FWP
Filed pursuant to Rule 433
Registration Nos. 333-162822 and 333-162822-01
November 3, 2009
Vale Overseas Limited
US$1,000,000,000
6.875% Guaranteed Notes due 2039
     
Issuer:  
Vale Overseas Limited
   
 
Guarantor:  
Vale S.A.
   
 
Title of securities:  
6.875% Guaranteed Notes Due 2039 (the “Securities”)
   
 
Aggregate Principal
Amount: 		 
 
US$1,000,000,000
   
 
Price to Public:  
98.564% of principal amount, plus accrued interest, if any, from November 10, 2009
   
 
Gross Proceeds:  
US$985,640,000
   
 
Annual Interest Rate:  
6.875%
   
 
Maturity:  
November 10, 2039
   
 
Interest Payment Dates:  
payable semi-annually on May 10 and November 10, commencing on May 10, 2010
   
 
Yield to Maturity:  
6.99%
   
 
Benchmark:  
UST 4.25% due May 15, 2039
   
 
Benchmark Yield:  
98-16+, 4.34%
   
 
Spread to Treasury:  
UST + 265 bps
   
 
Pricing Date:  
November 3, 2009
   
 
Settlement Date:  
November 10, 2009
   
 
Ratings*:  
Baa2 / BBB+ / BBB / BBB(high) (Moody’s / Standard & Poor’s / Fitch / DBRS)
   
 
Minimum Denominations:  
US$2,000/US$1,000
   
 
Make-Whole Call Spread  
UST + 40 bps
   
 
Joint book-running
managers: 		 
 
Deutsche Bank Securities Inc.
HSBC Securities (USA) Inc.
   
J.P. Morgan Securities Inc.
   
 
Format:  
SEC-Registered
   
 
Underwriters’ Discount:  
0.30%
   
 
CUSIP:  
91911TAK9

 

 

 

     
ISIN:  
US91911TAK97
   
 
Listing:  
Issuer will apply to list the Securities on the New York Stock Exchange.
* A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time
The issuer and the guarantor have 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 and the guarantor have filed with the SEC for more complete information about the issuer, the guarantor 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, the guarantor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling Deutsche Bank Securities Inc. toll free at 1-800-503-4611, HSBC Securities (USA) Inc. toll free at 1-866-811-8049 or J.P. Morgan Securities Inc. toll free at 1-866-846-2874.