fwp
Filed Pursuant to Rule 433
Registration No. 333-145709
Registration No. 333-145709-01
June 1, 2009
(Enterprise LOGO)
PRICING TERM SHEET
4.60% Senior Notes due August 1, 2012
     
 
    
Issuer:
   Enterprise Products Operating LLC
 
    
Guarantee:
   Unconditionally guaranteed by Enterprise Products Partners L.P.
 
    
Trade Date:
   June 1, 2009
 
    
Expected Settlement Date:
   June 10, 2009 (T+7)
 
    
Note Type:
   Senior Unsecured Notes
 
    
Legal Format:
   SEC Registered
 
    
Size:
   $500,000,000
 
    
Maturity Date:
   August 1, 2012
 
    
Coupon:
   4.60%
 
    
Interest Payment Dates:
   February 1 and August 1, commencing February 1, 2010
 
    
Price to Public:
   99.950%
 
    
Benchmark Treasury:
   1.375% due May 15, 2012
 
    
Benchmark Treasury Yield:
   1.489%
 
    
Spread to Benchmark Treasury:
   + 312.5 bps
 
    
Yield:
   4.614%
 
    
Make-Whole Call:
   T +50 bps
 
    
CUSIP:
   29379VAE3
 
    
ISIN:
   US29379VAE39
 
    
Ratings*:
   Baa3 by Moody’s Investors Service, Inc.
 
   BBB- by Standard & Poor’s Ratings Services
 
   BBB- by Fitch Ratings
 
    
Joint Book-Running Managers:
   Barclays Capital Inc.
 
   DnB NOR Markets, Inc.
 
   Mizuho Securities USA Inc.
 
   RBS Securities Inc.
 
   Scotia Capital (USA) Inc.
 
   Wachovia Capital Markets, LLC
 
   SunTrust Robinson Humphrey, Inc.
*Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.
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, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling Barclays Capital Inc. at 1-888-227-2275 (ext. 2663), DnB NOR Markets, Inc. at 1-212-681-3800, Mizuho Securities USA Inc. at 1-800-221-8866 (ext. 3143), RBS Securities Inc. at 1-866-884-2071, Scotia Capital (USA) Inc. at 1-800-372-3930, Wachovia Capital Markets, LLC at 1-800-326-5897 or SunTrust Robinson Humphrey, Inc. at 1-800-685-4786.