New Issue: Google prices $1 billion 3.375% 10-year notes at 62.5 bps spread

By Aleesia Forni

Virginia Beach, Feb. 20 - Google Inc. priced a $1 billion issue of 3.375% senior notes due 2024 with a spread of Treasuries plus 62.5 basis points during Thursday's session, according to an informed source and an FWP filed with the Securities and Exchange Commission.

The notes (Aa2/AA/) sold at the tight end of talk.

Pricing was at 99.983 to yield 3.377%.

The bookrunners were Goldman Sachs & Co., Bank of America Merrill Lynch and Morgan Stanley & Co. LLC.

Proceeds are being used for general corporate purposes, which may include the repayment of the company's 1.25% notes due 2014.

The technology company is based in Mountain View, Calif.

Issuer:	Google Inc.
Amount:	$1 billion
Description:	Notes
Maturity:	Feb. 25, 2024
Bookrunners:	Goldman Sachs & Co., Bank of America Merrill Lynch, Morgan Stanley & Co. LLC
Co-managers:	BNP Paribas Securities Corp., Credit Suisse Securities (USA) LLC, Barclays, Citigroup Global Markets Inc., Deutsche Bank Securities Inc., HSBC Securities (USA) Inc., J.P. Morgan Securities LLC, RBS Securities Inc., UBS Securities LLC, Wells Fargo Securities, LLC
Coupon:	3.375%
Price:	99.983
Yield:	3.377%
Spread:	Treasuries plus 62.5 bps
Trade date:	Feb. 20
Settlement date:	Feb. 25
Ratings:	Moody's: Aa2
	Standard & Poor's: AA
Price talk:	Treasuries plus 65 bps, tightened from Treasuries plus 75 bps area
Make-whole call:	Treasuries plus 10 bps
Distribution:	SEC-registered

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