Issuer Free Writing Prospectus filed pursuant to Rule 433
Supplementing the Preliminary Prospectus Supplement dated August 16, 2012
Registration Statement 333-181874
August 16, 2012
$210,000,000
Unisys Corporation
6.25% Senior Notes due 2017
August 16, 2012
Pricing Supplement dated August 16, 2012 to the Preliminary Prospectus Supplement dated August 16, 2012 of Unisys Corporation. This Pricing Supplement relates only to the securities described below and is qualified in its entirety by reference to the Preliminary Prospectus Supplement. The information in this Pricing Supplement supplements the Preliminary Prospectus Supplement and supersedes the information in the Preliminary Prospectus Supplement only to the extent it is inconsistent with the information contained in the Preliminary Prospectus Supplement. Capitalized terms used in this Pricing Supplement but not defined have the meanings given them in the Preliminary Prospectus Supplement.
| Issuer: |
Unisys Corporation |
| Title of Securities: |
6.25% Senior Notes due 2017 |
| Distribution: |
SEC Registered |
| Ratings: |
B1 / BB- |
| Offering Size: |
$210,000,000 |
| Gross Proceeds: |
$210,000,000 |
| Underwriting Discount: |
2.286% |
| Net Proceeds (Before Expenses): |
$205,199,400 |
| Trade Date: |
August 16, 2012 |
| Expected Settlement Date: |
August 21, 2012 (T+3) |
| Maturity Date: |
August 15, 2017 |
| Coupon: |
6.250% |
| Price to Public: |
100.000% |
| Yield to Maturity: |
6.250% |
| Spread to Benchmark Treasury: |
+ 543 basis points |
| Benchmark Treasury: |
0.500% UST due 7/31/2017 |
| Interest Payment Dates: |
August 15 and February 15 |
| First Interest Payment Date: |
February 15, 2013. Interest will accrue on the Notes from August 21, 2012 |
| Record Dates: |
August 1 and February 1 |
| Call Schedule: |
Non-Callable for Life |
| Make-Whole Call: |
T + 50 basis points |
| Change of Control: |
If rated investment grade, investor put at 101% unless the notes are rated investment grade pro forma for Change of Control transaction. If not rated investment grade, customary investor put at 101% |
| Denominations: |
Minimum denominations of $2,000 and integral multiples of $1,000 in excess thereof |
| Sole Book-Running Manager: |
Citigroup Global Markets Inc. |
| Co-Managers: |
HSBC Securities (USA) Inc. |
RBS Securities Inc.
| CUSIP/ISIN Numbers: |
CUSIP: 909214 BP2 |
ISIN: US909214BP20
| Use of Proceeds: |
The net proceeds of this offering will be used to redeem all of our outstanding 12 3/4% senior secured notes due 2014, including payment of accrued interest and premium |
Other Changes to the Preliminary Prospectus Supplement:
Pro Forma Ratio of Earnings
| to Fixed Charges: |
As adjusted to give effect to the issuance of the notes in this offering and the application of the net proceeds from this offering as described in “Use of Proceeds” in the prospectus supplement, and assuming the offering had been completed on (i) January 1, 2012, our ratio of earnings to fixed charges would have been 4.56x for the six months ended June 30, 2012 and (ii) January 1, 2011, our ratio of earnings to fixed charges would have been 3.21x for the year ended December 31, 2011 |
The issuer has filed a registration statement (including a base prospectus dated June 4, 2012) and a preliminary prospectus supplement dated August 16, 2012 with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement, the preliminary prospectus supplement 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, when available, if you request it by calling Citigroup Global Markets, Inc. at 1-877-858-5407.