Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp)
09 November 2018 - 9:06AM
Edgar (US Regulatory)
Filed Pursuant to Rule 433
Registration Statement No. 333-218972
Issuer Free Writing Prospectus dated November 8, 2018
Relating to Preliminary Prospectus Supplement dated November 7, 2018
BAIDU, INC.
Pricing
Term Sheets
4.375% Notes due 20
24
(the 20
24
Notes)
|
|
|
Issuer:
|
|
Baidu, Inc.
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Principal Amount:
|
|
US$600,000,000
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Maturity Date:
|
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May 14, 2024
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Coupon (Interest Rate):
|
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4.375%
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Public Offering Price:
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99.802% of face amount
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Ranking:
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Senior unsecured
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Format:
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SEC registered
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Listing:
|
|
Approval
in-principle
has been received for the listing and quotation of the 2024 Notes on the
SGX-ST.
|
Minimum Denomination:
|
|
US$200,000 and integral multiples of US$1,000 in excess thereof
|
Yield to Maturity:
|
|
4.416%
|
Spread to Benchmark Treasury:
|
|
1.330%
|
Benchmark Treasury:
|
|
2.875% due 10/31/2023
|
Benchmark Treasury Price and Yield:
|
|
99-01 and 3.086%
|
Interest Payment Dates:
|
|
May 14 and November 14, commencing May 14, 2019
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Interest Payment Record Dates:
|
|
April 30 and October 31
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Optional Redemption:
|
|
Make Whole Call at any time prior to April 14, 2024 at a redemption price equal to the greater of 100% and a discount rate of the Treasury
Yield plus 20 basis points.
Par Call at any time from or after April 14, 2024 at a redemption price equal to 100%.
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Trade Date:
|
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November 8, 2018
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Settlement Date:
|
|
November 14, 2018
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CUSIP / ISIN:
|
|
056752 AM0 / US056752AM06
|
Issue Ratings*:
|
|
Moodys: A3; Fitch: A
|
Issuer Ratings**:
|
|
Moodys: A3; Fitch: A
|
Joint Bookrunners:
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Goldman Sachs (Asia) L.L.C.
J.P. Morgan
Securities LLC
|
4.875% Notes due 20
28
(the 20
28
Notes)
|
|
|
Issuer:
|
|
Baidu, Inc.
|
Principal Amount:
|
|
US$400,000,000
|
Maturity Date:
|
|
November 14, 2028
|
Coupon (Interest Rate):
|
|
4.875%
|
Public Offering Price:
|
|
99.546% of face amount
|
Ranking:
|
|
Senior unsecured
|
Format:
|
|
SEC registered
|
Listing:
|
|
Approval
in-principle
has been received for the listing and quotation of the 2028 Notes on the
SGX-ST.
|
Minimum Denomination:
|
|
US$200,000 and integral multiples of US$1,000 in excess thereof
|
Yield to Maturity:
|
|
4.933%
|
Spread to Benchmark Treasury:
|
|
1.700%
|
Benchmark Treasury:
|
|
2.875% due 08/15/2028
|
|
|
|
Benchmark Treasury Price and Yield:
|
|
97-00+ and 3.233%
|
Interest Payment Dates:
|
|
May 14 and November 14, commencing May 14, 2019
|
Interest Payment Record Dates:
|
|
April 30 and October 31
|
Optional Redemption:
|
|
Make Whole Call at any time prior to August 14, 2028 at a redemption price equal to the greater of 100% and a discount rate of the Treasury
Yield plus 30 basis points.
Par Call at any time from or after August 14, 2028 at a redemption price equal to 100%.
|
Trade Date:
|
|
November 8, 2018
|
Settlement Date:
|
|
November 14, 2018
|
CUSIP / ISIN:
|
|
056752 AN8 / US056752AN88
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Issue Ratings*:
|
|
Moodys: A3; Fitch: A
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Issuer Ratings**:
|
|
Moodys: A3; Fitch: A
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Joint Bookrunners:
|
|
Goldman Sachs (Asia) L.L.C.
J.P. Morgan
Securities LLC
|
*
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A securities rating is not a recommendation to buy, sell or hold securities and may be revised or withdrawn
at any time. Each rating should be evaluated independently of any other rating.
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**
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see Risk Factors Risks Related to the Notes Our credit ratings may not reflect all risks
of your investments in the Notes. in the preliminary prospectus supplement.
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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 and prospectus supplement if you request it by calling Goldman Sachs & Co., an affiliate of Goldman Sachs (Asia) L.L.C., toll-free at
1-866-471-2526
or J.P. Morgan Securities LLC collect at
1-212-834-4533.
No PRIIPs Key Information Document (KID) has been prepared as not available to retail in EEA.
Any disclaimer or other notice that may appear below is not applicable to this communication and should be disregarded. Such disclaimer or notice was
automatically generated as a result of this communication being sent by Bloomberg or another email system.
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