fwp
 

     
    Free Writing Prospectus
Filed Pursuant to Rule 433
Registration Statement No. 333-141075
Dated March 7, 2007
Eli Lilly and Company
Pricing Term Sheet
                         
 
                        
Issuer:
 Eli Lilly and Company                
 
                        
Size:
 $1,000,000,000       $700,000,000       $800,000,000  
 
                        
Maturity:
 March 15, 2017   March 15, 2027   March 15, 2037
 
                        
Coupon:
 5.200%       5.500%       5.550%  
 
                        
Price:
 99.930% of face amount   99.484% of face amount   99.378% of face amount
 
                        
Yield to maturity:
 5.209%       5.543%       5.593%  
 
                        
Spread to Benchmark Treasury:
 0.720%       0.900%       0.950%  
 
                        
Benchmark Treasury:
 4.625% due 02/15/2017   4.500% due 02/15/2036   4.500% due 02/15/2036
 
                        
Benchmark Treasury Price and Yield:
 101-02+ 4.489%       97-23+ 4.643%       97-23+ 4.643%  
 
                        
Interest Payment Dates:
 March 15 and September 15, commencing September 15, 2007
 
                
 
                        
Redemption Provisions:
                        
Make-whole call
 Make-whole plus 12.5 bps   Make-whole plus 20 bps   Make-whole plus 20 bps
 
                        
CUSIP:
 532457 BB3   532457 AZ1   532457 BA5
 
                        
Settlement:
 T+5; March 14, 2007                
 
                        
Ratings:
 Moody's: Aa3                
 
 Standard & Poor's: AA                
 
                        
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 Credit Suisse Securities (USA) LLC toll free at 1-800-221-1037, Deutsche Bank Securities Inc. toll free at 1-800-503-4611, J.P. Morgan Securities Inc. collect at (212) 834-4533 or Goldman, Sachs & Co. toll free 1-877-471-2526.