Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp)
27 Octubre 2020 - 3:11PM
Edgar (US Regulatory)
Filed Pursuant to Rule 433
Registration No. 333-249545
October 27, 2020
Pricing Term Sheet
$2,250,000,000
The
Procter & Gamble Company
$1,000,000,000 0.550% Notes due 2025
$1,250,000,000 1.200% Notes due 2030
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0.550% Notes due 2025
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Issuer:
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The Procter & Gamble Company
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Aggregate Principal Amount:
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$1,000,000,000
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Maturity Date:
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October 29, 2025
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Coupon (Interest Rate):
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0.550%
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Price to Public (Issue Price):
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99.838% of principal amount
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Yield to Maturity:
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0.583%
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Spread to Benchmark Treasury:
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+25 basis points
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Benchmark Treasury:
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0.250% UST due September 30, 2025
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Benchmark Treasury Yield:
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0.333%
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Interest Payment Dates:
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April 29 and October 29, commencing April 29, 2021
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Day Count Convention:
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30/360
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Make-whole Redemption:
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At any time at the greater of 100% or a discount rate of Treasury plus 5 basis points
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Trade Date:
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October 27, 2020
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Settlement Date:
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October 29, 2020 (T+2)
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CUSIP Number:
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742718 FL8
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ISIN Number:
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US742718FL83
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Denominations:
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$2,000 x $1,000
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Joint Book-Running Managers:
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Deutsche Bank Securities Inc.
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HSBC Securities (USA) Inc.
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Morgan Stanley & Co. LLC
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Senior Co-Managers:
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Citigroup Global Markets Inc.
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Goldman Sachs & Co. LLC
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Co-Managers:
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BofA Securities, Inc.
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Barclays Capital Inc.
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BBVA Securities Inc.
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MUFG Securities Americas Inc.
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RBC Capital Markets, LLC
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U.S. Bancorp Investments, Inc.
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Fifth Third Securities, Inc.
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ING Financial Markets LLC
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PNC Capital Markets LLC
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Siebert Williams Shank & Co., LLC
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Type of Offering:
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SEC Registered
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Listing:
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None
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Refinancing Transactions:
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On October 13, 2020 (i) The Procter & Gamble Company delivered notice of its election to redeem the P&G debt securities listed in the Prospectus Supplement (the Redemption Securities) and
(ii) commenced a debt tender offer (the Tender Offer) to purchase, subject to a maximum tender amount, the P&G debt securities listed in the Prospectus Supplement (the Tender Offer Securities).
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Use of Proceeds:
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(i) To fund all or a portion of the purchase of the Tender Officer Securities and/or the redemption of the Redemption Securities, including fees and expenses related thereto, and/or (ii) for general corporate purposes, which
may include the repayment of commercial paper.
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Long-term Debt Ratings:
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Moodys: Aa3 (Stable); S&P: AA- (Stable)
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1.200% Notes due 2030
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Issuer:
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The Procter & Gamble Company
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Aggregate Principal Amount:
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$1,250,000,000
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Maturity Date:
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October 29, 2030
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Coupon (Interest Rate):
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1.200%
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Price to Public (Issue Price):
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99.550% of principal amount
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Yield to Maturity:
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1.248%
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Spread to Benchmark Treasury:
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+47 basis points
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Benchmark Treasury:
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0.625% UST due August 15, 2030
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Benchmark Treasury Yield:
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0.778%
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Interest Payment Dates:
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April 29 and October 29, commencing April 29, 2021
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Day Count Convention:
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30/360
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Make-whole Redemption:
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At any time at the greater of 100% or a discount rate of Treasury plus 10 basis points
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Trade Date:
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October 27, 2020
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Settlement Date:
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October 29, 2020 (T+2)
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CUSIP Number:
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742718 FM6
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ISIN Number:
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US742718FM66
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Denominations:
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$2,000 x $1,000
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Joint Book-Running Managers:
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Deutsche Bank Securities Inc.
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HSBC Securities (USA) Inc.
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Morgan Stanley & Co. LLC
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Senior Co-Managers:
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Citigroup Global Markets Inc.
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Goldman Sachs & Co. LLC
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Co-Managers:
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BofA Securities, Inc.
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Barclays Capital Inc.
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BBVA Securities Inc.
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MUFG Securities Americas Inc.
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RBC Capital Markets, LLC
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U.S. Bancorp Investments, Inc.
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Fifth Third Securities, Inc.
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ING Financial Markets LLC
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PNC Capital Markets LLC
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Siebert Williams Shank & Co., LLC
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Type of Offering:
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SEC Registered
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Listing:
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None
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Refinancing Transactions:
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On October 13, 2020 (i) The Procter & Gamble Company delivered notice of its election to redeem the P&G debt securities listed in the Prospectus Supplement (the Redemption Securities) and
(ii) commenced a debt tender offer (the Tender Offer) to purchase, subject to a maximum tender amount, the P&G debt securities listed in the Prospectus Supplement (the Tender Offer Securities).
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Use of Proceeds:
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(i) To fund all or a portion of the purchase of the Tender Officer Securities and/or the redemption of the Redemption Securities, including fees and expenses related thereto, and/or (ii) for general corporate purposes, which
may include the repayment of commercial paper.
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Long-term Debt Ratings:
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Moodys: Aa3 (Stable); S&P: AA- (Stable)
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Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or
withdrawal at any time.
The issuer has filed
a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the
SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering
will arrange to send you the prospectus if you request it by calling Deutsche Bank Securities Inc. toll-free at 1-800-503-4611,
HSBC Securities (USA) Inc. toll-free at 1-866-811-8049 and Morgan Stanley & Co. LLC collect at 1-866-718-1649.
Any disclaimers
or other notices that may appear below are not applicable to this communication and should be disregarded. Such disclaimers or other notices were automatically generated as a result of this communication being sent via Bloomberg or another email
system.
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