| Issuer / Guarantor | Oscar Health Inc |
|---|---|
| Size | USD 410mn |
| Type | Convertible |
| Leads | Wells Fargo, Morgan Stanley, BoA, JP Morgan |
| Maturity | 01 Sep 2030 (5 years) |
| Coupon | 2.25% (2.25 - 2.75%) |
| Premium | 32.5% (30 - 35%) |
| 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 2030 (4.7 yrs) |
| Announced | 15 Sep 2025 |