FWP: Filing under Securities Act Rules 163/433 of free writing prospectuses
Published on November 9, 2010
Filed Pursuant to Rule 433
Registration Statement No. 333-159102
November 8, 2010
Registration Statement No. 333-159102
November 8, 2010
Pricing Term Sheet
Becton, Dickinson and Company
5.00% Notes due November 12, 2040
5.00% Notes due November 12, 2040
Issuer:
|
Becton, Dickinson and Company | |
Aggregate Principal Amount Offered:
|
$300,000,000 | |
Maturity Date:
|
November 12, 2040 | |
Coupon (Interest Rate):
|
5.00% | |
Price to Public (Issue Price):
|
99.599% of principal amount | |
Yield to Maturity:
|
5.026% | |
Spread to Benchmark Treasury:
|
+90 basis points | |
Benchmark Treasury:
|
4.375% due May, 2040 | |
Benchmark Treasury Yield:
|
4.126% | |
Interest Payment Dates:
|
May 12 and November 12, commencing May 12, 2011 | |
Day Count Convention:
|
30/360 | |
Make-whole Redemption:
|
At any time at the greater of 100% or a discount rate of Treasury plus 15 basis points |
|
Trade Date:
|
November 8, 2010 | |
Settlement Date:
|
November 12, 2010 (T+3) | |
CUSIP Number:
|
075887 AX7 | |
ISIN Number:
|
US075887AX76 | |
Denominations:
|
$2,000 x $1,000 | |
Joint Book-Running Managers:
|
Goldman, Sachs & Co. | |
| Morgan Stanley & Co. Incorporated | ||
| Citigroup Global Markets Inc. | ||
Co-Managers:
|
Banca IMI S.p.A. | |
| BBVA Securities Inc. | ||
| BNP Paribas Securities Corp. | ||
| BNY Mellon Capital Markets, LLC | ||
| Credit Agricole (USA) Securities Inc. | ||
| J.P. Morgan Securities LLC | ||
| Mitsubishi UFJ Securities (USA), Inc. | ||
| Mizuho Securities USA Inc. | ||
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | ||
| Standard Chartered Bank | ||
| Wells Fargo Securities, LLC | ||
Type of Offering:
|
SEC Registered | |
Listing:
|
None | |
Long-term Debt Ratings:
|
Moodys: A2 (Stable); S&P: AA- (Stable) |
| 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.
Filed Pursuant to Rule 433
Registration Statement No. 333-159102
November 8, 2010
Registration Statement No. 333-159102
November 8, 2010
Pricing Term Sheet
Becton, Dickinson and Company
3.25% Notes due November 12, 2020
3.25% Notes due November 12, 2020
Issuer:
|
Becton, Dickinson and Company | |
Aggregate Principal Amount Offered:
|
$700,000,000 | |
Maturity Date:
|
November 12, 2020 | |
Coupon (Interest Rate):
|
3.25% | |
Price to Public (Issue Price):
|
99.949% of principal amount | |
Yield to Maturity:
|
3.256% | |
Spread to Benchmark Treasury:
|
+70 basis points | |
Benchmark Treasury:
|
2.625% due August, 2020 | |
Benchmark Treasury Yield:
|
2.556% | |
Interest Payment Dates:
|
May 12 and November 12, commencing May 12, 2011 | |
Day Count Convention:
|
30/360 | |
Make-whole Redemption:
|
At any time at the greater of 100% or a discount rate of Treasury plus 15 basis points | |
Trade Date:
|
November 8, 2010 | |
Settlement Date:
|
November 12, 2010 (T+3) | |
CUSIP Number:
|
075887 AW9 | |
ISIN Number:
|
US075887AW93 | |
Denominations:
|
$2,000 x $1,000 | |
Joint Book-Running Managers:
|
Goldman, Sachs & Co. | |
| Morgan Stanley & Co. Incorporated | ||
| J.P. Morgan Securities LLC | ||
Co-Managers:
|
Banca IMI S.p.A. | |
| BBVA Securities Inc. | ||
| BNP Paribas Securities Corp. | ||
| BNY Mellon Capital Markets, LLC | ||
| Citigroup Global Markets Inc. | ||
| Credit Agricole (USA) Securities Inc. | ||
| Mitsubishi UFJ Securities (USA), Inc. | ||
| Mizuho Securities USA Inc. | ||
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | ||
| Standard Chartered Bank | ||
| Wells Fargo Securities, LLC | ||
Type of Offering:
|
SEC Registered | |
Listing:
|
None | |
Long-term Debt Ratings:
|
Moodys: A2 (Stable); S&P: AA- (Stable) |
| 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.