Filed Pursuant to Rule 433
Registration Statement No. 333-186953
March 20, 2013
Final Term Sheet
$600,000,000 1.300% Notes due 2018
$400,000,000 4.100% Notes due 2043
| Issuer: |
Stryker Corporation | |||
| 2018 Notes |
2043 Notes | |||
| Security Type: | 1.300% Notes due 2018 | 4.100% Notes due 2043 | ||
| Size: | $600,000,000 | $400,000,000 | ||
| Maturity Date: | April 1, 2018 | April 1, 2043 | ||
| Interest Payment Dates: | Each April 1 and October 1, commencing October 1, 2013 |
Each April 1 and October 1, commencing October 1, 2013 | ||
| Coupon (Interest Rate): | 1.300% | 4.100% | ||
| Price to Public: | 99.565% | 98.588% | ||
| Benchmark Treasury: | 0.75% due February 28, 2018 | 2.75% due November 15, 2042 | ||
| Spread to Benchmark | ||||
| Treasury: | T+60 bps | T+100 bps | ||
| Benchmark Treasury | ||||
| Yield: | 0.790% | 3.183% | ||
| Yield to Maturity: | 1.390% | 4.183% | ||
| Redemption: | ||||
| Make-Whole Call: | T+10 bps | T+15 bps | ||
| Par Call: | not applicable | Beginning six months prior to maturity | ||
| CUSIP / ISIN: | 863667 AD3 US8636677AD34 |
863667 AE1 US863667AE17 | ||
| (Moody’s / S&P)*: | A3/A+ (stable/stable) | |||
| Trade Date: | March 20, 2013 | |
| Settlement Date: | March 25, 2013 (T+3) | |
| Joint Book-Running | ||
| Managers: | Barclays Capital Inc. | |
| Goldman, Sachs & Co. | ||
| Merrill Lynch, Pierce, Fenner & Smith | ||
| Incorporated | ||
| Senior Co-Managers: | BNP Paribas Securities Corp. | |
| Citigroup Global Markets Inc. | ||
| J.P. Morgan Securities LLC | ||
| Morgan Stanley & Co. LLC | ||
| Wells Fargo Securities, LLC | ||
| Co-Managers: | Mitsubishi UFJ Securities (USA), Inc. | |
| HSBC Securities (USA) Inc. | ||
| RBS Securities Inc. | ||
| U.S. Bancorp Investments, Inc. | ||
| Mizuho Securities USA Inc. | ||
| The Williams Capital Group, L.P. | ||
| PNC Capital Markets LLC | ||
| * | 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 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 or e-mailing Barclays Capital Inc. at 1-888-603-5847 or barclaysprospectus@broadridge.com, Goldman, Sachs & Co. at 1-866-471-2526 or prospectus-ny@ny.email.gs.com, or Merrill Lynch, Pierce, Fenner & Smith Incorporated at 1-800-294-1322 or Dg.prospectus_requests@baml.com.