Issuer:
|
Eaton Corporation | |
Securities Title:
|
5.95% Notes due 2014 | |
| 6.95% Notes due 2019 | ||
Expected Ratings:
|
A3 / A- / A- | |
Ranking:
|
Senior Unsecured | |
Principal Amount:
|
$250 million of 2014 Notes | |
| $300 million of 2019 Notes | ||
Pricing Date:
|
March 11, 2009 | |
Expected Settlement Date:
|
T+3; March 16, 2009 | |
Maturity Date:
|
March 20, 2014 for 2014 Notes | |
| March 20, 2019 for 2019 Notes | ||
Price to Public:
|
99.965% of principal amount of 2014 Notes | |
| 99.494% of principal amount of 2019 Notes | ||
Coupon:
|
5.95% per annum for 2014 Notes | |
| 6.95% per annum for 2019 Notes | ||
Interest Payment Dates:
|
Semi-annually on March 20 and September 20, commencing on September 20, 2009 and ending on the Maturity Date | |
Interest Payment Record Dates:
|
March 5 and September 5 immediately preceding the applicable Interest Payment Date | |
Benchmark Treasury:
|
1.875% due February 28, 2014 for 2014 Notes | |
| 2.750% due February 15, 2019 for 2019 Notes | ||
Benchmark Treasury Yield:
|
1.958% for 2014 Notes | |
| 2.921% for 2019 Notes | ||
Benchmark Treasury Price:
|
99-19+ for 2014 Notes | |
| 98-17 for 2019 Notes | ||
Spread to Benchmark Treasury:
|
Plus 400 basis points for 2014 Notes | |
| Plus 410 basis points for 2019 Notes | ||
Yield to Maturity:
|
5.958% for 2014 Notes | |
| 7.021% for 2019 Notes |
1
Make-Whole Call:
|
Treasury rate plus 50 basis points for 2014 Notes | |
| Treasury rate plus 50 basis points for 2019 Notes | ||
Day Count:
|
30/360 | |
Minimum Denominations:
|
$2,000 and integral multiples of $1,000 in excess thereof | |
Joint Book-Running Managers:
|
Banc of America Securities LLC | |
| Goldman, Sachs & Co. | ||
| UBS Securities LLC | ||
Cusip:
|
278058 DG4 for 2014 Notes | |
| 278058 DH2 for 2019 Notes |
2