Free Writing Prospectus
Filed Pursuant to Rule 433
Registration No. 333-215763
Pricing Term Sheet
McKesson Corporation
0.625% Notes due 2021
1.500% Notes due 2025
| Issuer: |
McKesson Corporation | |||
| Ratings*: |
Baa2 / BBB+ / BBB+ (all stable) (Moody’s / Fitch / S&P) | |||
| Title: |
0.625% Notes due 2021 | 1.500% Notes due 2025 | ||
| Size: |
€600,000,000 | €600,000,000 | ||
| Maturity Date: |
August 17, 2021 | November 17, 2025 | ||
| Interest Payment Dates: |
August 17, of each year, commencing August 17, 2017 (short first coupon) | November 17, of each year, commencing November 17, 2017 (short first coupon) | ||
| Coupon: |
0.625% per year | 1.500% per year | ||
| Benchmark German Government Security: |
DBR 3.25% due July 04, 2021 | DBR 1% due August 15, 2025 | ||
| Benchmark German Government Security Price/Yield: |
117.03%; -0.577% | 107.76%; 0.083% | ||
| Spread to Benchmark German Government Security: |
+123.1 bps | +150.5 bps | ||
| Yield to Maturity: |
0.654% | 1.588% | ||
| Mid-Swap Yield: |
0.104% | 0.638% | ||
| Spread to Mid-Swap Yield: |
+55 bps | +95 bps | ||
| Price to Public: |
99.872% | 99.289% | ||
| Redemption: |
||||
| Make-Whole: |
Comparable Government Bond Rate +20 bps | Comparable Government Bond Rate +25 bps | ||
| Par Call: |
Beginning July 17, 2021 at par | Beginning August 17, 2025 at par | ||
| CUSIP: |
581557 BF1 | 581557 BG9 | ||
| ISIN: |
XS1567173809 | XS1567174286 | ||
| Trade Date: |
February 13, 2017 | February 13, 2017 | ||
| Settlement Date: |
February 17, 2017 (T+3) | February 17, 2017 (T+3) | ||
| Bookrunners: |
Barclays Bank PLC Deutsche Bank AG, London Branch MUFG Securities EMEA plc UniCredit Bank AG |
Barclays Bank PLC Deutsche Bank AG, London Branch MUFG Securities EMEA plc UniCredit Bank AG | ||
| Senior Co-Managers: |
Citigroup Global Markets Limited Goldman, Sachs & Co. J.P. Morgan Securities plc Merrill Lynch International Wells Fargo Securities International Limited |
Citigroup Global Markets Limited Goldman, Sachs & Co. J.P. Morgan Securities plc Merrill Lynch International Wells Fargo Securities International Limited | ||
| Co-Managers: |
BNP Paribas Coöperatieve Rabobank U.A. DNB Markets, a Division of DNB Bank ASA HSBC Securities (USA) Inc. ING Bank N.V. Belgian Branch The Royal Bank of Scotland plc (trading as NatWest Markets) PNC Capital Markets LLC Scotiabank Europe plc TD Securities (USA) LLC U.S. Bancorp Investments, Inc. The Williams Capital Group, L.P. |
BNP Paribas Coöperatieve Rabobank U.A. DNB Markets, a Division of DNB Bank ASA HSBC Securities (USA) Inc. ING Bank N.V. Belgian Branch The Royal Bank of Scotland plc (trading as NatWest Markets) PNC Capital Markets LLC Scotiabank Europe plc TD Securities (USA) LLC U.S. Bancorp Investments, Inc. The Williams Capital Group, L.P. | ||
| * | 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 Deutsche Bank AG, London Branch toll-free at 1-800-503-4611 (or via email at synops@list.db.com).
This pricing term sheet supplements the preliminary prospectus supplement dated February 13, 2017 and prospectus dated January 27, 2017.