The pipeline end termination (PLET) laid by S-lay will bear tensile stress from the pipeline and bending stress caused by bending deformation, when it gets through the stinger. Using the finite element analysis software ANSYS, we establish the finite element model of PLET passing through the stinger and carry out calculations and analyses for different positions of the stinger. It is found that the maximum strain appears near the location of the connection between PLET and pipeline. This will provide basis for the capability analysis of S-lay PLET passing through the stinger.