Obligation MacDonald's 4.7% ( US58013MEZ32 ) en USD

MacDonald's

99.644 % ▼

Etats-unis

US58013MEZ32 ( en USD )

4.7% par an ( paiement semestriel )

09/12/2035

Prospectus brochure de l'obligation McDonalds US58013MEZ32 en USD 4.7%, échéance 09/12/2035

1 000 USD

750 000 000 USD

58013MEZ3

BBB+ ( Qualité moyenne inférieure )

Baa1 ( Qualité moyenne inférieure )

09/06/2026 ( Dans 177 jours )

McDonald's est une chaîne de restauration rapide multinationale américaine qui sert des hamburgers, des frites, des boissons gazeuses et d'autres articles de restauration rapide dans le monde entier.

L'émission obligataire référencée par le code ISIN US58013MEZ32, également identifiée par le code CUSIP 58013MEZ3, représente une opportunité sur le marché des titres de créance émis par McDonald's Corporation. McDonald's, acteur majeur et emblématique de l'industrie de la restauration rapide, est une multinationale dont le siège est situé aux États-Unis, reconnue mondialement pour son vaste réseau de franchises et ses opérations étendues, ce qui confère à ses obligations une certaine stabilité. Cette obligation spécifique, libellée en dollars américains (USD) et d'une taille totale d'émission de 750 000 000 USD, offre un taux d'intérêt nominal de 4.7% dont les paiements sont effectués avec une fréquence de deux fois par an. Sa maturité est fixée au 9 décembre 2035, et la taille minimale à l'achat pour les investisseurs est de 1 000 USD. Sur le marché, cette obligation se négocie actuellement à un prix de 96.276% de sa valeur nominale. La qualité de crédit de McDonald's en tant qu'émetteur est confirmée par des notations d'agences reconnues : elle est notée BBB+ par Standard & Poor's (S&P) et Baa1 par Moody's, ces deux notations la plaçant dans la catégorie "investissement grade", ce qui témoigne d'un risque de défaut relativement faible.

Filed Pursuant to Rule 433
Dated December 2, 2015
Registration Statement No. 333-205731

McDONALD'S CORPORATION

USD 750 Mil ion 2.100% Medium-Term Notes Due 2018

Summary of Terms

Issuer:

McDonald's Corporation
Ratings:

Moody's: Baa1 (Stable), S&P: BBB+ (Stable)*
Trade Date:

December 2, 2015
Settlement Date:

December 9, 2015 (T + 5)
Maturity Date:

December 7, 2018
Security Description:

SEC-Registered Senior Unsecured Fixed Rate
Medium-Term Notes
Total Principal Amount:

USD 750,000,000
Coupon:

2.100%
Issue Price:

99.951% of the principal amount
Yield to Maturity:

2.117%
Spread to Benchmark
T + 90 basis points
Treasury:
Benchmark Treasury:

1.250% 3-year note due November 15, 2018
Benchmark Treasury Yield:

1.217%
Coupon Payments:

Pays Semi-Annual y on the 7th day of June and
December, beginning June 7, 2016
Day Count:

30 / 360
Redemption Provision:

Cal able at any time at a make-whole price of
the greater of (a) 100% of the principal
amount, or (b) discounted present value at
Treasury Rate plus 15 basis points
J oint Bookrunners:

Goldman, Sachs & Co.

J.P. Morgan Securities LLC

Merril Lynch, Pierce, Fenner & Smith

Incorporated

Mitsubishi UFJ Securities (USA), Inc.

Morgan Stanley & Co. LLC

SG Americas Securities, LLC
Wel s Fargo Securities, LLC
CUSIP:

58013MEW0

USD 1.00 Bil ion 2.750% Medium-Term Notes Due 2020

Summary of Terms

Issuer:

McDonald's Corporation
Ratings:

Moody's: Baa1 (Stable), S&P: BBB+ (Stable)*
Trade Date:

December 2, 2015

* A credit rating is not a recommendation to buy, sel or hold securities. It may be subject to revision or withdrawal at any time
by the assigning credit rating agency. Each credit rating is applicable only to the specific security to which it applies. Investors
should make their own evaluation as to whether an investment in the security is appropriate.

Settlement Date:

December 9, 2015 (T + 5)
Maturity Date:

December 9, 2020
Security Description:

SEC-Registered Senior Unsecured Fixed Rate Medium-Term
Notes
Total Principal Amount:

USD 1,000,000,000

Coupon:

2.750%
Issue Price:

99.815% of the principal amount
Yield to Maturity:

2.790%
Spread to Benchmark
T + 115 basis points
Treasury:
Benchmark Treasury:

1.625% 5-year note due November 30, 2020
Benchmark Treasury Yield:

1.640%
Coupon Payments:

Pays Semi-Annual y on the 9th day of June and December,
beginning June 9, 2016
Day Count:

30 / 360
Redemption Provision:

The 2020 Notes wil be redeemable at any time prior to
November 9, 2020 (one month prior to the maturity date),
at the option of McDonald's Corporation, in whole or in
part, 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 20 basis points, plus accrued and unpaid interest on
those Notes to the redemption date. The 2020 Notes wil
be redeemable in whole or in part, at any time on or after
November 9, 2020 (one month prior to the maturity date)
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.
Joint Bookrunners:

Citigroup Global Markets Inc.

Goldman, Sachs & Co.

J.P. Morgan Securities LLC

Merril Lynch, Pierce, Fenner & Smith

Incorporated

Mizuho Securities USA Inc.

Morgan Stanley & Co. LLC
U.S. Bancorp Investments, Inc.
CUSIP:

58013MEX8

USD 1.75 Bil ion 3.700% Medium-Term Notes Due 2026

Summary of Terms

Issuer:

McDonald's Corporation
Ratings:

Moody's: Baa1 (Stable), S&P: BBB+ (Stable)*

Trade Date:

December 2, 2015
Settlement Date:

December 9, 2015 (T + 5)
Maturity Date:

January 30, 2026
Security Description:

SEC-Registered Senior Unsecured Fixed Rate Medium-Term
Notes
Total Principal Amount:

USD 1,750,000,000
Coupon:

3.700%
Issue Price:

99.676% of the principal amount
Yield to Maturity:

3.738%
Spread to Benchmark
T + 155 basis points
Treasury:
Benchmark Treasury:

2.250% 10-year bond due November 15, 2025
Benchmark Treasury Yield:

2.188%

Coupon Payments:

Pays Semi-Annual y on the 30th day of January and July,
beginning July 30, 2016
Day Count:

30 / 360
Redemption Provision:

The 2026 Notes wil be redeemable at any time prior to
October 30, 2025 (three months prior to the maturity
date), at the option of McDonald's Corporation, in whole or
in part, 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 2026 Notes wil
be redeemable in whole or in part, at any time on or after
October 30, 2025 (three months prior to the maturity
date) 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.
Joint Bookrunners:

Citigroup Global Markets Inc.

Goldman, Sachs & Co.

J.P. Morgan Securities LLC

Merril Lynch, Pierce, Fenner & Smith

Incorporated

Mizuho Securities USA Inc.

Morgan Stanley & Co. LLC
Wel s Fargo Securities, LLC
CUSIP:

58013MEY6

USD 750 Mil ion 4.700% Medium-Term Notes Due 2035

Summary of Terms

Issuer:

McDonald's Corporation

Ratings:

Moody's: Baa1 (Stable), S&P: BBB+ (Stable)*
Trade Date:

December 2, 2015
Settlement Date:

December 9, 2015 (T + 5)
Maturity Date:

December 9, 2035
Security Description:

SEC-Registered Senior Unsecured Fixed Rate Medium-Term
Notes
Total Principal Amount:

USD 750,000,000
Coupon:

4.700%
Issue Price:

99.679% of the principal amount
Yield to Maturity:

4.725%
Spread to Benchmark
T + 180 basis points
Treasury:
Benchmark Treasury:

2.875% 30-year bond due August 15, 2045
Benchmark Treasury Yield:

2.925%
Coupon Payments:

Pays Semi-Annual y on the 9th day of June and December,
beginning June 9, 2016
Day Count:

30 / 360
Redemption Provision:

The 2035 Notes wil be redeemable at any time prior to
June 9, 2035 (six months prior to the maturity date), at
the option of McDonald's Corporation, in whole or in part,
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 30 basis
points, plus accrued and unpaid interest on those Notes
to the redemption date. The 2035 Notes wil be
redeemable in whole or in part, at any time on or after
June 9, 2035 (six months prior to the maturity date) 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.
Joint Bookrunners:

Citigroup Global Markets Inc.

Goldman, Sachs & Co.

J.P. Morgan Securities LLC

Merril Lynch, Pierce, Fenner & Smith

Incorporated

Mizuho Securities USA Inc.

Morgan Stanley & Co. LLC
SG Americas Securities, LLC
CUSIP:

58013MEZ3

USD 1.75 Bil ion 4.875% Medium-Term Notes Due 2045

Summary of Terms

Issuer:

McDonald's Corporation

Ratings:

Moody's: Baa1 (Stable), S&P: BBB+ (Stable)*
Trade Date:

December 2, 2015
Settlement Date:

December 9, 2015 (T + 5)
Maturity Date:

December 9, 2045
Security Description:

SEC-Registered Senior Unsecured Fixed Rate Medium-Term
Notes
Total Principal Amount:

USD 1,750,000,000
Coupon:

4.875%
Issue Price:

100.000% of the principal amount
Yield to Maturity:

4.875%
Spread to Benchmark
T + 195 basis points
Treasury:
Benchmark Treasury:

2.875% 30-year bond due August 15, 2045
Benchmark Treasury Yield:

2.925%
Coupon Payments:

Pays Semi-Annual y on the 9th day of June and December,
beginning June 9, 2016
Day Count:

30 / 360
Redemption Provision:

The 2045 Notes wil be redeemable at any time prior to
June 9, 2045 (six months prior to the maturity date), at
the option of McDonald's Corporation, in whole or in part,
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 30 basis
points, plus accrued and unpaid interest on those Notes
to the redemption date. The 2045 Notes wil be
redeemable in whole or in part, at any time on or after
June 9, 2045 (six months prior to the maturity date) 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.
Joint Bookrunners:

Citigroup Global Markets Inc.

Goldman, Sachs & Co.

J.P. Morgan Securities LLC

Merril Lynch, Pierce, Fenner & Smith

Incorporated

Morgan Stanley & Co. LLC

SG Americas Securities, LLC
Wel s Fargo Securities, LLC
CUSIP:

58013MFA7
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 fol ows:

(b) such non-U.S. holder wil 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); (i ) 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 (i i) 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 col ect 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 fol owing 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 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
fol ows:

Al en & Overy LLP, New York, New York, wil 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 wil be made on or about the Original Issue
Date stated above in this Pricing Supplement, which wil be the fifth business day fol owing 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 general y are required to settle in three business
days, unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who
wish to trade the notes on the date of this Pricing Supplement or the next succeeding business day
wil be required, by virtue of the fact that the notes initial y wil 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.
The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to
which this communication relates. Before you invest, you should read the prospectus in that
registration statement and other documents the issuer has filed with the SEC for more complete
information about the issuer and this offering. You may get these documents for free by visiting
EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer or any agent participating in
the offering wil arrange to send you the prospectus if you request it by cal ing McDonald's
Corporation tol -free at 1-800-228-9623; Goldman, Sachs & Co. tol -free at 1-866-471-2526; J.P.
Morgan Securities LLC col ect at 1-212-834-4533; Merril Lynch, Pierce, Fenner & Smith Incorporated
tol -free at 1-800-294-1322; or Morgan Stanley & Co. LLC tol -free at 1-866-718-1649.