Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp)
May 15 2020 - 5:26PM
Edgar (US Regulatory)
Filed Pursuant to Rule 433
Free Writing Prospectus dated
May 15, 2020
Relating to
Preliminary Prospectus
Supplement dated May 15, 2020 and
Prospectus dated April 24, 2020
Registration No. 333-237836
Lockheed Martin Corporation
Pricing Term Sheet
May 15,
2020
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1.850% Notes due 2030
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2.800% Notes due 2050
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Issuer:
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Lockheed Martin Corporation
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Lockheed Martin Corporation
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Security Type:
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Senior Unsecured
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Senior Unsecured
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Trade Date:
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May 15, 2020
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May 15, 2020
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Settlement Date (T+3)**:
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May 20, 2020
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May 20, 2020
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Interest Payment Dates:
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June 15 and December 15,
beginning on December 15, 2020
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June 15 and December 15,
beginning on December 15, 2020
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Expected Ratings*:
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A3/A-/A-
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A3/A-/A-
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Size:
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$400,000,000
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$750,000,000
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Maturity:
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June 15, 2030
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June 15, 2050
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Coupon:
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1.850% per annum, accruing from
May 20, 2020
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2.800% per annum, accruing from
May 20, 2020
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Price to Public:
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99.780% of face amount, plus accrued
interest, if any, from May 20, 2020
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99.133% of face amount, plus accrued
interest, if any, from May 20, 2020
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Yield to Maturity:
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1.874%
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2.843%
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Spread to Benchmark Treasury:
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+125 basis points
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+155 basis points
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Benchmark Treasury:
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1.500% due
February 15, 2030
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2.375% due
November 15, 2049
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Benchmark Treasury Price and Yield:
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108-08+ / 0.624%
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126-14+ / 1.293%
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Optional Redemption:
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Prior to March 15, 2030 (three months
prior to the maturity date), callable at
the greater of (a) 100% of the principal
amount and (b) the make-whole price
of T+20 basis points
Callable at
par on or after March 15,
2030
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Prior to December 15, 2049
(six months prior to the maturity date),
callable at the greater of (a) 100% of
the principal amount and (b) the make-
whole price of T+25 basis points
Callable at par on or after December 15, 2049
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CUSIP #:
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539830 BP3
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539830 BQ1
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ISIN #:
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US539830BP37
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US539830BQ10
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Joint Book-Running Managers:
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Mizuho Securities USA LLC
Morgan Stanley & Co. LLC
BofA Securities, Inc.
Citigroup
Global Markets Inc.
Credit Agricole Securities (USA) Inc.
J.P. Morgan Securities LLC
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Joint Lead Managers:
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Goldman Sachs & Co. LLC
SMBC Nikko Securities America, Inc.
TD Securities (USA) LLC
U.S.
Bancorp Investments, Inc.
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Senior Co-Managers:
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ANZ Securities, Inc.
Barclays Capital Inc.
Lloyds
Securities Inc.
RBC Capital Markets, LLC
UniCredit Capital Markets LLC
Wells
Fargo Securities, LLC
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Co-Managers:
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Academy Securities, Inc.
Blaylock Van, LLC
C.L.
King & Associates, Inc.
Drexel Hamilton, LLC
Mischler Financial Group, Inc.
Penserra Securities LLC
R.
Seelaus & Co., LLC
Siebert Williams Shank & Co., LLC
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*
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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.
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**
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The issuer expects that delivery of the notes will be made to investors on or about May 20, 2020, which
will be the third business day following the date of this pricing term sheet (such settlement being referred to as T+3). Under Rule 15c6-1 under the Securities Exchange Act of 1934, as amended,
trades in the secondary market 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 on the date of the prospectus supplement will be required, by
virtue of the fact that the notes initially settle in T+3, 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 on the date of pricing or the
next succeeding business day should consult their advisors.
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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 other documents the issuer has filed with the SEC that are incorporated by reference in the prospectus
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 Mizuho Securities USA LLC, toll free at 1-866-271-7403 or Morgan
Stanley & Co. LLC, toll free at 1-866-718-1649.
This pricing term sheet supplements the preliminary form of prospectus supplement issued by Lockheed Martin Corporation on May 15, 2020 relating to its
prospectus dated April 24, 2020.
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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