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Filed pursuant to Rule 433 |
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Registration No. 333-125343 |
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August 10, 2006 |
Canadian Natural Resources Limited
Pricing Term Sheet
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Issuer: |
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Canadian Natural Resources Limited |
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Ratings: |
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Baa1/BBB+/BBB (high) (stable trend/negative outlook/stable trend) |
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Security Type: |
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SEC Registered |
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10yr |
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30yr |
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Size: |
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$250mm |
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$450mm |
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Maturity: |
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8/15/16 |
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2/15/37 |
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Coupon: |
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6.00 |
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6.50 |
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Price: |
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99.785 |
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99.344 |
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Yield: |
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6.029 |
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6.55 |
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Spread: |
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+108 |
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+143 |
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TSY: |
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UST 5.125 5/16 |
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UST 5.375 2/31 |
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TSY Spot: |
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101-11 |
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103-17 |
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Settlement Date: |
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8/17/06 |
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8/17/06 |
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Pay Dates |
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2/15 & 8/15 commencing 2/15/07 |
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M-W: |
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T+20 |
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T+25 |
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Bookrunners: |
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JPM/C |
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Co-Mgrs: |
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RBC/CIBC/Scotia Capital/BMO/BAS/BNP/DB/Lazard/Daiwa |
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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 J.P.Morgan Securities Inc. collect at 1-212-834-4533 or Citigroup Global Markets Inc. toll free at 1-877-858-5407.