Issuer:

Hewlett-Packard Company

Ticker:

HPQ

Format:

SEC Registered Global

Security Ratings:

A2 (Moody’s Investors Service) / A (Standard & Poor’s) / A+ (Fitch Ratings)

Trade Date:

February 25, 2008

March 3, 2008

Settlement Date:

We expect that delivery of the notes will be made against payment therefor on or about March 3, 2008, which will be the 5th business day following the date of pricing of the Global Notes (such settlement cycle being herein referred to as “T + 5”). Under Rule 15c6-1 under the Securities Exchange Act of 1934, as amended, trades in the secondary market generally are required to settle in three business days, unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade Global Notes on the date of pricing or the next succeeding business day will be required, by virtue of the fact that the Global Notes initially will settle T + 5, to specify an alternate settlement cycle at the time of any such trade to prevent a failed settlement. Purchasers of Global Notes who wish to trade such notes on the date of pricing or the next succeeding business day should consult their own advisor.

Maturity Date:

March 1, 2018

Aggregate Principal Amount Offered:

$750,000,000

Price to Public (Issue Price):

99.932%

Global Note Denominations:

Rather than stated in the Prospectus dated May 22, 2006, the Notes will be issued in the form of one or more fully registered global securities in minimum denominations of $2,000 and integral multiples of $1,000 in excess thereof.

Benchmark:

3.500% due February 15, 2018

Benchmark Yield

3.889%

Interest Rate:

5.500%

Interest Payment Dates:

Semi-annual on the 1st of March and September of each year, beginning on September 1, 2008

Optional Redemption:

Greater of Par or Make-Whole at Treasury Rate + 30  basis points

Joint Bookrunners:

Banc of America Securities LLC
HSBC Securities (USA) Inc.
J.P. Morgan Securities Inc.
Lehman Brothers Inc.

Co-Managers:

BNP Paribas Securities Corp.
Credit Suisse Securities (USA) LLC
Deutsche Bank Securities Inc.
Greenwich Capital Markets, Inc.
Morgan Stanley & Co. Incorporated
SG Americas Securities, LLC