Procter & Gamble Company
10/21/2024 | Press release | Distributed by Public on 10/21/2024 15:14
Free Writing Prospectus - Form FWP
FWP
Filed Pursuant to Rule 433
Registration No. 333-275071
October 21, 2024
Pricing Term Sheet
$1,000,000,000
The Procter & Gamble Company
$500,000,000 4.150% Notes due 2029
$500,000,000 4.550% Notes due 2034
| 4.150% Notes due 2029 | ||
| Issuer: | The Procter & Gamble Company | |
| Aggregate Principal Amount: | $500,000,000 | |
| Maturity Date: | October 24, 2029 | |
| Coupon (Interest Rate): | 4.150% | |
| Price to Public (Issue Price): | 99.812% of principal amount | |
| Yield to Maturity: | 4.192% | |
| Spread to Benchmark Treasury: | +22 basis points | |
| Benchmark Treasury: | 3.500% UST due September 30, 2029 | |
| Benchmark Treasury Yield: | 3.972% | |
| Interest Payment Dates: | April 24 and October 24, commencing April 24, 2025 | |
| Day Count Convention: | 30/360 | |
| Make-Whole Redemption: | At any time at the greater of 100% or a discount rate of Treasury plus 5 basis points | |
| Trade Date: | October 21, 2024 | |
| Settlement Date*: | October 24, 2024 (T+3) | |
| CUSIP Number: | 742718 GK9 | |
| ISIN Number: | US742718GK91 | |
| Denominations: | $2,000 x $1,000 |
| Joint Book-Running Managers: | Deutsche Bank Securities Inc. | |
| Goldman Sachs & Co. LLC | ||
| Morgan Stanley & Co. LLC | ||
| Senior Co-Managers: | Citigroup Global Markets Inc. | |
| HSBC Securities (USA) Inc. | ||
| Co-Managers: | BofA Securities, Inc. | |
| Barclays Capital Inc. | ||
| BBVA Securities Inc. | ||
| BNP Paribas Securities Corp. | ||
| RBC Capital Markets, LLC | ||
| PNC Capital Markets LLC | ||
| Siebert Williams Shank & Co., LLC | ||
| Standard Chartered Bank | ||
| Type of Offering: | SEC Registered | |
| Listing: | None | |
| Long-term Debt Ratings**: | Moody's: Aa3 (Stable); S&P: AA- (Stable) | |
| 4.550% Notes due 2034 | ||
| Issuer: | The Procter & Gamble Company | |
| Aggregate Principal Amount: | $500,000,000 | |
| Maturity Date: | October 24, 2034 | |
| Coupon (Interest Rate): | 4.550% | |
| Price to Public (Issue Price): | 100.000% of principal amount | |
| Yield to Maturity: | 4.550% | |
| Spread to Benchmark Treasury: | +37 basis points | |
| Benchmark Treasury: | 3.875% UST due August 15, 2034 | |
| Benchmark Treasury Yield: | 4.180% | |
| Interest Payment Dates: | April 24 and October 24, commencing April 24, 2025 | |
| Day Count Convention: | 30/360 |
| Make-Whole Redemption: | At any time at the greater of 100% or a discount rate of Treasury plus 10 basis points | |
| Trade Date: | October 21, 2024 | |
| Settlement Date*: | October 24, 2024 (T+3) | |
| CUSIP Number: | 742718 GL7 | |
| ISIN Number: | US742718GL74 | |
| Denominations: | $2,000 x $1,000 | |
| Joint Book-Running Managers: | Deutsche Bank Securities Inc. | |
| Goldman Sachs & Co. LLC | ||
| Morgan Stanley & Co. LLC | ||
| Senior Co-Managers: | Citigroup Global Markets Inc. | |
| HSBC Securities (USA) Inc. | ||
| Co-Managers: | BofA Securities, Inc. | |
| Barclays Capital Inc. | ||
| BBVA Securities Inc. | ||
| BNP Paribas Securities Corp. | ||
| RBC Capital Markets, LLC | ||
| PNC Capital Markets LLC | ||
| Siebert Williams Shank & Co., LLC | ||
| Standard Chartered Bank | ||
| Type of Offering: | SEC Registered | |
| Listing: | None | |
| Long-term Debt Ratings**: | Moody's: Aa3 (Stable); S&P: AA- (Stable) |
*Note: We expect that delivery of the notes will be made against payment therefor on or about the third business day following the date of pricing of the notes (such settlement cycle being referred to as "T+3"). Under Rule 15c6-1 of the Securities and Exchange Commission (the "SEC") under the Securities Exchange Act of 1934, as amended, trades in the secondary market generally are required to settle in one business day, unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade the notes on any date prior to the business day before delivery of the notes will be required, by virtue of the fact that the notes initially will settle in T+3 business days, to specify an alternate settlement cycle at the time of any such trade to prevent a failed settlement. Purchasers of the notes who wish to make such trades should consult their own advisors.
**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 Deutsche Bank Securities Inc. toll-free at 1-800-503-4611, Goldman Sachs & Co. LLC toll-free at 1-866-471-2526 and Morgan Stanley & Co. LLC toll-free at 1-866-718-1649.
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