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Mastercard prices notes offerings due 2029, 2049

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Mastercard prices notes offerings due 2029, 2049

Mastercard Inc. on May 28 priced its offerings of 2.950% notes due June 1, 2029, and 3.650% notes due June 1, 2049. Both have an aggregate principal amount of $1 billion.

Both notes will pay interest June 1 and Dec. 1 of each year, with the first interest payment to be made Dec. 1. The notes due 2029 can be redeemed at par on or after March 1, 2029, and the notes due 2049 can be redeemed at par on or after Dec. 1, 2048.

The expected settlement date of the notes is set for May 31.

Citigroup Global Markets Inc., J.P. Morgan Securities LLC, MUFG Securities Americas Inc., Santander Investment Securities Inc., U.S. Bancorp Investments Inc., BofA Securities Inc., Barclays Capital Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, HSBC Securities (USA) Inc. and SG Americas Securities LLC are the book-running managers of the offering.

BB&T Capital Markets, ICBC Standard Bank PLC, Lloyds Securities Inc., Loop Capital Markets LLC, Mizuho Securities USA LLC, Morgan Stanley & Co. LLC, NatWest Markets Securities Inc. and SunTrust Robinson Humphrey Inc. are the senior co-managers. Academy Securities Inc., Blaylock Van LLC, Cabrera Capital Markets LLC, R. Seelaus & Co. LLC and Stern Brothers & Co. are the co-managers.