Filed pursuant to Rule 433
Registration No. 333-199716
Issuer Free Writing Prospectus dated November 19, 2014
Relating to Preliminary Prospectus Supplement dated November 19, 2014
TRIMBLE NAVIGATION LIMITED
Pricing Term Sheet
4.750% Notes due 2024
| Issuer: | Trimble Navigation Limited | |
| Format: | SEC Registered | |
| Title: | 4.750% notes due 2024 (the “Notes”) | |
| Principal Amount: | $400,000,000 | |
| Maturity: | December 1, 2024 | |
| Coupon: | 4.750% | |
| Ratings*: | Baa2 (Stable) by Moody’s Investor Service, Inc. BBB- (Stable) by Standard & Poor’s Ratings Services | |
| Price to Public: | 99.205% of face amount | |
| Yield to Maturity: | 4.851% | |
| Spread to Benchmark Treasury: | T+250 bps | |
| Benchmark Treasury: | 2.250% due November 15, 2024 | |
| Benchmark Treasury Price and Yield: | 99-03+ / 2.351% | |
| Interest Payments: | Semi-annually on December 1 and June 1, commencing June 1, 2015 | |
| Optional Redemption: | At any time prior to September 1, 2024 (three months prior to maturity) at a discount rate of Treasury plus 40 basis points; par call at any | |
| Trade Date: | November 19, 2014 | |
| Settlement Date (T+3):** | November 24, 2014 | |
| CUSIP/ISIN: | 896239AA8 / US896239AA85 | |
| Joint Bookrunners: | J.P. Morgan Securities LLC Merrill Lynch, Pierce, Fenner & Smith Incorporated | |
| Co-Managers: | Scotia Capital (USA) Inc. Wells Fargo Securities, LLC BBVA Securities Inc. HSBC Securities (USA) Inc. Mitsubishi UFJ Securities (USA), Inc. SMBC Nikko Securities America, Inc. SunTrust Robinson Humphrey, Inc. TD Securities (USA) LLC U.S. Bancorp Investments, Inc. | |
| * | A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time. |
The issuer has filed a registration statement (including a prospectus), which became effective on October 30, 2014, and a preliminary prospectus supplement dated November 19, 2014 with the SEC for the offering to which this communication relates. Before you invest, you should read the registration statement (including the prospectus), the preliminary prospectus supplement and other documents Trimble has filed with the SEC for more complete information about Trimble and the offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, copies may be obtained from Merrill Lynch, Pierce, Fenner & Smith Incorporated, 222 Broadway, 11th Floor, New York, NY 10038, Attention: Prospectus Department, Telephone (800) 294-1322 or J.P. Morgan Securities LLC, 383 Madison Avenue, New York, NY 10179, Attention: Investment Grade Syndicate Desk – 3rd floor, Telephone (212) 834-4533.