Issuer Free Writing Prospectus
Filed Pursuant to Rule 433
Registration Statement No. 333-213110
Relating to the Preliminary Prospectus
Supplement dated June 8, 2017 to
the Prospectus dated August 12, 2016
MAXIM INTEGRATED PRODUCTS, INC.
$500,000,000 3.450% SENIOR NOTES DUE 2027
ISSUER: | Maxim Integrated Products, Inc. | |
TITLE OF SECURITIES: | 3.450% Senior Notes due 2027 | |
RATINGS*: | Baa1 by Moody’s Investors Service, Inc. and BBB+ by Standard & Poor’s Rating Services | |
TRADE DATE: | June 8, 2017 | |
SETTLEMENT DATE (T+5): | June 15, 2017 | |
MATURITY DATE: | June 15, 2027 | |
AGGREGATE PRINCIPAL AMOUNT OFFERED: | $500,000,000 | |
PRICE TO PUBLIC (ISSUE PRICE): | 99.924% | |
BENCHMARK: | UST 2.375% due May 15, 2027 | |
BENCHMARK TREASURY PRICE AND YIELD: | 101-15; 2.209% | |
YIELD TO MATURITY: | 3.459% | |
SPREAD TO TREASURY: | +125 basis points | |
INTEREST RATE: | 3.450% per annum | |
INTEREST PAYMENT DATES: | Semi-annually on each June 15 and December 15; commencing on December 15, 2017 | |
DENOMINATIONS: | $2,000 by $1,000 | |
OPTIONAL REDEMPTION: | Make-whole call at any time prior to March 15, 2027 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. Par call on or after March 15, 2027. |
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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. | |
SOLE BOOKRUNNING MANAGER: | Merrill Lynch, Pierce, Fenner & Smith Incorporated | |
BOOKRUNNERS: | Credit Suisse Securities (USA) LLC; Goldman Sachs & Co. LLC; MUFG Securities Americas Inc.; Wells Fargo Securities, LLC | |
SENIOR CO-MANAGERS: | Barclays Capital Inc.; SunTrust Robinson Humphrey, Inc. | |
CO-MANAGERS: | HSBC Securities (USA) Inc.; Morgan Stanley & Co. LLC; SMBC Nikko Securities America, Inc. | |
CUSIP: | 57772K AD3 | |
ISIN: | US57772KAD37 |
*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, THE PROSPECTUS RELATING TO THE OFFERING MAY BE OBTAINED BY CALLING MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED AT 800-294-1322.
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.
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