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MASCO CORP /DE/ Capital/Financing Update 2007

Mar 9, 2007

30419_rns_2007-03-09_2c6d97c9-24bb-401f-8819-3d46245fae14.zip

Capital/Financing Update

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FWP 1 z12748f2fwp.htm FREE WRITING PROSPECTUS fwp PAGEBREAK

Filed Pursuant to Rule 433 Registration No. 333-140970

Term Sheet March 9, 2007

MASCO CORPORATION $300,000,000 5.85% NOTES DUE 2017

ISSUER: Masco Corporation
TITLE OF SECURITIES: 5.85% Notes due 2017
RATINGS: Baa1 by Moody’s Investors Service,
Inc and BBB+ by Standard & Poor’s
Rating Services
TRADE DATE: March 9, 2007
SETTLEMENT DATE (T+3): March 14, 2007
MATURITY DATE: March 15, 2017
AGGREGATE PRINCIPAL AMOUNT OFFERED: $300,000,000
PRICE TO PUBLIC (ISSUE PRICE): 99.648%
PROCEEDS TO MASCO (BEFORE EXPENSES): $296,994,000
BENCHMARK : UST 4.625% due February 15, 2017
BENCHMARK TREASURY YIELD : 4.587%
SPREAD TO TREASURY: 131 basis points
INTEREST RATE: 5.850% per annum
INTEREST PAYMENT DATES: Semi-annually on each March 15 and
September 15; commencing on September
15 , 2007
DENOMINATIONS: $1,000 by $1,000
OPTIONAL REDEMPTION: Make-whole call at any time at the
greater of 100% of the principal
amount of the notes being redeemed or
discounted present value at the
treasury rate plus 20 basis points
CHANGE OF CONTROL: Upon the occurrence of a Change of
Control Triggering Event, we will be
required to make an offer to purchase
the notes at a price equal to 101% of
their principal amount plus accrued
and unpaid interest to the date of
repurchase.
JOINT BOOKRUNNERS: Merrill Lynch, Pierce, Fenner & Smith
Incorporated, Citigroup Global
Markets Inc. and J.P. Morgan
Securities Inc.
CO-MANAGERS: Daiwa Securities America Inc.,
KeyBanc Capital Markets, a division
of McDonald Investments, Inc., Lazard
Capital Markets LLC
CUSIP: 574599BF2

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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 MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED TOLL-FREE AT 1-866-500-5408, CITIGROUP GLOBAL MARKETS INC. TOLL-FREE AT 1-877- 858-5407 OR J.P. MORGAN SECURITIES INC. AT 1-212-834-4533.

ANY DISCLAIMERS OR OTHER NOTICES THAT MAY APPEAR BELOW ARE NOT APPLICABLE TO THIS COMMUNICATION AND SHOULD BE DISREGARDED. SUCH DISCLAIMERS OR OTHER NOTICES WERE AUTOMATICALLY GENERATED AS A RESULT OF THIS COMMUNICATION BEING SENT VIA BLOOMBERG OR ANOTHER EMAIL SYSTEM.

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