424B3 1 ps2002k-1.txt PRICING SUPPLEMENT -------------------------------------------- Footnote continued from previous page Footnote continued Rule 424(b)(3) File Nos. 333-74042 and 333-74042-03 Rule 424(b)(3) File Nos. 333-74042 and 333-74042-03 PRICING SUPPLEMENT NO. 1 DATED January 4, 2002 (To Prospectus Dated December 4, 2001, as Supplemented December 21, 2001) COUNTRYWIDE HOME LOANS, INC. Medium-Term Notes, Series K Due Nine Months or More From Date of Issue Payment of Principal, Premium, if any, and Interest Fully and Unconditionally Guaranteed by COUNTRYWIDE CREDIT INDUSTRIES, INC. Floating Rate Notes Trade Date: January 3, 2002 Book Entry: |x| Issue Price: 100% Certificated: |_| Original Issue Date: January 8, 2002 Principal Amount: $100,000,000 Stated Maturity Date: January 8, 2003 Net Proceeds: $99,950,000 Specified Currency: U.S. Dollars Base Rate(s): |_| CD Rate |_| Eleventh District |_| Prime Rate Cost of Funds Rate |_| Commercial Paper Rate |_| Federal Funds Rate |_| Treasury Rate |_| CMT Rate |x| LIBOR |_| Other [Telerate Page 7051] [Telerate Page 3750] [Telerate Page 7052 [Reuters Page [ ]] |_| Weekly Average [Currency: [ ]] |_| Monthly Average] Exchange Rate Agent: N/A Minimum Denomination: $1,000 Maximum Interest Rate: N/A Initial Interest Rate: 1.97% Minimum Interest Rate: N/A Interest Determination Dates: Two London Business Days Interest Factor Convention: N/A prior to each Interest Payment Date Index Maturity: 3 months Interest Reset Dates: Same as Interest Payment Dates Spread (plus or minus): plus 10 basis points Interest Payment Dates: Quarterly, on the 8th of April, Spread Multiplier: N/A July, October, and January, commencing on April 8, 2002 Fixed Rate Commencement Date: N/A Fixed Interest Rate: N/A Agent: Countrywide Securities Corp., as principal Calculation Agent: The Bank of New York Redemption: Repayment: Check box opposite applicable paragraph: Check box opposite applicable paragraph: |X| The Notes cannot be redeemed prior to maturity. |X| The Notes cannot be repaid prior to maturity. |_| The Notes may be redeemed prior to maturity. |_| The Notes may be repaid prior to maturity. Initial Redemption Date: Optional Repayment Dates: Initial Redemption Percentage: Annual Redemption Percentage Reduction, if any: Estate Option: Check box if the Estate Option is applicable |_| Additional/Other Terms: N/A The Notes to which this Pricing Supplement relates will constitute unsecured and unsubordinated indebtedness of Countrywide Home Loans and will rank equally with Countrywide Home Loan's other unsecured and unsubordinated indebtedness. As of August 31, 2001, Countrywide Credit Industries did not have any secured indebtedness outstanding, and Countrywide Home Loans had $10,153,052 aggregate principal amount of secured indebtedness outstanding, all of which was short-term indebtedness. As of that date, Countrywide Home Loans had $14,884,831,881 aggregate principal amount of unsecured and unsubordinated indebtedness outstanding, which indebtedness ranked equally with the other unsecured and unsubordinated indebtedness of Countrywide Home Loans and will rank equally with the Notes to which this Pricing Supplement relates.