0001193125-16-579829.txt : 20160505 0001193125-16-579829.hdr.sgml : 20160505 20160505160018 ACCESSION NUMBER: 0001193125-16-579829 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20160505 DATE AS OF CHANGE: 20160505 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: 161623538 BUSINESS ADDRESS: STREET 1: 385 WASHINGTON ST CITY: SAINT PAUL STATE: MN ZIP: 55102 BUSINESS PHONE: 6513107911 MAIL ADDRESS: STREET 1: 485 LEXINGTON AVENUE CITY: NEW YORK STATE: NY ZIP: 10017-2630 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: 485 LEXINGTON AVENUE CITY: NEW YORK STATE: NY ZIP: 10017-2630 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 d194133dfwp.htm FREE WRITING PROSPECTUS Free Writing Prospectus

Filed Pursuant to Rule 433

Registration No. 333-189434

 

LOGO

$500,000,000 3.750% Senior Notes due 2046

TERM SHEET

May 4, 2016

 

 

 

Issuer:    The Travelers Companies, Inc.
Title of Securities:    3.750% Senior Notes due 2046
Security Types:    Senior Unsecured Notes
Legal Format:    SEC Registered
Expected Ratings:*    Moody’s: A2 (Stable) / S&P: A (Stable) / Fitch: A (Stable)
Principal Amount:    $500,000,000
Trade Date:    May 4, 2016
Settlement Date (T+5):    May 11, 2016
Interest Payment Dates:    Semi-annually in arrears May 15 and November 15, commencing November 15, 2016
Maturity Date:    May 15, 2046
Public Offering Price:    99.304% of the principal amount
Coupon:    3.750%
Benchmark Treasury:    3.000% due November 15, 2045
Benchmark Treasury Price / Yield:    107-12 / 2.639%
Re-offer Spread to Benchmark Treasury:    + 115 bps
Yield-to-Maturity:    3.789%
Optional Redemption:   

Make Whole Call:

    Prior to November 15, 2045 (the date that is six months prior to the maturity date), T + 20 bps

Par Call:

    On or after November 15, 2045 (the date that is six months prior to the maturity date)
CUSIP / ISIN:    89417EAL3 / US89417EAL39
Joint Book-Running Managers:    Barclays Capital Inc.
   Citigroup Global Markets Inc.
   Merrill Lynch, Pierce, Fenner & Smith Incorporated
   U.S. Bancorp Investments, Inc.
Co-Managers:    Deutsche Bank Securities Inc.
  

J.P. Morgan Securities LLC

Morgan Stanley & Co. LLC

BNY Mellon Capital Markets, LLC

The Williams Capital Group, L.P.

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 Barclays Capital Inc. toll-free at (888) 603-5847 or Citigroup Global Markets Inc. toll-free at (800) 831-9146.

 

* 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.

 

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