Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp)
August 08 2019 - 5:25PM
Edgar (US Regulatory)
Free Writing Prospectus
(To the Preliminary Prospectus Supplement dated August 8, 2019)
Filed pursuant to Rule 433
Registration Statement No. 333-231592
The Hartford Financial Services Group, Inc.
$600,000,000
2.800%
Senior Notes due 2029
FINAL TERM SHEET
Dated August 8, 2019
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Issuer:
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The Hartford Financial Services Group, Inc.
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Security:
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SEC Registered Senior Unsecured Notes
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Specified Currency:
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U.S. Dollars
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Principal Amount:
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$600,000,000
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Expected Ratings*:
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Moody’s: Baa1 (Stable) / S&P: BBB+ (Stable)
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Trade Date:
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August 8, 2019
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Settlement Date (T+7)**:
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August 19, 2019
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Maturity Date:
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August 19, 2029
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Coupon:
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2.800%
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Day Count Convention:
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30/360, unadjusted
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Benchmark Treasury:
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2.375% US Treasury due May 15, 2029
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Benchmark Treasury Price:
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105-28+
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Benchmark Treasury Yield:
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1.717%
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Spread to Treasury:
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112 basis points
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Yield to Maturity:
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2.837%
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Price to Public:
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99.680% of principal amount
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Interest Payment Dates:
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Semi-annually in arrears on February 19 and August 19, commencing February 19, 2020
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Optional Redemption:
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Make-Whole Call:
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+20 basis points prior to May 19, 2029 (3 months prior to maturity)
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Par Call:
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On or after May 19, 2029
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Concurrent Debt Offering:
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The Issuer is also offering $800,000,000 aggregate principal amount of its 3.600% Senior Notes due 2049 (the “2049 notes”), using a separate Final Term Sheet
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Proceeds (after underwriting discount and before expenses) to Issuer:
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$594,180,000 (99.03% of principal amount), and together with the proceeds (after underwriting discount and before expenses) of the offering of the 2049 notes,
$1,378,196,000
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1
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Authorized Denominations:
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$2,000 and integral multiples of $1,000 in excess thereof
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CUSIP/ISIN:
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416515 BE3 / US416515BE33
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Joint Book-Running Managers:
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Credit Suisse Securities (USA) LLC
J.P. Morgan
Securities LLC
U.S. Bancorp Investments, Inc.
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Senior
Co-Managers:
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Barclays Capital Inc.
BofA Securities, Inc.
Citigroup Global Markets Inc.
Deutsche Bank Securities Inc.
Goldman Sachs & Co. LLC
ING Financial Markets LLC
Wells Fargo Securities, LLC
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Co-Managers:
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BB&T Capital Markets, a division of BB&T Securities, LLC
BNY Mellon Capital Markets, LLC
KeyBanc Capital Markets Inc.
Morgan Stanley & Co. LLC
Academy Securities, Inc.
Drexel Hamilton, LLC
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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 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 Credit Suisse
Securities (USA) LLC toll free at
1-800-221-1037
or by calling J.P. Morgan Securities LLC collect at
212-834-4533.
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*
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The security ratings above are not a recommendation to buy, sell or hold the securities offered hereby. The
ratings are subject to revision or withdrawal at any time by Moody’s or S&P. Each of the security ratings above should be evaluated independently of any other security rating.
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**
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The Issuer expects that delivery of the notes will be made to investors on or about August 19, 2019,
which is the seventh business day following the date hereof (such settlement being referred to as “T+7”). Under Rule
15c6-1
under the Securities Exchange Act of 1934, as amended, trades in the
secondary market generally are required to settle in two business days, unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade the notes prior to the second business day prior to the closing of the
offering will be required, by virtue of the fact that the notes initially will settle in T+7, to specify alternate settlement arrangements to prevent a failed settlement, and such purchasers should consult their advisors.
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ANY DISCLAIMERS OR OTHER NOTICES THAT MAY APPEAR BELOW ARE NOT APPLICABLE TO THIS COMMUNICATION AND SHOULD BE DISREGARDED. SUCH DISCLAIMERS OR OTHER
NOTICES WERE AUTOMATICALLY GENERATED AS A RESULT OF THIS COMMUNICATION BEING SENT VIA BLOOMBERG OR ANOTHER
E-MAIL
SYSTEM.
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