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Axa - Notice of Noteholder Meetings - Launch (US Offer) - LIBOR

NOTICE OF NOTEHOLDER MEETING


28 MARCH 2023


Full announcement including disclaimers and offer restrictions available via AXA


NOTICE OF NOTEHOLDER MEETING


to the holders of the

USD750,000,000 Series B Fixed to Floating Rate Undated Deeply Subordinated Notes (ISIN:

US054536AC14; USF0609NAQ19)

(the “Notes”)

of the Issuer presently outstanding.

...


"BACKGROUND


Status of USD LIBOR


The UK Financial Conduct Authority (the “FCA”) announced on 5 March 2021 (the “FCA’s 5 March 2021 Announcement”) that all London Inter Bank Offered Rate (“LIBOR”) settings will either cease to be provided by any administrator or no longer be representative of the underlying market and economic reality (and that representativeness will not be restored) immediately after (i) 31 December 2021, in the case of all sterling, euro, Japanese Yen and Swiss Franc, and the one week and two-month USD LIBOR settings, or (ii) 30 June 2023, in the case of the remaining USD LIBOR settings. Regulators have continued to urge market participants to take active steps to implement the transition to SOFR and other risk-free rates ahead of the applicable USD LIBOR cessation date."

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