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Final Term Sheet
Filed pursuant to Rule 433
Dated August 27, 2009

Relating to
Prospectus Supplement dated August 27, 2009 to
Registration Statement No. 333-139328
(PRAXAIR)
$400,000,000 3.250% Notes due 2015
     
Issuer:
   Praxair, Inc.
 
    
Principal Amount:
   $400,000,000
 
    
CUSIP:
   74005P AV6
 
    
Title of Securities:
   3.250% Notes due 2015
 
    
Trade Date:
   August 27, 2009
 
    
Original Issue Date (Settlement Date):
   September 1, 2009
 
    
Maturity Date:
   September 15, 2015
 
    
Benchmark Treasury:
   2.625% due July 31, 2014
 
    
Benchmark Treasury Price and Yield:
   100-26 1/4 and 2.447%
 
    
Spread to Benchmark Treasury:
   85 basis points
 
    
Yield to Maturity:
   3.297%
 
    
Interest Rate:
   3.250% per annum
 
    
Public Offering Price (Issue Price):
   99.743% of the Principal Amount thereof
 
    
Interest Payment Dates:
   Semi-annually in arrears on each March
 
   15 and September 15, commencing March
 
   15, 2010
 
    
Redemption Provision:
   Make-whole call at the Adjusted
 
   Treasury Rate plus 15 basis points
 
    
Joint Bookrunners:
   Citigroup Global Markets Inc.
 
   RBS Securities Inc.
 
    
Co-Managers:
   Banc of America Securities LLC
 
   Credit Suisse Securities (USA) LLC
 
   Deutsche Bank Securities Inc.
 
   HSBC Securities (USA) Inc.
 
   Mitsubishi UFJ Securities (USA), Inc.
 
   Santander Investment Securities Inc.
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 (i) Citigroup Global Markets Inc. toll free at 1-877-858-5407, or (ii) RBS Securities Inc. toll free at 1-866-884-2071.
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