Filed Pursuant to Rule 433
Registration Number 333-168333
$1,500,000,000
1.000% Notes Due 2013
International Business Machines Corporation
August 2, 2010
Pricing Term Sheet
|
Issuer |
|
International Business Machines Corporation |
|
Issuer Ratings |
|
A1/A+/A+ (Moody’s/S&P/Fitch) |
|
Format |
|
SEC Registered |
|
Trade Date |
|
August 2, 2010 |
|
Settlement Date |
|
August 5, 2010 |
|
Size |
|
$1,500,000,000 |
|
Maturity |
|
August 5, 2013 |
|
Interest Payment Dates |
|
February 5 and August 5 |
|
First Payment Date |
|
February 5, 2011 |
|
Benchmark Treasury |
|
1.000% due July 15, 2013 |
|
Benchmark Treasury Yield |
|
0.839% |
|
Spread to Benchmark Treasury |
|
T + 30 bps |
|
Yield to Maturity |
|
1.139% |
|
Coupon |
|
1.000% |
|
Make-Whole Call |
|
T + 5 bps |
|
Price to Public |
|
99.591% |
|
Underwriting Discount |
|
0.150% |
|
Price to Issuer |
|
99.441% |
|
Day Count |
|
30/360 |
|
Minimum Denomination |
|
$100,000 and multiples of $1,000 |
|
Bookrunners |
|
Barclays Capital Inc., BNP Paribas Securities Corp. and Goldman, Sachs & Co. |
|
Co-Managers |
|
Banca IMI S.p.A., M.R. Beal & Company and UBS Securities LLC |
|
CUSIP |
|
459200GT2 |
|
ISIN/Common Code |
|
US459200GT23 |
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 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, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling Barclays Capital Inc. toll free at 1-888-603-5847 (or by emailing at barclaysprospectus@broadridge.com), BNP Paribas Securities Corp. at 1-800-854-5674, or Goldman, Sachs & Co. toll free at 1-866-471-2526 (or by emailing at prospectus-ny@ny.email.gs.com).
This pricing term sheet supplements the preliminary form of prospectus supplement issued by International Business Machines Corporation on August 2, 2010 relating to its Prospectus dated July 27, 2010.