="text-align: center; font-weight: bold;">Becton, Dickinson and Company</div>
    <div><br>
    </div>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="zef1c97bae9e1411cbd701aafc10459ad" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 36.38%; vertical-align: top;">
            <div style="color: #000000; font-weight: bold;">Issuer:</div>
          </td>
          <td style="width: 63.62%; vertical-align: top;">
            <div style="color: #000000;">Becton Dickinson Euro Finance S.&#224; r.l. (the &#8220;Company&#8221;)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 36.38%; vertical-align: top;">&#160;</td>
          <td style="width: 63.62%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 36.38%; vertical-align: top;">
            <div style="color: #000000; font-weight: bold;">Guarantor:</div>
          </td>
          <td style="width: 63.62%; vertical-align: top;">
            <div style="color: #000000;">Becton, Dickinson and Company (the &#8220;Guarantor&#8221;)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 36.38%; vertical-align: top;">&#160;</td>
          <td style="width: 63.62%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 36.38%; vertical-align: top;">
            <div style="color: #000000; font-weight: bold;">Aggregate Principal Amount Offered:</div>
          </td>
          <td style="width: 63.62%; vertical-align: top;">
            <div style="color: #000000;">&#8364;800,000,000</div>
          </td>
        </tr>
        <tr>
          <td style="width: 36.38%; vertical-align: top;">&#160;</td>
          <td style="width: 63.62%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 36.38%; vertical-align: top;">
            <div style="color: #000000; font-weight: bold;">Maturity Date:</div>
          </td>
          <td style="width: 63.62%; vertical-align: top;">
            <div style="color: #000000;">September 13, 2029</div>
          </td>
        </tr>
        <tr>
          <td style="width: 36.38%; vertical-align: top;">&#160;</td>
          <td style="width: 63.62%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 36.38%; vertical-align: top;">
            <div style="color: #000000; font-weight: bold;">Trade Date:</div>
          </td>
          <td style="width: 63.62%; vertical-align: top;">
            <div><font style="color: #000000;">February 6, 20</font>23</div>
          </td>
        </tr>
        <tr>
          <td style="width: 36.38%; vertical-align: top;">&#160;</td>
          <td style="width: 63.62%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 36.38%; vertical-align: top;">
            <div style="color: #000000; font-weight: bold;">Settlement Date:</div>
          </td>
          <td style="width: 63.62%; vertical-align: top;">
            <div style="color: #000000;">February 13, 2023 (T+5)*</div>
          </td>
        </tr>
        <tr>
          <td style="width: 36.38%; vertical-align: top;">&#160;</td>
          <td style="width: 63.62%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 36.38%; vertical-align: top;">
            <div style="color: #000000; font-weight: bold;">Type of Offering:</div>
          </td>
          <td style="width: 63.62%; vertical-align: top;">
            <div style="color: #000000;">SEC Registered</div>
          </td>
        </tr>
        <tr>
          <td style="width: 36.38%; vertical-align: top;">&#160;</td>
          <td style="width: 63.62%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 36.38%; vertical-align: top;">
            <div style="color: #000000; font-weight: bold;">Coupon (Interest Rate):</div>
          </td>
          <td style="width: 63.62%; vertical-align: top;">
            <div style="color: #000000;">3.553%</div>
          </td>
        </tr>
        <tr>
          <td style="width: 36.38%; vertical-align: top;">&#160;</td>
          <td style="width: 63.62%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 36.38%; vertical-align: top;">
            <div style="color: #000000; font-weight: bold;">Price to Public (Issue Price):</div>
          </td>
          <td style="width: 63.62%; vertical-align: top;">
            <div style="color: #000000;">99.997% of principal amount</div>
          </td>
        </tr>
        <tr>
          <td style="width: 36.38%; vertical-align: top;">&#160;</td>
          <td style="width: 63.62%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 36.38%; vertical-align: top;">
            <div style="color: #000000; font-weight: bold;">Underwriting Discount:</div>
          </td>
          <td style="width: 63.62%; vertical-align: top;">
            <div>0.375<font style="color: #000000;">%</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 36.38%; vertical-align: top;">&#160;</td>
          <td style="width: 63.62%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 36.38%; vertical-align: top;">
            <div style="color: #000000; font-weight: bold;">Yield to Maturity:</div>
          </td>
          <td style="width: 63.62%; vertical-align: top;">
            <div>3.556<font style="color: #000000;">%</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 36.38%; vertical-align: top;">&#160;</td>
          <td style="width: 63.62%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 36.38%; vertical-align: top;">
            <div style="color: #000000; font-weight: bold;">Spread to Benchmark German Government Security:</div>
          </td>
          <td style="width: 63.62%; vertical-align: top;">
            <div>134.3<font style="color: #000000;"> basis points</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 36.38%; vertical-align: top;">&#160;</td>
          <td style="width: 63.62%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 36.38%; vertical-align: top;">
            <div style="color: #000000; font-weight: bold;">Benchmark German Government Security:</div>
          </td>
          <td style="width: 63.62%; vertical-align: top;">
            <div>0.000% <font style="color: #000000;">DBR due </font>August 15, 2029</div>
          </td>
        </tr>
        <tr>
          <td style="width: 36.38%; vertical-align: top;">&#160;</td>
          <td style="width: 63.62%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 36.38%; vertical-align: top;">
            <div style="color: #000000; font-weight: bold;">Benchmark German Government Security Price/Yield:</div>
          </td>
          <td style="width: 63.62%; vertical-align: top;">
            <div>86.712<font style="color: #000000;">% / </font>2.213<font style="color: #000000;">%</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 36.38%; vertical-align: top;">&#160;</td>
          <td style="width: 63.62%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 36.38%; vertical-align: top;">
            <div style="color: #000000; font-weight: bold;">Mid-Swap Yield:</div>
          </td>
          <td style="width: 63.62%; vertical-align: top;">
            <div>2.856%</div>
          </td>
        </tr>
        <tr>
          <td style="width: 36.38%; vertical-align: top;">&#160;</td>
          <td style="width: 63.62%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 36.38%; vertical-align: top;">
            <div style="color: #000000; font-weight: bold;">Spread to Mid-Swap Yield:</div>
          </td>
          <td style="width: 63.62%; vertical-align: top;">
            <div>+70 <font style="color: #000000;">basis points</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 36.38%; vertical-align: top;">&#160;</td>
          <td style="width: 63.62%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 36.38%; vertical-align: top;">
            <div style="color: #000000; font-weight: bold;">Interest Payment Dates:</div>
          </td>
          <td style="width: 63.62%; vertical-align: top;">
            <div><font style="color: #000000;">Annually, on </font>September 13<font style="color: #000000;">, commencing </font>September 13<font style="color: #000000;">, 2023</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 36.38%; vertical-align: top;">&#160;</td>
          <td style="width: 63.62%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 36.38%; vertical-align: top;">
            <div style="color: #000000; font-weight: bold;">Day Count Convention:</div>
          </td>
          <td style="width: 63.62%; vertical-align: top;">
            <div style="color: #000000;">ACTUAL/ACTUAL (ICMA)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 36.38%; vertical-align: top;">&#160;</td>
          <td style="width: 63.62%; vertical-align: top;">&#160;</td>
        </tr>

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    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z7467b5acec7f46688f0a31fa97bb853d" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 36.38%; vertical-align: top;">
            <div style="color: #000000; font-weight: bold;">Optional Redemption:</div>
          </td>
          <td style="width: 63.62%; vertical-align: top;">
            <div>The Notes will be redeemable at the Company&#8217;s option, in whole or in part, at any time and from time to time prior to June 13, 2029 (3<font style="color: #000000;">&#160;</font>months prior to the maturity date), at a redemption price equal to the greater of (1) <font style="color: #000000;">100</font>% of the principal amount of the Notes to be redeemed and (2) the sum of the present values of the remaining scheduled payments on the Notes being redeemed, discounting such payments to the
              redemption date on an annual basis (ACTUAL/ACTUAL (ICMA)) at the applicable comparable government bond rate, plus 20<font style="color: #000000;">&#160;</font>basis points, plus
              accrued and unpaid interest, if any, to but excluding the date of redemption.</div>
            <div>&#160;</div>
            <div>At any time on or after June 13, 2029 (3 months prior to the maturity date), the Notes will be redeemable at the Company&#8217;s option, in whole or in
              part, at a redemption price equal to <font style="color: #000000;">100</font>% of the principal amount of the Notes to be redeemed, plus accrued and unpaid interest to but
              excluding the redemption date.</div>
          </td>
        </tr>
        <tr>
          <td style="width: 36.38%; vertical-align: top;">&#160;</td>
          <td style="width: 63.62%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 36.38%; vertical-align: top;">
            <div style="color: #000000; font-weight: bold;">Redemption for Tax Reasons:</div>
          </td>
          <td style="width: 63.62%; vertical-align: top;">
            <div style="color: #000000;">If, as a result of any change in, or amendment to, the tax laws of a Taxing Jurisdiction (as defined in the preliminary prospectus
              supplement), or the official interpretation thereof, the Company becomes or, based upon a written opinion of independent counsel selected by the Company, will become obligated to pay additional amounts with respect to the Notes, the Company
              may at any time at its option redeem, in whole, but not in part, the Notes at 100% of the principal amount plus accrued and unpaid interest to the date of redemption.</div>
          </td>
        </tr>
        <tr>
          <td style="width: 36.38%; vertical-align: top;">&#160;</td>
          <td style="width: 63.62%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 36.38%; vertical-align: top;">
            <div style="color: #000000; font-weight: bold;">Change of Control:</div>
          </td>
          <td style="width: 63.62%; vertical-align: top;">
            <div style="color: #000000;">If a change of control triggering event occurs, unless the Company has exercised its right to redeem the Notes as described under
              &#8220;Optional Redemption,&#8221; the Company will be required to make an offer to each holder of the outstanding Notes to repurchase all or any portion of such holder&#8217;s Notes at a purchase price of 101% of the principal amount plus accrued and unpaid
              interest to, but excluding, the date of purchase.</div>
          </td>
        </tr>
        <tr>
          <td style="width: 36.38%; vertical-align: top;">&#160;</td>
          <td style="width: 63.62%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 36.38%; vertical-align: top;">
            <div style="color: #000000; font-weight: bold;">Form/Clearing Systems:</div>
          </td>
          <td style="width: 63.62%; vertical-align: top;">
            <div>The Notes will be issued only in registered, book-entry form. There will be a global Note for each series of Notes deposited with a common safekeeper
              for Euroclear and Clearstream.</div>
          </td>
        </tr>
        <tr>
          <td style="width: 36.38%; vertical-align: top;">&#160;</td>
          <td style="width: 63.62%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 36.38%; vertical-align: top;">
            <div style="color: #000000; font-weight: bold;">Listing:</div>
          </td>
          <td style="width: 63.62%; vertical-align: top;">
            <div>Application will be made to have the Notes listed on Euronext Dublin for trading on the Global Exchange Market.</div>
          </td>
        </tr>
        <tr>
          <td style="width: 36.38%; vertical-align: top;">&#160;</td>
          <td style="width: 63.62%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 36.38%; vertical-align: top;">
            <div style="font-weight: bold;">New Safekeeping Structure:</div>
          </td>
          <td style="width: 63.62%; vertical-align: top;">
            <div>Yes, and the notes are intended to be held in a manner that would allow eligibility as collateral for Eurosystem intra-day credit and monetary policy
              operations</div>
          </td>
        </tr>
        <tr>
          <td style="width: 36.38%; vertical-align: top;">&#160;</td>
          <td style="width: 63.62%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 36.38%; vertical-align: top;">
            <div style="font-weight: bold;">MiFID II Product Governance:</div>
          </td>
          <td style="width: 63.62%; vertical-align: top;">
            <div><font style="color: #000000;">Manufacturer</font> target market (MiFID II product
              governance) is eligible counterparties and professional clients only (all distribution channels)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 36.38%; vertical-align: top;">&#160;</td>
          <td style="width: 63.62%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 36.38%; vertical-align: top;">
            <div style="font-weight: bold;">UK MiFIR Product Governance:</div>
          </td>
          <td style="width: 63.62%; vertical-align: top;">
            <div>Manufacturer target market (UK MiFIR product governance) is eligible counterparties and <font style="color: #000000;">professional</font> clients only (all distribution channels)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 36.38%; vertical-align: top;">&#160;</td>
          <td style="width: 63.62%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 36.38%; vertical-align: top;">
            <div style="font-weight: bold;">PRIIPs:</div>
          </td>
          <td style="width: 63.62%; vertical-align: top;">
            <div>No EU PRIIPs or UK PRIIPs key information document (KID) has been prepared as not available to retail in the EEA or in the UK</div>
          </td>
        </tr>
        <tr>
          <td style="width: 36.38%; vertical-align: top;">&#160;</td>
          <td style="width: 63.62%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 36.38%; vertical-align: top;">
            <div style="color: #000000; font-weight: bold;">Common Code/ISIN:</div>
          </td>
          <td style="width: 63.62%; vertical-align: top;">
            <div><font style="color: #000000;">258593227 </font>/ XS2585932275</div>
          </td>
        </tr>
        <tr>
          <td style="width: 36.38%; vertical-align: top;">&#160;</td>
          <td style="width: 63.62%; vertical-align: top;">&#160;</td>
        </tr>

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        <tr>
          <td style="width: 36.38%; vertical-align: top;">
            <div style="color: #000000; font-weight: bold;">Denominations:</div>
          </td>
          <td style="width: 63.62%; vertical-align: top;">
            <div style="color: #000000;">&#8364;100,000 x &#8364;1,000</div>
          </td>
        </tr>
        <tr>
          <td style="width: 36.38%; vertical-align: top;">&#160;</td>
          <td style="width: 63.62%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 36.38%; vertical-align: top;">
            <div style="color: #000000; font-weight: bold;">Stabilization:</div>
          </td>
          <td style="width: 63.62%; vertical-align: top;">
            <div style="color: #000000;">Stabilization/FCA</div>
          </td>
        </tr>
        <tr>
          <td style="width: 36.38%; vertical-align: top;">&#160;</td>
          <td style="width: 63.62%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 36.38%; vertical-align: top;">
            <div style="color: #000000; font-weight: bold;">Joint Book-Running Managers:</div>
          </td>
          <td style="width: 63.62%; vertical-align: top;">
            <div style="color: #000000;">Barclays Bank PLC</div>
            <div style="color: #000000;">Citigroup Global Markets Limited</div>
            <div style="color: #000000;">Goldman Sachs &amp; Co. LLC</div>
            <div style="color: #000000;">J.P. Morgan Securities plc</div>
            <div style="color: #000000;">Morgan Stanley &amp; Co. International plc</div>
            <div style="color: #000000;">MUFG Securities (Europe) N.V.</div>
            <div>U.S. Bancorp Investments, Inc.</div>
          </td>
        </tr>
        <tr>
          <td style="width: 36.38%; vertical-align: top;">&#160;</td>
          <td style="width: 63.62%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 36.38%; vertical-align: top;">
            <div style="color: #000000; font-weight: bold;">Co-Managers:</div>
          </td>
          <td style="width: 63.62%; vertical-align: top;">
            <div>Academy Securities, Inc.</div>
            <div>ING Bank N.V., Belgian Branch</div>
            <div>Intesa Sanpaolo S.p.A.</div>
            <div>KBC Bank NV</div>
            <div>Loop Capital Markets LLC</div>
            <div>PNC Capital Markets LLC</div>
            <div>Siebert Williams Shank &amp; Co., LLC</div>
            <div>Standard Chartered Bank</div>
            <div>TD Global Finance unlimited company <br>
            </div>
          </td>
        </tr>

    </table>
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          <td style="width: 30.65pt; vertical-align: top; color: #000000;">*</td>
          <td style="width: auto; vertical-align: top;">
            <div style="color: #000000;">Under Rule 15c6-1 under the Exchange Act, trades in the secondary market are required to settle in two business days, unless the parties to any such
              trade expressly agree otherwise. Accordingly, purchasers who wish to trade Notes on the Trade Date will generally be required, by virtue of the fact that the Notes initially settle on the fifth U.S. business day following the Trade Date, to
              specify an alternate settlement arrangement at the time of any such trade to prevent a&#160; failed settlement. Purchasers of the Notes who wish to trade the Notes prior to their date of delivery hereunder should consult their advisors.</div>
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    <div style="text-align: justify; font-weight: bold;">The Guarantor and the Issuer have filed a registration statement with the SEC (including a prospectus and a preliminary prospectus
      supplement), for the offering to which this communication relates. Before you invest, you should read the prospectus and the preliminary prospectus supplement in that registration statement and other documents the Guarantor and the Issuer have filed
      with the SEC for more complete information about the Guarantor, the Issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at<u>
          http://www.sec.gov.</u> Alternatively, the Issuer, the Guarantor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by contacting Barclays Bank PLC toll-free at
      1-888-603-5847, Citigroup Global Markets Limited toll-free at 1-800-831-9146 or Goldman Sachs &amp; Co. LLC toll-free at 1-866-471-2526<font style="color: #000000;">.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; font-weight: bold;">This pricing term sheet supplements the preliminary prospectus supplement dated February 6, 2023 relating to the prospectus dated May 6,
      2021.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-weight: bold;">MiFID II and/or the UK MiFIR Product Governance Rules professionals/ECPs-only / No PRIIPs KID &#8211; Manufacturer target market (MIFID II
      product governance and/or the UK MiFIR Product Governance Rules) is eligible counterparties and professional clients only (all distribution channels). No PRIIPs key information document (KID) has been prepared as not available to retail investors in
      EEA or the United Kingdom.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-weight: bold;">Any disclaimers or other notices that may 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.</div>
    <div><br>
    </div>
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