Title of
Security
|
CUSIP/ISIN
Number(s)
|
Issuer / Offeror
|
Principal Amount Outstanding
|
Acceptance
Priority Level
|
Reference U.S. Treasury
Security(1)
|
Bloomberg
Reference
Page
|
Fixed
Spread
(basis points)(1)
|
Early Tender
Premium(2)
|
3.875% Notes
due 2025
|
110122DC9/
110122BN7/
U11009AN4
|
Bristol
Myers
Squibb
|
$1,822,221,000
|
1
|
2.000% due August 15, 2025
|
FIT5
|
30
|
$50
|
3.875% Notes
due 2025
|
151020AS3
|
Celgene
|
$ 103,050,000
|
1
|
2.000% due August 15, 2025
|
FIT5
|
30
|
$50
|
Title of
Security
|
CUSIP/ISIN
Number(s)
|
Issuer / Offeror
|
Principal Amount
Outstanding
|
Acceptance
Priority Level
|
Reference U.S. Treasury
Security(1)
|
Bloomberg
Reference
Page
|
Fixed
Spread
(basis points)(1)
|
Early Tender
Premium(2)
|
3.200% Notes
due 2026
|
110122CN6/
110122CA4/
U11009BA1
|
Bristol
Myers
Squibb
|
$2,250,000,000
|
1
|
2.125% due May 31, 2026
|
FIT6
|
15
|
$50
|
Title of
Security
|
CUSIP/ISIN
Number(s)
|
Issuer / Offeror
|
Principal Amount
Outstanding
|
Acceptance
Priority Level
|
Reference U.S. Treasury
Security(1)
|
Bloomberg
Reference
Page
|
Fixed
Spread
(basis points)(1)
|
Early Tender
Premium(2)
|
3.450% Notes
due 2027*
|
110122DD7/
110122BP2/
U11009AP9
|
Bristol
Myers
Squibb
|
$961,528,000
|
1
|
1.500% due January 31, 2027
|
FIT1
|
45
|
$50
|
3.450% Notes
due 2027*
|
151020AY0
|
Celgene
|
$ 38,467,000
|
1
|
1.500% due January 31, 2027
|
FIT1
|
45
|
$50
|
3.250% Notes
due 2027
|
110122BB3
|
Bristol
Myers
Squibb
|
$750,000,000
|
2
|
1.500% due January 31, 2027
|
FIT1
|
40
|
$50
|
Title of
Security
|
CUSIP/ISIN
Number(s)
|
Issuer / Offeror
|
Principal Amount
Outstanding
|
Acceptance
Priority Level
|
Reference U.S. Treasury
Security(1)
|
Bloomberg
Reference
Page
|
Fixed
Spread
(basis points)(1)
|
Early Tender
Premium(2)
|
3.400% Notes
due 2029*
|
110122CP1/
110122CB2/
U11009BB9
|
Bristol
Myers
Squibb
|
$4,000,000,000
|
1
|
1.875% due February 15, 2032
|
FIT1
|
57
|
$50
|
Title of
Security
|
CUSIP/ISIN
Number(s)
|
Issuer / Offeror
|
Principal Amount Outstanding
|
Acceptance
Priority Level
|
Reference U.S. Treasury
Security(1)
|
Bloomberg
Reference
Page
|
Fixed
Spread
(basis points)(1)
|
Early Tender
Premium(2)
|
6.875% Notes
due 2097
|
110122AC2
|
Bristol
Myers
Squibb
|
$ 85,727,000
|
1
|
1.875% due November 15, 2051
|
FIT1
|
195
|
$50
|
5.700% Notes
due 2040
|
110122DF2/
110122BR8/
U11009AR5
|
Bristol
Myers
Squibb
|
$ 188,880,000
|
2
|
2.000% due November 15, 2041
|
FIT1
|
126
|
$50
|
5.700% Notes
due 2040
|
151020AF1
|
Celgene
|
$ 3,849,000
|
2
|
2.000% due November 15, 2041
|
FIT1
|
126
|
$50
|
5.250% Notes
due 2043
|
110122DG0/
110122BS6/
U11009AS3
|
Bristol
Myers
Squibb
|
$ 274,303,000
|
3
|
2.000% due November 15, 2041
|
FIT1
|
126
|
$50
|
5.250% Notes
due 2043
|
151020AL8
|
Celgene
|
$ 5,890,000
|
3
|
2.000% due November 15, 2041
|
FIT1
|
126
|
$50
|
5.000% Notes
due 2045*
|
110122DJ4/
110122BU1/
U11009AU8
|
Bristol
Myers
Squibb
|
$1,733,461,000
|
4
|
2.000% due November 15, 2041
|
FIT1
|
113
|
$50
|
5.000% Notes
due 2045*
|
151020AU8
|
Celgene
|
$ 34,749,000
|
4
|
2.000% due November 15, 2041
|
FIT1
|
113
|
$50
|
4.500% Notes
due 2044*
|
110122AX6
|
Bristol
Myers
Squibb
|
$ 500,000,000
|
5
|
2.000% due November 15, 2041
|
FIT1
|
105
|
$50
|
4.550% Notes
due 2048*
|
110122DL9/
110122BW7/
U11009AW4
|
Bristol
Myers
Squibb
|
$1,447,340,000
|
6
|
1.875% due November 15, 2051
|
FIT1
|
118
|
$50
|
4.550% Notes
due 2048*
|
151020AZ7
|
Celgene
|
$ 38,440,000
|
6
|
1.875% due November 15, 2051
|
FIT1
|
118
|
$50
|
4.250% Notes
due 2049*
|
110122CR7/
110122CD8/
U11009BD5
|
Bristol
Myers
Squibb
|
$3,750,000,000
|
7
|
1.875% due November 15, 2051
|
FIT1
|
116
|
$50
|
4.625% Notes
due 2044*
|
110122DH8/
110122BT4/
U11009AT1
|
Bristol
Myers
Squibb
|
$ 744,719,000
|
8
|
2.000% due November 15, 2041
|
FIT1
|
105
|
$50
|
4.625% Notes
due 2044*
|
151020AM6
|
Celgene
|
$ 3,691,000
|
8
|
2.000% due November 15, 2041
|
FIT1
|
105
|
$50
|
4.350% Notes
due 2047*
|
110122DK1/
110122BV9/
U11009AV6
|
Bristol
Myers
Squibb
|
$1,236,433,000
|
9
|
1.875% due November 15, 2051
|
FIT1
|
117
|
$50
|
4.350% Notes
due 2047*
|
151020AW4
|
Celgene
|
$ 13,567,000
|
9
|
1.875% due November 15, 2051
|
FIT1
|
117
|
$50
|
(1) |
The Total Consideration (as defined below) for each series of Notes will be based on the fixed spread for the applicable series of Notes plus the yield of the
specified Reference U.S. Treasury Security for that series as of 9:00 a.m. (New York City time) on March 2, 2022, unless extended with respect to any Offer (as defined below) (such date and time with respect to an Offer, as the same may be
extended with respect to such Offer, the “Price Determination Date”). The Total Consideration does not include the applicable Accrued Coupon Payment (as defined below), which will be payable in cash in addition to the applicable Total
Consideration. For the avoidance of doubt, the Early Tender Premium is included in the Total Consideration calculated based on the fixed spread for the applicable series of Notes and is not in addition to the Total Consideration.
|
(2) |
Payable, as part of the applicable Total Consideration, per each $1,000 principal amount of the specified series of Notes validly tendered at or prior to the
applicable Early Tender Deadline (as defined below) and accepted for purchase (the “Early Tender Premium”). The total consideration for each $1,000 principal amount of each series of Notes validly tendered at or prior to the applicable
Early Tender Deadline (including the Early Tender Premium) is referred to as the “Total Consideration” for such series. Holders of Notes (each, a “Holder” and collectively, “Holders”) who validly tender Notes of a series after the
applicable Early Tender Deadline, but at or prior to the applicable Expiration Date (as defined below), will receive the tender consideration for any such series accepted for purchase by the applicable Offeror, which is equal to the Total
Consideration minus the Early Tender Premium (with respect to such series, the “Tender Consideration”).
|
* |
Denotes a series of Notes for which the Total Consideration and the Tender Consideration will be determined taking into account the par call date, instead of the
maturity date, of the Notes of such series in accordance with standard market practice.
|
•
|
Notes may be validly withdrawn at any time at or prior to 5:00 p.m. (New York City time) on March 1, 2022, (such date and
time with respect to an Offer, as the same may be extended with respect to such Offer), but not thereafter, unless extended with respect to any Offer. Holders should not tender any Notes that they do not wish to be accepted for purchase.
|
•
|
Subject to the satisfaction or waiver of the Financing Condition and the other conditions of the Offers, the Acceptance
Priority Procedures will operate concurrently, but separately, for the 2025 Pool Notes, 2026 Pool Notes, 2027 Pool Notes, 2029 Pool Notes and High Coupon Pool Notes, in each case subject to proration as described in the Offer to Purchase.
|
•
|
first, if the
aggregate cash purchase price (excluding the applicable Accrued Coupon Payments) of all 2025 Pool Notes, 2026 Pool Notes, 2027 Pool Notes, 2029 Pool Notes
or High Coupon Pool Notes, as applicable, validly tendered at or prior to the applicable Early Tender Deadline by Holders does not exceed the applicable pool maximum, then the applicable Offeror will accept all such Notes. However, if the
aggregate cash purchase price (excluding the applicable Accrued Coupon Payments) of all 2025 Pool Notes, 2026 Pool Notes, 2027 Pool Notes, 2029 Pool Notes or High Coupon Pool Notes, as applicable, validly tendered at or prior to the
applicable Early Tender Deadline by Holders exceeds the applicable pool maximum, then the Offerors will (i) accept such Notes for purchase for cash, starting at the highest acceptance priority level (level 1) and, if there is more than
one priority level, moving sequentially to each lower acceptance priority level (the lowest of which is level 2 in the case of the 2027 Pool Offers and level 9 in the case of the High Coupon Pool Offers; the 2025 Pool Offers, 2026 Pool
Offers and 2029 Pool Offers have only one priority level), until the aggregate cash purchase price (excluding the applicable Accrued Coupon Payments) of such Notes equals the applicable pool maximum, (ii) prorate the series of such Notes
with the lowest acceptance priority level accepted for purchase for cash (including equal proration between Notes having the same priority but different Offerors) and (iii) not accept for purchase for cash (x) any such Notes of a series
with an acceptance priority level below the prorated series or (y) any 2025 Pool Notes, 2026 Pool Notes, 2027 Pool Notes, 2029 Pool Notes or High Coupon Pool Notes, as applicable, validly tendered after the applicable Early Tender
Deadline; and
|
•
|
second, if the
applicable pool maximum is not exceeded at the applicable Early Tender Deadline, the Offerors will repeat the steps described in the prior bullet with respect to all 2025 Pool Notes, 2026 Pool Notes, 2027 Pool Notes, 2029 Pool Notes or
High Coupon Pool Notes, as applicable, validly tendered after the applicable Early Tender Deadline, but at or prior to the applicable Expiration Date, in order to determine the aggregate principal amount of such Notes that the applicable
Offeror will accept for purchase in the 2025 Pool Offers, the 2026 Pool Offers, the 2027 Pool Offers, the 2029 Pool Offers or the High Coupon Pool Offers, as applicable.
|
•
|
All 2025 Pool Notes, regardless of acceptance priority level, that are validly tendered at or prior to the applicable Early
Tender Deadline will have priority over 2025 Pool Notes validly tendered after the applicable Early Tender Deadline and at or prior to the applicable Expiration Date.
|
•
|
All 2026 Pool Notes, regardless of acceptance priority level, that are validly tendered at or prior to the applicable Early
Tender Deadline will have priority over 2026 Pool Notes validly tendered after the applicable Early Tender Deadline and at or prior to the applicable Expiration Date.
|
•
|
All 2027 Pool Notes, regardless of acceptance priority level, that are validly tendered at or prior to the applicable Early
Tender Deadline will have priority over 2027 Pool Notes validly tendered after the applicable Early Tender Deadline and at or prior to the applicable Expiration Date.
|
•
|
All 2029 Pool Notes, regardless of acceptance priority level, that are validly tendered at or prior to the applicable Early
Tender Deadline will have priority over 2029 Pool Notes validly tendered after the applicable Early Tender Deadline and at or prior to the applicable Expiration Date.
|
•
|
All High Coupon Pool Notes, regardless of acceptance priority level, that are validly tendered at or prior to the applicable
Early Tender Deadline will have priority over High Coupon Pool Notes validly tendered after the applicable Early Tender Deadline and at or prior to the applicable Expiration Date
|