fwp
Filed pursuant to Rule 433
Registration Statement Nos. 333-159335 and
333-159335-01
November 17, 2009
Final Term Sheet
TOTAL CAPITAL
(A wholly-owned subsidiary of TOTAL S.A.)
$300,000,000 Reopening of 3.125% Guaranteed Notes Due 2015
Guaranteed on an unsecured, unsubordinated basis by
TOTAL S.A.
     
Issuer
  Total Capital
 
   
Guarantee
  Payment of the principal of, premium, if any, and interest on the notes is guaranteed by TOTAL S.A.
 
   
Format
  SEC-registered global notes
 
   
Title
  3.125% Guaranteed Notes due 2015
 
   
Total principal amount being issued in the reopening
  $300,000,000
 
   
Further issue
  The notes will be fungible and form a single issue with Total Capital’s $1,000,000,000 aggregate principal amount of 3.125% Guaranteed Notes Due 2015, which were issued on October 2, 2009. The total aggregate principal amount of the 3.125% Guaranteed Notes Due 2015 following this reopening will be $1,300,000,000.
 
   
Reopening Price
  101.056%, plus accrued interest for the period from and including October 2, 2009 up to but excluding November 24, 2009, in the amount of approximately $4.51 per $1,000 principal amount of notes, or an aggregate amount of $1,354,167
 
   
Pricing date
  November 17, 2009
 
   
Expected settlement date
  November 24, 2009 (T+5)
 
   
Maturity date
  October 2, 2015, unless earlier redeemed
 
   
Optional redemption terms
  Make-whole call at Treasury Rate plus 15 basis points
 
   
 
  Tax call
 
   
Interest rate
  3.125% per annum

 


 

     
Benchmark Treasury
  2.375% due October 2014
 
   
Benchmark Treasury Price
  100-29+
 
   
Benchmark Treasury Yield
  2.177%
 
   
Spread to Benchmark Treasury
  +75bps
 
   
Yield to Maturity
  2.927%
 
   
Date interest starts accruing
  October 2, 2009
 
   
Interest due dates
  Each April 2 and October 2
 
   
First interest due date
  April 2, 2010
 
   
Regular record dates for interest
  Each March 18 and September 17
 
   
Trustee
  The Bank of New York Mellon
 
   
Listing
  None
 
   
Denominations
  $1,000 and increments of $1,000
 
   
Expected ratings of the notes
  Moody’s: Aa1/Stable
Standard & Poor’s: AA/Negative
 
   
CUSIP/ ISIN
  89152U AA0/ US89152UAA07
 
   
Selling restrictions
  European Economic Area, France, UK
 
   
Managers
  Goldman, Sachs & Co.
HSBC Securities (USA) Inc.
Note: Ratings are not a recommendation to purchase, hold or sell notes, inasmuch as the ratings do not comment as to market price or suitability for a particular investor. The ratings are based upon current information furnished to the rating agencies by Total Capital and TOTAL S.A. and information obtained by the rating agencies from other sources. The ratings are only accurate as of the date thereof and may be changed, superseded or withdrawn as a result of changes in, or unavailability of, such information, and therefore a prospective purchaser should check the current ratings before purchasing the notes. Each rating should be evaluated independently of any other rating.
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 IDEA 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 toll-free Goldman, Sachs & Co. at +1-866-471-2526 or HSBC Securities (USA) Inc. at +1-866-811-8049.