Obbligazione MacDonald's 3.7% ( US58013MEY66 ) in USD

Emittente MacDonald's
Prezzo di mercato refresh price now   100 USD  ▲ 
Paese  Stati Uniti
Codice isin  US58013MEY66 ( in USD )
Tasso d'interesse 3.7% per anno ( pagato 2 volte l'anno)
Scadenza 30/01/2026



Prospetto opuscolo dell'obbligazione McDonalds US58013MEY66 en USD 3.7%, scadenza 30/01/2026


Importo minimo 1 000 USD
Importo totale 1 750 000 000 USD
Cusip 58013MEY6
Standard & Poor's ( S&P ) rating BBB+ ( Lower medium grade - Investment-grade )
Moody's rating Baa1 ( Lower medium grade - Investment-grade )
Coupon successivo 30/01/2026 ( In 45 giorni )
Descrizione dettagliata McDonald's è una multinazionale statunitense operante nel settore della ristorazione veloce, nota per i suoi hamburger, patatine fritte e altri prodotti di fast food.

The Obbligazione issued by MacDonald's ( United States ) , in USD, with the ISIN code US58013MEY66, pays a coupon of 3.7% per year.
The coupons are paid 2 times per year and the Obbligazione maturity is 30/01/2026

The Obbligazione issued by MacDonald's ( United States ) , in USD, with the ISIN code US58013MEY66, was rated Baa1 ( Lower medium grade - Investment-grade ) by Moody's credit rating agency.

The Obbligazione issued by MacDonald's ( United States ) , in USD, with the ISIN code US58013MEY66, was rated BBB+ ( Lower medium grade - Investment-grade ) by Standard & Poor's ( S&P ) credit rating agency.







424B2 1 a15-24471_4424b2.htm 424B2

CALCULATION OF REGISTRATION FEE

Maximum Aggregate
Amount of




Title of Each Class of Securities to be Registered
Offering Price
Registration Fee(1)(2)



Debt Securities (3.700% Medium-Term Notes Due 2026)
$
1,744,330,000
$
175,654.03




(1)
Calculated in accordance with Rule 457(r) under the Securities Act of 1933, as amended.


(2)
This "Calculation of Registration Fee" table shall be deemed to update the "Calculation of Registration Fee" table in the

Registration Statement on Form S-3 (No. 333-205731), filed by McDonald's Corporation on July 17, 2015, in accordance with
Rules 456(b) and 457(r) under the Securities Act of 1933, as amended.


Filed Pursuant to Rule 424(b)(2)
Registration Statement No. 333-205731

PRICING SUPPLEMENT NO. 3, Dated December 2, 2015
(To Prospectus Dated July 17, 2015 and
Prospectus Supplement Dated July 17, 2015)

McDONALD'S CORPORATION

Medium-Term Notes
(Fixed Rate Notes)
Due From One Year to 60 Years From Date of Issue

The following description of the terms of the Notes offered hereby supplements, and, to the extent
inconsistent therewith, replaces, the descriptions included in the Prospectus and
Prospectus Supplement referred to above, to which descriptions reference is hereby made.


Principal Amount:
USD 1,750,000,000



Issue Price:
99.676% of the principal amount of the Notes



Original Issue Date:
December 9, 2015 (T + 5)



Stated Maturity:
January 30, 2026



Interest Rate:
3.700% per annum



Interest Payment Dates:
January 30 and July 30 of each year, commencing July 30, 2016
[Applicable only if other than February 15 and August 15 of each year]



Regular Record Dates:
January 15 and July 15 of each year, as the case may be
[Applicable only if other than February 1 and August 1 of each year]



Form:
Book-Entry
Certificated





Specified Currency:
[Applicable only if other than U.S. dollars]

Option to Receive Payments in Specified Currency:
Yes No

[Applicable only if Specified Currency is other than U.S. dollars and if Note is not in Book Entry form]

Authorized Denominations:
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[Applicable only if other than U.S. $1,000 and increments of U.S. $1,000, or if Specified Currency is other than U.S. dollars]

Method of Payment of Principal:
[Applicable only if other than immediately available funds]




Optional Redemption:
The Notes cannot be redeemed prior to Stated Maturity.



The Notes can be redeemed in whole or in part at any time prior to Stated Maturity at the option of

McDonald's Corporation (the "Company") as set forth below.

Optional Redemption Dates:
At any time prior to Stated Maturity at the option of the Company as set forth below.


Redemption Prices:


The Redemption Price shall initially be % of the principal amount of the Note to be redeemed and shall decline at each

anniversary of the initial Optional Redemption Date by % of the principal amount to be redeemed until the Redemption
Price is 100% of such principal amount; provided, however, that if this Note is an Original Issue Discount Note, the Redemption
Price shall be the Amortized Face Amount of the principal amount to be redeemed.


Other: The Notes will be redeemable in whole or in part, at any time prior to October 30, 2025 (three months prior to Stated

Maturity) at the Company's option, at a redemption price equal to the greater of:

(1)
100% of the principal amount of the Notes to be redeemed, plus accrued and unpaid interest on those Notes to the

redemption date; or

(2)
the sum of the present values of the remaining scheduled payments of principal and interest on the Notes to be

redeemed (not including any portion of payments of interest accrued as of 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 plus 25 basis points, plus accrued and unpaid interest on those Notes to the redemption date.

The Notes will be redeemable in whole or in part, at any time on or after October 30, 2025 (three months prior to Stated
Maturity) at the Company's option, at a redemption price equal to 100% of the principal amount of such series of the Notes to be
redeemed, plus accrued and unpaid interest on those Notes to the redemption date.

For purposes of the determination of the redemption price, the following definitions shall apply:

"Business Day" means any day that is not a day on which banking institutions in New York City are authorized or required by law or
regulation to close.

"Comparable Treasury Issue" means the United States Treasury security selected by an Independent Investment Banker as having a
maturity comparable to the remaining term of the Notes to be redeemed that would be used, at the time of 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 Notes to be
redeemed.

"Comparable Treasury Price" means, with respect to any redemption date, the average of the available Reference Treasury Dealer
Quotations for that redemption date.

"Independent Investment Banker" means one of the Reference Treasury Dealers selected by the Company.


"Reference Treasury Dealer" means four primary U.S. Government securities dealers in New York City, New York (a "Primary Treasury
Dealer"), which shall include Goldman, Sachs & Co.; J.P. Morgan Securities LLC; Merrill Lynch, Pierce, Fenner & Smith Incorporated; and
Morgan Stanley & Co. LLC, and their respective successors; provided, however, that if any of the foregoing ceases to be a Primary Treasury
Dealer, the Company shall substitute for it another Primary Treasury Dealer.
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"Reference Treasury Dealer Quotation" means, with respect to each Reference Treasury Dealer and any redemption date, the average, as
determined by the Independent Investment Banker, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a
percentage of its principal amount) quoted by that Reference Treasury Dealer at 5:00 p.m. (New York City time) on the third Business Day
preceding the redemption date.

"Treasury Rate" means, with respect to any redemption date, the rate per annum equal to the semi-annual equivalent yield to maturity of
the Comparable Treasury Issue for the Notes to be redeemed, assuming a price for the Comparable Treasury Issue (expressed as a percentage of its
principal amount) equal to the Comparable Treasury Price for the redemption date.

Unless the Company defaults in payment of the redemption price, after the redemption date interest will cease to accrue on the Notes or portion of
the Notes called for redemption.

Sinking Fund:
The Notes are not subject to a Sinking Fund.


The Notes are subject to a Sinking Fund.

Sinking Fund Dates:

Sinking Fund Amounts:

Amortizing Note:
Yes No


Amortizing Schedule:

Outstanding Balance
Repayment Date
Repayment Amount
Following Repayment Amount



Optional Repayment:
Yes No


Optional Repayment Dates:

Optional Repayment Prices:

Original Issue Discount Note:
Yes No


Total Amount of OID:

Yield to Stated Maturity:

Initial Accrual Period OID:

Calculation Agent (if other than Principal Paying Agent):

Agents' Discount:
0.450% of the principal amount of the Notes



Net proceeds to Company: 99.226% of the principal amount of the Notes

Agents' Capacity:
Agent Principal


Agents:

Joint Bookrunners:
Citigroup Global Markets Inc.

Goldman, Sachs & Co.
J.P. Morgan Securities LLC
Merrill Lynch, Pierce, Fenner & Smith
Incorporated
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Mizuho Securities USA Inc.
Morgan Stanley & Co. LLC
Wells Fargo Securities, LLC

Co-Managers:
ANZ Securities, Inc.

Barclays Capital Inc.
Blaylock Beal Van, LLC
BNP Paribas Securities Corp.
Drexel Hamilton, LLC
HSBC Securities (USA) Inc.
ING Financial Markets LLC
Lebenthal & Co., LLC
Loop Capital Markets LLC
Mitsubishi UFJ Securities (USA), Inc.
PNC Capital Markets LLC
Rabo Securities USA, Inc.
RBC Capital Markets, LLC
RBS Securities Inc.
Samuel A. Ramirez & Company, Inc.
Scotia Capital (USA) Inc.
SG Americas Securities, LLC
SMBC Nikko Securities America, Inc.
Standard Chartered Bank
SunTrust Robinson Humphrey, Inc.
TD Securities (USA) LLC
The Williams Capital Group, L.P.
Unicredit Capital Markets LLC
U.S. Bancorp Investments, Inc.

CUSIP:
58013MEY6


Plan of Distribution to Agents:

Agent
Principal Amount





Goldman, Sachs & Co.
$
262,500,000


J.P. Morgan Securities LLC
$
262,500,000


Merrill Lynch, Pierce, Fenner & Smith
Incorporated
$
262,500,000


Morgan Stanley & Co. LLC
$
262,500,000


Citigroup Global Markets Inc.
$
105,000,000




Mizuho Securities USA Inc.
$
105,000,000


Wells Fargo Securities, LLC
$
105,000,000


The Williams Capital Group, L.P.
$
26,250,000


ANZ Securities, Inc.
$
17,500,000


Barclays Capital Inc.
$
17,500,000


BNP Paribas Securities Corp.
$
17,500,000


HSBC Securities (USA) Inc.
$
17,500,000


ING Financial Markets LLC
$
17,500,000


Mitsubishi UFJ Securities (USA), Inc.
$
17,500,000


PNC Capital Markets LLC
$
17,500,000


Rabo Securities USA, Inc.
$
17,500,000


RBC Capital Markets, LLC
$
17,500,000


RBS Securities Inc.
$
17,500,000


Scotia Capital (USA) Inc.
$
17,500,000


SG Americas Securities, LLC
$
17,500,000


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SMBC Nikko Securities America, Inc.
$
17,500,000


Standard Chartered Bank
$
17,500,000


SunTrust Robinson Humphrey, Inc.
$
17,500,000


TD Securities (USA) LLC
$
17,500,000


Unicredit Capital Markets LLC
$
17,500,000


U.S. Bancorp Investments, Inc
$
17,500,000


Blaylock Beal Van, LLC
$
8,750,000


Drexel Hamilton, LLC
$
8,750,000


Lebenthal & Co., LLC
$
8,750,000


Loop Capital Markets LLC
$
8,750,000


Samuel A. Ramirez & Company, Inc.
$
8,750,000






Total:
$
1,750,000,000



Additional Information Regarding Agents:

Standard Chartered Bank will not effect any offers or sales of any notes in the U.S. unless it is through one or more U.S. registered broker-dealers
as permitted by the regulations of FINRA.

United States Tax Considerations:

The text under "United States Tax Considerations--Non-U.S. Holders" in the Prospectus Supplement, dated July 17, 2015, summarizes certain
U.S. federal income tax considerations that may be relevant to a holder of a note that is a "non-U.S. holder" (as defined therein). Paragraph
(b) under the caption "United States Tax Considerations--Non-U.S. Holders" is amended to read in its entirety as follows:

(b) such non-U.S. holder will not be subject to U.S. federal income tax on gain realized on the sale, exchange or redemption of the note,
provided that, (i) the gain of such holder is not effectively connected with the holder's conduct of a trade or business in the United States
(and, if certain treaties apply, is not attributable to a permanent establishment maintained by the non-U.S. holder within the United
States); (ii) if the non-U.S. holder is an individual holder, such holder is not present in the United States for 183 days or more in the
taxable year of the sale, exchange or redemption (and does not satisfy certain other conditions); and (iii) in the case of a sale, exchange,
redemption or other taxable disposition of a note effected on or after January 1, 2019, (x) the non-U.S. holder has provided any direct or
indirect information with respect to its direct and indirect U.S. owners; and (y) if the non-U.S. holder or any intermediary through which
it holds notes is a "foreign financial institution" (as defined below), each such entity has entered into an agreement with the U.S.
government, pursuant to


which it agrees, among other responsibilities, to collect and provide to the U.S. tax authorities information about its direct and indirect
U.S. accountholders and investors, or otherwise establishes an exemption.

Plan of Distribution:

The text under "Plan of Distribution" in the Prospectus Supplement, dated July 17, 2015, is amended by inserting the following text immediately
preceding the "General" heading therein:

Canada

The notes may be sold only to purchasers purchasing, or deemed to be purchasing, as principal that are accredited investors, as defined in
National Instrument 45-106 Prospectus Exemptions or subsection 73.3(1) of the Securities Act (Ontario), and are permitted clients, as defined in
National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations. Any resale of the notes must be made in
accordance with an exemption from, or in a transaction not subject to, the prospectus requirements of applicable securities laws.

Securities legislation in certain provinces or territories of Canada may provide a purchaser with remedies for rescission or damages if this
document (including any amendment thereto) contains a misrepresentation, provided that the remedies for rescission or damages are exercised by
the purchaser within the time limit prescribed by the securities legislation of the purchaser's province or territory. The purchaser should refer to
any applicable provisions of the securities legislation of the purchaser's province or territory for particulars of these rights or consult with a legal
advisor.

Pursuant to section 3A.3 (or, in the case of securities issued or guaranteed by the government of a non-Canadian jurisdiction, section
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3A.4) of National Instrument 33-105 Underwriting Conflicts ("NI 33-105"), the agents are not required to comply with the disclosure requirements
of NI 33-105 regarding underwriter conflicts of interest in connection with this offering.

Legal Matters:

The text under "Legal Matters" in the Prospectus Supplement, dated July 17, 2015, is amended as follows:

Allen & Overy LLP, New York, New York, will pass upon the validity of the notes for the agents.

Information Regarding Settlement Date for Notes:

It is expected that delivery of the notes offered hereby will be made on or about the Original Issue Date stated above in this Pricing Supplement,
which will be the fifth business day following the date of this Pricing Supplement (T + 5). Pursuant to Rule 15c6-1 under the Securities Exchange
Act of 1934, as amended, trades in the secondary market generally are required to settle in three business days, unless the parties to any such trade
expressly agree otherwise. Accordingly, purchasers who wish to trade notes on the date of this Pricing Supplement or the next succeeding business
day will be required, by virtue of the fact that the notes initially will settle in T + 5, to specify an alternate settlement cycle at the time of any such
trade to prevent failed settlement and should consult their own advisors.

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