FWP
Final Term Sheet
Filed Pursuant to Rule 433
Registration Statement No. 333-158833
April 28, 2009
ITT Corporation
Pricing Term Sheet
6.125% Notes due 2019
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Issuer: |
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ITT Corporation |
Principal Amount: |
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$500,000,000 |
Security Type: |
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Senior Note |
Maturity: |
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May 1, 2019 |
Coupon: |
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6.125% |
Price to Public: |
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99.860% |
Yield to Maturity: |
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6.144% |
Spread to Benchmark Treasury: |
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312.5 basis points |
Benchmark Treasury: |
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2.75% notes due February 15, 2019 |
Benchmark Treasury Spot and Yield: |
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97-23+ 3.019% |
Interest Payment Dates: |
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May 1 and November 1, commencing |
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November 1, 2009 |
Make-Whole Call: |
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Treasury Rate plus 50 basis points |
Trade Date: |
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April 28, 2009 |
Settlement Date: |
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May 1, 2009 (T+3) |
Denominations: |
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$2,000 and integral multiples of $1,000 in excess thereof |
Ratings: |
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Moody's: Baa1 (stable outlook) |
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Standard & Poor's: BBB+ (stable outlook) |
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Fitch: A- (stable outlook) |
CUSIP/ISIN: |
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450679BX2 / US450679BX23 |
Joint Book-Running Managers: |
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Citigroup Global Markets Inc. |
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J.P. Morgan Securities Inc. |
Joint Lead Managers: |
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Morgan Stanley & Co. Incorporated |
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RBS Securities Inc. |
Senior Co-Managers: |
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ING Financial Markets LLC |
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Mitsubishi UFJ Securities (USA), Inc. |
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SG Americas Securities, LLC |
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UBS Securities LLC |
Co-Managers: |
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Barclays Capital Inc. |
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BNP Paribas Securities Corp. |
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Goldman, Sachs & Co. |
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Lazard Capital Markets LLC |
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U.S. Bancorp Investments, Inc. |
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Wells Fargo Securities, LLC |
Note: Ratings are not a recommendation to purchase, hold or sell the notes, inasmuch as the ratings
do not comment as to market price or suitability for a particular investor. The ratings are based
on current information furnished to the rating agencies by the issuer and information obtained by
the rating agencies from other sources. The ratings are only accurate as of the date hereof and may
be changed, superseded or withdrawn as a result of changes in, or unavailability of, such
information.
The issuer has filed a registration statement (including a prospectus) with the SEC for the
offering to which this communication relates. Before you invest, you should read the prospectus in
that registration statement, the related preliminary prospectus supplement 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 related prospectus supplement if you request it by calling
Citigroup Global Markets Inc. toll free at 1-877-858-5407 or J.P. Morgan Securities Inc. collect at
212-834-4533.
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.
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