Filed pursuant to Rule 433
Registration No. 333-127610
UNITEDHEALTH GROUP INCORPORATED
5.800% NOTES DUE MARCH 15, 2036
FINAL TERM SHEET
Dated February 27, 2006
| Issuer: | UnitedHealth Group Incorporated | |
| Ratings: | A2/A | |
| Security Type: | SEC Registered | |
| Size: | $850,000,000 | |
| Maturity: | March 15, 2036 | |
| Coupon: | 5.800% | |
| Price: | 99.279% of face amount | |
| Yield to maturity: | 5.851% | |
| Spread to Benchmark Treasury: | 1.19% (119 basis points) | |
| Benchmark Treasury: | U.S. Treasury 5.375% due February 15, 2031 | |
| Benchmark Treasury Spot and Yield: | 110-15; 4.661% | |
| Trade Date: | February 27, 2006 | |
| Interest Payment Dates: | March 15 and September 15, commencing September 15, 2006 | |
| Redemption Provisions: | ||
| Make-Whole Call: |
At any time at a discount rate of U.S. Treasury plus | |
| Settlement: | March 2, 2006 (T+3) | |
| CUSIP: | 91324PAR3 | |
| Joint Book-Running Managers: | J.P. Morgan Securities Inc. | |
| Citigroup Global Markets Inc. | ||
| Banc of America Securities LLC | ||
| Co-Managers: | BB&T Capital Markets, a division of Scott and | |
| BNY Capital Markets, Inc. | ||
| Deutsche Bank Securities Inc. | ||
| Fifth Third Securities, Inc. | ||
| Goldman, Sachs & Co. | ||
| KeyBanc Capital Markets, A Division of McDonald | ||
| LaSalle Financial Services, Inc. | ||
| Lazard Capital Markets LLC | ||
| Lehman Brothers Inc. | ||
| Mellon Financial Markets, LLC | ||
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | ||
| Morgan Keegan & Company, Inc. | ||
| NatCity Investments, Inc. | ||
| Piper Jaffray & Co. | ||
| PNC Capital Markets LLC | ||
| Greenwich Capital Markets, Inc. | ||
| The Williams Capital Group, L.P. | ||
| Wachovia Capital Markets, LLC | ||
| Wells Fargo Brokerage Services, LLC |
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 other documents 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 J.P. Morgan Securities Inc. at 1-212-834-4533 (collect) or Citigroup Global Markets Inc. at 1-877-858-5407 (toll free).
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