Urethane Blog

Confidence!

February 26, 2015

LyondellBasell Industries N.V.

$1,000,000,000 4.625% Senior Notes due 2055

Pricing Term Sheet dated February 26, 2015


Issuer:		LyondellBasell Industries N.V.

Security Description:		$1,000,000,000 4.625% Senior Notes due 2055

Distribution:		SEC-registered

Principal Amount:		$1,000,000,000

Coupon:		4.625%

Maturity:		February 26, 2055

Offering Price:		98.353% of face amount

Yield to Maturity:		4.717%

Spread to Benchmark Treasury:		+210 basis points

Benchmark Treasury:		UST 3.000% due November 15, 2044

Benchmark Treasury Price and Yield:		107-28; 2.617%

Interest Payment Dates:		February 26 and August 26

First Interest Payment Date:		August 26, 2015

Optional Redemptions:
Make Whole Call:		T+35 basis points (at any time before August 26, 2054)
Par Call:		At any time on or after August 26, 2054

Change of Control Triggering Event:		Puttable at 101% of principal plus accrued and unpaid interest and additional interest, if any

Trade Date:		February 26, 2015

Settlement:		March 5, 2015 (T+5)

CUSIP/ ISIN:		552081 AM3/ US552081AM30

*Expected Ratings:**		Baa1 / BBB (stable /stable)

Denominations/Multiple:		$2,000 / $1,000

Joint Book-Running Managers:		Credit Suisse Securities (USA) LLC
		Deutsche Bank Securities Inc.
		J.P. Morgan Securities LLC
		Morgan Stanley & Co. LLC
		Barclays Capital Inc.
		Citigroup Global Markets Inc.
		Merrill Lynch, Pierce, Fenner & Smith Incorporated
		Wells Fargo Securities, LLC


Co-Managers:		BNY Mellon Capital Markets, LLC
		HSBC Securities (USA) Inc.
		ING Financial Markets LLC
		Mitsubishi UFJ Securities (USA), Inc.
		Mizuho Securities USA Inc.
		PNC Capital Markets LLC
		Regions Securities LLC
		Scotia Capital (USA) Inc.
		SMBC Nikko Securities America, Inc.
		UniCredit Capital Markets LLC