-----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, GIL5DlzSzt67z6ZXQgRKC9HeKzMKNtSVhC4hP56on9pLVt+ArLhk0Ihj1ZRUh5M+ xvCq2Zf38X2ylBinW+QUiQ== 0001193125-10-123276.txt : 20100518 0001193125-10-123276.hdr.sgml : 20100518 20100518153633 ACCESSION NUMBER: 0001193125-10-123276 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20100518 DATE AS OF CHANGE: 20100518 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: J C PENNEY CORP INC CENTRAL INDEX KEY: 0000077182 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-DEPARTMENT STORES [5311] IRS NUMBER: 135583779 STATE OF INCORPORATION: DE FISCAL YEAR END: 0126 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-166241 FILM NUMBER: 10842414 BUSINESS ADDRESS: STREET 1: 6501 LEGACY DR CITY: PLANO STATE: TX ZIP: 75024-3698 BUSINESS PHONE: 9724311000 FORMER COMPANY: FORMER CONFORMED NAME: PENNEY J C CO INC DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: J C PENNEY CORP INC CENTRAL INDEX KEY: 0000077182 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-DEPARTMENT STORES [5311] IRS NUMBER: 135583779 STATE OF INCORPORATION: DE FISCAL YEAR END: 0126 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 6501 LEGACY DR CITY: PLANO STATE: TX ZIP: 75024-3698 BUSINESS PHONE: 9724311000 FORMER COMPANY: FORMER CONFORMED NAME: PENNEY J C CO INC DATE OF NAME CHANGE: 19920703 FWP 1 dfwp.htm FREE WRITING PROSPECTUS Free Writing Prospectus

Issuer Free Writing Prospectus

Filed Pursuant to Rule 433 under the Securities Act of 1933

Registration Statement No. 333-166241

Relating to Prospectus Filed Pursuant to Rule 424(b)(5)

 

J. C. PENNEY CORPORATION, INC.

$400,000,000 5.65% Senior Notes due 2020

OF WHICH

J. C. PENNEY COMPANY, INC.

IS CO-OBLIGOR

 

Issuer:

J. C. Penney Corporation, Inc.

 

Co-obligor:

J. C. Penney Company, Inc.

 

Title of Securities:

5.65% Senior Notes due 2020

 

Aggregate Principal Amount:

$400,000,000

 

Initial Public Offering Price:

99.719% of principal amount

 

Proceeds to Company:

97.969%; $391,876,000

 

Maturity:

June 1, 2020

 

Denominations:

$1,000

 

Coupon (interest rate):

5.65%

 

Benchmark Treasury:

U.S. Treasury due May 15, 2020

 

Spread to Benchmark Treasury:

+225 basis points (2.25%)

 

Benchmark Treasury Price and Yield:

100-17; 3.437%

 

Yield to Maturity:

5.687%

 

Interest Payment Dates:

June 1 and December 1 of each year commencing on December 1, 2010

 

Change of Control:

Upon the occurrence of a Change of Control Triggering Event the Issuer is 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

 

Legal Format:

SEC Registered

 

Trade Date:

May 18, 2010

 

Settlement Date:

T+4; May 24, 2010

Book-Running Managers:

Barclays Capital Inc.

Banc of America Securities LLC

J.P. Morgan Securities Inc.

Wells Fargo Securities, LLC

 

Co-Managers:

BNY Mellon Capital Markets, LLC

HSBC Securities (USA) Inc.

U.S. Bancorp Investments, Inc.

The Williams Capital Group, L.P.

 

CUSIP:

708130AD1

 

Ratings:

Ba1 / BB+ / BBB-

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 this offering. Before you invest, you should read the prospectus for this offering 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 searching the SEC online database (EDGAR®) at www.sec.gov. Alternatively, you may obtain a copy of the prospectus from Barclays Capital Inc. by calling 1 888-603-5847.

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