-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, OFRgdXwJG4AxI02h112+GajMwclkPKtkhtrV1kRAW7Zx9Wc6eXLXL6gV3v7IKy8B UquscWsQz/mf4Nq909wWng== 0000088255-03-000148.txt : 20031117 0000088255-03-000148.hdr.sgml : 20031117 20031117153924 ACCESSION NUMBER: 0000088255-03-000148 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 4 CONFORMED PERIOD OF REPORT: 20031117 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20031117 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SEARS ROEBUCK ACCEPTANCE CORP CENTRAL INDEX KEY: 0000088255 STANDARD INDUSTRIAL CLASSIFICATION: SHORT-TERM BUSINESS CREDIT INSTITUTIONS [6153] IRS NUMBER: 510080535 STATE OF INCORPORATION: DE FISCAL YEAR END: 0103 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-04040 FILM NUMBER: 031007991 BUSINESS ADDRESS: STREET 1: 3711 KENNETT PIKE CITY: GREENVILLE STATE: DE ZIP: 19807 BUSINESS PHONE: 3024343112 8-K 1 srac8ktenderofferpr11172003.htm CURRENT REPORT ON FORM 8-K New Page 1

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

________________

  

FORM 8-K

  

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): November 17, 2003

 

SEARS ROEBUCK ACCEPTANCE CORP.

(Exact name of registrant as specified in charter)

 

New York
(State or Other Jurisdiction of Incorporation)

 

1-4040
(Commission File Number)

 

51-0080535
(IRS Employer Identification No.)

  

  

  

3711 Kennett Pike
Greenville, Delaware 19807
(Address of principal executive offices)

 

19807
(Zip Code)
 

  Registrant's telephone number, including area code: (302) 434-3100

  (Former name or former address, if changed since last report): Not Applicable

 

1

 

Item 5.

Other Events.

 

On November 17, 2003 the Registrant's parent, Sears, Roebuck and Co., issued the press release attached hereto as Exhibit 99(a). Also on November 17,2003 the information attached hereto as Exhibit 99(b) and Exhibit 99(c) was publicly disclosed.

 

Item 7.

Financial Statements and Exhibits.

 

The Exhibit Index on page 4 is incorporated herein by reference.

 

2

 

SIGNATURES

 Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

SEARS ROEBUCK ACCEPTANCE CORP.
 

 

By: /s/ Keith E. Trost
Keith E. Trost
President

Date: November 17, 2003

  

 

3

 

 

EXHIBIT INDEX

 

Exhibit No.

 
 

99(a)

Press release dated November 17, 2003.
 

99(b)

Schedule of Final Tender Offer Results
 

99(c)

Schedule of Final Tender Offer Consideration and Accrued Interest

 

4

 EX-99.A 3 ex99a.htm PRESS RELEASE DATED NOVEMBER 17, 2003 Sears News Releases

Exhibit 99(a)

Sears, Roebuck and Co. Announces Results of $11.8 Billion Debt Tender Offer 

    HOFFMAN ESTATES, Ill., Nov. 17 /PRNewswire/ -- Sears, Roebuck and Co.
(NYSE: S) ("Sears") and its wholly owned subsidiaries, Sears Roebuck
Acceptance Corp. ("SRAC") and Sears DC Corp. ("SDC"), today announced that
they have successfully completed their cash tender offers to purchase any and
all of their respective unsecured public term debt securities (collectively,
the "Notes") maturing after 2003.  The offers, which commenced on October 17,
2003, expired at 12:00 midnight, New York City time, on Friday, November 14,
2003.  Final settlement will occur today, November 17.

    Institutional Notes
    The companies offered to purchase approximately $9.7 billion in aggregate
principal amount of Notes originally distributed primarily to institutional
investors and issued by each of Sears, SRAC and SDC (the "Institutional
Notes").  The Institutional Notes included $2.8 billion of Notes with
maturities in 2004 or that are redeemable at the issuer's option in 2004,
which generally were priced at par plus Sears' estimated cost of carry through
redemption, net of acquisition costs.  Excluding the Institutional Notes
redeemable in 2004, $5.1 billion of the Institutional Notes (74 percent) were
tendered and are expected to be accepted for settlement.

    Retail Notes
    SRAC offered to purchase approximately $2.1 billion in aggregate principal
amount of its Notes originally distributed primarily to individual investors
(the "Retail Notes").  The Retail Notes included $0.4 billion of Notes with
maturities in 2004 or that are redeemable at SRAC's option in 2004, which
generally were priced at par plus Sears' estimated cost of carry through
redemption, net of acquisition costs.  Excluding the Retail Notes redeemable
in 2004, $0.8 billion of the Retail Notes (47 percent) were tendered and are
expected to be accepted for settlement.

    Of the $3.2 billion of Notes with maturities or redemption options in
2004, $0.5 billion of Notes were tendered and are expected to be accepted for
settlement.

    Sears used a portion of the proceeds from the recent sale of its Credit
and Financial Products business to Citigroup to finance this initiative.

    "We are pleased with the response to our offers," said Glenn R. Richter,
Sears senior vice president and chief financial officer.  "This is an
important step in transforming Sears' balance sheet and creates significant
capital structure flexibility for the company as we focus on growing our core
retail and related services business."

    Sears plans to target, exclusive of seasonal working capital requirements,
domestic funded term debt, less cash and investments, of approximately
$1.5 billion.

    Preliminary results for each series of Notes are available on the Internet
at http://www.sracweb.com/tenderoffers.htm .

    Morgan Stanley and Citigroup acted as Joint Global Coordinators for the
offers related to the Institutional Notes.  The Lead Managers were Barclays
Capital, Bear, Stearns & Co. Inc., Goldman, Sachs & Co., and Merrill Lynch &
Co.  The Co-Managers were Banc of America Securities LLC, Banc One Capital
Markets, Inc., Deutsche Bank Securities, and UBS Investment Bank.

    Merrill Lynch & Co. and Banc of America Securities LLC acted as Lead
Dealer Managers for the offers related to the Retail Notes.  The Co-Managers
were Morgan Stanley and UBS Investment Bank.

    Forward-Looking Statements
    This press release contains a "forward-looking statement" about Sears'
financial objectives.  This statement is based on assumptions about the future
that are subject to risks and uncertainties, and actual results may differ
materially from the results projected in the forward-looking statement.  Risks
and uncertainties include factors outside the control of Sears.  While Sears
believes that its forecasts and assumptions are reasonable, it cautions that
actual results may differ materially.  Sears intends the forward-looking
statement to speak only as of the time first made and does not undertake to
update or revise it as more information becomes available.  Additional
discussion of these and other risks and uncertainties is contained in Sears'
filings with the Securities and Exchange Commission, including Sears' Annual
Report on Form 10-K for the year ended December 28, 2002, its Quarterly
Reports on Form 10-Q for the quarters ended March 29, 2003, June 28, 2003 and
September 27, 2003, and any Current Report on Form 8-K currently on file with
the Securities and Exchange Commission during the current fiscal year.

    About Sears
    Sears, Roebuck and Co. is a broadline retailer with significant service
businesses.  In 2002, Sears' revenue was $41.4 billion.  The company offers
its wide range of apparel, home and automotive products and services to
families in the U.S. through Sears stores nationwide, including approximately
870 full-line stores.  Sears also offers a variety of merchandise and services
through its Web sites, sears.com and landsend.com, and a variety of specialty
catalogues.

SOURCE  Sears, Roebuck and Co.

Web site: http://www.sracweb.com/tenderoffers.htm
http://www.sears.com/
CONTACT: News Media Contact, Edgar P. McDougal, +1-847-286-9669,
or Investor Contact, Pam White, +1-847-286-1468, both of Sears,
Roebuck and Co.

 EX-99.B 4 ex99b.htm SCHEDULE OF FINAL TENDER OFFER RESULTS New Page 1

Exhibit 99(b)

INSTITUTIONAL TENDER OFFER RESULTS

Tender Offers Expired at 12:00 midnight NYC Time, on Friday, November 14, 2003

The following schedules provide th final tender offer results
by the issuer and particular series of Notes as of the expiration of the offers.

CUSIP Number

Coupon

Maturity Date

Principal Outstanding
as of 10/17/03
($ millions)

Total Amount Tendered
($ millions)

Principal Outstanding
as of 11/17/03
($ millions)

Notes Issued by Sears DC Corp.

DC2MTFX84

9.200%

02/27/12

$10.000

$-

$10.000

 

DC2MTFX80

9.150%

03/01/12

$1.000

$1.000

$-  

 

DC2MTFX81

9.150%

03/01/12

$2.000

$2.000

$-  

 

DC2MTFX87

9.150%

03/10/12

$0.500

$0.500

$-  

 

DC2MTFX93

9.140%

03/13/12

$10.000

$4.565

$5.435

  

DC2MTFX94

9.070%

03/16/12

$7.000

$3.150

$3.850

  

25466PAC2

9.140%

03/19/12

$4.300

$0.300

$4.000

  

25466PAG3

9.260%

03/20/12

$3.000

$3.000

$-  

 

25466PBV9

9.100%

04/13/12

$6.000

$6.000

$-  

 

Total

$43.800

$20.515

$23.285

 

Notes Issued by Sears Roebuck Acceptance Corp.

81240QMS8

3L+295

01/07/04

$258.385

$4.249

$254.136

 

81240QKT8

6.060%

02/18/04

$2.600

$0.347

$2.253

  

81240QMY5

3L+190

02/20/04

$149.750

$24.400

$125.350

  

81240QMT6

3L+280

02/23/04

$193.600

$7.293

$186.307

  

81240QKY7

6.100%

02/24/04

$20.200

$1.763

$18.437

  

81240QKZ4

6.120%

02/24/04

$20.000

$13.002

$6.998

  

81240QMZ2

3L+190

02/25/04

$250.200

$23.918

$226.282

  

81240QNA6

3L+190

03/09/04

$131.700

$19.159

$112.541

  

81240QMU3

3L+280

03/23/04

$50.000

$45.000

$5.000

  

81240QMV1

3L+200

04/23/04

$155.500

$-

$155.500

  

81240QMW9

3L+200

05/11/04

$171.000

$14.800

$156.200

  

81240QMX7

3L+200

05/12/04

$25.000

$-

$25.000

  

81240QHK1

7.100%

06/04/04

$6.500

$0.778

$5.722

  

81240QHH8

7.110%

06/04/04

$5.000

$-

$5.000

  

81240QHF2

7.120%

06/04/04

$5.000

$0.133

$4.867

  

81240QHS4

6.920%

06/17/04

$50.000

$16.283

$33.717

  

81240QHP0

6.930%

06/17/04

$18.000

$3.339

$14.661

  

81240QHQ8

6.940%

06/17/04

$3.000

$-

$3.000

  

81240QHR6

6.950%

06/17/04

$26.000

$5.547

$20.453

  

81240QHV7

6.850%

06/24/04

$13.700

$2.480

$11.220

  

81240QHW5

6.860%

06/24/04

$1.000

$0.105

$0.895

  

81240QMR0

4.500%

09/22/04

$15.000

$-

$15.000

  

81240QJK9

6.600%

09/22/04

$3.500

$0.851

$2.649

  

81240QMN9

3L+118

10/13/04

$100.000

$-

$100.000

  

81240QJM5

6.270%

10/18/04

$5.000

$1.403

$3.597

  

81240QJX1

6.375%

11/22/04

$5.000

$1.343

$3.657

  

81240QKF8

6.530%

11/29/04

$12.000

$4.866

$7.134

  

81240QKC5

6.300%

12/06/04

$5.000

$1.105

$3.895

  

81240QMJ8

0.000%

02/03/06

$25.000

$-

$25.000

  
   

81240QKM3

6.000%

01/18/05

$5.000

$1.320

$3.680

  

81240QKP6

6.000%

02/07/05

$5.000

$0.920

$4.080

  

81240QKQ4

6.100%

02/25/05

$5.000

$0.823

$4.177

  

812404AF8 NYSE

6.750%

09/15/05

$250.000

$137.658

$112.342

  

81240QBZ4

6.110%

11/15/05

$0.100

$-

$0.100

  

81240QBW1

6.130%

11/15/05

$0.575

$0.150

$0.425

  

81240QBX9

6.150%

11/15/05

$4.402

$1.735

$2.667

  

81240QCL4

6.330%

12/12/05

$1.250

$1.050

$0.200

  

81240QCM2

6.380%

12/13/05

$5.000

$5.000

$-

  

81240QLX8

5.660%

12/14/05

$10.000

$-

$10.000

  

81240QCU4

6.360%

01/03/06

$4.000

$4.000

$-

  

81240QCY6

6.300%

01/09/06

$5.000

$5.000

$-

  

81240QCZ3

6.310%

01/09/06

$1.000

$1.000

$-

  

812404AG6

6.125%

01/15/06

$250.000

$180.485

$69.515

  

81240QGC0

7.060%

10/10/06

$5.000

$1.309

$3.691

  

812404AT8

6.700%

11/15/06

$300.000

$179.493

$120.507

  

81240QHD7

7.200%

05/09/07

$5.000

$1.168

$3.832

  

81240QHE5

7.150%

05/21/07

$5.000

$1.255

$3.745

  

812404AV3

7.000%

06/15/07

$500.000

$303.175

$196.825

  

81240QHT2

7.040%

06/19/07

$10.000

$-

$10.000

  

81240QJD5

6.470%

08/13/07

$5.000

$1.402

$3.598

  

812404AW1

6.700%

09/18/07

$150.000

$77.902

$72.098

  

81240QJN3

6.600%

11/05/07

$5.000

$1.005

$3.995

  

81240QKJ0

6.560%

12/05/07

$11.000

$3.815

$7.185

  

81240QKK7

6.340%

12/18/07

$5.000

$1.111

$3.889

  

81240QLB6

6.300%

03/18/08

$5.000

$1.082

$3.918

  

81240QLD2

6.280%

04/08/08

$5.000

$1.551

$3.449

  

81240QLF7

6.240%

05/01/08

$5.000

$1.172

$3.828

  

81240QLH3

6.300%

05/29/08

$5.000

$1.717

$3.283

  

81240QLK6

6.250%

06/02/08

$5.000

$1.382

$3.618

  

81240QLL4

6.190%

06/19/08

$5.000

$1.371

$3.629

  

81240QLM2

6.170%

07/14/08

$5.000

$1.275

$3.725

  

81240QLN0

6.200%

07/15/08

$5.000

$1.523

$3.477

  

81240QLP5

6.100%

07/21/08

$5.000

$1.462

$3.538

  

81240QLS9

6.125%

08/15/08

$5.000

$2.145

$2.855

  

81240QLT7

6.100%

09/10/08

$5.000

$2.034

$2.966

  

81240QLU4

6.000%

11/20/08

$5.000

$1.312

$3.688

  

81240QLV2

6.000%

11/24/08

$5.000

$2.600

$2.400

  

81240QLY6

5.750%

01/20/09

$5.000

$1.344

$3.656

  

81240QLZ3

5.700%

02/12/09

$5.000

$1.149

$3.851

  

81240QMA7

5.875%

03/05/09

$5.000

$1.780

$3.220

  

81240QMB5

6.125%

03/16/09

$5.000

$2.591

$2.409

  

81240QMC3

6.050%

03/30/09

$5.000

$1.624

$3.376

  

81240QMD1

6.000%

04/15/09

$5.000

$2.209

$2.791

  

81240QLE0

6.490%

04/17/09

$15.000

$13.000

$2.000

  

812404BF7

6.250%

05/01/09

$750.000

$487.792

$262.208

  

81240QLQ3

6.200%

08/09/10

$5.000

$2.036

$2.964

  

812404BG5

7.000%

02/01/11

$1,000.000

$700.900

$299.100

  

812404BH3

6.750%

08/15/11

$750.000

$613.921

$136.079

  

812404BJ9

6.700%

04/15/12

$600.000

$528.815

$71.185

  

81240QLJ9

6.635%

05/18/12

$10.000

$10.000

$-

  

81240QLR1

6.510%

08/15/13

$15.000

$15.000

$-

  

812404AY7

6.875%

10/15/17

$300.000

$256.546

$43.454

  

812404AX9

7.500%

10/15/27

$250.000

$180.662

$69.338

  

812404AZ4

6.750%

01/15/28

$200.000

$175.760

$24.240

  

812404BE0

6.500%

12/01/28

$300.000

$252.310

$47.690

  

812404BK6

7.000%

06/01/32

$1,000.000

$883.618

$116.382

 

Total

$8,563.962

$5,254.623

$3,309.339

 

Notes Issued by Sears, Roebuck and Co.

812387BB3

6.250%

01/15/04

$300.000

$63.716

$236.284

 

81238XRT0

6.340%

06/15/04

$5.000

$5.000

$-

  

81238XTJ0

8.230%

10/20/04

$20.000

$-

$20.000

  

81238XTH4

8.240%

10/20/04

$20.000

$-

$20.000

  

81238XTM3

8.230%

10/21/04

$11.250

$1.861

$9.389

  

81238XTS0

8.300%

10/26/04

$15.000

$1.608

$13.392

  

Physical 1

9.220%

08/21/06

$2.000

$-

$2.000

  

81238XDU2

8.660%

10/02/06

$2.000

$0.205

$1.795

  

81238XKE0

9.180%

05/04/11

$2.000

$-

$2.000

  

812387BA5

9.375%

11/01/11

$300.000

$49.289

$250.711

  

81238XBJ9

9.080%

02/01/12

$5.000

$5.000

$-

  

81238XBN0

10.000%

02/03/12

$114.000

$13.514

$100.486

  

81238XBY6

9.050%

02/06/12

$61.000

$9.266

$51.734

  

81238XBV2

9.050%

02/06/12

$30.000

$23.613

$6.387

  

81238XBZ3

9.200%

02/06/12

$10.000

$1.000

$9.000

  

81238XCJ8

9.100%

02/13/12

$20.000

$-

$20.000

  

81238XCQ2

9.120%

02/13/12

$22.000

$1.629

$20.371

  

81238XCH2

9.140%

02/13/12

$14.500

$0.215

$14.285

  

81238XCE9

9.170%

02/13/12

$18.000

$8.000

$10.000

  

81238XCS8

9.000%

02/14/12

$3.000

$1.000

$2.000

  

81238XCX7

9.030%

02/14/12

$2.000

$1.155

$0.845

  

81238XCU3

9.080%

02/14/12

$1.000

$-

$1.000

  

81238XCZ2

9.090%

02/15/12

$29.000

$-

$29.000

  

81238XDF5

9.050%

02/20/12

$5.000

$-

$5.000

  

81238XDY4

9.130%

02/27/12

$3.000

$-

$3.000

  

81238XEL1

9.100%

02/28/12

$1.000

$-

$1.000

  

81238XEP2

9.100%

03/01/12

$5.000

$0.110

$4.890

  

81238XEK3

9.120%

03/01/12

$7.000

$0.500

$6.500

  

81238XFH9

9.100%

03/12/12

$21.500

$8.500

$13.000

  

81238XFN6

8.990%

03/16/12

$2.000

$2.000

$-

  

Physical 2

9.600%

08/09/21

$1.000

$1.000

$-

 

Total

$1,052.250

$198.181

$854.069

 

 

 

RETAIL TENDER OFFER RESULTS

Tender Offers Expired at 12:00 midnight NYC Time, on Friday, November 14, 2003

The following schedules provide the final tender offer results
by the issuer and particular series of Notes as of the expiration of the offers.

CUSIP Number

Coupon

Maturity Date

Earliest Redemption Date

Principal Outstanding
as of 10/17/03
($ millions)

Total
Amount Tendered ($ millions)

Principal Outstanding
as of 11/17/03
($ millions)

Listed Notes - Issued By Sears Roebuck Acceptance Corp.

Applicable Principal Amount = $25.00

The Listed Notes are listed on the New York Stock Exchange

812404408 (SRJ)

7.000%

07/15/42

07/15/07

$250.000

$138.647

$111.353

 

812404507 (SRL)

7.400%

02/01/43

05/01/08

$250.000

$156.605

$93.395

 

Total

$500.000

$295.251

$204.749

 

InterNotes - Issued By Sears Roebuck Acceptance Corp.

Applicable Principal Amount = $1,000.00

8124JFBQ8

5.750%

03/15/06

03/15/04

$27.233

 

$6.046

 

$21.187

 

8124JFBR6

6.650%

03/15/08

03/15/04

$18.041

 

$6.462

 

$11.579

  

8124JFBS4

7.375%

03/15/10

03/15/04

$10.572

 

$2.338

 

$8.234

  

8124JFBT2

7.750%

03/15/13

03/15/04

$10.792

 

$3.717

 

$7.075

  

8124JFBU9

4.800%

04/15/06

04/15/04

$17.315

 

$2.568

 

$14.747

  

8124JFBW5

4.350%

04/15/06

04/15/04

$8.084

 

$1.394

 

$6.690

  

8124JFBV7

5.600%

04/15/08

04/15/04

$11.146

 

$2.792

 

$8.354

  

8124JFBX3

5.250%

04/15/08

04/15/04

$7.349

 

$1.964

 

$5.385

  

8124JFBY1

5.850%

04/15/10

04/15/04

$2.062

 

$0.346

 

$1.716

  

8124JFBZ8

6.450%

04/15/13

04/15/04

$8.666

 

$2.987

 

$5.679

  

8124JFCA2

4.050%

05/15/06

05/15/04

$5.190

 

$1.143

 

$4.047

  

8124JFCE4

3.850%

05/15/06

05/15/04

$5.562

 

$1.615

 

$3.947

  

8124JFCK0

3.750%

05/15/06

05/15/04

$6.963

 

$1.578

 

$5.385

  

8124JFCP9

3.500%

05/15/06

05/15/04

$5.095

 

$1.477

 

$3.618

  

8124JFCT1

3.550%

05/15/06

05/15/04

$5.709

  

$1.378

  

$4.331

  

8124JFCB0

5.000%

05/15/08

05/15/04

$17.614

  

$1.784

  

$15.830

  

8124JFCF1

4.800%

05/15/08

05/15/04

$5.681

  

$0.900

  

$4.781

  

8124JFCL8

4.750%

05/15/08

05/15/04

$5.872

  

$3.210

  

$2.662

  

8124JFCQ7

4.350%

05/15/08

05/15/04

$6.396

  

$2.807

  

$3.589

  

8124JFCU8

4.300%

05/15/08

05/15/04

$3.331

  

$0.842

  

$2.489

  

8124JFCC8

5.625%

05/15/10

05/15/04

$2.288

  

$0.850

  

$1.438

  

8124JFCH7

5.450%

05/15/10

05/15/04

$4.309

  

$1.346

  

$2.963

  

8124JFCM6

5.350%

05/15/10

05/15/04

$4.042

  

$1.606

  

$2.436

  

8124JFCR5

5.000%

05/15/10

05/15/04

$4.386

  

$1.610

  

$2.776

  

8124JFCV6

4.950%

05/15/10

05/15/04

$3.570

  

$1.282

  

$2.288

  

8124JFCD6

6.200%

05/15/13

05/15/04

$12.360

  

$6.831

  

$5.529

  

8124JFCJ3

6.000%

05/15/13

05/15/04

$8.851

  

$3.603

  

$5.248

  

8124JFCN4

6.000%

05/15/13

05/15/04

$13.799

  

$5.455

  

$8.344

  

8124JFCS3

5.650%

05/15/13

05/15/04

$6.782

  

$2.440

  

$4.342

  

8124JFCW4

5.550%

05/15/13

05/15/04

$8.128

  

$3.703

  

$4.425

  

8124JFCX2

3.500%

06/15/06

06/15/04

$4.169

  

$1.002

  

$3.167

  

8124JFDB9

3.300%

06/15/06

06/15/04

$5.513

  

$2.198

  

$3.315

  

8124JFDF0

2.700%

06/15/06

06/15/04

$4.823

  

$1.142

  

$3.681

  

8124JFDK9

2.700%

06/15/06

06/15/04

$1.808

  

$0.881

  

$0.927

  

8124JFCY0

4.300%

06/15/08

06/15/04

$4.599

  

$1.706

  

$2.893

  

8124JFDC7

4.100%

06/15/08

06/15/04

$6.630

  

$4.408

  

$2.222

  

8124JFDG8

3.550%

06/15/08

06/15/04

$2.480

  

$1.541

  

$0.939

  

8124JFDL7

3.500%

06/15/08

06/15/04

$1.682

  

$0.637

  

$1.045

  

8124JFCZ7

4.950%

06/15/10

06/15/04

$1.899

  

$0.753

  

$1.146

  

8124JFDD5

4.750%

06/15/10

06/15/04

$2.249

  

$0.696

  

$1.553

  

8124JFDH6

4.250%

06/15/10

06/15/04

$3.806

  

$0.680

  

$3.126

  

8124JFDM5

4.150%

06/15/10

06/15/04

$2.234

  

$1.050

  

$1.184

  

8124JFDA1

5.500%

06/15/13

06/15/04

$6.340

  

$3.291

  

$3.049

  

8124JFDE3

5.400%

06/15/13

06/15/04

$14.202

  

$8.755

  

$5.447

  

8124JFDJ2

4.900%

06/15/13

06/15/04

$4.289

  

$2.983

  

$1.306

  

8124JFDN3

2.900%

07/15/06

07/15/04

$4.112

  

$1.637

  

$2.475

  

8124JFDP8

3.850%

07/15/08

07/15/04

$2.450

  

$1.286

  

$1.164

  

8124JFDQ6

4.550%

07/15/10

07/15/04

$5.013

  

$3.225

  

$1.788

  
                   

8124JFAD8

7.250%

12/15/09

12/15/04

$34.326

  

$18.825

  

$15.501

  

8124JFAH9

7.300%

12/15/09

12/15/04

$27.994

  

$12.003

  

$15.991

  

8124JFAM8

7.400%

01/15/10

01/15/05

$10.459

  

$5.688

  

$4.771

  

8124JFAR7

7.400%

01/15/10

01/15/05

$19.068

  

$7.604

  

$11.464

  

8124JFAV8

7.450%

01/15/10

01/15/05

$40.699

  

$15.856

  

$24.843

  

8124JFAY2

4.950%

02/15/05

*

$89.413

  

$36.891

  

$52.522

  

8124JFBK1

7.000%

03/15/10

03/15/05

$20.171

  

$6.941

  

$13.230

  

8124JFBP0

6.800%

03/15/10

03/15/05

$6.002

  

$2.965

  

$3.037

  

8124JFAA4

5.650%

12/15/05

*

$35.384

  

$15.608

  

$19.776

  

8124JFAE6

5.750%

12/15/05

*

$42.917

  

$13.196

  

$29.721

  

8124JFAJ5

6.000%

01/15/06

*

$16.419

  

$6.524

  

$9.895

  

8124JFAN6

5.900%

01/15/06

*

$23.187

  

$7.135

  

$16.052

  

8124JFAS5

5.900%

01/15/06

*

$50.190

  

$18.769

  

$31.421

  

8124JFAW6

5.400%

01/15/06

*

$59.717

  

$21.257

  

$38.460

  

8124JFBA3

5.400%

02/15/06

*

$50.182

  

$17.735

  

$32.447

  

8124JFBC9

5.500%

02/15/06

*

$40.414

  

$12.817

  

$27.597

  

8124JFBE5

5.800%

02/15/06

*

$58.535

  

$22.275

  

$36.260

  

8124JFBG0

5.400%

03/15/06

*

$40.439

  

$13.353

  

$27.086

  

8124JFBL9

5.200%

03/15/06

*

$26.670

  

$8.944

  

$17.726

  

8124JFAB2

6.600%

12/15/07

*

$32.125

  

$16.935

  

$15.190

  

8124JFAF3

6.700%

12/15/07

*

$25.351

  

$10.010

  

$15.341

  

8124JFAK2

7.000%

01/15/08

*

$17.834

  

$6.549

  

$11.285

  

8124JFAP1

6.900%

01/15/08

*

$19.777

  

$7.362

  

$12.415

  

8124JFAT3

6.750%

01/15/08

*

$56.371

  

$17.885

  

$38.486

  

8124JFAX4

6.150%

01/15/08

*

$43.647

  

$19.008

  

$24.639

  

8124JFAZ9

6.200%

02/15/08

*

$39.998

  

$13.329

  

$26.669

  

8124JFBB1

6.100%

02/15/08

*

$27.315

  

$14.616

  

$12.699

  

8124JFBD7

6.250%

02/15/08

*

$24.063

  

$13.506

  

$10.557

  

8124JFBF2

6.650%

02/15/08

*

$46.362

  

$20.529

  

$25.833

  

8124JFBH8

6.200%

03/15/08

*

$24.349

  

$11.136

  

$13.213

  

8124JFBM7

6.000%

03/15/08

*

$15.595

  

$6.622

  

$8.973

  

8124JFAC0

7.400%

12/15/12

*

$45.163

  

$30.452

  

$14.711

  

8124JFAG1

7.500%

12/15/12

*

$54.895

  

$33.746

  

$21.149

  

8124JFAL0

7.500%

01/15/13

*

$14.229

  

$8.433

  

$5.796

  

8124JFAQ9

7.500%

01/15/13

*

$21.498

  

$12.319

  

$9.179

  

8124JFAU0

7.500%

01/15/13

*

$36.380

  

$15.974

  

$20.406

  

8124JFBJ4

7.150%

03/15/13

*

$13.819

  

$6.434

  

$7.385

  

8124JFBN5

7.050%

03/15/13

*

$8.358

 

$3.669

 

$4.689

 

Total

$1,594.801

$646.845

$947.956

 

* These notes are not redeemable at the Company's option prior to their stated maturity date.
EX-99.C 5 ex99c.htm SCHEDULE OF FINAL TENDER OFFER CONSIDERATION AND ACCRUED INTEREST New Page 1

Exhibit 99(c)

INSTITUTIONAL TENDER OFFER PRICES

Tender Offers Expired at 12:00 midnight NYC Time, on Friday, November 14, 2003,

and Settled on Monday, November 17, 2003

This information is not an offer to purchase or a solicitation of an offer to purchase with respect to any securities. 
The tender offers will be made solely pursuant to the Offers to Purchase and related Letters of Transmittal
and are not being made in any jurisdiction in which such an offer would be unlawful.

The following schedules indicate the issuer and particular series of Notes that were subject to the offers
and provide the tender offer consideration and accrued and unpaid interest.

CUSIP Number

Coupon

Maturity Date

Principal Outstanding
as of 10/17/03
($ millions)

Tender Offer Consideration

Accrued Interest

Notes Issued by Sears DC Corp.

DC2MTFX84

9.200%

02/27/12

$10.000

$1,276.91

$11.76

 

DC2MTFX80

9.150%

03/01/12

$1.000

$1,273.84

$11.69

  

DC2MTFX81

9.150%

03/01/12

$2.000

$1,273.84

$11.69

  

DC2MTFX87

9.150%

03/10/12

$0.500

$1,274.51

$11.69

  

DC2MTFX93

9.140%

03/13/12

$10.000

$1,274.05

$11.68

  

DC2MTFX94

9.070%

03/16/12

$7.000

$1,269.53

$11.59

  

25466PAC2

9.140%

03/19/12

$4.300

$1,274.50

$11.68

  

25466PAG3

9.260%

03/20/12

$3.000

$1,282.71

$11.83

  

25466PBV9

9.100%

04/13/12

$6.000

$1,273.58

$11.63

 

 

Notes Issued by Sears Roebuck Acceptance Corp.

81240QMS8

3L+295

01/07/04

$258.385

$1,001.22

$4.67

**

81240QKT8

6.060%

02/18/04

$2.600

$1,009.16

$15.49

81240QMY5

3L+190

02/20/04

$149.750

$1,001.75

$7.49

**

81240QMT6

3L+280

02/23/04

$193.600

$1,004.34

$9.39

**

81240QKY7

6.100%

02/24/04

$20.200

$1,010.07

$15.59

81240QKZ4

6.120%

02/24/04

$20.000

$1,010.13

$15.64

81240QMZ2

3L+190

02/25/04

$250.200

$1,001.99

$7.07

**

81240QNA6

3L+190

03/09/04

$131.700

$1,002.62

$5.83

**

81240QMU3

3L+280

03/23/04

$50.000

$1,006.41

$6.02

**

81240QMV1

3L+200

04/23/04

$155.500

$1,004.90

$2.16

**

81240QMW9

3L+200

05/11/04

$171.000

$1,005.81

$0.44

81240QMX7

3L+200

05/12/04

$25.000

$1,005.81

$0.43

81240QHK1

7.100%

06/04/04

$6.500

$1,028.19

$0.39

*

81240QHH8

7.110%

06/04/04

$5.000

$1,028.25

$0.40

*

81240QHF2

7.120%

06/04/04

$5.000

$1,028.31

$0.40

*

81240QHS4

6.920%

06/17/04

$50.000

$1,029.09

$0.38

*

81240QHP0

6.930%

06/17/04

$18.000

$1,029.15

$0.39

*

81240QHQ8

6.940%

06/17/04

$3.000

$1,029.21

$0.39

*

81240QHR6

6.950%

06/17/04

$26.000

$1,029.28

$0.39

*

81240QHV7

6.850%

06/24/04

$13.700

$1,029.71

$0.38

*

81240QHW5

6.860%

06/24/04

$1.000

$1,029.77

$0.38

*

81240QMR0

4.500%

09/22/04

$15.000

$1,021.81

$4.63

81240QJK9

6.600%

09/22/04

$3.500

$1,039.60

$16.87

81240QMN9

3L+118

10/13/04

$100.000

$1,003.43

$2.23

**

81240QJM5

6.270%

10/18/04

$5.000

$1,039.75

$16.02

81240QJX1

6.375%

11/22/04

$5.000

$1,044.49

$16.29

81240QKF8

6.530%

11/29/04

$12.000

$1,046.88

$16.69

81240QKC5

6.300%

12/06/04

$5.000

$1,045.28

$16.10

81240QMJ8

0.000%

02/03/06

$25.000

$939.65

$ --

81240QKM3

6.000%

01/18/05

$5.000

$1,046.36

$15.33

81240QKP6

6.000%

02/07/05

$5.000

$1,047.96

$15.33

81240QKQ4

6.100%

02/25/05

$5.000

$1,051.11

$15.59

812404AF8

6.750%

09/15/05

$250.000

$1,079.67

$11.63

81240QBZ4

6.110%

11/15/05

$0.100

$1,070.34

$0.34

*

81240QBW1

6.130%

11/15/05

$0.575

$1,070.73

$0.34

*

81240QBX9

6.150%

11/15/05

$4.402

$1,071.13

$0.34

*

81240QCL4

6.330%

12/12/05

$1.250

$1,076.63

$0.35

*

81240QCM2

6.380%

12/13/05

$5.000

$1,077.75

$0.35

*

81240QLX8

5.660%

12/14/05

$10.000

$1,063.11

$14.46

81240QCU4

6.360%

01/03/06

$4.000

$1,078.50

$0.35

*

81240QCY6

6.300%

01/09/06

$5.000

$1,077.85

$0.35

*

81240QCZ3

6.310%

01/09/06

$1.000

$1,078.06

$0.35

*

812404AG6

6.125%

01/15/06

$250.000

$1,075.33

$20.76

81240QGC0

7.060%

10/10/06

$5.000

$1,109.47

$0.39

*

812404AT8

6.700%

11/15/06

$300.000

$1,102.41

$0.37

*

81240QHD7

7.200%

05/09/07

$5.000

$1,125.06

$0.40

*

81240QHE5

7.150%

05/21/07

$5.000

$1,123.13

$0.40

*

812404AV3

7.000%

06/15/07

$500.000

$1,121.73

$29.56

81240QHT2

7.040%

06/19/07

$10.000

$1,120.61

$0.39

*

81240QJD5

6.470%

08/13/07

$5.000

$1,102.09

$16.53

812404AW1

6.700%

09/18/07

$150.000

$1,113.35

$10.98

81240QJN3

6.600%

11/05/07

$5.000

$1,110.24

$16.87

81240QKJ0

6.560%

12/05/07

$11.000

$1,109.35

$16.76

81240QKK7

6.340%

12/18/07

$5.000

$1,101.91

$16.20

81240QLB6

6.300%

03/18/08

$5.000

$1,100.84

$16.10

81240QLD2

6.280%

04/08/08

$5.000

$1,100.00

$16.05

81240QLF7

6.240%

05/01/08

$5.000

$1,098.03

$15.95

81240QLH3

6.300%

05/29/08

$5.000

$1,102.18

$16.10

81240QLK6

6.250%

06/02/08

$5.000

$1,100.28

$15.97

81240QLL4

6.190%

06/19/08

$5.000

$1,097.85

$15.82

81240QLM2

6.170%

07/14/08

$5.000

$1,096.34

$15.77

81240QLN0

6.200%

07/15/08

$5.000

$1,097.68

$15.84

81240QLP5

6.100%

07/21/08

$5.000

$1,093.73

$15.59

81240QLS9

6.125%

08/15/08

$5.000

$1,094.24

$15.65

81240QLT7

6.100%

09/10/08

$5.000

$1,094.03

$15.59

81240QLU4

6.000%

11/20/08

$5.000

$1,088.36

$15.33

81240QLV2

6.000%

11/24/08

$5.000

$1,088.54

$15.33

81240QLY6

5.750%

01/20/09

$5.000

$1,075.04

$14.69

81240QLZ3

5.700%

02/12/09

$5.000

$1,073.53

$14.57

81240QMA7

5.875%

03/05/09

$5.000

$1,080.75

$15.01

81240QMB5

6.125%

03/16/09

$5.000

$1,093.16

$15.65

81240QMC3

6.050%

03/30/09

$5.000

$1,090.21

$15.46

81240QMD1

6.000%

04/15/09

$5.000

$1,086.42

$15.33

81240QLE0

6.490%

04/17/09

$15.000

$1,110.24

$16.59

812404BF7

6.250%

05/01/09

$750.000

$1,101.37

$2.78

81240QLQ3

6.200%

08/09/10

$5.000

$1,083.81

$15.84

812404BG5

7.000%

02/01/11

$1,000.000

$1,125.49

$20.61

812404BH3

6.750%

08/15/11

$750.000

$1,113.64

$17.25

812404BJ9

6.700%

04/15/12

$600.000

$1,113.55

$5.96

81240QLJ9

6.635%

05/18/12

$10.000

$1,103.51

$16.96

81240QLR1

6.510%

08/15/13

$15.000

$1,098.93

$16.64

812404AY7

6.875%

10/15/17

$300.000

$1,140.65

$6.11

812404AX9

7.500%

10/15/27

$250.000

$1,092.36

$6.67

812404AZ4

6.750%

01/15/28

$200.000

$1,037.41

$22.88

812404BE0

6.500%

12/01/28

$300.000

$1,008.35

$29.97

812404BK6

7.000%

06/01/32

$1,000.000

$1,073.96

$32.28

 

Notes Issued by Sears, Roebuck and Co.

812387BB3

6.250%

01/15/04

$300.000

$1,003.42

$21.18

81238XRT0

6.340%

06/15/04

$5.000

$1,003.51

$8.10

81238XTJ0

8.230%

10/20/04

$20.000

$1,005.90

$10.52

81238XTH4

8.240%

10/20/04

$20.000

$1,005.92

$10.53

81238XTM3

8.230%

10/21/04

$11.250

$1,005.90

$10.52

81238XTS0

8.300%

10/26/04

$15.000

$1,005.96

$10.61

Physical 1

9.220%

08/21/06

$2.000

$1,007.12

$11.78

81238XDU2

8.660%

10/02/06

$2.000

$1,006.43

$11.07

81238XKE0

9.180%

05/04/11

$2.000

$1,007.05

$11.73

812387BA5

9.375%

11/01/11

$300.000

$1,007.31

$4.17

81238XBJ9

9.080%

02/01/12

$5.000

$1,006.95

$11.60

81238XBN0

10.000%

02/03/12

$114.000

$1,008.10

$12.78

81238XBY6

9.050%

02/06/12

$61.000

$1,006.90

$11.56

81238XBV2

9.050%

02/06/12

$30.000

$1,006.90

$11.56

81238XBZ3

9.200%

02/06/12

$10.000

$1,007.09

$11.76

81238XCJ8

9.100%

02/13/12

$20.000

$1,006.98

$11.63

81238XCQ2

9.120%

02/13/12

$22.000

$1,007.01

$11.65

81238XCH2

9.140%

02/13/12

$14.500

$1,007.04

$11.68

81238XCE9

9.170%

02/13/12

$18.000

$1,007.04

$11.72

81238XCS8

9.000%

02/14/12

$3.000

$1,006.87

$11.50

81238XCX7

9.030%

02/14/12

$2.000

$1,006.87

$11.54

81238XCU3

9.080%

02/14/12

$1.000

$1,006.95

$11.60

81238XCZ2

9.090%

02/15/12

$29.000

$1,006.96

$11.62

81238XDF5

9.050%

02/20/12

$5.000

$1,006.90

$11.56

81238XDY4

9.130%

02/27/12

$3.000

$1,007.03

$11.67

81238XEL1

9.100%

02/28/12

$1.000

$1,006.98

$11.63

81238XEP2

9.100%

03/01/12

$5.000

$1,006.98

$11.63

81238XEK3

9.120%

03/01/12

$7.000

$1,007.01

$11.65

81238XFH9

9.100%

03/12/12

$21.500

$1,006.98

$11.63

81238XFN6

8.990%

03/16/12

$2.000

$1,006.85

$11.49

Physical 2

9.600%

08/09/21

$1.000

$1,007.62

$12.27

* Represents interest from November 15, 2003 to Settlement Date;
scheduled interest due Saturday, November 15, 2003 to be paid separately on Monday, November 17, 2003

** Adjusted November 14, 2003 to properly reflect the Actual/360 calculation

 

 

RETAIL TENDER OFFER PRICES

Tender Offers Will Expired at 12:00 midnight NYC Time, on Friday, November 14, 2003,

and Settled on Monday, November 17, 2003

This informationt is not an offer to purchase or a solicitation of an offer to purchase with respect to any securities. 
The tender offers will be made solely pursuant to the Offers to Purchase and related Letters of Transmittal
and are not being made in any jurisdiction in which such an offer would be unlawful.

The following schedules indicate the issuer and particular series of Notes that were subject to the offers
and provide the tender offer consideration and accured and unpaid interest.

CUSIP Number

Coupon

Maturity Date

Earliest Redemption Date

Principal Outstanding
as of 10/17/03
($ millions)

Tender Offer Consideration

Accrued
Interest

Listed Notes - Issued By Sears Roebuck Acceptance Corp.

Applicable Principal Amount = $25.00

812404408

7.000%

07/15/42

07/15/07

$250.000

$27.68

$0.16

 

812404507

7.400%

02/01/43

05/01/08

$250.000

$28.18

$0.08

 

 

InterNotes - Issued By Sears Roebuck Acceptance Corp.

Applicable Principal Amount = $1,000.00

8124JFBQ8

5.750%

03/15/06

03/15/04

$27.233

$1,012.00

$9.90

 

8124JFBR6

6.650%

03/15/08

03/15/04

$18.041

$1,015.00

$11.45

  

8124JFBS4

7.375%

03/15/10

03/15/04

$10.572

$1,017.00

$12.70

  

8124JFBT2

7.750%

03/15/13

03/15/04

$10.792

$1,019.00

$13.35

  

8124JFBU9

4.800%

04/15/06

04/15/04

$17.315

$1,012.00

$4.27

  

8124JFBW5

4.350%

04/15/06

04/15/04

$8.084

$1,010.00

$3.87

  

8124JFBV7

5.600%

04/15/08

04/15/04

$11.146

$1,015.00

$4.98

  

8124JFBX3

5.250%

04/15/08

04/15/04

$7.349

$1,014.00

$4.67

  

8124JFBY1

5.850%

04/15/10

04/15/04

$2.062

$1,016.00

$5.20

  

8124JFBZ8

6.450%

04/15/13

04/15/04

$8.666

$1,019.00

$5.73

  

8124JFCA2

4.050%

05/15/06

05/15/04

$5.190

$1,011.00

$0.23

*

8124JFCE4

3.850%

05/15/06

05/15/04

$5.562

$1,010.00

$0.21

*

8124JFCK0

3.750%

05/15/06

05/15/04

$6.963

$1,009.00

$0.21

*

8124JFCP9

3.500%

05/15/06

05/15/04

$5.095

$1,008.00

$0.19

*

8124JFCT1

3.550%

05/15/06

05/15/04

$5.709

$1,008.00

$0.20

*

8124JFCB0

5.000%

05/15/08

05/15/04

$17.614

$1,015.00

$0.28

*

8124JFCF1

4.800%

05/15/08

05/15/04

$5.681

$1,015.00

$0.27

*

8124JFCL8

4.750%

05/15/08

05/15/04

$5.872

$1,014.00

$0.26

*

8124JFCQ7

4.350%

05/15/08

05/15/04

$6.396

$1,012.00

$0.24

*

8124JFCU8

4.300%

05/15/08

05/15/04

$3.331

$1,012.00

$0.24

*

8124JFCC8

5.625%

05/15/10

05/15/04

$2.288

$1,019.00

$0.31

*

8124JFCH7

5.450%

05/15/10

05/15/04

$4.309

$1,018.00

$0.30

*

8124JFCM6

5.350%

05/15/10

05/15/04

$4.042

$1,017.00

$0.30

*

8124JFCR5

5.000%

05/15/10

05/15/04

$4.386

$1,015.00

$0.28

*

8124JFCV6

4.950%

05/15/10

05/15/04

$3.570

$1,015.00

$0.28

*

8124JFCD6

6.200%

05/15/13

05/15/04

$12.360

$1,021.00

$0.34

*

8124JFCJ3

6.000%

05/15/13

05/15/04

$8.851

$1,020.00

$0.33

*

8124JFCN4

6.000%

05/15/13

05/15/04

$13.799

$1,020.00

$0.33

*

8124JFCS3

5.650%

05/15/13

05/15/04

$6.782

$1,019.00

$0.31

*

8124JFCW4

5.550%

05/15/13

05/15/04

$8.128

$1,018.00

$0.31

*

8124JFCX2

3.500%

06/15/06

06/15/04

$4.169

$1,010.00

$15.75

  

8124JFDB9

3.300%

06/15/06

06/15/04

$5.513

$1,009.00

$14.21

  

8124JFDF0

2.700%

06/15/06

06/15/04

$4.823

$1,005.00

$11.10

  

8124JFDK9

2.700%

06/15/06

06/15/04

$1.808

$1,005.00

$10.58

  

8124JFCY0

4.300%

06/15/08

06/15/04

$4.599

$1,014.00

$19.35

  

8124JFDC7

4.100%

06/15/08

06/15/04

$6.630

$1,013.00

$17.65

  

8124JFDG8

3.550%

06/15/08

06/15/04

$2.480

$1,010.00

$14.59

  

8124JFDL7

3.500%

06/15/08

06/15/04

$1.682

$1,010.00

$13.71

  

8124JFCZ7

4.950%

06/15/10

06/15/04

$1.899

$1,018.00

$22.28

  

8124JFDD5

4.750%

06/15/10

06/15/04

$2.249

$1,017.00

$20.45

  

8124JFDH6

4.250%

06/15/10

06/15/04

$3.806

$1,014.00

$17.47

  

8124JFDM5

4.150%

06/15/10

06/15/04

$2.234

$1,013.00

$16.25

  

8124JFDA1

5.500%

06/15/13

06/15/04

$6.340

$1,021.00

$24.75

  

8124JFDE3

5.400%

06/15/13

06/15/04

$14.202

$1,021.00

$23.25

  

8124JFDJ2

4.900%

06/15/13

06/15/04

$4.289

$1,018.00

$20.14

  

8124JFDN3

2.900%

07/15/06

07/15/04

$4.112

$1,007.00

$10.79

  

8124JFDP8

3.850%

07/15/08

07/15/04

$2.450

$1,013.00

$14.33

  

8124JFDQ6

4.550%

07/15/10

07/15/04

$5.013

$1,018.00

$16.94

  
 

 

8124JFAD8

7.250%

12/15/09

12/15/04

$34.326

$1,058.89

$30.61

  

8124JFAH9

7.300%

12/15/09

12/15/04

$27.994

$1,059.42

$30.82

  

8124JFAM8

7.400%

01/15/10

01/15/05

$10.459

$1,063.91

$25.08

  

8124JFAR7

7.400%

01/15/10

01/15/05

$19.068

$1,063.91

$25.08

  

8124JFAV8

7.450%

01/15/10

01/15/05

$40.699

$1,064.48

$25.25

  

8124JFAY2

4.950%

02/15/05

**

$89.413

$1,037.21

$12.65

  

8124JFBK1

7.000%

03/15/10

03/15/05

$20.171

$1,066.41

$12.06

  

8124JFBP0

6.800%

03/15/10

03/15/05

$6.002

$1,063.80

$11.71

  

8124JFAA4

5.650%

12/15/05

**

$35.384

$1,065.89

$23.86

  

8124JFAE6

5.750%

12/15/05

**

$42.917

$1,067.90

$24.28

  

8124JFAJ5

6.000%

01/15/06

**

$16.419

$1,075.78

$20.33

  

8124JFAN6

5.900%

01/15/06

**

$23.187

$1,073.68

$19.99

  

8124JFAS5

5.900%

01/15/06

**

$50.190

$1,073.68

$19.99

  

8124JFAW6

5.400%

01/15/06

**

$59.717

$1,063.21

$18.30

  

8124JFBA3

5.400%

02/15/06

**

$50.182

$1,063.21

$13.80

  

8124JFBC9

5.500%

02/15/06

**

$40.414

$1,065.38

$14.06

  

8124JFBE5

5.800%

02/15/06

**

$58.535

$1,071.89

$14.82

  

8124JFBG0

5.400%

03/15/06

**

$40.439

$1,065.50

$9.30

  

8124JFBL9

5.200%

03/15/06

**

$26.670

$1,061.00

$8.96

  

8124JFAB2

6.600%

12/15/07

**

$32.125

$1,116.42

$27.87

  

8124JFAF3

6.700%

12/15/07

**

$25.351

$1,120.18

$28.29

  

8124JFAK2

7.000%

01/15/08

**

$17.834

$1,131.89

$23.72

  

8124JFAP1

6.900%

01/15/08

**

$19.777

$1,128.06

$23.38

  

8124JFAT3

6.750%

01/15/08

**

$56.371

$1,122.30

$22.88

  

8124JFAX4

6.150%

01/15/08

**

$43.647

$1,099.29

$20.84

  

8124JFAZ9

6.200%

02/15/08

**

$39.998

$1,098.33

$15.84

  

8124JFBB1

6.100%

02/15/08

**

$27.315

$1,094.43

$15.59

  

8124JFBD7

6.250%

02/15/08

**

$24.063

$1,100.28

$15.97

  

8124JFBF2

6.650%

02/15/08

**

$46.362

$1,115.86

$16.99

  

8124JFBH8

6.200%

03/15/08

**

$24.349

$1,100.12

$10.68

  

8124JFBM7

6.000%

03/15/08

**

$15.595

$1,092.19

$10.33

  

8124JFAC0

7.400%

12/15/12

**

$45.163

$1,179.77

$31.24

  

8124JFAG1

7.500%

12/15/12

**

$54.895

$1,187.02

$31.67

  

8124JFAL0

7.500%

01/15/13

**

$14.229

$1,188.34

$25.42

  

8124JFAQ9

7.500%

01/15/13

**

$21.498

$1,188.34

$25.42

  

8124JFAU0

7.500%

01/15/13

**

$36.380

$1,188.34

$25.42

  

8124JFBJ4

7.150%

03/15/13

**

$13.819

$1,162.36

$12.31

  

8124JFBN5

7.050%

03/15/13

**

$8.358

$1,154.96

$12.14

 

* Represents interest from November 15, 2003 to Settlement Date;

scheduled interest due Saturday, November 15, 2003 to be paid separately on Monday, November 17, 2003

** These notes are not redeemable at the Company's option prior to their stated maturity date.
-----END PRIVACY-ENHANCED MESSAGE-----