Filed Pursuant to Rule 433
Registration Statement No. 333-209122
Registration Statement No. 333-209122-01
Pricing Term Sheet
BERKSHIRE HATHAWAY FINANCE CORPORATION
Pricing Term Sheet
$950,000,000 Floating Rate Senior Notes due 2019
$350,000,000 Floating Rate Senior Notes due 2020
| Issuer: | Berkshire Hathaway Finance Corporation | |
| Offering Format: | SEC Registered | |
| Guarantor: | Berkshire Hathaway Inc. | |
| Trade Date: | January 5, 2017 | |
| Settlement Date: | January 12, 2017 (T+5) | |
| Expected Ratings*: | Aa2 by Moody’s Investors Service, Inc. AA by Standard & Poor’s Ratings Services |
Floating Rate Senior Notes due 2019
| Principal Amount: | $950,000,000 | |
| Maturity Date: | January 11, 2019 | |
| Issue Price (Price to Public): | 100.00% of principal amount | |
| Gross Spread: | 15 bps | |
| Proceeds to Issuer: | $948,575,000 | |
| Interest Rate Index: | Three-Month LIBOR (Reuters Page LIBOR01) | |
| Spread to Index: | +25 bps | |
| Day Count Convention: | Actual/360 | |
| Interest Payment and Reset Dates: | Each January 11, April 11, July 11 and October 11, commencing April 11, 2017 | |
| Interest Determination Dates: | Quarterly, on second London business day prior to applicable Interest Payment Date | |
| Optional Redemption: | None | |
| Minimum Denomination: | $2,000 and integral multiples of $1,000 in excess thereof | |
| CUSIP: | 084664 CP4 | |
| ISIN: | US084664CP42 |
Floating Rate Senior Notes due 2020
| Principal Amount: | $350,000,000 | |
| Maturity Date: | January 10, 2020 | |
| Issue Price (Price to Public): | 100.00% of principal amount | |
| Gross Spread: | 20 bps | |
| Proceeds to Issuer: | $349,300,000 | |
| Interest Rate Index: | Three-Month LIBOR (Reuters Page LIBOR01) | |
| Spread to Index: | +32 bps | |
| Day Count Convention: | Actual/360 | |
| Interest Payment and Reset Dates: | Each January 10, April 10, July 10 and October 10, commencing April 10, 2017 | |
| Interest Determination Dates: | Quarterly, on second London business day prior to applicable Interest Payment Date |
| Optional Redemption: | None | |
| Minimum Denomination: | $2,000 and integral multiples of $1,000 in excess thereof | |
| CUSIP: | 084664 CN9 | |
| ISIN: | US084664CN93 |
Other Information
| Joint Book-Running Managers: | Goldman, Sachs & Co. J.P. Morgan Securities LLC Merrill Lynch, Pierce, Fenner & Smith Incorporated Wells Fargo Securities, LLC |
*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
Settlement Period: The closing will occur on January 12, 2017, which will be more than three U.S. business days after the date of this pricing term sheet. Rule 15c6-1 under the Securities Exchange Act of 1934 generally requires that securities trades in the secondary market settle in three business days, unless the parties to a trade expressly agree otherwise.
Each of the issuer and the guarantor 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 and the guarantor have filed with the SEC for more complete information about the issuer, the guarantor 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 Goldman, Sachs & Co. toll-free at (866) 471-2526, J.P. Morgan Securities LLC collect at 212-834-4533, Merrill Lynch, Pierce, Fenner & Smith Incorporated toll-free at (800) 294-1322 or Wells Fargo Securities, LLC toll-free at (800) 645-3751.
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