Issuer:
|
Norfolk Southern Corporation
|
|
Principal Amount:
|
$600,000,000
|
|
Expected Ratings (Moody’s/S&P)*:
|
Baa1(stable) / BBB+(stable)
|
|
Format:
|
SEC Registered
|
|
Denominations:
|
$2,000 x $1,000
|
|
Trade Date:
|
March 12, 2012
|
|
Settlement Date:
|
March 15, 2012 (T+3)
|
|
Maturity Date:
|
April 1, 2022
|
|
Interest Payment Dates:
|
April 1 and October 1, commencing October 1, 2012
|
|
Benchmark Treasury:
|
UST 2.000% due February 15, 2022
|
|
Benchmark Treasury Price and Yield:
|
99-25 / 2.024%
|
|
Spread to Benchmark Treasury:
|
T+110 basis points
|
|
Yield to Maturity:
|
3.124%
|
|
Coupon:
|
3.000%
|
|
Public Offering Price:
|
98.937%
|
|
Make-Whole Call:
|
Any time at the following redemption price: (i) if the notes are redeemed prior to the date that is three months prior to the Maturity Date, the greater of 100% or the make-whole amount at a discount rate equal to the applicable Treasury Yield (as defined in the Preliminary Prospectus Supplement) plus 20 basis points, and (ii) if the notes are redeemed on or after the date that is three months prior to the Maturity Date, 100%.
|
|
CUSIP#/ISIN#:
|
655844 BJ6 / US655844BJ66
|
Joint Book-Running Managers:
|
J.P. Morgan Securities LLC
Merrill Lynch, Pierce, Fenner & Smith
Incorporated
Morgan Stanley & Co. LLC
|
|
Co-Managers:
|
PNC Capital Markets LLC
SMBC Nikko Capital Markets Limited
The Williams Capital Group, L.P.
|