MTCN ArcelorMittal 5.50% Mandatorily Convertible Subordinated Notes due 2023

The Notes will bear interest from, and including, May 18, 2020 at the rate of 5.50% per year, payable quarterly in arrears on February 18, May 18, August 18 and November 18 of each year, commencing on August 18, 2020 subject to our right to defer interest payments as more fully described in the prospectus. On May 18, 2023 (the “Maturity Date”), unless previously converted or purchased and canceled, the Notes will be mandatorily converted into between 114,760,500 Shares and 134,843,500 Shares in the aggregate, subject to adjustments set forth in the prospectus. The Maximum Conversion Ratio for the Notes will initially be 2.69687 Shares per $25 principal amount of Notes and the Minimum Conversion Ratio for the Notes will initially be 2.29521 Shares per $25 principal amount of Notes. During the Conversion Period, you may elect to convert your Notes (subject to certain exceptions), in whole or in part, into Shares at the Minimum Conversion Ratio, together with a cash payment in respect of any Optionally Outstanding Payments (as defined herein). During the Conversion Period, the Issuer may elect to cause the conversion of the Notes, in whole but not in part, into Shares at the Maximum Conversion Ratio, together with a cash payment in respect of a Make-whole Amount, any Optionally Outstanding Payments and any other accrued and unpaid interest to, but excluding, the Settlement Date.  This security was issued by ArcelorMittal ADRs, whose common stock symbol is MT.

$67.58  -0.73 (-1.07%)
As of 06/18/2021 16:00:02 EST     IEX book   CBOE book


Security Information
Category1:  US Equity
Category2:  Exchange traded debt
Category3:  Short-term
GICS sector:  Materials
Industry:  Steel
Index country:  Luxembourg
Country of incorporation:  Luxembourg
IPO date:  05/27/2020
Outstanding shares:  50,000,000
Average volume:  52,341
Market cap:   $3,379,000,000
Current dividend yield:  2.03%    calculation
Coupon rate:    5.500%
Liquidation value:   $25.00
Callable after:   01/01/1900
Maturity date:    05/18/2023
Prospectus:    Read on SEC.gov
All SEC filings:   SEC Edgar Online
Annual filings:      20-F
CUSIP:    03938L302
ISIN:        US03938L3024
Sedol:      BMDWS46

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