<SEC-DOCUMENT>0001193125-15-095431.txt : 20150317
<SEC-HEADER>0001193125-15-095431.hdr.sgml : 20150317
<ACCEPTANCE-DATETIME>20150317163033
ACCESSION NUMBER:		0001193125-15-095431
CONFORMED SUBMISSION TYPE:	FWP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20150317
DATE AS OF CHANGE:		20150317

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MASCO CORP /DE/
		CENTRAL INDEX KEY:			0000062996
		STANDARD INDUSTRIAL CLASSIFICATION:	MILLWOOD, VENEER, PLYWOOD & STRUCTURAL WOOD MEMBERS [2430]
		IRS NUMBER:				381794485
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		FWP
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	333-186766
		FILM NUMBER:		15707099

	BUSINESS ADDRESS:	
		STREET 1:		21001 VAN BORN RD
		CITY:			TAYLOR
		STATE:			MI
		ZIP:			48180
		BUSINESS PHONE:		3132747400

	MAIL ADDRESS:	
		STREET 1:		21001 VAN BORN ROAD
		CITY:			TAYLOR
		STATE:			MI
		ZIP:			48180

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MASCO SCREW PRODUCTS CO
		DATE OF NAME CHANGE:	19731025

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MASCO CORP /DE/
		CENTRAL INDEX KEY:			0000062996
		STANDARD INDUSTRIAL CLASSIFICATION:	MILLWOOD, VENEER, PLYWOOD & STRUCTURAL WOOD MEMBERS [2430]
		IRS NUMBER:				381794485
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		FWP

	BUSINESS ADDRESS:	
		STREET 1:		21001 VAN BORN RD
		CITY:			TAYLOR
		STATE:			MI
		ZIP:			48180
		BUSINESS PHONE:		3132747400

	MAIL ADDRESS:	
		STREET 1:		21001 VAN BORN ROAD
		CITY:			TAYLOR
		STATE:			MI
		ZIP:			48180

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MASCO SCREW PRODUCTS CO
		DATE OF NAME CHANGE:	19731025
</SEC-HEADER>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Issuer Free Writing Prospectus </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Filed Pursuant to Rule 433 </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Registration No. 333-186766 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Term
Sheet </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">March&nbsp;17, 2015 </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">MASCO CORPORATION </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">$500,000,000
4.450% NOTES DUE 2025 </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top">ISSUER:</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="top">Masco Corporation</TD></TR>
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<TD VALIGN="top">TITLE OF SECURITIES:</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="top">4.450% Notes due 2025</TD></TR>
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<TD VALIGN="top">RATINGS*:</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="top">Ba2 (stable) by Moody&#146;s Investors Service, Inc., BBB (stable) by Standard &amp; Poor&#146;s Rating Services and BB+ (stable) by Fitch Ratings Inc.</TD></TR>
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<TD VALIGN="top">TRADE DATE:</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="top">March 17, 2015</TD></TR>
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<TD VALIGN="top">SETTLEMENT DATE (T+5):</TD>
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<TD VALIGN="top">March 24, 2015</TD></TR>
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<TD VALIGN="top">MATURITY DATE:</TD>
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<TD VALIGN="top">April 1, 2025</TD></TR>
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<TD VALIGN="top">AGGREGATE PRINCIPAL AMOUNT OFFERED:</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="top">$500,000,000</TD></TR>
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<TD VALIGN="top">PRICE TO PUBLIC (ISSUE PRICE):</TD>
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<TD VALIGN="top">100.000%</TD></TR>
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<TD VALIGN="top">BENCHMARK TREASURY:</TD>
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<TD VALIGN="top">2.000% due February 15, 2025</TD></TR>
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<TD VALIGN="top">BENCHMARK TREASURY PRICE AND YIELD:</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="top">99-14<SUP STYLE="vertical-align:top">&nbsp;3</SUP>&#8260;<SUB STYLE="vertical-align:bottom">4</SUB>; 2.060%</TD></TR>
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<TD VALIGN="top">YIELD TO MATURITY:</TD>
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<TD VALIGN="top">4.450%</TD></TR>
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<TD VALIGN="top">SPREAD TO BENCHMARK TREASURY:</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="top">+ 239 basis points</TD></TR>
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<TD VALIGN="top">INTEREST RATE:</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="top">4.450% per annum</TD></TR>
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<TD VALIGN="top">INTEREST PAYMENT DATES:</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="top">Semi-annually on each April 1 and October 1, commencing on October 1, 2015</TD></TR>
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<TD VALIGN="top">DENOMINATIONS:</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="top">$2,000 by $1,000</TD></TR></TABLE>

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<TD VALIGN="top">OPTIONAL REDEMPTION:</TD>
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<TD VALIGN="top">The notes will be redeemable at our option at any time, in whole or in part, at the &#147;Redemption Price.&#148; Prior to January&nbsp;1, 2025 (three months prior to the maturity of the Securities), the Redemption Price is the
greater of (i) 100% of the principal amount of such notes, and (ii) the sum of the present values of the remaining scheduled payments of principal and interest thereon that would be due if such bonds matured on January&nbsp;1, 2025 but for the
redemption (exclusive of interest accrued to the date of redemption) discounted to the redemption date on a semiannual basis at the Treasury Rate plus 40 basis points. On and after January&nbsp;1, 2025 (three months prior to the maturity of the
notes), the Redemption Price will equal 100% of the principal amount of such notes. In each case described in this paragraph, the Redemption Price will include accrued and unpaid interest thereon to the date of redemption.</TD></TR>
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<TD VALIGN="top">CHANGE OF CONTROL:</TD>
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<TD VALIGN="top">Upon the occurrence of a Change of Control Triggering Event, we will be required to make an offer to purchase the notes at a price equal to 101% of their principal amount plus accrued and unpaid interest to the date of
repurchase.</TD></TR>
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<TD VALIGN="top">JOINT BOOK-RUNNING MANAGERS:</TD>
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<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Citigroup Global Markets Inc.</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Deutsche Bank
Securities Inc.</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">J.P. Morgan Securities LLC</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">RBC Capital
Markets, LLC</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">SunTrust Robinson Humphrey, Inc.</P></TD></TR>
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<TD VALIGN="top">SENIOR CO-MANAGERS:</TD>
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<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Merrill Lynch, Pierce, Fenner &amp; Smith</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Incorporated</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">PNC Capital Markets LLC</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Wells Fargo Securities, LLC</P></TD></TR>

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<TD VALIGN="top">CO-MANAGERS:</TD>
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<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Fifth Third Securities, Inc.</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Comerica
Securities, Inc.</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">SMBC Nikko Securities America, Inc.</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The
Williams Capital Group, L.P.</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">U.S. Bancorp Investments, Inc.</P></TD></TR>
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<TD VALIGN="top">CUSIP/ISIN:</TD>
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<TD VALIGN="top">574599 BJ4 / US574599BJ41</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">*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. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">2 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">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 website 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
Citigroup Global Markets Inc. at (800)&nbsp;831-9146, Deutsche Bank Securities Inc. at (800)&nbsp;503-4611, J.P. Morgan Securities at (212)&nbsp;834-4533, RBC Capital Markets, LLC at (866)&nbsp;375-6829 or SunTrust Robinson Humphrey, Inc. at
(800)&nbsp;685-4786. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">It is expected that delivery of the notes will be made against payment therefor on or about March&nbsp;24, 2015,
which is the fifth business day following the date hereof (such settlement cycle being referred to as &#147;T+5&#148;). Under Rule 15c6-1 under the Securities Exchange Act of 1934, as amended, trades in the secondary market generally are required to
settle in three business days unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade the notes on the date of pricing or the next succeeding business day will be required, by virtue of the fact that
the notes initially will settle in T+5, to specify an alternative settlement cycle at the time of any such trade to prevent failed settlement and should consult their own advisors. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">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>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">3 </P>

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