Issuer:
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Raytheon Technologies Corporation
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Title:
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2.375% Notes due 2032 (the “2032 Notes”)
3.030% Notes due 2052 (the “2052 Notes”)
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Principal Amount:
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$ 1,000,000,000 (2032 Notes)
$ 1,100,000,000 (2052 Notes)
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Maturity Date:
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March 15, 2032 (2032 Notes)
March 15, 2052 (2052 Notes)
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Coupon:
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2.375% (2032 Notes)
3.030% (2052 Notes)
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Price to Public:
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99.983% of face amount (2032 Notes)
99.963% of face amount (2052 Notes)
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Underwriting Discount:
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0.450% (2032 Notes)
0.875% (2052 Notes)
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Yield to Maturity:
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2.377% (2032 Notes)
3.032% (2052 Notes)
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Spread to Benchmark Treasury:
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+80.0 basis points (2032 Notes)
+105.0 basis points (2052 Notes)
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Benchmark Treasury:
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1.250% due August 15, 2031 (2032 Notes)
2.375% due May 15, 2051 (2052 Notes)
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Benchmark Treasury Price and Yield:
|
97-01+; 1.577% (2032 Notes)
108-24; 1.982% (2052 Notes)
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Interest Payment Dates:
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Semi-annually on March 15 and September 15, commencing March 15, 2022. Interest will accrue from November 16, 2021.
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Day Count Convention:
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30/360
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Make-Whole Call:
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+15.0 basis points (prior to December 15, 2031) (2032 Notes)
+20.0 basis points (prior to September 15, 2051) (2052 Notes)
|
Par Call:
|
On or after December 15, 2031 (2032 Notes)
On or after September 15, 2051 (2052 Notes)
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Proceeds, Before Expenses:
|
$ 995,330,000 (2032 Notes)
$ 1,089,968,000 (2052 Notes)
|
Trade Date:
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November 1, 2021
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Settlement Date:
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November 16, 2021 (T+10)
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CUSIP:
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75513E CN9 (2032 Notes)
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75513E CP4 (2052 Notes)
|
|
ISIN:
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US75513ECN94 (2032 Notes)
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US75513ECP43 (2052 Notes)
|
|
Denominations:
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$2,000 x $1,000
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Ratings*:
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Baa1/A- (stable/negative)
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Joint Book-Running Managers:
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BNP Paribas Securities Corp.
|
BofA Securities, Inc.
|
|
J.P. Morgan Securities LLC
|
|
Morgan Stanley & Co. LLC
|
|
Citigroup Global Markets Inc.
|
|
Deutsche Bank Securities Inc.
|
|
Goldman Sachs & Co. LLC
|
|
Senior Co-Managers:
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Barclays Capital Inc.
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Credit Agricole Securities (USA) Inc.
|
|
Mizuho Securities USA LLC
|
|
MUFG Securities Americas Inc.
|
|
RBC Capital Markets, LLC
|
|
SMBC Nikko Securities America, Inc.
|
|
UniCredit Capital Markets, LLC
|
|
Wells Fargo Securities, LLC
|
|
Co-Managers:
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Academy Securities Inc.
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Blaylock Van, LLC
|
|
CastleOak Securities, L.P.
|
|
Mischler Financial Group, Inc.
|
|
R. Seelaus & Co., LLC
|
|
Siebert Williams Shank & Co., LLC
|