ISSUER FREE WRITING PROSPECTUS
Filed Pursuant to Rule 433
Registration No. 333-202411-01
Qwest Corporation
$235,000,000 7% Notes due 2056
Pricing Term Sheet
Date: January 25, 2016
This pricing term sheet supplements the Preliminary Prospectus Supplement of Qwest Corporation, dated January 25, 2016, relating to the securities described below. This pricing term sheet should be read together with, and is qualified in its entirety by reference to, the Preliminary Prospectus Supplement, and supersedes the information in the Preliminary Prospectus Supplement to the extent inconsistent with the information in the Preliminary Prospectus Supplement.
Issuer: |
Qwest Corporation | |
Security: |
$235,000,000 7% Notes due 2056 | |
Anticipated Ratings (Moodys / S&P / Fitch)*: |
Baa3 / BBB- / BBB- | |
Principal Amount: |
$235,000,000 | |
Trade Date: |
January 25, 2016 | |
Settlement Date: |
January 29, 2016 (T+4) | |
Maturity Date: |
February 1, 2056 | |
Interest Payment Dates: |
February 1, May 1, August 1 and November 1, commencing on May 1, 2016 | |
Coupon: |
7% | |
Price to Public: |
$25 per Note | |
Optional Redemption: |
Callable at Par, in whole or in part, at any time on or after February 1, 2021. | |
Listing: |
The Issuer intends to apply to list the Notes on the New York Stock Exchange and, if the application is approved, expects trading in the notes to begin within 30 days after the Settlement Date. | |
CUSIP / ISIN: |
74913G 808 / US74913G8087 | |
Joint Book-Running Managers: |
Merrill Lynch, Pierce, Fenner & Smith Incorporated Morgan Stanley & Co. LLC Wells Fargo Securities, LLC | |
Joint Lead Manager: |
RBC Capital Markets, LLC |
The Issuer will not grant the underwriters an over-allotment option in connection with the offering of the Notes.
* 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 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 (including the preliminary prospectus supplement) 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 Merrill Lynch, Pierce, Fenner & Smith Incorporated toll free at 1-800-294-1322, Morgan Stanley & Co. LLC toll free at 1-800-584-6837 or Wells Fargo Securities, LLC toll free at 1-800-645-3751.
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