Filed Pursuant to Rule 433
Free Writing Prospectus dated May 14, 2020
Relating to Preliminary Prospectus Supplement dated May 14, 2020 and
Prospectus dated December 10, 2018
Registration No. 333-228729
Honeywell International Inc.
Pricing Term Sheet
1.350% Senior Notes due 2025
| Issuer: | Honeywell International Inc. |
| Security Type: | Senior Unsecured |
| Offering Format: | SEC Registered |
| Principal Amount: | $1,250,000,000 |
| Coupon: | 1.350% |
| Stated Maturity Date: | June 1, 2025 |
| Benchmark Treasury: | 0.375% due April 30, 2025 |
| Benchmark Treasury Price / Yield: | 100-11+ / 0.302% |
| Spread to Benchmark Treasury: | + 105 bps |
| Yield to Maturity: | 1.352% |
| Price to Public: | 99.990% of the principal amount |
| Trade Date: | May 14, 2020 |
| Original Issue/Settlement Date: | May 18, 2020 (T+2) |
| Interest Payment Dates: | June 1 and December 1 of each year, commencing December 1, 2020 |
| Optional Redemption: | Prior to May 1, 2025, make-whole call at 20 basis points; par call on and after May 1, 2025 |
| CUSIP / ISIN: | 438516 CB0 / US438516CB04 |
| Expected Ratings (Moody’s / S&P / Fitch):* | A2 / A / A |
| Joint Book-Running Managers: |
BofA Securities, Inc. Citigroup Global Markets Inc. J.P. Morgan Securities LLC Wells Fargo Securities, LLC Deutsche Bank Securities, Inc. Mizuho Securities USA LLC Morgan Stanley & Co. LLC SMBC Nikko Securities America, Inc.
|
|
Senior Co-Managers: |
BNP Paribas Securities Corp.
|
| Co-Managers: | U.S. Bancorp Investments, Inc. Credit Agricole Securities (USA) Inc. |
*Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.
The issuer has filed a registration statement (including a prospectus and the accompanying prospectus supplement) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus and the accompanying prospectus supplement in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus and the accompanying prospectus supplement if you request it by calling BofA Securities, Inc. at (800) 294-1322 (toll-free), Citigroup Global Markets Inc. at (800) 831-9146 (toll-free), J.P. Morgan Securities LLC at (212) 834-4533 (collect) and Wells Fargo Securities, LLC at (800) 645-3751 (toll-free).
Any disclaimer or other notice that may appear below is not applicable to this communication and should be disregarded. Such disclaimer or notice was automatically generated as a result of this communication being sent by Bloomberg or another email system.
Honeywell International Inc.
Pricing Term Sheet
1.950% Senior Notes due 2030
| Issuer: |
Honeywell International Inc.
|
| Security Type: | Senior Unsecured |
| Offering Format: | SEC Registered |
| Principal Amount: | $1,000,000,000 |
| Coupon: | 1.950% |
| Stated Maturity Date: | June 1, 2030 |
| Benchmark Treasury: | 1.500% due February 15, 2030 |
| Benchmark Treasury Price / Yield: | 108-12 ¾ / 0.612% |
| Spread to Benchmark Treasury: | + 135 bps |
| Yield to Maturity: | 1.962% |
| Price to Public: | 99.891% of the principal amount |
| Trade Date: | May 14, 2020 |
| Original Issue/Settlement Date: | May 18, 2020 (T+2) |
| Interest Payment Dates: | June 1 and December 1 of each year, commencing December 1, 2020 |
| Optional Redemption: | Prior to March 1, 2030, make-whole call at 25 basis points; par call on and after March 1, 2030 |
| CUSIP / ISIN: | 438516 BZ8 / US438516BZ80 |
| Expected Ratings (Moody’s / S&P / Fitch):* | A2 / A / A |
| Joint Book-Running Managers: |
BofA Securities, Inc. Citigroup Global Markets Inc. J.P. Morgan Securities LLC Wells Fargo Securities, LLC Deutsche Bank Securities, Inc. Mizuho Securities USA LLC Morgan Stanley & Co. LLC SMBC Nikko Securities America, Inc.
|
| Senior Co-Managers: |
BNP Paribas Securities Corp.
|
| Co-Managers: | U.S. Bancorp Investments, Inc. Credit Agricole Securities (USA) Inc. |
*Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.
The issuer has filed a registration statement (including a prospectus and the accompanying prospectus supplement) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus and the accompanying prospectus supplement in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus and the accompanying prospectus supplement if you request it by calling BofA Securities, Inc. at (800) 294-1322 (toll-free), Citigroup Global Markets Inc. at (800) 831-9146 (toll-free), J.P. Morgan Securities LLC at (212) 834-4533 (collect) and Wells Fargo Securities, LLC at (800) 645-3751 (toll-free).
Any disclaimer or other notice that may appear below is not applicable to this communication and should be disregarded. Such disclaimer or notice was automatically generated as a result of this communication being sent by Bloomberg or another email system.
Honeywell International Inc.
Pricing Term Sheet
2.800% Senior Notes due 2050
| Issuer: | Honeywell International Inc. |
| Security Type: | Senior Unsecured |
| Offering Format: | SEC Registered |
| Principal Amount: | $750,000,000 |
| Coupon: | 2.800% |
| Stated Maturity Date: | June 1, 2050 |
| Benchmark Treasury: | 2.375% due November 15, 2049 |
| Benchmark Treasury Price / Yield: | 126-21 / 1.286% |
| Spread to Benchmark Treasury: | + 155 bps |
| Yield to Maturity: | 2.836% |
| Price to Public: | 99.275% of the principal amount |
| Trade Date: | May 14, 2020 |
| Original Issue/Settlement Date: | May 18, 2020 (T+2) |
| Interest Payment Dates: | June 1 and December 1 of each year, commencing December 1, 2020 |
| Optional Redemption: | Prior to December 1, 2049, make-whole call at 25 basis points; par call on and after December 1, 2049 |
| CUSIP / ISIN: | 438516 CA2 / US438516CA21 |
| Expected Ratings (Moody’s / S&P / Fitch):* | A2 / A / A |
| Joint Book-Running Managers: |
BofA Securities, Inc. Citigroup Global Markets Inc. J.P. Morgan Securities LLC Wells Fargo Securities, LLC Deutsche Bank Securities, Inc. Mizuho Securities USA LLC Morgan Stanley & Co. LLC SMBC Nikko Securities America, Inc.
|
|
Senior Co-Managers: |
BNP Paribas Securities Corp.
|
| Co-Managers: | U.S. Bancorp Investments, Inc. Credit Agricole Securities (USA) Inc. |
*Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.
The issuer has filed a registration statement (including a prospectus and the accompanying prospectus supplement) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus and the accompanying prospectus supplement in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus and the accompanying prospectus supplement if you request it by calling BofA Securities, Inc. at (800) 294-1322 (toll-free), Citigroup Global Markets Inc. at (800) 831-9146 (toll-free), J.P. Morgan Securities LLC at (212) 834-4533 (collect) and Wells Fargo Securities, LLC at (800) 645-3751 (toll-free).
Any disclaimer or other notice that may appear below is not applicable to this communication and should be disregarded. Such disclaimer or notice was automatically generated as a result of this communication being sent by Bloomberg or another email system.