Pricing Term Sheet
July 13, 2010

Filed Pursuant to Rule 433
Relating to Preliminary Prospectus dated July 13, 2010
Registration No. 333-161799

Agilent Technologies, Inc.

Pricing Term Sheet

2.500% Notes due 2013

Issuer:

 

Agilent Technologies, Inc.

Principal Amount:

  $250,000,000

Security Type:

  Senior Notes

Maturity:

  July 15, 2013

Coupon:

  2.500%

Price to Public:

  99.815%

Yield to Maturity:

  2.565%

Spread to Benchmark Treasury:

  150 basis points

Benchmark Treasury:

  1.125% due June 15, 2013

Benchmark Treasury Spot and Yield:

  100-05+; 1.065%

Interest Payment Dates:

  January 15 and July 15, commencing January 15, 2011

Make-Whole Call:

  Treasury + 25 basis points

Net Proceeds:

  $248,662,500

Trade Date:

  July 13, 2010

Settlement Date:

  July 20, 2010 (T+5)

Denominations:

  $2,000 × $1,000

CUSIP/ISIN:

  00846U AF8/US00846UAF84

Ratings: *

 

Baa3 (stable outlook) by Moody's Investors Service, Inc.

  BBB- (stable outlook) by Standard & Poor's Ratings Services

  BBB (positive outlook) by Fitch Ratings

Joint Bookrunners:

 

Banc of America Securities LLC

  Barclays Capital Inc.

  Credit Suisse Securities (USA) LLC

Senior Co-Managers:

 

Citigroup Global Markets Inc.

  Lloyds TSB Bank plc

Co-Managers:

 

BNP Paribas Securities Corp.

  The Williams Capital Group, L.P.

  Wells Fargo Securities, LLC

5.000% Notes due 2020

Issuer:

 

Agilent Technologies, Inc.

Principal Amount:

  $500,000,000

Security Type:

  Senior Notes

Maturity:

  July 15, 2020

Coupon:

  5.000%

Price to Public:

  99.535%

Yield to Maturity:

  5.060%

Spread to Benchmark Treasury:

  195 basis points

Benchmark Treasury:

  3.500% due May 15, 2020

Benchmark Treasury Spot and Yield:

  103-09; 3.110%

Interest Payment Dates:

  January 15 and July 15, commencing January 15, 2011

Make-Whole Call:

  Treasury + 30 basis points

Net Proceeds:

  $494,425,000

Trade Date:

  July 13, 2010

Settlement Date:

  July 20, 2010 (T+5)

Denominations:

  $2,000 × $1,000

CUSIP/ISIN:

  00846U AG6/US00846UAG67

Ratings: *

 

Baa3 (stable outlook) by Moody's Investors Service, Inc.

  BBB- (stable outlook) by Standard & Poor's Ratings Services

  BBB (positive outlook) by Fitch Ratings

Joint Bookrunners:

 

Banc of America Securities LLC

  Barclays Capital Inc.

  Credit Suisse Securities (USA) LLC

Senior Co-Managers:

 

Citigroup Global Markets Inc.

  Lloyds TSB Bank plc

Co-Managers:

 

BNP Paribas Securities Corp.

  The Williams Capital Group, L.P.

  Wells Fargo Securities, LLC

*
Note: A securities rating is not a recommendation to buy, sell or hold securities and is subject to revision or withdrawal at any time.

The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement 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 EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by contacting Banc of America Securities LLC toll free at 1-800-294-1322, Barclays Capital Inc. toll free at 888-603-5847 or by email at barclaysprospectus@broadridge.com or Credit Suisse Securities (USA) LLC toll free at 800-221-1037.