First Internet Bancorp 6.0% Fixed-to-Floating Rate Subordinated Notes due 2029

By: ,

Date Issued 6/5/2019

Shares Issued  1,400,000     Overallotment Shares  None

S&P Rating   NR   Moodys Rating   NR

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Security Ticker Symbol   INBKZ    

Market Traded ON   NASDAQ

Interest Payment Paid on the 30th of March, June, September and December beginning on 9/30/2019

Quarterly Interest   .375    Annual Interest   1.50

Interest rate is fixed at 6% until 6/30/2024.  After this date the interest rate will float at a rate of 3 month libor plus 4.114%

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Securities may be redeemed, at the issuers option, as early as 6/30/2024  the call price is $25 plus accrued interest

Interest Payment will NOT be Qualified Distributions

Maturity Date   6/30/2029

 

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