| Issuer / Guarantor | ON Semiconductor Corporation |
|---|---|
| Size | USD 1300mn |
| Type | Convertible |
| Leads | BoA, Citigroup, Morgan Stanley, JP Morgan, Barclays, HSBC |
| Maturity | 01 May 2031 (5 years) |
| Coupon | 0% (0 - 0.5%) |
| Premium | 52.5% (45 - 50%) |
| Calls | NC3; PC @ 130% w table MW |
| Puts | t/o @ 100% |
| Div protection | Ratio adjustment (Full) |
| T/o protection | Make-whole table |
| CoCo | None |
| Announced | 06 May 2026 |