London, September 13, 2018
Following the previous announcement by CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) of the
launch of a benchmark note issuance denominated in Euro, CNH Industrial N.V. confirms that the
offering will be of Euro 500,000,000 in principal amount of 1.875% notes due January 19, 2026
with an issue price of 98.944% of the principal amount.
The closing of the offering is currently expected on September 19, 2018. The notes will be issued
by CNH Industrial Finance Europe S.A., a wholly-owned subsidiary of CNH Industrial N.V., under
the Euro Medium Term Note Programme guaranteed by CNH Industrial N.V. CNH Industrial
Finance Europe S.A. intends to use the net proceeds from the offering for its general corporate
NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES OR TO U.S. PERSONS
MiFID II professionals/ECPs-only / No PRIIPs KID – Manufacturer target market (MIFID II product
governance) is eligible counterparties and professional clients only (all distribution channels). No
PRIIPs key information document (KID) has been prepared as not available to retail in EEA.
The notes will be offered and sold only outside the United States to institutional investors that are not
“U.S. persons” (as such term is defined in Regulation S under the U.S. Securities Act of 1933, as
amended (the "Securities Act")) and have not been and will not be registered under the Securities Act
or any other securities laws. The notes may not be offered or sold in the United States or to or for the
account or benefit of “U.S. persons” absent registration under the Securities Act or an applicable
exemption from the registration requirements thereof.
This press release shall not constitute an offer to sell or an offer of financial products or securities, nor
shall there be any sale of these notes, in the United States or any state or jurisdiction in which such an
offer or sale would be unlawful. No action has been or will be taken to permit a public offering of the
notes in any jurisdiction.
The offering of the notes has not been cleared by the Commissione Nazionale per le Societá e la
Borsa (CONSOB), pursuant to Italian securities legislation. Accordingly, the notes have not been and
will not be offered, sold or delivered in Italy in a solicitation to the public (sollecitazione
all'investimento), and the notes may only be offered, sold or delivered in Italy in compliance with
applicable laws and regulations.
This press release is directed only (i) to persons who are outside the United Kingdom, (ii) to persons
who have professional experience in matters relating to investments falling within Article 19(5) of the
Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the
“Financial Promotion Order”) or (iii) to high net worth entities falling within Article 49(2)(a) to (d) ("high
net worth companies, unincorporated associations, etc.") of the Financial Promotion Order (all such
persons together being referred to as "Relevant Persons"). This press release must not be acted on or
relied on by persons who are not Relevant Persons. Any investment activity to which this press release
relates is reserved for Relevant Persons only and may only be engaged in by Relevant Persons.
In the Netherlands, this press release is directed only to qualified investors within the meaning of the
Dutch Financial Supervision Act (Wet op het financieel toezicht).
This press release contains forward-looking statements. These statements reflect current beliefs, as
well as assumptions made by, and information available to, the entities referred to in this press
release. Forward-looking statements are not guarantees of future performance and involve risks and
uncertainties. Actual future results and developments could differ materially from those set forth in
these statements due to various factors. These factors include, among others, changes in the general
economic and competitive situation, particularly in the CNH Industrial Group's businesses and
markets. In addition, future results and developments could be affected by the performance of financial
markets, fluctuations in exchange rates and changes in national and supranational law. None of the
companies referenced in this press release undertake any obligation to update forward-looking