EX-10.2 3 v54480exv10w2.htm EX-10.2 exv10w2
Exhibit 10.2
(BAR CODE)
SWAP TRANSACTION CONFIRMATION
(WACHOVIA LOGO)
     
Date:
   December 22, 2009
 
To:
   Nordstrom, Inc. (“Counterparty”)
 
Address:
   1617 6TH AVENUE SUITE 500
 
   SEATTLE WA
 
   98101 USA
 
Email:
   Robert.Sari@Nordstrom.com
 
Attention:
   Robert Sari
 
From:
   Wachovia Bank, N.A. (“Wachovia”)
 
Ref. No:
   4220047
Dear Robert Sari:
This confirms the terms of the Transaction described below between Counterparty and Wachovia. The definitions and provisions contained in the 2006 ISDA Definitions, as published by the International Swaps and Derivatives Association, Inc., are incorporated into this Confirmation. In the event of any inconsistency between those definitions and provisions and this Confirmation, this Confirmation will govern. Fixed Amounts and Floating Amounts for each applicable Payment Date hereunder will be calculated in accordance with the ISDA Definitions, and if any Fixed Amount and Floating Amount are due for the same Payment Date hereunder, then those amounts shall not be payable and instead the Fixed Rate Payer shall pay the positive difference, if any, between the Fixed Amount and the Floating Amount, and the Floating Rate Payer shall pay the positive difference, if any, between the Floating Amount and the Fixed Amount.
1. The terms of the particular Transaction to which the Confirmation relates are as follows:
             
Transaction Type:
   Interest Rate Swap
 
Currency for Payments:
   U.S. Dollars
 
Notional Amount:
   USD 250,000,000.00
 
Term:
    
 
Trade Date:
   December 21, 2009
 
Effective Date:
   December 23, 2009
 
Termination Date:
   January 15, 2018, subject to adjustment in accordance with the Following Business Day Convention for all purposes, except as otherwise stated below.
 
    
Fixed Amounts:
    
 
    
Fixed Rate Payer:
   Wachovia
 
Period End Dates:
   Semi-annually on the 15th of each January and July commencing January 15, 2010, through and including the Termination Date; No Adjustment.
 
Payment Dates:
   Semi-annually on the 15th of each January and July commencing January 15, 2010, through and including the Termination Date, subject to
Wachovia: 4220047

 

 

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   adjustment in accordance with the Following Business Day Convention; provided that the Fixed Rate Payer Period End Dates shall be subject to No Adjustment.
 
Business Day Convention:
   Following
 
Business Day:
   London and New York
 
Fixed Rate:
   6.25%
 
Fixed Rate Day Count Fraction:
   30/360
 
    
 
Floating Amounts:
    
 
    
 
Floating Rate Payer:
   Counterparty
 
Period End Dates:
   Semi-annually on the 15th of each January and July commencing January 15, 2010, through and including the Termination Date, subject to adjustment in accordance with the Modified Following Business Day Convention.
 
Payment Dates:
   Semi-annually on the 15th of each January and July commencing January 15, 2010, through and including the Termination Date, subject to adjustment in accordance with the Modified Following Business Day Convention.
 
Business Day Convention:
   Modified Following
 
Business Day:
   London and New York
 
Floating Rate for initial
   0.23188% (excludes Spread)
 
Compounding Period:
    
 
Floating Rate Option:
   USD-LIBOR-BBA
 
Designated Maturity:
   1 Month
 
Spread:
   Plus 2.856%
 
Floating Rate Day Count Fraction:
   Actual/360
 
Floating Rate determined:
   Two London Banking Days prior to each Reset Date.
 
Reset Dates:
   The first day of each Compounding Period.
 
Compounding:
   Flat Compounding Applicable
 
Compounding Dates:
   Monthly on the 15th of each month, subject to the Modified Following Business Day Convention
 
Rounding convention:
   5 decimal places per the ISDA Definitions.
2. The additional provisions of this Confirmation are as follows:
     
Calculation Agent:
   Wachovia
 
Payment Instructions:
   Wachovia Bank, N.A.
 
   CIB Group, ABA 053000219
 
   Ref: Derivative Desk (Trade No: 4220047)
 
   Account #: 04659360006116
 
Wachovia Contacts:
   Settlement and/or Rate Resets:
 
   1-800-249-3865
 
   1-704-383-8429
 
    
 
   Documentation:
 
   Tel: (704) 715-7051
Wachovia: 4220047

 

 

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   Fax: (704) 383-9139
 
    
 
   Collateral:
 
   Tel: (704) 383-9529
 
   Please quote transaction reference number.
 
Payments to Counterparty:
   Per your standing payment instructions or debit authorization if provided to Wachovia, as relevant. If not provided, please contact us in order for payment to be made.
 
    
 
   Phone: 1-800-249-3865 Fax: 1-704-383-8429
Documentation
This Confirmation supplements, forms part of, and is subject to, the Master Agreement between Wachovia and Counterparty dated as of November 06, 2009, as amended and supplemented from time to time (the “ISDA Master Agreement”). All provisions contained or incorporated by reference in the ISDA Master Agreement will govern this Confirmation except as expressly modified herein.

Please confirm that the foregoing correctly sets forth the terms of our agreement by executing a copy of this Confirmation and returning it to us.
             
    Very truly yours,    
    Wachovia Bank, N.A.    
 
            
 
  By:   -s- Tracey Bissell
 
    
 
  Name:
Title: 		  Tracey Bissell
Vice President		    
 
            
    Ref. No. 4220047    
         
Accepted and Confirmed as of date first written above:    
Nordstrom, Inc.    
 
        
By:
  /s/ Robert E. Campbell    
Name:
  Robert E. Campbell    
Title:
  Treasurer and Vice President — Investor Relations    
Wachovia: 4220047