Filed Pursuant to Rule 433
Registration Statement No. 333-159366
Pricing Term Sheet
September 13, 2011
Hewlett-Packard Company
6.000% Global Notes due September 15, 2041
| Issuer: |
Hewlett-Packard Company | |
| Format: |
SEC Registered Global | |
| Anticipated Security Ratings: |
A2 (Moody’s Investors Service) / A (Standard & Poor’s) / A+ (Fitch Ratings) | |
| Trade Date: |
September 13, 2011 | |
| Settlement Date: |
September 19, 2011 | |
| Maturity Date: |
September 15, 2041 | |
| Aggregate Principal Amount Offered: |
$1,200,000,000 | |
| Coupon: |
6.000% | |
| Price to Public (Issue Price): |
99.863% | |
| Benchmark: |
UST 4.375% due May 15, 2041 | |
| Benchmark Yield: |
3.310% | |
| Spread to Benchmark: |
+270 basis points | |
| Re-offer Yield: |
6.010% | |
| Interest Payment Dates: |
Semi-annually on March 15 and September 15 of each year, beginning on March 15, 2012 | |
| Optional Redemption: |
Greater of Par or Make-Whole at Treasury Rate +40 basis points | |
| Special Mandatory Redemption: |
If the issuer does not consummate the Autonomy acquisition on or prior to October 1, 2012, or if the offer lapses or is withdrawn at any time prior to such date, the issuer must redeem all of the 2041 Global Notes at a redemption price equal to 101% of the aggregate principal amount of the 2041 Global Notes, plus accrued and unpaid interest from the date of initial issuance, or the most recent date to which interest has been paid or provided for, as the case may be, to but excluding the special mandatory redemption date. See “Description of the Global Notes—Special Mandatory Redemption.” in the preliminary prospectus supplement for more information. | |
| CUSIP: |
428236BR3 | |
| Denominations: |
$2,000 × $1,000 | |
| Joint Bookrunners: |
Barclays Capital Inc. Citigroup Global Markets Inc. Merrill Lynch, Pierce, Fenner & Smith Incorporated Credit Suisse Securities (USA) LLC HSBC Securities (USA) Inc. Morgan Stanley & Co. LLC UBS Securities LLC | |
| Co-Managers: |
BNP Paribas Securities Corp. Deutsche Bank Securities Inc. Goldman, Sachs & Co. Mitsubishi UFJ Securities (USA), Inc. RBS Securities Inc. Santander Investments Securities Inc. SG Americas Securities, LLC U.S. Bancorp Investments, Inc. Wells Fargo Securities, LLC | |
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 Securities and Exchange Commission 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 Securities and Exchange Commission 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 (1) Barclays Capital Inc. toll free at 1-888-603-5847, (2) Citigroup Global Markets Inc. toll free at 1-877-858-5407 or (3) Merrill Lynch, Pierce, Fenner & Smith Incorporated toll free at 1-800-294-1322.