Filed Pursuant to Rule 433

Registration Statement No. 333-219499


September 11, 2017


Textron Inc.


$300,000,000 3.375% Notes due 2028


Pricing Term Sheet



Textron Inc.




3.375% Notes due 2028







Maturity Date:

March 1, 2028







Interest Payment Dates:

March 1 and September 1, commencing March 1, 2018



Price to Public:




Benchmark Treasury:

UST 2.250% due August 15, 2027



Benchmark Treasury Price and Yield:

101-02+; 2.129%



Spread to Benchmark Treasury:

+125 bps



Yield to Maturity:




Make-Whole Call:

T+20 bps (prior to December 1, 2027)



Par Call:

On or after December 1, 2027



Expected Settlement Date:

September 13, 2017 (T+2)




883203 BY6 / US883203BY60



Expected Ratings (Moody’s/S&P):*

Baa2 (stable) / BBB (stable)



Joint Book-Running Managers:

Citigroup Global Markets Inc.
J.P. Morgan Securities LLC
Morgan Stanley & Co. LLC
U.S. Bancorp Investments, Inc.



Senior Co-Managers:

MUFG Securities Americas Inc.
SMBC Nikko Securities America, Inc.
Wells Fargo Securities, LLC




PNC Capital Markets LLC
BNY Mellon Capital Markets, LLC
The Williams Capital Group, L.P.
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 Web site at 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 Citigroup Global Markets Inc. at 1-800-831-9146 (toll-free); or J.P. Morgan Securities LLC at 1-212-834-4533 (collect).