0001104659-20-031361.txt : 20200310 0001104659-20-031361.hdr.sgml : 20200310 20200310154423 ACCESSION NUMBER: 0001104659-20-031361 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20200310 DATE AS OF CHANGE: 20200310 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: TEXTRON INC CENTRAL INDEX KEY: 0000217346 STANDARD INDUSTRIAL CLASSIFICATION: AIRCRAFT & PARTS [3720] IRS NUMBER: 050315468 STATE OF INCORPORATION: DE FISCAL YEAR END: 0104 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-219499 FILM NUMBER: 20701390 BUSINESS ADDRESS: STREET 1: 40 WESTMINSTER ST CITY: PROVIDENCE STATE: RI ZIP: 02903 BUSINESS PHONE: 4014212800 MAIL ADDRESS: STREET 1: 40 WESTMINSTER ST CITY: PROVIDENCE STATE: RI ZIP: 02903 FORMER COMPANY: FORMER CONFORMED NAME: AMERICAN TEXTRON INC DATE OF NAME CHANGE: 19710510 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: TEXTRON INC CENTRAL INDEX KEY: 0000217346 STANDARD INDUSTRIAL CLASSIFICATION: AIRCRAFT & PARTS [3720] IRS NUMBER: 050315468 STATE OF INCORPORATION: DE FISCAL YEAR END: 0104 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 40 WESTMINSTER ST CITY: PROVIDENCE STATE: RI ZIP: 02903 BUSINESS PHONE: 4014212800 MAIL ADDRESS: STREET 1: 40 WESTMINSTER ST CITY: PROVIDENCE STATE: RI ZIP: 02903 FORMER COMPANY: FORMER CONFORMED NAME: AMERICAN TEXTRON INC DATE OF NAME CHANGE: 19710510 FWP 1 a20-12085_3fwp.htm FWP

 

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.

 

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