Document:

EX-4.2

 Exhibit 4.2 

Execution Version 

EMERSON ELECTRIC CO. 
 as
Issuer 
 and 

WELLS FARGO BANK, NATIONAL ASSOCIATION 

as Trustee 
 SECOND
SUPPLEMENTAL INDENTURE 
 Dated as of May 22, 2019 

€500,000,000 0.375% Notes due 2024 
  

 SECOND SUPPLEMENTAL INDENTURE, dated as of May 22, 2019 (this “Second
Supplemental Indenture”), by and between EMERSON ELECTRIC CO., a Missouri corporation (the “Issuer”) and Wells Fargo Bank, National Association, a national banking association, as successor to The Bank of New York Mellon Trust
Company, N.A. (successor to The Bank of New York), as the trustee (the “Trustee”). 
 RECITALS 

WHEREAS, the Issuer had heretofore executed and delivered to the Trustee an Indenture dated as of December 10, 1998 (the
“Original Indenture” and, together with this Second Supplemental Indenture, the “Indenture”) providing for the issuance by the Issuer from time to time of its unsecured debentures, notes or other evidences of indebtedness to be
issued in one or more series (in the Original Indenture and herein called the “Securities”); and 
 WHEREAS,
Section 8.1 of the Original Indenture provides, among other things, that the Issuer and the Trustee may, without the consent of Holders, enter into indentures supplemental to the Original Indenture to create one or more series of the
Issuer’s Securities and establish the form, terms and conditions thereof, as permitted by Sections 2.1 and 2.3 of the Original Indenture; 

WHEREAS, the Issuer desires to create and provide for the issuance of new Securities to be designated as the “0.375% Notes due
2024” (the “Notes”); 
 WHEREAS, pursuant to Sections 6.2, 8.4 and 13.5 of the Original Indenture, an Officers’
Certificate and an Opinion of Counsel have been delivered to the Trustee stating that the execution and delivery of this Second Supplemental Indenture is authorized or permitted by the Original Indenture and complies with the applicable provisions
thereof and that all conditions precedent provided for in the Original Indenture relating to the execution of this Second Supplemental Indenture have been complied with; and 

WHEREAS, all acts and things necessary to make the Notes, when the Notes have been executed by the Issuer, authenticated by the
Authenticating Agent, issued upon the terms and subject to the conditions set forth hereinafter and in the Original Indenture and delivered as provided in the Indenture against payment therefor, valid, binding and legal obligations of the Issuer,
enforceable against the Issuer according to their terms, and all actions required to be taken by the Issuer under the Original Indenture to make this Second Supplemental Indenture a valid, binding and legal agreement of the Issuer, have been
done;  
 NOW, THEREFORE, in consideration of the premises and for other good and valuable consideration, the sufficiency and
adequacy of which are hereby acknowledged, the parties hereto hereby agree as follows:  
 ARTICLE I 

APPLICATION OF SUPPLEMENTAL INDENTURE 

AND CREATION OF NOTES 

SECTION 1.01. Application of this Second Supplemental Indenture. Notwithstanding any other provision of this Second Supplemental
Indenture, the provisions of this Second Supplemental Indenture, including the covenants set forth herein, are expressly and solely for the benefit of the Holders of the Notes. The Notes constitute a separate series of Securities as provided in
Section 2.3 of the Original Indenture. 

 SECTION 1.02. Definitions. 

(a) Capitalized terms used in this Second Supplemental Indenture and not otherwise defined herein shall have the meanings ascribed to them in
the Original Indenture. 
 (b) To the extent a defined term is defined both in this Second Supplemental Indenture, including the Exhibits
hereto, and in the Original Indenture, the definition in this Second Supplemental Indenture, including the Exhibits hereto, shall govern with respect to the Notes. 

(c) For purposes of the Trust Indenture Act, “indenture trustee” or “institutional trustee” shall mean the Trustee. 

(d) In addition, the following terms shall have the following meanings to be equally applicable to both the singular and the plural forms of
the terms defined: 
 “Additional Amounts” has the meaning set forth in Section 2.06 hereof. 

“Agency Agreement” means the Agency Agreement by and among the Issuer, the Paying Agent, the Security Registrar, the
Authenticating Agent, and the Trustee effective as of May 22, 2019. 
 “Authenticating Agent” means any Person
authorized by the Trustee pursuant to Section 2.09 hereof to act on behalf of the Trustee to authenticate Securities of one or more series.  

“Business Day” means any day that is not a Saturday or Sunday and that is not a day on which banking institutions are
authorized or obligated by law or executive order to close in the City of New York or London and on which the Trans-European Automated Real-time Gross Settlement Express Transfer system (the TARGET2 system), or any successor thereto, operates. 

“Clearstream” means Clearstream Banking, S.A.  

“Code” has the meaning set forth in Section 2.06. 

“Comparable Government Bond” means, in relation to any Comparable Government Bond Rate calculation, at the discretion of an
independent investment bank selected by the Issuer, a German federal government bond whose maturity is closest to the maturity of the Notes to be redeemed, or if such independent investment bank in its discretion determines that such similar bond is
not in issue, such other German federal government bond as such independent investment bank may, with the advice of three brokers of, and/or market makers in, German federal government bonds selected by the Issuer, determine to be appropriate for
determining the Comparable Government Bond Rate. 
 “Comparable Government Bond Rate” means, with respect to any Redemption
Date, 

  
 2 

 
the price, expressed as a percentage (rounded to three decimal places, with 0.0005 being rounded upwards), at which the gross redemption yield on the Notes to be redeemed, if they were to be
purchased at such price on the third Business Day prior to the Redemption Date, would be equal to the gross redemption yield on such Business Day of the Comparable Government Bond on the basis of the middle market price of the Comparable Government
Bond prevailing at 11:00 a.m. (London time) on such Business Day as determined by an independent investment bank selected by the Issuer. 

“Corporate Trust Office” shall be for the purposes of (a) Sections 7.5 and 13.4 in the Original Indenture,
the office of the Trustee, which office is, at the date of this Second Supplemental Indenture, located at Wells Fargo Bank, National Association, 150 East 42nd Street, 40th Floor, New York, New York 10017, Attention: Corporate Trust Services,
(b) Section 2.8 of the Original Indenture and the provisions of Section 3.2 of the Original Indenture relating to the registration of transfer or exchange of the Notes, the office of the Security Registrar, which office is, as of the
date of this Second Supplemental Indenture, located at U.S. Bank National Association, 100 Wall Street, New York, New York 10005, (c) the other provisions of Section 3.2 of the Original Indenture, the office of the Paying Agent, which office
is, at the date of this Second Supplemental Indenture, located at Elavon Financial Services DAC, UK Branch, 125 Old Broad Street, Fifth Floor, London EC2N 1 AR, United Kingdom, Attention: MBS Relationship Management, or (d) in each case such
other addresses as to which Trustee, the Security Registrar or the Paying Agent, as the case may be, may give notice to the Issuer. 

“Depositary” means, with respect to the Notes, Elavon Financial Services DAC, as common depositary, or its nominee, on behalf
of Euroclear and Clearstream, or any successor entity thereto. For the purposes of this Second Supplemental Indenture only, the third paragraph under Section 2.4 of the Original Indenture is replaced in its entirety by the following: 

“For Securities of any series that are denominated in United States dollars, each Depositary designated pursuant to Section 2.3 for
a Global Security in registered form must, at the time of its designation and at all times while it serves as a Depositary, be a clearing agency registered under the Securities Exchange Act of 1934, as amended, and shall be eligible to serve as such
under any other applicable statute or regulation. Without limiting the foregoing, Euroclear Bank SA/NV and Clearstream Banking, S.A., and their nominees and successors, are expressly authorized to be designated as Depositary pursuant to
Section 2.3.” 
 “Dollar” and “$” means the lawful currency of the United States of America.
 
 “€” or “euro” means the single currency introduced at the third stage of the European
Economic and Monetary Union pursuant to the Treaty on the Functioning of the European Union, as amended from time to time. 

“Euroclear” means Euroclear Bank SA/NV, as operator of the Euroclear System.  

“Global Note” means a single permanent fully-registered global note in book-entry form, without coupons, deposited with, or
on behalf of, the Depositary or its nominee, and registered in the name of the Depositary or its nominee, substantially in the form of Exhibit A attached hereto. A Global Note is a “Global Security” within the meaning of the Original
Indenture. 

  
 3 

 “Indenture” means the Original Indenture as supplemented and amended by
this Second Supplemental Indenture. 
 “Interest Payment Date” has the meaning set forth in Section 2.03(c) hereof.

 “Maturity Date” has the meaning set forth in Section 2.03(b) hereof. 

“Notes” has the meaning set forth in the Recitals hereto. 

“Original Indenture” has the meaning set forth in the Recitals hereto. 

“Par Call Date” means April 22, 2024. 

“Paying Agent” means any Person authorized by the Issuer to pay the principal of or any premium or interest on the Notes on
behalf of the Issuer.  
 “Paying Agent Office” means the designated office of the Paying Agent of which the
corporate trust paying agent office of the Paying Agent shall, at any particular time, be administered, which office is, at the date of this Second Supplemental Indenture, located at 125 Old Broad Street, Fifth Floor, London EC2N 1 AR, United
Kingdom, Attention: MBS Relationship Management.  
 “Redemption Date” means the Business Day on which Notes are
redeemed by the Issuer pursuant to Sections 3.01 or 3.02 hereof. 
 “Redemption Price” means the price at which Notes are
redeemed by the Issuer pursuant to Sections 3.01 or 3.02 hereof. 
 “Registered Securities” means any Notes which are
registered in the security register. 
 “Regular Record Date” has the meaning set forth in Section 2.03(c) hereof.

 “Second Supplemental Indenture” has the meaning set forth in the Recitals hereto. 

“Security Registrar” means any Person authorized by the Issuer to maintain the security register for the purpose of
registering and transferring the Notes.  
 ARTICLE II 

CREATION, FORMS, 
 TERMS,
CONDITIONS AND COVENANTS OF THE SECURITIES 
 Section 2.01. Creation of the Notes. In accordance with Section 2.3 of
the Original Indenture, the Issuer hereby creates the Notes as a separate series of its Securities issued pursuant to the Indenture. The Notes shall be issued initially in an aggregate principal amount of €500,000,000, except as permitted by
Sections 2.8, 2.9 or 2.11 of the Original Indenture. 
 Section 2.02. Form of the Notes. The Notes shall be issued in the form
of a Global Note, duly executed by the Issuer and authenticated by the Authenticating Agent, which shall be deposited with, or on behalf of, the Depositary or its nominee, as common depositary for, and in

  
 4 

 
respect of interests held through, Euroclear and Clearstream, and registered in the name of such common depositary or its nominee for the accounts of Euroclear and Clearstream. The Notes and the
Trustee’s and Authenticating Agent’s Certification of Authentication in respect thereof shall be substantially in the form of Exhibit A attached hereto. So long as Euroclear or Clearstream or their nominee or the Depositary or its nominee
is the Holder of the Global Note, Euroclear, Clearstream, the Depositary or their respective nominees, as the case may be, shall be considered the sole owner or Holder of the Notes represented by such Global Note for all purposes under the Indenture
and the Notes. Except as set forth in Sections 2.03(d) hereof, the Global Note may be transferred, in whole and not in part, only to Euroclear or Clearstream or their respective nominees only through records maintained by Clearstream and Euroclear
(with respect to beneficial interests of participants) or by participants or Persons that hold interests through participants (with respect to beneficial interests of beneficial owners), and owners of beneficial interests in the Global Note will not
be entitled to have the Notes registered in their names and will not receive or be entitled to receive physical delivery of Notes in definitive form. Payments of principal, premium, if any, and interest in respect of the Global Note will be made to
Euroclear, Clearstream, such nominee or such Depositary, as the case may be, as Holder thereof. None of the Issuer, the Trustee, any underwriter or any affiliate of any of the above or any Person by whom any of the above is “controlled,”
as such term is defined in the Securities Act, will have any responsibility or liability for any records relating to or payments made on account of beneficial ownership interests in the Global Note or for maintaining, supervising or reviewing any
records relating to such beneficial ownership interests. The terms and provisions contained in the form of Global Note attached hereto as Exhibit A shall constitute, and are hereby expressly made, a part of this Second Supplemental Indenture and the
Issuer, by its execution and delivery of this Second Supplemental Indenture, expressly agrees to such terms and provisions and to be bound thereto. Any of the Notes may have such letters, numbers or other marks of identification and such notations,
legends and endorsements as the officers executing the same may approve (execution thereof to be conclusive evidence of such approval) and are not inconsistent with the provisions of the Indenture (and which do not affect the rights, duties or
immunities of the Trustee), or as may be required to comply with any law or with any rule or regulation made pursuant thereto or with any rule or regulation of any securities exchange or automated quotation system on which the Notes may be listed.
For the purposes of this Second Supplemental Indenture only, the Global Security Legend for the Notes shall be the legend set forth at the beginning of the form of Global Note attached hereto as Exhibit A, and such legend shall apply in lieu of the
legend set forth in Section 2.4 of the Original Indenture. 
 Section 2.03. Terms, Conditions and Covenants of the Notes.
The Notes shall be governed by all the terms, conditions and covenants of the Original Indenture, as supplemented by this Second Supplemental Indenture. In particular, the following provisions shall be terms of the Notes: 

(a) Title and Aggregate Principal Amount. The title of the Notes shall be as specified in the Recitals; and the aggregate principal
amount of the Notes shall be as specified in Section 2.01 of this Article II, except as permitted by Section 2.8, 2.9 or 2.11 of the Original Indenture. 

(b) Stated Maturity. The Notes shall mature, and the unpaid principal thereon shall be payable, on May 22, 2024 (the
“Maturity Date”), subject to the provisions of the Original Indenture and Article III below. 

  
 5 

 (c) Interest. The rate per annum at which interest shall be payable on the Notes
shall be 0.375%. Interest on the Notes shall be payable annually in arrears on each May 22, commencing on May 22, 2020 (an “Interest Payment Date”), to the Persons in whose names the Notes are registered in the security register
applicable to the Notes at the close of business on the immediately preceding May 7 prior to the applicable Interest Payment Date regardless of whether such day is a Business Day (each, a “Regular Record Date”). Interest on the Notes
shall be computed on the basis of the actual number of days in the period for which interest is being calculated and the actual number of days from and including the last date on which interest was paid on the Notes (or May 22, 2019, if no
interest has been paid on the Notes), to, but excluding, the next scheduled Interest Payment Date. This payment convention is referred to as ACTUAL/ACTUAL (ICMA) as defined in the rulebook of the International Capital Market Association. Interest on
the Notes shall accrue from and including May 22, 2019. If an Interest Payment Date or the Maturity Date falls on a day that is not a Business Day, the related payment of interest or principal, as applicable, will be made on the next Business
Day with the same force and effect as if it were made on the date the payment was due, and no interest will accrue on the amount so payable for the period from and after that Interest Payment Date or the Maturity Date, as the case may be, to the
date the payment is made. Interest payments will include accrued interest from and including the date of issue or from and including the last date in respect to which interest has been paid, as the case may be, to, but excluding, the Interest
Payment Date or the Maturity Date, as the case may be. 
 (d) Registration and Form. The Notes shall be issuable as Registered
Securities as provided in Section 2.02 of this Article II, subject to Article IV. The Notes shall be issued and may be transferred only in minimum denominations of €100,000 and integral multiples of €1,000 in excess thereof. All
payments of principal, premium, Redemption Price and accrued and unpaid interest in respect of the Notes shall be made by the Issuer in immediately available funds and shall be payable in euro and, subject to Section 2.10(c) hereof, not any
other currency. 
 (e) Defeasance and Covenant Defeasance. The provisions for defeasance in Section 12.2 of the Original
Indenture, and the provisions for covenant defeasance in Section 12.3 of the Original Indenture, shall be applicable to the Notes. 

(f) Further Issues. Notwithstanding anything to the contrary contained herein or in the Original Indenture, the Issuer may, from time
to time, without the consent of or notice to the beneficial owners, create and issue further debt securities having the same ranking and terms and conditions as the Notes in all respects, except for issue date and, in some cases, the public offering
price and the first Interest Payment Date. Additional Notes issued in this manner shall be consolidated with, and shall form a single series with, the previously outstanding Notes; provided that if such additional Notes are not fungible with
the previously issued Notes for U.S. federal income tax purposes, such additional Notes will have separate CUSIP and ISIN numbers. Notice of the issuance of any such additional Notes shall be given by the Issuer to the Trustee, the Original Trustee,
the Paying Agent, the Security Registrar and the Authenticating Agent and a new supplemental indenture shall be executed in connection therewith. No such additional Notes may be issued if an Event of Default has occurred and is continuing with
respect to the Notes. 
 (g) Other Terms, Conditions and Covenants. The Notes shall have such other terms, conditions and covenants
as provided in the form thereof attached as Exhibit A. 

  
 6 

 Section 2.04. Ranking. The Notes shall be general unsecured obligations of the
Issuer. The Notes shall rank pari passu in right of payment with all unsecured and unsubordinated indebtedness of the Issuer and senior in right of payment to all subordinated indebtedness of the Issuer. 

Section 2.05. Sinking Fund. The Notes will not be entitled to any sinking fund. 

Section 2.06. Payment of Additional Amounts. 

(a) The Issuer will, subject to the exceptions and limitations set forth below, pay such additional amounts (“Additional Amounts”) as
will result in the receipt by each beneficial owner of a Note that is not a United States person (as defined in clause (c) below) of such amounts, after withholding or deduction for any present or future tax, assessment or other governmental
charge imposed by the United States or a taxing authority in the United States (including any withholding or deduction with respect to the payment of such additional amounts) as would have been received had no such withholding or deduction been
required; provided, however, that the foregoing obligation to pay Additional Amounts shall not apply: 
 (1) to any tax,
assessment or other governmental charge that is imposed by reason of the Holder (or the beneficial owner for whose benefit such Holder holds such Note), or a fiduciary, settlor, beneficiary, member or shareholder or other equity owner of, or
possessor of a power over, the Holder or beneficial owner if the Holder or beneficial owner is an estate, trust, partnership, corporation or other entity, being considered as: 

(a) being or having been engaged in a trade or business in the United States or having been present in the United States or
having had a permanent establishment in the United States; 
 (b) having a current or former connection with the United
States (other than a connection arising solely as a result of the ownership of the Notes, the receipt of any payment thereon or the enforcement of any rights thereunder), including being or having been a citizen or resident of the United States;

 (c) being or having been a personal holding company, a passive foreign investment company, a controlled foreign
corporation or a foreign tax exempt organization for United States federal income tax purposes or a corporation that has accumulated earnings to avoid United States federal income tax; 

(d) being or having been a “10-percent shareholder” of the Issuer as defined
in Section 871(h)(3) of the United States Internal Revenue Code of 1986, as amended (the “Code”), or any successor provision; or 

(e) being or having been a bank receiving payments on an extension of credit made pursuant to a loan agreement entered into in
the ordinary course of its trade or business; 

  
 7 

 (2) to any Holder that is not the sole beneficial owner of the Notes, or a portion of the
Notes, or that is a fiduciary, partnership or limited liability company, but only to the extent that a beneficial owner with respect to the Holder, a beneficiary or settlor with respect to the fiduciary, or a beneficial owner or member of the
partnership or limited liability company would not have been entitled to the payment of such Additional Amounts had the beneficiary, settlor, beneficial owner or member received directly its beneficial or distributive share of the payment; 

(3) to any tax, assessment or other governmental charge that would not have been imposed but for the failure of the Holder or any other person
to comply with certification, identification or information reporting requirements concerning the nationality, residence, identity or connection with the United States of such Holder or other person, if compliance is required by statute, by
regulation of the United States or any taxing authority therein or by an applicable income tax treaty to which the United States is a party as a precondition to exemption from, or reduction in, such tax, assessment or other governmental charge; 

(4) to any tax, assessment or other governmental charge that is imposed otherwise than by withholding or deducting from payments on the Notes;

 (5) to any tax, assessment or other governmental charge that would not have been imposed but for a change in law, treaty, regulation or
administrative or judicial interpretation that becomes effective more than 15 days after the payment becomes due or is duly provided for, whichever occurs later; 

(6) to any estate, inheritance, gift, sales, excise, transfer, wealth, capital gains or personal property tax or similar tax, assessment or
other governmental charge; 
 (7) to any tax, assessment or other governmental charge required to be withheld by any Paying Agent from any
payment of principal of or premium, if any, or interest on any note, if such payment can be made without such withholding by at least one other Paying Agent; 

(8) to any tax, assessment or other governmental charge that would not have been imposed but for the presentation by the Holder of any note,
where presentation is required, for payment on a date more than 30 days after the date on which payment became due and payable or the date on which payment thereof is duly provided for, whichever occurs later; 

(9) to any tax, assessment or other governmental charge imposed under Sections 1471 through 1474 of the Code (or any amended or successor
provisions), any current or future regulations or official interpretations thereof, any agreement entered into pursuant to Section 1471(b) of the Code, any intergovernmental agreement or any fiscal or regulatory legislation, rules or practices
adopted pursuant to any intergovernmental agreement entered into in connection with the implementation of such sections of the Code; or 

(10) in the case of any combination of clauses (1), (2), (3), (4), (5), (6), (7), (8) and (9). 

(b) The Notes are subject in all cases to any tax, fiscal or other law or regulation or administrative or judicial interpretation applicable
to the Notes. Except as specifically provided under this Section 2.06, the Issuer will not be required to make any payment for any tax, assessment or other governmental charge imposed by any government or a political subdivision or taxing
authority of or in any government or political subdivision. 

  
 8 

 (c) As used under this Section 2.06, the term “United States” means the
United States of America (including the states of the United States and the District of Columbia and any political subdivision thereof) and the term “United States person” means any individual who is a citizen or resident of the United
States for U.S. federal income tax purposes, a corporation, partnership or other entity created or organized in or under the laws of the United States, any state of the United States or the District of Columbia (other than a partnership that is not
treated as a United States person under any applicable Treasury regulations), or any estate or trust the income of which is subject to United States federal income taxation regardless of its source. 

(d) Whenever in the Indenture (including the Notes) there is referenced, in any, context, the payment of amounts based on the payment of
principal of, or premium, if any, or interest on, the Notes, or any other amount payable thereunder or with respect thereto, such reference will be deemed to include the payment of Additional Amounts as described under this Section 2.06 to the
extent that, in such context, Additional Amounts are, were or would be payable in respect thereof. If Additional Amounts are payable on the Notes, the Issuer shall provide an Officers’ Certificate to the Trustee and the Paying Agent on or
before the date such Additional Amounts are payable setting forth the amount of such Additional Amounts in reasonable detail. The Trustee and the Paying Agent may provide a copy of such Officers’ Certificate or other notice received from the
Issuer relating to Additional Amounts to any Holder upon request. Unless and until a Responsible Officer of the Trustee receives at the Corporate Trust Office such a certificate, the Trustee and the Paying Agent may assume without inquiry that no
such Additional Amounts are payable. The Trustee and the Paying Agent shall not at any time be under any duty or responsibility to any Holder to determine whether any Additional Amounts are payable, or with respect to the nature, extent, or
calculation of the amount of any Additional Amounts owed, or with respect to the method employed in such calculation of any Additional Amount. If the Issuer has paid Additional Amounts directly to the Persons entitled to it, the Issuer shall deliver
to the Trustee and the Paying Agent an Officers’ Certificate setting forth the particulars of such payment. 
 Section 2.07.
Paying Agent and Security Registrar. 
 The Issuer shall maintain a Paying Agent authorized by the Issuer. The Issuer hereby
authorizes Elavon Financial Services DAC, UK Branch to initially act as the Paying Agent for the Notes. The Issuer shall maintain a Security Registrar. The Issuer hereby authorizes U.S. Bank National Association to initially act as Security
Registrar for the Notes. 
 For so long as the Notes are represented in the form of a Global Note, the Issuer shall, through the Paying
Agent, make all payments of principal and interest by wire transfer of immediately available funds in euro to the Depositary or its nominee, as the case may be, as the registered owner and Holder of the Global Note representing such Notes. In the
event that Notes in definitive form shall have been issued, payments (including principal, premium, if any, and interest) with respect to the Notes in definitive form will be payable at the Paying Agent Office, or, at the Issuer’s option, by
check mailed to the Holders thereof at the respective addresses set forth in the security register, provided that all payments (including principal, premium, if any, and interest) on Notes in definitive form, for which the Holders thereof
have given wire transfer 

  
 9 

 
instructions to the Paying Agent at least ten Business Days prior to the applicable payment date, will be required to be made by wire transfer of immediately available funds in euro to the
accounts specified by the Holders thereof, subject, in each case, to surrender of the Notes to the Paying Agent in the case of payments of principal or premium. 

No service charge will be made for any transfer or exchange of the Notes, but the Issuer may require payment of a sum sufficient to cover any
tax or other governmental charge payable in connection with a transfer or exchange. 
 Section 2.08. Authenticating Agent. 

The Trustee may appoint an Authenticating Agent reasonably acceptable to the Issuer. Unless limited by the terms of such appointment, an
Authenticating Agent may authenticate Securities whenever the Trustee may do so. Each reference in the Indenture to authentication by the Trustee includes authentication by such agent. 

The Trustee hereby appoints Elavon Financial Services DAC, UK Branch as an Authenticating Agent to authenticate and deliver the Notes on
behalf of the Trustee. Elavon Financial Services DAC, UK Branch as an Authenticating Agent is acceptable to the Issuer. 

Section 2.09. Issuance in Euro. 

(a) Initial Holders of the Notes will be required to pay for the Notes in euro, and principal, premium, if any, and interest payments on the
Notes, including any payments made upon any redemption of the Notes, will be payable in euro. 
 (b) Distributions of principal, premium, if
any, and interest with respect to the Global Note will be credited in euro to the extent received by Euroclear or Clearstream from the Paying Agent to the cash accounts of Euroclear or Clearstream customers in accordance with the relevant
system’s rules and procedures. 
 (c) If, on or after the date of issuance of the Notes, the Issuer is unable to obtain euro in amounts
sufficient to make a required payment under the Notes due to the imposition of exchange controls or other circumstances beyond the Issuer’s control (including the dissolution of the European Monetary Union) or if the euro is no longer being
used by the then member states of the European Monetary Union that have adopted the euro as their currency or for the settlement of transactions by public institutions of or within the international banking community, then all payments in respect of
the Notes will be made in Dollars until the euro is again available to the Issuer or so used. In such circumstances, the amount payable on any date in euro will be converted into Dollars at the rate mandated by the U.S. Federal Reserve Board as of
the close of business on the second Business Day prior to the relevant payment date or, in the event the U.S. Federal Reserve Board has not mandated a rate of conversion, on the basis of the then most recent euro/Dollar exchange rate available on or
prior to the second Business Day prior to the relevant payment date, as determined by the Issuer in its sole discretion. Any payment in respect of the Notes so made in Dollars will not constitute an Event of Default under the Notes or the Indenture.
Neither the Trustee nor the Paying Agent shall have any responsibility for any calculation or conversion in connection with the foregoing. 

  
 10 

 ARTICLE III 

REDEMPTIONS 

Section 3.01. Optional Redemption. 

(a) Prior to the Par Call Date. The Notes will be redeemable, either in whole or from time to time in part, at the option of the Issuer,
prior to the Par Call Date, upon not less than 30 days and not more than 60 days prior notice transmitted to the Holders of the Notes to be redeemed, at a Redemption Price equal to the greater of: 

(i) 100 percent of the principal amount of such Notes to be redeemed, and 

(ii) the sum of the present values of the remaining scheduled payments of principal and interest thereon (exclusive of interest accrued to
that Redemption Date) discounted to that Redemption Date on an annual basis (ACTUAL/ACTUAL (ICMA)) at the Comparable Government Bond Rate plus 15 basis points, 

plus, in either case, accrued and unpaid interest on the principal amount being redeemed to that Redemption Date. 

(b) On or After the Par Call Date. 

The Notes will be redeemable, either in whole or from time to time in part, at the option of the Issuer, on or after the Par Call Date, upon
not less than 30 days and not more than 60 days prior notice transmitted to the Holders of the Notes to be redeemed, at a Redemption Price equal to 100 percent of the principal amount of the Notes being redeemed, plus, in each case, accrued and
unpaid interest on the principal amount being redeemed to the applicable Redemption Date. 
 (c) Accrued Interest. Notwithstanding
subsections (a) and (b) above, installments of interest on the Notes which are due and payable on the Interest Payment Date falling on or prior to a Redemption Date shall be payable on such Interest Payment Date to the Holders of those Notes as
of the close of business on the relevant Regular Record Date according to the terms of the Notes and the Indenture. On and after the Redemption Date, interest will cease to accrue on the Notes or any portion of the Notes that are called for
redemption (unless the Issuer defaults in the payment of the Redemption Price). 
 (d) Notice. Notices of any optional redemption
shall be mailed or otherwise transmitted in accordance with the applicable procedures of Euroclear or Clearstream to the holders of Notes being redeemed not less than 30 days and not more than 60 days before the redemption date of the Notes being
redeemed. The Issuer shall notify the Trustee and the Paying Agent of the Redemption Price promptly after the calculation thereof and in any event no late than two Business Days prior to the Redemption Date, and the Trustee and the Paying Agent
shall not be responsible for such calculation. 
 (e) Payment. On or prior to 10:00 a.m., London time, on the Redemption Date (or
such later time as may be agreed between the Issuer and the Paying Agent), the Issuer shall deposit with the Paying Agent an amount of money sufficient to pay the Redemption Price of, and accrued interest on, the Notes to be redeemed to, but
excluding, the Redemption Date. 

  
 11 

 (f) Selection of Notes. If less than all of the Notes of a series are to be redeemed,
the Notes in that series to be redeemed shall be selected by the Paying Agent by a method the Paying Agent deems to be fair and appropriate or, in the event that the Notes are represented by one or more Global Notes, beneficial interests therein
shall be selected for redemption by Clearstream and Euroclear in accordance with their respective applicable procedures therefor. If the Notes are listed on any national securities exchange, Euroclear or Clearstream will select Notes in compliance
with their respective procedures and those of the principal national securities exchange on which the Notes are listed. Notwithstanding the foregoing, if less than all of the Notes are to be redeemed, no Notes of a principal amount of €100,000
or less shall be redeemed in part. In any case, the principal amount of any Note remaining outstanding after a redemption in part shall be €100,000 or an integral multiple of €1,000 in excess thereof. 

Section 3.02. Tax Redemption. If, as a result of any change in, or amendment to, the laws (or any regulations or rulings
promulgated under the laws) or treaties of the United States (or any taxing authority in the United States), or any change in, or amendments to, an official position regarding the application or interpretation of such laws, regulations, rulings or
treaties, which change or amendment is announced or becomes effective on or after the date of issuance of the Notes, the Issuer becomes or will become obligated to pay additional amounts as described herein under Section 2.06 with respect to
the Notes, then the Issuer may at any time at its option redeem, in whole, but not in part, the outstanding Notes on not less than 15 nor more than 60 days’ prior notice, at a redemption price equal to 100 percent of their principal
amount, together with accrued and unpaid interest on those Notes to, but not including, the date fixed for redemption; provided such obligation cannot be avoided by its taking reasonable measures available to it, not including substitution of the
obligor under the Notes. 
 ARTICLE IV 

TRANSFER AND EXCHANGE 

Section 4.01. Transfer and Exchange. 

For the purposes of this Second Supplemental Indenture only, the fifth and sixth paragraphs under Section 2.8 of the Original Indenture
are replaced in their entirety by the following: 
 “The Notes shall not be convertible into, or exchangeable for, any other securities
of the Issuer, except that the Notes shall be exchangeable for other Notes to the extent provided for in the Original Indenture and subject to the conditions set forth below. Subject to certain conditions, the Notes represented by the Global
Securities are exchangeable for Securities in definitive form of like tenor in minimum denominations of €100,000 principal amount and integral multiples of €1,000 in excess thereof if: 

(1) the Depositary provides notification that it is unwilling, unable or no longer qualified to continue as depositary for the Global
Securities and a successor is not appointed by the Issuer within 90 days; 
 (2) the Issuer has been notified that both Clearstream and
Euroclear have been closed for business for a continuous period of 14 days (other than by reason of holiday, statutory or otherwise) or have announced an intention permanently to cease business or have in fact done so and no successor clearing
system is available; 

  
 12 

 (3) the Issuer has or will become subject to adverse tax consequences which would not be
suffered were the Notes represented by the Securities in definitive form; or 
 (4) an event of default entitling the Holders of the Notes
to accelerate the maturity thereof has occurred and is continuing. 
 Upon the occurrence of any of the preceding events above, the Issuer
will notify the Trustee, the Paying Agent, the Security Registrar and the Authenticating Agent in writing that, upon surrender by the participants of their interest in such Global Securities, Securities in definitive form will be issued to each
Person that such participants and the Depositary identify as being the beneficial owner of the related Securities. Beneficial interests in Global Securities may be exchanged for Securities in definitive form of the same series upon request but only
upon at least 30 days’ prior written notice given to Trustee by or on behalf of the Depositary in accordance with customary procedures. Global Securities also may be exchanged or replaced, in whole or in part, as provided in Sections 2.8, 2.9
and 2.11 hereof. Except as otherwise provided above in this Section 2.8, every Security authenticated and delivered in exchange for, or in lieu of, a Global Security or any portion thereof, pursuant to this Section 2.8 or Sections 2.9 and
2.11 of the Original Indenture, shall be authenticated and delivered in the form of, and shall be, a Global Security. A Global Security may not be exchanged for another Security other than as provided in this Section 2.8. 

In all cases, definitive Securities delivered in exchange for any Global Security or beneficial interest therein will be registered in the
names, and issued in any approved denominations, requested by or on behalf of Clearstream and Euroclear (in accordance with their customary procedures).” 

ARTICLE V 
 OFFICES AND
ROLES 
 Section 5.01. Offices for Payment. Elavon Financial Services DAC, UK Branch will initially act as the Paying Agent
and Authenticating Agent for the Notes and U.S. Bank National Association will initially act as the Security Registrar for the Notes, including in each case for the purposes of Section 3.2 of the Original Indenture. The Notes may be presented
for payment at the Paying Agent Office of the Paying Agent or at any other agency as may be appointed from time to time by the Issuer, subject to Section 2.07 hereof. 

Section 5.02. Certain Roles. 

(a) Each reference to the Trustee or any agent in the Original Indenture, to the extent it relates to the performance of duties or the exercise
of rights assigned by this Second Supplemental Indenture, the Notes, or the Agency Agreement, in each case to the Paying Agent, shall be deemed to be a reference to the Paying Agent. 

  
 13 

 (b) The references to the Trustee in Section 2.1 of the Original Indenture, the
reference to the Trustee in Section 2.10 of the Original Indenture, each related reference in the Original Indenture to the Trustee receiving Securities for cancellation or cancelling Securities (including such references contained in the
definition of “Outstanding” and in Sections 2.1 and 10.1 of the Original Indenture), and each other reference to the Trustee or any agent, to the extent it relates to the performance of duties or the exercise of rights assigned by this
Second Supplemental Indenture, the Notes, or the Agency Agreement, in each case to the Security Registrar, shall be deemed to be a reference to the Security Registrar. 

(c) Each reference to the Trustee or any agent, to the extent it relates to the performance of duties or the exercise of rights assigned by
this Second Supplemental Indenture, the Notes, or the Agency Agreement, in each case to the Authenticating Agent, shall be deemed to be a reference to the Authenticating Agent. 

(d) Notwithstanding anything to the contrary, the Trustee, Paying Agent, Security Registrar, and Authenticating Agent may, with the consent of
the Issuer, provide for the performance of any of the duties to be performed by any of them under the Indenture or the Notes to be performed by another of them, subject to the terms of the Indenture, and any duties so performed shall be deemed to
have been performed by the appropriate party for all purposes under the Indenture and the Notes. 
 ARTICLE VI 

MISCELLANEOUS PROVISIONS 

Section 6.01. Ratification of Original Indenture. This Second Supplemental Indenture is executed and shall be construed as an
indenture supplemental to the Original Indenture, and as supplemented and modified hereby, the Original Indenture is in all respects ratified and confirmed, and the Original Indenture and this Second Supplemental Indenture shall be read, taken and
construed as one and the same instrument. 
 Section 6.02. Recitals of Fact. The Trustee makes no representation as to and shall
not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Second Supplemental Indenture or the Notes or the due execution thereof by the Issuer, except for any certificate of authentication in accordance
with the Indenture. The recitals of fact contained herein shall be taken as the statements solely of the Issuer and the Trustee assumes no responsibility for the correctness thereof or liability in any manner whatsoever for or with respect to any of
the recitals or statements contained herein, except, with respect to the Trustee, for any certificate of authentication in accordance with the Indenture. The Trustee shall not be accountable for the use or application by the Issuer of the Notes or
the proceeds thereof. The Trustee is hereby authorized by the Issuer to enter into the Agency Agreement and perform its obligations and exercise its rights thereunder in accordance with its terms. All of the provisions contained in the Indenture in
respect of the rights, powers, privileges, indemnities and immunities of the Trustee shall be applicable in respect of this Second Supplemental Indenture and the Agency Agreement as fully and with like force and effect as though set forth in full
herein and therein. 
 Section 6.03. Effect of Headings. The Article and Section headings herein are for convenience only and
shall not affect the construction hereof. 

  
 14 

 Section 6.04. Successors and Assigns. All covenants and agreements in this
Second Supplemental Indenture by the Issuer shall bind its successors and assigns, whether so expressed or not. 
 Section 6.05.
Separability Clause. In case any one or more of the provisions contained in this Second Supplemental Indenture shall for any reason be held to be invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of
the remaining provisions shall not in any way be affected or impaired thereby. 
 Section 6.06. Governing Law; Jury Trial
Waiver. THIS SECOND SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. EACH OF THE ISSUER AND THE TRUSTEE, AND BY ITS ACCEPTANCE THEREOF, EACH HOLDER OF A NOTE, HEREBY IRREVOCABLY
WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS INDENTURE, THE NOTES OR THE TRANSACTIONS CONTEMPLATED HEREBY. 

Section 6.07. Counterparts. This Second Supplemental Indenture may be executed in any number of counterparts, and each of such
counterparts shall for all purposes be deemed to be an original, but all such counterparts shall together constitute one and the same instrument. Signatures of the parties hereto transmitted by facsimile or PDF may be used in lieu of the originals
and shall be deemed to be their original signatures for all purposes. 
 Section 6.08. U.S.A. Patriot Act. The Issuer
acknowledges that in accordance with the Customer Identification Program (CIP) requirements under the USA PATRIOT Act and its implementing regulations, the Trustee, in order to help fight the funding of terrorism and money laundering, is required to
obtain, verify, and record information that identifies each person or legal entity that establishes a relationship or opens an account with the Trustee. The Issuer hereby agrees that it shall provide the Trustee with such information as it may
request including, but not limited to, the Issuer’s name, physical address, tax identification number and other information that will help the Trustee identify and verify the Issuer’s identity such as organizational documents, certificate
of good standing, license to do business, or other pertinent identifying information. 

  
 15 

 IN WITNESS WHEREOF, the parties have caused this Second Supplemental Indenture to be duly executed as of the
date first written above. 
  

					
	EMERSON ELECTRIC CO.
		
	By:	 	 /s/ F. J. Dellaquila

		 	Name:	 	F. J. Dellaquila
		 	Title:	 	Senior Executive Vice President and Chief Financial Officer
		
	By:	 	 /s/ J. H. Thomasson

		 	Name:	 	J. H. Thomasson
		 	Title:	 	Vice President and Treasurer
	
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee
		
	By:	 	 /s/ Gregory S. Clarke

		 	Name:	 	Gregory S. Clarke
		 	Title:	 	Vice President

 [Signature Page to Second Supplemental Indenture] 

 EXHIBIT A 

FORM OF GLOBAL NOTE 

[FACE OF GLOBAL NOTE] 
 THIS SECURITY
IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE OF A DEPOSITARY. THIS SECURITY IS EXCHANGEABLE FOR SECURITIES REGISTERED IN THE NAME OF A PERSON OTHER THAN
THE DEPOSITARY OR ITS NOMINEE ONLY IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE, AND NO TRANSFER OF THIS SECURITY (OTHER THAN A TRANSFER OF THIS SECURITY AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE
DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY) MAY BE REGISTERED EXCEPT IN SUCH LIMITED CIRCUMSTANCES. 
 UNLESS THIS SECURITY IS
PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF EUROCLEAR BANK SA/NV, AS OPERATOR OF THE EUROCLEAR SYSTEM (“EUROCLEAR”), AND CLEARSTREAM BANKING, S.A. (“CLEARSTREAM” AND, TOGETHER WITH EUROCLEAR, “EUROCLEAR/CLEARSTREAM”)
TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY SECURITY ISSUED IS REGISTERED IN THE NAME OF USB NOMINEES (UK) LIMITED AS NOMINEE OF ELAVON FINANCIAL SERVICES DAC AS COMMON DEPOSITARY (THE
“DEPOSITARY”) OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF EUROCLEAR/CLEARSTREAM (AND ANY PAYMENT IS MADE TO USB NOMINEES (UK) LIMITED OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF
EUROCLEAR/CLEARSTREAM), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, USB NOMINEES (UK) LIMITED, HAS AN INTEREST HEREIN. 

EMERSON ELECTRIC CO. 

0.375% Note due 2024 
  

			
	 €500,000,000
	  	No.: A-1
		  	CUSIP: 291011 BK9
	 Issue Date: May 22, 2019
	  	ISIN: XS1999902502
		  	Common Code: 199990250

 Emerson Electric Co., a Missouri corporation (the “Issuer”), for value received, hereby promises to pay to USB
Nominees (UK) Limited, as nominee of the common depositary for Euroclear and Clearstream, or registered assigns, the principal sum of €500,000,000, or such other principal sum as shall be set forth in the Schedule of Exchanges of Interests
attached hereto, on May 22, 2024 (the “Maturity Date”), and to pay interest at 0.375% per annum annually in arrears on each May 22, commencing May 22, 2020 (each, an “Interest Payment Date”), with the interest
computed on the basis of the actual number of days in the period for which interest is being calculated and the actual number of days from and including the last date on which interest was paid on the Notes (or May 22, 2019, if no interest has
been paid on the Notes), to, but excluding, the next scheduled Interest Payment Date, which payment convention is referred to as ACTUAL/ACTUAL (ICMA) as defined in the rulebook of the International Capital Market Association. 

If an Interest Payment Date or the Maturity Date falls on a day that is not a Business Day, the related payment of interest or principal, as applicable, will
be made on the next Business Day with the same force and effect as if it were made on the date the payment was due, and no interest will accrue on the amount so payable for the period from and after that Interest Payment Date or the Maturity Date,
as the case may be, to the date the payment is made. 

  
 A–1 

 Interest payments will include accrued interest from and including the date of issue or from and including
the last date in respect to which interest has been paid, as the case may be, to, but excluding, the Interest Payment Date or the Maturity Date, as the case may be. 

Reference is hereby made to the further provisions of this Note set forth on the reverse hereof. Such further provisions shall for all purposes have the same
effect as though fully set forth at this place. 
 This Note shall not be valid or become obligatory for any purpose until the certificate of authentication
hereon shall have been signed by the Trustee under the Indenture referred to on the reverse hereof or the Authenticating Agent referred to herein. 

  
 A–2 

 IN WITNESS WHEREOF, Emerson Electric Co. has caused this instrument to be signed by facsimile by its duly
authorized officers and has caused a facsimile of its corporate seal to be affixed hereunto or imprinted hereon. 
  

							
		 		 	EMERSON ELECTRIC CO.
				
		 		 	By:	 	      

		 		 		 	Title: Senior Executive Vice President and Chief Financial Officer
				
		 		 	By:	 	      

		 		 		 	Title: Vice President and Treasurer

 [SEAL] 
 [FORM
OF TRUSTEE’S CERTIFICATE OF AUTHENTICATION] 
 This is one of the Securities described in the within-mentioned Indenture. 

 

							
	Dated:	 		 	WELLS FARGO BANK, NATIONAL ASSOCIATION, 
as Trustee
		 		 	By ELAVON FINANCIAL SERVICES DAC, UK BRANCH, as Authenticating Agent appointed by the Trustee
				
		 		 	By:	 	      

		 		 		 	Authorized Signatory

  
 A–3 

 [FORM OF REVERSE OF NOTE] 

EMERSON ELECTRIC CO. 
 0.375%
Notes due 2024 
 This Note is one of a duly authorized issue of unsecured debentures, notes or other evidence of indebtedness of the Issuer
(hereinafter called the “Securities”) of the series hereinafter specified, all issued or to be issued under and pursuant to an indenture dated as of December 10, 1998 (herein called the “Original Indenture”), duly executed
and delivered by the Issuer to Wells Fargo Bank, National Association (successor to The Bank of New York Mellon Trust Company, N.A. (successor to The Bank of New York Mellon (formerly known as The Bank of New York))), as trustee (herein called the
“Trustee”), as supplemented by a Second Supplemental Indenture dated as of May 22, 2019 (the “Second Supplemental Indenture” and, together with the Original Indenture, the “Indenture”), between the Issuer and the
Trustee, to which Indenture and all indentures supplemental thereto reference is hereby made for a description of the rights, limitations of rights, obligations, duties and immunities thereunder of the Trustee, the Issuer and the holders of the
Securities. The Securities may be issued in one or more series, which different series may be issued in various aggregate principal amounts, may mature at different times, may bear interest (if any) at different rates, may be subject to different
redemption provisions (if any), may be subject to different sinking, purchase or analogous funds (if any) and may otherwise vary as in the Indenture provided. This Note is one of a series designated as the 0.375% Notes due 2024 of the Issuer,
limited in aggregate principal amount to €500,000,000 (herein called the “Notes”). 
 The Notes of this series are
redeemable, in whole or from time to time in part, at the Issuer’s option, prior to the Par Call Date (as defined below), at a redemption price equal to the greater of (i) 100 percent of the principal amount of the Notes being redeemed and
(ii) the sum of the present values of the remaining scheduled payments of principal and interest thereon (exclusive of interest accrued to that Redemption Date) discounted to that Redemption Date on an annual basis (ACTUAL/ACTUAL (ICMA)) at the
applicable Comparable Government Bond Rate (as defined below) plus 15 basis points, plus, in either case, accrued and unpaid interest on the principal amount being redeemed to that Redemption Date. 

The Notes of this series are redeemable, in whole or from time to time in part, at the Issuer’s option, on or after the Par Call Date, at
a redemption price equal to 100 percent of the principal amount of the Notes being redeemed, plus accrued and unpaid interest on the principal amount being redeemed to the applicable Redemption Date. 

Notwithstanding the foregoing, installments of interest on the Notes which are due and payable on an Interest Payment Date falling on or prior
to the relevant Redemption Date shall be payable to the holders of those Notes, registered as such at the close of business on the relevant record date according to their terms and the provisions of the Indenture. 

Notice of any redemption will be mailed or otherwise transmitted in accordance with the applicable procedures of Euroclear or Clearstream to
each Holder of the Notes not less than 30 days but not more than 60 days before the Redemption Date of the Notes being redeemed. 

If less than all of the Notes of this series are to be redeemed, the Notes of this series to be redeemed shall be selected by the Paying Agent
by a method the Paying Agent deems to be fair and appropriate or, in the event that the Notes are represented by one or more Global Notes, beneficial interests therein shall be selected for redemption by Clearstream and Euroclear in accordance with
their respective applicable procedures therefor. If the Notes are listed on any national securities exchange, Euroclear or Clearstream will select Notes in compliance with the requirements of the principal national securities exchange on which the
Notes are listed. Notwithstanding the foregoing, if less than all of the Notes are to be redeemed, no Notes of a principal amount of €100,000 or less shall be redeemed in part. 

  
 A–4 

 “Comparable Government Bond Rate” means, with respect to any redemption
date, the price, expressed as a percentage (rounded to three decimal places, with 0.0005 being rounded upwards), at which the gross redemption yield on the Notes to be redeemed, if they were to be purchased at such price on the third Business Day
prior to the redemption date, would be equal to the gross redemption yield on such Business Bay of the Comparable Government Bond (as defined below) on the basis of the middle market price of the Comparable Government Bond prevailing at 11:00 a.m.
(London time) on such Business Day as determined by an independent investment bank selected by the Issuer. 
 “Comparable Government
Bond” means, in relation to any Comparable Government Bond Rate calculation, at the discretion of an independent investment bank selected by the Issuer, a German federal government bond whose maturity is closest to the maturity of the Notes
to be redeemed, or if such independent investment bank in its discretion determines that such similar bond is not in issue, such other German federal government bond as such independent investment bank may, with the advice of three brokers of,
and/or market makers in, German federal government bonds selected by the Issuer, determine to be appropriate for determining the Comparable Government Bond Rate. 

“Par Call Date” means April 22, 2024. 

If, as a result of any change in, or amendment to, the laws (or any regulations or rulings promulgated under the laws) or treaties of the
United States (or any taxing authority in the United States), or any change in, or amendments to, an official position regarding the application or interpretation of such laws, regulations, rulings or treaties, which change or amendment is announced
or becomes effective on or after the date of issuance of the Notes, the Issuer becomes or will become obligated to pay additional amounts as described under Section 2.06 of the Second Supplemental Indenture with respect to the Notes, then the
Issuer may at any time at its option redeem, in whole, but not in part, the outstanding Notes on not less than 15 nor more than 60 days’ prior notice, at a redemption price equal to 100 percent of their principal amount, together with
accrued and unpaid interest on those Notes to, but not including, the date fixed for redemption; provided such obligation cannot be avoided by its taking reasonable measures available to it, not including substitution of the obligor under the Notes.

 Pursuant to Section 2.06 of the Second Supplemental Indenture, the Issuer will, subject to the exceptions and limitations set forth
in Section 2.06 of the Second Supplemental Indenture, pay such additional amounts (“Additional Amounts”) as will result in the receipt by each beneficial owner of a Note that is not a United States person (as defined below) of such
amounts, after withholding or deduction for any present or future tax, assessment or other governmental charge imposed by the United States or a taxing authority in the United States (including any withholding or deduction with respect to the
payment of such Additional Amounts) as would have been received had no such withholding or deduction been required. 
 As used herein, the
term “United States” means the United States of America (including the states of the United States and the District of Columbia and any political subdivision thereof) and the term “United States person” means any individual who
is a citizen or resident of the United States for U.S. federal income tax purposes, a corporation, partnership or other entity created or organized in or under the laws of the United States, any state of the United States or the District of Columbia
(other than a partnership that is not treated as a United States person under any applicable Treasury regulations), or any estate or trust the income of which is subject to United States federal income taxation regardless of its source. 

Whenever in the Indenture (including in this Note) there is referenced, in any context, the payment of amounts based on the payment of
principal of, or premium, if any, or interest on, the Notes of this series, or any other amount payable thereunder or with respect thereto, such reference will be deemed to include the payment of Additional Amounts as described hereunder to the
extent that, in such context, Additional Amounts are, were or would be payable in respect thereof. 
 The Indenture contains provisions for
defeasance at any time of the entire Indebtedness of this Note or certain restrictive covenants and Events of Default with respect to this Note, in each case upon compliance with certain conditions set forth in the Indenture. 

In case an Event of Default with respect to the Notes shall have occurred and be continuing, the principal hereof may be declared, and upon
such declaration shall become, due and payable, in the manner, with the effect and subject to the conditions provided in the Indenture. 

  
 A–5 

 The Indenture contains provisions permitting the Issuer and the Trustee, with the consent of
the Holders of not less than a majority in aggregate principal amount of the Securities at the time Outstanding (as defined in the Indenture) of all series to be affected (voting as one class), evidenced as in the Indenture provided, to execute
supplemental indentures adding any provisions to or changing in any manner or eliminating any of the provisions of the Indenture or of any supplemental indenture or modifying in any manner the rights of the Holders of the Securities of each such
series; provided, however, that no such supplemental indenture shall (i) extend the final maturity of any Security, or reduce the principal amount thereof or any premium thereon, or reduce the rate or extend the time of payment of any
interest thereon, or reduce any amount payable on redemption thereof or reduce the amount of the principal of an Original Issue Discount Security (as defined in the Indenture) payable upon acceleration thereof or the amount thereof provable in
bankruptcy, or impair or affect the rights of any Holder to institute suit for the payment thereof, or, if the Securities provide therefor, any right of repayment at the option of the Holder, without the consent of the Holder of each Security so
affected, or (ii) reduce the aforesaid percentage of Securities, the Holders of which are required to consent to any such supplemental indenture, without the consent of the Holder of each Security affected. It is also provided in the Indenture
that, with respect to certain defaults or Events of Default regarding the Securities of any series, prior to any declaration accelerating the maturity of such Securities, the Holders of a majority in aggregate principal amount Outstanding of the
Securities of such series (or, in the case of certain defaults or Events of Default, all or certain series of the Securities) may on behalf of the Holders of all the Securities of such series (or all or certain series of the Securities, as the case
may be) waive any such past default or Event of Default and its consequences. The preceding sentence shall not, however, apply to a default in the payment of the principal of or premium, if any, or interest on any of the Securities. Any such consent
or waiver by the Holder of this Note (unless revoked as provided in the Indenture) shall be conclusive and binding upon such Holder and upon all future Holders and owners of this Note and any Notes which may be issued in exchange or substitution
herefor, irrespective of whether or not any notation thereof is made upon this Note or such other Notes. 
 No reference herein to the
Indenture and no provision of this Note or of the Indenture shall alter or impair the obligation of the Issuer, which is absolute and unconditional, to pay the principal of and any premium and interest on this Note in the manner, at the respective
times, at the rate and in the coin or currency herein prescribed. 
 No Global Note may be transferred except as a whole by the Depositary
to a nominee of the Depositary. Subject to certain conditions, the Notes represented by the Global Note are exchangeable for certificated notes in definitive form of like tenor in minimum denominations of €100,000 principal amount and integral
multiples of €1,000 in excess thereof if: (1) the Depositary provides notification that it is unwilling, unable or no longer qualified to continue as depositary for the Global Note and a successor is not appointed by the Issuer within
90 days; (2) the Issuer has been notified that both Clearstream and Euroclear have been closed for business for a continuous period of 14 days (other than by reason of holiday, statutory or otherwise) or have announced an intention
permanently to cease business or have in fact done so and no successor clearing system is available, (3) the Issuer has or will become subject to adverse tax consequences which would not be suffered were the Notes represented by the Global Note
in definitive form, or (4) an event of default entitling the Holders of the Notes to accelerate the maturity thereof has occurred and is continuing. Upon the occurrence of any of the preceding events, the Issuer will notify the Trustee in
writing that, upon surrender by the participants of their interest in such Global Note, Securities in definitive form will be issued to each Person that such participants and the Depositary identify as being the beneficial owner of the related
Securities. Beneficial interests in Global Notes may be exchanged for Securities in definitive form of the same series upon request but only upon at least 30 days’ prior written notice given to the Trustee by or on behalf of the Depositary in
accordance with customary procedures. 
 For purposes of the Notes, “Business Day” shall mean any day that is not a Saturday or
Sunday and that is not a day on which banking institutions are authorized or obligated by law or executive order to close in the City of New York or London and on which the Trans-European Automated Real-time Gross Settlement Express Transfer system
(the TARGET2 system), or any successor thereto, operates. 
 All terms used in this Note which are defined in the Indenture shall have the
meanings assigned to them in the Indenture. To the extent any provision of this Note conflicts with the express provisions of the Indenture, the provisions of the Indenture shall govern and be controlling. 

  
 A–6 

 The acceptance of this Note shall be deemed to constitute the consent and agreement of the
Holder hereof to all of the terms and provisions of the Indenture. Terms used herein which are defined in the Indenture shall have the respective meanings assigned thereto in the Indenture. 

THE INDENTURE AND THE NOTES SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO
CONFLICTS OF LAW PRINCIPLES THEREOF. 

  
 A–7 

 ASSIGNMENT FORM 

To assign this Note, fill in the form below: 
 I or we assign and
transfer this Note to: 
  
  

(Insert assignee’s social security or tax I.D. no.) 
  

 
  

 
  

 
  

 
 (Print or type assignee’s name,
address and zip code) 
 and irrevocably appoint
                                         
        as agent to transfer this Note on the books of the Issuer. The agent may substitute another to act for him. 
  

			
	Your Signature:	 	  

		 	(Sign exactly as your name appears on the other side of this Note)
		
	Your Name:	 	  

 Date:
                                     

 

					
	Signature Guarantee:	 	  
	  	*

  

	*	 NOTICE: The Signature must be guaranteed by an Institution which is a member of one of the following recognized
signature Guarantee Programs: (i) The Securities Transfer Agent Medallion Program (STAMP); (ii) The New York Stock Exchange Medallion Program (MNSP); (iii) The Stock Exchange Medallion Program (SEMP); or (iv) such other guarantee program
acceptable to the Trustee. 

  
 A–8 

 SCHEDULE OF EXCHANGES OF INTERESTS IN THE GLOBAL NOTE 

The following exchanges of an interest in this Global Note for an interest in another Global Note or for a Definitive Security, or exchanges of an interest in
another Global Note or a Definitive Security for an interest in this Global Note have been made: 
  

																	
	 Date of Exchange
	  	Amount of decrease
in Principal Amount of
this Global Note	 	  	Amount of increase
in Principal Amount of
this Global Note	 	  	Principal Amount of this
Global Note following
such decrease or increase	 	  	Signature of authorized
signatory or Trustee or
Securities Custodian	 
		  				  				  				  			
		  				  				  				  			
		  				  				  				  			
		  				  				  				  			
		  				  				  				  			

  
 A–9EX-4.3

 Exhibit 4.3 

Execution Version 

DATED MAY 22, 2019 

ISSUER 
 EMERSON ELECTRIC
CO. 
 PAYING AGENT 

ELAVON FINANCIAL SERVICES DAC, UK BRANCH 

TRANSFER AGENT 
 U.S. BANK
NATIONAL ASSOCIATION 
 REGISTRAR 

U.S. BANK NATIONAL ASSOCIATION 
 -
AND - 
 TRUSTEE 
 WELLS
FARGO BANK, NATIONAL ASSOCIATION 
 AGENCY AGREEMENT 

relating to Notes issued pursuant to a registration statement 

including a base prospectus, dated November 20, 2017, 

and a prospectus supplement dated May 15, 2019 

 THIS AGREEMENT is made on May 22, 2019 

BETWEEN: 
  

	 	(1)	 EMERSON ELECTRIC CO., a Missouri corporation (the “Issuer”); 

 

	 	(2)	 ELAVON FINANCIAL SERVICES DAC, UK BRANCH, a designated activity company registered in Ireland with the
Companies Registration Office, registered number 418442, with its registered office at Building 8, Cherrywood Business Park, Loughlinstown, Dublin 18, Ireland, D18 W319 acting through its UK Branch (registered number BR009373) from its offices at
125 Old Broad Street, Fifth Floor, London EC2N 1AR under the trade name U.S. Bank Global Corporate Trust Services, as Paying Agent (the “Paying Agent” which expression shall include any successor paying agent appointed in accordance
with this Agreement); 

  

	 	(3)	 U.S. BANK NATIONAL ASSOCIATION, a national banking association chartered under the federal laws of the United
States of America with an office at 100 Wall Street, New York, New York 10005, as Transfer Agent (the “Transfer Agent” which expression shall include any successor transfer agent appointed in accordance with this Agreement);

  

	 	(4)	 U.S. BANK NATIONAL ASSOCIATION, a national banking association chartered under the federal laws of the United
States of America with an office at 100 Wall Street, New York, New York 10005, as Registrar (the “Registrar” which expression shall include any successor registrar appointed in accordance with this Agreement); and

  

	 	(5)	 WELLS FARGO BANK, NATIONAL ASSOCIATION, a national banking association chartered under the federal laws of the
United States of America with its corporate trust office for purposes of the Indenture at 150 East 42nd Street, 40th Floor, New York, New York
10017, Attention: Corporate Trust Services, as Trustee (the “Trustee”). 

 WHEREAS: 

 

	 	(A)	 The Issuer has agreed to issue €500,000,000 aggregate principal amount of its 0.375% notes due 2024 (the
“Notes”). 

  

	 	(B)	 The Notes are to be constituted by an Indenture, dated as of December 10, 1998, by and among the Issuer,
as issuer, and the Trustee, as successor to The Bank of New York Mellon Trust Company, N.A. (successor to The Bank of New York Mellon (formerly known as the Bank of New York)), as the trustee (the “Base Indenture”), as supplemented
by the Second Supplemental Indenture, dated as of May 22, 2019, by and among the Issuer and the Trustee (the “Supplemental Indenture” and, together with the Base Indenture, the “Indenture”), as set out in
Appendix 1. 

  

	 	(C)	 The Issuer hereby appoints the Paying Agent, the Transfer Agent and the Registrar in accordance with the terms
of this Agreement and the Indenture, it being understood that the Paying Agent shall act as the “Paying Agent” under the Indenture and the Transfer Agent and Registrar shall act as the “Security Registrar” under the Indenture.

 IT IS AGREED: 
 1.
INTERPRETATION 
 1.1. Unless the context otherwise requires: 

1.2. References in this Agreement to the payment of principal or interest in respect of any Note shall be deemed to include any additional amounts which may
become payable in respect thereof pursuant to the Notes and the Indenture. 

  
 2 

 1.3. All references in this Agreement to an agreement, instrument or other document (including this
Agreement, the Indenture and the Notes) shall be construed as a reference to that agreement, instrument or document as the same may be amended, modified, varied, supplemented or novated from time to time. This Agreement shall be read together with,
and interpreted in light of the provisions of, the Indenture. In the event of any conflict or inconsistency between the Indenture and this Agreement, the Indenture shall prevail. 

1.4. Except as specifically set forth in this Agreement, this Agreement is for the exclusive benefit of the parties to this Agreement and their respective
permitted successors, and shall not be deemed to give, either expressly or implicitly, any legal or equitable right, remedy, or claim to any other entity or person whatsoever. 

2. APPOINTMENT OF THE REGISTRAR 
 2.1. The Issuer hereby
appoints the Registrar, and the Registrar hereby agrees to act at its specified office as registrar in relation to the Notes in accordance with the provisions of this Agreement and the Indenture and upon the terms and subject to the conditions
contained in this Agreement and the Indenture. 
 2.2. On the date of this Agreement, the Registrar shall provide to the Paying Agent a complete and correct
copy of the register maintained by the Registrar in respect of the holders of Notes and the outstanding principal amount of Notes held by each holder of Notes. 

2.3. The Registrar shall from time to time provide to the Paying Agent a complete and correct copy of the register of Notes maintained by it as soon as
reasonably practicable following any transfer or exchange of any Notes, and promptly on request therefor by the Paying Agent. 
 2.4. The Paying Agent shall
be entitled to treat as conclusive the most recent copy of the register provided to it by the Registrar in accordance with this Agreement. 
 3.
APPOINTMENT OF THE TRANSFER AGENT 
 3.1. The Transfer Agent is hereby appointed as the agent of the Issuer, to act as Transfer Agent for the purposes
specified in this Agreement, the Indenture and the Notes, including, inter alia, completing, authenticating, holding and delivering Notes, upon the terms and subject to the conditions specified herein, in the Indenture and in the Notes, and the
Transfer Agent hereby accepts such appointment. In such capacity, the Trustee has appointed pursuant to the Supplemental Indenture and authorized the Paying Agent, and the Paying Agent hereby accepts such appointment, to serve as the Authenticating
Agent (as defined in the Indenture) for the Notes. 
 4. APPOINTMENT OF PAYING AGENT 

4.1. The Issuer hereby appoints the Paying Agent, and the Paying Agent hereby agrees, to act at its specified office as paying agent in relation to the Notes
in accordance with the provisions of this Agreement and the Indenture and upon the terms and subject to the conditions contained in this Agreement and the Indenture. 

4.2. The Paying Agent is appointed hereunder for the purposes of: 

(a) paying sums due on the Notes referred to in Section 2.07 of the Supplemental Indenture; and 

(b) otherwise fulfilling its duties and obligations as set out in this Agreement and the Indenture. 

5. PAYMENT 
 Subject always to the Indenture and, in
particular, any restrictions on the Issuer following delivery of a notice of an Event of Default (as defined in the Base Indenture) of the Issuer: 
 (a)
The Issuer shall, not later than 10:00 am (London time) on the Business Day on which any payment in respect of the Notes becomes due, pay to such account of the Paying Agent as the Paying Agent and shall specify in Euros in immediately available
funds on each due date for the payment of principal and/or interest and/or other amounts referred to in Section 2.07 of the Supplemental Indenture in respect of the Notes, an amount sufficient (together with

  
 3 

 
any funds then held by the Paying Agent and available for the purpose) to pay all principal and interest and/or other amounts referred to in Section 2.07 of the Supplemental Indenture due in
respect of the Notes on such date; provided that if any such date is not a Business Day such payment shall be made on the next succeeding date which is a Business Day. As used in this Agreement, “Business Day” shall have the meaning as set
forth in the Supplemental Indenture. 
 (b) The Issuer hereby authorises and directs the Paying Agent from funds so paid to the Paying Agent to make payment
of all amounts due on the Notes in accordance with the terms of the Notes, the Indenture and the provisions of this Agreement. If any payment provided for in clause 5(a) of this Agreement is after the date specified therein but otherwise in
accordance with the provisions of this Agreement, the Paying Agent shall nevertheless make payments in respect of the Notes as aforesaid following receipt by the Paying Agent of such payment. 

(c) If the Paying Agent has not, on the date on which any payment is due to be made to the Paying Agent pursuant to clause 5(a) of this Agreement, received
the full amount payable in respect thereof on such date but receives such full amount later, together with accrued interest (if any) in accordance with the Indenture, it shall forthwith so notify the Issuer and the Trustee. Unless and until the full
amount of any such principal or interest payment has been made to it, the Paying Agent will not be bound to make such payments. 
 (d) Without prejudice to
clause 5(b) of this Agreement, if the Paying Agent pays out on or after the due date therefor (other than as a result of its own negligence or wilful misconduct or that of its directors, officers, employees or agents) to persons entitled thereto, or
becomes liable to pay out, any amounts on the assumption (which is not negated by reasonable evidence to the contrary) that the corresponding payment by the Issuer has been or will be made, the Issuer shall on demand reimburse the Paying Agent for
the relevant amount, and pay interest to the Paying Agent on such amount from (and including) the date on which it is paid out to (but excluding) the date of reimbursement at the rate per annum equal to the cost to the Paying Agent of funding the
amount paid out, as certified by the Paying Agent and expressed as a rate per annum. 
 (e) Payment of only part of the amount payable in respect of a Note
may only be made at the discretion of the relevant Noteholder(s) (except as the result of a withholding or deduction for or on account of any taxes permitted by the Indenture). If at any time the Paying Agent makes a partial payment in respect of
any Note presented to it, it shall inform the Registrar of the same such that the Registrar may record the same on the register of Notes. 
 6. REPAYMENT

 Any sums paid by, or by arrangement with, the Issuer to the Paying Agent pursuant to the terms of this Agreement shall not be required to be repaid to
the Issuer unless and until the Notes in respect of which such sums were paid shall have been purchased or redeemed by the Issuer or any other subsidiary of the Issuer and cancelled, but in any of these events the Paying Agent shall (provided that
all other amounts due under this Agreement shall have been duly paid) upon written request by the Issuer forthwith repay to the Issuer sums equivalent to the amounts which would otherwise have been payable on the relevant Notes together with any
fees previously paid to the Paying Agent in respect of such Notes. Notwithstanding the foregoing, the Paying Agent shall not be obliged to make any repayment to the Issuer so long as any amounts which under this Agreement should have been paid to or
to the order of the Paying Agent by the Issuer shall remain unpaid. The Paying Agent shall not, however, be otherwise required or entitled to repay any sums properly received by it under this Agreement. 

7. REDEMPTION; NOTICE OF WITHHOLDING OR DEDUCTION 
 7.1.
The Issuer shall provide to the Paying Agent a copy of all notices of redemption delivered under the Indenture in respect of the Notes that it serves on the holders of the Notes including, without limitation, details of the date(s) on which such
redemptions in respect of the Notes are to be made, all amounts required to be paid by the Issuer in respect thereof in accordance with the Indenture and the manner in which such redemption will be effected. 

  
 4 

 7.2. If (i) the Issuer, in respect of any payment, or (ii) the Paying Agent, in respect of any
payment of principal of or any premium or interest on the Notes, is required to withhold or deduct any amount for or on account of tax: 
 (a) the Issuer
shall give notice thereof to the Paying Agent and the Trustee as soon as it becomes aware of such requirement and shall give to the Paying Agent such information as the Paying Agent requires to enable it to make such deduction or withholding; and

 (b) except where such requirement arises as a result of redemption of the Notes in accordance with the Indenture or by virtue of the relevant holder
failing to satisfy any certification or other requirement in respect of its Notes, the Paying Agent shall give notice thereof to the Issuer and the Trustee as soon as it becomes aware of the requirement to withhold or deduct. 

8. RECORDS 
 The Paying Agent shall: 

(a) keep a full and complete record of all payments made by it in respect of the Notes; and 

(b) make such records available at all reasonable times to the Issuer and any persons authorised by it, and the Trustee for inspection and for the taking of
copies thereof. 
 9. FEES AND EXPENSES 
 9.1. The
Issuer will pay to the Paying Agent, Transfer Agent and Registrar such fees and expenses in respect of the Paying Agent, Transfer Agent and Registrar’s services under this Agreement as set forth in the fee letter dated May 10, 2019, from
U.S. Bank Global Corporate Trust Services to the Issuer. 
 9.2. The Issuer will also pay on demand, against presentation of such invoices and receipts as
it may reasonably require, all documented out-of-pocket expenses (including necessary advertising, facsimile and telex transmission, postage and insurance expenses and,
subject to prior approval by the Issuer as set forth below, the fees and expenses of legal advisers) properly incurred by the Paying Agent, Transfer Agent and Registrar in connection with the services under this Agreement, together with any
applicable value added tax or similar tax properly chargeable thereon. Payment by the Issuer to the Paying Agent, Transfer Agent and Registrar of such documented
out-of-pocket expenses shall be a good discharge of the obligations of the Issuer in respect thereof. Where the advice of legal counsel is sought by the Paying Agent,
Transfer Agent or Registrar, the fees of any such counsel shall be agreed to by the Issuer (acting reasonably) in advance. 
 10. INDEMNITY 

10.1. The Issuer undertakes to indemnify and hold harmless, the Paying Agent, Transfer Agent, Registrar and each of its respective directors, officers,
employees or agents (each an “Indemnified Party”) on demand by such Indemnified Party against any losses, liabilities, costs, fees, expenses, claims, actions, damages or demands (including, but not limited to, all reasonable costs,
charges and expenses paid or incurred in disputing or defending the foregoing and the properly incurred fees and expenses of legal advisers) which such Indemnified Party may incur or which may be made against it, as a result of or in connection with
the appointment or the exercise of or performance of its powers and duties under this Agreement, except such as may result from its own gross negligence, wilful misconduct or fraud or that of its directors, officers, employees or agents. 

10.2. The indemnity contained in clause 10.1 above shall survive the termination and expiry of this Agreement. 

11. CONDITIONS OF APPOINTMENT 
 11.1. The Paying Agent
shall (a) hold all sums received by it in accordance with this Agreement and the Indenture for the payment of principal of or any premium or interest on the Notes (whether such sums have been paid to it by the Issuer or by any other obligor on
the Notes) for the benefit of the holders of the Notes or of the Trustee until such sums shall be paid to such persons or otherwise disposed of as provided in this Agreement and the Indenture; (b) give the Trustee notice of any default by the
Issuer (or any other obligor upon the Notes) in the making of any payment of principal of or premium or interest on the Notes when the same shall be due and payable; and (c) at any time during the continuance of any such default, upon the
written request of the Trustee, forthwith pay to the Trustee all sums held by the Paying Agent in trust for payment in respect of the Notes. 

  
 5 

 11.2. No monies held by the Paying Agent need be segregated except as required by law. 

11.3. In acting under this Agreement and in connection with the Notes, the Paying Agent, Transfer Agent and Registrar shall act solely as agent of the Issuer
and, save solely in respect of its obligations under clause 11.1 hereof, shall not have any obligations towards or relationship of agency or trust with any of the holders of the Notes or the Trustee. 

11.4. The Paying Agent, Transfer Agent and Registrar shall be obliged to perform such duties and only such duties as are specifically set out in this
Agreement. No implied duties or obligations shall be read into such document. The Paying Agent, Transfer Agent and Registrar shall not be obliged to perform any duties additional to or different from such duties resulting from any modification or
supplement after the date hereof to any relevant documents (including, without limitation, the Indenture), unless it shall have previously agreed to perform such duties. The Paying Agent, Transfer Agent and Registrar shall not be under any
obligation to take any action hereunder which any party expects, and has thus notified the Issuer in writing, will result in any expense or liability of such Paying Agent, Transfer Agent or Registrar, the payment of which within a reasonable time is
not, in its opinion, assured to it. 
 11.5. Except as ordered by a court of competent jurisdiction or as required by law, the Paying Agent shall be
entitled to treat the holder of any Note (as evidenced by the register of Notes maintained by the Registrar) as the absolute owner thereof for all purposes (whether or not it is overdue and notwithstanding any notice to the contrary or any notice of
ownership, trust or any interest in it, any writing on it, or its theft or loss) and shall not be required to obtain any proof thereof or as to the identity of the bearer or holder. 

11.6. The Paying Agent, Transfer Agent and Registrar may consult with any legal or other professional advisers (who may be an employee of or legal adviser to
the Issuer) selected by it, at the cost of the Issuer, provided that the fees of any such counsel shall be agreed to by the Issuer (acting reasonably) in advance, and the opinion of such advisers shall be full and complete protection in respect of
any action taken, omitted or suffered hereunder in accordance with the written opinion of such advisers. 
 11.7. The Paying Agent, Transfer Agent and
Registrar shall be protected and shall incur no liability for or in respect of any action taken, suffered or omitted by it in reliance upon any instruction, request or order from the Issuer or upon any Note, notice, resolution, direction, consent,
certificate, affidavit, statement, telex, facsimile transmission or other document or information from any electronic or other source reasonably believed by it to be genuine and to have been signed or otherwise given or disseminated by the proper
party or parties, even if it is subsequently found not to be genuine or to be incorrect. 
 11.8. The Paying Agent, Transfer Agent and Registrar, whether
acting for itself or in any other capacity, will not be precluded from becoming the owner of, or acquiring any interest in, holding or disposing of any Note or any shares or other securities of the Issuer or any of its subsidiaries, holding or
associated companies (each a “Connected Company”), with the same rights as it would have had if it were not acting as Paying Agent or from entering into or being interested in any contracts or transactions with any Connected Company
or from acting on, or as depositary, trustee or agent for, any committee or body of holders of any securities of any Connected Company and will not be liable to account for any profit. 

11.9. The Paying Agent shall not be required to make any payments to any holder of a Note if under any laws or regulations affecting the Paying Agent, such
payment is not permitted. In the event of any such laws or regulations affecting the Paying Agent coming to the attention of the Paying Agent it shall forthwith notify the Issuer and the Trustee. 

11.10. The Issuer shall use its reasonable best efforts to do or cause to be done all such acts, matters and things and shall make available all such
documents as shall be necessary or desirable to enable the Paying Agent, Transfer Agent and Registrar to fully comply with and carry out its respective duties and obligations hereunder. 

  
 6 

 11.11. In no event shall the Paying Agent, Transfer Agent or Registrar or any of its affiliates or any of
their respective officers, directors, employees, agents, advisors or representatives (collectively, “Agent Parties”) have any liability for damages of any kind, including, without limitation, direct or indirect, special, incidental
or consequential damages, losses or expenses (whether in tort, contract or otherwise), except to the extent the liability of the Paying Agent, Transfer Agent or Registrar is found in a final non-appealable
judgment by a court of competent jurisdiction to have resulted primarily from the gross negligence, wilful misconduct or fraud of the Paying Agent, Transfer Agent or Registrar or their Agent Parties. 

11.12. Notwithstanding anything contained in this Agreement to the contrary, the Paying Agent, Transfer Agent and the Registrar shall not incur any liability
for not performing any act or fulfilling any obligation hereunder by reason of any occurrence beyond its control including, without limitation, (i) any governmental activity (whether de jure or de facto), act of authority (whether lawful or
unlawful), compliance with any governmental or regulatory order, rule, regulation or direction, curfew restriction, expropriation, compulsory acquisition, seizure, requisition, nationalisation or the imposition of currency or currency control
restrictions; (ii) any failure of or the effect of rules or operations of any funds transfer, settlement or clearing system, interruption, loss or malfunction of utilities, communications or computer services or the payment or repayment of any
cash or sums arising from the application of any law or regulation in effect now or in the future, or from the occurrence of any event in the country in which such cash is held which may affect, limit, prohibit or prevent the transferability,
convertibility, availability, payment or repayment of any cash or sums until such time as such law, regulation or event shall no longer affect, limit, prohibit or prevent such transferability, convertibility, availability, payment or repayment (and
in no event, other than as provided in the Notes, shall the Paying Agent be obliged to substitute another currency for a currency whose transferability, convertibility or availability has been affected, limited, prohibited or prevented by such law,
regulation or event or be obliged to pay any penalty interest); (iii) any strike or work stoppage, go slow, occupation of premises, other industrial action or dispute or any breach of contract by any essential personnel; (iv) any equipment or
transmission failure or failure of applicable banking or financial systems; (v) any war, armed conflict including but not limited to hostile attack, hostilities, or acts of a foreign enemy; (vi) any riot, insurrection, civil commotion or
disorder, mob violence or act of civil disobedience; (vii) any act of terrorism or sabotage; (viii) any explosion, fire, destruction of machines, equipment or any kind of installation, prolonged breakdown of transport, radioactive
contamination, nuclear fusion or fission or electric current; (ix) any epidemic, natural disaster (such as but not limited to violent storm, hurricane, blizzard, earthquake, landslide, tidal wave, flood, damage or destruction by lightning, or
drought); or (x) any other act of God; it being understood that the Paying Agent, Transfer Agent and the Registrar shall use reasonable efforts to resume performance as soon as practicable under the circumstances. 

11.13. Pursuant to and in accordance with the procedures set forth in Section 10.3 and 10.4 of the Base Indenture (i) in connection with the
satisfaction and discharge of the Indenture with respect to the Notes, all moneys then held by the Paying Agent under the provisions of the Indenture with respect to the Notes shall, upon demand of the Issuer, be repaid to it or paid to the Trustee
and thereupon the Paying Agent shall be released from all further liability with respect to such moneys and (ii) any moneys deposited with or paid to the Paying Agent for the payment of the principal of or interest on the Notes and not applied
but remaining unclaimed for three years after the date upon which such principal of or any premium or interest shall have become due and payable, shall, upon the written request of the Issuer and unless otherwise required by mandatory provision of
applicable escheat or abandoned or unclaimed property law, be repaid to the Issuer and the Holder of the Note shall, unless otherwise required by mandatory provisions of applicable escheat or abandoned or unclaimed property laws, thereafter look
only to the Issuer for any payment which such Holder may be entitled to collect, and all liability of the Paying Agent with respect to such monies shall thereupon cease. 

12. CHANGES IN PAYING AGENT OR REGISTRAR AND SPECIFIED OFFICES 

12.1. The Issuer may at any time terminate the appointment of the Paying Agent, Transfer Agent or the Registrar and appoint additional or other paying agents,
transfer agents or registrars. Any termination shall be made by giving to the Paying Agent, Transfer Agent or Registrar and (if different) to the paying agent, transfer agent or registrar whose appointment is to be terminated not less than 30
days’ written notice to that effect, which notice shall expire not less than 30 days before or after any due date for any payment in respect of Notes. 

  
 7 

 12.2. Subject to clause 12.1 and 12.3 of this Agreement, the Paying Agent, Transfer Agent or Registrar may
resign its appointment hereunder at any time by giving to the Issuer not less than 90 days’ written notice to that effect, which notice shall expire not less than 45 days before or after any due date for any payments in respect of any Notes.

 12.3. Notwithstanding clauses 12.1 and 12.2 of this Agreement, no such termination of the appointment of, or resignation by, the Paying Agent, Transfer
Agent or Registrar shall take effect until a successor has been appointed on terms approved by the Issuer or the Issuer has otherwise approved such resignation without a successor being appointed. 

12.4. Notwithstanding any other provisions of clause 12.1 of this Agreement, the appointment of the Paying Agent, Transfer Agent or Registrar shall forthwith
terminate if at any time such Paying Agent, Transfer Agent or Registrar becomes incapable of acting, or is adjudged bankrupt or insolvent, or files a voluntary petition in bankruptcy or makes an assignment for the benefit of its creditors or
consents to the appointment of a receiver, administrator or other similar official of it or of all or any substantial part of its property or admits in writing its inability to pay or meet its debts as they mature or suspends payment thereof, or if
a resolution is passed or an order made for its winding up or dissolution, or if a receiver, administrator or other similar official of it or of all or any substantial part of its property is appointed, or if any order of any court is entered
approving any petition filed by or against it under the provisions of any applicable bankruptcy or insolvency law, or if any public officer takes charge or control of such Paying Agent, Transfer Agent or Registrar or its property or affairs for the
purpose of rehabilitation, conservation, administration or liquidation or there occurs any analogous event under any applicable law. 
 12.5. On the date on
which any such termination or resignation takes effect, the Paying Agent, Transfer Agent or Registrar shall (i) pay to or to the order of its successor (or, if none, the Issuer) any amounts held by it in respect of the Notes; and
(ii) deliver to its successor (or, if none, the Issuer), or as it may direct, all records maintained by it, pursuant hereto. Following such termination or resignation and pending such payment and delivery, the Paying Agent, Transfer Agent or
Registrar shall hold such amounts, records and documents in trust for and subject to the order of its successor or, as the case may be, the Issuer. 
 12.6.
Any corporation into which any Paying Agent, Transfer Agent or Registrar may be merged or converted or any corporation with which such Paying Agent, Transfer Agent or Registrar may be consolidated or any corporation resulting from any merger,
conversion or consolidation to which such Paying Agent, Transfer Agent or Registrar shall be a party, or any corporation, including affiliated corporations, to which the Paying Agent, Transfer Agent or Registrar shall sell or otherwise transfer:
(a) all or substantially all of its assets or (b) all or substantially all of its corporate trust business shall, on the date when the merger, conversion, consolidation or transfer becomes effective and to the extent permitted by any
applicable laws, be the successor Paying Agent, Transfer Agent or Registrar under this Agreement without any further formality, and after such effective date all references in this Agreement to such Paying Agent, Transfer Agent or Registrar shall be
deemed to be references to such corporation. Prior notice of any such merger, conversion, consolidation or transfer shall forthwith be given by the Paying Agent, Transfer Agent or Registrar to the Issuer and the Trustee. 

12.7. The Paying Agent, Transfer Agent or Registrar may change its specified office to an office in London at any time by giving to the Issuer and the Trustee
not less than 60 days’ prior written notice to that effect, which notice shall expire not less than 30 days before or after any due date for any payments in respect of any Notes, and which notice shall specify the address of the new specified
office and the date upon which such change is to take effect. 
 13. NOTICES 

13.1. If the Issuer arranges publication of any notice to the holders of the Notes, it shall at or before the time of such publication, send copies of each
notice so published to the Paying Agent (with a copy to the Trustee). The Paying Agent shall promptly forward any notices that it receives at the request of the Issuer to Euroclear and Clearstream. 

13.2. The Paying Agent, Transfer Agent and Registrar shall promptly forward any written notice received by it from any holders of the Notes to the Issuer and
the Trustee. 

  
 8 

 13.3. On behalf of, and at the request and expense of the Issuer, the Paying Agent shall cause to be
published all notices required to be given by the Issuer under the Indenture. 
 14. COMMUNICATIONS 

14.1. For the purposes of this clause, the address of each party at the date of this Agreement shall be the address set out below, and each party may hereafter
update its address by providing written notice thereof to each other party in accordance with this Section 14 (including, where applicable, the details of the facsimile number, the person for whose attention the notice or communication is to be
addressed and the email address): 
 the Issuer: 
  

			
	 Emerson Electric Co.
 Attn: Treasurer

8000 West Florissant Avenue
 St. Louis Missouri 63136

As may be amended from time to time in accordance with this Agreement.
	 	 Fax: 314-553-2463

Attention: Treasurer
 Email:
treasuryoperations@emerson.com

 the Paying Agent: 
  

			
	 Elavon Financial Services DAC, UK Branch
 125
Old Broad Street,
 Fifth Floor
 London

EC2N 1AR
 United Kingdom

As may be amended from time to time in accordance with this Agreement.
	 	 Fax: +44 (0)207 365 2577
 Attention: MBS
Relationship Management
 Email: mbs.relationship.management@usbank.com

 the Transfer Agent: 
  

			
	U.S. Bank National Association	 	
	 125 Old Broad Street,
 Fifth Floor

London
 EC2N 1AR

United Kingdom
 As may be amended from time to time in accordance
with this Agreement.
	 	 Fax: + 44 (0)207 365 2577
 Attention: MBS
Relationship Management
 Email: mbs.relationship.management@usbank.com

  
 9 

 the Registrar: 
  

			
	 U.S. Bank National Association
	 	
	 125 Old Broad Street,
 Fifth Floor

London
 EC2N 1AR

United Kingdom
 As may be amended from time to time in accordance
with this Agreement.
	 	 Fax: + 44 (0)207 365 2577
 Attention: MBS
Relationship Management
 Email: mbs.relationship.management@usbank.com

 the Trustee: 
  

			
	 Wells Fargo Bank, National Association
	 	
	 150 East 42nd Street, 40th Floor
 New York, New
York 10017
 Attention: Corporate Trust Services
 As may be
amended from time to time in accordance with the Indenture and notified by the Issuer to the Paying Agent.
	 	 Fax: 917-260-1594

Email: Alexander.Pabon@wellsfargo.com

 15. AMENDMENTS 
 15.1. For
the avoidance of doubt, this Agreement may be amended in writing by the parties hereto. 
 15.2. The Issuer shall provide to the Paying Agent a copy of any
amendment to the Indenture applicable to the Notes as soon as reasonably practicable following such amendment taking effect. Where reference is made in this Agreement to the Indenture, such reference shall, for the purposes of the Paying
Agent’s rights and obligations under this Agreement only, be deemed to refer to the most recent version of such document provided to the Paying Agent by the Issuer. 

16. TAXES 
 The Issuer agrees to pay any and all stamp and
other documentary taxes or duties which may be payable in connection with the execution, delivery, performance and enforcement of this Agreement. 
 17.
REGULATORY MATTERS 
 17.1. The Paying Agent is authorised and regulated by the Central Bank of Ireland (“CBOI”) and its
activities in the UK are subject to limited regulation by the UK Prudential Regulation Authority (“PRA”) and the UK Financial Conduct Authority (“FCA”). 

17.2. In connection with the worldwide effort against the funding of terrorism and money laundering activities, the Paying Agent, Transfer Agent and Registrar
may be required under various national laws and regulations to which they are subject to obtain, verify and record information that identifies each person who opens an account with it. For a non-individual
person such as a business entity, a charity, a trust or other legal entity, the Paying Agent, Transfer Agent and Registrar shall be entitled to ask for documentation to verify such entity’s formation and legal existence as well as financial
statements, licenses, identification and authorisation documents from individuals claiming authority to represent the entity or other relevant documentation. 

17.3. The parties to this Agreement acknowledge and agree that the obligations of the Paying Agent, Transfer Agent and Registrar under this Agreement are
limited by and subject to compliance by them with European Union and US Federal anti-money laundering statutes and regulations. If the Paying Agent, Transfer Agent and Registrar or any of their directors know or suspect that a payment is the
proceeds of criminal conduct, and such person is required to report such information pursuant to the applicable authorities, such report shall not be treated as a breach by such 

  
 10 

 
person of any confidentiality covenant or other restriction imposed on such person under this Agreement, by law or otherwise on the disclosure of information. The Paying Agent, Transfer Agent and
Registrar shall be indemnified and held harmless by the Issuer from and against all losses suffered by them that may arise as a result of the agents being prevented from fulfilling their obligations hereunder due to the extent doing so would not be
consistent with applicable statutory anti-money laundering requirements. 
 17.4. Notwithstanding anything to the contrary in this Agreement or in any other
agreement, arrangement or understanding among any such parties, each party hereto acknowledges that any liability of any party arising under this Agreement or any such other document to which this Agreement relates, to the extent such liability is
unsecured or not otherwise exempted, may be subject to the Write-down and Conversion Powers of a Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by: 

(a) the application of any Write-Down and Conversion Powers by a Resolution Authority to any such liabilities arising hereunder which may be payable to it by
any party hereto; and 
 (b) the effects of any Bail-in Action on any such liability, including any of the
following, or some combination thereof, if applicable: 
 1. a reduction in full or in part or cancellation of any such liability; 

2. a conversion of all, or a portion of, such liability into shares or other instruments of ownership in such party, its parent undertaking, or a bridge
institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it in lieu of any rights with respect to any such liability under this Agreement or any other agreement; or

 3. the variation of the terms of such liability in connection with the exercise of the Write-down and Conversion Powers of any Resolution Authority. 

For the purpose of this sub-clause 17.4 the following terms shall have the following meanings: 

“Article 55 BRRD” means Article 55 of Directive 2019/59/EU establishing a framework for the recovery and resolution of credit institutions and
investment firms. 
 “Bail-In Action” means the exercise of any Write-Down and Conversion Powers by
the applicable Resolution Authority. 
 “Bail-In Legislation” means, with respect to any EEA Member
Country implementing Article 55 BRRD, the relevant implementing law, regulation or requirement for such EEA Member Country from time to time which is described in the EU Bail-In Legislation Schedule and in
relation to any other state, any analogous law or regulation from time to time which requires contractual recognition of any Write-down and Conversion Powers contained in that law or regulation. 

“EEA Member Country” means any of the member states of the European Union, Iceland, Liechtenstein, and Norway. 

“EU Bail-In Legislation Schedule” means the EU Bail-In
Legislation Schedule published by the Loan Market Association (or any successor person), as in effect from time to time. 
 “Resolution
Authority” means any public administrative authority or any person entrusted with public administrative authority to exercise any Write-down and Conversion Powers. 

“Write-Down and Conversion Powers” means, 
 (a)
in relation to any Bail-In Legislation described in the EU Bail-In Legislation Schedule from time to time, the powers described as such in relation to that Bail-In Legislation in the EU Bail-In Legislation Schedule; and 

  
 11 

 (b) any powers under the Bail-In Legislation to cancel, transfer or
dilute shares issued by a person that is a bank or investment firm or other financial institution or affiliate of a bank, investment firm or other financial institution, to cancel, reduce, modify or change the form of a liability of such a person or
any contract or instrument under which that liability arises, to convert all or part of that liability into shares, securities or obligations of that person or any other person, to provide that any such contract or instrument is to have effect as if
a right had been exercised under it or to suspend any obligation in respect of that liability or any of the powers under that Bail-In Legislation that are related to or ancillary to any of those powers; and
any similar or analogous powers under that Bail-In Legislation. 
 18. GOVERNING LAW AND JURISDICTION 

18.1. This Agreement shall be construed and enforced in accordance with, and the rights of the parties shall be governed by, the law of the State of New York.

 18.2. Each of the Paying Agent, the Transfer Agent, the Registrar and the Issuer irrevocably submits to the
non-exclusive jurisdiction of any New York State or federal court sitting in the Borough of Manhattan, The City of New York, over any suit, action or proceeding arising out of or relating to this Agreement. To
the fullest extent permitted by applicable law, each of the Paying Agent, the Transfer Agent, the Registrar and the Issuer irrevocably waives and agrees not to assert, by way of motion, as a defense or otherwise, any claim that it is not subject to
the jurisdiction of any such court, any objection that it may now or hereafter have to the laying of the venue of any such suit, action or proceeding brought in any such court and any claim that any such suit, action or proceeding brought in any
such court has been brought in an inconvenient forum. 
 18.3. Each of the Paying Agent, the Transfer Agent, the Registrar and the Issuer agrees, to the
fullest extent permitted by applicable law, that a final judgment in any suit, action or proceeding of the nature referred to in clause 18.2 of this Agreement brought in any such court shall be conclusive and binding upon it subject to rights of
appeal, as the case may be, and may be enforced in the courts of the United States of America or the State of New York (or any other courts to the jurisdiction of which it or any of its assets is or may be subject) by a suit upon such judgment. 

18.4. THE PARTIES HERETO HEREBY WAIVE TRIAL BY JURY IN ANY ACTION BROUGHT ON OR WITH RESPECT TO THIS AGREEMENT. 

19. COUNTERPARTS 
 This Agreement may be executed in any
number of counterparts, each of which when executed and delivered shall be an original, but all of which when taken together shall constitute a single instrument. Signatures of the parties hereto transmitted by facsimile or PDF may be used in lieu
of the originals and shall be deemed to be their original signatures for all purposes. 

  
 12 

 AS WITNESS the hands of the parties or their duly authorised agents have been set hereto as of the
day and year first above written. 
 SIGNATORIES 
  

			
	ISSUER
	
	EMERSON ELECTRIC CO.
		
	By:	 	 /s/ F. J. Dellaquila

	Name:	 	F. J. Dellaquila
	Title:	 	Senior Executive Vice President and 
Chief Financial Officer
		
	By:	 	 /s/ J. H. Thomasson

	Name:	 	J. H. Thomasson
	Title:	 	Vice President and Treasurer

 [Signature Page to Agency Agreement] 

			
	PAYING AGENT
	
	ELAVON FINANCIAL SERVICES DAC, UK BRANCH
		
	By:	 	 /s/ Michael Leong

	Name:	 	Michael Leong 

	Title:	 	Authorized Signatory
		
	By:	 	 /s/ Laurence Griffiths

	Name:	 	Laurence Griffiths 

	Title:	 	Authorized Signatory
	
	TRANSFER AGENT
	
	U.S. BANK NATIONAL ASSOCIATION
		
	By:	 	 /s/ Michael Leong

	Name:	 	Michael Leong 

	Title:	 	Authorized Signatory
		
	By:	 	 /s/ Laurence Griffiths

	Name:	 	Laurence Griffiths 

	Title:	 	Authorized Signatory
	
	REGISTRAR
	
	U.S. BANK NATIONAL ASSOCIATION
		
	By:	 	 /s/ Michael Leong

	Name:	 	Michael Leong 

	Title:	 	Authorized Signatory
		
	By:	 	 /s/ Laurence Griffiths

	Name:	 	Laurence Griffiths 

	Title:	 	Authorized Signatory

 [Signature Page to Agency Agreement] 

			
	TRUSTEE
	
	WELLS FARGO BANK, NATIONAL ASSOCIATION
		
	By:	 	 /s/ Gregory S. Clarke

	Name:	 	Gregory S. Clarke
	Title:	 	Vice President

 [Signature Page to Agency Agreement] 

 Appendix 1 

Indenture 
 [The Base Indenture and the
Supplemental Indenture are included as Exhibits 4.1 and 4.2, respectively, to the Current Report on Form 8-K filed on May 22, 2019, to which this Exhibit 4.3 forms a part.]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00296-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00296-of-00352.parquet"}]]