- Free Writing Prospectus - Filing under Securities Act Rules 163/433 (FWP)
April 14 2010 - 9:14AM
Edgar (US Regulatory)
Filed Pursuant to Rule 433
Registration Statement No. 333- 159960
FINAL TERM SHEET
Popular, Inc.
40,000,000 Depositary Shares, each representing 1/40
th
of a share
of Contingent Convertible Perpetual Non-Cumulative Preferred Stock, Series D
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General
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Issuer:
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Popular, Inc.
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Ticker/Exchange:
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BPOP / Nasdaq Stock Market
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Last sale price of common stock on April 13, 2010:
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$3.50
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Contingent Convertible Perpetual Preferred Offering
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Securities offered:
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40,000,000 Depositary Shares, each
representing 1/40
th
of
a share of Contingent Convertible
Perpetual Non- Cumulative
Preferred Stock, Series D.
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Over-allotment option:
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Up to 6,000,000 additional Depositary Shares
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Mandatory Conversion:
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Each share of Preferred Stock represented
by the Depositary Shares will
automatically convert into
333.3333 shares of common stock (a
conversion price of $3.00 per
share of common stock), subject to
anti-dilution adjustments, on the
fifth business day after which
Shareholder Approval has been
received.
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Price to public:
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$25.00 per Depositary Share
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Underwriting discounts and commissions:
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$1.0625 per Depositary Share
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CUSIP:
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733174502
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ISIN:
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PR7331745021
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Listing:
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The Issuer intends to apply to list the
Depositary Shares representing
the Preferred Stock on the Nasdaq
Stock Market under the symbol
BPOPC
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Other Offering Information
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Trade date:
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April 13, 2010
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Settlement date:
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April 19, 2010
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Representatives of the underwriters:
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Morgan Stanley & Co. Incorporated
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Underwriters:
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Morgan Stanley & Co. Incorporated
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Keefe, Bruyette & Woods, Inc.
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Popular Securities, Inc.
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UBS Securities LLC
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Popular, Inc. has filed a registration statement (including a prospectus) with the SEC for the
offerings to which this communication relates. Before you invest, you should read the preliminary
prospectus supplements dated April 12, 2010, the accompanying prospectus dated June 12, 2009 and
other documents we have filed with the SEC for more complete information about Popular, Inc. and
this offering. You may obtain these documents and other documents Popular, Inc. has filed for free
by visiting the SECs web site at www.sec.gov. Alternatively, Popular, Inc., any underwriter or any
dealer participating in the offering will arrange to send you the preliminary prospectus
supplements and accompanying prospectus if you request them by contacting Morgan Stanley
& Co. Incorporated, 180 Varick Street, 2
nd
Floor, New York, NY 10014, Attention: Prospectus
Department, email: prospectus@morganstanley.com.
ANY DISCLAIMERS OR OTHER NOTICES THAT MAY APPEAR BELOW ARE NOT APPLICABLE TO THIS COMMUNICATION AND
SHOULD BE DISREGARDED. SUCH DISCLAIMERS OR OTHER NOTICES WERE AUTOMATICALLY GENERATED AS A RESULT
OF THIS COMMUNICATION BEING SENT VIA BLOOMBERG OR ANOTHER EMAIL SYSTEM.
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