Filed Pursuant to Rule 433
Registration Statement No. 333- 159960
Registration Statement No. 333- 159960
FINAL TERM SHEET
Popular, Inc.
40,000,000 Depositary Shares, each representing 1/40th of a share
of Contingent Convertible Perpetual Non-Cumulative Preferred Stock, Series D
of Contingent Convertible Perpetual Non-Cumulative Preferred Stock, Series D
General |
||
Issuer: |
Popular, Inc. | |
Ticker/Exchange: |
BPOP / Nasdaq Stock Market | |
Last sale price of common stock on April 13, 2010: |
$3.50 |
| Contingent Convertible Perpetual Preferred Offering | ||
Securities offered:
|
40,000,000 Depositary Shares, each representing 1/40th of a share of Contingent Convertible Perpetual Non- Cumulative Preferred Stock, Series D. | |
Over-allotment option:
|
Up to 6,000,000 additional Depositary Shares | |
Mandatory Conversion:
|
Each share of Preferred Stock represented by the Depositary Shares will automatically convert into 333.3333 shares of common stock (a conversion price of $3.00 per share of common stock), subject to anti-dilution adjustments, on the fifth business day after which Shareholder Approval has been received. | |
Price to public:
|
$25.00 per Depositary Share | |
Underwriting discounts and commissions:
|
$1.0625 per Depositary Share | |
CUSIP:
|
733174502 | |
ISIN:
|
PR7331745021 | |
Listing:
|
The Issuer intends to apply to list the Depositary Shares representing the Preferred Stock on the Nasdaq Stock Market under the symbol “BPOPC” | |
Other Offering Information |
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Trade date:
|
April 13, 2010 | |
Settlement date:
|
April 19, 2010 | |
Representatives of the underwriters:
|
Morgan Stanley & Co. Incorporated | |
Underwriters:
|
Morgan Stanley & Co. Incorporated | |
| Keefe, Bruyette & Woods, Inc. | ||
| Popular Securities, Inc. | ||
| UBS Securities LLC |
Popular, Inc. has filed a registration statement (including a prospectus) with the SEC for the
offerings to which this communication relates. Before you invest, you should read the preliminary
prospectus supplements dated April 12, 2010, the accompanying prospectus dated June 12, 2009 and
other documents we have filed with the SEC for more complete information about Popular, Inc. and
this offering. You may obtain these documents and other documents Popular, Inc. has filed for free
by visiting the SEC’s web site at www.sec.gov. Alternatively, Popular, Inc., any underwriter or any
dealer participating in the offering will arrange to send you the preliminary prospectus
supplements and accompanying prospectus if you request them by contacting Morgan Stanley
& Co. Incorporated, 180 Varick Street, 2nd Floor, New York, NY 10014, Attention: Prospectus
Department, email: prospectus@morganstanley.com.
ANY DISCLAIMERS OR OTHER NOTICES THAT MAY APPEAR BELOW ARE NOT APPLICABLE TO THIS COMMUNICATION AND
SHOULD BE DISREGARDED. SUCH DISCLAIMERS OR OTHER NOTICES WERE AUTOMATICALLY GENERATED AS A RESULT
OF THIS COMMUNICATION BEING SENT VIA BLOOMBERG OR ANOTHER EMAIL SYSTEM.