Filed Pursuant to Rule 433
Dated October 27, 2008
Registration Statement No. 333-132041
3M Company
Medium Term Notes
$800,000,000 4.50% Notes due 2011
Summary of Terms
4.50% Senior Notes due 2011 |
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Issuer: |
|
3M Company |
Ratings (Moodys/S&P): |
|
Aa1/AA |
Trade Date: |
|
October 27, 2008 |
Settlement Date: |
|
T+3; October 30, 2008 |
Maturity: |
|
November 1, 2011 |
Format |
|
SEC Registered |
Ranking |
|
Senior Unsecured |
Total Principal Amount: |
|
$800,000,000 |
Coupon: |
|
4.50% |
Spread to Benchmark Treasury: |
|
+ 275 basis points |
Public Offering Price: |
|
99.830% |
Yield to Maturity: |
|
4.561% |
Benchmark Treasury: |
|
UST 4.625% due October 31, 2011 |
Benchmark Treasury Price and Yield: |
|
108.6+; 1.811% |
Interest Payment Dates: |
|
May 1 and November 1, commencing May 1, 2009 |
Day Count: |
|
30/360 |
Gross Proceeds: |
|
$798,640,000.00 |
Redemption Provisions: |
|
Not redeemable |
Bookrunner: |
|
J.P. Morgan Securities Inc. |
Minimum Denominations: |
|
$2,000 x $1,000 |
CUSIP: |
|
88579EAF2 |
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 rating is subject 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 J.P. Morgan Securities Inc. (collect) at (212) 834-4533.