Convertibles Calendar: Etsy to price

March 9

ETSY

• $300 million of convertible notes due 2023

• $45 million greenshoe

• Price talk for an issue price of 98.5 to 99

• Fixed coupon of 0% and fixed initial conversion premium of 37.5%

• Pricing prior to the market open Friday

•Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC

• Rule 144A

• Cover the cost of the call spread and repurchase up to $45 million of company shares

• New York-based e-commerce website focused on handmade and vintage items

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