-----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, CizaJKOOjX3JtO1YwbLfFjRrAOMxO+cjqpKOT8Im2yt3yChsC5ZaVbOy93z0mwh+ pdeQKi591ckC8eejLF/rfQ== 0000950152-09-002490.txt : 20090311 0000950152-09-002490.hdr.sgml : 20090311 20090311170719 ACCESSION NUMBER: 0000950152-09-002490 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20090311 DATE AS OF CHANGE: 20090311 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: EATON CORP CENTRAL INDEX KEY: 0000031277 STANDARD INDUSTRIAL CLASSIFICATION: MISC INDUSTRIAL & COMMERCIAL MACHINERY & EQUIPMENT [3590] IRS NUMBER: 340196300 STATE OF INCORPORATION: OH FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-157597 FILM NUMBER: 09673173 BUSINESS ADDRESS: STREET 1: EATON CTR STREET 2: 1111 SUPERIOR AVE CITY: CLEVELAND STATE: OH ZIP: 44114-2584 BUSINESS PHONE: 2165235000 MAIL ADDRESS: STREET 1: 1111 SUPERIOR AVENUE CITY: CLEVELAND STATE: OH ZIP: 44114 FORMER COMPANY: FORMER CONFORMED NAME: EATON YALE & TOWNE INC DATE OF NAME CHANGE: 19710822 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: EATON CORP CENTRAL INDEX KEY: 0000031277 STANDARD INDUSTRIAL CLASSIFICATION: MISC INDUSTRIAL & COMMERCIAL MACHINERY & EQUIPMENT [3590] IRS NUMBER: 340196300 STATE OF INCORPORATION: OH FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: EATON CTR STREET 2: 1111 SUPERIOR AVE CITY: CLEVELAND STATE: OH ZIP: 44114-2584 BUSINESS PHONE: 2165235000 MAIL ADDRESS: STREET 1: 1111 SUPERIOR AVENUE CITY: CLEVELAND STATE: OH ZIP: 44114 FORMER COMPANY: FORMER CONFORMED NAME: EATON YALE & TOWNE INC DATE OF NAME CHANGE: 19710822 FWP 1 l35831afwp.htm FORM FWP FORM FWP
Free Writing Prospectus
Filed Pursuant to Rule 433
Registration Statement No. 333-157597
March 11, 2009
Final Term Sheet for
5.95% Notes due 2014
6.95% Notes due 2019
     
Issuer:
  Eaton Corporation
 
    
Securities Title:
  5.95% Notes due 2014
 
  6.95% Notes due 2019
 
    
Expected Ratings:
  A3 / A- / A-
 
    
Ranking:
  Senior Unsecured
 
    
Principal Amount:
  $250 million of 2014 Notes
 
  $300 million of 2019 Notes
 
    
Pricing Date:
  March 11, 2009
 
    
Expected Settlement Date:
  T+3; March 16, 2009
 
    
Maturity Date:
  March 20, 2014 for 2014 Notes
 
  March 20, 2019 for 2019 Notes
 
    
Price to Public:
  99.965% of principal amount of 2014 Notes
 
  99.494% of principal amount of 2019 Notes
 
    
Coupon:
  5.95% per annum for 2014 Notes
 
  6.95% per annum for 2019 Notes
 
    
Interest Payment Dates:
  Semi-annually on March 20 and September 20, commencing on September 20, 2009 and ending on the Maturity Date
 
    
Interest Payment Record Dates:
  March 5 and September 5 immediately preceding the applicable Interest Payment Date
 
    
Benchmark Treasury:
  1.875% due February 28, 2014 for 2014 Notes
 
  2.750% due February 15, 2019 for 2019 Notes
 
    
Benchmark Treasury Yield:
  1.958% for 2014 Notes
 
  2.921% for 2019 Notes
 
    
Benchmark Treasury Price:
  99-19+ for 2014 Notes
 
  98-17 for 2019 Notes
 
    
Spread to Benchmark Treasury:
  Plus 400 basis points for 2014 Notes
 
  Plus 410 basis points for 2019 Notes
 
    
Yield to Maturity:
  5.958% for 2014 Notes
 
  7.021% for 2019 Notes

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Make-Whole Call:
  Treasury rate plus 50 basis points for 2014 Notes
 
  Treasury rate plus 50 basis points for 2019 Notes
 
    
Day Count:
  30/360
 
    
Minimum Denominations:
  $2,000 and integral multiples of $1,000 in excess thereof
 
    
Joint Book-Running Managers:
  Banc of America Securities LLC
 
  Goldman, Sachs & Co.
 
  UBS Securities LLC
 
    
Cusip:
  278058 DG4 for 2014 Notes
 
  278058 DH2 for 2019 Notes
A securities rating is not a recommendation to buy, sell or hold these notes. Each rating may be subject to revision or withdrawal at any time, and should be evaluated independently of any other rating.
The issuer has filed a registration statement (including a prospectus) with the SEC for the offerings 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 Banc of America Securities LLC toll-free 1-800-294-1322, Goldman, Sachs & Co. at 1-866-471-2526 or UBS Securities LLC at 1-877-827-6444 (ext 561-3884).

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