FWP
Final Term Sheet
Filed pursuant to Rule 433
Dated August 10, 2009
Relating to
Prospectus Supplement dated August 10, 2009 to
Registration Statement No. 333-139328
(PRAXAIR LOGO)
$600,000,000 4.500% Notes due 2019
         
Issuer:
   Praxair, Inc.
 
        
Principal Amount:
   $600,000,000  
 
        
CUSIP:
   74005PAU8  
 
        
Title of Securities:
   4.500% Notes due 2019
 
        
Trade Date:
   August 10, 2009
 
        
Original Issue Date (Settlement Date):
   August 13, 2009
 
        
Maturity Date:
   August 15, 2019
 
        
Benchmark Treasury:
   3.125% due May 15, 2019
 
        
Benchmark Treasury Price and Yield:
   94-21+ and 3.782%
 
        
Spread to Benchmark Treasury:
   78 basis points
 
        
Yield to Maturity:
   4.562%
 
        
Interest Rate:
   4.500% per annum
 
        
Public Offering Price (Issue Price):
   99.506% of the Principal Amount thereof
 
        
Interest Payment Dates:
   Semi-annually in arrears on each
 
   February 15 and August 15, commencing
 
   February 15, 2010
 
        
Redemption Provision:
   Make-whole call at the Adjusted
 
   Treasury Rate plus 15 basis points
 
        
Joint Bookrunners:
   Banc of America Securities LLC, Credit
 
   Suisse Securities (USA) LLC and HSBC
 
   Securities (USA) Inc.
 
        
Co-Managers:
   Citigroup Global Markets Inc.,
 
   Deutsche Bank Securities Inc.,
 
   Mitsubishi UFJ Securities (USA), Inc.,
 
   RBS Securities Inc., Santander
 
   Investment Securities Inc.
     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 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 if you request it by calling (i) Banc of America Securities LLC toll free at 1-800-294-1322, (ii) Credit Suisse Securities (USA) LLC toll free at 1-800-221-1037 or (iii) HSBC Securities (USA) Inc. toll free at 1-866-811-8049.
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