Issuer Free Writing Prospectus
Filed pursuant to Rule 433(d)
Registration No. 333-162070
October 29, 2010
Filed pursuant to Rule 433(d)
Registration No. 333-162070
October 29, 2010
Arrow Electronics, Inc.
Pricing Term Sheet
October 29, 2010
October 29, 2010
3.375% Notes due 2015
5.125% Notes due 2021
5.125% Notes due 2021
Issuer: | Arrow Electronics, Inc. | |||
Trade Date: | October 29, 2010 | |||
Settlement Date: | November 3, 2010 (T+3) | |||
Ratings: | Moody’s: Baa3 (stable) / S&P: BBB- (stable) | |||
2015 Notes | 2021 Notes | |||
Title: | 3.375% Notes due 2015 | 5.125% Notes due 2021 | ||
Principal Amount: | $250,000,000 | $250,000,000 | ||
Maturity: | November 1, 2015 | March 1, 2021 | ||
Coupon: | 3.375% per annum, accruing from November 3, 2010 | 5.125% per annum, accruing from November 3, 2010 | ||
Price to Public: | 99.650% | 99.674% | ||
Yield to Maturity: | 3.452% | 5.167% | ||
Spread to Benchmark Treasury: | T + 230 bps | T + 255 bps | ||
Benchmark Treasury: | 1.250% due September 30, 2015 | 2.625% due August 15, 2020 | ||
Benchmark Treasury Spot and Yield: | 100-15; 1.152% | 100-02; 2.617% | ||
Interest Payment Dates: | May 1 and November 1, commencing May 1, 2011 | March 1 and September 1, commencing March 1, 2011 | ||
Make-Whole Call: | Treasury Rate plus 35 basis points | Treasury Rate plus 40 basis points | ||
Denominations: | $2,000 and higher multiples of $1,000 | $2,000 and higher multiples of $1,000 | ||
CUSIP/ISIN: | 04273W AA9 / US04273WAA99 | 04273W AB7 / US04273WAB72 | ||
Joint Book-Running Managers: | Banc of America Securities LLC | |||
J.P. Morgan Securities LLC | ||||
Morgan Stanley & Co. Incorporated | ||||
Senior Co-Managers: | Credit Suisse Securities (USA) LLC | |||
Wells Fargo Securities, LLC | ||||
Co-Managers: | HSBC Securities (USA) Inc. | |||
Santander Investment Securities Inc. | ||||
Scotia Capital (USA) Inc. | ||||
Standard Chartered Bank |
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.
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