| Issuer / Guarantor | Novavax Inc |
|---|---|
| Size | USD 225mn |
| Type | Convertible |
| Leads | J Wood Capital |
| Maturity | 01 Sep 2031 (6 years) |
| Coupon | 4.625% (4.625%) |
| Premium | 27.5% (27.5%) |
| Calls | NC3; PC @ 130% w table MW |
| Puts | t/o @ 100% |
| Div protection | Ratio adjustment (Full) |
| T/o protection | Make-whole table |
| CoCo | 130% to May 2031 (5.8 yrs) |
| Announced | 21 Aug 2025 |