Issuer:
|
Archer-Daniels-Midland Company | |||
Ratings (Moody’s/S&P/Fitch)**:
|
A2/A/A | |||
Format:
|
SEC Registered | |||
Ranking:
|
Senior Unsecured | |||
Trade Date:
|
March 30, 2011 | |||
Settlement Date:
|
April 4, 2011 | |||
Interest Payment Dates:
|
Semi-annually on March 1 and September 1 | |||
First Interest Payment Date:
|
September 1, 2011 | |||
Day Count:
|
30/360 | |||
Joint Lead Remarketing Agents:
|
Citigroup Global Markets Inc. | |||
| J.P. Morgan Securities LLC | ||||
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | ||||
Co-Remarketing Agents
|
Barclays Capital Inc. | |||
| BNP Paribas Securities Corp. | ||||
| Deutsche Bank Securities Inc. | ||||
| HSBC Securities (USA) Inc. | ||||
| Morgan Stanley & Co. Incorporated | ||||
| 4.479% Notes due 2021 | 5.765% Debentures due 2041 | |||
Size:
|
$750,000,000 | $1,000,000,000 | ||
Final Maturity:
|
March 1, 2021 | March 1, 2041 | ||
Interest:
|
4.479% per year; on September 1, 2011, the first Interest Payment Date, interest on the Notes will be paid in an amount equal to (a) interest at the rate of 4.70% per year from and including March 1, 2011 to, but not including, the Settlement Date and (b) interest at the rate of 4.479% per year from and including the Settlement Date to, but not including, such Interest Payment Date. | 5.765% per year; on September 1, 2011, the first Interest Payment Date, interest on the Debentures will be paid in an amount equal to (a) interest at the rate of 4.70% per year from and including March 1, 2011 to, but not including, the Settlement Date and (b) interest at the rate of 5.765% per year from and including the Settlement Date to, but not including, such Interest Payment Date. |
Pricing Benchmark:
|
3.625% due February 15, 2021 | 4.250% due November 15, 2040 | ||
UST Spot (Price/Yield):
|
101-18; 3.437% | 95-23; 4.513% | ||
Spread to Benchmark:
|
Plus 95 bps | Plus 120 bps | ||
Yield to Maturity:
|
4.387% | 5.713% | ||
Coupon:
|
4.479% | 5.765% | ||
Price to Public:
|
100.729%, plus accrued interest at the rate of 4.70% per year from and including March 1, 2011 to, but not including, the Settlement Date. | 100.738%, plus accrued interest at the rate of 4.70% per year from and including March 1, 2011 to, but not including, the Settlement Date. | ||
Total Price to Public
(including accrued
interest):
|
101.160% | 101.168% | ||
Optional Redemption:
|
On or after June 1, 2013, the Notes will be redeemable at the Issuer’s option, at any time in whole or from time to time in part at a redemption price equal to (A) the greater of (i) 100% of the principal amount of the Notes being redeemed; and (ii) the sum of the present values of the remaining scheduled payments of principal and interest thereon (not including any portion of such payments of interest accrued as of the date of redemption), discounted to the date of redemption on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate, plus 15 basis points, plus (B) accrued and unpaid interest on the Notes to the redemption date. | On or after June 1, 2013, the Debentures will be redeemable at the Issuer’s option, at any time in whole or from time to time in part at a redemption price equal to (A) the greater of (i) 100% of the principal amount of the Debentures being redeemed; and (ii) the sum of the present values of the remaining scheduled payments of principal and interest thereon (not including any portion of such payments of interest accrued as of the date of redemption), discounted to the date of redemption on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate, plus 20 basis points, plus (B) accrued and unpaid interest on the Debentures to the redemption date. | ||
CUSIP:
|
039483 BB7 | 039483 BC5 | ||
ISIN:
|
US039483BB75 | US039483BC58 |