Filed Pursuant to Rule 433
Registration Statement No. 333-219499
April 30, 2019
Textron Inc.
$300,000,000 3.900% Notes due 2029
Pricing Term Sheet
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Issuer: |
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Textron Inc. |
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Security: |
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3.900% Notes due 2029 |
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Size: |
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$300,000,000 |
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Maturity Date: |
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September 17, 2029 |
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Coupon: |
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3.900% |
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Interest Payment Dates: |
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March 17 and September 17, commencing September 17, 2019 |
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Price to Public: |
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99.911% |
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Benchmark Treasury: |
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UST 2.625% due February 15, 2029 |
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Benchmark Treasury Price and Yield: |
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100-31+; 2.511% |
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Spread to Benchmark Treasury: |
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+140 bps |
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Yield to Maturity: |
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3.911% |
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Make-Whole Call: |
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T+25 bps (prior to June 17, 2029) |
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Par Call: |
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On or after June 17, 2029 |
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Expected Settlement Date: |
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May 7, 2019 (T+5) |
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CUSIP / ISIN: |
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883203 CA7 / US883203CA75 |
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Expected Ratings (Moody’s/S&P):* |
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Baa2 (stable) / BBB (stable) |
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Joint Book-Running Managers: |
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Citigroup Global Markets Inc. |
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Senior Co-Managers: |
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MUFG Securities Americas Inc. |
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Co-Managers: |
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BNY Mellon Capital Markets, LLC |
* 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