Form FWP - Filing under Securities Act Rules 163/433 of free writing prospectuses
September 05 2023 - 4:54PM
Edgar (US Regulatory)
Filed Pursuant to Rule 433
Registration No. 333-262788
CSX Corporation
PRICING
TERM SHEET
September 5, 2023
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$600,000,000 5.200% Notes due 2033 (the “Notes”)
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| Issuer: |
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CSX Corporation |
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| Expected Ratings*: |
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A3 / BBB+ |
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| Security: |
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5.200% Notes due 2033 |
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| Size: |
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$600,000,000 |
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| Maturity Dates: |
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November 15, 2033 |
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| Coupon: |
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5.200% |
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| Interest Payment Dates: |
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May 15 and November 15 of each year, commencing on May 15, 2024 (long first coupon) |
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| Price to Public: |
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99.811% |
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| Benchmark Treasury: |
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3.875% due August 15, 2033 |
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| Benchmark Treasury Price and Yield: |
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96-26; 4.272% |
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| Spread to Benchmark Treasury: |
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+95 bps |
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| Re-Offer Yield: |
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5.222% |
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| Make-Whole Call: |
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T+15 bps |
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| Par Call: |
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Within three months prior to the maturity date |
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| Trade Date: |
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September 5, 2023 |
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| Expected Settlement Date: |
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September 7, 2023 (T+2) |
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| CUSIP / ISIN: |
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126408 HW6 / US126408HW63 |
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| Joint Book-Running Managers: |
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Barclays Capital Inc.
BofA Securities, Inc.
Citigroup Global Markets Inc.
Morgan Stanley & Co. LLC |
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| Senior Co-Managers: |
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J.P. Morgan Securities LLC
Mizuho Securities USA LLC
UBS Securities LLC |
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| Co-Managers: |
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PNC Capital Markets LLC
Siebert Williams Shank & Co., LLC |
* 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 the related prospectus supplement 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 Website 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 Barclays Capital Inc. toll-free at 1-888-603-5847; BofA Securities, Inc. toll-free at
1-800-294-1322; Citigroup Global Markets Inc. toll-free at 1-800-831-9146 or Morgan Stanley & Co. LLC toll free at 1-866-718-1649.
Any disclaimer or other notice that may appear below is not applicable to this communication and should be disregarded. Such
disclaimer or notice was automatically generated as a result of this communication being sent by Bloomberg or another email system.
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