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INTEL CORP — Capital/Financing Update 2015
Jul 23, 2015
29808_rns_2015-07-23_ecb291c8-f412-4798-bfb4-0a3c053efe47.zip
Capital/Financing Update
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FWP 1 a15-13514_6fwp.htm FWP
Filed pursuant to Rule 433
Registration No. 333-185253
Issuer Free Writing Prospectus dated July 22, 2015
Relating to Preliminary Prospectus Supplement dated July 22, 2015
Term Sheet
July 22, 2015
| Issuer: | Intel Corporation |
|---|---|
| Anticipated Ratings: | A1 (Moodys)/A+ (S&P)/A+ (Fitch) |
| Security Type: | SEC Registered |
| Trade Date: | July 22, 2015 |
| Expected Settlement Date: | July 29, 2015 (T+5) |
2.450% Senior Notes due 20 20
| Size: | $1,750,000,000 |
|---|---|
| Maturity Date: | July 29, 2020 |
| Coupon: | 2.450% |
| Interest Payment Dates: | January 29 and July 29, commencing on January 29, 2016 |
| Price to Public: | 99.906% |
| Benchmark Treasury: | UST 1.675% due June 30, 2020 |
| Benchmark Treasury Yield: | 1.670% |
| Spread to Benchmark Treasury: | +80 bps |
| Yield: | 2.470% |
| Make-Whole Call: | T+15 bps |
| CUSIP/ISIN: | 458140 AQ3 / US458140AQ35 |
3.100% Senior Notes due 2022
| Size: | $1,000,000,000 |
|---|---|
| Maturity Date: | July 29, 2022 |
| Coupon: | 3.100% |
| Interest Payment Dates: | January 29 and July 29, commencing on January 29, 2016 |
| Price to Public: | 99.956% |
| Benchmark Treasury: | UST 2.125% due June 30, 2022 |
| Benchmark Treasury Yield: | 2.057% |
| Spread to Benchmark Treasury: | +105 bps |
| Yield: | 3.107% |
| Make-Whole Call: | T+20 bps |
| CUSIP/ISIN: | 458140 AR1 / US458140AR18 |
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3.700% Senior Notes due 2025
| Size: | $2,250,000,000 |
|---|---|
| Maturity Date: | July 29, 2025 |
| Coupon: | 3.700% |
| Interest Payment Dates: | January 29 and July 29, commencing on January 29, 2016 |
| Price to Public: | 99.851% |
| Benchmark Treasury: | UST 2.125% due May 15, 2025 |
| Benchmark Treasury Yield: | 2.318% |
| Spread to Benchmark Treasury: | +140 bps |
| Yield: | 3.718% |
| Make-Whole Call: | T+25 bps prior to April 29, 2025 |
| Par Call: | On or after April 29, 2025 |
| Special Mandatory Redemption: | 101%+ accrued interest if Altera acquisition is not consummated |
| CUSIP/ISIN: | 458140 AS9 / US458140AS90 |
4.900% Senior Notes due 2045
| Size: | $ 2,000,000,000 |
|---|---|
| Maturity Date: | July 29, 2045 |
| Coupon: | 4.900% |
| Interest Payment Dates: | January 29 and July 29, commencing on January 29, 2016 |
| Price to Public: | 99.922% |
| Benchmark Treasury: | UST 2.500% due February 15, 2045 |
| Benchmark Treasury Yield: | 3.055% |
| Spread to Benchmark Treasury: | +185 bps |
| Yield: | 4.905% |
| Make-Whole Call: | T+30 bps prior to January 29, 2045 |
| Par Call: | On or after January 29, 2045 |
| Special Mandatory Redemption: | 101%+ accrued interest if Altera acquisition is not consummated |
| CUSIP/ISIN: | 458140 AT7 / US458140AT73 |
| Joint Book-Running Managers: | Merrill Lynch, Pierce, Fenner & Smith |
| Incorporated | |
| Wells Fargo Securities, LLC | |
| Co-Managers: | Needham & Company, LLC |
| Lebenthal & Co., LLC | |
| The Williams Capital Group, L.P. |
*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 business day will be required, by virtue of the fact that the notes initially will settle on the fifth business day following the pricing date (T+ 5) , to specify alternative settlement arrangements to prevent a failed settlement.*
*A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at an y time.*
*The issuer has filed a registration statement (including a prospectus) and a preliminary prospectus supplement with the U.S. Securities and Exchange Commission (the SEC) for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement, the preliminary prospectus supplement 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 and the preliminary prospectus supplement if you request it by calling (i) Merrill Lynch, Pierce, Fenner & Smith Incorporated toll-free at 1-800-294-1322 or (ii) Wells Fargo Securities, LLC at 1-800-645-3751.*
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