FWP

Filed pursuant to Rule 433

Dated August 21, 2017

Issuer Free Writing Prospectus supplementing the

Preliminary Prospectus Supplement

dated August 21, 2017 and the

Prospectus dated May 8, 2017

Registration No. 333-217775

Tyson Foods, Inc.

Final Term Sheet

$400,000,000 Floating Rate Senior Notes due 2020

 

Issuer:

   Tyson Foods, Inc.

Ratings (Moody’s/S&P/Fitch):

   Baa2/BBB/BBB*

Format:

   SEC Registered

Ranking:

   Floating Rate Senior Unsecured

Size:

   $400,000,000

Trade Date:

   August 21, 2017

Settlement Date:

   August 23, 2017 (T + 2)

Final Maturity:

   August 21, 2020

Interest Payment Dates:

   Quarterly, on February 21, May 21, August 21 and November 21

First Interest Payment Date:

   November 21, 2017

Interest Rate:

   3-month U.S. dollar LIBOR plus 45 basis points. The interest rate for the floating rate notes due 2020 will be reset quarterly on each interest determination date

Public Offering Price:

   100%

Day Count:

   Actual/360

Optional Redemption:

   The floating rate notes due 2020 will not be redeemable at the option of the Company prior to maturity

Minimum Denominations/Multiples:

   Denominations of $2,000 and in integral multiples of $1,000 in excess thereof

Joint Bookrunning Managers:

  

Merrill Lynch, Pierce Fenner & Smith

                     Incorporated

   Morgan Stanley & Co. LLC
  

RBC Capital Markets, LLC

J.P. Morgan Securities LLC

Barclays Capital Inc.

Senior Co-managers:

  

Goldman Sachs & Co. LLC

Mizuho Securities USA LLC

Rabo Securities USA, Inc.

Co-managers:

  

Credit Agricole Securities (USA) Inc.

MUFG Securities Americas Inc.

U.S. Bancorp Investments, Inc.

Wells Fargo Securities, LLC


CUSIP:

  

902494 BE2

ISIN:

  

US902494BE29

Calculation Agent:

  

Bank of New York Mellon Trust Company, N.A.

Exchange Listing:

  

None

$500,000,000 2.250% Senior Notes due 2021

 

Issuer:

   Tyson Foods, Inc.

Ratings (Moody’s/S&P/Fitch):

   Baa2/BBB/BBB*

Format:

   SEC Registered

Ranking:

   Senior Unsecured

Size:

   $500,000,000

Trade Date:

   August 21, 2017

Settlement Date:

   August 23, 2017 (T + 2)

Final Maturity:

   August 23, 2021

Interest Payment Dates:

   Semi-annually on February 23 and August 23

First Interest Payment Date:

   February 23, 2018

Pricing Benchmark:

   1.500% due August 15, 2020

UST Spot (Price/Yield):

   100-04  34 / 1.449%

Spread to Benchmark:

   T+85 bps

Yield to Maturity:

   2.299%

Coupon:

   2.250%

Public Offering Price:

   99.814%

Day Count:

   30/360

Make Whole Call:

   T + 15 bps

Par call:

   On or after 1 month prior to the maturity date

Minimum Denominations/Multiples:

   Denominations of $2,000 and in integral multiples of $1,000 in excess thereof

Joint Bookrunning Managers:

  

Merrill Lynch, Pierce Fenner & Smith

                     Incorporated

   Morgan Stanley & Co. LLC
  

RBC Capital Markets, LLC

J.P. Morgan Securities LLC

Barclays Capital Inc.

Senior Co-managers:

  

Goldman Sachs & Co. LLC

Mizuho Securities USA LLC

Rabo Securities USA, Inc.

Co-managers:

  

Credit Agricole Securities (USA) Inc.

MUFG Securities Americas Inc.

U.S. Bancorp Investments, Inc.

Wells Fargo Securities, LLC

CUSIP:

   902494 BF9

ISIN:

   US902494BF93

Exchange Listing:

   None

 

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This communication is intended for the sole use of the person to whom it is provided by us.

 

(*) An explanation of the significance of ratings may be obtained from the rating agencies. Generally, rating agencies base their ratings on such material and information, and such of their own investigations, studies and assumptions, as they deem appropriate. The rating of the notes should be evaluated independently from similar ratings of other securities. A credit rating of a security is not a recommendation to buy, sell or hold securities and may be subject to review, revision, suspension, reduction or withdrawal at any time by the assigning rating agency.

The issuer has filed a registration statement (including a prospectus and a preliminary prospectus supplement) with the Securities and Exchange Commission (the “SEC”) for the offering to which this communication relates. Before you invest, you should read the prospectus and the preliminary prospectus supplement 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 1-800-294-1322, Morgan Stanley & Co. LLC toll-free at 1-866-718-1649 or RBC Capital Markets, LLC toll-free at 1-866-375-6829.

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.

 

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