<SEC-DOCUMENT>0001140361-24-013262.txt : 20240314
<SEC-HEADER>0001140361-24-013262.hdr.sgml : 20240314
<ACCEPTANCE-DATETIME>20240314171201
ACCESSION NUMBER:		0001140361-24-013262
CONFORMED SUBMISSION TYPE:	FWP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20240314
DATE AS OF CHANGE:		20240314

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BRUNSWICK CORP
		CENTRAL INDEX KEY:			0000014930
		STANDARD INDUSTRIAL CLASSIFICATION:	ENGINES & TURBINES [3510]
		ORGANIZATION NAME:           	06 Technology
		IRS NUMBER:				360848180
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		FWP
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	333-258249
		FILM NUMBER:		24751237

	BUSINESS ADDRESS:	
		STREET 1:		26125 N. RIVERWOODS BLVD. SUITE 500
		CITY:			METTAWA
		STATE:			IL
		ZIP:			60045-3420
		BUSINESS PHONE:		8477354700

	MAIL ADDRESS:	
		STREET 1:		26125 N. RIVERWOODS BLVD. SUITE 500
		CITY:			METTAWA
		STATE:			IL
		ZIP:			60045-3420

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BRUNSWICK BALKE COLLENDER CO
		DATE OF NAME CHANGE:	19660919

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BRUNSWICK CORP
		CENTRAL INDEX KEY:			0000014930
		STANDARD INDUSTRIAL CLASSIFICATION:	ENGINES & TURBINES [3510]
		ORGANIZATION NAME:           	06 Technology
		IRS NUMBER:				360848180
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		FWP

	BUSINESS ADDRESS:	
		STREET 1:		26125 N. RIVERWOODS BLVD. SUITE 500
		CITY:			METTAWA
		STATE:			IL
		ZIP:			60045-3420
		BUSINESS PHONE:		8477354700

	MAIL ADDRESS:	
		STREET 1:		26125 N. RIVERWOODS BLVD. SUITE 500
		CITY:			METTAWA
		STATE:			IL
		ZIP:			60045-3420

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BRUNSWICK BALKE COLLENDER CO
		DATE OF NAME CHANGE:	19660919
</SEC-HEADER>
<DOCUMENT>
<TYPE>FWP
<SEQUENCE>1
<FILENAME>ny20024037x2_fwp.htm
<DESCRIPTION>FWP
<TEXT>
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         Document created using Broadridge PROfile 24.2.1.5221
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  <div>
    <div style="text-align: right; font-weight: bold;">Filed Pursuant to Rule 433</div>
    <div style="text-align: right; font-weight: bold;">Registration Statement No. 333-258249</div>
    <div style="text-align: right; font-weight: bold;">Pricing Term Sheet</div>
    <div style="text-align: center; font-weight: bold;"> <br>
    </div>
    <div style="text-align: center; font-weight: bold;">BRUNSWICK CORPORATION</div>
    <div style="text-align: center; font-weight: bold;"> <br>
    </div>
    <div style="text-align: center;"><u>Pricing Term Sheet</u></div>
    <div style="text-align: center;"><u> <br>
      </u></div>
    <div style="text-align: center;">$400,000,000 5.850% Notes due 2029</div>
    <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;" id="z4a66ae989fa34478858a96de8832eeb8" border="0" cellpadding="2" cellspacing="0">

        <tr>
          <td style="width: 50%; vertical-align: top;">
            <div style="font-weight: bold;">Issuer:</div>
          </td>
          <td style="width: 50%; vertical-align: top;">
            <div>Brunswick Corporation</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">
            <div style="font-weight: bold;">Security Type:</div>
          </td>
          <td style="width: 50%; vertical-align: top;">
            <div>Senior Unsecured Notes</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">
            <div style="font-weight: bold;">Format:</div>
          </td>
          <td style="width: 50%; vertical-align: top;">
            <div>SEC Registered</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">
            <div style="font-weight: bold;">Title:</div>
          </td>
          <td style="width: 50%; vertical-align: top;">
            <div>5.850% Notes due 2029 (the &#8220;Notes&#8221;)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">
            <div style="font-weight: bold;">Aggregate Principal Amount:</div>
          </td>
          <td style="width: 50%; vertical-align: top;">
            <div>$400,000,000</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">
            <div style="font-weight: bold;">Maturity:</div>
          </td>
          <td style="width: 50%; vertical-align: top;">
            <div>March 18, 2029</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">
            <div style="font-weight: bold;">Coupon:</div>
          </td>
          <td style="width: 50%; vertical-align: top;">
            <div>5.850%</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">
            <div style="font-weight: bold;">Interest Payment Dates:</div>
          </td>
          <td style="width: 50%; vertical-align: top;">
            <div>March 18 and September 18, commencing September 18, 2024</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">
            <div style="font-weight: bold;">Price to Public:</div>
          </td>
          <td style="width: 50%; vertical-align: top;">
            <div>99.829% of the aggregate principal amount</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">
            <div style="font-weight: bold;">Benchmark Treasury:</div>
          </td>
          <td style="width: 50%; vertical-align: top;">
            <div>4.250% due February 28, 2029</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">
            <div style="font-weight: bold;">Benchmark Treasury Price / Yield:</div>
          </td>
          <td style="width: 50%; vertical-align: top;">
            <div>99-26 1/4 / 4.290%</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">
            <div style="font-weight: bold;">Spread to Benchmark Treasury:</div>
          </td>
          <td style="width: 50%; vertical-align: top;">
            <div>+160 basis points</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">
            <div style="font-weight: bold;">Yield to Maturity:</div>
          </td>
          <td style="width: 50%; vertical-align: top;">
            <div>5.890%</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">
            <div style="font-weight: bold;">Expected Ratings (Moody&#8217;s / S&amp;P / Fitch)*:</div>
          </td>
          <td style="width: 50%; vertical-align: top;">
            <div>Baa2 / BBB- / BBB</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">
            <div style="font-weight: bold;">Trade Date:</div>
          </td>
          <td style="width: 50%; vertical-align: top;">
            <div>March 14, 2024</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">
            <div style="font-weight: bold;">Settlement Date:</div>
          </td>
          <td style="width: 50%; vertical-align: top;">
            <div>T+2; March 18, 2024</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">
            <div style="font-weight: bold;">Optional Redemption:</div>
          </td>
          <td style="width: 50%; vertical-align: top;">
            <div>The Notes will be redeemable at the option of the Issuer, in whole or in part, at any time and from time to time prior to maturity.&#160; If the Issuer
              elects to redeem the Notes (A) at any time prior to February 18, 2029, it will pay a redemption price equal to the greater of (i) 100% of the principal amount or (ii) a &#8220;make-whole&#8221; amount calculated at the applicable treasury rate plus 25
              basis points, plus, in each case, any accrued and unpaid interest to, but not including, the redemption date, and (B) at any time on or after February 18, 2029, at a redemption price equal to 100% of the principal amount thereof, plus accrued
              and unpaid interest to, but not including, the redemption date.</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">
            <div style="font-weight: bold;">Day Count:</div>
          </td>
          <td style="width: 50%; vertical-align: top;">
            <div>30 / 360</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">
            <div style="font-weight: bold;">CUSIP / ISIN:</div>
          </td>
          <td style="width: 50%; vertical-align: top;">
            <div>117043AW9 / US117043AW94</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">
            <div style="font-weight: bold;">Denominations:</div>
          </td>
          <td style="width: 50%; vertical-align: top;">
            <div>$2,000 and integral multiples of $1,000 in excess thereof</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">
            <div style="font-weight: bold;">Joint Book-Running Managers:</div>
          </td>
          <td style="width: 50%; vertical-align: top;">
            <div>BofA Securities, Inc.</div>
            <div>J.P. Morgan Securities LLC</div>
            <div>Wells Fargo Securities, LLC</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">
            <div style="font-weight: bold;">Senior Co-Managers:</div>
          </td>
          <td style="width: 50%; vertical-align: top;">
            <div>Citigroup Global Markets Inc.</div>
            <div>Citizens JMP Securities, LLC</div>
            <div>U.S. Bancorp Investments, Inc.</div>
            <div>Truist Securities, Inc.</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">
            <div style="font-weight: bold;">Co-Manager:</div>
          </td>
          <td style="width: 50%; vertical-align: top;">
            <div>BMO Capital Markets Corp.</div>
          </td>
        </tr>

    </table>
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    </div>
    <div>*Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision, suspension or withdrawal at any time.</div>
    <div><br>
    </div>
    <div style="font-weight: bold;">The Issuer has filed a registration statement (including a preliminary prospectus supplement and accompanying prospectus) with the U.S.
      Securities and Exchange Commission (the &#8220;SEC&#8221;) for the offering to which this communication relates.&#160; Before you invest, you should read the preliminary prospectus supplement and accompanying 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.&#160; 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 preliminary prospectus supplement and accompanying prospectus if you request it by calling BofA Securities, Inc. toll-free at (800) 294-1322, J.P. Morgan Securities LLC collect at
      (212) 834-4533 or Wells Fargo Securities, LLC toll-free at (800) 645-3751.</div>
    <div style="font-weight: bold;"> <br>
    </div>
    <div style="text-align: justify; font-weight: bold;">Any disclaimer or other notice that may appear below is not applicable to this communication and should be disregarded.&#160; Such disclaimer
      or notice was automatically generated as a result of this communication being sent by Bloomberg or another email system.</div>
    <div><br>
    </div>
    <div>
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