AESC The AES Corporation Corporate Units

The unit consists of a purchase contract issued by us and, initially, a 1/10th, or 10%, undivided beneficial ownership in one share of 0% Series A Cumulative Perpetual Convertible Preferred Stock, without par value, with a liquidation preference of $1,000 per share, issued by us, which we refer to as the “convertible preferred stock.” The purchase contract will obligate you to purchase from us, on February 15, 2024, for a price of $100, a number of newly-issued shares of our common stock equal to the settlement rate, which will not exceed 3.8640 shares (subject to adjustment in certain circumstances). We will pay you quarterly contract adjustment payments at the rate of 6.875% per year on the stated amount of $100 per Equity Unit, subject to our right to defer such contract adjustment payments as described in the prospectus supplement. The convertible preferred stock initially will not bear any dividends and the liquidation preference of the convertible preferred stock will not accrete. The convertible preferred stock will be remarketed as described in the prospectus supplement. Following a successful remarketing of the convertible preferred stock, dividends may become payable on the convertible preferred stock at a dividend rate to be determined in connection with such successful remarketing, in which case the convertible preferred stock will bear dividends at such rate and become payable when, as and if declared by our board of directors, quarterly in arrears on February 15, May 15, August 15 and November 15 of each year (each, a “payment date”), beginning on the first such payment date following the remarketing settlement date.  This security was issued by AES Corp, whose common stock symbol is AES.

$100.28  +1.45 (1.47%)
As of 10/20/2021 15:18:57 EST     IEX book   CBOE book


Security Information
Category1:  US Equity
Category2:  Units
Category3:  Large cap
GICS sector:  Utilities
Industry:  Utilities—Diversified
Index country:  USA
Country of incorporation:  USA
IPO date:  03/15/2021
Outstanding shares:  162,104,037
Average volume:  179,092
Market cap:   $15,892,679,775
Current dividend yield:  1.75%
Prospectus:    Read on SEC.gov
All SEC filings:     SEC Edgar Online
Quarterly filings:   10-Q
Annual filings:      10-K
CUSIP:    
ISIN:        
Sedol:      

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