Final Term Sheet
Filed Pursuant to Rule 433
Registration No. 333-161798
September 9, 2009
THE TIMKEN COMPANY
Pricing Term Sheet
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Issuer: |
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The Timken Company |
Size: |
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$250,000,000 |
Maturity: |
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September 15, 2014 |
Coupon: |
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6.000% |
Price: |
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99.863% of face amount |
Yield to maturity: |
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6.032% |
Spread to Benchmark Treasury: |
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3.625% |
Benchmark Treasury: |
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2.375% due August 31, 2014 |
Benchmark Treasury Price and Yield: |
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99-27
1/4 / 2.407% |
Interest Payment Dates: |
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March 15 and September 15, commencing |
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March 15, 2010 |
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Redemption Provisions: |
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Make-whole call |
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At any time at a discount rate of
Treasury plus 50 basis points |
Settlement: |
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T+3; September 14, 2009 |
CUSIP: |
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887389AG9 |
Ratings*: |
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Moody’s: Baa3 (stable outlook)
S&P: BBB- (stable outlook) |
Bookrunners: |
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J.P. Morgan Securities Inc. |
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Deutsche Bank Securities Inc. |
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Morgan Stanley & Co. Incorporated |
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Banc of America Securities LLC |
*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 and a prospectus supplement)
with the SEC for the offering to which this communication relates. Before you invest, you should
read the prospectus and the prospectus supplement 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 and prospectus supplement if you request it by
calling J.P. Morgan Securities Inc. collect at 1-212-834-4533, Deutsche Bank Securities Inc.
toll-free at 1-800-503-4611, Morgan Stanley & Co. Incorporated toll-free at 1-866-718-1649 or Banc
of America Securities LLC toll-free at 1-800-294-1322.