QUANTUMONLINE.COM SECURITY DESCRIPTION: Ford Motor Co., 6.50% Notes due 2059, redeemable at the issuer's option on or after 08/15/2027 at $25 per note plus accrued and unpaid interest, and maturing 08/15/2062. Interest distributions of 6.50% per annum ($1.625 per annum or $0.40625 per quarter) will be paid quarterly on 2/15, 5/15, 8/15 & 11/15 to holders of record on the record date that will be the 15th day preceding the payment date (NOTE: the ex-dividend date is one business day prior to the record date).
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.
This security was rated Ba2 by Moody’s and rated BB+ by S&P at the date of its IPO. 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 debt securities by clicking on the ‘Link to IPO Prospectus’ provided below.
