EX-25.1 11 a2187715zex-25_1.htm EXHIBIT 25.1

Exhibit 25.1

 

 

 

 SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM T-1

 

STATEMENT OF ELIGIBILITY UNDER THE TRUST

INDENTURE ACT OF 1939 OF A CORPORATION

DESIGNATED TO ACT AS TRUSTEE

 

CHECK IF AN APPLICATION TO DETERMINE

ELIGIBILITY OF A TRUSTEE PURSUANT TO

SECTION 305(b)(2)

 

HSBC Bank USA, National Association

(Exact name of trustee as specified in its charter)

 

N/A

 

20-1177241

(Jurisdiction of incorporation

 

(I.R.S. Employer

or organization if not a U.S.

 

Identification No.)

national bank)

 

 

 

1201 Market Street, Ste 1001

 

 

Wilmington, Delaware

 

19801

(Address of principal executive offices)

 

(Zip Code)

 

Kevin T. O’Brien, SVP

HSBC Bank USA, National Association

452 Fifth Avenue

New York, New York 10018-2706

Tel: (212) 525-1311

(Name, address and telephone number of agent for service)

 

Novartis AG

(Exact name of Registrant as specified in its charter)

 

Novartis Inc.

(Translation of Registrant’s name into English)

 

Switzerland

(State or other jurisdiction of incorporation or organization)

 

Not Applicable

(I.R.S. Employer Identification No.)

 

Lichtstrasse 35

4056 Basel, Switzerland

+41 61 324 1111

(Address and telephone number of Registrant’s principal executive offices)

 

Novartis Capital Corporation

 

Novartis Securities Investment Ltd.

 

Novartis Finance S.A.

(Exact name of Registrant as
specified in its charter)

 

(Exact name of Registrant
 as specified in its charter)

 

(Exact name of Registrant as
specified in its charter)

 

 

 

 

 

Not Applicable
(Translation of Registrant’s name into English

 

Not Applicable
(Translation of Registrant’s name into English

 

Novartis Finance Inc.
(Translation of Registrant’s name into English

 

 

 

 

 

Delaware

 

Bermuda

 

Luxembourg

(State or other jurisdiction of
incorporation or organization)

 

(State or other jurisdiction of
incorporation or organization)

 

(State or other jurisdiction of
incorporation or organization)

 

 

 

 

 

26-3086456

 

Not Applicable

 

Not Applicable

(I.R.S. Employer Identification No.)

 

(I.R.S. Employer Identification No.)

 

(I.R.S. Employer Identification No.)

 

 

 

 

 

608 Fifth Avenue

 

131 Front Street

 

20, rue Eugène Ruppert

New York, New York 10020

 

Hamilton, HM12, Bermuda

 

L-2453 Luxembourg, Luxembourg

+1 212 307 1122

 

+1 441 296 8025

 

+352 26 29 42 01

(Address and telephone number of
Registrant’s principal executive offices)

 

(Address and telephone number of
Registrant’s principal executive offices)

 

(Address and telephone number of
Registrant’s principal executive offices)

 

Debt Securities Fully and Unconditionally Guaranteed by Novartis AG

(Title of Indenture Securities)

 

 

 

 

General

 

Item 1. General Information.

 

Furnish the following information as to the trustee:

 

(a)  Name and address of each examining or supervisory authority to which it is subject.

 

Comptroller of the Currency, New York, NY.

 

Federal Deposit Insurance Corporation, Washington, D.C.

 

Board of Governors of the Federal Reserve System, Washington, D.C.

 

(b) Whether it is authorized to exercise corporate trust powers.

 

Yes.

 

Item 2. Affiliations with Obligor.

 

If the obligor is an affiliate of the trustee, describe each such affiliation.

 

None

 

Items 3-15.        Not Applicable

 


 

Item 16. List of Exhibits

 

Exhibit

 

T1A(i)

(1)

Copy of the Articles of Association of HSBC Bank USA, National Association.

 

 

 

T1A(ii)

(1)

Certificate of the Comptroller of the Currency dated July 1, 2004 as to the authority of HSBC Bank USA, National Association to commence business.

 

 

 

T1A(iii)

(2)

Certificate of Fiduciary Powers dated August 18, 2004 for HSBC Bank USA, National Association

 

 

 

T1A(iv)

(1)

Copy of the existing By-Laws of HSBC Bank USA, National Association.

 

 

 

T1A(v)

 

Not applicable.

 

 

 

T1A(vi)

(2)

Consent of HSBC Bank USA, National Association required by Section 321(b) of the Trust Indenture Act of 1939.

 

 

 

T1A(vii)

 

Copy of the latest report of condition of the trustee (June 30, 2008), published pursuant to law or the requirement of its supervisory or examining authority.

 

 

 

T1A(viii)

 

Not applicable.

 

 

 

T1A(ix)

 

Not applicable.

 

(1)          Exhibits previously filed with the Securities and Exchange Commission with Registration No. 333-118523 and incorporated herein by reference thereto.

(2)          Exhibits previously filed with the Securities and Exchange Commission with Registration No. 333-125197 and incorporated herein by reference thereto.

 


 

SIGNATURE

 

Pursuant to the requirements of the Trust Indenture Act of 1939, the Trustee, HSBC Bank USA, National Association, a national banking association organized and existing under the laws of the United States of America, has duly caused this statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of New York and State of New York on the 5th day of September, 2008.

 

 

 

 

HSBC BANK USA, NATIONAL
ASSOCIATION

 

 

 

 

 

 

 

 

By:

/s/ Vivian Ly

 

 

 

Vivian Ly

 

 

 

Assistant Vice President

 

 

Exhibit T1A (vii)

 

 

 

Board of Governors of the Federal Reserve System

 

 

OMB Number: 7100-0036

 

 

Federal Deposit Insurance Corporation

 

 

OMB Number: 3064-0052

 

 

Office of the Comptroller of the Currency

 

 

OMB Number: 1557-0081

 

 

 

Federal Financial Institutions Examination Council

 

Expires March 31, 2009

 

 

 

 

 

Please refer to page i,
Table of Contents, for
the required disclosure
of estimated burden.

1

 

Consolidated Reports of Condition and Income for

A Bank With Domestic and Foreign Offices—FFIEC 031

 

Report at the close of business June 30, 2008

 

(20040630)

 

 

 

(RCRI  9999)

 

 

This report is required by law; 12 U.S.C. §324 (State member banks); 12 U.S.C. § 1817 (State nonmember banks); and 12 U.S.C. §161 (National banks).

 

This report form is to be filed by banks with branches and consolidated subsidiaries in U.S. territories and possessions, Edge or Agreement subsidiaries, foreign branches, consolidated foreign subsidiaries, or International Banking Facilities.

 

NOTE: The Reports of Condition and Income must be signed by an authorized officer and the Report of Condition must be attested to by not less than two directors (trustees) for State nonmember banks and three directors for State member and National Banks.

 

I,

Clive Bucknall, Controller

 

 

 Name and Title of Officer Authorized to Sign Report

 

 

Of the named bank do hereby declare that these Reports of Condition and Income (including the supporting schedules) have been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and are true to the best of my knowledge and believe.

 

/s/ Joseph R. Simpson

 

Signature of Officer Authorized to Sign Report

 

 

 

08/04/2008

 

Date of Signature

 

 

The Reports of Condition and Income are to be prepared in accordance with Federal regulatory authority instructions.

 

We, the undersigned directors (trustees), attest to the correctness of this Report of Condition (including the supporting schedules) and declare that it has been examined by us and to the best of our knowledge and belief has been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and is true and correct.

 

/s/ Sal H. Alfieri

 

 

Director (Trustee)

 

 

/s/ Bernard J. Kennedy

 

 

Director (Trustee)

 

 

/s/ Martin Glynn

 

 

Director (Trustee)

 

 

 

Submission of Reports

 

Each Bank must prepare its Reports of Condition and Income either:

 

(a)          in electronic form and then file the computer data file directly with the banking agencies’ collection agent, Electronic Data System Corporation (EDS), by modem or  computer diskette; or

 

b)             in hard-copy (paper) form and arrange for another party to convert the paper report to automated for. That party (if other than EDS) must transmit the bank’s computer data file to EDS.

 

For electronic filing assistance, contact EDS Call report Services, 2150 N. Prospect Ave., Milwaukee, WI 53202, telephone (800) 255-1571.

 

To fulfill the signature and attestation requirement for the Reports of Condition and Income for this report date, attach this signature page to the hard-copy of the completed report that the bank places in its files.

 

FDIC Certificate Number

 

5   7   8   9   0

 

 

(RCBI 9030)

 

http://WWW.BANKING.US.HSBC.COM

 

HSBC Bank USA, NATIONAL ASSOCIATION

Primary Internet Web Address of Bank (Home Page), if any (TEXT 4087)

 

Legal Title of Bank (TEXT 9010)

(Example:  www.examplebank.com)

 

Wilmington

 

 

City (TEXT 9130)

 

 

 

 

 

DE

19801

 

 

State Abbrev. (TEXT 9200)

ZIP Code (TEXT 9220)

 


 

Board of Governors of the Federal  Reserve System, Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency

 

REPORT OF CONDITION

 

Consolidated domestic subsidiaries

 

HSBC Bank USA, National Association

 

of  Buffalo

Name of Bank

 

City

 

in the state of New York, at the close of business June 30, 2008

 

 

 

 

 

Thousands of dollars

 

 

 

 

 

 

 

ASSETS

 

 

 

 

 

 

 

 

 

 

 

Cash and balances due from depository institutions:

 

 

 

 

 

a. Non-interest-bearing balances currency and coin

 

 

 

3,746,575

 

b. Interest-bearing balances

 

 

 

4,269,852

 

Held-to-maturity securities

 

 

 

2,776,907

 

Available-for-sale securities

 

 

 

21,761,840

 

Federal funds sold and securities purchased under agreements to resell:

 

 

 

 

 

a. Federal funds sold in domestic offices

 

 

 

4,620,000

 

b. Securities purchased under agreements to resell

 

 

 

7,715,576

 

Loans and lease financing receivables:

 

 

 

 

 

Loans and leases held for sale

 

 

 

4,410,114

 

Loans and leases net of unearned income

 

84,525,017

 

 

 

LESS: Allowance for loan and lease losses

 

1,795,053

 

 

 

Loans and lease, net of unearned income, allowance, and reserve

 

 

 

82,729,964

 

Trading assets

 

 

 

32,699,558

 

Premises and fixed assets

 

 

 

545,573

 

Other real estate owned

 

 

 

72,547

 

Investments in unconsolidated subsidiaries

 

 

 

313,902

 

Customers’ liability to this bank on acceptances outstanding

 

 

 

NA

 

Intangible assets: Goodwill

 

 

 

2,111,113

 

Intangible assets: Other intangible assets

 

 

 

589,485

 

Other assets

 

 

 

9,103,240

 

Total assets

 

 

 

177,466,246

 

 

 

 

 

 

 

LIABILITIES

 

 

 

 

 

 

 

 

 

 

 

Deposits:

 

 

 

 

 

In domestic offices

 

 

 

82,747,882

 

Non-interest-bearing

 

12,897,851

 

 

 

Interest-bearing

 

69,850,031

 

 

 

In foreign offices

 

 

 

36,698,708

 

 


 

Non-interest-bearing

 

963,333

 

 

 

Interest-bearing

 

35,735,375

 

 

 

 

 

 

 

 

 

Federal funds purchased and securities sold under agreements to repurchase:

 

 

 

 

 

a. Federal funds purchased in domestic offices

 

 

 

115,564

 

b. Securities sold under agreements to repurchase

 

 

 

944,566

 

 

 

 

 

 

 

Trading Liabilities

 

 

 

14,021,445

 

Other borrowed money

 

 

 

19,553,170

 

Bank’s liability on acceptances

 

 

 

NA

 

Subordinated notes and debentures

 

 

 

4,614,032

 

Other liabilities

 

 

 

6,349,027

 

Total liabilities

 

 

 

165,044,394

 

Minority Interests in consolidated Subsidiaries

 

 

 

349

 

EQUITY CAPITAL

 

 

 

 

 

 

 

 

 

 

 

Perpetual preferred stock and related surplus

 

 

 

0

 

Common Stock

 

 

 

2,001

 

Surplus

 

 

 

11,593,143

 

Retained earnings

 

 

 

1,472,086

 

Accumulated other comprehensive income

 

 

 

-645,727

 

Other equity capital components

 

 

 

0

 

Total equity capital

 

 

 

12,421,503

 

Total liabilities, minority interests and equity capital

 

 

 

177,466,246