Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp)

Date : 09/05/2019 @ 10:04AM
Source : Edgar (US Regulatory)
Stock : Coca Cola Company (KO)
Quote : 52.67  0.04 (0.08%) @ 12:59AM
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Last Trade
Last $ 52.60 ▼ -0.07 (-0.13%)

Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp)


Registration Statement No. 333-214273
Filed Pursuant to Rule 433
Supplementing the Preliminary
Prospectus Supplement
Dated September 4, 2019
(To Prospectus dated May 22, 2017)



Pricing Term Sheet


Fixed-Rate Notes due 2024 and 2029


The information in this pricing term sheet relates only to the offering of Notes (the “Notes Offering”) and should be read together with (i) the preliminary prospectus supplement dated September 4, 2019 relating to the Notes Offering, filed pursuant to Rule 424(b) under the Securities Act of 1933, as amended, including the documents incorporated by reference therein, and (ii) the related base prospectus dated May 22, 2017, which forms part of Registration Statement No. 333-214273.



The Coca-Cola Company




1.750% Notes due 2024

2.125% Notes due 2029



Offering Format:

SEC Registered



Principal Amount:

$1,000,000,000 of 2024 Notes

$1,000,000,000 of 2029 Notes



Maturity Date:

September 6, 2024 for 2024 Notes

September 6, 2029 for 2029 Notes




1.750% per year for 2024 Notes

2.125% per year for 2029 Notes



Price to Public:

99.819% of principal amount for 2024 Notes

99.964% of principal amount for 2029 Notes



Yield to Maturity:

1.788% for 2024 Notes

2.129% for 2029 Notes 



Spread to Benchmark Treasury:

+47 bps for 2024 Notes
+67 bps for 2029 Notes



Benchmark Treasury:

UST 1.250% due August 31, 2024 for 2024 Notes

UST 1.625% due August 15, 2029 for 2029 Notes



Benchmark Treasury Yield:

1.318% for 2024 Notes

1.459% for 2029 Notes



Benchmark Treasury Price:

99–21+ for 2024 Notes

101–17 for 2029 Notes



Interest Payment Dates:

Semiannually on March 6 and September 6, commencing on March 6, 2020 for the 2024 Notes

Semiannually on March 6 and September 6, commencing on March 6, 2020 for the 2029 Notes



Make-Whole Call:

+10 bps for 2024 Notes

+15 bps for 2029 Notes



Day Count Convention:

30 / 360



Trade Date:

September 4, 2019



Settlement Date:

September 6, 2019 (T+2)




191216 CL2 / US191216CL26 for 2024 Notes

191216 CM0 / US191216CM09 for 2029 Notes




$2,000 x $1,000



Expected Ratings*:

A1 by Moody’s Investors Service, Inc.

A+ by Standard & Poor’s Ratings Services

A by Fitch Ratings






Citigroup Global Markets Inc.
Credit Suisse Securities (USA) LLC

J.P. Morgan Securities LLC

BNP Paribas Securities Corp.

Wells Fargo Securities, LLC








Academy Securities, Inc.


ANZ Securities, Inc.


CastleOak Securities, L.P.


R. Seelaus & Co., LLC


Samuel A. Ramirez & Company, Inc.


*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 U.S. Securities and Exchange Commission (SEC) for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement 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 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, BNP Paribas Securities Corp. toll free at 1-800-854-5674, or Wells Fargo Securities, LLC toll-free at 1-800-645-3751.


Any legends, disclaimers or other notices that may appear below are not applicable to this communication and should be disregarded. Such legends, disclaimers or other notices have been automatically generated as a result of this communication having been sent via Bloomberg or another system.


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