Issuer:

Kimberly-Clark Corporation

Security Type:

Senior Notes

Offering Format:

SEC Registered

Principal Amount:

$700,000,000

Maturity Date:

April 25, 2029

Coupon:

3.200%

Interest Payment Dates:

Semi-annually on April 25 and October 25, commencing October 25, 2019

Interest Record Dates:

April 10 and October 10

Price to Public:

99.830% of the principal amount

Net Proceeds After Underwriting Discount and Before Other Expenses:

$695,660,000

Benchmark Treasury:

2.625% due February 15, 2029

Benchmark Treasury Yield:

2.570%

Spread to Benchmark Treasury:

65 bps

Yield to Maturity:

3.220%

Optional Redemption:

Prior to January 25, 2029 (the “Par Call Date”), the Notes will be redeemable, at the option of Kimberly-Clark Corporation, at any time, in whole or in part, at a redemption price equal to the greater of (i) 100% of the principal amount of the Notes to be redeemed and (ii) the sum of the present values of the remaining scheduled payments of the principal on the Notes to be redeemed and interest thereon that would be due after the related redemption date if such Notes matured on the Par Call Date (provided, however, that, if such redemption date is not an interest payment date with respect to such Notes, the amount of the next scheduled interest payment thereon will be

reduced by the amount of interest accrued thereon to such redemption date) discounted, on a semi-annual basis, at the applicable treasury rate plus 10 basis points, plus, in each case, accrued and unpaid interest to the date of redemption.

On or after the Par Call Date, the Notes will be redeemable, at the option of Kimberly-Clark Corporation, at any time, in whole or in part, at a redemption price equal to 100% of principal amount of the Notes to be redeemed, plus accrued and unpaid interest to the date of redemption.

Change of Control:

Kimberly-Clark Corporation will be required to make an offer to repurchase the Notes at a price of 101% of the principal amount plus accrued and unpaid interest upon a Change of Control Repurchase Event.

Expected Settlement Date:

April 25, 2019 (T+2)

CUSIP:

494368BZ5

ISIN:

US494368BZ58

Joint Active Lead Managers:

J.P. Morgan Securities LLC
Morgan Stanley & Co. LLC
RBC Capital Markets, LLC

Joint Passive Lead Managers:

Deutsche Bank Securities Inc.

Goldman Sachs & Co. LLC

Senior Co-Managers:

Barclays Capital Inc.

Citigroup Global Markets Inc.

HSBC Securities (USA) Inc.

Co-Managers:

BBVA Securities Inc.

Credit Suisse Securities (USA) LLC

Santander Investment Securities Inc.