Filed Pursuant to Rule 433
Registration Number 333-168333
International Business Machines Corporation
May 8, 2012
Pricing Term Sheet
0.750% Notes due 2015
1.875% Notes due 2019
|
Issuer |
International Business Machines Corporation | |
|
Expected Issuer Ratings* |
Aa3/A+/A+ (Moody’s/S&P/Fitch) |
|
|
Format |
SEC Registered |
|
|
Trade Date |
May 8, 2012 |
|
|
Settlement Date |
(T+3); May 11, 2012 |
|
|
Joint Bookrunning Managers |
Barclays Capital Inc. HSBC Securities (USA) Inc. J.P. Morgan Securities LLC RBS Securities Inc. |
|
|
Co-Managers |
CIBC World Markets Corp. Samuel A. Ramirez & Company, Inc. TD Securities (USA) LLC UBS Securities LLC |
|
|
|
2015 Notes |
2019 Notes |
|
Principal Amount |
$900,000,000 |
$600,000,000 |
|
Maturity |
May 11, 2015 |
May 15, 2019 |
|
Interest Payment Dates |
May 11 and November 11 |
May 15 and November 15 |
|
First Interest Payment Date |
November 11, 2012 |
November 15, 2012 (long first coupon) |
|
Benchmark Treasury |
0.375% due April, 2015 |
1.250% due April, 2019 |
|
Benchmark Treasury Yield |
0.356% |
1.248% |
|
Spread to Benchmark Treasury |
T + 45 bps |
T + 65 bps |
|
Yield to Maturity |
0.806% |
1.898% |
|
Coupon |
0.750% |
1.875% |
|
Make-Whole Call |
T + 10 bps |
T + 12.5 bps |
|
Price to Public |
99.834% |
99.850% |
|
Underwriting Discount |
0.15% |
0.35% |
|
Day Count |
30/360 |
30/360 |
|
Minimum Denomination |
$100,000 and multiples of $1,000 |
$100,000 and multiples of $1,000 |
|
CUSIP |
459200 HD6 |
459200 HE4 |
|
ISIN |
US459200HD61 |
US459200HE45 |
*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. at (888) 603-5847 (toll-free) , HSBC Securities (USA) Inc. at (866) 811-8049 (toll-free), J.P. Morgan Securities LLC at (212) 834-4533 (collect) and RBS Securities Inc. at (866) 884-2071 (toll-free).
This pricing term sheet supplements the preliminary form of prospectus supplement issued by International Business Machines Corporation on May 8, 2012 relating to its Prospectus dated July 27, 2010.