Form FWP - Filing under Securities Act Rules 163/433 of free writing prospectuses
06 Febbraio 2024 - 9:50PM
Edgar (US Regulatory)
Issuer Free Writing Prospectus
Filed Pursuant to Rule 433
Registration No. 333-262821
February 6, 2024
CNA Financial Corporation
$500,000,000
5.125% Notes Due 2034
Final Term Sheet
| Issuer: |
CNA Financial Corporation |
| Offering Format: |
SEC Registered |
| Securities: |
5.125% Notes due 2034 (the “Notes”) |
| Security Type: |
Senior Unsecured Fixed Rate Notes |
| Trade Date: |
February 6, 2024 |
| Settlement Date*: |
February 9, 2024 (T + 3) |
| Maturity Date: |
February 15, 2034 |
| Expected Ratings (Moody’s / S&P / Fitch)**: |
Baa2 / A- / BBB+ |
| Interest Payment Dates: |
Semi-annually on February 15 and August 15, commencing on August 15, 2024 |
| Principal Amount: |
$500,000,000 |
| Treasury Benchmark: |
4.500% due November 15, 2033 |
| Treasury Benchmark Yield: |
4.090% |
| Spread to Treasury Benchmark: |
T + 120 basis points |
| Yield to Maturity: |
5.290% |
| Coupon: |
5.125% |
| Price to Public: |
98.729% of principal amount |
| Optional Redemption: |
Make-whole at T + 20 basis points any time prior to November 15, 2033; par call at any time on or after November 15, 2033 |
| CUSIP / ISIN: |
126117 AY6 / US126117AY60 |
| Joint Book-Running Managers: |
Wells Fargo Securities, LLC
BofA Securities, Inc.
J.P. Morgan Securities LLC
Barclays Capital Inc.
Citigroup Global Markets Inc.
U.S. Bancorp Investments, Inc. |
| Co-Managers: |
Samuel A. Ramirez & Company, Inc.
Siebert Williams Shank & Co., LLC |
*It is expected that delivery of the Notes will
be made against payment therefor on or about February 9, 2024, which will be the third business day following the date hereof (this
settlement cycle being referred to as “T+3”). Under Rule 15c6-1 of the Securities Exchange Act of 1934, trades in the
secondary market generally are required to settle in two business days, unless the parties to a trade expressly agree otherwise. Accordingly,
purchasers who wish to trade the Notes on any day prior to two business days before delivery will be required to specify alternative settlement
arrangements at the time of any such trade to prevent a failed settlement and should consult their own advisors.
**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 website at www.sec.gov. Alternatively, the Joint
Book-Running Managers in the offering will arrange to send you the prospectus if you request it by calling Wells Fargo Securities, LLC
toll-free at (800) 645-3751, BofA Securities, Inc. at (800) 294-1322 and J.P. Morgan Securities LLC collect at (212) 834-4533.
Any disclaimer or other notice that may appear
below is not applicable to this communication and should be disregarded. Such disclaimer or notice was automatically generated as a result
of this communication being sent by Bloomberg or another email system.
Grafico Azioni CNA Financial (NYSE:CNA)
Storico
Da Dic 2024 a Gen 2025
Grafico Azioni CNA Financial (NYSE:CNA)
Storico
Da Gen 2024 a Gen 2025
