Free Writing Prospectus
Filed Pursuant to Rule 433
Registration Statement No. 333-192883
333-192883-03
Final Term Sheet
Braskem Finance Limited
U.S.$500,000,000 6.450% Notes due 2024
Unconditionally Guaranteed by Braskem S.A.
January 16, 2014
| Issuer: |
Braskem Finance Limited | |
| Guarantor: |
Braskem S.A. | |
| Principal Amount: |
U.S.$500,000,000 | |
| Ranking: |
Senior unsecured | |
| Currency: |
U.S. dollars | |
| Type of Offering: |
SEC registered | |
| Trade Date: |
January 16, 2014 | |
| Settlement Date*: |
February 3, 2014 | |
| Maturity Date: |
February 3, 2024 | |
| Coupon: |
6.450%, semi-annually in arrears | |
| Day Count Convention: |
360-day year comprised of twelve 30-day months | |
| Public Offering Price: |
100% of principal amount | |
| Yield to Maturity: |
6.450% | |
| Spread to Benchmark: |
360.7 basis points | |
| U.S. Benchmark Treasury: |
2.750% due November 15, 2023 | |
| Benchmark Treasury Spot and Yield: |
99-06+ and 2.843% | |
| Denominations: |
U.S.$200,000 and U.S.$1,000 in excess thereof | |
| Proceeds to Issuer (before fees and expenses): |
U.S.$500,000,000 | |
| Interest Payment Dates: |
February 3 and August 3 | |
| First Interest Payment Date: |
August 3, 2014 | |
| Optional Redemption: |
In whole or in part at any time at 100% of principal amount plus make-whole at Treasury plus 50 basis points | |
| Tax Redemption: |
In whole but not in part at any time at 100% of principal amount in the event of a specified change in Brazilian or Cayman Islands taxation | |
| Change of Control: |
If a specified Change of Control event occurs, unless the Issuer has exercised its option to redeem the bonds, Braskem will be required to offer to purchase the bonds at 101% of principal amount | |
| Clearing: |
DTC / Euroclear / Clearstream | |
| Expected Ratings**: |
Baa3 / BBB- / BBB- (Moody’s / S&P / Fitch) | |
| Joint Bookrunners and Joint Lead Managers: |
Banco Bradesco BBI S.A. Citigroup Global Markets Inc. Credit Agricole Securities (USA) Inc. Deutsche Bank Securities Inc. HSBC Securities (USA) Inc. | |
| Co-Manager: |
Standard Chartered Bank | |
| CUSIP: |
10553YAF2 | |
| ISIN: |
US10553YAF25 | |
| * | See “Underwriting” in the preliminary prospectus supplement for information regarding T+11 settlement. |
| ** | 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) dated December 16, 2013 with the U.S. Securities and Exchange Commission (“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 obtain these documents without charge 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 and accompanying prospectus if you request it by calling Banco Bradesco BBI S.A. collect at 1-212-888-9145, Citigroup Global Markets Inc. toll-free at 1-800-831-9146, Credit Agricole Securities (USA) Inc. toll-free at 1-866-807-6030, Deutsche Bank Securities Inc. toll-free at 1-800-503-4611 or HSBC Securities (USA) Inc. toll free at 1-866-811-8049.