Free Writing Prospectus
Filed pursuant to Rule 433
Dated April 14, 2009
Relating to
Preliminary Prospectus Supplement dated April 14, 2009 to
Prospectus dated November 25, 2008
Registration Statement No. 333-155674
Final Term Sheet
$250,000,000 4.125% Notes due 2015
|
Issuer: |
Emerson Electric Co. |
|
Principal Amount: |
$250,000,000 |
|
Title of Securities: |
4.125% Notes due 2015 |
|
Trade Date: |
April 14, 2009 |
|
Original Issue Date (Settlement Date): |
April 17, 2009 |
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Maturity Date: |
April 15, 2015 |
|
Benchmark Treasury: |
1.75% Notes due March 31, 2014 |
|
Benchmark Treasury Yield: |
1.722% |
|
Spread to Benchmark Treasury: |
245 basis points |
|
Interest Rate: |
4.125% per annum |
|
Yield to Maturity: |
4.172% |
|
Public Offering Price: |
99.753% |
|
Gross Proceeds to Issuer: |
$249,382,500 |
|
Interest Payment Dates: |
Semi-annually in arrears on each April 15th and October 15th, commencing October 15, 2009. |
|
Redemption Provision: |
Make-whole call at the Treasury Rate plus 37.5 basis points. |
|
Joint Book-Running Managers: |
J.P. Morgan Securities Inc. Banc of America Securities LLC |
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Co-Managers: |
Citigroup Global Markets Inc. Barclays Capital Inc. BNP Paribas Securities Corp. Deutsche Bank Securities Inc. Goldman, Sachs & Co. Morgan Stanley & Co. Incorporated RBC Capital Markets Corporation |
$250,000,000 5.00% Notes due 2019
|
Issuer: |
Emerson Electric Co. |
|
Principal Amount: |
$250,000,000 |
|
Title of Securities: |
5.00% Notes due 2019 |
|
Trade Date: |
April 14, 2009 |
|
Original Issue Date (Settlement Date): |
April 17, 2009 |
|
Maturity Date: |
April 15, 2019 |
|
Benchmark Treasury: |
2.75% Notes due February 15, 2019 |
|
Benchmark Treasury Yield: |
2.792% |
|
Spread to Benchmark Treasury: |
233 basis points |
|
Interest Rate: |
5.00% per annum |
|
Yield to Maturity: |
5.122% |
|
Public Offering Price: |
99.055% |
|
Gross Proceeds to Issuer: |
$247,637,500 |
|
Interest Payment Dates: |
Semi-annually in arrears on each April 15th and October 15th, commencing October 15, 2009. |
|
Redemption Provision: |
Make-whole call at the Treasury Rate plus 37.5 basis points. |
|
Sole Book-Running Manager: |
J.P. Morgan Securities Inc. |
|
Co-Managers: |
Banc of America Securities LLC Citigroup Global Markets Inc. Barclays Capital Inc. BNP Paribas Securities Corp. Deutsche Bank Securities Inc. Goldman, Sachs & Co. Morgan Stanley & Co. Incorporated RBC Capital Markets Corporation |
$250,000,000 6.125% Notes due 2039
|
Issuer: |
Emerson Electric Co. |
|
Principal Amount: |
$250,000,000 |
|
Title of Securities: |
6.125% Notes due 2039 |
|
Trade Date: |
April 14, 2009 |
|
Original Issue Date (Settlement Date): |
April 17, 2009 |
|
Maturity Date: |
April 15, 2039 |
|
Benchmark Treasury: |
4.50% Notes due May 15, 2038 |
|
Benchmark Treasury Yield: |
3.662% |
|
Spread to Benchmark Treasury: |
250 basis points |
|
Interest Rate: |
6.125% per annum |
|
Yield to Maturity: |
6.162% |
|
Public Offering Price: |
99.497% |
|
Gross Proceeds to Issuer: |
$248,742,500 |
|
Interest Payment Dates: |
Semi-annually in arrears on each April 15th and October 15th, commencing October 15, 2009. |
|
Redemption Provision: |
Make-whole call at the Treasury Rate plus 37.5 basis points. |
|
Joint Book-Running Managers: |
J.P. Morgan Securities Inc. Banc of America Securities LLC |
|
Co-Managers: |
Citigroup Global Markets Inc. Barclays Capital Inc. BNP Paribas Securities Corp. Deutsche Bank Securities Inc. Goldman, Sachs & Co. Morgan Stanley & Co. Incorporated RBC Capital Markets Corporation |
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 J.P. Morgan Securities Inc. toll-free at 1-212-843-4533 or Banc of America Securities LLC toll-free at 1-800-294-1322.
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