Obbligazione Howmet Aerospatial 6.75% ( US013817AS04 ) in USD

Emittente Howmet Aerospatial
Prezzo di mercato 100 USD  ⇌ 
Paese  Stati Uniti
Codice isin  US013817AS04 ( in USD )
Tasso d'interesse 6.75% per anno ( pagato 2 volte l'anno)
Scadenza 15/07/2018 - Obbligazione č scaduto



Prospetto opuscolo dell'obbligazione Howmet Aerospace US013817AS04 in USD 6.75%, scaduta


Importo minimo 1 000 USD
Importo totale 750 000 000 USD
Cusip 013817AS0
Standard & Poor's ( S&P ) rating BBB- ( Lower medium grade - Investment-grade )
Moody's rating Ba2 ( Non-investment grade speculative )
Descrizione dettagliata Howmet Aerospace č una societā leader a livello globale nella produzione di componenti e sistemi aerospaziali e industriali, specializzata in leghe leggere e tecnologie di fabbricazione avanzate.

The Obbligazione issued by Howmet Aerospatial ( United States ) , in USD, with the ISIN code US013817AS04, pays a coupon of 6.75% per year.
The coupons are paid 2 times per year and the Obbligazione maturity is 15/07/2018

The Obbligazione issued by Howmet Aerospatial ( United States ) , in USD, with the ISIN code US013817AS04, was rated Ba2 ( Non-investment grade speculative ) by Moody's credit rating agency.

The Obbligazione issued by Howmet Aerospatial ( United States ) , in USD, with the ISIN code US013817AS04, was rated BBB- ( Lower medium grade - Investment-grade ) by Standard & Poor's ( S&P ) credit rating agency.







Final Prospectus Supplement
424B5 1 d424b5.htm FINAL PROSPECTUS SUPPLEMENT
Table of Contents
Filed Pursuant to Rule 424(b)(5)
Registration No. 333-149623
CALCULATION OF REGISTRATION FEE

Maximum
Amount of
Title of Each Class of
Offering
Maximum
Registration
Securities to be
Amount to be
Price
Aggregate
Fee
Registered

Registered

Per Unit
Offering Price
(1) (2)
6.00% Notes Due 2013
$ 750,000,000
100%
$ 750,000,000
$29,475
6.75% Notes Due 2018
$ 750,000,000
100%
$ 750,000,000
$29,475
Total:
$1,500,000,000
100%
$1,500,000,000
$58,950
(1) Calculated in accordance with Rule 457(r) under the Securities Act of 1933, as amended (the "Securities
Act").
(2) Pursuant to Rule 457(p) under the Securities Act, the registration fee of $138,000 that has already been paid
and remains unused with respect to $1,600,000,000 aggregate initial offering price of securities that were
registered on the registrant's Form S-3 (Registration No. 333-74874), filed on December 10, 2001, and were
not sold thereunder, is applied to completely offset the registration fee for this offering. Accordingly, no
filing fee is being paid at this time.
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Prospectus Supplement
(To Prospectus dated March 10, 2008)



Alcoa Inc.

$750,000,000 6.00% Notes due 2013

$750,000,000 6.75% Notes due 2018
The 2013 notes will mature on July 15, 2013, and the 2018 notes will mature on July 15, 2018. We refer
collectively to the 2013 notes and the 2018 notes as the "notes." Interest on the notes will accrue from July 15,
2008. Interest on the notes is payable on January 15 and July 15 of each year, commencing January 15, 2009.
Neither the Securities and Exchange Commission nor any state securities commission has approved or
disapproved of these securities or determined if this prospectus supplement or the accompanying prospectus is
truthful or complete. Any representation to the contrary is a criminal offense.

Price to
Underwriting
Proceeds to
Public(1)
Discounts
Alcoa




Per 2013 note

99.685%
0.35%
99.335%
Total

$747,637,500
$2,625,000
$745,012,500
Per 2018 note

99.684%
0.45%
99.234%
Total

$747,630,000
$3,375,000
$744,255,000
(1) Plus accrued interest from July 15, 2008, if settlement occurs after that date.
The notes will not be listed on any securities exchange. Currently, there is no public market for the notes.
The notes will be ready for delivery in book-entry form only through The Depository Trust Company and its
participants including Clearstream and the Euroclear system, on or about July 15, 2008.


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Final Prospectus Supplement
Joint Book-Running Managers
Banc of America Securities LLC Barclays Capital
Citi
Lehman Brothers





Lead Co-Manager

Mitsubishi UFJ Securities


Co-Managers
BNP PARIBAS

Deutsche Bank Securities

ANZ Securities

BBVA Securities
BMO Capital Markets

BNY Mellon Capital Markets, LLC

Goldman, Sachs & Co.
Morgan Stanley

RBS Greenwich Capital

UBS Investment Bank


Managers
Banca IMI

Daiwa Securities America Inc.
JPMorgan
July 10, 2008
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Final Prospectus Supplement
Table of Contents
TABLE OF CONTENTS

Prospectus Supplement

Page


Where You Can Find More Information

S-1
Forward-Looking Statements

S-2
Alcoa Inc.

S-3
Ratio of Earnings to Fixed Charges

S-4
Use of Proceeds

S-4
Description of the Notes

S-5
United States Federal Tax Considerations
S-15
Underwriting
S-19
Legal Matters
S-21
Experts
S-21

Prospectus

Page


About this Prospectus

3
Where You Can Find More Information

3
Alcoa Inc.

5
Alcoa Trust I

5
Risk Factors

6
Forward-Looking Statements

6
Ratio of Earnings to Fixed Charges

7
Use of Proceeds

7
Description of Senior Debt Securities

8
Description of Subordinated Debt Securities

22
Description of Preferred Stock

30
Description of Common Stock

34
Description of Warrants

37
Description of Stock Purchase Contracts and Stock Purchase Units

39
Description of Trust Preferred Securities and Trust Guarantee

40
Plan of Distribution

44
Legal Matters

46
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Final Prospectus Supplement
Experts

46


You should rely only on the information contained in or incorporated by reference in this prospectus
supplement and the accompanying prospectus. We have not authorized anyone to provide you with
different information. We are not making an offer to sell the notes in any jurisdiction where the offer or
sale is not permitted. You should not assume that the information contained in this prospectus supplement,
the accompanying prospectus or the documents incorporated by reference is accurate as of any date other
than their respective dates. Our business, financial condition, results of operations and prospects may have
changed since those dates.
Offers and sales of the notes are subject to restrictions which are discussed in "Underwriting" below. The
distribution of this prospectus supplement and the accompanying prospectus and the offering of the notes in
certain other jurisdictions may also be restricted by law.
In this prospectus supplement and the accompanying prospectus, references to "Alcoa," "the company," "we,"
"us" and "our" are to Alcoa Inc. and its consolidated subsidiaries, and references to "dollars" and "$" are to
United States dollars, unless otherwise noted.
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Final Prospectus Supplement
Table of Contents
WHERE YOU CAN FIND MORE INFORMATION
We file annual, quarterly and current reports, proxy statements and other information with the Securities and
Exchange Commission (the "SEC"). Our SEC filings are available to the public from the SEC's web site at http://
www.sec.gov. You may also read and copy any document we file with the SEC at the SEC's public reference
room in Washington, D.C. located at 100 F Street, N.E., Washington, D.C. 20549. Please call the SEC at 1-800-
SEC-0330 for further information on the public reference room. Our common stock is listed and traded on the
New York Stock Exchange (the "NYSE"). You may also inspect the information we file with the SEC at the
NYSE's offices at 20 Broad Street, New York, New York 10005. Information about us is also available at our
Internet site at http://www.alcoa.com. However, the information on our Internet site is not a part of this
prospectus supplement or the accompanying prospectus.
The SEC allows us to "incorporate by reference" in this prospectus supplement and the accompanying prospectus
the information in the documents that we file with it, which means that we can disclose important information to
you by referring you to those documents. The information incorporated by reference is considered to be a part of
this prospectus supplement and the accompanying prospectus, and information in documents that we file later
with the SEC will automatically update and supersede information contained in documents filed earlier with the
SEC or contained in this prospectus supplement and the accompanying prospectus. We incorporate by reference
in this prospectus supplement and the accompanying prospectus the documents listed below and any future
filings that we may make with the SEC under Sections 13(a), 13(c), 14, or 15(d) of the Securities Exchange Act
of 1934, as amended, until we sell all of the securities that may be offered by this prospectus supplement:


· Annual Report on Form 10-K for the year ended December 31, 2007;


· Quarterly Report on Form 10-Q for the quarter ended March 31, 2008; and

· Current Reports on Form 8-K filed January 18, 2008, January 28, 2008, March 3, 2008, May 13, 2008 and

June 11, 2008.
We are not incorporating, in any case, any documents or information deemed to have been furnished and not filed
in accordance with SEC rules.
You may obtain a copy of any or all of the documents referred to above which have been or will be incorporated
by reference into this prospectus supplement and the accompanying prospectus (including exhibits specifically
incorporated by reference in those documents), as well as a copy of the registration statement of which the
accompanying prospectus is a part and its exhibits, at no cost to you by writing or telephoning us at the following
address:

Alcoa Inc.
390 Park Avenue
New York, New York 10022-4608
Attention: Investor Relations
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Final Prospectus Supplement
Telephone: (212) 836-2674

S-1
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Final Prospectus Supplement
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FORWARD-LOOKING STATEMENTS
This prospectus supplement and the accompanying prospectus contain or incorporate by reference "forward-
looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. These statements can be identified by the use of predictive, future-tense or
forward-looking terminology, such as "anticipates," "believes," "estimates," "expects," "forecasts," "intends,"
"may," "projects," "should," "will" or other similar words. All statements that reflect Alcoa's expectations,
assumptions or projections about the future other than statements of historical fact are forward-looking
statements, including, without limitation, forecasts concerning aluminum industry growth or other trend
projections, anticipated financial results or operating performance, and statements regarding Alcoa's strategies,
objectives, goals, targets, outlook, and business and financial prospects. Forward-looking statements are subject
to risks, contingencies and uncertainties and are not guarantees of future performance. Actual results,
performance or outcomes may differ materially from those expressed in or implied by those forward-looking
statements. Alcoa disclaims any intention or obligation (other than as required by law) to update or revise any
forward-looking statements.
The following are some of the important factors that could cause Alcoa's actual results to differ materially from
those projected in any forward-looking statements:

· Changes in economic conditions generally, especially an economic downturn in the key markets served by

Alcoa;


· Changes in the global supply and demand conditions for aluminum, alumina and aluminum products;


· Fluctuations in commodity prices, especially the price of aluminum on the London Metal Exchange;

· Availability of power for Alcoa's operations and changes in energy prices, especially electricity and

natural gas;


· Changes in raw materials costs and availability;

· Political, economic and regulatory risks in the countries in which Alcoa operates or sells products,

including fluctuations in foreign currency exchange rates and interest rates;


· Changes in laws and regulations, particularly those affecting environmental, health or safety compliance;


· Outcomes of significant legal proceedings or investigations;

· Factors affecting Alcoa's operations such as equipment outages, labor disputes, supply disruptions or other

unexpected events;


· Changes in relationships with, or in the financial or business condition of, customers and suppliers; and
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· Changes in competitive conditions, including actions by competitors and developments in technology and

products.
The above list of factors is not exhaustive or necessarily in order of importance. Additional information
concerning factors that could cause actual results to differ materially from those in forward-looking statements
include those discussed in Part I, Item 1A of our Annual Report on Form 10-K for the year ended December 31,
2007, and in our other periodic reports referred to in "Where You Can Find More Information" above.

S-2
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Final Prospectus Supplement
Table of Contents
ALCOA INC.
Formed in 1888, Alcoa is a Pennsylvania corporation with its principal office at 390 Park Avenue, New York,
New York 10022-4608 (telephone number (212) 836-2600).
Alcoa is the world leader in the production and management of primary aluminum, fabricated aluminum, and
alumina combined, through its active and growing participation in all major aspects of the industry: technology,
mining, refining, smelting, fabricating, and recycling. Aluminum is a commodity that is traded on the London
Metal Exchange (LME) and priced daily based on market supply and demand. Aluminum and alumina represent
approximately three-fourths of Alcoa's revenues, and the price of aluminum influences the operating results of
Alcoa. Nonaluminum products include precision castings, industrial fasteners, and electrical distribution systems
for cars and trucks. Alcoa's products are used worldwide in aircraft, automobiles, commercial transportation,
packaging, consumer products, building and construction, and industrial applications.
Recent Developments
On July 8, 2008, we announced our financial results for the second quarter and six months ended June 30, 2008.
The following table sets forth selected unaudited financial data for the indicated periods.

Quarter Ended
Six Months
June 30,
Ended June 30,
2008
2008



($ in millions)

(unaudited)
(unaudited)
Income Statement:




Sales

$
7,620
$
14,995
Income from continuing operations before taxes on income

847

1,422
Income from continuing operations


546

849
Net income


546

849
Restructuring and other charges


2

40
Balance Sheet (period end):




Cash and cash equivalents

$
815

815
Total assets


40,726

40,726
Total debt


8,637

8,637
Total shareholders' equity


16,702

16,702

S-3
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Document Outline