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State Street Corp., 6.75% SPACES due 11/15/2005
Ticker Symbol: SBZ* CUSIP: 857477202 Exchange: NYSE
* NOTE: This security is no longer trading as of 11/15/2005
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QUANTUMONLINE.COM SECURITY DESCRIPTION: State Street Corp., 6.75% SPACES, stated amount $200 per unit. Each SPACES has a stated amount of $200 and will consist of PACES(SM), a fixed-share purchase contract and treasury securities, and a variable-share repurchase contract. The SPACES investors will receive total annual payments of 6.75% on the units, payable quarterly, consisting of an annual 2.75% coupon on the PACES and an annual 4.00% contract payment on the variable-share repurchase contract. The SPACES will have a threshold appreciation price of $48.71, reflecting a 23% premium to the common stock reference price of $39.60. State Street will not receive any significant proceeds from the SPACES at closing, but will receive the proceeds upon settlement of the fixed share purchase contract on November 15, 2005. The variable-share repurchase contract will be settled on February 15, 2006. See the IPO prospectus for very extensive additional information on these very complicated SPACES by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (STT)
IPO - 1/15/2003 - 1.50 Million Shares @ $200.00/share.
Link to IPO Prospectus
Market Value $309.0 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 |
| Address and Phone Numbers |
| Address: 225 Franklin Street, Boston, MA 02110 |
| Main Phone Number |
617-786-3000 |
| Fax Number |
617-654-3386 |
| Investor Contact
Kelley MacDonald
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617-664-3477
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| Toll Free Phone Number |
877-639-7788 |
| CEO - David A. Spina |
CFO - Ronald L. O'Kelley |
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