0001193125-14-393874.txt : 20141103 0001193125-14-393874.hdr.sgml : 20141103 20141103152437 ACCESSION NUMBER: 0001193125-14-393874 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20141103 DATE AS OF CHANGE: 20141103 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SOUTHWEST AIRLINES CO CENTRAL INDEX KEY: 0000092380 STANDARD INDUSTRIAL CLASSIFICATION: AIR TRANSPORTATION, SCHEDULED [4512] IRS NUMBER: 741563240 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-180969 FILM NUMBER: 141189219 BUSINESS ADDRESS: STREET 1: 2702 LOVE FIELD DR STREET 2: P O BOX 36611 CITY: DALLAS STATE: TX ZIP: 75235 BUSINESS PHONE: 2147924000 MAIL ADDRESS: STREET 1: PO BOX 36611 CITY: DALLAS STATE: TX ZIP: 75235-1611 FORMER COMPANY: FORMER CONFORMED NAME: AIR SOUTHWEST CO DATE OF NAME CHANGE: 19760108 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: SOUTHWEST AIRLINES CO CENTRAL INDEX KEY: 0000092380 STANDARD INDUSTRIAL CLASSIFICATION: AIR TRANSPORTATION, SCHEDULED [4512] IRS NUMBER: 741563240 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 2702 LOVE FIELD DR STREET 2: P O BOX 36611 CITY: DALLAS STATE: TX ZIP: 75235 BUSINESS PHONE: 2147924000 MAIL ADDRESS: STREET 1: PO BOX 36611 CITY: DALLAS STATE: TX ZIP: 75235-1611 FORMER COMPANY: FORMER CONFORMED NAME: AIR SOUTHWEST CO DATE OF NAME CHANGE: 19760108 FWP 1 d803689dfwp.htm FWP FWP

$300,000,000 2.750% Notes due 2019

PRICING TERM SHEET

Filed Pursuant to Rule 433

Registration No. 333-180969

Dated November 3, 2014

Southwest Airlines Co.

$300,000,000 2.750% Notes due 2019

Pricing Term Sheet

 

Issuer:   Southwest Airlines Co.
Size:   $300,000,000
Maturity:   November 6, 2019
Coupon:   2.750%
Price to Public:   99.796%
Yield to maturity:   2.794%
Spread to Benchmark Treasury:   + 115 basis points
Benchmark Treasury:   1.500% due October 31, 2019
Benchmark Treasury Yield:   1.644% / 99-10
Interest Payment Dates:   May 6 and November 6, commencing May 6, 2015
Redemption Provisions:  
Make-Whole Call:   At any time at a discount rate of Treasury plus 20 basis points
Par Call:   Par call at any time on or after October 6, 2019
Change of Control Offer:   If a change of control triggering event occurs with respect to the Notes, the issuer will be required, subject to certain conditions, to offer to repurchase the Notes at a purchase price equal to 101% of their principal amount, plus accrued and unpaid interest, if any, to the date of repurchase.
Settlement:   November 6, 2014
CUSIP/ISIN:   844741 BA5 / US844741BA51
Ratings (Moody’s/S&P/Fitch):*   Baa2/BBB/BBB
Joint Book-Running Managers:   J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Citigroup Global Markets Inc.
Co-Managers:   BNP Paribas Securities Corp., Comerica Securities, Inc.

The issuer has filed a registration statement (including a preliminary prospectus supplement) with the SEC for the offering to which this communication relates. Before you invest, you should read the preliminary prospectus supplement included 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 calling J.P. Morgan Securities LLC collect at (212) 834-4533 or Morgan Stanley & Co. LLC at 1-866-718-1649.

 

* 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.