Filed pursuant to Rule 433
Registration Statements Nos. 333-206660 and 333-206660-01
Relating to Preliminary Prospectus Supplement dated
May 17, 2016
U.S.$1,750,000,000 8.750% Global Notes Due 2026
Pricing Term Sheet
A preliminary prospectus supplement of Petrobras Global Finance B.V. is available from the SEC’s website at www.sec.gov.
|
Issuer: |
Petrobras Global Finance B.V. (“PGF”) |
|
Guarantor: |
Unconditionally and irrevocably guaranteed by Petróleo Brasileiro S.A. - Petrobras
|
|
Form: |
Senior Unsecured Notes |
|
Offering: |
SEC-Registered |
|
Currency: |
U.S. Dollars |
|
Principal Amount: |
U.S.$1,750,000,000 |
|
Maturity: |
May 23, 2026 |
|
Coupon Rate: |
8.750% |
|
Interest Basis: |
Payable semi-annually in arrears |
|
Day Count: |
30/360 |
|
Interest Payment Dates: |
May 23 and November 23 |
|
First Interest Payment Date: |
November 23, 2016 |
|
Gross Proceeds: |
U.S.$1,721,545,000 |
|
Issue Price: |
98.374% |
|
U.S. Treasury Benchmark: |
1.625% due May 15, 2026 |
|
Benchmark Treasury Spot and Yield: |
98-20+/1.774% |
|
Spread to Benchmark Treasury: |
+722.6 bps |
|
Yield to Investors: |
9.000% |
|
Make-Whole Call Spread: |
+50 bps |
|
Pricing Date: |
May 17, 2016 |
|
Settlement Date: |
May 23, 2016 (T+4)* |
|
Listing: |
PGF intends to apply to have the notes approved for listing on the New York Stock Exchange |
|
Denominations: |
U.S.$2,000 and integral multiples of U.S.$1,000 in excess thereof |
|
CUSIP: |
71647N AQ2 |
|
ISIN: |
US71647NAQ25 |
|
Joint Bookrunners: |
BB Securities Limited J.P. Morgan Securities LLC Merrill Lynch, Pierce, Fenner & Smith Incorporated Santander Investment Securities Inc. |
*Under Rule 15c6-1 of the Securities Exchange Act of 1934, as amended, trades in the secondary market generally are required to settle in three business days, unless the parties to such trade expressly agree otherwise. Accordingly, purchasers who wish to trade the Notes on the pricing date will be required, by virtue of the fact that the Notes initially will settle in four business days (T+4), to specify alternative settlement arrangements to prevent a failed settlement.
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 or any prospectus supplement for this offering if you request it by calling BB Securities Limited at +44 (20) 7367-5800, J.P. Morgan Securities LLC at +1 (866) 846-2874, Merrill Lynch, Pierce, Fenner & Smith Incorporated at +1 (800) 294-1322 and Santander Investment Securities Inc. at +1 (855) 403-3636.