New Issue: PepsiCo prices $1.75 billion 5% 10-year notes at Treasuries plus 125 bps

By Andrea Heisinger

Omaha, May 19 - PepsiCo, Inc. priced $1.75 billion 5% 10-year senior notes on Monday to yield Treasuries plus 125 basis points, according to an FWP filing with the Securities and Exchange Commission.

The non-callable notes (Aa2/A+) priced at 99.486 to yield 5.066%.

Bookrunners were Merrill Lynch, Pierce, Fenner & Smith Inc., J.P. Morgan Securities Inc. and Morgan Stanley & Co., Inc.

Co-managers were BNY Mellon Capital Markets LLC, Citigroup Global Markets Inc., the Williams Capital Group, LP and UBS Securities LLC.

Proceeds will be used for general corporate purposes, including repayment of outstanding short-term debt.

The food and beverage company is based in Purchase, N.Y.

Issuer:	PepsiCo, Inc.
Issue:	Senior notes
Amount:	$1.75 billion
Maturity:	June 1, 2018
Bookrunners:	Merrill Lynch, Pierce, Fenner & Smith Inc., J.P. Morgan Securities Inc., Morgan Stanley & Co., Inc.
Co-managers:	BNY Mellon Capital Markets LLC, Citigroup Global Markets Inc., the Williams Capital Group, LP, UBS Securities LLC
Coupon:	5%
Price:	99.486
Yield:	5.066%
Spread:	Treasuries plus 125 bps
Call:	Non-callable
Trade date:	May 19
Settlement date:	May 28
Ratings:	Moody's: Aa2
	Standard & Poor's: A+

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