fwp
Filed Pursuant to Rule 433
Registration No. 333-151206
Pricing Term Sheet
November 8, 2010
HUBBELL INCORPORATED
$300,000,000 3.625% Senior Notes due 2022
|
|
|
|
|
Issuer: |
|
Hubbell Incorporated |
Title of Securities: |
|
3.625% Senior Notes due 2022 |
Principal Amount: |
|
$300,000,000 |
Maturity: |
|
November 15, 2022 |
Coupon (Interest Rate): |
|
3.625% |
Issue Price (Price to Public): |
|
99.174% of principal amount |
Benchmark Treasury: |
|
2.625%; August 15, 2020 |
Spread to Benchmark Treasury: |
|
+115 bps |
Benchmark Treasury Price and Yield: |
|
|
Coupon (Interest Rate): |
|
100-17; 2.561% |
Yield to Maturity: |
|
3.711% |
Make-Whole Provision: |
|
Treasury + 20 bps |
Interest Payment Dates: |
|
May 15 and November 15,
commencing May 15, 2011 |
Redemption Provisions: |
|
No mandatory redemption provisions. |
|
|
The notes will be redeemable, in whole |
|
|
or in part, at the Issuers option |
|
|
solely on the basis of a make-whole |
|
|
call at Treasury + 20 bps during the |
|
|
period from the original issuance date |
|
|
through the maturity date of the |
|
|
notes. Notwithstanding the |
|
|
Preliminary Prospectus Supplement |
|
|
dated November 8, 2010, the notes will |
|
|
not be redeemable on the basis of a |
|
|
call at par during the three months |
|
|
prior to the maturity date. |
Change of Control Offer: |
|
As described in the Preliminary |
|
|
Prospectus Supplement, dated
November 8, 2010 |
Legal Format: |
|
SEC-registered |
Trade Date: |
|
November 8, 2010 |
Settlement Date: |
|
T+6; November 17, 2010 |
Joint Book-Running Managers: |
|
J.P. Morgan Securities LLC |
|
|
Wells Fargo Securities, LLC |
Co-Managers: |
|
Merrill Lynch, Pierce, Fenner & Smith |
|
|
Incorporated |
|
|
BNY Mellon Capital Markets, LLC |
|
|
HSBC Securities (USA) Inc. |
|
|
Morgan Stanley & Co. Incorporated |
|
|
U.S. Bancorp Investments, Inc. |
CUSIP: |
|
443510AF9 |
ISIN: |
|
US443510AF99 |
Ratings:* |
|
A3 (Moodys) |
|
|
A (S&P) |
|
|
A (Fitch) |
*A securities rating is not a recommendation to buy, sell or hold securities
and may be subject to revision or withdrawal at any time.
We expect that delivery of the notes will be made to investors against payment therefor on or about
the date set forth on the cover page of this prospectus supplement, which will be the sixth
business day following the date of this prospectus supplement (such settlement being referred to as
T+6). Under Rule 15c6-1 under the Exchange Act, trades in the secondary market are required to
settle in three business days, unless the parties to any such trade expressly agree otherwise.
Accordingly, purchasers who wish to trade notes on the date of pricing or the next succeeding
business day will be required, by virtue of the fact that the notes initially will settle in T+6,
to specify an alternate settlement arrangement at the time of any such trade to prevent a failed
settlement. Purchasers of the notes who wish to trade the notes on the date of pricing or the next
succeeding business day should consult their own advisors.
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 LLC collect at 1-212-834-4533 and
Wells Fargo Securities, LLC toll-free at 1-800-326-5897.