FWP

Filed Pursuant to Rule 433 under the Securities Act of 1933

Registration Statement No. 333-171301

Issuer Free Writing Prospectus, dated November 8, 2012

SPRINT NEXTEL CORPORATION

6.000% Notes due 2022

This Free Writing Prospectus relates to the 6.000% Notes due 2022 (the “Notes”) of Sprint Nextel Corporation and should be read together with the Preliminary Prospectus Supplement dated November 8, 2012 relating to the Notes.

 

Issuer:

     Sprint Nextel Corporation

Security:

     6.000% Notes due 2022

Size:

     $2,280,000,000 aggregate principal amount

Maturity Date:

     November 15, 2022

Coupon:

     6.000%

Offering Price:

     100.000% of face amount

Gross Proceeds:

     $2,280,000,000

Net Proceeds to Issuer (before expenses):

     $2,245,800,000

Yield to Maturity:

     6.000%

Spread to Treasury:

     +437 basis points

Benchmark Treasury:

     UST 1.625% due August 15, 2022

Interest Payment Dates:

     May 15 and November 15, commencing May 15, 2013

Make-Whole Call:

     At any time, at the Treasury Rate plus 50 basis points

Change of Control Triggering

Event:

     If a change of control triggering event occurs, the Issuer will be required, subject to certain conditions, to make an offer to purchase the Notes at a price equal to 101% of the aggregate principal amount of the Notes, plus accrued but unpaid interest to, but not including, the date of repurchase (all as described in the Issuer’s Preliminary Prospectus Supplement dated November 8, 2012 relating to the Notes).

Settlement:

     (T+3) November 14, 2012


CUSIP:

ISIN:

    

852061AS9

US852061AS99

Joint Book-Running Managers:

    

Merrill Lynch, Pierce, Fenner & Smith

                     Incorporated

Barclays Capital Inc.

Citigroup Global Markets Inc.

Deutsche Bank Securities Inc.

Goldman, Sachs & Co.

J.P. Morgan Securities LLC

Senior Co-Managers:

    

Credit Suisse Securities (USA) LLC

Scotia Capital (USA) Inc.

Wells Fargo Securities, LLC

Co-Manager:

     The Williams Capital Group, L.P.

Sprint Nextel Corporation 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 supplement and the accompanying prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about Sprint Nextel Corporation and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, any underwriter or any dealer participating in the offering will arrange to send you the prospectus supplement, including the accompanying prospectus, if you request it by contacting Merrill Lynch, Pierce, Fenner & Smith Incorporated toll free at 1-800-294-1322, Barclays Capital Inc. toll free at 1-888-603-5847, Citigroup Global Markets Inc. toll free at 1-800-831-9146, Deutsche Bank Securities Inc. toll free at 1-800-503-4611, Goldman, Sachs & Co. at 1-866-902-1171 and J.P. Morgan Securities LLC collect at 1-212-834-4533.