Pricing Supplement dated May 31, 2006 (To Prospectus dated September 26, 2003 and Prospectus Supplement dated September 26, 2003) | Rule 424(b)(2) File No. 333-108464 Cusip No.88319QJ87 |
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
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Principal Amount: $20,000,000 | Initial Interest Rate: 5.19063% |
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Agent's Discount or Commission: $33,800 | Original Issue Date: June 2, 2006 |
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Net Proceeds to Issuer: $19,966,200 | Stated Maturity Date: June 2, 2009 |
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Interest Category
x | Regular Floating Rate Note |
o Floating Rate/Fixed Rate Note Fixed Rate Commencement Date:
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o Inverse Floating Rate Note o Fixed Interest Rate: % | |
Interest Rate Basis or Bases:
o CD Rate | o Federal Funds Rate | o Prime Rate |
o CMT Rate | x LIBOR | o Other (see attached) |
o Commercial Paper Rate | o Treasury Rate |
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If LIBOR:
o LIBOR Reuters Page: |
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x LIBOR Telerate Page: 3750 |
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LIBOR Currency: US$ |
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If CMT Rate:
CMT Telerate Page: o Telerate Page 7051 o Telerate Page 7052 o Weekly Average o Monthly Average |
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Spread (+/-): +8 bps | Maximum Interest Rate: % |
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Spread Multiplier: N/A | Minimum Interest Rate: % |
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Index Maturity: 1 month |
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Initial Interest Reset Date: July 2, 2006 |
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Interest Reset Dates: Monthly on the 2nd day |
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Interest Payment Dates: Monthly on the 2nd day |
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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): | |
Day Count Convention:
x Actual/360 for the period from June 2, 2006 to June 2, 2009 |
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o Actual/Actual for the period from _______ to _______ |
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o 30/360 for the period from _______ to _______ |
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Redemption:
x 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:
x 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 | x | No | |||
| Issue Price: | % |
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Total Amount of OID:
Yield to Maturity: | % |
Initial Accrual Period OID:
Agent:
o Merrill Lynch, Pierce, Fenner & Smith Incorporated o Banc of America Securities LLC x Barclays Capital Inc. o Citigroup Global Markets Inc. o Credit Suisse First Boston LLC o Deutsche Bank Securities Inc. | o HSBC Securities (USA) Inc. o J.P. Morgan Securities Inc. o Tokyo-Mitsubishi International plc o UBS Securities LLC o Wachovia Securities Inc. o Other: ____________________ |
Agent acting in the capacity as indicated below:
x Agent o Principal |
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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 ___% 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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