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Issuer Free Writing Prospectus, dated March 9, 2010
Filed Pursuant to Rule 433 under the Securities Act of 1933
Registration No. 333-161370
Anadarko Petroleum Corporation
Pricing Term Sheet
     
Issuer:
   Anadarko Petroleum Corporation
 
    
Distribution:
   SEC Registered
 
    
Security Description:
   6.200% Senior Notes due March 15, 2040
 
    
Aggregate Principal Amount:
   $750,000,000
 
    
Gross Proceeds:
   $744,547,500
 
    
Net Proceeds (Before Expenses):
   $737,985,000
 
    
Coupon:
   6.200%
 
    
Maturity:
   March 15, 2040
 
    
Offering Price:
   99.273% of principal amount
 
    
Yield to Maturity:
   6.254%
 
    
Spread to Benchmark Treasury:
   + 155 bps
 
    
Benchmark Treasury:
   UST 4.375% due November 15, 2039
 
    
Benchmark Yield:
   4.704%
 
    
Ratings (Moody’s/S&P/Fitch):
   Baa3/BBB-/BBB- (Stable/Stable/Stable)
 
    
Interest Payment Dates:
   Semi-annually on each March 15 and September 15, commencing September 15, 2010
 
    
Optional Redemption:
   Make whole call @ T+25 bp at any time
 
    
Trade Date:
   March 9, 2010
 
    
Settlement Date:
   March 16, 2010 (T+5)
 
    
CUSIP:
   032510 AC3
 
    
ISIN:
   US032510AC36

 

 

     
Joint Bookrunners:
   UBS Securities LLC
 
   Goldman, Sachs & Co.
 
   Citigroup Global Markets Inc.
 
   Credit Suisse Securities (USA) LLC
 
   Deutsche Bank Securities Inc.
 
   Morgan Stanley & Co. Incorporated
 
    
Co-Managers:
   BNP Paribas Securities Corp.
 
   DnB NOR Markets, Inc.
 
   J.P. Morgan Securities Inc.
 
   Mitsubishi UFJ Securities (USA), Inc.
 
   RBS Securities Inc.
 
   SG Americas 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 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 UBS Securities LLC at 877-827-6444 ext. 561-3884, Goldman, Sachs & Co. at 866-471-2526, Citigroup Global Markets Inc. at 877-858-5407, Credit Suisse Securities (USA) LLC at 800-221-1037, Deutsche Bank Securities Inc. at 800-503-4611 or Morgan Stanley & Co. Incorporated at 866-718-1649.