Issuer Free Writing Prospectus
Filed Pursuant to Rule 433
Registration Statement No. 333-160043
August 12, 2009
Filed Pursuant to Rule 433
Registration Statement No. 333-160043
August 12, 2009
Pricing Term Sheet
Discovery Communications, LLC
5.625% Notes due 2019
| Issuer: | Discovery Communications, LLC | |
| Guarantor: | Discovery Communications, Inc. | |
| Principal Amount: | $500 million | |
| Security Type: | Senior Note | |
| Maturity Date: | August 15, 2019 | |
| Coupon: | 5.625% | |
| Price to Public: | 99.428% | |
| Yield to Maturity: | 5.701% | |
| Spread to Benchmark Treasury: | 200 basis points | |
| Benchmark Treasury: | 3.125% due May 15, 2019 | |
| Benchmark Treasury Spot and Yield: | 95-10 ; 3.701% | |
| Net Proceeds to Issuer: | $493,890,000 | |
| Interest Payment Dates: | August 15 and February 15, commencing February 15, 2010 | |
| Make-Whole Call: | At any time at Treasury plus 30 basis points | |
| Trade Date: | August 12, 2009 | |
| Settlement Date: | August 19, 2009 (T+5) | |
| Denominations: | $2,000 x $1,000 | |
| CUSIP/ISIN: | 25470D AA7 / US25470DAA72 | |
| Ratings*: | Baa2 (stable) Moody’s Investors Service, Inc. BBB- (stable) Standard & Poor’s Ratings Services BBB (stable) Fitch Ratings Ltd. | |
| Joint Bookrunners: | Citigroup Global Markets Inc. J.P. Morgan Securities Inc. Banc of America Securities LLC Credit Suisse Securities (USA) LLC RBS Securities Inc. | |
| Co-Managers: | Barclays Capital Inc. Calyon Securities (USA) Inc. Fortis Securities LLC Goldman, Sachs & Co. RBC Capital Markets Corporation Scotia Capital (USA) Inc. |
*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.
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