Rule 424(b)(3)
Registration Statement No. 333-119172
CUSIP 12560PDQ1
PRICING SUPPLEMENT NO. 6
Dated February 15, 2005 to
Prospectus, dated October 28, 2004 and
Prospectus Supplement, dated October 29, 2004
CIT GROUP INC.
GLOBAL MEDIUM-TERM FLOATING RATE NOTES
DUE NINE MONTHS OR MORE FROM DATE OF ISSUE
(X) Senior Note ( ) Subordinated Note
Principal Amount: $1,000,000,000.
Proceeds to Corporation: 99.92613% or $999,261,300.
Agents' Commission: 0.07387% or $738,700.
Issue Price: 100% or $1,000,000,000.
Original Issue Date: February 18, 2005.
Maturity Date: August 18, 2006, provided that if
such day is not a Business Day, the
payment of principal and interest may be
made on the next succeeding Business Day,
and no interest on such payment will
accrue from the period from and after the
Maturity Date.
Interest Rate Basis: LIBOR Telerate.
Index Maturity: Three months.
Spread: +3 basis points (0.03%).
Interest Rate Calculation: LIBOR Telerate determined on the Interest
Determination Date plus the Spread.
Initial Interest Rate: LIBOR Telerate determined two London
Business Days prior to the Original
Issue Date plus the Spread.
Specified Currency: U.S. Dollars ($).
It is expected that the Notes will be ready for delivery in book-entry form on
or about February 18, 2005.
Goldman, Sachs & Co. Banc of America Securities LLC
Barclays Capital BNP PARIBAS
HSBC Bear, Stearns & Co. Inc.
Form: Global Note.
Interest Reset Dates: Quarterly on May 18, August 18, November 18, and February 18 of each year,
commencing May 18, 2005, provided that if any such day would otherwise fall
on a day that is not a Business Day, then the Interest Reset Date will be the
next succeeding 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: Interest will be paid on the Maturity Date and quarterly on May 18, August
18, November 18, and February 18 of each year, commencing May 18, 2005,
provided that if any such day (other than the Maturity Date) is not a
Business Day, then the interest payment will be made on the next succeeding
Business Day, except that if such Business Day is in the next succeeding
calendar month, such interest payment will be made on the immediately
preceding Business Day, as if it were made on the date that the interest
payment was due and no interest on such payment will accrue on the amount
payable for the period from and after the Maturity Date or such other
Interest Payment Date, as the case may be.
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 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 authorized or required
by law or regulation (including any executive order) to close in The City of
New York and that is also a London Business Day.
"London Business Day" means any day on which dealings in deposits in U.S.
dollars are transacted in the London interbank market.
Trustee, Registrar, Authenticating J.P. Morgan Trust Company, National Association.
Agent, Calculation Agent and
Paying Agent:
Agents: Agent Principal Amount
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Goldman, Sachs & Co. $ 260,000,000
Banc of America Securities LLC 200,000,000
Barclays Capital Inc. 200,000,000
BNP Paribas Securities Corp. 129,000,000
HSBC Securities (USA) Inc. 111,000,000
Bear, Stearns & Co. Inc. 100,000,000
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Total $1,000,000,000
CUSIP: 12560PDQ1.
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