An outline of the pricing terms related to an offering (e.g., listing of the principal amount, benchmark treasury rate, yield to maturity, interest payment dates, maturity date and relevant material terms). This submission serves to give both the government and potential investors critical basic information related to an offering. In the world of securities, knowledge is power. A pricing term sheet provides all kinds of basic, material “power” in one neat little package.
Investor One: “I’m so excited to see the pricing term sheet for this offering. I think it is going to indicate that this offering could be one of the hottest of the year.”
Investor Two: “You are too boring for your own good. PLEASE let me set you up on a date with someone more interesting than you are.”