Free Writing Prospectus Filed Pursuant to Rule 433
Registration Statement No. 333-183989
April 8, 2013
FedEx Corporation
Final Term Sheet
$250,000,000 2.70% Notes due 2023
$500,000,000 4.10% Notes due 2043
|
Issuer: |
FedEx Corporation |
|
|
|
|
Guarantors: |
Federal Express Corporation |
|
|
FedEx Ground Package System, Inc. |
|
|
FedEx Freight Corporation |
|
|
FedEx Freight, Inc. |
|
|
FedEx Corporate Services, Inc. |
|
|
FedEx TechConnect, Inc. |
|
|
FedEx Office and Print Services, Inc. |
|
|
Federal Express Europe, Inc. |
|
|
Federal Express Holdings S.A. |
|
|
Federal Express International, Inc. |
|
|
|
|
Title of Securities: |
$250,000,000 2.70% Notes due 2023 (the “Notes due 2023”) |
|
|
$500,000,000 4.10% Notes due 2043 (the “Notes due 2043”) |
|
|
|
|
Principal Amount: |
Notes due 2023: $250,000,000 |
|
|
Notes due 2043: $500,000,000 |
|
|
|
|
Expected Ratings |
Baa1/BBB |
|
|
|
|
Trade Date: |
April 8, 2013 |
|
|
|
|
Settlement Date (T+3): |
April 11, 2013 |
|
|
|
|
Maturity Date: |
Notes due 2023: April 15, 2023 |
|
|
Notes due 2043: April 15, 2043 |
|
|
|
|
Interest Payment Dates: |
Notes due 2023: Semi-annually on each April 15 and October 15, commencing October 15, 2013 |
|
|
|
|
|
Notes due 2043: Semi-annually on each April 15 and October 15, commencing October 15, 2013 |
|
|
|
|
Optional Redemption: |
Notes due 2023: Make-whole call at T+15 basis points |
|
|
Notes due 2043: Make-whole call at T+20 basis points |
|
|
|
|
Treasury Benchmark: |
Notes due 2023: UST 2.000% due February 15, 2023 |
|
|
Notes due 2043: UST 2.750% due November 15, 2042 |
|
|
|
|
Benchmark Yield: |
Notes due 2023: 1.731% |
|
|
Notes due 2043: 2.915% |
|
|
|
|
Spread to Benchmark: |
Notes due 2023: 100 basis points |
|
|
Notes due 2043: 120 basis points |
|
|
|
|
Reoffer Yield: |
Notes due 2023: 2.731% |
|
|
Notes due 2043: 4.115% |
|
Coupon: |
Notes due 2023: 2.70% per annum |
|
|
Notes due 2043: 4.10% per annum |
|
|
|
|
Price to Public: |
Notes due 2023: 99.730% of Principal Amount |
|
|
Notes due 2043: 99.742% of Principal Amount |
|
|
|
|
CUSIP/ISIN: |
Notes due 2023: 31428X AV8 / US31428XAV82 |
|
|
Notes due 2043: 31428X AU0 / US31428XAU00 |
|
|
|
|
Joint Book-Running Managers: |
Citigroup Global Markets Inc. |
|
|
Merrill Lynch, Pierce, Fenner & Smith |
|
|
Incorporated |
|
|
Goldman, Sachs & Co. |
|
|
J.P. Morgan Securities LLC |
|
|
Morgan Stanley & Co. LLC |
|
|
Wells Fargo Securities, LLC |
|
|
|
|
Co-Managers: |
BNP Paribas Securities Corp. |
|
|
Deutsche Bank Securities Inc. |
|
|
Drexel Hamilton, LLC |
|
|
Mizuho Securities USA Inc. |
|
|
Regions Securities LLC |
|
|
Scotia Capital (USA) Inc. |
|
|
SunTrust Robinson Humphrey, Inc. |
This final term sheet supplements, and should be read in conjunction with, FedEx Corporation’s preliminary prospectus supplement dated April 8, 2013 and accompanying prospectus dated September 19, 2012 and the documents incorporated by reference therein.
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 contacting (i) Citigroup Global Markets Inc. toll-free at 1-800-831-9146 or (ii) Merrill Lynch, Pierce, Fenner & Smith Incorporated toll-free at 1-800-294-1322 or by e-mailing dg.propsectus_requests@baml.com.
*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.