Cowen Group 8.25% Senior Notes Due 2021

By: ,

Date Issued  10/03/2014

Shares Issued 2,200,000    Overallotment Shares   330,000

S&P Rating  NR   Moodys Rating   NR

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Security Ticker Symbol   COWNL

Market Traded ON   NASDAQ

Interest Payment Paid on the 15th of January, April, July and October beginning on 01/15/2015

Quarterly Interest   .5156   Annual Interest   2.0625

Securities may be redeemed, at the issuers option, at anytime, for the following amounts–

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Prior to October 15, 2017, redeemable, at the Issuer’s option, in whole at any time or in part from time to time, at a redemption price equal to 100% of the principal amount of the Notes, plus accrued and unpaid interest to, but not including, the redemption date, plus a Make-Whole Amount, if any.

 

Make-Whole Amount” shall mean, in connection with any optional redemption of any Note, the excess, if any of (i) the present value as of the date of such redemption of (a) the redemption price of such Note on October 15, 2017 (such redemption price being described below in the next paragraph) plus (b) all remaining required interest payments due on such Note through and including the payment due on October 15, 2017(exclusive of any interest accrued to the redemption date), determined by discounting, on a quarterly basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate (as defined) (determined on the second Business Day preceding the redemption date) plus 50 basis points, over (ii) the aggregate principal amount of such Note being redeemed.

 

Between 10/15/2017 and 10/14/2018    106.188%

Between 10/15/2018 and 10/14/2019    104.125%

Between 10/15/2019 and 10/14/2020    102.063%

Thereafter                                            100%

Interest Payment Will NOT be Qualified Distributions

Maturity Date   10/15/2021

 

Company Investor Relations Page for Cowen Group

Below you can find the offering Prospectus

 

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