Filed pursuant to Rule 433
Registration No. 333-190491
Issuer Free Writing Prospectus dated February 25, 2015
Relating to Preliminary Prospectus Supplement dated February 25, 2015
Pricing Term Sheet for 4.350% Senior Notes due 2025
| Issuer: | Juniper Networks, Inc. | |
| Principal Amount: | $300,000,000 | |
| Maturity Date: | June 15, 2025 | |
| Coupon: | 4.350% | |
| Public Offering Price: | 99.883% | |
| Yield to Maturity: | 4.365% | |
| Spread to Benchmark Treasury: | +240 basis points | |
| Benchmark Treasury: | 2.000% due February 15, 2025 | |
| Benchmark Treasury Price / Yield: | 100-10 / 1.965% | |
| Interest Payment Dates: | June 15 and December 15, beginning June 15, 2015 (short first coupon) | |
| Optional Redemption: | Make-whole call at any time before March 15, 2025 (three months before the Maturity Date) at the greater of 100% of the principal amount of the notes being redeemed or discounted present value at the treasury rate plus 37.5 basis points. Par call any time on or after March 15, 2025 (three months prior to the Maturity Date) at 100% of the principal amount of the notes being redeemed. | |
| Distribution Method: | SEC Registered | |
| Trade Date: | February 25, 2015 | |
| Settlement Date: | T+5, March 4, 2015 | |
| Denominations: | $2,000 and multiples of $1,000 in excess thereof | |
| CUSIP/ISIN: | 48203R AJ3 / US48203RAJ32 | |
| Expected Ratings (Moody’s/S&P)*: | Baa2 / BBB | |
| Joint Book-Running Managers: | Barclays Capital Inc. Citigroup Global Markets Inc. Merrill Lynch, Pierce, Fenner & Smith Incorporated BNP Paribas Securities Corp. Goldman, Sachs & Co. J.P. Morgan Securities LLC Morgan Stanley & Co. LLC Wells Fargo Securities, LLC |
* 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) and a prospectus supplement with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement, the prospectus supplement 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 website at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus and prospectus supplement if you request it by (i) calling Barclays Capital Inc. toll-free at 1-888-603-5847, (ii) calling Citigroup Global Markets Inc. toll-free at 1-800-831-9146 or (iii) calling Merrill Lynch, Pierce, Fenner & Smith Incorporated toll-free at 1-800-294-1322.
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