Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp)
May 09 2017 - 6:12AM
Edgar (US Regulatory)
Filed pursuant to Rule 433
Registration No. 333-207633
Issuer Free Writing Prospectus dated May 8, 2017
Relating to Preliminary Prospectus Supplement dated May 8, 2017
Term Sheet
May 8, 2017
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Issuer:
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Intel Corporation
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Anticipated Ratings:*
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A1 (Moody’s)/A+ (S&P)/A+ (Fitch)
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Security Type:
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SEC Registered
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Trade Date:
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May 8, 2017
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Expected Settlement Date:
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May 11, 2017 (T+3)
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Use of proceeds:
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General corporate purposes, which may include refinancing of outstanding debt or share repurchases
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Floating Rate Notes due 2020
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Size:
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$700,000,000
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Maturity Date:
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May 11, 2020
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Coupon:
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Three-month LIBOR plus 8 bps
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Interest Payment Dates:
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February 11, May 11, August 11 and November 11, commencing on August 11, 2017
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Price to Public:
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100.000%
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Optional redemption:
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None
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CUSIP/ISIN:
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458140BA7/US458140BA73
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Floating Rate Notes due 2022
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Size:
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$800,000,000
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Maturity Date:
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May 11, 2022
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Coupon:
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Three-month LIBOR plus 35 bps
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Interest Payment Dates:
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February 11, May 11, August 11 and November 11, commencing on August 11, 2017
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Price to Public:
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100.000%
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Optional redemption:
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None
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CUSIP/ISIN:
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458140BC3/US458140BC30
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1.850% Senior Notes due 2020
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Size:
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$1,000,000,000
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Maturity Date:
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May 11, 2020
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Coupon:
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1.850%
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Interest Payment Dates:
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May 11 and November 11 commencing on November 11, 2017
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Price to Public:
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99.962%
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Benchmark Treasury:
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UST 1.500% due April 15, 2020
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Benchmark Treasury Yield:
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1.533%
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Spread to Benchmark Treasury:
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+33 bps
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Yield:
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1.863%
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Make-Whole Call:
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T+5 bps for any redemption prior to maturity
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Par Call:
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None
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CUSIP/ISIN:
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458140AZ3/US458140AZ34
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2.350% Senior Notes due 2022
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Size:
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$750,000,000
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Maturity Date:
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May 11, 2022
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Coupon:
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2.350%
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Interest Payment Dates:
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May 11 and November 11 commencing on November 11, 2017
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Price to Public:
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99.939%
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Benchmark Treasury:
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UST 1.875% due April 30, 2022
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Benchmark Treasury Yield:
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1.913%
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Spread to Benchmark Treasury:
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+45 bps
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Yield:
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2.363%
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Make-Whole Call:
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T+10 bps for any redemption prior to April 11, 2022
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Par Call:
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On or after April 11, 2022
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CUSIP/ISIN:
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458140BB5/US458140BB56
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2.875% Senior Notes due 2024
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Size:
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$1,250,000,000
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Maturity Date:
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May 11, 2024
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Coupon:
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2.875%
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Interest Payment Dates:
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May 11 and November 11 commencing on November 11, 2017
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Price to Public:
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99.975%
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Benchmark Treasury:
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UST 2.000% due April 30, 2024
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Benchmark Treasury Yield:
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2.199%
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Spread to Benchmark Treasury:
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+68 bps
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Yield:
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2.879%
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Make-Whole Call:
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T+12.5 bps for any redemption prior to March 11, 2024
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Par Call:
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On or after March 11, 2024
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CUSIP/ISIN:
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458140BD1/US458140BD13
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3.150% Senior Notes due 2027
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Size:
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$1,000,000,000
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Maturity Date:
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May 11, 2027
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Coupon:
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3.150%
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Interest Payment Dates:
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May 11 and November 11 commencing on November 11, 2017
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Price to Public:
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99.668%
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Benchmark Treasury:
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UST 2.250% due February 15, 2027
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Benchmark Treasury Yield:
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2.389%
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Spread to Benchmark Treasury:
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+80 bps
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Yield:
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3.189%
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Make-Whole Call:
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T+15 bps for any redemption prior to February 11, 2027
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Par Call:
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On or after February 11, 2027
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CUSIP/ISIN:
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458140AX8/US458140AX85
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4.100% Senior Notes due 2047
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Size:
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$1,000,000,000
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Maturity Date:
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May 11, 2047
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Coupon:
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4.100%
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Interest Payment Dates:
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May 11 and November 11 commencing on November 11, 2017
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Price to Public:
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99.419%
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Benchmark Treasury:
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UST 2.875% due November 15, 2046
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Benchmark Treasury Yield:
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3.034%
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Spread to Benchmark Treasury:
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+110 bps
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Yield:
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4.134%
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Make-Whole Call:
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T+20 bps for any redemption prior to November 11, 2046
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Par Call:
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On or after November 11, 2046
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CUSIP/ISIN:
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458140AY6/US458140AY68
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Joint Book-Running Managers:
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J.P. Morgan Securities LLC
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Morgan Stanley & Co. LLC
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Citigroup Global Markets Inc.
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Co-Managers:
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Blaylock Van, LLC
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Samuel A. Ramirez & Company, Inc.
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*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 preliminary prospectus supplement with the U.S.
Securities and Exchange Commission (the “SEC”) for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement, the preliminary 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 and the preliminary prospectus supplement if you request it by calling (i) J.P. Morgan Securities LLC collect at
1-212-834-4533
or (ii) Morgan Stanley & Co. LLC toll-free at
1-866-718-1649.
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