Free Writing Prospectus
Filed Pursuant to Rule 433
Registration Statement No. 333-136253
TERM SHEET FOR FIXED RATE NOTES
Dated August 3, 2006
| Issuer: |
FedEx Corporation | |
| Significant Guarantors: |
Federal Express Corporation, FedEx Ground Package System, Inc., FedEx Freight Corporation, FedEx Freight East, Inc. and FedEx Kinko’s Office and Print Services, Inc. | |
| Size: |
$500,000,000 | |
| Maturity: |
August 15, 2009 | |
| Coupon (Interest Rate): |
5.50% | |
| Price to public: |
99.749% of principal amount | |
| Yield to maturity: |
5.591% | |
| Benchmark Treasury: |
4.875% Notes due 5/09 | |
| Spread to Benchmark Treasury: |
0.67% | |
| Benchmark Treasury Spot and Yield: |
99-28 (4.921%) | |
| Interest Payment Dates: |
February 15 and August 15 of each year, commencing February 15, 2007 | |
| Make Whole Redemption: |
T + 10 basis points | |
| Settlement: |
T+3; August 8, 2006 | |
| Format: |
SEC Registered (No. 333-136253) | |
| Ratings: |
Baa2; stable BBB; positive | |
| Book-Running Managers: |
Banc of America Securities LLC J.P. Morgan Securities Inc. SunTrust Capital Markets, Inc. | |
| Co-Managers: |
Citigroup Global Markets Inc. Merrill Lynch, Pierce Fenner & Smith Incorporated Daiwa Securities America Inc. Greenwich Capital Markets, Inc. KBC Financial Products USA, Inc. KeyBanc Capital Markets, a Division of McDonald Investments Inc. Scotia Capital (USA) Inc. | |
| Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal 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 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 toll-free 1-800-294-1322.