DESCRIPTION OF NOTES
The following description of the particular terms of the Notes (referred to in the accompanying prospectus as debt securities)
supplements, and to the extent inconsistent therewith replaces, the description of the general terms and provisions of the debt securities set forth in the accompanying prospectus, to which description reference is hereby made. The following
description is only a summary of the material provisions of the Notes and the Indenture (as defined below). Each series of Notes is a separate series of debt securities. The following description does not purport to be complete, and is subject to,
and is qualified in its entirety by reference to, all of the provisions of the Notes and the Indenture. We urge you to read the Indenture and the forms of the Notes, which you may obtain from us upon request.
In this description, all references to the Company, we, us and our refer only to Nucor
Corporation and not to any of its subsidiaries.
General
The Notes will be issued under an indenture, dated as of August 19, 2014, as amended or supplemented by a first supplemental indenture,
dated as of April 26, 2018, as further amended or supplemented by a second supplemental indenture, dated as of May 22, 2020, as further amended or supplemented by a third supplemental indenture, dated as of December 7, 2020, as
further amended or supplemented by a fourth supplemental indenture, dated as of March 11, 2022, and as further amended or supplemented by a fifth supplemental indenture, to be dated as of May , 2022, in each case,
between us and U.S. Bank Trust Company, National Association (successor in interest to U.S. Bank National Association), as trustee (collectively, the Indenture).
The Indenture does not limit the aggregate principal amount of debt securities (referred to as the debt securities) which may be
issued thereunder.
The 20 Notes will mature on
, 20 and the 20 Notes will mature on ,
20 , unless earlier redeemed at the applicable redemption prices.
The original principal amount of the
20 Notes will be $ and the original principal amount of the 20 Notes will be
$ .
Each series of the Notes will be issued in fully registered
book-entry form and in minimum denominations of $2,000 and integral multiples of $1,000 in excess thereof.
After issuance of the Notes,
we may reopen and issue additional notes from the same series of Notes by board resolution without your consent and without notifying you. Any such additional notes will have the same ranking, interest rate, maturity date, redemption rights and
other terms as the series of Notes (except the public offering price, the date of issuance and, if applicable, the initial interest payment date) offered pursuant to this prospectus supplement. Any such additional notes, together with the same
series of Notes offered by this prospectus supplement, will be consolidated with and constitute a single series of debt securities under the Indenture.
The Notes will not have the benefit of a sinking fund.
The covenants in the Indenture may not protect you from a decline in our credit quality due to highly leveraged or other transactions in which
we may engage.
Interest
The
20 Notes will bear interest at the rate of % per year from, and including, , 2022, payable semi-annually
in arrears on and of each year, commencing
, 2022, to the persons in
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