Business: Duke Energy Corp., 5.75% Depositary Shares each representing a 1/1,000th interest in a depositary share of Series A Cumulative Redeemable Perpetual Preferred Stock, liquidation preference $25 per depositary share, redeemable at the issuer's option on or after 6/15/2024 at $25 per depositary share plus accrued and unpaid dividends, and with no stated maturity. <p> Cumulative distributions of 5.75% per annum ($1.4375 per annum or $0.359357 per quarter) will be paid quarterly on 3/16, 6/16, 9/16 & 12/16 to holders of record on the 15th day prior to the payment date or other record date fixed by the board, not more than 60 days or less than 10 days prior to the payment date (NOTE: the ex-dividend date is one business day prior to the record date). <p> Dividends paid by this preferred security are eligible for the preferential income tax rate of 15% to a maximum of 20% depending on the holder's tax bracket (and under IRS specified holding restrictions) and are also eligible for the dividends received deduction for corporate holders (see page S-30 of the prospectus for further information). <p> Upon the occurrence of a Ratings Event the company will have the option within 120 days to redeem the preferred shares at $25.50 per Depositary share plus accrued and unpaid dividends. <p> This security was rated as Baa3 by Moody’s and BBB by S&P at the date of its IPO. In regard to the payment of dividends and upon liquidation, the preferred shares rank junior to the company's senior debt, equally with other preferreds of the company, and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.