Archer-Daniels-Midland Co

Regulatory Filings • Sep 5, 2018

FWP 1 d607723dfwp.htm FWP FWP

Filed Pursuant to Rule 433

Registration No. 333-219723

Supplementing the Preliminary Prospectus

Supplement dated September 5, 2018

(To Prospectus dated August 4, 2017)

€650,000,000

Archer-Daniels-Midland Company

1.000% Notes due 2025

Final Term Sheet

September 5, 2018

Issuer:	Archer-Daniels-Midland Company
Format:	SEC Registered
Ranking:	Senior, Unsecured
Expected Ratings:*	A2 / A / A (Moody’s / S&P / Fitch)
Principal Amount:	€650,000,000
Trade Date:	September 5, 2018
Settlement Date:	September 12, 2018 (T+5)
Maturity Date:	September 12, 2025
Coupon (Interest Rate):	1.000%
Price to Public:	99.524%
Yield to Maturity:	1.071%
Spread to Benchmark Bund:	+103.800 bps
Benchmark Bund:	DBR 1.000% due August 15, 2025
Benchmark Bund Price and Yield:	106.700; 0.033%
Spread to Mid Swaps:	+50 bps
Mid Swaps Yield:	0.571%
Interest Payment Dates:	Annually on September 12, commencing September 12, 2019
Day Count Convention:	Actual/Actual (ICMA), Following, Unadjusted
Payment Business Days:	New York, London and TARGET2
Payment of Additional Amounts:	Yes, subject to the customary exceptions described in the Preliminary Prospectus Supplement
Redemption for Tax Reasons:	Yes, as described in the Preliminary Prospectus Supplement
Make-Whole Call:	The Issuer may redeem all or part of the notes at any time or from time to time prior to June 12, 2025 (three months prior to the maturity date of the notes, the “Par Call Date”), at its option, at a redemption price
equal to the greater of (1) 100% of the principal amount of the notes being redeemed and (2) the sum of the present values of the remaining scheduled payments of principal and interest that would have been payable if the notes being redeemed matured
on the Par Call Date (excluding interest accrued to the redemption date), determined by discounting to the redemption date on an annual basis (ACTUAL/ACTUAL (ICMA)) at the applicable Comparable Government Bond Rate plus 15 basis points, plus, in
each case, accrued and unpaid interest on the notes being redeemed to, but excluding, the redemption date.

• 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.

| Par Call: | The Issuer may redeem all or part of the notes at any time or from time to time on and after the Par Call Date, at its option, at a redemption price equal to 100% of the principal amount of the notes being redeemed, plus accrued and
unpaid interest on the notes being redeemed to, but excluding, the redemption date. |
| --- | --- |
| Change of Control Repurchase: | Yes, as described in the Preliminary Prospectus Supplement |
| Aggregate Gross Proceeds to Issuer, before expenses: | €646,906,000 |
| Aggregate Net Proceeds to Issuer, before expenses: | €644,306,000 |
| Listing: | The Issuer intends to apply to list the notes on the New York Stock Exchange |
| Denominations: | €100,000 and integral multiples of €1,000 in excess thereof |
| ISIN / Common Code: | XS1877836079 / 187783607 |
| Paying Agent: | The Bank of New York, London Branch |
| Joint Book-Running Managers: | Barclays Bank PLC |
| | BNP Paribas |
| | MUFG Securities EMEA plc |
| | Citigroup Global Markets Limited |
| | J.P. Morgan Securities plc |
| Co-Managers: | Deutsche Bank AG, London Branch |
| | Merrill Lynch International |
| Stabilization: | Stabilization/FCA |

The Issuer has filed a registration statement (including a prospectus, Registration Statement No. 333-219723) 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 Bank PLC by telephone toll-free at 1-888-603-5847; BNP Paribas by telephone toll-free at 1-800-854-5674; or MUFG Securities EMEA plc by telephone toll-free at 1-877-649-6848.

MiFID II professionals / ECPs-only / No PRIIPs KID – Manufacturer target market (MiFID II product governance) is eligible counterparties and professional clients only (all distribution channels). No PRIIPs key information document (KID) has been prepared as not available to retail in EEA.

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