Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp)
April 27 2020 - 3:58PM
Edgar (US Regulatory)
Filed Pursuant to Rule 433
Registration No. 333-225182
Supplementing the Preliminary Prospectus
Supplement dated April 27, 2020
(To Prospectus dated May 24, 2018)
Kohl’s Corporation
Final Term Sheet
April 27, 2020
$600,000,000 9.500% Notes due 2025
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Issuer:
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Kohl’s Corporation
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Security:
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9.500% Notes due 2025
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Aggregate Principal Amount:
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$600,000,000
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Expected Ratings:*
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Baa2 (neg) / BBB- (neg) / BBB- (neg)
(Moody’s / S&P / Fitch)
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Trade Date:
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April 27, 2020
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Settlement Date:
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April 29, 2020 (T+2)
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Interest Payment Dates:
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May 15 and November 15 of each year, commencing November 15, 2020
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Maturity Date:
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May 15, 2025
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Coupon (Interest Rate):
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9.500%
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Price to Public:
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99.990%
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Yield to Maturity:
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9.500%
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Make-Whole Call:
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Prior to April 15, 2025; T+50 bps
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Par Call:
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On or after April 15, 2025
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CUSIP / ISIN:
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500255 AW4 / US500255AW45
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Joint Book-Running Managers:
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Goldman Sachs & Co. LLC
Morgan Stanley & Co. LLC
Wells Fargo Securities, LLC
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Senior Co-Managers:
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BofA Securities, Inc.
J.P. Morgan Securities LLC
U.S. Bancorp Investments, Inc.
MUFG Securities Americas Inc.
BMO Capital Markets Corp.
TD Securities (USA) LLC
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Co-Managers:
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Capital One Securities, Inc.
Fifth Third Securities, Inc.
HSBC Securities (USA) Inc.
BNY Mellon Capital Markets, LLC
PNC Capital Markets LLC
Comerica Securities, Inc.
Siebert Williams Shank & Co.,
LLC
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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 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 Goldman
Sachs & Co. LLC toll-free at 1-866-471-2526, Morgan Stanley & Co. LLC toll-free at 1-866-718-1649 or Wells Fargo Securities, LLC toll-free at 1-800-645-3751.
Any disclaimers or other notices that may appear below are not applicable to this
communication and should be disregarded. Such disclaimers were automatically generated as a result of this communication being sent via Bloomberg or another email system.
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