- Free Writing Prospectus - Filing under Securities Act Rules 163/433 (FWP)
June 13 2011 - 2:54PM
Edgar (US Regulatory)
Filed Pursuant to Rule 433 under the Securities Act of 1933
Registration Statement No. 333-157597
Issuer Free Writing Prospectus, dated June 13, 2011
Final Term Sheet for
EATON CORPORATION
Floating Rate Notes due 2014
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Issuer:
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Eaton Corporation
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Securities Title:
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Floating Rate Notes due 2014
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Expected Ratings (Moodys/S&P/Fitch)*:
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A3 (stable) / A- (stable) / A- (stable)
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Principal Amount:
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$300,000,000
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Pricing Date:
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June 13, 2011
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Expected Settlement Date:
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T+3; June 16, 2011
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Maturity Date:
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June 16, 2014
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Price to Public:
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100% of principal amount
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Coupon:
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3-month USD LIBOR plus the spread
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Spread:
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Plus 33 basis points
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Interest Payment Dates:
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Quarterly on the 16
th
of March, June,
September and December, commencing on September 16, 2011
and ending on the Maturity Date
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Interest Reset Dates:
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Same as Interest Payment Dates, excluding the Maturity
Date
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Initial Base Rate
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3-month USD LIBOR, as determined on June 14, 2011
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Minimum Denominations:
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$2,000 and integral multiples of $1,000 in excess thereof
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Joint Book-Running Managers:
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Barclays Capital Inc.
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Morgan Stanley & Co. LLC
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UBS Securities LLC
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Co-Managers:
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Citigroup Global Markets Inc.
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J.P. Morgan Securities LLC
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Deutsche Bank Securities Inc.
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Merrill Lynch, Pierce, Fenner & Smith Incorporated
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KeyBanc Capital Markets Inc.
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Goldman, Sachs & Co.
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BNP Paribas Securities Corp.
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BNY Mellon Capital Markets, LLC
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Credit Suisse Securities (USA) LLC
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Svenska Handelsbanken AB (publ)
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Cusip/ISIN:
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278058 DJ8 / US278058DJ82
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*
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Note: None of these ratings is a recommendation to buy, sell or hold the Notes. Each rating is
subject to revision or withdrawal at any time and should be evaluated independently of any other
rating.
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The issuer has filed a registration statement (including a prospectus) with the SEC for the
offerings 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 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
Barclays Capital Inc. toll-free at 1-888-603-5847, Morgan Stanley & Co. LLC toll-free at
1-866-718-1649 and UBS Securities LLC toll-free at 1-877-827-6444 (ext. 561-3884).
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