BECTON DICKINSON & CO — Capital/Financing Update 2011

Nov 4, 2011

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Filed Pursuant to Rule 433 Registration Statement No. 333-159102 November 3, 2011

Pricing Term Sheet

Becton, Dickinson and Company 1.750% Notes due November 8, 2016

Issuer: Aggregate Principal Amount Offered: Maturity Date: Coupon (Interest Rate): Price to Public (Issue Price): Yield to Maturity: Spread to Benchmark Treasury: Benchmark Treasury: Benchmark Treasury Yield: Interest Payment Dates: Day Count Convention: Make-whole Redemption: Trade Date: Settlement Date: CUSIP Number: ISIN Number: Denominations: Joint Book-Running Managers: Co-Managers: Type of Offering: Listing: Long-term Debt Ratings: Becton, Dickinson and Company $500,000,000 November 8, 2016 1.750% 99.967% of principal amount 1.757% +85 basis points 1.000% due October 31, 2016 0.907% May 8 and November 8, commencing May 8, 2012 30/360 At any time at the greater of 100% or a discount rate of Treasury plus 15 basis points November 3, 2011 November 8, 2011 (T+3) 075887 BB4 US075887BB48 $2,000 x $1,000 Goldman, Sachs & Co. Morgan Stanley & Co. LLC J.P. Morgan Securities LLC Banca IMI S.p.A. BNP Paribas Securities Corp. BNY Mellon Capital Markets, LLC Citigroup Global Markets Inc. Crédit Agricole (USA) Securities Inc. ING Financial Markets LLC Merrill Lynch, Pierce, Fenner & Smith Incorporated Mitsubishi UFJ Securities (USA), Inc. Mizuho Securities USA Inc. Standard Chartered Bank Wells Fargo Securities, LLC SEC Registered None Moody’s: A2 (Negative); S&P: A+ (Stable)

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 Goldman, Sachs & Co. toll-free at 1-866-471-2526 or Morgan Stanley & Co. LLC toll-free at 1-866-718-1649.

Any disclaimers or other notices that may appear below are not applicable to this communication and should be disregarded. Such disclaimers or other notices were automatically generated as a result of this communication being sent via Bloomberg or another email system.

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Filed Pursuant to Rule 433 Registration Statement No. 333-159102 November 3, 2011

Pricing Term Sheet

Becton, Dickinson and Company 3.125% Notes due November 8, 2021

Issuer: Aggregate Principal Amount Offered: Maturity Date: Coupon (Interest Rate): Price to Public (Issue Price): Yield to Maturity: Spread to Benchmark Treasury: Benchmark Treasury: Benchmark Treasury Yield: Interest Payment Dates: Day Count Convention: Make-whole Redemption: Trade Date: Settlement Date: CUSIP Number: ISIN Number: Denominations: Joint Book-Running Managers: Co-Managers: Type of Offering: Listing: Long-term Debt Ratings: Becton, Dickinson and Company $1,000,000,000 November 8, 2021 3.125% 99.795% of principal amount 3.149% +110 basis points 2.125% due August 15, 2021 2.049% May 8 and November 8, commencing May 8, 2012 30/360 At any time at the greater of 100% or a discount rate of Treasury plus 20 basis points November 3, 2011 November 8, 2011 (T+3) 075887 BA6 US075887BA64 $2,000 x $1,000 Goldman, Sachs & Co. Morgan Stanley & Co. LLC J.P. Morgan Securities LLC Banca IMI S.p.A. BNP Paribas Securities Corp. BNY Mellon Capital Markets, LLC Citigroup Global Markets Inc. Crédit Agricole (USA) Securities Inc. ING Financial Markets LLC Merrill Lynch, Pierce, Fenner & Smith Incorporated Mitsubishi UFJ Securities (USA), Inc. Mizuho Securities USA Inc. Standard Chartered Bank Wells Fargo Securities, LLC SEC Registered None Moody’s: A2 (Negative); S&P: A+ (Stable)

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 Goldman, Sachs & Co. toll-free at 1-866-471-2526 or Morgan Stanley & Co. LLC toll-free at 1-866-718-1649.

Any disclaimers or other notices that may appear below are not applicable to this communication and should be disregarded. Such disclaimers or other notices were automatically generated as a result of this communication being sent via Bloomberg or another email system.

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