<SEC-DOCUMENT>0001567619-15-000535.txt : 20150421
<SEC-HEADER>0001567619-15-000535.hdr.sgml : 20150421
<ACCEPTANCE-DATETIME>20150421061652
ACCESSION NUMBER:		0001567619-15-000535
CONFORMED SUBMISSION TYPE:	FWP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20150421
DATE AS OF CHANGE:		20150421

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SOUTHERN COPPER CORP/
		CENTRAL INDEX KEY:			0001001838
		STANDARD INDUSTRIAL CLASSIFICATION:	METAL MINING [1000]
		IRS NUMBER:				133849074
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		FWP
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	333-203237
		FILM NUMBER:		15781769

	BUSINESS ADDRESS:	
		STREET 1:		1440 E. MISSOURI AVENUE
		STREET 2:		SUITE 160
		CITY:			PHOENIX
		STATE:			AZ
		ZIP:			85014
		BUSINESS PHONE:		602-264-1375

	MAIL ADDRESS:	
		STREET 1:		1440 E. MISSOURI AVENUE
		STREET 2:		SUITE 160
		CITY:			PHOENIX
		STATE:			AZ
		ZIP:			85014

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SOUTHERN PERU COPPER CORP/
		DATE OF NAME CHANGE:	19960726

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SOUTHERN PERU COPPER HOLDING CO
		DATE OF NAME CHANGE:	19951006

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SOUTHERN COPPER CORP/
		CENTRAL INDEX KEY:			0001001838
		STANDARD INDUSTRIAL CLASSIFICATION:	METAL MINING [1000]
		IRS NUMBER:				133849074
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		FWP

	BUSINESS ADDRESS:	
		STREET 1:		1440 E. MISSOURI AVENUE
		STREET 2:		SUITE 160
		CITY:			PHOENIX
		STATE:			AZ
		ZIP:			85014
		BUSINESS PHONE:		602-264-1375

	MAIL ADDRESS:	
		STREET 1:		1440 E. MISSOURI AVENUE
		STREET 2:		SUITE 160
		CITY:			PHOENIX
		STATE:			AZ
		ZIP:			85014

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SOUTHERN PERU COPPER CORP/
		DATE OF NAME CHANGE:	19960726

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SOUTHERN PERU COPPER HOLDING CO
		DATE OF NAME CHANGE:	19951006
</SEC-HEADER>
<DOCUMENT>
<TYPE>FWP
<SEQUENCE>1
<FILENAME>s000692x4_fwp.htm
<DESCRIPTION>FWP
<TEXT>
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font-size: 10pt; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 41%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 59%; font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-size: 10pt">FILED PURSUANT TO RULE 433</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-size: 10pt">REGISTRATION STATEMENT FILE NO. 333-203237</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Issuer Free Writing Prospectus dated
April 20, 2015 relating to the</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Preliminary Prospectus Supplement dated
April 20, 2015</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>and to the Prospectus dated April 3,
2015</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SOUTHERN COPPER CORPORATION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>US$500,000,000 3.875% NOTES DUE 2025</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>US$1,500,000,000 5.875% NOTES DUE 2045</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>This pricing term sheet relates only to the notes described
below (the &#8220;notes&#8221;) and should be read together with the preliminary prospectus supplement dated April 20, 2015 (the
&#8220;Preliminary Prospectus Supplement&#8221;) and the prospectus dated April 3, 2015 (including the documents incorporated by
reference therein) relating to the notes offering before making a decision in connection with an investment in the notes. The information
in this pricing term sheet supersedes the information in the Preliminary Prospectus Supplement to the extent that it is inconsistent
therewith. Terms used but not defined herein have the meanings ascribed to them in the Preliminary Prospectus Supplement.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 150pt; text-align: left"><B>Issuer:</B></TD><TD STYLE="width: 50pt"></TD><TD STYLE="text-align: justify">Southern Copper Corporation (the &#8220;Issuer&#8221;)</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 150pt; text-align: left"><B>Security Description:&#9;</B></TD><TD STYLE="width: 50pt"></TD><TD STYLE="text-align: justify"><B></B>3.875% notes due 2025 (the &#8220;2025 notes&#8221;)</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2.5in; text-indent: -2.5in"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 150pt"></TD><TD STYLE="width: 50pt"></TD><TD>5.875% notes due 2045 (the &#8220;2045 notes&#8221;)</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 150pt; text-align: left"><B>Transaction Type:</B></TD><TD STYLE="width: 50pt"></TD><TD STYLE="text-align: justify"><B></B>SEC Registered</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2.5in; text-indent: -2.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 150pt"><B>Currency:</B></TD><TD STYLE="width: 50pt"></TD><TD>US Dollars</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 150pt; text-align: left"><B>Total Principal Amount:</B></TD><TD STYLE="width: 50pt"></TD><TD STYLE="text-align: justify"><B></B>The 2025 notes: US$500,000,000</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2.5in; text-indent: -2.5in"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 150pt"></TD><TD STYLE="width: 50pt"></TD><TD>The 2045 notes: US$1,500,000,000</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 150pt; text-align: left"><B>Offering Price:</B></TD><TD STYLE="width: 50pt"></TD><TD STYLE="text-align: justify"><B></B>The 2025 notes: 99.459%</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2.5in; text-indent: -2.5in"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 150pt"></TD><TD STYLE="width: 50pt"></TD><TD>The 2045 notes: 98.833%</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 150pt; text-align: left"><B>Underwriting Discount:</B></TD><TD STYLE="width: 50pt"></TD><TD STYLE="text-align: justify"><B></B>The 2025 notes: 0.300%</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2.5in; text-indent: -2.5in"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 150pt"></TD><TD STYLE="width: 50pt"></TD><TD>The 2045 notes: 0.400%</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2.5in; text-indent: -2.5in"><B>Net Proceeds to Issuer&#9;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 150pt; text-align: left"><B>(before expenses):</B></TD><TD STYLE="width: 50pt"></TD><TD STYLE="text-align: justify"><B></B>The 2025 notes: US$495,795,000</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2.5in; text-indent: -2.5in"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 150pt"></TD><TD STYLE="width: 50pt"></TD><TD>The 2045 notes: US$1,476,495,000</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 150pt"><B>Maturity:</B></TD><TD STYLE="width: 50pt"></TD><TD>The 2025 notes: April 23, 2025</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 150pt"></TD><TD STYLE="width: 50pt"></TD><TD>The 2045 notes: April 23, 2045</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

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<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 150pt"><B>Coupon:</B></TD><TD STYLE="width: 50pt"></TD><TD>The 2025 notes: 3.875%</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 150pt"></TD><TD STYLE="width: 50pt"></TD><TD>The 2045 notes: 5.875%</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 150pt; text-align: left"><B>Benchmark Treasury:</B></TD><TD STYLE="width: 50pt"></TD><TD STYLE="text-align: justify"><B></B>The 2025 notes: 2.000% due February 15, 2025</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2.5in; text-indent: -2.5in"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 150pt"></TD><TD STYLE="width: 50pt"></TD><TD>The 2045 notes: 3.000%<B> </B>due November 15, 2044</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 150pt; text-align: left"><B>Benchmark Treasury Yield:</B></TD><TD STYLE="width: 50pt"></TD><TD STYLE="text-align: justify"><B></B>The 2025 notes: 1.891%</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2.5in; text-indent: -2.5in"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 150pt"></TD><TD STYLE="width: 50pt"></TD><TD>The 2045 notes: 2.559%</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 150pt; text-align: left"><B>Spread to Benchmark Treasury:</B></TD><TD STYLE="width: 50pt"></TD><TD STYLE="text-align: justify"><B></B>The 2025 notes: + 205bps</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2.5in; text-indent: -2.5in"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 150pt"></TD><TD STYLE="width: 50pt"></TD><TD>The 2045 notes: + 340 bps</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 150pt; text-align: left"><B>Yield to Maturity:</B></TD><TD STYLE="width: 50pt"></TD><TD STYLE="text-align: justify"><B></B>The 2025 notes: 3.941%</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2.5in; text-indent: -2.5in"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 150pt"></TD><TD STYLE="width: 50pt"></TD><TD>The 2045 notes: 5.959%</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 150pt; text-align: left"><B>Expected Issue Ratings<FONT STYLE="font: 10pt Times New Roman, Times, Serif"><SUP>1</SUP></FONT>:</B></TD><TD STYLE="width: 50pt"></TD><TD STYLE="text-align: justify"><B></B>Baa2
(Moody&#8217;s) / BBB (S&amp;P) / BBB+ (Fitch)</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2.5in; text-indent: -2.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 150pt; text-align: left"><B>Use of Proceeds:</B></TD><TD STYLE="width: 50pt"></TD><TD STYLE="text-align: justify"><B></B>Net proceeds of the offering are expected to be used for general
corporate purposes, including the financing of the Issuer&#8217;s capital expenditure program</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2.5in; text-indent: -2.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 150pt; text-align: left"><B>Interest Payment Dates:</B></TD><TD STYLE="width: 50pt"></TD><TD STYLE="text-align: justify"><B></B>April 23 and October 23 of each year, commencing on October
23, 2015</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2.5in; text-indent: -2.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 150pt; text-align: left"><B>Day Count Convention:</B></TD><TD STYLE="width: 50pt"></TD><TD STYLE="text-align: justify"><B></B>30/360</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2.5in; text-indent: -2.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 150pt; text-align: left"><B>Trade Date:</B></TD><TD STYLE="width: 50pt"></TD><TD STYLE="text-align: justify"><B></B>April 20, 2015</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2.5in; text-indent: -2.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 150pt; text-align: left"><B>Settlement Date:</B></TD><TD STYLE="width: 50pt"></TD><TD STYLE="text-align: justify"><B></B>April 23, 2015</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2.5in; text-indent: -2.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 150pt"><B>CUSIP/ISIN:</B></TD><TD STYLE="width: 50pt"></TD><TD>The 2025 notes:</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 200pt">CUSIP: 84265V AH8</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 200pt"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 200pt">ISIN: US84265VAH87</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 200pt">The 2045 notes:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 200pt">CUSIP: 84265V AJ4</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 200pt">ISIN: US84265VAJ44</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 150pt"><B>Ranking:</B></TD><TD STYLE="width: 50pt; text-align: left"></TD><TD>Senior unsecured</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

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<TD STYLE="width: 150pt"><B>Denomination:</B></TD><TD STYLE="width: 50pt; text-align: left"></TD><TD>$2,000 and integral multiples of $1,000 in excess thereof</TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><SUP>1</SUP></FONT></TD><TD>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.</TD></TR></TABLE>

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<TD STYLE="width: 150pt"><P STYLE="margin: 0pt 0"><B>Optional Redemption:</B></P>



</TD><TD STYLE="width: 50pt"></TD><TD><P STYLE="margin: 0pt 0">The<FONT STYLE="font: 10pt Times New Roman, Times, Serif"> 2025 notes: Make-whole call at UST + 30 basis
points</FONT></P>

</TD></TR>                                                                                                                                 <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD STYLE="margin: 0pt 0">The 2045 notes: Make-whole call at UST + 50 basis points
</TD></TR>
</TABLE>

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<TD STYLE="width: 150pt"><B>Listing:</B></TD><TD STYLE="width: 50pt; text-align: left"></TD><TD>The Issuer has applied to list the notes on the Global Exchange Market of the Irish Stock Exchange</TD></TR></TABLE>

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<TD STYLE="width: 150pt; text-align: left"><B>Governing Law:</B></TD><TD STYLE="width: 50pt"></TD><TD STYLE="text-align: justify"><B></B>State of New York</TD>
</TR></TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2.5in; text-indent: -2.5in"><B>Joint Bookrunners and Joint</B></P>

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<TD STYLE="width: 150pt; text-align: left"><B>Lead Managers:</B></TD><TD STYLE="width: 50pt"></TD><TD STYLE="text-align: justify"><B></B>Credit Suisse Securities (USA) LLC</TD>
</TR></TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 200pt">Morgan Stanley &amp; Co. LLC</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 200pt">HSBC Securities (USA) Inc.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 200pt">Merrill Lynch, Pierce, Fenner &amp; Smith</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 210pt; text-indent: 0.5in">&nbsp;&nbsp;Incorporated</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 200pt">UBS Securities LLC</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">* * *</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The Issuer has filed a registration statement (including the
prospectus dated April 3, 2015 and the Preliminary Prospectus Supplement) with the SEC for the offering of the notes to which this
communication relates. Before you invest in the notes, you should read the Preliminary Prospectus Supplement, the accompanying
prospectus in the registration statement and the 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.
The file number of the Issuer&#8217;s registration statement is No. 333-203237. Alternatively, the Issuer, any underwriter or any
dealer participating in the offering will arrange to send you the prospectus if you request it by contacting Credit Suisse Securities
(USA) LLC, toll-free at 1-800-221-1037; Morgan Stanley &amp; Co. LLC, 1585 Broadway, New York, NY 10036, Attention: Investment
Banking Division, telephone: 1-866-718-1649 or by facsimile: 212-507-8999; HSBC Securities (USA) Inc., toll-free at 1-866-811-8049;
Merrill Lynch, Pierce, Fenner &amp; Smith Incorporated, toll-free at 1-800-294-1322; or UBS Securities LLC, toll-free at 1-888-827-7275.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">ANY DISCLAIMERS OR OTHER NOTICES THAT MAY APPEAR BELOW ARE NOT
APPLICABLE TO THIS COMMUNICATION AND SHOULD BE DISREGARDED. SUCH DISCLAIMERS OR OTHER NOTICES WERE AUTOMATICALLY GENERATED AS A
RESULT OF THIS COMMUNICATION BEING SENT VIA BLOOMBERG OR ANOTHER EMAIL SYSTEM.</P>

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