-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, PZxzu3Q4ojUY6SLaRrnhbOzH2HRG3gUBG6OkkOJwC1iuh0DLdCU24AB/X9jHWQF2 DQLKtX9juEcPxUnk7UtvHA== 0001104659-10-045757.txt : 20100824 0001104659-10-045757.hdr.sgml : 20100824 20100824172013 ACCESSION NUMBER: 0001104659-10-045757 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20100824 DATE AS OF CHANGE: 20100824 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: YUM BRANDS INC CENTRAL INDEX KEY: 0001041061 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-EATING PLACES [5812] IRS NUMBER: 133951308 STATE OF INCORPORATION: NC FISCAL YEAR END: 1120 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-160941 FILM NUMBER: 101035822 BUSINESS ADDRESS: STREET 1: 1441 GARDINER LANE CITY: LOUISVILLE STATE: KY ZIP: 40213 BUSINESS PHONE: 5028748300 MAIL ADDRESS: STREET 1: 1900 COLONEL SANDERS LANE CITY: LOUISVILLE STATE: KY ZIP: 40213 FORMER COMPANY: FORMER CONFORMED NAME: TRICON GLOBAL RESTAURANTS INC DATE OF NAME CHANGE: 19970627 FORMER COMPANY: FORMER CONFORMED NAME: GREAT AMERICAN RESTAURANT CO DATE OF NAME CHANGE: 19970618 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: YUM BRANDS INC CENTRAL INDEX KEY: 0001041061 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-EATING PLACES [5812] IRS NUMBER: 133951308 STATE OF INCORPORATION: NC FISCAL YEAR END: 1120 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 1441 GARDINER LANE CITY: LOUISVILLE STATE: KY ZIP: 40213 BUSINESS PHONE: 5028748300 MAIL ADDRESS: STREET 1: 1900 COLONEL SANDERS LANE CITY: LOUISVILLE STATE: KY ZIP: 40213 FORMER COMPANY: FORMER CONFORMED NAME: TRICON GLOBAL RESTAURANTS INC DATE OF NAME CHANGE: 19970627 FORMER COMPANY: FORMER CONFORMED NAME: GREAT AMERICAN RESTAURANT CO DATE OF NAME CHANGE: 19970618 FWP 1 a10-16246_3fwp.htm FWP

 

 

Filed Pursuant to Rule 433

Registration Statement No. 333-160941

Dated August 24, 2010

 

PRICING TERM SHEET

 

3.875% Senior Notes due 2020

 

Issuer:

Yum! Brands, Inc.

Ratings:

Moody’s: Baa3 (stable) / S&P: BBB- (stable) / Fitch: BBB- (positive)

Format:

SEC Registered

Ranking:

Senior Unsecured

Offering Size:

$350,000,000

Trade Date:

August 24, 2010

Settlement Date:

August 31, 2010 (T+5)

Maturity Date:

November 1, 2020

Interest Payment Dates:

Payable semi-annually in arrears on May 1 and November 1

First Pay Date:

May 1, 2011

Treasury Benchmark:

UST 2.625% due August 15, 2020

UST Spot (PX / Yield):

101-06 / 2.490%

Re-offer Spread to UST:

140 bps

Re-offer Yield to Maturity:

3.890%

Coupon:

3.875%

Issue Price:

99.867%

Net Proceeds to Issuer:

$347,259,500

Day Count Basis:

30 / 360

Make-Whole Call:

Make Whole + 20 bps (before three months prior to the maturity date)

Par Call:

Within three months prior to the maturity date

CUSIP:

988498 AG6

Bookrunners:

J.P. Morgan Securities Inc., Citigroup Global Markets Inc., Goldman, Sachs & Co.

 

Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.

 

The issuer has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (“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 J.P. Morgan Securities Inc. collect at 1-212-834-4533, Citigroup Global Markets Inc. toll free at 1-877-858-5407 or Goldman, Sachs & Co. toll free at 1-866-471-2526.

 

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