Filed Pursuant to Rule 433

Registration Statement No. 333-219499

 

March 10, 2020

 

Textron Inc.

 

$650,000,000 3.000% Notes due 2030

 

Pricing Term Sheet

 

Issuer:

 

Textron Inc.

 

 

 

Security:

 

3.000% Notes due 2030

 

 

 

Size:

 

$650,000,000

 

 

 

Maturity Date:

 

June 1, 2030

 

 

 

Coupon:

 

3.000%

 

 

 

Interest Payment Dates:

 

June 1 and December 1
commencing December 1, 2020

 

 

 

Price to Public:

 

99.523%

 

 

 

Benchmark Treasury:

 

UST 1.500% due February 15, 2030

 

 

 

Benchmark Treasury Price and Yield:

 

107-28; 0.679%

 

 

 

Spread to Benchmark Treasury:

 

+237.5 bps

 

 

 

Yield to Maturity:

 

3.054%

 

 

 

Make-Whole Call:

 

T+40 bps (prior to March 1, 2030)

 

 

 

Par Call:

 

On or after March 1, 2030

 

 

 

Expected Settlement Date:

 

March 17, 2020 (T+5)

 

 

 

CUSIP / ISIN:

 

883203 CB5 / US883203CB58

 

 

 

Expected Ratings (Moody’s/S&P):*

 

Baa2 (stable) / BBB (stable)

 

 

 

Joint Book-Running Managers:

 

J.P. Morgan Securities LLC
BofA Securities, Inc.
MUFG Securities Americas Inc.
SMBC Nikko Securities America, Inc.

U.S. Bancorp Investments, Inc.

Wells Fargo Securities, LLC

 

 

 

Senior Co-Managers:

 

BNY Mellon Capital Markets, LLC
PNC Capital Markets LLC

 

 

 

Co-Managers:

 

Loop Capital Markets LLC
The Williams Capital Group, L.P.

 


* 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 J.P. Morgan Securities LLC collect at 1-212-834-4533 or BofA Securities, Inc. toll-free at (800) 294-1322.

 

2


Textron (NYSE:TXT)
Historical Stock Chart
From Feb 2024 to Mar 2024 Click Here for more Textron Charts.
Textron (NYSE:TXT)
Historical Stock Chart
From Mar 2023 to Mar 2024 Click Here for more Textron Charts.