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TEXTRON INC — Capital/Financing Update 2023
Nov 7, 2023
30438_rns_2023-11-07_515ec139-78bd-4d13-85e2-1c47e6be79ef.zip
Capital/Financing Update
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Free Writing Prospectus
Registration No. 333-269915
November 7, 2023
Textron Inc.
$350,000,000 6.100% Notes due 2033
Pricing Term Sheet
| Issuer: | Textron Inc. |
|---|---|
| Security: | 6.100% Notes due 2033 |
| Size: | $350,000,000 |
| Maturity Date: | November 15, 2033 |
| Coupon: | 6.100% |
| Interest Payment Dates: | November 15 and |
| May 15 commencing May 15 , 2024 | |
| Price to Public: | 99.821% |
| Benchmark Treasury: | UST 3.875% due August 15 , 2033 |
| Benchmark Treasury Price and Yield: | 94-22; 4.554% |
| Spread to Benchmark Treasury: | +157 bps |
| Yield to Maturity: | 6.124% |
| Make-Whole Call: | T+25 bps (prior to August 15, 2033) |
| Par Call: | On or after August 15, 2033 |
| Expected Settlement Date: | November 9, 2023 (T+2) |
| CUSIP / ISIN: | 883203 CD1 / US883203CD15 |
| Expected Ratings (Moody’s/S&P):* | Baa2 (stable) / BBB (stable) |
| Joint Book-Running Managers: | J.P. Morgan Securities LLC |
| Goldman Sachs & Co. LLC | |
| MUFG Securities Americas Inc. | |
| SMBC Nikko Securities America, Inc. | |
| Senior Co-Managers: | Wells Fargo Securities, LLC |
| PNC Capital Markets LLC | |
| U.S. Bancorp Investments, Inc. | |
| Co-Managers: | BNY Mellon Capital Markets, LLC |
| Loop Capital Markets LLC | |
| Siebert Williams Shank & Co., LLC |
- 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 at 1-212-834-4533 or Goldman Sachs & Co. LLC at 1-866-471-2526 (toll-free).
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