Issuer Free Writing Prospectus

Filed Pursuant to Rule 433

Registration No. 333-124581

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High Yield Capital Markets

 

Westlake Chemical Corporation

SUMMARY OF TERMS

 

 

 

 

                
Issuer:         Westlake Chemical Corporation     
Issue:         Senior Unsecured Notes     
Distribution:         Registered     
Ratings:         Ba2/BB+     
Principal Amount Offered:         $250,000,000     
Gross Proceeds:         $249,185,000     
Net Proceeds         $246,060,000     
   
Coupon:         6.625%     
Offer Price:         99.674     
Yield:         6.670%     
Spread:         +225bps over the 4.5 % UST due 1/15/15 (4.42%)     
   
Maturity:         1/15/2016     
Interest Payment Dates:         1/15 and 7/15, commencing 7/15/06     
   
Trade Date:         1/10/2006     
Settlement Date: (T + 3)         1/13/2006     
   
Equity Clawback:         Until 1/15/09 at 106.625% for up to 35%     
   
Call Feature:         Callable, after the dates and at the prices, as set forth below:     
          1/15/2011    103.313
          1/15/2012    102.208
          1/15/2013    101.104
          1/15/2014 and on    100.000
   
CUSIP:         960413AE2     
ISIN #:         US960413AE26     
   
Managers:         DB/BofA/JPM, CSFB     
Splits:         55%/30%/7.5%/7.5%     
Gross Fee         1.250%     
                

 

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 contacting Patricia McGowan at Deutsche Bank Securities Inc. at (212) 250-2500.