Link Multiple

In brief

Advantages

By investing in Link Multiple:

• Your personal contribution is guaranteed
  You are guaranteed¹ that at maturity or in the event of early release you will recover 100% of your personal contribution.
• You are guaranteed a minimum return of 3% per year on your personal contribution
  Whatever the fluctuations in the ENGIE share price, you are guaranteed to enjoy a minimum return of 3% per year on your personal contribution.
• Or a return higher than the minimum guaranteed return if changes in the ENGIE share price are favourable
  If changes in the ENGIE share price against the reference price are favourable, you will receive a profit equal to 24 times the protected average increase of the ENGIE share price¹.

This return will be paid to you instead of the minimum return of 3% per year if it turns out to be higher². 

How does it work?

• At the start of the transaction, depending on the amount of your personal contribution and the bank supplement multiplying the personal contribution by 10, a number of FCPE units will be allocated to you based on the share price.
• As from the date of completion of the operation (07 November 2024), ·       the ENGIE share price will be recorded once a month on the 25th day of the relevant month (and if this day is not a trading day, on the first trading day preceding this date) until the end of the five-year lock-in period, i.e., 60 readings. These 60 recorded share prices are used to determine an average ENGIE share price over the five-year period.
• If some of these 60 readings are below the reference price, these readings will not be taken into account and will be replaced by the reference price for calculation of the average. This average is therefore considered to be “protected”. This average will then be compared to the reference price to obtain the protected average increase over the period.
  Cette moyenne sera ensuite comparée au prix de référence pour obtenir la hausse moyenne protégée sur la période.
• At the end of the 5-year lock-in period or in the event of early release, you will receive the greater of: 
  your personal contribution + the average protected increase x 24 x the number of units subscribed to
  and
  your personal contribution capitalised thanks to the guaranteed minimum return of 3% per year

Do some investment simulations on the simulator

What does Link Multiple entail?

In return for the guarantee and the multiple, you waive:

• any potential dividends;
• the benefit of the 20% discount: in practice, the FCPE subscribes to ENGIE shares at a discounted price but your return on expiry of the lock-in period will be calculated from the reference price and not from the share price (reference price - 20%). You will not therefore benefit from the discount in the calculation of the potential performance of the share;
• the right to a portion of any potential increase in the ENGIE share price at maturity: performance is calculated on the basis of the protected average increase of the ENGIE share price recorded during the lock-in period and not on the share price at maturity.

Your investment is locked in for five years, i.e. until 6 November 2029, except in the event of early release.

What happens to my investment at the end of the lock-in period?

By investing in Link Multiple, you will hold shares in the Link Multiple 2024 sub-fund of the Link France FCPE. At the end of the 5-year lock-in period, you will no longer benefit from the guarantee as described above. You will be contacted no later than two (2) months before the maturity date and asked to make a choice between:

• redemption of your holdings;
• reinvestment of your holdings in the “LINK LIBERTE” sub-fund of the Link France FCPE or moving them to the “EGEPARGNE MONETAIRE” FCPE. Your reinvested holdings will no longer benefit from the Link Multiple guarantee.

If you do not respond, the Link Multiple 2024 sub-fund will be merged with the Link Liberté sub-fund of the Link France FCPE subject to the prior approval of the Supervisory Board and the French Financial Markets Authority (AMF). You will then no longer benefit from the capital guarantee afforded by the Link Multiple option.

¹ Except in certain exceptional cases as described in the LINK FRANCE FCPE Regulations.
² N.B.: in the event of a bonus dividend generated by the “LINK MULTIPLE 2024” sub-fund, your return at the end of the investment will be increased by an amount corresponding to the bonus portion of the share dividend applicable to the shares underlying your shareholding, capitalised up until that date at the €STR rate (euro zone 1-day reference interest rate).