FWP 1 a15-5014_3fwp.htm FWP

 

Filed Pursuant to Rule 433
Registration No. 333-185655
Free Writing Prospectus Dated March 12, 2015

 

EOG Resources, Inc.

Pricing Term Sheet

 

$500,000,000 3.15% Senior Notes due 2025

$500,000,000 3.90% Senior Notes due 2035

 

Issuer:

EOG Resources, Inc.

 

 

Ratings*:

Moody’s: A3 (stable outlook)

S&P: A- (positive outlook)

 

 

Trade Date:

March 12, 2015

 

 

Settlement Date:

March 17, 2015 (T+3)

 

 

 

Interest Payment Dates:

April 1 and October 1, commencing on October 1, 2015

 

 

Senior Notes due 2025

Senior Notes due 2035

 

Principal Amount:

$500,000,000

 

$500,000,000

Maturity Date:

April 1, 2025

 

April 1, 2035

Coupon:               

3.15%

 

3.90%

Benchmark Treasury:

2.000% due February 15, 2025

 

3.000% due November 15, 2044

Benchmark Treasury Yield:

2.100%

 

2.681%

Spread to Benchmark Treasury:

+105 bps

 

+125 bps

Yield to Maturity:

3.150%

 

3.931%

Price to Public:

99.999% of Principal Amount

 

99.571% of Principal Amount

Optional Redemption:

 

Make-whole call:

 

 

At any time prior to January 1, 2025, at the greater of (i) 100% or (ii) a discount rate of Treasury plus 20 basis points

 

 

At any time prior to October 1, 2034 at the greater of (i) 100% or (ii) a discount rate of Treasury plus 20 basis points

 

 

 

Par Call:

At any time on or after January 1, 2025

At any time on or after October 1, 2034

 

 

 

CUSIP/ISIN:

26875P AM3 / US26875PAM32

 

26875P AN1 / US26875PAN15

Joint Book-Running Managers:

Barclays Capital Inc.

Citigroup Global Markets Inc.

J.P. Morgan Securities LLC

UBS Securities LLC

 

 


 

 

Wells Fargo Securities, LLC

DNB Markets, Inc.

Goldman, Sachs & Co.

Mitsubishi UFJ Securities (USA), Inc.

RBC Capital Markets, LLC

SG Americas Securities, LLC

U.S. Bancorp Investments, Inc.

 

 

 

 

Co-Managers:

BB&T Capital Markets, a division of BB&T Securities, LLC

BBVA Securities Inc.

BMO Capital Markets Corp.

BNP Paribas Securities Corp.

Comerica Securities, Inc.

Deutsche Bank Securities Inc.

Scotia Capital (USA) Inc.

ANZ Securities, Inc.

CIBC World Markets Corp.

 

 

*      Note:  A securities rating is not a recommendation to buy, sell or hold securities and may be revised or withdrawn at any time.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 any 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 Barclays Capital Inc. at (888) 603-5847, Citigroup Global Markets Inc. at (800) 831-9146, J.P. Morgan Securities LLC at (212) 834-4533, UBS Securities LLC at (888) 827-7675, or Wells Fargo Securities, LLC at (800) 645-3751.