# EDGAR Filing Document

**Accession Number:** 0000353394
**File Stem:** 0001193125-23-041196
**Filing Date:** 2023-2
**Character Count:** 6216
**Document Hash:** e0aae456b2f2ee052855d9e4b9b6eda5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-23-041196.hdr.sgml**: 20230216

**ACCESSION NUMBER**: 0001193125-23-041196

**CONFORMED SUBMISSION TYPE**: FWP

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20230216

**DATE AS OF CHANGE**: 20230216

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Leidos, Inc.
- **CENTRAL INDEX KEY:** 0000353394
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN [7373]
- **IRS NUMBER:** 953630868
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0131

**FILING VALUES:**
- **FORM TYPE:** FWP
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 333-269820-01
- **FILM NUMBER:** 23639410

**BUSINESS ADDRESS:**
- **STREET 1:** 1750 PRESIDENTS STREET
- **CITY:** RESTON
- **STATE:** VA
- **ZIP:** 20190
- **BUSINESS PHONE:** 571-526-6000

**MAIL ADDRESS:**
- **STREET 1:** 1750 PRESIDENTS STREET
- **CITY:** RESTON
- **STATE:** VA
- **ZIP:** 20190

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SCIENCE APPLICATIONS INTERNATIONAL CORP
- **DATE OF NAME CHANGE:** 19920703
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Leidos Holdings, Inc.
- **CENTRAL INDEX KEY:** 0001336920
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN [7373]
- **IRS NUMBER:** 203562868
- **FISCAL YEAR END:** 1230

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

**BUSINESS ADDRESS:**
- **STREET 1:** 1750 PRESIDENTS STREET
- **CITY:** RESTON
- **STATE:** VA
- **ZIP:** 20190
- **BUSINESS PHONE:** 571-526-6000

**MAIL ADDRESS:**
- **STREET 1:** 1750 PRESIDENTS STREET
- **CITY:** RESTON
- **STATE:** VA
- **ZIP:** 20190

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SAIC, Inc.
- **DATE OF NAME CHANGE:** 20050823

**Filed Pursuant to Rule 433** 

**Registration No. 333-269820** 

**Issuer Free Writing Prospectus dated February 16, 2023** 

**Relating to Preliminary Prospectus Supplement dated February 16, 2023** 

**LEIDOS, INC.** 

**$750,000,000 5.750% NOTES DUE 2033** 

**PRICING TERM SHEET** 

**February 16, 2023** 

---

| | |
|:---|:---|
|  Issuer: | Leidos, Inc. |
|  Guarantor: | Leidos Holdings, Inc. |
|  Security Description: | 5.750% Notes due 2033 |
|  Principal Amount: | $750000000 |
|  Maturity Date: | March 15, 2033 |
|  Benchmark Treasury: | 3.500% due February 15, 2033 |
|  Benchmark Treasury Price and Yield: | 97-05+ / 3.843% |
|  Spread to Benchmark Treasury: | +200 bps |
|  Yield to Maturity: | 5.843% |
|  Coupon: | 5.750% |
|  Interest Payment Dates: | Semi-annually on March 15 and September 15, commencing on September 15, 2023 |
|  Initial Price to Public: | 99.297% |
|  Gross Proceeds to the Issuer: | $744727500 |
|  Optional Redemption Provision:  | Prior to December 15, 2032 (three months prior to the maturity date of the Notes) (the "Par Call Date"), at a redemption price equal to the greater of (i) the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted to the redemption date (assuming the Notes matured on the Par Call Date) at the Treasury Rate + 30 basis points and (ii) 100% of the principal amount of the Notes to be redeemed.<br>On and after the Par Call Date, at a redemption price equal to 100% of the principal amount of the redeemed Notes. |
|  Day Count Convention: | 30/360 |
|  CUSIP / ISIN: | 52532X AJ4 / US52532XAJ46 |
|  Ratings\*: | Baa2 / BBB- (Moody's / S&P) |
|  Trade Date: | February 16, 2023 |

---

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---

| | |
|:---|:---|
|  Settlement Date\*\*: | February 28, 2023 (T+7) |
|  Denominations: | $2,000 and integral multiples of $1,000 in excess thereof |
|  Joint Book-Running Managers: | BofA Securities, Inc.<br> Citigroup Global Markets Inc.<br> MUFG Securities Americas Inc.<br> Capital One Securities, Inc.<br> J.P. Morgan Securities LLC<br> PNC Capital Markets LLC<br> Scotia Capital (USA) Inc.<br> SMBC Nikko Securities America, Inc.<br> U.S. Bancorp Investments, Inc. |
|  Co-Managers: | BMO Capital Markets Corp.<br> Fifth Third Securities, Inc.<br> Goldman Sachs & Co. LLC<br> Regions Securities LLC<br> TD Securities (USA) LLC |

---

**\*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.** 

**\*\*Note: It is expected that delivery of the Notes will be made against payment therefor on or about February 28, 2023, which will be the seventh business day following the date hereof (this settlement cycle being referred to as "T+7"). Under Rule 15c6-1 of the Securities Exchange Act of 1934, trades in the secondary market generally are required to settle in two business days, unless the parties to a trade expressly agree otherwise. Accordingly, purchasers who wish to trade the Notes on any day prior to two business days before delivery will be required to specify alternative settlement arrangements at the time of any such trade to prevent a failed settlement and should consult their own advisors.** 

**This communication is intended for the sole use of the person to whom it is provided by us.** 

**The issuer and guarantor have filed a registration statement (including a prospectus) with the U.S. Securities and Exchange Commission (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 and guarantor have filed with the SEC for more complete information about the issuer, the guarantor and this offering. You may get these documents for free by visiting EDGAR on the SEC website at *www.sec.gov*. Alternatively, the issuer, the guarantor, any underwriter or any dealer participating in this offering will arrange to send you a copy of the prospectus if you request it by calling BofA Securities, Inc. toll-free at 1-800-294-1322, Citigroup Global Markets Inc. toll-free at 1-800-831-9146 or MUFG Securities Americas Inc. toll free at 1-877-649-6848.** 

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