Filed Pursuant to Rule 433
Registration Statement No. 333-164611
Pricing Term Sheet
BERKSHIRE HATHAWAY INC.
Pricing Term Sheet
$1,100,000,000 1.90% Senior Notes due 2017
$600,000,000 3.40% Senior Notes due 2022
| Issuer: |
Berkshire Hathaway Inc. | |
| Rating* |
Aa2/AA+/A+ (Stable/Negative/Stable) | |
| Trade Date: |
January 24, 2012 | |
| Settlement Date: |
January 31, 2012 (T+5) | |
| Bookrunners: |
Goldman, Sachs & Co. Merrill Lynch, Pierce, Fenner & Smith Incorporated | |
| 1.90% Senior Notes due 2017 | ||
| Principal Amount: |
$1,100,000,000 | |
| Maturity Date: |
January 31, 2017 | |
| Issue Price (Price to Public): |
99.995% | |
| Gross Spread: |
32.5 bps | |
| Proceeds to Issuer: |
$1,096,370,000 | |
| Interest Rate: |
1.90% per annum | |
| Benchmark Treasury: |
0.875% due December 31, 2016 | |
| Benchmark Treasury Yield: |
0.901% | |
| Spread to Benchmark Treasury: |
100 bps | |
| Yield to Maturity: |
1.901% | |
| Interest Payment Dates: |
Each January 31 and July 31, commencing July 31, 2012 | |
| Optional Redemption |
None | |
| Minimum Denomination: |
$2,000 and integral multiples of $1,000 in excess thereof | |
| CUSIP: |
084670 BD9 | |
| ISIN: |
US084670BD98 | |
| 3.40% Senior Notes due 2022 | ||
| Principal Amount: |
$600,000,000 | |
| Maturity Date: |
January 31, 2022 | |
| Issue Price (Price to Public): |
99.723% | |
| Gross Spread: |
42.5 bps | |
| Proceeds to Issuer: |
$595,788,000 | |
| Interest Rate: |
3.40% per annum | |
| Benchmark Treasury: |
2.000% due November 15, 2021 | |
| Benchmark Treasury Yield: |
2.058% | |
| Spread to Benchmark Treasury: |
137.5 bps | |
| Yield to Maturity: |
3.433% | |
| Interest Payment Dates: |
Each January 31 and July 31, commencing July 31, 2012 | |
| Optional Redemption |
None | |
| Minimum Denomination: |
$2,000 and integral multiples of $1,000 in excess thereof | |
| CUSIP: |
084670 BF4 | |
| ISIN: |
US084670BF47 | |
*Note: A securities rating is not a recommendation to buy, sell or hold securities and may be revised or withdrawn at any time.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 Goldman, Sachs & Co. toll-free at 1-866-471-2526 or Merrill Lynch, Pierce, Fenner & Smith Incorporated toll-free at 1-800-294-1322.