Filed Pursuant to Rule 433
Registration No. 333-176707
H. J. Heinz Company
$300,000,000 1.500% Notes due 2017
$300,000,000 2.850% Notes due 2022
Pricing Term Sheet
$300,000,000 1.500% Notes due 2017
| Issuer: | H. J. Heinz Company | |
| Principal Amount: | $300,000,000 | |
| Security Type: | Senior Notes | |
| Maturity: | March 1, 2017 | |
| Coupon: | 1.500% | |
| Issue Price: | 99.847% of principal amount | |
| Yield to Maturity: | 1.532% | |
| Spread to Benchmark Treasury: | +70 bps | |
| Benchmark Treasury: | 0.875% Notes due February 28, 2017 | |
| Benchmark Treasury Spot and Yield: | 100-06 3/4 and 0.832% | |
| Interest Payment Dates: | March 1 and September 1, commencing September 1, 2012 | |
| Make-Whole Call: | Treasury Rate plus 10 basis points | |
| Trade Date: | February 28, 2012 | |
| Settlement Date: | March 2, 2012 (T+3) | |
| Denominations: | $2,000 and integral multiples of $1,000 in excess thereof | |
| Expected Ratings*: | Baa2 (Moody’s)/BBB+ (S&P)/BBB (Fitch) | |
| CUSIP: | 423074AN3 | |
| ISIN: | US423074AN32 | |
| Joint Book-running Managers: | J.P. Morgan Securities LLC Merrill Lynch, Pierce, Fenner & Smith Merril LyncIncorporated UBS Securities LLC | |
| Senior Co-Managers: | Barclays Capital Inc. Deutsche Bank Securities Inc. HSBC Securities (USA) Inc. Mitsubishi UFJ Securities (USA), Inc. Wells Fargo Securities, LLC | |
| Co-Managers: | Banca IMI S.p.A. BNP Paribas Securities Corp. Morgan Stanley & Co. LLC nabSecurities, LLC PNC Capital Markets LLC Rabo Securities USA, Inc. RBS Securities Inc. Santander Investment Securities Inc. Standard Chartered Bank SunTrust Robinson Humphrey, Inc. | |
| Pricing Term Sheet $300,000,000 2.850% Notes due 2022
| ||
| Issuer: | H. J. Heinz Company | |
| Principal Amount: | $300,000,000 | |
| Security Type: | Senior Notes | |
| Maturity: | March 1, 2022 | |
| Coupon: | 2.850% | |
| Issue Price: | 99.836% of principal amount | |
| Yield to Maturity: | 2.869% | |
| Spread to Benchmark Treasury: | +95 bps | |
| Benchmark Treasury: | 2.000% Notes due February 15, 2022 | |
| Benchmark Treasury Spot and Yield: | 100-23+ and 1.919% | |
| Interest Payment Dates: | March 1 and September 1, commencing September 1, 2012 | |
| Make-Whole Call: | Treasury Rate plus 15 basis points | |
| Par Call: | On or after three months prior to the maturity date | |
| Trade Date: | February 28, 2012 | |
| Settlement Date: | March 2, 2012 (T+3) | |
| Denominations: | $2,000 and integral multiples of $1,000 in excess thereof | |
| Expected Ratings*: | Baa2 (Moody’s)/BBB+ (S&P)/BBB (Fitch) | |
| CUSIP: | 423074AP8 | |
| ISIN: | US423074AP89 | |
| Joint Book-running Managers: | J.P. Morgan Securities LLC Merrill Lynch, Pierce, Fenner & Smith Merril LyncIncorporated UBS Securities LLC | |
| Senior Co-Managers: | Barclays Capital Inc. Deutsche Bank Securities Inc. HSBC Securities (USA) Inc. Mitsubishi UFJ Securities (USA), Inc. Wells Fargo Securities, LLC | |
| Co-Managers: | Banca IMI S.p.A. BNP Paribas Securities Corp. Morgan Stanley & Co. LLC nabSecurities, LLC PNC Capital Markets LLC Rabo Securities USA, Inc. RBS Securities Inc. Santander Investment Securities Inc. Standard Chartered Bank SunTrust Robinson Humphrey, Inc. | |
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, Merrill Lynch, Pierce, Fenner & Smith Incorporated toll free at 1-800-294-1322 or UBS Securities LLC toll free at 1-877-827-6444, ext. 561-3884.
Any disclaimer or other notice that may appear below is not applicable to this communication and should be disregarded. Such disclaimer or notice was automatically generated as a result of this communication being sent by Bloomberg or another email system.
*The security ratings above are not a recommendation to buy, sell or hold the securities offered hereby. The ratings may be subject to revision or withdrawal at any time by the assigning rating organization. Each of the security ratings above should be evaluated independently of any other security rating.
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