Filed Pursuant to Rule 433
Final Term Sheet
August 10, 2015
Relating to Preliminary Prospectus Supplement
dated August 10, 2015
Registration Statement No. 333-184087
$300,000,000
Service Corporation International
5.375% Senior Notes due 2024
| Issuer: | Service Corporation International | |||
| Title of Securities: | 5.375% Senior Notes due 2024 | |||
| Distribution: | SEC Registered | |||
| Face: | $300,000,000 | |||
| Gross Proceeds: | $311,250,000 | |||
| Coupon: | 5.375% | |||
| Final Maturity Date: | May 15, 2024 | |||
| Offering Price: | 103.75%, plus accrued and unpaid interest from May 15, 2015 | |||
| Yield to Maturity: | 4.843% | |||
| Yield to Worst: | 4.719% | |||
| Spread to Treasury (Spread to Worst): | +275 basis points | |||
| Benchmark Treasury: | UST 1.750% due May 15, 2022 | |||
| Interest Payment Dates: | Semi-annually in arrears on May 15 and November 15 of each year | |||
| First Interest Payment Date: | November 15, 2015 | |||
| Optional Redemption: | Make-whole call at T+50 basis points prior to May 15, 2019, plus accrued and unpaid interest | |||
| On or after: | Price: | |||
| Call Schedule: | May 15, 2019 | 102.688% | ||
| May 15, 2020 | 101.792% | |||
| May 15, 2021 | 100.896% | |||
| May 15, 2022 and thereafter | 100.00% | |||
| Change of Control: | Put at 101% of principal, plus accrued and unpaid interest | |||
| Trade Date: | August 10, 2015 | |||
| Settlement Date: | August 18, 2015 (T+6) | |||
| Denominations: | Minimum of $2,000 and integral multiples of $1,000 in excess thereof | |||
| CUSIP: | 817565CB8 | |||
| ISIN: | US817565CB82 | |||
| Joint Book-Running Managers: | Merrill Lynch, Pierce, Fenner & Smith Incorporated J.P. Morgan Securities LLC Wells Fargo Securities, LLC | |||
| Senior Co-Manager: | SunTrust Robinson Humphrey, Inc. | |||
| Lead Co-Managers: | Scotia Capital (USA) Inc. BBVA Securities Inc. | |||
| Co-Managers: | BB&T Capital Markets, a division of BB&T Securities, LLC Fifth Third Securities, Inc. Raymond James & Associates, Inc. Mitsubishi UFJ Securities (USA), Inc. | |||
Changes from Preliminary Prospectus Supplement
The following paragraph is added on page S-37 of the Preliminary Prospectus Supplement, after the eighth paragraph under the heading “Underwriting”:
“It is expected that delivery of the notes will be made, against payment of the notes, on or about August 18, 2015, which will be the sixth business day in the United States following the date of pricing of the notes. Under Rule 15c6-1 of the Exchange Act, purchases or sales of securities in the secondary market generally are required to settle within three business days (this settlement cycle being referred to as “T+3”), unless the parties to any such transaction expressly agree otherwise. Accordingly, purchasers of the notes who wish to trade the notes on the date of this prospectus supplement or the next two succeeding business days, will be required, because the notes will initially settle within six business days (T+6) in the United States, to specify an alternate settlement cycle at the time of any such trade to prevent a failed settlement. Purchasers of the notes who wish to trade on the date of this prospectus supplement or the next two succeeding business days should consult their own legal advisors.”
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