DESCRIPTION OF DEBT SECURITIES
The following description of the Notes is a summary and does not purport to be complete. This description is
qualified in its entirety by reference, as applicable, to the Indenture, dated as of April 29, 2013, between Apple Inc.
and The Bank of New York Mellon Trust Company, N.A., as trustee (the “2013 Indenture”) and the Indenture, dated
as of November 5, 2018, between Apple Inc. and The Bank of New York Mellon Trust Company, N.A., as trustee (the
“2018 Indenture,” and together with the 2013 Indenture, the “Indentures”). References in this section to the
“Company,” “us,” “we” and “our” are solely to Apple Inc. and not to any of its subsidiaries, unless the context requires
otherwise.
The Notes
Each of the Notes were issued under the applicable Indenture, which provides that debt securities may be
issued under such Indenture from time to time in one or more series. The Indentures and the Notes are governed by,
and construed in accordance with, the laws of the State of New York. The Indentures do not limit the amount of debt
securities that we may issue thereunder. We may, without the consent of the holders of the debt securities of any
series, issue additional debt securities ranking equally with, and otherwise similar in all respects to, the debt securities
of the series (except for the date of issuance, the date interest begins to accrue and, in certain circumstances, the
first interest payment date) so that those additional debt securities will be consolidated and form a single series with
the debt securities of the series previously offered and sold; provided, however, that any additional debt securities will
have a separate ISIN number unless certain conditions are met.
The 2022 Notes
We issued €1,400,000,000 aggregate principal amount of the 2022 Notes on November 10, 2014. The
maturity date of the 2022 Notes is November 10, 2022, and interest at a rate of 1.000% per annum is paid annually
on November 10 of each year, beginning on November 10, 2015, and on the maturity date. As of October 14, 2022,
€1,400,000,000 aggregate principal amount of the 2022 Notes was outstanding.
The 2024 Notes
We issued €1,000,000,000 aggregate principal amount of the 2024 Notes on September 17, 2015. The
maturity date of the 2024 Notes is January 17, 2024, and interest at a rate of 1.375% per annum is paid annually on
January 17 of each year, beginning on January 17, 2016, and on the maturity date. As of October 14, 2022,
€1,000,000,000 aggregate principal amount of the 2024 Notes was outstanding.
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