Nordstrom (JWN)

 

The Notes will be our unsecured senior obligations and will rank equal in right of payment to our other unsecured and unsubordinated debt from time to time outstanding, but junior to any secured debt to the extent of the value of the assets constituting the security. The Notes will be effectively subordinated to all liabilities, including trade payables, of our subsidiaries to the extent of the value of the assets of such subsidiaries. Since we conduct many of our operations through our subsidiaries, our right to participate in any distribution of the assets of a subsidiary when it winds up its business is subject to the prior claims of the creditors of the subsidiary. This means that your right as a holder of our Notes will also be subject to the prior claims of these creditors if a subsidiary liquidates or reorganizes or otherwise winds up its business. Unless we are considered a creditor of the subsidiary, your claims will be recognized behind these creditors. See “Risk Factors — The Notes are effectively subordinated to the existing and future liabilities of our subsidiaries.” As of May 2, 2009, we had approximately $2,237,000,000 of consolidated debt outstanding, of which approximately $850,000,000 consisted of secured debt of our subsidiaries and approximately $78,000,000 was our secured debt.

 

The indenture does not limit the amount of notes, debentures or other evidences of indebtedness that we may issue under the indenture and provides that notes, debentures or other evidences of indebtedness may be issued from time to time in one or more series. We may from time to time, without giving notice to or seeking the consent of the holders of the Notes, issue additional notes having the same terms (except for the issue date, the public offering price and, under certain circumstances, the first interest payment date) and ranking equally and ratably with the Notes offered hereby. Such additional notes, together with the Notes offered hereby, will constitute a single series of securities under the indenture.

 

The Notes will be issued only in fully registered form without coupons and in minimum denominations of $2,000 or any whole multiple of $1,000 above that amount.

 

Principal and interest will be payable, and the Notes will be transferable or exchangeable, at the office or offices or agency maintained by us for these purposes. Payment of interest on the Notes may be made at our option by check mailed to the registered holders.

 

No service charge will be made for any transfer or exchange of the Notes, but we may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection with a transfer or exchange.

 

The Notes will be represented by one or more global securities registered in the name of a nominee of DTC. Except as described under “— Book-Entry Delivery and Settlement,” the Notes will not be issuable in certificated form.

 

 

The Notes will be our unsecured senior obligations and will rank
equal in right of payment to our other unsecured and
unsubordinated debt from time to time outstanding, but junior to
any secured debt to the extent of the value of the assets
constituting the security. The Notes will be effectively
subordinated to all liabilities, including trade payables, of
our subsidiaries to the extent of the value of the assets of
such subsidiaries. Since we conduct many of our operations
through our subsidiaries, our right to participate in any
distribution of the assets of a subsidiary when it winds up its
business is subject to the prior claims of the creditors of the
subsidiary. This means that your right as a holder of our Notes
will also be subject to the prior claims of these creditors if a
subsidiary liquidates or reorganizes or otherwise winds up its
business. Unless we are considered a creditor of the subsidiary,
your claims will be recognized behind these creditors. See
“Risk Factors — The Notes are effectively
subordinated to the existing and future liabilities of our
subsidiaries.” As of May 2, 2009, we had approximately
$2,237,000,000 of consolidated debt outstanding, of which
approximately $850,000,000 consisted of secured debt of our
subsidiaries and approximately $78,000,000 was our secured debt.

 

The indenture does not limit the amount of notes, debentures or
other evidences of indebtedness that we may issue under the
indenture and provides that notes, debentures or other evidences
of indebtedness may be issued from time to time in one or more
series. We may from time to time, without giving notice to or
seeking the consent of the holders of the Notes, issue
additional notes having the same terms (except for the issue
date, the public offering price and, under certain
circumstances, the first interest payment date) and ranking
equally and ratably with the Notes offered hereby. Such
additional notes, together with the Notes offered hereby, will
constitute a single series of securities under the indenture.

 

The Notes will be issued only in fully registered form without
coupons and in minimum denominations of $2,000 or any whole
multiple of $1,000 above that amount.

 

Principal and interest will be payable, and the Notes will be
transferable or exchangeable, at the office or offices or agency
maintained by us for these purposes. Payment of interest on the
Notes may be made at our option by check mailed to the
registered holders.

 

No service charge will be made for any transfer or exchange of
the Notes, but we may require payment of a sum sufficient to
cover any tax or other governmental charge payable in connection
with a transfer or exchange.

 

The Notes will be represented by one or more global securities
registered in the name of a nominee of DTC. Except as described
under “— Book-Entry Delivery and
Settlement,” the Notes will not be issuable in certificated
form.

 

 

The Notes will be our unsecured senior obligations and will rank equal in right of payment to our other unsecured and unsubordinated debt from time to time outstanding, but junior to any secured debt to the extent of the value of the assets constituting the security. The Notes will be effectively subordinated to all liabilities, including trade payables, of our subsidiaries to the extent of the value of the assets of such subsidiaries. Since we conduct many of our operations through our subsidiaries, our right to participate in any distribution of the assets of a subsidiary when it winds up its business is subject to the prior claims of the creditors of the subsidiary. This means that your right as a holder of our Notes will also be subject to the prior claims of these creditors if a subsidiary liquidates or reorganizes or otherwise winds up its business. Unless we are considered a creditor of the subsidiary, your claims will be recognized behind these creditors. See “Risk Factors — The Notes are effectively subordinated to the existing and future liabilities of our subsidiaries.” As of May 2, 2009, we had approximately $2,237,000,000 of consolidated debt outstanding, of which approximately $850,000,000 consisted of debt of our subsidiaries and approximately $78,000,000 was our secured debt.

 

The indenture does not limit the amount of notes, debentures or other evidences of indebtedness that we may issue under the indenture and provides that notes, debentures or other evidences of indebtedness may be issued from time to time in one or more series. We may from time to time, without giving notice to or seeking the consent of the holders of the Notes, issue additional notes having the same terms (except for the issue date, the public offering price and, under certain circumstances, the first interest payment date) and ranking equally and ratably with the Notes offered hereby. Such additional notes, together with the Notes offered hereby, will constitute a single series of securities under the indenture.

 

The Notes will be issued only in fully registered form without coupons and in minimum denominations of $2,000 or any whole multiple of $1,000 above that amount.

 

Principal and interest will be payable, and the Notes will be transferable or exchangeable, at the office or offices or agency maintained by us for these purposes. Payment of interest on the Notes may be made at our option by check mailed to the registered holders.

 

No service charge will be made for any transfer or exchange of the Notes, but we may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection with a transfer or exchange.

 

The Notes will be represented by one or more global securities registered in the name of a nominee of DTC. Except as described under “— Book-Entry Delivery and Settlement,” the Notes will not be issuable in certificated form.

 

 

The Notes will be our unsecured senior obligations and will rank
equal in right of payment to our other unsecured and
unsubordinated debt from time to time outstanding, but junior to
any secured debt to the extent of the value of the assets
constituting the security. The Notes will be effectively
subordinated to all liabilities, including trade payables, of
our subsidiaries to the extent of the value of the assets of
such subsidiaries. Since we conduct many of our operations
through our subsidiaries, our right to participate in any
distribution of the assets of a subsidiary when it winds up its
business is subject to the prior claims of the creditors of the
subsidiary. This means that your right as a holder of our Notes
will also be subject to the prior claims of these creditors if a
subsidiary liquidates or reorganizes or otherwise winds up its
business. Unless we are considered a creditor of the subsidiary,
your claims will be recognized behind these creditors. See
“Risk Factors — The Notes are effectively
subordinated to the existing and future liabilities of our
subsidiaries.” As of May 2, 2009, we had approximately
$2,237,000,000 of consolidated debt outstanding, of which
approximately $850,000,000 consisted of debt of our subsidiaries
and approximately $78,000,000 was our secured debt.

 

The indenture does not limit the amount of notes, debentures or
other evidences of indebtedness that we may issue under the
indenture and provides that notes, debentures or other evidences
of indebtedness may be issued from time to time in one or more
series. We may from time to time, without giving notice to or
seeking the consent of the holders of the Notes, issue
additional notes having the same terms (except for the issue
date, the public offering price and, under certain
circumstances, the first interest payment date) and ranking
equally and ratably with the Notes offered hereby. Such
additional notes, together with the Notes offered hereby, will
constitute a single series of securities under the indenture.

 

The Notes will be issued only in fully registered form without
coupons and in minimum denominations of $2,000 or any whole
multiple of $1,000 above that amount.

 

Principal and interest will be payable, and the Notes will be
transferable or exchangeable, at the office or offices or agency
maintained by us for these purposes. Payment of interest on the
Notes may be made at our option by check mailed to the
registered holders.

 

No service charge will be made for any transfer or exchange of
the Notes, but we may require payment of a sum sufficient to
cover any tax or other governmental charge payable in connection
with a transfer or exchange.

 

The Notes will be represented by one or more global securities
registered in the name of a nominee of DTC. Except as described
under “— Book-Entry Delivery and
Settlement,” the Notes will not be issuable in certificated
form.