QUANTUMONLINE.COM SECURITY DESCRIPTION:  PG&E Corp. Equity Units Due 8/16/2023 stated amount $100 per unit, initially consisting of Equity Units which include a prepaid stock purchase contract and a 1/48,000th undivided beneficial ownership interest in specified U.S. treasury strips that mature on a quarterly basis from, and including, 08/15/2020 through, and including, 08/15/2023. The stock purchase contract requires the holder to purchase for $100 a variable number of shares of PG&E Corp. (NYSE: PCG) common stock no later than 08/16/2023. The stock purchase settlement rate will be 8.5929 shares per unit if the then current market price is equal to or greater than $11.6375 and 10.5263 shares per unit if the market price is equal to or less than $9.50. For market prices between those values the settlement rate will be $100 divided by the market value. Prior to the IPO of this security, the last reported sale price of the common stock on 06/25/2020 was $9.73 per share. The stock purchase contract may be settled any time at the holder’s option and the company will deliver 8.5929 shares of common stock for each purchase contract. Each Equity Unit will initially evidence a 1/48,000th beneficial ownership interest in U.S. treasury strips. The amount received from the U.S. government in respect of each U.S. treasury strip underlying the Equity Unit will be forwarded to each holder of the Equity Units on the business day immediately following the date such U.S. treasury strip matures on 2/15, 5/15, 8/15 & 11/15 of each year. The Issuer expects that the amount payable per Equity Unit per full quarter will be equal to $1.3750, which represents an annual rate of return on the Stated Amount per Equity Unit of 5.50%. Distributions paid by these securities are derived from interest paid on the underlying debt securities and therefore 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. If a Fundamental Change occurs on or prior to 8/16/2023 holders of units may be able to convert the contract into common stock at the fundamental change conversion rate plus a fundamental change dividend make-whole amount (see prospectus for further information). The holder has the right at any time to withdraw its beneficial ownership interest in U.S. treasury strips evidenced by such Equity Units. Because each Equity Unit evidences a 1/48,000th beneficial ownership interest in specified U.S. treasury strips, any separation of Equity Units may be made only in integral multiples of 48,000 Equity Units. This security was not rated by Moody’s or S&P at the time of its IPO.

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	5.50% $5.5	$100.00 $100.00	Not callable 8/16/2023	NR NF 10/25/2022	8.5929@$11.6375+ 11.6375@$9.50-	2/15, 5/15, 8/15 & 11/15 Click for MW ExDiv Date Click for Yahoo ExDiv Date	No

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HOME PAGE:     https://www.pgecorp.com/
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Company's Email Address Links

Email Address

invrel@pge-corp.com

Address and Phone Numbers

Address:   77 Beale Street, San Francisco, California 94177
Main Phone Number	415-973-1000
Fax Number	415-267-7265
Investor Relations	415-267-7080
Toll Free Phone Number	Unknown

CEO - Patricia K. "Patti" Poppe

CFO - Jason P. Wells