FWP: Filing under Securities Act Rules 163/433 of free writing prospectuses
Published on May 11, 2009
Filed Pursuant to Rule 433
Registration Statement No. 333-159102
May 11, 2009
Registration Statement No. 333-159102
May 11, 2009
Pricing Term Sheet
Becton, Dickinson and Company
6.000% Notes due May 15, 2039
6.000% Notes due May 15, 2039
Issuer: |
Becton, Dickinson and Company | |||
Aggregate Principal Amount Offered: |
$250,000,000 | |||
Maturity Date: |
May 15, 2039 | |||
Coupon (Interest Rate): |
6.000% | |||
Price to Public (Issue Price): |
98.984% of principal amount | |||
Yield to Maturity: |
6.074% | |||
Spread to Benchmark Treasury: |
+190 basis points | |||
Benchmark Treasury: |
3.500% due February, 2039 | |||
Benchmark Treasury Yield: |
4.174% | |||
Interest Payment Dates: |
May 15 and November 15, commencing November 16, 2009 | |||
Day Count Convention: |
30/360 | |||
Make-whole Redemption: |
At any time at the greater of 100% or a discount rate of Treasury plus 30 basis points | |||
Trade Date: |
May 11, 2009 | |||
Settlement Date: |
May 15, 2009 (T+4) | |||
CUSIP Number: |
075887 AV1 | |||
ISIN Number: |
US075887AV11 | |||
Denominations: |
$2,000 x $1,000 | |||
Joint Book-Running Managers: |
Goldman, Sachs & Co., Morgan Stanley & Co. Incorporated | |||
Co-Managers: |
Banc of America Securities LLC | |||
Banca IMI S.p.A. | ||||
BBVA Securities Inc. | ||||
BNP Paribas Securities Corp. | ||||
BNY Mellon Capital Markets, LLC | ||||
Calyon New York Branch | ||||
Citigroup Global Markets Inc. | ||||
ING Financial Markets LLC | ||||
J.P. Morgan Securities Inc. | ||||
Mitsubishi UFJ Securities (USA), Inc. | ||||
Mizuho Securities USA Inc. | ||||
Standard Chartered Bank | ||||
Wachovia Capital Markets, LLC | ||||
Type of Offering: |
SEC Registered | |||
Listing: |
None | |||
Long-term Debt Ratings: |
Moodys: A2 (Stable); S&P: AA- (Stable) | |||
Certain U.S. Federal Income Tax Considerations for Non-U.S. Holders: |
Payments of interest on a Note to any Non-U.S. Holder (generally, a beneficial owner of a Note that, for U.S. federal income tax purposes, is a nonresident alien individual; a foreign corporation; or a foreign estate or trust) will be exempt from U.S. federal income tax (including withholding tax) provided, generally, that the Non-U.S. Holder certifies on Internal Revenue Service (IRS) Form W-8BEN, under penalties of perjury, that it is not a United States person and provides the Non-U.S. Holders name and address or otherwise satisfies applicable documentation requirements, and that these amounts are not effectively connected with the conduct of a U.S. trade or business. If a Non-U.S. Holder does not provide a properly executed IRS Form W-8BEN, payments of interest on a Note will be |
subject to U.S. federal withholding tax at a rate of 30%, or such other lower rate as provided in an applicable tax treaty. | ||||
If a Non-U.S. Holder of a Note is engaged in a trade or business in the United States, and if interest on a Note is effectively connected with the conduct of that trade or business, the Non-U.S. Holder, although exempt from the withholding tax discussed in the preceding paragraph, will generally be subject to U.S. federal income tax the same manner as a United States person, subject to an applicable income tax treaty providing otherwise, except that the Non-U.S. Holder will be required to provide to the Issuer a properly executed IRS Form W-8ECI in order to claim an exemption from withholding tax. Interest on a Note may also be subject to a branch profits tax at a rate of 30% (or a lower rate as provided in an applicable tax treaty). | ||||
A Non-U.S. Holder should consult his or her own tax adviser regarding the U.S. federal income tax consequences of the ownership, and the sale, exchange or other disposition, of a Note. |
Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time |
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 if you request it by calling
Goldman, Sachs & Co. toll-free at 1-866-471-2526 or Morgan Stanley & Co. Incorporated toll-free at
1-866-718-1649.
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.
2
Filed Pursuant to Rule 433
Registration Statement No. 333-159102
May 11, 2009
Registration Statement No. 333-159102
May 11, 2009
Pricing Term Sheet
Becton, Dickinson and Company
5.000% Notes due May 15, 2019
5.000% Notes due May 15, 2019
Issuer: |
Becton, Dickinson and Company | |||
Aggregate Principal Amount Offered: |
$500,000,000 | |||
Maturity Date: |
May 15, 2019 | |||
Coupon (Interest Rate): |
5.000% | |||
Price to Public (Issue Price): |
99.348% of principal amount | |||
Yield to Maturity: |
5.084% | |||
Spread to Benchmark Treasury: |
+190 basis points | |||
Benchmark Treasury: |
3.125% due May, 2019 | |||
Benchmark Treasury Yield: |
3.184% | |||
Interest Payment Dates: |
May 15 and November 15, commencing November 16, 2009 | |||
Day Count Convention: |
30/360 | |||
Make-whole Redemption: |
At any time at the greater of 100% or a discount rate of Treasury plus 30 basis points | |||
Trade Date: |
May 11, 2009 | |||
Settlement Date: |
May 15, 2009 (T+4) | |||
CUSIP Number: |
075887 AU3 | |||
ISIN Number: |
US075887AU38 | |||
Denominations: |
$2,000 x $1,000 | |||
Joint Book-Running Managers: |
Goldman, Sachs & Co., Morgan Stanley & Co. Incorporated | |||
Co-Managers: |
Banc of America Securities LLC | |||
Banca IMI S.p.A. | ||||
BBVA Securities Inc. | ||||
BNP Paribas Securities Corp. | ||||
BNY Mellon Capital Markets, LLC | ||||
Calyon New York Branch | ||||
Citigroup Global Markets Inc. | ||||
ING Financial Markets LLC | ||||
J.P. Morgan Securities Inc. | ||||
Mitsubishi UFJ Securities (USA), Inc. | ||||
Mizuho Securities USA Inc. | ||||
Standard Chartered Bank | ||||
Wachovia Capital Markets, LLC | ||||
Type of Offering: |
SEC Registered | |||
Listing: |
None | |||
Long-term Debt Ratings: |
Moodys: A2 (Stable); S&P: AA- (Stable) | |||
Certain U.S. Federal Income Tax Considerations for Non-U.S. Holders: |
Payments of interest on a Note to any Non-U.S. Holder (generally, a beneficial owner of a Note that, for U.S. federal income tax purposes, is a nonresident alien individual; a foreign corporation; or a foreign estate or trust) will be exempt from U.S. federal income tax (including withholding tax) provided, generally, that the Non-U.S. Holder certifies on Internal Revenue Service (IRS) Form W-8BEN, under penalties of perjury, that it is not a United States person and provides the Non-U.S. Holders name and address or otherwise satisfies applicable documentation requirements, and that these amounts are not effectively connected with the conduct of a U.S. trade or business. If a Non-U.S. Holder does not provide a properly executed IRS Form W-8BEN, payments of interest on a Note will be subject to U.S. federal withholding tax at a rate of 30%, or such other lower rate as provided in an applicable tax treaty. |
If a Non-U.S. Holder of a Note is engaged in a trade or business in the United States, and if interest on a Note is effectively connected with the conduct of that trade or business, the Non-U.S. Holder, although exempt from the withholding tax discussed in the preceding paragraph, will generally be subject to U.S. federal income tax the same manner as a United States person, subject to an applicable income tax treaty providing otherwise, except that the Non-U.S. Holder will be required to provide to the Issuer a properly executed IRS Form W-8ECI in order to claim an exemption from withholding tax. Interest on a Note may also be subject to a branch profits tax at a rate of 30% (or a lower rate as provided in an applicable tax treaty). | ||||
A Non-U.S. Holder should consult his or her own tax adviser regarding the U.S. federal income tax consequences of the ownership, and the sale, exchange or other disposition, of a Note. |
Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time |
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 if you request it by calling
Goldman, Sachs & Co. toll-free at 1-866-471-2526 or Morgan Stanley & Co. Incorporated toll-free at
1-866-718-1649.
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.
2