<SEC-DOCUMENT>0001140361-23-050306.txt : 20231030
<SEC-HEADER>0001140361-23-050306.hdr.sgml : 20231030
<ACCEPTANCE-DATETIME>20231030172633
ACCESSION NUMBER:		0001140361-23-050306
CONFORMED SUBMISSION TYPE:	FWP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20231030
DATE AS OF CHANGE:		20231030

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BRISTOL MYERS SQUIBB CO
		CENTRAL INDEX KEY:			0000014272
		STANDARD INDUSTRIAL CLASSIFICATION:	PHARMACEUTICAL PREPARATIONS [2834]
		IRS NUMBER:				220790350
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		FWP
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	333-261623
		FILM NUMBER:		231361612

	BUSINESS ADDRESS:	
		STREET 1:		ROUTE 206 AND PROVINCE LINE ROAD
		CITY:			PRINCETON
		STATE:			NJ
		ZIP:			08543
		BUSINESS PHONE:		6092524621

	MAIL ADDRESS:	
		STREET 1:		ROUTE 206 AND PROVINCE LINE ROAD
		CITY:			PRINCETON
		STATE:			NJ
		ZIP:			08543

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BRISTOL MYERS CO
		DATE OF NAME CHANGE:	19891012

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BRISTOL MYERS SQUIBB CO
		CENTRAL INDEX KEY:			0000014272
		STANDARD INDUSTRIAL CLASSIFICATION:	PHARMACEUTICAL PREPARATIONS [2834]
		IRS NUMBER:				220790350
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		FWP

	BUSINESS ADDRESS:	
		STREET 1:		ROUTE 206 AND PROVINCE LINE ROAD
		CITY:			PRINCETON
		STATE:			NJ
		ZIP:			08543
		BUSINESS PHONE:		6092524621

	MAIL ADDRESS:	
		STREET 1:		ROUTE 206 AND PROVINCE LINE ROAD
		CITY:			PRINCETON
		STATE:			NJ
		ZIP:			08543

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BRISTOL MYERS CO
		DATE OF NAME CHANGE:	19891012
</SEC-HEADER>
<DOCUMENT>
<TYPE>FWP
<SEQUENCE>1
<FILENAME>ny20013200x2_fwp.htm
<DESCRIPTION>FWP
<TEXT>
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    <div style="text-align: right; font-weight: bold;">Issuer Free Writing Prospectus, dated October 30, 2023</div>
    <div style="text-align: right; font-weight: bold;">Filed Pursuant to Rule 433 of the Securities Act of 1933</div>
    <div style="text-align: right; font-weight: bold;">Registration Statement No. 333-261623</div>
    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;">Bristol-Myers Squibb Company</div>
    <div style="text-align: center; font-weight: bold;"><u>Pricing Term Sheet</u></div>
    <div style="text-align: center; font-weight: bold;">October 30, 2023</div>
    <div><br>
    </div>
    <div style="text-align: center;">$1,000,000,000 5.750% Notes due 2031 (the &#8220;2031 Notes&#8221;)</div>
    <div style="text-align: center;">$1,000,000,000 5.900% Notes due 2033 (the &#8220;2033 Notes&#8221;)</div>
    <div style="text-align: center;">$1,250,000,000 6.250% Notes due 2053 (the &#8220;2053 Notes&#8221;)</div>
    <div style="text-align: center;">$1,250,000,000 6.400% Notes due 2063 (the &#8220;2063 Notes&#8221;)</div>
    <div><br>
    </div>
    <div style="text-align: justify;">This pricing term sheet supplements the prospectus supplement issued by Bristol-Myers Squibb Company on October 30, 2023 (the &#8220;Preliminary Prospectus Supplement&#8221;) and the accompanying prospectus dated December 13, 2021
      (the &#8220;Prospectus&#8221;) and supersedes the information in the Preliminary Prospectus Supplement and Prospectus. Other information (including financial information) presented in the Preliminary Prospectus Supplement is deemed to have changed to the extent
      effected by the changes described herein. Otherwise, this Pricing Term Sheet is qualified in its entirety by reference to the Preliminary Prospectus Supplement and the Prospectus and should be read together with the Preliminary Prospectus Supplement,
      the Prospectus and the documents incorporated or deemed to be incorporated by reference therein before a decision is made in connection with an investment in the Notes. Terms used herein but not defined herein shall have the respective meanings as
      set forth in the Preliminary Prospectus Supplement.</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-weight: normal; font-style: normal;">I-1</font></div>
      <div style="page-break-after: always;" class="BRPFPageBreak">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
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    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;">$1,000,000,000 5.750% Notes due 2031</div>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" cellpadding="0" cellspacing="0">

        <tr>
          <td colspan="2" style="width: 100%; vertical-align: top; border-bottom: 2px solid #000000;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50.31%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-indent: -9.35pt; margin-left: 9.35pt;">Issuer:</div>
          </td>
          <td style="width: 49.69%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>Bristol-Myers Squibb Company</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.31%; vertical-align: top;">
            <div style="text-indent: -9.35pt; margin-left: 9.35pt;">Principal Amount:</div>
          </td>
          <td style="width: 49.69%; vertical-align: top;">
            <div>$1,000,000,000</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.31%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-indent: -9.35pt; margin-left: 9.35pt;">Trade Date:</div>
          </td>
          <td style="width: 49.69%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>October 30, 2023</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.31%; vertical-align: top;">
            <div style="text-indent: -9.35pt; margin-left: 9.35pt;">Settlement Date*:</div>
          </td>
          <td style="width: 49.69%; vertical-align: top;">
            <div>November 13, 2023 (T+10)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.31%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-indent: -9.35pt; margin-left: 9.35pt;">Maturity Date:</div>
          </td>
          <td style="width: 49.69%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>February 1, 2031</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.31%; vertical-align: top;">
            <div style="text-indent: -9.35pt; margin-left: 9.35pt;">Current Issuer Ratings**:</div>
          </td>
          <td style="width: 49.69%; vertical-align: top;">
            <div>A2 (stable) by Moody&#8217;s Investors Service, Inc. / A+ (stable) by Standard &amp; Poor&#8217;s Ratings Services</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.31%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-indent: -9.35pt; margin-left: 9.35pt;">Reoffer Price:</div>
          </td>
          <td style="width: 49.69%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>99.800% of principal amount</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.31%; vertical-align: top;">
            <div style="text-indent: -9.35pt; margin-left: 9.35pt;">Yield to Maturity:</div>
          </td>
          <td style="width: 49.69%; vertical-align: top;">
            <div>5.786%<br>
            </div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.31%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-indent: -9.35pt; margin-left: 9.35pt;">Interest Payment Dates:</div>
          </td>
          <td style="width: 49.69%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>February 1 and August 1, commencing February 1, 2024</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.31%; vertical-align: top;">
            <div style="text-indent: -9.35pt; margin-left: 9.35pt;">Record Dates:</div>
          </td>
          <td style="width: 49.69%; vertical-align: top;">
            <div>January 15 and July 15<br>
            </div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.31%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-indent: -9.35pt; margin-left: 9.35pt;">Coupon:</div>
          </td>
          <td style="width: 49.69%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>5.750% annually, accruing from and including November 13, 2023</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.31%; vertical-align: top;">
            <div style="text-indent: -9.35pt; margin-left: 9.35pt;">Spread to Benchmark Treasury:</div>
          </td>
          <td style="width: 49.69%; vertical-align: top;">
            <div>+90 bps</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.31%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-indent: -9.35pt; margin-left: 9.35pt;">Benchmark Treasury:</div>
          </td>
          <td style="width: 49.69%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>UST 4.875% due October 31, 2030</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.31%; vertical-align: top;">
            <div style="text-indent: -9.35pt; margin-left: 9.35pt;">Benchmark Treasury Price and Yield:</div>
          </td>
          <td style="width: 49.69%; vertical-align: top;">
            <div>99-30; 4.886%</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.31%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-indent: -9.35pt; margin-left: 9.35pt;">Par Call Date:</div>
          </td>
          <td style="width: 49.69%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>On or after December 1, 2030</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.31%; vertical-align: top;">
            <div style="text-indent: -9.35pt; margin-left: 9.35pt;">Make-Whole Call:</div>
          </td>
          <td style="width: 49.69%; vertical-align: top;">
            <div>T+15 bps</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.31%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-indent: -9.35pt; margin-left: 9.35pt;">Underwriting Discount:</div>
          </td>
          <td style="width: 49.69%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>0.400%</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.31%; vertical-align: top;">
            <div style="text-indent: -9.35pt; margin-left: 9.35pt;">CUSIP / ISIN:</div>
          </td>
          <td style="width: 49.69%; vertical-align: top;">
            <div style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none;">
              <div>110122 DY1 / US110122DY15</div>
            </div>
          </td>
        </tr>

    </table>
    <br>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-weight: normal; font-style: normal;">I-2</font></div>
      <div style="page-break-after: always;" class="BRPFPageBreak">
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    </div>
    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;">$1,000,000,000 5.900% Notes due 2033</div>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" cellpadding="0" cellspacing="0">

        <tr>
          <td colspan="2" style="width: 100%; vertical-align: top; border-bottom: 2px solid #000000;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50.31%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-indent: -9.35pt; margin-left: 9.35pt;">Issuer:</div>
          </td>
          <td style="width: 49.69%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>Bristol-Myers Squibb Company</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.31%; vertical-align: top;">
            <div style="text-indent: -9.35pt; margin-left: 9.35pt;">Principal Amount:</div>
          </td>
          <td style="width: 49.69%; vertical-align: top;">
            <div>$1,000,000,000</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.31%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-indent: -9.35pt; margin-left: 9.35pt;">Trade Date:</div>
          </td>
          <td style="width: 49.69%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>October 30, 2023</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.31%; vertical-align: top;">
            <div style="text-indent: -9.35pt; margin-left: 9.35pt;">Settlement Date*:</div>
          </td>
          <td style="width: 49.69%; vertical-align: top;">
            <div>November 13, 2023 (T+10)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.31%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-indent: -9.35pt; margin-left: 9.35pt;">Maturity Date:</div>
          </td>
          <td style="width: 49.69%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>November 15, 2033</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.31%; vertical-align: top;">
            <div style="text-indent: -9.35pt; margin-left: 9.35pt;">Current Issuer Ratings**:</div>
          </td>
          <td style="width: 49.69%; vertical-align: top;">
            <div>A2 (stable) by Moody&#8217;s Investors Service, Inc. / A+ (stable) by Standard &amp; Poor&#8217;s Ratings Services</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.31%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-indent: -9.35pt; margin-left: 9.35pt;">Reoffer Price:</div>
          </td>
          <td style="width: 49.69%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>99.768% of principal amount</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.31%; vertical-align: top;">
            <div style="text-indent: -9.35pt; margin-left: 9.35pt;">Yield to Maturity:</div>
          </td>
          <td style="width: 49.69%; vertical-align: top;">
            <div>5.931%<br>
            </div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.31%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-indent: -9.35pt; margin-left: 9.35pt;">Interest Payment Dates:</div>
          </td>
          <td style="width: 49.69%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>May 15 and November 15, commencing May 15, 2024</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.31%; vertical-align: top;">
            <div style="text-indent: -9.35pt; margin-left: 9.35pt;">Record Dates:</div>
          </td>
          <td style="width: 49.69%; vertical-align: top;">
            <div>May 1 and November 1<br>
            </div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.31%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-indent: -9.35pt; margin-left: 9.35pt;">Coupon:</div>
          </td>
          <td style="width: 49.69%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>5.900% annually, accruing from and including November 13, 2023</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.31%; vertical-align: top;">
            <div style="text-indent: -9.35pt; margin-left: 9.35pt;">Spread to Benchmark Treasury:</div>
          </td>
          <td style="width: 49.69%; vertical-align: top;">
            <div>+105 bps</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.31%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-indent: -9.35pt; margin-left: 9.35pt;">Benchmark Treasury:</div>
          </td>
          <td style="width: 49.69%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>UST 3.875% due August 15, 2033</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.31%; vertical-align: top;">
            <div style="text-indent: -9.35pt; margin-left: 9.35pt;">Benchmark Treasury Price and Yield:</div>
          </td>
          <td style="width: 49.69%; vertical-align: top;">
            <div>92-07+; 4.881%</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.31%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-indent: -9.35pt; margin-left: 9.35pt;">Par Call Date:</div>
          </td>
          <td style="width: 49.69%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>On or after August 15, 2033</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.31%; vertical-align: top;">
            <div style="text-indent: -9.35pt; margin-left: 9.35pt;">Make-Whole Call:</div>
          </td>
          <td style="width: 49.69%; vertical-align: top;">
            <div>T+20 bps</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.31%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-indent: -9.35pt; margin-left: 9.35pt;">Underwriting Discount:</div>
          </td>
          <td style="width: 49.69%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>0.450%</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.31%; vertical-align: top;">
            <div style="text-indent: -9.35pt; margin-left: 9.35pt;">CUSIP / ISIN:</div>
          </td>
          <td style="width: 49.69%; vertical-align: top;">
            <div style="color: rgb(0, 0, 0);">
              <div style="font-family: 'Times New Roman',Times,serif;">110122 DZ8 / US110122DZ89</div>
            </div>
          </td>
        </tr>

    </table>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-weight: normal; font-style: normal;">I-3</font></div>
      <div style="page-break-after: always;" class="BRPFPageBreak">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
    </div>
    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;">$1,250,000,000 6.250% Notes due 2053</div>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" cellpadding="0" cellspacing="0">

        <tr>
          <td colspan="2" style="width: 100%; vertical-align: top; border-bottom: 2px solid #000000;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50.31%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-indent: -9.35pt; margin-left: 9.35pt;">Issuer:</div>
          </td>
          <td style="width: 49.69%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>Bristol-Myers Squibb Company</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.31%; vertical-align: top;">
            <div style="text-indent: -9.35pt; margin-left: 9.35pt;">Principal Amount:</div>
          </td>
          <td style="width: 49.69%; vertical-align: top;">
            <div>$1,250,000,000</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.31%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-indent: -9.35pt; margin-left: 9.35pt;">Trade Date:</div>
          </td>
          <td style="width: 49.69%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>October 30, 2023</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.31%; vertical-align: top;">
            <div style="text-indent: -9.35pt; margin-left: 9.35pt;">Settlement Date*:</div>
          </td>
          <td style="width: 49.69%; vertical-align: top;">
            <div>November 13, 2023 (T+10)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.31%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-indent: -9.35pt; margin-left: 9.35pt;">Maturity Date:</div>
          </td>
          <td style="width: 49.69%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>November 15, 2053</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.31%; vertical-align: top;">
            <div style="text-indent: -9.35pt; margin-left: 9.35pt;">Current Issuer Ratings**:</div>
          </td>
          <td style="width: 49.69%; vertical-align: top;">
            <div>A2 (stable) by Moody&#8217;s Investors Service, Inc. / A+ (stable) by Standard &amp; Poor&#8217;s Ratings Services</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.31%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-indent: -9.35pt; margin-left: 9.35pt;">Reoffer Price:</div>
          </td>
          <td style="width: 49.69%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>99.717% of principal amount</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.31%; vertical-align: top;">
            <div style="text-indent: -9.35pt; margin-left: 9.35pt;">Yield to Maturity:</div>
          </td>
          <td style="width: 49.69%; vertical-align: top;">
            <div>6.271%<br>
            </div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.31%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-indent: -9.35pt; margin-left: 9.35pt;">Interest Payment Dates:</div>
          </td>
          <td style="width: 49.69%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>May 15 and November 15, commencing May 15, 2024</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.31%; vertical-align: top;">
            <div style="text-indent: -9.35pt; margin-left: 9.35pt;">Record Dates:</div>
          </td>
          <td style="width: 49.69%; vertical-align: top;">
            <div>May 1 and November 1<br>
            </div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.31%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-indent: -9.35pt; margin-left: 9.35pt;">Coupon:</div>
          </td>
          <td style="width: 49.69%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>6.250% annually, accruing from and including November 13, 2023</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.31%; vertical-align: top;">
            <div style="text-indent: -9.35pt; margin-left: 9.35pt;">Spread to Benchmark Treasury:</div>
          </td>
          <td style="width: 49.69%; vertical-align: top;">
            <div>+122 bps</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.31%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-indent: -9.35pt; margin-left: 9.35pt;">Benchmark Treasury:</div>
          </td>
          <td style="width: 49.69%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>UST 3.625% due May 15, 2053</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.31%; vertical-align: top;">
            <div style="text-indent: -9.35pt; margin-left: 9.35pt;">Benchmark Treasury Price and Yield:</div>
          </td>
          <td style="width: 49.69%; vertical-align: top;">
            <div>78-07+; 5.051%</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.31%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-indent: -9.35pt; margin-left: 9.35pt;">Par Call Date:</div>
          </td>
          <td style="width: 49.69%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>On or after May 15, 2053</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.31%; vertical-align: top;">
            <div style="text-indent: -9.35pt; margin-left: 9.35pt;">Make-Whole Call:</div>
          </td>
          <td style="width: 49.69%; vertical-align: top;">
            <div>T+20 bps</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.31%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-indent: -9.35pt; margin-left: 9.35pt;">Underwriting Discount:</div>
          </td>
          <td style="width: 49.69%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>0.800%</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.31%; vertical-align: top;">
            <div style="text-indent: -9.35pt; margin-left: 9.35pt;">CUSIP / ISIN:</div>
          </td>
          <td style="width: 49.69%; vertical-align: top;">
            <div style="color: rgb(0, 0, 0);">
              <div style="font-family: 'Times New Roman',Times,serif;">110122 EB0 / US110122EB03</div>
            </div>
          </td>
        </tr>

    </table>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-weight: normal; font-style: normal;">I-4</font></div>
      <div style="page-break-after: always;" class="BRPFPageBreak">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
    </div>
    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;">$1,250,000,000 6.400% Notes due 2063</div>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" cellpadding="0" cellspacing="0">

        <tr>
          <td colspan="2" style="width: 100%; vertical-align: top; border-bottom: 2px solid #000000;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50.31%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-indent: -9.35pt; margin-left: 9.35pt;">Issuer:</div>
          </td>
          <td style="width: 49.69%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>Bristol-Myers Squibb Company</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.31%; vertical-align: top;">
            <div style="text-indent: -9.35pt; margin-left: 9.35pt;">Principal Amount:</div>
          </td>
          <td style="width: 49.69%; vertical-align: top;">
            <div>$1,250,000,000</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.31%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-indent: -9.35pt; margin-left: 9.35pt;">Trade Date:</div>
          </td>
          <td style="width: 49.69%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>October 30, 2023</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.31%; vertical-align: top;">
            <div style="text-indent: -9.35pt; margin-left: 9.35pt;">Settlement Date*:</div>
          </td>
          <td style="width: 49.69%; vertical-align: top;">
            <div>November 13, 2023 (T+10)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.31%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-indent: -9.35pt; margin-left: 9.35pt;">Maturity Date:</div>
          </td>
          <td style="width: 49.69%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>November 15, 2063</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.31%; vertical-align: top;">
            <div style="text-indent: -9.35pt; margin-left: 9.35pt;">Current Issuer Ratings**:</div>
          </td>
          <td style="width: 49.69%; vertical-align: top;">
            <div>A2 (stable) by Moody&#8217;s Investors Service, Inc. / A+ (stable) by Standard &amp; Poor&#8217;s Ratings Services</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.31%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-indent: -9.35pt; margin-left: 9.35pt;">Reoffer Price:</div>
          </td>
          <td style="width: 49.69%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>99.985% of principal amount</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.31%; vertical-align: top;">
            <div style="text-indent: -9.35pt; margin-left: 9.35pt;">Yield to Maturity:</div>
          </td>
          <td style="width: 49.69%; vertical-align: top;">
            <div>6.401%<br>
            </div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.31%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-indent: -9.35pt; margin-left: 9.35pt;">Interest Payment Dates:</div>
          </td>
          <td style="width: 49.69%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>May 15 and November 15, commencing May 15, 2024</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.31%; vertical-align: top;">
            <div style="text-indent: -9.35pt; margin-left: 9.35pt;">Record Dates:</div>
          </td>
          <td style="width: 49.69%; vertical-align: top;">
            <div>May 1 and November 1<br>
            </div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.31%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-indent: -9.35pt; margin-left: 9.35pt;">Coupon:</div>
          </td>
          <td style="width: 49.69%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>6.400% annually, accruing from and including November 13, 2023</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.31%; vertical-align: top;">
            <div style="text-indent: -9.35pt; margin-left: 9.35pt;">Spread to Benchmark Treasury:</div>
          </td>
          <td style="width: 49.69%; vertical-align: top;">
            <div>+135 bps</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.31%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-indent: -9.35pt; margin-left: 9.35pt;">Benchmark Treasury:</div>
          </td>
          <td style="width: 49.69%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>UST 3.625% due May 15, 2053</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.31%; vertical-align: top;">
            <div style="text-indent: -9.35pt; margin-left: 9.35pt;">Benchmark Treasury Price and Yield:</div>
          </td>
          <td style="width: 49.69%; vertical-align: top;">
            <div>78-07+; 5.051%</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.31%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-indent: -9.35pt; margin-left: 9.35pt;">Par Call Date:</div>
          </td>
          <td style="width: 49.69%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>On or after May 15, 2063</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.31%; vertical-align: top;">
            <div style="text-indent: -9.35pt; margin-left: 9.35pt;">Make-Whole Call:</div>
          </td>
          <td style="width: 49.69%; vertical-align: top;">
            <div>T+25 bps</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.31%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-indent: -9.35pt; margin-left: 9.35pt;">Underwriting Discount:</div>
          </td>
          <td style="width: 49.69%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>0.800%</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.31%; vertical-align: top;">
            <div style="text-indent: -9.35pt; margin-left: 9.35pt;">CUSIP / ISIN:</div>
          </td>
          <td style="width: 49.69%; vertical-align: top;">
            <div style="color: rgb(0, 0, 0);">
              <div style="font-family: 'Times New Roman',Times,serif;">110122 EC8 / US110122EC85</div>
            </div>
          </td>
        </tr>

    </table>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
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    <div> <br>
    </div>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" border="0" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 50%; vertical-align: top;">
            <div>Joint Book-Running Managers:</div>
          </td>
          <td style="width: 50%; vertical-align: top;">
            <div>Morgan Stanley &amp; Co. LLC</div>
            <div>Barclays Capital Inc.</div>
            <div>Citigroup Global Markets Inc.</div>
            <div>J.P. Morgan Securities LLC</div>
            <div>
              <div>BofA Securities, Inc.</div>
              <div>BNP Paribas Securities Corp.</div>
              <div>HSBC Securities (USA) Inc.</div>
              <div>Mizuho Securities USA LLC</div>
              <div>SG Americas Securities, LLC</div>
              <div>Wells Fargo Securities, LLC</div>
            </div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">
            <div>Co-Managers:</div>
          </td>
          <td style="width: 50%; vertical-align: top;">
            <div>
              <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">Deutsche Bank Securities Inc.</div>
              <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">Goldman Sachs &amp; Co. LLC</div>
              <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">MUFG Securities Americas Inc.</div>
              <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">Scotia Capital (USA) Inc.</div>
              <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">SMBC Nikko Securities America, Inc.</div>
              <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">Standard Chartered Bank</div>
              <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">UBS Securities LLC</div>
              <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">U.S. Bancorp Investments, Inc.</div>
              <div style="font-family: 'Times New Roman',Times,serif; color: rgb(0, 0, 0);">PNC Capital Markets LLC</div>
              <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">CAVU Securities, LLC</div>
              <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">Drexel Hamilton, LLC</div>
              <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">Independence Point Securities LLC</div>
            </div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div>*We expect that delivery of the Notes will be made against payment therefor on November 13, 2023, which will be the tenth business day following the date of pricing of the Notes (such settlement cycle being referred to as &#8220;T+10&#8221;). Under Rule
      15c6-1 promulgated under the Securities Exchange Act of 1934, as amended, trades in the secondary market generally are required to settle in two business days unless the parties to a trade expressly agree otherwise. Accordingly, purchasers who wish
      to trade Notes prior to the date of delivery will be required, by virtue of the fact that the Notes initially will settle in T+10, to specify alternative settlement arrangements to prevent a failed settlement. Such purchasers should consult their own
      advisors.</div>
    <br>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-weight: normal; font-style: normal;">I-6</font></div>
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    </div>
    <div><br>
    </div>
    <div style="text-align: justify;">**These issuer ratings are not a recommendation to buy, sell or hold the Notes. The ratings may be subject to revision or withdrawal at any time by the relevant rating agency. Each of the issuer ratings included herein
      should be evaluated independently of any other issuer rating. No report of any rating agency is incorporated by reference herein.</div>
    <div><br>
    </div>
    <div>The issuer has filed a registration statement (including the Prospectus and the Preliminary Prospectus Supplement) with the U.S. Securities and Exchange Commission (the &#8220;SEC&#8221;) for the offering to which this communication relates. Before you
      invest, you should read the Prospectus and Preliminary Prospectus Supplement 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 website at www.sec.gov. Alternatively, the issuer, the underwriters or any dealer participating in the offering will arrange to send you the Prospectus and Prospectus Supplement if you request it by
      calling Morgan Stanley &amp; Co. LLC at 1-866-718-1649, Barclays Capital Inc. at 1-888-603-5847, Citigroup Global Markets Inc. at 1-800-831-9146 or J.P. Morgan Securities LLC at 1-212-834-4533.</div>
    <div><br>
    </div>
    <div>This communication does not constitute an offer to sell, or a solicitation of an offer to buy, any securities in any jurisdiction where it is unlawful or where the person making the offer is not qualified to do so, or to any person who cannot
      legally be offered the Notes.</div>
    <div><br>
    </div>
    <div>Any disclaimer or other notice that may appear below is not applicable to this communication and should be disregarded. Such disclaimer or notice was automatically generated as a result of this communication being sent by Bloomberg or another
      e-mail system.</div>
    <div><font class="BRPFPageNumber" style="font-weight: normal; font-style: normal;"> <br>
      </font></div>
    <div style="text-align: center;"> <font class="BRPFPageNumber" style="font-family: 'Times New Roman',Times,serif; font-weight: normal; font-style: normal;">I-7</font>
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