Convertibles Calendar: Western Digital, JPMorgan to price

January 30

WESTERN DIGITAL CORP.

• $1 billion of convertible notes due 2024

• $100 million greenshoe

• Price talk for a coupon of 1% to 1.5% and an initial conversion premium of 40% to 45%

• Pricing after the close on Tuesday

• Bank of America Merrill Lynch and J.P. Morgan Securities

• Rule 144A

• Non-callable for three years then callable subject to a 130% hurdle

• Redeem the company’s outstanding 7.375% senior notes due 2023

• Repurchase up to $500 million of company shares concurrently with the pricing

• San Jose, Calif.-based computer data storage company.

JPMORGAN CHASE FINANCIAL CO. LLC

• Cash-settled convertible notes linked to Voya Financial, Inc. stock due 2023

• Price talk for a coupon of 0% to 0.5% and an initial conversion premium of 32.5% to 37.5%

• Pricing after the close on Tuesday

• Bookrunner J.P. Morgan Securities LLC

• Registered

• Contingent conversion subject to 130% hurdle

• JPMorgan Chase Financial is a subsidiary of JPMorgan Chase Holdings LLC, a New York-based multinational banking and financial services holding company.

• Voya Financial is a New York-based investment and insurance company.

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