Free Writing Prospectus
Issuer Free Writing Prospectus    Filed Pursuant to Rule 433
  

Registration No. 333-172617

November 7, 2011

Amgen Inc.

TERM SHEET

Dated November 7, 2011

$1,750,000,000 3.875% Senior Notes due 2021

This term sheet relates only to the securities described below and supplements and should be read together with the preliminary prospectus supplement, dated November 7, 2011 and the accompanying prospectus (including the documents incorporated by reference in the accompanying prospectus) relating to these securities.

 

Issuer:

   Amgen Inc.

Ranking:

   Senior Unsecured

Principal Amount:

   $1,750,000,000

Maturity Date:

   November 15, 2021

Coupon:

   3.875%

Price to Public:

   99.720%, plus accrued interest from November 10, 2011 if settlement occurs after such date

Yield to Maturity:

   3.909%

Treasury Benchmark:

   2.125% due August 15, 2021

Spread to Benchmark:

   187.5 bps

Interest Payment Dates:

   May 15 and November 15 commencing May 15, 2012

Reinvestment Rate:

   0.30% plus the arithmetic mean of the yields under the respective heading “Week Ending” published in the most recent Statistical Release under the caption “Treasury Constant Maturities” for the maturity (rounded to the nearest month) corresponding to the remaining life to maturity, as of the payment date of the principal being redeemed or paid.

Net Proceeds to Issuer (before expenses):

   $1,737,225,000

Trade Date:

   November 7, 2011

Settlement Date:

   November 10, 2011 (T+3)

CUSIP:

   031162 BM1

ISIN:

   US031162BM10

Denominations:

   $2,000 × $1,000

Ratings:

  

Moody’s: Baa1 (Stable Outlook)

S&P: A+ (Stable Outlook)

Fitch: BBB (Stable Outlook)

Underwriters:

   Joint Book-Running Managers:
   Merrill Lynch, Pierce, Fenner & Smith Incorporated
   Morgan Stanley & Co. LLC
   J.P. Morgan Securities LLC
   Citigroup Global Markets Inc.
   Senior Co-Managers:
   Barclays Capital Inc.
   Deutsche Bank Securities Inc.
   UBS Securities LLC
   Goldman, Sachs & Co.
   Credit Suisse Securities (USA) LLC
   Mitsubishi UFJ Securities (USA), Inc.
   Co-Managers:
   SMBC Nikko Capital Markets Limited

Amgen Inc. has filed a registration statement (including a prospectus dated as of March 4, 2011) and a prospectus supplement dated as of November 7, 2011 with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement, the prospectus supplement and other documents Amgen Inc. has filed with the SEC for more complete information about the issuer and this offering. You should rely on the prospectus, prospectus supplement and any relevant free writing prospectus or term sheet for complete details. You may get these documents for free by visiting the SEC web site at www.sec.gov. Alternatively, copies of the prospectus and the prospectus supplement may be obtained from Merrill Lynch, Pierce, Fenner & Smith Incorporated by calling 800-294-1322; Morgan Stanley & Co. LLC by calling 866-718-1649; or J.P. Morgan Securities LLC by calling 212-834-4533.

The security ratings above are not a recommendation to buy, sell or hold the securities offered hereby. The ratings may be subject to revision or withdrawal at any time by Moody’s, S&P and Fitch. Each of the security ratings above should be evaluated independently of any other security rating.