Berkshire Hathaway Inc. filed a free writing prospectus on November 13, 2026, disclosing pricing terms for a five-tranche yen-denominated senior notes offering totaling ¥182,300,000,000 in aggregate principal amount, with settlement scheduled for November 19, 2026.

Key Highlights

  • Total offering size: ¥182,300,000,000 across five tranches of SEC-registered senior notes.
  • Tranches and coupons: ¥92,000,000,000 at 2.624% due 2029; ¥57,300,000,000 at 3.007% due 2031; ¥16,100,000,000 at 3.313% due 2033; ¥2,700,000,000 at 3.661% due 2036; and ¥14,200,000,000 at 4.571% due 2056.
  • Issue price: 100% of face amount for all five tranches.
  • Proceeds to issuer: ¥182,005,000,000, according to the filing.
  • Expected ratings: Aa2/AA (Stable/Stable), as stated in the term sheet.
  • Joint book-running managers: Mizuho Securities USA LLC and Merrill Lynch International.
  • Settlement date: November 19, 2026, on a T+4 Tokyo business days basis.

Berkshire Hathaway's Five-Tranche Yen Note Pricing Terms

According to the pricing term sheet filed pursuant to Rule 433 under Registration Statement No. 333-284622, Berkshire Hathaway Inc. priced five tranches of yen-denominated senior notes on November 13, 2026. All tranches were priced at 100% of face amount with interest payable semi-annually on May 29 and November 29 of each year, commencing May 29, 2027, using a 30/360 day count convention. The filing identifies The Bank of New York Mellon, London Branch as paying agent, and states that none of the notes will be listed on any exchange.

The filing discloses spreads to reference rates ranging from 60 basis points for the 2029 Notes to 105 basis points for the 2056 Notes. Gross spreads range from 10 basis points (2029 Notes) to 55 basis points (2056 Notes). The 2036 Notes include a par call feature on or after September 8, 2036, while the remaining four tranches carry no par call, according to the term sheet. Minimum denomination for all tranches is ¥100,000,000 and integral multiples of ¥10,000,000 in excess thereof.

The filing notes that because settlement will occur on T+4 Tokyo business days, "purchasers who wish to trade the notes prior to the business day before the delivery of the notes will be required, by virtue of the fact that the Securities initially will settle in T+4, to specify an alternative settlement cycle at the time of any such trade to prevent failed settlement." The filing states that the issuer's registration statement, including a prospectus, is available on the SEC's EDGAR system.

What Was Disclosed

Berkshire Hathaway Inc. disclosed the full pricing terms for a five-tranche, yen-denominated senior notes offering totaling ¥182,300,000,000, including per-tranche interest rates, maturities, spreads, CUSIP identifiers, and settlement mechanics, in a free writing prospectus dated November 13, 2026.