<SEC-DOCUMENT>0001104659-23-084823.txt : 20230727
<SEC-HEADER>0001104659-23-084823.hdr.sgml : 20230727
<ACCEPTANCE-DATETIME>20230727165922
ACCESSION NUMBER:		0001104659-23-084823
CONFORMED SUBMISSION TYPE:	FWP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20230727
DATE AS OF CHANGE:		20230727

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			L3HARRIS TECHNOLOGIES, INC. /DE/
		CENTRAL INDEX KEY:			0000202058
		STANDARD INDUSTRIAL CLASSIFICATION:	SEARCH, DETECTION, NAVIGATION, GUIDANCE, AERONAUTICAL SYS [3812]
		IRS NUMBER:				340276860
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1229

	FILING VALUES:
		FORM TYPE:		FWP
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	333-270103
		FILM NUMBER:		231119257

	BUSINESS ADDRESS:	
		STREET 1:		1025 W NASA BLVD
		CITY:			MELBOURNE
		STATE:			FL
		ZIP:			32919
		BUSINESS PHONE:		3217279100

	MAIL ADDRESS:	
		STREET 1:		1025 W NASA BLVD
		CITY:			MELBOURNE
		STATE:			FL
		ZIP:			32919

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	HARRIS CORP /DE/
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	HARRIS SEYBOLD CO
		DATE OF NAME CHANGE:	19600201

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			L3HARRIS TECHNOLOGIES, INC. /DE/
		CENTRAL INDEX KEY:			0000202058
		STANDARD INDUSTRIAL CLASSIFICATION:	SEARCH, DETECTION, NAVIGATION, GUIDANCE, AERONAUTICAL SYS [3812]
		IRS NUMBER:				340276860
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1229

	FILING VALUES:
		FORM TYPE:		FWP

	BUSINESS ADDRESS:	
		STREET 1:		1025 W NASA BLVD
		CITY:			MELBOURNE
		STATE:			FL
		ZIP:			32919
		BUSINESS PHONE:		3217279100

	MAIL ADDRESS:	
		STREET 1:		1025 W NASA BLVD
		CITY:			MELBOURNE
		STATE:			FL
		ZIP:			32919

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	HARRIS CORP /DE/
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	HARRIS SEYBOLD CO
		DATE OF NAME CHANGE:	19600201
</SEC-HEADER>
<DOCUMENT>
<TYPE>FWP
<SEQUENCE>1
<FILENAME>tm2322279d1_fwp.htm
<DESCRIPTION>FWP
<TEXT>
<HTML>
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     <TITLE></TITLE>
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<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Filed Pursuant to Rule 433</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Dated: July 27, 2023</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Registration Statement: No. 333- 270103</B></P>

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

<P STYLE="text-align: center; margin-top: 0; margin-bottom: 0"><B>L3Harris Technologies, Inc.</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>$1,250,000,000 5.400% Notes due 2027</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>$1,500,000,000 5.400% Notes due 2033</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>$500,000,000 5.600% Notes due 2053</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>Pricing Term Sheet</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; 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="text-align: center; width: 19%">&nbsp;</TD>
<TD STYLE="text-align: center; width: 2%">&nbsp;</TD>
<TD STYLE="text-align: center; border-bottom: Black 1pt solid; width: 25%"><B>5.400% Notes due 2027</B></TD>
<TD STYLE="text-align: center; width: 2%">&nbsp;</TD>
<TD STYLE="text-align: center; border-bottom: Black 1pt solid; width: 25%"><B>5.400% Notes due 2033</B></TD>
<TD STYLE="text-align: center; width: 2%">&nbsp;</TD>
<TD STYLE="text-align: center; border-bottom: Black 1pt solid; width: 25%"><B>5.600% Notes due 2053</B></TD></TR>
<TR STYLE="vertical-align: top">
<TD><FONT STYLE="font-size: 10pt">Issuer:</FONT></TD>
<TD>&nbsp;</TD>
<TD><FONT STYLE="font-size: 10pt">L3Harris Technologies, Inc.</FONT></TD>
<TD>&nbsp;</TD>
<TD><FONT STYLE="font-size: 10pt">L3Harris Technologies, Inc.</FONT></TD>
<TD>&nbsp;</TD>
<TD><FONT STYLE="font-size: 10pt">L3Harris Technologies, Inc.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD><FONT STYLE="font-size: 10pt">Expected Ratings (Moody&rsquo;s / S&amp;P / Fitch):</FONT><SUP>(1)</SUP></TD>
<TD>&nbsp;</TD>
<TD><FONT STYLE="font-size: 10pt">Baa2 (Negative) / <BR> BBB (Negative) / <BR> BBB+ (Negative)</FONT></TD>
<TD>&nbsp;</TD>
<TD><FONT STYLE="font-size: 10pt">Baa2 (Negative) / <BR> BBB (Negative) / <BR> BBB+ (Negative)</FONT></TD>
<TD>&nbsp;</TD>
<TD><FONT STYLE="font-size: 10pt">Baa2 (Negative) / <BR> BBB (Negative) / <BR> BBB+ (Negative)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD><FONT STYLE="font-size: 10pt">Security Type:</FONT></TD>
<TD>&nbsp;</TD>
<TD><FONT STYLE="font-size: 10pt">Senior unsecured notes (the&nbsp;&ldquo;2027 Notes&rdquo;)</FONT></TD>
<TD>&nbsp;</TD>
<TD><FONT STYLE="font-size: 10pt">Senior unsecured notes (the&nbsp;&ldquo;2033 Notes&rdquo;)</FONT></TD>
<TD>&nbsp;</TD>
<TD><FONT STYLE="font-size: 10pt">Senior unsecured notes (the&nbsp;&ldquo;2053 Notes&rdquo;)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD><FONT STYLE="font-size: 10pt">Principal Amount:</FONT></TD>
<TD>&nbsp;</TD>
<TD><FONT STYLE="font-size: 10pt">$1,250,000,000</FONT></TD>
<TD>&nbsp;</TD>
<TD><FONT STYLE="font-size: 10pt">$1,500,000,000</FONT></TD>
<TD>&nbsp;</TD>
<TD><FONT STYLE="font-size: 10pt">$500,000,000</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD><FONT STYLE="font-size: 10pt">Trade Date:</FONT></TD>
<TD>&nbsp;</TD>
<TD><FONT STYLE="font-size: 10pt">July 27, 2023</FONT></TD>
<TD>&nbsp;</TD>
<TD><FONT STYLE="font-size: 10pt">July 27, 2023</FONT></TD>
<TD>&nbsp;</TD>
<TD><FONT STYLE="font-size: 10pt">July 27, 2023</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD><FONT STYLE="font-size: 10pt">Settlement Date (T+2):</FONT></TD>
<TD>&nbsp;</TD>
<TD><FONT STYLE="font-size: 10pt">July 31, 2023</FONT></TD>
<TD>&nbsp;</TD>
<TD><FONT STYLE="font-size: 10pt">July 31, 2023</FONT></TD>
<TD>&nbsp;</TD>
<TD><FONT STYLE="font-size: 10pt">July 31, 2023</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD><FONT STYLE="font-size: 10pt">Maturity Date:</FONT></TD>
<TD>&nbsp;</TD>
<TD><FONT STYLE="font-size: 10pt">January 15, 2027</FONT></TD>
<TD>&nbsp;</TD>
<TD><FONT STYLE="font-size: 10pt">July 31, 2033</FONT></TD>
<TD>&nbsp;</TD>
<TD><FONT STYLE="font-size: 10pt">July 31, 2053</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD><FONT STYLE="font-size: 10pt">Interest Payment Dates:</FONT></TD>
<TD>&nbsp;</TD>
<TD><FONT STYLE="font-size: 10pt">January 15 and July 15 of each year, commencing on January 15, 2024</FONT></TD>
<TD>&nbsp;</TD>
<TD><FONT STYLE="font-size: 10pt">January 31 and July 31 of each year, commencing on January 31, 2024</FONT></TD>
<TD>&nbsp;</TD>
<TD><FONT STYLE="font-size: 10pt">January 31 and July 31 of each year, commencing on January 31, 2024</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD><FONT STYLE="font-size: 10pt">Public Offering Price:</FONT></TD>
<TD>&nbsp;</TD>
<TD><FONT STYLE="font-size: 10pt">99.869% of the principal amount, plus accrued and unpaid interest, if any, from July 31, 2023</FONT></TD>
<TD>&nbsp;</TD>
<TD><FONT STYLE="font-size: 10pt">99.893% of the principal amount, plus accrued and unpaid interest, if any, from July 31, 2023</FONT></TD>
<TD>&nbsp;</TD>
<TD><FONT STYLE="font-size: 10pt">99.683% of the principal amount, plus accrued and unpaid interest, if any, from July 31, 2023</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD><FONT STYLE="font-size: 10pt">Yield to Maturity:</FONT></TD>
<TD>&nbsp;</TD>
<TD><FONT STYLE="font-size: 10pt">5.443%</FONT></TD>
<TD>&nbsp;</TD>
<TD><FONT STYLE="font-size: 10pt">5.414%</FONT></TD>
<TD>&nbsp;</TD>
<TD><FONT STYLE="font-size: 10pt">5.622%</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD><FONT STYLE="font-size: 10pt">Benchmark Treasury:</FONT></TD>
<TD>&nbsp;</TD>
<TD><FONT STYLE="font-size: 10pt">4.500% due July 15, 2026</FONT></TD>
<TD>&nbsp;</TD>
<TD><FONT STYLE="font-size: 10pt">3.375% due May 15, 2033</FONT></TD>
<TD>&nbsp;</TD>
<TD><FONT STYLE="font-size: 10pt">3.625% due February 15, 2053</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD><FONT STYLE="font-size: 10pt">Spread to Benchmark Treasury:</FONT></TD>
<TD>&nbsp;</TD>
<TD><FONT STYLE="font-size: 10pt">T+85 basis points</FONT></TD>
<TD>&nbsp;</TD>
<TD><FONT STYLE="font-size: 10pt">T+140 basis points</FONT></TD>
<TD>&nbsp;</TD>
<TD><FONT STYLE="font-size: 10pt">T+155 basis points</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD><FONT STYLE="font-size: 10pt">Benchmark Treasury Price / Yield:</FONT></TD>
<TD>&nbsp;</TD>
<TD><FONT STYLE="font-size: 10pt">99-23&frac34; / 4.593%</FONT></TD>
<TD>&nbsp;</TD>
<TD><FONT STYLE="font-size: 10pt">94-27+ / 4.014%</FONT></TD>
<TD>&nbsp;</TD>
<TD><FONT STYLE="font-size: 10pt">92-11+ / 4.072%</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD><FONT STYLE="font-size: 10pt">Interest Rate:</FONT></TD>
<TD>&nbsp;</TD>
<TD><FONT STYLE="font-size: 10pt">5.400% per annum</FONT></TD>
<TD>&nbsp;</TD>
<TD><FONT STYLE="font-size: 10pt">5.400% per annum</FONT></TD>
<TD>&nbsp;</TD>
<TD><FONT STYLE="font-size: 10pt">5.600% per annum</FONT></TD></TR>
</TABLE>

<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"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 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="width: 19%"><FONT STYLE="font-size: 10pt">Optional Redemption</FONT></TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 25%"><FONT STYLE="font-size: 10pt"><U>Make-Whole Call</U>: At any time prior to January 15, 2027 (the maturity date), at a make-whole redemption price equal to the greater of (1) the make-whole amount at a discount rate equal to the Treasury Rate (as defined in the preliminary prospectus supplement) plus 15 basis points and (2) 100% of the principal amount, in each case, plus accrued and unpaid interest to the date of redemption.</FONT></TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 25%"><FONT STYLE="font-size: 10pt"><U>Make-Whole Call</U>: At any time prior to April 30, 2033 (the date that is three months prior to the maturity date), at a make-whole redemption price equal to the greater of (1) the make-whole amount at a discount rate equal to the Treasury Rate (as defined in the preliminary prospectus supplement) plus 25 basis points and (2) 100% of the principal amount, in each case, plus accrued and unpaid interest to the date of redemption.</FONT></TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 25%"><FONT STYLE="font-size: 10pt"><U>Make-Whole Call</U>: At any time prior to January 31, 2053 (the date that is six months prior to the maturity date), at a make-whole redemption price equal to the greater of (1) the make-whole amount at a discount rate equal to the Treasury Rate (as defined in the preliminary prospectus supplement) plus 25 basis points and (2) 100% of the principal amount, in each case, plus accrued and unpaid interest to the date of redemption.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt"><U>Par Call</U>: At any time on or after April 30, 2033 (the date that is three months prior to the maturity date), at 100% of the principal amount, plus accrued and unpaid interest to the date of redemption.</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt"><U>Par Call</U>: At any time on or after January 31, 2053 (the date that is six months prior to the maturity date), at 100% of the principal amount, plus accrued and unpaid interest to the date of redemption.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">Special Mandatory Redemption</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">The 2027 Notes are subject to special mandatory redemption as described in the preliminary prospectus supplement.</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">The 2033 Notes are subject to special mandatory redemption as described in the preliminary prospectus supplement.</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">The 2053 Notes are subject to special mandatory redemption as described in the preliminary prospectus supplement.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">Minimum Denomination:</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">$2,000 x $1,000</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">$2,000 x $1,000</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">$2,000 x $1,000</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">CUSIP / ISIN:</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">502431AP4 / US502431AP47</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">502431AQ2 / US502431AQ20</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">502431AR0 / US502431AR03</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">Joint Book-Running Managers:</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">BofA Securities, Inc.<BR>
J.P. Morgan Securities LLC<BR>
U.S. Bancorp Investments, Inc.<BR>
Wells Fargo Securities, LLC<BR>
Mizuho Securities USA LLC<BR>
Scotia Capital (USA) Inc.<BR>
SMBC Nikko Securities America, Inc.<BR>
TD Securities (USA) LLC</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">BofA Securities, Inc.<BR>
J.P. Morgan Securities LLC<BR>
Scotia Capital (USA) Inc.<BR>
TD Securities (USA) LLC<BR>
Mizuho Securities USA LLC<BR>
SMBC Nikko Securities America, Inc.<BR>
U.S. Bancorp Investments, Inc.<BR>
Wells Fargo Securities, LLC</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">BofA Securities, Inc.<BR>
J.P. Morgan Securities LLC<BR>
Mizuho Securities USA LLC<BR>
SMBC Nikko Securities America, Inc.<BR>
Scotia Capital (USA) Inc.<BR>
TD Securities (USA) LLC<BR>
U.S. Bancorp Investments, Inc.<BR>
Wells Fargo Securities, LLC</FONT></TD></TR>
  </TABLE>
<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">Investing in the 2027 Notes, the 2033 Notes or the 2053 Notes involves
a number of risks. See &ldquo;<B>Risk Factors</B>&rdquo; beginning on page S-5 of the preliminary prospectus supplement.</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"><SUP>(1)</SUP> A securities rating is not a recommendation to buy,
sell, or hold securities and may be subject to revision or withdrawal at any time.</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"></P>

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<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">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 prospectus in that registration statement, the 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 the SEC website
at www.sec.gov. Alternatively, copies of the prospectus and the prospectus supplement may be obtained by contacting BofA Securities, Inc.
at 1-800-294-1322 and J.P. Morgan Securities LLC at 1-212-834-4533.</P>

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