Filed Pursuant to Rule 433
Registration No. 333-167435
Term Sheet
June 10, 2010
MAXIM INTEGRATED PRODUCTS, INC.
$300,000,000 3.45% NOTES DUE 2013
| |
|
|
|
ISSUER:
|
|
Maxim Integrated Products, Inc. |
|
|
|
TITLE OF SECURITIES:
|
|
3.45% Notes due 2013 |
|
|
|
RATINGS*:
|
|
Baa1 by Moody’s Investors Service,
Inc and BBB by Standard & Poor’s
Rating Services |
|
|
|
TRADE DATE:
|
|
June 10, 2010 |
|
|
|
SETTLEMENT DATE (T+5):
|
|
June 17, 2010 |
|
|
|
MATURITY DATE:
|
|
June 14, 2013 |
|
|
|
AGGREGATE PRINCIPAL AMOUNT OFFERED:
|
|
$300,000,000 |
|
|
|
PRICE TO PUBLIC (ISSUE PRICE):
|
|
99.876% |
|
|
|
BENCHMARK:
|
|
UST 1.375% due May 15, 2013 |
|
|
|
BENCHMARK TREASURY PRICE AND YIELD:
|
|
100-12; 1.244% |
|
|
|
YIELD TO MATURITY:
|
|
3.494% |
|
|
|
SPREAD TO TREASURY:
|
|
+225 basis points |
|
|
|
INTEREST RATE:
|
|
3.45% per annum |
|
|
|
INTEREST PAYMENT DATES:
|
|
Semi-annually on each June 14 and
December 14; commencing on December
14, 2010 |
|
|
|
DENOMINATIONS:
|
|
$2,000 by $1,000 |
|
|
|
OPTIONAL REDEMPTION:
|
|
Make-whole call at any time at the
greater of 100% of the principal
amount of the notes being redeemed
or discounted present value at the
treasury rate plus 35 basis points |
|
|
|
CHANGE OF CONTROL:
|
|
Upon the occurrence of a Change of
Control Triggering Event, we will be
required to make an offer to
purchase the notes at a price equal
to 101% of their principal amount
plus accrued and unpaid interest to
the date of repurchase. |
2
| |
|
|
|
JOINT BOOKRUNNERS:
|
|
J.P. Morgan Securities Inc. and Goldman, Sachs & Co. |
|
|
|
CUSIP:
|
|
57772KAA9 |
|
|
|
ISIN:
|
|
US57772KAA97 |
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 PROSPECTUS RELATING TO THE OFFERING MAY BE OBTAINED BY CALLING EITHER J.P.
MORGAN SECURITIES INC. COLLECT AT 1-212-834-4533 OR GOLDMAN, SACHS & CO. TOLL-FREE AT
1-866-471-2526.
ANY DISCLAIMERS OR OTHER NOTICES THAT MAY APPEAR BELOW ARE NOT APPLICABLE TO THIS
COMMUNICATION AND SHOULD BE DISREGARDED. SUCH DISCLAIMERS OR OTHER NOTICES WERE AUTOMATICALLY
GENERATED AS A RESULT OF THIS COMMUNICATION BEING SENT VIA BLOOMBERG OR ANOTHER EMAIL SYSTEM.
WE EXPECT TO DELIVER THE NOTES AGAINST PAYMENT FOR THE NOTES ON OR ABOUT THE DATE SPECIFIED
IN THE LAST PARAGRAPH OF THE COVER PAGE OF THIS PROSPECTUS SUPPLEMENT, WHICH WILL BE THE
FIFTH BUSINESS DAY FOLLOWING THE DATE OF THE PRICING OF THE NOTES. UNDER RULE 15C6-1 OF THE
EXCHANGE ACT, TRADES IN THE SECONDARY MARKET GENERALLY ARE REQUIRED TO SETTLE IN THREE
BUSINESS DAYS, UNLESS THE PARTIES TO ANY SUCH TRADE EXPRESSLY AGREE OTHERWISE. ACCORDINGLY,
PURCHASERS WHO WISH TO TRADE NOTES ON THE DATE OF PRICING OR THE NEXT SUCCEEDING BUSINESS DAY
WILL BE REQUIRED, BY VIRTUE OF THE FACT THAT THE NOTES INITIALLY WILL SETTLE IN T+5, TO
SPECIFY AN ALTERNATE SETTLEMENT ARRANGEMENT TO PREVENT A FAILED SETTLEMENT.
* 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.