Form: FWP

Filing under Securities Act Rules 163/433 of free writing prospectuses

May 9, 2008

 



TTM Technologies, Inc.
$155,000,000 Convertible Senior Notes due 2015
  Free Writing Prospectus
Filed Pursuant to Rule 433
Registration No. 333-148687
 
 
     
Security Information    
 
Company name
  TTM Technologies, Inc.
Security
  Convertible Senior Notes
Registration format
  Registered offering
CUSIP
  87305RAC3
ISIN
  US87305RAC34
Ranking
  Senior
Common stock ticker
  NASDAQ: “TTMI”
                 
Size                
 
 
  Bonds     Proceeds  
 
           
Base deal
    155,000     $ 155,000,000  
Underwriters’ option
    20,000     $ 20,000,000  
 
           
Total
    175,000     $ 175,000,000  
         
Terms        
 
Par amount per bond
  $ 1,000  
Issue price
  $ 1,000  
Coupon
    3.25 %
Conversion premium
    27.50 %
Last sale of common
  $ 12.52  
Conversion price
  $ 15.96  
Conversion ratio
    62.6449  
         
Dates        
 
Trade Date
    05/09/08  
Settlement Date
    05/14/08  
Maturity
  7 Years  
Maturity Date
    05/15/15  
Coupon Payment Dates
    05/15,11/15  
First Coupon Date
    11/15/08  
     
Call Schedule    
 
First call date   Call Price
None
  N/A
     
Put Schedule    
 
Put schedule   Put Price
None
  N/A
             
Underwriting       Economics  
 
Book-Runners  
JPMorgan
    60.00 %
   
UBS Investment Bank
    40.00 %
                 
Economics Breakdown                
 
Gross Spread (per note)
  $ 28.750       2.875 %

The notes and the common stock issuable upon conversion of the notes have been registered under the Securities Act of 1933, as amended.
This communication shall not constitute an offer to sell nor the solicitation of an offer to buy securities, nor shall there be any sale of these securities, in any state in which such solicitation or sale would be unlawful prior to registration or qualification of these securities under the laws of any such state.
A copy of the prospectus supplement and the accompanying prospectus for the offering of the convertible notes may be obtained by contacting J.P. Morgan Securities Inc., 1 Chase Manhattan Plaza, 5th floor, New York, NY 10081, telephone number (718) 242-8002, or UBS Investment Bank, Prospectus Department, 299 Park Avenue, New York, New York 10171, telephone number (888) 827-7275.
     
(JPMORGAN LOGO)
  (USB LOGO)

 


 

TTM Technologies, Inc.
$155,000,000 Convertible Senior Notes due 2015
 
Adjustment to shares delivered upon conversion upon certain Fundamental Changes
         
Assumptions:
       
Stock price at issue
  $ 12.52  
Conversion premium
    27.50 %
Conversion price
  $ 15.96  
Face value
  $ 1,000.00  
Conversion ratio
    62.6449  
                                                                                                                         
Effective date   $12.52     $13.00     $14.00     $15.00     $16.00     $17.00     $18.00     $19.00     $20.00     $25.00     $30.00     $35.00     $40.00     $45.00     $50.00  
5/14/2008
    17.2273       18.6614       16.5674       14.8247       13.3578       12.1106       11.0409       10.1158       9.3098       6.4885       4.8300       3.7580       3.0161       2.4756       2.0662  
5/15/2009
    17.2273       18.5514       16.3488       14.5273       13.0038       11.7171       10.6204       9.6780       8.8622       6.0535       4.4467       3.4305       2.7388       2.2410       1.8671  
5/15/2010
    17.2273       18.3936       16.0546       14.1343       12.5407       11.2054       10.0764       9.1141       8.2879       5.5043       3.9689       3.0267       2.3999       1.9564       1.6271  
5/15/2011
    17.2273       18.1098       15.6023       13.5623       11.8857       10.4949       9.3314       8.3503       7.5170       4.7919       3.3648       2.5260       1.9865       1.6135       1.3409  
5/15/2012
    17.2273       17.6530       14.9251       12.7311       10.9510       9.4948       8.2946       7.2981       6.4651       3.8595       2.6007       1.9103       1.4884       1.2066       1.0045  
5/15/2013
    17.2273       16.8694       13.8406       11.4434       9.5350       8.0072       6.7773       5.7819       4.9721       2.6264       1.6487       1.1762       0.9118       0.7433       0.6244  
5/15/2014
    17.2273       15.4621       11.9401       9.2260       7.1416       5.5458       4.3265       3.3968       2.6884       0.9970       0.5320       0.3740       0.2990       0.2512       0.2156  
5/15/2015
    17.2273       14.2660       8.7723       4.0112       0.0000       0.0000       0.0000       0.0000       0.0000       0.0000       0.0000       0.0000       0.0000       0.0000       0.0000  
•   If the stock price is between two stock price amounts in the table or the effective date is between two effective dates in the table, the number of additional shares will be determined by a straight-line interpolation between the number of additional shares set for the higher and lower stock price amounts and the two dates, as applicable, based on a 365-day year
 
•   If the stock price is greater than $50.00 per share (subject to adjustment), no additional shares will be issued upon conversion; and
 
•   If the stock price is less than $12.52 per share (subject to adjustment), no additional shares will be issued upon conversion.
 
•   Notwithstanding the foregoing, in no event will the total number of shares of common stock issuable upon conversion exceed 79.8722 per $1,000 principal amount of notes, subject to adjustment in the same manner as the conversion rate as set forth under “-Conversion rate adjustments.”
     
(JPMORGAN LOGO)
  (USB LOGO)

 


 

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