Free Writing Prospectus Filed Pursuant to Rule 433
To Prospectus dated May 30, 2013
Preliminary Prospectus Supplement dated April 29, 2015
Registration Statement File No. 333-188957
UNITED TECHNOLOGIES CORPORATION
$850,000,000 4.150% NOTES DUE 2045
FINAL TERM SHEET DATED APRIL 29, 2015
| Issuer: |
United Technologies Corporation | |
| Title: |
4.150% Notes due 2045 | |
| Principal Amount: |
$850,000,000 | |
| Maturity: |
May 15, 2045 | |
| Coupon: |
4.150% | |
| Price to Public: |
99.862% of face amount | |
| Underwriting Discount |
0.875% | |
| Yield to maturity: |
4.158% | |
| Spread to Benchmark Treasury: |
+140 basis points | |
| Benchmark Treasury: |
3.00% due November 15, 2044 | |
| Benchmark Treasury Spot and Yield: |
104-28; 2.758% | |
| Interest Payment Dates: |
May 15 and November 15, commencing November 15, 2015 | |
| Make-Whole Call: |
+25 basis points | |
| Proceeds, Before Expenses |
$841,389,500 | |
| Trade Date: |
April 29, 2015 | |
| Settlement Date: |
May 4, 2015 (T+3) | |
| CUSIP: |
913017 CA5 | |
| ISIN: |
US913017CA50 | |
| Denominations |
$2,000 × $1,000 | |
| Ratings*: |
A2/A/A (Stable/Stable/Stable) | |
| Joint Book-Running Managers: |
J.P. Morgan Securities LLC | |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | ||
| Citigroup Global Markets Inc. | ||
| HSBC Securities (USA) Inc. | ||
| BNP Paribas Securities Corp. | ||
| Deutsche Bank Securities Inc. | ||
| Goldman, Sachs & Co. | ||
| Co-Managers: |
Barclays Capital Inc. | |
| BNY Mellon Capital Markets, LLC | ||
| Mitsubishi UFJ Securities (USA), Inc. | ||
| Mizuho Securities USA Inc. | ||
| Morgan Stanley & Co. LLC | ||
| RBC Capital Markets, LLC | ||
| Wells Fargo Securities, LLC | ||
| Banca IMI S.p.A. | ||
| Commerz Markets LLC | ||
| Santander Investment Securities Inc. | ||
| SG Americas Securities, LLC | ||
| Standard Chartered Bank | ||
| SMBC Nikko Securities America, Inc. | ||
| The Williams Capital Group, L.P. | ||
| UniCredit Capital Markets LLC | ||
| BMO Capital Markets Corp. | ||
| The Governor and Company of the Bank of Ireland |
| * | Note: A security rating is not a recommendation to buy, sell or hold securities. Additionally, the security rating may be subject to revision or withdrawal at any time by the assigning rating organization. Each rating should be evaluated independently of any other rating. |
The issuer has filed a registration statement (including a prospectus), as amended, with the SEC for the offering to which this communication relates (File No. 333-188957). Before you invest, you should read the prospectus 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 if you request it by calling Merrill Lynch, Pierce, Fenner & Smith Incorporated at 1-800-294-1322 or J.P. Morgan Securities LLC at 1-212-834-4533.
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