Issuer Free Writing Prospectus filed pursuant to Rule 433
Supplementing the Preliminary Prospectus Supplement dated April 20, 2022
(to Prospectus dated July 17, 2020)
Registration No. 333-239916
April 20, 2022
JABIL INC.
| Pricing Supplement | ||
| Pricing Supplement dated April 20, 2022 to Preliminary Prospectus Supplement dated April 20, 2022 of Jabil Inc. This Pricing Supplement is qualified in its entirety by reference to the Preliminary Prospectus Supplement. The information in this Pricing Supplement supplements the Preliminary Prospectus Supplement and supersedes the information in the Preliminary Prospectus Supplement to the extent it is inconsistent with the information in the Preliminary Prospectus Supplement. Capitalized terms used in this Pricing Supplement but not defined have the meanings given them in the Preliminary Prospectus Supplement. | ||
| Issuer | Jabil Inc. | |
| Title of Security | 4.250% Senior Notes due 2027 (Green Bonds) | |
| Aggregate Principal Amount | $500,000,000 | |
| Maturity Date | May 15, 2027 | |
| Public Offering Price | 99.582%, plus accrued interest, if any, from May 4, 2022 | |
| Coupon | 4.250% | |
| Yield to Maturity | 4.343% | |
| Spread to Benchmark Treasury | +148 bps | |
| Benchmark Treasury | 2.500% due March 31, 2027 | |
| Benchmark Treasury Price and Yield | 98-103⁄4 / 2.863% | |
| Interest Payment Dates | May 15 and November 15 of each year, beginning November 15, 2022 | |
| Record Dates | May 1 and November 1 | |
| Optional Redemption | Prior to April 15, 2027, make-whole call at T + 25 bps. Par call on or after April 15, 2027 | |
| Change of Control Repurchase Event | 101%, plus accrued and unpaid interest, if any, to, but excluding, the date of repurchase | |
| Gross Proceeds | $497,910,000 | |
| Net Proceeds to Issuer before Expenses |
$494,910,000 | |
| Trade Date | April 20, 2022 | |
| Settlement Date | May 4, 2022 (T+10). The Issuer expects that delivery of the notes will be made to investors on or about May 4, 2022, which will be the tenth business day following the date of the prospectus supplement (such settlement being referred to as “T+10”). Under Rule 15c6-1 under the Securities Exchange Act of 1934, trades in the secondary market are required to settle in two business days, unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade the notes on the date of pricing or the next seven business days will be required, by virtue of the fact that the notes initially settle in T+10, to specify an alternate settlement cycle at the time of any such trade to prevent a failed settlement. Purchasers of the notes who wish to trade the notes on the date of pricing or the next seven business days should consult their own advisors. | |
| Joint Book-Running Managers | BNP Paribas Securities Corp. (Sustainability Coordinator) Citigroup Global Markets Inc. J.P. Morgan Securities LLC SMBC Nikko Securities America, Inc. (Sustainability Coordinator) BofA Securities, Inc. Mizuho Securities USA LLC MUFG Securities Americas Inc. U.S. Bancorp Investments, Inc. | |
| Senior Co-Managers | Credit Agricole Securities (USA) Inc. HSBC Securities (USA) Inc. Loop Capital Markets LLC PNC Capital Markets LLC RBC Capital Markets, LLC Santander Investment Securities Inc. Siebert Williams Shank & Co., LLC Standard Chartered Bank Truist Securities, Inc. Wells Fargo Securities, LLC | |
| Co-Managers | ICBC Standard Bank Plc Academy Securities, Inc. Drexel Hamilton, LLC | |
| Denominations | $2,000 and integral multiples of $1,000 in excess thereof | |
| CUSIP/ISIN Numbers | CUSIP: 466313 AM5 ISIN: US466313AM58 | |
| Offering Format | SEC Registered (Registration No. 333-239916) | |
FREE WRITING PROSPECTUS LEGEND
JABIL INC. HAS FILED A REGISTRATION STATEMENT (INCLUDING A PROSPECTUS AND PRELIMINARY PROSPECTUS SUPPLEMENT) WITH THE SECURITIES AND EXCHANGE COMMISSION (THE “SEC”) FOR THE OFFERING TO WHICH THIS COMMUNICATION RELATES. BEFORE YOU INVEST, YOU SHOULD READ THE PROSPECTUS (INCLUDING THE PROSPECTUS SUPPLEMENT) IN THAT REGISTRATION
STATEMENT AND OTHER DOCUMENTS JABIL INC. HAS FILED WITH THE SEC FOR MORE COMPLETE INFORMATION ABOUT JABIL INC. AND THE OFFERING. YOU MAY GET THESE DOCUMENTS FOR FREE BY VISITING THE SEC WEB SITE AT WWW.SEC.GOV. ALTERNATIVELY, JABIL INC., THE UNDERWRITERS OR ANY DEALER PARTICIPATING IN THE OFFERING WILL ARRANGE TO SEND YOU THE PROSPECTUS AND APPLICABLE PROSPECTUS SUPPLEMENT IF YOU REQUEST THEM FROM: BNP PARIBAS SECURITIES CORP., BY CALLING (800) 854-5674, CITIGROUP GLOBAL MARKETS INC., PROSPECTUS@CITI.COM OR BY CALLING (800) 831-9146, J.P. MORGAN SECURITIES LLC, BY CALLING (212) 834-4533 OR SMBC NIKKO SECURITIES AMERICA, INC., BY CALLING (888) 868-6856.
ANY DISCLAIMERS OR OTHER NOTICES THAT MAY APPEAR BELOW ARE NOT APPLICABLE TO THIS COMMUNICATION AND SHOULD BE DISREGARDED. SUCH DISCLAIMERS OR OTHER NOTICES WERE AUTOMATICALLY GENERATED AS A RESULT OF THIS COMMUNICATION BEING SENT VIA BLOOMBERG OR ANOTHER EMAIL SYSTEM.