Filed Pursuant to Rule 433
Registration No. 333-140970
Registration No. 333-140970
Term Sheet
March 9, 2007
March 9, 2007
MASCO CORPORATION
$300,000,000 5.85% NOTES DUE 2017
$300,000,000 5.85% NOTES DUE 2017
ISSUER: | Masco Corporation | ||||
TITLE OF SECURITIES: | 5.85% Notes due 2017 | ||||
RATINGS: | Baa1 by Moody’s Investors Service, Inc and BBB+ by Standard & Poor’s Rating Services | ||||
TRADE DATE: | March 9, 2007 | ||||
SETTLEMENT DATE (T+3): | March 14, 2007 | ||||
MATURITY DATE: | March 15, 2017 | ||||
AGGREGATE PRINCIPAL AMOUNT OFFERED: | $300,000,000 | ||||
PRICE TO PUBLIC (ISSUE PRICE): | 99.648% | ||||
PROCEEDS TO MASCO (BEFORE EXPENSES): | $296,994,000 | ||||
BENCHMARK: | UST 4.625% due February 15, 2017 | ||||
BENCHMARK TREASURY YIELD: | 4.587% | ||||
SPREAD TO TREASURY: | 131 basis points | ||||
INTEREST RATE: | 5.850% per annum | ||||
INTEREST PAYMENT DATES: | Semi-annually on each March 15 and September 15; commencing on September 15,2007 | ||||
DENOMINATIONS: | $1,000 by $1,000 | ||||
OPTIONAL REDEMPTION: | Make-whole call at any time at the greater of 100% of the principal amount of the notes being redeemed or discounted present value at the treasury rate plus 20 basis points | ||||
CHANGE OF CONTROL: | Upon the occurrence of a Change of Control Triggering Event, we will be required to make an offer to purchase the notes at a price equal to 101% of their principal amount plus accrued and unpaid interest to the date of repurchase. | ||||
JOINT BOOKRUNNERS: | Merrill Lynch, Pierce, Fenner & Smith Incorporated, Citigroup Global Markets Inc. and J.P. Morgan Securities Inc. | ||||
CO-MANAGERS: | Daiwa Securities America Inc., KeyBanc Capital Markets, a division of McDonald Investments, Inc., Lazard Capital Markets LLC | ||||
CUSIP: | 574599BF2 | ||||
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, THE ISSUER, ANY UNDERWRITER OR ANY DEALER PARTICIPATING IN THE OFFERING WILL ARRANGE TO SEND YOU THE PROSPECTUS IF YOU REQUEST IT BY CALLING MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED TOLL-FREE AT 1-866-500-5408, CITIGROUP GLOBAL MARKETS INC. TOLL-FREE AT 1-877- 858-5407 OR J.P. MORGAN SECURITIES INC. AT 1-212-834-4533.
ANY DISCLAIMERS OR OTHER NOTICES THAT MAY APPEAR BELOW ARE NOT APPLICABLE TO THIS COMMUNICATION AND SHOULD BE DISREGARDED. SUCH DISCLAIMERS OR OTHER NOTICES WERE AUTOMATICALLY GENERATED AS A RESULT OF THIS COMMUNICATION BEING SENT VIA BLOOMBERG OR ANOTHER EMAIL SYSTEM.