Registration Statement No. 333-214273
Filed Pursuant to Rule 433
Supplementing the Preliminary
Prospectus Supplement
Dated February 27, 2017
(To Prospectus dated October 27, 2016)
Pricing Term Sheet
Fixed-Rate Notes due 2021 and 2024
The information in this pricing term sheet relates only to the offering of Notes (the “Notes Offering”) and should be read together with (i) the preliminary prospectus supplement dated February 27, 2017 relating to the Notes Offering, filed pursuant to Rule 424(b) under the Securities Act of 1933, as amended, including the documents incorporated by reference therein, and (ii) the related base prospectus dated October 27, 2016, which forms part of Registration Statement No. 333-214273.
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Issuer: |
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The Coca-Cola Company |
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Security: |
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0.000% Notes due 2021 |
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Offering Format: |
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SEC Registered |
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Principal Amount: |
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€500,000,000 of 2021 Notes |
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Maturity Date: |
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March 9, 2021 for 2021 Notes |
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Spread to Mid-Swap Yield: |
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+10 bps for 2021 Notes |
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Mid-Swap Yield: |
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-0.010% for 2021 Notes |
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Yield to Maturity: |
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0.090% for 2021 Notes |
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Coupon: |
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0.000% per year for 2021 Notes |
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Interest Payment Dates: |
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Annually on March 9, commencing March 9, 2018 for 2021 Notes |
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Price to Public: |
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99.641% of principal amount for 2021 Notes |
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Benchmark Security: |
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DBR 2.500% due January 4, 2021 for 2021 Notes |
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Benchmark Security Yield: |
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-0.766% for 2021 Notes |
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Benchmark Security Price: |
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112.80% for 2021 Notes |
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Spread to Benchmark Security: |
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+85.60 bps for 2021 Notes |
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Make-Whole Call: |
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At any time at a discount rate of Comparable Government Bond Rate plus 15 bps for 2021 Notes |
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Use of Proceeds: |
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The Coca-Cola Company expects to use the net proceeds from the offering for general corporate purposes, which may include working capital, capital expenditures, acquisitions of or investments in businesses or assets, redemption and repayment of short-term or long-term borrowings (including the €2,000,000,000 Floating Rate Notes due 2017 maturing on March 9, 2017) and purchases of its common stock. Pending application of the net proceeds, The Coca-Cola Company may temporarily invest the net proceeds in short-term marketable securities. |
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Day Count Convention: |
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ACTUAL/ACTUAL (ICMA) |
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Trade Date: |
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February 27, 2017 |
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Settlement Date: |
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March 9, 2017 (T+8) |
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Listing: |
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The Coca-Cola Company intends to apply to list the notes on the New York Stock Exchange |
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ISIN/Common Code/CUSIP: |
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XS1574671662 / 157467166 / 191216 CC2 for 2021 Notes |
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Denominations: |
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€100,000 and integral multiples of €1,000 in excess thereof |
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Expected Ratings*: |
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Aa3 by Moody’s Investors Service, Inc. |
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Underwriters: |
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Bookrunners: |
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Morgan Stanley & Co. International PLC |
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Stabilization: |
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Stabilization/FCA |
*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 U.S. Securities and Exchange Commission (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 Limited at +1-800-831-9146, Deutsche Bank AG, London Branch toll-free at +1-800-503-4611, Morgan Stanley & Co. International PLC at +1-866-718-1649, Barclays Bank PLC at +44 (0) 20 7516 7548 or HSBC Bank plc at +1-866-811-8049.
Any legends, disclaimers or other notices that may appear below are not applicable to this communication and should be disregarded. Such legends, disclaimers or other notices have been automatically generated as a result of this communication having been sent via Bloomberg or another system.