Filed Pursuant to Rule 433
Registration No. 333-178708
June 17, 2014
Cameron International Corporation
Final Term Sheet
$500,000,000
$250,000,000 1.40% Senior Notes due 2017
$250,000,000 3.70% Senior Notes due 2024
$250,000,000 1.40% Senior Notes due 2017
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Issuer |
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Cameron International Corporation |
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Security |
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1.40% Senior Notes due 2017 (“2017 Notes”) |
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Ratings (Moody’s/S&P) |
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Baa1/BBB+ (Stable/Stable) |
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Amount |
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$250,000,000 |
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Type |
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SEC Registered |
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Settlement Date (T+3) |
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June 20, 2014 |
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Maturity Date |
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June 15, 2017 |
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Coupon |
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1.40% |
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Coupon Payment Dates |
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Semi-annual payments on June 15 and December 15 of each year, beginning December 15, 2014 |
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Optional Redemption |
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Make-whole call at T+ 5 bps |
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Benchmark |
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UST 0.875% due June 15, 2017 |
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Benchmark Yield |
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0.987% |
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Reoffer Spread |
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+ 43 bps |
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Reoffer Yield |
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1.417% |
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Price to Public |
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99.951% |
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Joint Bookrunners |
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Credit Suisse Securities (USA) LLC J.P. Morgan Securities LLC Citigroup Global Markets Inc. Mitsubishi UFJ Securities (USA), Inc. RBS Securities Inc. |
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Co-managers |
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Barclays Capital Inc. Standard Chartered Bank DNB Markets, Inc. Morgan Stanley & Co. LLC BBVA Securities Inc. UniCredit Capital Markets LLC Wells Fargo Securities, LLC |
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CUSIP/ISIN |
|
13342B AN5 / US13342BAN55 |
$250,000,000 3.70% Senior Notes due 2024
|
Issuer |
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Cameron International Corporation |
|
|
|
|
|
Security |
|
3.70% Senior Notes due 2024 (“2024 Notes”) |
|
|
|
|
|
Ratings (Moody’s/S&P) |
|
Baa1/BBB+ (Stable/Stable) |
|
|
|
|
|
Amount |
|
$250,000,000 |
|
|
|
|
|
Type |
|
SEC Registered |
|
|
|
|
|
Settlement Date (T+3) |
|
June 20, 2014 |
|
|
|
|
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Maturity Date |
|
June 15, 2024 |
|
|
|
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Coupon |
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3.70% |
|
|
|
|
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Coupon Payment Dates |
|
Semi-annual payments on June 15 and December 15 of each year, beginning December 15, 2014 |
|
|
|
|
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Optional Redemption |
|
Make-whole call at T + 15 bps
However, if the 2024 Notes are redeemed on or after March 15, 2024 (three months prior to their maturity date), the redemption price would equal to 100% of the principal amount of the 2024 Notes redeemed. |
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Benchmark |
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UST 2.500% due May 15, 2024 |
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|
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Benchmark Yield |
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2.648% |
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|
|
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Reoffer Spread |
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+ 108 bps |
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Reoffer Yield |
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3.728% |
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|
|
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Price to Public |
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99.769% |
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|
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Joint Bookrunners |
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Credit Suisse Securities (USA) LLC J.P. Morgan Securities LLC Citigroup Global Markets Inc. Mitsubishi UFJ Securities (USA), Inc. RBS Securities Inc. |
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Co-managers |
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Barclays Capital Inc. Standard Chartered Bank DNB Markets, Inc. Morgan Stanley & Co. LLC BBVA Securities Inc. UniCredit Capital Markets LLC Wells Fargo Securities, LLC |
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CUSIP/ISIN |
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13342B AP0 / US13342BAP04 |
*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 (USA) LLC toll-free at 1-800-221-1037 or J.P. Morgan Securities LLC collect at 1-212-834-4533.