Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp)
March 26 2020 - 5:28PM
Edgar (US Regulatory)
Filed Pursuant to Rule 433
Registration No. 333-229627
CSX Corporation
PRICING
TERM SHEET
March 26, 2020
$500,000,000 3.800% Notes due 2050 (the “Notes”)
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Issuer:
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CSX Corporation
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Expected Ratings*:
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Baa1 / BBB+
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Security:
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3.800% Notes due 2050
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Size:
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$500,000,000
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Maturity Date:
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April 15, 2050
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Coupon:
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3.800%
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Interest Payment Dates:
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April 15 and October 15, commencing October 15, 2020
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Price to Public:
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99.536%
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Benchmark Treasury:
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2.375% due November 15, 2049
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Benchmark Treasury Price and Yield:
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124-08;1.376%
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Spread to Benchmark Treasury:
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+ 245 bps
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Yield to Maturity:
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3.826%
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Make-Whole Call:
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T + 40 bps
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Par Call:
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Within six months prior to the maturity date
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Trade Date:
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March 26, 2020
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Expected Settlement Date:
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March 30, 2020 (T+2)
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CUSIP / ISIN:
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126408 HS5 / US126408HS51
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Joint Book-Running Managers:
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Barclays Capital Inc.
Citigroup Global Markets Inc.
Morgan Stanley & Co. LLC
UBS Securities LLC
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Senior Co-Managers:
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Credit Suisse Securities (USA) LLC
J.P. Morgan Securities LLC
Mizuho Securities USA LLC
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Co-Managers:
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PNC Capital Markets LLC
Siebert Williams Shank & Co., LLC
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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 the related prospectus supplement 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 Barclays Capital Inc. toll-free at 1-888-603-5847, Citigroup Global Markets Inc. toll-free at 1-800-831-9146, Morgan
Stanley & Co. LLC toll free at 1-866-718-1649, or UBS Securities LLC toll-free at 1-888-827-7275.
Any disclaimer or other notice that may appear
below is not applicable to this communication and should be disregarded. Such disclaimer or notice was automatically generated as a result of this communication being sent by Bloomberg or another email system.
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