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CISCO SYSTEMS, INC. — Capital/Financing Update 2016
Feb 23, 2016
29763_rns_2016-02-23_01df8c29-e36e-4eb6-ad80-f5e7e32daa80.zip
Capital/Financing Update
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Filed pursuant to Rule 433
Registration No. 333-194090
Issuer Free Writing Prospectus dated February 22, 2016
Relating to Preliminary Prospectus Supplement dated February 22, 2016
PRICING TERM SHEET
Floating Rate Notes due February 21, 2018
| Issuer: | Cisco Systems, Inc. |
|---|---|
| Ticker: | CSCO |
| Expected Ratings (Moodys / S&P)*: | A1/AA- |
| Security Type: | SEC Registered |
| Principal Amount: | $1,000,000,000 |
| Maturity Date: | February 21, 2018 |
| Coupon: | Three-month LIBOR + 60 bps |
| Public Offering Price: | 100.000% of the Principal Amount |
| Denominations: | $2,000 and any multiple of $1,000 above that amount |
| CUSIP/ISIN: | 17275R AZ5 / US17275RAZ55 |
| Trade Date: | February 22, 2016 |
| Settlement Date**: | February 29, 2016 (T+5) |
| Interest Payment Dates: | February 21, May 21, August 21 and November 21, commencing on May 21, 2016 |
| Joint Book-Running Managers: | Barclays Capital Inc. J.P. Morgan Securities |
| LLC Merrill Lynch, Pierce, Fenner & Smith Incorporated Wells Fargo Securities, LLC BNP Paribas Securities Corp. HSBC Securities (USA) Inc. | |
| Senior Co-Managers: | BB&T Capital Markets, a division of BB&T Securities, LLC Citigroup Global Markets Inc. Credit Suisse Securities (USA) |
| LLC Deutsche Bank Securities Inc. Goldman, Sachs & | |
| Co. Lloyds Securities Inc. Morgan Stanley & Co. LLC RBC Capital Markets, LLC | |
| Co-Manager: | Mischler Financial Group, Inc. |
1.400% Senior Notes due 2018
| Issuer: | Cisco Systems, Inc. |
|---|---|
| Ticker: | CSCO |
| Expected Ratings (Moodys / S&P)*: | A1/AA- |
| Security Type: | SEC Registered |
| Principal Amount: | $1,250,000,000 |
| Maturity Date: | February 28, 2018 |
| Coupon: | 1.400% |
| Public Offering Price: | 100.000% of the Principal Amount |
| Benchmark Treasury: | 0.750% due January 31, 2018 |
| Benchmark Treasury Price / Yield: | 100-00 / 0.750% |
| Spread to Benchmark Treasury: | + 65 bps |
| Yield to Maturity: | 1.400% |
| Denominations: | $2,000 and any multiple of $1,000 above that amount |
|---|---|
| CUSIP/ISIN: | 17275R BA9 / US17275RBA95 |
| Trade Date: | February 22, 2016 |
| Settlement Date**: | February 29, 2016 (T+5) |
| Interest Payment Dates: | February 28 and August 28 commencing on August 28, 2016 |
| Make-Whole: | T+ 10 bps |
| Joint Book-Running Managers: | Barclays Capital Inc. J.P. Morgan Securities |
| LLC Merrill Lynch, Pierce, Fenner & Smith Incorporated Wells Fargo Securities, LLC BNP Paribas Securities Corp. HSBC Securities (USA) Inc. | |
| Senior Co-Managers: | BB&T Capital Markets, a division of BB&T Securities, LLC Citigroup Global Markets Inc. Credit Suisse Securities (USA) |
| LLC Deutsche Bank Securities Inc. Goldman, Sachs & | |
| Co. Lloyds Securities Inc. Morgan Stanley & Co. LLC RBC Capital Markets, LLC | |
| Co-Manager: | Mischler Financial Group, Inc. |
1.600% Senior Notes due 2019
| Issuer: | Cisco Systems, Inc. |
|---|---|
| Ticker: | CSCO |
| Expected Ratings (Moodys / S&P)*: | A1/AA- |
| Security Type: | SEC Registered |
| Principal Amount: | $1,000,000,000 |
| Maturity Date: | February 28, 2019 |
| Coupon: | 1.600% |
| Public Offering Price: | 99.971% of the Principal Amount |
| Benchmark Treasury: | 0.750% due February 15, 2019 |
| Benchmark Treasury Price / Yield: | 99-17 / 0.910% |
| Spread to Benchmark Treasury: | + 70 bps |
| Yield to Maturity: | 1.610% |
| Denominations: | $2,000 and any multiple of $1,000 above that amount |
| CUSIP/ISIN: | 17275R BB7 / US17275RBB78 |
| Trade Date: | February 22, 2016 |
| Settlement Date**: | February 29, 2016 (T+5) |
| Interest Payment Dates: | February 28 and August 28, commencing on August 28, 2016 |
| Make-Whole: | T+ 12.5 bps |
| Joint Book-Running Managers: | Barclays Capital Inc. J.P. Morgan Securities |
| LLC Merrill Lynch, Pierce, Fenner & Smith Incorporated Wells Fargo Securities, LLC BNP Paribas Securities Corp. HSBC Securities (USA) Inc. | |
| Senior Co-Managers: | BB&T Capital Markets, a division of BB&T Securities, LLC Citigroup Global Markets Inc. Credit Suisse Securities (USA) |
| LLC Deutsche Bank Securities Inc. Goldman, Sachs & | |
| Co. Lloyds Securities Inc. Morgan Stanley & Co. LLC RBC Capital Markets, LLC | |
| Co-Manager: | Mischler Financial Group, Inc. |
2.200% Senior Notes due 2021
| Issuer: | Cisco Systems, Inc. |
|---|---|
| Ticker: | CSCO |
| Expected Ratings (Moodys / S&P)*: | A1/AA- |
| Security Type: | SEC Registered |
| Principal Amount: | $2,500,000,000 |
| Maturity Date: | February 28, 2021 |
| Coupon: | 2.200% |
| Public Offering Price: | 99.808% of the Principal Amount |
| Benchmark Treasury: | 1.375% due January 31, 2021 |
| Benchmark Treasury Price / Yield: | 100-20+ / 1.241% |
| Spread to Benchmark Treasury: | + 100 bps |
| Yield to Maturity: | 2.241% |
| Denominations: | $2,000 and any multiple of $1,000 above that amount |
| CUSIP/ISIN: | 17275R BD3 / US17275RBD35 |
| Trade Date: | February 22, 2016 |
| Settlement Date**: | February 29, 2016 (T+5) |
| Interest Payment Dates: | February 28 and August 28, commencing on August 28, 2016 |
| Make-Whole: | T+ 15 bps |
| Joint Book-Running Managers: | Barclays Capital Inc. J.P. Morgan Securities |
| LLC Merrill Lynch, Pierce, Fenner & Smith Incorporated Wells Fargo Securities, LLC BNP Paribas Securities Corp. HSBC Securities (USA) Inc. | |
| Senior Co-Managers: | BB&T Capital Markets, a division of BB&T Securities, LLC Citigroup Global Markets Inc. Credit Suisse Securities (USA) |
| LLC Deutsche Bank Securities Inc. Goldman, Sachs & | |
| Co. Lloyds Securities Inc. Morgan Stanley & Co. LLC RBC Capital Markets, LLC | |
| Co-Manager: | Mischler Financial Group, Inc. |
2.600% Senior Notes due 2023
| Issuer: | Cisco Systems, Inc. |
|---|---|
| Ticker: | CSCO |
| Expected Ratings (Moodys / S&P)*: | A1/AA- |
| Security Type: | SEC Registered |
| Principal Amount: | $500,000,000 |
| Maturity Date: | February 28, 2023 |
| Coupon: | 2.600% |
| Public Offering Price: | 99.836% of the Principal Amount |
| Benchmark Treasury: | 1.750% due January 31, 2023 |
| Benchmark Treasury Price / Yield: | 101-15 / 1.526% |
| Spread to Benchmark Treasury: | + 110 bps |
| Yield to Maturity: | 2.626% |
| Denominations: | $2,000 and any multiple of $1,000 above that amount |
| CUSIP/ISIN: | 17275R BE1 / US17275RBE18 |
| Trade Date: | February 22, 2016 |
| Settlement Date**: | February 29, 2016 (T+5) |
| Interest Payment Dates: | February 28 and August 28, commencing on August 28, 2016 |
| Make-Whole: | T+ 20 bps |
| Joint Book-Running Managers: | Barclays Capital Inc. J.P. Morgan Securities
LLC Merrill Lynch, Pierce, Fenner & Smith Incorporated Wells Fargo Securities, LLC BNP Paribas Securities Corp. HSBC Securities (USA) Inc. |
| --- | --- |
| Senior Co-Managers: | BB&T Capital Markets, a division of BB&T Securities, LLC Citigroup Global Markets Inc. Credit Suisse Securities (USA)
LLC Deutsche Bank Securities Inc. Goldman, Sachs &
Co. Lloyds Securities Inc. Morgan Stanley & Co. LLC RBC Capital Markets, LLC |
| Co-Manager: | Mischler Financial Group, Inc. |
2.950% Senior Notes due 2026
| Issuer: | Cisco Systems, Inc. |
|---|---|
| Ticker: | CSCO |
| Expected Ratings (Moodys / S&P)*: | A1/AA- |
| Security Type: | SEC Registered |
| Principal Amount: | $750,000,000 |
| Maturity Date: | February 28, 2026 |
| Coupon: | 2.950% |
| Public Offering Price: | 99.924% of the Principal Amount |
| Benchmark Treasury: | 1.625% due February 15, 2026 |
| Benchmark Treasury Price / Yield: | 98-25 / 1.759% |
| Spread to Benchmark Treasury: | + 120 bps |
| Yield to Maturity: | 2.959% |
| Denominations: | $2,000 and any multiple of $1,000 above that amount |
| CUSIP/ISIN: | 17275RBC5 / US17275RBC51 |
| Trade Date: | February 22, 2016 |
| Settlement Date**: | February 29, 2016 (T+5) |
| Interest Payment Dates: | February 28 and August 28, commencing on August 28, 2016 |
| Make-Whole: | T+ 25 bps |
| Joint Book-Running Managers: | Barclays Capital Inc. J.P. Morgan Securities |
| LLC Merrill Lynch, Pierce, Fenner & Smith Incorporated Wells Fargo Securities, LLC BNP Paribas Securities Corp. HSBC Securities (USA) Inc. | |
| Senior Co-Managers: | BB&T Capital Markets, a division of BB&T Securities, LLC Citigroup Global Markets Inc. Credit Suisse Securities (USA) |
| LLC Deutsche Bank Securities Inc. Goldman, Sachs & | |
| Co. Lloyds Securities Inc. Morgan Stanley & Co. LLC RBC Capital Markets, LLC | |
| Co-Manager: | Mischler Financial Group, Inc. |
- 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.
** Under Rule 15c6-1 of the Exchange Act, trades in the secondary market are required to settle in three business days, unless the parties to a trade expressly agree otherwise. Accordingly, purchasers who wish to trade notes on the date of pricing or the next succeeding business day will be required, by virtue of the fact that the notes initially will settle in T+5, to specify alternative settlement arrangements to prevent a failed settlement.
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 (i) Barclays Capital Inc. toll free at 1-888-603-5847, (ii) J.P. Morgan Securities LLC collect at 1-212-834-4533, (iii) Merrill Lynch, Pierce, Fenner & Smith Incorporated toll free at 1-800-294-1322, and (v) Wells Fargo Securities, LLC toll free at 1-800-645-3751.