Filed pursuant to Rule 433
Registration No. 333-164299
January 12, 2010
FINAL TERM SHEET
$500,000,000 3.000% Notes due 2015
| Issuer: |
Stryker Corporation | |
| Security Type: |
3.000% Notes due 2015 | |
| Size: |
$500,000,000 | |
| Maturity Date: |
January 15, 2015 | |
| Coupon (Interest Rate): |
3.000% | |
| Interest Payment Dates: |
Each January 15 and July 15, commencing July 15, 2010 | |
| Yield to Maturity: |
3.023% | |
| Benchmark Treasury: |
2.625% due December 2014 | |
| Spread to Benchmark Treasury: |
T+55 bps | |
| Benchmark Treasury Yield: |
2.473% | |
| Make-Whole Call: |
T+10 bps | |
| Price to Public: |
99.894% | |
| Expected Settlement Date: |
January 15, 2010 | |
| Joint Bookrunners: |
Banc of America Securities LLC Barclays Capital Inc. Wells Fargo Securities, LLC | |
| Co-Managers: |
BNP Paribas Securities Corp. Citigroup Global Markets Inc. J.P. Morgan Securities Inc. Mitsubishi UFJ Securities (USA), Inc. Scotia Capital (USA) Inc. U.S. Bancorp Investments, Inc. Fifth Third Securities, Inc. KeyBanc Capital Markets Inc. Mizuho Securities USA Inc. PNC Capital Markets LLC | |
| CUSIP / ISIN: |
863667 AA9 / US863667AA94 | |
| Ratings: |
A3 / A+ | |
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 or e-mailing Banc of America Securities LLC at 1-800-294-1322 or dg.prospectus_distribution@bofasecurities.com, Barclays Capital Inc. at 1-888-603-5847 or barclaysprospectus@broadridge.com, or Wells Fargo Securities, LLC at 1-800-326-5897 or Prospectus.specialrequests@wachovia.com.
$500,000,000 4.375% Notes due 2020
| Issuer: |
Stryker Corporation | |
| Security Type: |
4.375% Notes due 2020 | |
| Size: |
$500,000,000 | |
| Maturity Date: |
January 15, 2020 | |
| Coupon (Interest Rate): |
4.375% | |
| Interest Payment Dates: |
Each January 15 and July 15, commencing July 15, 2010 | |
| Yield to Maturity: |
4.459% | |
| Benchmark Treasury: |
3.375% due November 2019 | |
| Spread to Benchmark Treasury: |
T+75 bps | |
| Benchmark Treasury Yield: |
3.709% | |
| Make-Whole Call: |
T+12 bps | |
| Price to Public: |
99.328% | |
| Expected Settlement Date: |
January 15, 2010 | |
| Joint Bookrunners: |
Banc of America Securities LLC Barclays Capital Inc. Wells Fargo Securities, LLC | |
| Co-Managers: |
BNP Paribas Securities Corp. Citigroup Global Markets Inc. J.P. Morgan Securities Inc. Mitsubishi UFJ Securities (USA), Inc. Scotia Capital (USA) Inc. U.S. Bancorp Investments, Inc. Fifth Third Securities, Inc. KeyBanc Capital Markets Inc. Mizuho Securities USA Inc. PNC Capital Markets LLC | |
| CUSIP / ISIN: |
863667 AB7 / US863667AB77 | |
| Ratings: |
A3 / A+ | |
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 or e-mailing Banc of America Securities LLC at 1-800-294-1322 or dg.prospectus_distribution@bofasecurities.com, Barclays Capital Inc. at 1-888-603-5847 or barclaysprospectus@broadridge.com, or Wells Fargo Securities, LLC at 1-800-326-5897 or Prospectus.specialrequests@wachovia.com.