Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp)
March 21 2017 - 5:04PM
Edgar (US Regulatory)
Filed Pursuant to Rule 433
Registration Statement No. 333-213143
BLACKROCK, INC.
$700,000,000 SENIOR UNSECURED NOTE OFFERING
PRICING TERM SHEET
March 21, 2017
$700,000,000
3.200%
Notes due 2027
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Issuer:
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BlackRock, Inc. (BlackRock)
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Expected Ratings*:
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A1 by Moodys Investors Service, Inc.
AA- by Standard & Poors Ratings Services
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Trade Date:
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March 21, 2017
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Settlement Date:
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March 28, 2017 (T+5)
Under Rule 15c6-1 of the Securities Exchange Act of 1934, as amended, trades in the secondary market generally are required to settle in three business days,
unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade the notes on the date hereof or the next business day will be required, because the notes initially will settle in T+5, to specify an alternate
settlement cycle at the time of any such trade to prevent a failed settlement. If you wish to trade the notes on the date hereof or the next business day, you should consult your own advisors.
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Principal Amount:
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$700,000,000
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Maturity Date:
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March 15, 2027
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Price to Public:
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99.595%
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All-in-Price:
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99.145%
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Proceeds to Issuer before Expenses:
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$694,015,000
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Coupon:
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3.200%
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Benchmark Treasury:
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2.250% due February 15, 2027
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Benchmark Treasury Price and Yield:
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98-14; 2.428%
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Spread to Benchmark Treasury:
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+ 82 basis points
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Yield to Maturity:
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3.248%
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Interest Payment Dates:
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Paid semi-annually on March 15 and September 15, commencing September 15, 2017
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Optional Redemption:
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Make-whole call at Treasury + 12.5 bps
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CUSIP:
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09247XAN1
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ISIN:
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US09247XAN12
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Joint Book-Running Managers:
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J.P. Morgan Securities LLC
Merrill Lynch,
Pierce, Fenner & Smith
Incorporated
Morgan Stanley & Co. LLC
Deutsche Bank Securities Inc.
Wells Fargo Securities, LLC
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Co-Managers:
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Barclays Capital Inc.
BNP Paribas Securities
Corp.
Citigroup Global Markets Inc.
Credit Suisse Securities
(USA) LLC
Goldman, Sachs & Co.
HSBC Securities (USA)
Inc.
Mizuho Securities USA Inc.
MUFG Securities Americas
Inc.
RBC Capital Markets, LLC
UBS Securities LLC
RBS Securities Inc.
SG Americas Securities, LLC
Cabrera Capital Markets, LLC
CastleOak Securities, L.P.
Loop Capital Markets LLC
Mischler Financial Group, Inc.
The Williams Capital Group, L.P.
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* 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, any underwriter or any dealer participating in the offering will arrange to send you the prospectus and the prospectus supplement, when available, if you
request it by calling toll free (i) J.P. Morgan Securities LLC collect at 1-212-834-4533; (ii) Merrill Lynch, Pierce, Fenner & Smith Incorporated at 1 (800) 294-1322; and (iii) Morgan Stanley & Co. LLC toll-free
at 1-866-718-1649.
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