Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp)
February 11 2020 - 6:01AM
Edgar (US Regulatory)
Filed pursuant to Rule 433
Registration No. 333-224472
Issuer Free Writing Prospectus dated February 10, 2020
Relating to Preliminary Prospectus Supplement dated February 10, 2020
Term Sheet
February 10, 2020
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Issuer:
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Intel Corporation
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Anticipated Ratings:
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A1 (Moodys)/A+ (S&P)/A+ (Fitch)*
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Security Type:
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SEC Registered
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Trade Date:
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February 10, 2020
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Expected Settlement Date:
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February 13, 2020 (T+3)**
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Use of proceeds:
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General corporate purposes, which may include refinancing of outstanding debt and share repurchases
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2.450% Senior Notes due 2029
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Size:
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$750,000,000
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Maturity Date:
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November 15, 2029
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Coupon:
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2.450%
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Interest Payment Dates:
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May 15 and November 15 commencing on May 15, 2020
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Fungibility:
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The 2.450% Senior Notes due 2029 offered hereby will be consolidated, form a single series and be fully fungible with the $1,250,000,000 aggregate principal amount of the outstanding 2.450% Senior Notes due 2029 issued on
November 21, 2019. After giving effect to the issuance of the 2.450% Senior Notes due 2029 offered hereby, there will be $2,000,000,000 aggregate principal amount of 2.450% Senior Notes due 2029 outstanding.
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Price to Public:
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102.125% of the principal amount, plus accrued interest of $4,185,416.67 from November 21, 2019 to, but excluding, February 13, 2020. The public offering price will include accrued interest from February 13, 2020 if
settlement occurs after that date.
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Benchmark Treasury:
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UST 1.750% due November 15, 2029
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Benchmark Treasury Price/Yield:
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101-25+/1.551%
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Spread to Benchmark Treasury:
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+65 bps
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Yield:
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2.201%
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Make-Whole Call:
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T+10 bps for any redemption prior to August 15, 2029
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Par Call:
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On or after August 15, 2029
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CUSIP/ISIN:
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458140 BH2/US458140BH27
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3.250% Senior Notes due 2049
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Size:
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$500,000,000
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Maturity Date:
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November 15, 2049
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Coupon:
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3.250%
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Interest Payment Dates:
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May 15 and November 15 commencing on May 15, 2020
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Fungibility:
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The 3.250% Senior Notes due 2049 offered hereby will be consolidated, form a single series and be fully fungible with the $1,500,000,000 aggregate principal amount of the outstanding 3.250% Senior Notes due 2049 issued on
November 21, 2019. After giving effect to the issuance of the 3.250% Senior Notes due 2049 offered hereby, there will be $2,000,000,000 aggregate principal amount of 3.250% Senior Notes due 2049 outstanding.
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Price to Public:
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106.276% of the principal amount, plus accrued interest of $3,701,388.89 from November 21, 2019 to, but excluding, February 13, 2020. The public offering price will include accrued interest from February 13, 2020 if
settlement occurs after that date.
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Benchmark Treasury:
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UST 2.250% due August 15, 2049
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Benchmark Treasury Price/Yield:
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104-28+/2.029%
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Spread to Benchmark Treasury:
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+90 bps
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Yield:
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2.929%
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Make-Whole Call:
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T+15 bps for any redemption prior to May 15, 2049
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Par Call:
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On or after May 15, 2049
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CUSIP/ISIN:
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458140 BJ8/US458140BJ82
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3.100% Senior Notes due 2060
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Size:
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$1,000,000,000
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Maturity Date:
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February 15, 2060
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Coupon:
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3.100%
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Interest Payment Dates:
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February 15 and August 15 commencing on August 15, 2020
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Price to Public:
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99.341%, plus accrued interest from February 13, 2020, if any.
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Benchmark Treasury:
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UST 2.250% due August 15, 2049
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Benchmark Treasury Price/Yield:
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104-28+/2.029%
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Spread to Benchmark Treasury:
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+110 bps
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Yield:
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3.129%
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Make-Whole Call:
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T+20 bps for any redemption prior to August 15, 2059
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Par Call:
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On or after August 15, 2059
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CUSIP/ISIN:
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458140 BK5/US458140BK55
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Joint Book-Running Managers:
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Goldman Sachs & Co. LLC
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Wells Fargo Securities, LLC
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Co-Managers:
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Academy Securities, Inc.
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Drexel Hamilton, LLC
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Guzman & Company
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Samuel A. Ramirez & Company, Inc.
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*A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at
any time.
**Under Rule 15c6-1 of the Securities Exchange Act of 1934, as amended, trades in the secondary market
are required to settle in two business days, unless the parties to a trade expressly agree otherwise. Accordingly, purchasers who wish to trade notes prior to the second business day preceding the settlement
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date will be required, by virtue of the fact that the notes initially will settle in T+3, to specify alternative settlement arrangements to prevent a failed settlement.
The issuer has filed a registration statement (including a prospectus) and a preliminary prospectus supplement with the U.S. Securities and Exchange
Commission (the SEC) for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement, the preliminary prospectus supplement 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 the preliminary prospectus supplement if you request it by calling (i) Goldman Sachs & Co. LLC toll-free at 1-866 471-2526 or (ii) Wells Fargo Securities, LLC toll-free at (800) 645-3751.
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