Final Term Sheet
Filed pursuant to Rule 433
Dated March 23, 2009
Filed pursuant to Rule 433
Dated March 23, 2009
Relating to
Prospectus Supplement dated March 23, 2009 to
Registration Statement No. 333-139328
Prospectus Supplement dated March 23, 2009 to
Registration Statement No. 333-139328
$300,000,000 4.375% Notes due 2014
Issuer: |
Praxair, Inc. | |
Principal Amount: |
$300,000,000 | |
CUSIP: |
74005PAS3 | |
Title of Securities: |
4.375% Notes due 2014 | |
Trade Date: |
March 23, 2009 | |
Original Issue Date (Settlement Date): |
March 26, 2009 | |
Maturity Date: |
March 31, 2014 | |
Benchmark Treasury: |
1.875% due 2014 | |
Benchmark Treasury Price and Yield: |
100-27 / 1.696% | |
Spread to Benchmark Treasury: |
+275 basis points | |
Yield to Maturity: |
4.446% | |
Interest Rate: |
4.375% per annum | |
Public Offering Price (Issue Price): |
99.684% of the Principal Amount thereof | |
Interest Payment Dates: |
Semi-annually in arrears on each March | |
| 31 and September 30, commencing | ||
| September 30, 2009 | ||
Redemption Provision: |
Make-whole call at the Adjusted | |
| Treasury Rate plus 40 basis points | ||
Joint Bookrunners: |
Banc of America Securities LLC | |
| Citigroup Global Markets Inc. | ||
Co-Managers: |
BBVA Securities Inc., Deutsche Bank | |
| Securities Inc., Greenwich Capital | ||
| Markets, Inc., HSBC Securities (USA) | ||
| Inc., Mitsubishi UFJ Securities (USA) | ||
| Inc., Santander Investment Securities | ||
| Inc. and SG Americas Securities, LLC |
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, the issuer, any underwriter or any dealer
participating in the offering will arrange to send you the prospectus if you request it by calling
(i) Banc of America Securities LLC toll free 1-800-294-1322, or (ii) Citigroup Global Markets Inc.
toll free 1-877-858-5407.
Any disclaimers or other notices that may appear below are not applicable to this communication and
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