# EDGAR Filing Document

**Accession Number:** 0000002969
**File Stem:** 0001193125-23-050999
**Filing Date:** 2023-2
**Character Count:** 6093
**Document Hash:** a7ff5fbe897d0ca64dbb0c3bcc97d1d0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-23-050999.hdr.sgml**: 20230227

**ACCESSION NUMBER**: 0001193125-23-050999

**CONFORMED SUBMISSION TYPE**: FWP

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20230227

**DATE AS OF CHANGE**: 20230227

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Air Products & Chemicals, Inc.
- **CENTRAL INDEX KEY:** 0000002969
- **STANDARD INDUSTRIAL CLASSIFICATION:** INDUSTRIAL INORGANIC CHEMICALS [2810]
- **IRS NUMBER:** 231274455
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** FWP
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 333-250809
- **FILM NUMBER:** 23676648

**BUSINESS ADDRESS:**
- **STREET 1:** 1940 AIR PRODUCTS BLVD.
- **CITY:** ALLENTOWN
- **STATE:** PA
- **ZIP:** 18106-5500
- **BUSINESS PHONE:** 6104814911

**MAIL ADDRESS:**
- **STREET 1:** 1940 AIR PRODUCTS BLVD.
- **CITY:** ALLENTOWN
- **STATE:** PA
- **ZIP:** 18106-5500

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AIR PRODUCTS & CHEMICALS, INC.
- **DATE OF NAME CHANGE:** 20220408

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AIR PRODUCTS & CHEMICALS INC /DE/
- **DATE OF NAME CHANGE:** 19920703
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Air Products & Chemicals, Inc.
- **CENTRAL INDEX KEY:** 0000002969
- **STANDARD INDUSTRIAL CLASSIFICATION:** INDUSTRIAL INORGANIC CHEMICALS [2810]
- **IRS NUMBER:** 231274455
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0930

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

**BUSINESS ADDRESS:**
- **STREET 1:** 1940 AIR PRODUCTS BLVD.
- **CITY:** ALLENTOWN
- **STATE:** PA
- **ZIP:** 18106-5500
- **BUSINESS PHONE:** 6104814911

**MAIL ADDRESS:**
- **STREET 1:** 1940 AIR PRODUCTS BLVD.
- **CITY:** ALLENTOWN
- **STATE:** PA
- **ZIP:** 18106-5500

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AIR PRODUCTS & CHEMICALS, INC.
- **DATE OF NAME CHANGE:** 20220408

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AIR PRODUCTS & CHEMICALS INC /DE/
- **DATE OF NAME CHANGE:** 19920703

**Free Writing Prospectus** 

**Filed Pursuant to Rule 433** 

**Registration Statement No. 333-250809** 

**Dated February 27, 2023** 

**AIR PRODUCTS AND CHEMICALS, INC.** 

**PRICING TERM SHEET** 

**February 27, 2023** 

**$600,000,000 4.800% Notes Due 2033** 

---

| | |
|:---|:---|
| Issuer: | Air Products and Chemicals, Inc. (the "Company") |
| Trade Date: | February 27, 2023 |
| Settlement Date (T+4)\*: | March 3, 2023 |
| Principal Amount: | $600000000 |
| Coupon Rate: | 4.800% per year |
| Interest Payment Dates: | Semi-annually on each March 3 and September 3, commencing on September 3, 2023 |
| Maturity Date: | March 3, 2033 |
| Price to Public: | 99.827% |
| Yield to Maturity: | 4.822% |
| Benchmark Treasury: | 3.500% due February 15, 2033 |
| Benchmark Treasury Price / Yield: | 96-17+ / 3.922% |
| Spread to Benchmark Treasury: | +90 bps |
| Optional Redemption: | Prior to December 3, 2032 at T+15 bps |
|  | On or after December 3, 2032 at 100% |
| Redemption on Change of Control Triggering Event: | If a change of control occurs with a subsequent ratings decline, the Company will offer to repurchase the notes at a purchase price of 101% of the aggregate principal amount of the notes plus accrued and unpaid interest to, but excluding, the date of repurchase. |
| CUSIP/ISIN: | 009158 BF2 / US009158BF29 |
| Offering Format: | SEC Registered |
| Expected Ratings\*\*: | A2 / A (Moody's/S&P) |
| Denominations: | $2,000 x $1,000 |
| Joint Book-Running Managers: | Citigroup Global Markets Inc. |
|  | SMBC Nikko Securities America, Inc. |
|  | J.P. Morgan Securities LLC |
|  | Mizuho Securities USA LLC |
|  | Barclays Capital Inc. |
|  | BofA Securities, Inc. |
|  | Deutsche Bank Securities Inc. |
|  | MUFG Securities Americas Inc.<br> Santander US Capital Markets LLC<br> Standard Chartered Bank |

---

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\* It is expected that delivery of the notes will be made to investors on or about March 3, 2023, which will be the fourth business day following the date hereof (such settlement cycle being referred to as "T+4"). Under Rule 15c6-1 under the Securities Exchange Act of 1934, as amended, 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 prior to two business days before the date of delivery will be required, by virtue of the fact that the notes initially will settle in T+4, to specify an alternative settlement arrangement 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 delivery of the notes should consult their advisors. 

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

**The Company has filed a registration statement (including a prospectus and a preliminary prospectus supplement) with the United States Securities and Exchange Commission (the "SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus and the preliminary prospectus supplement in that registration statement and other documents the Company has filed with the SEC for more complete information about the Company and this offering. You may get these documents for free by visiting EDGAR on the SEC website at <u>www.sec.gov</u>. Alternatively, the Company, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling: Citigroup Global Markets Inc. at 1-800-831-9146; SMBC Nikko Securities America, Inc. at 1-888-868-6856; J.P. Morgan Securities LLC at 1-212-834-4533 or Mizuho Securities USA LLC at 1-866-271-7403.** 

**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.**