Form FWP - Filing under Securities Act Rules 163/433 of free writing prospectuses
26 Febbraio 2024 - 11:17PM
Edgar (US Regulatory)
Filed Pursuant to Rule 433
Registration Nos. 333-267243 and 333-267243-02
February 26, 2024
BROOKFIELD FINANCE INC.
US$750,000,000 5.968% NOTES DUE 2054
PRICING TERM SHEET
February 26, 2024
| Issuer: |
Brookfield Finance Inc. |
| Guarantor: |
Brookfield Corporation |
| Guarantee: |
The Notes (as defined below) will be fully and unconditionally guaranteed as to payment of principal, premium (if any) and interest and certain other amounts by Brookfield Corporation. |
| Security: |
5.968% Notes due March 4, 2054 (the “Notes”) |
| Expected Ratings*: |
A3 (Stable) (Moody’s Investors Service, Inc.)
A- (Stable) (S&P Global Ratings)
A- (Stable) (Fitch Ratings, Inc.)
A (Stable) (DBRS Limited) |
| Ranking: |
Senior Unsecured |
| Size: |
US$750,000,000
There will be no sales to affiliates of Brookfield Reinsurance Ltd.
in connection with this offering. |
| Trade Date: |
February 26, 2024 |
| Expected Settlement Date: |
March 4, 2024 (T+5)
Under Rule 15c6-1 under the Exchange Act, trades in the secondary
market generally are required to settle in two business days unless the parties to any such trade expressly agree otherwise. Accordingly,
purchasers who wish to trade the Notes prior to the delivery of the Notes hereunder will be required, by virtue of the fact that the Notes
initially will settle in T+5, to specify an alternative settlement cycle at the time of any such trade to prevent a failed settlement.
Purchasers of the Notes who wish to trade the Notes prior to their date of delivery hereunder should consult their own advisors. |
| Maturity Date: |
March 4, 2054 |
| Coupon: |
5.968% |
| Interest Payment Dates: |
March 4 and September 4, commencing September 4, 2024 |
| Price to Public: |
100% |
| Benchmark Treasury: |
UST 4.750% due November 15, 2053 |
| Benchmark Treasury Price & Yield: |
105-14+; 4.418% |
| Spread to Benchmark Treasury: |
+ 155 basis points |
| Yield: |
5.968% |
| Denominations: |
Initial denominations of US$2,000 and subsequent multiples of US$1,000 |
| Covenants: |
Change of control (put @ 101%)
Negative pledge
Consolidation, merger, amalgamation and sale of substantial assets |
| Redemption Provisions: |
|
| Make-Whole Call: |
Prior to September 4, 2053 (six months prior to maturity), treasury rate plus 25 basis points |
| Par Call: |
At any time on or after September 4, 2053 (six months prior to maturity), at 100% of the principal amount of the Notes to be redeemed |
| Use of Proceeds: |
The net proceeds from the sale of the Notes will be used for general corporate purposes |
| CUSIP/ISIN: |
11271L AL6 / US11271LAL62 |
| Joint Book-Running Managers: |
Wells Fargo Securities, LLC
SMBC Nikko Securities America, Inc.
Citigroup Global Markets Inc.
Deutsche Bank Securities Inc. |
| Co-Managers: |
Banco Bradesco BBI S.A.
BNP Paribas Securities Corp.
Desjardins Securities Inc.
Itau BBA USA Securities, Inc.
Mizuho Securities USA LLC
MUFG Securities Americas Inc.
National Bank of Canada Financial Inc.
Natixis Securities Americas LLC
Santander US Capital Markets LLC
SG Americas Securities, LLC |
Capitalized terms used and not defined herein have the meanings assigned
in the Issuer and the Guarantor’s Prospectus Supplement, dated February 26, 2024.
* 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.
The Issuer and the Guarantor have filed a joint registration statement
(including a prospectus) and a prospectus supplement with the SEC for the offering to which this communication relates. Before you invest,
you should read the prospectus in that registration statement, the prospectus supplement 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 website 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 Wells Fargo Securities, LLC
at 1-800-645-3751 or by emailing wfscustomerservice@wellsfargo.com, or by calling SMBC Nikko Securities America, Inc. at 1-888-868-6856
or by emailing prospectus@smbcnikko-si.com.
No PRIIPs or UK PRIIPs key information document (KID) has been prepared
as European Economic Area or UK retail investors are not targeted.
Grafico Azioni Brookfield (NYSE:BN)
Storico
Da Gen 2025 a Feb 2025
Grafico Azioni Brookfield (NYSE:BN)
Storico
Da Feb 2024 a Feb 2025
