0001193125-18-241280.txt : 20180807 0001193125-18-241280.hdr.sgml : 20180807 20180807170605 ACCESSION NUMBER: 0001193125-18-241280 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20180807 DATE AS OF CHANGE: 20180807 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: BERKSHIRE HATHAWAY FINANCE CORP CENTRAL INDEX KEY: 0001274791 STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331] IRS NUMBER: 450524698 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-209122-01 FILM NUMBER: 18998955 BUSINESS ADDRESS: STREET 1: 1440 KIEWITT PLAZA CITY: OMAHA STATE: NE ZIP: 68131 BUSINESS PHONE: 4023461400 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BERKSHIRE HATHAWAY INC CENTRAL INDEX KEY: 0001067983 STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331] IRS NUMBER: 470813844 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 3555 FARNAM STREET CITY: OMAHA STATE: NE ZIP: 68131 BUSINESS PHONE: 4023461400 MAIL ADDRESS: STREET 1: 3555 FARNAM STREET CITY: OMAHA STATE: NE ZIP: 68131 FORMER COMPANY: FORMER CONFORMED NAME: NBH INC DATE OF NAME CHANGE: 19980810 FWP 1 d571450dfwp.htm FWP FWP

Filed Pursuant to Rule 433

Registration Statement No. 333-209122

Registration Statement No. 333-209122-01

Pricing Term Sheet

BERKSHIRE HATHAWAY FINANCE CORPORATION

Pricing Term Sheet

$2,350,000,000 4.200% Senior Notes due 2048

 

    Issuer:

   

Berkshire Hathaway Finance Corporation

    Guarantor:

   

Berkshire Hathaway Inc.

    Offering Format:

   

SEC Registered

    Trade Date:

   

August 7, 2018

    Settlement Date:

   

August 15, 2018 (T+6)

    Expected Ratings* (Moodys / S&P):

   

Aa2 / AA

4.200% Senior Notes due 2048   

    Principal Amount:

   

$2,350,000,000

    Maturity Date:

   

August 15, 2048

    Issue Price (Price to Public):

   

99.493% of face amount

    Gross Spread:

   

75 bps

    Proceeds to Issuer:

   

$2,320,460,500

    Interest Rate:

   

4.200% per annum

    Benchmark Treasury:

   

3.00% due February 15, 2048

    Benchmark Treasury Yield:

   

3.130%

    Spread to Benchmark Treasury:

   

+110 bps

    Yield to Maturity:

   

4.230%

    Day Count Convention:

    30/360
   If any date on which interest is payable on the notes is not a business day, then payment of the interest payable on such date will be made on the next succeeding day that is a business day (and without any interest or other payment in respect of any such delay) with the same force and effect as if made on such interest payment date.

    Interest Payment Dates:

    Each February 15 and August 15, commencing February 15, 2019

    Optional Redemption Provisions:

   

        Make-Whole Call:

    Prior to February 15, 2048, make-whole call for scheduled payments that would be due if the notes matured on the Par Call date at Treasury +20 bps

        Par Call:

    On or after February 15, 2048

    Minimum Denomination:

    $2,000 and integral multiples of $1,000 in excess thereof

    CUSIP:

    084664 CQ2

    ISIN:

    US084664CQ25

 

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Other Information   

    Joint Book-Running Managers:

   

Goldman Sachs & Co. LLC

Merrill Lynch, Pierce, Fenner & Smith

                      Incorporated

Wells Fargo Securities, LLC

*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

Settlement Period: The closing will occur on August 15, 2018, which will be more than two U.S. business days after the date of this pricing term sheet. Rule 15c6-1 under the Securities Exchange Act of 1934 generally requires that securities trades in the secondary market settle in two business days, unless the parties to a trade expressly agree otherwise.

Each of the issuer and the guarantor 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 and the guarantor have filed with the SEC for more complete information about the issuer, the guarantor 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 Goldman Sachs & Co. LLC toll-free at (866) 471-2526, Merrill Lynch, Pierce, Fenner & Smith Incorporated toll-free at (800) 294-1322 or Wells Fargo Securities, LLC toll-free at (800) 645-3751.

 

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