fwp
Filed pursuant to Rule 433
Registration No. 333-139863
February 19, 2009
PRICING TERM SHEET
Snap-on Incorporated
5.850% Notes due 2014
     
Issuer:
   Snap-on Incorporated
 
    
Title:
   5.850% Notes due 2014
 
    
Principal Amount:
   $100,000,000
 
    
Coupon:
   5.850%
 
    
Maturity Date:
   March 1, 2014
 
    
Treasury Benchmark:
   1.750% due 01/31/2014
 
    
US Treasury Yield:
   1.870%
 
    
Spread to Treasury:
   Plus 400 basis points
 
    
Yield to Maturity:
   5.870%
 
    
Price to Public:
   99.912%
 
    
Interest Payment Dates:
   Semi-annually on March 1 and September 1,
 
   commencing on September 1, 2009
 
    
Record Dates:
   February 15 and August 15
 
    
Optional Redemption:
   Make-whole call at any time at Treasury plus
 
   50 basis points
 
    
Change of Control Put:
   101% of principal amount plus accrued interest
 
    
Settlement Date:
   T+3; February 24, 2009
 
    
Expected Ratings:
   Moody’s: A3
 
   S&P: A-
 
    
CUSIP:
   833034 AF8
 
    
Active Book-Running Managers:
   Citigroup Global Markets Inc.
 
   J.P. Morgan Securities Inc.
 
    
Passive Book-Running Managers:
   Mizuho Securities USA Inc.
 
   UBS Securities LLC
 
    
Co-Managers:
   Barclays Capital Inc.
 
   BBVA Securities Inc.
 
   Credit Suisse Securities (USA) LLC
 
   Fifth Third Securities, Inc.
 
   RBC Capital Markets Corporation
 
   Robert W. Baird & Co. Incorporated
 
   SG Americas Securities, LLC
 
   The Williams Capital Group, L.P.
 
   U.S. Bancorp Investments, Inc.

 

 

6.700% Notes due 2019
     
Issuer:
   Snap-on Incorporated
 
    
Title:
   6.700% Notes due 2019
 
    
Principal Amount:
   $200,000,000
 
    
Coupon:
   6.700%
 
    
Maturity Date:
   March 1, 2019
 
    
Treasury Benchmark:
   2.750% due 02/15/2019
 
    
US Treasury Yield:
   2.848%
 
    
Spread to Treasury:
   Plus 387.5 basis points
 
    
Yield to Maturity:
   6.723%
 
    
Price to Public:
   99.832%
 
    
Interest Payment Dates:
   Semi-annually on March 1 and September 1,
 
   commencing on September 1, 2009
 
    
Record Dates:
   February 15 and August 15
 
    
Optional Redemption:
   Make-whole call at any time at Treasury plus
 
   50 basis points
 
    
Change of Control Put:
   101% of principal amount plus accrued interest
 
    
Settlement Date:
   T+3; February 24, 2009
 
    
Expected Ratings:
   Moody’s: A3
 
   S&P: A-
 
    
CUSIP:
   833034 AG6
 
    
Active Book-Running Managers:
   Citigroup Global Markets Inc.
 
   J.P. Morgan Securities Inc.
 
    
Passive Book-Running Managers:
   Mizuho Securities USA Inc.
 
   UBS Securities LLC
 
    
Co-Managers:
   Barclays Capital Inc.
 
   BBVA Securities Inc.
 
   Credit Suisse Securities (USA) LLC
 
   Fifth Third Securities, Inc.
 
   RBC Capital Markets Corporation
 
   Robert W. Baird & Co. Incorporated
 
   SG Americas Securities, LLC
 
   The Williams Capital Group, L.P.
 
   U.S. Bancorp Investments, Inc.
     The security ratings above 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 by the assigning rating organization. Each of the security ratings above should be evaluated independently of any other security 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 the other documents that 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 Citigroup Global Markets Inc. toll-free at 1-877-858-5407, J.P. Morgan Securities Inc. collect at 1-212-834-4533, Mizuho Securities USA Inc. toll-free at 1-800-221-8866 (ext. 3143) or UBS Securities LLC toll-free at 877-827-6444 (ext. 561-3884).