Filed Pursuant to Rule 433
Registration Statement No. 333-191157
BLACKROCK, INC.
$1,000,000,000 SENIOR UNSECURED NOTE OFFERING
PRICING TERM SHEET
March 13, 2014
$1,000,000,000
3.500% Notes due 2024
Issuer: | BlackRock, Inc. (“BlackRock”) | |
Expected Ratings*: | A1 by Moody’s Investors Service, Inc. A+ by Standard & Poor’s Ratings Services | |
Trade Date: | March 13, 2014 | |
Settlement Date: | March 18, 2014 (T+3) | |
Principal Amount: | $1,000,000,000 | |
Maturity Date: | March 18, 2024 | |
Price to Public: | 99.666% | |
All-in-Price: | 99.216% | |
Proceeds to Issuer before Expenses: | $992,160,000 | |
Coupon: | 3.500% | |
Benchmark Treasury: | 2.750% due February 15, 2024 | |
Benchmark Treasury Price and Yield: | 100-23+; 2.665% | |
Spread to Benchmark Treasury: | + 87.5 basis points | |
Yield to Maturity: | 3.540% | |
Interest Payment Dates: | Paid semi-annually on March 18 and September 18, commencing September 18, 2014 | |
Optional Redemption: | Make-whole call at Treasury + 15 bps | |
Denominations: | $2,000 and integral multiples of $1,000 in excess thereof | |
CUSIP: | 09247X AL5 | |
ISIN: | US09247XAL55 | |
Joint Book-Running Managers: | Deutsche Bank Securities Inc. HSBC Securities (USA) Inc. Merrill Lynch, Pierce, Fenner & Smith Incorporated Morgan Stanley & Co. LLC | |
Senior Co-Managers: | Barclays Capital Inc. Citigroup Global Markets Inc. Credit Suisse Securities (USA) LLC Goldman, Sachs & Co. J.P. Morgan Securities LLC RBC Capital Markets, LLC UBS Securities LLC Wells Fargo Securities, LLC | |
Co- Managers: | Mizuho Securities USA Inc. RBS Securities Inc. |
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Junior Co-Managers: | CastleOak Securities, L.P. Lebenthal & Co., LLC Loop Capital Markets LLC Mischler Financial Group, Inc. Samuel A. Ramirez & Company, Inc. The Williams Capital Group, L.P. |
* | 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 (i) Deutsche Bank Securities Inc. at 1 (800) 503-4611 (ii) HSBC Securities (USA) Inc. at 1 (866) 811-8049 (iii) Merrill Lynch, Pierce, Fenner & Smith Incorporated at 1 (800) 294-1322 and (iv) Morgan Stanley & Co. LLC at 1 (866) 718-1649
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