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Filed
Pursuant to Rule 433
Registration No. 333-140997 |
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Pricing
Term Sheet
March 14,
2007
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Issuer:
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Freeport-McMoRan
Copper & Gold Inc.
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Security
description:
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Senior
Floating Rate Notes
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Distribution:
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SEC
Registered
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Face
Amount:
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$1,000,000,000
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Gross
proceeds:
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$1,000,000,000
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Net
proceeds to Issuer (before expenses):
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$980,000,000
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Coupon:
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LIBOR
plus 3.25%. “LIBOR” will be the rate (expressed as a percentage per annum)
for deposits in U. S. dollars for a six-month period beginning on
the
first day of the interest period that appears on Telerate Page 3750
as of
11:00 a.m., London time, on the second London banking day preceding
the
first day of the interest period.
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Maturity:
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April
1, 2015
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Offering
Price:
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100%
of face amount
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Ratings:
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B2/B+
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Interest
Payment Dates:
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April
1 and October 1
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First
Interest Payment Date:
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October
1, 2007
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Equity
Clawback:
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Up
to 35% at 100% plus the then-applicable rate of
interest
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Until:
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April
1, 2009
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Optional
redemption:
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Make-whole
call @ T+50 bps prior to April 1, 2009 (assuming that the rate of
interest for the period from the redemption date through April 1,
2009
will be equal to the rate of interest in effect on the date on which
the
applicable notice of redemption is given), then:
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On
or after:
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Price:
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April
1, 2009
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102%
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April
1, 2010
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101%
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April
1, 2011 and thereafter
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100.000%
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Change
of control:
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Putable
at 101% of principal plus accrued interest
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CUSIP:
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35671DAT2
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ISIN:
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US35671DAT28
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Minimum
Denominations/Integral Multiples:
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2,000
x 1,000
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Trade
date:
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March
14, 2007
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Settlement
date:
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T+3;
March 19, 2007
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Bookrunners:
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JPMorgan
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Merrill
Lynch & Co.
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Co-Managers:
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HSBC
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Scotia
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UBS
Investors Bank
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ANZ
Securities, Inc.
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BNP
Paribas Securities Corp.
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Calyon
Securities (USA) Inc.
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Daiwa
Securities SMBC Europe Limited
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Greenwich
Capital Markets, Inc.
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HVB
Capital Markets, Inc.
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ING
Financial Markets LLC
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Mitsubishi
UFJ Securities International plc
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Mizuho
Securities USA, Inc.
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Natexis
Bleichroeder Inc.
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RBC
Capital Markets Corporation
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SG
Americas Securities, LLC
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Standard
Chartered Bank
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WestLB
Securities Inc.
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The
issuer has filed a registration statement (including a prospectus
supplement) with the SEC for the offering to which this communication
relates. Before you invest, you should read the prospectus supplement
and
the 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. 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 supplement if you request it by
calling
J.P. Morgan Securities, Inc. toll-free at
1-800-245-8812.
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