Pricing Term Sheet
The Procter & Gamble Company
€1.5 billion 4.500% Notes due 2014
| | | |
| Issuer: | | The Procter & Gamble Company |
| Size: | | €1.5 billion |
| Maturity: | | May 12, 2014 |
| Coupon: | | 4.500% |
| Price to Public: | | 99.401% of face amount |
| Yield to maturity: | | 4.602% |
| Spread to reference Government security: | | +38 basis points |
| Reference Government security: | | DBR 4.250% 1/14 |
| Reference Government security yield/price: | | 4.222% /100.14% |
| Mid-swap rate yield: | | 4.432% |
| Spread to mid-swap rate: | | +17 basis points |
| Day Count: | | ACT/ACT, following, unadjusted |
| Interest Payment Dates: | | May 12, commencing May 12, 2008 |
| Tax Redemption: | | The notes will not be redeemable prior to maturity unless certain events occur involving United States taxation as described in the Prospectus Supplement |
| Trade Date: | | May 3, 2007 |
| Settlement Date: | | May 11, 2007 (T+5) |
| Denominations: | | €50,000 x€1,000 |
| Listing: | | Application has been made for listing on the Irish Stock Exchange on terms described in the Prospectus Supplement |
| Common Code: | | 030011210 |
| ISIN: | | XS0300112108 |
| Ratings: | | Aa3 (Stable) / AA- (Stable) |
| Joint Bookrunners: | | Deutsche Bank AG, London Branch
Goldman Sachs International
J.P. Morgan Securities Ltd.
Morgan Stanley & Co. International plc |
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 atwww.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 Deutsche Bank AG, London Branch at (800) 503-4611, Goldman Sachs International at 1-866-471-2526, J.P. Morgan Securities Ltd. at +44 (0) 207 779-2468 or collect at 1-212-834-4533 or Morgan Stanley & Co. International plc at 1-800-718-1649.
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