FWP
 

(TRAVELERS LOGO)
$250,000,000 5.375% Senior Notes due 2012
$450,000,000 5.750% Senior Notes due 2017
$800,000,000 6.250% Senior Notes due 2037
TERM SHEET
May 23, 2007
             
    5.375% Senior Notes   5.750% Senior Notes   6.250% Senior Notes
    due 2012   due 2017   due 2037
 
            
Principal Amount:
  $250,000,000    $450,000,000    $800,000,000 
 
            
Issuer:
  The Travelers Companies, Inc.   The Travelers Companies, Inc.   The Travelers Companies, Inc.
 
            
CUSIP:
  89417E AB5   89417E AC3   89417E AD1
 
            
Maturity Date:
  June 15, 2012   December 15, 2017   June 15, 2037
 
            
Public Offering Price:
  99.518% Per Note   99.738% Per Note   98.648% Per Note
 
            
Gross Proceeds:
  $248,795,000    $448,821,000    $789,184,000 
 
            
Coupon:
  5.375%    5.750%    6.250% 
 
            
Benchmark Treasury:
  4.500% UST due April, 2012   4.500% UST due May, 2017   4.500% UST due February, 2036
 
            
Benchmark Treasury
Yield:
  4.785%    4.863%    5.031% 
 
            
Spread to Treasury:
  + 70 bps   + 92 bps   + 132 bps
 
            
Reoffer Yield:
  5.485%    5.783%    6.351% 
 
            
Interest Payment
Dates:
  Semi-annually in arrears on June 15 and December 15, commencing December 15, 2007   Semi-annually in arrears on June 15 and December 15, commencing December 15, 2007   Semi-annually in arrears on June 15 and December 15, commencing December 15, 2007
 
            
Make Whole Call:
  T+12.5 bps   T+15 bps   T+20 bps
 
            
Ratings1
            
 
            
   • Moody’s
  A3/positive   A3/positive   A3/positive
 
            
   • S&P
  A-/stable   A-/stable   A-/stable
 
            
   • Fitch
  A/stable   A/stable   A/stable
 
            
   • A.M. Best
  a-/stable   a-/stable   a-/stable
 
            
Day Count Convention:
   30/360     30/360     30/360 
 
            
Security Type:
  Senior Unsecured Notes   Senior Unsecured Notes   Senior Unsecured Notes
 
            
Legal Format:
  SEC Registered   SEC Registered   SEC Registered

 

 

             
    5.375% Senior Notes   5.750% Senior Notes   6.250% Senior Notes
    due 2012   due 2017   due 2037
 
            
Specified Currency:
  U.S. Dollars   U.S. Dollars   U.S. Dollars
 
            
Trade Date:
  May 23, 2007   May 23, 2007   May 23, 2007
 
            
Settlement Date (T+3):
  May 29, 2007   May 29, 2007   May 29, 2007
 
            
Authorized
Denominations:
  $1,000 and integral multiples of $1,000 in excess thereof   $1,000 and integral multiples of $1,000 in excess thereof   $1,000 and integral multiples of $1,000 in excess thereof
 
            
Book-Running Managers:
  Banc of America Securities LLC
Deutsche Bank Securities Inc.
Wachovia Capital Markets, LLC 		  Banc of America Securities LLC
Deutsche Bank Securities Inc.
Wachovia Capital Markets, LLC 		  Banc of America Securities LLC
Deutsche Bank Securities Inc.
Wachovia Capital Markets, LLC
 
            
Co-managers:
  Barclays Capital Inc.
BNY Capital Markets, Inc.
Greenwich Capital Markets, Inc.
National Australia Capital Markets, LLC
UBS Securities LLC
Wells Fargo Securities, LLC 		  Barclays Capital Inc.
BNY Capital Markets, Inc.
Greenwich Capital Markets, Inc.
National Australia Capital Markets, LLC
UBS Securities LLC
Wells Fargo Securities, LLC 		  Barclays Capital Inc.
BNY Capital Markets, Inc.
Greenwich Capital Markets, Inc.
National Australia Capital Markets, LLC
UBS Securities LLC
Wells Fargo Securities, LLC
 
1.   Agency ratings are not a recommendation to buy, sell or hold any security, and they may be revised or withdrawn at any time by the rating organization. Each agency’s rating should be evaluated independently of any other agency’s rating. The system and the number of rating categories can vary widely from rating agency to rating agency.
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 Banc of America Securities LLC toll-free at 1-800-294-1322 or you may e-mail a request to dg.prospectus_distribution@bofasecurities.com, by calling Deutsche Bank Securities Inc. toll-free at 1-800-503-4611, or by calling Wachovia Capital Markets, LLC toll-free 1-866-289-1262 or e-mailing syndicate.ops@wachovia.com.