Issuer Free Writing Prospectus filed pursuant to Rule 433
Supplementing the Preliminary Prospectus Supplement dated January 9, 2018
(to Prospectus dated October 19, 2017)
Registration No. 333-221020
January 9, 2018
JABIL INC.
Pricing Supplement
Pricing Supplement dated January 9, 2018 to Preliminary Prospectus Supplement dated January 9, 2018 of Jabil Inc. This Pricing Supplement is qualified in its entirety by reference to the Preliminary Prospectus Supplement. The information in this Pricing Supplement supplements the Preliminary Prospectus Supplement and supersedes the information in the Preliminary Prospectus Supplement to the extent it is inconsistent with the information in the Preliminary Prospectus Supplement. Capitalized terms used in this Pricing Supplement but not defined have the meanings given them in the Preliminary Prospectus Supplement.
| Issuer | Jabil Inc. | |
| Title of Security | 3.950% Senior Notes due 2028 | |
| Aggregate Principal Amount | $500,000,000 | |
| Maturity Date | January 12, 2028 | |
| Public Offering Price | 99.714%, plus accrued interest, if any, from January 17, 2018 | |
| Coupon | 3.950% | |
| Yield to Maturity | 3.985% | |
| Spread to Benchmark Treasury | +145 bps | |
| Benchmark Treasury | 2.250% due November 15, 2027 | |
| Benchmark Treasury Price and Yield | 97-17; 2.535% | |
| Interest Payment Dates | January 12 and July 12 of each year, beginning July 12, 2018 | |
| Record Dates | December 28 and June 27 | |
| Optional Redemption | Prior to October 12, 2027, make-whole call at T + 25 bps. Par call on or after October 12, 2027. | |
| Change of Control Repurchase Event | 101%, plus accrued and unpaid interest, if any, to, but excluding, the date of repurchase | |
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| Gross Proceeds | $498,570,000 | |
| Net Proceeds to Issuer before Expenses | $495,320,000 | |
| Trade Date | January 9, 2018 | |
| Settlement Date | January 17, 2018 (T+5). The Issuer expects that delivery of the notes will be made to investors on or about January 17 2018, which will be the fifth business day following the date of the prospectus supplement (such settlement being referred to as “T+5”). Under Rule 15c6-1 under the Securities Exchange Act of 1934, trades in the secondary market are required to settle in two business days, unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade the notes on the date of pricing or the next two business days will be required, by virtue of the fact that the notes initially settle in T+5, to specify an alternate settlement cycle at the time of any such trade to prevent a failed settlement. Purchasers of the notes who wish to trade the notes on the date of pricing or the next two business days should consult their own advisors. | |
| Joint Book-Running Managers | BNP Paribas Securities Corp. Citigroup Global Markets Inc. J.P. Morgan Securities LLC Mizuho Securities USA LLC Merrill Lynch, Pierce, Fenner & Smith Incorporated MUFG Securities Americas Inc. SMBC Nikko Securities America, Inc. | |
| Senior Co-Managers | Loop Capital Markets LLC HSBC Securities (USA) Inc. Scotia Capital (USA) Inc. Standard Chartered Bank The Williams Capital Group, L.P. U.S. Bancorp Investments, Inc. | |
| Co-Managers | Wells Fargo Securities, LLC ICBC Standard Bank PLC | |
| Denominations | $2,000 and integral multiples of $1,000 in excess thereof | |
| CUSIP/ISIN Numbers | CUSIP: 466313 AH6 ISIN: US466313AH63 | |
| Offering Format | SEC Registered (Registration No. 333-221020) | |
FREE WRITING PROSPECTUS LEGEND
JABIL INC. HAS FILED A REGISTRATION STATEMENT (INCLUDING A PROSPECTUS AND PRELIMINARY PROSPECTUS SUPPLEMENT) WITH THE SECURITIES AND EXCHANGE COMMISSION (THE “SEC”) FOR THE OFFERING TO WHICH THIS COMMUNICATION RELATES. BEFORE YOU INVEST, YOU SHOULD READ THE PROSPECTUS (INCLUDING THE PROSPECTUS SUPPLEMENT) IN THAT REGISTRATION STATEMENT AND OTHER DOCUMENTS JABIL INC. HAS FILED WITH THE SEC FOR MORE COMPLETE INFORMATION ABOUT JABIL INC. AND THE OFFERING. YOU MAY GET THESE DOCUMENTS FOR FREE BY VISITING THE SEC WEB SITE AT WWW.SEC.GOV. ALTERNATIVELY, JABIL INC., THE UNDERWRITERS OR ANY DEALER PARTICIPATING IN THE OFFERING WILL ARRANGE TO SEND YOU THE PROSPECTUS AND APPLICABLE PROSPECTUS
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SUPPLEMENT IF YOU REQUEST THEM FROM: BNP PARIBAS SECURITIES CORP., 787 SEVENTH AVENUE, NEW YORK, NEW YORK 10019, ATTENTION: SYNDICATE DESK OR BY CALLING (800) 854-5674, CITIGROUP GLOBAL MARKETS INC., C/O BROADRIDGE FINANCIAL SOLUTIONS, 1155 LONG ISLAND AVENUE, EDGEWOOD, NEW YORK 11717 OR BY CALLING (800) 831-9146, J.P. MORGAN SECURITIES LLC, 383 MADISON AVENUE, NEW YORK, NEW YORK 10179, ATTENTION: INVESTMENT GRADE SYNDICATE DESK, 3RD FLOOR OR BY CALLING (212) 834-4533, OR MIZUHO SECURITIES USA LLC, 320 PARK AVENUE, 12TH FLOOR, NEW YORK, NEW YORK 10022, ATTENTION: SYNDICATE DESK OR BY CALLING (212) 205-7543.
ANY DISCLAIMERS OR OTHER NOTICES THAT MAY APPEAR BELOW ARE NOT APPLICABLE TO THIS COMMUNICATION AND SHOULD BE DISREGARDED. SUCH DISCLAIMERS OR OTHER NOTICES WERE AUTOMATICALLY GENERATED AS A RESULT OF THIS COMMUNICATION BEING SENT VIA BLOOMBERG OR ANOTHER EMAIL SYSTEM.
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