Issuer: |
Hess Corporation (Bloomberg Ticker: HES) | |||
Ratings: |
Baa2 (Moodys) / BBB (S&P/Fitch) | |||
Securities: |
$1,250,000,000 5.60% Notes due 2041 | |||
Format: |
SEC registered (global) | |||
CUSIP / ISIN No.: |
42809HAD9 / US42809HAD98 | |||
Trade Date: |
August 5, 2010 | |||
Expected Settlement: |
August 10, 2010 (T+3) | |||
Maturity: |
February 15, 2041 | |||
Price To Public: |
99.304% of principal amount | |||
Purchase Price To Underwriters: |
98.429% of principal amount | |||
Coupon: |
5.60% per year (payable semi-annually) | |||
Interest Payment Dates: |
February 15 and August 15, beginning February 15, 2011 | |||
Benchmark Treasury: |
4.625% notes due February 15, 2040 | |||
Benchmark Treasury Yield: |
4.048% | |||
Spread: |
+160 basis points over Benchmark Treasury | |||
Yield: |
5.648% | |||
Make Whole Call At Any Time: |
The greater of 100% of principal amount or discounted present value at Adjusted Treasury Rate +25 bps | |||
Denominations: |
$2,000 and multiples of $1,000 in excess of $2,000 | |||
Joint Bookrunners: |
Goldman, Sachs & Co. | |||
J.P. Morgan Securities Inc. | ||||
Morgan Stanley & Co. Incorporated | ||||
Deutsche Bank Securities Inc. | ||||
RBS Securities Inc. |