Filed pursuant to Rule 433
Registration No. 333-164299
September 13, 2011
FINAL TERM SHEET
$750,000,000 2.00% Notes due 2016
Issuer: |
Stryker Corporation | |
Security Type: |
2.00% Notes due 2016 | |
Expected Ratings (Moodys / S&P)*: |
A3 / A+ | |
Size: |
$750,000,000 | |
Trade Date: |
September 13, 2011 | |
Expected Settlement Date: |
September 16, 2011 (T+3) | |
Maturity Date: |
September 30, 2016 | |
Interest Payment Dates: |
Each March 30 and September 30, commencing March 30, 2012 | |
Coupon (Interest Rate): |
2.00% | |
Price to Public: |
99.814% | |
Benchmark Treasury: |
1.00% due August 31, 2016 | |
Spread to Benchmark Treasury: |
+ 115 bps | |
Benchmark Treasury Yield: |
0.889% | |
Yield to Maturity: |
2.039% | |
Make-Whole Call: |
T + 20 bps | |
CUSIP / ISIN: |
863667AC5/ US863667AC50 | |
Joint Book-Running Managers: |
Citigroup Global Markets Inc. Morgan Stanley & Co. LLC Wells Fargo Securities, LLC | |
Senior Co-Managers: |
Barclays Capital Inc. BNP Paribas Securities Corp. Goldman, Sachs & Co. Merrill Lynch, Pierce, Fenner & Smith Incorporated |
Co-Managers: |
HSBC Securities (USA) Inc. J.P. Morgan Securities LLC Mitsubishi UFJ Securities (USA), Inc. Mizuho Securities USA Inc. PNC Capital Markets LLC U.S. Bancorp Investments, 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 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 or e-mailing Citigroup Global Markets Inc. at 1-877-858-5407 or batprospectusdept@citi.com, Morgan Stanley & Co. LLC at 1-866-718-1649 or prospectus@morganstanley.com, or Wells Fargo Securities, LLC at 1-800-326-5897 or cmClientsupport@wachovia.com.