fwp
 

Issuer Free Writing Prospectus Filed Pursuant to Rule 433
supplementing the
Preliminary Prospectus Supplement dated December 13, 2006
Registration No. 333-133925
Pricing Term Sheet
 
December 13, 2006
 
Issuer: MGM MIRAGE
 
Size: $750,000,000
 
Description: Senior Notes
 
Maturity: January 15, 2017
 
Coupon: 7.625%
 
Public Offering Price: 100% of face amount, plus accrued interest, if any
 
Net Proceeds: $747,562,500 (before transaction expenses)
 
Yield: 7.625%
 
Interest Payment Dates: January 15 and July 15 commencing July 15, 2007
 
Redemption Provisions: Make-whole call at the Adjusted Treasury Rate plus 50 basis points
 
Settlement date: December 21, 2006 (T+6)
 
CUSIP: 552953 BB 6
 
Ratings: Ba2 by Moody’s Investors Service, Inc., BB by Standard & Poor’s Ratings Services
 
Bookrunners: Barclays Capital, BNP PARIBAS, Wachovia Securities, UBS Investment Bank
 
Co-managers: Citigroup, Commerzbank Corporates & Markets, Daiwa Securities America Inc., Deutsche Bank Securities, Jefferies & Company, JPMorgan, RBS Greenwich Capital
 
         
   
Underwriter
  Principal Amount
Allocation:
  Barclays Capital Inc.   $120,000,000
    BNP Paribas Securities Corp.   120,000,000
    Wachovia Capital Markets, LLC   120,000,000
    UBS Securities LLC   120,000,000
    Greenwich Capital Markets, Inc.   60,000,000
    Citigroup Global Markets Inc.   45,000,000
    Deutsche Bank Securities Inc.   45,000,000
    J.P. Morgan Securities Inc.   45,000,000
    Commerzbank Capital Markets Corp.   30,000,000
    Daiwa Securities America Inc.   30,000,000
    Jefferies & Company, Inc.   15,000,000
      Total   $750,000,000
         
 
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, Barclays Capital Inc., an underwriter, will arrange to send you the prospectus if you request it by calling toll free 888-227-2275 Ext. 5576.