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CNA FINANCIAL CORP — Capital/Financing Update 2011
Feb 9, 2011
30494_rns_2011-02-09_3915e1c0-c335-4c91-912b-bb21e6714403.zip
Capital/Financing Update
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Filed Pursuant to Rule 433 Registration Statement No. 333-166058 Dated February 9, 2011
CNA Financial Corporation $400,000,000 5.75% NOTES DUE 2021
| Issuer: | CNA Financial Corporation |
|---|---|
| Format: | SEC Registered |
| Securities: | 5.75% Notes due 2021 |
| Security Type: | Senior Unsecured Fixed Rate Notes |
| Expected Ratings (Moodys/S&P/Fitch):* | Baa3 / BBB- / BBB- |
| Trade Date: | February 9, 2011 |
| Settlement Date: | February 14, 2011 (T + 3) |
| Maturity Date: | August 15, 2021 |
| Interest Payment Dates: | Semi-annually on the 15th of each |
| February and August, commencing on August | |
| 15th, 2011 | |
| Principal Amount: | $400,000,000 |
| Treasury Benchmark: | 2.625% due November 15, 2020 |
| Treasury Benchmark Yield: | 3.648% |
| Spread to Treasury | |
| Benchmark: | 215 basis points |
| Yield to Maturity: | 5.798% |
| Coupon: | 5.75% |
| Price to Public: | 99.626% of principal amount |
| Optional Redemption: | Make-whole redemption at any time at a discount |
| rate of US Treasury + 35 bps | |
| CUSIP / ISIN: | 126117AR1/ US126117AR10 |
| Book-Running Managers: | J.P. Morgan Securities LLC |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | |
| Wells Fargo Securities, LLC | |
| Co-Managers: | The Williams Capital Group, L.P. |
| U.S. Bancorp Investment, Inc. | |
| PNC Capital Markets LLC |
- 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 Book-Running Managers in the offering will arrange to send you the prospectus if you request it by contacting J.P. Morgan Securities LLC collect at 212-834-4533, Merrill Lynch, Pierce, Fenner & Smith Incorporated toll-free at 1-800-294-1322, or Wells Fargo Securities, LLC at 1-800-326-5897.
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