Filed pursuant to Rule 433
Registration No. 333-183021
Issuer Free Writing Prospectus
dated March 26, 2014
Relating to Preliminary Prospectus Supplement dated March 26, 2014
MasterCard Incorporated
$1,500,000,000
$500,000,000 2.000% Notes due 201 9
$1,000,000,000 3.375% Notes due 2024
Pricing Term Sheet
March 26, 2014
| Issuer: | MasterCard Incorporated | |||
| Security: | 2.000% Notes due 2019 | 3.375% Notes due 2024 | ||
| Size: | $500,000,000 | $1,000,000,000 | ||
| Maturity Date: | April 1, 2019 | April 1, 2024 | ||
| Coupon: | 2.000% | 3.375% | ||
| Interest Payment Dates: | Semi-annually on April 1 and October 1 of each year, commencing October 1, 2014 | Semi-annually on April 1 and October 1 of each year, commencing October 1, 2014 | ||
| Price to Public: | 99.617% | 99.571% | ||
| Benchmark Treasury: | 1.500% due February 28, 2019 | 2.750% due February 15, 2024 | ||
| Benchmark Treasury Price and Yield: | 99-04 3⁄4; 1.681% | 100-12; 2.706% | ||
| Spread to Benchmark Treasury: | + 40 basis points | + 72 basis points | ||
| Reoffer Yield: | 2.081% | 3.426% | ||
| Optional Redemption: | +10 bp | +15 bp | ||
| CUSIP / ISIN: | 57636QAA2 / US57636QAA22 | 57636QAB0 / US57636QAB05 | ||
| Denominations: | $2,000 and integral multiples of $1,000 in excess thereof | |||
| Trade Date: | March 26, 2014 | |||
| Expected Settlement Date: | March 31, 2014 (T+3) | |||
| Expected Ratings*: | A2 / A (stable / stable) | |||
| Joint Book-Runners: | Citigroup Global Markets Inc. Goldman, Sachs & Co. Merrill Lynch, Pierce, Fenner & Smith Incorporated U.S. Bancorp Investments, Inc. Barclays Capital Inc. Deutsche Bank Securities Inc. Lloyds Securities Inc. RBS Securities Inc. | |||
| Senior Co-Managers: | BMO Capital Markets Corp. Mitsubishi UFJ Securities (USA), Inc. Morgan Stanley & Co. LLC PNC Capital Markets LLC Wells Fargo Securities, LLC | |||
| Co-Managers: | Apto Partners, LLC CastleOak Securities, L.P. C.L. King & Associates, Inc. Drexel Hamilton, LLC Guzman & Company Kota Global Securities Inc. Lebenthal & Co., LLC Mischler Financial Group, Inc. Muriel Siebert & Co., Inc. The Williams Capital Group, L.P. | |||
*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 1-800-831-9146, Goldman, Sachs & Co. toll-free at 1-866-471-2526, and Merrill Lynch, Pierce, Fenner & Smith Incorporated toll-free at 1-800-294-1322.
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