PROSPECTUS SUPPLEMENT
(To Prospectus Dated July 23, 2019)
$6,000,000,000
NIKE, Inc.
$1,000,000,000 2.400% Notes due 2025
$1,000,000,000 2.750% Notes due 2027
$1,500,000,000 2.850% Notes due 2030
$1,000,000,000 3.250% Notes due 2040
$1,500,000,000 3.375% Notes due 2050
We are offering $1,000,000,000
aggregate principal amount of our 2.400% notes due 2025 (the 2025 notes), $1,000,000,000 aggregate principal amount of our 2.750% notes due 2027 (the 2027 notes), $1,500,000,000 aggregate principal amount of our 2.850% notes
due 2030 (the 2030 notes), $1,000,000,000 aggregate principal amount of our 3.250% notes due 2040 (the 2040 notes) and $1,500,000,000 aggregate principal amount of our 3.375% notes due 2050 (the 2050 notes and,
together with the 2025 notes, the 2027 notes, the 2030 notes and the 2040 notes, the notes). The 2025 notes will bear interest at the rate of 2.400% per year and will mature on March 27, 2025, the 2027 notes will bear interest at
the rate of 2.750% per year and will mature on March 27, 2027, the 2030 notes will bear interest at the rate of 2.850% per year and will mature on March 27, 2030, the 2040 notes will bear interest at the rate of 3.250% per year and will
mature on March 27, 2040 and the 2050 notes will bear interest at the rate of 3.375% per year and will mature on March 27, 2050. Interest on the notes will accrue from March 27, 2020 and be payable on March 27 and
September 27 of each year, beginning on September 27, 2020. We may redeem the notes in whole or in part at any time or from time to time at the applicable redemption prices described under the heading Description of
NotesOptional Redemption in this prospectus supplement. The notes will be our senior unsecured obligations and will rank equally with our other unsecured and unsubordinated indebtedness from time to time outstanding.
Investing in the notes involves risks. See Risk Factors beginning on page
S-7 of this prospectus supplement and in Item 1A of our Annual Report on Form 10-K for the fiscal year ended May 31, 2019, which is incorporated by reference
herein.
Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of the notes or determined that this
prospectus supplement or the accompanying prospectus is accurate or complete. Any representation to the contrary is a criminal offense.
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Public
Offering
Price(1)
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Underwriting
Discount
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Proceeds
to NIKE(1)
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Per 2025 note
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99.864
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%
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0.350
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%
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99.514
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%
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Total
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$
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998,640,000
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$
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3,500,000
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$
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995,140,000
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Per 2027 note
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99.987
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%
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0.400
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%
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99.587
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%
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Total
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$
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999,870,000
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$
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4,000,000
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$
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995,870,000
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Per 2030 note
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99.853
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%
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0.450
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%
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99.403
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%
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Total
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$
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1,497,795,000
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$
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6,750,000
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$
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1,491,045,000
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Per 2040 note
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99.374
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%
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0.750
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%
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98.624
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%
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Total
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$
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993,740,000
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$
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7,500,000
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$
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986,240,000
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Per 2050 note
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99.663
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%
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0.875
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%
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98.788
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%
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Total
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$
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1,494,945,000
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$
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13,125,000
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$
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1,481,820,000
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Total
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$
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5,984,990,000
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$
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34,875,000
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$
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5,950,115,000
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(1)
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Plus accrued interest, if any, from March 27, 2020.
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The notes will not be listed on any securities exchange. Currently, there are no public trading markets for the notes.
The underwriters expect to deliver the notes to investors through the book-entry delivery system of The Depository Trust Company and its participants,
including Clearstream Banking, S.A. and Euroclear Bank, S.A./N.V., on or about March 27, 2020.
Joint Book-Running Managers
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BofA Securities
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Citigroup
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Goldman Sachs & Co. LLC
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J.P. Morgan
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Co-Managers
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RBC Capital Markets
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Standard Chartered
Bank
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Academy
Securities
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Loop Capital
Markets
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Multi-Bank Securities, Inc.
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The date of this prospectus supplement is March 25, 2020.