Secondary Offering | | | March 26, 2024 |
| | Price to Public(1)(2) | | | Net Proceeds(3) | | | Remarketing Fee(5) | |
Per $1,000 principal amount of Notes | | | $991.64(4) | | | $991.64 | | | $2.50 |
Total(3) | | | $1,140,386,000.00 | | | $1,140,386,000.00 | | | $2,875,000.00 |
(1) | Plus accrued interest at an annual rate of 1.18% from and including March 15, 2024 to but excluding the Settlement Date (as defined herein), which is expected to be $490,027.78 in the aggregate for the Notes, assuming the Settlement Date of the Notes occurs on March 28, 2024. |
(2) | Plus accrued interest at an annual rate of 5.365% from and including the Settlement Date if actual settlement occurs after the Settlement Date. |
(3) | The Corporation will not directly receive any proceeds from the Remarketing. See “Use of Proceeds” and “Remarketing.” |
(4) | The effective yield of the Notes, if held to June 15, 2026, will be 5.777%. |
(5) | The Corporation will pay the remarketing fee to the Remarketing Agents directly (and not out of the proceeds of the Remarketing). |
BofA Securities | | | CIBC Capital Markets | | | RBC Capital Markets |
Scotiabank | | | TD Securities |
National Bank of Canada Financial Markets |
Mizuho | | | SMBC Nikko |
BMO Capital Markets | | | MUFG | | | Wells Fargo Securities |