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Navient Corp., CPI-Linked Notes, Series A due 3/15/2017
Ticker Symbol: OSM     CUSIP: 78442P403     Exchange: NGS
Security Type:   Exchange-Traded Debt Security

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Navient Corp., formerly SLM Corp., Medium Term Notes, Series A, CPI-Linked Notes, due 3/15/2017, issued in $25 denominations. The notes are not redeemable, and mature on 3/15/2017. Adjustable rate distributions are paid monthly on 15th of each month. The initial interest rate is 5.256% and will be reset monthly. The interest rate will be the current CPI (Consumer Price Index) minus the CPI 12 months prior to the current CPI divided by the CPI 12 months prior to the current CPI plus the spread of 2.00%. The minimum interest rate will not be less than 0.00%. Distributions paid by these debt securities are interest and as such 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 expected to trade flat, which means accrued interest will be reflected in the trading price and the purchasers will not pay and the sellers will not receive any accrued and unpaid interest. The Notes are unsecured and unsubordinated obligations of the company and will rank equally with all existing and future unsecured and unsubordinated indebtedness of the company. See the IPO prospectus for further information on the notes and the interest rate calculation by clicking on the ‘Link to IPO Prospectus’ provided below.
Cpn Rate
Ann Amt
Call Date
Matur Date
Distribution Dates 15%
Tax Rate
Adj Rate
Ba3 / BB-
15th of each month
Click for MW ExDiv Date
Click for Yahoo ExDiv Date

Goto Parent Company's Record (NAVI)

IPO - 3/24/2005 - 4.00 Million Notes @ $25.00/note.    Link to IPO Prospectus
Previous Ticker Symbol: SLMJZ    Changed: 4/27/05
Previous Name: SLM Corp., Medium Term Notes, Series A, CPI-Linked Notes, due 3/15/2017    Changed: 4/30/14
Market Value $ 100 Million
Click for current OSM price quote from the NASDAQ

Company's Online Information Links
HOME PAGE:     http://www.salliemae.com/
Company's Investor Relations Information Goto Investor Relations Information
Company's Online News Releases Goto News Releases
Online Company Profile Goto Online Profile

Company's Online SEC EDGAR Filings
Company's SEC EDGAR Filings Goto SEC Filings

Company's Email Address Links
Email Address joe.fisher@SallieMae.com
Email Contact Form on Website Goto Email Form

Address and Phone Numbers
Address:   300 Continental Drive, Newark, DE 19713
Main Phone Number 302-283-8000
Fax Number 800-848-1949
Investor Contact   Joe Fisher 302-283-4075
Toll Free Phone Number 888-272-5543
CEO - Albert L. Lord CFO - Jonathan C. Clark

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