-----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, AhNC1+u5TFtEeFghmBVy+SAwPo/szf3PXo3VtwWLASs+UH6Eh42kD3Uh5l4Uc1Jk h8B4AQTp0yytjXhj7CP4gA== 0001104659-06-022244.txt : 20060405 0001104659-06-022244.hdr.sgml : 20060405 20060404203359 ACCESSION NUMBER: 0001104659-06-022244 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20060405 DATE AS OF CHANGE: 20060404 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: LINCOLN NATIONAL CORP CENTRAL INDEX KEY: 0000059558 STANDARD INDUSTRIAL CLASSIFICATION: LIFE INSURANCE [6311] IRS NUMBER: 351140070 STATE OF INCORPORATION: IN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-132416 FILM NUMBER: 06740243 BUSINESS ADDRESS: STREET 1: 1500 MARKET STREET STE 3900 STREET 2: CENTRE SQUARE WEST TOWER CITY: PHILADELPHIA STATE: PA ZIP: 19102 BUSINESS PHONE: 2154481475 MAIL ADDRESS: STREET 1: 1500 MARKET STREET STE 3900 STREET 2: CENTRE SQUARE TOWER CITY: PHILADELPHIA STATE: PA ZIP: 19102 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: LINCOLN NATIONAL CORP CENTRAL INDEX KEY: 0000059558 STANDARD INDUSTRIAL CLASSIFICATION: LIFE INSURANCE [6311] IRS NUMBER: 351140070 STATE OF INCORPORATION: IN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 1500 MARKET STREET STE 3900 STREET 2: CENTRE SQUARE WEST TOWER CITY: PHILADELPHIA STATE: PA ZIP: 19102 BUSINESS PHONE: 2154481475 MAIL ADDRESS: STREET 1: 1500 MARKET STREET STE 3900 STREET 2: CENTRE SQUARE TOWER CITY: PHILADELPHIA STATE: PA ZIP: 19102 FWP 1 a06-6879_5fwp.htm PROSPECTUS FILED PURSUANT TO RULE 424(A)

 

LINCOLN NATIONAL CORPORATION

 

$500,000,000 FLOATING RATE SENIOR NOTES DUE 2009
$500,000,000 6.15% SENIOR NOTES DUE 2036

 

Issuer:

Lincoln National Corporation (“LNC”)

 

 

Title of Securities:

Floating Rate Senior Notes due April 6, 2009 (the “Floating Rate Notes”)

 

 

 

6.15% Senior Notes due April 7, 2036 (the “Fixed Rate Notes”)

 

 

Note Type:

Senior unsecured

 

 

Format:

SEC Registered

 

 

Trade Date:

April 3, 2006

 

 

Settlement Date (T+3):

April 6, 2006

 

 

Maturity Date:

Floating Rate Notes:  April 6, 2009
Fixed Rate Notes:  April 7, 2036

 

 

Aggregate Principal Amount Offered:

Floating Rate Notes:  $500,000,000
Fixed Rate Notes:  $500,000,000

 

 

Price to Public (Issue Price):

Floating Rate Notes:  100% plus accrued interest, if any, from April 6, 2006

 

 

 

Fixed Rate Notes:  99.336% plus accrued interest, if any, from April 6, 2006

 

 

Price to LNC:

Floating Rate Notes:  99.750%
Fixed Rate Notes:  98.461%

 

 

Pricing Benchmark:

Floating Rate Notes:  3-month LIBOR
Fixed Rate Notes:  5 3/8% U.S. Treasury due Feb. 15, 2031

 

 

 

 

Spread to Benchmark:

Floating Rate Notes:  LIBOR plus 11 basis points
Fixed Rate Notes:  Treasury Rate plus 120 basis points

 

 

Interest Rate:

Floating Rate Notes:  3-month LIBOR plus 11 basis points
Fixed Rate Notes:  6.15% per annum

 

 

Interest Payment Dates:

Floating Rate Notes:  Quarterly on each January 6, April 6, July 6, and October 6, commencing on July 6, 2006

 

 

 

Fixed Rate Notes:  Semi-annually on each April 7 and October 7, commencing October 7, 2006

 

 

Optional Redemption:

Floating Rate Notes:  None

 

 

 

Fixed Rate Notes:  Make-whole call at any time at the greater of 100% and discounted present value at Treasury Rate plus 20 basis points

 


 

Ratings:

Floating Rate Notes:  Moody’s: A3 (stable); S&P:  A+ (stable); Fitch:  A (stable); AM Best:  a (stable)

 

 

 

Fixed Rate Notes:  Moody’s:  A3 (stable); S&P:  A+ (stable); Fitch:  A (stable); AM Best:  a (stable)*

 

 

Minimum Denominations:

Floating Rate Notes:  $2,000
Fixed Rate Notes:  $2,000

 

 

Joint Bookrunning Managers:

Floating Rate Notes:  Morgan Stanley, Citigroup, Merrill Lynch & Co., Banc of America Securities LLC, UBS Investment Bank, Wachovia Securities

 

 

 

Fixed Rate Notes:  Morgan Stanley, Citigroup, Merrill Lynch & Co., Goldman, Sachs & Co., JPMorgan Chase, Lehman Brothers

 

*An explanation of the significance of ratings may be obtained from the rating agencies. Generally, rating agencies base their ratings on such material and information, and such of their own investigations, studies and assumptions, as they deem appropriate. The ratings of the Floating Rate Notes and Fixed Rate Notes should be evaluated independently from similar ratings of other securities. A credit rating of a security is not a recommendation to buy, sell or hold securities and may be subject to review, revision, suspension, reduction or withdrawal at any time by the assigning rating agency.

 

The issuer 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 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 (i) Morgan Stanley toll-free 1-866-718-1649, (ii) Citigroup toll-free 1-877-858-5407 or (iii) Merrill Lynch & Co. toll-free 1-866-500-5408.

 

Any disclaimers or other notices that may appear below are not applicable to this communication and should be disregarded. Such disclaimers or other notices were automatically generated as a result of this communication being sent via Bloomberg or another email system.

 

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