-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, EaTWvYbxsgC5m/pBr/JjxS2ABIzzG3D/zKZYZMb9tWMtPg/+akF53w1K7PG+m+3y 7JLgVt2Sz1/7++gVnL1t7A== 0000950123-07-011229.txt : 20070810 0000950123-07-011229.hdr.sgml : 20070810 20070810061345 ACCESSION NUMBER: 0000950123-07-011229 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20070810 DATE AS OF CHANGE: 20070810 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SCHERING PLOUGH CORP CENTRAL INDEX KEY: 0000310158 STANDARD INDUSTRIAL CLASSIFICATION: PHARMACEUTICAL PREPARATIONS [2834] IRS NUMBER: 221918501 STATE OF INCORPORATION: NJ FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-145055 FILM NUMBER: 071042771 BUSINESS ADDRESS: STREET 1: 2000 GALLOPING HILL ROAD CITY: KENILWORTH STATE: NJ ZIP: 07033 BUSINESS PHONE: 9082984000 MAIL ADDRESS: STREET 1: 2000 GALLOPING HILL ROAD CITY: KENILWORTH STATE: NJ ZIP: 07033 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: SCHERING PLOUGH CORP CENTRAL INDEX KEY: 0000310158 STANDARD INDUSTRIAL CLASSIFICATION: PHARMACEUTICAL PREPARATIONS [2834] IRS NUMBER: 221918501 STATE OF INCORPORATION: NJ FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 2000 GALLOPING HILL ROAD CITY: KENILWORTH STATE: NJ ZIP: 07033 BUSINESS PHONE: 9082984000 MAIL ADDRESS: STREET 1: 2000 GALLOPING HILL ROAD CITY: KENILWORTH STATE: NJ ZIP: 07033 FWP 1 y36685fwfwp.htm FREE WRITING PROSPECTUS FWP
 

Filed Pursuant to Rule 433
Registration No. 333-145055
Pricing Term Sheet
August 9, 2007
Schering-Plough Corporation
Common Shares
     The following information supplements the Preliminary Prospectus Supplement, dated August 2, 2007, filed pursuant to Rule 424(b)(3), Registration Statement No. 333-145055.
     
Issuer:
  Schering-Plough Corporation
 
    
Title of securities:
  Common shares
 
    
Shares issued:
  50,000,000 
 
    
Greenshoe option:
  7,500,000 shares
 
    
Price to public:
  $27.50 per share
 
    
Trade date:
  August 9, 2007
 
    
Settlement date:
  August 15, 2007
 
    
Concurrent offering of mandatory convertible preferred stock:
  The Issuer priced its concurrent registered public offering of 10,000,000 shares of 6.00% Mandatory Convertible Preferred Stock (11,500,000 shares if the underwriters exercise their greenshoe option in full) at a price to the public of $250 per share.
 
    
 
  Each share of the 6.00% Mandatory Convertible Preferred Stock has a liquidation preference of $250, plus accrued, cumulated and unpaid dividends. Unless earlier converted, each share of the 6.00% Mandatory Convertible Preferred Stock will automatically convert on August 13, 2010, into between 7.4206 and 9.0909 common shares, subject to anti-dilution adjustments.
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.

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