# EDGAR Filing Document

**Accession Number:** 0001166691
**File Stem:** 0000950103-23-001968
**Filing Date:** 2023-2
**Character Count:** 7284
**Document Hash:** 805a7cfaf79e2f586709c6af50c095ea
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000950103-23-001968.hdr.sgml**: 20230207

**ACCESSION NUMBER**: 0000950103-23-001968

**CONFORMED SUBMISSION TYPE**: FWP

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20230207

**DATE AS OF CHANGE**: 20230207

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** COMCAST CORP
- **CENTRAL INDEX KEY:** 0001166691
- **STANDARD INDUSTRIAL CLASSIFICATION:** CABLE & OTHER PAY TELEVISION SERVICES [4841]
- **IRS NUMBER:** 270000798
- **STATE OF INCORPORATION:** PA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** FWP
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 333-266390
- **FILM NUMBER:** 23595430

**BUSINESS ADDRESS:**
- **STREET 1:** ONE COMCAST CENTER
- **CITY:** PHILADELPHIA
- **STATE:** PA
- **ZIP:** 19103-2838
- **BUSINESS PHONE:** 215-286-1700

**MAIL ADDRESS:**
- **STREET 1:** ONE COMCAST CENTER
- **CITY:** PHILADELPHIA
- **STATE:** PA
- **ZIP:** 19103-2838

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AT&T COMCAST CORP
- **DATE OF NAME CHANGE:** 20020206
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** COMCAST CORP
- **CENTRAL INDEX KEY:** 0001166691
- **STANDARD INDUSTRIAL CLASSIFICATION:** CABLE & OTHER PAY TELEVISION SERVICES [4841]
- **IRS NUMBER:** 270000798
- **STATE OF INCORPORATION:** PA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** FWP

**BUSINESS ADDRESS:**
- **STREET 1:** ONE COMCAST CENTER
- **CITY:** PHILADELPHIA
- **STATE:** PA
- **ZIP:** 19103-2838
- **BUSINESS PHONE:** 215-286-1700

**MAIL ADDRESS:**
- **STREET 1:** ONE COMCAST CENTER
- **CITY:** PHILADELPHIA
- **STATE:** PA
- **ZIP:** 19103-2838

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AT&T COMCAST CORP
- **DATE OF NAME CHANGE:** 20020206

**Filed Pursuant to Rule 433<br> Registration Statement Number 333-266390<br> February 7, 2023**

**COMCAST CORPORATION**

**$1,000,000,000 4.650% NOTES DUE 2033**

**Final Term Sheet**

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| | |
|:---|:---|
| Issuer | Comcast Corporation (the "**Company**") |
| Guarantors | Comcast Cable Communications, LLC and NBCUniversal Media, LLC |
| Issue of Securities | 4.650% Notes due 2033 |
| Denominations | $2,000 and multiples of $1,000 in excess thereof |
| Use of Proceeds | The Company intends to allocate an amount equal to the net proceeds from this offering, after deducting the underwriting commission, fees and expenses, to the financing or refinancing, in whole or in part, of one or more Eligible Green Investments. |
| Indenture | Indenture dated as of September 18, 2013 by and among the Company, the guarantors named therein and The Bank of New York Mellon, as trustee (the "**Trustee**"), as amended by the First Supplemental Indenture dated as of November 17, 2015 by and among the Company, the guarantors named therein and the Trustee and as further amended by the Second Supplemental Indenture dated as of July 29, 2022 by and among the Company, the guarantors named therein and the Trustee. |
| Trustee | The Bank of New York Mellon |
| Expected Ratings<sup>1</sup> | Moody's: A3; S&P: A-; Fitch: A- |
| Joint Book-Running Managers | BofA Securities, Inc.<br> Academy Securities, Inc.<br> Loop Capital Markets LLC<br> Samuel A. Ramirez & Company, Inc.<br> Siebert Williams Shank & Co., LLC |
| Co-Managers | American Veterans Group, PBC<br> Bancroft Capital, LLC<br> Blaylock Van, LLC<br> Cabrera Capital Markets LLC<br> CastleOak Securities, L.P.<br> C.L. King & Associates, Inc.<br> Drexel Hamilton, LLC<br> Mischler Financial Group, Inc. <br> R. Seelaus & Co., LLC<br> Telsey Advisory Group LLC |

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__________________

<sup>1</sup> **A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.**

---

| | |
|:---|:---|
| Trade Date | February 7, 2023 |
| Settlement Date | February 9, 2023 (T+2) |
| Aggregate Principal Amount | $1000000000 |
| Maturity Date | February 15, 2033 |
| Interest Rate | 4.650% per annum, accruing from February 9, 2023 (calculated on the basis of a 360-day year consisting of twelve 30-day months) |
| Interest Payment Dates | February 15 and August 15, commencing August 15, 2023 |
| Benchmark Treasury | UST 4.125% due November 15, 2032 |
| Benchmark Treasury Price/Yield | 103-24+ / 3.662% |
| Spread to Benchmark Treasury | +100 bps |
| Yield to Maturity | 4.662% |
| Optional Redemption | &nbsp;&nbsp; Prior to November 15, 2032 (three (3) months prior to the maturity date of the 4.650% Notes due 2033) (the "**Par Call Date**"), the Company may redeem the 4.650% Notes due 2033 at its option, in whole or in part, at any time and from time to time, at a redemption price (expressed as a percentage of the principal amount and rounded to three decimal places) equal to the greater of: (1) (a) the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted to the redemption date (assuming that the 4.650% Notes due 2033 matured on the Par Call Date) on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 15 basis points, less (b) interest accrued to the date of redemption, and (2) 100% of the principal amount of the 4.650% Notes due 2033 to be redeemed, plus, in either case, accrued and unpaid interest thereon to the redemption date.<br>On or after the Par Call Date, the Company may redeem the 4.650% Notes due 2033, in whole or in part, at any time and from time to time, at a redemption price equal to 100% of the principal amount of the 4.650% Notes due 2033 being redeemed plus accrued and unpaid interest thereon to the redemption date. |
| Additional Issuances | An unlimited amount of additional 4.650% Notes due 2033 may be issued. The 4.650% Notes due 2033 and any additional 4.650% Notes due 2033 that may be issued may be treated as a single series for all purposes under the Indenture. |
| CUSIP / ISIN | 20030N EC1 / US20030NEC11 |
| Public Offering Price | 99.904% plus accrued interest, if any, from February 9, 2023 |
| Underwriters' Discount | 0.400% |
| Net Proceeds to Comcast, Before Expenses | 99.504% per $1,000 principal amount of 4.650% Notes due 2033; $995,040,000 total |

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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 <u>www.sec.gov</u>. 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 BofA Securities, Inc. at 800-294-1322, Academy Securities, Inc. at 646-736-3995, Loop Capital Markets at 312-913-4900, Samuel A. Ramirez & Company, Inc. at 800-888-4086 and Siebert Williams Shank & Co., LLC at 212-830-4536.

**Any disclaimer or other notice that may appear below is not applicable to this communication and should be disregarded. Such disclaimer or notice was automatically generated as a result of this communication being sent by Bloomberg or another email system.**