Issuer:
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Ford Motor Company (NYSE: F) | |
Size:
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$4,500,000,000 or $4,950,000,000 if the Underwriters exercise in full their overallotment option |
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Maturity:
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December 15, 2036, unless earlier redeemed, repurchased or converted | |
Interest:
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4.25% per annum, accruing from the settlement date | |
Interest Payment Dates:
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Each December 15 and June 15, commencing June 15, 2007 | |
Closing Price of Common Stock:
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$7.36 per share on December 6, 2006 | |
Conversion Premium:
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25% over NYSE closing price on December 6, 2006 | |
Conversion Price:
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Approximately $9.20 per share of common stock | |
Conversion Rate:
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108.6957 shares of common stock per $1,000 aggregate principal amount of Notes | |
Maximum Conversion Rate:
|
The conversion rate as adjusted will not exceed 135.8696 shares per $1,000 principal amount of Notes, other than on account of proportional adjustments to the conversion rate, as set forth under clauses (1) through (4) under Conversion Rights Conversion Rate Adjustments in the preliminary prospectus supplement. | |
Termination of Conversion Rights:
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The Issuer may elect to terminate the conversion rights, on or after December 20, 2013, as described in the preliminary prospectus supplement. | |
Pricing Date:
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December 6, 2006 (T) | |
Settlement Date:
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December 15, 2006 (T+7) | |
Optional Redemption:
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The Issuer may not redeem the Notes at its option prior to December 20, 2016. Starting on that date and on any business day thereafter, the Issuer may redeem all or any portion of the Notes, for cash, at once or from time to time, as described in the preliminary prospectus supplement. | |
Repurchase at the Option of Holders:
|
On December 20, 2016 and on December 15, 2026, holders of the Notes will have the right, at their option, to require the Issuer to repurchase for cash any or all of their Notes, as described in the preliminary prospectus supplement. |
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Repurchase upon Change in Control:
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Subject to certain exceptions, holders may require the Issuer to purchase for cash all or a portion of their Notes upon a change in control, as described in the preliminary prospectus supplement. | |
Designated Event:
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Subject to certain exceptions, adjustment to conversion ratio upon designated events. See below. | |
Repurchase upon Designated Event:
|
Subject to certain exceptions, holders may also require the Issuer to repurchase Notes upon the occurrence of certain designated events with shares of its common stock (or other consideration), as described in the preliminary prospectus supplement. | |
Price to Public:
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$1,000 per $1,000 principal amount | |
Underwriting Discount:
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2.00% | |
Net Proceeds to Issuer:
|
$4,410,000,000 | |
Minimum Denomination:
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$1,000 and integral multiples thereof. | |
CUSIP:
|
345370 CF 5 | |
ISIN:
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US345370CF51 | |
Underwriters:
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Citigroup Global Markets Inc., Goldman, Sachs & Co., J.P. Morgan Securities Inc., Deutsche Bank Securities Inc., Lehman Brothers Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. Incorporated are joint book-running managers and BNP Paribas Securities Corp. is a joint lead-manager. | |
Recent Developments:
|
On December 6, 2006, Ford Motor Company filed a Current Report on Form 8-K containing a letter to prospective lenders under the new senior secured credit facilities, as described in the preliminary prospectus supplement, describing an increase in the estimated size of the revolving credit portion of the new senior secured credit facilities to between $10.5 billion and $11.5 billion and other expected changes to their terms. The terms and conditions of the new senior secured credit facilities may continue to change. | |
On December 6, 2006, Fitch Ratings downgraded the Issuers senior unsecured ratings to B- from B due to the increase in size of both the new senior secured credit facilities and the Notes being offered. Security ratings are not a recommendation to buy, sell or hold the securities offered hereby. The ratings may be subject to revision or withdrawal at any time. Security ratings included in this free writing prospectus should be evaluated independently of any other security rating. | ||
Adjustment to Conversion Rate upon
Designated Event:
|
The following table sets forth the applicable
price, effective date and number of additional
shares issuable per $1,000 principal amount of Notes upon conversions in connection with a designated event: |
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Effective | ||||||||||||||||||||||||||||||||||||||||||||||||
Date | Applicable Price | |||||||||||||||||||||||||||||||||||||||||||||||
$ | 7.36 | $ | 8.00 | $ | 9.00 | $ | 10.00 | $ | 11.00 | $ | 12.00 | $ | 13.00 | $ | 14.00 | $ | 20.00 | $ | 25.00 | $ | 30.00 | $ | 50.00 | |||||||||||||||||||||||||
December 15, 2006
|
27.1739 | 25.9493 | 21.4781 | 18.1035 | 15.4836 | 13.4012 | 11.7128 | 10.3206 | 5.3971 | 3.4001 | 2.2009 | 0.0000 | ||||||||||||||||||||||||||||||||||||
December 15, 2007
|
27.1739 | 25.6222 | 21.0635 | 17.6504 | 15.0212 | 12.9465 | 11.2757 | 9.9065 | 5.1333 | 3.2269 | 2.0876 | 0.0000 | ||||||||||||||||||||||||||||||||||||
December 15, 2008
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27.1739 | 25.2362 | 20.5592 | 17.0907 | 14.4438 | 12.3741 | 10.7217 | 9.3784 | 4.7863 | 2.9953 | 1.9343 | 0.0000 | ||||||||||||||||||||||||||||||||||||
December 15, 2009
|
27.1739 | 24.9915 | 20.1410 | 16.5763 | 13.8813 | 11.7941 | 10.1435 | 8.8141 | 4.3819 | 2.7131 | 1.7410 | 0.0000 | ||||||||||||||||||||||||||||||||||||
December 15, 2010
|
27.1739 | 24.1951 | 19.1318 | 15.4615 | 12.7291 | 10.6472 | 9.0284 | 7.7468 | 3.6726 | 2.2392 | 1.4276 | 0.0000 | ||||||||||||||||||||||||||||||||||||
December 15, 2011
|
27.1739 | 23.1488 | 17.7625 | 13.9197 | 11.1160 | 9.0392 | 7.4597 | 6.2446 | 2.7029 | 1.6140 | 1.0274 | 0.0000 | ||||||||||||||||||||||||||||||||||||
December 15, 2012
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27.1739 | 21.9141 | 15.9745 | 11.7968 | 8.8114 | 6.6783 | 5.1437 | 4.0346 | 1.4097 | 0.8381 | 0.5479 | 0.0000 | ||||||||||||||||||||||||||||||||||||
December 15, 2013
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27.1739 | 21.1933 | 14.4133 | 9.3503 | 5.4445 | 2.5278 | 0.6971 | 0.1041 | 0.0072 | 0.0017 | 0.0000 | 0.0000 | ||||||||||||||||||||||||||||||||||||
December 15, 2014
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27.1739 | 20.9295 | 13.8798 | 8.8214 | 5.0553 | 2.2484 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | ||||||||||||||||||||||||||||||||||||
December 15, 2015
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27.1739 | 19.3770 | 11.9211 | 7.1020 | 3.8867 | 1.6924 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | ||||||||||||||||||||||||||||||||||||
December 20, 2016
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27.1739 | 16.3043 | 2.4155 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | ||||||||||||||||||||||||||||||||||||
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