Free Writing Prospectus

Issuer Free Writing Prospectus

Filed pursuant to Rule 433(d)

Registration No. 333-181014

333-181014-01

PRICING SUPPLEMENT

May 2, 2013

United Continental Holdings, Inc.

$300,000,000 6.375% Senior Notes due 2018

 

 

Pricing Supplement dated May 2, 2013 to the Preliminary Prospectus Supplement, dated May 2, 2013 of United Continental Holdings, Inc. (the “Preliminary Prospectus Supplement”).

This Pricing Supplement is qualified in its entirety by reference to the Preliminary Prospectus Supplement. The information in this Pricing Supplement supplements the Preliminary Prospectus Supplement and supersedes the information in the Preliminary Prospectus Supplement to the extent inconsistent with the information in the Preliminary Prospectus Supplement.

Unless otherwise indicated, terms used but not defined herein have the meanings assigned to such terms in the Preliminary Prospectus Supplement.

 

Issuer:    United Continental Holdings, Inc. (“UAL”)
Guarantor:    United Airlines, Inc. (“United”)
Aggregate Principal Amount:    $300,000,000
Title of Securities:    6.375% Senior Notes due 2018
Distribution:    SEC registered
Maturity:    June 1, 2018
Coupon:    6.375%
Public Offering Price:    100%
Yield to Maturity:    6.375%
Spread to Benchmark Treasury:    573 basis points
Benchmark Treasury:    0.625% due April 30, 2018
Benchmark Treasury Yield:    0.646%
Ratings*:    B2/B
Underwriting Discounts and Commissions:    $4,500,000
Proceeds, Before Expenses, to UAL:    $295,500,000
Interest Payment Dates:    June 1 and December 1, commencing December 1, 2013
Optional Redemption:    Make-whole call at T+50 bps
Change of Control:    Put at 101% of principal plus accrued interest

 

* Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.


Joint Book-Running Managers:   

Underwriter

   Principal
Amount of

Notes
 
   J.P. Morgan Securities LLC    $ 165,000,000   
   Morgan Stanley & Co. LLC    $ 45,000,000   
   Barclays Capital Inc.    $ 37,500,000   
   Deutsche Bank Securities Inc.    $ 30,000,000   
  

Merrill Lynch, Pierce, Fenner & Smith

Incorporated

   $ 22,500,000   

Discount on Sales to Dealers:

   0.375%   

Discount on Resales by Dealers:

   0.250%   

Trade Date:

   May 2, 2013   

Settlement Date:

   May 7, 2013 (T+3)   

CUSIP:

   910047AF6   

ISIN:

   US910047AF65   

Denominations:

   $2,000 x $1,000   

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, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling J.P. Morgan Securities LLC collect at 1-212-834-4533, Morgan Stanley & Co. LLC toll-free at 1-866-718-1649, Barclays Capital Inc. toll-free at 1-888-603-5847, Deutsche Bank Securities Inc. toll-free at 1-800-503-4611 or Merrill Lynch, Pierce, Fenner & Smith Incorporated toll-free at 1-800-294-1322.

ANY DISCLAIMERS OR OTHER NOTICES THAT MAY APPEAR BELOW ARE NOT APPLICABLE TO THIS COMMUNICATION AND SHOULD BE DISREGARDED. SUCH DISCLAIMERS OR OTHER NOTICES WERE AUTOMATICALLY GENERATED AS A RESULT OF THIS COMMUNICATION BEING SENT VIA BLOOMBERG OR ANOTHER EMAIL SYSTEM.