Filed Under Rule 424(b)(3),
Registration Statement No. 333-46434
Pricing Supplement No. 14 dated November 12, 2002
To Prospectus Dated November 1, 2000 and Prospectus Supplement Dated May 30, 2002
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Principal Amount |
Price to Public |
Gross Concession |
Net Proceeds |
Interest Rate |
Maturity Date |
Survivor's Option |
Ranking |
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| 69334WCE9 | $1,800,000.00 | 100.000% | .625% | $1,788,750.00 | 5.100% | SEMI- ANNUAL |
11/15/2005 | 05/15/2003 | $25.50 | YES | Senior Unsecured Notes | |||||||||||
Redemption Information: Non-Callable.
Joint Lead Managers and Lead Agents: Banc of America Securities LLC, INCAPITAL, LLC Agents: Charles Schwab & Co. Inc., Merrill Lynch & Co., Prudential Securities, Salomon Smith Barney, UBS PaineWebber, Wachovia Securities, Wachovia Securities, Inc
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| CUSIP Number |
Principal Amount |
Price to Public |
Gross Concession |
Net Proceeds |
Interest Rate |
Maturity Date |
Survivor's Option |
Ranking |
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| 69334WCF6 | $700,000.00 | 100.000% | 1.000% | $693,000.00 | 5.900% | SEMI- ANNUAL |
11/15/2007 | 05/15/2003 | $29.50 | YES | Senior Unsecured Notes |
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Redemption Information: Non-Callable.
Joint Lead Managers and Lead Agents: Banc of America Securities LLC, INCAPITAL, LLC Agents: Charles Schwab & Co. Inc., Merrill Lynch & Co., Prudential Securities, Salomon Smith Barney, UBS PaineWebber, Wachovia Securities, Wachovia Securities, Inc
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| CUSIP Number |
Principal Amount |
Price to Public |
Gross Concession |
Net Proceeds |
Interest Rate |
Maturity Date |
Survivor's Option |
Ranking |
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| 69334WCG4 | $986,000.00 | 100.000% | 1.200% | $974,168.00 | 6.800% | SEMI- ANNUAL |
11/15/2009 | 05/15/2003 | $34.00 | YES | Senior Unsecured Notes | |||||||||||
Redemption Information: Callable at 100.000% on 11/15/2004 and every interest payment date thereafter.
Joint Lead Managers and Lead Agents: Banc of America Securities LLC, INCAPITAL, LLC Agents: Charles Schwab & Co. Inc., Merrill Lynch & Co., Prudential Securities, Salomon Smith Barney, UBS PaineWebber, Wachovia Securities, Wachovia Securities, Inc
The PHH Corporation InterNotes will be subject to redemption at the option of PHH Corporation, in whole on the Interest Payment Date occurring any time on or after 11/15/2004 at a redemption price equal to 100% of the principal amount of the PHH Corporation InterNotes, plus accrued interest thereon, if any, upon at least 30 days prior notice to the Noteholders and the Trustee, as described in the Prospectus.
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Interest Payment Frequency |
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1st Interest Payment Date |
1st Interest Payment Amount |
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| CUSIP Number |
Principal Amount |
Price to Public |
Gross Concession |
Net Proceeds |
Interest Rate |
Maturity Date |
Survivor's Option |
Ranking |
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| 69334WCH2 | $4,509,000.00 | 100.000% | 2.000% | $4,418,820.00 | 8.000% | SEMI- ANNUAL |
11/15/2017 | 05/15/2003 | $40.00 | YES | Senior Unsecured Notes |
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Redemption Information: Callable at 100.000% on 11/15/2005 and every interest payment date thereafter.
Joint Lead Managers and Lead Agents: Banc of America Securities LLC, INCAPITAL, LLC Agents: Charles Schwab & Co. Inc., Merrill Lynch & Co., Prudential Securities, Salomon Smith Barney, UBS PaineWebber, Wachovia Securities, Wachovia Securities, Inc
The PHH Corporation InterNotes will be subject to redemption at the option of PHH Corporation, in whole on the Interest Payment Date occurring any time on or after 11/15/2005 at a redemption price equal to 100% of the principal amount of the PHH Corporation InterNotes, plus accrued interest thereon, if any, upon at least 30 days prior notice to the Noteholders and the Trustee, as described in the Prospectus.
PHH Corporation 1 Campus Drive Parsippany, NJ 07054-0642 |
Trade Date: Tuesday, November 12, 2002 @12:00 PM ET Settle Date: Friday, November 15, 2002 Minimum Denomination/Increments: $1,000/$1,000 Initial trades settle flat and clear SDFS: DTC Book Entry only DTC number: 0262 via BNY Clearing Services, LLC |
PHH Corporation $500,000,000.00 InterNotes |
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If the maturity date or an interest payment date for any note is not a Business Day (as such term is defined in the Prospectus), principal, premium, if any, and interest for that note is paid on the next Business Day, and no interest will accrue from, and after, the maturity date or interest payment date. |
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InterNotes® is the trade mark of INCAPITAL, LLC. All rights reserved |
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