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United Technologies Corp. | Corporate Units (UTX.PRA)

Prospectus excerpt:  This is an offering of Equity Units by United Technologies Corporation. The Equity Units will each have a stated amount of $50 and will initially be in the form of a Corporate Unit consisting of a purchase contract issued by United Technologies Corporation and, initially, a 1/20, or 5%, undivided beneficial ownership interest in $1,000 principal amount of United Technologies Corporationís 1.55% junior subordinated notes due 2022, which we refer to as the notes.

Full Prospectus PDF », UTX Page »

Alternate symbology:UTX-A, UTX-PA, UTXprA
Redeemable?:Yes
Call Date:8/1/2017
Maturity Date:8/1/2022
Cumulative?:Yes
Conversion Ratio:0.5075-0.6725
Conversion Price:$74.35-$98.51
Shares Offered:20,000,000
Overallotment:2,000,000
Liquidation Preference:$50
Recent Market Price:$60.72
Premium to Liquidation Preference:
(More Preferreds Trading at a Premium »)
$10.72 (21.44%)
Annualized Dividend:0.002015
Recent Ex-Date:5/22/2015
Current Yield:0.00%
Original Coupon:7.500%
Pay Period:Quarterly
Pay Dates:1-Feb, 1-May, 1-Aug, 1-Nov
United Technologies provides technology products and services to the building systems and aerospace industries. Co. operates in five segments: Otis, UTC Climate, Controls & Security, Pratt & Whitney, UTC Aerospace Systems, and Sikorsky. Co.'s principal products and services include elevators, escalators, heating, ventilating, air conditioning and refrigeration systems, aircraft engines for the commercial, military, business jet and general aviation markets, aerospace products and aftermarket service solutions for aircraft manufacturers, airlines, regional, business and general aviation markets, military, space and undersea operations, and military and commercial helicopters.

Preferred: UTX.PRA


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Name:  United Technologies Corp.
Website:  www.utc.com
Sector:  Aerospace & Defense
Number of ETFs Holding UTX:  83 (see which ones)
Total Market Value Held by ETFs:  $3,796,567,275
Total Market Capitalization:  $105,596,000,000
% of Market Cap. Held by ETFs:  3.60%

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