0001193125-20-133712.txt : 20200505 0001193125-20-133712.hdr.sgml : 20200505 20200505161102 ACCESSION NUMBER: 0001193125-20-133712 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20200505 DATE AS OF CHANGE: 20200505 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CLOROX CO /DE/ CENTRAL INDEX KEY: 0000021076 STANDARD INDUSTRIAL CLASSIFICATION: SPECIALTY CLEANING, POLISHING AND SANITATION PREPARATIONS [2842] IRS NUMBER: 310595760 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-224699 FILM NUMBER: 20848924 BUSINESS ADDRESS: STREET 1: THE CLOROX COMPANY STREET 2: 1221 BROADWAY CITY: OAKLAND STATE: CA ZIP: 94612-1888 BUSINESS PHONE: 5102717000 MAIL ADDRESS: STREET 1: P.O. BOX 24305 CITY: OAKLAND STATE: CA ZIP: 94612-1305 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CLOROX CO /DE/ CENTRAL INDEX KEY: 0000021076 STANDARD INDUSTRIAL CLASSIFICATION: SPECIALTY CLEANING, POLISHING AND SANITATION PREPARATIONS [2842] IRS NUMBER: 310595760 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: THE CLOROX COMPANY STREET 2: 1221 BROADWAY CITY: OAKLAND STATE: CA ZIP: 94612-1888 BUSINESS PHONE: 5102717000 MAIL ADDRESS: STREET 1: P.O. BOX 24305 CITY: OAKLAND STATE: CA ZIP: 94612-1305 FWP 1 d890381dfwp.htm FWP FWP

Filed Pursuant to Rule 433

Registration Statement No. 333-224699

May 5, 2020

THE CLOROX COMPANY

$500,000,000 1.800% SENIOR NOTES DUE 2030

Pricing Term Sheet

 

Issuer:    The Clorox Company
Principal Amount:    $500,000,000
Security Type:    Senior Notes
Legal Format:    SEC Registered
Trade Date:    May 5, 2020
Settlement Date:    May 8, 2020 (T+3)
Maturity Date:    May 15, 2030
Public Offering Price:    99.109% of the principal amount
Coupon:    1.800%
Yield to Maturity:    1.898%
Benchmark Treasury:    1.500% due February 15, 2030
Benchmark Treasury Price / Yield:    108-02 / 0.648%
Spread to Benchmark Treasury:    +125 basis points
Interest Payment Dates:    May 15 and November 15, commencing November 15, 2020
Make-Whole Call:    T+20 basis points prior to February 15, 2030 (the date that is 3 months prior to the maturity date of the notes).
Par Call:    On or after February 15, 2030 (the date that is three months prior to the maturity date of the notes), we may redeem all or any portion of the notes at our option at any time at a redemption price equal to 100% of the principal amount of the notes being redeemed

   plus accrued and unpaid interest to, but excluding, the date of redemption.
CUSIP / ISIN:    189054 AX7 / US189054AX72
Joint Book-Running Managers:    Citigroup Global Markets Inc.
   Goldman Sachs & Co. LLC
   J.P. Morgan Securities LLC
   Morgan Stanley & Co. LLC
   Wells Fargo Securities, LLC
Senior Co-Managers:    MUFG Securities Americas Inc.
   RBC Capital Markets, LLC
   U.S. Bancorp Investments, Inc.
Co-Managers:    Scotia Capital (USA) Inc.
   Loop Capital Markets LLC
   BNP Paribas Securities Corp.
Ratings (Moody’s / S&P):    Baa1 (stable outlook) / A- (stable outlook)
   The securities ratings are made by the rating agencies and not the issuer or underwriters and a securities rating is not a recommendation by the rating agency, the issuer or the underwriters 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 U.S. Securities and Exchange Commission (SEC) for this offering to which this communication relates. Before you invest, you should read the preliminary prospectus supplement and 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 searching the SEC online database (EDGAR®) at www.sec.gov. Alternatively, you may obtain a copy of the prospectus supplement and prospectus from Citigroup Global Markets Inc. by calling (800) 831-9146, Goldman Sachs & Co. LLC by calling (866) 471-2526, J.P. Morgan Securities LLC by calling (212) 834-4533, Morgan Stanley & Co. LLC by calling (866) 718-1649 or Wells Fargo Securities, LLC by calling (800) 645-3751.