— Let I be a set and E an associative, commutative, unital, linearly topologized separated complete A-algebra.
(i) Let φ be a continuous homomorphism of A[[I]] into E and xi=φ(Xi). Then: (a) for all i∈I, xin tends to 0 as n tends to +∞; (b) if I is infinite, xi tends to 0 along the filter of complements of finite subsets of I.
(ii) Let x=(xi)i, I be a family of elements of E satisfying a) and b) of (i). Then there exists one and only one unital continuous homomorphism φ of A[[I]] into E such that φ(Xi)=xi for all i∈I.
For all i∈I, Xin clearly tends to 0 in A[[I]] as n tends to +∞; on the other hand when I is infinite, Xi tends to 0 along the filter of complements of finite subsets of I. This proves (i).
Let (xi)i∈I be a family of elements of E satisfying conditions a) and b) of (i), let ψ be the homomorphism u↦u((xi)i∈I) of A[(Xi)i∈I] into E, and let V be a neighbourhood of 0 of E which is an ideal of E. By b) there exists a finite subset J of I such that xi∈V for all i∈I−J. Next there exists by a) an integer n≥0 such that xin∈V for all i∈J. Let β be the element of N(I) such that βi=n−1 for i∈J and βi=0 for i∈I−J. If we define the ideal aβ of A[[I]] as at the beginning of No. 2 (IV, p. 26), then
u∈A[(Xi)i∈I]∩aβ⇒ψ(u)∈V
This shows that ψ is continuous if we equip A[(Xi)i∈I] with the topology induced by that of A[[I]]. Since E is separated and complete, ψ extends to a continuous unital homomorphism φ of A[[I]] into E. We have φ(Xi)=ψ(Xi)=xi for all i∈I. Finally let φ′ be a continuous unital homomorphism of A[[I]] into E such that φ′(Xi)=xi. We have φ′(u)=φ(u) for all u∈A[(Xi)i∈I], hence φ′=φ because A[(Xi)i∈I] is dense in A[[I]].
Let us keep the previous notation. If u∈A[[I]], the image of u by φ is denoted by u(x) or u((xi)i∈I) (or also u(x1,...,xn) if I=(1,2,...,n)) and is called the element of E obtained by substitution of xi for Xi in u, or the value of u for the values xi of the Xi or also the value of u for Xi=xi. In particular we have u=u((Xi)i∈I).
Let E′ be an associative commutative and unital linearly topologized separated and complete A-algebra. Let λ be a continuous unital homomorphism of E into E′, and (xi)i∈I a family of elements of E satisfying conditions a) and b) of Prop. 4 (IV, p. 28). The family (λ(xi))i∈I satisfies the same conditions a) and b). For every u∈A[[I]] we have
λ(u((xi)i∈I))=u((λ(xi))i∈I),
for the mapping u↦A(u((xi)i∈I)) is a continuous unital homomorphism of A[[I]] into E′ which transforms Xi into λ(xi) for all i∈I.
If J and K are two sets, we denote by AJ,K the set of all families (gj)j∈J satisfying the following conditions: (i) for all j∈J, gj is an element of A[[K]] whose constant term is nilpotent; (ii) if J is infinite, gj tends to 0 along the filter of complements of finite subsets of J.
We note that if J is finite, every family of formal power series (gj)j∈J without constant term in A[[K]] belongs to AJ,K.
Let (gj)j∈J be in AJ,K. By the Cor. of Prop. 3 (IV, p. 28) we have limn→∞gjn=0 for all j∈J. Let f∈A[[J]]; we can substitute gj for the variable of index j in f and obtain a formal power series f((gj)j∈J) belonging to A[[K]]. Moreover, the mapping f↦f((gj)j∈J) is a continuous homomorphism of A-algebras A[[J]] into A[[K]].
In particular if J=(1,...,p) and f∈A[[X1,...,Xp]], we can substitute for each Xj a formal power series gj∈A[[K]] without constant term; the result of this substitution is written f(g1,...,gp).
Let x=(xk)k∈K be a family of elements of E satisfying conditions a) and b) of Prop. 4 (IV, p. 28). Let us apply (3), taking for A the homomorphism u↦u(x) of A[[K]] into E; we obtain
f((gj)j∈J)(x)=f((gj(x))j∈J).
Let f=(fi)i∈I∈(A[[J]])I and g=(gj)j∈J∈AJ,K. We denote by f(g) or f∘g the element (fi((gj),ϵJ))i∈I of (A[[K]])I. If f∈AI,J, we have f∘g∈A,,K because the mapping f↦f((gj)i,J) of A[[I]] into A[[K]] is continuous.
Let f∈(A[[J]])I, g∈AJ,K, h∈AK,L. Then g∘h∈AJ,L and by (4), we have
(f∘g)∘h=f∘(g∘h).
Bourbaki puts the proof directly after the statement, so what is above is the statement and its proof together.