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| Filed Pursuant to Rule 433 Registration Statement No. 333-215863 Supplementing the Prospectus dated February 1, 2017 and Preliminary Prospectus Supplement |
Johnson Controls International plc
$500,000,000 4.500% Senior Notes due 2047
Pricing Term Sheet
February 2, 2017
Issuer: | Johnson Controls International plc |
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Trade Date: | February 2, 2017 |
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Settlement Date: | February 7, 2017 (T+3) |
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Joint Book-Running Managers: | Citigroup Global Markets Inc. |
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Co-Managers: | Goldman, Sachs & Co. |
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Title of Securities: | 4.500% Senior Notes due 2047 |
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Ratings (Moody’s / S&P / Fitch)*: | Baa1 (stable) / BBB+ (stable) / BBB+ (stable) |
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Aggregate Principal Amount Offered: | $500,000,000 |
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Maturity Date: | February 15, 2047 |
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Interest Rate: | 4.500% per annum |
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Benchmark Treasury: | UST 2.250% due August 15, 2046 |
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Spread to Benchmark Treasury: | +145 basis points |
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Benchmark Treasury Price and Yield: | 83-17; 3.106% |
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Yield to Maturity: | 4.556% |
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Price to Public: | 99.088%, plus accrued interest, if any, from February 7, 2017 |
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Interest Payment Dates: | Payable on February 15 and August 15 of each year, beginning on August 15, 2017 (long first coupon) |
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Optional Redemption: | Prior to August 15, 2046 (six months prior to the maturity date of the Securities), callable at make-whole (T+25 basis points) |
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Par Call: | On or after August 15, 2046 (six months prior to the maturity date of the Securities) |
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CUSIP/ISIN: | 478375 AU2 / US478375AU25 |
*The security ratings set forth above are not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal by the assigning rating organization at any time.
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 Citigroup Global Markets Inc. toll-free at 1-800-831-9146; or calling J.P. Morgan Securities LLC collect at 1-212-834-4533.
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 email or another communication system.