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Pricing Supplement dated April 23, 2008 (To Prospectus dated November 16, 2006 and Prospectus Supplement dated November 16, 2006) | | Rule 424(b)(2) File No. 333-138755 Cusip No. 88319QM59 |
Textron Financial Corporation
Medium-Term Notes, Series F
Due Nine Months or More from Date of Issue
Textron Financial Canada Funding Corp.
Medium-Term Notes, Series F-CAD
Due Nine Months or More from Date of Issue
Fully and Unconditionally Guaranteed
by
Textron Financial Corporation
Fixed Rate
Issuer: Textron Financial Corporation
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Principal Amount: $300,000,000 | | Interest Rate: 5.40% per annum |
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Issue Price: 99.952% | | Original Issue Date : April 28, 2008 |
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Agent’s Discount or Commission: $1,200,000 | | Stated Maturity Date: April 28, 2013 |
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Net Proceeds to Issuer : $298,656,000 | | |
CALCULATION OF REGISTRATION FEE
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|
| Title of each class | | | Maximum Aggregate | | | Amount of | |
| of securities offered: | | | Offering Price (1): | | | Registration Fee | |
| Medium-Term Notes, Series F due April 28, 2013 | | | $300,000,000 | | | $11,790.00 | |
| TOTAL | | | | | | $11,790.00 | |
|
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(1) | | Excludes accrued interest, if any. |
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Interest Payment Dates: |
| | o | | March 15th and September 15th |
| | ý | | Other: April 28th and October 28th |
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Regular Record Dates |
(if other than the last day of February and August): April 13th and October 13th |
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Redemption: | | |
| | ý | | The Notes cannot be redeemed prior to the Stated Maturity Date. |
| | o | | 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: |
| | ý | | The Notes cannot be repaid prior to the Stated Maturity Date at the option of the holder of the Notes. |
| | 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 Yesý No
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| | Issue Price: % |
| | | | Total Amount of OID: |
| | | | Yield to Maturity: |
| | | | Initial Accrual Period OID: |
Agent:
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ý | | Merrill Lynch, Pierce, Fenner & Smith | | ý | | HSBC Securities (USA) Inc.
|
| | Incorporated | | o | | J.P. Morgan Securities Inc. |
o | | Banc of America Securities LLC | | o | | Tokyo-Mitsubishi International plc |
ý | | Barclays Capital Inc. | | o | | UBS Securities LLC |
o | | Citigroup Global Markets Inc. | | o | | Wachovia Capital Markets, LLC |
o | | Credit Suisse First Boston LLC | | o | | Other: |
ý | | Deutsche Bank Securities Inc. | | | | |
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Agent acting in the capacity as indicated below: |
ý | | 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 Variable Price. |
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Other Provisions: |
Terms are not completed for certain items above because such items are not applicable.