SEC Info℠ | Home | Search | My Interests | Help | Sign In | Please Sign In | ||||||||||||||||||||
As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 11/29/22 Linde Inc. FWP 1:24K Linde Inc. Donnelley … Solutions/FA |
Document/Exhibit Description Pages Size 1: FWP Free-Writing Prospectus HTML 22K
FWP |
Free Writing Prospectus (Supplements the Preliminary Prospectus Supplement dated November 28, 2022) |
Filed pursuant to Rule 433 under the Securities Act of 1933 Registration Statement No. 333-238875 |
Linde Inc.
$300,000,000 4.800% Notes due 2024 (the “2024 Notes”)
$600,000,000 4.700% Notes due 2025 (the “2025 Notes” and, together with the 2024 Notes, the “Notes”)
Pricing Term Sheet
Terms Applicable to Each Series of Notes | ||
Issuer: | Linde Inc., a Delaware corporation (formerly known as Praxair, Inc.) | |
Expected Ratings (Moody’s/S&P)*: | A2/A | |
Interest Payment Dates: | Semi-annually in arrears on each June 5 and December 5, commencing June 5, 2023. | |
Interest Record Dates: | May 20 and November 20 | |
Joint Book-Running Managers: | BofA Securities, Inc. Citigroup Global Markets Inc. Deutsche Bank Securities Inc. | |
Co-Managers: | BBVA Securities Inc. BNP Paribas Securities Corp. Santander Investment Securities Inc. Standard Chartered Bank Australia and New Zealand Banking Group Limited BNY Mellon Capital Markets, LLC Banco Bradesco BBI S.A. Commerz Markets LLC Credit Agricole Securities (USA) Inc. Landesbank Hessen-Thüringen Girozentrale Siebert Williams Shank & Co., LLC Skandinaviska Enskilda Banken AB (publ) Westpac Banking Corporation | |
Trade Date: | November 28, 2022 |
-1-
Settlement Date: | December 5, 2022 (T+5). Under Rule 15c6-1 of the Securities and Exchange Act of 1934, as amended, trades in the secondary market are required to settle in two business days, unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade the Notes on the date of pricing or the two business days thereafter will be required, by virtue of the fact that the Notes will initially settle in T+5, to specify an alternate settlement cycle at the time of any such trade to prevent a failed settlement and should consult their own advisors. | |
Terms Applicable to the 2024 Notes | ||
Title of Securities: | 4.800% Notes due 2024 | |
Principal Amount: | $300,000,000 | |
Maturity Date: | December 5, 2024 | |
Benchmark Treasury: | 4.500% UST due November 30, 2024 | |
Benchmark Treasury Price: | 100-015/8 | |
Benchmark Treasury Yield: | 4.473% | |
Spread to Benchmark Treasury: | 35 basis points | |
Yield to Maturity: | 4.823% | |
Interest Rate: | 4.800% per annum | |
Public Offering Price (Issue Price): | 99.957% of the principal amount thereof plus accrued interest, if any, from December 5, 2022, if settlement occurs after that date. | |
Optional Redemption: | Make-whole call at T+10 basis points, plus accrued and unpaid interest on the principal amount of the 2024 Notes being redeemed. | |
CUSIP/ISIN: | 53522K AA1 / US53522KAA16 | |
Terms Applicable to the 2025 Notes | ||
Title of Securities: | 4.700% Notes due 2025 | |
Principal Amount: | $600,000,000 | |
Maturity Date: | December 5, 2025 | |
Benchmark Treasury: | 4.500% UST due November 15, 2025 | |
Benchmark Treasury Price: | 100-23 | |
Benchmark Treasury Yield: | 4.239% |
-2-
Spread to Benchmark Treasury: | 50 basis points | |
Yield to Maturity: | 4.739% | |
Interest Rate: | 4.700% per annum | |
Public Offering Price (Issue Price): | 99.892% of the principal amount thereof plus accrued interest, if any, from December 5, 2022, if settlement occurs after that date. | |
Optional Redemption: | Make-whole call at T+10 basis points prior to November 5, 2025; 100% of principal amount on or after November 5, 2025, in either case, plus accrued and unpaid interest on the principal amount of the 2025 Notes being redeemed. | |
CUSIP/ISIN: | 53522K AB9 / US53522KAB98 |
* | 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. |
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 website 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 contacting any of the Joint Book-running Managers as set forth below:
BofA Securities, Inc. | dg.prospectus_requests@bofa.com or | |
800-294-1322 (toll free) | ||
Citigroup Global Markets Inc. | prospectus@citi.com or | |
800-831-9146 (toll free) | ||
Deutsche Bank Securities Inc. | prospectus.cpdg@db.com or | |
800-503-4611 (toll free) |
Any disclaimers or other notices that may appear below are not applicable to this communication and should be disregarded. Such disclaimers or other notices were automatically generated as a result of this communication being sent via Bloomberg or another email system.
-3-
This ‘FWP’ Filing | Date | Other Filings | ||
---|---|---|---|---|
12/5/25 | ||||
11/15/25 | ||||
11/5/25 | ||||
12/5/24 | ||||
11/30/24 | ||||
6/5/23 | ||||
12/5/22 | ||||
Filed as of: | 11/29/22 | |||
Filed on: | 11/28/22 | 424B2 | ||
List all Filings |