0001193125-12-492342.txt : 20121206 0001193125-12-492342.hdr.sgml : 20121206 20121205174900 ACCESSION NUMBER: 0001193125-12-492342 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20121206 DATE AS OF CHANGE: 20121205 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: NetApp, Inc. CENTRAL INDEX KEY: 0001002047 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER STORAGE DEVICES [3572] IRS NUMBER: 770307520 STATE OF INCORPORATION: CA FISCAL YEAR END: 0426 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-185217 FILM NUMBER: 121244653 BUSINESS ADDRESS: STREET 1: 495 EAST JAVA DR CITY: SUNNYVALE STATE: CA ZIP: 94089 BUSINESS PHONE: 4088226000 MAIL ADDRESS: STREET 1: 495 EAST JAVA DR CITY: SUNNYVALE STATE: CA ZIP: 94089 FORMER COMPANY: FORMER CONFORMED NAME: NETWORK APPLIANCE INC DATE OF NAME CHANGE: 19951010 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: NetApp, Inc. CENTRAL INDEX KEY: 0001002047 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER STORAGE DEVICES [3572] IRS NUMBER: 770307520 STATE OF INCORPORATION: CA FISCAL YEAR END: 0426 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 495 EAST JAVA DR CITY: SUNNYVALE STATE: CA ZIP: 94089 BUSINESS PHONE: 4088226000 MAIL ADDRESS: STREET 1: 495 EAST JAVA DR CITY: SUNNYVALE STATE: CA ZIP: 94089 FORMER COMPANY: FORMER CONFORMED NAME: NETWORK APPLIANCE INC DATE OF NAME CHANGE: 19951010 FWP 1 d446888dfwp.htm FREE WRITING PROSPECTUS Free Writing Prospectus

Filed pursuant to Rule 433

Registration No. 333-185217

Issuer Free Writing Prospectus dated December 5, 2012

Relating to Preliminary Prospectus Supplement dated December 5, 2012

 

LOGO

NETAPP, INC.

Pricing Term Sheet

2.000% Senior Notes due 2017

3.250% Senior Notes due 2022

 

Issuer:    NetApp, Inc.
Format:    SEC Registered
Title:   

2.000% Senior Notes due 2017 (the “2017 Notes”)

3.250% Senior Notes due 2022 (the “2022 Notes”)

Principal Amount:   

2017 Notes: $750,000,000

2022 Notes: $250,000,000

Maturity:   

2017 Notes: December 15, 2017

2022 Notes: December 15, 2022

Coupon:   

2017 Notes: 2.000%

2022 Notes: 3.250%

Ratings*:   

Baa1 by Moody’s Investor Service, Inc.

BBB+ by Standard & Poor’s Ratings Services

Price to Public:   

2017 Notes: 99.494% of face amount

2022 Notes: 99.206% of face amount

Yield to Maturity:   

2017 Notes: 2.107%

2022 Notes: 3.344%

Spread to Benchmark Treasury:   

2017 Notes: T+150 bps

2022 Notes: T+175 bps

Benchmark Treasury:   

2017 Notes: 0.625% due November 30, 2017

2022 Notes: 1.625% due November 15, 2022

Benchmark Treasury Yield:   

2017 Notes: 0.607%

2022 Notes: 1.594%

Interest Payments:    Semi-annually on June 15 and December 15, commencing June 15, 2013
Make-Whole Call:   

2017 Notes: At any time prior to maturity, at a discount rate of Treasury plus 25 basis points

2022 Notes: At any time prior to September 15, 2022, at a discount rate of Treasury plus 30 basis points

Par Call:   

2017 Notes: None

2022 Notes: On or after September 15, 2022

Trade Date:    December 5, 2012
Settlement Date (T+5)**:    December 12, 2012
CUSIP/ISIN:   

2017 Notes: 64110D AC8 / US64110DAC83

2022 Notes: 64110D AD6 / US64110DAD66

Joint Bookrunners:   

J.P. Morgan Securities LLC

Morgan Stanley & Co. LLC

Co-Managers:   

Citigroup Global Markets Inc.

Goldman, Sachs & Co.

Merrill Lynch, Pierce, Fenner & Smith

                     Incorporated

Wells Fargo Securities, LLC

 

* A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.
** Delivery of the notes is expected to be made against payment therefor on or about the settlement date specified above, which will be the fifth business day following the date of this term sheet. Under Rule 15c6-1 of the Securities and Exchange Commission (“SEC”) under the Securities Exchange Act of 1934, trades in the secondary market generally are required to settle in three business days unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade the notes on the date of this term sheet or the following business day will be required, by virtue of the fact that the notes initially will settle in T+5, to specify an alternate settlement cycle at the time of any such trade to prevent a failed settlement. Purchasers of the notes who wish to trade the notes on the date of this term sheet or the following business day should consult their own advisor.

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 these documents upon request by contacting any of J.P. Morgan Securities LLC at 212-834-4533 or Morgan Stanley & Co. LLC at 866-718-1649.

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