Frequently Asked Questions

Why New Issue Corporate Notes?
Weekly offering of corporate notes provide individual investors the opportunity to buy debt securities directly from the issuer. Typically, individuals obtain their bonds in the secondary market, where securities are bought and sold after their original issuance. Buying new issues of corporate notes simplifies the purchasing decision, with no premium or discount pricing, no accrued interest, and a fixed price during a week's offering period.top of page

How are New Issues Priced?
New issue corporate notes are priced for purchase at par -- typically $1,000 per bond, and in increments of $1,000.top of page

What is the Yield on Corporate Notes?
When at par, the yield on a purchase of semi-annual corporate notes will be the stated coupon rate. The bond equivalent yield on monthly or quarterly pay corporate notes will be slightly higher than the stated coupon rate.top of page

What Maturities are Offered?
New issue corporate notes are issued in a wide range of maturities. Weekly updates are available by subscription through this web site, or check with your brokerage firm/advisor to determine which maturities are available each week.top of page

Will there be a Bond Certificate?
No. Corporate notes are issued on a book-entry basis only. Ownership of corporate notes is evidenced on your brokerage statement.top of page

How do I Purchase Corporate Notes?
New issue corporate notes are offered through a network of over 600 broker dealers and asset managers. New issue corporate notes are not available for purchase by individual investors directly from Incapital LLC, a co-lead underwriter in corporate notes.top of page

When do I get my Interest Payment?
Interest and principal payments on corporate notes are typically made on the 15th of the month. If you purchase a monthly pay note your first coupon payment will be the next calendar month on the 15th. If you purchase a semi-annual note, your first coupon payment will be on the 15th of the sixth month following the month of purchase. Corporate notes mature on the 15th of the month of the stated maturity, or check provisions for callable notes.top of page

Are Corporate Notes Callable?
New issue corporate notes may be callable or non-callable.top of page

What does Callable mean?
With callable notes, the issuer has the right, but not the obligation, to return the investor's principal prior to the maturity date. Callable notes are callable by the issuer at a specified future date for a specified future price. See the applicable prospectus for more detailed information on the features of callable notes.top of page

Where can I get a Prospectus?
The prospectus for each corporate notes program is available from participating broker-dealers, or can be downloaded from this website.top of page

What is the Survivor's Option?
The survivor's option is a feature of corporate notes which allows the holder's estate to return (or "put") the bonds back to the issuer at par. In the event of death, with some restrictions and limitations, this feature is at the option of the estate. Investors are urged to read the applicable prospectus for more complete disclosure.top of page