NuStar Energy L.P. 8.50% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units

Date Issued   11/18/2016

Units Sold  8,000,000            Overallotment Units   1,200,000

S&P Rating   NR   Moodys Rating   NR

Security Ticker Symbol   NS-A              OTC Grey Market   NTSRF

Market Traded ON    NYSE

Dividend Payment Paid on the 15th of March, June, September and December beginning on 03/15/2017

Quarterly Dividend   .531   Annual Dividend   2.125

After 12/15/2021 the coupon will float at 3 month Libor plus 6.766%

Securities may be redeemed, at the issuers option, as early as 12/15/2021 for a redemption price of $25/share plus accrued dividends

Dividend Payment will not be a Qualified Distribution

Maturity Date   None

 

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