Issuer Free Writing Prospectus, dated March 2, 2009
Filed Pursuant to Rule 433 under the Securities Act of 1933
Registration No. 333-137183
Anadarko Petroleum Corporation
Pricing Term Sheet
| Issuer: | Anadarko Petroleum Corporation | |
| Distribution: | SEC Registered | |
| Security Description: | 7.625% Senior Notes due March 15, 2014 (the “2014 Notes”) | |
| 8.700% Senior Notes due March 15, 2019 (the “2019 Notes”) | ||
| Aggregate Principal Amount: | 2014 Notes: $500,000,000 | |
| 2019 Notes: $600,000,000 | ||
| Gross Proceeds: | 2014 Notes: $498,500,000 | |
| 2019 Notes: $598,110,000 | ||
| Net Proceeds (Before Expenses): | 2014 Notes: $495,500,000 | |
| 2019 Notes: $594,210,000 | ||
| Aggregate Net Proceeds | $1,089,710,000 | |
| Coupon: | 2014 Notes: 7.625% | |
| 2019 Notes: 8.700% | ||
| Maturity: | 2014 Notes: March 15, 2014 | |
| 2019 Notes: March 15, 2019 | ||
| Offering Price: | 2014 Notes: 99.700% of principal amount | |
| 2019 Notes: 99.685% of principal amount | ||
| Yield to Maturity: | 2014 Notes: 7.697% | |
| 2019 Notes: 8.747% | ||
| Spread to Benchmark Treasury: | 2014 Notes: + 587.5 bps | |
| 2019 Notes: + 587.5 bps | ||
| Benchmark Treasury: | 2014 Notes: UST 1.875% due February 28, 2014 | |
| 2019 Notes: UST 2.750% due February 15, 2019 | ||
| Benchmark Yield: | UST 1.875% due February 28, 2014 : 1.822% | |
| UST 2.750% due February 15, 2019 : 2.872% | ||
| Ratings: | Baa3/BBB- (Stable/Stable) | |
| Interest Payment Dates: | Semi-annually on each March 15th and September 15th, commencing September 15, 2009 on both tranches | |
| Optional Redemption: | Make whole call @ T+50 bps at anytime on both tranches | |
| Trade Date: | March 2, 2009 | |
| Settlement Date: | (T+3) March 5, 2009 | |
| CUSIP: | 2014 Notes: 032511BD8 | |
| 2019 Notes: 032511BC0 | ||
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| ISIN: | 2014 Notes: US032511BD82 | |
| 2019 Notes: US032511BC00 | ||
| Joint Bookrunners: | J.P. Morgan | |
| UBS Investment Bank | ||
| Credit Suisse | ||
| Senior Co-Managers: | Banc of America Securities LLC | |
| Citi | ||
| Deutsche Bank Securities | ||
| Morgan Stanley | ||
| RBS Greenwich Capital | ||
| Wells Fargo Securities | ||
| Junior Co-Managers: | Barclays Capital | |
| DnB NOR Markets | ||
| Goldman, Sachs & Co. | ||
| Scotia Capital | ||
| SOCIETE GENERALE | ||
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 J.P. Morgan Securities Inc. collect at 1-212-834-4533 or UBS Securities LLC at (877) 827-6444, ext. 561-3884.
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