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Free Writing Prospectus |
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Filed on February 24, 2015 Pursuant to Rule 433 |
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Registration Statement No. 333-189633 |
KIMBERLY-CLARK CORPORATION
$250,000,000 1.850% Notes due March 1, 2020
$250,000,000 2.650% Notes due March 1, 2025
PRICING TERM SHEET
Dated February 24, 2015
$250,000,000 1.850% Notes due March 1, 2020
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Issuer: |
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Kimberly-Clark Corporation |
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Security Type: |
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Senior Notes |
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Offering Format: |
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SEC Registered |
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Principal Amount: |
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$250,000,000 |
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Maturity Date: |
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March 1, 2020 |
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Coupon: |
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1.850% |
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Interest Payment Dates: |
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Semi-annually on March 1 and September 1, commencing September 1, 2015 |
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Interest Record Dates: |
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February 15 and August 15 |
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Price to Public: |
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99.938% of the principal amount |
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Net Proceeds After Underwriting Discount and Before Other Expenses: |
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$248,970,000 |
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Benchmark Treasury: |
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1.250% due January 31, 2020 |
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Benchmark Treasury Yield: |
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1.463% |
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Spread to Benchmark Treasury: |
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40 bps |
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Yield to Maturity: |
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1.863% |
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Optional Redemption: |
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The 2020 Notes will be redeemable, at the option of Kimberly-Clark Corporation, at any time, in whole or in part, at a redemption price equal to the greater of (i) 100% of the principal amount of the 2020 Notes to be redeemed and (ii) the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted, on a semi-annual basis, at the applicable treasury rate plus 6 basis points, plus, in each case, accrued and unpaid interest to the date of redemption. |
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Change of Control: |
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Kimberly-Clark Corporation will be required to make an offer to repurchase the 2020 Notes at a price of 101% of the principal amount plus accrued and unpaid interest upon a Change of Control Repurchase Event. |
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Expected Settlement Date: |
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February 27, 2015 (T+3) |
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CUSIP: |
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494368 BP7 |
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ISIN: |
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US494368BP76 |
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Joint Book-Running Managers: |
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Citigroup Global Markets Inc. |
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Co-Managers: |
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Barclays Capital Inc. |
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$250,000,000 2.650% Notes due March 1, 2025 |
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Issuer: |
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Kimberly-Clark Corporation | ||
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Security Type: |
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Senior Notes | ||
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Offering Format: |
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SEC Registered | ||
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Principal Amount: |
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$250,000,000 | ||
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Maturity Date: |
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March 1, 2025 | ||
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Coupon: |
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2.650% | ||
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Interest Payment Dates: |
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Semi-annually on March 1 and September 1, commencing September 1, 2015 | ||
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Interest Record Dates: |
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February 15 and August 15 | ||
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Price to Public: |
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99.712% of the principal amount | ||
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Net Proceeds After Underwriting Discount and Before Other Expenses: |
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$248,155,000 | ||
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Benchmark Treasury: |
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2.000% due February 15, 2025 | ||
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Benchmark Treasury Yield: |
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1.983% | ||
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Spread to Benchmark Treasury: |
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70 bps | ||
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Yield to Maturity: |
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2.683% | ||
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Optional Redemption: |
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The 2025 Notes will be redeemable, at the option of Kimberly-Clark Corporation, at any time, in whole or in part, at a redemption price equal to the greater of (i) 100% of the principal amount of the 2025 Notes to be redeemed and (ii) the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted, on a semi-annual basis, at the applicable treasury rate plus 11 basis points, plus, in each case, accrued and unpaid interest to the date of redemption. | ||
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Change of Control: |
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Kimberly-Clark Corporation will be required to make an offer to repurchase the 2025 Notes at a price of 101% of the principal amount plus accrued and unpaid interest upon a Change of Control Repurchase Event. | ||
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Expected Settlement Date: |
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February 27, 2015 (T+3) | ||
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CUSIP: |
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494368 BQ5
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ISIN: |
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US494368BQ59
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Joint Book-Running Managers: |
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Citigroup Global Markets Inc. |
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Co-Managers: |
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Barclays Capital Inc. |
The issuer has filed a registration statement (No. 333-189633) (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 each of these documents 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 website 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 Citigroup Global Markets Inc. toll-free at 800-831-9146, Deutsche Bank Securities Inc. toll-free at 800-503-4611, J.P. Morgan Securities LLC collect at 212-834-4533 or Morgan Stanley & Co. LLC toll-free at 866-718-1649.