-----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, Ue54AwiKeOABMxb/hPUVVm2iYxKresMQ1joPZg/MQxhkpyZSTBIbRJ9dEFH5VxnQ bcrn7drDpfsOQlZXRIT5Xw== 0000950103-09-002216.txt : 20090908 0000950103-09-002216.hdr.sgml : 20090907 20090908165849 ACCESSION NUMBER: 0000950103-09-002216 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20090908 DATE AS OF CHANGE: 20090908 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CVS CAREMARK CORP CENTRAL INDEX KEY: 0000064803 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-DRUG STORES AND PROPRIETARY STORES [5912] IRS NUMBER: 050494040 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-143110 FILM NUMBER: 091058583 BUSINESS ADDRESS: STREET 1: ONE CVS DR. CITY: WOONSOCKET STATE: RI ZIP: 02895 BUSINESS PHONE: 4017651500 MAIL ADDRESS: STREET 1: ONE CVS DR. CITY: WOONSOCKET STATE: RI ZIP: 02895 FORMER COMPANY: FORMER CONFORMED NAME: CVS/CAREMARK CORP DATE OF NAME CHANGE: 20070322 FORMER COMPANY: FORMER CONFORMED NAME: CVS CORP DATE OF NAME CHANGE: 19970128 FORMER COMPANY: FORMER CONFORMED NAME: MELVILLE CORP DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CVS CAREMARK CORP CENTRAL INDEX KEY: 0000064803 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-DRUG STORES AND PROPRIETARY STORES [5912] IRS NUMBER: 050494040 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: ONE CVS DR. CITY: WOONSOCKET STATE: RI ZIP: 02895 BUSINESS PHONE: 4017651500 MAIL ADDRESS: STREET 1: ONE CVS DR. CITY: WOONSOCKET STATE: RI ZIP: 02895 FORMER COMPANY: FORMER CONFORMED NAME: CVS/CAREMARK CORP DATE OF NAME CHANGE: 20070322 FORMER COMPANY: FORMER CONFORMED NAME: CVS CORP DATE OF NAME CHANGE: 19970128 FORMER COMPANY: FORMER CONFORMED NAME: MELVILLE CORP DATE OF NAME CHANGE: 19920703 FWP 1 dp14724_fwp.htm FORM FWP
Free Writing Prospectus
Filed Pursuant to Rule 433
Registration Statement No. 333-143110
 
FINAL TERM SHEET
Dated September 8, 2009
 
CVS CAREMARK CORPORATION

 
Issuer:
  
CVS Caremark Corporation (“CVS Caremark”)
     
Description of Securities:
  
$1,500,000,000 6.125% Senior Notes due September 15, 2039 (“Notes”)
     
Security Type:
  
Senior Notes
     
Legal Format:
  
SEC Registered (Registration No. 333-143110)
     
Settlement Date:
  
September 11, 2009 (T+3)
     
Maturity Date:
  
September 15, 2039
     
Issue Price:
  
99.672% of principal amount
     
Coupon:
  
6.125%
     
Benchmark Treasury:
  
4.25% UST due May 15, 2039
     
Benchmark Treasury Strike:
  
99-19; 4.274%
     
Spread to Benchmark Treasury:
  
+187.5 basis points (1.875%)
     
Yield to Maturity
  
6.149%
     
Interest Payment Dates:
  
Semi-annually on March 15 and September 15, commencing on March 15, 2010
     
Change of Control:
  
Upon the occurrence of both (i) a change of control of CVS Caremark and (ii) a downgrade of the notes below an investment grade rating by each of Fitch Ratings, Moody’s Investors Service, Inc. and Standard & Poor’s Ratings Services within a specified period, CVS Caremark will be required to make an offer to purchase the notes at a price equal to 101% of their principal amount, plus accrued and unpaid interest to the date of repurchase.  See “Description of the Notes – Change of Control” on page S-14 of the Preliminary Prospectus Supplement dated September 8, 2009.
     
Redemption Provisions:
  
Make-whole call at any time at the greater of 100% or discounted present value at Treasury Yield plus 30 basis points
     
Denominations:
  
$2,000 and integral multiples of $1,000 thereof
     
Use of Proceeds:
  
For general corporate purposes, including the repayment of certain corporate debt.  See “Use of Proceeds” on page S-7 of the Preliminary Prospectus Supplement dated September 8, 2009.
 
 
 
 
 
 
Underwriting Discounts and Commissions:
  
0.875%
     
Joint Book-Running Managers:
  
Barclays Capital Inc.
   
Banc of America Securities LLC
   
BNY Mellon Capital Markets, LLC
   
J.P. Morgan Securities Inc.
   
Wells Fargo Securities, LLC
     
CUSIP Number:
  
126650BR0
     
Ratings*:
  
Baa2 / BBB+ / BBB+ (Moody’s / S&P / Fitch)
     
*Note: 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) with the U.S. Securities and Exchange Commission (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 website at www.sec.gov.  Alternatively, you may obtain a copy of the prospectus from Barclays Capital Inc. by calling toll-free 1-888-603-5847.



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