Qualcomm Announces Pricing Terms of Its Private Exchange Offers for Four Series of Notes Open to Certain Investors

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 private offers to exchange (each, an \"Exchange Offer,\" and collectively, the \"Exchange Offers\") any and all of the outstanding notes listed in the table below (collectively, the \"Old Notes\") for two new series of Qualcomm's senior notes due 2028 and 2032 (the \"New 2028 Notes\" and the \"New 2032 Notes,\" respectively, and collectively, the \"New Notes\") on the terms and subject to the conditions set forth in the Offering Memorandum dated August 5, 2020 (the \"Offering Memorandum\" and, together with the eligibility letter, the Canadian holder form and the notice of guaranteed delivery, the \"Exchange Offer Documents\"). No consents are being solicited as part of the Exchange Offers. The Exchange Offers are subject to minimum conditions as described below. \nThe Exchange 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 \"Exchange Offer Expiration Date\"). The \"Exchange Offer Settlement Date\" will be promptly following the Exchange Offer Expiration Date and is expected to be August 14, 2020.\nOnly holders who are \"qualified institutional buyers\" or who are 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 repurchase such four series of notes pursuant to cash tender offers (each, a \"Cash Offer\" and collectively, the \"Cash Offers\"), which are open only to Ineligible Holders (as defined below).\nThe following table sets forth, for each series of Old Notes, the yields, the Exchange Consideration (as defined in the Exchange Offer Documents) and the principal amount of New Notes to be issued (the \"Total Exchange Consideration\") for each $1,000 principal amount of such Old Notes validly tendered and not validly withdrawn prior to the Exchange Offer Expiration Date and accepted by Qualcomm:\nT...

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