|
Issuer:
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Freeport-McMoRan
Copper & Gold, Inc.
|
|
|
Security
description:
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Senior
Notes
|
|
|
Distribution:
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SEC
Registered
|
|
|
Face
Amount:
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$1,500,000,000
|
|
|
Gross
proceeds:
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$1,500,000,000
|
|
|
Net
proceeds to Issuer (before expenses):
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$1,470,000,000
|
|
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Coupon:
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8.25%
|
|
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Maturity:
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April
1, 2015
|
|
|
Offering
Price:
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100%
of face amount
|
|
|
Yield
to maturity:
|
8.25%
|
|
|
Spread
to Benchmark Treasury:
|
+374
bps
|
|
|
Benchmark
Treasury:
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UST
4% due 2/15/2015
|
|
|
Ratings:
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B2/B+
|
|
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Interest
Payment Dates:
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April
1 and October 1
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|
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First
Interest Payment Date:
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October
1, 2007
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|
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Equity
Clawback:
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Up
to 35% at 108.25%
|
|
|
Until:
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April
1, 2010
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|
|
Optional
redemption:
|
||
|
Make-whole
call @ T+50 bps prior to April 1, 2011 then:
|
||
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On
or after:
|
Price:
|
|
|
April
1, 2011
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104.125%
|
|
|
April
1, 2012
|
102.063%
|
|
|
April
1, 2013 and thereafter
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100.000%
|
|
|
Change
of control:
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Putable
at 101% of principal plus accrued interest
|
|
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CUSIP:
|
35671DAR6
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|
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ISIN:
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US35671DAR61
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|
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Minimum
Denominations/Integral Multiples:
|
2,000
x 1,000
|
|
|
Trade
date:
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March
14, 2007
|
|
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Settlement
date:
|
T+3;
March 19, 2007
|
|
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Bookrunners:
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JPMorgan
|
|
|
Merrill
Lynch & Co.
|
||
|
Co-Managers:
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HSBC
|
|
|
Scotia
|
||
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UBS
Investors Bank
|
||
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ANZ
Securities, Inc.
|
||
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BNP
Paribas Securities Corp.
|
||
|
Calyon
Securities (USA) Inc.
|
||
|
Daiwa
Securities SMBC Europe Limited
|
||
|
Greenwich
Capital Markets, Inc.
|
||
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HVB
Capital Markets, Inc.
|
||
|
ING
Financial Markets LLC
|
||
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Mitsubishi
UFJ Securities International plc
|
||
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Mizuho
Securities USA, Inc.
|
||
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Natexis
Bleichroeder Inc.
|
||
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RBC
Capital Markets Corporation
|
||
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SG
Americas Securities, LLC
|
||
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Standard
Chartered Bank
|
||
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WestLB
Securities Inc.
|
||
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The
issuer has filed a registration statement (including a prospectus
supplement) with the SEC for the offering to which this communication
relates. Before you invest, you should read the prospectus supplement
and
the accompanying 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 supplement if you request it by
calling
J.P. Morgan Securities, Inc. toll-free at
1-800-245-8812.
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