PPG Industries, Inc. FWP
 

Final Term Sheet
Filed Pursuant to Rule 433
Registration Statement No. 333-145063
March 13, 2008
PPG Industries, Inc.
$600,000,000 5.75% Notes due 2013
$700,000,000 6.65% Notes due 2018
$250,000,000 7.70% Notes due 2038
             
Issuer:   PPG Industries, Inc.        
             
Title of Securities:   $600,000,000 5.75% Notes due 2013    $700,000,000 6.65% Notes due 2018    $250,000,000 7.70% Notes due 2038 
             
Long-term Debt Ratings:   Moody’s: A3 (stable) / S&P: A- (negative)
             
Format:   SEC Registered (No. 333-145063)    
             
Aggregate Principal Amount Offered:   $600,000,000   $700,000,000   $250,000,000
             
Trade Date:   March 13, 2008    March 13, 2008    March 13, 2008 
             
Settlement Date (T+3):   March 18, 2008    March 18, 2008    March 18, 2008 
             
Maturity Date:   March 15, 2013    March 15, 2018    March 15, 2038 
             
Price to Public:   99.949%   99.950%   99.433%
             
Coupon:   5.75%   6.65%   7.70%
             
Yield to Maturity:   5.762%   6.657%   7.749%
             
Spread to Benchmark Treasury:   T + 325 bps   T + 312.5 bps   T + 330 bps
             
Benchmark Treasury:   2.75% UST due 2/13    3.50% UST due 2/18    5.00% UST due 5/37
             
Benchmark Treasury Yield:   2.512%   3.532%   4.449%
             
Gross Spread:   0.60%   0.65%   0.875%
             
Net Proceeds to the Issuer:   $596,094,000   $695,100,000   $246,395,000
         
Interest Payment Dates:   March 15 and September 15,
commencing on September 15,
2008
  March 15 and September 15,
commencing on September 15,
2008
  March 15 and September 15,
commencing on September 15,
2008
             
Make-Whole Call:   The greater of par or make-whole at Treasury Rate plus 50 bps   The greater of par or make-whole at Treasury Rate plus 50 bps   The greater of par or make-whole at Treasury Rate plus 50 bps
             
CUSIP:   693506BA4   693506BB2   693506BC0
             
Joint Book-Running Managers:   Credit Suisse Securities (USA) LLC
Deutsche Bank Securities Inc.
J.P. Morgan Securities Inc.
Morgan Stanley & Co. Incorporated
       
             
Senior Co-Manager:   Mitsubishi UFJ Securities International plc        
             
Co-Managers:   Banca IMI S.p.A.
BNP Paribas Securities Corp.
BNY Capital Markets
HSBC Bank plc
PNC Capital Markets LLC
Santander Investment Securities Inc.
SG Americas Securities, LLC
       
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 1-212-834-4533 or Morgan Stanley & Co. Incorporated toll-free at 1-866-718-1649.