PepsiCo sub PMBC to redeem all 7% notes due 2029 and 5.50% notes due 2035 on Dec 12

PEPSICO INC

PMBC, a wholly owned PepsiCo subsidiary, will redeem all outstanding 7% Senior Notes due 2029 (CUSIP 713409 AC4) and 5.50% Notes due 2035 (CUSIP 71343P AC5) on December 12, 2022.
Redemption price is the greater of 100% of principal or make-whole based on Treasury rate plus 25 bps (2029) or 20 bps (2035), plus accrued interest.
After redemption, no Notes will remain outstanding.
Interest ceases to accrue on the Redemption Date; holders must surrender notes to the applicable Paying Agent.

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