Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp)
October 23 2017 - 4:10PM
Edgar (US Regulatory)
Filed Pursuant to Rule 433
Registration No. 333-221035
October 23, 2017
Pricing
Term Sheet
1,000,000,000
The Procter & Gamble Company
500,000,000 0.500% Notes due 2024
500,000,000 1.250% Notes due 2029
0.500% Notes due 2024
|
|
|
Issuer:
|
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The Procter & Gamble Company
|
|
|
Aggregate Principal Amount:
|
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500,000,000
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Maturity Date:
|
|
October 25, 2024
|
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|
Mid-swap
rate:
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0.511%
|
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Spread to
mid-swap
rate:
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+8 basis points
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Yield to Maturity:
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0.591%
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|
Coupon (Interest Rate):
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0.500%
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Price to Public (Issue Price):
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99.378% of principal amount
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Reference Government security:
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DBR 1.000% due August 15, 2024
|
|
|
Reference Government security
yield/price:
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-0.039% ; 107.08%
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Spread to reference
Government security:
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+63 basis points
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|
Interest Payment Date:
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October 25, commencing October 25, 2018
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Day Count Convention:
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ACT/ACT, following, unadjusted
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Make-Whole Redemption:
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At any time at the greater of 100% or a discount rate of the Comparable Government Bond Rate plus 10 basis points
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Tax Redemption:
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The notes will be redeemable if certain events occur involving United States taxation as described in the Prospectus Supplement
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Trade Date:
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October 23, 2017
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|
|
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Settlement Date:
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October 25, 2017 (T+2)
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Common Code:
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170819268
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ISIN:
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XS1708192684
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CUSIP:
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742718 EY1
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Denominations:
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100,000 x 1,000
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Joint Book-Running Managers:
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Deutsche Bank AG, London Branch
HSBC Bank
plc
Morgan Stanley & Co. International plc
|
|
|
Senior
Co-Managers:
|
|
Citigroup Global Markets Limited
Goldman
Sachs & Co. LLC
J.P. Morgan Securities plc
|
|
|
Co-Managers:
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Barclays Bank PLC
Merrill Lynch
International
MUFG Securities EMEA plc
RBC Europe Limited
Banco Bilbao Vizcaya Argentaria, S.A.
ING Bank N.V. Belgian
Branch
Wells Fargo Securities International Limited
The
Williams Capital Group, L.P.
Fifth Third Securities, Inc.
PNC
Capital Markets LLC
U.S. Bancorp Investments, Inc.
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Type of Offering:
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SEC Registered
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Listing:
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Application will be made for listing on the New York Stock Exchange on terms described in the Prospectus Supplement
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Long-term Debt Ratings:
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Moodys: Aa3 (Stable); S&P:
AA-
(Stable)
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Concurrent Offering:
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On October 23, 2017, The Procter & Gamble Company commenced a public offering of notes denominated in U.S. Dollars. The closing of the offering of the notes offered hereby is not contingent on the closing of the
concurrent offering.
|
1.250% Notes due 2029
|
|
|
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Issuer:
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The Procter & Gamble Company
|
|
|
Aggregate Principal Amount:
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500,000,000
|
|
|
Maturity Date:
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October 25, 2029
|
|
|
Mid-swap
rate:
|
|
1.077%
|
|
|
Spread to
mid-swap
rate:
|
|
+20 basis points
|
|
|
Yield to Maturity:
|
|
1.277%
|
|
|
Coupon (Interest Rate):
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|
1.250%
|
|
|
Price to Public (Issue Price):
|
|
99.701% of principal amount
|
|
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Reference Government security:
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|
DBR 0.500% due August 15, 2027
|
|
|
Reference Government security
yield/price:
|
|
0.434% ; 100.63%
|
|
|
Spread to reference
Government
security:
|
|
+84.3 basis points
|
|
|
Interest Payment Date:
|
|
October 25, commencing October 25, 2018
|
|
|
Day Count Convention:
|
|
ACT/ACT, following, unadjusted
|
|
|
Make-Whole Redemption:
|
|
At any time at the greater of 100% or a discount rate of the Comparable Government Bond Rate plus 15 basis points
|
|
|
Tax Redemption:
|
|
The notes will be redeemable if certain events occur involving United States taxation as described in the Prospectus Supplement
|
|
|
Trade Date:
|
|
October 23, 2017
|
|
|
Settlement Date:
|
|
October 25, 2017 (T+2)
|
|
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Common Code:
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170819381
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ISIN:
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XS1708193815
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CUSIP:
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742718 EX3
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Denominations:
|
|
100,000 x 1,000
|
|
|
Joint Book-Running Managers:
|
|
Deutsche Bank AG, London Branch
HSBC Bank
plc
Morgan Stanley & Co. International plc
|
|
|
Senior
Co-Managers:
|
|
Citigroup Global Markets Limited
Goldman
Sachs & Co. LLC
J.P. Morgan Securities plc
|
|
|
Co-Managers:
|
|
Barclays Bank PLC
|
|
|
Merrill Lynch International
|
|
|
MUFG Securities EMEA plc
|
|
|
RBC Europe Limited
|
|
|
Banco Bilbao Vizcaya Argentaria, S.A.
|
|
|
ING Bank N.V. Belgian Branch
|
|
|
Wells Fargo Securities International Limited
|
|
|
The Williams Capital Group, L.P.
|
|
|
Fifth Third Securities, Inc.
|
|
|
PNC Capital Markets LLC
|
|
|
U.S. Bancorp Investments, Inc.
|
|
|
Type of Offering:
|
|
SEC Registered
|
|
|
Listing:
|
|
Application will be made for listing on the New York Stock Exchange on terms described in the Prospectus Supplement
|
|
|
Long-term Debt Ratings:
|
|
Moodys: Aa3 (Stable); S&P:
AA-
(Stable)
|
|
|
Concurrent Offering:
|
|
On October 23, 2017, The Procter & Gamble Company commenced a public offering of notes denominated in U.S. Dollars. The closing of the offering of the notes offered hereby is not contingent on the closing of the
concurrent offering.
|
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 AG, London Branch at 1-
800-503-4611,
HSBC Bank plc (toll free) at
1-866-811-8049
or Morgan Stanley & Co. International plc 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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