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Otis Worldwide Corporation

11/02/2026 | Press release | Distributed by Public on 11/02/2026 15:46

Free Writing Prospectus (Form FWP)

Filed Pursuant to Rule 433
Registration Statement No. 333-293482

Final Term Sheet

Otis Worldwide Corporation

$500,000,000 5.825% Notes due 2036

Issuer:
Otis Worldwide Corporation
Offering Format:
SEC Registered
Title of Securities:
5.825% Notes due 2036 (the "Notes")
Trade Date:
November 2, 2026
Settlement Date*:
November 5, 2026 (T+3)
Expected Ratings (Moody's / S&P)**:
Baa1 / BBB
Principal Amount:
$500,000,000
Maturity Date:
November 5, 2036
Interest Payment Dates:
May 5 and November 5 of each year, beginning on May 5, 2027
Benchmark Treasury:
4.625% UST due August 15, 2036
Benchmark Treasury Price/Yield:
98-02 / 4.875%
Spread to Benchmark Treasury:
+95 basis points
Yield to Maturity:
5.825%
Price to Public:
100.000% of the principal amount
Coupon:
5.825%
Day Count Convention:
30/360
Underwriting Discount:
0.650%
Make-Whole Call:
At any time and from time to time, prior to August 5, 2036, Treasury Rate plus 15 basis points
Par Call:
On or after August 5, 2036 (three months prior to the maturity date of the Notes)
Change of Control Offer:
101%
Minimum Denominations:
$2,000 x $1,000
Net Proceeds (before expenses):
$496,750,000

Use of Proceeds
The Issuer intends to use the net proceeds from this offering, together with cash on hand, to fund the repayment at maturity of its 2.293% Notes due April 5, 2027, of which $500 million principal amount was outstanding as of September 30, 2026.
Joint Book-Running Managers:
Citigroup Global Markets Inc.
Goldman Sachs & Co. LLC
HSBC Securities (USA) Inc.
BofA Securities, Inc.
J.P. Morgan Securities LLC
Morgan Stanley & Co. LLC
SMBC Nikko Securities America, Inc.
Senior Co-Managers:
Barclays Capital Inc.
BNP Paribas Securities Corp.
Commerz Markets LLC
Deutsche Bank Securities Inc.
Intesa Sanpaolo IMI Securities Corp.
Loop Capital Markets LLC
Santander US Capital Markets LLC
SG Americas Securities, LLC
UniCredit Capital Markets LLC
Co-Managers:
Academy Securities, Inc.
ICBC Standard Bank Plc
Westpac Capital Markets LLC
CUSIP / ISIN:
68902V AU1 / US68902VAU17

* Settlement Period: The closing will occur on November 5, 2026, which will be more than one business day after the date of this pricing term sheet. Rule 15c6-1 under the Securities Exchange Act of 1934 generally requires that securities trades in the secondary market settle in one business day, unless the parties to a trade expressly agree otherwise.

** 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.

The Issuer has filed a Registration Statement (File No. 333-293482), including a prospectus dated February 13, 2026 and a preliminary prospectus supplement dated November 2, 2026, with the U.S. Securities and Exchange Commission (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 for the offering to which this communication relates 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's website at www.sec.gov. Alternatively, any underwriter or any dealer participating in the offering will arrange to send you the prospectus and the prospectus supplement if you request them by contacting: Citigroup Global Markets Inc., telephone: 1-800-831-9146; Goldman Sachs & Co. LLC, telephone: 1-866-471-2526 or email: [email protected] or HSBC Securities (USA) Inc. at 1-866-811-8049. You are advised to obtain a copy of the prospectus and related prospectus supplement for the offering to which this communication relates and to carefully review the information contained or incorporated by reference therein before making any investment decision.

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.

Otis Worldwide Corporation published this content on November 02, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on November 02, 2026 at 21:46 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]