Obbligazione 3M+ 1.625% ( US88579YAU55 ) in USD

3M+

100 USD ⇌

Stati Uniti

US88579YAU55 ( in USD )

1.625% per anno ( pagato 2 volte l'anno)

18/09/2021 - Obbligazione è scaduto

Prospetto opuscolo dell'obbligazione 3M US88579YAU55 in USD 1.625%, scaduta

1 000 USD

600 000 000 USD

88579YAU5

A+ ( Upper medium grade - Investment-grade )

A1 ( Upper medium grade - Investment-grade )

3M è un'azienda multinazionale americana che opera in diversi settori, tra cui cura della salute, sicurezza, elettronica e industria, producendo una vasta gamma di prodotti innovativi.

Un'analisi approfondita dell'obbligazione con codice ISIN US88579YAU55 (e codice CUSIP 88579YAU5) rivela le caratteristiche di uno strumento di debito emesso dalla 3M Company, un conglomerato multinazionale americano rinomato per la sua innovazione e la produzione di una vasta gamma di prodotti che spaziano dall'adesivo Post-it ai materiali abrasivi e soluzioni mediche, distinguendosi per una solida posizione finanziaria e una consolidata presenza globale come emittente di rilievo nel mercato obbligazionario. Emessa negli Stati Uniti, questa obbligazione denominata in Dollari Americani (USD) presentava un tasso di interesse fisso (cedola) pari all'1,625% annuo, con pagamenti effettuati due volte all'anno (frequenza semestrale) agli investitori; l'emissione complessiva aveva un ammontare pari a 600.000.000 USD, con un lotto minimo di sottoscrizione fissato a 1.000 USD. La solidità finanziaria dell'emittente era attestata da un rating di A+ da parte di Standard & Poor's (S&P) e A1 da Moody's, entrambi giudizi che rientrano nella categoria "investment grade", indicando un elevato grado di affidabilità creditizia. L'obbligazione, che al momento del rimborso aveva un prezzo di mercato nominale del 100%, è giunta a scadenza il 18 settembre 2021 ed è stata regolarmente rimborsata, concludendo così il suo ciclo di vita finanziario e non essendo pertanto più oggetto di negoziazione sul mercato secondario.

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FWP 1 a16-18556_1fwp.htm FWP
Filed Pursuant to Rule 433
Dated September 14, 2016
Registration Statement No. 333-196003
3M Company
Medium-Term Notes, Series F
$600,000,000 1.625% Notes due 2021
$650,000,000 2.250% Notes due 2026
$500,000,000 3.125% Notes due 2046
Summary of Terms
1.625% Notes due 2021
Issuer:
3M Company
Expected Ratings*:
A1 (Stable) / AA- (Stable) (Moody's / S&P)
Security Description:
SEC-Registered 5-year Fixed Rate Notes
Principal Amount:
$600,000,000
Trade Date:
September 14, 2016
Settlement Date:
September 19, 2016 (T+3)
Maturity Date:
September 19, 2021
Coupon:
1.625% per annum
Interest Payment Dates:
Payable semi-annually on the 19th day of March and
September, beginning March 19, 2017
Regular Record Date:
The 15th calendar day immediately preceding the applicable
Interest Payment Date
Day Count Convention:
30/360
Benchmark Treasury:
1.125% due August 31, 2021
Benchmark Treasury Price & Yield:
99 19+; 1.206%
Re-offer Spread to Benchmark:
T + 43 bps
Re-offer Yield:
1.636%
Price to Public:
99.947%
Gross Proceeds:
$599,682,000
Use of Proceeds:
The Company intends to use the net proceeds from the sale of
the notes for general corporate purposes, which may include
repayment of outstanding indebtedness including the
Company's $1,000,000,000 in aggregate principal amount of
its 1.375% notes due September 29, 2016.
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CUSIP / ISIN:
88579Y AU5 / US88579YAU55
Minimum Denominations:
$2,000 by $1,000
Redemption:
Yes, Optional Make-Whole Redemption and Redemption at
Par Prior to Maturity as provided in Annex 1 hereto
Joint Book-Running Managers:
Citigroup Global Markets Inc.
Goldman, Sachs & Co.
Merrill Lynch, Pierce, Fenner & Smith
Incorporated
Morgan Stanley & Co. LLC
Co-Managers:
Blaylock Beal Van, LLC
Guzman & Company
Mischler Financial Group, Inc.
Lebenthal & Co., LLC
* A security rating is not a recommendation to buy, sell or hold securities and should be evaluated independently of any
other rating. The rating is subject to revision or withdrawal at any time.
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Annex 1
for
1.625% Notes due 2021
Prior to August 19, 2021 (one month prior to the maturity date of the 1.625% Notes due 2021), the 1.625% Notes due
2021 will be redeemable at any time, in whole or from time to time in part, at our option at a redemption price equal to the
greater of
·
100% of the principal amount of the 1.625% Notes due 2021 to be redeemed, and
·
as determined by the quotation agent (as defined below), the sum of the present values of the remaining
scheduled payments of principal of and interest on the 1.625% Notes due 2021 to be redeemed (not including
any interest accrued to the redemption date) discounted to the redemption date on a semi-annual basis
assuming a 360-day year consisting of twelve 30-day months at the treasury rate (defined below) plus 7.5
basis points
plus, in either case, accrued and unpaid interest on the 1.625% Notes due 2021 to the redemption date.
In addition, at any time on or after August 19, 2021 (one month prior to the maturity date of such 1.625% Notes due
2021), the 1.625% Notes due 2021 will be redeemable, in whole but not in part at our option, at a redemption price equal to
100% of the principal amount of the 1.625% Notes due 2021 plus accrued interest thereon to the date of redemption.
"Treasury rate" means, with respect to any redemption date, the annual rate equal to the semi-annual equivalent
yield to maturity of the comparable treasury issue, assuming a price of the comparable treasury issue (expressed as a
percentage of its principal amount) equal to the comparable treasury price for that redemption date.
"Comparable treasury issue" means the United States Treasury security selected by the quotation agent as having a
maturity comparable to the remaining term of the 1.625% Notes due 2021 to be redeemed that would be utilized, at the time of
a selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities of
comparable maturity to the remaining term of the 1.625% Notes due 2021.
"Comparable treasury price" means, with respect to any redemption date, (i) the average of at least three reference
treasury dealer quotations for that redemption date, after excluding the highest and lowest of five or more reference treasury
dealer quotations, or (ii) if the Trustee obtains fewer than five reference dealer quotations, the average of all reference treasury
dealer quotations so obtained.
"Quotation agent" means the reference treasury dealer appointed by the Issuer.
"Reference treasury dealer" means (i) each of Citigroup Global Markets Inc., Goldman, Sachs & Co., Merrill
Lynch, Pierce, Fenner & Smith Incorporated and Morgan Stanley & Co. LLC and their respective successors; however, if any
of the foregoing shall cease to be a primary
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U.S. Government securities dealer in New York City (a "primary treasury dealer"), the Issuer will substitute another primary
treasury dealer; and (ii) any other primary treasury dealer(s) selected by the Issuer.
"Reference treasury dealer quotations" means, with respect to each reference treasury dealer and any redemption
date, the average, as determined by the Issuer, of the bid and asked prices for the comparable treasury issue (expressed in each
case as a percentage of its principal amount) quoted in writing to the Trustee by the reference treasury dealer at 5:00 p.m., New
York City time, on the third business day preceding the redemption date.
In the case of a partial redemption, selection of the 1.625% Notes due 2021 for redemption will be made pro rata, if
commercially practicable in accordance with the procedures of DTC or the relevant depositary, and if not, then by lot or such
other method as required in accordance with the procedures of DTC or the relevant depositary. 1.625% Notes due 2021 will be
redeemed in denominations of $2,000 and integral multiples of $1,000 in excess thereof. Notice of any redemption will be
mailed by first class mail at least 30 days but not more than 60 days before the redemption date to each holder of the 1.625%
Notes due 2021 to be redeemed at its registered address. If any 1.625% Notes due 2021 are to be redeemed in part only, the
notice of redemption that relates to the 1.625% Notes due 2021 will state the portion of the 1.625% Notes due 2021 to be
redeemed. New 1.625% Notes due 2021 in principal amounts of at least $2,000 equal to the unredeemed portion of the
1.625% Notes due 2021 will be issued in the name of the holder of the 1.625% Notes due 2021 upon surrender for cancellation
of the original 1.625% Notes due 2021. Unless the Issuer defaults in payment of the redemption price, on and after the
redemption date, interest will cease to accrue on the 1.625% Notes due 2021 or the portions of the 1.625% Notes due 2021
called for redemption.
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2.250% Notes due 2026
Issuer:
3M Company
Expected Ratings*:
A1 (Stable) / AA- (Stable) (Moody's / S&P)
Security Description:
SEC-Registered 10-year Fixed Rate Notes
Principal Amount:
$650,000,000
Trade Date:
September 14, 2016
Settlement Date:
September 19, 2016 (T+3)
Maturity Date:
September 19, 2026
Coupon:
2.250% per annum
Interest Payment Dates:
Payable semi-annually on the 19th day of March and
September, beginning March 19, 2017
Regular Record Date:
The 15th calendar day immediately preceding the applicable
Interest Payment Date
Day Count Convention:
30/360
Benchmark Treasury:
1.500% due August 15, 2026
Benchmark Treasury Price & Yield:
98 08; 1.692%
Re-offer Spread to Benchmark:
T + 68 bps
Re-offer Yield:
2.372%
Price to Public:
98.920%
Gross Proceeds:
$642,980,000
Use of Proceeds:
The Company intends to use the net proceeds from the sale of
the notes for general corporate purposes, which may include
repayment of outstanding indebtedness including the
Company's $1,000,000,000 in aggregate principal amount of
its 1.375% notes due September 29, 2016.
CUSIP / ISIN:
88579Y AV3 / US88579YAV39
Minimum Denominations:
$2,000 by $1,000
Redemption:
Yes, Optional Make-Whole Redemption and Redemption at
Par Prior to Maturity as provided in Annex 2 hereto
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Joint Book-Running Managers:
Citigroup Global Markets Inc.
Goldman, Sachs & Co.
Merrill Lynch, Pierce, Fenner & Smith
Incorporated
Morgan Stanley & Co. LLC
Co-Managers:
Blaylock Beal Van, LLC
Guzman & Company
Mischler Financial Group, Inc.
Lebenthal & Co., LLC
* A security rating is not a recommendation to buy, sell or hold securities and should be evaluated independently of any
other rating. The rating is subject to revision or withdrawal at any time.
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Annex 2
for
2.250% Notes due
2026
Prior to June 19, 2026 (three months prior to the maturity date of the 2.250% Notes due 2026), the 2.250% Notes due
2026 will be redeemable at any time, in whole or from time to time in part, at our option at a redemption price equal to the
greater of
·
100% of the principal amount of the 2.250% Notes due 2026 to be redeemed, and
·
as determined by the quotation agent (as defined below), the sum of the present values of the remaining
scheduled payments of principal of and interest on the 2.250% Notes due 2026 to be redeemed (not including
any interest accrued to the redemption date) discounted to the redemption date on a semi-annual basis
assuming a 360-day year consisting of twelve 30-day months at the treasury rate (defined below) plus 10
basis points
plus, in either case, accrued and unpaid interest on the 2.250% Notes due 2026 to the redemption date.
In addition, at any time on or after June 19, 2026 (three months prior to the maturity date of such 2.250% Notes due
2026), the 2.250% Notes due 2026 will be redeemable, in whole but not in part at our option, at a redemption price equal to
100% of the principal amount of the 2.250% Notes due 2026 plus accrued interest thereon to the date of redemption.
"Treasury rate" means, with respect to any redemption date, the annual rate equal to the semi-annual equivalent
yield to maturity of the comparable treasury issue, assuming a price of the comparable treasury issue (expressed as a
percentage of its principal amount) equal to the comparable treasury price for that redemption date.
"Comparable treasury issue" means the United States Treasury security selected by the quotation agent as having a
maturity comparable to the remaining term of the 2.250% Notes due 2026 to be redeemed that would be utilized, at the time of
a selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities of
comparable maturity to the remaining term of the 2.250% Notes due 2026.
"Comparable treasury price" means, with respect to any redemption date, (i) the average of at least three reference
treasury dealer quotations for that redemption date, after excluding the highest and lowest of five or more reference treasury
dealer quotations, or (ii) if the Trustee obtains fewer than five reference dealer quotations, the average of all reference treasury
dealer quotations so obtained.
"Quotation agent" means the reference treasury dealer appointed by the Issuer.
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"Reference treasury dealer" means (i) each of Citigroup Global Markets Inc., Goldman, Sachs & Co., Merrill
Lynch, Pierce, Fenner & Smith Incorporated and Morgan Stanley & Co. LLC and their respective successors; however, if any
of the foregoing shall cease to be a primary U.S. Government securities dealer in New York City (a "primary treasury
dealer"), the Issuer will substitute another primary treasury dealer; and (ii) any other primary treasury dealer(s) selected by the
Issuer.
"Reference treasury dealer quotations" means, with respect to each reference treasury dealer and any redemption
date, the average, as determined by the Issuer, of the bid and asked prices for the comparable treasury issue (expressed in each
case as a percentage of its principal amount) quoted in writing to the Trustee by the reference treasury dealer at 5:00 p.m., New
York City time, on the third business day preceding the redemption date.
In the case of a partial redemption, selection of the 2.250% Notes due 2026 for redemption will be made pro rata, if
commercially practicable in accordance with the procedures of DTC or the relevant depositary, and if not, then by lot or such
other method as required in accordance with the procedures of DTC or the relevant depositary. 2.250% Notes due 2026 will be
redeemed in denominations of $2,000 and integral multiples of $1,000 in excess thereof. Notice of any redemption will be
mailed by first class mail at least 30 days but not more than 60 days before the redemption date to each holder of the 2.250%
Notes due 2026 to be redeemed at its registered address. If any 2.250% Notes due 2026 are to be redeemed in part only, the
notice of redemption that relates to the 2.250% Notes due 2026 will state the portion of the 2.250% Notes due 2026 to be
redeemed. New 2.250% Notes due 2026 in principal amounts of at least $2,000 equal to the unredeemed portion of the
2.250% Notes due 2026 will be issued in the name of the holder of the 2.250% Notes due 2026 upon surrender for cancellation
of the original 2.250% Notes due 2026. Unless the Issuer defaults in payment of the redemption price, on and after the
redemption date, interest will cease to accrue on the 2.250% Notes due 2026 or the portions of the 2.250% Notes due 2026
called for redemption.
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3.125% Notes due 2046
Issuer:
3M Company
Expected Ratings*:
A1 (Stable) / AA- (Stable) (Moody's / S&P)
Security Description:
SEC-Registered 30-year Fixed Rate Notes
Principal Amount:
$500,000,000
Trade Date:
September 14, 2016
Settlement Date:
September 19, 2016 (T+3)
Maturity Date:
September 19, 2046
Coupon:
3.125% per annum
Interest Payment Dates:
Payable semi-annually on the 19th day of March and
September, beginning March 19, 2017
Regular Record Date:
The 15th calendar day immediately preceding the applicable
Interest Payment Date
Day Count Convention:
30/360
Benchmark Treasury:
2.500% due May 15, 2046
Benchmark Treasury Price & Yield:
101 06; 2.443%
Re-offer Spread to Benchmark:
T + 93 bps
Re-offer Yield:
3.373%
Price to Public:
95.343%
Gross Proceeds:
$476,715,000
Use of Proceeds:
The Company intends to use the net proceeds from the sale of
the notes for general corporate purposes, which may include
repayment of outstanding indebtedness including the
Company's $1,000,000,000 in aggregate principal amount of
its 1.375% notes due September 29, 2016.
CUSIP / ISIN:
88579Y AW1 / US88579YAW12
Minimum Denominations:
$2,000 by $1,000
Redemption:
Yes, Optional Make-Whole Redemption and Redemption at
Par Prior to Maturity as provided in Annex 3 hereto
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Joint Book-Running Managers:
Citigroup Global Markets Inc.
Goldman, Sachs & Co.
Merrill Lynch, Pierce, Fenner & Smith
Incorporated
Morgan Stanley & Co. LLC
Co-Managers:
Blaylock Beal Van, LLC
Guzman & Company
Mischler Financial Group, Inc.
Lebenthal & Co., LLC
* A security rating is not a recommendation to buy, sell or hold securities and should be evaluated independently of any
other rating. The rating is subject to revision or withdrawal at any time.
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