Final Term Sheet
Filed pursuant to Rule 433
Dated November 2, 2012
Relating to
Prospectus Supplement dated November 2, 2012 to
Registration Statement No. 333-183150
$ 400,000,000 1.05% Notes due 2017
$ 300,000,000 3.55% Notes due 2042
| Issuer: | Praxair, Inc. | |||
| Trade Date: | November 2, 2012 | |||
| Original Issue Date (Settlement Date): | November 7, 2012 | |||
| 2017 Notes | 2042 Notes | |||
| Title of Securities: | 1.05% Notes due 2017 | 3.55% Notes due 2042 | ||
| Principal Amount: | $ 400,000,000 | $ 300,000,000 | ||
| CUSIP / ISIN: | 74005PBC7 / US74005PBC77 | 74005P BD5 / US74005PBD50 | ||
| Maturity Date: | November 7, 2017 | November 7, 2042 | ||
| Benchmark Treasury: | T 0.75% due October 31, 2017 | T 3.00% due May 15, 2042 | ||
| Benchmark Treasury Price and Yield: | 100-03+ and 0.728% | 101-28+ and 2.904% | ||
| Spread to Benchmark Treasury: | 33 basis points | 68 basis points | ||
| Yield to Maturity: | 1.058% | 3.584% | ||
| Interest Rate: | 1.05% per annum | 3.55% per annum | ||
| Public Offering Price (Issue Price): | 99.961% of the Principal Amount thereof | 99.378% of the Principal Amount thereof | ||
| Interest Payment Dates: | Semi-annually in arrears on each May 7 and November 7 commencing May 7, 2013 | Semi-annually in arrears on each May 7 and November 7 commencing May 7, 2013 | ||
| Redemption Provisions: | ||||
| Make-Whole Call: |
Treasury Rate plus 5 basis points | Treasury Rate plus 10 basis points prior to May 7, 2042 | ||
| Par Call: |
N/A | On or after May 7, 2042 | ||
| Joint Bookrunners: | Citigroup Global Markets Inc. Deutsche Bank Securities Inc. RBS Securities Inc. |
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| Co-Managers: | BNY Mellon Capital Markets, LLC HSBC Securities (USA) Inc. Merrill Lynch, Pierce, Fenner & Smith Incorporated Mitsubishi UFJ Securities (USA), Inc. Santander Investment Securities Inc. SG Americas Securities, LLC U.S. Bancorp Investments, Inc. |
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