FREE WRITING PROSPECTUS
 

Filed Pursuant to Rule 433
Registration No. 333-141561
The Chubb Corporation
$600,000,000   6.50% Senior Notes due 2038
Final Term Sheet
     
Issuer:
  The Chubb Corporation
 
    
Ratings:
  A2 / A / A+ (Moody’s / S&P / Fitch)
 
    
Title of Security:
  6.50% Senior Notes due 2038 (“Senior Notes”)
 
    
Aggregate Principal Amount:
  $600,000,000
 
    
Trade Date:
  May 1, 2008
 
    
Settlement Date:
  May 6, 2008 (T + 3)
 
    
Maturity Date:
  May 15, 2038
 
    
Interest Rate:
  6.50% per annum, payable semi-annually
 
    
Interest Payment Dates:
  Each May 15 and November 15
 
    
First Interest Payment Date:
  November 15, 2008
 
    
Day Count:
  30/360
 
    
Treasury Benchmark:
  UST 5.00% due May 15, 2037
 
    
Treasury Yield:
  4.491%
 
    
Re-offer Spread to Benchmark:
  + 210bp
 
    
Re-offer Yield:
  6.591%
 
    
Price to Public:
  98.814%
 
    
Optional Redemption:
  The Senior Notes are redeemable in whole at any time or in part from time to time at the option of the Issuer at a redemption price equal to the greater of:
  •   100% of the principal amount of the Senior Notes being redeemed and
 
  •   the sum of the present values of the remaining scheduled payments of principal and interest on the Senior Notes (exclusive of accrued and unpaid interest to the

 

 

      redemption date) discounted to the redemption date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at a discount rate equal to the treasury rate plus 0.30%,
     
 
  in each case, plus accrued and unpaid interest to the redemption date
 
    
Minimum Denominations/Multiples:
  $1,000/multiples of $1,000 in excess thereof
 
    
CUSIP/ISIN:
  171232AS0 / US171232AS07
 
    
Joint Book-Running Managers:
  Citigroup Global Markets Inc.
Goldman, Sachs & Co.
Merrill Lynch, Pierce, Fenner & Smith
                    Incorporated
 
    
Co-Managers:
  Credit Suisse Securities (USA) LLC
Deutsche Bank Securities Inc.
Lehman Brothers Inc.

Banc of America Securities LLC
UBS Securities LLC

ABN AMRO Incorporated
BNY Mellon Capital Markets, LLC
Blaylock Robert Van, LLC
HSBC Securities (USA) Inc.
J.P. Morgan Securities Inc.
Wachovia Capital Markets, LLC
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:
     
Citigroup Global Markets Inc.
  (877) 858-5407
 
    
Goldman, Sachs & Co.
  (866) 471-2526
 
    
Merrill Lynch, Pierce, Fenner & Smith
            Incorporated
  (866) 500-5408

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