Free Writing Prospectus

Filed Pursuant to Rule 433

Registration No. 333-131723

February 14, 2006

Pricing Term Sheet for 5.5% Senior Notes due 2016

 

Issuer:

   Cisco Systems, Inc.

Ticker:

   CSCO

Ratings:

   A1 / A+

Security Type:

   SEC Registered

Size:

   $3,000,000,000

Maturity:

   February 22, 2016

Coupon:

   5.50%

Price:

   99.543%

Yield:

   5.56%

Spread:

   +95

TSY:

   99-04

Trade Date

   February 14, 2006

Pay Dates:

   February 22 and August 22

Make-Whole:

   +20

Settlement:

   February 22, 2006

Bookrunners:

  

Citigroup Global Markets Inc.

J.P. Morgan Securities Inc.

Merrill Lynch, Pierce, Fenner & Smith Incorporated

Morgan Stanley & Co. Incorporated

Senior Co-Managers:

  

Goldman, Sachs & Co.

Banc of America Securities LLC

Deutsche Bank Securities Inc.

Co-Managers:

  

Barclays Capital Inc.

Credit Suisse Securities (USA) LLC

HSBC Securities (USA) Inc.

Lehman Brothers Inc.

Wachovia Capital Markets, LLC

Wells Fargo 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 collect 1-212-834-4533.

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.