FWP 1 d391918dfwp.htm FWP FWP

Filed pursuant to Rule 433

Registration No. 333-207633

Issuer Free Writing Prospectus dated May 8, 2017

Relating to Preliminary Prospectus Supplement dated May 8, 2017

 

LOGO

Term Sheet

May 8, 2017

 

Issuer:

    Intel Corporation

Anticipated Ratings:*

    A1 (Moody’s)/A+ (S&P)/A+ (Fitch)

Security Type:

    SEC Registered

Trade Date:

    May 8, 2017

Expected Settlement Date:

    May 11, 2017 (T+3)

Use of proceeds:

    General corporate purposes, which may include refinancing of outstanding debt or share repurchases
Floating Rate Notes due 2020

Size:

    $700,000,000

Maturity Date:

    May 11, 2020

Coupon:

    Three-month LIBOR plus 8 bps

Interest Payment Dates:

    February 11, May 11, August 11 and November 11, commencing on August 11, 2017

Price to Public:

    100.000%

Optional redemption:

    None

CUSIP/ISIN:

    458140BA7/US458140BA73
Floating Rate Notes due 2022

Size:

    $800,000,000

Maturity Date:

    May 11, 2022

Coupon:

    Three-month LIBOR plus 35 bps

Interest Payment Dates:

    February 11, May 11, August 11 and November 11, commencing on August 11, 2017

Price to Public:

    100.000%

Optional redemption:

    None

CUSIP/ISIN:

    458140BC3/US458140BC30

1.850% Senior Notes due 2020

Size:

    $1,000,000,000

Maturity Date:

    May 11, 2020

Coupon:

    1.850%

Interest Payment Dates:

    May 11 and November 11 commencing on November 11, 2017

Price to Public:

    99.962%

Benchmark Treasury:

    UST 1.500% due April 15, 2020

Benchmark Treasury Yield:

    1.533%

Spread to Benchmark Treasury:

    +33 bps

Yield:

    1.863%

Make-Whole Call:

    T+5 bps for any redemption prior to maturity

Par Call:

    None

CUSIP/ISIN:

    458140AZ3/US458140AZ34
2.350% Senior Notes due 2022

Size:

    $750,000,000

Maturity Date:

    May 11, 2022

Coupon:

    2.350%

Interest Payment Dates:

    May 11 and November 11 commencing on November 11, 2017

Price to Public:

    99.939%

Benchmark Treasury:

    UST 1.875% due April 30, 2022

Benchmark Treasury Yield:

    1.913%

Spread to Benchmark Treasury:

    +45 bps

Yield:

    2.363%

Make-Whole Call:

    T+10 bps for any redemption prior to April 11, 2022

Par Call:

    On or after April 11, 2022

CUSIP/ISIN:

    458140BB5/US458140BB56
2.875% Senior Notes due 2024

Size:

    $1,250,000,000

Maturity Date:

    May 11, 2024

Coupon:

    2.875%

Interest Payment Dates:

    May 11 and November 11 commencing on November 11, 2017

Price to Public:

    99.975%

Benchmark Treasury:

    UST 2.000% due April 30, 2024

Benchmark Treasury Yield:

    2.199%

Spread to Benchmark Treasury:

    +68 bps

Yield:

    2.879%

Make-Whole Call:

    T+12.5 bps for any redemption prior to March 11, 2024

Par Call:

    On or after March 11, 2024

CUSIP/ISIN:

    458140BD1/US458140BD13

3.150% Senior Notes due 2027

Size:

    $1,000,000,000

Maturity Date:

    May 11, 2027

Coupon:

    3.150%

Interest Payment Dates:

    May 11 and November 11 commencing on November 11, 2017

Price to Public:

    99.668%

Benchmark Treasury:

    UST 2.250% due February 15, 2027

Benchmark Treasury Yield:

    2.389%

Spread to Benchmark Treasury:

    +80 bps

Yield:

    3.189%

Make-Whole Call:

    T+15 bps for any redemption prior to February 11, 2027

Par Call:

    On or after February 11, 2027

CUSIP/ISIN:

    458140AX8/US458140AX85
4.100% Senior Notes due 2047

Size:

    $1,000,000,000

Maturity Date:

    May 11, 2047

Coupon:

    4.100%

Interest Payment Dates:

    May 11 and November 11 commencing on November 11, 2017

Price to Public:

    99.419%

Benchmark Treasury:

    UST 2.875% due November 15, 2046

Benchmark Treasury Yield:

    3.034%

Spread to Benchmark Treasury:

    +110 bps

Yield:

    4.134%

Make-Whole Call:

    T+20 bps for any redemption prior to November 11, 2046

Par Call:

    On or after November 11, 2046

CUSIP/ISIN:

    458140AY6/US458140AY68

Joint Book-Running Managers:

    J.P. Morgan Securities LLC
   Morgan Stanley & Co. LLC
   Citigroup Global Markets Inc.

Co-Managers:

    Blaylock Van, LLC
   Samuel A. Ramirez & Company, Inc.

*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) and a preliminary prospectus supplement with the U.S. Securities and Exchange Commission (the “SEC”) for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement, the preliminary prospectus supplement 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 and the preliminary prospectus supplement if you request it by calling (i) J.P. Morgan Securities LLC collect at 1-212-834-4533 or (ii) Morgan Stanley & Co. LLC toll-free at 1-866-718-1649.