Issuer Free Writing Prospectus
Filed Pursuant to Rule 433
Registration No. 333-147664
Filed Pursuant to Rule 433
Registration No. 333-147664
NORDSTROM, INC.
Final Term Sheet
November 28, 2007
Final Term Sheet
November 28, 2007
| 2018 Notes |
||
Issuer:
|
Nordstrom, Inc. | |
Size:
|
$650,000,000 | |
Maturity:
|
January 15, 2018 | |
Coupon (Interest Rate):
|
6.250% | |
Yield to Maturity:
|
6.331% | |
Spread to Benchmark Treasury:
|
+230 basis points | |
Benchmark Treasury:
|
4.25% due November 15, 2017 | |
Benchmark Treasury Price and Yield:
|
101-25; 4.031% | |
Interest Payment Dates:
|
January 15 and July 15, commencing July 15, 2008 | |
Redemption Provision:
|
In whole or in part, at any time, at the Issuer’s option, at the greater of (i) 100% of principal amount or (ii) discounted present value at the Treasury Rate plus 45 basis points | |
Price to Public:
|
99.388% | |
Settlement Date:
|
December 3, 2007 | |
Ratings:
|
Baa1 by Moody’s Investors Service, Inc., A- by Standard & Poor’s Ratings Services | |
CUSIP:
|
655664AK6 | |
Joint Book-Running Managers:
|
Banc of America Securities LLC | |
| Goldman, Sachs & Co. | ||
| Morgan Stanley & Co. Incorporated | ||
Co-Managers:
|
J.P. Morgan Securities Inc. | |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | ||
| Greenwich Capital Markets, Inc. | ||
| Credit Suisse Securities (USA) LLC | ||
| Wedbush Morgan Securities Inc. | ||
| Loop Capital Markets, LLC | ||
| KeyBanc Capital Markets Inc. | ||
| Piper Jaffray & Co. | ||
| Wells Fargo Securities, LLC | ||
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| 2038 Notes |
||
Issuer:
|
Nordstrom, Inc. | |
Size: |
$350,000,000 | |
Maturity:
|
January 15, 2038 | |
Coupon (Interest Rate):
|
7.000% | |
Yield to Maturity:
|
7.177% | |
Spread to Benchmark Treasury:
|
+275 basis points | |
Benchmark Treasury:
|
4.75% due February 15, 2037 | |
Benchmark Treasury Price and Yield:
|
105-08+; 4.427% | |
Interest Payment Dates:
|
January 15 and July 15, commencing July 15, 2008 | |
Redemption Provision:
|
In whole or in part, at any time, at the Issuer’s option, at the greater of (i) 100% of principal amount or (ii) discounted present value at the Treasury Rate plus 45 basis points | |
Price to Public:
|
97.812% | |
Settlement Date:
|
December 3, 2007 | |
Ratings:
|
Baa1 by Moody’s Investors Service, Inc., A- by Standard & Poor’s Ratings Services | |
CUSIP:
|
655664AL4 | |
Joint Book-Running Managers:
|
Banc of America Securities LLC | |
| Goldman, Sachs & Co. | ||
| Morgan Stanley & Co. Incorporated | ||
Co-Managers:
|
J.P. Morgan Securities Inc. | |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | ||
| Greenwich Capital Markets, Inc. | ||
| Credit Suisse Securities (USA) LLC | ||
| Wedbush Morgan Securities Inc. | ||
| Loop Capital Markets, LLC | ||
| KeyBanc Capital Markets Inc. | ||
| Piper Jaffray & Co. | ||
| Wells Fargo Securities, LLC | ||
Note: A security rating is not a recommendation to buy, sell or hold securities and may be subject
to revision or withdrawal at any time.
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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, Banc of America Securities LLC can
arrange to send you the prospectus if you request it by calling or e-mailing Banc of America
Securities LLC at 1-800-294-1322 or dg.prospectus_distribution@bofasecurities.com, Goldman, Sachs &
Co. at 1 -866-471-2526 or prospectus-ny@ny.email.gs.com or Morgan Stanley & Co. Incorporated at
1-866-718-1649.
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