Pricing Supplement dated June 4, 2003 Rule 424(b)(3)
(To Prospectus dated November 21, 2001 and File No. 333-72304
Prospectus Supplement dated April 18, 2003) Cusip No. 72447WAG4
PITNEY BOWES INC.
Global Medium-Term Notes - Floating Rate
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Principal amount:$200,000,000 Initial interest rate: 1.21%
Agent's discount or commission: 0% Original issue date: June 9, 2003
Net proceeds to Pitney Bowes: $200,000,000 Stated maturity date: June 9, 2005
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Interest rate basis:
[ ] CD rate [ ] Federal funds rate [ ] Treasury rate
[ ] CMT rate (see below) [X] LIBOR (see below) [ ] Prime rate
[ ] Commercial paper rate [ ] EURIBOR [ ] Other (see attached)
If LIBOR:
[ ] LIBOR Reuters page:
[X] LIBOR Telerate page: 3750
LIBOR currency: USD
If CMT rate:
[ ] Telerate page 7051
[ ] Telerate page 7052
[ ] Weekly average
[ ] Monthly average
Spread (+/-): - 0.03% Maximum interest rate limitation, if any:
Spread multiplier: Minimum interest rate limitation, if any:
Index maturity: 3 Months
Initial interest reset date: September 9, 2003
Interest reset dates: Quarterly on the 9th of each September, December,
March and June
Interest payment dates: Quarterly on the 9th of each September, December,
March and June
Interest determination dates: Two London business days preceding the interest
reset date
(1)
Calculation agent: SunTrust Bank
Day count convention:
[X] Actual/360
[ ] Actual/actual
[ ] 30/360
Redemption:
[X] The notes cannot be redeemed prior to the stated maturity date.
[ ] The notes can be redeemed prior to the stated maturity date.
Initial redemption date:
Initial redemption percentage: ____%
Annual redemption percentage reduction: ____% until redemption
percentage is 100% of the principal amount.
Tax Redemption: [ ] Yes [X] No
Repayment:
[X] The notes cannot be repaid prior to the stated maturity date.
[ ] The notes can be repaid prior to the stated maturity date at the
option of the holder of the notes.
Optional repayment date(s):
Optional repayment price(s):
Additional amounts payable: [ ] Yes [X] No
Specified currency (if other than U.S. dollars):
Authorized denomination (if other than U.S. $1,000 and integral multiples
thereof):
Exchange rate agent, if any:
Original issue discount: [ ] Yes [X] No
Issue Price:
Total amount of OID:
Yield to maturity:
Initial accrual period OID:
Exchange listing: [ ] Yes [X] No
Exchange:
Form:
[X] Book-entry (to be held on behalf of The Depository Trust Company)
[ ] Book-entry (to be held by a common depositary for Clearstream Banking
S.A. and Euroclear Bank S.A./N.V., as operator of the Euroclear System)
[ ] Book-entry (The Depository Trust Company and common depositary)
[ ] Individually certificated
(2)
Agent:
[ ] J.P. Morgan Securities Inc.
[ ] ABN AMRO Incorporated
[ ] Barclays Capital Inc.
[X] Citigroup Global Markets Inc.
[X] Deutsche Bank Securities Inc.
[ ] Goldman, Sachs & Co.
[ ] Morgan Stanley & Co. Incorporated
[ ] Other: __________________________
Agent acting in the capacity as indicated below:
[ ] Agent [X] Principal
If as principal:
[X] The notes are being offered at varying prices related to prevailing
market prices at the time of resale.
[ ] The notes are being offered at a fixed initial public offering price
of ____% of the principal amount.
If as Agent:
The Notes are being offered at a fixed initial public offering price
of ____% of the principal amount.
Other provisions: None.
Terms have been completed as applicable to this transaction.
(3)