Filed Pursuant to Rule 433
Registration Statement No. 333-177252
October 12, 2011
October 12, 2011
Kohl’s Corporation
Final Term Sheet
4.000% Notes due 2021
| Issuer: | Kohl’s Corporation | |
| Security: | 4.000% Notes due 2021 | |
| Size: | $650,000,000 | |
| Trade Date: | October 12, 2011 | |
| Settlement Date: | October 17, 2011 | |
| Interest Payment Dates: | May 1 and November 1 of each year, beginning May 1, 2012 | |
| Maturity Date: | November 1, 2021 | |
| Coupon (Interest Rate): | 4.000% | |
| Price to Public: | 99.451% | |
| Yield to Maturity: | 4.067% | |
| Spread to Benchmark Treasury: | + 183 bps | |
| Benchmark Treasury: | UST 2.125% due August 15, 2021 | |
| Benchmark Treasury Price and Yield: | 99-00+; 2.237% | |
| Make-Whole Call: | Prior to August 1, 2021, T+30 bps | |
| Par Call: | On or after August 1, 2021 | |
| Expected Ratings:* | Moody’s: Baa1 S&P: BBB+ | |
| CUSIP/ISIN: | 500255 AR5/US500255AR59 | |
| Joint Book-Running Managers: | Merrill Lynch, Pierce, Fenner & Smith Incorporated Morgan Stanley & Co. LLC Wells Fargo Securities, LLC | |
| Co-Managers: | U.S. Bancorp Investments, Inc. J.P. Morgan Securities LLC UBS Securities LLC Goldman, Sachs & Co. BMO Capital Markets Corp. BNY Mellon Capital Markets, LLC Capital One Southcoast, Inc. Comerica Securities, Inc. Fifth Third Securities, Inc. PNC Capital Markets LLC Mitsubishi UFJ Securities (USA), Inc. TD Securities (USA) LLC The Williams Capital Group, L.P. | |
*Note: A securities rating is not a recommendation to buy, sell or hold these notes. Each rating may be subject to revision or withdrawal at any time, and should be evaluated independently of any other rating.
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 Merrill Lynch, Pierce, Fenner & Smith Incorporated at 1-800-294-1322, Morgan Stanley & Co. LLC at 1-866-718-1649 or Wells Fargo Securities, LLC at 1-800-326-5897.
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