Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp)
February 09 2021 - 4:14PM
Edgar (US Regulatory)
Pricing Term Sheet
Filed Pursuant to Rule 433
Registration
Statement No. 333-250800
Issuer Free Writing Prospectus dated February 9, 2021
Relating to Preliminary Prospectus Supplement dated February 9, 2021
ELECTRONIC ARTS INC.
Pricing Term Sheet
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Issuer:
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Electronic Arts Inc.
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Ticker:
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EA
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Security Type:
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SEC Registered
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Trade Date:
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February 9, 2021
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Settlement Date:
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February 11, 2021 (T+2)
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Minimum Denominations:
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$2,000 and multiples of $1,000 in excess thereof
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Day Count:
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30/360
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1.850% Senior Notes due 2031
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Principal Amount:
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$750,000,000
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Maturity Date:
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February 15, 2031
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Coupon:
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1.850%
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Public Offering Price:
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99.727% of the Principal Amount
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Net Proceeds (Before Expenses):
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$743,077,500
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Benchmark Treasury:
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UST 0.875% due November 15, 2030
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Benchmark Treasury Price/Yield:
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97-12 / 1.160%
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Spread to Benchmark Treasury:
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72 basis points
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Yield to Maturity:
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1.880%
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Interest Payment Dates:
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February 15 and August 15, commencing August 15, 2021
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Make-Whole Call:
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At any time prior to November 15, 2030, at a discount rate of Treasury plus 12.5 basis points
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Par Call:
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On or after November 15, 2030
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CUSIP:
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285512AE9
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ISIN:
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US285512AE93
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2.950% Senior Notes due 2051
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Principal Amount:
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$750,000,000
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Maturity Date:
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February 15, 2051
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Coupon:
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2.950%
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Public Offering Price:
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99.466% of the Principal Amount
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Net Proceeds (Before Expenses):
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$739,432,500
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Benchmark Treasury:
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UST 1.375% due August 15, 2050
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Benchmark Treasury Price/Yield:
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87-00 / 1.957%
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Spread to Benchmark Treasury:
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102 basis points
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Yield to Maturity:
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2.977%
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Interest Payment Dates:
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February 15 and August 15, commencing August 15, 2021
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Make-Whole Call:
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At any time prior to August 15, 2050, at a discount rate of Treasury plus 15.0 basis points
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Par Call:
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On or after August 15, 2050
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CUSIP:
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285512AF6
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ISIN:
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US285512AF68
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Joint Book-Running Managers:
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J.P. Morgan Securities LLC
BofA Securities, Inc.
BNP Paribas Securities Corp.
Citigroup Global Markets Inc.
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Co-Managers:
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Mizuho Securities USA LLC
MUFG Securities Americas Inc.
Scotia Capital (USA) Inc.
U.S. Bancorp Investments, Inc.
Wells Fargo Securities, LLC
Siebert Williams Shank & Co., LLC
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The issuer has filed a registration statement (including a prospectus) and a preliminary prospectus supplement with
the Securities and Exchange Commission (the “SEC”) for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement, the related preliminary 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 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 J.P. Morgan Securities LLC at (212) 834-4533 or BofA Securities, Inc. toll free at (800) 294-1322.
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