Exhibit 99.1
A final base shelf prospectus containing important information relating to the securities described in this document has been filed with the securities regulatory authorities in each of the provinces of Canada. A copy of the final base shelf prospectus, any amendment to the final base shelf prospectus and any applicable shelf prospectus supplement that has been filed, is required to be delivered with this document.
This document does not provide full disclosure of all material facts relating to the securities offered. Investors should read the final base shelf prospectus, any amendment and any applicable shelf prospectus supplement for disclosure of those facts, especially risk factors relating to the securities offered, before making an investment decision.
BROOKFIELD FINANCE INC.
US$500,000,000 ·% NOTES DUE 2047
PRELIMINARY TERM SHEET
September 11, 2017
Issuer: |
| Brookfield Finance Inc. |
|
|
|
Guarantor: |
| Brookfield Asset Management Inc. |
|
|
|
Guarantee: |
| The notes will be fully and unconditionally guaranteed as to payment of principal, premium (if any) and interest and certain other amounts by Brookfield Asset Management Inc. |
|
|
|
Guarantor’s Ticker: |
| BAMACN |
|
|
|
Security: |
| ·% Senior Unsecured Notes due September 20, 2047 |
|
|
|
Format: |
| SEC registered |
|
|
|
Size: |
| US$500,000,000 |
|
|
|
Trade Date: |
| September 11, 2017 |
|
|
|
Expected Settlement Date: |
| September 14, 2017 (T+3) |
|
|
|
Maturity Date: |
| September 20, 2047 |
|
|
|
Coupon: |
| ·% |
|
|
|
Interest Payment Dates: |
| March 20 and September 20, commencing March 20, 2018 |
|
|
|
Price to Public: |
| · |
|
|
|
Benchmark Treasury: |
| [The Spread to Benchmark Treasury, and any disclosure relating to the Spread to Benchmark Treasury, has been removed in accordance with subsection 9A.3(4) of National Instrument 44-102 — Shelf Distributions (“NI 44-102”)] |
|
|
|
Benchmark Treasury Price & Yield: |
| [The Spread to Benchmark Treasury, and any disclosure relating to the Spread to Benchmark Treasury, has been removed in accordance with subsection 9A.3(4) of NI 44-102] |
Spread to Benchmark Treasury: |
| [The Spread to Benchmark Treasury, and any disclosure relating to the Spread to Benchmark Treasury, has been removed in accordance with subsection 9A.3(4) of NI 44-102] |
|
|
|
Yield: |
| ·% |
|
|
|
Denominations: |
| Initial denominations of US$2,000 and subsequent multiples of US$1,000 |
|
|
|
Covenants: |
| Change of control (put @ 101%) Negative pledge Consolidation, merger, amalgamation and sale of substantial assets |
|
|
|
Redemption Provisions: |
|
|
|
|
|
Make-Whole Call: |
| Prior to March 20, 2047, treasury rate plus · bp |
|
|
|
Par Call: |
| At any time on or after March 20, 2047, at 100% of the principal amount of the notes to be redeemed |
|
|
|
Use of Proceeds: |
| General corporate purposes |
|
|
|
CUSIP/ISIN: |
| · / · |
|
|
|
Joint Book-Runners1: |
| Deutsche Bank Securities Inc. HSBC Securities (USA) Inc. |
|
|
|
Co-Managers: |
| · |
The notes will be issued under an indenture dated as of June 2, 2016, between Brookfield Finance Inc., Brookfield Asset Management Inc. and Computershare Trust Company of Canada, as trustee, as supplemented by a second supplemental indenture to be dated as of the date of the issuance of the notes (collectively, the “Indenture”). The foregoing is a summary of certain of the material attributes and characteristics of the notes, which does not purport to be complete and is qualified in its entirety by reference to the Indenture.
1 �� This offering will be made in Canada by HSBC Securities (Canada) Inc., a broker-dealer affiliate of HSBC Securities (USA) Inc.