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Household Capital Trust IV, 7 1/4% Trust Preferred Securities
Ticker Symbol: HI-P* CUSIP: 44180R209 Exchange: NYSE
* NOTE: This security is no longer trading as of 8/15/2003
Security has been Called for: Friday, August 15, 2003
July 23, 2003 -- Household International, Inc., a subsidiary of HSBC Holdings plc (NYSE: HBC), announced today that it will call all 4,000,000 shares of its Household Capital Trust I 8.25% Trust Preferred Securities due June 30, 2025 (NYSE: HIPrT) and all 8,000,000 shares of its Household Capital Trust IV 7.25% Trust Preferred Securities due December 31, 2037 (NYSE: HIPrP). The redemption price for each issue will be $25 plus accrued interest to the redemption date, which in each case, will be August 15, 2003.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Household Capital Trust IV, 7 1/4% Trust Preferred Securities, liquidation amount $25 per share, guaranteed by Household Intl Inc. (NYSE: HI), redeemable at the issuer's option on or after 3/19/2003 at $25 per share plus accrued and unpaid dividends, maturing 12/31/2037, distributions of 7 1/4% ($1.1825) per annum are paid quarterly on 3/31, 6/30, 9/30 & 12/31 to holders of record one business day prior to the payment date while the securities remain in book-entry form. The company has the right, at any time, to defer dividend payments for up to 20 consecutive quarters (but not beyond the maturity date). The trust's assets consist of the 7 1/4% Junior Subordinated Deferrable Interest Notes due 12/31/2037 which were purchased from the company using the funds generated from the sale of the trust preferred securities. See the IPO prospectus for further information on the trust preferred securities by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (HBC)
IPO - 3/13/1998 - 8.00 Million Shares @ $25.00/share.
Link to IPO Prospectus
Market Value $196.0 Million
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Foreign Address and Phone Numbers |
| Address: 8 Canada Square, London E14 5HQ, United Kingdon |
| Main Phone Number |
+44-20-7991-8888 |
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Inv Rel Phone Number
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+44-20-7991-8041 |
| Address and Phone Numbers |
| U.S. Representative |
HSBC North America Holdings Inc. |
| Address: 26525 N. Riverwoods Boulevard, Mettawa, IL 60045 |
| Main Phone Number |
212-525-5000 |
| Fax Number |
224-544-4400 |
| Investor Relations
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224-544-4400
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Toll Free Phone Number |
Unknown |
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