Filed Pursuant to Rule 433
Issuer Free Writing Prospectus dated March 29, 2022
Relating to Preliminary Prospectus Supplement dated March 29, 2022
to Prospectus dated February 25, 2021
Registration No. 333-235474
HP Inc.
4.000% notes due 2029
| Title of Securities: | 4.000% notes due 2029 (the “2029 Notes”) |
| Anticipated Ratings(1): | Baa2 (Moody’s)/ BBB (S&P)/ BBB+ (Fitch) |
| Trade Date: | March 29, 2022 |
| Settlement Date | March 31, 2022 (T+2) |
| Maturity Date | April 15, 2029 |
| Principal Amount: | $1,000,000,000 |
| Interest Rate: | 4.000% per annum |
| Benchmark | UST 1.875% due February 28, 2029 |
| Spread to Benchmark | +155 Basis Points |
| Price to Public (Issue Price): | 99.767% |
| Interest Payment Dates: | Semiannually; April 15 and October 15 of each year, commencing October 15, 2022 (subject to the following business day convention). |
| Method of Calculation: | 30/360 |
| Optional Redemption: | At any time prior to February 15, 2029 (two months prior to maturity), make-whole redemption at Treasury Rate plus 25 basis points. On or after February 15, 2029 (two months prior to maturity), redemption at par. |
| CUSIP/ISIN Nos.: | 40434L AK1/ US40434LAK17 |
| Denominations | $2,000 X $1,000 |
| Joint Book Running Managers: | BNP Paribas Securities Corp. |
BofA Securities, Inc.
Goldman Sachs & Co. LLC
HSBC Securities (USA) Inc.
J.P. Morgan Securities LLC
Wells Fargo Securities, LLC
| Co-Managers | Citigroup Global Markets Inc. |
MUFG Securities Americas Inc.
Santander Investment Securities Inc.
U.S. Bancorp Investments, Inc.
ING Financial Markets LLC
SG Americas Securities, LLC
Standard Chartered Bank
Credit Agricole Securities (USA) Inc.
Credit Suisse Securities (USA) LLC
Loop Capital Markets LLC
Academy Securities, Inc.
CastleOak Securities, L.P.
Samuel A. Ramirez & Company, Inc.
Siebert Williams Shank & Co., LLC
| (1) | A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time. |
4.200% notes due 2032
| Title of Securities: | 4.200% notes due 2032 (the “2032 Notes”) |
| Anticipated Ratings(1) | Baa2 (Moody’s)/ BBB (S&P)/ BBB+ (Fitch) |
| Trade Date: | March 29, 2022 |
| Settlement Date: | March 31, 2022 (T+2) |
| Maturity Date | April 15, 2032 |
| Principal Amount: | $1,000,000,000 |
| Interest Rate: | 4.200% per annum |
| Benchmark | UST 1.875% due February 15, 2032 |
| Spread to Benchmark | +180 Basis Points |
| Price to Public (Issue Price): | 99.966% |
| Interest Payment Dates: | Semiannually; April 15 and October 15 of each year, commencing October 15, 2022 (subject to the following business day convention). |
| Method of Calculation: | 30/360 |
Optional Redemption:
| At any time prior to January 15, 2032 (three months prior to maturity), make-whole redemption at Treasury Rate plus 30 basis points. On or after January 15, 2032 (three months prior to maturity), redemption at par.
|
| CUSIP/ISIN Nos: | 40434L AL9/ US40434LAL99 |
| Denominations | $2,000 X $1,000 |
| Joint Book Running Managers: | BNP Paribas Securities Corp. |
BofA Securities, Inc.
Goldman Sachs & Co. LLC
HSBC Securities (USA) Inc.
J.P. Morgan Securities LLC
Wells Fargo Securities, LLC
| Co-Managers | Citigroup Global Markets Inc. |
MUFG Securities Americas Inc.
Santander Investment Securities Inc.
U.S. Bancorp Investments, Inc.
ING Financial Markets LLC
SG Americas Securities, LLC
Standard Chartered Bank
Credit Agricole Securities (USA) Inc.
Credit Suisse Securities (USA) LLC
Loop Capital Markets LLC
Academy Securities, Inc.
CastleOak Securities, L.P.
Samuel A. Ramirez & Company, Inc.
Siebert Williams Shank & Co., LLC
| (1) | A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time. |
The Issuer has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (the “SEC”) for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement, the preliminary prospectus supplement 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 and the related prospectus supplement if you request it by calling BNP Paribas Securities Corp. toll free at 1-800-854-5674; BofA Securities, Inc. at 1-800-294-1322; Goldman Sachs & Co. LLC toll free at 1‑866‑471‑2526 or HSBC Securities (USA) Inc. toll free at 1-866-811-8049.
ANY DISCLAIMERS OR OTHER NOTICES THAT MAY APPEAR BELOW ARE NOT APPLICABLE TO THIS COMMUNICATION AND SHOULD BE DISREGARDED. SUCH DISCLAIMERS OR OTHER NOTICES WERE AUTOMATICALLY GENERATED AS A RESULT OF THIS COMMUNICATION BEING SENT VIA BLOOMBERG OR ANOTHER MAIL SYSTEM.
