Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp)
October 14 2020 - 4:56PM
Edgar (US Regulatory)
Issuer Free Writing Prospectus filed pursuant to Rule 433
relating to the Preliminary Prospectus Supplement dated
October 14, 2020 and the Prospectus dated October 6, 2020
Registration Statement No. 333-249350
Dated: October 14, 2020
$750,000,000 1.600% Notes due 2030
PRICING TERM SHEET
October 14, 2020
This pricing
term sheet relates to the notes referenced above (the “notes”) and should be read together with the preliminary prospectus supplement dated October 14, 2020 and the prospectus dated October 6, 2020 (including the documents
incorporated by reference therein) relating to the notes offering before making a decision in connection with an investment in the notes. Terms used but not defined herein have the meanings ascribed to them in the preliminary prospectus supplement.
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Issuer:
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Franklin Resources, Inc.
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Offering Format:
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SEC Registered
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Expected Ratings:*
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A2 (Stable) (Moody’s)
A (Stable)
(S&P)
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Trade Date:
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October 14, 2020
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Settlement Date:**
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October 19, 2020 (T+3)
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Security Title:
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1.600% Notes due 2030
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Principal Amount:
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$750,000,000
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Maturity Date:
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October 30, 2030
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Coupon:
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1.600%
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Interest Payment Dates:
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April 30 and October 30, commencing April 30, 2021
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Interest Record Dates:
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April 15 and October 15
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Price to Public:
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99.778%
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Benchmark Treasury:
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0.625% due August 15, 2030
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Benchmark Treasury Price and Yield:
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99-02 / 0.724%
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Spread to Benchmark Treasury:
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+90 bps
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Yield to Maturity:
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1.624%
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Proceeds (after underwriting discount and before expenses) to Issuer:
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$743,460,000 (99.128% of principal amount)
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Optional Redemption:
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The notes may be redeemed prior to July 30, 2030 in whole or in part at any time, at the Issuer’s option, at the Make-Whole Call
redemption price (as described under “Description of the Notes – Optional Redemption” in the preliminary prospectus). In the case of any such redemption, the Issuer will also pay accrued and unpaid interest, if any, to, but not
including, the redemption date.
The notes may be redeemed on or after July 30,
2030 in whole or in part at any time, at the Issuer’s option, at a redemption price equal to 100% of the principal amount of the notes to be redeemed, plus accrued and unpaid interest on the notes to be redeemed to, but not including, the
redemption date.
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Make-Whole Call:
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T + 15 bps
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Day Count:
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30/360
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Minimum Denomination / Multiples:
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$2,000 / $1,000
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CUSIP:
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354613 AL5
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ISIN:
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US354613AL54
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Joint Book-Running Managers:
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BofA Securities, Inc.
Citigroup Global Markets
Inc.
HSBC Securities (USA) Inc.
Morgan Stanley & Co.
LLC
UBS Securities LLC
Wells Fargo Securities,
LLC
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Co-Managers:
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BBVA Securities Inc.
Deutsche Bank Securities
Inc.
J.P. Morgan Securities LLC
MUFG Securities Americas
Inc.
RBC Capital Markets, LLC
Standard Chartered
Bank
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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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It is expected that delivery of the notes will be made against payment therefor on or about October 19,
2020, which will be the third business day following the date hereof (this settlement cycle being referred to as “T+3”). Under Rule 15c6-1 of the Securities Exchange Act of 1934, trades in the
secondary market generally are required to settle in two business days, unless the parties to a trade expressly agree otherwise. Accordingly, purchasers who wish to trade the notes on any day prior to two business days before delivery will be
required to specify alternative settlement arrangements at the time of any such trade to prevent a failed settlement and should consult their own advisors.
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The issuer has filed a registration statement (including a prospectus and related prospectus supplement) with the Securities and Exchange Commission
(“SEC”) for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement 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 and the prospectus supplement for this offering if you request it by calling BofA Securities, Inc. at 1-800-294-1322
or Citigroup Global Markets Inc. at 1-800-831-9146.
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 e-mail system.
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