Exhibit 4.9

 

NOVARTIS CAPITAL CORPORATION

 

Officer’s Certificate

 

I, Craig Osten, being President of Novartis Capital Corporation (the “Company”), a Delaware corporation, pursuant to the resolutions duly adopted by the Board of Directors of the Company on February 9, 2017, hereby determine as follows that:

 

1.                                 The initial issuances of the series of guaranteed debt securities entitled 1.800% Notes due 2020 (the “2020 Notes”), the 2.400% Notes due 2022 (the “2022 Notes”) and the 3.100% Notes due 2027 (the “2027 Notes” and, together with the 2020 Notes and the 2022 Notes, the “Notes”) established under the Indenture, dated as of February 10, 2009, among the Company, Novartis Finance S.A. and Novartis Securities Investment Ltd., as issuers, Novartis AG, as guarantor (the “Guarantor”) and HSBC Bank USA, National Association, as Trustee (the “Indenture”; capitalized terms used and not otherwise defined herein have the meanings assigned to them in the Indenture), which may be authenticated and delivered under the Indenture (except for Notes authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Notes pursuant to Sections 2.7, 2.8 or 2.9 of the Indenture) represent $1,000,000,000 aggregate principal amount of the 2020 Notes, $1,000,000,000 aggregate principal amount of the 2022 Notes and $1,000,000,000 aggregate principal amount of the 2027 Notes.

 

2.                                 The Company may, from time to time, without the consent of the Holders of the Notes, increase the principal amount of the Notes by issuing additional Notes in the future with the same terms and conditions as the Notes in all respects, except for any differences in the issue date, issue price and first payment of interest thereon, and with the same CUSIP number as the Notes. The Notes and any additional Notes shall rank equally and ratably and shall be treated as a single series for all purposes under the Indenture. The Company will not issue any additional Notes unless such additional Notes are fungible with the Notes for U.S. federal income tax purposes.

 

3.                                 The principal amount of each of the Notes is payable on February 14, 2020, May 17, 2022 or May 17, 2027 (as relevant) (unless the Notes are redeemed before that date, in which case principal will be payable on the date fixed for redemption).

 

4.                                 The interest payment dates (the “Interest Payment Dates”) on which interest on the Notes shall be payable are:

 

·                  February 14 and August 14 of each year, commencing on August 14, 2017, in the case of the 2020 Notes; and

·                  May 17 and November 17 of each year, commencing on May 17, 2017, in the case of the 2022 Notes and the 2027 Notes.

 

5.                                 The 2020 Notes will bear interest at a rate of 1.800% per annum, the 2022 Notes will bear interest at a rate of 2.400% per annum and the 2027 Notes will bear interest at a rate of 3.100% per annum.

 

6.                                 The date from which interest shall accrue for each Note is February 17, 2017

 











 

(or the most recent Interest Payment Date on which interest has been paid or duly provided for).

 

7.                                 The Record Date for interest payable on the Notes shall be:

 

·                  January 30 and July 30, as the case may be, next preceding the Interest Payment Date, in the case of the 2020 Notes; and

·                  May 2 and November 2, as the case may be, next preceding the Interest Payment Date, in the case of the 2022 Notes and the 2027 Notes.

 

8.                                 Prior to February 14, 2020 in the case of the 2020 Notes, April 17, 2022 (the “2022 Par Call Date”) in the case of the 2022 Notes and February 17, 2027 (the “2027 Par Call Date” and  together with the 2022 Par Call Date, the “Par Call Dates” and each a “Par Call Date”) in the case of the 2027 Notes, the Company may redeem the Notes, in each case in whole or in part, at its option at any time and from time to time at a redemption price equal to the greater of (i) 100% of the Principal of the Notes to be redeemed on the relevant redemption date; and (ii) as determined by the Quotation Agent (as defined in the forms of the Notes attached hereto as Annex A), the sum of the present values of the Remaining Scheduled Payments (as defined in the forms of the Notes attached hereto as Annex A), discounted to the date of redemption on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate (as defined in the forms of the Notes attached hereto as Annex A), plus 0.10% in the case of the 2020 Notes, 0.10% in the case of the 2022 Notes and 0.15% in the case of the 2027 Notes, plus, in each case, accrued and unpaid interest thereon to, but excluding, the date of redemption.  On or after the 2022 Par Call Date in case of the 2022 Notes and the 2027 Par Call Date in the case of the 2027 Notes, the Company may redeem the 2022 Notes or the 2027 Notes, in each case in whole or in part, at its option at any time and from time to time at a redemption price equal to 100% of the Principal of the 2022 Notes or 2027 Notes to be redeemed on the relevant redemption date, plus, in each case, accrued and unpaid interest thereon to, plus excluding, the date of redemption. Notice of any such redemption will be mailed at least 30 days but not more than 60 days before the redemption date to each Holder of the Notes to be redeemed. Notice of redemption will be published in a daily newspaper of general circulation in the United States, and the Company will give notice of any such redemption to any exchange on which the Notes are listed. On and after any redemption date, interest will cease to accrue on the Notes or portions thereof called for redemption. On or before the redemption date, we will deposit with a Paying Agent (or the Trustee) money sufficient to pay the redemption price of and accrued interest on the Notes to be redeemed on that date.  If less than all of the Notes are to be redeemed, the Notes to be redeemed shall be selected by lot by DTC, in the case of Notes represented by a global security, or by the Trustee by such method as the Trustee deems to be fair and appropriate, in the case of Notes that are not represented by a global security.

 

9.                                 In the event of changes in withholding taxes applicable to payments of interest on the Notes in Switzerland or any other Relevant Taxing Jurisdiction (excluding, for the purposes of this section, the United States), the Company may redeem the notes in whole (but not in part) as set forth in the forms of the Notes attached hereto as Annex A.

 

10.                          There is no obligation of the Company to redeem or purchase Notes pursuant to

 











 

any sinking fund or analogous provisions or at the option of a Holder thereof.

 

11.                          The Notes are issued in denominations of $2,000 and integral multiples of $1,000 in excess of $2,000.

 

12.                          Additional Amounts are payable by the Company or the Guarantor, as applicable, as set forth in Section 4.5 of the Indenture, except that no Additional Amounts will be payable with respect to Taxes for or on account of any withholding or deduction imposed under the U.S. Internal Revenue Code of 1986, as amended, any U.S. Treasury Regulations or other guidance issued or agreements entered into thereunder, any official written interpretations thereof or any law implementing an intergovernmental approach thereto.

 

13.                          The Notes are issued in registered form only. Individual certificates in respect of the Notes will not be issued except in very limited circumstances.

 

14.                          Instead of the Events of Default set forth in Section 7.1 of the Indenture, an Event of Default with respect to the Notes will mean only any one of the events set forth in the forms of the Notes attached hereto as Annex A.

 

15.                          The Notes will be guaranteed as set forth in the forms of Notes attached hereto as Annex A.

 

16.                          The applicable CUSIP number for the Notes is 66989HAL2 for the 2020 Notes, 66989HAM0 for the 2022 Notes and 66989HAN8 for the 2027 Notes.

 

17.                          The form and terms of the Terms Agreement (including the Underwriting Agreement included as Annex A therein), dated February 14, 2017 among the Company, the Guarantor, and Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated, as representatives of the several underwriters named therein (the “Terms Agreement”), which is attached hereto as Annex B, is hereby approved.

 

18.                          The Notes are being sold to the underwriters at the price and upon the terms set forth in the Terms Agreement.

 

19.                          The Notes and the guarantees shall be in the form attached hereto as Annex A.

 











 

IN WITNESS WHEREOF, I have hereunto signed my name.

 

Dated: February 17, 2017

 

	
 
    	
NOVARTIS   CAPITAL CORPORATION
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By: 
    	
/s/ Craig Osten
    
	
 
    	
Name: 
    	
Craig Osten
    
	
 
    	
Title:
    	
President
    


 

Novartis Capital Corporation Officer’s Certificate

 











 

ANNEX A

 

Forms of Notes

 

Incorporated by reference to Exhibits 4.6, 4.7 and 4.8 to this Post-Effective Amendment No. 2 to Form F-3 (file no. 333-207004) filed with the SEC on February 17, 2017.

 











 

ANNEX B

 

Terms Agreement

 

Incorporated by reference to Exhibit 1.1 to Form F-3 (file no. 333-207004) filed with the SEC on September 18, 2015.