fwp
 

Filed Pursuant to Rule 433
Registration No. 333-140970
Term Sheet
March 9, 2007
MASCO CORPORATION
$300,000,000 5.85% NOTES DUE 2017
           
 
ISSUER:
    Masco Corporation  
 
 
        
 
TITLE OF SECURITIES:
    5.85% Notes due 2017  
 
 
        
 
RATINGS:
    Baa1 by Moody’s Investors Service, Inc and BBB+ by Standard & Poor’s Rating Services  
 
 
        
 
TRADE DATE:
    March 9, 2007  
 
 
        
 
SETTLEMENT DATE (T+3):
    March 14, 2007  
 
 
        
 
MATURITY DATE:
    March 15, 2017  
 
 
        
 
AGGREGATE PRINCIPAL AMOUNT OFFERED:
    $300,000,000  
 
 
        
 
PRICE TO PUBLIC (ISSUE PRICE):
    99.648%  
 
 
        
 
PROCEEDS TO MASCO (BEFORE EXPENSES):
    $296,994,000  
 
 
        
 
BENCHMARK:
    UST 4.625% due February 15, 2017  
 
 
        
 
BENCHMARK TREASURY YIELD:
    4.587%  
 
 
        
 
SPREAD TO TREASURY:
    131 basis points  
 
 
        
 
INTEREST RATE:
    5.850% per annum  
 
 
        
 
INTEREST PAYMENT DATES:
    Semi-annually on each March 15 and September 15; commencing on September 15, 2007  
 
 
        
 
DENOMINATIONS:
    $1,000 by $1,000  
 
 
        
 
OPTIONAL REDEMPTION:
    Make-whole call at any time at the greater of 100% of the principal amount of the notes being redeemed or discounted present value at the treasury rate plus 20 basis points  
 
 
        
 
CHANGE OF CONTROL:
    Upon the occurrence of a Change of Control Triggering Event, we will be required to make an offer to purchase the notes at a price equal to 101% of their principal amount plus accrued and unpaid interest to the date of repurchase.  
 
 
        
 
JOINT BOOKRUNNERS:
    Merrill Lynch, Pierce, Fenner & Smith Incorporated, Citigroup Global Markets Inc. and J.P. Morgan Securities Inc.  
 
 
        
 
CO-MANAGERS:
    Daiwa Securities America Inc., KeyBanc Capital Markets, a division of McDonald Investments, Inc., Lazard Capital Markets LLC  
 
 
        
 
CUSIP:
    574599BF2  
 

 

 

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 MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED TOLL-FREE AT 1-866-500-5408, CITIGROUP GLOBAL MARKETS INC. TOLL-FREE AT 1-877- 858-5407 OR J.P. MORGAN SECURITIES INC. AT 1-212-834-4533.
ANY DISCLAIMERS OR OTHER NOTICES THAT MAY APPEAR BELOW ARE NOT APPLICABLE TO THIS COMMUNICATION AND SHOULD BE DISREGARDED. SUCH DISCLAIMERS OR OTHER NOTICES WERE AUTOMATICALLY GENERATED AS A RESULT OF THIS COMMUNICATION BEING SENT VIA BLOOMBERG OR ANOTHER EMAIL SYSTEM.