fwp
Filed pursuant to Rule 433
Registration Statements Nos. 333-159335 and
333-159335-01
January 21, 2011
Final Term Sheet
TOTAL CAPITAL
(A wholly-owned subsidiary of TOTAL S.A.)
$500,000,000 4.125% Guaranteed Notes Due 2021
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
  4.125% Guaranteed Notes due 2021
 
   
Total initial principal amount
being issued
  $500,000,000
 
   
Issue Price
  99.248%
 
   
Pricing date
  January 21, 2011
 
   
Expected settlement date
  January 28, 2011 (T+5)
 
   
Maturity date
  January 28, 2021, unless earlier redeemed
 
   
Day count
  30/360
 
   
Day count convention
  Following
 
   
Optional redemption terms
  Make-whole call at Treasury Rate plus 15 basis points
 
   
 
  Tax call at par
 
   
Interest rate
  4.125% per annum
 
   
Benchmark Treasury
  2.625% due November 2020
 
   
Benchmark Treasury Price
  93-14
 
   
Benchmark Treasury Yield
  3.418%
 
   
Spread to Benchmark Treasury
  80 bps
 
   
Yield to Maturity
  4.218%
 
   
Date interest starts accruing
  January 28, 2011

 


 

     
Interest payment dates
  Each January 28 and July 28
 
   
First interest payment date
  July 28, 2011
 
   
Regular record dates for interest
  Each January 13 and July 13
 
   
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
 
   
 
  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 The ratings are only accurate as of the date thereof and may be changed, superseded or withdrawn as a result of changes in, or unavailability of, such information, and therefore a prospective purchaser should check the current ratings before purchasing the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.
 
   
CUSIP/ ISIN
  89152U AF9
 
   
 
  US89152UAF93
 
   
Selling restrictions
  European Economic Area, France, UK, Canada
 
   
Managers
  Credit Suisse Securities (USA) LLC
Merrill Lynch, Pierce, Fenner & Smith Incorporated
Morgan Stanley & Co. Incorporated
RBS Securities Inc.
UBS 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 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 Credit Suisse Securities (USA) LLC at 1-800-221-1037, Merrill Lynch, Pierce, Fenner & Smith Incorporated at 1-800-294-1322, Morgan Stanley & Co. Incorporated at 1-866-718-1649, RBS Securities Inc. at 1-866-884-2071 and UBS Securities LLC at 1-877-827-6444 ext. 561 3884.