Filed Pursuant to Rule 424(b)(3)
Registration No. 333-82507-01
PRICING SUPPLEMENT, DATED JUNE 14, 2002
TO PROSPECTUS SUPPLEMENT DATED NOVEMBER 19, 2001
TO PROSPECTUS DATED NOVEMBER 19, 2001
POPULAR NORTH AMERICA, INC.
MEDIUM-TERM NOTES, SERIES E
DUE FROM NINE MONTHS TO 30 YEARS FROM DATE OF ISSUE
Unconditionally Guaranteed as to Payment of Principal,
Premium, if any, and interest by
POPULAR, INC.
PRINCIPAL AMOUNT......................................................... $25,000,000.00
ORIGINAL ISSUE DATE...................................................... JUNE 17, 2002
MATURITY DATE............................................................ JUNE 17, 2003
GLOBAL NOTE.............................................................. YES
INITIAL INTEREST RATE.................................................... 2.50688%
INTEREST RATE BASIS...................................................... 3 MONTH LIBOR
INDEX MATURITY........................................................... N/A
SPREAD................................................................... +.62%
INTEREST RATE RESET PERIOD............................................... TWO BUSINESS DAYS BEFORE THE
INTEREST PAYMENT DATE.
9/16/02, 12/16/02, 3/14/03,
INTEREST PAYMENT DATES................................................... AND AT MATURITY, COMMENCING
9/16/02.
THE PROCEEDS FROM THE ISSUANCE OF THE NOTE TO WHICH THIS PRICING SUPPLEMENT
RELATES WILL BE USED FOR THE REPAYMENT OF OUTSTANDING BORROWINGS.
BOOK ENTRY
FLOATING RATE MEDIUM TERM NOTES
TERMS AND CONDITIONS FORM
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ISSUER POPULAR NORTH AMERICA, INC.
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SERIES E
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PRINCIPAL AMOUNT $25,000,000.00
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RANK --
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NET PROCEEDS TO THE COMPANY $25,000,000.00
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ORIGINAL ISSUE/SETTLEMENT DATE JUNE 17, 2002
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MATURITY DATE JUNE 17, 2003
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INTEREST RATE 2.50688%
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INTEREST RATE RESET PERIOD TWO BUSINESS DAYS BEFORE THE INTEREST PAYMENT DATE.
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INTEREST PAYMENT DATES 9/16/02, 12/16/02, 3/14/03, AND AT MATURITY, COMMENCING 9/16/02.
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OID PROVISIONS (IF ANY) BOOK ENTRY
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CUSIP NUMBER 73318EAG8
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REPAYMENT PROVISIONS (IF ANY) N/A
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AGENT'S NAME N/A
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DELIVERY INSTRUCTIONS CITIBANK DTC 0908 FOR CUSTODY ACCOUNT 089517
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AUTHORIZED BY: /s/ Eric J. Pacheco AUTHORIZED BY: /s/ Hector Martinez
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ERIC J. PACHECO HECTOR MARTINEZ
VICE PRESIDENT ASSISTANT VICE PRESIDENT
TELEPHONE NUMBER: (787) 753-1400 DATE: JUNE 14, 2002