Filed Pursuant to Rule 433
Registration Statement No. 333-174554
March 19, 2012
FINAL TERM SHEET
Issuer: | Husky Energy Inc. | |
Anticipated Ratings: | Moody’s: Baa2; S&P: BBB+; DBRS: A-low | |
Principal Amount: | US$500,000,000 | |
Coupon: | 3.950% | |
Interest Payment Dates: | Semi-annually on April 15 and October 15, commencing October 15, 2012 | |
Maturity Date: | April 15, 2022 | |
Benchmark Treasury: | 2.000% due February 15, 2022 | |
U.S. Treasury Yield: | 2.388% | |
Spread to Treasury Benchmark: | + 160 bps (1.600%) | |
Re-offer Yield: | 3.988% | |
Initial Price to Public: | Per Note: 99.685% Total: U.S.$498,425,000 | |
Optional Redemption: | At any time prior to January 15, 2022 (the date that is three months prior to the maturity date of the notes) for an amount equal to the principal amount of the notes redeemed plus a make-whole premium of U.S. Treasury plus 25 bps and accrued but unpaid interest to the redemption date. | |
| At any time on or after January 15, 2022 (the date that is three months prior to the maturity date of the notes) for an amount equal to the principal amount of the notes redeemed plus accrued but unpaid interest to the redemption date. | ||
| The notes may also be redeemed in whole, but not in part, at the redemption price described in the prospectus at any time in the event certain changes affecting Canadian withholding taxes occur. | ||
Settlement Date: | March 22, 2012 (T+3) | |
CUSIP: | 448055 AJ2 | |
ISIN: | US448055AJ20 | |
Denominations: | U.S.$2,000 and integral multiples of U.S.$1,000 in excess thereof. | |
Joint Book-Running Managers: | Citigroup Global Markets Inc. Barclays Capital Inc. Merrill Lynch, Pierce, Fenner & Smith Incorporated | |
Co-Managers: | CIBC World Markets Corp. HSBC Securities (USA) Inc. RBC Capital Markets, LLC TD Securities (USA) LLC Scotia Capital (USA) Inc. BMO Capital Markets Corp. Deutsche Bank Securities Inc. Goldman, Sachs & Co. J.P. Morgan Securities LLC Morgan Stanley & Co. LLC SMBC Nikko Capital Markets Limited | |
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.
The issuer has filed a registration statement (including a prospectus and a preliminary prospectus supplement) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus and the preliminary prospectus supplement 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 and the preliminary prospectus supplement if you request it by calling Citigroup Global Markets Inc. toll-free at 1-877-858-5407, Barclays Capital Inc. toll-free at 1-888-603-5847, or Merrill Lynch, Pierce, Fenner & Smith Incorporated toll-free at 1-800-294-1322.
