Qualcomm Announces Pricing Terms of Its Cash Offers for Four Series of Notes Open to Retail Holders Only

About this update from Qualcomm Incorporated

[{"type":"text","content":"SAN DIEGO, Aug. 11, 2020 /PRNewswire/ -- Qualcomm Incorporated (NASDAQ: QCOM) announced today the pricing terms of its four separate offers to purchase for cash (each, a \"Cash Offer,\" and collectively, the \"Cash Offers\") any and all of the outstanding notes listed in the table below (collectively, the \"Old Notes\"), on the terms and subject to the conditions set forth in the Offer to Purchase dated August 5, 2020 (the \"Offer to Purchase\" and, together with the certification to participate in the Cash Offers, the instructions for such certification and the notice of guaranteed delivery, the \"Cash Offer Documents\"). The Cash Offers are subject to an aggregate maximum condition as set forth below. \nThe Cash Offers will expire at 5:00 p.m., New York City time today, August 11, 2020 (such date and time, as may be extended or earlier terminated by Qualcomm, the \"Cash Offer Expiration Date\"). The \"Cash Offer Settlement Date\" will be promptly following the Cash Offer Expiration Date and is expected to be August 14, 2020.\nOnly holders who are not \"qualified institutional buyers\" and who are not non-U.S. persons (other than \"retail investors\" in the European Economic Area or in the United Kingdom and investors in any province or territory of Canada that are individuals or that are institutions or other entities that do not qualify as both \"accredited investors\" and \"permitted clients\") are eligible to participate in this transaction, as more fully described below. Qualcomm also announced today the pricing terms of its transaction to exchange such four series of notes pursuant to private exchange offers (each, an \"Exchange Offer\" and collectively, the \"Exchange Offers\"), which are open only to Ineligible Holders (as defined below).\nThe following table sets forth, for each series of Old Notes, the yields and the Tender Consideration (as defined in the Cash Offer Documents) for each $1,000 principal amount of such Old Notes validly tendered and not validly withdrawn prior to the Cash Offer Expiration Date and accepted by Qualcomm:\nTitle of Series of Old Notes to bePurchased\nCUSIP/ISIN\nReference U.S. \nTreasury Security\nReference Yield(1)\nFixed Spread \n(basis points)\nYield(2)\nTender Consideration\n3.000% Notes due 2022 (\"Old 2022 Notes\")\n747525AE3; \nUS747525AE30\n1.750% U.S. Treasury Notes due May 15, 2...

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