Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp)
August 13 2019 - 5:26PM
Edgar (US Regulatory)
Free Writing Prospectus
Filed Pursuant to Rule 433
Registration Statement No. 333-216594
August 13, 2019
Pricing
Term Sheet
Exxon Mobil Corporation
$750,000,000 Floating Rate Notes due 2022 (the “
Floating Rate Notes
”)
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Issuer:
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Exxon Mobil Corporation (the “
Company
”)
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Security:
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Senior unsecured floating rate notes
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Principal Amount:
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$750,000,000
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Maturity Date:
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August 16, 2022
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Interest Rate:
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Three Month LIBOR plus 0.33%
per annum
payable and reset quarterly
See “Description of Notes—Interest on the Floating Rate Notes—Effect of Benchmark Transition Event” contained in the prospectus supplement
filed with the SEC for the offering to which this communication relates, which describes how the coupon payments will be determined by reference to a different base rate than LIBOR following the occurrence of a Benchmark Transition Event, as defined
in the prospectus supplement.
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Interest Payment Dates:
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Quarterly each February 16, May 16, August 16 and November 16, commencing November 16, 2019
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Price to Public:
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100.000%
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Trade Date:
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August 13, 2019
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Settlement Date:
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August 16, 2019 (T+3)*
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Denominations:
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$2,000 and integral multiples of $1,000 in excess thereof
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CUSIP/ISIN:
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30231G BA9/US30231GBA94
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Anticipated Ratings:
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Aaa (Moody’s Investors Service, Inc.)
AA+
(Standard & Poor’s Ratings Services)
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Joint Book-Running Managers:
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Barclays Capital Inc.
J.P. Morgan Securities
LLC
Morgan Stanley & Co. LLC
BofA Securities,
Inc.
Citigroup Global Markets Inc.
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Senior
Co-Managers:
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BNP Paribas Securities Corp.
Deutsche Bank
Securities Inc.
HSBC Securities (USA) Inc.
Mizuho Securities
USA Inc.
SG Americas Securities, LLC
Standard Chartered
Bank
Wells Fargo Securities, LLC
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Co-Managers:
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Academy Securities, Inc.
Credit Agricole
Securities (USA) Inc.
Goldman Sachs & Co. LLC
Loop
Capital Markets LLC
Santander Investment Securities Inc.
Scotia Capital (USA) Inc.
SMBC Nikko Securities America, Inc.
Standard Bank
The Williams Capital Group, L.P.
U.S. Bancorp Investments, Inc.
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1
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$750,000,000 1.902% Notes due 2022 (the “
2022 Fixed Rate Notes
”)
$1,000,000,000 2.019% Notes due 2024 (the “
2024 Fixed Rate Notes
”)
$1,000,000,000 2.275% Notes due 2026 (the “
2026 Fixed Rate Notes
”)
$1,250,000,000 2.440% Notes due 2029 (the “
2029 Fixed Rate Notes
”)
$750,000,000 2.995% Notes due 2039 (the “
2039 Fixed Rate Notes
”)
$1,500,000,000 3.095% Notes due 2049 (the “
2049 Fixed Rate Notes
”)
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Issuer:
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Exxon Mobil Corporation (the “
Company
”)
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Security:
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Senior unsecured fixed rate notes
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Principal Amount:
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$750,000,000 of 2022 Fixed Rate Notes
$1,000,000,000 of 2024 Fixed Rate Notes
$1,000,000,000 of 2026
Fixed Rate Notes
$1,250,000,000 of 2029 Fixed Rate Notes
$750,000,000 of 2039 Fixed Rate Notes
$1,500,000,000 of 2049
Fixed Rate Notes
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Maturity Date:
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August 16, 2022 for the 2022 Fixed Rate Notes
August 16, 2024 for the 2024 Fixed Rate Notes
August 16, 2026 for the 2026 Fixed Rate Notes
August 16, 2029 for the 2029 Fixed Rate Notes
August 16, 2039 for the 2039 Fixed Rate Notes
August 16, 2049 for the 2049 Fixed Rate Notes
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Coupon (Interest Rate):
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1.902%
per annum
for the 2022 Fixed Rate Notes
2.019%
per annum
for the 2024 Fixed Rate Notes
2.275%
per annum
for the 2026 Fixed Rate Notes
2.440%
per annum
for the 2029 Fixed Rate Notes
2.995%
per annum
for the 2039 Fixed Rate Notes
3.095%
per annum
for the 2049 Fixed Rate Notes
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Interest Payment Dates:
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Semi-annually each February 16 and August 16, commencing February 16, 2020, for the 2022 Fixed Rate Notes, the 2024 Fixed Rate Notes, the 2026 Fixed Rate Notes, the 2029 Fixed Rate Notes, the 2039 Fixed Rate Notes and
the 2049 Fixed Rate Notes
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Price to Public:
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100.000% for the 2022 Fixed Rate Notes
100.000%
for the 2024 Fixed Rate Notes
100.000% for the 2026 Fixed Rate Notes
100.000% for the 2029 Fixed Rate Notes
100.000% for the 2039
Fixed Rate Notes
100.000% for the 2049 Fixed Rate Notes
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Benchmark Treasury:
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1.50% due August 15, 2022 for the 2022 Fixed Rate Notes
1.75% due July 31, 2024 for the 2024 Fixed Rate Notes
1.875%
due July 31, 2026 for the 2026 Fixed Rate Notes
1.625% due August 15, 2029 for the 2029 Fixed Rate Notes
2.875% due May 15, 2049 for the 2039 Fixed Rate Notes
2.875%
due May 15, 2049 for the 2049 Fixed Rate Notes
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Benchmark Treasury Yield:
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1.602% for the 2022 Fixed Rate Notes
1.569% for
the 2024 Fixed Rate Notes
1.625% for the 2026 Fixed Rate Notes
1.690% for the 2029 Fixed Rate Notes
2.145% for the 2039 Fixed
Rate Notes
2.145% for the 2049 Fixed Rate Notes
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Spread to Benchmark Treasury:
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30 basis points for the 2022 Fixed Rate Notes
45 basis points for the 2024 Fixed Rate Notes
65 basis points for
the 2026 Fixed Rate Notes
75 basis points for the 2029 Fixed Rate Notes
85 basis points for the 2039 Fixed Rate Notes
95 basis points for
the 2049 Fixed Rate Notes
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Yield to Maturity:
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1.902% for the 2022 Fixed Rate Notes
2.019% for
the 2024 Fixed Rate Notes
2.275% for the 2026 Fixed Rate Notes
2.440% for the 2029 Fixed Rate Notes
2.995% for the 2039 Fixed
Rate Notes
3.095% for the 2049 Fixed Rate Notes
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Make-Whole Call:
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All or a portion of the Fixed Rate Notes will be redeemable at a redemption price equal to the greater of (x) 100% of the principal amount of the Fixed Rate Notes then outstanding to be redeemed or (y) the sum of the present
values of the remaining scheduled payments of principal and interest (excluding accrued and unpaid interest to, but excluding, the date of redemption) on the Fixed Rate Notes to be redeemed discounted to their present value as of the date of
redemption on a semiannual basis (assuming a
360-day
year consisting of twelve
30-day
months), (i) at any time prior to maturity at a discount rate of Treasury
plus
5 basis points, for the 2022 Fixed Rate Notes, (ii) at any time prior to July 16, 2024 (one month prior to the maturity date of the 2024 Fixed Rate Notes) at a discount rate of Treasury
plus
7.5 basis points, for the
2024 Fixed Rate Notes, (iii) at any time prior to June 16, 2026 (two months prior to the maturity date of the 2026 Fixed Rate Notes) at a discount rate of Treasury
plus
10 basis points, for the 2026 Fixed Rate Notes, (iv) at
any time prior to May 16, 2029 (three months prior to the maturity date of the 2029 Fixed Rate Notes) at a discount rate of Treasury
plus
12.5 basis points, for the 2029 Fixed Rate Notes, (v) at any time prior to February 16,
2039 (six months prior to the maturity date of the 2039 Fixed Rate Notes) at a discount rate of Treasury
plus
15 basis points, for the 2039 Fixed Rate Notes, and (vi) at any time prior to February 16, 2049 (six months prior to the
maturity date of the 2049 Fixed Rate Notes) at a discount rate of Treasury
plus
15 basis points, for the 2049 Fixed Rate Notes,
plus
, in each case, accrued and unpaid interest to, but excluding, the date of redemption
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Par Call:
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At any time on and after July 16, 2024 (one month prior to the maturity date of the 2024 Fixed Rate Notes), the Company may redeem the
2024 Fixed Rate Notes, in whole or in part, at 100% of the aggregate principal amount of 2024 Fixed Rate Notes to be redeemed,
plus
accrued and unpaid interest to, but excluding, the date of redemption
At any time on and after June 16, 2026 (two months prior to the maturity date of
the 2026 Fixed Rate Notes), the Company may redeem the 2026 Fixed Rate Notes, in whole or in part, at 100% of the aggregate principal amount of 2026 Fixed Rate Notes to be redeemed,
plus
accrued and unpaid interest to, but excluding, the date
of redemption
At any time on and after May 16, 2029 (three months prior to the
maturity date of the 2029 Fixed Rate Notes), the Company may redeem the 2029 Fixed Rate Notes, in whole or in part, at 100% of the aggregate principal amount of 2029 Fixed Rate Notes to be redeemed,
plus
accrued and unpaid interest to, but
excluding, the date of redemption
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At any time on and after February 16, 2039 (six months prior to the maturity date of the 2039 Fixed Rate Notes), the Company may redeem
the 2039 Fixed Rate Notes, in whole or in part, at 100% of the aggregate principal amount of 2039 Fixed Rate Notes to be redeemed,
plus
accrued and unpaid interest to, but excluding, the date of redemption
At any time on and after February 16, 2049 (six months prior to the maturity date
of the 2049 Fixed Rate Notes), the Company may redeem the 2049 Fixed Rate Notes, in whole or in part, at 100% of the aggregate principal amount of 2049 Fixed Rate Notes to be redeemed,
plus
accrued and unpaid interest to, but excluding, the
date of redemption
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Trade Date:
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August 13, 2019
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Settlement Date:
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August 16, 2019 (T+3)*
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Denominations:
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$2,000 and integral multiples of $1,000 in excess thereof
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CUSIP/ISIN:
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30231G BB7/US30231GBB77 for the 2022 Fixed Rate Notes
30231G BC5/US30231GBC50 for the 2024 Fixed Rate Notes
30231G
BD3/US30231GBD34 for the 2026 Fixed Rate Notes
30231G BE1/US30231GBE17 for the 2029 Fixed Rate Notes
30231G AY8/US30231GAY89 for the 2039 Fixed Rate Notes
30231G
AZ5/US30231GAZ54 for the 2049 Fixed Rate Notes
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Anticipated Ratings:
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Aaa (Moody’s Investors Service, Inc.)
AA+
(Standard & Poor’s Ratings Services)
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Joint Book-Running Managers:
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Barclays Capital Inc.
J.P. Morgan Securities
LLC
Morgan Stanley & Co. LLC
BofA Securities,
Inc.
Citigroup Global Markets Inc.
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Senior
Co-Managers:
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BNP Paribas Securities Corp.
Deutsche Bank
Securities Inc.
HSBC Securities (USA) Inc.
Mizuho Securities
USA Inc.
SG Americas Securities, LLC
Standard Chartered
Bank
Wells Fargo Securities, LLC
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Co-Managers:
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Academy Securities, Inc.
Credit Agricole
Securities (USA) Inc.
Goldman Sachs & Co. LLC
Loop
Capital Markets LLC
Santander Investment Securities Inc.
Scotia Capital (USA) Inc.
SMBC Nikko Securities America, Inc.
Standard Bank
The Williams Capital Group, L.P.
U.S. Bancorp Investments, Inc.
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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.
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* Under Rule
15c6-1
under the Securities Exchange
Act of 1934, as amended, trades in the secondary market generally are required to settle in two business days, unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade Notes on the date of pricing
will be required, by virtue of the fact that the Notes initially will settle T+3, to specify an alternate settlement cycle at the time of any such trade to prevent a failed settlement. Purchasers of Notes who wish to trade the Notes on the date of
pricing should consult their own advisors.
The Company has filed a registration statement (including a preliminary prospectus
supplement and an accompanying prospectus) with the Securities and Exchange Commission (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 that the Company has filed with the SEC, including the preliminary prospectus supplement, for more complete information about the Company and this offering. You may get these documents for free by visiting the SEC website at
www.sec.gov. Alternatively, the Company, any underwriter or any dealer participating in the offering will arrange to send you the preliminary prospectus supplement and the accompanying prospectus if you request it by contacting: Barclays Capital
Inc., c/o Broadridge Financial Solutions, Inc., 1155 Long Island Avenue, Edgewood, NY 11717,
e-mail:
barclaysprospectus@broadridge.com, telephone: (888)
603-5847;
J.P.
Morgan Securities LLC at (212)
834-4533;
or Morgan Stanley & Co. LLC, 180 Varick Street, New York, NY 10014, Attention: Prospectus Department, telephone: (866)
718-1649,
email: prospectus@morganstanley.com.
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.
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