Pricing Supplement dated May 30, 2006 (To Prospectus dated September 26, 2003 and Prospectus Supplement dated September 26, 2003) | Rule 424(b)(2) |
File No. 333-108464 | |
Cusip No.88319QJ61 |
Textron Financial Corporation
Medium-Term Notes, Series E
Due Nine Months or More from Date of Issue
Textron Financial Canada Funding Corporation
Medium-Term Notes, Series E-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: $10,000,000 | Initial Interest Rate: to be determined * |
Agent's Discount or Commission: $10,000 | Original Issue Date: June 2, 2006 |
Net Proceeds to Issuer: $9,990,000 | Stated Maturity Date: June 2, 2008 |
Interest Category
[ X ] Regular Floating Rate Note |
[ ] Floating Rate/Fixed Rate Note Fixed Rate Commencement Date:
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[ ] Inverse Floating Rate Note [ ] Fixed Interest Rate: % |
Interest Rate Basis or Bases:
[ ] CD Rate | [ ] Federal Funds Rate | [ ] Prime Rate |
[ ] CMT Rate | [ X ] LIBOR | [ ] Other (see attached) |
[ ] Commercial Paper Rate | [ ] Treasury Rate |
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If LIBOR:
[ ] LIBOR Reuters Page: |
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[ X ] LIBOR Telerate Page: 3750 |
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LIBOR Currency: US$ |
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If CMT Rate:
CMT Telerate Page: [ ]Telerate Page 7051 [ ]Telerate Page 7052 [ ]Weekly Average [ ]Monthly Average |
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Spread (+/-): +3 bps | Maximum Interest Rate: % |
Spread Multiplier: N/A | Minimum Interest Rate: % |
Index Maturity: 3 month | |
Initial Interest Reset Date: September 2, 2006 |
Interest Reset Dates: Quarterly, on the 2nd day of March, June, September and December
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Interest Payment Dates: Quarterly, on the 2nd day of March, June, September and December
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Interest Determination Dates: Two London business days prior to each Interest Reset Date
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Regular Record Date(s):
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Calculation Agent (if other than SunTrust Bank): |
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Day Count Convention:
[ X ] Actual/360 for the period from June 2, 2006 to June 2, 2008 |
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[ ] Actual/Actual for the period from _______ to _______ |
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[ ] 30/360 for the period from _______ to _______ |
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Redemption:
[ X ] The Notes cannot be redeemed prior to the Stated Maturity Date. |
[ ] 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:
[ X ] The Notes cannot be repaid prior to the Stated Maturity Date. |
[ ] 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 [ ] Banc of America Securities LLC [ X ] Barclays Capital Inc. [ ] Citigroup Global Markets Inc. [ ] Credit Suisse First Boston LLC [ ] Deutsche Bank Securities Inc.
| [ ] HSBC Securities (USA) Inc. [ ] J.P. Morgan Securities Inc. [ ] Tokyo-Mitsubishi International plc [ ] UBS Securities LLC [ ] Wachovia Securities Inc. [ ] Other: ____________________ |
Agent acting in the capacity as indicated below:
[ X ] Agent [ ] Principal |
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If as Principal:
[ ] 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 initial public offering price of 100% of the Principal Amount.
Other provisions:
The notes offered by this pricing supplement form a part of the same series as, and are fungible with, our outstanding notes due June 2, 2008 that were traded on May 24, 2006. Upon completion of this offering the aggregate principal amount of outstanding notes of this series will be $110,000,000.
* Initial Interest Rate will be set on June 2, 2006 as determined 2 London business days prior.
Terms are not completed for certain items above because such items are not applicable.
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