NSS NuStar Logistics L.P. 7.625% Fixed-to-Floating Rate Subordinated Notes due 2043

Interest is payable quarterly in arrears on January 15, April 15, July 15 and October 15 of each year. The issuer may redeem the Notes in whole at any time or in part from time to time on or after January 15, 2018, at a redemption price equal to 100% of their principal amount plus accrued and unpaid interest thereon. The issuer may elect to defer interest payments on the Notes on one or more occasions for up to five consecutive years as described in the prospectus. Deferred interest will accumulate additional interest at a rate equal to the interest rate then applicable to the Notes, to the extent permitted by law. Beginning 4/15/2018, interest is payable at an annual rate equal to the sum of the Three-Month LIBOR Rate plus a spread of 673.4 basis points.  This security was issued by NuStar Energy LP, whose common stock symbol is NS.

Be careful when analyzing this common stock as NuStar has several classes of publicly traded preferred stock and privately held preferred stock that is convertible to common stock.  

$25.37  -0.09 (-0.35%)
As of 06/18/2021 16:00:02 EST     IEX book   CBOE book


Security Information
Category1:  US Equity
Category2:  Exchange traded debt
Category3:  Long-term
GICS sector:  Energy
Industry:  Oil & Gas Midstream
Index country:  USA
Country of incorporation:  USA
IPO date:  02/11/2013
Outstanding shares:  16,100,000
Average volume:  28,476
Market cap:   $408,457,000
Current dividend yield:  6.89%    calculation
Initial coupon rate:    7.625%
Spread to LIBOR: 0.067340
Liquidation value:   $25.00
Callable after:   01/15/2018
Maturity date:    01/15/2043
Prospectus:    Read on SEC.gov
All SEC filings:     SEC Edgar Online
Quarterly filings:   10-Q
Annual filings:      10-K
CUSIP:    67059T204
ISIN:        US67059T2042
Sedol:      B8S0HY0

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