[Reverse of Note]
JOHNSON & JOHNSON
4.700%
NOTE DUE 2030
Section 1. General. This Note is one of a duly authorized series of debt securities (herein called the
Notes) of Johnson & Johnson, a New Jersey corporation (the Company), issued under and pursuant to an indenture, dated as of September 15, 1987,
between the Company and The Bank of New York Mellon Trust Company, N.A. (as successor to BNY Midwest Trust Company which succeeded Harris
Trust and Savings Bank), as trustee (the Trustee), as supplemented by a First Supplemental Indenture dated as of September 1, 1990 and a Second Supplemental Indenture dated as of November 9, 2017 (as so supplemented, the
Indenture), to which Indenture and all other indentures supplemental thereto reference is hereby made for a description of the rights, limitations of rights, obligations, duties and immunities thereunder of the Trustee, the Company and
the holders of the Notes, this Note being subject to all terms therein contained. This Note is an unsecured obligation of the Company and will rank pari passu with all other unsecured and unsubordinated indebtedness for borrowed money of the
Company.
Section 2. Payments. (a) Interest on this Note will be payable semiannually each March 1 and
September 1 (each, an Interest Payment Date), commencing September 1, 2025 and at the Maturity Date.
Interest
payments on each Interest Payment Date for this Note will include accrued interest from and including February 20, 2025 or from and including the last date in respect of which interest has been paid, as the case may be, to, but excluding, such
Interest Payment Date, except that at the Maturity Date the interest payments will include accrued interest from and including the Original Issue Date, or from and including the last date in respect of which interest has been paid, as the case may
be, to, but excluding, the Maturity Date.
(b) The principal of and any premium and interest on this Note are payable by the Company in
U.S. dollars.
(c) Until this Note is paid or payment thereof is duly provided for, the Company will, at all times, maintain a Paying
Agent in the city of New York capable of performing the duties described herein to be performed by the Paying Agent. The Bank of New York Mellon, 240 Greenwich Street, New York, New York 10286, will act as a Paying Agent and co-registrar. The Company may change any Paying Agent, Registrar or co-registrar without notice. The Company may act in any such capacity.
Section 3. Defeasance. If the Company at any time deposits with the Trustee money or eligible government obligations sufficient to
make timely payments of all principal of and interest on the Notes, the Company will be discharged from the restrictive covenants in the Indenture or possibly from all payment obligations under the Indenture and this Note, provided certain
conditions set forth in the Indenture are met by the Company. If the Company is so discharged from its payment obligations with respect to this Note, the holder would be able to look only to the deposited money or government obligations for payment.
Eligible government obligations are those backed by the full faith and credit of the government of the United States.