Filed Pursuant to Rule 433
Registration File No. 333-200421
March 9, 2015
KINDER MORGAN, INC.
Pricing Term Sheet
€750,000,000 1.500% Senior Notes due 2022
€500,000,000 2.250% Senior Notes due 2027
|
Issuer: |
|
Kinder Morgan, Inc. |
|
|
|
|
|
|
|
|
|
Ratings: (Moody’s / S&P / Fitch)* |
|
Baa3 / BBB- / BBB- |
|
|
|
|
|
|
|
|
|
Ratings Outlooks: (Moody’s / S&P / Fitch)* |
|
Stable / Stable / Stable |
|
|
|
|
|
|
|
|
|
Security Type: |
|
Senior Notes |
|
|
|
|
|
|
|
|
|
Pricing Date: |
|
March 9, 2015 |
|
|
|
|
|
|
|
|
|
Settlement Date (T+5): |
|
March 16, 2015 |
|
|
|
|
|
|
|
|
|
|
|
1.500% Senior Notes due 2022 |
|
2.250% Senior Notes due 2027 |
|
|
|
|
|
|
|
Maturity Date: |
|
March 16, 2022 |
|
March 16, 2027 |
|
|
|
|
|
|
|
Principal Amount: |
|
€750,000,000 |
|
€500,000,000 |
|
|
|
|
|
|
|
Price to the Public: |
|
99.664% |
|
99.834% |
|
|
|
|
|
|
|
Underwriting Discount: |
|
0.40% |
|
0.50% |
|
|
|
|
|
|
|
Net Proceeds to Issuer, before expenses: |
|
€744,480,000 |
|
€496,670,000 |
|
|
|
|
|
|
|
Benchmark Bund Rate: |
|
2.0% due January 4, 2022 |
|
0.5% due February 15, 2025 |
|
|
|
|
|
|
|
Benchmark Bund Rate Price / Yield: |
|
113.48 / 0.022% |
|
101.79 / 0.317% |
|
|
|
|
|
|
|
Spread to Benchmark Bund Rate: |
|
152.9 bps |
|
194.9 bps |
|
|
|
|
|
|
|
Mid Swaps Yield: |
|
0.471% |
|
0.836% |
|
|
|
|
|
|
|
Spread to Mid Swaps: |
|
108 bps |
|
143 bps |
|
|
|
|
|
|
|
Yield to Maturity: |
|
1.551% |
|
2.266% |
|
|
|
|
|
|
|
Coupon: |
|
1.500% |
|
2.250% |
|
|
|
|
|
|
|
Interest Payment Date: |
|
March 16, commencing March 16, 2016 |
|
March 16, commencing March 16, 2016 |
|
|
|
|
|
|
|
Common Code / ISIN: |
|
119681715 / XS1196817156 |
|
119681758 / XS1196817586 |
|
Denominations |
|
€100,000 and integral multiples of €1,000 in excess thereof |
|
|
|
|
|
Governing Law |
|
State of New York |
|
|
|
|
|
Form/Clearing Systems: |
|
Registered form only. Deposited with a common depositary for Clearstream Banking, société anonyme and Euroclear Bank S.A./N.V. |
|
|
|
|
|
Listing: |
|
We intend to apply to list the Notes on the New York Stock Exchange |
|
Optional Redemption: |
|
We may redeem the notes at our option, at any time in whole or from time to time in part, at a redemption price equal to the greater of:
· 100% of the principal amount of the notes to be redeemed; or
· the sum of the present values of the remaining scheduled payments of principal and interest thereon (not including any portion of such payments of interest accrued as of the date of redemption), discounted to the date of redemption on an annual basis (ACTUAL/ACTUAL (ICMA)) at the applicable Comparable Government Bond Rate, plus 20 basis points in the case of the notes due 2022 and plus 30 basis points in the case of the notes due 2027.
In each case, we will pay accrued and unpaid interest on the principal amount being redeemed to the date of redemption. |
|
|
|
|
|
Joint Book-Running Managers: |
|
Barclays Bank PLC Credit Agricole Corporate and Investment Bank |
|
|
|
|
|
Co-Managers: |
|
Banco Bilbao Vizcaya Argentaria, S.A. |
* Note: The ratings of a security are 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 preliminary prospectus supplement and a prospectus) with the U.S. Securities and Exchange Commission (SEC) for the offering to which this communication relates. Before you invest, you should read the preliminary prospectus supplement for this offering, the issuer’s prospectus in that registration statement and any 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 searching the SEC online data base (EDGAR) on the SEC web site at http://www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus supplement and prospectus if you request it by calling Barclays Bank PLC toll-free at (888) 603-5847, Deutsche Bank AG, London toll-free at (800) 503-4611, Société Générale by telephone collect at +44-20-7676-7618 or UBS Limited toll-free at (888) 827-7275.