| | |
Per Share
|
| |
Total
|
| ||||||
Public Offering Price(1)
|
| | | | % | | | | | $ | | | |
Underwriting Discount(2)
|
| | | | % | | | | | $ | | | |
Proceeds to the issuer (before expenses)(3)
|
| | | | % | | | | | $ | | | |
| BofA Securities | | | Morgan Stanley | | |
UBS Investment Bank
|
| |
Wells Fargo Securities
|
|
| | |
Page
|
| |||
Prospectus Supplement
|
| ||||||
| | | | S-iii | | | |
| | | | S-iii | | | |
| | | | S-1 | | | |
| | | | S-9 | | | |
| | | | S-15 | | | |
| | | | S-16 | | | |
| | | | S-18 | | | |
| | | | S-31 | | | |
| | | | S-34 | | | |
| | | | S-40 | | | |
| | | | S-47 | | | |
| | | | S-47 | | | |
| | | | S-47 | | | |
| | | | S-47 | | |
| | |
Page
|
| |||
Prospectus
|
| ||||||
| | | | 1 | | | |
| | | | 2 | | | |
| | | | 3 | | | |
| | | | 5 | | | |
| | | | 6 | | | |
| | | | 7 | | | |
| | | | 8 | | | |
| | | | 22 | | | |
| | | | 23 | | | |
| | | | 24 | | | |
| | | | 25 | | | |
| | | | 25 | | | |
| | | | 26 | | | |
| | | | 26 | | |
| | |
At December 31 2020
|
| |||||||||
(in millions, except share numbers and percentages)
|
| |
Actual
|
| |
As Adjusted
|
| ||||||
Debt related to senior notes | | | | | | | | | | | | | |
Related to 3.70% Senior Notes due 2029(1)
|
| | | $ | 496 | | | | | $ | 496 | | |
1.25% Guaranteed Notes due 2026(2)
|
| | | | 915 | | | | | | 915 | | |
Debt related to Capital Efficient Notes(3)
|
| | | | 70 | | | | | | 70 | | |
Debt related to 4.500% Fixed-Rate Reset Junior Subordinated Notes due 2050(4)
|
| | | | 494 | | | | | | 494 | | |
Debt | | | | $ | 1,975 | | | | | $ | 1,975 | | |
Shareholders’ equity | | | | | | | | | | | | | |
Common shares (par value $0.00000001; issued and outstanding: 100,000,000 shares)
|
| | | $ | ― | | | | | $ | ― | | |
Preferred shares, par value $1.00
|
| | | | | | | | | | | | |
Series G Preferred Shares ($25.00 liquidation value per share; 6,415,264 shares issued and outstanding)
|
| | | | 6 | | | | | | 6 | | |
Series H Preferred Shares ($25.00 liquidation value per share; 11,753,798 shares issued and outstanding)
|
| | | | 12 | | | | | | 12 | | |
Series I Preferred Shares ($25.00 liquidation value per share; 7,320,574 shares issued and outstanding)
|
| | | | 7 | | | | | | 7 | | |
Series J Preferred Shares offered hereby
|
| | | | ― | | | | | | | | |
Additional paid-in capital
|
| | | | 2,335 | | | | | | | | |
Accumulated other comprehensive loss
|
| | | | (96) | | | | | | (96) | | |
Retained earnings
|
| | | | 5,063 | | | | | | 5,063 | | |
Total shareholders’ equity
|
| | | $ | 7,327 | | | | | $ | | | |
Total capitalization
|
| | | $ | 9,302 | | | | | $ | | | |
| |
You should consult your own tax advisor regarding the U.S. federal, state and local tax consequences of owning and disposing of the Series J Preferred Shares in your particular circumstances.
|
| |
Underwriter
|
| |
Number of Series J
Preferred Shares |
| |||
BofA Securities, Inc.
|
| | | | | | |
Morgan Stanley & Co. LLC
|
| | | | | | |
UBS Securities LLC
|
| | | | | | |
Wells Fargo Securities, LLC
|
| | | | | | |
Total | | | | | | | |
| | |
Per Share
|
| |
Total
|
| ||||||
Public Offering Price(1)
|
| | | | % | | | | | $ | | | |
Underwriting Discount(2)
|
| | | | % | | | | | $ | | | |
Proceeds to the issuer (before expenses)(3)
|
| | | | % | | | | | $ | | | |
|
Registration Statement filing fee*
|
| | | $ | 169,680 | | |
|
Legal fees and expenses
|
| | | | | | |
|
Accounting fees and expenses
|
| | | | | | |
|
Printing costs
|
| | | | | | |
|
Miscellaneous
|
| | | | | | |
|
Total
|
| | | $ | | | |
| | |
Page
|
| |||
| | | | 1 | | | |
| | | | 2 | | | |
| | | | 3 | | | |
| | | | 5 | | | |
| | | | 6 | | | |
| | | | 7 | | | |
| | | | 8 | | | |
| | | | 22 | | | |
| | | | 23 | | | |
| | | | 24 | | | |
| | | | 25 | | | |
| | | | 25 | | | |
| | | | 26 | | | |
| | | | 26 | | |
|
Registration Statement filing fee
|
| | | $ | 169,680 | | |
|
Trustees’ fees and expenses
|
| | | $ | * | | |
|
Legal fees and expenses
|
| | | $ | * | | |
|
Accounting fees and expenses
|
| | | $ | * | | |
|
Printing costs
|
| | | $ | * | | |
|
Miscellaneous
|
| | | $ | * | | |
|
Total
|
| | | $ | * | | |
|
BofA Securities
|
| |
Morgan Stanley
|
| |
UBS Investment Bank
|
| |
Wells Fargo Securities
|
|