Filed Pursuant to Rule 433
Registration Statement No. 333-141084
Pricing Term Sheet
January 31, 2008
Pricing Term Sheet
5.700% Notes due 2018
| Issuer: | Union Pacific Corporation | |
| Size: | $750,000,000 | |
| Maturity: | August 15, 2018 | |
| Coupon: | 5.700% | |
| Price to Public: | 99.661% of face amount | |
| Yield to maturity: | 5.743% | |
| Spread to Benchmark Treasury: | 2.10% | |
| Benchmark Treasury: | UST 4.250% due November 2017 | |
| Benchmark Treasury Yield: | 3.643% | |
| Interest Payment Dates: | February 15 and August 15, commencing on August 15, 2008 | |
| Redemption Provisions: | ||
| Make-Whole Call: |
Any time at the greater of 100% or the make-whole amount at a discount rate equal to Treasury Rate plus 35 basis points. | |
| Change of Control: |
Upon the occurrence of a Change of Control Repurchase Event, we will be required to make an offer to purchase the notes at a price equal to 101% of their principal amount plus accrued and unpaid interest to the date of repurchase. | |
| Trade Date: | January 31, 2008 | |
| Settlement Date: | February 5, 2008 (T+3) | |
| CUSIP: | 907818 DA3 | |
| Denominations | $1,000 x $1,000 | |
| Ratings: | Baa2 (stable) / BBB (stable) | |
| Underwriters: | Joint Book-Running Managers:
Citigroup Global Markets Inc. Credit Suisse Securities (USA) LLC J.P. Morgan Securities Inc. | |
| Senior Co-Managers:
Barclays Capital Inc. Merrill Lynch, Pierce, Fenner & Smith Incorporated Morgan Stanley & Co. Incorporated | ||
| Co-Managers:
Banc of America Securities LLC Lazard Capital Markets LLC SunTrust Robinson Humphrey, Inc. Wells Fargo Securities, LLC | ||
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 Citigroup Global Markets Inc., toll-free at (877) 858-5407, Credit Suisse Securities (USA) LLC toll-free at (800) 221-1037, or J.P. Morgan Securities Inc. collect at (212) 834-4533.
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.