DESCRIPTION OF NOTES
The following description is a summary of the terms of the notes being offered, and supplements the information under Description of Debt
Securities in the accompanying prospectus and, to the extent it is inconsistent, replaces the description in the accompanying prospectus. The descriptions in this prospectus supplement and the accompanying prospectus contain descriptions of
certain terms of the notes and the indenture but do not purport to be complete and are subject to, and are qualified in their entirety by reference to, all of the provisions of the indenture that has been filed as an exhibit to the registration
statement of which this prospectus supplement and the accompanying prospectus are a part, including the definitions of specified terms used in the indenture, and to the Trust Indenture Act of 1939, as amended. We urge you to read the indenture
because it, and not this description, defines your rights as a holder of the notes. For purposes of this description, references to Visa, the Company, we, our and us refer only to Visa Inc.
and not to its subsidiaries.
General
The 2027 notes
will initially be limited to an aggregate principal amount of $ . The 2027 notes will bear interest from
, 2020, payable semi-annually on each
and ,
beginning on , 2021, to the persons in whose names the 2027 notes are registered at the close of business on each
and , as
the case may be (whether or not a business day), immediately preceding such and
. The 2027 notes will mature on
, 2027.
The 2031 notes will
initially be limited to an aggregate principal amount of $ . The 2031 notes will bear interest from
, 2020, payable semi-annually on each
and ,
beginning on , 2021, to the persons in whose names the 2031 notes are registered at the close of business on each
and , as
the case may be (whether or not a business day), immediately preceding such and
. The 2031 notes will mature on
, 2031.
The 2050 notes will
initially be limited to an aggregate principal amount of $ . The 2050 notes will bear interest from
, 2020, payable semi-annually on each
and ,
beginning on , 2021, to the persons in whose names the 2050 notes are registered at the close of business on each
and , as
the case may be (whether or not a business day), immediately preceding such and
. The 2050 notes will mature on
, 2050.
Each series of
notes will be issued under an indenture dated as of December 14, 2015, between us and U.S. Bank National Association, as trustee. The indenture is more fully described in the accompanying prospectus.
The notes are not subject to any sinking fund.
We
may, without the consent of the existing holders of the notes, issue additional notes of any series having the same terms (except the issue date, the date from which interest accrues and, in some cases, the first interest payment date) so that
existing notes of a particular series and additional notes of such series form the same series under the indenture, provided, however, that if any such additional notes are not fungible with the existing notes for U.S. federal income tax
purposes, such additional notes will have a separate CUSIP number.
The notes will be our unsecured and unsubordinated debt and will rank equally
and ratably among themselves and with our existing and future unsecured and unsubordinated debt.
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