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

Prospectus exerpt:  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 »

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:$57.62
Premium to Liquidation Preference:
(More Preferreds Trading at a Premium »)
$7.62 (15.24%)
Annualized Dividend:3.75
Recent Ex-Date:4/11/2014
Current Yield:6.51%
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 worldwide. Co.'s operations are classified into five principal 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, commercial, military, business jet and general aviation aircraft engines, aerospace products and aftermarket services, military and commercial helicopters, helicopter and aircraft aftermarket parts and services.

Preferred: UTX.PRA


Open the UTX Information Page »
Name:  United Technologies Corp.
Website:  www.utc.com
Sector:  Aerospace & Defense
Number of ETFs Holding UTX:  92 (see which ones)
Total Market Value Held by ETFs:  $4,214,243,247
Total Market Capitalization:  $92,560,000,000
% of Market Cap. Held by ETFs:  4.55%

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