Filed pursuant to Rule 433
Registration No. 333-136224
Dated May 19, 2008
Registration No. 333-136224
Dated May 19, 2008
FINAL TERM SHEET
5.375% Senior Notes Due 2018
Issuer:
|
Baxter International Inc. | |
Ratings:
|
A3/A+/A | |
Format:
|
SEC-Registered | |
Ranking:
|
Senior Unsecured Notes | |
Offering Size:
|
$500 million | |
Trade Date:
|
May 19, 2008 | |
Settlement Date:
|
May 22, 2008 (T+3) | |
Maturity:
|
June 1, 2018 | |
Interest Payment Dates:
|
Semi-annually on each June 1 and December 1 | |
First Pay Date:
|
December 1, 2008 | |
Treasury Benchmark:
|
3.875% due 05/15/2018 | |
Benchmark (Price/Yield):
|
100-11/3.833% | |
Spread to UST:
|
+158 bps | |
Re-offer Yield to Maturity:
|
5.413% | |
Coupon:
|
5.375% | |
Issue Price:
|
99.707% | |
Day Count Basis:
|
30/360 | |
Optional Redemption:
|
Make Whole +25bps | |
CUSIP:
|
071813AY5 | |
Bookrunners:
|
Goldman, Sachs & Co., J.P. Morgan Securities Inc. | |
Co-managers:
|
Banc of America Securities LLC, Mitsubishi UFJ Securities International plc, Barclays Capital Inc., Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., UBS 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.
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
Goldman, Sachs & Co. toll-free at 1-866-471-2526 or by calling J.P. Morgan Securities Inc. collect
at 212-834-4533.