# EDGAR Filing Document

**Accession Number:** 0001067983
**File Stem:** 0001193125-25-281840
**Filing Date:** 2025-11
**Character Count:** 7110
**Document Hash:** 2a1311d93e96c56a420544f8f17659cd
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-281840.hdr.sgml**: 20251114

**ACCESSION NUMBER**: 0001193125-25-281840

**CONFORMED SUBMISSION TYPE**: FWP

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20251114

**DATE AS OF CHANGE**: 20251114

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BERKSHIRE HATHAWAY INC
- **CENTRAL INDEX KEY:** 0001067983
- **STANDARD INDUSTRIAL CLASSIFICATION:** FIRE, MARINE & CASUALTY INSURANCE [6331]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 470813844
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** FWP
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 333-284622
- **FILM NUMBER:** 251481769

**BUSINESS ADDRESS:**
- **STREET 1:** 3555 FARNAM STREET
- **CITY:** OMAHA
- **STATE:** NE
- **ZIP:** 68131
- **BUSINESS PHONE:** 4023461400

**MAIL ADDRESS:**
- **STREET 1:** 3555 FARNAM STREET
- **CITY:** OMAHA
- **STATE:** NE
- **ZIP:** 68131

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NBH INC
- **DATE OF NAME CHANGE:** 19980810
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BERKSHIRE HATHAWAY INC
- **CENTRAL INDEX KEY:** 0001067983
- **STANDARD INDUSTRIAL CLASSIFICATION:** FIRE, MARINE & CASUALTY INSURANCE [6331]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 470813844
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

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

**BUSINESS ADDRESS:**
- **STREET 1:** 3555 FARNAM STREET
- **CITY:** OMAHA
- **STATE:** NE
- **ZIP:** 68131
- **BUSINESS PHONE:** 4023461400

**MAIL ADDRESS:**
- **STREET 1:** 3555 FARNAM STREET
- **CITY:** OMAHA
- **STATE:** NE
- **ZIP:** 68131

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NBH INC
- **DATE OF NAME CHANGE:** 19980810

Filed Pursuant to Rule 433

Registration Statement No. 333-284622

Pricing Term Sheet

**¥210,100,000,000** 

**BERKSHIRE HATHAWAY INC.** 

**Pricing Term Sheet** 

**¥123,700,000,000 1.510% Senior Notes due 2028** 

**¥53,300,000,000 1.826% Senior Notes due 2030** 

**¥26,100,000,000 2.422% Senior Notes due 2035** 

**¥7,000,000,000 2.810% Senior Notes due 2040** 

---

| | |
|:---|:---|
| **Issuer:** | Berkshire Hathaway Inc. |
| **Offering Format:** | SEC Registered |
| **Trade Date:** | November 14, 2025 |
| **Settlement Date:** | November 20, 2025 (T+4 Tokyo business days) |
| **Expected Ratings\*:** | Aa2/AA (Stable/Stable) |
| **Title of Securities:** | 1.510% Senior Notes due 2028 (the "2028 Notes")<br> 1.826% Senior Notes due 2030 (the "2030 Notes")<br> 2.422% Senior Notes due 2035 (the "2035 Notes")<br> 2.810% Senior Notes due 2040 (the "2040 Notes") |
| **Aggregate Principal Amount:** | ¥123,700,000,000 (2028 Notes)<br> ¥53,300,000,000 (2030 Notes)<br> ¥26,100,000,000 (2035 Notes)<br> ¥7,000,000,000 (2040 Notes) |
| **Maturity Date:** | November 29, 2028 (2028 Notes)<br> November 29, 2030 (2030 Notes)<br> November 29, 2035 (2035 Notes)<br> November 29, 2040 (2040 Notes) |
| **Issue Price (Price to Public):** | 100% of face amount (2028 Notes)<br> 100% of face amount (2030 Notes)<br> 100% of face amount (2035 Notes)<br> 100% of face amount (2040 Notes) |
| **Gross Spread:** | 10 bps (2028 Notes)<br> 15 bps (2030 Notes)<br> 25 bps (2035 Notes)<br> 40 bps (2040 Notes) |

---

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| | |
|:---|:---|
| **Proceeds to Issuer:** | ¥209,803,100,000 |
| **Interest Rate:** | 1.510% per annum (2028 Notes)<br> 1.826% per annum (2030 Notes)<br> 2.422% per annum (2035 Notes)<br> 2.810% per annum (2040 Notes) |
| **Reference Rate:** | 1.030% (2028 Notes)<br> 1.186% (2030 Notes)<br> 1.522% (2035 Notes)<br> 1.900% (2040 Notes) |
| **Spread to Reference Rate:** | 48 bps (2028 Notes)<br> 64 bps (2030 Notes)<br> 90 bps (2035 Notes)<br> 91 bps (2040 Notes) |
| **Yield:** | 1.510% (2028 Notes)<br> 1.826% (2030 Notes)<br> 2.422% (2035 Notes)<br> 2.810% (2040 Notes) |
| **Day Count Convention:** | 30/360 |
| **Interest Payment Dates:** | Semi-annually on May 29 and November 29 of each year commencing May 29, 2026 (and the Maturity Date)<br>1.510% 2028 Notes<sup>+</sup><br> 1.826% 2030 Notes<sup>+</sup><br> 2.422% 2035 Notes<sup>+</sup><br> 2.810% 2040 Notes<sup>+</sup><br><sup>+</sup> Long first coupon |
| **Par Call:** | No Par Call (2028 Notes)<br> On or after October 29, 2030 (2030 Notes)<br> On or after August 29, 2035 (2035 Notes)<br> No Par Call (2040 Notes) |
| **Minimum Denomination:** | ¥100,000,000 and integral multiples of ¥10,000,000 in excess thereof |
| **CUSIP:** | 084670 EY0 (2028 Notes)<br> 084670 EZ7 (2030 Notes)<br> 084670 FA1 (2035 Notes)<br> 084670 FB9 (2040 Notes) |

---

------

---

| | |
|:---|:---|
| **Common Code:** | 322733810 (2028 Notes)<br> 322733828 (2030 Notes)<br> 322733852 (2035 Notes)<br> 322733879 (2040 Notes) |
| **ISIN:** | XS3227338103 (2028 Notes)<br> XS3227338285 (2030 Notes)<br> XS3227338525 (2035 Notes)<br> XS3227338798 (2040 Notes) |
| **Paying Agent:** | The Bank of New York Mellon, London Branch |
| **Listing:** |  |
| **Joint Book-Running Managers:** | Mizuho Securities USA LLC<br> Merrill Lynch International |

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\* 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.

UK MiFIR professionals/ECPs-only/No EEA or UK PRIIPs KID: Manufacturer target market (UK MiFIR product governance) is eligible counterparties and professional clients only (all distribution channels). No EEA or UK PRIIPs key information document (KID) has been prepared as the Securities are not available to retail investors in the EEA or in the United Kingdom, respectively.

Settlement Period: The closing will occur on November 20, 2025, which will be more than one Tokyo business day after the date of this pricing term sheet. Rule 15c6-1 under the Securities Exchange Act of 1934 generally requires that securities trades in the secondary market settle in one business day, unless the parties to a trade expressly agree otherwise. Accordingly, purchasers who wish to trade the notes prior to the business day before the delivery of the notes will be required, by virtue of the fact that the Securities initially will settle in T+4, to specify an alternative settlement cycle at the time of any such trade to prevent failed settlement. Purchasers of the notes who wish to trade the notes prior to the business day before the delivery of the notes should consult their own advisors.

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 Mizuho Securities USA LLC toll-free at (866) 271-7403 or Merrill Lynch International toll-free at +1-800-294-1322.