Convertibles Calendar

May 9:

AXA SA:

• $750 million of three-year bonds mandatorily exchangeable for AXA Equitable Holdings, Inc. stock

• Price talk for a coupon of 6.75% to 7.25% and an initial exchange premium of 17.5% to 22.5%

• Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC, Barclays and Citigroup Global Markets Inc.

• Rule 144A

• Greenshoe of $112.5 million

• Proceeds to help fund AXA’s acquisition of XL Group Ltd.

• Concurrent IPO offering from AXA Equitable Holdings for 137.25 million shares at $24.00 to $27.00 per share

• AXA Equitable is a New York-based financial services company with two divisions, AXA Equitable Life and AllianceBernstein

• AXA SA is a Paris-based insurance company.

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