Filed Pursuant to Rule 433
Registration Statement No. 333-165036
February 14, 2011
Honeywell International Inc.
Pricing Term Sheet
4.250% Senior Notes due 2021
| Issuer: | Honeywell International Inc. | |
| Principal Amount: | $800,000,000 | |
| Coupon: | 4.250% | |
| Stated Maturity Date: | March 1, 2021 | |
| Price to Public: | 99.747% | |
| Yield to Maturity: | 4.281% | |
| US Treasury Benchmark: | 3.625% due February 15, 2021 | |
| US Treasury Yield: | 3.601% | |
| Spread to US Treasury: | 68bp | |
| Trade Date: | February 14, 2011 | |
| Original Issue/Settlement Date: | February 17, 2011 | |
| Interest Payment Dates: | March 1 and September 1 of each year, | |
| commencing September 1, 2011 | ||
| Make Whole Call: | T +10bp | |
| Expected Ratings: | A2/A/A | |
| CUSIP/ISIN | 438516 BA3 / US438516BA30 | |
| Joint Bookrunners: | Merrill Lynch, Pierce, Fenner & Smith | |
|
Incorporated |
||
| Barclays Capital Inc. | ||
| Citigroup Global Markets Inc. | ||
| Senior Co-Managers: | Deutsche Bank Securities Inc. | |
| Goldman, Sachs & Co. | ||
| J.P. Morgan Securities LLC | ||
| RBS Securities Inc. | ||
| UBS Securities LLC | ||
| Co-Managers: | BBVA Securities Inc. | |
| BNP Paribas Securities Corp. | ||
| HSBC Securities (USA) Inc. | ||
| Mitsubishi UFJ Securities (USA), Inc. | ||
| SG Americas Securities, LLC | ||
| Banca IMI S.p.A. |
Note: A credit rating of a security is not a recommendation to buy, sell or hold such security and may be subject to review, revision, suspension, reduction or withdrawal at any time by the assigning rating agency. Each of the ratings included herein should be evaluated independently of any other rating.
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 Web site 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 Merrill Lynch, Pierce, Fenner & Smith Incorporated at (800) 294-1322 (toll free), Barclays Capital Inc. at (888) 603-5847 (toll free), or Citigroup Global Markets Inc. at (877) 858-5407 (toll free).
Filed Pursuant to Rule 433
Registration Statement No. 333-165036
February 14, 2011
Honeywell International Inc.
Pricing Term Sheet
5.375% Senior Notes due 2041
| Issuer: | Honeywell International Inc. | |
| Principal Amount: | $600,000,000 | |
| Coupon: | 5.375% | |
| Stated Maturity Date: | March 1, 2041 | |
| Price to Public: | 98.865% | |
| Yield to Maturity: | 5.452% | |
| US Treasury Benchmark: | 4.250% due November 15, 2040 | |
| US Treasury Yield: | 4.672% | |
| Spread to US Treasury: | 78bp | |
| Trade Date: | February 14, 2011 | |
| Original Issue/Settlement Date: | February 17, 2011 | |
| Interest Payment Dates: | March 1 and September 1 of each year, | |
| commencing September 1, 2011 | ||
| Make Whole Call: | T +15bp | |
| Expected Ratings: | A2/A/A | |
| CUSIP/ISIN | 438516 BB1 / US438516BB13 | |
| Joint Bookrunners: | Merrill Lynch, Pierce, Fenner & Smith | |
|
Incorporated |
||
| Barclays Capital Inc. | ||
| Citigroup Global Markets Inc. | ||
| Senior Co-Managers: | Deutsche Bank Securities Inc. | |
| Goldman, Sachs & Co. | ||
| J.P. Morgan Securities LLC | ||
| RBS Securities Inc. | ||
| UBS Securities LLC | ||
| Co-Managers: | BBVA Securities Inc. | |
| BNP Paribas Securities Corp. | ||
| HSBC Securities (USA) Inc. | ||
| Mitsubishi UFJ Securities (USA), Inc. | ||
| SG Americas Securities, LLC | ||
| Banca IMI S.p.A. |
Note: A credit rating of a security is not a recommendation to buy, sell or hold such security and may be subject to review, revision, suspension, reduction or withdrawal at any time by the assigning rating agency. Each of the ratings included herein should be evaluated independently of any other rating.
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 Web site 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 Merrill Lynch, Pierce, Fenner & Smith Incorporated at (800) 294-1322 (toll free), Barclays Capital Inc. at (888) 603-5847 (toll free), or Citigroup Global Markets Inc. at (877) 858-5407 (toll free).