Filed Pursuant to Rule 433
Registration Statement No. 333-164611
Pricing Term Sheet
BERKSHIRE HATHAWAY FINANCE CORPORATION
Pricing Term Sheet
$750,000,000 1.600% Senior Notes due 2017
$350,000,000 3.000% Senior Notes due 2022
$500,000,000 4.400% Senior Notes due 2042
| Issuer: | Berkshire Hathaway Finance Corporation | |
| Guarantor: | Berkshire Hathaway Inc. | |
| Ratings (Moody’s/S&P)*: | Aa2/AA+ (Stable/Negative) | |
| Trade Date: | May 8, 2012 | |
| Settlement Date: | May 15, 2012 (T+5) | |
| 1.600% Senior Notes due 2017 | ||
| Principal Amount: | $750,000,000 | |
| Maturity Date: | May 15, 2017 | |
| Issue Price (Price to Public): | 99.923% | |
| Gross Spread: | 32.5 bps | |
| Proceeds to Issuer: | $746,985,000 | |
| Interest Rate: | 1.600% per annum | |
| Benchmark Treasury: | 0.875% due April 30, 2017 | |
| Benchmark Treasury Yield: | 0.766% | |
| Spread to Benchmark Treasury: | 85 bps | |
| Yield to Maturity: | 1.616% | |
| Interest Payment Dates: | Each May 15 and November 15, commencing November 15, 2012 | |
| Make-Whole call: | At any time at Treasury plus 15 bps | |
| Minimum Denomination: | $2,000 and integral multiples of $1,000 in excess thereof | |
| CUSIP: | 084664BS9 | |
| ISIN: | US084664BS99 | |
| 3.000% Senior Notes due 2022 | ||
| Principal Amount: | $350,000,000 | |
| Maturity Date: | May 15, 2022 | |
| Issue Price (Price to Public): | 99.231% | |
| Gross Spread: | 42.5 bps | |
| Proceeds to Issuer: | $345,821,000 | |
| Interest Rate: | 3.000% per annum | |
| Benchmark Treasury: | 2.000% due February 15, 2022 | |
| Benchmark Treasury Yield: | 1.840% | |
| Spread to Benchmark Treasury: | 125 bps | |
| Yield to Maturity: | 3.090% | |
| Interest Payment Dates: | Each May 15 and November 15, commencing November 15, 2012 | |
| Make-Whole call: | At any time at Treasury plus 20 bps | |
| Minimum Denomination: | $2,000 and integral multiples of $1,000 in excess thereof | |
| CUSIP: | 084664BT7 | |
| ISIN: | US084664BT72 | |
| 4.400% Senior Notes due 2042 | ||
| Principal Amount: | $500,000,000 | |
| Maturity Date: | May 15, 2042 | |
| Issue Price (Price to Public): | 98.719% | |
| Gross Spread: | 75 bps | |
| Proceeds to Issuer: | $489,845,000 | |
| Interest Rate: | 4.400% per annum | |
| Benchmark Treasury: | 3.125% due November 15, 2041 | |
| Benchmark Treasury Yield: | 3.028% | |
| Spread to Benchmark Treasury: | 145 bps | |
| Yield to Maturity: | 4.478% | |
| Interest Payment Dates: | Each May 15 and November 15, commencing November 15, 2012 | |
| Make-Whole call: | At any time at Treasury plus 25 bps | |
| Minimum Denomination: | $2,000 and integral multiples of $1,000 in excess thereof | |
| CUSIP: | 084664BU4 | |
| ISIN: | US084664BU46 | |
| Other Information | ||
| Joint Book-Running Managers: | Goldman, Sachs & Co. J.P. Morgan Securities LLC Merrill Lynch, Pierce, Fenner & Smith Incorporated Wells Fargo Securities, LLC | |
| * | Note: A securities rating is not a recommendation to buy, sell or hold securities and may be revised or withdrawn at any time. |
Each of the issuer and the guarantor 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 and the guarantor have filed with the SEC for more complete information about the issuer, the guarantor 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 Goldman, Sachs & Co. toll-free at (866) 471-2526, J.P. Morgan Securities LLC at (212) 834-4533, Merrill Lynch, Pierce, Fenner & Smith Incorporated toll-free at (800) 294-1322 or Wells Fargo Securities, LLC at (800) 326-5897.