Filed Pursuant to Rule 433
Registration No. 333-113620
Registration No. 333-113620
Pricing Term Sheet
Floating Rate Notes due 2010
Issuer:
|
Kraft Foods Inc. | |
Offering Format:
|
SEC Registered | |
Size:
|
$250,000,000 | |
Maturity:
|
August 11, 2010 | |
Price to Public:
|
100% of face amount | |
Reference Rate:
|
Three-month LIBOR | |
Spread to Reference Rate:
|
50 bps | |
Interest Payment and Reset Dates:
|
Quarterly on February 11, May 11, August 11, November 11, commencing on November 13, 2007 | |
Day Count Convention:
|
Actual / 360 | |
Change of Control (CoC):
|
Upon the occurrence of both (i) a change of control of the Issuer and (ii) a downgrade of the notes below an investment grade rating by each of Moody’s Investors Service, Inc., Standard & Poor’s Ratings Services and Fitch Ratings within a specified period, the Issuer will be required to make an offer to purchase the notes of each series at a price equal to 101% of the aggregate principal amount of such series, plus accrued and unpaid interest to the date of repurchase. | |
Trade Date:
|
August 8, 2007 | |
Settlement Date:
|
August 13, 2007 (T+3) | |
CUSIP:
|
50075N AN4 | |
Denominations:
|
$2,000 x $1,000 | |
Anticipated Ratings:
|
Baa2 (stable outlook) / A- (negative outlook) / BBB+ (negative outlook) |
|
Underwriters:
|
Bookrunners: | |
| Citigroup Global Markets Inc. | ||
| Deutsche Bank Securities Inc. | ||
| Goldman, Sachs & Co. | ||
| J.P. Morgan Securities Inc. | ||
| Senior Co-Managers: | ||
| ABN AMRO Incorporated | ||
| BNP Paribas Securities Corp. | ||
| Dresdner Kleinwort Securities LLC | ||
| Lehman Brothers Inc. | ||
| Santander Investment Securities Inc. | ||
| Wachovia Capital Markets, LLC | ||
| Co-Managers: | ||
| Loop Capital Markets, LLC | ||
| Samuel A. Ramirez & Company, Inc. | ||
| The Williams Capital Group, L.P. |
Pricing Term Sheet
5.625% Notes due 2010
Issuer:
|
Kraft Foods Inc. | |
Offering Format:
|
SEC Registered | |
Size:
|
$250,000,000 | |
Maturity:
|
August 11, 2010 | |
Coupon:
|
5.625% | |
Price to Public:
|
99.780% of face amount | |
Yield to maturity:
|
5.706% | |
Spread to Benchmark Treasury:
|
105 bps | |
Benchmark Treasury:
|
UST 4.500% May 15, 2010 | |
Benchmark Treasury Yield:
|
4.656% | |
Interest Payment Dates:
|
Semiannually on February 11 and August 11, commencing on February 11, 2008 | |
Day Count Convention:
|
30 / 360 | |
Change of Control (CoC):
|
Upon the occurrence of both (i) a change of control of the Issuer and (ii) a downgrade of the notes below an investment grade rating by each of Moody’s Investors Service, Inc., Standard & Poor’s Ratings Services and Fitch Ratings within a specified period, the Issuer will be required to make an offer to purchase the notes of each series at a price equal to 101% of the aggregate principal amount of such series, plus accrued and unpaid interest to the date of repurchase. | |
Trade Date:
|
August 8, 2007 | |
Settlement Date:
|
August 13, 2007 (T+3) | |
CUSIP:
|
50075N AP9 | |
Denominations:
|
$2,000 x $1,000 | |
Anticipated Ratings:
|
Baa2 (stable outlook) / A- (negative outlook) / BBB+ (negative outlook) |
|
Underwriters:
|
Bookrunners: | |
| Citigroup Global Markets Inc. | ||
| Deutsche Bank Securities Inc. | ||
| Goldman, Sachs & Co. | ||
| J.P. Morgan Securities Inc. | ||
| Senior Co-Managers: | ||
| ABN AMRO Incorporated | ||
| BNP Paribas Securities Corp. | ||
| Dresdner Kleinwort Securities LLC | ||
| Lehman Brothers Inc. | ||
| Santander Investment Securities Inc. | ||
| Wachovia Capital Markets, LLC | ||
| Co-Managers: | ||
| Loop Capital Markets, LLC | ||
| Samuel A. Ramirez & Company, Inc. | ||
| The Williams Capital Group, L.P. |
Pricing Term Sheet
6.000% Notes due 2013
Issuer:
|
Kraft Foods Inc. | |
Offering Format:
|
SEC Registered | |
Size:
|
$750,000,000 | |
Maturity:
|
February 11, 2013 | |
Coupon:
|
6.000% | |
Price to Public:
|
99.701% of face amount | |
Yield to maturity:
|
6.065% | |
Spread to Benchmark Treasury:
|
135 bps | |
Benchmark Treasury:
|
UST 4.625% July 31, 2012 | |
Benchmark Treasury Yield:
|
4.715% | |
Interest Payment Dates:
|
Semiannually on February 11 and August 11, commencing on February 11, 2008 | |
Day Count Convention:
|
30 / 360 | |
Change of Control (CoC):
|
Upon the occurrence of both (i) a change of control of the Issuer and (ii) a downgrade of the notes below an investment grade rating by each of Moody’s Investors Service, Inc., Standard & Poor’s Ratings Services and Fitch Ratings within a specified period, the Issuer will be required to make an offer to purchase the notes of each series at a price equal to 101% of the aggregate principal amount of such series, plus accrued and unpaid interest to the date of repurchase. | |
Trade Date:
|
August 8, 2007 | |
Settlement Date:
|
August 13, 2007 (T+3) | |
CUSIP:
|
50075N AQ7 | |
Denominations:
|
$2,000 x $1,000 | |
Anticipated Ratings:
|
Baa2 (stable outlook) / A- (negative outlook) / BBB+ (negative outlook) |
|
Underwriters:
|
Bookrunners: | |
| Citigroup Global Markets Inc. | ||
| Deutsche Bank Securities Inc. | ||
| Goldman, Sachs & Co. | ||
| J.P. Morgan Securities Inc. | ||
| Senior Co-Managers: | ||
| ABN AMRO Incorporated | ||
| BNP Paribas Securities Corp. | ||
| Dresdner Kleinwort Securities LLC | ||
| Lehman Brothers Inc. | ||
| Santander Investment Securities Inc. | ||
| Wachovia Capital Markets, LLC | ||
| Co-Managers: | ||
| Loop Capital Markets, LLC | ||
| Samuel A. Ramirez & Company, Inc. | ||
| The Williams Capital Group, L.P. |
Pricing Term Sheet
6.500% Notes due 2017
Issuer:
|
Kraft Foods Inc. | |
Offering Format:
|
SEC Registered | |
Size:
|
$1,500,000,000 | |
Maturity:
|
August 11, 2017 | |
Coupon:
|
6.500% | |
Price to Public:
|
99.414% of face amount | |
Yield to maturity:
|
6.581% | |
Spread to Benchmark Treasury:
|
170 bps | |
Benchmark Treasury:
|
UST 4.500% due May 15, 2017 | |
Benchmark Treasury Yield:
|
4.881% | |
Interest Payment Dates:
|
Semiannually on February 11 and August 11, commencing on February 11, 2008 | |
Day Count Convention:
|
30 / 360 | |
Change of Control (CoC):
|
Upon the occurrence of both (i) a change of control of the Issuer and (ii) a downgrade of the notes below an investment grade rating by each of Moody’s Investors Service, Inc., Standard & Poor’s Ratings Services and Fitch Ratings within a specified period, the Issuer will be required to make an offer to purchase the notes of each series at a price equal to 101% of the aggregate principal amount of such series, plus accrued and unpaid interest to the date of repurchase. | |
Trade Date:
|
August 8, 2007 | |
Settlement Date:
|
August 13, 2007 (T+3) | |
CUSIP:
|
50075N AS3 | |
Denominations:
|
$2,000 x $1,000 | |
Anticipated Ratings:
|
Baa2 (stable outlook) / A- (negative outlook) / BBB+ (negative outlook) |
|
Underwriters:
|
Bookrunners: | |
| Citigroup Global Markets Inc. | ||
| Deutsche Bank Securities Inc. | ||
| Goldman, Sachs & Co. | ||
| J.P. Morgan Securities Inc. | ||
| Senior Co-Managers: | ||
| ABN AMRO Incorporated | ||
| BNP Paribas Securities Corp. | ||
| Dresdner Kleinwort Securities LLC | ||
| Lehman Brothers Inc. | ||
| Santander Investment Securities Inc. | ||
| Wachovia Capital Markets, LLC | ||
| Co-Managers: | ||
| Loop Capital Markets, LLC | ||
| Samuel A. Ramirez & Company, Inc. | ||
| The Williams Capital Group, L.P. |
Pricing Term Sheet
7.000% Notes due 2037
Issuer:
|
Kraft Foods Inc. | |
Offering Format:
|
SEC Registered | |
Size:
|
$750,000,000 | |
Maturity:
|
August 11, 2037 | |
Coupon:
|
7.000% | |
Price to Public:
|
98.790% of face amount | |
Yield to maturity:
|
7.098% | |
Spread to Benchmark Treasury:
|
205 bps | |
Benchmark Treasury:
|
UST 4.500% due February 15, 2036 | |
Benchmark Treasury Yield:
|
5.048% | |
Interest Payment Dates:
|
Semiannually on February 11 and August 11, commencing on February 11, 2008 | |
Day Count Convention:
|
30 / 360 | |
Change of Control (CoC):
|
Upon the occurrence of both (i) a change of control of the Issuer and (ii) a downgrade of the notes below an investment grade rating by each of Moody’s Investors Service, Inc., Standard & Poor’s Ratings Services and Fitch Ratings within a specified period, the Issuer will be required to make an offer to purchase the notes of each series at a price equal to 101% of the aggregate principal amount of such series, plus accrued and unpaid interest to the date of repurchase. | |
Trade Date:
|
August 8, 2007 | |
Settlement Date:
|
August 13, 2007 (T+3) | |
CUSIP:
|
50075N AR5 | |
Denominations:
|
$2,000 x $1,000 | |
Anticipated Ratings:
|
Baa2 (stable outlook) / A- (negative outlook) / BBB+ (negative outlook) |
|
Underwriters:
|
Bookrunners: | |
| Citigroup Global Markets Inc. | ||
| Deutsche Bank Securities Inc. | ||
| Goldman, Sachs & Co. | ||
| J.P. Morgan Securities Inc. | ||
| Senior Co-Managers: | ||
| ABN AMRO Incorporated | ||
| BNP Paribas Securities Corp. | ||
| Dresdner Kleinwort Securities LLC | ||
| Lehman Brothers Inc. | ||
| Santander Investment Securities Inc. | ||
| Wachovia Capital Markets, LLC | ||
| Co-Managers: | ||
| Loop Capital Markets, LLC | ||
| Samuel A. Ramirez & Company, Inc. | ||
| The Williams Capital Group, L.P. |
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.
The issuer has filed a registration statement (including a prospectus) with the U.S. Securities and
Exchange Commission (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 Citigroup Global Markets Inc. toll free at
1-877-858-5407, Deutsche Bank Securities Inc. at 212-250-6801, Goldman, Sachs & Co. at
1-866-471-2526 or J.P. Morgan Securities Inc. at 212-834-4533.