Issuer Free Writing Prospectus
Filed Pursuant to Rule 433
Registration Statement No. 333-205777
Supplementing the Preliminary
Prospectus Supplement dated September 5, 2017
(To Prospectus dated July 21, 2015)
Pricing Term Sheet
$1,250,000,000
Zoetis Inc.
September 5, 2017
$750,000,000 3.000% Senior Notes due 2027
$500,000,000 3.950% Senior Notes due 2047
| Issuer: |
Zoetis Inc. |
|||
| Title: | 3.000% Senior Notes due 2027 | 3.950% Senior Notes due 2047 | ||
| Principal Amount: | $750,000,000 | $500,000,000 | ||
| Maturity Date: | September 12, 2027 | September 12, 2047 | ||
| Interest Payment Dates: | March 12 and September 12, commencing March 12, 2018 | March 12 and September 12, commencing March 12, 2018 | ||
| Coupon: | 3.000% | 3.950% | ||
| Benchmark Treasury: | 2.250% UST due August 15, 2027 | 3.000% UST due May 15, 2047 | ||
| Benchmark Treasury Price and Yield: |
101-21 / 2.065% | 106-14 / 2.684% | ||
| Spread to Benchmark Treasury: |
+100 bps | +130 bps | ||
| Price to Public: | 99.444% of the principal amount | 99.408% of the principal amount | ||
| Yield to Maturity: | 3.065% | 3.984% | ||
| Make-Whole Redemption: | +15 bps | +20 bps | ||
| Par Call: | On or after June 12, 2027 | On or after March 12, 2047 | ||
| CUSIP/ISIN: | 98978VAL7 / US98978VAL71 | 98978VAM5 / US98978VAM54 | ||
| Denominations: | $2,000 and integral multiples of $1,000 | |||
| Ratings of the Notes*: | Baa1 / BBB (Moody’s /S&P) | |||
| Trade Date: | September 5, 2017 | |||
| Settlement Date: |
T+5; September 12, 2017 | |
| Joint Book-Running Managers: |
Barclays Capital Inc. Citigroup Global Markets Inc. J.P. Morgan Securities LLC Merrill Lynch, Pierce, Fenner & Smith Incorporated MUFG Securities Americas Inc. BNP Paribas Securities Corp. Goldman Sachs & Co. LLC HSBC Securities (USA) Inc. TD Securities (USA) LLC | |
| Co-Managers: |
Loop Capital Markets LLC Rabo Securities USA, Inc. Standard Chartered Bank1 Wells Fargo Securities, LLC | |
| * | The security ratings above are not a recommendation to buy, sell or hold the securities offered hereby. The ratings may be subject to revision or withdrawal at any time by the assigning rating organization, and each rating should be evaluated independently of any other rating. |
| 1 | Standard Chartered Bank will not effect any offers or sales of any notes in the United States unless it is through one or more U.S. registered broker-dealers as permitted by the regulations of FINRA. |
The issuer has filed a registration statement (including a prospectus and preliminary prospectus supplement) 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 supplement and accompanying prospectus if you request it by calling Barclays Capital Inc. toll-free at 1-888-603-5847, Citigroup Global Markets Inc. toll-free at 1-800-831-9146, J.P. Morgan Securities LLC collect at 1-212-834-4533, Merrill Lynch, Pierce, Fenner & Smith Incorporated toll-free at 1-800-294-1322 or MUFG Securities Americas Inc. toll-free at 1-877-649-6848.
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 result of this communication being sent by Bloomberg or another email system.
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