Filed Pursuant to Rule 433
Registration No. 333-225182
Supplementing the Preliminary Prospectus
Supplement dated April 27, 2020
(To Prospectus dated May 24, 2018)
Kohl’s Corporation
Final Term Sheet
April 27, 2020
$600,000,000 9.500% Notes due 2025
Issuer: | Kohl’s Corporation | |
Security: | 9.500% Notes due 2025 | |
Aggregate Principal Amount: | $600,000,000 | |
Expected Ratings:* | Baa2 (neg) /BBB- (neg) /BBB- (neg) (Moody’s / S&P / Fitch) | |
Trade Date: | April 27, 2020 | |
Settlement Date: | April 29, 2020 (T+2) | |
Interest Payment Dates: | May 15 and November 15 of each year, commencing November 15, 2020 | |
Maturity Date: | May 15, 2025 | |
Coupon (Interest Rate): | 9.500% | |
Price to Public: | 99.990% | |
Yield to Maturity: | 9.500% | |
Make-Whole Call: | Prior to April 15, 2025; T+50 bps | |
Par Call: | On or after April 15, 2025 | |
CUSIP / ISIN: | 500255 AW4 / US500255AW45 | |
Joint Book-Running Managers: | Goldman Sachs & Co. LLC Morgan Stanley & Co. LLC Wells Fargo Securities, LLC | |
SeniorCo-Managers: | BofA Securities, Inc. J.P. Morgan Securities LLC U.S. Bancorp Investments, Inc. MUFG Securities Americas Inc. BMO Capital Markets Corp. TD Securities (USA) LLC | |
Co-Managers: | Capital One Securities, Inc. Fifth Third Securities, Inc. HSBC Securities (USA) Inc. BNY Mellon Capital Markets, LLC PNC Capital Markets LLC Comerica Securities, Inc. Siebert Williams Shank & Co., LLC |
*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.
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