Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp)
October 13 2016 - 5:26PM
Edgar (US Regulatory)
Filed Pursuant to Rule 433
Registration No. 333-209541
CSX Corporation
PRICING TERM SHEET
October 13, 2016
$700,000,000 2.600% Notes due 2026 (the “2026 Notes”)
$800,000,000 3.800% Notes due 2046 (the “2046 Notes”)
$700,000,000 4.250% Notes due 2066 (the “2066 Notes”)
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Issuer:
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CSX Corporation
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Ratings*:
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Baa1 / BBB+
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Security:
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2026 Notes: 2.600% Notes due 2026
2046 Notes:
3.800% Notes due 2046
2066 Notes: 4.250% Notes due 2066
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Size:
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2026 Notes: $700,000,000
2046 Notes:
$800,000,000
2066 Notes: $700,000,000
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Maturity Dates:
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2026 Notes: November 1, 2026
2046 Notes:
November 1, 2046
2066 Notes: November 1, 2066
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Coupon:
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2026 Notes: 2.600%
2046 Notes: 3.800%
2066 Notes: 4.250%
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Interest Payment Dates:
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May 1 and November 1, commencing May 1, 2017
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Price to Public:
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2026 Notes: 99.596%
2046 Notes: 99.431%
2066 Notes: 99.751%
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Benchmark Treasury:
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2026 Notes: 1.500% due August 15, 2026
2046
Notes: 2.500% due May 15, 2046
2066 Notes: 2.500% due May 15, 2046
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Benchmark Treasury Yield:
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2026 Notes: 1.746%
2046 Notes: 2.482%
2066 Notes: 2.482%
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Spread to Benchmark Treasury:
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2026 Notes: + 90 bps
2046 Notes: + 135 bps
2066 Notes: + 178 bps
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Yield:
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2026 Notes: 2.646%
2046 Notes: 3.832%
2066 Notes: 4.262%
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Make-Whole Call:
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2026 Notes: T + 15 bps
2046 Notes: T + 20
bps
2066 Notes: T + 30 bps
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Par Call:
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2026 Notes: Within three months prior to the maturity date
2046 Notes: Within six months prior to the maturity date
2066
Notes: Within six months prior to the maturity date
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Expected Settlement Date:
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October 18, 2016 (T+3)
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CUSIP / ISIN:
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2026 Notes: 126408 HE6 / US126408HE65
2046
Notes: 126408 HF3 / US126408HF31
2066 Notes: 126408 HG1 / US126408HG14
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Joint Book-Running Managers:
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Citigroup Global Markets Inc.
Credit Suisse
Securities (USA) LLC
J.P. Morgan Securities LLC
UBS
Securities LLC
Mizuho Securities USA Inc.
Morgan Stanley
& Co. LLC
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Senior Co-Manager:
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MUFG Securities Americas Inc.
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Co-Managers:
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PNC Capital Markets LLC
The Williams Capital
Group, L.P.
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*Note: 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) with the SEC for the offering to which this
communication relates. Before you invest, you should read the prospectus in that registration statement and the related 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 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 Citigroup Global Markets Inc. toll free at 1-800-831-9146, Credit Suisse Securities (USA) LLC toll free at 1-800-221-1037,
J.P. Morgan Securities LLC collect at 1-212-834-4533 or UBS Securities LLC toll free at 1-888-827-7275.
Any disclaimer or other notice that may appear below is not applicable to this communication and should be
disregarded. Such disclaimer or notice was automatically generated as a result of this communication being sent by Bloomberg or another email system.
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