Credit ratings of Novartis AG

 Moody’s Investors ServiceS&P Global Ratings
Short termP-1A-1+
Long termAa3AA-
OutlookStableStable

Sustainability-linked bond

USD fixed-income securities

IssuerAmount (in millions)CouponMaturity
Novartis Capital Corp.1,2502.000%2027
Novartis Capital Corp.1,0003.100%2027
Novartis Capital Corp.800SOFR + 52bps2028
Novartis Capital Corp.7003.900%2028
Novartis Capital Corp.1,0003.800%2029
Novartis Capital Corp.500SOFR + 65bps2029
Novartis Capital Corp.1,2504.100%2029
Novartis Capital Corp.1,5002.200%2030
Novartis Capital Corp.1,7504.100%2030
Novartis Capital Corp.8504.000%2031
Novartis Capital Corp.1,7504.400%2031
Novartis Capital Corp.9254.300%2032
Novartis Capital Corp.2,0004.600%2033
Novartis Capital Corp.1,1004.200%2034
Novartis Capital Corp.9254.600%2035
Novartis Capital Corp.2,2504.900%2036
Novartis Capital Corp.5003.700%2042
Novartis Capital Corp.1,8504.400%2044
Novartis Capital Corp.3505.200%2045
Novartis Capital Corp.1,2504.000%2045
Novartis Capital Corp.1,0005.600%2046
Novartis Capital Corp.1,2502.750%2050
Novartis Capital Corp.7504.700%2054
Novartis Capital Corp.5505.300%2055
Novartis Capital Corp.2,2505.700%2056

 

Novartis Capital Corp.

Principal amountUSD 1,250,000,000
ISINUS66989HAQ11
IssuerNovartis Capital Corp., United States
GuarantorNovartis AG, Switzerland
TypeSenior unsecured
Coupon2.000%
Coupon payment dateFebruary 14 and August 14, commencing August 14, 2020
DocumentationSEC registered shelf registration
First settlement dateFebruary 14, 2020
Issue price99.909
Maturity dateFebruary 14, 2027
Joint book-runnersCiti, HSBC, Morgan Stanley, Mitsubishi UFJ Financial Group, Barclays, Deutsche Bank, Mizuho
BloombergNOVNVX 2.0 02/14/2027

Novartis Capital Corp.

Principal amountUSD 1,000,000,000
ISINUS66989HAN89
IssuerNovartis Capital Corp., United States
GuarantorNovartis AG, Switzerland
TypeSenior unsecured
Coupon3.100%
Coupon payment dateMay 17 and November 17, commencing May 17, 2017
DocumentationSEC registered shelf registration
First settlement dateFebruary 17, 2017
Issue price99.109
Maturity dateMay 17, 2027
Joint book-runnersBank of America Merrill Lynch, Citi, JP Morgan, Credit Suisse, Goldman Sachs, UBS
BloombergNOVNVX 3.1 05/17/2027

Novartis Capital Corp.

Principal amountUSD 800,000,000
ISINUS66989HBD98
IssuerNovartis Capital Corp., United States
GuarantorNovartis AG, Switzerland
TypeSenior unsecured floating rate note
CouponSOFR + 52bps
Coupon payment dateFebruary 05, May 05, August 05 and November 05, commencing February 05, 2026
DocumentationSEC registered shelf registration
First settlement dateNovember 05, 2025
Issue price100.000
Maturity dateNovember 05, 2028
Joint book-runnersBank of America, BNP Paribas, Deutsche Bank, HSBC, JP Morgan, Société Générale
BloombergNOVNVX Float 11/05/28

Novartis Capital Corp.

Principal amountUSD 700,000,000
ISINUS66989HAX61
IssuerNovartis Capital Corp., United States
GuarantorNovartis AG, Switzerland
TypeSenior unsecured
Coupon3.900%
Coupon payment dateMay 05 and November 05, commencing May 05, 2026
DocumentationSEC registered shelf registration
First settlement dateNovember 05, 2025
Issue price99.978
Maturity dateNovember 05, 2028
Joint book-runnersBank of America, BNP Paribas, Deutsche Bank, HSBC, JP Morgan, Société Générale
BloombergNOVNVX 3.9 11/05/28

Novartis Capital Corp.

Principal amountUSD 1,000,000,000
ISINUS66989HAT59
IssuerNovartis Capital Corp., United States
GuarantorNovartis AG, Switzerland
TypeSenior unsecured
Coupon3.800%
Coupon payment dateMarch 18 and September 18, commencing March 18, 2025
DocumentationSEC registered shelf registration
First settlement dateSeptember 18, 2024
Issue price99.757
Maturity dateSeptember 18, 2029
Joint book-runnersGoldman Sachs, JP Morgan, Citi, Mizuho, Barclays, HSBC, Société Générale
BloombergNOVNVX 3.80 09/18/2029

Novartis Capital Corp.

Principal amountUSD 500,000,000
ISINUS66989HBE71
IssuerNovartis Capital Corp., United States
GuarantorNovartis AG, Switzerland
TypeSenior unsecured floating rate note
CouponSOFR + 65bps
Coupon payment dateMarch 16, June 16,  September 16 and December 16, commencing June 16, 2026
DocumentationSEC registered shelf registration
First settlement dateMarch 18, 2026
Issue price100.000
Maturity dateMarch 16, 2029
Joint book-runnersBNP Paribas, Citibank,  Deutsche Bank, JP Morgan, Mizuho
BloombergNOVNVX Float 03/16/29

Novartis Capital Corp.

Principal amountUSD 1,250,000,000
ISINUS66989HBF47
IssuerNovartis Capital Corp., United States
GuarantorNovartis AG, Switzerland
TypeSenior unsecured
Coupon4.100%
Coupon payment dateMarch 16 and September 16, commencing September 16, 2026
DocumentationSEC registered shelf registration
First settlement dateMarch 18, 2026
Issue price99.883
Maturity dateMarch 16, 2029
Joint book-runnersBNP Paribas, Citibank,  Deutsche Bank, JP Morgan, Mizuho
BloombergNOVNVX 4.1 03/16/29

Novartis Capital Corp.

Principal amountUSD 1,500,000,000
ISINUS66989HAR93
IssuerNovartis Capital Corp., United States
GuarantorNovartis AG, Switzerland
TypeSenior unsecured
Coupon2.200%
Coupon payment dateFebruary 14 and August 14, commencing August 14, 2020
DocumentationSEC registered shelf registration
First settlement dateFebruary 14, 2020
Issue price99.869
Maturity dateAugust 14, 2030
Joint book-runnersCiti, HSBC, Morgan Stanley, Mitsubishi UFJ Financial Group, Barclays, Deutsche Bank, Mizuho
BloombergNOVNVX 2.2 08/14/2030

Novartis Capital Corp.

Principal amountUSD 1,750,000,000
ISINUS66989HAY45
IssuerNovartis Capital Corp., United States
GuarantorNovartis AG, Switzerland
TypeSenior unsecured
Coupon4.100%
Coupon payment dateMay 05 and November 05, commencing May 05, 2026
DocumentationSEC registered shelf registration
First settlement dateNovember 05, 2025
Issue price99.700
Maturity dateNovember 05, 2030
Joint book-runnersBank of America, BNP Paribas, Deutsche Bank, HSBC, JP Morgan, Société Générale
BloombergNOVNVX 4.1 11/05/30

Novartis Capital Corp.

Principal amountUSD 850,000,000
ISINUS66989HAU23
IssuerNovartis Capital Corp., United States
GuarantorNovartis AG, Switzerland
TypeSenior unsecured
Coupon4.000%
Coupon payment dateMarch 18 and September 18, commencing March 18, 2025
DocumentationSEC registered shelf registration
First settlement dateSeptember 18, 2024
Issue price99.565
Maturity dateSeptember 18, 2031
Joint book-runnersGoldman Sachs, JP Morgan, Citi, Mizuho, Barclays, HSBC, Société Générale
BloombergNOVNVX 4.00 09/18/2031

Novartis Capital Corp.

Principal amountUSD 1,750,000,000
ISINUS66989HBG20
IssuerNovartis Capital Corp., United States
GuarantorNovartis AG, Switzerland
TypeSenior unsecured
Coupon4.400%
Coupon payment dateMarch 18 and September 18, commencing September 18, 2026
DocumentationSEC registered shelf registration
First settlement dateMarch 18, 2026
Issue price99.960
Maturity dateMarch 18, 2031
Joint book-runnersBNP Paribas, Citibank,  Deutsche Bank, JP Morgan, Mizuho
BloombergNOVNVX 4.4 03/18/31

Novartis Capital Corp.

Principal amountUSD 925,000,000
ISINUS66989HAZ10
IssuerNovartis Capital Corp., United States
GuarantorNovartis AG, Switzerland
TypeSenior unsecured
Coupon4.300%
Coupon payment dateMay 05 and November 05, commencing May 05, 2026
DocumentationSEC registered shelf registration
First settlement dateNovember 05, 2025
Issue price99.409
Maturity dateNovember 05, 2032
Joint book-runnersBank of America, BNP Paribas, Deutsche Bank, HSBC, JP Morgan, Société Générale
BloombergNOVNVX 4.3 11/05/32

Novartis Capital Corp.

Principal amountUSD 2,000,000,000
ISINUS66989HBH03
IssuerNovartis Capital Corp., United States
GuarantorNovartis AG, Switzerland
TypeSenior unsecured
Coupon4.600%
Coupon payment dateMarch 18 and September 18, commencing September 18, 2026
DocumentationSEC registered shelf registration
First settlement dateMarch 18, 2026
Issue price99.574
Maturity dateMarch 18, 2033
Joint book-runnersBNP Paribas, Citibank,  Deutsche Bank, JP Morgan, Mizuho
BloombergNOVNVX 4.6 03/18/33

Novartis Capital Corp.

Principal amountUSD 1,100,000,000
ISINUS66989HAV06
IssuerNovartis Capital Corp., United States
GuarantorNovartis AG, Switzerland
TypeSenior unsecured
Coupon4.200%
Coupon payment dateMarch 18 and September 18, commencing March 18, 2025
DocumentationSEC registered shelf registration
First settlement dateSeptember 18, 2024
Issue price99.282
Maturity dateSeptember 18, 2034
Joint book-runnersGoldman Sachs, JP Morgan, Citi, Mizuho, Barclays, HSBC, Société Générale
BloombergNOVNVX 4.20 09/18/2034

Novartis Capital Corp.

Principal amountUSD 925,000,000
ISINUS66989HBA59
IssuerNovartis Capital Corp., United States
GuarantorNovartis AG, Switzerland
TypeSenior unsecured
Coupon4.600%
Coupon payment dateMay 05 and November 05, commencing May 05, 2026
DocumentationSEC registered shelf registration
First settlement dateNovember 05, 2025
Issue price99.564
Maturity dateNovember 05, 2035
Joint book-runnersBank of America, BNP Paribas, Deutsche Bank, HSBC, JP Morgan, Société Générale
BloombergNOVNVX 4.6 11/05/35

Novartis Capital Corp.

Principal amountUSD 2,250,000,000
ISINUS66989HBJ68
IssuerNovartis Capital Corp., United States
GuarantorNovartis AG, Switzerland
TypeSenior unsecured
Coupon4.900%
Coupon payment dateMarch 18 and September 18, commencing September 18, 2026
DocumentationSEC registered shelf registration
First settlement dateMarch 18, 2026
Issue price99.719
Maturity dateMarch 18, 2036
Joint book-runnersBNP Paribas, Citibank,  Deutsche Bank, JP Morgan, Mizuho
BloombergNOVNVX 4.9 03/18/36

Novartis Capital Corp.

Principal amountUSD 500,000,000
ISINUS66989HAF55
IssuerNovartis Capital Corp., United States
GuarantorNovartis AG, Switzerland
TypeSenior unsecured
Coupon3.700%
Coupon payment dateMarch 21 and September 21, commencing March 21, 2013
DocumentationSEC registered shelf registration
First settlement dateSeptember 21, 2012
Issue price98.325
Maturity dateSeptember 21, 2042
Joint book-runnersJP Morgan, Morgan Stanley, BNP Paribas, Citi, Bank of America Merrill Lynch, UBS
BloombergNOVNVX 3.7 09/21/42

Novartis Capital Corp.

Principal amountUSD 1,850,000,000
ISINUS66989HAH12
IssuerNovartis Capital Corp., United States
GuarantorNovartis AG, Switzerland
TypeSenior unsecured
Coupon4.400%
Coupon payment dateMay 06 and November 06, commencing May 06, 2014
DocumentationSEC registered shelf registration
First settlement dateFebruary 21, 2014
Issue price99.196
Maturity dateMay 06, 2044
Joint book-runnersGoldman Sachs, Bank of America Merrill Lynch, Barclays, Citi, Credit Suisse, Deutsche Bank, JP Morgan
BloombergNOVNVX 4.4 05/06/44

Novartis Capital Corp.

Principal amountUSD 350,000,000
ISINUS66989HBB33
IssuerNovartis Capital Corp., United States
GuarantorNovartis AG, Switzerland
TypeSenior unsecured
Coupon5.200%
Coupon payment dateMay 05 and November 05, commencing May 05, 2026
DocumentationSEC registered shelf registration
First settlement dateNovember 05, 2025
Issue price99.889
Maturity dateNovember 05, 2045
Joint book-runnersBank of America, BNP Paribas, Deutsche Bank, HSBC, JP Morgan, Société Générale
BloombergNOVNVX 5.2 11/05/45

Novartis Capital Corp.

Principal amountUSD 1,250,000,000
ISINUS66989HAK41
IssuerNovartis Capital Corp., United States
GuarantorNovartis AG, Switzerland
TypeSenior unsecured
Coupon4.000%
Coupon payment dateMay 20 and November 20, commencing May 20, 2016
DocumentationSEC registered shelf registration
First settlement dateNovember 20, 2015
Issue price98.029
Maturity dateNovember 20, 2045
Joint book-runnersBank of America Merrill Lynch, Citi, JP Morgan, Credit Suisse, Goldman Sachs, UBS
BloombergNOVNVX 4 11/20/2045

Novartis Capital Corp.

Principal amountUSD 1,000,000,000
ISINUS66989HBK32
IssuerNovartis Capital Corp., United States
GuarantorNovartis AG, Switzerland
TypeSenior unsecured
Coupon5.600%
Coupon payment dateMarch 18 and September 18, commencing September 18, 2026
DocumentationSEC registered shelf registration
First settlement dateMarch 18, 2026
Issue price99.536
Maturity dateMarch 18, 2046
Joint book-runnersBNP Paribas, Citibank,  Deutsche Bank, JP Morgan, Mizuho
BloombergNOVNVX 5.6 03/18/46

Novartis Capital Corp.

Principal amountUSD 1,250,000,000
ISINUS66989HAS76
IssuerNovartis Capital Corp., United States
GuarantorNovartis AG, Switzerland
TypeSenior unsecured
Coupon2.750%
Coupon payment dateFebruary 14 and August 14, commencing August 14, 2020
DocumentationSEC registered shelf registration
First settlement dateFebruary 14, 2020
Issue price97.712
Maturity dateAugust 14, 2050
Joint book-runnersCiti, HSBC, Morgan Stanley, Mitsubishi UFJ Financial Group, Barclays, Deutsche Bank, Mizuho
BloombergNOVNVX 2.75 08/14/2050

Novartis Capital Corp.

Principal amountUSD 750,000,000
ISINUS66989HAW88
IssuerNovartis Capital Corp., United States
GuarantorNovartis AG, Switzerland
TypeSenior unsecured
Coupon4.700%
Coupon payment dateMarch 18 and September 18, commencing March 18, 2025
DocumentationSEC registered shelf registration
First settlement dateSeptember 18, 2024
Issue price99.936
Maturity dateSeptember 18, 2054
Joint book-runnersGoldman Sachs, JP Morgan, Citi, Mizuho, Barclays, HSBC, Société Générale
BloombergNOVNVX 4.70 09/18/2054

Novartis Capital Corp.

Principal amountUSD 550,000,000
ISINUS66989HBC16
IssuerNovartis Capital Corp., United States
GuarantorNovartis AG, Switzerland
TypeSenior unsecured
Coupon5.300%
Coupon payment dateMay 05 and November 05, commencing May 05, 2026
DocumentationSEC registered shelf registration
First settlement dateNovember 05, 2025
Issue price99.464
Maturity dateNovember 05, 2055
Joint book-runnersBank of America, BNP Paribas, Deutsche Bank, HSBC, JP Morgan, Société Générale
BloombergNOVNVX 5.3 11/05/55

Novartis Capital Corp.

Principal amountUSD 2,250,000,000
ISINUS66989HBL15
IssuerNovartis Capital Corp., United States
GuarantorNovartis AG, Switzerland
TypeSenior unsecured
Coupon5.700%
Coupon payment dateMarch 18 and September 18, commencing September 18, 2026
DocumentationSEC registered shelf registration
First settlement dateMarch 18, 2026
Issue price99.120
Maturity dateMarch 18, 2056
Joint book-runnersBNP Paribas, Citibank,  Deutsche Bank, JP Morgan, Mizuho
BloombergNOVNVX 5.7 03/18/56

ESG index - Innovation and access

Our R&D teams are dedicated to discovering and developing new treatments for diseases including cancer, heart disease and neurological and immunological conditions. We aim to register our innovative treatments across different geographies to improve access to medicines and health outcomes for patients.

In this section: Commitment to patients and caregivers | Access principles | Global health and neglected diseases | Clinical trials | Animal welfare | Intellectual Property

 

Commitment to patients and caregivers

Novartis works with the patient community around the world to discover new ways to improve and extend people’s lives. The four pillars of our commitment to patients and caregivers are: respecting and understanding the patient community perspective; expanding access to our medicines; conducting responsible clinical trials; and recognizing the importance of transparency and reporting.


Access Principles

Improving access to medicines remains one of the world’s greatest healthcare challenges. Through the Novartis Access Principles, we seek to expand access to our medicines to underserved patient populations across high-income and low- and middle-income countries, while addressing major global health challenges. For all our medicines, we aim to implement access strategies based on the following three principles:

  • Research and development (R&D): We assess our R&D portfolio against the unmet needs of underserved populations. Findings are integrated, as appropriate, into our discovery and development processes. We anticipate potential access barriers and enablers for our investigational medicines in both developed and developing markets early in the development process.
     
  • Affordability and pricing: We use a combination of approaches to help patients across the income pyramid access our medicines. In pricing, we take a value-based approach, tying the price of a medicine to outcomes for patients, healthcare systems and society. We believe this helps improve access, while incentivizing healthcare systems and providers to deliver effective and sustainable treatment. We also make our medicines available through specific patient support programs, as well as managed access—also known as compassionate use—programs.

    Managerial responsibility for value-based programs resides with the relevant members of the Executive Committee of Novartis, who review access strategies for all product launches prior to their implementation.

    Pricing transparency varies across markets. For the US, the manufacturer list price (Wholesaler Acquisition Cost) is published in the Red Book, and updated every year, including annual price increases. For other countries, if reimbursed, the list price is published in the official gazette, as well as on the authority/agency’s website (e.g., G-BA in Germany, AIFA in Italy and NICE in England) according to local rules and regulations.
     

  • Health systems strengthening: A medicine is only as good as the system that delivers it. Improving access to healthcare requires long-term investments in healthcare infrastructure. We therefore seek opportunities to lower local barriers to healthcare delivery, working in collaboration with governments and other partners to support quality patient care in areas where we can have the greatest impact.
     

To reinforce our commitment to expanding access to our medicines in low- and middle- income countries (LMICs), we issued a EUR 1.85 billion sustainability-linked bond (SLB) in 2020. We report on our progress against the SLB targets in the Update on Public Commitments 2025, available in the Reporting and transparency hub.

See ESG Data Summary 2025 (PDF 0.1 MB) for metrics including: patients reached; new medicines launched with a global access strategy; projects in research and development; submissions; approvals; countries with products sold.


Global health and neglected diseases

Our work on global health is aligned with our overall efforts to expand access to our medicines. We follow an integrated approach for the control or elimination of neglected diseases where there has been market failure and little investment in research and development such as malaria, leprosy, dengue, leishmaniasis, Chagas disease and sickle cell disease. In 2022, Novartis endorsed the Kigali Declaration on neglected tropical diseases (NTDs) and announced a five-year financial commitment of USD 250 million to the fight against NTDs and malaria.

See ESG Data Summary 2025 (PDF 0.1 MB) for metrics including: patients reached; investment in R&D for malaria and neglected tropical diseases; countries with community health initiatives launched.


Clinical trials

Clinical trials are at the heart of our work to bring innovative medicines to people with a particular disease or condition. These studies ensure that an investigative medicine is effective and safe, and rely entirely on patients and healthy volunteers. For every Novartis clinical trial our primary responsibility is to protect the safety, wellbeing and legal rights of all participants, and ensure adherence to the highest ethical standards for clinical research.


Animal welfare

Often, animal studies are required by regulatory agencies around the world to better understand complex disease mechanisms and to prove that medicines are safe and effective. Our animal research is governed by our Animal Welfare Policy, which applies to all Novartis-sponsored studies, whether internal or external. The policy commits us to applying the 3Rs principles—to replace animals with other methods where possible; to reduce the number of animals needed in our studies; and to refine study methods to improve animals’ experience. We have a grant program to prospectively fund 3Rs research projects.

See ESG Data Summary 2025 (PDF 0.1 MB) for metrics including: animal research.


Intellectual Property

Our approach to intellectual property (IP) derives from our broader purpose to reimagine medicine to improve and extend people’s lives. We use patents and other IP rights as a means to enable the discovery and development of breakthrough medical innovations, to facilitate their delivery to the patients who need them, and to promote scientific and technological progress for patients and society.

Novartis recognizes the unique socio-economic challenges faced by the world’s poorest countries, including challenges that may interfere with the proper functioning of market-based incentives like intellectual property rights. Accordingly, Novartis does not seek or enforce patents in least developed countries (LDCs, as designated by the United Nations), low-income countries (LICs, as designated by the World Bank), or in around 80% of the lower-middle income countries (LMICs, as designated by the World Bank). In the small number of LMICs where we do seek or enforce patents, we aim to limit them to those patent applications covering new molecular entities. In addition, we are committed to granting nonexclusive licenses to qualified third parties for supply of our patented products exclusively to LDCs or to LICs.

CHF fixed-income securities

IssuerAmount (in millions)CouponMaturity
Novartis AG6501.600%2027
Novartis AG5500.625%2029
Novartis AG4351.650%2031
Novartis AG6451.750%2034
Novartis AG3251.050%2035
Novartis AG2801.850%2040
Novartis AG1901.850%2049

 

Novartis AG

Principal amountCHF 650,000,000
ISINCH1353257806
IssuerNovartis AG, Switzerland
TypeSenior unsecured
Coupon1.600%
Coupon payment dateJune 18
DocumentationSwiss stand-alone documentation
First settlement dateJune 18, 2024
Issue price100.138
Maturity dateJune 18, 2027
Joint book-runnersBNP Paribas, Deutsche Bank, UBS
BloombergNOVNVX 1.6 6/18/27
ListingSIX Swiss Exchange

Novartis AG

Principal amountCHF 550,000,000
ISINCH0270190991
IssuerNovartis AG, Switzerland
TypeSenior unsecured
Coupon0.625%
Coupon payment dateNovember 13
DocumentationSwiss stand-alone documentation
First settlement dateFebruary 13, 2015
Issue price100.502
Maturity dateNovember 13, 2029
Joint book-runnersCredit Suisse, UBS
BloombergNOVNVX 0.625 11/13/29
ListingSIX Swiss Exchange

Novartis AG

Principal amountCHF 435,000,000
ISINCH1353257814
IssuerNovartis AG, Switzerland
TypeSenior unsecured
Coupon1.650%
Coupon payment dateJune 18
DocumentationSwiss stand-alone documentation
First settlement dateJune 18, 2024
Issue price100.148
Maturity dateJune 18, 2031
Joint book-runnersBNP Paribas, Deutsche Bank, UBS
BloombergNOVNVX 1.65 6/18/31
ListingSIX Swiss Exchange

Novartis AG

Principal amountCHF 645,000,000
ISINCH1353257822
IssuerNovartis AG, Switzerland
TypeSenior unsecured
Coupon1.750%
Coupon payment dateJune 16
DocumentationSwiss stand-alone documentation
First settlement dateJune 18, 2024
Issue price100.229
Maturity dateJune 16, 2034
Joint book-runnersBNP Paribas, Deutsche Bank, UBS
BloombergNOVNVX 1.75 6/16/34
ListingSIX Swiss Exchange

Novartis AG

Principal amountCHF 325,000,000
ISINCH0270191007
IssuerNovartis AG, Switzerland
TypeSenior unsecured
Coupon1.050%
Coupon payment dateMay 11
DocumentationSwiss stand-alone documentation
First settlement dateFebruary 13, 2015
Issue price100.479
Maturity dateMay 11, 2035
Joint book-runnersCredit Suisse, UBS
BloombergNOVNVX 1.05 05/11/35
ListingSIX Swiss Exchange

Novartis AG

Principal amountCHF 280,000,000
ISINCH1353257830
IssuerNovartis AG, Switzerland
TypeSenior unsecured
Coupon1.850%
Coupon payment dateJune 18
DocumentationSwiss stand-alone documentation
First settlement dateJune 18, 2024
Issue price100.268
Maturity dateJune 18, 2040
Joint book-runnersBNP Paribas, Deutsche Bank, UBS
BloombergNOVNVX 1.85 6/18/40
ListingSIX Swiss Exchange

Novartis AG

Principal amountCHF 190,000,000
ISINCH1353257848
IssuerNovartis AG, Switzerland
TypeSenior unsecured
Coupon1.850%
Coupon payment dateJune 18
DocumentationSwiss stand-alone documentation
First settlement dateJune 18, 2024
Issue price100.149
Maturity dateJune 18, 2049
Joint book-runnersBNP Paribas, Deutsche Bank, UBS
BloombergNOVNVX 1.85 6/18/49
ListingSIX Swiss Exchange

EUR fixed-income securities

IssuerAmount (in millions)CouponMaturity
Novartis Finance S.A.6001.625%2026
Novartis Finance S.A.6001.125%2027
Novartis Finance S.A.5000.625%2028
Novartis Finance S.A.1,8500.000%2028
Novartis Finance S.A.7501.375%2030
Novartis Finance S.A.7501.700%2038

 

Novartis Finance S.A.

Principal amountEUR 600,000,000
ISINXS1134729794
IssuerNovartis Finance S.A., Luxembourg
GuarantorNovartis AG, Switzerland
TypeSenior unsecured
Coupon1.625%
Coupon payment dateNovember 09
DocumentationStandalone
First settlement dateNovember 07, 2014
Issue price99.697
Maturity dateNovember 09, 2026
Joint book-runnersBarclays, BNP Paribas, Deutsche Bank
BloombergNOVNVX 1.625 11/09/26
ListingSIX Swiss Exchange

Novartis Finance S.A.

Principal amountEUR 600,000,000
ISINXS1585010074
IssuerNovartis Finance S.A., Luxembourg
GuarantorNovartis AG, Switzerland
TypeSenior unsecured
Coupon1.125%
Coupon payment dateSeptember 30, commencing September 30, 2017
DocumentationStandalone
First settlement dateMarch 31, 2017
Issue price99.874
Maturity dateSeptember 30, 2027
Joint book-runnersBarclays, BNP Paribas, Deutsche Bank
BloombergNOVNVX 1.125 09/30/27
ListingSIX Swiss Exchange

Novartis Finance S.A.

Principal amountEUR 500,000,000
ISINXS1492825481
IssuerNovartis Finance S.A., Luxembourg
GuarantorNovartis AG, Switzerland
TypeSenior unsecured
Coupon0.625%
Coupon payment dateSeptember 20
DocumentationStandalone
First settlement dateSeptember 20, 2016
Issue price98.48
Maturity dateSeptember 20, 2028
Joint book-runnersBarclays, BNP Paribas, Deutsche Bank
BloombergNOVNVX 0.625 09/20/28
ListingSIX Swiss Exchange

Novartis Finance S.A.

Principal amountEUR 1,850,000,000
ISINXS2235996217
IssuerNovartis Finance S.A., Luxembourg
GuarantorNovartis AG, Switzerland
TypeSenior unsecured
Coupon0.000%
Coupon step-upCoupon to increase by 25 basis points from 2026 onwards if Novartis does not achieve the 2025 Patient Access Targets
Coupon payment dateSeptember 23
DocumentationStandalone
First settlement dateSeptember 23, 2020
Issue price99.354
Maturity dateSeptember 23, 2028
Joint book-runnersBarclays, HSBC, J.P. Morgan, Societe Generale
BloombergNOVNVX 0 09/23/28
ListingSIX Swiss Exchange

Novartis Finance S.A.

Principal amountEUR 750,000,000
ISINXS1769041192
IssuerNovartis Finance S.A., Luxembourg
GuarantorNovartis AG, Switzerland
TypeSenior unsecured
Coupon1.375%
Coupon payment dateAugust 14
DocumentationStandalone
First settlement dateFebruary 14, 2018
Issue price99.957
Maturity dateAugust 14, 2030
Joint book-runnersBarclays, BNP Paribas, Deutsche Bank
BloombergNOVNVX 1.375 08/14/30
ListingSIX Swiss Exchange

Novartis Finance S.A.

Principal amountEUR 750,000,000
ISINXS1769041606
IssuerNovartis Finance S.A., Luxembourg
GuarantorNovartis AG, Switzerland
TypeSenior unsecured
Coupon1.700%
Coupon payment dateAugust 14
DocumentationStandalone
First settlement dateFebruary 14, 2018
Issue price99.217
Maturity dateAugust 14, 2038
Joint book-runnersBarclays, BNP Paribas, Deutsche Bank
BloombergNOVNVX 1.7 08/14/38
ListingSIX Swiss Exchange