Filed Pursuant to Rule 433
Registration Number 333-168333
€1,000,000,000
1.375% Notes Due November 19, 2019
International Business Machines Corporation
November 12, 2012
Pricing Term Sheet
|
Issuer |
|
International Business Machines Corporation |
|
Expected Issuer Ratings* |
|
Aa3/AA-/A+ (Moody’s/S&P/Fitch) |
|
Format |
|
SEC Registered |
|
Form |
|
Registered Form |
|
Trade Date |
|
November 12, 2012 |
|
Settlement Date |
|
November 19, 2012 (T+5) |
|
Size |
|
€1,000,000,000 |
|
Maturity |
|
November 19, 2019 |
|
Interest Payment Date |
|
November 19 of each year |
|
First Payment Date |
|
November 19, 2013 |
|
Benchmark Government Security |
|
German Government DBR 3.500% due July 4, 2019 |
|
Benchmark Government Security Yield |
|
0.729% |
|
Spread to Benchmark Government Security |
|
+ 70.9 bps |
|
Mid Swaps Yield |
|
1.238% |
|
Spread to Mid Swaps |
|
+ 20 bps |
|
Yield to Maturity |
|
1.438% |
|
Coupon |
|
1.375% (payable annually) |
|
Make-Whole Call (reference bond) |
|
German Government DBR 3.500% due July 4, 2019 |
|
Price to Public |
|
99.583% |
|
Underwriting Discount |
|
0.30% |
|
Price to Issuer |
|
99.283% |
|
Day Count |
|
Actual / Actual (ICMA) |
|
Minimum Denomination |
|
€100,000 and multiples of €1,000 |
|
Listing |
|
Application will be made to list the Notes on the New York Stock Exchange |
|
Bookrunners |
|
Credit Suisse Securities (Europe) Limited |
|
Co-Managers |
|
Banca IMI S.p.A. |
|
CUSIP |
|
459200 HH7 |
|
ISIN/Common Code |
|
XS0856023147 / 085602314 |
*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 Credit Suisse Securities (Europe) Limited at +44 (0) 20 7888 4021, Deutsche Bank AG, London Branch at 1 800-503-4611, Goldman, Sachs & Co. at 1-866-471-2526 or Morgan Stanley & Co. International plc at 1-866-718-1649. This pricing term sheet
supplements the preliminary form of prospectus supplement issued by International Business Machines Corporation on November 12, 2012 relating to its Prospectus dated July 27, 2010.
United Kingdom: Stabilisation/FSA.