|
Issuer:
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Canadian
National Railway Company
|
|
|
Security
Type:
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5.55%
Notes due 2019
|
|
|
Size:
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US$550,000,000
|
|
|
Maturity:
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March
1, 2019
|
|
|
Coupon:
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5.55%
per annum, accruing from February 25, 2009
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|
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Price
to Public:
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98.881%
of face amount
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|
|
Yield
to maturity:
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5.698%
|
|
|
Spread
to Benchmark Treasury:
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+295
bp
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|
|
Benchmark
Treasury:
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2.750%
due February 15, 2019
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|
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Benchmark
Treasury Price and Yield:
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100-00+ 2.748%
|
|
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Interest
Payment Dates:
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March
1 and September 1, commencing September 1, 2009
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|
|
Redemption:
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At
any time at a discount rate of Treasury plus 50 basis
points
|
|
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Trade
Date:
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February
18, 2009
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|
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Settlement
Date:
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(T+5);
February 25, 2009
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|
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Ratings:
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A3
/A- /A (low)
|
|
|
Underwriters:
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Citigroup
Global Markets Inc.
J.P.
Morgan Securities Inc.
Banc
of America Securities LLC
BMO
Capital Markets Corp.
BNP
Paribas Securities Corp.
RBC
Capital Markets Corporation
Scotia
Capital (USA) Inc.
Wachovia
Capital Markets, LLC
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