PITNEY BOWES INC /DE/ — Capital/Financing Update 2009

Mar 3, 2009

FWP 1 y74964fwfwp.htm FREE WRITING PROSPECTUS FWP PAGEBREAK

Final Term Sheet Filed Pursuant to Rule 433 Registration Statement 333-151753 March 2, 2009

FINAL TERM SHEET

Dated: March 2, 2009

Issuer: Pitney Bowes Inc.

Size: $300,000,000

Stated Maturity Date: March 15, 2019

Coupon (Interest Rate): 6.25% per year

Yield to Maturity: 6.274% per year

Spread to Benchmark Treasury: T+337.5 bps

Benchmark Treasury: 2.750% 2/15/2019

Benchmark Treasury Price and Yield: 98-23; 2.899%

Interest Payment Dates: 15th of every March and September, commencing September 15th, 2009 (Record dates: 1st of March and September)

Optional Redemption Reinvestment Rate: T+50 bps

Price to Public: 99.821% plus accrued interest from March 5, 2009

Settlement Date: March 5, 2009 (T+3)

Underwriters:

Banc of America Securities LLC J.P. Morgan Securities Inc. Credit Suisse Securities (USA) LLC Goldman, Sachs & Co. RBC Capital Markets Corporation

CUSIP: 724479 AH3

Ratings: A1 / A (Stable / 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 website 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 (800) 294-1322, J.P. Morgan Securities Inc. at (212) 834-4533, or Investor Relations of the Issuer collect at (203) 356-5000.

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