Free Writing Prospectus
Filed pursuant to Rule 433
Registration No. 333-202215
€500,000,000
General Mills, Inc.
Floating Rate Notes due 2020
Pricing Term Sheet
January 11, 2016
| Issuer: | General Mills, Inc. | |
| Issuer Ratings*: | A3/BBB+/BBB+ (Moody’s/S&P/Fitch) | |
| Principal Amount: | €500,000,000 | |
| Offering Format: | SEC Registered | |
| Listing: | General Mills intends to apply to list the notes on the New York Stock Exchange | |
| Maturity: | January 15, 2020 | |
| Price to Public: | 100.00% | |
| Interest Rate Basis: | 3-month EURIBOR | |
| Spread: | +73 basis points | |
| Minimum Interest Rate: | 0.00% per annum | |
| Interest Payment Dates: | Quarterly on January 15, April 15, July 15 and October 15, commencing on April 15, 2016 | |
| Interest Reset Dates: | Quarterly on January 15, April 15, July 15 and October 15, commencing on April 15, 2016 | |
| Initial Interest Determination Date: | January 13, 2016 | |
| Day Count Convention: | Actual/360; Modified Following, Adjusted | |
| Optional Redemption Provisions: | None | |
| Change of Control Offer to Purchase: | If a change of control triggering event occurs, General Mills will be required to make an offer to purchase the notes at a purchase price equal to 101% of the principal amount of the notes, plus accrued and unpaid interest, if any, to the date of repurchase. | |
| Trade Date: | January 11, 2016 | |
| Settlement Date: | T+4; January 15, 2016 | |
| Denominations: | €100,000 and higher multiples of €1,000 | |
| CUSIP/ISIN: | 370334 BY9 / XS1346107433 | |
| Joint Book-Running Managers: | Merrill Lynch International Credit Suisse Securities (Europe) Limited J.P. Morgan Securities plc | |
| Senior Co-Managers: | Barclays Bank PLC Société Générale | |
| Co-Managers: | Standard Chartered Bank |
| * | 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) with the 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 get these documents for free by visiting
EDGAR on the SEC’s website at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling Merrill Lynch International at 1-800-294-1322, Credit Suisse Securities (Europe) Limited at 1-800-221-1037, or J.P. Morgan Securities plc at +44-207-134-2468.
This pricing term sheet supplements the preliminary form of Prospectus Supplement issued by General Mills, Inc. on January 11, 2016 relating to its Prospectus dated February 20, 2015.
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