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Household Capital Trust VII, 7.50% Trust Preferred Securities
Ticker Symbol: HI-V* CUSIP: 44180Y204 Exchange: NYSE
* NOTE: This security is no longer trading as of 11/08/2006
Security has been Called for: Wednesday, November 8, 2006
Sept. 11, 2006 -- HSBC Finance Corporation announced today that it will call all 8,000,000 shares of its Household Capital Trust VII 7.50% Junior Subordinated Deferrable Interest Notes due November 15, 2031 (NYSE: HIprV, CUSIP 44180Y 20 4). The redemption price for each issue will be $25 plus accrued interest to the redemption date that in each case will be November 8, 2006. The final payment on the Household Capital Trust VII 7.50% Notes will be made by J.P. Morgan Trust Company, National Association and only upon presentation and surrender of your Note(s) at the office of the J.P. Morgan Trust Company, National Association. If delivered by mail, we recommend for your protection you use fully insured, registered mail addressed to: J.P. Morgan Trust Company, National Association, Institutional Trust Services, P.O. Box 2320, Dallas, Texas 75221-2320. If delivered by overnight courier: J.P. Morgan Trust Company National Association, Institutional Trust Services, 2001 Bryan Street, 9th Floor, Dallas, Texas 75201. If you prefer to deliver your Note(s) by hand, please take them to: J.P. Morgan Trust Company National Association, GIS Unit Trust Window, 1st Floor, 4 New York Plaza, New York City, New York.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Household Capital Trust VII, 7.50% Trust Preferred Securities, liquidation amount $25, guaranteed by Household Intl Inc. (NYSE: HI), redeemable at the issuer's option on or after 11/08/2006 at $25 per share plus accrued and unpaid dividends, maturing 11/15/2031, distributions of 7.50% per annum are paid quarterly on 2/15, 5/15, 8/15 & 11/15 to holders of record one business day prior to the payment date. The company has the right, at any time, to defer interest payments for up to 20 consecutive quarters (see IPO prospectus for details). The trust's assets consist of the 7.50% Junior Subordinated Deferrable Interest Debentures due 11/15/2031 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 - 11/2/2001 - 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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