424B2 1 b70174b2e424b2.htm TEXTRON FINANCIAL CORPORATION - 424B2 e424b2
     
Pricing Supplement dated May 15, 2008
  Rule 424(b)(2)
(To Prospectus dated November 16, 2006 and
  File No. 333-138755
Prospectus Supplement dated November 16, 2006)
  Cusip No. 88319QM67
Textron Financial Corporation
Medium-Term Notes, Series F
Due Nine Months or More from Date of Issue
Textron Financial Canada Funding Corporation
Medium-Term Notes, Series F-CAD
Due Nine Months or More from Date of Issue
Fully and Unconditionally Guaranteed
by
Textron Financial Corporation
Floating Rate
Issuer: Textron Financial Corporation
     
 
 
    
Principal Amount: $25,000,000
  Initial Interest Rate: To be determined
 
    
Agent’s Discount or Commission: $15,000
  Original Issue Date: May 22, 2008
 
    
Net Proceeds to Issuer: $24,985,000
  Stated Maturity Date: August 22, 2009
 
    
 
CALCULATION OF REGISTRATION FEE
                 
Title of each class   Maximum Aggregate     Amount of  
of securities offered:   Offering Price (1):     Registration Fee  
Medium-Term Notes, Series F due August 22, 2009
   $ 25,000,000     $ 982.50  
TOTAL
           $ 982.50  
 
(1)   Excludes accrued interest, if any.
     
Interest Category
þ
  Regular Floating Rate Note
 
    
o
  Floating Rate/Fixed Rate Note
     Fixed Rate Commencement Date:
     Fixed Interest Rate:      %
 
    
o
  Inverse Floating Rate Note
o     Fixed Interest Rate:      %
                     
Interest Rate Basis or Bases:    
o
  CD Rate   o   Federal Funds Rate   o   Prime Rate
o
  CMT Rate   þ   LIBOR   o   Other (see attached)
o
  Commercial Paper Rate   o   Treasury Rate        
     
If LIBOR:
o
  LIBOR Reuters Page:
þ
  LIBOR Telerate Page: 3750
 
   LIBOR Currency: US$

 

 

If CMT Rate:
         
    CMT Telerate Page:
 
  o   Telerate Page 7051
 
  o   Telerate Page 7052
 
      o     Weekly Average
 
      o     Monthly Average
     
Spread (+/-): +85 bps
   Maximum Interest Rate:      %
 
    
Spread Multiplier: N/A
  Minimum Interest Rate:      %
 
    
Index Maturity: 3 month
    
 
    
Initial Interest Reset Date: August 22, 2008
    
Interest Reset Dates: Quarterly on the 22nd of February, May, August and November commencing on August 22, 2008
Interest Payment Dates: Quarterly on the 22nd day of February, May, August and November beginning on August 22, 2008 subject to Modified Following Business Day
Interest Determination Dates: Two London business days prior to each Interest Reset Date
Regular Record Date(s):
Calculation Agent (if other than Bank of New York Mellon):
     
Day Count Convention:
þ
  Actual/360 for the period from May 22, 2008 to August 22, 2009
o
  Actual/Actual for the period from ___to ___
o
  30/360 for the period from ___to ___
     
Redemption:
þ
  The Notes cannot be redeemed prior to the Stated Maturity Date.
o
  The Notes can be redeemed prior to Stated Maturity Date.
 
  Initial Redemption Date:
 
  Initial Redemption Percentage: ___%
 
  Annual Redemption Percentage Reduction: ___% until Redemption Percentage is 100% of the Principal Amount.
     
Optional Repayment:
þ
  The Notes cannot be repaid prior to the Stated Maturity Date.
o
  The Notes can be repaid prior to the Stated Maturity Date at the option of the holder of the Notes.
 
  Optional Repayment Date(s):
 
  Optional Repayment Price(s):
Specified Currency (if other than U.S. dollars):
Authorized Denomination (if other than $1,000 and integral multiples thereof):
Exchange Rate Agent:
Original Issue Discount: o     Yes            þ     No
     Issue Price:      %
          Total Amount of OID:
          Yield to Maturity:      %
          Initial Accrual Period OID:
             
Agent:
o
  Merrill Lynch, Pierce, Fenner & Smith Incorporated   o   HSBC Securities (USA) Inc.
o
  Banc of America Securities LLC   þ   J.P. Morgan Securities Inc.
o
  Barclays Capital Inc.   o   Tokyo-Mitsubishi International plc
o
  Citigroup Global Markets Inc.   o   UBS Securities LLC
o
  Credit Suisse First Boston LLC   o   Wachovia Securities Inc.
o
  Deutsche Bank Securities Inc.   o   Other:                               

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Agent acting in the capacity as indicated below:
þ
  Agent           o      Principal
     
If as Principal:
o
  The Notes are being offered at varying prices related to prevailing market prices at the time of resale.
o
  The Notes are being offered at a fixed initial public offering price of 100% of the Principal Amount.
     
If as Agent:
 
  The Notes are being offered at a fixed initial public offering price of 100% of the Principal Amount.
Other provisions:
Terms are not completed for certain items above because such items are not applicable.

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