Key information for the investor
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- Hilary Harrington
- 5 years ago
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1 This English translation is provided to unitholders for information purposes. Only the French version shall prevail in case of misinterpretation Key information for the investor This document provides essential information to investors in this Subfund. It is not a promotional document. The information that it contains is provided to you in accordance with a legal obligation in order to allow you to understand what an investment in this Fund involves and what risks are associated with it. It is recommended that you read it in order to make an informed decision to invest or not. Subfund "TOTAL INTL A CAPITAL " of the Fund "TOTAL INTL CAPITAL" AMF code: (C) , This employee mutual fund is managed by Amundi Asset Management, an Amundi Group company Non-coordinated employee mutual fund subject to French law Investment objectives and policies Classification by the French Financial Market Authority: Leveraged employee mutual fund The Fund TOTAL INTL CAPITAL has been created in order to subscribe for the capital increase reserved for employees of the international subsidiaries of the group TOTAL. By subscribing to the Subfund TOTAL INTL A CAPITAL + of the Fund TOTAL INTL CAPITAL, you are investing in a formula-based fund created in connection with the capital increase reserved for employees, scheduled for 25 April The objective is for you to benefit (before applicable tax and social deductions), on the maturity date, i.e. 25 April 2018 or in the event of early exit, from: - Your Personal Contribution, increased by the higher of the following two amounts:. the Annual Compound Return, a return of 4% per year passed on the personal contribution (i.e. 21.7% over 5 years).. the Stake in the Protected Average Increase: 12.8 times the Protected Average Increase in the price of the TOTAL share, compared to its reference price. The Protected Average Increase is equal to the difference between the average bimonthly price assessments and the reference price, based on all price assessments being at least equal to the reference price. In order to achieve this, the Fund is invested in TOTAL shares and has entered into a Swap Transaction with Crédit Agricole CIB (CACIB). Financial futures (particularly the Swap Transaction) or temporary acquisitions and transfers of securities can be used to achieve the management objective. For more details about the formula (definition of the Swap Transaction, calculation of the average increase upon maturity or in the event of early exit, etc.), please refer to the fund's regulations. The Fund's net revenues are systematically reinvested. You can redeem your units on a bimonthly basis, according to the terms and conditions set out in the prospectus. The investment period is five years. Benefits of the plan Unitholders are guaranteed to receive, either on maturity or in the event of early exit, their personal contribution. For each unit, unitholders are guaranteed to recover at least, either on maturity or in the event of early exit, the Subscription Price plus the higher of either the Annual Compound Return or the Stake in the Protected Average Increase. At the bimonthly date of assessment, in the event that the price of the TOTAL Share has dropped below the Reference Price, the price of the TOTAL Share taken for this assessment shall be equal to this Reference Price. Thus, the drop in the price of the TOTAL Share below the Reference Price does not negatively impact the Stake in the Protected Average Increase of the TOTAL Share. Disadvantages of the plan Unitholders will not benefit from the economic value of rights to dividends or income attached to the TOTAL Shares and other assets held by the Fund, or from the discount (difference between the Reference Price and the Subscription Price). Unitholders will not benefit fully from any ultimate increase in the price of the TOTAL Share, as the performance due to them depends on the Protected Average Increase in the price of the TOTAL Share observed over the entire period. In the event of termination of the Swap Transaction by the management company, the amount due to unitholders may be less than their personal contribution. All of the benefits listed above are stated as before any applicable taxes and social contributions and provided that the Swap Transaction has not been terminated and/or no adjustment provided for in the Swap Transaction has been applied. Risk and return profile With lower risk, potentially lower return With higher risk potentially higher return Risk level 5 reflects the results of the formula, obtained by taking into account the historical simulations of the share. The historical data used for the calculation of the numerical risk indicator may not be a reliable indication of the future risk profile of the UCITS. The category of risk associated with this fund is not guaranteed and may change over time. The lowest category does not mean that the product is risk-free. The significant risks for the UCITS not taken into account in the indicator are: The use of complex products such as derivatives may amplify the monthly variations in the portfolio's net asset value. The occurrence of one of these risks can have an impact on the net asset value of your portfolio. The Subfund benefits from a guarantee of 100% of capital. The underwriter is CACIB. To benefit from the guarantee on maturity and on any early exit date, you waive all rights to dividends and income attached to the share or other assets held in the Fund, to the discount on the shares acquired by the Fund, to a share in any possible rise in the share price and to any possibility of arbitrage to another Fund. TOTAL INTL A CAPITAL /3
2 Performance scenarios The quantified examples, calculated for one unit, are given for information purposes only in order to illustrate the mechanism of the plan and provide no indication at all regarding the Fund's past, present or future performance. The assumptions considered in these examples are: a reference price for the share of 40 a subscription price of 32 bimonthly assessments below the Reference Price are replaced by the Reference Price. 1. Least favourable case of the bimonthly assessments of the share price are higher than the Reference Price: The unitholder receives on maturity (Average of the bimonthly assessments: 40): - their personal contribution: 32 plus the higher of either: the fixed gain of 21.7% i.e. 32 x 21.7% = 6.9; or 12.8 times the average increase (calculated as the difference between the Average Reference Price and the Reference Price): 12.8 x (40-40) = 0 I.e., a total per unit of 38.9 ( ) corresponding to a performance of 21.7% or an annual return of 4%. In this case, the result of the formula is limited to the guarantee, whatever the movement in the Share of the Personal Contribution and of the annual return of 4%. The unitholder receives, in the event of early exit at 30.5 months (Average of the bimonthly price assessments: 40 ) : - their personal contribution: 32 plus the higher of either: the fixed gain of 10.5% i.e. 32 x 10.5% = 3.4; or 12.8 times the average increase: 12.8 x (40-40) = 0 I.e., a total per unit of 35.4 corresponding to a performance of 10.5% or an annual return of 4%. The average increase is calculated from the Reference Price ( 40) and not the Subscription Price ( 32); thus, the unitholder does not receive any direct benefit from the discount of 20%. However, every price assessment that is lower than the Reference Price is replaced by the Reference Price, which offers the unitholder additional protection. 2. Median case Several assessments carried out are higher than the Reference Price: The unitholder receives on maturity (Average of the bimonthly assessments: 42): - their personal contribution: 32 plus the higher of either: the fixed gain of 21.7% i.e. at maturity 32 x 21.7% = 6.9; or 12.8 times the average increase: 12.8 x (42-40) = 25.6 I.e., a total per unit of 57.6 ( ) corresponding to a performance of 80% or an annual return of 12.47%. The unitholder receives, in the event of early exit at 30.5 months (Average of the bimonthly assessments: 41): - their personal contribution: 32 plus the higher of either: the fixed gain of 10.5% i.e. 32 x 10.5% = 3.4; or 12.8 times the average increase: 12.8 x (41-40) = 12.8 I.e., a total per unit of 44.8 ( ), corresponding to a performance of 40% or an annual return of 14.15%. The average increase is calculated from the Reference Price ( 40) and not the Subscription Price ( 32); thus, the unitholder does not receive any direct benefit from the discount of 20%. However, every price assessment that is lower than the Reference Price is replaced by the Reference Price, which offers the unitholder additional protection. 3. Favourable case Many assessments carried out are higher than the Reference Price: The unitholder receives on maturity (Average of the bimonthly assessments: 45): - their personal contribution: 32 plus the higher of either: the fixed gain of 21.7% i.e. at maturity 32 x 21.7% = 6.9; or 12.8 times the average increase: 12.8 x (45-40) = 64 I.e., a total per unit of 96.0 ( ) corresponding to a performance of 200% or an annual return of 24.57%. The unitholder receives, in the event of early exit at 30.5 months (Average price 42): - their personal contribution: 32 plus the higher of either: the fixed gain of 10.5% i.e. 32 x 10.5% = 3.4; or 12.8 times the average increase: 12.8 x (42-40) = 25.6 I.e., a total per unit of 57.6 ( ), corresponding to a performance of 80% or an annual return of 26.02%. The average increase is calculated from the Reference Price ( 40) and not the Subscription Price ( 32); thus, the unitholder does not receive any direct benefit from the discount of 20%. However, every price assessment that is lower than the Reference Price is replaced by the Reference Price, which offers the unitholder additional protection. TOTAL INTL A CAPITAL /3
3 Fees Fees and commissions paid serve to cover the costs of operation of the UCITS including marketing costs and costs relating to distribution of units. These fees reduce the potential growth of the investment. One-off fees deducted before or after investment Entry fees Exit fees These rates correspond to the maximum percentage that can be deducted from your capital before it is invested (entry) or reimbursed to you (exit). In some cases, the investor could pay less. The investor must obtain from their company and/or the custodian of their units, communication of the rates for entry and exit fees applicable to them. Ongoing fees are based on the figures of the previous year, ending on December, the 31 st This percentage can vary from year to another. It does not include: fees borne by the company, as they are defined in the regulations brokerage fees, with the exception of entry and exit fees paid by the fund upon subscription or redemption of shares from another fund. Fees deducted by the fund over one year Ongoing fees Fees deducted by the fund under certain circumstances Performance commission For more information about the fees associated with this Fund, please refer to the Fees clause in the regulations for the Fund, available at Asset Management-ee.com Past performances Your UCITS has a structured form. The diagram of its performance is not shown. The Subfund was created on 23 October Practical information Name of custodian: CACEIS Bank France. Name of custodian of the units: Amundi Tenue de Comptes Legal form of the UCITS: individualised group Depending on your tax system, any capital gains and revenues related to holding units in the UCITS may be subject to taxation. The fund is not available to residents of the United States/ U.S. Person (the definition can be found on Amundi Asset Management s website: The Supervisory Board is made up of 8 unitholder representatives and 4 company representatives appointed according to the terms and conditions provided for in the fund's regulations. In particular, its function is to examine the fund's management report and annual financial statements and the financial, administrative, and accounting management. It rules on mergers, spin-offs and liquidation operations. For more details, please refer to the regulations of the Fund. The Supervisory Board exercises the voting rights attached to Company securities. The regulations and the last periodical information of the FCPE, so as any other practical information, are available on a free basis from the management company. Net asset value is available on the website Amundi Asset Management can only be held responsible on the basis of statements contained in this document that are misleading, inaccurate, or inconsistent with the corresponding sections of the Fund s regulations This Fund is authorised in France and regulated by the French Financial Market Authority (AMF). The portfolio management company Amundi Asset Management is authorised in France and regulated by the French Financial Market Authority (AMF). The key investor information provided here is accurate and up to date as of December 31th TOTAL INTL A CAPITAL /3
4 Key investor information This document provides essential information to the investors in this Subfund. It is not a marketing material. The information contained in the document is provided to you in accordance with law to help you understand the nature and the risks of investing in this Subfund. You are advised to read it in order to make an informed decision on whether or not to invest in the Subfund. Subfund "TOTAL INTL A CAPITAL " of the Fund TOTAL INTL CAPITAL AMF code: (C) , This fund is managed by Amundi Asset Management, an Amundi Group company; FCPE - Fund subject to French law Investment policy and objectives Classification by the French Financial Market Authority: "Formula-based fund" By subscribing to the Subfund TOTAL INTL A CAPITAL , you are investing in a formula-based fund created in connection with the capital increase reserved for employees, scheduled for April 27 th, The objective is for you to benefit (before applicable tax and social deductions), on the maturity date, i.e. April 27 th 2020 or in the event of early exit, from: - Your Personal Contribution, increased by the higher of the following two amounts:. the Annual Compound Return, a return of 4% per year passed on the personal contribution (i.e. 21.7% over 5 years),. the Stake in the Protected Average Increase: 11.5 times the Protected Average Increase in the price of the TOTAL share, compared to its reference price. The Protected Average Increase is equal to the difference between the average bimonthly price assessments and the reference price, based on all price assessments being at least equal to the reference price. In order to achieve this, the fund is invested in TOTAL shares and has entered into a Swap Transaction with Crédit Agricole CIB (CACIB). Financial futures (particularly the Swap Transaction) or temporary acquisitions and transfers of securities can be used to achieve the management objective. For more details about the formula (definition of the Swap Transaction, calculation of the Protected Average Increase upon maturity or in the event of early exit, etc.), please refer to the regulations of the fund "TOTAL INTL CAPITAL". The income and net capital gains realised are systematically reinvested. You can redeem your units on a bimonthly basis, according to the terms and conditions set out in the regulations of the fund. Recommended minimum investment period: 5 years. Benefits of the plan Unitholders are guaranteed to receive, either on maturity or in the event of early exit, their personal contribution. For each unit, unitholders are guaranteed to recover at least, either on maturity or in the event of early exit, the Subscription Price plus the higher of either the Annual Compound Return or the Stake in the Protected Average Increase. At the bimonthly date of assessment, in the event that the price of the TOTAL Share has dropped below the Reference Price, the price of the TOTAL Share taken for this assessment shall be equal to this Reference Price. Thus, the drop in the price of the TOTAL Share below the Reference Price does not negatively impact the Stake in the Protected Average Increase of the TOTAL Share. Disadvantages of the plan Unitholders will not benefit from the economic value of dividends, rights or income attached to the TOTAL Shares and other assets held by the Fund, or from the discount (difference between the Reference Price and the Subscription Price). Unitholders will not benefit fully from any ultimate increase in the price of the TOTAL Share, as the performance due to them depends on the Protected Average Increase in the price of the TOTAL Share observed over the entire period. In the event of termination of the Swap Transaction by the Asset Management Company, the amount due to unitholders may be less than their personal contribution. All of the benefits listed above are stated as before any applicable taxes and social contributions and provided that the Swap Transaction has not been terminated and/or no adjustment provided for in the Swap Transaction has been applied. Risk and return profile Lower risk Potentially lower return Higher risk Potentially higher return The significant risks not taken into account in the indicator are: The use of complex products such as derivatives may amplify the monthly variations in the portfolio's net asset value The occurrence of one of these risks can have an impact on the net asset value of your portfolio. Risk level 1 is attributed because of the guarantee of a minimum return of 4% per annum. It is little or not at all impacted by the volatility of the TOTAL share. The historical data used for the calculation of the numerical risk indicator may not be a reliable indication of the future risk profile of the fund. The category of risk associated with this Subfund is not guaranteed and may change over time. The lowest category does not mean that the product is risk-free. The Subfund benefits from a guarantee of 100% of capital. The underwriter is CACIB. To benefit from the guarantee on maturity and on any early exit date, you waive all dividends, rights and income attached to the share or other assets held in the Subfund, to the discount on the shares acquired by the Subfund, to a share in any possible rise in the share price and to any possibility of arbitrage to another fund. TOTAL INTL A CAPITAL /3
5 Performance scenarios The quantified examples, calculated for one unit, are given for information purposes only in order to illustrate the mechanism of the plan and provide no indication at all regarding the past, present or future performance of the fund. The assumptions considered in these examples are: - Reference price for the share of [ 50] - Subscription price of [ 40] - Bimonthly price assessments below the Reference Price are replaced by the Reference Price. 1. Least favourable case of the bimonthly price assessments of the share price are higher than the Reference Price: The unitholder receives on maturity (Average of the bimonthly price assessments: 50): the fixed gain of 21.7% i.e. 40 x 21.7% = 8.7; or 11.5 times the average increase (calculated as the difference between the Average Reference Price and the Reference Price): 11.5 x (50-50) = 0 I.e., a total per unit of 48.7 ( ) corresponding to a performance of 21.7% or an annual return of 4%. In this case, the result of the formula is limited to the guarantee, whatever the movement in the Share of the personal contribution and of the annual return of 4%. The unitholder receives, in the event of early exit at 30.5 months (Average of the bimonthly price assessments: 50): - their Personal Contribution: 40 plus the higher of either: the fixed gain of 10.5% i.e. 40 x 10.5% = 4.2; or 11.5 times the average increase: 11.5 x (50-50) = 0 I.e., a total per unit of 44.2 ( ) corresponding to a performance of10.5% or an annual return of 4%. The average increase is calculated from the Reference Price ( 50) and not the Subscription Price ( 40); thus, the unitholder does not receive any direct benefit from the discount of 20%. However, every price assessment that is lower than the Reference Price is replaced by the Reference Price, which offers the unitholder additional protection. 2. Median case Several assessments carried out are higher than the Reference Price: The unitholder receives on maturity (Average of the bimonthly price assessments: 54.4) the fixed gain of 21.7% i.e. at maturity 40 x 21.7% = 8.7; or 11.5 times the average increase: 11.5 x ( ) = 50.6 I.e., a total per unit of 90.6 ( ) corresponding to a performance of 126.5% or an annual return of 17.8%. The unitholder receives, in the event of early exit at 30.5 months (Average of the bimonthly price assessments 51.8): the fixed gain of 10.5% i.e. 40 x 10.5% = 4.2; or 11.5 times the average increase: 11.5 x ( ) = 20.7 I.e., a total per unit of 60.7 ( ) corresponding to a performance of 51.7% or an annual return of 17.8%. The average increase is calculated from the Reference Price ( 50) and not the Subscription Price ( 40); thus, the unitholder does not receive any direct benefit from the discount of 20%. However, every price assessment that is lower than the Reference Price is replaced by the Reference Price, which offers the unitholder additional protection. 3. Favourable case The majority of the assessments carried out are higher than the Reference Price: The unitholder receives on maturity (Average of the bimonthly price assessments: 57.1): the fixed gain of 21.7% i.e. at maturity 40 x 21.7% = 8.7; or 11.5 times the average increase: 11.5 x ( ) = 81.7 I.e., a total per unit of ( ) corresponding to a performance of 204.1% or an annual return of 24.9%. The unitholder receives, in the event of early exit at 30.5 months (Average price 52.9): the fixed gain of 10.5% i.e. 40 x 10.5% = 4.2; or 11.5 times the average increase: 11.5 x ( ) = 33.4 I.e., a total per unit of 73.4 ( ) corresponding to a performance of 83.4% or an annual return of 26.9%. The average increase is calculated from the Reference Price ( 50) and not the Subscription Price ( 40); thus, the unitholder does not receive any direct benefit from the discount of 20%. However, every price assessment that is lower than the Reference Price is replaced by the Reference Price, which offers the unitholder additional protection. TOTAL INTL A CAPITAL /3
6 Fees Fees and commissions charged are used to cover UCITS operating costs, including marketing and unit distribution costs; these fees reduce the potential growth of investments. One-off fees deducted before or after investment Entry fees Exit fees These rates correspond to the maximum percentage that can be deducted from your capital before it is invested (entry) or reimbursed to you (exit). The investor must obtain from their company and/or the custodian of their units the rates for entry and exit fees applicable to them. Fees deducted from the Subfund over one year 0.07%, all taxes included, of the average net Ongoing fees asset Fees deducted by the Subfund under certain circumstances Performance commission For more information about the fees associated to the fund, please refer to the "Fees" clause in the regulations of the fund, available in the website Past performance Ongoing Fees are based on the figures of the previous year, ending on December the 31 st, This percentage can vary from year to another. It does not include: Fees borne by the company, as defined in the regulations. Brokerage fees, with the exception of entry and exit fees paid by the fund upon subscription or redemption of shares from another fund. As the fund has not yet closed its accounts, the percentage of ongoing fees presented here is an estimate. For each financial year, the annual report of the fund will show the exact amount of fees incurred. Your UCITS has a structured form. The diagram of its performance Is not shown. Performance is not constant over time and is not an indicator of future performance. The Subfund was created on July 15 th The reference currency is the euro (EUR). Practical information Custodian s name: CACEIS Bank France. Name of custodian of the units: Amundi Tenue de Comptes Legal form of the fund: individualised group Depending on your tax system, any gains and revenues related to holding the fund's shares may be subject to taxation. The fund is not available to the residents of the United States/ U.S. Person (the definition can be found on Amundi s website: The Supervisory Board is made up of 8 unitholder representatives and 4 company representatives appointed according to the terms and conditions provided for in the fund's regulations. In particular, its function is to examine the Fund's management report and annual financial statements and the financial, administrative, and accounting management. It rules on mergers, spin-offs and liquidation operations. For more details, please refer to the regulations of the fund. The Supervisory Board exercises the voting rights attached to Company securities. The fund's most recent complete prospectus and periodic regulatory information documents as well as all other practical information are available free of charge from the Asset Management Company. Net asset value is available on the website Amundi can only be held responsible on the basis of statements contained in this document that are misleading, inaccurate, or inconsistent with the corresponding sections of the fund's regulations This fund is approved in France and regulated by the French Financial Market Authority (AMF). Amundi Asset Management Company is approved in France and regulated by the French Financial Market Authority (AMF). The key investor information provided here is accurate and up to date as at December 31th TOTAL INTL A CAPITAL /3
7 Key investor information This document provides essential information to the investors in this Subfund. It is not a marketing material. The information contained in the document is provided to you in accordance with law to help you understand the nature and the risks of investing in this Subfund. You are advised to read it in order to make an informed decision on whether or not to invest in the Subfund. Subfund "TOTAL INTL B CAPITAL +2013" of the Fund "TOTAL INTL CAPITAL" AMF codes: (C) , This fund is managed by Amundi Asset Management, an Amundi Group company FCPE - Fund subject to French law Investment policy and objectives Classification by the French Financial Market Authority: "Formula-based fund" By subscribing to the "TOTAL INTL B CAPITAL +2013" Subfund, you are investing in a formula-based Subfund created in the event of capital increase reserved for employees, scheduled for April 25 th The objective is for you to benefit (before applicable tax and social deductions), on the maturity date, i.e. 25 April 2018 or in the event of early exit, from: - Your Personal Contribution, increased by the higher of the following two amounts:. the Annual Compound Return, a return of 4% per year passed (prorated) on the personal contribution (i.e % over 5 years),. the Stake in the Protected Average Increase: 10 times the Protected Average Increase in the price of the TOTAL share, compared to its reference price. The Protected Average Increase is equal to the difference between the average bimonthly price assessments and the reference price, based on all price assessments being at least equal to the reference price. In order to achieve this, the Fund is invested in TOTAL shares and has entered into a Swap Transaction with Crédit Agricole CIB (CACIB). Financial futures (particularly the Swap Transaction) can be used to achieve the management objective. For more details about the formula (definition of the Swap Transaction, calculation of the average increase upon maturity or in the event of early exit, etc.), please refer to the regulations of the fund "TOTAL INTL CAPITAL". The income and net capital gains realised are systematically reinvested. You can redeem your units on a bimonthly basis, according to the terms and conditions set out in the prospectus. The investment period is five years. Benefits of the plan Disadvantages of the plan Unitholders are guaranteed to receive, either on maturity or in the event of early exit, their personal contribution. For each unit, unitholders are guaranteed to recover at least, either on maturity or in the event of early exit, the Subscription Price plus the higher of either the Annual Compound Return or the Stake in the Protected Average Increase. At the bimonthly date of assessment, in the event the price of the TOTAL Share has dropped below the Reference Price, the price of the TOTAL Share taken for this assessment shall be equal to this Reference Price. Thus, the drop in the price of the TOTAL Share below the Reference Price does not negatively impact the Stake in the Protected Average Increase of the TOTAL Share. Unitholders will not directly benefit from the economic value of the dividends, rights or income attached to the TOTAL shares and other assets held by the Subfund, or from the discount (difference between the Reference Price and the Subscription Price). Unitholders will not benefit fully from the ultimate increase in the price of the TOTAL share, as the performance due to them depends on the average increase in the price of the TOTAL share observed over the entire period. In the event of termination of the Swap Transaction by the Asset Management Company, the amount due to unitholders may be less than their personal contribution. All of the benefits listed above are stated as before any applicable taxes and social contributions and provided that the Swap Transaction has not been terminated and/or no adjustment provided for in the Swap Transaction has been applied. Risk and return profile Lower risk Potentially lower return Higher risk Potentially higher return The significant risks for the UCITS not taken into account in the indicator are: The use of complex products such as derivatives may amplify the monthly variations in the portfolio's net asset value The occurrence of one of these risks may have an impact on the net asset value of your portfolio. Risk level 5 reflects the results of the formula, obtained by taking into account the historical simulations of the share. The current risk level does not predict the future risk level and is likely to change over time. The historical data used for the calculation of the numerical risk indicator may not be a reliable indication of the future risk profile of the fund. The lowest category does not mean that the product is risk-free. The Subfund benefits from a guarantee of 100% of capital. The underwriter is CACIB. To benefit from the guarantee on maturity and on any early exit date, you waive all dividends, rights or income attached to the shares or other assets held in the Subfund, to the discount on the shares acquired by the Fund, to a share in possible rise in the share price and to any possibility of arbitrage to another fund. TOTAL INTL B CAPITAL /3
8 Performance scenarios The quantified examples, calculated for one unit, are given for information purposes only in order to illustrate the mechanism of the formula and provide no indication at all regarding the past, present or future performance of the Subfund. The assumptions considered in these examples are: - Reference price for the share of 40 - Subscription price of 32 - Bimonthly price assessments below the Reference Price are replaced by the Reference price. 1. Least favourable case of the monthly assessments of the share price are higher than the Reference Price: The unitholder receives on maturity (Average of the bimonthly price assessments: 40): - the initial investment: 32 plus the higher of either: the fixed gain of 21.7% i.e. 32 x 21.7% = 6.9; or 10 times the average increase (calculated as the difference between the Average Reference Price and the Reference Price): 10 x (40-40) = 0.0 I.e., a total per unit of 38.9 ( ) corresponding to a performance of 21.7% or an annual return of 4%. In this case, the result of the formula is limited to the guarantee, whatever the movement in the Share of the Personal Contribution and of the annual return of 4%. The unitholder receives, in the event of early exit at 30.5 months (Average of the bimonthly price assessments: 40): - the initial investment: 32 plus the higher of either: the fixed gain of 10.5% i.e. 32 x 10.5% = 3.4; or 10 times the average increase: 10 x (40-40) = 0.0 I.e., a total per unit of 38.9 ( ) corresponding to a performance of 10.5% or an annual return of 4%. The average increase is calculated from the Reference Price ( 40) and not the Subscription Price ( 32); thus, the unitholder does not receive any direct benefit from the discount of 20%. However, every price assessment that is lower than the Reference Price is replaced by the Reference Price, which offers the unitholder additional protection. 2. Median case Several assessments carried out are higher than the Reference Price: The unitholder receives on maturity (Average of the bimonthly price assessments: 42) - the initial investment: 32 plus the higher of either: the fixed gain of 21.7% i.e. at maturity 32 x 21.7% = 6.9; or 10 times the average increase: 10 x (42-40) = 20.0 i.e., a total per unit of 52 ( ) corresponding to a performance of 62.5% or an annual return of 10.20%. The unitholder receives, in the event of early exit at 30.5 months (Average of the bimonthly price assessments: 41): - the initial investment: 32 plus the higher of either: the fixed gain of 10.5% i.e. 32 x 10.5% = 3.4; or 10 times the average increase: 10 x (41-40) = 10.0 i.e., a total per unit of 42.0 ( ) corresponding to a performance of 31.25% or an annual return of 11.29%. The average increase is calculated from the Reference Price ( 40) and not the Subscription Price ( 32); thus, the unitholder does not receive any direct benefit from the discount of 20%. However, every price assessment that is lower than the Reference Price is replaced by the Reference Price, which offers the unitholder additional protection. 3. Favourable case Most assessments carried out are higher than the Reference Price: The unitholder receives on maturity (Average of the bimonthly price assessments: 45): - the initial investment: 32 plus the higher of either: the fixed gain of 21.7% i.e. at maturity 32 x 21.7% = 6.9; or 10 times the average increase: 10 x (45-40) = 50.0 i.e., a total per unit of 82.0 ( ) corresponding to a performance of % or an annual return of 20.71%. The unitholder receives, in the event of early exit at 30.5 months (Average of the bimonthly price assessments: 42): - the initial investment: 32 plus the higher of either: the fixed gain of 10.5% i.e. 32 x 10.5% = 3.4; or 10 times the average increase: 10 x (42-40) = 20.0 i.e., a total per unit of 52 ( ) corresponding to a performance of 62.5% or an annual return of 21.05%. The average increase is calculated from the Reference Price ( 40) and not the Subscription Price ( 32); thus, the unitholder does not receive any direct benefit from the discount of 20%. However, every price assessment that is lower than the Reference Price is replaced by the Reference Price, which offers the unitholder additional protection. TOTAL INTL B CAPITAL /3
9 Fees Fees and commissions charged are used to cover the fund's operating costs, including marketing and unit distribution costs, and reduce the potential growth of investments. One-off fees deducted before or after investment Entry fees Exit fees These rates correspond to the maximum percentage that can be deducted from your capital before it is invested (entry) or reimbursed to you (exit). The investor must obtain from their company and/or the custodian of their units, the rates for entry and exit fees applicable to them. Fees deducted by the fund over one year Ongoing fees Fees deducted by the fund under certain circumstances Performance commission For more information about the fees associated to the fund, please refer to the Fees clause in the regulations of the fund, available at Past performance Ongoing fees are based on the figures of the previous year, ending on December 31 st This percentage can vary from one year to another: Fees borne by the company, as defined in the regulations. Brokerage fees, with the exception of entry and exit fees paid by the fund upon subscription or redemption of shares from another fund. Your UCITS has a structured form. The diagram of its performance Is not shown. The Subfund was created on 23 October Practical information Custodian s name: CACEIS Bank France. Name of custodian of the units: Amundi Tenue de Comptes Legal form of the UCITS: individualised group Depending on your tax system, any gains and revenues related to holding the Subfund's securities may be subject to taxation. The fund is not available to residents of the United States/ U.S. Person (the definition can be found on Amundi s website: The Supervisory Board is made up of 8 unitholder representatives and 4 company representatives appointed according to the terms and conditions provided for in the Fund's regulations. In particular, its function is to examine the fund's management report and annual financial statements and the financial, administrative, and accounting management. It rules on mergers, spin-offs and liquidation operations. For more details, please refer to the regulations of the Fund. The Supervisory Board exercises the voting rights attached to Company securities. The fund's most recent complete prospectus and regulatory periodic information documents as well as all other practical information are available free of charge from the Asset Management Company. Net asset value is available on the website Amundi Asset Management can only be held responsible on the basis of statements contained in this document that are misleading, inaccurate, or inconsistent with the corresponding sections of the fund's regulations This Subfund is approved in France and regulated by the French Financial Market Authority (AMF). Amundi Asset Management Company is approved in France and regulated by the French Financial Market Authority (AMF). The key investor information provided here is accurate and up to date as at December 31th TOTAL INTL B CAPITAL /3
10 This English translation is provided to unitholders for information purposes. Only the French version shall prevail in case of misinterpretation Key information for the investor This document provides essential information to investors in this Subfund. It is not a promotional document. The information that it contains is provided to you in accordance with a legal obligation in order to allow you to understand what an investment in this fund involves and what risks are associated with it. It is recommended that you read it in order to make an informed decision to invest or not. Subfund "TOTAL INTL B CAPITAL " of the Fund "TOTAL INTL CAPITAL" AMF code: (C) , This employee mutual fund is managed by Amundi Asset Management, an Amundi Group company Non-coordinated employee mutual fund subject to French law Investment objectives and policies Classification by the French Financial Market Authority: Leveraged employee mutual fund The Fund TOTAL INTL CAPITAL has been created in order to subscribe for the capital increase reserved for employees of the international subsidiaries of the group TOTAL. By subscribing to the Subfund TOTAL INTL B CAPITAL + of the Fund TOTAL INTL CAPITAL, you are investing in a formula-based fund created in connection with the capital increase reserved for employees, scheduled for April 27 th The objective is for you to benefit (before applicable tax and social deductions), on the maturity date, i.e. 27 April 2020 or in the event of early exit, from: - Your Personal Contribution, increased by the higher of the following two amounts:. the Annual Compound Return, a return of 4% per year passed on the personal contribution (i.e. 21.7% over 5 years).. the Stake in the Protected Average Increase: 9 times the Protected Average Increase in the price of the TOTAL share, compared to its reference price. The Protected Average Increase is equal to the difference between the average bimonthly price assessments and the reference price, based on all price assessments being at least equal to the reference price. In order to achieve this, the fund is invested in TOTAL shares and has entered into a Swap Transaction with Crédit Agricole CIB (CACIB). Financial futures (particularly the Swap Transaction) may be used to achieve the management objective. For more details about the formula (definition of the Swap Transaction, calculation of the average increase upon maturity or in the event of early exit, etc.), please refer to the fund's regulations. The fund's net revenues are systematically reinvested. You can redeem your units on a daily basis, according to the terms and conditions set out in the prospectus. The investment period is five years. Benefits of the plan Unitholders are guaranteed to receive, either on maturity or in the event of early exit, their personal contribution. For each unit, unitholders are guaranteed to recover at least, either on maturity or in the event of early exit, the Subscription Price plus the higher of either the Annual Compound Return or the Stake in the Protected Average Increase. At the bimonthly date of assessment, in the event that the price of the TOTAL Share has dropped below the Reference Price, the price of the TOTAL Share taken for this assessment shall be equal to this Reference Price. Thus, the drop in the price of the TOTAL Share below the Reference Price does not negatively impact the Stake in the Protected Average Increase of the TOTAL Share. Disadvantages of the plan Unitholders will not benefit from the economic value of rights to dividends or income attached to the TOTAL Shares and other assets held by the Fund, or from the discount (difference between the Reference Price and the Subscription Price). Unitholders will not benefit fully from any ultimate increase in the price of the TOTAL Share, as the performance due to them depends on the average increase in the price of the TOTAL Share observed over the entire period. In the event of termination of the Swap Transaction by the management company, the amount due to unitholders may be less than their personal contribution. All of the benefits listed above are stated as before any applicable taxes and social contributions and provided that the Swap Transaction has not been terminated and/or no adjustment provided for in the Swap Transaction has been applied. Risk and return profile With lower risk, With higher risk potentially lower return potentially higher return The significant risks for the UCITS not taken into account in the indicator are: The use of complex products such as derivatives may amplify the monthly variations in the portfolio's net asset value. The occurrence of one of these risks can have an impact on the net asset value of your portfolio. Risk level 1 is attributed because of the guarantee of a minimum return of 4% per annum. It is little or not at all impacted by the volatility of the TOTAL share. The current risk level is not an indicator of the future risk level and is liable to change over time. The historical data used for the calculation of the numerical risk indicator may not be a reliable indication of the future risk profile of the UCITS. The lowest category does not mean that the product is risk-free. The Subfund benefits from a guarantee of 100% of capital. The underwriter is CACIB. To benefit from the guarantee on maturity and on any early exit date, you waive all rights to dividends and income attached to the share or other assets held in the Fund, to the discount on the shares acquired by the fund, to a share in any possible rise in the share price and to any possibility of arbitrage to another Fund. TOTAL INTL B CAPITAL +2015
11 Performance scenarios The quantified examples, calculated for one unit, are given for information purposes only in order to illustrate the mechanism of the plan and provide no indication at all regarding the fund's past, present or future performance. The assumptions considered in these examples are: a reference price for the share of 50 a subscription price of 40 bimonthly assessments below the Reference Price are replaced by the Reference Price. 1. Least favourable case of the monthly assessments of the share price are higher than the Reference Price: The unitholder receives on maturity (Average of the bimonthly price assessments: 50): the fixed gain of 21.7% i.e. 40 x 21.7% = 8.7; or 9 times the average increase (calculated as the difference between the Average Reference Price and the Reference Price): 9 x (50-50) = 0 I.e., a total per unit of 48.7 ( ) corresponding to a performance of 21.7% or an annual return of 4%. In this case, the result of the formula is limited to the guarantee, whatever the movement in the Share of the personal contribution and of the annual return of 4%. The unitholder receives, in the event of early exit at 30.5 months (Average of the bimonthly price assessments: 50): - their Personal Contribution: 40 plus the higher of either: the fixed gain of 10.5% i.e. 40 x 10.5% = 4.2; or 9 times the average increase: 9 x (50-50) = 0 I.e., a total per unit of 44.2 ( ) corresponding to a performance of 10.5% or an annual return of 4%. The average increase is calculated from the Reference Price ( 50) and not the Subscription Price ( 40); thus, the unitholder does not receive any direct benefit from the discount of 20%. However, every price assessment that is lower than the Reference Price is replaced by the Reference Price, which offers the unitholder additional protection. 2. Median case Several assessments carried out are higher than the Reference Price: The unitholder receives on maturity (Average of the bimonthly price assessments: 54.4) the fixed gain of 21.7% i.e. at maturity 40 x 21.7% = 8.7; or 9 times the average increase: 9 x ( ) = 39.6 I.e., a total per unit of 79.6 ( ) corresponding to a performance of 99% or an annual return of 14.7%. The unitholder receives, in the event of early exit at 30.5 months (Average of the bimonthly price assessments 51.8): the fixed gain of 10.5% i.e. 40 x 10.5% = 4.2; or 9 times the average increase: 9 x ( ) = 16.2 I.e., a total per unit of 56.2 ( ) corresponding to a performance of 40.5% or an annual return of 14.3%. The average increase is calculated from the Reference Price ( 50) and not the Subscription Price ( 40); thus, the unitholder does not receive any direct benefit from the discount of 20%. However, every price assessment that is lower than the Reference Price is replaced by the Reference Price, which offers the unitholder additional protection. 3. Favourable case The majority of the assessments carried out are higher than the Reference Price: The unitholder receives on maturity (Average of the bimonthly price assessments: 57.1): the fixed gain of 21.7% i.e. at maturity 40 x 21.7% = 8.7; or 9 times the average increase: 9 x ( ) = 63.9 I.e., a total per unit of ( ) corresponding to a performance of 159.8% or an annual return of 21%. The unitholder receives, in the event of early exit at 30.5 months (Average price 52.9): the fixed gain of 10.5% i.e. 40 x 10.5% = 4.2; or 9 times the average increase: 9 x ( ) = 26.1 I.e., a total per unit of 66.1 ( ) corresponding to a performance of 65.3% or an annual return of 21.9%. The average increase is calculated from the Reference Price ( 50) and not the Subscription Price ( 40); thus, the unitholder does not receive any direct benefit from the discount of 20%. However, every price assessment that is lower than the Reference Price is replaced by the Reference Price, which offers the unitholder additional protection. T O TOTAL INTL B CAPITAL
12 Fees Fees and commissions paid serve to cover the costs of operation of the UCITS including marketing costs and costs relating to distribution of units. These fees reduce the potential growth of the investment. One-off fees deducted before or after investment Entry fees Exit fees These rates correspond to the maximum percentage that can be deducted from your capital before it is invested (entry) or reimbursed to you (exit). In some cases, the investor could pay less. The investor must obtain from their company and/or the custodian of their units, communication of the rates for entry and exit fees applicable to them. Fees deducted by the fund over one year Ongoing fees 0.07%, all taxes included, of the average net asset Fees deducted by the fund under certain circumstances Performance commission Ongoing fees are based on the figures of the previous year, ending on December 31 st This percentage can vary from one year to another. It does not include: fees borne by the company, as defined in the regulations. brokerage fees, with the exception of entry and exit fees paid by the fund upon subscription and redemption of shares from another fund. As the UCITS has not yet closed its accounts, the percentage of ongoing fees presented opposite is an estimate. For each financial year, the annual report of the UCITS will show the exact amount of fees incurred. For more information about the fees associated with this Fund, please refer to the Fees clause in the regulations for the Fund, available at Past performances Your UCITS has a structured form. The diagram of its performance is not shown. Performances are not constant over time and are not an indicator of future performances. The fund was created on July 15 th The reference currency is the euro (EUR). Practical information Name of custodian: CACEIS Bank France. Name of custodian of the units: Amundi Tenue de Comptes Legal form of the UCITS: individualised group Depending on your tax system, any capital gains and revenues related to holding units in the UCITS may be subject to taxation. The fund is not available to residents of the United States/ U.S. Person (the definition can be found on Amundi s website: The Supervisory Board is made up of 8 unitholder representatives and 4 company representatives appointed according to the terms and conditions provided for in the Fund's regulations. In particular, its function is to examine the fund's management report and annual financial statements and the financial, administrative, and accounting management. It rules on mergers, spin-offs and liquidation operations. For more details, please refer to the regulations of the Fund. The Supervisory Board exercises the voting rights attached to Company securities. The fund's most recent complete prospectus and periodic regulatory information documents as well as all other practical information are available free of charge from the Asset Management Company. Net asset value is available on the website Amundi can only be held responsible on the basis of statements contained in this document that are misleading, inaccurate, or inconsistent with the corresponding sections of the Fund s regulations This UCITS is authorised in France and regulated by the French Financial Market Authority (AMF). The portfolio management company is authorised in France and regulated by the French Financial Market Authority (AMF) The key investor information provided here is accurate and up to date as at December 31th TOTAL INTL B CAPITAL + T O
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