Free Writing Prospectus Filed Pursuant to Rule 433

To Prospectus dated November 30, 2017

Preliminary Prospectus Supplement dated February 27, 2018

Registration Statement File No. 333-221824

ANTHEM, INC.

Offering of:

$1,250,000,000 4.101% Notes due 2028 (the “2028 Notes”)

$850,000,000 4.550% Notes due 2048 (the “2048 Notes”)

(the “Offering”)

Pricing Term Sheet dated

February 27, 2018

 

 

The information in this pricing term sheet relates to the Offering and should be read together with the preliminary prospectus supplement dated February 27, 2018 (the “Preliminary Prospectus Supplement”), including the documents incorporated by reference therein and the related base prospectus dated November 30, 2017, filed pursuant to Rule 424(b) under the Securities Act of 1933, as amended (Registration Statement File No. 333-221824). Terms used but not defined herein, with respect to the Offering, have the meanings ascribed to them in the Preliminary Prospectus Supplement.

 

 

 

Company    Anthem, Inc., an Indiana corporation
Ratings*    Baa2 / A / BBB (Moody’s / S&P / Fitch)
Pricing Date    February 27, 2018
Trade Date    February 27, 2018
Settlement Date    March 2, 2018 (T+3)
Aggregate Principal Offering Amount    $1,250,000,000 for the 2028 Notes
$850,000,000 for the 2048 Notes
Maturity Date    March 1, 2028 for the 2028 Notes
March 1, 2048 for the 2048 Notes
Coupon (Interest Rate)    4.101% for the 2028 Notes
4.550% for the 2048 Notes
Price to Public (Issue Price)    100% of the face amount for the 2028 Notes
99.659% of the face amount for the 2048 Notes
Yield to Maturity    4.101% for the 2028 Notes
4.571% for the 2048 Notes
Spread to Benchmark Treasury    T + 120 basis points for the 2028 Notes
T + 140 basis points for the 2048 Notes
Benchmark Treasury    2.750% due February 15, 2028 for the 2028 Notes
2.750% due November 15, 2047 for the 2048 Notes
Benchmark Treasury Price / Yield    98-22+ / 2.901% for the 2028 Notes
91-30 / 3.171% for the 2048 Notes

Interest Payment Dates    March 1 and September 1, commencing September 1, 2018 for the 2028 and 2048 Notes
Optional Redemption Provisions   

For the 2028 Notes: On or after May 1, 2020 and prior to December 1, 2027 (the date that is three months prior to the maturity date), make-whole call at Treasury rate plus 20 basis points; par call at any time on or after December 1, 2027

 

For the 2048 Notes: Prior to September 1, 2047 (the date that is six months prior to the maturity date), make-whole call at Treasury rate plus 25 basis points; par call at any time on or after September 1, 2047

Denomination    $1,000 and integral multiples of $1,000 in excess thereof
Day Count Convention    30/360
Payment Business Days    New York
CUSIP/ISIN Number    036752 AG8 / US036752AG89 for the 2028 Notes
036752 AH6 / US036752AH62 for the 2048 Notes
Joint Book-Running Managers   

Credit Suisse Securities (USA) LLC ( 2028 Notes and 2048 Notes )

Barclays Capital Inc. ( 2028 Notes and 2048 Notes )
Morgan Stanley Securities & Co. LLC ( 2028 Notes and 2048 Notes )
Mizuho Securities USA LLC ( 2028 Notes and 2048 Notes )

Senior Co-Managers   

Citigroup Global Markets Inc. ( 2028 Notes and 2048 Notes )
Deutsche Bank Securities Inc. ( 2028 Notes and 2048 Notes )
Goldman Sachs & Co. LLC ( 2028 Notes and 2048 Notes )
Wells Fargo Securities, LLC ( 2028 Notes and 2048 Notes )

HSBC Securities (USA) Inc. ( 2048 Notes )
SunTrust Robinson Humphrey, Inc. ( 2048 Notes )

U.S. Bancorp Investments, Inc. ( 2048 Notes )

Junior Co-Managers    BNY Mellon Capital Markets, LLC ( 2048 Notes )
PNC Capital Markets LLC ( 2048 Notes )
RBC Capital Markets, LLC ( 2048 Notes )
SMBC Nikko Securities America, Inc. ( 2048 Notes )
The Huntington Investment Company ( 2048 Notes )

Selling Securityholders of the 2028 Notes

  

Selling Securityholders

  

Principal
Amount of
2028 Notes Beneficially Owned and Offered

Credit Suisse Securities (USA) LLC

   $287,500,000

Barclays Capital Inc.

   250,000,000

Morgan Stanley & Co. LLC

   250,000,000

Mizuho Securities USA LLC

   137,500,000

Citigroup Global Markets Inc.

   81,250,000

Deutsche Bank Securities Inc.

   81,250,000

Goldman Sachs & Co. LLC

   81,250,000

Wells Fargo Securities, LLC

   81,250,000

Total

   $1,250,000,000

 

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*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. It is expected that delivery of the notes will be made against payment thereof on or about March 2, 2018, which will be the third business day following the date of the pricing of the notes (such settlement being referred to as “T+3”). Under Rule 15c6-1 under the Exchange Act, trades in the secondary market are generally required to settle in two business days, unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade notes on the date of pricing will be required, by virtue of the fact that the notes will initially settle in T+3, to specify an alternate settlement arrangement at the time of any such trade to prevent a failed settlement.

The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates (File No. 333-221824). 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 the Offering. You may get these documents for free by visiting EDGAR on the SEC Website at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the Offering will arrange to send you the base prospectus and the Preliminary Prospectus Supplement if you request them by calling Credit Suisse Securities (USA) LLC at 1-800-221-1037, Barclays Capital Inc. at 1-888-603-5847 or Morgan Stanley Securities & Co. LLC at 1-866-718-1649.

This communication should be read in conjunction with the Preliminary Prospectus Supplement and the accompanying base prospectus. The information in this communication supersedes the information in the Preliminary Prospectus Supplement and the accompanying base prospectus to the extent inconsistent with the information in the Preliminary Prospectus Supplement and the accompanying base prospectus.

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.

 

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