Filed Pursuant to Rule 433
Registration Statement No. 333- 227436
May 11, 2020
Final Term Sheet
Fiserv, Inc.
$1,000,000,000 2.250% Senior Notes Due 2027
$1,000,000,000 2.650% Senior Notes Due 2030
| Issuer: |
Fiserv, Inc. | |
| Offering Format: |
SEC Registered | |
| Expected Ratings (Moody’s / S&P)*: |
Baa2 / BBB | |
| Trade Date: |
May 11, 2020 | |
| Settlement Date (T+2): |
May 13, 2020 | |
| Optional Tax Redemption: |
Each series of notes may be redeemed, at any time, at the surviving entity’s option, in whole but not in part, at a redemption price equal to 100% of the principal amount of the notes of such series then outstanding, plus accrued and unpaid interest on the principal amount being redeemed (and any Additional Amounts (as defined in the preliminary prospectus supplement)) to (but excluding) the redemption date, if (i) at any time following a transaction to which the provisions of the indenture described under “—Merger, Consolidation and Sale of Assets” in the preliminary prospectus supplement applies, the surviving entity is required to pay Additional Amounts and (ii) such obligation cannot be avoided by the surviving entity taking reasonable measures available to it. | |
| Joint Book-Running Managers: |
BofA Securities, Inc. Citigroup Global Markets Inc. J.P. Morgan Securities LLC Wells Fargo Securities, LLC BMO Capital Markets Corp. MUFG Securities Americas Inc. PNC Capital Markets LLC SunTrust Robinson Humphrey, Inc. TD Securities (USA) LLC U.S. Bancorp Investments, Inc. | |
| Co-Managers: |
Capital One Securities, Inc. Citizens Capital Markets, Inc. NatWest Markets Securities Inc. Santander Investment Securities Inc. Credit Suisse Securities (USA) LLC Mizuho Securities USA LLC KeyBanc Capital Markets Inc. Scotia Capital (USA) Inc. Huntington Securities, Inc. Siebert Williams Shank Comerica Securities, Inc. Samuel A. Ramirez & Company, Inc. | |
Terms Applicable to
2.250% Senior Notes due 2027
| Principal Amount: |
$1,000,000,000 | |
| Maturity Date: |
June 1, 2027 | |
| Interest Payment Dates: |
June 1 and December 1 of each year, beginning December 1, 2020 | |
| Benchmark Treasury: |
UST 0.500% due April 30, 2027 | |
| Benchmark Treasury Price / Yield: |
99-19 / 0.560% | |
| Spread to Benchmark Treasury: |
T+170 bps | |
| Yield to Maturity: |
2.260% | |
| Coupon: |
2.250% | |
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| Price to Public: |
99.934% of the principal amount | |
| Optional Redemption: |
At any time prior to April 1, 2027, make-whole call as set forth in the preliminary prospectus supplement (T+30 bps). At any time on or after April 1, 2027, at 100% of the principal amount plus accrued and unpaid interest to, but not including, the redemption date as set forth in the preliminary prospectus supplement. | |
| Minimum Denominations: |
$2,000 and any integral multiple of $1,000 in excess thereof. | |
| CUSIP / ISIN: |
337738 BB3 / US337738BB35 | |
Terms Applicable to
2.650% Senior Notes due 2030
| Principal Amount: |
$1,000,000,000 | |
| Maturity Date: |
June 1, 2030 | |
| Interest Payment Dates: |
June 1 and December 1 of each year, beginning December 1, 2020 | |
| Benchmark Treasury: |
UST 1.500% due February 15, 2030 | |
| Benchmark Treasury Price / Yield: |
107-11 / 0.720% | |
| Spread to Benchmark Treasury: |
T+195 bps | |
| Yield to Maturity: |
2.670% | |
| Coupon: |
2.650% | |
| Price to Public: |
99.824% of the principal amount | |
| Optional Redemption: |
At any time prior to March 1, 2030, make-whole call as set forth in the preliminary prospectus supplement (T+30 bps). At any time on or after March 1, 2030, at 100% of the principal amount plus accrued and unpaid interest to, but not including, the redemption date as set forth in the preliminary prospectus supplement. | |
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| Minimum Denominations: |
$2,000 and any integral multiple of $1,000 in excess thereof. | |
| CUSIP / ISIN: |
337738 BC1 / US337738BC18 | |
* Note: The security ratings above are not a recommendation to buy, sell or hold the securities offered hereby. The ratings may be subject to revision or withdrawal at any time by the assigning rating organization, and each rating should be evaluated independently of any other rating.
The Issuer has filed a Registration Statement (including a prospectus) and a preliminary prospectus supplement with the Securities and Exchange Commission (the “SEC”) for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement, the preliminary prospectus supplement 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 website at www.sec.gov. Alternatively, the Issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus and preliminary prospectus supplement if you request it by calling BofA Securities, Inc. toll-free at +1 (800) 294-1322, Citigroup Global Markets Inc. toll-free at +1 (800) 831-9146, J.P. Morgan Securities LLC collect at +1 (212) 834-4533 or Wells Fargo Securities, LLC toll-free at +1 (800) 645-3751 or by email to wfscustomerservice@wellsfargo.com.
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