fwp
Filed Pursuant to Rule 433
Registration No. 333-168704
August 10, 2010
Pricing Term Sheet
         
Issuer:   The Goodyear Tire & Rubber Company
 
        
Ratings:
  B1/B+    
 
        
Security:   8.250% Senior Notes due 2020
 
        
Maturity:   August 15, 2020
 
        
Face Amount:   $900,000,000 
 
        
Gross Proceeds:   $892,467,000 
 
        
Gross Spread:
  1.875%     
 
        
Net Proceeds (after deducting underwriting discounts and commissions but before offering expenses):
  $875,592,000     
 
        
Coupon:
  8.250%     
 
        
Offering Price:
  99.163%     
 
        
Yield:
  8.375%     
 
        
Trade Date:
  August 10, 2010    
 
        
Settlement Date:
  August 13, 2010 (T+3)    
 
        
Interest Payment Dates:   February 15 and August 15, beginning February 15, 2011
 
        
Record Dates:   February 1 and August 1
 
        
Optional Redemption:
  On or after:   Price:
 
        
 
  August 15, 2015   104.125% 
 
        
 
  August 15, 2016   102.750% 
 
        
 
  August 15, 2017   101.375% 
 
        
 
  August 15, 2018 and thereafter   100.000% 
 
        
Make Whole:   Makewhole call @ T+50bps prior to August 15, 2015
 
        
Equity Clawback:   35% at 108.25% until August 15, 2013
 
        
Spread to Treasury:
  +562 bps    
 
        
Reference Treasury:   UST 3.50% due May 15, 2020
 
        
Joint Book-Running Managers:   Deutsche Bank Securities Inc., Barclays Capital Inc. and Morgan Stanley & Co. Incorporated
 
        
Co-Managers:   BNP Paribas Securities Corp., HSBC Securities (USA) Inc., Natixis Bleichroeder LLC and Wells Fargo Securities, LLC
 
        
CUSIP/ISIN:   382550 BB6 / US382550BB69

 

 

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 Deutsche Bank Securities Inc. toll free at 1-800-503-4611.