| Issuer / Guarantor | Coinbase Global Inc |
|---|---|
| Size | USD 1500mn |
| Type | Convertible |
| Leads | JP Morgan, Citigroup, Allen & Co, BoA, Goldman Sachs, HSBC, Jefferies, Morgan Stanley, PNC Capital, Standard Chartered |
| Maturity | 01 Oct 2032 (7.1 years) |
| Coupon | 0% (0%) |
| Premium | 32.5% (30 - 35%) |
| Calls | NC4; PC @ 130% w table MW |
| Puts | t/o @ 100% |
| Div protection | Ratio adjustment (Full) |
| T/o protection | Make-whole table |
| CoCo | 130% to Jun 2032 (6.9 yrs) |
| Announced | 05 Aug 2025 |