Free Writing Prospectus
Filed Pursuant to Rule 433
Registration Number 333-221904
Dated August 3, 2020
$850,000,000
Service Corporation International
3.375% Senior Notes due 2030
| Issuer: | Service Corporation International | |||
| Title of Securities: | 3.375% Senior Notes due 2030 | |||
| Distribution: | SEC Registered | |||
| Face: | $850,000,000 | |||
| Gross Proceeds: | $850,000,000 | |||
| Coupon: | 3.375% | |||
| Final Maturity Date: | August 15, 2030 | |||
| Offering Price: | 100.000% plus accrued interest, if any, from August 10, 2020 | |||
| Yield to Maturity: | 3.375% | |||
| Interest Payment Dates: | Semi-annually in arrears on February 15 and August 15 of each year | |||
| First Interest Payment Date: | February 15, 2021 | |||
| Optional Redemption: | Make-whole call at T+50 basis points prior to August 15, 2025, plus accrued and unpaid interest, if any | |||
| Call Schedule: | On or after: | Price: | ||
| August 15, 2025 | 101.688% | |||
| August 15, 2026 | 101.125% | |||
| August 15, 2027 | 100.563% | |||
| August 15, 2028 and thereafter | 100.000% | |||
| Change of Control: | Put at 101% of principal, plus accrued and unpaid interest, if any | |||
| Trade Date: | August 3, 2020 | |||
| Settlement Date: | August 10, 2020 (T+5) (1) | |||
| Denominations: | Minimum of $2,000 and integral multiples of $1,000 in excess thereof | |||
| CUSIP: | 817565 CF9 | |||
| ISIN: | US817565CF96 | |||
| Joint Book-Running Managers: | BofA Securities, Inc. J.P. Morgan Securities LLC Truist Securities, Inc. Wells Fargo Securities, LLC | |||
| Senior Co-Managers: | BBVA Securities Inc. PNC Capital Markets LLC Regions Securities LLC Scotia Capital (USA) Inc. | |||
| Lead Co-Managers: | Citizens Capital Markets, Inc. Fifth Third Securities, Inc. HSBC Securities (USA) Inc. MUFG Securities Americas Inc. Raymond James & Associates, Inc. RBC Capital Markets, LLC U.S. Bancorp Investments, Inc. Zions Direct, Inc. | |||
(1) It is expected that delivery of the notes will be made, against payment of the notes, on or about August 10, 2020, which will be the fifth business day in the United States following the date of pricing of the notes (such settlement cycle being referred to as “T+5”). Under Rule 15c6-1 of the Securities Exchange Act of 1934, as amended, purchases or sales of securities in the secondary market generally are required to settle within two business days, unless the parties to any such transaction expressly agree otherwise. Accordingly, purchasers of the notes who wish to trade the notes prior to the second business day before delivery of the notes will be required, because the notes will settle in T+5 in the United States, to specify an alternate settlement cycle at the time of any such trade to prevent a failed settlement. Purchasers of the notes who wish to trade the notes prior to the second business day before the delivery of the notes should consult their own legal advisors.
The issuer has filed a registration statement, including a prospectus and a prospectus supplement, with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus and 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 website at www.sec.gov. Alternatively, when available, copies of the prospectus supplement relating to the public offering may be obtained from: BofA Securities by calling toll-free at 1-800-294-1322 or by emailing dg.prospectus_requests@bofa.com.
Any disclaimer or other notice that may appear below is not applicable to this communication and should be disregarded. Such disclaimer or notice was automatically generated as a result of this communication being sent by Bloomberg or another email system.
