Filed pursuant to Rule 433
Registration No. 333-233090
Issuer Free Writing Prospectus dated August 19, 2019
Relating to Preliminary Prospectus Supplement dated August 19, 2019
Pricing Term Sheet for 3.750% Senior Notes due 2029
Issuer: | Juniper Networks, Inc. | |
Expected Ratings (Moody’s/S&P)*: | Baa2 / BBB | |
Principal Amount: | $500,000,000 | |
Maturity Date: | August 15, 2029 | |
Coupon: | 3.750% | |
Public Offering Price: | 99.951% | |
Net Proceeds (after underwriting discount but before expenses): | $496,505,000 | |
Yield to Maturity: | 3.756% | |
Spread to Benchmark Treasury: | +215 basis points | |
Benchmark Treasury: | 1.625% due August 15, 2029 | |
Benchmark Treasury Price and Yield: | 100-05+ / 1.606% | |
Interest Payment Dates: | February 15 and August 15, beginning February 15, 2020 | |
Make-Whole Call: | At any time prior to May 15, 2029, at a discount rate of Treasury plus 35 basis points | |
Par Call: | On or after May 15, 2029 | |
Distribution Method: | SEC Registered | |
Trade Date: | August 19, 2019 | |
Settlement Date**: | T+5, August 26, 2019 | |
Denominations: | $2,000 and integral multiples of $1,000 above that amount | |
Day Count: | 30/360 | |
CUSIP/ISIN: | 48203RAM6/US48203RAM60 | |
Joint Book-Running Managers: | Barclays Capital Inc. BofA Securities, Inc. Citigroup Global Markets Inc. Credit Suisse Securities (USA) LLC HSBC Securities (USA) Inc. J.P. Morgan Securities LLC Mizuho Securities USA LLC Wells Fargo Securities, LLC |
* A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.
**Under Rule 15c6-1 of the Securities Exchange Act of 1934, as amended, trades in the secondary market are required to settle in two business days, unless the parties to a trade expressly agree otherwise. Accordingly, purchasers who wish to trade notes prior to the second business day preceding the settlement date will be required, by virtue of the fact that the notes initially will settle in T+5, to specify alternative settlement arrangements to prevent a failed settlement.
The issuer has filed an automatic registration statement (including a prospectus) and a prospectus supplement with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement, the prospectus supplement 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 website at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus and prospectus supplement if you request it by (i) Barclays Capital Inc. at (888) 603-5847 (toll-free), (ii) BofA Securities, Inc. at (800) 294-1322 (toll-free) or (iii) Citigroup Global Markets Inc. at (800) 831-9146 (toll-free).
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