424B3 1 ps2002k-27.txt PRICING SUPPLEMENT 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. 27 DATED September 17, 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: September 13, 2002 Book Entry: |x| Issue Price: 100% Certificated: |_| Original Issue Date: September 18, 2002 Principal Amount: $20,000,000 Stated Maturity Date: March 18, 2005 Net Proceeds: $19,950,000 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: 2.40% Minimum Interest Rate: N/A Interest Determination Dates: Two London Business Days prior to each Interest Payment Date Interest Factor Convention: N/A Index Maturity: 3 months Interest Reset Dates: Same as Interest Payment Dates Spread (plus or minus): plus 58 basis points Spread Multiplier: N/A Interest Payment Dates: Quarterly, on the 18th of December, March, June, and September, commencing on December 18, 2002 Fixed Rate Commencement Date: N/A Fixed Interest Rate: N/A Agent: Countrywide Securities Corp. Calculation Agent: The Bank of New York Redemption: Repayment: 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 June 30, 2002, Countrywide Credit Industries did not have any secured indebtedness outstanding, and Countrywide Home Loans did not have any secured indebtedness outstanding. As of that date, Countrywide Home Loans had $15,865,624,844 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.