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Brookfield Asset Management Inc. – ‘FWP’ on 2/18/20 re: Brookfield Asset Management Inc.

On:  Tuesday, 2/18/20, at 5:24pm ET   ·   Accession #:  1104659-20-22497   ·   File #:  333-236217

Previous ‘FWP’:  ‘FWP’ on 1/24/19   ·   Next:  ‘FWP’ on 4/7/20   ·   Latest:  ‘FWP’ on 2/26/24

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/18/20  Brookfield Asset Management Inc.  FWP                    1:42K  Brookfield Asset Management Inc.  Toppan Merrill/FA

Free-Writing Prospectus   —   Rule 163 / 433   —   SA’33
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: FWP         Free-Writing Prospectus                             HTML     28K 


This is an HTML Document rendered as filed.  [ Alternative Formats ]



Filed Pursuant to Rule 433

Registration Nos. 333-236217 and 333-236221

February 18, 2020

 

BROOKFIELD FINANCE LLC

US$600,000,000 3.450% NOTES DUE 2050

 

PRICING TERM SHEET

February 18, 2020

 

Issuer:

 

Brookfield Finance LLC

 

 

 

Guarantor:

 

Brookfield Asset Management Inc.

 

 

 

Guarantee:

 

The notes will be fully and unconditionally guaranteed as to payment of principal, premium (if any) and interest and certain other amounts by Brookfield Asset Management Inc.

 

 

 

Security:

 

3.450% Senior Unsecured Notes due 2050

 

 

 

Expected Ratings*:

 

Baa1 (stable) (Moody’s Investors Service, Inc.)
A- (stable) (S&P Global Ratings)
A- (stable) (Fitch Ratings, Inc.)
A (low) (stable) (DBRS Limited)

 

 

 

Ranking:

 

Senior Unsecured

 

 

 

Size:

 

US$600,000,000

 

 

 

Trade Date:

 

February 18, 2020

 

 

 

Expected Settlement Date**:

 

February 21, 2020 (T+3)

 

 

 

Maturity Date:

 

April 15, 2050

 


 

Coupon:

 

3.450%

 

 

 

Interest Payment Dates:

 

April 15 and October 15, commencing April 15, 2020

 

 

 

Price to Public:

 

99.058%

 

 

 

Benchmark Treasury:

 

UST 2.375% due November 15, 2049

 

 

 

Benchmark Treasury Price & Yield:

 

108-11+; 2.001%

 

 

 

Spread to Benchmark Treasury:

 

+ 150 basis points

 

 

 

Yield:

 

3.501%

 

 

 

Denominations:

 

Initial denominations of US$2,000 and subsequent multiples of US$1,000

 

 

 

Covenants:

 

Change of control (put @ 101%)
Negative pledge
Consolidation, merger, amalgamation and sale of substantial assets

 

 

 

Redemption Provisions:

 

 

 

 

 

Make-Whole Call:

 

Prior to October 15, 2049 (six months prior to maturity), treasury rate plus 25 basis points

 

2


 

Par Call:

 

At any time on or after October 15, 2049 (six months prior to maturity), at 100% of the principal amount of the notes to be redeemed

 

 

 

Use of Proceeds:

 

The net proceeds from the sale of the notes will be used to redeem all of the outstanding Cdn$350 million aggregate principal amount of 5.30% notes due March 1, 2021 issued by Brookfield Asset Management Inc. and the remainder for general corporate purposes

 

 

 

CUSIP/ISIN:

 

11271R AB5 / US11271RAB50

 

 

 

Joint Book-Running Managers:

 

Deutsche Bank Securities Inc.
BofA Securities, Inc.
SMBC Nikko Securities America, Inc.

 

 

 

Co-Managers:

 

Banco Bradesco BBI S.A.
BNP Paribas Securities Corp.
Itau BBA USA Securities, Inc.
Mizuho Securities USA Inc.
MUFG Securities Americas Inc.
Natixis Securities Americas LLC
Santander Investment Securities Inc.
SG Americas Securities, LLC

 


*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.

 

**Note: Under Rule 15c6-1 under the U.S. Securities Exchange Act of 1934, trades in the secondary market generally are required to settle in two business days, unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade notes prior to the delivery date will be required, by virtue of the fact that the notes initially will settle in T+3, to specify an alternate settlement cycle at the time of any such trade to prevent a failed settlement. Purchasers of notes who wish to trade notes prior to the delivery date should consult their own advisor.

 

The issuer and the guarantor have filed a joint 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 and the guarantor have filed with the SEC for more complete information about the issuer, the guarantor and this offering.

 

3


 

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 Deutsche Bank Securities Inc. (toll free) at 1-800-503-4611 or by emailing prospectus.CPDG@db.com or by calling BofA Securities, Inc. (toll free) at 1-800-294-1322 or by emailing dg.prospectus_requests@bofa.com.

 

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Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘FWP’ Filing    Date    Other Filings
3/1/21
4/15/20
2/21/20
Filed on:2/18/2013F-HR/A,  6-K,  SUPPL
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Filing Submission 0001104659-20-022497   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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