FWP

Issuer Free Writing Prospectus filed pursuant to Rule 433

Supplementing the Preliminary Prospectus Supplement dated July 6, 2020

(to Prospectus dated October 19, 2017)

Registration No. 333-221020

July 6, 2020

 

LOGO

JABIL INC.

 

Pricing Supplement

 

Pricing Supplement dated July 6, 2020 to Preliminary Prospectus Supplement dated July 6, 2020 of Jabil Inc. This Pricing Supplement is qualified in its entirety by reference to the Preliminary Prospectus Supplement. The information in this Pricing Supplement supplements the Preliminary Prospectus Supplement and supersedes the information in the Preliminary Prospectus Supplement to the extent it is inconsistent with the information in the Preliminary Prospectus Supplement. Capitalized terms used in this Pricing Supplement but not defined have the meanings given them in the Preliminary Prospectus Supplement.

Issuer

   Jabil Inc.

Title of Security

   3.000% Senior Notes due 2031

Aggregate Principal Amount

   $600,000,000

Maturity Date

   January 15, 2031

Public Offering Price

   99.278%, plus accrued interest, if any, from July 13, 2020

Coupon

   3.000%

Yield to Maturity

   3.081%

Spread to Benchmark Treasury

   +240 bps

Benchmark Treasury

   0.625% due May 15, 2030

Benchmark Treasury Price and Yield

   99-15 / 0.681%

Interest Payment Dates

   January 15 and July 15 of each year, beginning January 15, 2021

Record Dates

   January 1 and July 1

Optional Redemption

   Prior to October 15, 2030, make-whole call at T+ 40 bps. Par call on or after October 15, 2030

Change of Control Repurchase Event

   101%, plus accrued and unpaid interest, if any, to, but excluding, the date of repurchase

 

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Gross Proceeds

   $595,668,000

Net Proceeds to Issuer before Expenses

   $591,768,000

Trade Date

   July 6, 2020

Settlement Date

   July 13, 2020 (T+5). The Issuer expects that delivery of the notes will be made to investors on or about July 13, 2020, which will be the fifth business day following the date of the prospectus supplement (such settlement being referred to as “T+5”). Under Rule 15c6-1 under the Securities Exchange Act of 1934, trades in the secondary market are required to settle in two business days, unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade the notes on the date of pricing or the next two business days will be required, by virtue of the fact that the notes initially settle in T+5, to specify an alternate settlement cycle at the time of any such trade to prevent a failed settlement. Purchasers of the notes who wish to trade the notes on the date of pricing or the next two business days should consult their own advisors.

Joint Book-Running Managers

  

BNP Paribas Securities Corp.

Citigroup Global Markets Inc.

Mizuho Securities USA LLC

SMBC Nikko Securities America, Inc.

BofA Securities, Inc.

J.P. Morgan Securities LLC

MUFG Securities Americas Inc.

U.S. Bancorp Investments, Inc.

Senior Co-Managers

  

Credit Agricole Securities (USA) Inc.

HSBC Securities (USA) Inc.

Loop Capital Markets LLC

PNC Capital Markets LLC

Santander Investment Securities Inc.

Siebert Williams Shank & Co., LLC

Standard Chartered Bank

Wells Fargo Securities, LLC

Co-Managers

  

ICBC Standard Bank Plc

RBC Capital Markets, LLC

Scotia Capital (USA) Inc.

Denominations

   $2,000 and integral multiples of $1,000 in excess thereof

CUSIP/ISIN Numbers

  

CUSIP:  466313 AK9

ISIN:  US466313AK92

Offering Format

   SEC Registered (Registration No. 333-221020)

FREE WRITING PROSPECTUS LEGEND

JABIL INC. HAS FILED A REGISTRATION STATEMENT (INCLUDING A PROSPECTUS AND PRELIMINARY PROSPECTUS SUPPLEMENT) WITH THE SECURITIES AND EXCHANGE COMMISSION (THE “SEC”) FOR THE OFFERING TO WHICH THIS COMMUNICATION RELATES. BEFORE YOU INVEST, YOU SHOULD READ THE PROSPECTUS (INCLUDING THE PROSPECTUS SUPPLEMENT) IN THAT

 

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REGISTRATION STATEMENT AND OTHER DOCUMENTS JABIL INC. HAS FILED WITH THE SEC FOR MORE COMPLETE INFORMATION ABOUT JABIL INC. AND THE OFFERING. YOU MAY GET THESE DOCUMENTS FOR FREE BY VISITING THE SEC WEB SITE AT WWW.SEC.GOV. ALTERNATIVELY, JABIL INC., THE UNDERWRITERS OR ANY DEALER PARTICIPATING IN THE OFFERING WILL ARRANGE TO SEND YOU THE PROSPECTUS AND APPLICABLE PROSPECTUS SUPPLEMENT IF YOU REQUEST THEM FROM: BNP PARIBAS SECURITIES CORP., BY CALLING (800)-854-5674, CITIGROUP GLOBAL MARKETS INC., PROSPECTUS@CITI.COM; OR BY CALLING (800) 831-9146, MIZUHO SECURITIES USA LLC, BY CALLING (212) 205-7543 OR SMBC NIKKO SECURITIES AMERICA, INC., PROSPECTUS@SMBCNIKKO-SI.COM OR BY CALLING (888) 868-6856.

ANY DISCLAIMERS OR OTHER NOTICES THAT MAY APPEAR BELOW ARE NOT APPLICABLE TO THIS COMMUNICATION AND SHOULD BE DISREGARDED. SUCH DISCLAIMERS OR OTHER NOTICES WERE AUTOMATICALLY GENERATED AS A RESULT OF THIS COMMUNICATION BEING SENT VIA BLOOMBERG OR ANOTHER EMAIL SYSTEM.

 

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