Filed Pursuant to Rule 433
Registration Statement No. 333-164611
Pricing Term Sheet
BERKSHIRE HATHAWAY INC.
Pricing Term Sheet
$750,000,000 2.20% Senior Notes due 2016
$500,000,000 3.75% Senior Notes due 2021
$750,000,000 Floating Rate Senior Notes due 2014
| Issuer: | Berkshire Hathaway Inc. | |
| Rating* | Aa2/AA+/A+ (Stable/Negative/Stable) | |
| Trade Date: | August 10, 2011 | |
| Settlement Date: | August 15, 2011 (T+3) | |
| Sole Bookrunner: | Goldman, Sachs & Co. |
2.20% Senior Notes due 2016
| Principal Amount: | $750,000,000 | |
| Maturity Date: | August 15, 2016 | |
| Issue Price (Price to Public): | 99.831% | |
| Gross Spread: | 32.5 bps | |
| Proceeds to Issuer: | $746,295,000 | |
| Interest Rate: | 2.200% per annum | |
| Benchmark Treasury: | 1.50% due July 31, 2016 | |
| Benchmark Treasury Yield: | 0.936% | |
| Spread to Benchmark Treasury: | 130 bps | |
| Yield to Maturity: | 2.236% | |
| Interest Payment Dates: | Each August 15 and February 15, commencing February 15, 2012 | |
| Optional Redemption | None | |
| Minimum Denomination: | $2,000 and integral multiples of $1,000 in excess thereof | |
| CUSIP: | 084670 BB3 | |
| ISIN: | US084670BB33 |
3.75% Senior Notes due 2021
| Principal Amount: | $500,000,000 | |
| Maturity Date: | August 15, 2021 | |
| Issue Price (Price to Public): | 99.992% | |
| Gross Spread: | 42.5 bps | |
| Proceeds to Issuer: | $497,835,000 | |
| Interest Rate: | 3.750% per annum | |
| Benchmark Treasury: | 3.125% due May 15, 2021 | |
| Benchmark Treasury Yield: | 2.151% | |
| Spread to Benchmark Treasury: | 160 bps | |
| Yield to Maturity: | 3.751% | |
| Interest Payment Dates: | Each August 15 and February 15, commencing February 15, 2012 | |
| Optional Redemption | None | |
| Minimum Denomination: | $2,000 and integral multiples of $1,000 in excess thereof | |
| CUSIP: | 084670 BC1 | |
| ISIN: | US084670BC16 |
Floating Rate Senior Notes due 2014
| Principal Amount: | $750,000,000 | |
| Maturity Date: | August 15, 2014 | |
| Issue Price (Price to Public): | 100.000% | |
| Gross Spread: | 20 bps | |
| Proceeds to Issuer: | $748,500,000 | |
| Interest Rate Index: | Three-Month LIBOR (Reuters Page LIBOR01) | |
| Spread to Index: | +70 bps | |
| Day Count Convention: | Actual/360 | |
| Interest Payment and Reset Dates: | Each August 15, November 15, February 15 and May 15, commencing November 15, 2011 | |
| Interest Determination Date: | Quarterly, on second London business day prior to applicable Interest Payment Date, except initial Interest Determination Date will be August 12, 2011 | |
| Option Redemption: | None | |
| Minimum Denomination: | $2,000 and integral multiples of $1,000 in excess thereof | |
| CUSIP: | 084670 BA5 | |
| ISIN: | US084670BA59 |
Changes from the Preliminary Prospectus Supplement
All references to our right to redeem the fixed rate notes will be removed. We will not have the right to redeem any of the notes.
| * | Note : A securities rating is not a recommendation to buy, sell or hold securities and may be revised or withdrawn at any time. |
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, the underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling Goldman, Sachs & Co. toll-free at 1-866-471-2526.
2