Filed pursuant to Rule 433
March 19, 2020
Relating to
Preliminary Prospectus Supplement dated March 19, 2020 to
Prospectus dated November 18, 2019
Registration StatementNo. 333-234761
MetLife, Inc.
$1,000,000,000 4.550% Senior Notes due 2030
Final Term Sheet
March 19, 2020
The information in this final term sheet relates to the offering of the securities specified herein and should be read together with the preliminary prospectus supplement dated March 19, 2020 (the “Preliminary Prospectus Supplement”), including the documents incorporated by reference therein, and the accompanying prospectus dated November 18, 2019, filed pursuant to Rule 424(b) under the Securities Act of 1933 (Registration Statement FileNo. 333-234761). This final term sheet is qualified in its entirety by reference to the Preliminary Prospectus Supplement. Terms used herein but not defined herein shall have the respective meanings as set forth in the Preliminary Prospectus Supplement.
Issuer: | MetLife, Inc. (“Issuer”) | |
Securities: | 4.550% Senior Notes due 2030 | |
Anticipated Ratings/Outlook*: | A3 /A- /A- (Stable / Stable / Stable) (Moody’s / S&P / Fitch) | |
Aggregate Principal Amount: | $1,000,000,000 | |
Price to the Public: | 99.595% of principal amount, plus accrued interest, if any, from March 23, 2020 | |
Gross Underwriting Discount: | 0.450% | |
Proceeds to Issuer Before Expenses: | $991,450,000 | |
Maturity Date: | March 23, 2030 | |
Trade Date: | March 19, 2020 | |
Settlement Date: | March 23, 2020 (T+2) | |
Interest Payment Dates: | Semi-annually on March 23 and September 23 of each year, beginning on September 23, 2020 | |
Coupon: | 4.550% | |
Benchmark Treasury: | UST 1.500% due February 15, 2030 | |
Spread to Benchmark Treasury: | UST + 350 bps |
Benchmark Treasury Price and Yield: | 103-23+ , 1.101% | |
Yield to Maturity: | 4.601% | |
Denominations: | $2,000 and integral multiples of $1,000 in excess thereof | |
Ranking: | Senior Unsecured | |
Par Call Date: | December 23, 2029 | |
Make-Whole Call: | UST + 50 bps | |
CUSIP: | 59156R BZ0 | |
ISIN: | US59156RBZ01 | |
Joint Book-Running Managers: | Barclays Capital Inc. Credit Suisse Securities (USA) LLC Deutsche Bank Securities Inc. Goldman Sachs & Co. LLC J.P. Morgan Securities LLC | |
SeniorCo-Managers: | BNP Paribas Securities Corp. Citigroup Global Markets Inc. HSBC Securities (USA) Inc. U.S. Bancorp Investments, Inc. | |
Co-Managers: | Mizuho Securities USA LLC Scotia Capital (USA) Inc. SG Americas Securities, LLC SMBC Nikko Securities America, Inc. | |
JuniorCo-Managers: | ANZ Securities, Inc. BNY Mellon Capital Markets, LLC Commerz Markets LLC Credit Agricole Securities (USA) Inc. ICBC Standard Bank Plc nabSecurities, LLC NatWest Markets Securities Inc. Santander Investment Securities Inc. Siebert Williams Shank & Co., LLC Standard Chartered Bank TD Securities (USA) LLC UniCredit Capital Markets LLC American Veterans Group, PBC R. Seelaus & Co., 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 website at www.sec.gov. Alternatively, the Issuer, any underwriter or any dealer participating in this offering will arrange to send you the prospectus if you request it by calling Barclays Capital Inc. toll-free at +1 (888)603-5847, Credit Suisse Securities (USA) LLC toll-free at +1 (800)221-1037, Deutsche Bank Securities Inc. toll-free at +1 (800)503-4611, Goldman Sachs & Co. LLC toll-free at +1 (866)471-2526 or J.P. Morgan Securities LLC collect at +1 (212)834-4533.
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