0001104659-13-042091.txt : 20130516 0001104659-13-042091.hdr.sgml : 20130516 20130515214556 ACCESSION NUMBER: 0001104659-13-042091 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20130516 DATE AS OF CHANGE: 20130515 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Merck & Co. Inc. 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: 333-185248 FILM NUMBER: 13849344 BUSINESS ADDRESS: STREET 1: ONE MERCK DRIVE STREET 2: P.O. BOX 100 CITY: WHITEHOUSE STATION STATE: NJ ZIP: 08889-0100 BUSINESS PHONE: 908-423-4840 MAIL ADDRESS: STREET 1: ONE MERCK DRIVE STREET 2: P.O. BOX 100 CITY: WHITEHOUSE STATION STATE: NJ ZIP: 08889-0100 FORMER COMPANY: FORMER CONFORMED NAME: SCHERING PLOUGH CORP DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Merck & Co. Inc. 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: ONE MERCK DRIVE STREET 2: P.O. BOX 100 CITY: WHITEHOUSE STATION STATE: NJ ZIP: 08889-0100 BUSINESS PHONE: 908-423-4840 MAIL ADDRESS: STREET 1: ONE MERCK DRIVE STREET 2: P.O. BOX 100 CITY: WHITEHOUSE STATION STATE: NJ ZIP: 08889-0100 FORMER COMPANY: FORMER CONFORMED NAME: SCHERING PLOUGH CORP DATE OF NAME CHANGE: 19920703 FWP 1 a13-12267_3fwp.htm FWP

 

Issuer Free Writing Prospectus

Filed under Rule 433
Registration Statement No. 333- 185248

 

Pricing Term Sheet

 

Merck & Co., Inc.
May 15, 2013

Floating Rate Notes due 2016
0.700% Notes due 2016
Floating Rate Notes due 2018
1.300% Notes due 2018
2.800% Notes due 2023
4.150% Notes due 2043

 

Ratings of the Notes:

 

A2 / AA

 

 

 

Trade Date:

 

May 15, 2013

 

 

 

Settlement Date:

 

May 20, 2013

 

 

 

Active Book-Runners:

 

BNP Paribas Securities Corp., Deutsche Bank Securities Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC

 

 

 

Other Underwriters:

 

Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Goldman, Sachs & Co., HSBC Securities (USA) Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, RBS Securities Inc., UBS Securities LLC, Santander Investment Securities Inc., SG Americas Securities, LLC, SMBC Nikko Capital Markets Limited, Standard Chartered Bank, U.S. Bancorp Investments, Inc., Wells Fargo Securities, LLC, Drexel Hamilton, LLC, The Williams Capital Group, L.P.

 

 

 

Title:

 

Floating Rate Notes due 2016

 

0.700% Notes due 2016

 

Floating Rate Notes due 2018

 

1.300% Notes due 2018

 

2.800% Notes due 2023

 

4.150% Notes due 2043

 

 

 

 

 

 

 

 

 

 

 

 

 

Size:

 

$500,000,000

 

$1,000,000,000

 

$1,000,000,000

 

$1,000,000,000

 

$1,750,000,000

 

$1,250,000,000

 

 

 

 

 

 

 

 

 

 

 

 

 

Maturity:

 

May 18, 2016

 

May 18, 2016

 

May 18, 2018

 

May 18, 2018

 

May 18, 2023

 

May 18, 2043

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest Payment Dates:

 

February 18, May 18, August 18 and November 18, commencing August 18, 2013

 

May 18 and November 18, commencing November 18, 2013

 

February 18, May 18, August 18 and November 18, commencing August 18, 2013

 

May 18 and November 18, commencing November 18, 2013

 

May 18 and November 18, commencing November 18, 2013

 

May 18 and November 18, commencing November 18, 2013

 

 

 

 

 

 

 

 

 

 

 

 

 

Spread to LIBOR:

 

19 bps

 

—

 

36 bps

 

—

 

—

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

Designated LIBOR page:

 

Reuters Page LIBOR 01

 

—

 

Reuters Page LIBOR 01

 

—

 

—

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

Index Maturity:

 

3 month LIBOR

 

—

 

3 month LIBOR

 

—

 

—

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest Reset Dates:

 

Quarterly

 

—

 

Quarterly

 

—

 

—

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

Initial Interest Rate:

 

3 month LIBOR plus 0.19% determined on the second London business day prior to May 20, 2013

 

—

 

3 month LIBOR plus 0.36% determined on the second London business day prior to May 20, 2013

 

—

 

—

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

Coupon:

 

—

 

0.700%

 

—

 

1.300%

 

2.800%

 

4.150%

 

 

 

 

 

 

 

 

 

 

 

 

 

Benchmark Treasury:

 

—

 

0.25% due May 15, 2016

 

—

 

0.625% due April 30, 2018

 

1.750% due May 15, 2023

 

3.125% due February 15, 2043

 

 

 

 

 

 

 

 

 

 

 

 

 

Treasury Yield:

 

—

 

0.389%

 

—

 

0.828%

 

1.940%

 

3.148%

 

 

 

 

 

 

 

 

 

 

 

 

 

Spread to Benchmark Treasury:

 

—

 

32 bps

 

—

 

52 bps

 

87 bps

 

102 bps

 

 

 

 

 

 

 

 

 

 

 

 

 

Yield to Maturity:

 

—

 

0.709%

 

—

 

1.348%

 

2.810%

 

4.168%

 

 

 

 

 

 

 

 

 

 

 

 

 

Price to Public:

 

100%

 

99.973%

 

100%

 

99.769%

 

99.913%

 

99.694%

 

 

 

 

 

 

 

 

 

 

 

 

 

Underwriting Discount:

 

25 bps

 

25 bps

 

35 bps

 

35 bps

 

45 bps

 

87.5 bps

 

 

 

 

 

 

 

 

 

 

 

 

 

Make-Whole Call:

 

—

 

T+ 5 bps

 

—

 

T+ 10 bps

 

T+ 15 bps

 

T+ 15 bps

 

 

 

 

 

 

 

 

 

 

 

 

 

CUSIP:

 

58933Y AE5

 

58933Y AD7

 

58933YAH8

 

58933YAG0

 

58933YAF2

 

58933YAJ4

 

 

 

 

 

 

 

 

 

 

 

 

 

ISIN:

 

US58933YAE59

 

US58933YAD76

 

US58933YAH80

 

US58933YAG08

 

US58933YAF25

 

US58933YAJ47

 

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

 

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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 BNP Paribas Securities Corp. toll free at 1-800-854-5674, Deutsche Bank Securities Inc. toll-free at 1-800-503-4611, J.P. Morgan Securities LLC collect at 1-212-834-4533 or Morgan Stanley & Co. LLC toll-free at 1-866-718-1649. This pricing term sheet supplements the preliminary form of prospectus supplement issued by Merck & Co., Inc. on May 15, 2013 relating to its Prospectus dated December 3, 2012.

 

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