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FWP Filing
Snap-on (SNA) FWPFree writing prospectus
Filed: 11 Aug 09, 12:00am
Filed pursuant to Rule 433 | ||
Registration No. 333-139863 | ||
August 11, 2009 |
Issuer: | Snap-on Incorporated | |
Title: | 6.125% Notes due 2021 | |
Principal Amount: | $250,000,000 | |
Coupon: | 6.125% | |
Maturity Date: | September 1, 2021 | |
Treasury Benchmark: | 3.125% due May 15, 2019 | |
Benchmark Treasury Yield: | 3.678% | |
Spread to Treasury: | Plus 245 basis points | |
Yield to Maturity: | 6.128% | |
Price to Public: | 99.970% of the principal amount | |
Interest Payment Dates: | Semi-annually on March 1 and September 1, commencing on March 1, 2010 | |
Record Dates: | February 15 and August 15 | |
Optional Redemption: | Make-whole call at any time at Treasury plus 37.5 basis points | |
Change of Control Put: | 101% of principal amount plus accrued interest | |
Settlement Date: | T+3; August 14, 2009 | |
Expected Ratings: | Moody’s: Baa1 (stable outlook) S&P: A- (negative outlook) | |
CUSIP: | 833034 AH4 | |
Active Book-Running Managers: | Citigroup Global Markets Inc. J.P. Morgan Securities Inc. | |
Passive Book-Running Managers: | Mizuho Securities USA Inc. UBS Securities LLC Barclays Capital Inc. | |
Co-Managers: | BBVA Securities Inc. Credit Suisse Securities (USA) LLC Fifth Third Securities, Inc. RBC Capital Markets Corporation Robert W. Baird & Co. Incorporated SG Americas Securities, LLC The Williams Capital Group, L.P. U.S. Bancorp Investments, Inc. |