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Issuer Free Writing Prospectus
Filed Pursuant to Rule 433
Registration No. 333-167507
June 15, 2010
PALL CORPORATION
Pricing Term Sheet
$375,000,000 5.00% Senior Notes due 2020
June 15, 2010
     
Issuer:
  Pall Corporation
 
    
Title:
  5.00% Senior Notes due 2020
 
    
Size:
  $375,000,000 
 
    
Maturity:
  June 15, 2020
 
    
Coupon (Interest Rate):
  5.00% per annum
 
    
Price to Public:
  99.465% 
 
    
Yield to Maturity:
  5.069% 
 
    
Spread to Benchmark Treasury:
  T + 175 bps
 
    
Benchmark Treasury:
  3.50% due May 15, 2020
 
    
Benchmark Treasury Price and Yield:
  101-16+ and 3.319%
 
    
Interest Payment Dates:
  June 15 and December 15 of each year, beginning on December 15, 2010
 
    
Redemption Provision:
  T + 30bps
 
    
Trade Date:
  June 15, 2010
 
    
Settlement Date:
  June 18, 2010
 
    
CUSIP / ISIN:
  696429 AC3 / US696429AC38
 
    
Ratings*:
  Baa1 / BBB
 
    
Format:
  SEC-Registered
 
    
Joint Book-Running Managers
  Banc of America Securities LLC
J.P. Morgan Securities Inc.
 
    
Co-Managers
  Wells Fargo Securities, LLC
HSBC Securities (USA), Inc.
Mitsubishi UFJ Securities (USA), Inc.
Daiwa Capital Markets America Inc.
BNP Paribas Securities Corp.
ING Financial Markets LLC
Commerz Markets LLC
Banca IMI S.p.A.
ANZ Securities, Inc.
 
*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.
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, Banc of America Securities LLC and J.P. Morgan Securities Inc. can arrange to send you the prospectus if you request it by calling or e-mailing Banc of America Securities LLC at 1-800-294-1322 or dg.prospectus_distribution@bofasecurities.com or by calling J.P. Morgan Securities Inc. collect at 1-212-834-4533.