Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp)
12 5월 2023 - 6:01AM
Edgar (US Regulatory)
Filed Pursuant to Rule 433
Registration No. 333-264764-01
Final Term Sheet
May 11, 2023
EIDP,
Inc.
$600,000,000 4.500% Senior Notes due 2026
$600,000,000 4.800% Senior Notes due 2033
This final term sheet, dated May 11, 2023 (this Final Term Sheet), should be read together with the preliminary prospectus
supplement, dated May 11, 2023 (the Preliminary Prospectus Supplement), of EIDP, Inc. (formerly known as E. I. du Pont de Nemours and Company) (the Company). The information in this Final Term Sheet supplements the
Preliminary Prospectus Supplement and supersedes the information in the Preliminary Prospectus Supplement to the extent inconsistent therewith. Capitalized terms used but not defined in this Final Term Sheet shall have the meanings ascribed to them
in the Preliminary Prospectus Supplement.
|
|
|
Issuer: |
|
EIDP, Inc. (formerly known as E. I. du Pont de Nemours and Company) |
|
|
Title of Securities: |
|
4.500% Senior Notes due 2026 (the 2026 Notes)
4.800% Senior Notes due 2033 (the 2033 Notes and, together with the 2026 Notes, the Notes) |
|
|
Ratings (Moodys / S&P / Fitch)*: |
|
A3 / A- / A (stable / stable / stable) |
|
|
Distribution: |
|
SEC-registered |
|
|
Trade Date: |
|
May 11, 2023 |
|
|
Settlement Date (T+2): |
|
May 15, 2023 |
|
|
Maturity Date: |
|
2026 Notes: May 15, 2026 2033 Notes:
May 15, 2033 |
|
|
Aggregate Principal Amount Offered: |
|
2026 Notes: $600,000,000 2033 Notes:
$600,000,000 |
|
|
Price to Public (Issue Price): |
|
2026 Notes: 99.872% 2033 Notes:
99.639% |
|
|
Net Proceeds to Issuer (before transaction expenses and after underwriting fees): |
|
2026 Notes: $596,832,000 2033 Notes:
$593,934,000 |
|
|
Yield to Maturity: |
|
2026 Notes: 4.546% 2033 Notes:
4.846% |
|
|
|
Interest Rate: |
|
2026 Notes: 4.500% per annum 2033 Notes: 4.800%
per annum |
|
|
Interest Payment Dates: |
|
2026 Notes: Semi-annually on each May 15 and November 15, commencing November 15, 2023
2033 Notes: Semi-annually on each May 15 and November 15, commencing November 15, 2023 |
|
|
Benchmark Treasury: |
|
2026 Notes: 3.750% due April 15, 2026 2033
Notes: 3.500% due February 15, 2033 |
|
|
Spread to Benchmark Treasury: |
|
2026 Notes: +95 basis points 2033 Notes: +145
basis points |
|
|
Benchmark Treasury Price: |
|
2026 Notes: 100-13+
2033 Notes: 100-271⁄4 |
|
|
Benchmark Treasury Yield: |
|
2026 Notes: 3.596% 2033 Notes:
3.396% |
|
|
Applicable Par Call Date: |
|
2026 Notes: April 15, 2026 2033 Notes:
February 15, 2033 |
|
|
Optional Redemption: |
|
For the 2026 Notes: Prior to April 15, 2026 (1 month prior to the maturity date), callable at the greater of (a) the make-whole
price of T+15 basis points and (b) 100% of the principal amount, plus accrued and unpaid interest to the redemption date. Callable at par on or after April 15, 2026
For the 2033 Notes: Prior to February 15, 2033 (3 months prior to the maturity date), callable at the greater of (a) the make-whole price of T+25
basis points and (b) 100% of the principal amount, plus accrued and unpaid interest to the redemption date. Callable at par on or after February 15, 2033 |
|
|
Joint Bookrunners: |
|
Goldman Sachs & Co. LLC BofA
Securities, Inc. SMBC Nikko Securities America, Inc. |
|
|
BNP Paribas Securities Corp. Citigroup Global
Markets Inc. Credit Suisse Securities (USA) LLC HSBC
Securities (USA) Inc. J.P. Morgan Securities LLC Mizuho
Securities USA LLC MUFG Securities Americas Inc. Wells Fargo
Securities, LLC |
|
|
|
Senior Co-Managers: |
|
BBVA Securities Inc. Deutsche Bank Securities Inc. Rabo Securities USA, Inc. Santander US Capital Markets LLC Scotia Capital (USA) Inc. SG Americas Securities, LLC Standard Chartered Bank TD Securities
(USA) LLC |
|
|
Co-Managers: |
|
Academy Securities, Inc. Credit Agricole
Securities (USA) Inc. U.S. Bancorp Investments, Inc. Citizens Capital Markets, Inc. Siebert Williams Shank & Co., LLC |
|
|
CUSIP / ISIN: |
|
2026 Notes: 263534 CQ0 / US263534CQ07 2033
Notes: 263534 CR8 / US263534CR89 |
* |
A securities rating is not a recommendation to buy, sell, or hold securities and should be evaluated
independently of any other rating. Each rating is subject to revision or withdrawal at any time by the assigning rating organization. |
The Company has filed a registration statement (including a prospectus) and the Preliminary Prospectus Supplement with the 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 Company
and Corteva, Inc. have filed with the SEC for more complete information about the Company and this offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, the Company, any underwriter or any
dealer participating in the offering will arrange to send you the Preliminary Prospectus Supplement and the accompanying prospectus if you request it by contacting (i) Goldman Sachs & Co. LLC toll-free at
1-866-471-2526, (ii) BofA Securities, Inc. toll-free at 1-800-294-1322, or (iii) SMBC Nikko Securities America, Inc. toll-free at
1-888-868-6856.
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.
EIDP (NYSE:CTA-B)
과거 데이터 주식 차트
부터 11월(11) 2024 으로 12월(12) 2024
EIDP (NYSE:CTA-B)
과거 데이터 주식 차트
부터 12월(12) 2023 으로 12월(12) 2024