Convertibles Calendar: iQIYI on tap

Nov. 29:

iQIYI Inc.:

• $500 million five-year convertible notes

• $75 million greenshoe

• Coupon of 3.25% to 3.75% and an initial conversion premium of 40% to 45%

• Rule 144A and Regulation S

• Goldman Sachs & Co. LLC, BofA Merrill Lynch and J.P. Morgan Securities LLC

• Non-callable

• Putable on Dec. 1, 2021

• Beijing-based online entertainment service provider

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