FWP

Filed pursuant to Rule 433

Issuer Free Writing Prospectus supplementing the

Preliminary Prospectus Supplement

dated March 19, 2019 and the

Prospectus dated November 1, 2017

Registration No. 333-221265

Pricing Term Sheet

to Preliminary Prospectus Supplement Dated: March 19, 2019

Ingersoll-Rand Luxembourg Finance S.A.

 

Issuer:    Ingersoll-Rand Luxembourg Finance S.A.    Ingersoll-Rand Luxembourg Finance S.A.    Ingersoll-Rand Luxembourg Finance S.A.
Guarantors:   

Ingersoll-Rand plc

 

Ingersoll-Rand Global Holding Company Limited

 

Ingersoll-Rand Lux International Holding Company S.à r.l.

 

Ingersoll-Rand Irish Holdings Unlimited Company

 

Ingersoll-Rand Company

  

Ingersoll-Rand plc

 

Ingersoll-Rand Global Holding Company Limited

 

Ingersoll-Rand Lux International Holding Company S.à r.l.

 

Ingersoll-Rand Irish Holdings Unlimited Company

 

Ingersoll-Rand Company

  

Ingersoll-Rand plc

 

Ingersoll-Rand Global Holding Company Limited

 

Ingersoll-Rand Lux International Holding Company S.à r.l.

 

Ingersoll-Rand Irish Holdings Unlimited Company

 

Ingersoll-Rand Company

Security Description:    Unsecured Senior Notes Due 2026    Unsecured Senior Notes Due 2029   

Unsecured Senior Notes

Due 2049

Principal Amount:    $400,000,000    $750,000,000    $350,000,000
Gross Proceeds:    $399,580,000    $749,257,500    $349,083,000
Coupon:    3.500%    3.800%    4.500%
Maturity:    March 21, 2026    March 21, 2029    March 21, 2049
Offering Price:    99.895%    99.901%    99.738%
Yield to Maturity:    3.517%    3.812%    4.516%
Spread to Treasury:    +100 basis points    +120 basis points    +150 basis points
Benchmark Treasury:    UST 2.500% due February 28, 2026    UST 2.625% due February 15, 2029   

UST 3.375% due

November 15, 2048

Benchmark Treasury Yield:    2.517%    2.612%    3.016%
Expected Ratings(*):    Baa2 / BBB (stable/stable)    Baa2 / BBB (stable/stable)    Baa2 / BBB (stable/stable)
Interest Payment Dates:    March 21 and September 21    March 21 and September 21    March 21 and September 21
First Interest Payment Date:    September 21, 2019    September 21, 2019    September 21, 2019
Record Dates:    March 6 and September 6    March 6 and September 6    March 6 and September 6
Optional Redemption:   

Callable at greater of 100% of principal and make-whole price of T+15 bps

 

Callable at 100% on or after January 21, 2026

  

Callable at greater of 100% of principal and make-whole price of T+20 bps

 

Callable at 100% on or after December 21, 2028

  

Callable at greater of 100% of principal and make-whole price of T+25 bps

 

Callable at 100% on or after September 21, 2048

Tax Redemption:    Callable at 100% of principal    Callable at 100% of principal    Callable at 100% of principal
Change of Control:    Putable at 101% of principal    Putable at 101% of principal    Putable at 101% of principal
Special Mandatory Redemption:    Callable at 101% of principal    Callable at 101% of principal    Callable at 101% of principal
CUSIP:    456873 AE8    456873 AD0    456873AF5


ISIN:    US456873AE85    US456873AD03    US456873AF50
Clearing System:    DTC    DTC    DTC
Minimum Denominations:    $2,000    $2,000    $2,000
Increments:    $1,000    $1,000    $1,000
Trade Date:    March 19, 2019    March 19, 2019    March 19, 2019
Settlement Date:    March 21, 2019 (T+2)    March 21, 2019 (T+2)    March 21, 2019 (T+2)
Joint Book-Running Managers:   

Citigroup Global Markets Inc.

Goldman Sachs & Co. LLC

J.P. Morgan Securities LLC

Merrill Lynch, Pierce, Fenner & Smith

                     Incorporated

BNP Paribas Securities Corp.

Credit Suisse Securities (USA) LLC

Deutsche Bank Securities Inc.

Mizuho Securities USA LLC

MUFG Securities Americas Inc.

  

 

(*) An explanation of the significance of ratings may be obtained from the rating agencies. Generally, rating agencies base their ratings on such material and information, and such of their own investigations, studies and assumptions, as they deem appropriate. The rating of the notes should be evaluated independently from similar ratings of other securities. A credit rating of a security is not a recommendation to buy, sell or hold securities and may be subject to review, revision, suspension, reduction or withdrawal at any time by the assigning rating agency.

Ingersoll Rand plc has filed a registration statement (including a prospectus and prospectus supplement) with the SEC for the offering of notes by Ingersoll-Rand Luxembourg Finance S.A. to which this communication relates. Before you invest, you should read the prospectus and prospectus supplement in that registration statement and other documents Ingersoll Rand plc 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’s website at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus and the prospectus supplement if you request it by calling Citigroup Global Markets Inc. at 1-800-831-9146, Goldman Sachs & Co. LLC at 1-866-471-2526, J.P. Morgan Securities LLC collect at 1-212-834-4533, or Merrill Lynch, Pierce, Fenner & Smith Incorporated at 1-800-294-1322.

This pricing term sheet supplements the preliminary form of Prospectus Supplement issued by Ingersoll-Rand plc on March 19, 2019 relating to its Prospectus dated November 1, 2017.

 

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