Filed Pursuant to Rule 433 under the Securities Act of 1933
Registration StatementNo. 333-219630
Issuer Free Writing Prospectus, dated April 30, 2020
The Boeing Company
Final Term Sheet
$3,000,000,000 4.508% Senior Notes due 2023
Summary of Final Terms
Dated April 30, 2020
Issuer | The Boeing Company | |
Principal Amount | $3,000,000,000 | |
Trade Date | April 30, 2020 | |
Settlement Date (T+2) | May 4, 2020 | |
Maturity Date | May 1, 2023 | |
Treasury Benchmark | UST 0.250% due April 15, 2023 | |
Treasury Price / Yield | 99-311⁄4 / 0.258% | |
Spread to Treasury | +425 bps | |
Reoffer Yield | 4.508% | |
Price to Public1 | 100.000% | |
Gross Fee Spread | 0.250% | |
Coupon (Interest Rate) | 4.508% | |
Interest Payment Dates | May 1 and November 1 | |
First Interest Payment Date | November 1, 2020 | |
Call Provision | MWC @ T+50 bps at any time prior to April 1, 2023 (one month prior to maturity); par call at any time on or after April 1, 2023 | |
CUSIP / ISIN | 097023 CS2 / US097023CS21 | |
Joint Book-Running Managers | Citigroup Global Markets Inc. BofA Securities, Inc. J.P. Morgan Securities LLC Wells Fargo Securities, LLC BNP Paribas Securities Corp. Deutsche Bank Securities Inc. Goldman Sachs & Co. LLC Mizuho Securities USA LLC Morgan Stanley & Co. LLC RBC Capital Markets, LLC SMBC Nikko Securities America, Inc. |
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SeniorCo-Managers | BBVA Securities Inc. Commerz Markets LLC Credit Agricole Securities (USA) Inc. Credit Suisse Securities (USA) LLC MUFG Securities Americas Inc. Santander Investment Securities Inc. SG Americas Securities, LLC | |
Co-Managers | ANZ Securities, Inc. Banca IMI S.p.A. Barclays Capital Inc. ICBC Standard Bank Plc2 Lloyds Securities Inc. PNC Capital Markets LLC Standard Chartered Bank3 SunTrust Robinson Humphrey, Inc. U.S. Bancorp Investments, Inc. Westpac Capital Markets LLC | |
JuniorCo-Managers | Academy Securities, Inc. Apto Partners, LLC Bancroft Capital LLC Blaylock Van, LLC Cabrera Capital Markets LLC CastleOak Securities, L.P. C.L. King & Associates, Inc. Drexel Hamilton, LLC Great Pacific Securities Guzman & Company Loop Capital Markets LLC MFR Securities, Inc. Mischler Financial Group, Inc. Multi-Bank Securities, Inc. Penserra Securities LLC R. Seelaus & Co., LLC Samuel A. Ramirez & Company, Inc. Siebert Williams Shank & Co., LLC Stern Brothers & Co. Telsey Advisory Group LLC Tribal Capital Markets, LLC |
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$3,500,000,000 4.875% Senior Notes due 2025
Summary of Final Terms
Dated April 30, 2020
Issuer | The Boeing Company | |
Principal Amount | $3,500,000,000 | |
Trade Date | April 30, 2020 | |
Settlement Date (T+2) | May 4, 2020 | |
Maturity Date | May 1, 2025 | |
Treasury Benchmark | UST 0.500% due March 31, 2025 | |
Treasury Price / Yield | 100-19+ / 0.375% | |
Spread to Treasury | +450 bps | |
Reoffer Yield | 4.875% | |
Price to Public1 | 100.000% | |
Gross Fee Spread | 0.350% | |
Coupon (Interest Rate) | 4.875% | |
Interest Payment Dates | May 1 and November 1 | |
First Interest Payment Date | November 1, 2020 | |
Call Provision | MWC @ T+50 bps at any time prior to April 1, 2025 (one month prior to maturity); par call at any time on or after April 1, 2025 | |
CUSIP / ISIN | 097023 CT0 / US097023CT04 | |
Joint Book-Running Managers | Citigroup Global Markets Inc. BofA Securities, Inc. J.P. Morgan Securities LLC Wells Fargo Securities, LLC BNP Paribas Securities Corp. Deutsche Bank Securities Inc. Goldman Sachs & Co. LLC Mizuho Securities USA LLC Morgan Stanley & Co. LLC RBC Capital Markets, LLC SMBC Nikko Securities America, Inc. |
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SeniorCo-Managers | BBVA Securities Inc. Commerz Markets LLC Credit Agricole Securities (USA) Inc. Credit Suisse Securities (USA) LLC MUFG Securities Americas Inc. Santander Investment Securities Inc. SG Americas Securities, LLC | |
Co-Managers | ANZ Securities, Inc. Banca IMI S.p.A. Barclays Capital Inc. ICBC Standard Bank Plc2 Lloyds Securities Inc. PNC Capital Markets LLC Standard Chartered Bank3 SunTrust Robinson Humphrey, Inc. U.S. Bancorp Investments, Inc. Westpac Capital Markets LLC | |
JuniorCo-Managers | Academy Securities, Inc. Apto Partners, LLC Bancroft Capital LLC Blaylock Van, LLC Cabrera Capital Markets LLC CastleOak Securities, L.P. C.L. King & Associates, Inc. Drexel Hamilton, LLC Great Pacific Securities Guzman & Company Loop Capital Markets LLC MFR Securities, Inc. Mischler Financial Group, Inc. Multi-Bank Securities, Inc. Penserra Securities LLC R. Seelaus & Co., LLC Samuel A. Ramirez & Company, Inc. Siebert Williams Shank & Co., LLC Stern Brothers & Co. Telsey Advisory Group LLC Tribal Capital Markets, LLC |
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$2,000,000,000 5.040% Senior Notes due 2027
Summary of Final Terms
Dated April 30, 2020
Issuer | The Boeing Company | |
Principal Amount | $2,000,000,000 | |
Trade Date | April 30, 2020 | |
Settlement Date (T+2) | May 4, 2020 | |
Maturity Date | May 1, 2027 | |
Treasury Benchmark | UST 0.625% due March 31, 2027 | |
Treasury Price / Yield | 100-18+ / 0.540% | |
Spread to Treasury | +450 bps | |
Reoffer Yield | 5.040% | |
Price to Public1 | 100.000% | |
Gross Fee Spread | 0.400% | |
Coupon (Interest Rate) | 5.040% | |
Interest Payment Dates | May 1 and November 1 | |
First Interest Payment Date | November 1, 2020 | |
Call Provision | MWC @ T+50 bps at any time prior to March 1, 2027 (two months prior to maturity); par call at any time on or after March 1, 2027 | |
CUSIP / ISIN | 097023 CU7 / US097023CU76 | |
Joint Book-Running Managers | Citigroup Global Markets Inc. BofA Securities, Inc. J.P. Morgan Securities LLC Wells Fargo Securities, LLC BNP Paribas Securities Corp. Deutsche Bank Securities Inc. Goldman Sachs & Co. LLC Mizuho Securities USA LLC Morgan Stanley & Co. LLC RBC Capital Markets, LLC SMBC Nikko Securities America, Inc. | |
SeniorCo-Managers | BBVA Securities Inc. Commerz Markets LLC Credit Agricole Securities (USA) Inc. Credit Suisse Securities (USA) LLC MUFG Securities Americas Inc. Santander Investment Securities Inc. SG Americas Securities, LLC |
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Co-Managers | ANZ Securities, Inc. Banca IMI S.p.A. Barclays Capital Inc. ICBC Standard Bank Plc2 Lloyds Securities Inc. PNC Capital Markets LLC Standard Chartered Bank3 SunTrust Robinson Humphrey, Inc. U.S. Bancorp Investments, Inc. Westpac Capital Markets LLC | |
JuniorCo-Managers | Academy Securities, Inc. Apto Partners, LLC Bancroft Capital LLC Blaylock Van, LLC Cabrera Capital Markets LLC CastleOak Securities, L.P. C.L. King & Associates, Inc. Drexel Hamilton, LLC Great Pacific Securities Guzman & Company Loop Capital Markets LLC MFR Securities, Inc. Mischler Financial Group, Inc. Multi-Bank Securities, Inc. Penserra Securities LLC R. Seelaus & Co., LLC Samuel A. Ramirez & Company, Inc. Siebert Williams Shank & Co., LLC Stern Brothers & Co. Telsey Advisory Group LLC Tribal Capital Markets, LLC |
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$4,500,000,000 5.150% Senior Notes due 2030
Summary of Final Terms
Dated April 30, 2020
Issuer | The Boeing Company | |
Principal Amount | $4,500,000,000 | |
Trade Date | April 30, 2020 | |
Settlement Date (T+2) | May 4, 2020 | |
Maturity Date | May 1, 2030 | |
Treasury Benchmark | UST 1.500% due February 15, 2030 | |
Treasury Price / Yield | 108-01+ / 0.650% | |
Spread to Treasury | +450 bps | |
Reoffer Yield | 5.150% | |
Price to Public1 | 100.000% | |
Gross Fee Spread | 0.450% | |
Coupon (Interest Rate) | 5.150% | |
Interest Payment Dates | May 1 and November 1 | |
First Interest Payment Date | November 1, 2020 | |
Call Provision | MWC @ T+50 bps at any time prior to February 1, 2030 (three months prior to maturity); par call at any time on or after February 1, 2030 | |
CUSIP / ISIN | 097023 CY9 / US097023CY98 | |
Joint Book-Running Managers | Citigroup Global Markets Inc. BofA Securities, Inc. J.P. Morgan Securities LLC Wells Fargo Securities, LLC BNP Paribas Securities Corp. Deutsche Bank Securities Inc. Goldman Sachs & Co. LLC Mizuho Securities USA LLC Morgan Stanley & Co. LLC RBC Capital Markets, LLC SMBC Nikko Securities America, Inc. | |
SeniorCo-Managers | BBVA Securities Inc. Commerz Markets LLC Credit Agricole Securities (USA) Inc. Credit Suisse Securities (USA) LLC MUFG Securities Americas Inc. Santander Investment Securities Inc. SG Americas Securities, LLC |
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Co-Managers | ANZ Securities, Inc. Banca IMI S.p.A. Barclays Capital Inc. ICBC Standard Bank Plc2 Lloyds Securities Inc. PNC Capital Markets LLC Standard Chartered Bank3 SunTrust Robinson Humphrey, Inc. U.S. Bancorp Investments, Inc. Westpac Capital Markets LLC | |
JuniorCo-Managers | Academy Securities, Inc. Loop Capital Markets LLC R. Seelaus & Co., LLC Siebert Williams Shank & Co., LLC |
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$3,000,000,000 5.705% Senior Notes due 2040
Summary of Final Terms
Dated April 30, 2020
Issuer | The Boeing Company | |
Principal Amount | $3,000,000,000 | |
Trade Date | April 30, 2020 | |
Settlement Date (T+2) | May 4, 2020 | |
Maturity Date | May 1, 2040 | |
Treasury Benchmark | UST 2.375% due November 15, 2049 | |
Treasury Price / Yield | 126-05 / 1.305% | |
Spread to Treasury | +440 bps | |
Reoffer Yield | 5.705% | |
Price to Public1 | 100.000% | |
Gross Fee Spread | 0.750% | |
Coupon (Interest Rate) | 5.705% | |
Interest Payment Dates | May 1 and November 1 | |
First Interest Payment Date | November 1, 2020 | |
Call Provision | MWC @ T+50 bps at any time prior to November 1, 2039 (six months prior to maturity); par call at any time on or after November 1, 2039 | |
CUSIP / ISIN | 097023 CV5 / US097023CV59 | |
Joint Book-Running Managers | Citigroup Global Markets Inc. BofA Securities, Inc. J.P. Morgan Securities LLC Wells Fargo Securities, LLC BNP Paribas Securities Corp. Deutsche Bank Securities Inc. Goldman Sachs & Co. LLC Mizuho Securities USA LLC Morgan Stanley & Co. LLC RBC Capital Markets, LLC SMBC Nikko Securities America, Inc. | |
SeniorCo-Managers | BBVA Securities Inc. Commerz Markets LLC Credit Agricole Securities (USA) Inc. Credit Suisse Securities (USA) LLC MUFG Securities Americas Inc. Santander Investment Securities Inc. SG Americas Securities, LLC |
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Co-Managers | ANZ Securities, Inc. Banca IMI S.p.A. Barclays Capital Inc. ICBC Standard Bank Plc2 Lloyds Securities Inc. PNC Capital Markets LLC Standard Chartered Bank3 SunTrust Robinson Humphrey, Inc. U.S. Bancorp Investments, Inc. Westpac Capital Markets LLC | |
JuniorCo-Managers | Academy Securities, Inc. Loop Capital Markets LLC R. Seelaus & Co., LLC Siebert Williams Shank & Co., LLC |
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$5,500,000,000 5.805% Senior Notes due 2050
Summary of Final Terms
Dated April 30, 2020
Issuer | The Boeing Company | |
Principal Amount | $5,500,000,000 | |
Trade Date | April 30, 2020 | |
Settlement Date (T+2) | May 4, 2020 | |
Maturity Date | May 1, 2050 | |
Treasury Benchmark | UST 2.375% due November 15, 2049 | |
Treasury Price / Yield | 126-05 / 1.305% | |
Spread to Treasury | +450 bps | |
Reoffer Yield | 5.805% | |
Price to Public1 | 100.000% | |
Gross Fee Spread | 0.875% | |
Coupon (Interest Rate) | 5.805% | |
Interest Payment Dates | May 1 and November 1 | |
First Interest Payment Date | November 1, 2020 | |
Call Provision | MWC @ T+50 bps at any time prior to November 1, 2049 (six months prior to maturity); par call at any time on or after November 1, 2049 | |
CUSIP / ISIN | 097023 CW3 / US097023CW33 | |
Joint Book-Running Managers | Citigroup Global Markets Inc. BofA Securities, Inc. J.P. Morgan Securities LLC Wells Fargo Securities, LLC BNP Paribas Securities Corp. Deutsche Bank Securities Inc. Goldman Sachs & Co. LLC Mizuho Securities USA LLC Morgan Stanley & Co. LLC RBC Capital Markets, LLC SMBC Nikko Securities America, Inc. | |
SeniorCo-Managers | BBVA Securities Inc. Commerz Markets LLC Credit Agricole Securities (USA) Inc. Credit Suisse Securities (USA) LLC MUFG Securities Americas Inc. Santander Investment Securities Inc. SG Americas Securities, LLC |
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Co-Managers | ANZ Securities, Inc. Banca IMI S.p.A. Barclays Capital Inc. ICBC Standard Bank Plc2 Lloyds Securities Inc. PNC Capital Markets LLC Standard Chartered Bank3 SunTrust Robinson Humphrey, Inc. U.S. Bancorp Investments, Inc. Westpac Capital Markets LLC | |
JuniorCo-Managers | Academy Securities, Inc. Loop Capital Markets LLC Siebert Williams Shank & Co., LLC |
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$3,500,000,000 5.930% Senior Notes due 2060
Summary of Final Terms
Dated April 30, 2020
Issuer | The Boeing Company | |
Principal Amount | $3,500,000,000 | |
Trade Date | April 30, 2020 | |
Settlement Date (T+2) | May 4, 2020 | |
Maturity Date | May 1, 2060 | |
Treasury Benchmark | UST 2.375% due November 15, 2049 | |
Treasury Price / Yield | 126-05 / 1.305% | |
Spread to Treasury | +462.5 bps | |
Reoffer Yield | 5.930% | |
Price to Public1 | 100.000% | |
Gross Fee Spread | 0.925% | |
Coupon (Interest Rate) | 5.930% | |
Interest Payment Dates | May 1 and November 1 | |
First Interest Payment Date | November 1, 2020 | |
Call Provision | MWC @ T+50 bps at any time prior to November 1, 2059 (six months prior to maturity); par call at any time on or after November 1, 2059 | |
CUSIP / ISIN | 097023 CX1 / US097023CX16 | |
Joint Book-Running Managers | Citigroup Global Markets Inc. BofA Securities, Inc. J.P. Morgan Securities LLC Wells Fargo Securities, LLC BNP Paribas Securities Corp. Deutsche Bank Securities Inc. Goldman Sachs & Co. LLC Mizuho Securities USA LLC Morgan Stanley & Co. LLC RBC Capital Markets, LLC SMBC Nikko Securities America, Inc. | |
SeniorCo-Managers | Commerz Markets LLC Credit Agricole Securities (USA) Inc. |
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Co-Managers | ANZ Securities, Inc. Banca IMI S.p.A. Barclays Capital Inc. Standard Chartered Bank3 Westpac Capital Markets LLC |
Notes:
1 | Plus accrued interest, if any, from May 4, 2020. |
2 | ICBC Standard Bank Plc is restricted in its U.S. securities dealings under the United States Bank Holding Company Act and may not underwrite, subscribe, agree to purchase or procure purchasers to purchase notes that are offered or sold in the United States. Accordingly, ICBC Standard Bank Plc shall not be obligated to, and shall not, underwrite, subscribe, agree to purchase or procure purchasers to purchase notes that may be offered or sold by other underwriters in the United States. ICBC Standard Bank Plc shall offer and sell the Securities constituting part of its allotment solely outside the United States. |
3 | Standard Chartered Bank will not effect any offers or sales of any notes in the United States unless it is through one or more U.S. registered broker-dealers as permitted by the regulations of FINRA. |
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 Citigroup Global Markets Inc. toll-free at1-800-831-9146, BofA Securities, Inc. at1-800-294-1322, J.P. Morgan Securities LLC at1-212-834-4533 and Wells Fargo Securities, LLC at1-800-645-3751.
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