Filed Pursuant to Rule 433
Registration No. 333-113313
November 29, 2007
Textron Inc.
$350,000,000 5.60% Notes due 2017
Pricing Term Sheet
5.60% Notes due 2017
| Issuer: | Textron Inc. | |
Security: |
5.60% Notes due 2017 |
|
Size: |
$350,000,000 |
|
Maturity Date: |
December 1, 2017 |
|
Coupon: |
5.60% |
|
Interest Payment Dates: |
June 1 and December 1, beginning June 1, 2008 |
|
Price to Public: |
99.993% |
|
Benchmark Treasury: |
UST 4.25% due November 15, 2017 |
|
Benchmark Treasury Price and Yield: |
102-14; 3.951% |
|
Spread to Benchmark Treasury: |
165 bps |
|
Yield: |
5.601% |
|
Make-Whole Call: |
T + 25 bps |
|
Expected Settlement Date: |
December 4, 2007 |
|
CUSIP: |
883203 BL 4 |
|
Anticipated Ratings (Moody's/S&P/Fitch): |
A3/A-/A- |
|
Joint Book-Running Managers: |
Banc of America Securities LLC Citigroup Global Markets Inc. Goldman, Sachs & Co. |
|
Co-Managers: |
Barclays Capital Inc. BNP Paribas Securities Corp. Deutsche Bank Securities Inc. J.P. Morgan Securities Inc. Lazard Capital Markets LLC Morgan Stanley & Co. Incorporated Wachovia 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 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 or e-mailing Banc of America Securities LLC at 1-800-294-1322 or dg.prospectus distribution@bofasecurities.com or by calling Citigroup Global Markets Inc. toll free at 1-877-858-5407 or Goldman, Sachs & Co. at (866) 471-2526.