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    PPL Corp., 9.50% Equity Units
    Ticker Symbol: PPL-U*     CUSIP: 69351T601     Exchange: NYSE
    Security Type:   Mandatory Convertible Security
    * NOTE: This security is no longer trading as of 5/01/2013

    QUANTUMONLINE.COM SECURITY DESCRIPTION:  PPL Corp., 9.50% Equity Units, stated amount $50 per unit, initially consisting of Corporate Units which include a stock purchase contract and a 1/20th or 5% interest in a 4.625% junior subordinated note with a principal amount of $1000. The stock purchase contract requires the holder to purchase for $50 a variable number of shares of PPL Corp. (NYSE: PPL) common stock no later than 7/1/2013 and pays a contract adjustment rate of 4.875% per annum. The stock purchase settlement rate will be 1.7361 shares per unit if the then current market price is equal to or greater than $28.80 and 2.0833 shares per unit if the market price is equal to or less than $24.00. For market prices between those values the settlement rate will be $50 divided by the market value. Prior to the IPO of this security, the last reported sale price of the common stock on 6/18/2010 was $26.06 per share. The note is due 7/1/2018 and is subject to reset and remarketing in two tranches between 3/28/2013 and 6/13/2013 (see the prospectus for further information). The Corporate Units pay quarterly distributions of 9.50% ($4.75) per annum on 1/1, 4/1, 7/1 & 10/1 to holders of record on the record date which is the 15th day of the month prior to the payment date (NOTE: the ex-dividend date is at least 2 business days prior to the record date). Prior to July 1, 2015, PPL Capital Funding, Inc. will have the right to defer interest payments on the notes one or more times for one or more consecutive interest periods without giving rise to an event of default. Distributions paid by these securities are derived from interest paid on the underlying debt securities and therefore are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. The notes are pledged as collateral to secure the holder's obligations under the stock purchase contract. The holder has the right at any time to convert the Corporate Units to Treasury Units by the substitution of a specified zero-coupon U.S. Treasury security for the notes and to later recreate Corporate Units. The notes are junior, subordinated, and unsecured and rank equally with the company's other junior subordinated indebtedness. See the IPO prospectus for extensive additional information on the equity units and their mandatory conversion provisions by clicking on the ‘Link to IPO Prospectus’ provided below.
    Stock
    Exchange
    Cpn Rate
    Ann Amt
    LiqPref
    CallPrice
    Call Date
    Matur Date
    Moodys/S&P
    Dated
    Conversion
    Shares@Price
    Distribution Dates 15%
    Tax Rate
    NYSE
    Chart
    9.50%
    $4.75
    $50.00
    N/A
    7/01/2013
    7/01/2018
    Baa3 BBB
    3/06/2013
    1.7361@$28.80+
    2.0833@$24.00
    1/1, 4/1, 7/1 & 10/1
    Click for MW ExDiv Date
    Click for Yahoo ExDiv Date
    No

    Go to Parent Company's Record (PPL)

    IPO - 6/24/2010 - 20.00 Million Units @ $50.00/unit.    Link to IPO Prospectus
    Market Value $1.1 Billion

    Company's Online Information Links
    HOME PAGE:     http://www.pplweb.com/
    Company's Investor Relations Information Go to Investor Relations Information
    Company's Online News Releases Go to News Releases
    Online Company Profile Go to Online Profile

    Company's Online SEC EDGAR Filings
    Company's SEC EDGAR Filings Go to SEC Filings

    Company's Email Address Links
    Email Address invrel@pplweb.com
    Email Request Form on Website Go to Email Form

    Address and Phone Numbers
    Address:   Two North Ninth Street, Allentown, PA 18101
    Main Phone Number 610-774-5151
    Fax Number 610-774-5106
    Investor Relations 610-774-5151
    Toll Free Phone Number 800-345-3085
    CEO - William H. Spence CFO - Paul A. Farr

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