Filed Pursuant to Rule 433
Registration Statement No. 333-169328
BLACKROCK, INC.
$1,500,000,000 SENIOR UNSECURED NOTE OFFERING
PRICING TERM SHEET
MAY 22, 2012
$750,000,000
1.375% Notes due 2015
Issuer: | BlackRock, Inc. (“BlackRock”) | |
Expected Ratings*: | A1 (stable) by Moody’s Investors Service, Inc. A+ (stable) by Standard & Poor’s Ratings Services | |
Trade Date: | May 22, 2012 | |
Settlement Date: | May 25, 2012 (T+3) | |
Principal Amount: | $750,000,000 | |
Maturity Date: | June 1, 2015 | |
Price to Public: | 99.885% | |
All-in-Price: | 99.635% | |
Proceeds to Issuer before Expenses: | $747,262,500 | |
Coupon: | 1.375% | |
Benchmark Treasury: | 0.250% due May 15, 2015 | |
Benchmark Treasury Price and Yield: | 99-16+; 0.414% | |
Spread to Benchmark Treasury: | + 100 bps | |
Yield to Maturity: | 1.414% | |
Interest Payment Dates: | Paid semi-annually on June 1 and December 1, commencing December 1, 2012 | |
Optional Redemption: | Make-whole call at Treasury +15 bps | |
Denominations: | $2,000 and integral multiples of $1,000 in excess thereof | |
Use of Proceeds: | BlackRock intends to use the net proceeds from the offerings to fund the repurchase of its shares of common stock and shares of preferred stock (the “Repurchase”), and for general corporate purposes, which may include repayments of its outstanding indebtedness. | |
CUSIP: | 09247XAK7 | |
ISIN: | US09247XAK72 | |
Joint Book-Running Managers: | Citigroup Global Markets Inc. J.P. Morgan Securities LLC Wells Fargo Securities, LLC | |
Joint Lead Managers: | Barclays Capital Inc. Credit Suisse Securities (USA) LLC Deutsche Bank Securities Inc. Merrill Lynch, Pierce, Fenner & Smith Incorporated Morgan Stanley & Co. LLC UBS Securities LLC |
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Co-Managers: | Goldman, Sachs & Co. HSBC Securities (USA) Inc. Mizuho Securities USA Inc. RBS Securities Inc.
CastleOak Securities, L.P. Loop Capital Markets LLC Muriel Siebert & Co., Inc. Samuel A. Ramirez & Company, Inc. Williams Capital Group, L.P. |
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$750,000,000
3.375% Notes due 2022
Issuer: | BlackRock, Inc. | |
Expected Ratings*: | A1(stable) by Moody’s Investors Service, Inc. A+ (stable) by Standard & Poor’s Ratings Services | |
Trade Date: | May 22, 2012 | |
Settlement Date: | May 25, 2012 (T+3) | |
Principal Amount: | $750,000,000 | |
Maturity Date: | June 1, 2022 | |
Price to Public: | 99.469% | |
All-in-Price: | 99.019% | |
Proceeds to Issuer before Expenses: | $742,642,500 | |
Coupon: | 3.375% | |
Benchmark Treasury: | 1.750% due May 15, 2022 | |
Benchmark Treasury Price and Yield: | 99-21; 1.788% | |
Spread to Benchmark Treasury: | + 165 bps | |
Yield to Maturity: | 3.438% | |
Interest Payment Dates: | Paid semi-annually on June 1 and December 1, commencing December 1, 2012 | |
Optional Redemption: | Make-whole call at Treasury +25 bps | |
Denominations: | $2,000 and integral multiples of $1,000 in excess thereof | |
Use of Proceeds: | BlackRock intends to use the net proceeds from the offerings to fund the Repurchase, and for general corporate purposes, which may include repayments of its outstanding indebtedness. | |
CUSIP: | 09247XAJ0 | |
ISIN: | US09247XAJ00 | |
Joint Book-Running Managers: | Citigroup Global Markets Inc. J.P. Morgan Securities LLC Wells Fargo Securities, LLC | |
Joint Lead Managers: | Barclays Capital Inc. Credit Suisse Securities (USA) LLC Deutsche Bank Securities Inc. Merrill Lynch, Pierce, Fenner & Smith Incorporated Morgan Stanley & Co. LLC UBS Securities LLC | |
Co-Managers: | Goldman, Sachs & Co. HSBC Securities (USA) Inc. Mizuho Securities USA Inc. RBS Securities Inc.
CastleOak Securities, L.P. Loop Capital Markets LLC Muriel Siebert & Co., Inc. Samuel A. Ramirez & Company, Inc. Williams Capital Group, L.P. |
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* 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 Web site at www.sec.gov.
Alternatively, 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 at 877-858-5407, J.P. Morgan Securities LLC collect at 212-834-4533 or Wells Fargo Securities, LLC toll free at 800-326-5897.
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