Convertibles Calendar: Herbalife to price

March 21 (pre-open)

HERBALIFE LTD.

• $500 million of convertible notes due 2024

• Price talk for a coupon of 2.375% to 2.875% and an initial conversion premium of 27.5% to 32.5%

• Pricing prior to the market open Wednesday

• BofA Merrill Lynch and Credit Suisse Securities (USA) LLC

• Rule 144A

• Repurchase a portion of the company’s outstanding 2% convertible notes due 2019

• Los Angeles-based global nutrition company

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