FWP

Filed Pursuant to Rule 433
Registration No. 333-186715

CSX Corporation

PRICING TERM SHEET

October 15, 2015

$600,000,000 3.350% Notes due 2025 (the “Notes”)

 

Issuer:

   CSX Corporation

Ratings*:

   Baa1 / BBB+

Security:

   3.350% Notes due 2025

Size:

   $600,000,000

Maturity Date:

   November 1, 2025

Coupon:

   3.350%

Interest Payment Dates:

   May 1 and November 1, commencing May 1, 2016

Price to Public:

   99.763%

Benchmark Treasury:

   2.000% due August 15, 2025

Benchmark Treasury Yield:

   2.028%

Spread to Benchmark Treasury: 

   + 135 bps

Yield:

   3.378%

Make-Whole Call:

   T + 20 bps

Par Call:

   Within three months prior to the maturity date

Expected Settlement Date:

   October 20, 2015 (T+3)

CUSIP / ISIN:

   126408 HD8 / US126408HD82

Joint Book-Running Managers:

  

Citigroup Global Markets Inc.

J.P. Morgan Securities LLC

Morgan Stanley & Co. LLC

Senior Co-Managers:

  

Credit Suisse Securities (USA) LLC

Mizuho Securities USA Inc.

UBS Securities LLC

Co-Managers:

  

Mitsubishi UFJ Securities (USA), Inc.

PNC Capital Markets LLC

The Williams Capital Group, L.P.

*Note: 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 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 Citigroup Global Markets Inc. toll free at 1-800-831-9146, J.P. Morgan Securities LLC collect at 1-212-834-4533 or Morgan Stanley & Co. LLC toll free at 1-866-718-1649.