0001193125-20-147434.txt : 20200520 0001193125-20-147434.hdr.sgml : 20200520 20200520165205 ACCESSION NUMBER: 0001193125-20-147434 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20200520 DATE AS OF CHANGE: 20200520 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: NUCOR CORP CENTRAL INDEX KEY: 0000073309 STANDARD INDUSTRIAL CLASSIFICATION: STEEL WORKS, BLAST FURNACES ROLLING MILLS (COKE OVENS) [3312] IRS NUMBER: 131860817 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-220010 FILM NUMBER: 20898775 BUSINESS ADDRESS: STREET 1: 1915 REXFORD RD CITY: CHARLOTTE STATE: NC ZIP: 28211 BUSINESS PHONE: 7043667000 MAIL ADDRESS: STREET 1: 1915 REXFORD ROAD CITY: CHARLOTTE STATE: NC ZIP: 28211 FORMER COMPANY: FORMER CONFORMED NAME: NUCLEAR CORP OF AMERICA INC DATE OF NAME CHANGE: 19680911 FORMER COMPANY: FORMER CONFORMED NAME: AZTEC MECHANICAL CONTRACTORS INC DATE OF NAME CHANGE: 19660629 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: NUCOR CORP CENTRAL INDEX KEY: 0000073309 STANDARD INDUSTRIAL CLASSIFICATION: STEEL WORKS, BLAST FURNACES ROLLING MILLS (COKE OVENS) [3312] IRS NUMBER: 131860817 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 1915 REXFORD RD CITY: CHARLOTTE STATE: NC ZIP: 28211 BUSINESS PHONE: 7043667000 MAIL ADDRESS: STREET 1: 1915 REXFORD ROAD CITY: CHARLOTTE STATE: NC ZIP: 28211 FORMER COMPANY: FORMER CONFORMED NAME: NUCLEAR CORP OF AMERICA INC DATE OF NAME CHANGE: 19680911 FORMER COMPANY: FORMER CONFORMED NAME: AZTEC MECHANICAL CONTRACTORS INC DATE OF NAME CHANGE: 19660629 FWP 1 d812822dfwp.htm FWP FWP

Final Term Sheet

Filed Pursuant to Rule 433

Registration Statement No. 333-220010

May 20, 2020

NUCOR CORPORATION

$500,000,000 2.000% Notes due 2025

$500,000,000 2.700% Notes due 2030

 

Issuer:    Nucor Corporation
Expected Ratings (Moody’s / S&P)*:    Baa1 (Stable) / A- (Stable)
Trade Date:    May 20, 2020
Settlement Date:    May 22, 2020 (T+2)
Security:   

2.000% Notes due 2025 (the “2025 Notes”)

2.700% Notes due 2030 (the “2030 Notes”)

Principal Amount:   

$500,000,000 for the 2025 Notes

$500,000,000 for the 2030 Notes

Maturity Date:   

June 1, 2025 for the 2025 Notes

June 1, 2030 for the 2030 Notes

Benchmark Treasury:   

0.375% due April 30, 2025 for the 2025 Notes

0.625% due May 15, 2030 for the 2030 Notes

Benchmark Treasury Price / Yield:   

100-06 ¾ / 0.332% for the 2025 Notes

99-14+ / 0.682% for the 2030 Notes

Spread to Benchmark Treasury:   

T+170 bps for the 2025 Notes

T+205 bps for the 2030 Notes

Yield to Maturity:   

2.032% for the 2025 Notes

2.732% for the 2030 Notes

Price to Public:   

99.848% of the principal amount for the 2025 Notes

99.721% of the principal amount for the 2030 Notes

Coupon:   

2.000% for the 2025 Notes

2.700% for the 2030 Notes

Interest Payment Dates:    June 1 and December 1, commencing December 1, 2020
Make Whole Call:   

T+30 bps for the 2025 Notes (before May 1, 2025)

T+35 bps for the 2030 Notes (before March 1, 2030)

Par Call:   

On or after May 1, 2025 (1 month prior to maturity) for the 2025 Notes

On or after March 1, 2030 (3 months prior to maturity) for the 2030 Notes

CUSIP / ISIN:   

670346 AR6 / US670346AR69 for the 2025 Notes

670346 AS4 / US670346AS43 for the 2030 Notes

Joint Book-Running Managers:   

BofA Securities, Inc.

J.P. Morgan Securities LLC

Wells Fargo Securities, LLC

   Deutsche Bank Securities Inc.
   RBC Capital Markets, LLC
   U.S. Bancorp Investments, Inc.
Co-Managers:    Fifth Third Securities, Inc.
   MUFG Securities Americas Inc.
   PNC Capital Markets LLC
  

Siebert Williams Shank & Co., LLC

SunTrust Robinson Humphrey, Inc.

 

*

Note: A security 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 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 BofA Securities, Inc. toll-free at 1-800-294-1322, J.P. Morgan Securities LLC collect at 212-834-4533 or Wells Fargo Securities, LLC toll-free at 1-800-645-3751.