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BOEING CO — Capital/Financing Update 2018
Oct 29, 2018
14815_rns_2018-10-29_db1e504b-29d6-4ea4-9f75-98c16e6f1e84.zip
Capital/Financing Update
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Filed Pursuant to Rule 433 under the Securities Act of 1933
Registration Statement No. 333-219630
Issuer Free Writing Prospectus, dated October 29, 2018
The Boeing Company
Final Term Sheet
$350,000,000 3.450% Senior Notes due 2028
Summary of Final Terms
Dated October 29, 2018
| Issuer | The Boeing Company |
|---|---|
| Principal Amount | $350,000,000 |
| Trade Date | October 29, 2018 |
| Settlement Date (T+2) | October 31, 2018 |
| Maturity Date | November 1, 2028 |
| Treasury Benchmark | 2.875% due August 15, 2028 |
| Treasury Price / Yield | 98-09+ / 3.077% |
| Spread to Treasury | +67 bps |
| Reoffer Yield | 3.747% |
| Price to Public 1 | 97.541% |
| Gross Fee Spread | 0.450% |
| Coupon (Interest Rate) | 3.450% |
| Interest Payment Dates | May 1 and November 1 |
| First Interest Payment Date | May 1, 2019 |
| Call Provision | MWC @ T+10 bps at any time prior to August 1, 2028 (three months prior to maturity); par call at any time on or after August 1, 2028 |
| CUSIP / ISIN | 097023CA1 / US097023CA13 |
| Joint Book-Running Managers | Morgan Stanley & Co. LLC Merrill |
| Lynch, Pierce, Fenner & Smith Incorporated Wells Fargo Securities, LLC Mizuho Securities USA LLC MUFG Securities Americas Inc. SMBC Nikko Securities America, | |
| Inc. | |
| Senior Co-Managers | Barclays Capital Inc. BBVA Securities Inc. BNP Paribas Securities Corp. Citigroup Global Markets Inc. Commerz Markets LLC Credit Agricole Securities (USA) Inc. Credit Suisse Securities (USA) LLC Deutsche Bank Securities |
| Inc. Goldman Sachs & Co. LLC ICBC Standard Bank Plc 2 J.P. Morgan Securities LLC |
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| | Lloyds Securities Inc. RBC Capital Markets,
LLC Santander Investment Securities Inc. SG Americas
Securities, LLC SunTrust Robinson Humphrey, Inc. U.S. Bancorp
Investments, Inc. |
| --- | --- |
| Co-Managers | ANZ Securities, Inc. BNY Mellon Capital
Markets, LLC Standard Chartered Bank Westpac Capital Markets
LLC |
| Junior Co-Managers | Academy Securities Inc. Apto Partners, LLC Loop Capital Markets LLC MFR Securities, Inc. Penserra Securities LLC R. Seelaus & Co., Inc. Telsey Advisory Group LLC The Williams Capital Group, L.P. Tribal Capital Markets, LLC |
Notes:
1 Plus accrued interest, if any, from October 31, 2018.
2 ICBC Standard Bank Plc is restricted in its U.S. securities dealings under the United States Bank Holding Company Act and may not underwrite, subscribe, agree to purchase or procure purchasers to purchase notes that are offered or sold in the United States. Accordingly, ICBC Standard Bank Plc shall not be obligated to, and shall not, underwrite, subscribe, agree to purchase or procure purchasers to purchase notes that may be offered or sold by other underwriters in the United States. ICBC Standard Bank Plc shall offer and sell the notes constituting part of its allotment solely outside the United States.
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 Morgan Stanley & Co. LLC toll-free at 1-866-718-1649, Merrill Lynch, Pierce, Fenner & Smith Incorporated toll-free at 1-800-294-1322 or Wells Fargo Securities, LLC toll-free at 1-800-645-3751.
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$350,000,000 3.850% Senior Notes due 2048
Summary of Final Terms
Dated October 29, 2018
| Issuer | The Boeing Company |
|---|---|
| Principal Amount | $350,000,000 |
| Trade Date | October 29, 2018 |
| Settlement Date (T+2) | October 31, 2018 |
| Maturity Date | November 1, 2048 |
| Treasury Benchmark | 3.125% due May 15, 2048 |
| Treasury Price / Yield | 96-08 / 3.325% |
| Spread to Treasury | +92 bps |
| Reoffer Yield | 4.245% |
| Price to Public 1 | 93.333% |
| Gross Fee Spread | 0.875% |
| Coupon (Interest Rate) | 3.850% |
| Interest Payment Dates | May 1 and November 1 |
| First Interest Payment Date | May 1, 2019 |
| Call Provision | MWC @ T+15 bps at any time prior to May 1, 2048 (six months prior to maturity); par call at any time on or after May 1, 2048 |
| CUSIP / ISIN | 097023CB9 / US097023CB95 |
| Joint Book-Running Managers | Morgan Stanley & Co. LLC Citigroup |
| Global Markets Inc. J.P. Morgan Securities LLC Credit Suisse | |
| Securities (USA) LLC Deutsche Bank Securities Inc. Goldman | |
| Sachs & Co. LLC | |
| Senior Co-Managers | Barclays Capital Inc. BBVA Securities Inc. BNP Paribas Securities Corp. Commerz Markets LLC Credit Agricole Securities (USA) Inc. ICBC Standard Bank Plc 2 Lloyds Securities Inc. Merrill Lynch, Pierce, Fenner & Smith Incorporated Mizuho Securities USA LLC MUFG Securities Americas Inc. RBC Capital Markets, LLC Santander Investment Securities Inc. SG Americas Securities, LLC |
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| | SMBC Nikko Securities America, Inc. SunTrust
Robinson Humphrey, Inc. U.S. Bancorp Investments, Inc. Wells
Fargo Securities, LLC |
| --- | --- |
| Co-Managers | ANZ Securities, Inc. BNY Mellon Capital
Markets, LLC Standard Chartered Bank Westpac Capital Markets
LLC |
| Junior Co-Managers | Academy Securities Inc. Loop Capital Markets
LLC Drexel Hamilton, LLC Mischler Financial Group, Inc. Multi-Bank Securities, Inc. Penserra Securities LLC Samuel A. Ramirez & Company, Inc. Telsey Advisory Group
LLC The Williams Capital Group, L.P. |
Notes:
1 Plus accrued interest, if any, from October 31, 2018.
2 ICBC Standard Bank Plc is restricted in its U.S. securities dealings under the United States Bank Holding Company Act and may not underwrite, subscribe, agree to purchase or procure purchasers to purchase notes that are offered or sold in the United States. Accordingly, ICBC Standard Bank Plc shall not be obligated to, and shall not, underwrite, subscribe, agree to purchase or procure purchasers to purchase notes that may be offered or sold by other underwriters in the United States. ICBC Standard Bank Plc shall offer and sell the notes constituting part of its allotment solely outside the United States.
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 Morgan Stanley & Co. LLC toll-free at 1-866-718-1649, Citigroup Global Markets Inc. toll-free at 1-800-831-9146 or J.P. Morgan Securities LLC collect at 1-212-834-4533.
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