Free Writing Prospectus
Filed pursuant to Rule 433
Dated April 27, 2020
Relating to
Preliminary Prospectus Supplement dated April 27, 2020 to
Prospectus dated November 20, 2017
Registration StatementNo. 333-221668
Final Term Sheet
$500,000,000 1.800% Notes due 2027
Issuer: | Emerson Electric Co. | |
Principal Amount: | $500,000,000 | |
Title of Securities: | 1.800% Notes due 2027 | |
Trade Date: | April 27, 2020 | |
Settlement Date: | April 29, 2020 (T+2) | |
Maturity Date: | October 15, 2027 | |
Benchmark Treasury: | UST 0.625% due March 31, 2027 | |
Benchmark Treasury Price / Yield: | 100-13+ / 0.563% | |
Spread to Benchmark Treasury: | 125 basis points | |
Interest Rate: | 1.800% per annum | |
Yield to Maturity: | 1.813% | |
Public Offering Price: | 99.910% | |
Gross Proceeds to Issuer: | $ 499,550,000.00 | |
Interest Payment Dates: | Interest on the notes will be payable semi-annually in arrears on April 15 and October 15 of each year, beginning on October 15, 2020 | |
Redemption Provision: | ||
Make-Whole Call: | Treasury Rate plus 20 basis points prior to August 15, 2027 | |
Par Call: | On or after August 15, 2027 | |
CUSIP: | 291011BL7 | |
ISIN: | US291011BL71 | |
Joint Book-Running Managers: | J.P. Morgan Securities LLC Citigroup Global Markets Inc. BofA Securities, Inc. | |
Co-Managers: | Barclays Capital Inc. BNP Paribas Securities Corp. Deutsche Bank Securities Inc. HSBC Securities (USA) Inc. Wells Fargo Securities, LLC |
$500,000,000 1.950% Notes due 2030
Issuer: | Emerson Electric Co. | |
Principal Amount: | $500,000,000 | |
Title of Securities: | 1.950% Notes due 2030 | |
Trade Date: | April 27, 2020 | |
Settlement Date: | April 29, 2020 (T+2) | |
Maturity Date: | October 15, 2030 | |
Benchmark Treasury: | UST 1.500% due February 15, 2030 | |
Benchmark Treasury Price / Yield: | 107-31 / 0.659% | |
Spread to Benchmark Treasury: | 135 basis points | |
Interest Rate: | 1.950% per annum | |
Yield to Maturity: | 2.009% | |
Public Offering Price: | 99.446% | |
Gross Proceeds to Issuer: | $ 497,230,000.00 | |
Interest Payment Dates: | Interest on the notes will be payable semi-annually in arrears on April 15 and October 15 of each year, beginning on October 15, 2020 | |
Redemption Provision: | ||
Make-Whole Call: | Treasury Rate plus 20 basis points prior to July 15, 2030 | |
Par Call: | On or after July 15, 2030 | |
CUSIP: | 291011BN3 | |
ISIN: | US291011BN38 | |
Joint Book-Running Managers: | J.P. Morgan Securities LLC Citigroup Global Markets Inc. BofA Securities, Inc. | |
Co-Managers: | Barclays Capital Inc. BNP Paribas Securities Corp. Deutsche Bank Securities Inc. HSBC Securities (USA) Inc. Wells Fargo Securities, LLC |
$500,000,000 2.750% Notes due 2050
Issuer: | Emerson Electric Co. | |
Principal Amount: | $500,000,000 | |
Title of Securities: | 2.750% Notes due 2050 | |
Trade Date: | April 27, 2020 | |
Settlement Date: | April 29, 2020 (T+2) | |
Maturity Date: | October 15, 2050 | |
Benchmark Treasury: | UST 2.375% due November 15, 2049 | |
Benchmark Treasury Price / Yield: | 127-17+ / 1.256% | |
Spread to Benchmark Treasury: | 150 basis points | |
Interest Rate: | 2.750% per annum | |
Yield to Maturity: | 2.756% | |
Public Offering Price: | 99.878% | |
Gross Proceeds to Issuer: | $ 499,390,000.00 | |
Interest Payment Dates: | Interest on the notes will be payable semi-annually in arrears on April 15 and October 15 of each year, beginning on October 15, 2020 | |
Redemption Provision: | ||
Make-Whole Call: | Treasury Rate plus 25 basis points prior to April 15, 2050 | |
Par Call: | On or after April 15, 2050 | |
CUSIP: | 291011BM5 | |
ISIN: | US291011BM54 | |
Joint Book-Running Managers: | J.P. Morgan Securities LLC Citigroup Global Markets Inc. BofA Securities, Inc. | |
Co-Managers: | Barclays Capital Inc. BNP Paribas Securities Corp. Deutsche Bank Securities Inc. HSBC Securities (USA) Inc. Wells Fargo Securities, LLC |
The issuer has filed a registration statement (including a prospectus) and a preliminary prospectus supplement with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement, the preliminary prospectus supplement 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 J.P.
Morgan Securities LLC collect at1-212-834-4533, Citigroup Global Markets Inc. toll free at1-800-831-9146 or BofA Securities, Inc. toll free at1-800-294-1322.
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