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CLOROX CO /DE/ — Capital/Financing Update 2009
Nov 4, 2009
30403_rns_2009-11-04_0090e58f-ab50-459e-bdaf-f9476a0ae8a1.zip
Capital/Financing Update
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FWP 1 clorox_fwp.htm FILING UNDER SECURITIES ACT RULES 163/433 OF FREE WRITING PROSPECTUSES
Filed Pursuant to Rule 433 Registration Statement No. 333-146472 November 4, 2009
THE CLOROX COMPANY 3.55% SENIOR NOTES DUE 2015
| Pricing Term Sheet | |
|---|---|
| Issuer: | The Clorox |
| Company | |
| Principal | |
| Amount: | $300,000,000 |
| Security | |
| Type: | Senior |
| Notes | |
| Legal | |
| Format: | SEC |
| Registered | |
| Trade | |
| Date: | November 4, |
| 2009 | |
| Settlement | |
| Date: | November 9, 2009 |
| (T+3) | |
| Maturity | |
| Date: | November 1, |
| 2015 | |
| Issue | |
| Price: | 99.830% |
| Coupon: | 3.55% |
| Yield: | 3.582% |
| Benchmark | |
| Treasury: | 2.375% due |
| October 31, 2014 | |
| Benchmark | |
| Treasury Price: | 99-31 |
| Benchmark | |
| Treasury Yield: | 2.382% |
| Spread to | |
| Benchmark Treasury: | +120 basis |
| points | |
| Interest | |
| Payment Dates: | November 1 and |
| May 1, commencing on May 1, 2010 | |
| Make-whole | |
| Call: | T+20 basis |
| points | |
| CUSIP: | 189054AR0 |
| Joint | |
| Book-Running Managers: | Citigroup Global |
| Markets Inc. | |
| J.P. Morgan | |
| Securities Inc. | |
| Wells Fargo | |
| Securities, LLC | |
| Senior | |
| Co-Managers: | BNP Paribas |
| Securities Corp. | |
| Goldman, Sachs & | |
| Co. | |
| Mitsubishi UFJ | |
| Securities (USA), Inc. | |
| Co-Managers: | PNC Capital |
| Markets LLC | |
| The Williams | |
| Capital Group, L.P. | |
| Fifth Third | |
| Securities, Inc. | |
| Blaylock Robert | |
| Van, LLC | |
| Ratings: | Baa2 (stable) |
| (Moodys) | |
| BBB+ (stable) | |
| (S&P) | |
| BBB (stable) | |
| (Fitch) | |
| The securities ratings | |
| are made by the rating agencies and not the issuer or underwriters and a | |
| securities rating is not a recommendation by the rating agency, the | |
| issuer, or the underwriters 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 U.S. Securities and Exchange Commission (SEC) for this offering to which this communication relates. Before you invest, you should read the prospectus for this offering 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 searching the SEC online database (EDGAR®) at www.sec.gov . Alternatively, you may obtain a copy of the prospectus from Citigroup Global Markets Inc. by calling 1- 877-858-5407, J.P. Morgan Securities Inc. by calling collect at 1-212-834-4533 or Wells Fargo Securities, LLC by calling 1-800-326-5897.