Issuer:
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Raytheon Technologies Corporation
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Title:
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2.250% Notes due 2030 (the “2030 Notes”)
3.125% Notes due 2050 (the “2050 Notes”)
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Principal Amount:
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$1,000,000,000 (2030 Notes)
$1,000,000,000 (2050 Notes)
|
Maturity Date:
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July 1, 2030 (2030 Notes)
July 1, 2050 (2050 Notes)
|
Coupon:
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2.250% (2030 Notes)
3.125% (2050 Notes)
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Price to Public:
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99.872% of face amount (2030 Notes)
99.667% of face amount (2050 Notes)
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Underwriting Discount:
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0.450% (2030 Notes)
0.875% (2050 Notes)
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Yield to Maturity:
|
2.264% (2030 Notes)
3.142% (2050 Notes)
|
Spread to Benchmark Treasury:
|
+165 basis points (2030 Notes)
+185 basis points (2050 Notes)
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Benchmark Treasury:
|
1.500% due February 15, 2030 (2030 Notes)
2.375% due November 15, 2049 (2050 Notes)
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Benchmark Treasury Price and Yield:
|
108-12; 0.614% (2030 Notes)
126-16; 1.292% (2050 Notes)
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Interest Payment Dates:
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Semi-annually on January 1 and July 1, commencing January 1, 2021. Interest will accrue from May 18, 2020 (long first coupon).
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Day Count Convention:
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30/360
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Make-Whole Call:
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+25 basis points (prior to April 1, 2030) (2030 Notes)
+30 basis points (prior to January 1, 2050) (2050 Notes)
|
Par Call:
|
On or after April 1, 2030 (2030 Notes)
On or after January 1, 2050 (2050 Notes)
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Proceeds, Before Expenses:
|
$994,220,000 (2030 Notes)
$987,920,000 (2050 Notes)
|
Trade Date:
|
May 14, 2020
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Settlement Date:
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May 18, 2020 (T+2)
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CUSIP:
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75513EAD3 (2030 Notes)
75513EAC5 (2050 Notes)
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ISIN:
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US75513EAD31 (2030 Notes)
US75513EAC57 (2050 Notes)
|
Denominations:
|
$2,000 x $1,000
|
Ratings*:
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A-/Baa1 (Negative/Review for upgrade)
|
Joint Book-Running Managers:
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BofA Securities, Inc.
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Citigroup Global Markets Inc.
|
|
Deutsche Bank Securities Inc.
|
|
J.P. Morgan Securities LLC
|
|
BNP Paribas Securities Corp.
|
|
Goldman Sachs & Co. LLC
|
|
Mizuho Securities USA LLC
|
|
Morgan Stanley & Co. LLC
|
|
SMBC Nikko Securities America, Inc.
|
|
Co-Managers:
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ANZ Securities, Inc.
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BNY Mellon Capital Markets, LLC
|
|
Credit Agricole Securities (USA) Inc.
|
|
Credit Suisse Securities (USA) LLC
|
|
RBC Capital Markets, LLC
|
|
Scotia Capital (USA) Inc.
|
|
UniCredit Capital Markets LLC
|
|
U.S. Bancorp Investments, Inc.
|
|