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GATX CORP filed this Form 8-K on 11/20/2018
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Schedule III

Form of Final Term Sheet

GATX Corporation

$100,000,000 Floating Rate Senior Notes due 2021

Final Term Sheet


Issuer:    GATX Corporation
Security:    Floating Rate Senior Notes due 2021 (the “Notes”)
Expected Ratings (Moody’s / S&P)*:    [intentionally omitted]
Security Type:    Senior unsecured notes
Principal Amount:   


The Notes offered hereby constitute a further issuance of the Floating Rate Senior Notes due 2021, of which $200,000,000 aggregate principal amount was issued on November 6, 2017 (the “Existing Notes”). The Notes offered hereby will form a single series with the Existing Notes and will have the same terms other than the initial offering price. Immediately upon settlement, the Notes offered hereby will have the same CUSIP number and will trade interchangeably with the Existing Notes. Upon completion of this offering, an aggregate $300,000,000 of Floating Rate Senior Notes due 2021 will be outstanding.

Trade Date:    November 19, 2018
Settlement Date (T+2):    November 21, 2018
Maturity:    November 5, 2021
Interest Payment Dates:    February 5, May 5, August 5 and November 5 of each year, commencing on February 5, 2019
Public Offering Price:    99.510%, plus accrued and unpaid interest of $146,733.33 from November 5, 2018
Base Rate:    LIBOR (Bloomberg L.P. Page “BBAM” or Reuters equivalent)
Index Maturity:    Three-month
Spread to LIBOR:    72 basis points
Interest Determination Dates:    The second London Business Day immediately preceding the first day of such interest period, commencing on February 1, 2019 (the second London banking day preceding February 5, 2019)
Record Dates:    January 15, April 15, July 15 and October 15
Optional Redemption:    The Notes will not be redeemable prior to maturity
Minimum Denomination:    $1,000 x $1,000
CUSIP / ISIN:    361448 BB8 / US361448BB85
Day Count Convention:    Actual / 360
Calculation Agent:   

U.S. Bank National Association

Joint Book-Runners:   

Citigroup Global Markets Inc.

Merrill Lynch, Pierce, Fenner & Smith



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