Filed Pursuant to Rule 433
Registration Statement No. 333-186953
April 28, 2014
Final Term Sheet
$600,000,000 3.375% Notes due 2024
$400,000,000 4.375% Notes due 2044
| Issuer: | Stryker Corporation | |||
| 2024 Notes |
2044 Notes | |||
| Security Type: | 3.375% Notes due 2024 | 4.375% Notes due 2044 | ||
| Principal Amount: | $600,000,000 | $400,000,000 | ||
| Maturity Date: | May 15, 2024 | May 15, 2044 | ||
| Interest Payment Dates: | Each May 15 and November 15, commencing November 15, 2014 | Each May 15 and November 15, commencing November 15, 2014 | ||
| Coupon (Interest Rate): | 3.375% | 4.375% | ||
| Price to Public: | 99.124% | 99.551% | ||
| Benchmark Treasury: | 2.750% due February 15, 2024 | 3.750% due November 15, 2043 | ||
| Spread to Benchmark Treasury: | T+80 bps | T+95 bps | ||
| Benchmark Treasury Yield: | 2.679% | 3.452% | ||
| Yield to Maturity: | 3.479% | 4.402% | ||
| Redemption: | ||||
| Make-Whole Call: | T+12 bps | T+15 bps | ||
| Par Call: | Beginning on February 15, 2024 | Beginning on November 15, 2043 | ||
| CUSIP / ISIN: | 863667 AF8 US863667 AF81 |
863667 AG6 US863667 AG64 | ||
| Trade Date: | April 28, 2014 | |
| Settlement Date: | May 1, 2014 (T+3) | |
| Joint Book-Running Managers: | Barclays Capital Inc. Goldman, Sachs & Co. Wells Fargo Securities, LLC | |
| Senior Co-Managers: | BNP Paribas Securities Corp. Citigroup Global Markets Inc. J.P. Morgan Securities LLC Merrill Lynch, Pierce, Fenner & Smith Incorporated Morgan Stanley & Co. LLC | |
| Co-Managers: | Mitsubishi UFJ Securities (USA), Inc. HSBC Securities (USA) Inc. Mizuho Securities USA Inc. RBS Securities Inc. The Williams Capital Group, L.P. PNC Capital Markets LLC U.S. Bancorp Investments, Inc. | |
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 or e-mailing Barclays Capital Inc. at 1-888-603-5847 or barclaysprospectus@broadridge.com, Goldman, Sachs & Co. at 1-866-471-2526 or prospectus-ny@ny.email.gs.com or Wells Fargo Securities, LLC toll free at 1-800-326-5897 or cmclientsupport@wellsfargo.com.