Rule 424(b)(3)
Registration Statement No. 333-119172
CUSIP 12560PDS7
PRICING SUPPLEMENT NO. 8
Dated February 28, 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: $250,000,000.
Proceeds to Corporation: 99.9464% or $249,866,000.
Agents' Commission: 0.0536% or $134,000.
Issue Price: 100% or $250,000,000.
Original Issue Date: March 3, 2005.
Maturity Date: March 31, 2006, provided that if such day is
not a Business Day, the payment of principal and
interest may be made on the next succeeding
Business Day, and no interest on such payment will
accrue from the period from and after the Maturity
Date.
Interest Rate Basis: LIBOR Telerate.
Index Maturity: (a) For the period commencing March 3, 2005
through but not including March 31,
2005 -- One month LIBOR.
(b) For the period commencing March 31, 2005
and ending on the Maturity Date -- Three
month LIBOR.
Spread: +0 basis points (0.00%).
Interest Rate Calculation: LIBOR Telerate determined on the Interest
Determination Date plus the Spread.
Initial Interest Rate: LIBOR Telerate determined two London Business Days
prior to the Original Issue Date plus the Spread.
Specified Currency: U.S. Dollars ($).
It is expected that the Notes will be ready for delivery in book-entry form on
or about March 3, 2005.
Merrill Lynch & Co. Barclays Capital
Form: Global Note.
Interest Reset Dates: March 31, 2005 and thereafter quarterly, on June
30, 2005, September 30, 2005 and December 31,
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 March 31, 2005, June 30,
2005, September 30, 2005, December 31, 2005, and
on the Maturity Date provided that if any such day
(other than the Maturity Date) is not a Business
Day, then the Interest Payment Date will be
postponed to the following day which is a 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. If the Maturity Date falls on a day
which is not a Business Day, then the required
payment of principal, premium, if any, and/or
interest will be made on the following day which
is a Business Day as if it were made on the date
such payment was due, and no interest shall accrue
as a result of such delayed payment.
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.
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, J.P. Morgan Trust Company, National Association.
Authenticating Agent,
Calculation Agent and
Paying Agent:
Agents: Agent Principal Amount
----- ----------------
Merrill Lynch, Pierce, Fenner & Smith
Incorporated.................................. $225,000,000
Barclays Capital Inc............................... 25,000,000
------------
Total $250,000,000
CUSIP: 12560PDS7.