New Issue: Apple prices C$2.5 billion of 2.513% seven-year notes at par

By Devika Patel

Knoxville, Tenn., Aug. 15 – Apple Inc. priced C$2.5 billion of 2.513% seven-year notes at par, according to an FWP filed with the Securities and Exchange Commission.

HSBC Securities (USA) Inc., RBC Capital Markets Corp., BMO Capital Markets Corp. and Goldman Sachs & Co. are the bookrunners.

Proceeds will be used for general corporate purposes, including common stock repurchases, dividend payments, working capital, capital expenditures, acquisitions and debt repayment.

The computer and mobile communications device company is based in Cupertino, Calif.

Issuer:	Apple Inc.
Amount:	C$2.5 billion
Description:	Notes
Maturity:	Aug. 19, 2024
Bookrunners:	HSBC Securities (USA) Inc., RBC Capital Markets Corp., BMO Capital Markets Corp. and Goldman Sachs & Co.
Co-managers:	CIBC World Markets Inc., Merrill Lynch Canada Inc., TD Securities Inc.
Coupon:	2.513%
Price:	Par
Yield:	2.513%
Call features:	Make-whole call at Government of Canada Yield plus 20 bps until June 19, 2024, then a par call
Ratings:	Moody’s: Aa1
	S&P: AA+
Trade date:	Aug. 15
Settlement date:	Aug. 18
Distribution:	Institutional investors in Canada

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