Pricing Supplement dated March 7, 2006 (To Prospectus dated September 26, 2003 and Prospectus Supplement dated September 26, 2003) | Rule 424(b)(2) |
File No. 333-108464 |
Cusip No. 88319QJ46 |
Textron Financial Corporation
Medium-Term Notes, Series E
Due Nine Months or More from Date of Issue
Textron Financial Canada Funding Corp.
Medium-Term Notes, Series E-CAD
Due Nine Months or More from Date of Issue
Fully and Unconditionally Guaranteed
by
Textron Financial Corporation
Fixed Rate
Issuer: Textron Financial Corporation
Principal Amount: $10,000,000 | Interest Rate: 5.50% per annum |
Issue Price: 100.000% | Original Issue Date : March 16, 2006 |
Agent's Discount or Commission: $15,000 | Stated Maturity Date: September 16, 2009 |
Net Proceeds to Issuer : $9,985,000 | |
Interest Payment Dates: [ ] March 15 and September 15 [ X ] Other: March 16 and September 16 | |
| | |
Regular Record Dates
(if other than the last day of February and August): | March 1 and September 1 |
Redemption:
[ ] The Notes cannot be redeemed prior to the Stated Maturity Date. |
[ X ] The Notes can be redeemed prior to the Stated Maturity Date. See Other Provisions |
Initial Redemption Date: |
Initial Redemption Percentage: |
Annual Redemption Percentage Reduction: _______% until Redemption Percentage is 100% of the Principal Amount. |
Optional Repayment:
| [ X ] The Notes cannot be repaid prior to the Stated Maturity Date at the option of the holder of the Notes. |
| [ ] 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: [ | ] | Yes | [ X ] | No | |
| Issue Price: % Total Amount of OID: Yield to Maturity: Initial Accrual Period OID: |
| | | | | | |
Agent:
[ ] Merrill Lynch, Pierce, Fenner & Smith Incorporated [ ] Banc of America Securities LLC [ ] Barclays Capital Inc. [ ] Citigroup Global Markets Inc. [ ] Credit Suisse First Boston LLC [ X ] Deutsche Bank Securities Inc. | [ ] HSBC Securities (USA) Inc. [ ] J.P. Morgan Securities Inc. [ ] Tokyo-Mitsubishi International plc [ ] UBS Securities LLC [ ] Wachovia Capital Markets, LLC [ ] Other: _____________________________ |
Agent acting in the capacity as indicated below:
[ ] Agent [ X ] Principal | |
If as Principal:
[ X ] The Notes are being offered at varying prices related to prevailing market prices at the time of resale. |
[ ] The Notes are being offered at a fixed initial public offering price of ______% of the Principal Amount. |
If as Agent:
The Notes are being offered at a fixed public offering price of ______% of the Principal Amount.
Other Provisions:
| Initial Redemption Date: | March 16, 2007 |
Initial Redemption Percentage: 100.000%
Subsequent Redemption Dates: September 17, 2007, March 17, 2008, September 16, 2008, and March 16, 2009
Subsequent Redemption Percentage: 100.000%
Terms are not completed for certain items above because such items are not applicable.