Regulatory Filings • Mar 30, 2011
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Download Source FileFWP 1 n63734fwfwp.htm FWP fwp PAGEBREAK
Filed Pursuant to Rule 433 Registration No. 333-165627 Dated March 30, 2011
Supplementing the Preliminary Prospectus Supplement dated March 30, 2011 (To Prospectus dated March 23, 2010)
$1,750,000,000 Archer-Daniels-Midland Company $750,000,000 4.479% Notes due 2021 $1,000,000,000 5.765% Debentures due 2041
Final Term Sheet
March 30, 2011
| Issuer: | Archer-Daniels-Midland Company | |
|---|---|---|
| Ratings (Moodys/S&P/Fitch)**: | A2/A/A | |
| Format: | SEC Registered | |
| Ranking: | Senior Unsecured | |
| Trade Date: | March 30, 2011 | |
| Settlement Date: | April 4, 2011 | |
| Interest Payment Dates: | Semi-annually on March 1 and September 1 | |
| First Interest Payment Date: | September 1, 2011 | |
| Day Count: | 30/360 | |
| Joint Lead Remarketing Agents: | Citigroup Global Markets Inc. | |
| J.P. Morgan Securities LLC | ||
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | ||
| Co-Remarketing Agents | Barclays Capital Inc. | |
| BNP Paribas Securities Corp. | ||
| Deutsche Bank Securities Inc. | ||
| HSBC Securities (USA) Inc. | ||
| Morgan Stanley & Co. Incorporated | ||
| 4.479% Notes due 2021 | 5.765% Debentures due 2041 | |
| Size: | $750,000,000 | $1,000,000,000 |
| Final Maturity: | March 1, 2021 | March 1, 2041 |
| Interest: | 4.479% per year; on | |
| September 1, 2011, the | ||
| first Interest Payment | ||
| Date, interest on the Notes | ||
| will be paid in an amount | ||
| equal to (a) interest at | ||
| the rate of 4.70% per year | ||
| from and including March 1, | ||
| 2011 to, but not including, | ||
| the Settlement Date and (b) | ||
| interest at the rate of | ||
| 4.479% per year from and | ||
| including the Settlement | ||
| Date to, but not including, | ||
| such Interest Payment Date. | 5.765% per year; on | |
| September 1, 2011, the | ||
| first Interest Payment | ||
| Date, interest on the | ||
| Debentures will be paid in | ||
| an amount equal to (a) | ||
| interest at the rate of | ||
| 4.70% per year from and | ||
| including March 1, 2011 to, | ||
| but not including, the | ||
| Settlement Date and (b) | ||
| interest at the rate of | ||
| 5.765% per year from and | ||
| including the Settlement | ||
| Date to, but not including, | ||
| such Interest Payment Date. |
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| Pricing Benchmark: | 3.625% due February 15, 2021 | 4.250% due November 15, 2040 |
|---|---|---|
| UST Spot (Price/Yield): | 101-18; 3.437% | 95-23; 4.513% |
| Spread to Benchmark: | Plus 95 bps | Plus 120 bps |
| Yield to Maturity: | 4.387% | 5.713% |
| Coupon: | 4.479% | 5.765% |
| Price to Public: | 100.729%, plus accrued | |
| interest at the rate of | ||
| 4.70% per year from and | ||
| including March 1, 2011 to, | ||
| but not including, the | ||
| Settlement Date. | 100.738%, plus accrued | |
| interest at the rate of | ||
| 4.70% per year from and | ||
| including March 1, 2011 to, | ||
| but not including, the | ||
| Settlement Date. | ||
| Total Price to Public | ||
| (including accrued | ||
| interest): | 101.160% | 101.168% |
| Optional Redemption: | On or after June 1, 2013, | |
| the Notes will be | ||
| redeemable at the Issuers | ||
| option, at any time in | ||
| whole or from time to time | ||
| in part at a redemption | ||
| price equal to (A) the | ||
| greater of (i) 100% of the | ||
| principal amount of the | ||
| Notes being redeemed; and | ||
| (ii) the sum of the present | ||
| values of the remaining | ||
| scheduled payments of | ||
| principal and interest | ||
| thereon (not including any | ||
| portion of such payments of | ||
| interest accrued as of the | ||
| date of redemption), | ||
| discounted to the date of | ||
| redemption on a semi-annual | ||
| basis (assuming a 360-day | ||
| year consisting of twelve | ||
| 30-day months) at the | ||
| Treasury Rate, plus 15 | ||
| basis points, plus (B) | ||
| accrued and unpaid interest | ||
| on the Notes to the | ||
| redemption date. | On or after June 1, 2013, | |
| the Debentures will be | ||
| redeemable at the Issuers | ||
| option, at any time in | ||
| whole or from time to time | ||
| in part at a redemption | ||
| price equal to (A) the | ||
| greater of (i) 100% of the | ||
| principal amount of the | ||
| Debentures being redeemed; | ||
| and (ii) the sum of the | ||
| present values of the | ||
| remaining scheduled | ||
| payments of principal and | ||
| interest thereon (not | ||
| including any portion of | ||
| such payments of interest | ||
| accrued as of the date of | ||
| redemption), discounted to | ||
| the date of redemption on a | ||
| semi-annual basis (assuming | ||
| a 360-day year consisting | ||
| of twelve 30-day months) at | ||
| the Treasury Rate, plus 20 | ||
| basis points, plus (B) | ||
| accrued and unpaid interest | ||
| on the Debentures to the | ||
| redemption date. | ||
| CUSIP: | 039483 BB7 | 039483 BC5 |
| ISIN: | US039483BB75 | US039483BC58 |
**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 registration statements (including prospectuses) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectuses in those registration statements 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 remarketing agent or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling Citigroup Global Markets Inc. toll-free at 1-877-858-5407 or e-mail [email protected] ; or J.P. Morgan Securities LLC (collect) at 212-834-4533; or Merrill Lynch, Pierce, Fenner & Smith Incorporated toll-free at 1-800-294-1322 or e-mail [email protected] .
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