Issuer Free Writing Prospectus
Filed by: Eastman Chemical Company
Pursuant to Rule 433 under the Securities Act of 1933
Registration Statement on Form S-3: No. 333-159259
Eastman Chemical Company
Pricing Term Sheet
$250,000,000 5.500% Notes due 2019
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Issuer:
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Eastman Chemical Company
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Security Type:
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Senior Unsecured Notes
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Ratings:*
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Baa2/BBB/BBB
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Pricing Date:
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October 28, 2009
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Settlement Date:
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November 2, 2009 (T+3)
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Principal Amount:
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US $250,000,000
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Maturity:
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November 15, 2019
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Benchmark:
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3.625% notes due August 15, 2019
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Benchmark Yield:
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3.413% |
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Re-Offer Spread to Benchmark:
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T+210 bps
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Coupon:
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5.500% |
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Price to Public:
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99.898% |
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Yield to Maturity:
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5.513% |
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Interest Payment Dates:
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May 15 and November 15, commencing May 15, 2010
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Optional Redemption:
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At any time at discount rate of Treasury + 30 bps
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CUSIP/ISIN:
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277432AH3/US277432AH37
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Joint-Bookrunners:
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Citigroup Global Markets Inc.
J.P. Morgan Securities Inc.
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Co-managers:
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RBS Securities Inc.
Deutsche Bank Securities Inc.
Wells Fargo Securities, LLC
Banc of America Securities LLC
Barclays Capital Inc.
HSBC Securities (USA) Inc.
Mitsubishi UFJ Securities (USA), Inc.
Mizuho Securities USA Inc.
SunTrust Robinson Humphrey, Inc.
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* Note: 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 base prospectus) and a prospectus
supplement with the U.S. Securities and Exchange Commission (SEC) for the offering to which this
communication relates. Before you invest, you should read the prospectus supplement for this
offering, the issuer’s prospectus in that registration statement and any 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 searching the SEC online database (EDGAR) on the SEC web site at
http://www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the
offering will arrange to send you the prospectus supplement and prospectus if you request it by
calling Citigroup Global Markets Inc. toll-free at 1-877-858-5407 or J.P. Morgan Securities Inc.
collect at 212-834-4533.
This pricing term sheet supplements the preliminary prospectus supplement issued by Eastman
Chemical Company on October 28, 2009 relating to its prospectus dated May 15, 2009.
Any disclaimer or other notice that may appear below is not applicable to this communication and
should be disregarded. Such disclaimer or notice was automatically generated as a result of this
communication being sent by Bloomberg or another email system.