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United Technologies Corp | 7.50% Corporate Units (UTX.PRA)

Prospectus excerpt:  This is an offering of Equity Units by United Technologies Corporation. The Equity Units will each have a stated amount of $50 and will initially be in the form of a Corporate Unit consisting of a purchase contract issued by United Technologies Corporation and, initially, a 1/20, or 5%, undivided beneficial ownership interest in $1,000 principal amount of United Technologies Corporation?s 1.55% junior subordinated notes due 2022, which we refer to as the notes.

Full Prospectus PDF », Secondary Prospectus PDF », UTX Page »

Alternate symbology:UTX-A, UTX-PA, UTXprA
Redeemable?:Yes
Call Date:8/1/2017 (Now Trading Post Call Date)
Maturity Date:8/1/2022
Cumulative?:Yes
Conversion Ratio:0.5075-0.6725
Conversion Price:$74.35-$98.51
Shares Offered:20,000,000
Overallotment:2,000,000
Liquidation Preference:$50.00
Original Coupon:7.50%
Pay Period:Quarterly
Pay Dates:1-Feb, 1-May, 1-Aug, 1-Nov
CDx3 Compliance Rating: Learn UTX.PRA's Rating
United Technologies provides technology products and services to the building systems and aerospace industries. Co. has four segments: Otis, which designs, manufactures, sells and installs passenger and freight elevators; Carrier, which provides heating, ventilating, air conditioning refrigeration, fire and security solutions; Pratt & Whitney, which supplies aircraft engines for the commercial, military, business jet and general aviation market; and Collins Aerospace Systems, which provides aerospace products and aftermarket service solutions for aircraft manufacturers, airlines, regional, business and general aviation markets, military and space operations.

Preferred: UTX.PRA


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Name:  United Technologies Corp
Website:  www.utc.com
Sector:  Aerospace & Defense

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