Rule 424(b)(3)
Registration Statement No. 333-98743 and
333-103966
CUSIP # 12560PCZ2
PRICING SUPPLEMENT NO. 6
Dated November 3, 2003 to
Prospectus, dated May 9, 2003 and
Prospectus Supplement, dated May 9, 2003.
CIT GROUP INC.
GLOBAL MEDIUM-TERM FLOATING RATE NOTES
DUE NINE MONTHS OR MORE FROM DATE OF ISSUE
(X) Senior Note ( ) Senior Subordinated Note
Principal Amount: U.S. $1,000,000,000.00.
Proceeds to Corporation: 99.90038% or $999,003,800.00.
Agent Commission: 0.09962% or $996,200.00.
Issue Price: 100.00% or $1,000,000,000.00.
Original Issue Date: November 6, 2003.
Maturity Date: November 4, 2005.
Interest Rate Basis: LIBOR Telerate.
Index Maturity: Three months.
Spread: +23 basis points (0.23%).
Interest Rate Calculation: LIBOR Telerate determined on the Interest
Determination Date plus the Spread.
Initial Interest Rate: LIBOR Telerate determined two London Business Days prior
to the Original Issue Date plus the Spread.
Specified Currency: U.S. Dollars.
It is expected that the Notes will be ready for delivery in book-entry form on
or about November 6, 2003.
Lehman Brothers Citigroup
Deutsche Bank Securities Barclays Capital
Goldman, Sachs & Co. Banc of America Securities LLC
Wachovia Securities Banc One Capital Markets, Inc.
Form: Global Note.
Interest Reset Dates: Quarterly on February 4, 2004, May 4, 2004, August 4,
2004, November 4, 2004, February 4, 2005, May 4, 2005
and August 4, 2005, commencing February 4, 2004,
provided that if any Interest Reset Date would
otherwise fall on a day that is not a Business Day,
then the Interest Reset Date will be the first
following day that is a Business Day, except that if
such Business Day is in the next succeeding calendar
month, such Interest Reset Date will be the immediately
preceding Business Day.
Interest Payment Dates: February 4, 2004, May 4, 2004, August 4, 2004, November
4, 2004, February 4, 2005, May 4, 2005, August 4, 2005
and on the Maturity Date, commencing February 4, 2004,
provided that if any such day (other than the Maturity
Date) is not a Business Day, the Interest Payment Date
will be the next succeeding Business Day, except that
if such Business Day is in the next succeeding calendar
month, such Interest Payment Date will be the
immediately preceding Business Day, and no interest on
such payment will accrue for the period from and after
the Maturity Date.
Accrual of Interest: Accrued interest will be computed by adding the
Interest Factors calculated for each day from the
Original Issue Date or from the last date to which
interest has been paid or duly provided for up to but
not including the day for which accrued interest is
being calculated. The "Interest Factor" for any Note
for each such day will be computed by multiplying the
face amount of the Note by the interest rate applicable
to such day and dividing the product thereof by 360.
Interest payments will include the amount of interest
accrued from and including the most recent Interest
Payment Date to which interest has been paid (or from
and including the Original Issue Date) to but excluding
the applicable Interest Payment Date.
Interest Determination Date: Two London Business Days prior to each Interest
Reset Date.
Calculation Date: The earlier of (i) the fifth Business Day after each
Interest Determination Date, or (ii) the Business Day
immediately preceding the applicable Interest Payment
Date.
Maximum Interest Rate: Maximum rate permitted by New York law.
Minimum Interest Rate: 0.0%.
Exchange Listing: None
Other Provisions:
"LIBOR Telerate" means the rate for deposits in U.S. dollars having the
Index Maturity specified above which appears on the Telerate Page 3750
(defined below) as of 11:00 a.m., London time, on the applicable
Interest Determination Date.
"Telerate Page 3750" means the display page designated as page 3750 on
the Moneyline Telerate service (or such other page as may replace page
3750 on that service for the purpose of displaying London interbank
offered rates).
"Business Day" means any day, other than a Saturday or Sunday, that is
neither a legal holiday nor a day on which banking institutions are
generally authorized or required by law or regulation to close in The
City of New York, which day is also a day on which dealings in deposits
in U.S. dollars are transacted in the London interbank market.
"London Business Day" means any day on which deposits in U.S. dollars
are transacted in the London interbank market.
Trustee, Registrar, Authenticating and Paying Agent: Bank One Trust
Company, N.A.
Agents:
Agent Principal Amount
----- ----------------
Lehman Brothers Inc. $375,000,000
Citigroup Global Markets Inc. $185,000,000
Deutsche Bank Securities Inc. $180,000,000
Barclays Capital Inc. $150,000,000
Goldman, Sachs & Co. $55,000,000
Banc of America Securities LLC $25,000,000
Wachovia Capital Markets, LLC $25,000,000
Banc One Capital Markets, Inc. $5,000,000
--------------
Total $1,000,000,000
CUSIP: 12560PCZ2