MCD McDonalds Corp

 

Filed Pursuant to Rule 433

Dated February 26, 2025

Registration Statement No. 333-281501

 

McDONALD’S CORPORATION

 

Issuer:	McDonald’s Corporation
Ratings*:	Moody’s: Baa1 (Stable); S&P: BBB+ (Stable)
Trade Date:	February 26, 2025
Settlement Date**:	March 3, 2025 (T+3)
Security Description:	SEC-Registered Senior Unsecured Fixed Rate Medium-Term Notes

 

USD 600,000,000 4.600% Medium-Term Notes Due 2030

Summary of Terms

 

Total Principal Amount:	USD 600,000,000
Maturity Date:	May 15, 2030
Coupon:	4.600%
Issue Price:	99.848% of the principal amount
Yield to Maturity:	4.630%
Spread to Benchmark Treasury:	T + 55 basis points
Benchmark Treasury:	4.250% due January 31, 2030
Benchmark Treasury Yield:	4.080%
Coupon Payments:	Pays semi-annually on May 15 and November 15, commencing November 15, 2025 (long first coupon)
Day Count:	30 / 360
Optional Redemption Provision:	Prior to April 15, 2030, the issuer may redeem the notes at its option, in whole or in part, at any time and from time to time, at a redemption price (expressed as a percentage of principal amount and rounded to three decimal places) equal to the greater of (1) (a) the sum of the present values of the remaining scheduled payments of principal and interest on the notes to be redeemed discounted to the redemption date (assuming the notes matured on April 15, 2030) on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 10 basis points, less (b) interest accrued to the redemption date; and (2) 100% of the principal amount of the notes to be redeemed, plus, in either case, accrued and unpaid interest thereon to the redemption date. On or after April 15, 2030, the issuer may redeem the notes at its option, in whole or in part, at any time and from time to time, at a redemption price equal to 100% of the principal amount of the notes to be redeemed plus accrued and unpaid interest thereon to the redemption date.
CUSIP / ISIN:	58013MFZ2 / US58013MFZ23

 

 

USD 900,000,000 4.950% Medium-Term Notes Due 2035

Summary of Terms

 

Total Principal Amount:	USD 900,000,000
Maturity Date:	March 3, 2035
Coupon:	4.950%
Issue Price:	99.852% of the principal amount
Yield to Maturity:	4.969%
Spread to Benchmark Treasury:	T + 72 basis points

 

 

Benchmark Treasury:	4.625% due February 15, 2035
Benchmark Treasury Yield:	4.249%
Coupon Payments:	Pays semi-annually on March 3 and September 3, commencing September 3, 2025
Day Count:	30 / 360
Optional Redemption Provision:	Prior to December 3, 2034, the issuer may redeem the notes at its option, in whole or in part, at any time and from time to time, at a redemption price (expressed as a percentage of principal amount and rounded to three decimal places) equal to the greater of (1) (a) the sum of the present values of the remaining scheduled payments of principal and interest on the notes to be redeemed discounted to the redemption date (assuming the notes matured on December 3, 2034) on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 15 basis points, less (b) interest accrued to the redemption date; and (2) 100% of the principal amount of the notes to be redeemed, plus, in either case, accrued and unpaid interest thereon to the redemption date. On or after December 3, 2034, the issuer may redeem the notes at its option, in whole or in part, at any time and from time to time, at a redemption price equal to 100% of the principal amount of the notes to be redeemed plus accrued and unpaid interest thereon to the redemption date.
CUSIP / ISIN:	58013MGA6 / US58013MGA62
Joint Bookrunners:	Barclays Capital Inc.
	J.P. Morgan Securities LLC
	Mizuho Securities USA LLC
	Wells Fargo Securities, LLC
Passive Bookrunners:	ANZ Securities, Inc.
	TD Securities (USA) LLC
	U.S. Bancorp Investments, Inc.
Co-Managers:	BNP Paribas Securities Corp.
	Commerz Markets LLC
	Credit Agricole Securities (USA) Inc.
	HSBC Securities (USA) Inc.
	ING Financial Markets LLC
	MUFG Securities Americas Inc.
	PNC Capital Markets LLC
	Rabo Securities USA, Inc.
	Standard Chartered Bank
	Truist Securities, Inc.
	UniCredit Capital Markets LLC
	Westpac Capital Markets, LLC
	Academy Securities, Inc.
	Loop Capital Markets LLC
	Samuel A. Ramirez & Company, Inc.
	Siebert Williams Shank & Co., LLC

 

 

*

A credit rating is not a recommendation to buy, sell or hold securities. It may be subject to revision or withdrawal at any time by the assigning credit rating agency. Each credit rating is applicable only to the specific security to which it applies. Investors should make their own evaluation as to whether an investment in the security is appropriate.

 

 

**

It is expected that delivery of the notes will be made against payment therefor on or about March 3, 2025, which will be the third business day following the date of pricing of the notes, or “T+3.” Under Rule 15c6-1 of the Securities Exchange Act of 1934, as amended, trades in the United States secondary market generally are required to settle in one business day, unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade the notes prior to the business day before the date of delivery will be required, by virtue of the fact the notes initially will settle in T+3, to specify an alternate settlement cycle at the time of any such trade to prevent a failed settlement.

 

 

Modification of Prospectus Supplement, dated August 12, 2024

 

None

 

 

The issuer has filed a registration statement (including a prospectus and prospectus supplement) with the Securities and Exchange Commission (the “SEC”) for the offering to which this communication relates. Before investing, you should read the prospectus and prospectus supplement in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and the offering. You may obtain these documents for free by visiting EDGAR on the SEC's website at www.sec.gov. Alternatively, the issuer or any underwriter or dealer participating in the offering will arrange to send you the prospectus and prospectus supplement if you request them by calling Barclays Capital Inc. toll free at 1-888-603-5847, J.P. Morgan Securities LLC collect at 1-212-834-4533, Mizuho Securities USA LLC toll free at 1-866-271-7403 or Wells Fargo Securities, LLC toll free at 1-800-645-3751.

 

 

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