FWP 1 d581325dfwp.htm FWP FWP

Filed Pursuant to Rule 433

Registration Statement No. 333-186257

Registration Statement No. 333-186257-01

Pricing Term Sheet

BERKSHIRE HATHAWAY FINANCE CORPORATION

Pricing Term Sheet

$600,000,000 0.950% Senior Notes due 2016

$400,000,000 2.000% Senior Notes due 2018

 

Issuer:    Berkshire Hathaway Finance Corporation
Guarantor:    Berkshire Hathaway Inc.
Trade Date:    August 6, 2013
Settlement Date:    August 15, 2013 (T+7)

0.950% Senior Notes due 2016

 

Principal Amount:    $600,000,000
Maturity Date:    August 15, 2016
Issue Price (Price to Public):    99.947% of face amount
Gross Spread:    20 bps
Proceeds to Issuer:    $598,482,000
Interest Rate:    0.950% per annum
Benchmark Treasury:    0.625% due July 15, 2016
Benchmark Treasury Yield:    0.598%
Spread to Benchmark Treasury:    +37 bps
Yield to Maturity:    0.968%
Interest Payment Dates:    Each February 15 and August 15, commencing February 15, 2014
Make-Whole call:    At any time at Treasury plus 7.5 bps
Minimum Denomination:    $2,000 and integral multiples of $1,000 in excess thereof
CUSIP:    084664 BX8
ISIN:    US084664BX84

2.000% Senior Notes due 2018

 

Principal Amount:    $400,000,000
Maturity Date:    August 15, 2018
Issue Price (Price to Public):    99.820% of face amount
Gross Spread:    32.5 bps
Proceeds to Issuer:    $397,980,000
Interest Rate:    2.00% per annum
Benchmark Treasury:    1.375% due July 31, 2018
Benchmark Treasury Yield:    1.388%
Spread to Benchmark Treasury:    +65 bps
Yield to Maturity:    2.038%
Interest Payment Dates:    Each February 15 and August 15, commencing February 15, 2014

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:    084664 BY6
ISIN:    US084664BY67

Other Information

 

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 15, 2013, 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.

Each of the issuer and the guarantor 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 and the guarantor have filed with the SEC for more complete information about the issuer, the guarantor 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.