Filed Pursuant to Rule 433
Registration Statement No. 333-180023
HUMANA INC.
3.150% Senior Notes due 2022
4.625% Senior Notes due 2042
December 5, 2012
Pricing Term Sheet
Issuer: | Humana Inc. | |
Ratings*: | Baa3 (Moodys) / BBB (S&P) / BBB (Fitch) | |
Trade Date: | December 5, 2012 | |
Settlement Date: | (T+3) December 10, 2012 | |
Joint Book-Running Managers: | Goldman, Sachs & Co. Merrill Lynch, Pierce, Fenner & Smith Incorporated | |
Morgan Stanley & Co. LLC | ||
J.P. Morgan Securities LLC | ||
Wells Fargo Securities, LLC | ||
U.S. Bancorp Investments, Inc. | ||
Co-Managers: | BB&T Capital Markets, a division of Scott & Stringfellow, LLC BNY Mellon Capital Markets, LLC Citigroup Global Markets Inc. Credit Suisse Securities (USA) LLC Fifth Third Securities, Inc. PNC Capital Markets LLC UMB Financial Services, Inc. |
Ten-Year Notes
Security Description: | Senior Notes due 2022 | |
Size: | $600,000,000 | |
Coupon: | 3.150% | |
Maturity: | December 1, 2022 | |
Price to Public: | 99.610% | |
Benchmark: | 1.625% UST due November 15, 2022 | |
Benchmark Price and Yield: | 100-8+; 1.596% | |
Spread to Treasury: | 160 bps | |
Yield to Maturity: | 3.196% | |
Interest Payment Dates: | June 1 and December 1, commencing June 1, 2013 | |
Record Dates: | May 15 and November 15 | |
Optional Redemption: | Make-whole call @T+25 bps | |
Par Call: | Commencing on September 1, 2022 at par plus accrued and unpaid interest | |
CUSIP/ISIN: | 444859 BA9/US444859BA90 |
Thirty-Year Notes
Security Description: | Senior Notes due 2042 | |
Size: | $400,000,000 | |
Coupon: | 4.625% | |
Maturity: | December 1, 2042 | |
Price to Public: | 99.937% | |
Benchmark: | 2.750% UST due August 15, 2042 | |
Benchmark Price and Yield: | 99-13; 2.779% | |
Spread to Treasury: | 185 bps | |
Yield to Maturity: | 4.629% | |
Interest Payment Dates: | June 1 and December 1, commencing June 1, 2013 | |
Record Dates: | May 15 and November 15 | |
Optional Redemption: | Make-whole call @T+30 bps | |
Par Call: | Commencing on June 1, 2042 at par plus accrued and unpaid interest | |
CUSIP/ISIN: | 444859 BB7/US444859BB73 |
*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, the preliminary prospectus supplement thereto relating to the Senior Notes 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 and the preliminary prospectus supplement thereto relating to the Senior Notes if you request it by calling Goldman, Sachs & Co. toll-free at 1-866-471-2526, Merrill Lynch, Pierce, Fenner & Smith Incorporated toll-free at 1-800-294-1322 or Morgan Stanley & Co. LLC toll-free at 1-866-718-1649.
Any disclaimer or other notice that may appear below is not applicable to this communication and should be disregarded. Such disclaimer or notice was automatically generated as a result of this communication being sent by Bloomberg or another email system.
2