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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Starbucks Corporation | NASDAQ:SBUX | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-1.51 | -2.02% | 73.42 | 72.89 | 74.52 | 75.51 | 72.985 | 75.27 | 22,153,875 | 05:00:08 |
Free Writing Prospectus
Filed Pursuant to Rule 433
Registration No. 333-233771
Relating to the Preliminary Prospectus Supplement dated March 10, 2020
(to Prospectus dated September 13, 2019)
$1,750,000,000
Starbucks Corporation
$500,000,000 2.000% Senior Notes due 2027
$750,000,000 2.250% Senior Notes due 2030
$500,000,000 3.350% Senior Notes due 2050
Pricing Term Sheet
March 10, 2020
Issuer: | Starbucks Corporation | |||||
Ratings (Moodys/S&P/Fitch):* | Baa1 (Stable Outlook) / BBB+ (Stable Outlook) / BBB+ (Stable Outlook) | |||||
Format: | SEC Registered | |||||
Ranking: | Senior Unsecured | |||||
Trade Date: | March 10, 2020 | |||||
Settlement Date: | March 12, 2020 (T+2) | |||||
Joint Book-Running Managers: |
BofA Securities, Inc. Goldman Sachs & Co. LLC Morgan Stanley & Co. LLC U.S. Bancorp Investments, Inc. Citigroup Global Markets Inc. |
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Senior Co-Managers: |
Wells Fargo Securities, LLC J.P. Morgan Securities LLC Scotia Capital (USA) Inc. |
|||||
Co-Managers: |
Fifth Third Securities, Inc. HSBC Securities (USA) Inc. Rabo Securities USA, Inc. SunTrust Robinson Humphrey, Inc. Blaylock Van, LLC Loop Capital Markets LLC |
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Title: |
2.000% Senior Notes due 2027 (the 2027 notes) |
2.250% Senior Notes due 2030 (the 2030 notes) |
3.350% Senior Notes due 2050 (the 2050 notes) |
|||
Principal Amount: | $500,000,000 | $750,000,000 | $500,000,000 | |||
Maturity Date: | March 12, 2027 | March 12, 2030 | March 12, 2050 | |||
Interest Payment Dates: | March 12 and September 12, beginning September 12, 2020 | March 12 and September 12, beginning September 12, 2020 | March 12 and September 12, beginning September 12, 2020 | |||
Interest Payment Record Dates: | February 26 and August 29 | February 26 and August 29 | February 26 and August 29 |
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Change of Control Repurchase: | Upon the occurrence of a change of control triggering event (which involves the occurrence of both a change of control and a below investment grade rating of the 2027 notes by Moodys and S&P), the Issuer will be required, unless the Issuer has exercised its option to redeem the 2027 notes, to make an offer to purchase the 2027 notes at a price equal to 101% of the principal amount plus accrued and unpaid interest to the date of repurchase. | Upon the occurrence of a change of control triggering event (which involves the occurrence of both a change of control and a below investment grade rating of the 2030 notes by Moodys and S&P), the Issuer will be required, unless the Issuer has exercised its option to redeem the 2030 notes, to make an offer to purchase the 2030 notes at a price equal to 101% of the principal amount plus accrued and unpaid interest to the date of repurchase. | Upon the occurrence of a change of control triggering event (which involves the occurrence of both a change of control and a below investment grade rating of the 2050 notes by Moodys and S&P), the Issuer will be required, unless the Issuer has exercised its option to redeem the 2050 notes, to make an offer to purchase the 2050 notes at a price equal to 101% of the principal amount plus accrued and unpaid interest to the date of repurchase. | |||
CUSIP/ISIN: |
855244 AV1/ US855244AV14 |
855244 AW9/ US855244AW96 |
855244 AX7/ US855244AX79 |
* |
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. Each of the security ratings above should be evaluated independently of any other security rating. |
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 in that registration statement, the prospectus supplement and other documents the Issuer has filed with the SEC for more complete information about the Issuer and this offering. You should rely on the prospectus, prospectus supplement and any relevant free writing prospectus or pricing supplement for complete details. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, copies of the prospectus and the prospectus supplement may be obtained by calling BofA Securities Inc. toll-free at (800) 294-1322; Goldman Sachs and Co. LLC toll-free at (866) 471-2526; Morgan Stanley & Co. LLC toll-free at (866) 718-1649; or U.S. Bancorp Investments, Inc. toll-free at (877) 558-2607.
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