Filed Pursuant to Rule 433
Registration No. 333-248208
Issuer Free Writing Prospectus dated June 9, 2021 relating to
Preliminary Prospectus Supplement dated June 9, 2021 to
Prospectus dated August 20, 2020
Unum Group
Final Term Sheet Relating to
$600,000,000 Aggregate Principal Amount of
4.125% Senior Notes due 2051
This term sheet relates to the senior notes referenced above (the “notes”) and should be read together with the preliminary prospectus supplement dated June 9, 2021 and the prospectus dated August 20, 2020 (including the documents incorporated by reference therein) relating to the notes offering before making a decision in connection with an investment in the notes. Terms used but not defined herein have the meanings ascribed to them in the preliminary prospectus supplement.
Issuer: | Unum Group (the “Issuer”) | |
Expected Issue Ratings:* | Baa3 (negative) (Moody’s) / BBB (stable) (S&P) / BBB- (stable) (Fitch) | |
Title of Notes: | 4.125% Senior Notes due 2051 | |
Aggregate Principal Amount Offered: | $600,000,000 aggregate principal amount of notes | |
Denominations: | $2,000 and integral multiples of $1,000 in excess thereof | |
Public Offering Price: | 99.014% of principal amount | |
Underwriting Discount: | 0.875% of principal amount | |
Proceeds, before Expenses: | 98.139% of principal amount; $588,834,000 | |
Stated Maturity Date: | June 15, 2051 | |
Interest Payment Dates: | June 15 and December 15, beginning December 15, 2021 | |
Record Dates: | June 1 and December 1 | |
Coupon: | 4.125% | |
Redemption Provision: | Make Whole Call at any time prior to December 15, 2050, in whole or in part, at a discount rate of Treasury plus 30 basis points. Par Call at any time on or after December 15, 2050, in whole or in part, at 100% of the principal amount of the notes being redeemed plus accrued and unpaid interest to but excluding the date of redemption. | |
Benchmark Treasury: | 1.875% due February 15, 2051 |
Benchmark Treasury Price and Yield: | 93-09+; 2.183% | |
Spread over Benchmark Treasury: | +200 basis points | |
Yield to Maturity: | 4.183% | |
Day Count Convention: | 30/360 | |
Legal Format: | SEC Registered | |
CUSIP Number: | 91529Y AR7 | |
ISIN: | US91529YAR71 | |
Trade Date: | June 9, 2021 | |
Settlement Date**: | T+3; June 14, 2021 | |
Listing: | None | |
Joint Book-Running Managers: | BofA Securities, Inc. Goldman Sachs & Co. LLC J.P. Morgan Securities LLC Deutsche Bank Securities Inc. HSBC Securities (USA) Inc. | |
Co-Managers: | BNY Mellon Capital Markets, LLC Citigroup Global Markets Inc. Fifth Third Securities, Inc. Regions Securities LLC Truist Securities, Inc. U.S. Bancorp Investments, Inc. Wells Fargo Securities, LLC |
* | A security rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time by the assigning rating organization. Each rating should be evaluated independently of any other rating. |
** | Delivery of the notes is expected to be made against payment therefor on or about the Settlement Date specified in this term sheet, which will be the third business day following the date of this term sheet (this settlement cycle being referred to as “T+3”). Under Rule 15c6-1 of the Exchange Act, 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 on the Trade Date will be required, by virtue of the fact that the notes initially will settle in T+3, to specify an alternate settlement cycle at the time of any such trade to prevent a failed settlement. Purchasers of the notes who wish to make such trades should consult their own advisor. |
The Issuer has filed a registration statement (including a prospectus and related prospectus supplement) with the U.S. Securities and Exchange Commission for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement, the related prospectus supplement and other documents the Issuer has filed with the SEC for more complete information about the Issuer and this offering. You may obtain 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 this offering will arrange to send you the prospectus and the prospectus supplement for this offering if you request them by contacting BofA Securities, Inc. toll free at 1-800-294-1322, Goldman Sachs & Co. LLC toll free at 1-866-471-2526, J.P. Morgan Securities LLC collect at 1-212-834-4533.
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