Filed Pursuant to Rule 433
Registration No. 333-179420
Pricing Term Sheet
February 8, 2012
FREEPORT-MCMORAN COPPER & GOLD INC.
Pricing Term Sheet — 2022 Notes
| Issuer: |
Freeport-McMoRan Copper & Gold Inc. | |
| Security Description: |
Senior Notes | |
| Format: |
SEC Registered | |
| Size: |
$2,000,000,000 | |
| Maturity: |
March 1, 2022 | |
| Coupon: |
3.550% | |
| Yield: |
3.580% | |
| Spread to Benchmark Treasury: |
T+160 basis points | |
| Benchmark Treasury: |
UST 2.000% due 11/15/21 | |
| Benchmark Treasury Price; Yield: |
100-05+; 1.980% | |
| Interest Payment Dates: |
Semi-annually on March 1 and September 1 of each year, commencing September 1, 2012 | |
| Optional Redemption: |
Make-whole call at any time @ T+ 25 basis points prior to December 1, 2021. Par call at any time on or after December 1, 2021. | |
| Price to Public: |
99.747% | |
| Use of Proceeds: |
We intend to use the net proceeds from the offering of the 2015 senior notes, the 2017 senior notes and the 2022 senior notes plus cash on hand to redeem our outstanding 8.375% Senior Notes due 2017. | |
| Trade Date: |
February 8, 2012 | |
| Settlement Date: |
February 13, 2012 (T+3) | |
| Minimum Denominations: |
$2,000 x $1,000 | |
| CUSIP: |
35671D AU9 | |
| ISIN: |
US35671DAU90 | |
| Ratings*: |
Moody’s: Baa3 (positive) S&P: BBB (stable) |
* 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.
| Bookrunners: |
J.P. Morgan Securities LLC Merrill Lynch, Pierce, Fenner & Smith Incorporated | |
| Senior Co-Managers: |
BNP Paribas Securities Corp. Citigroup Global Markets Inc. HSBC Securities (USA) Inc. Scotia Capital (USA) Inc. | |
| Co-Managers |
Goldman, Sachs & Co. Mizuho Securities USA Inc. Morgan Stanley & Co. LLC. | |
| Junior Co-Managers |
CIBC World Markets Corp. Mitsubishi UFJ Securities (USA), Inc. Santander Investment Securities Inc. SMBC Nikko Capital Markets Limited U.S. Bancorp Investments, Inc. Deutsche Bank Securities Inc. Natixis Securities Americas LLC RBC Capital Markets, LLC Standard Chartered Bank Wells Fargo Securities, LLC The Williams Capital Group, L.P. |
The issuer has filed a registration statement (including a prospectus supplement) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus supplement and the accompanying 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 supplement if you request it by calling J.P. Morgan Securities LLC collect at 1-212-834-4533 or Merrill Lynch, Pierce, Fenner & Smith Incorporated toll-free at 1-800-294-1322.