Filed Pursuant to Rule 433
Registration No. 333-208681
Free Writing Prospectus Dated January 11, 2016
EOG Resources, Inc.
Pricing Term Sheet
$750,000,000 4.15% Senior Notes due 2026
$250,000,000 5.10% Senior Notes due 2036
| Issuer: |
EOG Resources, Inc. | |||
| Ratings*: |
Moody’s: A3 (negative watch) S&P: A- (stable outlook) |
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| Trade Date: |
January 11, 2016 | |||
| Settlement Date: |
January 14, 2016 (T+3) | |||
| Interest Payment Dates: |
January 15 and July 15, commencing on July 15, 2016 | |||
| Senior Notes due 2026 | Senior Notes due 2036 | |||
| Principal Amount: |
$750,000,000 | $250,000,000 | ||
| Maturity Date: |
January 15, 2026 | January 15, 2036 | ||
| Coupon: |
4.15% | 5.10% | ||
| Benchmark Treasury: |
2.250% due November 15, 2025 | 2.875% due August 15, 2045 | ||
| Benchmark Treasury Yield: |
2.168% | 2.974% | ||
| Spread to Benchmark Treasury: |
+200 basis points | +215 basis points | ||
| Yield to Maturity: |
4.168% | 5.124% | ||
| Price to Public: |
99.854% of Principal Amount | 99.702% of Principal Amount | ||
| Optional Redemption: |
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| Make-whole Call: |
At any time prior to October 15, 2025, at the greater of (i) 100% or (ii) a discount rate of Treasury plus 30 basis points | At any time prior to July 15, 2035, at the greater of (i) 100% or (ii) a discount rate of Treasury plus 35 basis points | ||
| Par Call: |
At any time on or after October 15, 2025 | At any time on or after July 15, 2035 | ||
| CUSIP/ISIN: |
26875PAP6 / US26875PAP62 | 26875PAQ4 / US26875PAQ46 | ||
| Joint Book-Running Managers: |
Barclays Capital Inc. Citigroup Global Markets Inc. J.P. Morgan Securities LLC Wells Fargo Securities, LLC CIBC World Markets Corp. Goldman, Sachs & Co. Mitsubishi UFJ Securities (USA), Inc. RBC Capital Markets, LLC Scotia Capital (USA) Inc. SG Americas Securities, LLC | |||
| Co-Managers: |
BNP Paribas Securities Corp. UBS Securities LLC U.S. Bancorp Investments, Inc. BB&T Capital Markets, a division of BB&T Securities, LLC BMO Capital Markets Corp. Merrill Lynch, Pierce, Fenner & Smith Incorporated Comerica Securities, Inc. DNB Markets, Inc. PNC Capital Markets LLC | |||
| * | Note: A securities rating is not a recommendation to buy, sell or hold securities and may be revised or withdrawn at any time.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 any 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 Barclays Capital Inc. at (888) 603-5847, Citigroup Global Markets Inc. at (800) 831-9146, J.P. Morgan Securities LLC at (212) 834-4533 or Wells Fargo Securities, LLC at (800) 645-3751.