Filed Pursuant to Rule 433
Registration No. 333-152196
Pricing Term Sheet
July 9, 2008
H. J. Heinz Company
Pricing Term Sheet
5.35% Notes due 2013
| | |
Issuer: | | H. J. Heinz Company |
Principal Amount: | | $500,000,000 |
Security Type: | | Senior Note |
Maturity: | | July 15, 2013 |
Coupon: | | 5.35% |
Price: | | 99.965% of face amount |
Yield to maturity: | | 5.358% |
Spread to Benchmark Treasury: | | +225bps |
Benchmark Treasury: | | 3 3/8 due June 2013 |
Benchmark Treasury Spot and Yield: | | 101-7 and 3.108% |
Interest Payment Dates: | | January 15 and July 15, commencing January 15, 2009 |
Make-Whole Call: | | Treasury Rate plus 35 basis points |
Trade Date: | | July 9, 2008 |
Settlement Date: | | July 15, 2008 (T+4) |
Denominations: | | $2,000 and integral multiples of $1,000 in excess thereof |
Ratings: | | Baa2(Moody’s) / BBB(S&P) / BBB(Fitch) |
CUSIP: | | 423074AJ2 |
ISIN: | | US423074AJ20 |
Joint Bookrunners: | | J.P. Morgan Securities Inc., Banc of America Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated |
Co-Managers: | | BNP Paribas Securities Corp. HSBC Securities (USA) Inc. Suntrust Robinson Humphrey, Inc. ANZ Securities, Inc. BNY Capital Markets Banca IMI S.P.A. Mitsubishi UFJ Securities International plc PNC Capital Markets LLC Rabo Securities USA, Inc. Greenwich Capital Markets, Inc Deutsche Bank Securities Inc. Mizuho Securities USA Inc. Morgan Stanley & Co. Incorporated NatCity Investments, Inc. National Australia Bank Limited SG America Securities, LLC UBS Securities LLC |
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 J.P. Morgan Securities Inc. collect at 212-834-4533 or Banc of America Securities LLC at 1-800-294-1322.
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