FWP
Filed
Pursuant to 433
Registration No. 333-113515
February 28, 2007
Pricing
Term Sheet
The
Procter & Gamble Company
$1,400,000,000 5.550% Notes due 2037
| Issuer: |
|
The Procter & Gamble Company |
| Size: |
|
$1,400,000,000 |
| Maturity: |
|
March 5, 2037 |
| Coupon: |
|
5.550% |
| Price to Public: |
|
99.321% of face amount |
| Yield to maturity: |
|
5.597% |
| Spread to Benchmark Treasury: |
|
+90 basis points |
| Benchmark Treasury: |
|
4.500% due February 2036 |
| Benchmark Treasury Yield: |
|
4.697% |
| Interest Payment Dates: |
|
March 5 and September 5, commencing September 5, 2007 |
| Make-whole Redemption: |
|
At any time at the greater of 100% or a
discount rate of Treasury plus 15 basis
points |
| Trade Date: |
|
February 28, 2007 |
| Settlement Date: |
|
March 5, 2007 (T+3) |
| Denominations: |
|
$2,000 x $1,000 |
| CUSIP: |
|
742718DF3 |
| ISIN: |
|
US742718DF34 |
| Ratings: |
|
Aa3 (Stable)/AA-(Stable) |
| Joint Bookrunners: |
|
Citigroup Global Markets Inc.
Goldman, Sachs & Co.
J.P. Morgan Securities Inc.
Morgan Stanley & Co. Incorporated
|
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 Citigroup Global Markets Inc.
at 1-877-858-5407, Goldman, Sachs & Co. at 1-212-902-1171, J.P. Morgan
Securities Inc. collect at 1-212-834-4533 or Morgan Stanley & Co. Incorporated
at 1-800-718-1649.
Any disclaimer or other notice that may appear below is not applicable to this
communication and should be disregarded. Such disclaimer or notice was
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