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CAMPBELL'S Co — Capital/Financing Update 2012
Jul 30, 2012
30654_rns_2012-07-31_18f09dd7-974e-499d-9b8d-d3eb229d68db.zip
Capital/Financing Update
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FWP 1 d382712dfwp.htm ISSUER FREE WRITING PROSPECTUS Issuer Free Writing Prospectus
Issuer Free Writing Prospectus
Filed Pursuant to Rule 433
Registration No. 333-178119
Campbell Soup Company
July 30, 2012
T ERM S HEET
Floating Rate Notes due 2014
| Issuer: | Campbell Soup Company |
|---|---|
| Issue Ratings: | A2 (Moodys) / BBB+ (S&P) / A- (Fitch) |
| Principal Amount: | $400,000,000 |
| Security Type: | SEC Registered Senior Unsecured Notes |
| Maturity: | August 1, 2014 |
| Interest Rate: | 3-month U.S. dollar LIBOR plus 0.30% |
| Spread to LIBOR: | +30 bps |
| Designated LIBOR page: | Reuters Page LIBOR01 |
| Initial Interest Rate: | 3-month U.S. dollar LIBOR plus 0.30%, as determined on July 31, 2012 |
| Public Offering Price: | 100.000% |
| Interest Payment Dates: | The 1 st day of each February, May, August and November |
| First Interest Payment Date: | November 1, 2012 |
| Interest Reset Dates: | February 1, May 1, August 1, and November 1 |
| Settlement: | T+3 (August 2, 2012) |
| Special Redemption: | At 101%, if Campbell Soup Companys acquisition of BF Bolthouse Holdco LLC has not closed by January 29, 2013, or such earlier date as the |
| merger agreement is terminated | |
| Day Count: | Actual/360 |
| CUSIP / ISIN: | 134429 AX7/ US134429AX76 |
| Joint Book-Running Managers: | Morgan Stanley & Co. LLC Barclays Capital Inc. J.P. Morgan Securities |
| LLC BNP Paribas Securities Corp. | |
| 2.500% Notes due 2022 | |
| Issuer: | Campbell Soup Company |
| Issue Ratings: | A2 (Moodys) / BBB+ (S&P) / A- (Fitch) |
| Principal Amount: | $450,000,000 |
| Security Type: | SEC Registered Senior Unsecured Notes |
| Maturity: | August 2, 2022 |
| Coupon: | 2.500% |
| Public Offering Price: | 99.342% |
| Yield to Maturity: | 2.575% |
| Spread to Benchmark Treasury: | +108 bps |
| Benchmark Treasury: | 1.750% due May 15, 2022 |
| Treasury Yield: | 1.495% |
| Coupon Dates: | The 2 nd day of each February and August |
| First Coupon: | February 2, 2013 |
| Settlement: | T+3 (August 2, 2012) |
|---|---|
| Optional Redemption: | Make-Whole Call at Adjusted Treasury Rate +20 bps |
| Day Count: | 30/360 |
| CUSIP / ISIN: | 134429 AY5/ US134429AY59 |
| Joint Book-Running Managers: | Morgan Stanley & Co. LLC Barclays Capital Inc. J.P. Morgan Securities |
| LLC BNP Paribas Securities Corp. | |
| 3.800% Notes due 2042 | |
| Issuer: | Campbell Soup Company |
| Issue Ratings: | A2 (Moodys) / BBB+ (S&P) / A- (Fitch) |
| Principal Amount: | $400,000,000 |
| Security Type: | SEC Registered Senior Unsecured Notes |
| Maturity: | August 2, 2042 |
| Coupon: | 3.800% |
| Public Offering Price: | 99.185% |
| Yield to Maturity: | 3.846% |
| Spread to Benchmark Treasury: | +128 bps |
| Benchmark Treasury: | 3.125% due February 15, 2042 |
| Treasury Yield: | 2.566% |
| Coupon Dates: | The 2 nd day of each February and August |
| First Coupon: | February 2, 2013 |
| Settlement: | T+3 (August 2, 2012) |
| Optional Redemption: | Make-Whole Call at Adjusted Treasury Rate +20 bps |
| Special Redemption: | At 101%, if Campbell Soup Companys acquisition of BF Bolthouse Holdco LLC has not closed by January 29, 2013, or such earlier date as the |
| merger agreement is terminated | |
| Day Count: | 30/360 |
| CUSIP / ISIN: | 134429 AZ2/ US134429AZ25 |
| Joint Book-Running Managers: | Morgan Stanley & Co. LLC Barclays Capital Inc. J.P. Morgan Securities |
| LLC BNP Paribas Securities Corp. | |
| 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 Morgan Stanley & Co. LLC toll free at 1-866-718-1649, Barclays Capital Inc. toll free at 1-888-603-5847 or by emailing [email protected], J.P. Morgan Securities LLC collect at 1-212-834-4533, or BNP Paribas Securities Corp. toll free at 1-800-854-5674.
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