424B3 1 ps2003k-32.txt PRICING SUPPLEMENT 2003K-32 Rule 424(b)(3) File Nos. 333-74042 and 333-74042-03 PRICING SUPPLEMENT NO. 32 DATED JANUARY 8, 2003 (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 FINANCIAL CORPORATION Floating Rate Notes Trade Date: January 8, 2003 Book Entry: |x| Issue Price: 100% Certificated: |_| Original Issue Date: January 13, 2003 Principal Amount: $880,000,000 Stated Maturity Date: January 13, 2004 Net Proceeds: $879,560,000 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: 1.63% 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 25 basis points Interest Payment Dates: Quarterly, on the 13th of January, April, July, and October, commencing on April 13, 2003 Spread Multiplier: N/A Fixed Rate Commencement Date: N/A Fixed Interest Rate: N/A Agents: Barclays Capital Inc., J. P. Morgan Securities Inc., Deutsche Bank Securities Inc., BNP Paribas Securities Corp., Merrill Lynch Co., Banc One Capital Markets, Inc., Wachovia Securities, Banc of America Securities LLC, and Countrywide Securities Corporation 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 relate will constitute unsecured and unsubordinated indebtedness of Countrywide Home Loans and will rank equally with Countrywide Home Loans' other unsecured and unsubordinated indebtedness. As of September 30, 2002, Countrywide Financial Corporation (formerly known as Countrywide Credit Industries, Inc.) did not have any secured indebtedness outstanding, and Countrywide Home Loans had $280,226,889 of secured indebtedness outstanding. As of that date, Countrywide Home Loans had $16,017,992,015 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. You should rely only on the information contained or incorporated by reference in this Pricing Supplement and the accompanying Prospectus Supplement and Prospectus. Countrywide Home Loans, Inc. and Countrywide Financial Corporation have not, and the Agents have not, authorized any other person to provide you with different information. If anyone provides you with different or inconsistent information, you should not rely on it. Countrywide Home Loans, Inc. and Countrywide Financial Corporation are not, and the Agents are not, making an offer to sell these securities in any jurisdiction where the offer or sale is not permitted. You should assume that the information appearing in this Pricing Supplement and the accompanying Prospectus Supplement and Prospectus is accurate as of the date on the front cover of this Pricing Supplement only. The business, financial condition, results of operations and prospects of Countrywide Home Loans, Inc. and Countrywide Financial Corporation may have changed since that date.