AI assistant
TEXTRON INC — Capital/Financing Update 2019
Apr 30, 2019
30438_rns_2019-04-30_a89102c0-d747-4b39-8a12-a342bd985537.zip
Capital/Financing Update
Open in viewerOpens in your device viewer
FWP 1 a19-8948_3fwp.htm FWP
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*
| Issuer: | Textron Inc. |
|---|---|
| Security: | 3.900% Notes due 2029 |
| Size: | $300,000,000 |
| Maturity Date: | September 17, 2029 |
| Coupon: | 3.900% |
| Interest Payment Dates: | March 17 and September 17, commencing September 17, 2019 |
| Price to Public: | 99.911% |
| Benchmark Treasury: | UST 2.625% due February 15, 2029 |
| Benchmark Treasury Price and Yield: | 100-31+; 2.511% |
| Spread to Benchmark Treasury: | +140 bps |
| Yield to Maturity: | 3.911% |
| Make-Whole Call: | T+25 bps (prior to June 17, 2029) |
| Par Call: | On or after June 17, 2029 |
| Expected Settlement Date: | May 7, 2019 (T+5) |
| CUSIP / ISIN: | 883203 CA7 / US883203CA75 |
| Expected Ratings (Moodys/S&P):* | Baa2 (stable) / BBB (stable) |
| Joint Book-Running Managers: | Citigroup Global Markets Inc. Goldman Sachs & Co. LLC Morgan Stanley & Co. LLC SMBC Nikko Securities America, Inc. |
| Senior Co-Managers: | MUFG Securities Americas Inc. PNC Capital Markets LLC U.S. Bancorp Investments, Inc. Wells Fargo Securities, LLC |
| Co-Managers: | BNY Mellon Capital Markets, LLC 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*
SEQ.=1,FOLIO='',FILE='C:\JMS\109772\19-8948-3\task9339669\8948-3-bg.htm',USER='109772',CD='May 1 01:03 2019'
*send you the prospectus if you request it by calling Citigroup Global Markets Inc. at 1-800-831-9146 (toll-free); or Goldman Sachs & Co. LLC at 1-866-471-2526 (toll-free).*
2
SEQ.=1,FOLIO='2',FILE='C:\JMS\109772\19-8948-3\task9339669\8948-3-bg.htm',USER='109772',CD='May 1 01:03 2019'