fwp
Filed Pursuant to Rule 433
Registration No. 333-157406
February 24, 2009
TERM SHEET
$1,000,000,000 8.250% Notes due 2019
     
 
    
Issuer:
   Noble Energy, Inc.
 
    
Securities Offered:
   8.250% Notes due 2019
 
    
Format:
   SEC Registered
 
    
Principal Amount:
   $1,000,000,000
 
    
Maturity:
   March 1, 2019
 
    
Coupon:
   8.250%
 
    
Price to Public:
   99.529%
 
    
Yield to Maturity:
   8.320%
 
    
Benchmark Treasury:
   2.750% due February 15, 2019
 
    
Benchmark Treasury Yield:
   2.820%
 
    
Spread to Benchmark Treasury:
   T+550 basis points
 
    
Interest Payment Dates:
   March 1 and September 1, commencing September 1, 2009
 
    
Optional Redemption:
   Make Whole call as set forth in the preliminary prospectus
 
   supplement (Treasury rate plus 50 basis points)
 
    
Trade Date:
   February 24, 2009
 
    
Settlement:
   T+3; February 27, 2009
 
    
CUSIP:
   655044 AD7
 
    
Denominations:
   $1,000 and integral multiples of $1,000
 
    
Anticipated Ratings:
 
   Moody’s: Baa2 (stable outlook)
S&P: BBB (stable outlook)
 
    
Joint Book-Running Managers:
   Deutsche Bank Securities Inc.
 
   J.P. Morgan Securities Inc.
 
   Barclays Capital Inc.
 
   Greenwich Capital Markets, Inc.
 
   UBS Securities LLC
 
    
Co-Managers:
   Banc of America Securities LLC
 
   BMO Capital Markets Corp.
 
   BNP Paribas Securities Corp.
 
   Citigroup Global Markets Inc.
 
   Credit Suisse Securities (USA) LLC
 
   Mitsubishi UFJ Securities International plc
 
   Mizuho Securities USA Inc.
 
   Wells Fargo Securities, LLC
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.
Mitsubishi UFJ Securities International plc is not a U.S. registered broker-dealer and, therefore, to the extent that it intends to effect any sales of the notes in the United States, it will do so through one or more U.S. registered broker-dealers as permitted by FINRA regulations.
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 Deutsche Bank Securities Inc. toll free at 1-800-503-4611 or J.P. Morgan Securities Inc. collect at 1-212-834-4533.