Final Term Sheet
Filed pursuant to Rule 433
Dated March 1, 2011
Filed pursuant to Rule 433
Dated March 1, 2011
Relating to
Prospectus Supplement dated March 1, 2011 to
Registration Statement No. 333-162982
Prospectus Supplement dated March 1, 2011 to
Registration Statement No. 333-162982
$500,000,000 4.05% Notes due 2021
Issuer:
|
Praxair, Inc. | |
Principal Amount:
|
$500,000,000 | |
CUSIP / ISIN:
|
74005P AY0 / US74005PAY07 | |
Title of Securities:
|
4.05% Notes due 2021 | |
Trade Date:
|
March 1, 2011 | |
Original Issue Date (Settlement Date):
|
March 4, 2011 | |
Maturity Date:
|
March 15, 2021 | |
Benchmark Treasury:
|
3.625% due February 15, 2021 | |
Benchmark Treasury Price and Yield:
|
101-19 and 3.435% | |
Spread to Benchmark Treasury:
|
67 basis points | |
Yield to Maturity:
|
4.105% | |
Interest Rate:
|
4.05% per annum | |
Public Offering Price (Issue Price):
|
99.550% of the Principal Amount thereof | |
Interest Payment Dates:
|
Semi-annually in arrears on each March 15 and September 15 commencing September 15, 2011 |
|
Redemption Provision:
|
Make-whole call at the Adjusted Treasury Rate plus 10 basis points | |
Joint Bookrunners: |
Citigroup Global Markets Inc. | |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated |
||
| Deutsche Bank Securities Inc. | ||
| HSBC Securities (USA) Inc. | ||
Co-Managers:
|
BBVA Securities Inc. | |
| Credit Suisse Securities (USA) LLC | ||
| Mitsubishi UFJ Securities (USA), Inc. | ||
| RBS Securities Inc. | ||
| Santander Investment Securities Inc. | ||
| SG Americas 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 website 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
Citigroup Global Markets Inc., toll free at 1-877-858-4507 and Merrill Lynch, Pierce, Fenner &
Smith Incorporated, toll free at 1-800-294-1322.
Any disclaimers or other notices that may appear below are not applicable to this communication and
should be disregarded. Such disclaimers or other notices were automatically generated as a result
of this communication being sent via Bloomberg or another email system.