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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000950123-09-045256.txt : 20090923
<SEC-HEADER>0000950123-09-045256.hdr.sgml : 20090923
<ACCEPTANCE-DATETIME>20090923170357
ACCESSION NUMBER:		0000950123-09-045256
CONFORMED SUBMISSION TYPE:	FWP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20090923
DATE AS OF CHANGE:		20090923

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ARROW ELECTRONICS INC
		CENTRAL INDEX KEY:			0000007536
		STANDARD INDUSTRIAL CLASSIFICATION:	WHOLESALE-ELECTRONIC PARTS & EQUIPMENT, NEC [5065]
		IRS NUMBER:				111806155
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		FWP
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	333-162070
		FILM NUMBER:		091083095

	BUSINESS ADDRESS:	
		STREET 1:		25 HUB DR
		CITY:			MELVILLE
		STATE:			NY
		ZIP:			11747
		BUSINESS PHONE:		5163911300

	MAIL ADDRESS:	
		STREET 1:		50 MARCUS DR
		CITY:			MELVILLE
		STATE:			NY
		ZIP:			11747

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ARROW ELECTRONICS INC
		CENTRAL INDEX KEY:			0000007536
		STANDARD INDUSTRIAL CLASSIFICATION:	WHOLESALE-ELECTRONIC PARTS & EQUIPMENT, NEC [5065]
		IRS NUMBER:				111806155
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		FWP

	BUSINESS ADDRESS:	
		STREET 1:		25 HUB DR
		CITY:			MELVILLE
		STATE:			NY
		ZIP:			11747
		BUSINESS PHONE:		5163911300

	MAIL ADDRESS:	
		STREET 1:		50 MARCUS DR
		CITY:			MELVILLE
		STATE:			NY
		ZIP:			11747
</SEC-HEADER>
<DOCUMENT>
<TYPE>FWP
<SEQUENCE>1
<FILENAME>y79325fpfwp.htm
<DESCRIPTION>FWP
<TEXT>
<HTML>
<HEAD>
<TITLE>fwp</TITLE>
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<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 18pt;margin-left: 415pt">Issuer
Free Writing Prospectus<BR>
Filed pursuant to Rule 433(d)<BR>
Registration No. 333-162070<BR>
September 23, 2009
</div>



<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Arrow Electronics, Inc.</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">Pricing Term Sheet

</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">September&nbsp;23, 2009

</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">6.000% Notes due April&nbsp;1, 2020

</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="35%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="63%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Issuer:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Arrow Electronics, Inc.</TD>
</TR>
<tr>
<TD style="font-size:10pt">&nbsp;</TD>
</tr>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Principal Amount:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">$300,000,000&nbsp;</TD>
</TR>
<tr>
<TD style="font-size:10pt">&nbsp;</TD>
</tr>


<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Maturity:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">April&nbsp;1, 2020</TD>
</TR>
<tr>
<TD style="font-size:10pt">&nbsp;</TD>
</tr>


<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Coupon:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">6.000% per annum, accruing from
September&nbsp;30, 2009</TD>
</TR>
<tr>
<TD style="font-size:10pt">&nbsp;</TD>
</tr>


<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Price to Public:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">99.969%&nbsp;</TD>
</TR>
<tr>
<TD style="font-size:10pt">&nbsp;</TD>
</tr>


<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Yield to Maturity:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">6.004%&nbsp;</TD>
</TR>
<tr>
<TD style="font-size:10pt">&nbsp;</TD>
</tr>


<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Spread to Benchmark Treasury:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">2.500%&nbsp;</TD>
</TR>
<tr>
<TD style="font-size:10pt">&nbsp;</TD>
</tr>


<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Benchmark Treasury:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">3.625% August&nbsp;15, 2019</TD>
</TR>
<tr>
<TD style="font-size:10pt">&nbsp;</TD>
</tr>


<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Benchmark Treasury Spot and Yield:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">101-00; 3.504 %&nbsp;</TD>
</TR>
<tr>
<TD style="font-size:10pt">&nbsp;</TD>
</tr>


<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Interest Payment Dates:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">April 1 and October&nbsp;1, commencing
April&nbsp;1, 2010</TD>
</TR>
<tr>
<TD style="font-size:10pt">&nbsp;</TD>
</tr>


<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Make-Whole Call:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Treasury Rate plus 40 basis points</TD>
</TR>
<tr>
<TD style="font-size:10pt">&nbsp;</TD>
</tr>


<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Trade Date:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">September&nbsp;23, 2009</TD>
</TR>
<tr>
<TD style="font-size:10pt">&nbsp;</TD>
</tr>


<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Settlement Date:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">September&nbsp;30, 2009 (T&#043;5)</TD>
</TR>
<tr>
<TD style="font-size:10pt">&nbsp;</TD>
</tr>


<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Denominations:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">$2,000 and higher multiples of $1,000</TD>
</TR>
<tr>
<TD style="font-size:10pt">&nbsp;</TD>
</tr>


<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Ratings:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Moody&#146;s: Baa3 / S&#038;P: BBB- / Fitch: BBB-</TD>
</TR>
<tr>
<TD style="font-size:10pt">&nbsp;</TD>
</tr>


<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Joint Book-Running Managers:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Banc of America Securities LLC<br>
J.P. Morgan Securities Inc.<br>
Goldman, Sachs &#038; Co.</TD>
</TR>
<tr>
<TD style="font-size:10pt">&nbsp;</TD>
</tr>


<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Co-Managers:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Credit Suisse Securities (USA)&nbsp;LLC<br>
Morgan Stanley &#038; Co. Incorporated<br>
BNP Paribas Securities Corp.<br>Mitsubishi UFJ Securities (USA), Inc.<br>
Scotia Capital (USA)&nbsp;Inc.</TD>
</TR>
<tr>
<TD style="font-size:10pt">&nbsp;</TD>
</tr>


<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">CUSIP/ISIN:<br>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">042735BA7/US042735BA76
</TD>
</TR>
<tr>
<TD style="font-size:10pt">&nbsp;</TD>
</tr>



<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
Tender Offer for 9.15% Senior
Notes due 2010:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
On September&nbsp;23, 2009, the Company
commenced a fixed price cash tender
offer (the &#147;tender offer&#148;) for any
and all of its outstanding $200
million in aggregate principal amount
of 9.15% Senior Notes due 2010 (the
&#147;2010 notes&#148;). The consideration for
the 2010 notes validly tendered and
accepted for payment pursuant to the
tender offer is $1,077.50 per $1,000
principal amount of the 2010 notes.
In addition, the Company will pay all
accrued and unpaid interest on the
2010 notes purchased pursuant to the
tender offer up to, but not including,
the settlement date for the tender
offer.</TD>
</TR>

<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">The tender offer is being made on the
terms and subject to the conditions
set forth in the offer to purchase,
dated September&nbsp;23, 2009, relating to
the tender offer. The tender offer may
not be consummated in accordance with
its terms, or at</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="65%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">all, so all or a
portion of the 2010 notes may remain
outstanding. This offering is not
conditioned upon the successful
consummation of the tender offer.</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Note: A securities rating is not a recommendation to buy, sell or hold securities and may be
subject to revision or withdrawal at any time.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">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 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
Banc of America Securities LLC toll free at 1-800-294-1322, J.P. Morgan Securities Inc. collect at
212-834-4533 or Goldman, Sachs &#038; Co. at Prospectus Department, 85 Broad Street, New York, NY 10004,
telephone: 1-866-471-2526, facsimile: 212-902-9316 or by emailing prospectus-ny@ny.email.gs.com.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">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.
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->2<!-- /Folio -->
</DIV>



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