fwp
Filed Pursuant to Rule 433
Registration No. 333-168704
August 20, 2010
Pricing Term Sheet
         
Issuer:   The Goodyear Tire & Rubber Company
 
       
Rating:   B1/B+
 
       
Security:   8.250% Senior Notes due 2020 (Reopening of $900,000,000 of 8.250% Senior Notes due 2020 issued on August 13, 2010)
 
       
Maturity:   August 15, 2020
 
       
Face Amount:   $100,000,000 
 
       
Gross Proceeds:   $100,750,000 
 
       
Gross Spread:   1.875% 
 
       
Net Proceeds exclusive of accrued interest (after deducting underwriting discounts and commissions but before offering expenses):   $98,875,000 
 
       
Coupon:   8.250% 
 
       
Offering Price:   100.75% plus accrued interest from August 13, 2010
 
       
Yield:   8.119% 
 
       
Trade Date:   August 20, 2010
 
       
Settlement Date:   August 25, 2010 (T+3)
 
       
Interest Payment Dates:   February 15 and August 15, beginning February 15, 2011
 
       
Accrued Interest Payable to Issuer:   $275,000 accrued from August 13, 2010 to but excluding August 25, 2010
 
       
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:   +558 bps
 
       
Reference Treasury:   UST 3.50% due May 15, 2020
 
       
Underwriter:   Deutsche Bank Securities Inc.
 
       
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, the 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.

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