Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp)
04 December 2015 - 9:31AM
Edgar (US Regulatory)
Filed Pursuant to Rule 433
Registration Statement No. 333-207043
Pricing Term Sheet
December 3, 2015
Analog Devices, Inc.
$850,000,000 3.900% Senior Notes due December 15, 2025
$400,000,000 5.300% Senior Notes due December 15, 2045
|
|
|
Issuer: |
|
Analog Devices, Inc. |
|
|
Format: |
|
SEC Registered |
|
|
Trade Date: |
|
December 3, 2015 |
|
|
Settlement Date (T+7): |
|
December 14, 2015 |
|
|
Maturity Date: |
|
Notes due 2025: December 15, 2025 Notes due
2045: December 15, 2045 |
|
|
Aggregate Principal Amount: |
|
Notes due 2025: $850,000,000 Notes due 2045:
$400,000,000 |
|
|
Coupon: |
|
Notes due 2025: 3.900% Notes due 2045:
5.300% |
|
|
Price to Public (Issue Price): |
|
Notes due 2025: 99.770% Notes due 2045:
99.553% |
|
|
Pricing Benchmark: |
|
Notes due 2025: UST 2.250% due November 15, 2025
Notes due 2045: UST 2.875% due August 15, 2045 |
|
|
Benchmark Price and Yield: |
|
Notes due 2025: 99-10; 2.328% Notes due 2045:
96-01; 3.080% |
|
|
Spread to Benchmark: |
|
Notes due 2025: +160 basis points Notes due
2045: +225 basis points |
|
|
Re-offer Yield: |
|
Notes due 2025: 3.928% Notes due 2045:
5.330% |
|
|
Interest Payment Dates: |
|
Semi-annual on June 15 and December 15 of each year, beginning on June 15, 2016 |
|
|
Optional Redemption: |
|
Notes due 2025: Prior to September 15, 2025 at the greater of 100% or the make-whole amount to the first par call date at a discount rate
equal to the Treasury Rate plus 25 basis points, plus accrued and unpaid interest to the date of redemption. Notes due 2045: Prior to June 15, 2045 at the
greater of 100% or the make-whole amount to the first par call date at a discount rate equal to the Treasury Rate plus 35 basis points, plus accrued and unpaid interest to the date of redemption. |
|
|
|
Par Call: |
|
Notes due 2025: On or after September 15, 2025, at 100%, plus accrued and unpaid interest to the date of redemption.
Notes due 2045: On or after June 15, 2045, at 100%, plus accrued and unpaid interest to the date of redemption. |
|
|
CUSIP/ISIN: |
|
Notes due 2025: 032654 AJ4 / US032654AJ43
Notes due 2045: 032654 AK1 / US032654AK16 |
|
|
Ratings*: |
|
Moodys: A3 (Stable) S&P: A-
(Stable) |
|
|
Denominations: |
|
$2,000 x $1,000 |
|
|
Joint Book-Running Managers: |
|
J.P. Morgan Securities LLC Merrill Lynch,
Pierce, Fenner & Smith
Incorporated
Credit Suisse Securities (USA) LLC Morgan Stanley & Co.
LLC |
Co-Managers: |
|
Deutsche Bank Securities Inc. Wells Fargo
Securities, LLC BNY Mellon Capital Markets, LLC |
The Issuer has filed a Registration Statement (including a prospectus) with the Securities and Exchange
Commission 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 Securities and Exchange Commission 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 J.P. Morgan Securities LLC at 1-212-834-4533, Merrill Lynch, Pierce, Fenner & Smith Incorporated at 1-800-294-1322 or Credit Suisse Securities (USA) LLC at 1-800-221-1037.
* A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.
Analog Devices (NASDAQ:ADI)
Historical Stock Chart
From Jun 2024 to Jul 2024
Analog Devices (NASDAQ:ADI)
Historical Stock Chart
From Jul 2023 to Jul 2024