Filed Pursuant to Rule 433
Registration No. 333-152562
September 14, 2009
Textron Inc.
$350,000,000 6.20% Notes due 2015 and $250,000,000 7.25% Notes due 2019
Pricing Term Sheet
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Issuer: |
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Textron Inc. |
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Security: |
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6.20% Notes due 2015 |
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7.25% Notes due 2019 |
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Size: |
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$350,000,000 |
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$250,000,000 |
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Maturity Date: |
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March 15, 2015 |
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October 1, 2019 |
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Coupon: |
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6.20% |
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7.25% |
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Interest Payment Dates: |
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March 15 and September 15, |
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April 1 and October 1, |
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Price to Public: |
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99.881% |
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99.749% |
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Benchmark Treasury: |
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2.375% due August 31, 2014 |
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3.625% due August 15, 2019 |
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Benchmark Treasury Price and Yield: |
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100-3+; 2.351% |
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101-25+; 3.410% |
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Spread to Benchmark Treasury: |
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387.5 bps |
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387.5 bps |
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Yield: |
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6.226% |
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7.285% |
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Make-Whole Call: |
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T + 50 bps |
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T + 50 bps |
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Expected Settlement Date (T+3): |
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September 17, 2009 |
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September 17, 2009 |
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CUSIP / ISIN: |
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883203BP5 / US883203BP53 |
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883203BQ3 / US883203BQ37 |
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Anticipated Ratings (Moody’s/S&P/Fitch): |
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Baa3/BBB-/BB+ |
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Baa3/BBB-/BB+ |
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Joint Book-Running Managers: |
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Banc of America
Securities LLC |
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Senior Co-Managers: |
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BNP Paribas Securities Corp. Mitsubishi UFJ Securities (USA), Inc. Wells Fargo Securities, LLC |
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Co-Managers: |
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BNY Mellon
Capital Markets, LLC SG Americas Securities, LLC |
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Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.
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 Banc of America Securities LLC at 1-800-294-1322 or email dg.prospectus_distribution@bofasecurities.com; or by calling Barclays Capital Inc. at 1-888-603-5847; or by
calling Citigroup Global Markets Inc. at 1-877-858-5407; or by calling Goldman, Sachs & Co. at 1-866-471-2526 or email prospectus-ny@ny.email.gs.com; or by calling J.P. Morgan Securities Inc. at 1-718-242-8002.