Issuer:
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Becton, Dickinson and Company (the “Company”)
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Aggregate Principal Amount Offered:
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$1,000,000,000
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Maturity Date:
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February 11, 2031
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Coupon (Interest Rate):
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1.957%
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Price to Public (Issue Price):
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100.000% of principal amount
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Underwriting Discount:
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0.650%
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Yield to Maturity:
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1.957%
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Spread to Benchmark Treasury:
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+80 basis points
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Benchmark Treasury:
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0.875% due November 15, 2030
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Benchmark Treasury Yield:
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1.157%
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Interest Payment Dates:
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February 11 and August 11, commencing August 11, 2021
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Day Count Convention:
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30/360
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Make-whole Call:
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+15 basis points (prior to November 11, 2030)
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Par Call:
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On or after November 11, 2030 plus accrued and unpaid interest to, but excluding, the redemption date.
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Change of Control:
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If a change of control triggering event occurs, unless the Company has exercised its right to redeem the Notes as described under “Optional Redemption,” each holder of such Notes will have the right to
require the Company to repurchase such Notes, in whole or in part, at a purchase price of 101% of the principal amount thereof plus accrued and unpaid interest to, but excluding, the date of repurchase.
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Trade Date:
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February 8, 2021
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Settlement Date:
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February 11, 2021 (T+3)1
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CUSIP / ISIN Numbers:
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075887 CL1 / US075887CL11
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1
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Under Rule 15c6-1 under the Securities Exchange Act of 1934, trades in the secondary market generally are required to settle in two business days, unless the parties to any such trade expressly agree
otherwise. Accordingly, purchasers who wish to trade Notes prior to the second business day preceding the settlement date will be required, by virtue of the fact that the Notes initially settle on the third business day following the
Trade Date, to specify an alternate settlement arrangement at the time of any such trade to prevent a failed settlement. Purchasers of the Notes who wish to trade the Notes prior to their date of delivery hereunder should consult their
advisors.
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Denominations:
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$1,000 x $1,000
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Joint Book-Running Managers:
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Barclays Capital Inc.
Citigroup Global Markets Inc.
J.P. Morgan Securities LLC
Morgan Stanley & Co. LLC
MUFG Securities Americas Inc.
Wells Fargo Securities, LLC
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Co-Managers:
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BNY Mellon Capital Markets, LLC
ING Financial Markets LLC
Intesa Sanpaolo S.p.A.
Loop Capital Markets LLC
PNC Capital Markets LLC
Siebert Williams Shank & Co., LLC
Standard Chartered Bank
TD Securities (USA) LLC
U.S. Bancorp Investments, Inc.
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Type of Offering:
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SEC Registered
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Listing:
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None
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