HSY » Topics » Floating rate provisions:

This excerpt taken from the HSY 8-K filed Mar 27, 2008.

Floating rate provisions:

Initial annual interest rates will be     % through              [and thereafter will be adjusted [monthly] [on each                     ,                     ,                      and                     ] [to an annual rate of % above the average rate for         -year [month] [securities] [certificates of deposit] issued by                      and                      [insert names of banks], [and the annual interest rate [thereafter] [from                      through                     ] will be the interest yield equivalent of the weekly average per annum market discount rate for         -month Treasury bills plus     % of Interest Differential (the excess, if any, of (i) then current weekly average per annum second market yield for         -month certificates of deposit over (ii) then current interest yield equivalent of the weekly average per annum market discount rate for     -month Treasury bills); [from                      and thereafter the rate will be the then current interest yield equivalent plus     % of Interest Differential].]

This excerpt taken from the HSY 8-K filed Aug 28, 2006.

Floating rate provisions:

Initial annual interest rates will be     % through              [and thereafter will be adjusted [monthly] [on each                     ,                     ,                      and                     ] [to an annual rate of % above the average rate for         -year [month] [securities] [certificates of deposit] issued by                      and                      [insert names of banks], [and the annual interest rate [thereafter] [from                      through                     ] will be the interest yield equivalent of the weekly average per annum market discount rate for         -month Treasury bills plus     % of Interest Differential (the excess, if any, of (i) then current weekly average per annum second market yield for         -month certificates of deposit over (ii) then current interest yield equivalent of the weekly average per annum market discount rate for     -month Treasury bills); [from                      and thereafter the rate will be the then current interest yield equivalent plus     % of Interest Differential].]

This excerpt taken from the HSY 8-K filed Aug 16, 2005.

Floating rate provisions:

 

Initial annual interest rates will be             % through              [and thereafter will be adjusted [monthly] [on each             ,             ,              and             ] [to an annual rate of % above the average rate for             -year [month] [securities] [certificates of deposit] issued by              and              [insert names of banks], [and the annual interest rate [thereafter] [from              through             ] will be the interest yield equivalent of the weekly average per annum market discount rate for             -month Treasury bills plus             % of Interest Differential (the excess, if any, of (i) then current weekly average per annum second market yield for             -month certificates of deposit over (ii) then current interest yield equivalent of the weekly average per annum market discount rate for             -month Treasury bills); [from              and thereafter the rate will be the then current interest yield equivalent plus     % of Interest Differential].]

 

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