FWP 1 dfwp.htm FREE WRITING PROSPECTUS Free Writing Prospectus

Filed Pursuant to Rule 433

Registration No. 333-130932





January 10, 2006


    2006 Series A Senior Notes

  2006 Series B Senior Notes

Principal Amount:

  $450,000,000   $550,000,000

Trade Date:

  10-Jan-2006   10-Jan-2006

Settlement Date:

  13-Jan-2006   13-Jan-2006

Final Maturity Date:

  15-Jan-2016   15-Jan-2036

Call Provisions:

  MW Call @ T+20bp   MW Call @ T+25bp

Expected Credit Ratings (Moody's/S&P):

  A3(neg watch)/BBB(stable)   A3(neg watch)/BBB(stable)

Interest Payment Dates:

  Jan 15 & Jul 15   Jan 15 & Jul 15

First Interest Payment Date:

  15-Jul-2006   15-Jul-2006

Treasury Benchmark:

  4.5% due Nov 2015   5.375% due Feb 2031

Benchmark Yield:

  4.434%   4.615%

Spread to Benchmark:

  +100 bp   +140 bp

Reoffer Yield:

  5.434%   6.015%


  5.400%   6.000%

Price to Public:

  99.740%   99.792%


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:



   (212) 834 4533 (collect)

Lehman Brothers

   (212) 526 9664 (collect)

Merrill Lynch & Co.

   1 (800) 248 3580 (toll-free)