Form FWP - Filing under Securities Act Rules 163/433 of free writing prospectuses
11 February 2025 - 8:58AM
Edgar (US Regulatory)
Filed Pursuant to Rule 433
Registration No. 333-269915
February 10, 2025
Textron Inc.
$500,000,000 5.500% Notes due 2035
Pricing Term Sheet
| Issuer: |
Textron Inc. |
| Security: |
5.500% Notes due 2035 |
| Size: |
$500,000,000 |
| Maturity Date: |
May 15, 2035 |
| Coupon: |
5.500% |
| Interest Payment Dates: |
May 15 and November 15, |
| |
commencing November 15, 2025 |
| Price to Public: |
99.856% |
| Benchmark Treasury: |
UST 4.250% due November 15, 2034 |
| Benchmark Treasury Price and Yield: |
98-02+; 4.495% |
| Spread to Benchmark Treasury: |
+102 bps |
| Yield to Maturity: |
5.515% |
| Make-Whole Call: |
T+20 bps (prior to February 15, 2035) |
| Par Call: |
On or after February 15, 2035 |
| Expected Settlement Date: |
February 13, 2025 (T+3) |
| CUSIP / ISIN: |
883203 CE9 / US883203CE97 |
| Expected Ratings (Moody’s/S&P):* |
Baa2 (positive) / BBB (stable) |
| Joint Book-Running Managers: |
BofA Securities, Inc. |
| |
Citigroup Global Markets Inc. |
| |
MUFG Securities Americas Inc. |
| |
SMBC Nikko Securities America, Inc. |
| |
Wells
Fargo Securities, LLC |
| Senior Co-Managers: |
U.S. Bancorp Investments, Inc. |
| |
PNC Capital Markets LLC |
| Co-Managers: |
BNY Mellon Capital Markets, LLC |
| |
Siebert Williams Shank & Co., LLC |
| |
Loop Capital Markets 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 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 BofA Securities, Inc. at 1-800-294-1322 (toll-free), Citigroup Global Markets
Inc. at 1-800-831-9146 (toll-free) or MUFG Securities Americas Inc. at 1-877-649-6848 (toll-free).
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