# EDGAR Filing Document

**Accession Number:** 0000079879
**File Stem:** 0001193125-25-258512
**Filing Date:** 2025-10
**Character Count:** 6821
**Document Hash:** da780fe7e19d256af773a9a5ade79e5f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-258512.hdr.sgml**: 20251030

**ACCESSION NUMBER**: 0001193125-25-258512

**CONFORMED SUBMISSION TYPE**: FWP

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20251030

**DATE AS OF CHANGE**: 20251030

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PPG INDUSTRIES INC
- **CENTRAL INDEX KEY:** 0000079879
- **STANDARD INDUSTRIAL CLASSIFICATION:** PAINTS, VARNISHES, LACQUERS, ENAMELS & ALLIED PRODUCTS [2851]
- **ORGANIZATION NAME:** 08 Industrial Applications and Services
- **EIN:** 250730780
- **STATE OF INCORPORATION:** PA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** FWP
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 333-270106
- **FILM NUMBER:** 251435494

**BUSINESS ADDRESS:**
- **STREET 1:** ONE PPG PL 40 EAST
- **CITY:** PITTSBURGH
- **STATE:** PA
- **ZIP:** 15272
- **BUSINESS PHONE:** 4124343131

**MAIL ADDRESS:**
- **STREET 1:** ONE PPG PL 40 EAST
- **CITY:** PITTSBURGH
- **STATE:** PA
- **ZIP:** 15272

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PITTSBURGH PLATE GLASS CO
- **DATE OF NAME CHANGE:** 19681219
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PPG INDUSTRIES INC
- **CENTRAL INDEX KEY:** 0000079879
- **STANDARD INDUSTRIAL CLASSIFICATION:** PAINTS, VARNISHES, LACQUERS, ENAMELS & ALLIED PRODUCTS [2851]
- **ORGANIZATION NAME:** 08 Industrial Applications and Services
- **EIN:** 250730780
- **STATE OF INCORPORATION:** PA
- **FISCAL YEAR END:** 1231

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

**BUSINESS ADDRESS:**
- **STREET 1:** ONE PPG PL 40 EAST
- **CITY:** PITTSBURGH
- **STATE:** PA
- **ZIP:** 15272
- **BUSINESS PHONE:** 4124343131

**MAIL ADDRESS:**
- **STREET 1:** ONE PPG PL 40 EAST
- **CITY:** PITTSBURGH
- **STATE:** PA
- **ZIP:** 15272

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PITTSBURGH PLATE GLASS CO
- **DATE OF NAME CHANGE:** 19681219

Free Writing Prospectus

Filed Pursuant to Rule 433

Registration Statement No. 333-270106

**PPG INDUSTRIES, INC.** 

**October 30, 2025** 

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| | |
|:---|:---|
| **Issuer:** | PPG Industries, Inc. |
| **Title of Securities:** | 4.375% Notes due March 15, 2031 |
| **Format:** | SEC Registered |
| **Expected Ratings:\*** | A3/BBB+/BBB+ (Stable/Stable/Stable) (Moody's/S&P/Fitch) |
| **Principal Amount Offered:** | $700000000 |
| **Trade Date:** | October 30, 2025 |
| **Settlement Date (T+2)\*\*:** | November 3, 2025 |
| **Maturity Date:** | March 15, 2031 |
| **Price to Public:** | 99.570% of the principal amount offered |
| **Coupon:** | 4.375% per annum |
| **Yield to Maturity:** | 4.467% |
| **Spread to Benchmark Treasury:** | T+75 bps |
| **Benchmark Treasury:** | 3.625% due September 30, 2030 |
| **Benchmark Treasury Price and Yield:** | 99-18<sup>3</sup>⁄<sub>4</sub> ; 3.717% |
| **Interest Payment Dates:** | Semi-annually in arrears on each March 15 and September 15, commencing on March 15, 2026 |
| **Make-Whole Call:** | Prior to February 15, 2031 at T+15 bps |
| **Par Call:** | On or after February 15, 2031 |
| **CUSIP/ISIN:** | 693506BY2 / US693506BY26 |
| **Joint Book-Running Managers:** | J.P. Morgan Securities LLC<br> Citigroup Global Markets Inc.<br> PNC Capital Markets LLC<br> BofA Securities, Inc.<br> TD Securities (USA) LLC<br> U.S. Bancorp Investments, Inc.<br> Wells Fargo Securities, LLC |
| **Senior Co-Managers:** | BBVA Securities Inc.<br> BNP Paribas Securities Corp.<br> Goldman Sachs & Co. LLC<br> HSBC Securities (USA) Inc.<br> Intesa Sanpaolo IMI Securities Corp.<br> Santander US Capital Markets LLC<br> SG Americas Securities, LLC<br> UniCredit Capital Markets LLC |

---

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---

| | |
|:---|:---|
| **Co-Managers:** | Academy Securities, Inc.<br> ANZ Securities, Inc.<br> BNY Mellon Capital Markets, LLC<br> Danske Markets Inc<br> ICBC Standard Bank Plc<br> ING Financial Markets LLC<br> Morgan Stanley & Co. LLC<br> SEB Securities, Inc<br> Siebert Williams Shank & Co., LLC<br> Standard Chartered Bank<br> Truist Securities, Inc. |

---

**\*** **A credit rating of a security is not a recommendation to buy, sell or hold securities and may be subject to review, revision, suspension, reduction or withdrawal at any time by the assigning rating agency.** 

**\*\*** **We expect to deliver the notes to purchasers on or about November 3, 2025, which will be the second business day following the pricing of the notes (such settlement cycle being herein referred to as "T+2"). Under Rule 15c6-l under the Securities Exchange Act of 1934, as amended, trades in the secondary market generally are required to settle in one business day, unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade the notes prior to the business day preceding the settlement date will be required, by virtue of the fact that the notes initially will settle T+2, 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 prior to the business day preceding the settlement date should consult their own advisor.** 

**This final term sheet supplements, and should be read in conjunction with, the issuer's preliminary prospectus supplement dated October 30, 2025 and accompanying prospectus dated February 28, 2023.** 

**This communication is for informational purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy, any security. No offer to buy securities described herein can be accepted, and no part of the purchase price thereof can be received, unless the person making such investment decision has received and reviewed the information contained in the relevant prospectus in making their investment decisions. 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 supplement and accompanying prospectus related to 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 website 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 LLC collect at 1-212-834-4533, Citigroup Global Markets Inc. toll-free at 1-800-831-9146 or PNC Capital Markets LLC toll-free at 1-855-881-0697.** 

***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.***