<SEC-DOCUMENT>0001104659-20-038360.txt : 20200325
<SEC-HEADER>0001104659-20-038360.hdr.sgml : 20200325
<ACCEPTANCE-DATETIME>20200325171520
ACCESSION NUMBER:		0001104659-20-038360
CONFORMED SUBMISSION TYPE:	FWP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20200325
DATE AS OF CHANGE:		20200325

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			DEERE & CO
		CENTRAL INDEX KEY:			0000315189
		STANDARD INDUSTRIAL CLASSIFICATION:	FARM MACHINERY & EQUIPMENT [3523]
		IRS NUMBER:				362382580
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1101

	FILING VALUES:
		FORM TYPE:		FWP
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	333-218760
		FILM NUMBER:		20743123

	BUSINESS ADDRESS:	
		STREET 1:		ONE JOHN DEERE PLACE
		CITY:			MOLINE
		STATE:			IL
		ZIP:			61265-8098
		BUSINESS PHONE:		(309) 765-8000

	MAIL ADDRESS:	
		STREET 1:		ONE JOHN DEERE PLACE
		CITY:			MOLINE
		STATE:			IL
		ZIP:			61265-8098

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			DEERE & CO
		CENTRAL INDEX KEY:			0000315189
		STANDARD INDUSTRIAL CLASSIFICATION:	FARM MACHINERY & EQUIPMENT [3523]
		IRS NUMBER:				362382580
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1101

	FILING VALUES:
		FORM TYPE:		FWP

	BUSINESS ADDRESS:	
		STREET 1:		ONE JOHN DEERE PLACE
		CITY:			MOLINE
		STATE:			IL
		ZIP:			61265-8098
		BUSINESS PHONE:		(309) 765-8000

	MAIL ADDRESS:	
		STREET 1:		ONE JOHN DEERE PLACE
		CITY:			MOLINE
		STATE:			IL
		ZIP:			61265-8098
</SEC-HEADER>
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<P STYLE="text-align: right; margin: 0"><B>&nbsp;Filed Pursuant to Rule 433</B></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">Dated March 25, 2020<BR>
Registration Statement No. 333-218760<BR>
Relating to Preliminary Prospectus Supplement</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">Dated March 25, 2020 to</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">Prospectus dated June 15, 2017</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-weight: normal">DEERE
 &amp; COMPANY</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-weight: normal">2.750%
Notes due 2025</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-weight: normal">3.100%
Notes due 2030</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-weight: normal">3.750%
Notes due 2050</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">Term Sheet dated March 25, 2020</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 34%; font-size: 10pt">Issuer:</TD>
    <TD STYLE="width: 66%; font-size: 10pt">Deere &amp; Company</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">Trade Date:</TD>
    <TD STYLE="font-size: 10pt">March 25, 2020</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">Type of Offering:</TD>
    <TD STYLE="font-size: 10pt">SEC registered</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">Expected Ratings*:</TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Moody&rsquo;s Investors Service, Inc.: A2</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Standard &amp; Poor&rsquo;s Ratings Services: A</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Fitch Ratings, Inc.: A</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">Settlement Date**:</TD>
    <TD STYLE="font-size: 10pt">March 30, 2020 (T+3)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">Security:</TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">2.750% Notes due 2025 (the &ldquo;2025 Notes&rdquo;)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">3.100% Notes due 2030 (the &ldquo;2030 Notes&rdquo;)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">3.750% Notes due 2050 (the &ldquo;2050 Notes&rdquo;)</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">Size:</TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">2025 Notes: $700,000,000</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">2030 Notes: $700,000,000</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">2050 Notes: $850,000,000</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">Maturity Date:</TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">2025 Notes: April 15, 2025</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">2030 Notes: April 15, 2030</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">2050 Notes: April 15, 2050</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">Interest Payment Dates:</TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">2025 Notes: April 15 and October 15, commencing on October 15,
        2020 (long first coupon)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">2030 Notes: April 15 and October 15, commencing on October 15,
        2020 (long first coupon)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">2050 Notes: April 15 and October 15, commencing on
October 15, 2020 (long first coupon)</P></TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

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<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; width: 34%">Benchmark Treasury:</TD>
    <TD STYLE="width: 66%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">2025 Notes: 1.125% UST due February 28, 2025</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">2030 Notes: 1.500% UST due February 15, 2030</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">2050 Notes: 2.375% UST due November 15, 2049</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">Benchmark Treasury Yield and Price:</TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">2025 Notes: 0.529%; 102-28<SUP>3</SUP>/<SUB>4</SUB></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">2030 Notes: 0.872%; 105-30</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">2050 Notes: 1.500%; 120-28</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">Yield to Maturity:</TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">2025 Notes: 2.779%</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">2030 Notes: 3.122%</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">2050 Notes: 3.750%</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">Spread to Benchmark Treasury:</TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">2025 Notes: 225 basis points</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">2030 Notes: 225 basis points</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">2050 Notes: 225 basis points</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">Coupon (Interest Rate):</TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">2025 Notes: 2.750% per year</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">2030 Notes: 3.100% per year</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">2050 Notes: 3.750% per year</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">Price to Public:</TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">2025 Notes: 99.864% of principal amount, plus accrued
        interest, if any, from March 30, 2020</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">2030 Notes: 99.811% of principal amount, plus accrued
        interest, if any, from March 30, 2020</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">2050 Notes: 99.998% of principal amount, plus accrued
        interest, if any, from March 30, 2020</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">Net Proceeds to the Issuer (before expenses):</TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">2025 Notes: $696,598,000</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">2030 Notes: $695,352,000</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">2050 Notes: $842,545,500</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">Optional Redemption:</TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">2025 Notes: Make-whole call based on U.S. Treasury
        + 0.350% (+35 basis points); if, however, the Notes are redeemed on or after March 15, 2025, the redemption price will
        be equal to 100% of the principal amount of the Notes to be redeemed, plus accrued interest thereon to the date of redemption.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">2030 Notes: Make-whole call based on U.S. Treasury
        + 0.350% (+35 basis points); if, however, the Notes are redeemed on or after January 15, 2030, the redemption price will
        be equal to 100% of the principal amount of the Notes to be redeemed, plus accrued interest thereon to the date of redemption.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">2050 Notes: Make-whole call based on U.S. Treasury
        + 0.350% (+35 basis points); if, however, the Notes are redeemed on or after October 15, 2049, the redemption price will
        be equal to 100% of the principal amount of the Notes to be redeemed, plus accrued interest thereon to the date of redemption.&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

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    <TD STYLE="font-size: 10pt; width: 34%">CUSIP / ISIN:</TD>
    <TD STYLE="width: 66%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">2025 Notes: 244199 BH7 / US244199BH70</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">2030 Notes: 244199 BJ3 / US244199BJ37</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">2050 Notes: 244199 BK0 / US244199BK00&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">Joint Book-Running Managers:</TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">BofA Securities, Inc.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Citigroup Global Markets Inc.<BR>
        Goldman Sachs &amp; Co. LLC</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">J.P. Morgan Securities LLC</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">MUFG Securities Americas Inc.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">RBC Capital Markets, LLC&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">Senior Co-Manager:</TD>
    <TD STYLE="font-size: 10pt">TD Securities (USA) LLC</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">Co-Managers:</TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">PNC Capital Markets LLC</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">U.S. Bancorp Investments, Inc.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Wells Fargo Securities, LLC</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">*A securities rating is not a recommendation
to buy, sell or hold the securities and may be subject to revision or withdrawal at any time.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">** Pursuant to Rule 15c6-1 under the
Securities Exchange Act of 1934, trades in the secondary market generally are required to settle in two business days unless the
parties to any such trade expressly agree otherwise. Accordingly, purchasers of the notes who wish to trade the notes on the date
hereof will be required, by virtue of the fact that the notes initially will settle in T+3, to specify an alternative settlement
cycle at the time of any such trade to prevent failed settlement.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The issuer has filed a registration
statement (including a prospectus) and a preliminary prospectus supplement with the SEC for the offering to which this communication
relates. Before you invest, you should read the preliminary prospectus supplement and 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 preliminary prospectus supplement and the prospectus if you
request it by calling BofA Securities, Inc. toll-free at&nbsp;1-800-294-1322,&nbsp;Citigroup Global Markets Inc. toll-free at&nbsp;1-800-831-9146,&nbsp;Goldman
Sachs &amp; Co. LLC toll-free at&nbsp;1-866-471-2526, J.P. Morgan Securities LLC collect at&nbsp;1-212-834-4533, MUFG Securities
Americas Inc. toll-free at&nbsp;1-877-649-6848 or RBC Capital Markets, LLC toll-free at 1-866-375-6829.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Any disclaimers or other notices that
may appear below are not applicable to this communication and should be disregarded. Such disclaimers or other notices were automatically
generated as a result of this communication being sent via Bloomberg or another email system.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

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