Obligation Hewlett-Packard Inc. 3.3% ( US428236BU69 ) en USD

Hewlett-Packard Inc.

100 % ⇌

Etas-Unis

US428236BU69 ( en USD )

3.3% par an ( paiement semestriel )

09/12/2016 - Obligation échue

Prospectus brochure de l'obligation HP Inc US428236BU69 en USD 3.3%, échue

2 000 USD

850 000 000 USD

428236BU6

BBB ( Qualité moyenne inférieure )

Baa2 ( Qualité moyenne inférieure )

HP Inc. est une entreprise technologique multinationale américaine qui conçoit, développe, fabrique, commercialise et vend des produits informatiques personnels, imprimantes, et des services associés.

L'obligation HP Inc. (ISIN : US428236BU69, CUSIP : 428236BU6), émise aux États-Unis pour un montant total de 850 000 000 USD, avec un coupon de 3,3% payable deux fois par an, d'une taille minimale d'achat de 2000 USD, arrivée à maturité le 09/12/2016 et remboursée à 100%, était notée BBB par Standard & Poor's et Baa2 par Moody's.

http://www.sec.gov/Archives/edgar/data/47217/000104746911009975/a...
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TABLE OF CONTENTS
Table of Contents
Filed Pursuant to Rule 424(b)(5)
Registration No. 333-159366
CALCULATION OF REGISTRATION FEE

Maximum
Maximum
Amount of
Title of each class of
Amount to
offering price
aggregate
registration
securities offered

be registered

per unit

offering price

fee(1)

2.625% Global Notes due
December
9,
2014
$650,000,000
99.946%
$649,649,000
$74,449.78

3.300% Global Notes due
December 9, 2016

$850,000,000

99.790%

$848,215,000

$97,205.44

4.650% Global Notes due
December 9, 2021

$1,500,000,000

99.707%

$1,495,605,000

$171,396.33

(1)
Calculated in accordance with Rule 457(r) under the Securities Act of 1933, as amended.
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Table of Contents
Prospectus Supplement
December 6, 2011
(To Prospectus dated May 20, 2009)
$3,000,000,000
$650,000,000 2.625% Global Notes due December 9, 2014
$850,000,000 3.300% Global Notes due December 9, 2016
$1,500,000,000 4.650% Global Notes due December 9, 2021
We are offering $650,000,000 of our 2.625% Global Notes due December 9, 2014, $850,000,000 of our 3.300% Global Notes
due December 9, 2016 and $1,500,000,000 of our 4.650% Global Notes due December 9, 2021. The 2.625% Global Notes will bear
interest at a rate of 2.625% per annum. The 3.300% Global Notes will bear interest at a rate of 3.300% per annum. The 4.650%
Global Notes will bear interest at a rate of 4.650% per annum. We will pay interest semi-annually on each of the 2.625% Global
Notes, the 3.300% Global Notes and the 4.650% Global Notes on each June 9 and December 9, beginning June 9, 2012. The 2.625%
Global Notes will mature on December 9, 2014. The 3.300% Global Notes will mature on December 9, 2016. The 4.650% Global
Notes will mature on December 9, 2021. We refer to the 2.625% Global Notes, the 3.300% Global Notes and the 4.650% Global
Notes collectively as the Global Notes.
We may redeem some or all of any series of Global Notes at any time at the redemption prices described under "Description of
the Global Notes--Optional Redemption of Global Notes." The Global Notes are senior unsecured obligations and will rank equally
with all of our other existing and future senior unsecured indebtedness. There are no sinking funds for the Global Notes. The Global
Notes are not and will not be listed on any securities exchange or quoted on any automated quotation system.
See "Risk Factors" beginning on page S-7 of this prospectus supplement for a discussion of certain risks that you should
consider in connection with an investment in the Global Notes.
Price to
Underwriting
Proceeds, Before

Public(1)

Discount
Expenses, to HP(1)
Per 2.625% Global Note

99.946%
0.20%
99.746%
2.625% Global Note Total
$ 649,649,000 $ 1,300,000 $
648,349,000
Per 3.300% Global Note

99.790%
0.35%
99.440%
3.300% Global Note Total
$ 848,215,000 $ 2,975,000 $
845,240,000
Per 4.650% Global Note

99.707%
0.45%
99.257%
4.650% Global Note Total
$1,495,605,000 $ 6,750,000 $ 1,488,855,000

Total
$2,993,469,000 $ 11,025,000 $ 2,982,444,000

(1)
Plus accrued interest, if any, from December 9, 2011 if settlement occurs after that date.
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 prospectus to which it relates is truthful or complete. Any
representation to the contrary is a criminal offense.
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Delivery of the Global Notes in book-entry form only will be made through The Depository Trust Company on or about
December 9, 2011. The Global Notes will be approved for clearance through the Clearstream and Euroclear systems.
Joint Book Running Managers
Goldman, Sachs & Co.

J.P. Morgan

Morgan Stanley
Co-Managers
BNP PARIBAS

BofA Merrill Lynch
Citigroup

Credit Suisse

Wells Fargo
HSBC
Mizuho Securities
RBS
Securities
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Table of Contents
TABLE OF CONTENTS
Prospectus Supplement

Page

Forward-Looking Statements
S-1

Summary
S-2

Risk Factors
S-7

Use of Proceeds
S-9

Capitalization
S-10

Description of the Global Notes
S-12

Material United States Federal Income Tax Considerations
S-18

Underwriting
S-22

Offering Restrictions
S-24

Validity of the Global Notes
S-26

Experts
S-26

Information Incorporated by Reference
S-26
Prospectus

Page

About This Prospectus
1

Forward-Looking Statements
1

Use of Proceeds
2

Description of the Debt Securities
2

Description of Common Stock
12

Description of Preferred Stock
13

Description of the Depositary Shares
14

Description of the Warrants
16

Plan of Distribution
18

Legal Matters
19

Experts
19

Where You Can Find More Information
19

Information Incorporated By Reference
20
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You should rely only on the information contained or incorporated by reference in this document or to which we have referred
you. We have not authorized anyone to provide you with information that is different. This document may be used only where it is
legal to sell these securities. The information contained or incorporated by reference in this document is accurate only as of the date
of this document or as of its date, as applicable.
In this prospectus supplement and the accompanying prospectus, unless otherwise specified or unless the context otherwise
requires, references to "USD," "dollars," "$" and "U.S.$" are to U.S. dollars, and references to "Hewlett-Packard," "HP," "we," "us"
or "our" refer to Hewlett-Packard Company, and not to any of our subsidiaries unless otherwise indicated.
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FORWARD-LOOKING STATEMENTS
This prospectus supplement, the accompanying prospectus, the documents incorporated by reference in this prospectus
supplement and the accompanying prospectus and other written reports and oral statements made from time to time by the company
may contain "forward-looking statements" that involve risks, uncertainties and assumptions. If the risks or uncertainties ever
materialize or the assumptions prove incorrect, our and our consolidated subsidiaries' results may differ materially from those
expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are
statements that could be deemed forward-looking statements, including but not limited to any projections of revenue, margins,
expenses, earnings, earnings per share, tax provisions, cash flows, benefit obligations, share repurchases, currency exchange rates,
the impact of acquisitions or other financial items; any statements of the plans, strategies and objectives of management for future
operations, including execution of restructuring and integration plans; any statements concerning the expected development,
performance or market share relating to products or services; any statements regarding current or future macroeconomic trends or
events and the impact of those trends and events on HP and its financial performance; any statements regarding pending investigations,
claims or disputes; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. Risks,
uncertainties and assumptions include the impact of macroeconomic and geopolitical trends and events; the competitive pressures
faced by HP's businesses; the development and transition of new products and services (and the enhancement of existing products and
services) to meet customer needs and respond to emerging technological trends; the execution and performance of contracts by HP
and its suppliers, customers and partners; the protection of HP's intellectual property assets, including intellectual property licensed
from third parties; integration and other risks associated with business combination and investment transactions; the hiring and
retention of key employees; assumptions related to pension and other post-retirement costs; expectations and assumptions relating to
the execution and timing of restructuring and integration plans; the resolution of pending investigations, claims and disputes; and other
risks that are described in our other filings with the Securities and Exchange Commission, including but not limited to the risks
described in our Annual Report on Form 10-K for our fiscal year ended October 31, 2010 and Quarterly Report on Form 10-Q for the
fiscal quarter ended July 31, 2011. We assume no obligation and do not intend to update these forward-looking statements.
S-1
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Table of Contents
SUMMARY
You should read the following summary together with the entire prospectus supplement and accompanying prospectus and the
documents incorporated by reference, including our consolidated condensed financial statements and related notes. You should
carefully consider, among other things, the matters discussed in "Risk Factors" in this prospectus supplement and in the documents
incorporated by reference.
About Hewlett-Packard Company
HP is a leading global provider of products, technologies, software, solutions and services to individual consumers, small- and
medium-sized businesses ("SMBs") and large enterprises, including customers in the government, health and education sectors. Our
offerings span:
·
personal computing and other access devices;
·
multi-vendor customer services, including infrastructure technology and business process outsourcing, technology
support and maintenance, application development and support services and consulting and integration services;
·
imaging and printing-related products and services; and
·
enterprise information technology infrastructure, including enterprise storage and server technology, networking
products and solutions, IT management software, information management solutions and security intelligence/risk
management solutions.
Our operations are organized into seven business segments: the Personal Systems Group ("PSG"), Services, the Imaging and
Printing Group ("IPG"), Enterprise Servers, Storage and Networking ("ESSN"), HP Software, HP Financial Services ("HPFS") and
Corporate Investments.
Personal Systems Group
PSG provides commercial personal computers ("PCs"), consumer PCs, workstations, calculators and other related accessories,
software and services for the commercial and consumer markets. We group commercial notebooks, commercial desktops and
workstations into commercial clients and consumer notebooks and consumer desktops into consumer clients when describing our
performance in these markets. Like the broader PC market, PSG continues to experience a shift toward mobile products such as
notebooks. Both commercial and consumer PCs are based predominately on the Windows operating system and use Intel Corporation
("Intel") and Advanced Micro Devices ("AMD") processors.
Commercial PCs. Commercial PCs are optimized for commercial uses, including enterprise and SMB customers, and for
connectivity and manageability in networked environments. Commercial PCs include the HP ProBook and the HP EliteBook lines of
notebooks and the Compaq Pro, Compaq Elite, HP Pro and HP Elite lines of business desktops, as well as the All in One TouchSmart
and Omni PCs, HP Mini-Note PCs, retail POS systems, HP Thin Clients and HP Slate Tablet PCs.
Consumer PCs. Consumer PCs include the HP and Compaq series of multi-media consumer notebooks, desktops and mini
notebooks, including the TouchSmart line of touch-enabled all-in-one notebooks and desktops.
Workstations. Workstations are individual computing products designed for users demanding enhanced performance, such as
computer animation, engineering design and other programs requiring high-resolution graphics. PSG provides workstations that run on
both Windows and Linux-based operating systems.
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Services
Services provides consulting, outsourcing and technology services across infrastructure, applications and business process
domains. Services delivers to its clients by leveraging investments in consulting and support professionals, infrastructure technology,
applications, standardized methodologies, and global supply and delivery. Our services businesses also create opportunities for us to
sell additional hardware by offering solutions that encompass both products and services. Services is divided into four main business
units: infrastructure technology outsourcing, technology services, applications services and business process outsourcing.
Infrastructure Technology Outsourcing. Infrastructure Technology Outsourcing delivers comprehensive services that
streamline and optimize our clients' infrastructure to efficiently enhance performance, reduce costs, mitigate risk and enable business
change. These services encompass the data center and the workplace (desktop); network and communications; and security,
compliance and business continuity. We also offer a set of managed services, providing a cross-section of our broader infrastructure
services for smaller discrete engagements.
Technology Services. Technology Services provides support and consulting services, as well as warranty support across HP's
product lines. HP specializes in keeping technology running with mission critical services, converged infrastructure services,
networking services, data center transformation services and infrastructure services for storage, server and unified communication
environments. HP's technology services offerings are available in the form of service contracts, pre-packaged offerings (HP Care
Pack services) or on an individual basis.
Application Services. Applications Services helps clients revitalize and manage their applications assets through flexible,
project-based, consulting services and longer-term outsourcing contracts. These full life cycle services encompass application
development, testing, modernization, system integration, maintenance and management. Applications projects open doors to new
infrastructure technology outsourcing and business process outsourcing opportunities and represent attractive cross-selling
opportunities to current HP clients.
Business Process Outsourcing. Business Process Outsourcing is powered by a platform of underlying infrastructure
technology, applications and standardized methodologies and is supplemented by IT experience and in-depth, industry-specific
knowledge. These services encompass both industry-specific and cross-industry solutions. Our cross-industry solutions include a
broad array of enterprise shared services, customer relationship management services, financial process management services and
administrative services.
Imaging and Printing Group
IPG provides consumer and commercial printer hardware, supplies, media and scanning devices. IPG is also focused on imaging
solutions in the commercial markets. These solutions range from managed print services to capturing high-value pages in areas such
as industrial applications, outdoor signage, and the graphic arts business.
Inkjet and Web Solutions. Inkjet and Web Solutions delivers HP's consumer and SMB inkjet solutions (hardware, supplies,
media, web-connected hardware and services) and develops HP's retail publishing and web businesses. It includes single function
and all-in-one inkjet printers targeted toward consumers and SMBs, as well as retail publishing solutions, Snapfish and ePrintCenter.
LaserJet and Enterprise Solutions. LaserJet and Enterprise Solutions delivers products, services and solutions to the
medium-sized business and enterprise segments, including LaserJet printers and supplies, multi-function devices, scanners,
web-connected hardware and services and enterprise software solutions, such as Exstream Software and Web Jetadmin.
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Managed Enterprise Solutions. Managed Enterprise Solutions provides managed print services products and solutions
delivered to enterprise customers partnering with third-party software providers to offer workflow solutions in the enterprise
environment.
Graphics Solutions. Graphics Solutions provides large format printing (Designjet and Scitex), large format supplies,
WebPress supplies, Indigo printing, specialty printing systems and inkjet high-speed production solutions. Graphic Solutions targets
print service providers, architects, engineers, designers and industrial solution providers.
Printer Supplies. Our printer supplies offerings include LaserJet toner and inkjet printer cartridges, graphic solutions ink
products and other printing-related media.
Enterprise Servers, Storage and Networking
ESSN provides server, storage and networking products in a number of categories. Our Converged Infrastructure portfolio of
servers, storage and networking combined with HP Software's Cloud Service Automation software suite creates HP's CloudSystem.
This integrated solution enables enterprise and service provider clients to deliver infrastructure, platform and software as a service
in a private, public or hybrid cloud environment. By providing a broad portfolio of server, storage and networking solutions, ESSN
aims to optimize the combined product solutions required by different customers and provide solutions for a wide range of operating
environments, spanning both the enterprise and the SMB markets.
Industry Standard Servers. Industry Standard Servers offers primarily entry-level and mid-range ProLiant servers, which run
primarily Windows, Linux and Novell operating systems and leverage Intel and AMD processors. The business spans a range of
product lines that include pedestal-tower servers, density-optimized rack servers and HP's BladeSystem family of server blades.
Business Critical Systems. Business Critical Systems delivers mission-critical Converged Infrastructure with a portfolio of
HP Integrity servers based on the Intel Itanium processor that run the HP-UX and OpenVMS operating systems, as well as HP
Integrity NonStop solutions. Our Integrity servers feature scalable blades built on a blade infrastructure with HP's unique Blade Link
technology and the Superdome 2 server solution. The Business Critical Systems business also offers HP's scale-up x86 ProLiant
servers for scalability of systems with more than four industry standard processors. In addition, HP continues to support the HP9000
servers and HP AlphaServers by offering customers the opportunity to upgrade these legacy systems to current HP Integrity systems.
Storage. Our storage offerings include storage platforms for high-end, mid-range and small business environments. Our
flagship product is the HP 3PAR Utility Storage Platform, which is designed for virtualization, cloud and IT-as-a-service. The
Storage business has a broad range of products including storage area networks, network attached storage, storage management
software and virtualization technologies, StoreOnce data deduplication solutions, tape drives, and tape libraries. These offerings
enable customers to optimize their existing storage systems, build new virtualization solutions, and plan their transition to cloud
computing.
Networking. Our switch, router, wireless LAN and TippingPoint network security products deliver open, scalable, secure,
agile and consistent solutions for the data center, campus and branch networks. Our networking solutions are based on HP's
FlexNetwork architecture, which is designed to enable simplified server virtualization, unified communications and multi-media
application delivery for the enterprise.
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HP Software
HP Software provides enterprise IT management software, information management solutions and security intelligence/risk
management solutions. Solutions are delivered in the form of traditional software licenses or as software-as-a-service. Augmented by
support and professional services, HP Software solutions allow large IT organizations to manage infrastructure, operations,
application life cycles, application quality and security, IT services, and business processes. In addition, these solutions help
businesses proactively safeguard digital assets, comply with corporate and regulatory policies, and control internal and external
security risks.
HP Financial Services
HPFS supports and enhances HP's global product and service solutions, providing a broad range of value-added financial
life-cycle management services. HPFS enables our worldwide customers to acquire complete IT solutions, including hardware,
software and services. The group offers leasing, financing, utility programs and asset recovery services, as well as financial asset
management services for large global and enterprise customers. HPFS also provides an array of specialized financial services to
SMBs and educational and governmental entities. HPFS offers innovative, customized and flexible alternatives to balance unique
customer cash flow, technology obsolescence and capacity needs.
Corporate Investments
Corporate Investments includes business intelligence solutions, HP Labs, webOS software and certain business incubation
projects. Business intelligence solutions enable businesses to standardize on consistent data management schemes, connect and share
data across the enterprise and apply analytics. This segment also derives revenue from licensing specific HP technology to third
parties.
HP was incorporated in 1947 under the laws of the State of California as the successor to a partnership founded in 1939 by
William R. Hewlett and David Packard. Effective in May 1998, we changed our state of incorporation from California to Delaware.
Our principal executive offices are located at 3000 Hanover Street, Palo Alto, California 94304. Our telephone number is
(650) 857-1501.
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