Whirlpool (WHR) FWP Free writing prospectus

Filed Pursuant to Rule 433 under the Securities Act of 1933

Registration Statement No. 333-255372

Issuer Free Writing Prospectus, dated February 14, 2023

Supplementing the Preliminary Prospectus Supplement dated

February 14, 2023 (To Prospectus dated April 20, 2021)

$300,000,000 5.500% Senior Notes due 2033

Pricing Term Sheet

February 14, 2023

Issuer:	Whirlpool Corporation
Expected Ratings:*	Baa1 / BBB / BBB (Stable/Negative/Negative) (Moody’s/S&P/Fitch)
Trade Date:	February 14, 2023
Settlement Date:**	February 22, 2023 (T+5)
Joint Book-Running Managers:	BNP Paribas Securities Corp. ING Financial Markets LLC Mizuho Securities USA LLC SMBC Nikko Securities America, Inc. SG Americas Securities, LLC Scotia Capital (USA) Inc.
Co-Manager	Loop Capital Markets LLC
Title:	5.500% Senior Notes due 2033
Principal Amount:	$300,000,000
Maturity Date:	March 1, 2033
Coupon (Interest Rate):	5.500%
Interest Payment Dates:	March 1 and September 1, commencing September 1, 2023 (long first coupon)
Benchmark Treasury:	UST 3.500% due February 15, 2033
Benchmark Treasury Price / Yield:	97-27 / 3.761%
Spread to Benchmark Treasury:	+175 bps
Yield to Maturity:	5.511%
Price to Public:	99.914% of the principal amount
Make-Whole Call:	Prior to December 1, 2032 (three months prior to the maturity date of the notes), at a discount rate equal to the Treasury Rate (as defined in the preliminary prospectus supplement dated February 14, 2023) plus 30 basis points

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Par Call:	On and after December 1, 2032
Change of Control Offer to Purchase:	If Whirlpool experiences a Change of Control Repurchase Event (as defined in the preliminary prospectus supplement dated February 14, 2023), it will be required, unless it has exercised the right to redeem the notes, to offer to purchase the notes at a purchase price equal to 101% of their principal amount, plus accrued and unpaid interest to the repurchase date.
CUSIP:	963320 BA3
ISIN:	US963320BA33

* 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.

** Under Rule 15c6-1 of the Securities Exchange Act of 1934, as amended, trades in the secondary market generally are required to settle in two business days, unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade the Notes prior to the second business day prior to the settlement date will be required, because the Notes initially will settle in T+5, to specify an alternate settlement cycle at the time of any such trade to prevent a failed settlement. If you wish to trade the Notes prior to the second business day prior to the settlement date, you should consult your own advisors.

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 BNP Paribas Securities Corp. at 1 (800) 854-5674, ING Financial Markets LLC at 1 (877) 446-4930, Mizuho Securities USA LLC toll-free at 1 (866) 271-7403, SMBC Nikko Securities America, Inc. at 1 (888) 868-6856 or SG Americas Securities, LLC at 1 (855) 881-2108.

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