Coupon is fixed at 5.75% until 3/15/2024 at which point it floats at 3 month Libor plus a spread of 2.99%
Type: Trust Preferred
SCE Trust II, 5.10% Trust Preference Securities
SCE Trust I, 5.625% Trust Preference Securities
PrivateBancorp Capital Trust IV, 10.00% Trust Preferred Securities
Popular Capital Trust II, 6.125% Cumulative Monthly Income Trust Preferred Securities
Popular can defer payments on these securities for up to 60 consecutive months but not beyond the maturity date. If payments are deferred you will be required to pay federal taxes as if you received payment.