Filed Pursuant to Rule 433
Registration Number 333-168333
$1,000,000,000
Floating Rate Notes Due 2012
International Business Machines Corporation
December 13, 2010
Pricing Term Sheet
|
Issuer |
|
International Business Machines Corporation |
|
Expected Ratings |
|
Aa3/A+/A+ (Moody’s/S&P/Fitch) |
|
Format |
|
SEC Registered |
|
Ranking |
|
Senior |
|
Trade Date |
|
December 13, 2010 |
|
Settlement Date |
|
December 15, 2010 |
|
Size |
|
$1,000,000,000 |
|
Maturity |
|
June 15, 2012 |
|
Interest Payment Dates |
|
Quarterly on March 15, June 15, September 15 and December 15 |
|
First Payment Date |
|
March 15, 2011 |
|
Spread to LIBOR |
|
3 bps |
|
Designated LIBOR page |
|
Reuters Screen LIBOR01 Page |
|
Index Maturity |
|
3 Month |
|
Interest Reset Period |
|
Quarterly |
|
Interest Reset Dates |
|
March 15, June 15, September 15 and December 15 |
|
Initial Interest Rate |
|
Three month LIBOR plus 3 bps, determined on the second London banking day prior to December 15, 2010 |
|
Price to Public |
|
100.00% |
|
Underwriting Discount |
|
0.10% |
|
Price to Issuer |
|
99.90% |
|
Net Proceeds |
|
$999,000,000 |
|
Day Count |
|
Actual/360, Modified Following Business Day |
|
Minimum Denomination |
|
$100,000 and increments of $1,000 |
|
Bookrunners |
|
Barclays Capital Inc. |
|
|
|
UBS Securities LLC |
|
Co-Managers |
|
BBVA Securities Inc. |
|
|
|
UniCredit Capital Markets, Inc. |
|
CUSIP |
|
459200 GV7 |
|
ISIN |
|
US459200GV78 |
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. toll free at 888-603-5847 and UBS Securities LLC toll-free at 877-827-6444 (extension 561-3884).
This pricing term sheet supplements the preliminary form of prospectus supplement issued by International Business Machines Corporation on December 13, 2010 relating to its Prospectus dated July 27, 2010.