Free Writing Prospectus
Filed pursuant to Rule 433
Relating to the Preliminary
Prospectus Supplement
dated August 15, 2012 to
the Prospectus dated
August 2, 2010
Registration Statement
No. 333-168453
Moody’s Corporation
Pricing Term Sheet
August 15, 2012
4.500% Senior Notes due 2022
| Issuer: |
Moody’s Corporation | |
| Size: |
$500,000,000 | |
| Maturity: |
September 1, 2022 | |
| Coupon (Interest Rate): |
4.500% | |
| Price to Public: |
99.218% of face amount | |
| Yield to Maturity: |
4.598% | |
| Spread to Benchmark Treasury: |
Treasury plus 280 basis points | |
| Benchmark Treasury: |
1.625% due August 15, 2022 | |
| Benchmark Treasury Price and Yield: |
98-13+; 1.798% | |
| Interest Payment Dates: |
March 1 and September 1, commencing March 1, 2013 | |
| Record Dates: |
February 15 and August 15 | |
| Make-whole Call: |
Callable at any time prior to June 1, 2022 at the greater of par and the make-whole redemption price (Treasury plus 45 basis points) | |
| Par Call: |
On or after June 1, 2022 | |
| Trade Date: |
August 15, 2012 | |
| Settlement: |
T+3; August 20, 2012 | |
| CUSIP/ISIN: |
615369AB1 / US615369AB15 | |
| Rating:* |
BBB+ by Standard & Poor’s Rating Services | |
| Joint Book-Running Managers: |
Citigroup Global Markets Inc. Merrill Lynch, Pierce, Fenner & Smith Incorporated J.P. Morgan Securities LLC | |
| Lead Managers: |
Goldman, Sachs & Co. Mitsubishi UFJ Securities (USA), Inc. RBS Securities Inc. | |
| Co-Managers: |
Fifth Third Securities, Inc. Lloyds Securities Inc. Morgan Stanley & Co. LLC PNC Capital Markets LLC Scotia Capital (USA) Inc. TD Securities (USA) LLC U.S. Bancorp Investments, Inc. Sandler O’Neill & Partners, L.P. SMBC Nikko Capital Markets Limited The Williams Capital Group L.P. | |
| Use of Proceeds: |
Net proceeds (before expenses) from this offering will be approximately $492.8 million and are expected to be used for general corporate purposes, including the redemption and repayment of short-term or long-term borrowings, which may include repayment of up to $127.5 million of borrowings under the five-year senior, unsecured term loan facility; working capital; capital expenditures; acquisitions of or investments in businesses or assets; and purchases of the issuer’s common stock under its authorized stock repurchase program. | |
*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 Citigroup Global Markets Inc. toll-free at 1-877-858-5407 or Merrill Lynch, Pierce, Fenner & Smith Incorporated (call 1-800-294-1322, or e-mail dg.prospectus_requests@baml.com).
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