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BLK Blackrock

Filed: 27 Apr 20, 4:46pm

Filed Pursuant to Rule 433

Registration Statement No. 333-224504

BLACKROCK, INC.

$1,250,000,000 SENIOR UNSECURED NOTE OFFERING

PRICING TERM SHEET

April 27, 2020

$1,250,000,000

1.900% Notes due 2031

 

Issuer:  BlackRock, Inc. (“BlackRock”)
Expected Ratings*:  

Aa3 by Moody’s Investors Service, Inc.

AA- by Standard & Poor’s Ratings Services

Trade Date:  April 27, 2020
Settlement Date**:  May 6, 2020 (T+7)
Principal Amount:  $1,250,000,000
Maturity Date:  January 28, 2031
Benchmark Treasury:  1.500% due February 15, 2030
Benchmark Treasury Price and Yield:  107-31+; 0.657%
Spread to Benchmark Treasury:  + 128 basis points
Yield to Maturity:  1.937%
Price to Public:  99.644%
All-in-Price to Issuer:  99.194%
Proceeds to Issuer before Expenses:  $1,239,925,000
Coupon:  1.900%
Interest Payment Dates:  Paid semi-annually on January 28 and July 28, commencing July 28, 2020 (short first coupon)
Optional Redemption:  Make-whole call at Treasury + 20 basis points prior to October 28, 2030; par call at 100% of principal amount on or after October 28, 2030
CUSIP:  09247X AR2
ISIN:  US09247XAR26
Joint Book-Running Managers:  

Morgan Stanley & Co. LLC

Citigroup Global Markets Inc.

HSBC Securities (USA) Inc.

Barclays Capital Inc.

Credit Suisse Securities (USA) LLC


Co-Managers:  

BBVA Securities Inc.

BNP Paribas Securities Corp.

BofA Securities, Inc.

Credit Agricole Securities (USA) Inc.

Deutsche Bank Securities Inc.

Goldman Sachs & Co. LLC

ICBC Standard Bank Plc1

J.P. Morgan Securities LLC

Loop Capital Markets LLC

U.S. Bancorp Investments, Inc.

Wells Fargo Securities, LLC

Cabrera Capital Markets, LLC

CastleOak Securities, L.P.

Great Pacific Securities

Penserra Securities LLC

Siebert Williams Shank & 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.

**

Under Rule15c6-1 of the Securities Exchange Act of 1934, as amended, trades in the secondary market generally are required to settle in two business days, unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade the notes prior to two business days before delivery may be required, because the notes initially will settle in T+7, to specify an alternate settlement cycle at the time of any such trade to prevent a failed settlement. If you wish to trade the notes prior to two business days before delivery, you should consult your own advisors.

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, including the preliminary prospectus supplement dated April 27, 2020, 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 and the prospectus supplement, when available, if you request it by calling (i) Morgan Stanley & Co. LLC toll-free at1-866-718-1649; (ii) Citigroup Global Markets Inc. toll-free at1-800-831-9146; and (iii) HSBC Securities (USA) Inc. toll-free at1-866-811-8049.

 

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ICBC Standard Bank Plc is restricted in its U.S. securities dealings under the United States Bank Holding Company Act and is not a U.S.-registered broker-dealer. All sales of securities in the U.S. will be made by or through U.S.-registered broker-dealers. ICBC Standard Bank Plc 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 notes constituting part of its allotment solely outside the United States.

 

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