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LONDON - Morgan Stanley (NYSE:MS) Europe SE has announced its role as the Coordinating Stabilisation Manager for CaixaBank, S.A.’s upcoming securities offering, with the stabilization period commencing on Monday, February 27, 2025. The firm, along with other stabilization managers including CaixaBank, Credit Agricole (OTC:CRARY) Corporate and Investment Bank, HSBC Continental Europe, and Nomura Financial Products Europe GmbH, may engage in transactions to support the market price of the securities.
The securities in question are described as EUR Tier 2 Subordinated Callable Notes, with their aggregate nominal amount and offer price yet to be confirmed. The stabilization actions, which may include over-allotting securities, are aimed at maintaining the securities’ market price during the stabilization period at a level higher than what might otherwise prevail.
The stabilization period is expected to run until April 4, 2025, and will take place on the Euronext (EPA:ENX) Dublin (Regulated Market). It is important to note that stabilization may not necessarily occur, and if initiated, can be halted at any time. All stabilization activities will comply with applicable laws and rules.
This stabilization notice clarifies that the securities are not an offer for sale in the United States, as they have not been registered under the United States Securities Act of 1933 and cannot be offered or sold in the U.S. absent registration or an exemption from registration. Consequently, there will be no public offering of the securities in the United States.
The announcement specifies that the information is intended for professional investors in the United Kingdom (TADAWUL:4280) and qualified investors in the European Economic Area and the UK, in line with the EEA Prospectus Regulation and the UK Prospectus Regulation, respectively.
This news is based on a press release statement and is presented for informational purposes only, without any offer to underwrite, subscribe for, or otherwise acquire or dispose of any securities of the Issuer in any jurisdiction.
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