FWP 1 d309164dfwp.htm FREE WRITING PROSPECTUS FREE WRITING PROSPECTUS

Filed Pursuant to Rule 433

Registration Statement 333-239720

ORIX Corporation

US$500,000,000 Fixed Rate Senior Debt Securities Due 2032

 

Issuer:

    ORIX Corporation

Expected Security Ratings:*

    Moody’s: A3
   S&P: A-
   Fitch: A-

Issuer Ratings:*

    Moody’s: A3 (stable)
   S&P: A- (stable)
   Fitch: A- (stable)

Format:

    SEC Registered

Security Type:

    Senior Debt Securities

Ranking:

    Direct, unsecured and unsubordinated general obligations of the issuer

Currency:

    USD

Size:

    US$500,000,000

Coupon:

    4.000%, Fixed Rate

Net Proceeds before Expenses:

    US$496,120,000

Trade Date:

    April 6, 2022

Settlement Date:

    April 13, 2022 (T+5)

Maturity:

    April 13, 2032

Coupon Payment Dates:

    April 13 and October 13 of each year, beginning on October 13, 2022

Day Count Convention:

    30/360 (unadjusted)

Pricing Benchmark:

    1.875% due February 15, 2032

Benchmark Spot (Price/Yield):

    93-26 / 2.590%

Spread to Benchmark:

    T10+145bps

Issue Price:

    99.674% of the principal amount

Yield:

    4.040%

Business Days:

    New York, Tokyo

Minimum Denominations:

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

Listing:

    None

Billing & Delivering:

    J.P. Morgan Securities LLC

Joint Bookrunners:

    J.P. Morgan Securities LLC
   BofA Securities, Inc.
   Goldman Sachs & Co. LLC
   Morgan Stanley & Co. LLC
   Daiwa Capital Markets America Inc.
   Nomura Securities International, Inc.

Co-Managers**:

    Australia and New Zealand Banking Group Limited
   BNP Paribas
   Citigroup Global Markets Inc.
   Crédit Agricole Corporate and Investment Bank
   Deutsche Bank Securities Inc.
   Mizuho Securities USA LLC

CUSIP:

    686330AP6

ISIN:

    US686330AP65

 

* Note:

   A security rating is not a recommendation to buy, sell or hold securities and may be subject to revision, suspension or withdrawal at any time by the assigning rating agencies.
**   One or more of the underwriters may not be U.S.-registered broker-dealers. All sales of securities in the United States will be made by or through U.S.-registered broker-dealers, which may include affiliates of one or more of the underwriters.

This communication is intended for the sole use of the person to whom it is provided by us. This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction to any person to whom it is unlawful to make such offer or solicitation in such jurisdiction.

The issuer has filed a registration statement (including a base prospectus) and a preliminary prospectus supplement (together with the base prospectus, the “prospectus”) with the U.S. Securities and Exchange Commission, or the SEC, for the offering to which this communication relates. Before you invest, you should read the prospectus and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may obtain 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 LLC collect at 1-212-834-4533, BofA Securities, Inc. toll-free at 1-800-294-1322, Goldman Sachs & Co. LLC at 1-212-902-1171 (Prospectus Department), Morgan Stanley & Co. LLC toll-free at 1-866-718-1649, Daiwa Capital Markets America Inc. at 1-212-612-7000 or Nomura Securities International, Inc. toll-free at 1-800-638-2268.

No PRIIPs KID - No PRIIPs key information document (KID) has been prepared as not available to retail in EEA or U.K. See “Prohibition of Sales to EEA Retail Investors” and “Prohibition of Sales to U.K. Retail Investors” in the prospectus.