New Issue-SAP prices dual tranche deal

November 06 Tue Nov 6, 2012 10:57am EST

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November 06 (Reuters) -Following are terms and conditions

of a dual tranche deal priced on Tuesday.

Borrower SAP AG

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Tranche 1

Issue Amount 550 million euro

Maturity Date November 13, 2015

Coupon 1.0 pct

Issue price 99.791

Reoffer price 99.791

Spread 52 basis points

Underlying govt bond Over Mid-swaps, equivalent to 101.1bp

Over the OBL 158

ISIN DE000A1R0U31

* * * *

Tranche 2

Issue Amount 750 million euro

Maturity Date November 13, 2019

Coupon 2.125 pct

Issue price 99.307

Reoffer price 99.307

Spread 92 basis points

Underlying govt bond Over Mid-swaps, equivalent to 143.1bp

Over the 3.5 pct Due 2019 DBR

ISIN DE000A1R0U23

* * * *

Common Terms

Payment Date November 13, 2012

Lead Manager(s) Deutsche Bank AG, Societe Generale, UBS,

Goldman Sachs International & J.P. Morgan Securities

Listing Lux

Full fees Undisclosed

Denoms (K) 1

Governing Law German

Negative Pledge Yes

Force Majeure Yes

Cross Default Yes

Security details and RIC, when available, will be

on

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performance analysis of this new issue

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Data supplied by International Insider.

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