# EDGAR Filing Document

**Accession Number:** 0001413329
**File Stem:** 0001104659-25-055963
**Filing Date:** 2025-6
**Character Count:** 7919
**Document Hash:** aac0dd09063b3763c823dd218cce1ebe
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-25-055963.hdr.sgml**: 20250603

**ACCESSION NUMBER**: 0001104659-25-055963

**CONFORMED SUBMISSION TYPE**: FWP

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20250603

**DATE AS OF CHANGE**: 20250603

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Philip Morris International Inc.
- **CENTRAL INDEX KEY:** 0001413329
- **STANDARD INDUSTRIAL CLASSIFICATION:** CIGARETTES [2111]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 133435103
- **STATE OF INCORPORATION:** VA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** FWP
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 333-269690
- **FILM NUMBER:** 251019419

**BUSINESS ADDRESS:**
- **STREET 1:** 677 WASHINGTON BLVD, STE. 1100
- **CITY:** STAMFORD
- **STATE:** CT
- **ZIP:** 06901
- **BUSINESS PHONE:** 203-905-2410

**MAIL ADDRESS:**
- **STREET 1:** 677 WASHINGTON BLVD, STE. 1100
- **CITY:** STAMFORD
- **STATE:** CT
- **ZIP:** 06901
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Philip Morris International Inc.
- **CENTRAL INDEX KEY:** 0001413329
- **STANDARD INDUSTRIAL CLASSIFICATION:** CIGARETTES [2111]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 133435103
- **STATE OF INCORPORATION:** VA
- **FISCAL YEAR END:** 1231

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

**BUSINESS ADDRESS:**
- **STREET 1:** 677 WASHINGTON BLVD, STE. 1100
- **CITY:** STAMFORD
- **STATE:** CT
- **ZIP:** 06901
- **BUSINESS PHONE:** 203-905-2410

**MAIL ADDRESS:**
- **STREET 1:** 677 WASHINGTON BLVD, STE. 1100
- **CITY:** STAMFORD
- **STATE:** CT
- **ZIP:** 06901

**Filed Pursuant to Rule 433**

**Registration No. 333-269690**

**FINAL TERM SHEET**

**Philip Morris International Inc.**

**Dated June 3, 2025**

2.750% Notes due 2029

3.250% Notes due 2032

---

| | |
|:---|:---|
| **Issuer** **:** | Philip Morris International Inc. |
| **Offering Format:** | SEC Registered |
| **Security** **:** | 2.750% Notes due 2029 (the "<u>2029 Notes</u>")<br> 3.250% Notes due 2032 (the "<u>2032 Notes</u>") |
| **Aggregate Principal Amount:** | 2029 Notes: €500,000,000<br> 2032 Notes: €500,000,000 |
| **Maturity Date:** | 2029 Notes: June 6, 2029<br> 2032 Notes: June 6, 2032 |
| **Coupon:** | 2029 Notes: 2.750% <br> 2032 Notes: 3.250% |
| **Interest Payment Dates:** | 2029 Notes: Annually on June 6, commencing June 6, 2026 <br> 2032 Notes: Annually on June 6, commencing June 6, 2026 |
| **Record Dates:** | 2029 Notes: May 22<br> 2032 Notes: May 22 |
| **Price to Public:** | 2029 Notes: 99.482% of principal amount<br> 2032 Notes: 99.079% of principal amount |
| **Underwriting Discount:** | 2029 Notes: 0.175% of principal amount<br> 2032 Notes: 0.225% of principal amount |
| **Net Proceeds:** | 2029 Notes: €496,535,000 (after the underwriting discount and before expenses)<br> 2032 Notes: €494,270,000 (after the underwriting discount and before expenses) |

---

---

| | | |
|:---|:---|:---|
| **Benchmark Security:** | 2029 Notes: 0.250% due February 15, 2029 <br> 2032 Notes: 0.000% due February 15, 2032 | 2029 Notes: 0.250% due February 15, 2029 <br> 2032 Notes: 0.000% due February 15, 2032 |
| **Benchmark Security Yield:** | 2029 Notes: 1.897% <br> 2032 Notes: 2.223% | 2029 Notes: 1.897% <br> 2032 Notes: 2.223% |
| **Spread to Benchmark Security:** | 2029 Notes: +99.2 basis points<br> 2032 Notes: +117.7 basis points | 2029 Notes: +99.2 basis points<br> 2032 Notes: +117.7 basis points |
| **Re-Offer Yield:** | 2029 Notes: 2.889%<br> 2032 Notes: 3.400% | 2029 Notes: 2.889%<br> 2032 Notes: 3.400% |
| **Mid-Swap Yield:** | 2029 Notes: 2.089% <br> 2032 Notes: 2.320% | 2029 Notes: 2.089% <br> 2032 Notes: 2.320% |
| **Spread to Mid-Swap Yield:** | 2029 Notes: +80 basis points<br> 2032 Notes: +108 basis points | 2029 Notes: +80 basis points<br> 2032 Notes: +108 basis points |
| **Optional Redemption:** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2029 Notes:<br> Prior to May 6, 2029: Make-whole redemption at Comparable Government Bond Rate plus 15 bps, plus accrued and unpaid interest, if any, thereon to, but excluding, the redemption date.<br> On or after May 6, 2029: Redemption at par, plus accrued and unpaid interest, if any, thereon to, but excluding, the redemption date.<br>2032 Notes:<br> Prior to March 6, 2032: Make-whole redemption at Comparable Government Bond Rate plus 20 bps, plus accrued and unpaid interest, if any, thereon to, but excluding, the redemption date.<br> On or after March 6, 2032: Redemption at par, plus accrued and unpaid interest, if any, thereon to, but excluding, the redemption date.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2029 Notes:<br> Prior to May 6, 2029: Make-whole redemption at Comparable Government Bond Rate plus 15 bps, plus accrued and unpaid interest, if any, thereon to, but excluding, the redemption date.<br> On or after May 6, 2029: Redemption at par, plus accrued and unpaid interest, if any, thereon to, but excluding, the redemption date.<br>2032 Notes:<br> Prior to March 6, 2032: Make-whole redemption at Comparable Government Bond Rate plus 20 bps, plus accrued and unpaid interest, if any, thereon to, but excluding, the redemption date.<br> On or after March 6, 2032: Redemption at par, plus accrued and unpaid interest, if any, thereon to, but excluding, the redemption date.  |
| **Settlement Date (T+** **3):** | June 6, 2025\* | June 6, 2025\* |
| **Common Code / CUSIP/ ISIN** **:** | 2029 Notes: | Common Code: 308781259<br> CUSIP Number: 718172 DV8<br> ISIN Number: XS3087812593 |
|  | 2032 Notes: | Common Code: 308781283<br> CUSIP Number: 718172 DW6<br> ISIN Number: XS3087812833 |

---

---

| | |
|:---|:---|
| **Listing:** | Application will be made to list the Notes on the New York Stock Exchange |
| **Joint Book-Running Managers:** | Barclays Bank PLC<br> Goldman Sachs International<br> HSBC Continental Europe |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Allocations:** | **2029 Notes** | **2029 Notes** | **2032 Notes** | **2032 Notes** |
| Barclays Bank PLC |  | 166667000 |  | 166667000 |
| Goldman Sachs International |  | 166667000 |  | 166666000 |
| HSBC Continental Europe |  | 166666000 |  | 166667000 |
| **Total** | € | 500000000 | € | 500000000 |

---

**\*** Under Rule 15c6-1 under the Exchange Act, trades in the secondary market 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 delivery date will be required, by virtue of the fact that the Notes initially settle in T+3, to specify an alternate settlement arrangement at the time of any such trade to prevent a failed settlement.

**MiFID II and UK MiFIR professionals/** **Eligible Counterparties-only/No PRIIPs or UK PRIIPs KID** – Manufacturer target market (MiFID II and UK MiFIR product governance) is eligible counterparties and professional clients only (all distribution channels). No PRIIPs or UK PRIIPs key information document (KID) has been prepared as the Notes are not available to retail investors in the European Economic Area or the United Kingdom.

**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 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 Barclays Bank PLC at 1-888-603-5847, Goldman Sachs International at 1-866-471-2526 or HSBC Continental Europe at 1-866-811-8049.**