Filed pursuant to Rule 433
Registration No. 333-180984
Issuer Free Writing Prospectus dated May 1, 2012
Relating to Preliminary Prospectus Supplement dated May 1, 2012
Altera Corporation
Pricing Term Sheet
| Issuer: |
Altera Corporation | |
| Size: |
$500,000,000 | |
| Maturity: |
May 15, 2017 | |
| Coupon: |
1.750% | |
| Price to Public: |
99.847% of face amount | |
| Yield to Maturity: |
1.782% | |
| Spread to Benchmark Treasury: |
T+ 95 bps | |
| Benchmark Treasury: |
UST 0.875% due April 30, 2017 | |
| Benchmark Treasury Price and Yield: |
100-06 3/4 ; 0.832% | |
| Interest Payment Dates: |
May 15 and November 15, commencing November 15, 2012 | |
| Optional Redemption |
Make-whole call at any time at the greater of a price of 100% or a discount rate of Treasury plus 15 basis points | |
| Change of Control Put |
101% of the principal amount plus accrued interest | |
| Settlement: |
T+5; May 8, 2012 | |
| Ratings*: |
Moody’s: A2 (Stable) S&P: A- (Stable) | |
| CUSIP/ ISIN |
021441 AD2 / US021441AD24 | |
| Joint Book-Running Managers |
J.P. Morgan Securities LLC Merrill Lynch, Pierce, Fenner & Smith Incorporated Morgan Stanley & Co. LLC | |
| Senior Co-Managers |
Citigroup Global Markets Inc. U.S. Bancorp Investments, Inc. | |
| Co-Manager |
The Williams Capital Group, L.P. |
*A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal by the assigning rating organization at any time. Each rating should be evaluated independently of any other rating.
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 J.P. Morgan Securities LLC collect at 212-834-4533, Merrill Lynch, Pierce, Fenner & Smith Incorporated toll free at 1-800-294-1322 or Morgan Stanley & Co. LLC toll free at 1-866-718-1649.