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Issuer:
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Brunswick Corporation
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Security Type:
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Senior Unsecured Notes
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Format:
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SEC Registered
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Title:
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6.500% Notes due 2048 (the “Notes”)
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Size:
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$175,000,000 ($201,250,000 assuming the underwriters exercise their option to purchase the additional Notes in full).
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Maturity:
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October 15, 2048
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Coupon:
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6.500%
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Price to Public:
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100.000% of face amount
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Expected Ratings (Moody’s / S&P / Fitch)*:
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Baa2 / BBB- / BBB
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Pricing Date:
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October 1, 2018
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Interest Payment Dates:
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January 15, April 15, July 15 and October 15, commencing January 15, 2019
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Settlement Date:
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T+2; October 3, 2018
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Optional Redemption:
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The Notes will be redeemable at the option of the Issuer, in whole or in part, at any time on or after October 15, 2023, at a redemption price equal to 100% of their principal amount, plus accrued and unpaid interest to, but excluding, the redemption date.
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Day Count:
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30 / 360
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Net Proceeds to Issuer (before expenses; assumes no exercise of underwriters’ option):
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$169,487,500 ($194,910,625 assuming the underwriters exercise their option to purchase the additional Notes in full).
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CUSIP / ISIN:
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117043 406 / US1170434062
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Denominations:
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$25.00 and integral multiples of $25.00 in excess thereof
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Listing:
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The Issuer intends to file an application to list the Notes on The New York Stock Exchange.
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Joint Book-Running Managers:
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Morgan Stanley & Co. LLC
Merrill Lynch, Pierce, Fenner & Smith
Incorporated
Wells Fargo Securities, LLC
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Joint Lead Manager:
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J.P. Morgan Securities LLC
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Co-Managers:
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Citizens Capital Markets, Inc.
SunTrust Robinson Humphrey, Inc.
U.S. Bancorp Investments, Inc.
BMO Capital Markets Corp.
KBC Securities USA LLC
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