{"id":43802,"date":"2015-09-17T11:25:58","date_gmt":"2015-09-17T16:25:58","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-legal\/contracts\/uncategorized\/final-term-sheet-sale-of-notes-colgate-palmolive-co.html"},"modified":"2015-09-17T11:25:58","modified_gmt":"2015-09-17T16:25:58","slug":"final-term-sheet-sale-of-notes-colgate-palmolive-co","status":"publish","type":"corporate_contracts","link":"https:\/\/corporate.findlaw.com\/contracts\/securities\/final-term-sheet-sale-of-notes-colgate-palmolive-co.html","title":{"rendered":"Final Term Sheet – Sale of Notes – Colgate-Palmolive Co."},"content":{"rendered":"

Colgate-Palmolive Company<\/strong><\/p>\n

Medium-Term Notes – Fixed Rate<\/p>\n

Series F<\/p>\n

FINAL TERM SHEET<\/p>\n

We are hereby offering to sell Notes having the terms specified below to you
\nwith the assistance of the agents listed below, each acting as principal
\n(collectively, the “Agents”) for whom Banc of America Securities LLC, Citigroup
\nGlobal Markets Inc., Goldman, Sachs & Co. and RBS Securities Inc. are acting
\nas joint book-running managers, at a fixed initial public offering price of
\n99.248% of the principal amount.<\/p>\n\n\n\n
\n

Principal Amount: $188,000,000
\nIssue Price: 99.248%
\nInterest Rate: 1.375%
\nStated Maturity Date: November 1, 2015
\nCUSIP Number: 19416QDQ0<\/p>\n<\/td>\n

\n

Trade Date: October 29, 2010
\nOriginal Issue Date: November 3, 2010
\nNet Proceeds to Colgate: $185,928,240
\nAgents153 Discount or Commission: $658,000<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Interest Payment Dates: May 1 and November 1 of each year, commencing on May
\n1, 2011<\/p>\n\n\n\n
\n

Redemption:<\/p>\n<\/td>\n

\n

The Notes may be redeemed at the option of Colgate prior to the stated
\nmaturity date. See “Other Provisions : Optional Redemption” below.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>\n\n\n\n
\n

Optional Repayment:<\/p>\n<\/td>\n

\n

N\/A<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Currency:<\/p>\n\n\n\n
<\/td>\n\n

Specified Currency:<\/p>\n<\/td>\n

\n

US Dollars<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Minimum Denomination: $1,000<\/p>\n\n\n\n
\n

Original Issue Discount: [ ] [ X ] No<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Total amount of OID:<\/p>\n

Yield to Maturity:<\/p>\n

Initial Accrual Period:<\/p>\n\n\n\n\n\n
\n

Form:<\/p>\n<\/td>\n

\n

[ X ]<\/p>\n<\/td>\n

\n

Book-entry<\/p>\n<\/td>\n

\n

[<\/p>\n<\/td>\n

\n

]<\/p>\n<\/td>\n

\n

Certificated<\/p>\n<\/td>\n<\/tr>\n

\n

[ X]<\/p>\n<\/td>\n

\n

Other Provisions:<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>\n\n\n\n
<\/td>\n\n

Optional Redemption:<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>\n

\n

The notes may be redeemed at our option, at any time in whole or from time to
\ntime in part. The redemption price for the notes to be redeemed on any
\nredemption date will be equal to the greater of the following amounts:<\/p>\n\n\n\n
<\/td>\n\n

<\/strong><\/p>\n<\/td>\n

\n

100% of the principal amount of the notes being redeemed on the redemption
\ndate; or<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>\n\n\n\n
<\/td>\n\n

<\/strong><\/p>\n<\/td>\n

\n

the sum of the present values of the remaining scheduled payments of
\nprincipal and interest on the notes being redeemed on that redemption date (not
\nincluding any portion of any payments of interest accrued to the redemption
\ndate) discounted to the redemption date on a semiannual basis at the Treasury
\nRate (as defined below), as determined by the Reference Treasury Dealer (as
\ndefined below), plus 5 basis points;<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

plus, in each case, accrued and unpaid interest on the notes to the
\nredemption date.<\/p>\n

Notwithstanding the foregoing, installments of interest on the notes that are
\ndue and payable on interest payment dates falling on or prior to a redemption
\ndate will be payable on the interest payment date to the registered holders as
\nof the close of business on the relevant record date according to the notes and
\nthe indenture. The redemption price will be calculated on the basis of a 360-day
\nyear consisting of twelve 30-day months.<\/p>\n

We will mail notice of any redemption at least 30 days but not more than 60
\ndays before the redemption date to each registered holder of the notes to be
\nredeemed. Once notice of redemption is mailed, the notes called for redemption
\nwill become due and payable on the redemption date and at the applicable
\nredemption price, plus accrued and unpaid interest to the redemption date.<\/p>\n

“Treasury Rate” means, with respect to any redemption date, the rate per
\nannum equal to the semiannual equivalent yield to maturity of the Comparable
\nTreasury Issue, assuming a price for the Comparable Treasury Issue (expressed as
\na percentage of its principal amount) equal to the Comparable Treasury Price for
\nsuch redemption date.<\/p>\n

“Comparable Treasury Issue” means the United States Treasury security
\nselected by the Reference Treasury Dealer as having a maturity comparable to the
\nremaining term of the notes to be redeemed that would be utilized, at the time
\nof selection and in accordance with customary financial practice, in pricing new
\nissues of corporate debt securities of comparable maturity to the remaining term
\nof the notes.<\/p>\n

“Comparable Treasury Price” means, with respect to any redemption date, (A)
\nthe average of the Reference Treasury Dealer Quotations for such redemption
\ndate, after excluding the highest and lowest such Reference Treasury Dealer
\nQuotations, or (B) if the trustee obtains fewer than three such Reference
\nTreasury Dealer Quotations, the average of all such Quotations, or (C) if only
\none Reference Treasury Dealer Quotation is received, such Quotation.<\/p>\n

“Reference Treasury Dealer” means Banc of America Securities LLC, Citigroup
\nGlobal Markets Inc., Goldman, Sachs & Co. and RBS Securities Inc. (or their
\nrespective affiliates which are Primary Treasury Dealers), and their respective
\nsuccessors; provided, however, that if any of the foregoing shall cease to be a
\nprimary U.S. Government securities dealer in New York City (a “Primary Treasury
\nDealer”), we will substitute therefor another Primary Treasury Dealer.<\/p>\n

“Reference Treasury Dealer Quotation” means, with respect to each Reference
\nTreasury Dealer and any redemption date, the average, as determined by the
\ntrustee, of the bid and asked prices for the Comparable Treasury Issue
\n(expressed in each case as a percentage of its principal amount) quoted in<\/p>\n

2<\/p>\n<\/p>\n

\n

writing to the trustee by such Reference Treasury Dealer at 5:00 p.m. (New
\nYork City time) on the third business day preceding such redemption date.<\/p>\n

On and after the redemption date, interest will cease to accrue on the notes
\nor any portion of the notes called for redemption (unless we default in the
\npayment of the redemption price and accrued interest). On or before the
\nredemption date, we will deposit with a paying agent or the trustee money
\nsufficient to pay the redemption price of and accrued interest on the notes to
\nbe redeemed on that date. If less than all of the securities of any series are
\nto be redeemed, the securities to be redeemed shall be selected by the trustee
\nby a method the trustee deems to be fair and appropriate. The notes will not be
\nentitled to the benefit of any mandatory redemption or sinking fund.<\/p>\n

The Agents have severally and not jointly agreed to purchase from us, and we
\nhave agreed to sell to the Agents, the principal amount of Notes set forth
\nopposite their respective names below.<\/p>\n\n\n\n\n\n\n\n\n\n
\n

Agents<\/p>\n<\/td>\n

\n

Principal Amount of Notes<\/p>\n<\/td>\n<\/tr>\n

\n

Banc of America Securities LLC<\/p>\n<\/td>\n

\n

$37,600,000<\/p>\n<\/td>\n<\/tr>\n

\n

Citigroup Global Markets Inc.<\/p>\n<\/td>\n

\n

37,600,000<\/p>\n<\/td>\n<\/tr>\n

\n

Goldman, Sachs & Co.<\/p>\n<\/td>\n

\n

37,600,000<\/p>\n<\/td>\n<\/tr>\n

\n

RBS Securities Inc.<\/p>\n<\/td>\n

\n

37,600,000<\/p>\n<\/td>\n<\/tr>\n

\n

Credit Suisse Securities (USA) LLC<\/p>\n<\/td>\n

\n

37,600,000<\/p>\n<\/td>\n<\/tr>\n

\n

Total<\/p>\n<\/td>\n

\n

$188,000,000<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>\n\n\n\n
\n

Use of Proceeds<\/u>:<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

The net proceeds from the sale of the Notes will be used by Colgate to retire
\ncommercial paper which was issued by Colgate for general corporate purposes. As
\nof October 28, 2010, Colgate153s outstanding commercial paper had a weighted
\naverage interest rate of 0.19% with maturities ranging from 1 day to 26 days.\n<\/p>\n

Legal Matters<\/u>:<\/p>\n

Sidley Austin LLP, New York, New York has acted as counsel for Colgate. Mayer
\nBrown LLP has acted as counsel for the Agents.<\/p>\n

The Issuer has filed a registration statement (including a
\nprospectus) with the SEC for the offering to which this communication relates.
\nBefore you invest, you should read the prospectus in that registration statement
\nand other documents the Issuer has filed with the SEC for more complete
\ninformation about the Issuer and this offering. You may get these documents for
\nfree by visiting EDGAR on the SEC Website at www.sec.gov<\/u>. <\/strong><\/p>\n

Alternatively, you may request a copy of the prospectus by calling
\nBanc of America Securities LLC, toll free at (800) 294-1322; Citigroup Global
\nMarkets Inc., toll free at (877) 858-5407; Goldman, Sachs & Co., toll free
\nat (866) 471-2576; or RBS Securities Inc., toll free at (866) 884-2071.
\n<\/strong><\/p>\n

ANY DISCLAIMERS OR OTHER NOTICES THAT MAY APPEAR BELOW ARE NOT
\nAPPLICABLE TO THIS COMMUNICATION AND SHOULD BE DISREGARDED. SUCH DISCLAIMERS OR
\nOTHER NOTICES WERE AUTOMATICALLY GENERATED AS A RESULT OF THIS COMMUNICATION
\nBEING SENT VIA BLOOMBERG OR ANOTHER EMAIL SYSTEM.<\/strong><\/p>\n

3<\/p>\n<\/p>\n

<\/p>\n","protected":false},"template":"","meta":{"_acf_changed":false,"_stopmodifiedupdate":true,"_modified_date":"","_cloudinary_featured_overwrite":false},"corporate_contracts_companies":[7145],"corporate_contracts_industries":[9395],"corporate_contracts_types":[9629],"class_list":["post-43802","corporate_contracts","type-corporate_contracts","status-publish","hentry","corporate_contracts_companies-colgate-palmolive-co","corporate_contracts_industries-consumer__cleaning","corporate_contracts_types-securities"],"acf":[],"_links":{"self":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts\/43802","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts"}],"about":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/types\/corporate_contracts"}],"wp:attachment":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/media?parent=43802"}],"wp:term":[{"taxonomy":"corporate_contracts_companies","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_companies?post=43802"},{"taxonomy":"corporate_contracts_industries","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_industries?post=43802"},{"taxonomy":"corporate_contracts_types","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_types?post=43802"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}