MCDONALDS CORP — Capital/Financing Update 2008

Feb 27, 2008

FWP 1 a08-6689_1fwp.htm FWP

Filed Pursuant to Rule 433

Dated February 26, 2008

Registration Statement No. 333-139431

*McDONALD’S CORPORATION*

USD 500 Million 4.300% Medium-Term Notes, Series I, Due 2013

*Summary of Terms*

| Issuer: | McDonald’s
Corporation |
| --- | --- |
| Ratings: | A3
/ A / A (Moody’s / Standard & Poor’s / Fitch) |
| Trade
Date: | February 26,
2008 |
| Settlement
Date: | February 29,
2008 |
| Maturity
Date: | March 1,
2013 |
| Security
Description: | SEC-Registered
Senior Unsecured Fixed Rate Medium-Term Notes, Series I |
| Total
Principal Amount: | USD
500,000,000 |
| Coupon: | 4.300% |
| Issue
Price: | 99.835%
of principal amount |
| Gross
Spread: | 0.500% |
| Price
to Issuer: | 99.335% |
| Yield
to Maturity: | 4.337% |
| Spread
to Benchmark Treasury: | T+
145 basis points |
| Benchmark
Treasury: | 2.875%
5-year note due January 31, 2013 |
| Benchmark
Treasury Yield: | 2.887% |
| Coupon
Payments: | Pays
Semi-Annually on the 1st day of March and September, beginning
September 1, 2008 |
| Day
Count: | 30
/ 360 |
| Redemption
Provision: | Callable
at any time at a make-whole price of the greater of (a) 100% of the
principal amount, or (b) discounted present value at Treasury Rate plus
25 basis points |
| Joint
Bookrunners: | Banc
of America Securities LLC Citigroup
Global Markets Inc. Merrill
Lynch, Pierce, Fenner & Smith Incorporated Morgan
Stanley & Co. Incorporated |
| CUSIP: | 58013MED2 |

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 or any agent participating in the offering will arrange to send you the prospectus if you request it by calling McDonald’s Corporation toll-free at 1-800-228-9623; Banc of America Securities LLC toll-free at 1-800-294-1322; Citigroup Global Markets Inc. toll-free at 1-877-858-5407; Merrill Lynch, Pierce, Fenner & Smith Incorporated toll-free at 1-866-500-5408; or Morgan Stanley & Co. Incorporated toll free at 1-866-718-1649.

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