Filed Pursuant to Rule 433
Registration No. 333-254807
Supplementing the Preliminary Prospectus
Supplement dated March 29, 2021
(To Prospectus dated March 29, 2021)
Kohl’s Corporation
Final Term Sheet
March 29, 2021
$500,000,000 3.375% Notes due 2031
Issuer: | Kohl’s Corporation | |
Security: | 3.375% Notes due 2031 | |
Trade Date: | March 29, 2021 | |
Settlement Date: | March 31, 2021 (T+2) | |
Aggregate Principal Amount: | $500,000,000 | |
Maturity Date: | May 1, 2031 | |
Benchmark Treasury: | UST 1.125% due February 15, 2031 | |
Benchmark Treasury Yield and Price: | 1.728% ; 94-17+ | |
Spread to Benchmark Treasury: | +167 basis points | |
Yield to Maturity: | 3.398% | |
Price to Public: | 99.802% | |
Coupon (Interest Rate): | 3.375% | |
Interest Payment Dates: | May 1 and November 1 of each year, commencing November 1, 2021 | |
Make-Whole Call: | Prior to February 1, 2031; T+25 bps | |
Par Call: | On or after February 1, 2031 | |
CUSIP / ISIN: | 500255 AX2 / US500255AX28 | |
Joint Book-Running Managers: | BofA Securities, Inc. J.P. Morgan Securities LLC Morgan Stanley & Co. LLC | |
Senior Co-Managers: | BMO Capital Markets Corp. Goldman Sachs & Co. LLC MUFG Securities Americas Inc. TD Securities (USA) LLC U.S. Bancorp Investments, Inc. Wells Fargo Securities, LLC | |
Co-Managers: | BNY Mellon Capital Markets, LLC Capital One Securities, Inc. Comerica Securities, Inc. Fifth Third Securities, Inc. HSBC Securities (USA) Inc. PNC Capital Markets LLC Siebert Williams Shank & Co., LLC | |
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 BofA Securities, In. toll-free 1-800-294-1322 or dg.prospectus_requests@bofa.com, J.P. Morgan Securities LLC, collect at (212) 834-4533, or Morgan Stanley & Co. LLC, toll-free at 1-866-718-1649 or prospectus@morganstanley.com.
Any disclaimers or other notices that may appear below are not applicable to this communication and should be disregarded. Such disclaimers were automatically generated as a result of this communication being sent via Bloomberg or another email system.
