Free Writing Prospectus Filed Pursuant to Rule 433
Registration No. 333-181339
Supplementing the Preliminary Prospectus Supplement dated
March 5, 2015 (To Prospectus dated May 11, 2012)
€500,000,000
0.625% Notes due 2020
Pricing Term Sheet
March 5, 2015
| Issuer: | Whirlpool Corporation | |
| Ratings*: | Moody’s: Baa2 (positive outlook) Standard & Poor’s: BBB (stable outlook) Fitch: BBB (stable outlook) | |
| Rank: | Senior, Unsecured | |
| Principal Amount: | €500,000,000 | |
| Offering Format: | SEC Registered | |
| Maturity Date: | March 12, 2020 | |
| Coupon (Interest Rate): | 0.625% | |
| Listing: | Whirlpool Corporation intends to list the notes on the New York Stock Exchange under the symbol “WHR 20” | |
| Price to Public: | 99.574% | |
| Yield to Maturity: | 0.712% | |
| Spread to Benchmark Bund: | +74 bps | |
| Benchmark Bund: | OBL 0.00% due April 17, 2020 | |
| Benchmark Bund Price and Yield: | 100.145;-0.028% | |
| Spread to Mid Swaps: | +40 bps | |
| Mid Swaps Yield: | 0.312% | |
| Interest Payment Date: | Annually on March 12, commencing March 12, 2016 | |
| Day Count Convention: | ACTUAL/ACTUAL (ICMA) | |
| Make-Whole Call: | At any time at a discount rate of Comparable Government Bond Rate plus 12 basis points | |
| Trade Date: | March 5, 2015 | |
| Settlement Date: | March 12, 2015 (T+5) | |
| Change of Control Offer to | ||
| Purchase: | If Whirlpool experiences a Change of Control Repurchase Event, it will be required, unless it has exercised the right to redeem the notes, to offer to repurchase the notes at a purchase price equal to 101% of their principal amount, plus accrued and unpaid interest to the repurchase date. | |
| Denominations: | €100,000 and integral multiples of €1,000 in excess thereof | |
| ISIN/Common Code/ CUSIP: | XS1200845003 / 120084500 / 963320 AU0 | |
| Joint Book-Running | ||
| Managers: | BNP Paribas HSBC Bank plc ING Bank N.V. The Royal Bank of Scotland plc |
* 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 BNP Paribas, toll free at 1-800-854-5674, HSBC Bank plc toll free at 1-866-811-8049, ING Bank N.V. at +32 2 557 1604 or The Royal Bank of Scotland plc at +44 20 7085 4154.