Free Writing Prospectus
(to the Preliminary Prospectus Supplement dated
January 6, 2009)
Filed Pursuant to Rule 433
Registration
No. 333-140317
$250,000,000
Brown-Forman
Corporation
5-Year
Fixed Rate Senior Unsecured Notes
Term
Sheet
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Issuer:
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Brown-Forman Corporation
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Issue Ratings:
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A2 (Moody’s)/A (S&P)
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Size:
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$250,000,000
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Security Type:
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SEC Registered Senior Unsecured Notes
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Coupon:
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5.00%
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Maturity:
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February 1, 2014
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Public Offering Price:
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99.634%
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Yield:
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5.082%
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Spread:
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T + 337.5 bps
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Benchmark Treasury:
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1.500% due 12/31/13
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Treasury Yield:
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1.707%
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Coupon Dates:
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The 1st day of each February and August
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First Coupon:
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August 1, 2009
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Settlement:
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T+3 (January 9, 2009)
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Optional Redemption:
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Make-Whole Call + 50 bps
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Day Count:
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30/360
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CUSIP:
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115637 AJ9
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Joint Bookrunning Managers:
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Banc of America Securities LLC
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Citigroup Global Markets Inc.
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J.P. Morgan Securities Inc.
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Barclays Capital Inc.
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Wachovia Capital Markets, LLC
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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 Securities and Exchange Commission 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 Securities and
Exchange Commission for more complete information about the
issuer and this offering. You may get these documents for free
by visiting EDGAR on the Securities and Exchange
Commission’s website 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 Banc of America Securities LLC toll-free at
1-800-294-1322,
Citigroup Global Markets Inc. toll-free at 1-877-858-5407 or
J.P. Morgan Securities Inc. collect at
212-834-4533.