Filed pursuant to Rule 433
Registration No. 333-190491
Issuer Free Writing Prospectus dated February 23, 2016
Relating to Prospectus Supplement dated February 23, 2016
and Prospectus Supplement dated February 27, 2014
Pricing Term Sheet for 4.500% Senior Notes due 2024
| Issuer: | Juniper Networks, Inc. | |
| Principal Amount: | $150,000,000. The notes offered hereby will be part of the same series of notes as the $350,000,000 aggregate principal amount of 4.500% Senior Notes due 2024 issued and sold by Juniper Networks, Inc. on February 27, 2014. Upon settlement, the notes will be fungible with and treated as a single series with these existing notes, and the aggregate principal amount of the existing notes and the notes offered hereby will be $500,000,000 | |
| Maturity Date: | March 15, 2024 | |
| Coupon: | 4.500% | |
| Public Offering Price: | 98.387% of the principal amount thereof, plus interest accrued since September 15, 2015 to, but not including, February 26, 2016 | |
| Accrued Interest | $3,018,750 | |
| Yield to Maturity: | 4.743% | |
| Spread to Benchmark Treasury: | +300 basis points | |
| Benchmark Treasury: | 1.625% due February 15, 2026 | |
| Benchmark Treasury Spot and Yield: | 98-29+ / 1.743% | |
| Interest Payment Dates: | March 15 and September 15, beginning March 15, 2016 | |
| Make-Whole Call: | Treasury plus 30 basis points | |
| Distribution Method: | SEC Registered | |
| Trade Date: | February 23, 2016 | |
| Settlement Date: | T+3, February 26, 2016 | |
| Denominations: | $2,000 and multiples of $1,000 above that amount | |
| CUSIP/ISIN: | 48203R AG9 / US48203RAG92 | |
| Expected Ratings (Moody’s/S&P)*: | Baa2 / BBB | |
| Joint Book-Running Managers: | Barclays Capital Inc. Citigroup Global Markets Inc. J.P. Morgan Securities LLC Merrill Lynch, Pierce, Fenner & Smith Incorporated UBS Securities LLC | |
* 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) and a prospectus supplement with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement, the prospectus supplement 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 and prospectus supplement if you request it by (i) calling Barclays Capital Inc. toll-free at 1-888-603-5847, (ii) calling Citigroup Global Markets Inc. toll-free at 1-800-831-9146 or (iii) calling J.P. Morgan Securities LLC collect at 1-212-834-4533.
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