- Free Writing Prospectus - Filing under Securities Act Rules 163/433 (FWP)
August 04 2010 - 6:05AM
Edgar (US Regulatory)
Filed pursuant to Rule 433
August 3, 2010
Relating to
Preliminary Prospectus Supplement dated August 3, 2010 to
Prospectus dated November 6, 2007
Registration Statement No. 333-147180
MetLife, Inc.
$250,000,000 Floating Rate Senior Notes due 2013
Final Term Sheet
August 3, 2010
Floating Rate Senior Notes due 2013
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Issuer:
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MetLife, Inc. (Issuer)
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Securities:
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Floating Rate Senior Notes due 2013
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Aggregate Principal Amount:
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$250,000,000
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Price to the Public:
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100% of principal amount
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Gross Underwriting Discount:
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0.20%
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Proceeds to Issuer Before Expenses:
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$249,500,000.00
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Stated Maturity Date:
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August 6, 2013
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Pricing Date:
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August 3, 2010
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Settlement Date:
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August 6, 2010
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Interest Rate:
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Three-month LIBOR, reset quarterly on
each Interest Reset Date, plus 1.25%
per year.
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Interest Reset Date means each Interest
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Payment Date, subject to the
Business Day Convention (as defined
below).
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Interest Payment Dates:
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February 6, May 6, August 6 and
November 6 of each year. If any
Interest Payment Date (other than the
Stated Maturity Date or a Special
Mandatory Redemption Date (as defined
below)) is not a Business Day, that
Interest Payment Date will be
postponed to the next day that is a
Business Day, except that if such
Business Day is in the immediately
succeeding calendar month, such
Interest Payment Date (other than the
Stated Maturity Date or a Special
Mandatory Redemption Date) will be the
immediately preceding Business Day
(the Business Day Convention). If
the Stated Maturity Date or a Special
Mandatory Redemption Date is not a
Business Day, MetLife, Inc. will pay
interest and principal and premium, if
any, on the next day that is a
Business Day and no interest will
accrue for the period from and after
the Stated Maturity Date or a Special
Mandatory Redemption Date.
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Business Day means, with respect to
the Floating Rate Senior Notes, any
day other than a day on which the
federal or state banking institutions
in the Borough of Manhattan, The City
of New York, are authorized or
obligated by law, executive order or
regulation to close.
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First Interest Payment Date:
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November 6, 2010
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Anticipated Ratings*:
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A3 (Moodys) / A- (S&P) / A- (Fitch)
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Denominations:
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$100,000 and integral multiples of
$1,000 in excess thereof
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Ranking:
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Senior Unsecured
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2
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Special Mandatory Redemption:
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If, for any reason, (i) the
Acquisition is not completed on or
prior to July 10, 2011, or (ii) the
Stock Purchase Agreement is terminated
on or prior to July 10, 2011, MetLife,
Inc. will redeem all of the Floating
Rate Senior Notes on the Special
Mandatory Redemption Date at the
Special Mandatory Redemption Price.
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Special Mandatory Redemption Price
means 101% of the aggregate principal
amount of the Floating Rate Senior
Notes together with accrued and unpaid
interest to but excluding the Special
Mandatory Redemption Date.
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Special Mandatory Redemption Date
means the earlier to occur of (1) July 31, 2011 if the Acquisition has not
been completed on or prior to July 10,
2011 or (2) the 30th day (or if such
day is not a Business Day, the first
Business Day thereafter) following the
termination of the Stock Purchase
Agreement.
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CUSIP/ISIN:
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59156RAZ1 / US59156RAZ10
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Joint Book-Running Managers:
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Banc of America Securities LLC
Credit Suisse Securities (USA) LLC
Deutsche Bank Securities Inc.
HSBC Securities (USA) Inc.
UBS Securities LLC
Wells Fargo Securities, LLC
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*
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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.
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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
3
participating
in the offering will arrange to send you the prospectus if you request it by calling Deutsche Bank Securities Inc. toll free at (800) 503-4611 or UBS Securities LLC toll
free at (877) 827-6444, ext. 561-3884.
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