Free Writing Prospectus
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Filed pursuant to Rule 433 | |
(To Prospectus dated July 31, 2009 and
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Registration No. 333-160964 | |
Preliminary Prospectus Supplement Dated October 25, 2010) |
Issuer:
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Sonoco Products Company | |
Size:
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$350,000,000 | |
Maturity Date:
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November 1, 2040 | |
Coupon (Interest Rate):
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5.75% | |
Yield to Maturity:
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5.806% | |
Spread to Benchmark Treasury:
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190 bps | |
Benchmark Treasury:
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4.375% US Treasury Notes due May 15, 2040 | |
Benchmark Treasury Price and Yield:
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108-05+; 3.906% | |
Interest Payment Dates:
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Semi-annually on each May 1 and November 1, commencing on May 1, 2011 | |
Make-Whole Call:
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Make-whole at T + 30 bps (before six months prior to the Maturity Date) | |
Par Call:
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At any time on or after the date that is six months prior to the Maturity Date, the Notes will be redeemable in whole at any time or in part from time to time, at the Issuers option, at a redemption price equal to 100% of the principal amount of the Notes to be redeemed plus accrued and unpaid interest thereon to the date of redemption. | |
Price to Public:
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99.209% | |
Trade Date:
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October 25, 2010 | |
Settlement Date:
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November 1, 2010 (T+5) | |
Expected Ratings:*
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Baa2 (Moodys)/ BBB+ (S&P) | |
CUSIP / ISIN:
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835495 AJ 1 / US835495AJ18 | |
Joint Book-Running Managers:
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Banc of America Securities LLC Wells Fargo Securities, LLC Deutsche Bank Securities Inc. J.P. Morgan Securities LLC |
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Co-Managers:
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BNY Mellon Capital Markets, LLC Mitsubishi UFJ Securities (USA) Inc. U.S. Bancorp Investments, Inc. |