Issuer: | McDonald’s Corporation | |
Ratings: | Moody’s: Baa1 (Stable), S&P: BBB+ (Negative)* | |
Trade Date: | March 25, 2020 | |
Settlement Date: | March 27, 2020 | |
Maturity Date: | July 1, 2025 | |
Security Description: | SEC-Registered Senior Unsecured Fixed Rate Medium-Term Notes | |
Total Principal Amount: | USD 750,000,000 | |
Coupon: | 3.300% | |
Issue Price: | 99.965% of the principal amount | |
Yield to Maturity: | 3.308% | |
Spread to Benchmark Treasury: | T + 280 basis points | |
Benchmark Treasury: | 1.125% 5-year note due February 28, 2025 | |
Benchmark Treasury Yield: | 0.508% | |
Coupon Payments: | Pays Semi-Annually on the 1st day of January and July, beginning July 1, 2020 | |
Day Count: | 30 / 360 | |
Optional Redemption Provision: | The 2025 Notes will be redeemable at any time prior to June 1, 2025 (one month prior to the maturity date), at the option of McDonald’s Corporation, in whole or in part, at a redemption price equal to the greater of: (1) 100% of the principal amount of the Notes to be redeemed, plus accrued and unpaid interest on those Notes to the redemption date; or (2) the sum of the present values of the remaining scheduled payments of principal and interest on the Notes to be redeemed that would be due if such Notes matured on June 1, 2025, but for the redemption (not including any portion of payments of interest accrued as of the redemption date) discounted to the redemption date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 45 basis points, plus accrued and unpaid interest on those Notes to the redemption date. The 2025 Notes will be redeemable in whole or in part, at any time on or after June 1, 2025 (one month prior to the maturity date) at the option of McDonald’s Corporation, at a redemption price equal to 100% of the principal amount of such series of the Notes to be redeemed, plus accrued and unpaid interest on those Notes to the redemption date. | |
Joint Bookrunners: | BofA Securities, Inc. Citigroup Global Markets Inc. J.P. Morgan Securities LLC Wells Fargo Securities, LLC | |
CUSIP: | 58013M FN9 | |
Additional Information: | In addition to any other information incorporated by reference into this prospectus, express reference is made to McDonald's Corporation's Current Report on Form 8-K filed on March 25, 2020, which is incorporated by reference into, and considered to be a part of, this prospectus. | |
Issuer: | McDonald’s Corporation | |
Ratings: | Moody’s: Baa1 (Stable), S&P: BBB+ (Negative)* | |
Trade Date: | March 25, 2020 | |
Settlement Date: | March 27, 2020 | |
Maturity Date: | July 1, 2027 | |
Security Description: | SEC-Registered Senior Unsecured Fixed Rate Medium-Term Notes | |
Total Principal Amount: | USD 1,000,000,000 | |
Coupon: | 3.500% | |
Issue Price: | 99.515% of the principal amount | |
Yield to Maturity: | 3.577% | |
Spread to Benchmark Treasury: | T + 285 basis points | |
Benchmark Treasury: | 1.125% 7-year note due February 28, 2027 | |
Benchmark Treasury Yield: | 0.727% | |
Coupon Payments: | Pays Semi-Annually on the 1st day of January and July, beginning July 1, 2020 | |
Day Count: | 30 / 360 | |
Optional Redemption Provision: | The 2027 Notes will be redeemable at any time prior to May 1, 2027 (two months prior to the maturity date), at the option of McDonald’s Corporation, in whole or in part, at a redemption price equal to the greater of: (1) 100% of the principal amount of the Notes to be redeemed, plus accrued and unpaid interest on those Notes to the redemption date; or (2) the sum of the present values of the remaining scheduled payments of principal and interest on the Notes to be redeemed that would be due if such Notes matured on May 1, 2027, but for the redemption (not including any portion of payments of interest accrued as of the redemption date) discounted to the redemption date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 45 basis points, plus accrued and unpaid interest on those Notes to the redemption date. The 2027 Notes will be redeemable in whole or in part, at any time on or after May 1, 2027 (two months prior to the maturity date) at the option of McDonald’s Corporation, at a redemption price equal to 100% of the principal amount of such series of the Notes to be redeemed, plus accrued and unpaid interest on those Notes to the redemption date. | |
Joint Bookrunners: | BofA Securities, Inc. Citigroup Global Markets Inc. J.P. Morgan Securities LLC Wells Fargo Securities, LLC | |
CUSIP: | 58013M FP4 | |
Additional Information: | In addition to any other information incorporated by reference into this prospectus, express reference is made to McDonald's Corporation's Current Report on Form 8-K filed on March 25, 2020, which is incorporated by reference into, and considered to be a part of, this prospectus. | |
Issuer: | McDonald’s Corporation | |
Ratings: | Moody’s: Baa1 (Stable), S&P: BBB+ (Negative)* | |
Trade Date: | March 25, 2020 | |
Settlement Date: | March 27, 2020 | |
Maturity Date: | July 1, 2030 | |
Security Description: | SEC-Registered Senior Unsecured Fixed Rate Medium-Term Notes | |
Total Principal Amount: | USD 1,000,000,000 | |
Coupon: | 3.600% | |
Issue Price: | 99.266% of the principal amount | |
Yield to Maturity: | 3.687% | |
Spread to Benchmark Treasury: | T + 285 basis points | |
Benchmark Treasury: | 1.500% 10-year note due February 15, 2030 | |
Benchmark Treasury Yield: | 0.837% | |
Coupon Payments: | Pays Semi-Annually on the 1st day of January and July, beginning July 1, 2020 | |
Day Count: | 30 / 360 | |
Optional Redemption Provision: | The 2030 Notes will be redeemable at any time prior to April 1, 2030 (three months prior to the maturity date), at the option of McDonald’s Corporation, in whole or in part, at a redemption price equal to the greater of: (1) 100% of the principal amount of the Notes to be redeemed, plus accrued and unpaid interest on those Notes to the redemption date; or (2) the sum of the present values of the remaining scheduled payments of principal and interest on the Notes to be redeemed that would be due if such Notes matured on April 1, 2030, but for the redemption (not including any portion of payments of interest accrued as of the redemption date) discounted to the redemption date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 45 basis points, plus accrued and unpaid interest on those Notes to the redemption date. The 2030 Notes will be redeemable in whole or in part, at any time on or after April 1, 2030 (three months prior to the maturity date) at the option of McDonald’s Corporation, at a redemption price equal to 100% of the principal amount of such series of the Notes to be redeemed, plus accrued and unpaid interest on those Notes to the redemption date. | |
Joint Bookrunners: | BofA Securities, Inc. Citigroup Global Markets Inc. J.P. Morgan Securities LLC Wells Fargo Securities, LLC | |
CUSIP: | 58013M FQ2 | |
Additional Information: | In addition to any other information incorporated by reference into this prospectus, express reference is made to McDonald's Corporation's Current Report on Form 8-K filed on March 25, 2020, which is incorporated by reference into, and considered to be a part of, this prospectus. | |
Issuer: | McDonald’s Corporation | |
Ratings: | Moody’s: Baa1 (Stable), S&P: BBB+ (Negative)* | |
Trade Date: | March 25, 2020 | |
Settlement Date: | March 27, 2020 | |
Maturity Date: | April 1, 2050 | |
Security Description: | SEC-Registered Senior Unsecured Fixed Rate Medium-Term Notes | |
Total Principal Amount: | USD 750,000,000 | |
Coupon: | 4.200% | |
Issue Price: | 98.855% of the principal amount | |
Yield to Maturity: | 4.268% | |
Spread to Benchmark Treasury: | T + 285 basis points | |
Benchmark Treasury: | 2.375% 30-year bond due November 15, 2049 | |
Benchmark Treasury Yield: | 1.418% | |
Coupon Payments: | Pays Semi-Annually on the 1st day of April and October, beginning October 1, 2020 | |
Day Count: | 30 / 360 | |
Optional Redemption Provision: | The 2050 Notes will be redeemable at any time prior to October 1, 2049 (six months prior to the maturity date), at the option of McDonald’s Corporation, in whole or in part, at a redemption price equal to the greater of: (1) 100% of the principal amount of the Notes to be redeemed, plus accrued and unpaid interest on those Notes to the redemption date; or (2) the sum of the present values of the remaining scheduled payments of principal and interest on the Notes to be redeemed that would be due if such Notes matured on October 1, 2049, but for the redemption (not including any portion of payments of interest accrued as of the redemption date) discounted to the redemption date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 45 basis points, plus accrued and unpaid interest on those Notes to the redemption date. The 2050 Notes will be redeemable in whole or in part, at any time on or after October 1, 2049 (six months prior to the maturity date) at the option of McDonald’s Corporation, at a redemption price equal to 100% of the principal amount of such series of the Notes to be redeemed, plus accrued and unpaid interest on those Notes to the redemption date. | |
Joint Bookrunners: | BofA Securities, Inc. Citigroup Global Markets Inc. J.P. Morgan Securities LLC Wells Fargo Securities, LLC | |
CUSIP: | 58013M FR0 | |
Additional Information: | In addition to any other information incorporated by reference into this prospectus, express reference is made to McDonald's Corporation's Current Report on Form 8-K filed on March 25, 2020, which is incorporated by reference into, and considered to be a part of, this prospectus. | |
(1) | Marketing Legends: |
(a) | The text beginning with the third paragraph after the Table Of Contents on page S-2 through (and including) the paragraph entitled “PRIIPS / IMPORTANT - EEA INVESTORS” shall be replaced by the following two paragraphs: |
(b) | Insert the following sentence at the end of the paragraph entitled “MiFID II product governance / target market”: |
(2) | Plan of Distribution: The text under “Plan of Distribution” is amended as follows: |
(a) | Under the subheading “Prohibition of Sales to EEA Retail Investors” - Replace the existing text in its entirety with the following: |
(a) | the expression “retail investor” means a person who is one (or more) of the following: |
(i) | a retail client as defined in point (11) of Article 4(1) of MiFID II; or |
(ii) | a customer within the meaning of the Insurance Distribution Directive, where that customer would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II; or |
(iii) | not a qualified investor as defined in the Prospectus Regulation; and |
(b) | the expression an “offer” includes the communication in any form and by any means of sufficient information on the terms of the offer and the notes to be offered so as to enable an investor to decide to purchase or subscribe for the notes. |
(b) | Under the subheading “The United Kingdom” - Replace the lead-in sentence through the colon with the following: |
(c) | Under the subheading “Singapore” - Replace the existing text in its entirety with the following: |
(a) | a corporation (that is not an accredited investor (as defined in Section 4A of the SFA)) the sole business of which is to hold investments and the entire share capital of which is owned by one or more individuals, each of whom is an accredited investor; or |
(b) | a trust (where the trustee is not an accredited investor) whose sole purpose is to hold investments and each beneficiary of the trust is an individual who is an accredited investor, |
(1) | to an institutional investor or to a relevant person, or to any person arising from an offer referred to in Section 275(1A) or Section 276(4)(i)(B) of the SFA; |
(2) | where no consideration is or will be given for the transfer; |
(3) | where the transfer is by operation of law; |
(4) | as specified in Section 276(7) of the SFA; or |
(5) | as specified in Regulation 37A of the Securities and Futures (Offers of Investments) (Securities and Securities-based Derivatives Contracts) Regulations 2018 of Singapore. |
(3) | Optional Redemption, Repayment and Repurchase: The text under “Optional Redemption, Repayment and Repurchase” is amended by replacing the first paragraph thereof with the following: |
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