Issuer:

Apple Inc.

Principal Amount:

€1,000,000,000

Maturity:

November 15, 2025

Coupon:

0.000%

Price to Public:

99.808%

Interest Payment Date:

Annually on November 15, commencing November 15, 2020

Day Count Convention:

ACTUAL/ACTUAL (ICMA)

Spread to Mid-Swap:

+15 basis points

Mid-Swap Yield:

-0.118%

Benchmark Security:

DBR 1.000% due August 15, 2025

Benchmark Security Price:

108.79%

Spread to Benchmark Security:

+53.2 basis points

Yield:

0.032%

Redemption:

Prior to August 15, 2025, the 2025 Notes will be redeemable, at any time, in whole, or from time to time, in part, at Apple Inc.’s option, at a redemption price calculated by Apple Inc. equal to the greater of (i) 100% of the principal amount of the 2025 Notes being redeemed or (ii) the sum of the present values of the remaining scheduled payments of principal and interest on the notes to be redeemed (assuming that such notes matured on August 15, 2025) exclusive of interest accrued to, but excluding, the date of redemption, discounted to the date of redemption on an annual basis (ACTUAL/ACTUAL (ICMA)) at the applicable Comparable Government Bond Rate (as defined in the 2025 Notes) plus 10 basis points, plus, in each case, accrued and unpaid interest thereon to, but excluding, the date of redemption.

On or after August 15, 2025, Apple Inc. may redeem the 2025 Notes, in whole or in part, at any time or from time to time prior to their maturity, at a redemption price equal to 100% of the principal amount of the 2025 Notes to be redeemed, plus accrued and unpaid interest thereon to, but excluding, the date of redemption.

Trade Date:

November 7, 2019

Settlement Date:

November 15, 2019 (London T+5)

Denominations:

€100,000 and any integral multiple of €1,000 in excess thereof

Listing:

Apple Inc. intends to apply to list the 2025 Notes on the NASDAQ Bond Exchange

Ratings:*

Aa1 (stable) by Moody’s Investors Service, Inc.

AA+ (stable) by Standard & Poor’s Ratings Services

Net Proceeds:

Net proceeds for the 2025 Notes will be approximately €996.7mm, after deducting underwriting discounts and offering expenses. Apple Inc. intends to allocate an amount equal to such net proceeds to finance, in whole or in part, one or more Eligible Projects (as defined in the Preliminary Prospectus Supplement related to this offering). See the Preliminary Prospectus Supplement relating to this offering for more information about the eligibility criteria for such projects.

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.

Common Code/ISIN:

207971685 / XS2079716853

Joint Book-Running Managers:

Goldman Sachs & Co. LLC

Barclays Bank PLC

BNP Paribas

J.P. Morgan Securities plc

Citigroup Global Markets Limited

Deutsche Bank AG, London Branch

HSBC Bank plc

Merrill Lynch International

Issuer:

Apple Inc.

Principal Amount:

€1,000,000,000

Maturity:

November 15, 2031

Coupon:

0.500%

Price to Public:

99.248%

Interest Payment Date:

Annually on November 15, commencing November 15, 2020

Day Count Convention:

ACTUAL/ACTUAL (ICMA)

Spread to Mid-Swap:

+30 basis points

Mid-Swap Yield:

0.265%

Benchmark Security:

DBR 0.000% due August 15, 2029

Benchmark Security Price:

102.50%

Spread to Benchmark Security:

+81.8 basis points

Yield:

0.565%

Redemption:

Prior to August 15, 2031, the 2031 Notes will be redeemable, at any time, in whole, or from time to time, in part, at Apple Inc.’s option, at a redemption price calculated by Apple Inc. equal to the greater of (i) 100% of the principal amount of the 2031 Notes being redeemed or (ii) the sum of the present values of the remaining scheduled payments of principal and interest on the notes to be redeemed (assuming that such notes matured on August 15, 2031) exclusive of interest accrued to, but excluding, the date of redemption, discounted to the date of redemption on an annual basis (ACTUAL/ACTUAL (ICMA)) at the applicable Comparable Government Bond Rate (as defined in the 2031 Notes) plus 15 basis points, plus, in each case, accrued and unpaid interest thereon to, but excluding, the date of redemption.

On or after August 15, 2031, Apple Inc. may redeem the 2031 Notes, in whole or in part, at any time or from time to time prior to their maturity, at a redemption price equal to 100% of the principal amount of the 2031 Notes to be redeemed, plus accrued and unpaid interest thereon to, but excluding, the date of redemption.

Trade Date:

November 7, 2019

Settlement Date:

November 15, 2019 (London T+5)

Denominations:

€100,000 and any integral multiple of €1,000 in excess thereof

Listing:

Apple Inc. intends to apply to list the 2031 Notes on the NASDAQ Bond Exchange

Ratings:*

Aa1 (stable) by Moody’s Investors Service, Inc.

AA+ (stable) by Standard & Poor’s Ratings Services

Net Proceeds:

Net proceeds for the 2031 Notes will be approximately €990.2mm, after deducting underwriting discounts and offering expenses. Apple Inc. intends to allocate an amount equal to such net proceeds to finance, in whole or in part, one or more Eligible Projects (as defined in the Preliminary Prospectus Supplement related to this offering). See the Preliminary Prospectus Supplement relating to this offering for more information about the eligibility criteria for such projects.

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.

Common Code/ISIN:

207971693 / XS2079716937

Joint Book-Running Managers:

Goldman Sachs & Co. LLC

Barclays Bank PLC

BNP Paribas

J.P. Morgan Securities plc

Citigroup Global Markets Limited

Deutsche Bank AG, London Branch

HSBC Bank plc

Merrill Lynch International