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First Internet Bancorp, 6% Fix-to-Float Subordinated Notes due 9/30/2026

By: ,

Date Issued  9/26/2016

Shares Issued   25,000,000      Overallotment Shares  None

S&P Rating   NR   Moodys Rating   NR

Security Ticker Symbol   INBKL    

Market Traded ON   NASDAQ

Interest Payment Paid on the 30th of March, June, September and December beginning on 12/30/2016

Quarterly Interest   .375    Annual Interest   1.50

Interest rate is fixed at 6% until 9/30/2021.  After this date the interest rate will float at a rate of 3 month libor plus 4.85%

Securities may be redeemed, at the issuers option, as early as 9/30/2021  the call price is $25 plus accrued interest

Interest Payment will NOT be Qualified Distributions

Maturity Date   9/30/2026

 

Company Investor Relations Page for First Internet Bancorp

Click here for the offering Prospectus and/or Final Pricing Document

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