Filed Pursuant to Rule 433
Registration Statement No. 333-231029
Schlumberger Investment SA
$350,000,000 2.650% Senior Notes due 2030
Pricing Term Sheet
August 4, 2020
Issuer: | Schlumberger Investment SA | |
Guarantor: | Schlumberger Limited | |
Title: | 2.650% Senior Notes due 2030 (the Notes) | |
Issue Format: | SEC registered | |
Guarantor Ratings (Moodys/S&P)*: | A2 (Negative) / A (Negative) | |
Original Principal Amount: | $900,000,000 as issued on June 26, 2020 (the Existing Notes) | |
TAP Amount: | $350,000,000 (after giving effect to this issuance of the Notes, $1,250,000,000 aggregate principal amount of the Notes will be outstanding) | |
Coupon: | 2.650% | |
Price to Public: | The price to be paid by each investor in the offering, plus aggregate accrued interest of $1,159,375 from June 26, 2020 | |
Interest Payment Dates: | June 26 and December 26, beginning December 26, 2020 | |
Trade Date: | August 4, 2020 | |
Settlement Date**: | August 11, 2020 | |
Maturity Date: | June 26, 2030 | |
Make-Whole Call: | T + 30 basis points | |
Par Call: | At any time on or after March 26, 2030 | |
Benchmark Treasury: | UST 0.625% due May 15, 2030 | |
Treasury Yield: | Dependent on price to be paid | |
Spread to Benchmark Treasury: | Dependent on price to be paid | |
Reoffer Yield: | Dependent on price to be paid | |
CUSIP: | 806854 AJ4 | |
ISIN: | US806854AJ48 | |
Sole Book-Running Manager: | Citigroup Global Markets Inc. |
*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.
**Settlement and Sale of the Notes
The Issuer expects to deliver the Notes against payment for the Notes on or about August 11, 2020 which will be the fifth business day following August 4, 2020, the date of the pricing of the Notes. Since trades in the secondary market generally settle in two business days, purchasers who wish to trade Notes on any date prior to the second business day before delivery will be required, by virtue of the fact that the Notes initially will settle in T+5, to specify alternative settlement arrangements to prevent a failed settlement.
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, you can request a copy of the prospectus by calling Citigroup Global Markets Inc. toll-free at 1-800-831-9146.