Filed Pursuant to Rule 433
Registration Statement No. 333-293482
Final Term Sheet
Otis Worldwide Corporation
$700,000,000 4.488% Notes due 2029
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Issuer:
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Otis Worldwide Corporation
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Offering Format:
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SEC Registered
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Title of Securities:
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4.488% Notes due 2029 (the “Notes”)
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Trade Date:
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May 4, 2026
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Settlement Date*:
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May 7, 2026 (T+3)
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Expected Ratings (Moody’s / S&P)**:
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Baa1 / BBB
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Principal Amount:
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$700,000,000
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Maturity Date:
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May 7, 2029
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Interest Payment Dates:
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May 7 and November 7 of each year, beginning on November 7, 2026
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Benchmark Treasury:
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3.875% UST due April 15, 2029
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Benchmark Treasury Price/Yield:
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99-22 / 3.988%
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Spread to Benchmark Treasury:
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+50 basis points
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Yield to Maturity:
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4.488%
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Price to Public:
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100.000% of the principal amount
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Coupon:
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4.488%
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Day Count Convention:
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30/360
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Underwriting Discount:
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0.400%
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Make-Whole Call:
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At any time and from time to time, prior to April 7, 2029, Treasury Rate plus 10 basis points
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Par Call:
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On or after April 7, 2029 (one month prior to the maturity date of the Notes)
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Change of Control Offer:
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101%
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Minimum Denominations:
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$2,000 x $1,000
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Net Proceeds (before expenses):
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$697,200,000
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Joint Book-Running Managers:
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J.P. Morgan Securities LLC
Morgan Stanley & Co. LLC
SMBC Nikko Securities America, Inc.
BofA Securities, Inc.
Citigroup Global Markets Inc.
Goldman Sachs & Co. LLC
HSBC Securities (USA) Inc.
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Senior Co-Managers:
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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
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Co-Managers:
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Academy Securities, Inc.
ICBC Standard Bank Plc
Westpac Capital Markets LLC
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CUSIP / ISIN:
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68902V AT4 / US68902VAT44
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* Settlement Period: The closing will occur on May 7, 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 May 4, 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: J.P. Morgan Securities LLC at
1-212-834-4533; Morgan Stanley & Co. LLC, telephone: 1-866-718-1649 or SMBC Nikko Securities America, Inc. at 1-888-868-6856. 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
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