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Electronic Data Systems Corp., 7.625% FELINE PRIDES 8/17/04
Ticker Symbol: EDS-I* CUSIP: 285661203 Exchange: NYSE
* NOTE: This security is no longer trading as of 8/17/2004
QUANTUMONLINE.COM SECURITY DESCRIPTION: Electronic Data Systems Corp., 7.625% FELINE PRIDES, stated amount $50 per unit, initially consisting of Income PRIDES which include a stock purchase contract and a 5.78% senior note with a principal amount of $50. The purchase contract requires the holder to purchase for $50 a variable number of shares of Electronic Data Systems Corp. (NYSE: EDS) common stock no later than 8/18/2004 and pays a contract adjustment rate of 1.845% per annum. The stock purchase settlement rate will be 0.6996 shares per unit if the then current market price is equal to or greater than $71.47 and 0.8430 shares per unit if the market price is equal to or less than $59.31. For market prices between those values the settlement rate will be $50 divided by the market value. The last reported sale price of the common stock on 6/20/2001 was $59.31. The senior note is due 8/17/2006 and is subject to reset and remarketing on or after 5/17/2004. The Income PRIDES pay quarterly distributions of 7.625% ($3.8125) per annum on 2/17, 5/17, 8/17 & 11/17 to holders of record on the first day of the month in which the payment is due. The senior 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 Income PRIDES to Growth PRIDES by the substitution of a specified zero-coupon U.S. Treasury security for the senior notes and to later recreate Income PRIDES. The senior notes are unsecured and rank equally with the company's other unsecured senior indebtedness. See the IPO prospectus for extensive additional information on the FELINE PRIDES and their mandatory conversion provisions by clicking on the ‘Link to IPO Prospectus’ provided below.
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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
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7.63%
$3.8125
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$50.00
n.a.
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8/17/2004
8/17/2006
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Baa3
BBB-
7/04/2004
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0.6996@$71.47+
0.8430@$59.31-
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2/17, 5/17, 8/17 & 11/17
Click for MW ExDiv Date
Click for Yahoo ExDiv Date
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No
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Go to Parent Company's Record (EDS)
IPO - 6/22/2001 - 28.00 Million Units @ $50.00/unit.
Link to IPO Prospectus
Market Value $1.5 Billion
Company's Online Information Links
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Company's Online SEC EDGAR Filings |
Company's Email Address Links |
Address and Phone Numbers |
Address: 5400 Legacy Drive, Plano, TX 75024 |
Main Phone Number |
972-604-6000 |
Fax Number |
972-605-6662 |
Investor Relations
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972-605-6660
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Toll Free Phone Number |
800-566-9337 |
CEO - Richard H. "Dick" Brown |
CFO - James E. Daley |
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