NuStar Logistics L.P. 7.625% Fixed-to-Floating Rate Subordinated Notes due 2043




The Notes will bear interest from the date of issuance to but not including January 15, 2018, which we refer to as the “Fixed Rate Period,” at an annual rate of 7.625% of their principal amount, payable quarterly in arrears on January 15, April 15, July 15 and October 15 of each year, commencing April 15, 2013, and thereafter, which we refer to as the “Floating Rate Period,” at an annual rate equal to the sum of the Three-Month LIBOR Rate (as defined in “Description of the Notes — Determining the Floating Rate; Calculation Agent”) for the related interest period plus a spread of 673.4 basis points, payable quarterly in arrears on January 15, April 15, July 15 and October 15 of each year, commencing April 15, 2018, unless payment is deferred as described below.

NSS
NS
None
01/15/2013
01/15/2018
01/15/2043
14,000,000
2,100,000
7.625
$25.00
No
Yes
0.4766
MAR, JUN, SEP, DEC
28
JAN, APR, JUL, OCT
15
B+
C
NR