Only Redeemable on a dividend payment date
Originally issued by First Midwest. First Midwest merged with Old National Bank on 2/16/2022.
Only redeemable on a dividend payment date
Only redeemable on a dividend payment date
Shares are convertible, at the option of the holder any time into 20 shares of BAC (an initial conversion of $50). After 1/30/2013 if the common shares exceeds 130% of the conversion price for 20 of any 30 consecutive day period the company may force a conversion at the current conversion rate. These shares are not redeemable.
Originally issued by Wachovia Bank which was acquired by Wells Fargo on 1/1/2009
Issue is not callable
Shares are convertible into shares of Wells Fargo at the option of the holder into 6.3814 shares of Wells Fargo. On and after 3/15/2013 if the price of the common stock exceeds 130% of the conversion price for 20 of any 30 consecutive trading days the company may, at their option force conversion of the then prevailing conversion price. The initial conversion price was $156.71.
Further information can be found in the registration statement