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RTX Corp — Regulatory Filings 2021
Nov 1, 2021
29781_rns_2021-11-02_c2ef2633-0d3d-4ede-91c3-b740e25fd85f.zip
Regulatory Filings
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FWP 1 ny20001130x2_fwp.htm FWP Licensed to: Broadridge Financial Soultions, Inc. Document created using EDGARfilings PROfile 7.7.0.0 Copyright 1995 - 2021 Broadridge
Free Writing Prospectus Filed Pursuant to Rule 433
To Prospectus dated September 27, 2019 Preliminary Prospectus Supplement dated November 1, 2021
Registration Statement File No. 333-234027
RAYTHEON TECHNOLOGIES CORPORATION FINAL TERM SHEET DATED NOVEMBER 1, 2021
$ 1,000,000,000 2.375% NOTES DUE 2032
$ 1,100,000,000 3.030% NOTES DUE 2052
| Issuer: | Raytheon Technologies Corporation |
|---|---|
| Title: | 2.375% Notes due 2032 (the “2032 Notes”) 3.030% Notes due 2052 (the “2052 Notes”) |
| Principal Amount: | $ 1,000,000,000 (2032 Notes) $ 1,100,000,000 (2052 Notes) |
| Maturity Date: | March 15, 2032 (2032 Notes) March 15, 2052 (2052 Notes) |
| Coupon: | 2.375% (2032 Notes) 3.030% (2052 Notes) |
| Price to Public: | 99.983% of face amount (2032 Notes) 99.963% of face amount (2052 Notes) |
| Underwriting Discount: | 0.450% (2032 Notes) 0.875% (2052 Notes) |
| Yield to Maturity: | 2.377% (2032 Notes) 3.032% (2052 Notes) |
| Spread to Benchmark Treasury: | +80.0 basis points (2032 Notes) +105.0 basis points (2052 Notes) |
| Benchmark Treasury: | 1.250% due August 15, 2031 (2032 Notes) 2.375% due May 15, 2051 (2052 Notes) |
| Benchmark Treasury Price and Yield: | 97-01+; 1.577% (2032 Notes) 108-24; 1.982% (2052 Notes) |
| Interest Payment Dates: | Semi-annually on March 15 and September 15, commencing March 15, 2022. Interest will accrue from November 16, 2021. |
| Day Count Convention: | 30/360 |
| Make-Whole Call: | +15.0 basis points (prior to December 15, 2031) (2032 Notes) +20.0 basis points (prior to September 15, 2051) (2052 Notes) |
| Par Call: | On or after December 15, 2031 (2032 Notes) On or after September 15, 2051 (2052 Notes) |
| Proceeds, Before Expenses: | $ 995,330,000 (2032 Notes) $ 1,089,968,000 (2052 Notes) |
| Trade Date: | November 1, 2021 |
| Settlement Date: | November 16, 2021 (T+10) |
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| CUSIP: | 75513E CN9 (2032 Notes) |
|---|---|
| 75513E CP4 (2052 Notes) | |
| ISIN: | US75513ECN94 (2032 Notes) |
| US75513ECP43 (2052 Notes) | |
| Denominations: | $2,000 x $1,000 |
| Ratings*: | Baa1/A- (stable/negative) |
| Joint Book-Running Managers: | BNP Paribas Securities Corp. |
|---|---|
| BofA Securities, Inc. | |
| J.P. Morgan Securities LLC | |
| Morgan Stanley & Co. LLC | |
| Citigroup Global Markets Inc. | |
| Deutsche Bank Securities Inc. | |
| Goldman Sachs & Co. LLC | |
| Senior Co-Managers: | Barclays Capital Inc. |
| Credit Agricole Securities (USA) Inc. | |
| Mizuho Securities USA LLC | |
| MUFG Securities Americas Inc. | |
| RBC Capital Markets, LLC | |
| SMBC Nikko Securities America, Inc. | |
| UniCredit Capital Markets, LLC | |
| Wells Fargo Securities, LLC | |
| Co-Managers: | Academy Securities Inc. |
| Blaylock Van, LLC | |
| CastleOak Securities, L.P. | |
| Mischler Financial Group, Inc. | |
| R. Seelaus & Co., LLC | |
| Siebert Williams Shank & Co., LLC |
- Note: A security rating is not a recommendation to buy, sell or hold securities. Additionally, the security rating may be subject to revision or withdrawal at any time by the assigning rating organization. Each rating should be evaluated independently of any other rating.
The issuer has filed a registration statement (including a prospectus), as amended, with the SEC for the offering to which this communication relates (File No. 333-234027). 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 BNP Paribas Securities Corp. at 1-800-854-5674, BofA Securities, Inc. at 1-800-294-1322, J.P. Morgan Securities LLC at 1-800-732-2889 or Morgan Stanley & Co. LLC at 1-866-718-1649.
Any disclaimer or other notice that may appear below is not applicable to this communication and should be disregarded. Such disclaimer or notice was automatically generated as a result of this communication being sent by Bloomberg or another email system.
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