Filed Pursuant to Rule 433

Registration No. 333-249545

October 26, 2021

Pricing Term Sheet

€1,100,000,000

The Procter & Gamble Company

€500,000,000 0.350% Notes due 2030

€600,000,000 0.900% Notes due 2041

0.350% Notes due 2030

 

Issuer:    The Procter & Gamble Company
Aggregate Principal Amount:    €500,000,000
Maturity Date:    May 5, 2030
Mid-swap rate:    0.196%
Spread to mid-swap rate:    +17 basis points
Yield to Maturity:    0.366%
Coupon (Interest Rate):    0.350%
Price to Public (Issue Price):    99.867% of principal amount
Reference Government security:    0.000% due February 15, 2030
Reference Government security price/yield:    101.95%; -0.232%
Spread to reference Government security:    +59.8 basis points
Interest Payment Date:    May 5, commencing May 5, 2022
Day Count Convention:    ACT/ACT, following, unadjusted
Make-Whole Redemption:    At any time at the greater of 100% or a discount rate of the Comparable Government Bond Rate plus 10 basis points

Tax Redemption:    The notes will be redeemable if certain events occur involving United States taxation as described in the Prospectus Supplement
Trade Date:    October 26, 2021
Settlement Date:    November 5, 2021 (T+8 business days in the City of New York and T+8 business days in London)
Common Code:    240421348
ISIN:    XS2404213485
CUSIP:    742718 FR5
Denominations:    €100,000 x €1,000
Joint Book-Running Managers:    Barclays Bank PLC
   Deutsche Bank AG, London Branch
   HSBC Bank plc
   Citigroup Global Markets Limited
Senior Co-Managers:    Goldman Sachs & Co. LLC
   Morgan Stanley & Co. International plc
Co-Managers:    Banco Bilbao Vizcaya Argentaria, S.A.
   BNP Paribas
   Fifth Third Securities, Inc.
   ING Bank N.V., Belgian Branch
   Merrill Lynch International
   MUFG Securities EMEA plc
   PNC Capital Markets LLC
   RBC Europe Limited
   Siebert Williams Shank & Co., LLC
   U.S. Bancorp Investments, Inc.
Stabilizing Manager:    Deutsche Bank AG, London Branch
Type of Offering:    SEC Registered
Listing:    Application will be made for listing on the New York Stock Exchange on terms described in the Prospectus Supplement
Long-term Debt Ratings:    Moody’s: Aa3 (Stable); S&P: AA- (Stable)

0.900% Notes due 2041

 

Issuer:    The Procter & Gamble Company
Aggregate Principal Amount:    €600,000,000
Maturity Date:    November 4, 2041
Mid-swap rate:    0.527%
Spread to mid-swap rate:    +40 basis points
Yield to Maturity:    0.927%
Coupon (Interest Rate):    0.900%
Price to Public (Issue Price):    99.509% of principal amount
Reference Government security:    4.750% due July 4, 2040
Reference Government security price/yield:    188.35%; 0.014%
Spread to reference Government security:    +91.3 basis points
Interest Payment Date:    November 4, commencing November 4, 2022
Day Count Convention:    ACT/ACT, following, unadjusted
Make-Whole Redemption:    At any time at the greater of 100% or a discount rate of the Comparable Government Bond Rate plus 10 basis points
Tax Redemption:    The notes will be redeemable if certain events occur involving United States taxation as described in the Prospectus Supplement
Trade Date:    October 26, 2021
Settlement Date:    November 5, 2021 (T+8 business days in the City of New York and T+8 business days in London)
Common Code:    240421402
ISIN:    XS2404214020

CUSIP:    742718 FS3
Denominations:    €100,000 x €1,000
Joint Book-Running Managers:    Barclays Bank PLC
   Deutsche Bank AG, London Branch
   HSBC Bank plc
   Citigroup Global Markets Limited
Senior Co-Managers:    Goldman Sachs & Co. LLC
   Morgan Stanley & Co. International plc
Co-Managers:    Banco Bilbao Vizcaya Argentaria, S.A.
   BNP Paribas
   Fifth Third Securities, Inc.
   ING Bank N.V., Belgian Branch
   Merrill Lynch International
   MUFG Securities EMEA plc
   PNC Capital Markets LLC
   RBC Europe Limited
   Siebert Williams Shank & Co., LLC
   U.S. Bancorp Investments, Inc.
Stabilizing Manager:    Deutsche Bank AG, London Branch
Type of Offering:    SEC Registered
Listing:    Application will be made for listing on the New York Stock Exchange on terms described in the Prospectus Supplement
Long-term Debt Ratings:    Moody’s: Aa3 (Stable); S&P: AA- (Stable)

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.

Manufacturer target market (MiFID II product governance/UK MiFIR product governance) is eligible counterparties and professional clients only (all distribution channels). No PRIIPs/UK PRIIPs key information document has been prepared as the notes are not available to retail investors in the EEA and the United Kingdom.

This communication is being distributed to, and is directed only at, persons in the United Kingdom in circumstances where section 21(1) of the Financial Services and Markets Act 2000 does not apply.

 

 

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 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 Barclays Bank PLC toll-free at 1-888-710-8756, Deutsche Bank AG, London Branch toll-free at 1-800-522-6645 or HSBC Bank plc toll-free at 1-866-811-8049.

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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