Form FWP PROCTER & GAMBLE Co Filed by: PROCTER & GAMBLE Co
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E-mailFiled Pursuant to Rule 433
Registration No. 333-249545
Pricing Term Sheet
April 21, 2021
$2,000,000,000
The Procter & Gamble Company
$1,000,000,000 1.000% Notes due 2026
$1,000,000,000 1.950% Notes due 2031
| 1.000% Notes due 2026 | ||
| Issuer: | The Procter & Gamble Company | |
| Aggregate Principal Amount: | $1,000,000,000 | |
| Maturity Date: | April 23, 2026 | |
| Coupon (Interest Rate): | 1.000% | |
| Price to Public (Issue Price): | 99.961% of principal amount | |
| Yield to Maturity: | 1.008% | |
| Spread to Benchmark Treasury: | +20 basis points | |
| Benchmark Treasury: | 0.750% UST due March 31, 2026 | |
| Benchmark Treasury Yield: | 0.808% | |
| Interest Payment Dates: | April 23 and October 23, commencing October 23, 2021 | |
| Day Count Convention: | 30/360 | |
| Make-whole Redemption: | At any time at the greater of 100% or a discount rate of Treasury plus 5 basis points | |
| Trade Date: | April 21, 2021 | |
| Settlement Date: | April 23, 2021 (T+2) | |
| CUSIP Number: | 742718 FP9 | |
| ISIN Number: | US742718FP97 | |
| Denominations: | $2,000 x $1,000 | |
| Joint Book-Running Managers: | Citigroup Global Markets Inc. | |
| Goldman Sachs & Co. LLC | ||
| Morgan Stanley & Co. LLC | ||
| Senior Co-Managers: | Deutsche Bank Securities, Inc. | |
| HSBC Securities (USA) Inc. | ||
| Co-Managers: | BofA Securities, Inc. | |
| Barclays Capital Inc. | ||
| BBVA Securities Inc. | ||
| MUFG Securities Americas Inc. | ||
| RBC Capital Markets, LLC | ||
| U.S. Bancorp Investments, Inc. | ||
| BNP Paribas Securities Corp. | ||
| Fifth Third Securities, Inc. | ||
| ING Financial Markets LLC | ||
| PNC Capital Markets LLC | ||
| Siebert Williams Shank & Co., LLC | ||
| Type of Offering: | SEC-Registered | |
| Listing: | None | |
| Long-term Debt Ratings: | Moody’s: Aa3 (Stable); S&P: AA- (Stable) | |
| 1.950% Notes due 2031 | ||
| Issuer: | The Procter & Gamble Company | |
| Aggregate Principal Amount: | $1,000,000,000 | |
| Maturity Date: | April 23, 2031 | |
| Coupon (Interest Rate): | 1.950% | |
| Price to Public (Issue Price): | 99.639% of principal amount | |
| Yield to Maturity: | 1.990% | |
| Spread to Benchmark Treasury: | +42 basis points | |
| Benchmark Treasury: | 1.125% UST due February 15, 2031 | |
| Benchmark Treasury Yield: | 1.570% | |
| Interest Payment Dates: | April 23 and October 23, commencing October 23, 2021 | |
| Day Count Convention: | 30/360 | |
| Make-whole Redemption: | At any time at the greater of 100% or a discount rate of Treasury plus 7.5 basis points | |
| Trade Date: | April 21, 2021 | |
| Settlement Date: | April 23, 2021 (T+2) | |
| CUSIP Number: | 742718 FQ7 | |
| ISIN Number: | US742718FQ70 | |
| Denominations: | $2,000 x $1,000 | |
| Joint Book-Running Managers: | Citigroup Global Markets Inc. | |
| Goldman Sachs & Co. LLC | ||
| Morgan Stanley & Co. LLC | ||
| Senior Co-Managers: | Deutsche Bank Securities, Inc. | |
| HSBC Securities (USA) Inc. | ||
| Co-Managers: | BofA Securities, Inc. | |
| Barclays Capital Inc. | ||
| BBVA Securities Inc. | ||
| MUFG Securities Americas Inc. | ||
| RBC Capital Markets, LLC | ||
| U.S. Bancorp Investments, Inc. | ||
| BNP Paribas Securities Corp. | ||
| Fifth Third Securities, Inc. | ||
| ING Financial Markets LLC | ||
| PNC Capital Markets LLC | ||
| Siebert Williams Shank & Co., LLC | ||
| Type of Offering: | SEC-Registered | |
| Listing: | None | |
| 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.
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 Citigroup Global Markets Inc. toll-free at 1-800-831-9146, Goldman Sachs & Co. LLC toll-free at 1-866-471-2526 and Morgan Stanley & Co. LLC collect at 1-866-718-1649.
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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