0001193125-16-530858.txt : 20160405 0001193125-16-530858.hdr.sgml : 20160405 20160405165300 ACCESSION NUMBER: 0001193125-16-530858 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20160405 DATE AS OF CHANGE: 20160405 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: HANOVER INSURANCE GROUP, INC. CENTRAL INDEX KEY: 0000944695 STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331] IRS NUMBER: 043263626 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-210328 FILM NUMBER: 161555159 BUSINESS ADDRESS: STREET 1: 440 LINCOLN ST CITY: WORCESTER STATE: MA ZIP: 01653 BUSINESS PHONE: 5088551000 MAIL ADDRESS: STREET 1: 440 LINCOLN ST CITY: WORCESTER STATE: MA ZIP: 01653 FORMER COMPANY: FORMER CONFORMED NAME: ALLMERICA FINANCIAL CORP DATE OF NAME CHANGE: 19950501 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: HANOVER INSURANCE GROUP, INC. CENTRAL INDEX KEY: 0000944695 STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331] IRS NUMBER: 043263626 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 440 LINCOLN ST CITY: WORCESTER STATE: MA ZIP: 01653 BUSINESS PHONE: 5088551000 MAIL ADDRESS: STREET 1: 440 LINCOLN ST CITY: WORCESTER STATE: MA ZIP: 01653 FORMER COMPANY: FORMER CONFORMED NAME: ALLMERICA FINANCIAL CORP DATE OF NAME CHANGE: 19950501 FWP 1 d158917dfwp.htm FWP FWP

Issuer Free Writing Prospectus

Filed Pursuant to Rule 433

Registration Statement No. 333-210328

April 5, 2016

 

The Hanover Insurance Group, Inc.

 

Pricing Term Sheet

 

$375,000,000 4.500% Notes due 2026

 

Issuer:    The Hanover Insurance Group, Inc. (the “Issuer”)
Ratings*:    Baa3 (Moody’s) / BBB (S&P)
Principal Amount:    $375,000,000
Security Type:    Senior Notes
Public Offering Price:    99.767% of principal amount
Net Proceeds (before expenses):    $371,688,750
Trade Date:    April 5, 2016
Settlement Date:    April 8, 2016
Maturity Date:    April 15, 2026
Coupon:    4.500%
Benchmark Treasury:    1.625% due February 15, 2026
Spread to Benchmark Treasury:    280 basis points
Benchmark Treasury Price / Yield:    99-02 / 1.729%
Yield to Maturity:    4.529%
Interest Payment Dates:   

Semi-annually on April 15 and October 15,

commencing on October 15, 2016

Interest Record Dates:    April 1 and October 1
Optional Redemption:    At any time and from time to time prior to January 15, 2026, the Notes will be redeemable at the Issuer’s option, in whole or in part, at a redemption price equal to the greater of 100% of the principal amount of the Notes to be redeemed plus accrued and unpaid interest thereon to, but excluding, the redemption date and the “Make-Whole Redemption Amount” calculated as

  

described in the preliminary prospectus supplement at the rate of T + 45 basis points.

 

At any time and from time to time on or after January 15, 2026, the Notes will be redeemable at the Issuer’s option, in whole or in part, at a redemption price equal to 100% of the principal amount of the Notes to be redeemed, plus accrued and unpaid interest thereon to, but excluding, the redemption date.

Denominations:    $2,000 and integral multiples of $1,000 in excess thereof
Joint Book-Running Managers:   

J.P. Morgan Securities LLC

Wells Fargo Securities, LLC

Lloyds Securities Inc.

Senior Co-Managers:   

BMO Capital Markets

ING Financial Markets LLC

Merrill Lynch, Pierce, Fenner & Smith

                    Incorporated

Morgan Stanley & Co. LLC

Co-Managers:   

BB&T Capital Markets

Raymond James & Associates, Inc.

CUSIP:    410867AF2
ISIN:    US410867AF22

 

* 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.

 

The Issuer has filed a registration statement (including a prospectus) with the U.S. Securities and Exchange Commission (SEC) for this offering. Before you invest, you should read the prospectus for this offering 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 at the SEC website at www.sec.gov. Alternatively, the joint book-running managers will arrange to send you the prospectus if you request it by calling J.P. Morgan Securities LLC at 212-834-4533, calling or e-mailing Lloyds Securities Inc., at 212-930-8956 or David.Keller@lbusa.com or calling or e-mailing Wells Fargo Securities, LLC toll-free at 1-800-645-3751 or wfscustomerservice@wellsfargo.com.

 

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