Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp)
January 27 2021 - 6:03AM
Edgar (US Regulatory)
Filed pursuant to Rule 433
Registration No. 333-234713
Issuer Free Writing Prospectus dated January 26, 2021
Relating to Preliminary Prospectus Supplement dated January 26, 2021
Pricing Term Sheet
$500,000,000 1.800% Senior Notes due 2031
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Issuer:
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SVB Financial Group
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Ranking:
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Senior Notes
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Principal Amount:
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$500,000,000
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Coupon:
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1.800%
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Yield to Maturity:
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1.836%
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Price to Public:
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99.672% of face amount, plus accrued interest, if any, from February 2, 2021
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Expected Ratings:
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A3 (S) / BBB (S) (Moody’s / S&P) (*)
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Pricing Date:
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January 26, 2021
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Settlement Date:
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February 2, 2021 (T+5) (**)
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Maturity Date:
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February 2, 2031
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Interest Payment Dates:
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February 2 and August 2 of each year, beginning August 2, 2021
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Denominations:
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$2,000 and integral multiples of $1,000 in excess thereof
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Reference Benchmark:
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0.875% due November 15, 2030
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Benchmark Price / Yield:
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98.50/1.036%
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Spread to Benchmark:
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80 basis points
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Make-Whole Call:
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At any time prior to November 2, 2030, the issuer may, at its option, upon not less than 10 or more than 60 days’ prior notice, redeem all or any portion of the notes at a redemption price equal to the greater of (i) 100%
of the principal amount of the notes to be redeemed or (ii) the sum of the present values of the remaining scheduled payments of principal and interest on the notes to be redeemed as if the maturity date was November 2, 2030 (which present
values are determined based on the applicable adjusted treasury rate plus 15 basis points), plus, in each case, accrued interest to, but excluding, the redemption date
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Par Call:
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At any time on or after November 2, 2030, the issuer may, at its option, upon not less than 10 or more than 60 days’ prior notice, redeem all or any portion of the notes at a redemption price equal to 100% of the principal
amount of the notes to be redeemed, plus accrued interest to, but excluding, the redemption date
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CUSIP / ISIN:
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78486Q AF8/US78486QAF81
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Joint Book-Running Managers:
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Goldman Sachs & Co. LLC
BofA
Securities, Inc.
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Co-Manager:
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SVB Leerink LLC
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*
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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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**
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Under Rule 15c6-1 under the Securities Exchange Act of 1934, as
amended, trades in the secondary market generally are required to settle in two business days, unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade notes prior to the second business day prior to
the delivery of the notes hereunder may be required, by virtue of the fact that the notes initially will settle on the fifth business day following the pricing date (T+5), to specify an alternate settlement arrangement at the time of any such trade
to prevent a failed settlement. Purchasers of the notes who wish to trade the notes prior to the second business day prior to their date of delivery hereunder should consult their advisors.
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The issuer has filed a registration statement including a prospectus and a preliminary prospectus supplement with the SEC for the offering to which this
communication relates. Before you invest, you should read the prospectus and preliminary prospectus supplement in that registration statement and the other documents the issuer has filed with the SEC for more complete information about the issuer
and this offering. You may obtain 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, the
preliminary prospectus supplement and, when available, the final prospectus supplement if you request them by calling Goldman Sachs & Co. LLC at (866) 471-2526 (toll-free) or BofA Securities, Inc. at 1-800-294-1322 (toll-free).
Any disclaimers or other notices that may appear below are not applicable to this communication and
should be disregarded. Such disclaimers or other notices were automatically generated as a result of this communication being sent via Bloomberg or another email system.
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