Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp)

Filed Pursuant to Rule 433

Registration No. 333-202247

March 17, 2016

Supplementing the Preliminary

Prospectus Supplement dated March 17, 2016

(To Prospectus dated February 24, 2015)

 

3.75% Senior Notes Due 2026
Issuer:		Loews Corporation
Format:		SEC Registered
Securities:		3.75% Senior Notes due 2026
Security Type:		Senior Unsecured Fixed Rate Notes
Ratings (Moody’s/S&P/Fitch):*		A3 / A+ / A
Trade Date:		March 17, 2016
Settlement Date:		March 22, 2016 (T+3)
Maturity Date:		April 1, 2026
Interest Payment Dates:		April 1 and October 1, commencing October 1, 2016
Principal Amount:		$500,000,000
Treasury Benchmark:		1.625% due February 15, 2026
Treasury Benchmark Yield:		1.901%
Spread to Treasury Benchmark:		187.5 bps
Yield to Maturity:		3.776%
Coupon:		3.75%
Price to Public:		99.784%
Make-Whole Call:		Make-whole redemption at any time prior to January 1, 2026 at a discount rate of U.S. Treasury + 30 bps
Par Call:		If the Notes are redeemed on or after January 1, 2026, the Issuer will pay a redemption price equal to 100% of the principal amount of the Notes redeemed plus accrued interest to the date of redemption
CUSIP / ISIN:		540424 AS7 / US540424AS76
Denomination:		$2,000 and integral multiples of $1,000 in excess thereof
Joint Book-Running Managers:		Barclays Capital Inc.
		J.P. Morgan Securities LLC
		Citigroup Global Markets Inc.
		Mitsubishi UFJ Securities (USA), Inc.
		Wells Fargo Securities, LLC
Co-Managers:		BB&T Capital Markets, a division of BB&T Securities, LLC
		Credit Suisse Securities (USA) LLC
		Deutsche Bank Securities Inc.
		Goldman, Sachs & Co.
		HSBC Securities (USA) Inc.
		Merrill Lynch, Pierce, Fenner & Smith
		Incorporated
		Mizuho Securities USA Inc.
		Morgan Stanley & Co. LLC
		RBC Capital Markets, LLC
		Regions Securities LLC
		Santander Investment Securities Inc.
		SunTrust Robinson Humphrey, Inc. U.S.
		Bancorp Investments, Inc.

 

*	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.

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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 Book-Running Managers in the offering will arrange to send you the prospectus if you request it by contacting Barclays Capital Inc. toll-free at 1-888-603-5847 or J.P. Morgan Securities LLC collect at 1-212-834-4533.

Any legends, disclaimers or other notices that may appear below are not applicable to this communication and should be disregarded. Such legends, disclaimers or other notices have been automatically generated as a result of this communication having been sent via Bloomberg or another system.