Issuer:
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E. I. du Pont de Nemours and Company | |
Title of Securities:
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1.950% Notes due 2016: (the Notes due 2016); 3.625% Notes due 2021: (the Notes due 2021); 4.900% Notes due 2041: (the Notes due 2041) |
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Trade Date:
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September 20, 2010 | |
Settlement Date (T+3):
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September 23, 2010 | |
Maturity Date:
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Notes due 2016: January 15, 2016; Notes due 2021: January 15, 2021; Notes due 2041: January 15, 2041 |
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Aggregate Principal Amount Offered:
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Notes due 2016: $500,000,000; Notes due 2021: $1,000,000,000; Notes due 2041: $500,000,000 |
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Price to Public (Issue Price):
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Notes due 2016: 99.047% plus accrued interest,
if any, from September 23, 2010; Notes due 2021: 99.859% plus accrued interest, if any, from September 23, 2010; Notes due 2041: 98.654% plus accrued interest, if any, from September 23, 2010. |
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Interest Rate:
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Notes due 2016: 1.950% per annum; Notes due 2021: 3.625% per annum; Notes due 2041: 4.900% per annum |
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Interest Payment Dates:
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Notes due 2016: Semi-annually on each January 15 and July 15, commencing January 15, 2011; Notes due 2021: Semi-annually on each January 15 and July 15, commencing January 15, 2011; Notes due 2041: Semi-annually on each January 15 and July 15, commencing January 15, 2011 |
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Optional Redemption:
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Notes due 2016: Make-whole call at any time at the greater of 100% or the discounted present value of the remaining scheduled payments of principal and interest at Treasury Rate plus 15 basis points. | |
Notes due 2021: Make-whole call at any time at the greater of 100% or the discounted present value of the remaining scheduled payments of principal and interest at Treasury Rate plus 15 basis points. | ||
Notes due 2041: Make-whole call at any time at the greater of 100% or the discounted present value of the remaining scheduled payments of principal and interest at Treasury Rate plus 20 basis points. | ||
Use of Proceeds:
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The Company intends to use the net proceeds from the sale of the Notes (which are expected to be approximately $1,975 million after payment of expenses related to the offering) to (i) redeem up to $1.4 billion aggregate principal amount of its 5.0% Notes due January 15, 2013 and 5.875% Notes due January 15, 2014, and (ii) pay down $500 million in commercial paper issued to fund a contribution to its principal U.S. pension plan. Net proceeds from the sale of the Notes that are not used for either of the foregoing purposes will be used for general corporate purposes. These purposes may include repayment and refinancing of debt, acquisitions, working capital, capital expenditures and repurchases and redemptions of securities. Pending any specific application, the Company may initially invest funds in cash equivalents and short-term marketable securities or apply them to the reduction of short-term indebtedness. |
Joint Bookrunners: |
Goldman, Sachs & Co.; Morgan Stanley & Co. Incorporated; Credit Suisse Securities (USA) LLC; J.P. Morgan Securities LLC. |
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Co-Managers:
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Banc of America Securities LLC; Barclays Capital Inc.; BBVA Securities Inc.; BNP Paribas Securities Corp.; BNY Mellon Capital Markets; Citigroup Global Markets Inc.; Deutsche Bank Securities Inc.; HSBC Securities (USA) Inc.; ING Financial Markets LLC; Mizuho Securities USA Inc.; Mitsubishi UFJ Securities (USA) Inc.; RBC Capital Markets Corporation; RBS Securities Inc.; Santander Investment Securities Inc.; Scotia Capital (USA) Inc.; SG Americas Securities, LLC; Standard Chartered Bank; The Williams Capital Group, L.P.; UBS Securities LLC; US Bancorp Investments, Inc.; Wells Fargo Securities, LLC. |
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CUSIP:
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Notes due 2016: 263534 CD9; Notes due 2021: 263534 CB3; Notes due 2041: 263534 CC1 |