0001193125-13-302792.txt : 20130725 0001193125-13-302792.hdr.sgml : 20130725 20130725164124 ACCESSION NUMBER: 0001193125-13-302792 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20130725 DATE AS OF CHANGE: 20130725 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: TRAVELERS COMPANIES, INC. CENTRAL INDEX KEY: 0000086312 STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331] IRS NUMBER: 410518860 STATE OF INCORPORATION: MN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-189434 FILM NUMBER: 13986856 BUSINESS ADDRESS: STREET 1: 385 WASHINGTON ST CITY: SAINT PAUL STATE: MN ZIP: 55102 BUSINESS PHONE: 6513107911 MAIL ADDRESS: STREET 1: 385 WASHINGTON STREET CITY: ST. PAUL STATE: MN ZIP: 55102 FORMER COMPANY: FORMER CONFORMED NAME: ST PAUL TRAVELERS COMPANIES INC DATE OF NAME CHANGE: 20040401 FORMER COMPANY: FORMER CONFORMED NAME: ST PAUL FIRE & MARINE INSURANCE CO/MD DATE OF NAME CHANGE: 19990219 FORMER COMPANY: FORMER CONFORMED NAME: ST PAUL COMPANIES INC/MN/ DATE OF NAME CHANGE: 19990219 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: TRAVELERS COMPANIES, INC. CENTRAL INDEX KEY: 0000086312 STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331] IRS NUMBER: 410518860 STATE OF INCORPORATION: MN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 385 WASHINGTON ST CITY: SAINT PAUL STATE: MN ZIP: 55102 BUSINESS PHONE: 6513107911 MAIL ADDRESS: STREET 1: 385 WASHINGTON STREET CITY: ST. PAUL STATE: MN ZIP: 55102 FORMER COMPANY: FORMER CONFORMED NAME: ST PAUL TRAVELERS COMPANIES INC DATE OF NAME CHANGE: 20040401 FORMER COMPANY: FORMER CONFORMED NAME: ST PAUL FIRE & MARINE INSURANCE CO/MD DATE OF NAME CHANGE: 19990219 FORMER COMPANY: FORMER CONFORMED NAME: ST PAUL COMPANIES INC/MN/ DATE OF NAME CHANGE: 19990219 FWP 1 d576136dfwp.htm TERM SHEET Term Sheet

Filed Pursuant to Rule 433

Registration No. 333-189434

 

LOGO

$500,000,000 4.60% Senior Notes due 2043

TERM SHEET

July 25, 2013

 

 

 

Issuer:    The Travelers Companies, Inc.
Securities:    4.60% Senior Notes due 2043
Expected Ratings:*    Moody’s: A2 (Stable) / S&P: A (Stable) / Fitch: A (Stable)
Principal Amount:    $500,000,000
CUSIP:    89417E AJ8
ISIN:    US89417EAJ82
Maturity Date:    August 1, 2043
Public Offering Price:    99.742%
Gross Proceeds:    $498,710,000
Coupon:    4.60%
Benchmark Treasury:    3.125% due February 2043
Benchmark Treasury Price and Yield:    90-09 / 3.666%
Re-offer Spread to Treasury:    + 95 bps
Yield-to-Maturity:    4.616%
Interest Payment Dates:    Semi-annually in arrears February 1 and August 1, commencing February 1, 2014
Make Whole Call:    T + 15 bps
Security Types:    Senior Unsecured Notes
Legal Format:    SEC Registered
Specified Currency:    U.S. Dollars
Trade Date:    July 25, 2013
Settlement Date (T+5):    August 1, 2013
Authorized Denominations:    $2,000 and integral multiples of $1,000 in excess thereof
Joint Book-Running Managers:   

Merrill Lynch, Pierce, Fenner & Smith

                    Incorporated

Morgan Stanley & Co. LLC

Joint Lead Managers:   

Citigroup Global Markets Inc.

U.S. Bancorp Investments, Inc.

Senior Co-Manager:    HSBC Securities (USA) Inc.
Co-Managers:   

Barclays Capital Inc.

Credit Suisse Securities (USA) LLC

J.P. Morgan Securities LLC

Wells Fargo Securities, LLC

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 contacting Merrill Lynch, Pierce, Fenner & Smith Incorporated toll-free at (800) 294-1322, Morgan Stanley & Co. LLC toll-free at (866) 718-1649, Citigroup Global Markets Inc. toll-free at (800) 831-9146 or U.S. Bancorp Investments, Inc. toll-free at (877) 558-2607.

 

* Note: An explanation of the significance of ratings may be obtained from the rating agencies. Generally, rating agencies base their ratings on such material and information, and such of their own investigations, studies and assumptions, as they deem appropriate. The rating of the notes should be evaluated independently from similar ratings of other securities. A credit rating of a security is not a recommendation to buy, sell or hold securities and may be subject to review, revision, suspension, reduction or withdrawal at any time by the assigning rating agency.

 

2

GRAPHIC 2 g576136img1.jpg GRAPHIC begin 644 g576136img1.jpg M_]C_X``02D9)1@`!`@``9`!D``#_[``11'5C:WD``0`$````9```_^X`#D%D M;V)E`&3``````?_;`(0``0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$! M`0$!`0$!`0$!`0$!`0("`@("`@("`@("`P,#`P,#`P,#`P$!`0$!`0$"`0$" M`@(!`@(#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,# M`P,#`P,#`P,#_\``$0@`,`#$`P$1``(1`0,1`?_$`*0```,``@,!`0`````` M```````)"@<(`P4+!@0!``("`@,!`0`````````````$`@,!!08'"`D*$``` M!@$$`0,#!0`!!0$````!`@,$!08'`!$("1(A$PHQ%!5!(B,6%S)1822U>#D1 M``$#`@,&!`,$!PD!``````$``@,1!"$2!3%!46$3!I$B!PAQ,A2!L=$C\*'! M0E(5">%B@K(SLW5V-SG_V@`,`P$``A$#$0`_`+^-"$:$(T(1H0C0A&A"-"$: M$(T(1H0C0A&A"-"$:$(T(1H0C0A&A"-"%QJJI-TE5UU4T4$4SJK+*G*FDDDF M43J*JJ'$")IID`1,81```-QU@D`5.`"DQCY7B.,%TCB``!4DG```8DD[`E2\ ME^Z/@9QGD9&N2F35\HW.+,HD^JF'V*%O<-'!#`04',Z=['54BI3B('(1\HHG MXB!B@(;#P;6/47M?1WF%\QGN!M;$,]/BZH;X.*]B^E?L0]Q?JM:1ZK9Z2S2- M#E`++C4WFV#FG&K8@R2XI3871-#JBAIBM%6WR8^*1W[A-YA'.3>-(8OVKQNE M4W3ML#;9C[?N#M]UX1YF.^H:T'D\1N)Q_N#CR3)N+W;)P>Y9/F=>Q]EMI6KR_ M]L&N/\EMRTRSN5%0_C;L3.W#B`E7AS;E!!H^77$0]""&PCR_1>^NVM=<(K6< M,N3L9)Y''X8EI/(.)Y+RQZN>S3W`>C5L_4^Y-&?=]OQUS7EBXW4#0-I>&M;- M&T#$ODB8P#:Y,BUS!>64:$(T(1H0C0A&A"-"$:$(T(1H0C0A&A"-"$:$(T(1 MH0C0A&A"-"$:$+@/%T6K1JBJYX-:T"IK.K6N.]7D7%=L%GK[PR4ME^8C'1`>/DIAHHFNSI35X@9)L@F8 M/O?`5E!$HI`7S9W]W]=:MR;V2] MN^FG;]CZH^I=HV[]3KN)LT,$S:QZ;'(TY6&-P(==.8[-(]P_*KD;0AY,]8[B M)C"(F,6%K_`"[68*S@L-Y5GG*Z\S^:,Z"P>R<1`Q-N\?3OU`F,S-!UV3,UU!#*[$YMS'D[J8-/ M'#@OCE[[/8]I<.E77K/Z-V71G@+I=3T^(`1=*E77=M&UM0\.JZ=@\N7SM%0Z MM;VN^5\75A+D=R$QAQ4PGD+D#F68<0.-<902M@M,DS8.)1ZDR(JDW328QK4# M.7SQRY7(FDD0!,`N#F.KV+K?;8U*%LHOBQ2AIF%9+L!< M*?CU/-(#>1/3?ZZD^>.-V5QQ4([>21N9@P6'KLW9 MI)A#Q+_(.-[?2JXI*2;M%BP9N+!,L$HYD=RY7*4#*G(0/U,'IK#;F%QH"I.M M9F"I&">T@LBY11<-U4UV[A)-9!=$Y5$ED52`HDJDH01*=-0A@$H@(@(#OJ]+ MI4M0[G^#=\YU/.O*K7*T2>?F%DL%07.G4Y`E$/9*Q`K6"7BVMR,/XMVL@B@= MN44Q$#NRBB'[P$-4]=G5Z0VIH6KS`9JBO#&M./!9"YQ=J/$GKPM^(:;R;GKG M6GV;EG;>C2,%1IVSPJRL=)1T9(EDY**050C!8JRS=13W-MDE/+Z:D^5D9`?O M5,<3Y02S&B8(M8(AM7E;4X>I(P*$,I8%Y%01(BE$),1D5'J@B&Y4DV114'?Z M`&K.:KH:TWI>?"SM:XA\_'F;$N.,_=K!&8`$0R)99ZA3]9K343*R96Y8N9E$ M$VDJ=VVB'#A(J0B)VZ8G^FJV2LDKDW*U\+XZ9Z"J7XX^4QT_-EE4%0SIF.BH9,XIJ%C/%0@F*.Q@]!#UU7]5#Q/@K/I)N`\5OUP/[:^&/9 M#+9%A^+%LNEF6Q7$Q4S:MT7SDYFAS'33$3$(` M&'T$-3CF9)7)N5NUX<=J7#[GAE/,&'>.=KMUCNF#%))+(*,[0K'5 M8QD>*LQZFZ"-E9EJ@TEP&73,!!1$P'3#S#]NLLE9(2&[0A\,D8#GB@*8JLLD MW15<+J%2103.LLJ<0*1-)(HG44.8?0I2$*(B/Z`&K%4IXI'Y2'4-$R,E%OLL M933=13@=V^<*.R.X7JC\5;;=[5-XXKC*TVPUDQS9Z9'L8J0DDXIG[+^>:-V M[QXL[5#^%,1.!`$VVP#J<-T))DJF50H['`NX>@AJ!N80:$ MX_!6"TF(J`/%;+<,N[GKGYX7]/%>!ZU-4*]C)6EI+#1V4X$`[B1A7R0P0BPC)I2K MLQ/B';5Z.U/WM^ZVYO7ZDSO._B#I"[I1,A9$T5KE:UT1.0;*%Q-,*IJ[OX[_ M``0<989WQ$V1FE'12]UUB)&PI#6WDF0Y125_*G;#+(1'M@)5&0"/N"._NE^F MM:[TF[9-\+D=86PVQ9O*3\=M.7ZUVG#_`%-O%;_AYAZ&QYC'!&/,AURVP`6UED'\ M]:GZ362^ZF5K&Z9*MB)J_P`10;`)!#<1'6LMNW.V+ONZ\[9?I]NVT@M(I&O; MF$F9Y(-3F(W88+F^N^X'W#]M>VSMCUYMN]]H:\EG+''QZ>!E)R#8+?86E\R76WRH&K>.KA/%-7:ZDHD82S0GY8WN\K>-2*%W+91<`[I M_J8>XG7^VK;1-,=IVE:K&/S[VVA_.F((REK7ES(E&BZ+J/F(60>2$HV;R4<[;D41.=!0I3AN M)1UMYO3OM"5F6*S9#(""'QEP/YC;^;WO#;W_W>/Z:YCTAT.AF=3)EK7S;*5KQWUXKRS_,S M_.?YQT8,WU/6Z67\GY\_3R5_TOW`E5(>3:3,6=ZP<`*2QF$JP1<);_P#%5(I@]0U-S6O&5V(6OCD? M$\2,^8<@?O4.WRJ.*7$OBQAKB=7>-_'K$V(K?E3)&0/RDE0JC&PTW)1]3AJJ M#%BLZ9@#T61WMC-_&0A@4.'KZ@&Z-U''&T!@`)*V-O<2SN/4(H!N`'W`*J+A M9UO\+,'4+`N2:AQ;PQ7,QP6-*4\'(;:A01+DTL#RL,%)640ECM5'+.66<+J> M2Z0D6]1_<'KIN.*-@!`\U-J4GN99?(X@,!V#\=I^TE20<@ICC9E/Y4=C:\K9 M3%K7`=`;J5ZX?[4K`-\+GC6QV$)XKV622*@5;Q`Z_CXDW$!%1 MV4W?GIE'%,-SBS\EJ,QEKEIO M5CO)/DJAU]]7'H?N4)MIN\;6,.X%(V3J2%NXA=[S_`.SS_./CPX=S#`615KEK MEC@ZAXHI2Z+L23;>1F81".OLPCX_N46K\&S7!<@_N$%P]!WT22TMPX'S$4_% M9BAI*G0Z', MK=+^,\(9H5[+?\;?90G,HIC1F&3<8VR]/FE(9P;(_P!W'/8.NSK%DV>2[I.EH.AE/5IFJFI'W3'?D4RTX`_>%;7QOJ/`2E<5,C\F^!V.,74 MK&N1L2VRU$NN.J:O2T[9$UJOS+QDY>-W\:PE/99JHG%,%FX&*(B(%'3K&Q-8 M71CRD)"66:24"4^8'<`/NHIR?B!P2EGG^P_-2@&,6:R'5(A%P93<5ALKJQV] MQN0?;,)@,B41,*9?K^GTTO9C%SN:OO78-!KFVU_3?SJK!^1MG"D\>\[W(5@; MA4L-9/LWW`F(4$?P5)FY0%?)11$@>V+7?U.4/3U$/KIQWRGX)%E2\UV;*8C>V>R7Z'_RZ+R?CBS7Q5.O`S3W7[CO$= M:QYD*M32+F^XXI;BEA98ZK&=++M)%&1CHN6*WCWS0!]!T_&V(- MK&,"M?/+/(\-F^8<`!]U%&;\?H.O7(V?NP/*_/9WQ9&.L-QBI#&<3R2D:(5N M=S;[E?K!9']699!,B"YFZ2;1-=9$HJ$!0H'V\M)V_3+G%]*5PJF[DRY6M94N MWG&OZ%?JG*WQCR_\F'C%#];L!0V6)J%:Z).6B;P?&I(8[1?5*K2+J_62*;Q" M2$2E%LE'"<>NY9E!HLNJ!BF.!_(2C#=`1_+OHC/(VU+I/FI05`^&SC^M=+V. M7["6-ODAS%\[(J1.6CC'!A6@8Q$G"NY^)>TM&M'3H\R:#,J<)^GQEC574>M$ M0."A2F+[1A'8<2EHN:R8L68*_3?EFCQ7=7'AC@JX>'F+.E/E&M5,W\-<6<1+ M38L?R4=:H27QK2*W4[]1Y9!1NYCI.6K;:/@K5!K(N0*"1WK0J?N`($$1`=.- M;`\YF4J."2=)<1@L<30\<>(_:G$:N2Z29@W_`/=N&Q M>>#Q/X2X.[=N]7L;@N1L/8YW&=4DE_BSQ_XF]\O)7A MYFS%-;M-BH![1.<5[5;D#2;^GN*O+$F:K)1*;HADUYZTXUL97'W)P,9(60B4 MVYM]$#&-GRC^%2>B8RAE%5"F$=S#OJB9[G-`REH"OA8&/)S`ERL?YT,$>>GQY;#(F,,VMO`YEEXZRU&-J]RG!(NJ9@E&6$.)3N[W>]R$>X`PR=4-80MLQ/O" M+$!!L^^Q(TA4T!-_Y*9S"'KOI*.LQ9%^ZU.R_DM?(/F/O4?R M/;\5)2F'PABCCADRJ5$N/+#'6B!AT`@'L*I%H2:3Y^@HX;JR/B21?\3O+7'W!W!++#S)V9L4X\LUSSM(A^'N% MVK-;G%XZLUZ-9,WIVDK(-7RS-4S]0$E#%$@[&`H_75%F6B,U(V\4Q>M<7-<` M:$'-FQ9EFB7QO!8$M5^LE:M&M9`T&[=_ M9J2AI`Z:?F)=_4?H`Z8F<.DX@C8EX`1,W,-^^H^W[%+QT(\&NI#-'!PF1^<: M.!I3+*9N996R965I15=RCWBQQDZU,WH<0GM#-@W">%\K&@F>.+-'V>#A MW#6`EI%^R_*-Y"0+][]RZ$QRJJB?I/:`=^(IA3=CXIL_P`0)EQ^<8?Y M)-4<=U2,Y4XZR(>NVR]_9BK<9C%LPW;N()J#M8IABX=G9&3]K]NB)04.W`Y] MQ'5UGEH13SA47H=Y75\AW?M3]N2M-ZG.?<-(U#D5.<6\MN*@YEJ\+NP7RGQ5 MXI#]H[.TEFT5.?F8RS5YTU>(F(H*2A`*H`_KIAPBD%'4*6C=-%BP'$<.*C9X M.8KQ%QX^3/5<,<`K[+S.`(FQ65B[=0]E7M<$O61PV[G[E6G=A(NX):*_#SIS MH).7"BPE=)E`IQ$I1%)C0RZRQGR_V)\NK;9IQ4T/+'VS[%H5\[C(LPIF1%=!J6QAQIGV^PN\N\-.U/5^U]-NK[3=%MFW%])$W M,+:%[BQLDF-2]E>HD;X/Z?W8D MP"<03*4 M@#L&JV1,8XN;M*M?,^1H:ZE`N/(O4SQ)R9SMI/8Q,-LF1'):B!`A'2M6R`^@ MZC*?UV$<5QA_8JJBT4;S!5(-S]JL4ZA2JI$(`AN7?08FF3J8YD"9XC,6&4K\ M]'ZCN']'YV6SL71CLC6CDM;59M8\K=;Z]L=2KRDXW29K#5*JX9IM80(]BE[# M,"*&!JD8P$VWWUCHLZG4QS+/U$@CZ0H&THL^\W^$6#.P;`LMQQY#M+0[QQ,6 M"N6=P%-L2M5L",M5I`)&+69S2#9THW)[H"14H$'W$CF+N`".I21MD;E=L48I M7Q.S,VE=I@_ASAG`'%.'X:4EO9Y#"<+1K)CIJRMUB7LEB5JUK"6+*LG<^Z13 M67/[(%#8H:RU@:S(/E6'/M.ZY"R'QHKM M]2MV2H=E7YV6R#>75U68PS&0<29(^`!TR:%B$%G;D15\/(RA2E*([!J$<+(B M2W:5.2>24`/I0+;;F-Q%Q'SGX^W/C1G,+6;&=\7KZ]@)2[&XJE@4-6I^.LD< M1K--D7"K=$TC%I>\3P,"J7D0?0=3>P/;E=L*A&]T;L[=H2-E/B6=1:IA.K!< MBE3CMN=3.4@@;F-`B([!I?Z.'GXICZV?EX)EF,NHWB%B+@7D'KBI#+)$ M?QQR<%L"UD6O2SB_N`NDLWF9L&MQ&.(NU\W+4I$MD!%-+1X$1V#5/T$!X^\-:R"BD MPLT9JG;^S$H@F02CX;#Z^NLL8V-N5NQ1DD=*[,[:L*<1NI/B1PASUF[D3Q_0 MR;7KOR`"2+?XB3OSJ6H^TE.NK$`0-6,P0:PX1TB]5^U\3F]E,XE#<-19"R-Q M02[[7\5/J@N=NM=VF8;D.,]<['.VF<6:9PDFZ*TM8Y5W, MRATD_P`(:LE MLXU8[FT[Q9V`0[R]Y!LSF[6QA!BH19>#A9)VW:IQ,8[62(=8J20'4$@`)O'< M!LCACBQ:,57)/)+@\X+:CE=PYP9S.HL90\WP$D_:0$PE/U:Q5N7<5NXU.8(* M/N/JW8V93.XM5VF@0BP%`2JD*`"'H`AJ==[>TSN.U%IJ;7%K75:YKBU[3Q:X M8BN^B[8]'/7'U!]">X)NXNP+F*.:Y@,-Q#/$V>VN(C6C)X74:\-));4@M)-- MI7SW$C@M@/A8PNB&'&-L=R^0I-K*7"X9`M;^[W*;48(F;Q[1U8),I70L&*9A M]M(`VW'<1$?75&@=KZ5VVR1NG"0OE=5SY'F1YIL!<[&@X+9>M'N%]1O7B>P? IWQ)9LL=,B=';6UG;LM;:(/-7N;"PEN=QVNX8"@6XNN1+H]&A"-"%_]D_ ` end