Material Event Form 8 K

On October 28, 2024, Carrier Global Corporation (the "Company") delivered a conditional notice of redemption (the "Redemption Notice") to holders of the Company's 4.375% Notes due 2025 (the "Euro 2025 Notes"), providing for the redemption for cash by the Company (the "Redemption") of all €750,000,000 of the outstanding Euro 2025 Notes on November 8, 2024 (the "Redemption Date"). The Euro 2025 Notes will be redeemed at a redemption price equal to the greater of: (1) (a) the sum of the present values of the remaining scheduled payments of principal and interest on the Euro 2025 Notes discounted to the Redemption Date on an annual basis (ACTUAL/ACTUAL (ICMA)) at the comparable government bond rate plus 20 basis points less (b) interest accrued to the Redemption Date, and (2) 100% of the principal amount of the Euro 2025 Notes, plus, in either case, accrued and unpaid interest to the Redemption Date.

The Company intends to finance the Redemption with the proceeds of a private offering that the Company commenced on October 28, 2024 of €750,000,000 aggregate principal amount of euro-denominated notes due 2037 (the "Offering"), together with cash on hand. The Offering is being made only to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), or, outside the United States, to persons other than "U.S. persons" in compliance with Regulation S under the Securities Act. This Current Report on Form 8-K does not constitute an offer to sell or the solicitation of an offer to buy the notes. Any offers of the notes will be made only by means of a private offering memorandum. The notes have not been and will not be registered under the Securities Act or the securities laws of any other jurisdiction, and may not be offered or sold in the United States without registration or an applicable exemption from registration requirements.

The Redemption is conditioned on the successful completion of the Offering or another financing satisfactory to the Company and is subject to the terms of the Redemption Notice. Nothing in this Current Report on Form 8-K shall be deemed a notice of redemption with respect to the Euro 2025 Notes.