Filed Pursuant to Rule 433
Registration Statement No. 333-186257
Pricing Term Sheet
BERKSHIRE HATHAWAY INC.
Pricing Term Sheet
$750,000,000 2.100% Senior Notes due 2019
| Issuer: |
Berkshire Hathaway Inc. | |
| Trade Date: |
August 7, 2014 | |
| Settlement Date: |
August 14, 2014 (T+5) | |
| Principal Amount: |
$750,000,000 | |
| Maturity Date: |
August 14, 2019 | |
| Issue Price (Price to Public): |
99.991% of face amount | |
| Gross Spread: |
32.5 bps | |
| Proceeds to Issuer: |
$747,495,000 | |
| Interest Rate: |
2.100% per annum | |
| Benchmark Treasury: |
1.625% due July 31, 2019 | |
| Benchmark Treasury Yield: |
1.602% | |
| Spread to Benchmark Treasury: |
+50 bps | |
| Yield to Maturity: |
2.102% | |
| Day Count Convention: |
30/360 If any date on which interest is payable on the notes is not a business day, then payment of the interest payable on such date will be made on the next succeeding day that is a business day (and without any interest or other payment in respect of any such delay) with the same force and effect as if made on such interest payment date. | |
| Interest Payment Dates: |
Each February 14 and August 14, commencing February 14, 2015 | |
| Make-Whole Call: |
At any time at Treasury plus +10 bps | |
| Minimum Denomination: |
$2,000 and integral multiples of $1,000 in excess thereof | |
| CUSIP: |
084670 BL1 | |
| ISIN: |
US084670BL15 | |
| Joint Book-Running Managers: |
Goldman, Sachs & Co. Merrill Lynch, Pierce, Fenner & Smith Incorporated Wells Fargo Securities, LLC | |
Settlement Period: The closing will occur on August 14, 2014, which will be more than three U.S. business days after the date of this pricing term sheet. Rule 15c6-1 under the Securities Exchange Act of 1934 generally requires that securities trades in the secondary market settle in three business days, unless the parties to a trade expressly agree otherwise.
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 Goldman, Sachs & Co. toll-free at (866) 471-2526, Merrill Lynch, Pierce, Fenner & Smith Incorporated toll-free at (800) 294-1322 or Wells Fargo Securities, LLC at (800) 326-5897.