CLOROX CO /DE/ — Capital/Financing Update 2012

Sep 10, 2012

FWP 1 clorox_fwp.htm FILING UNDER SECURITIES ACT RULES 163/433 OF FREE WRITING PROSPECTUSES

Filed Pursuant to Rule 433 Registration Statement No. 333-177931 September 10, 2012

THE CLOROX COMPANY 3.050% SENIOR NOTES DUE 2022

Pricing Term Sheet

Issuer:	The Clorox Company
Principal
Amount:	$600,000,000
Security
Type:	Senior Notes
Legal
Format:	SEC Registered
Trade
Date:	September 10, 2012
Settlement
Date:	September 13, 2012 (T+3)
Maturity
Date:	September 15, 2022
Public
Offering Price:	99.683%
Coupon:	3.050%
Yield to
Maturity:	3.087%
Benchmark
Treasury:	1.625% due August 15,
2022
Benchmark
Treasury Price / Yield:	99-14 / 1.687%
Spread to
Benchmark Treasury:	+140 basis points
Interest
Payment Dates:	March 15 and September 15, commencing
on March 15, 2013
Make-Whole
Call:	T+25 basis points prior to June 15,
2022 (the date that is three months prior to the maturity date of the
notes)
Par
Call:	On or after June 15, 2022 (the date
that is three months prior to the maturity date of the notes), we may
redeem all or any portion of the notes at our option at any time at a
redemption price equal to 100% of the principal amount of the notes being
redeemed plus accrued and unpaid interest to, but excluding, the date of
redemption.
CUSIP/ISIN:	189054 AT6 /
US189054AT60
Joint
Book-Running Managers:	BNP Paribas Securities
Corp.
	Citigroup Global Markets
Inc.
	Mitsubishi UFJ Securities (USA),
Inc.
	Wells Fargo Securities,
LLC
Joint Lead
Managers:	Goldman, Sachs & Co.
	J.P. Morgan Securities
LLC
	Morgan Stanley & Co.
LLC
	RBC Capital Markets, LLC
Co-Managers:	Blaylock Robert Van, LLC
	Fifth Third Securities,
Inc.
	PNC Capital Markets LLC
	Scotia Capital (USA) Inc. The
Williams Capital Group, L.P.
Ratings:	Baa1 (stable) (Moody’s)
	BBB+ (negative)
(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 preliminary prospectus supplement and 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 searching the SEC online database (EDGAR®) at www.sec.gov . Alternatively, you may obtain a copy of the prospectus supplement and prospectus from BNP Paribas Securities Corp. by calling 1-800-854-5674, Citigroup Global Markets Inc. by calling 1- 877-858-5407, Mitsubishi UFJ Securities (USA), Inc. by calling 1-877-649-6848 or Wells Fargo Securities, LLC by calling 1-800-326-5897.