Method of registering multiple financial products with a single prospectus
View Patent ↗A method of registering a note with a governmental authority including filing a prospectus supplement including detailed descriptions of a plurality of asset classes and a plurality of transaction structures and incorporating by reference a base prospectus, wherein the base prospectus includes an identification of one or more types of securities available from an issuer of the note and characteristics of the issuer.
1. A method comprising:
electronically filing by one or more computer systems with the U.S. Securities and Exchange Commission, a first electronic document in a form of a base prospectus, the first electronic document comprising data identifying one or more types of securities available from an issuer of a note and characteristics of the issuer;
selecting data regarding detailed descriptions of at least two different asset classes and data regarding a plurality of transaction structures;
generating by one or more computer systems a second electronic document in a form of a supplemental prospectus, the second electronic document comprising the selected data regarding detailed descriptions of at least two different asset classes, and further comprising the data regarding a plurality of transaction structures and data incorporating by reference the first electronic document; and
electronically filing by one or more computer systems the second electronic document with the U.S. Securities and Exchange Commission.
2. The method of claim 1 , further comprising electronically filing by one or more computer systems a third electronic document with the U.S. Securities and Exchange Commission in a form of a pricing supplement comprising data regarding material economic business terms for the note and data incorporating by reference the second electronic document.
3. The method of claim 2 , wherein the material economic business terms include one or more of the following: asset class, trade date, issue date, valuation date, maturity date, upside payoff structure, downside payoff structure, upside leverage factor, downside leverage factor, underlying reference asset relating to a coupon, underlying reference asset relating to principal, formula for determining payment at maturity, maximum maturity payment, initial reference asset level or final reference asset level.
4. The method of claim 2 , further comprising the step of offering the note.
5. The method of claim 1 , wherein the first electronic document further comprises data regarding a list of all entities issuing the one or more securities and data regarding all entities guaranteeing the one or more securities.
6. The method of claim 1 , further comprising electronically filing by one or more computer systems a third electronic document with the U.S. Securities and Exchange Commission in a form of a free writing prospectus which incorporates by reference the second electronic document.
7. The method of claim 1 , wherein the note is a senior note.
8. The method of claim 1 , wherein the note is a subordinated note.
9. The method of claim 1 , wherein the one or more types of securities comprise one or more of the following: capital securities, certificates, common stock, depositary shares, guarantees, notes, preferred stock, purchase contracts, rights, trust certificates, units or warrants.
10. The method of claim 1 , wherein the characteristics of the issuer include one or more of the following: name, address, state of incorporation, note rating or business description.
11. The method of claim 1 , wherein the plurality of structures comprise one or more of the following: principal protected structure, barrier structure, buffer structure, call and put features linked to milestones, upside and downside leverage or caps.
12. A method comprising:
selecting securities type identifying at least one of one or more types of securities available from an issuer of a note;
generating by one or more computer systems a first electronic document in a form of a prospectus, the first electronic document comprising data regarding the selected securities type data and detailed descriptions of at least two different asset classes, and further comprising data regarding a plurality of transaction structures, an identification of one or more types of securities available by an issuer of the note, and characteristics of the issuer, wherein the prospectus is a prospectus supplement, and the identification and the characteristics are incorporated by reference from a base prospectus; and
electronically filing by one or more computer systems the first electronic document with the U.S. Securities and Exchange Commission.
13. The method of claim 12 , further comprising electronically filing by one or more computer systems a second electronic document with the U.S. Securities and Exchange Commission in a form of a pricing supplement comprising data regarding material economic business terms for the note and data regarding incorporating by reference the prospectus supplement including a description of one or more reference assets.
14. The method of claim 13 , wherein the material economic business terms include one or more of the following: asset class, trade date, issue date, valuation date, maturity date, upside payoff structure, downside payoff structure, upside leverage factor, downside leverage factor, underlying reference asset relating to a coupon, underlying reference asset relating to principal, formula for determining payment at maturity, maximum maturity payment, initial reference asset level or final reference asset level.
15. The method of claim 12 , wherein the base prospectus further comprises a list of all entities issuing the one or more securities and all entities guaranteeing the one or more securities.
16. The method of claim 12 , further comprising the step of offering the note.
17. The method of claim 12 , further comprising filing by one or more computer systems a second electronic document with the U.S. Securities and Exchange Commission in a form of a free writing prospectus which incorporates by reference the prospectus supplement.
18. The method of claim 12 , wherein the note is a senior note.
19. The method of claim 12 , wherein the note is a subordinated note.
20. The method of claim 12 , wherein the one or more types of securities comprise one or more of the following: capital securities, certificates, common stock, depositary shares, guarantees, notes, preferred stock, purchase contracts, rights, trust certificates, units or warrants.
21. The method of claim 12 , wherein the characteristics of the issuer include one or more of the following: name, address, state of incorporation, note rating or business description.
22. The method of claim 12 , wherein the plurality of transaction structures comprise one or more of the following: principal protected structure, barrier structure, buffer structure, call and put features linked to milestones, leverage or caps.