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ABBOTT LABORATORIES — Capital/Financing Update 2015
Mar 5, 2015
29777_rns_2015-03-05_aa8781f2-c0df-46a9-9fbe-3f7504dd0a5e.zip
Capital/Financing Update
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*Filed Pursuant to Rule 433*
*Dated March 5, 2015*
*Registration Statement No. 333-202508*
FINAL TERM SHEET
2.000% Notes due 2020
| Issuer: | Abbott Laboratories |
|---|---|
| Principal Amount: | $750,000,000 |
| Ratings: | A2/A+ (Moodys Investor Services/Standard & Poors Ratings Service) |
| Coupon: | 2.000% |
| Maturity: | March 15, 2020 |
| Price to Public: | 99.810% plus accrued interest, if any, from March 10, 2015 |
| Yield to maturity: | 2.040% |
| Benchmark Treasury: | 1.375% due February 29, 2020 |
| Spread to Benchmark Treasury: | +48 bps |
| Treasury Price and Yield: | 99-03 3/4 / 1.560% |
| Coupon Dates: | Semiannually on March 15 and September 15 |
| First Coupon: | September 15, 2015 |
| Settlement Date: | March 10, 2015 |
| Redemption Provisions: | Abbott may redeem the notes, at any time in whole or from time to time in part, at a redemption price equal to the greater of (1) 100% of the principal amount of the notes being redeemed, or (2) the sum of the present values of the remaining scheduled payments of principal and interest on the notes being redeemed, discounted to the date of redemption on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at a rate equal to the Treasury Yield plus 10 basis points, plus, in either case, accrued and unpaid interest, if any, to the redemption date on the principal amount of the notes being redeemed. |
| CUSIP: | 002824 AZ3 |
| Joint Bookrunning Managers: | Barclays Capital Inc. Merrill Lynch, Pierce, Fenner & Smith Incorporated |
SEQ.=1,FOLIO='',FILE='C:\JMS\108702\15-4927-4\task7256979\4927-4-bc.htm',USER='108702',CD='Mar 6 03:02 2015'
| J.P. Morgan Securities LLC Morgan Stanley & Co. LLC BNP Paribas Securities Corp. | |
|---|---|
| Senior Co-Manager: | Deutsche Bank Securities Inc. SG Americas Securities, LLC Mitsubishi UFJ Securities (USA), Inc. RBS Securities Inc. |
| Co-Managers: | HSBC Securities (USA) Inc. Standard Chartered Bank Santander Investment Securities Inc. Goldman, Sachs & Co. The Williams Capital Group, L.P. BBVA Securities Inc. ING Financial Markets LLC Mizuho Securities USA Inc. RBC Capital Markets, LLC U.S. Bancorp Investments, Inc. Banca IMI S.p.A. |
*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 Barclays Capital Inc. at (888) 603-5847, J.P. Morgan Securities LLC, collect, at (212) 834-4533, Merrill Lynch, Pierce, Fenner & Smith Incorporated, at 1-800-294-1322, or Morgan Stanley & Co. LLC, toll-free at (866) 718-1649.*
SEQ.=1,FOLIO='',FILE='C:\JMS\108702\15-4927-4\task7256979\4927-4-bc.htm',USER='108702',CD='Mar 6 03:02 2015'
FINAL TERM SHEET
2.550% Notes due 2022
| Issuer: | Abbott Laboratories |
|---|---|
| Principal Amount: | $750,000,000 |
| Ratings: | A2/A+ (Moodys Investor Services/Standard & Poors Ratings Service) |
| Coupon: | 2.550% |
| Maturity: | March 15, 2022 |
| Price to Public: | 99.834% plus accrued interest, if any, from March 10, 2015 |
| Yield to maturity: | 2.576% |
| Benchmark Treasury: | 1.750% due February 28, 2022 |
| Spread to Benchmark Treasury: | +68 bps |
| Treasury Price and Yield: | 99.01+ / 1.896% |
| Coupon Dates: | Semiannually on March 15 and September 15 |
| First Coupon: | September 15, 2015 |
| Settlement Date: | March 10, 2015 |
| Redemption Provisions: | Abbott may redeem the notes, at any time in whole or from time to time in part, at a redemption price equal to the greater of (1) 100% of the principal amount of the notes being redeemed, or (2) the sum of the present values of the remaining scheduled payments of principal and interest on the notes being redeemed, discounted to the date of redemption on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at a rate equal to the Treasury Yield plus 12.5 basis points, plus, in either case, accrued and unpaid interest, if any, to the redemption date on the principal amount of the notes being redeemed. |
| CUSIP: | 002824 BA7 |
| Joint Bookrunning Managers: | Barclays Capital Inc. |
| Merrill Lynch, Pierce, Fenner & Smith | |
| Incorporated |
SEQ.=1,FOLIO='',FILE='C:\JMS\108702\15-4927-4\task7256979\4927-4-bc.htm',USER='108702',CD='Mar 6 03:02 2015'
| J.P. Morgan Securities LLC | |
|---|---|
| Morgan Stanley & Co. LLC | |
| SG Americas Securities, LLC | |
| Senior Co-Manager: | BNP Paribas Securities Corp. |
| Deutsche Bank Securities Inc. | |
| Mitsubishi UFJ Securities (USA), Inc. | |
| RBS Securities Inc. | |
| Co-Managers: | HSBC Securities (USA) Inc. |
| Standard Chartered Bank | |
| Santander Investment Securities Inc. | |
| Goldman, Sachs & Co. | |
| The Williams Capital Group, L.P. | |
| BBVA Securities Inc. | |
| ING Financial Markets LLC | |
| Mizuho Securities USA Inc. | |
| RBC Capital Markets, LLC | |
| U.S. Bancorp Investments, Inc. | |
| Banca IMI S.p.A. |
*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 Barclays Capital Inc. at (888) 603-5847, J.P. Morgan Securities LLC, collect, at (212) 834-4533, Merrill Lynch, Pierce, Fenner & Smith Incorporated, at 1-800-294-1322, or Morgan Stanley & Co. LLC, toll-free at (866) 718-1649.*
SEQ.=1,FOLIO='',FILE='C:\JMS\108702\15-4927-4\task7256979\4927-4-bc.htm',USER='108702',CD='Mar 6 03:02 2015'
FINAL TERM SHEET
2.950% Notes due 2025
| Issuer: | Abbott Laboratories |
|---|---|
| Principal Amount: | $1,000,000,000 |
| Ratings: | A2/A+ (Moodys Investor Services/Standard & Poors Ratings Service) |
| Coupon: | 2.950% |
| Maturity: | March 15, 2025 |
| Price to Public: | 99.793% plus accrued interest, if any, from March 10, 2015 |
| Yield to maturity: | 2.974% |
| Benchmark Treasury: | 2.000% due February 15, 2025 |
| Spread to Benchmark Treasury: | +88 bps |
| Treasury Price and Yield: | 99-05 / 2.094% |
| Coupon Dates: | Semiannually on March 15 and September 15 |
| First Coupon: | September 15, 2015 |
| Settlement Date: | March 10, 2015 |
| Redemption Provisions: | Abbott may redeem the notes, at any time in whole or from time to time in part, at a redemption price equal to the greater of (1) 100% of the principal amount of the notes being redeemed, or (2) the sum of the present values of the remaining scheduled payments of principal and interest on the notes being redeemed, discounted to the date of redemption on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at a rate equal to the Treasury Yield plus 15 basis points, plus, in either case, accrued and unpaid interest, if any, to the redemption date on the principal amount of the notes being redeemed. |
| Notwithstanding the foregoing, if the notes are redeemed on or after December 15, 2024, the redemption price will be 100% of the principal amount of the notes to be redeemed plus accrued and unpaid |
SEQ.=1,FOLIO='',FILE='C:\JMS\108702\15-4927-4\task7256979\4927-4-bc.htm',USER='108702',CD='Mar 6 03:02 2015'
| interest, if any, to the redemption date on the principal amount of the notes being redeemed. | |
|---|---|
| CUSIP: | 002824 BB5 |
| Joint Bookrunning Managers: | Barclays Capital Inc. |
| Merrill Lynch, Pierce, Fenner & Smith | |
| Incorporated | |
| J.P. Morgan Securities LLC | |
| Morgan Stanley & Co. LLC | |
| Deutsche Bank Securities Inc. | |
| Senior Co-Manager: | BNP Paribas Securities Corp. |
| SG Americas Securities, LLC | |
| Mitsubishi UFJ Securities (USA), Inc. | |
| RBS Securities Inc. | |
| Co-Managers: | HSBC Securities (USA) Inc. |
| Standard Chartered Bank | |
| Santander Investment Securities Inc. | |
| Goldman, Sachs & Co. | |
| The Williams Capital Group, L.P. | |
| BBVA Securities Inc. | |
| ING Financial Markets LLC | |
| Mizuho Securities USA Inc. | |
| RBC Capital Markets, LLC | |
| U.S. Bancorp Investments, Inc. | |
| Banca IMI S.p.A. |
*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 Barclays Capital Inc. at (888) 603-5847, J.P. Morgan Securities LLC, collect, at (212) 834-4533, Merrill Lynch, Pierce, Fenner & Smith Incorporated, at 1-800-294-1322, or Morgan Stanley & Co. LLC, toll-free at (866) 718-1649.*
SEQ.=1,FOLIO='',FILE='C:\JMS\108702\15-4927-4\task7256979\4927-4-bc.htm',USER='108702',CD='Mar 6 03:02 2015'