Filed Pursuant to Rule 433 Registration No. 333-130214 Registration No. 333-130214-01 December 13, 2005 |
BNSF Funding Trust I
Fixed Rate/Floating Rate Trust Preferred Securities Due 2055
December 12, 2005
Terms and Conditions of the Issue
| Issuer: | BNSF Funding Trust I | |
| Guarantor: | Burlington Northern Santa Fe Corporation | |
| Trust Assets: | Fixed Rate/ Floating Rate Junior Subordinated Notes | |
| Ratings (Moody’s/ S&P): | Ba1/BBB (Moody’s/S&P) | |
| Size: | $500,000,000 | |
| Maturity Date: | December 15, 2055 | |
| Interest for first 20 years: | Fixed Rate payable semi-annually on a 30/360 basis | |
| Initial Coupon: | 6.613% | |
| Interest Years 20 to 50: | 3M LIBOR + 235 bps | |
| Public Offering Price: | 100.00% | |
| UST Spot (Price/Yield): | 109-9+ / 4.738% | |
| Spread to Benchmark: | T 30 + 187.5 bps | |
| Yield to Maturity: | 6.612% | |
| Optional Redemption: | January 15, 2026 | |
| Trade Date: | December 12, 2005 | |
| Settlement Date (T+3): | December 15, 2005 | |
| Interest Payment Date: | January 15 and July 15 | |
| First Payment Date: | July 15, 2006 | |
| Make/Whole Redemption: | At any time prior to January 15, 2026 at the greater of par or T+35 | |
| Special Event Redemption: | At the greater of par or T+50 | |
| Clearing Systems: | DTC | |
| Minimum Denominations: | 1,000 x 1,000 | |
| Book Runners: | Merrill Lynch / Goldman Sachs | |
| Registration: | SEC Registered | |
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 TOLL-FREE 1-800 248 3580.
