Issuer:
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Norfolk Southern Corporation
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Principal Amount:
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$400,000,000
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Format:
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SEC Registered
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Denominations:
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$2,000 x $1,000
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Trade Date:
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November 18, 2013
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Settlement Date:
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November 21, 2013 (T+3)
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Maturity Date:
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January 15, 2024
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Interest Payment Dates:
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January 15 and July 15, commencing July 15, 2014
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Benchmark Treasury:
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2.75% due November 15, 2023
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Benchmark Treasury Price / Yield:
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100-20+ / 2.676%
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Spread to Benchmark Treasury:
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T+118 basis points
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Yield to Maturity:
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3.856%
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Coupon:
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3.850%
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Public Offering Price:
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99.943%
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Make-Whole Call:
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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%.
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CUSIP# / ISIN#:
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655844 BP2 / US655844 BP27
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Joint Book-Running Managers:
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Citigroup Global Markets Inc.
Goldman, Sachs & Co.
Wells Fargo Securities, LLC
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Co-Managers:
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Fifth Third Securities, Inc.
Mitsubishi UFJ Securities (USA), Inc.
U.S. Bancorp Investments, Inc.
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