SHORT TERM NOTES REDEMPTION AND SALES PRICES 1 $50,000,000 BETHLEHEM STEEL CORPORATION Secured Serial 7% Gold Notes Dated July 15, 1918. Due Series A, B, C and D, $7,500,000 each July 15, 1919-1922, inclusive, Series E, $20,000,000, July 15, 1923. TO BE AUTHORIZED AND ISSUED $50,000,000 Coupon notes in denomination of $1,000; registrable as to principal only. Interest payable January 15 and July 15, without deduction for any tax or Governmental charge except any Federal Income Tax in excess of 2 per cent. per annum. Redeemable at the option of the Corporation at any time upon 30 days' notice, as a whole or in series, (in which event all the notes of one or more of the series first maturing must be called for redemption) at 102 for Notes with 4 years or more to run. 10111⁄2 for Notes with 3 years or more but less than 4 years to run. 101 for Notes with 2 years or more but less than 3 years to run. 10012 for Notes with 1 year or more but less than 2 years to run. 100 for Notes with less than 1 year to run. Notes to be convertible at the option of the holder at par into new Bethlehem Steel Corporation Consolidated Mortgage 30-Year Sinking Fund 6% Gold Bonds, Series A, due August 1, 1948, when pledged under the indenture, at a price for said bonds equivalent to a 62% income basis at the time of such conversion. We offer these Notes, when, as and if issued and received by us, and subject to approval of counsel. 1-Year Notes due July 15, 1919, Price 991⁄2 and interest to yield about 72% 2-Year July 15, 1920, "July 15, 1921, " July 15, 1923, 1 From advertisement in New York Times, July 16, 1918. 987%" 758% 758% 74% 734% Due 1st of April, 1924. Interest payable 1st Issue, $1,000,000 6 per cent 15-year bonds. Denominations $1,000, $500, and $100. April and October. Issue to be purchased or drawn each year at par and kept alive by trustee. Annual interest, $60,000. Sinking Fund Year Amount of Sinking Fund Interest Accrued on Bonds Held in Total Amount to Invest Each Year Bonds Purchased for Sinking Fund Cash Balance in Sinking Fund Column A is the amount of $1 at compound interest. Column C is the amount of annuity of $1 at end of each period. Column E is the sinking fund or annuity which, invested at the Column B is the present worth of $1 at compound interest. Column D is the present worth of annuity of $1 at end of each period. end of each. period. will amount to $1. SERIAL BONDS. Table showing maturities of a $1,682,500 bond issue dated February 4, 1918, arranged so that payment of interest and repayment of principal will aggregate approximately the same amount each year after the fifth year. Denominations are $1000 and $500.1 *Plus accrued interest yielding about 6%. 1 From advertisement of Mississippi County, Arkansas Drainage District No. 17 5% Bonds in New York Times, May 21, 1918. |