-----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, TyUdEqFlDr7SernBLeL3rsR5KgGGGWERMErr3dwviaicOx8qQ8xH0gKTiE54ubaQ VnCpd/xQYgVBuLa/0rEx3A== 0000950123-10-071910.txt : 20100804 0000950123-10-071910.hdr.sgml : 20100804 20100803175928 ACCESSION NUMBER: 0000950123-10-071910 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20100804 DATE AS OF CHANGE: 20100803 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: TECK RESOURCES LTD CENTRAL INDEX KEY: 0000886986 STANDARD INDUSTRIAL CLASSIFICATION: MINING, QUARRYING OF NONMETALLIC MINERALS (NO FUELS) [1400] IRS NUMBER: 000000000 STATE OF INCORPORATION: A1 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-167081 FILM NUMBER: 10988787 BUSINESS ADDRESS: STREET 1: 550 BURRARD ST STREET 2: SUITE 3300, BENTALL 5 CITY: VANCOUVER STATE: A1 ZIP: V6C 0B3 BUSINESS PHONE: 604 699-4000 MAIL ADDRESS: STREET 1: 550 BURRARD ST STREET 2: SUITE 3300, BENTALL 5 CITY: VANCOUVER STATE: A1 ZIP: V6C 0B3 FORMER COMPANY: FORMER CONFORMED NAME: TECK COMINCO LTD DATE OF NAME CHANGE: 19940623 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: TECK RESOURCES LTD CENTRAL INDEX KEY: 0000886986 STANDARD INDUSTRIAL CLASSIFICATION: MINING, QUARRYING OF NONMETALLIC MINERALS (NO FUELS) [1400] IRS NUMBER: 000000000 STATE OF INCORPORATION: A1 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 550 BURRARD ST STREET 2: SUITE 3300, BENTALL 5 CITY: VANCOUVER STATE: A1 ZIP: V6C 0B3 BUSINESS PHONE: 604 699-4000 MAIL ADDRESS: STREET 1: 550 BURRARD ST STREET 2: SUITE 3300, BENTALL 5 CITY: VANCOUVER STATE: A1 ZIP: V6C 0B3 FORMER COMPANY: FORMER CONFORMED NAME: TECK COMINCO LTD DATE OF NAME CHANGE: 19940623 FWP 1 o63878fwfwp.htm FWP fwp
Filed pursuant to Rule 433
Registration Nos. 333-167081, 333-167081-01
August 3, 2010
TECK RESOURCES LIMITED
Final Term Sheet
3.850% Notes Due 2017
     
   
 
Issuer:  
Teck Resources Limited
   
 
Guarantor:  
Teck Metals Ltd.
   
 
Size:  
$300,000,000
   
 
Format:  
SEC-Registered
   
 
Maturity:  
August 15, 2017
   
 
Coupon (Interest Rate):  
3.850%
   
 
Yield to Maturity:  
3.858%
   
 
Spread to Benchmark Treasury:  
+160 bps
   
 
Benchmark Treasury:  
UST 2.375% due July 31, 2017
   
 
Benchmark Treasury Price and Yield:  
100-24 / 2.258%
   
 
Interest Payment Dates:  
February 15 and August 15
   
 
First Interest Payment Date:  
February 15, 2011
   
 
Optional Redemption:  
Make-whole call at T+25 bps at any time
   
 
Change of control:  
101% of principal plus accrued interest
   
 
Price to Public:  
$99.952
   
 
Settlement Date:  
August 17, 2010
   
 
CUSIP / ISIN:  
878742 AR6 / US878742AR68
   
 
Ratings:  
See “Ratings of the Notes” below.
   
 
Joint Book-Running Managers:  
Banc of America Securities LLC
Citigroup Global Markets Inc.
J.P. Morgan Securities Inc.
   
 
Lead Co-managers:  
Goldman, Sachs & Co.
Mitsubishi UFJ Securities (USA), Inc.
RBC Capital Markets Corporation
RBS Securities Inc.
UBS Securities LLC
   
 
Co-managers:  
Barclays Capital Inc.
BNP Paribas Securities Corp.
CIBC World Markets Corp.
Deutsche Bank Securities Inc.
Mizuho Securities USA Inc.
Scotia Capital (USA) Inc.

 

 

6.000% Notes Due 2040
     
   
 
Issuer:  
Teck Resources Limited
   
 
Guarantor:  
Teck Metals Ltd.
   
 
Size:  
$450,000,000
   
 
Format:  
SEC-Registered
   
 
Maturity:  
August 15, 2040
   
 
Coupon (Interest Rate):  
6.000%
   
 
Yield to Maturity:  
6.013%
   
 
Spread to Benchmark Treasury:  
+198 bps
   
 
Benchmark Treasury:  
UST 4.625% due February 15, 2040
   
 
Benchmark Treasury Price and Yield:  
110-05+ / 4.033%
   
 
Interest Payment Dates:  
February 15 and August 15
   
 
First Interest Payment Date:  
February 15, 2011
   
 
Optional Redemption:  
Make-whole call at T+30 bps in whole or in part,
at any time before February 15, 2040.
   
 
   
Callable in whole at 100% at any time on or after February 15, 2040.
   
 
Change of control:  
101% of principal plus accrued interest
   
 
Price to Public:  
$99.821
   
 
Settlement Date:  
August 17, 2010
   
 
CUSIP / ISIN:  
878742 AS4 / US878742AS42
   
 
Ratings:  
See “Ratings of the Notes” below.
   
 
Joint Book-Running Managers:  
Banc of America Securities LLC
Citigroup Global Markets Inc.
J.P. Morgan Securities Inc.
   
 
Lead Co-managers:  
Goldman, Sachs & Co.
Mitsubishi UFJ Securities (USA), Inc.
RBC Capital Markets Corporation
RBS Securities Inc.
UBS Securities LLC
   
 
Co-managers  
Barclays Capital Inc.
BNP Paribas Securities Corp.
CIBC World Markets Corp.
Deutsche Bank Securities Inc.
Mizuho Securities USA Inc.
Scotia Capital (USA) Inc.

 

 

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 or e-mailing Banc of America Securities LLC at 1-800-294-1322 or dg.prospectus_distribution@bofasecurities.com, calling Citigroup Global Markets Inc. toll-free at 1-877-858-5407, or calling J.P. Morgan Securities Inc. collect at 1-212-834-4533.
Rating of the Notes
The following table discloses the expected credit ratings assigned to, and the outlook for, the notes by the following rating agencies:
         
    Ratings for the   Outlook for the
Rating Agency   Notes   Notes
Moody’s.
  Baa3   Positive
S&P.
  BBB   Stable
Credit ratings are intended to provide investors with an independent measure of credit quality of any issue of securities. The credit ratings expected to be accorded to the notes by the rating agencies are not recommendations to purchase, hold or sell the notes inasmuch as such ratings do not comment as to market price or suitability for a particular investor. There is no assurance that any rating will be granted or if granted remain in effect for any given period of time or that any such rating will not be revised or withdrawn entirely by a rating agency in the future if in its judgment circumstances so warrant, and if any such rating is so revised or withdrawn, we are under no obligation to update this prospectus supplement.
Moody’s Investor Services, Inc.’s (“Moody’s”) credit ratings are on a long-term debt rating scale that ranges from Aaa to C, which represents the range from highest to lowest quality of such securities rated. According to the Moody’s rating system, debt securities rated Baa are subject to moderate risk. They are considered as medium-grade obligations and, as such, may possess certain speculative characteristics. Moody’s applies numerical modifiers 1, 2 and 3 in each generic rating classification from Aa through Caa in its corporate bond rating system. The modifier 1 indicates that the issue ranks in the higher end of its generic rating category, the modifier 2 indicates a mid-range ranking and the modifier 3 indicates that the issue ranks in the lower end of its generic rating category.
Standard & Poor’s Rating Services, a division of The McGraw-Hill Companies, Inc. (“S&P”) credit ratings are on a long-term debt rating scale that ranges from AAA to D, which represents the range from highest to lowest quality of such securities rated. According to the S&P rating system, debt securities rated BBB exhibit adequate protection parameters. However, adverse economic conditions or changing circumstances are more likely to lead to a weakened capacity of the obligor to meet its financial commitments on the securities. The ratings from AA to CCC may be modified by the addition of a plus (+) or minus (—) sign to show relative standing within the major rating categories.

 

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