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<<..Met Life 6.4 of 12/2036 …no …CUSIP mentioned.>>

It is good old 59156RAP3. For those of you like to read the fine print, this is one for y’all.

• Junior subordinated debt security, total tranche $1,250Mln face, carrying at $1,247Mln
• Scheduled redemption date 12/2036
• Final maturity 12/2066
• Interest paid changes to LIBOR + 2.205% after 12/2036
• MetLife may redeem at any time after 12/2031 or in certain events prior to 12/2031 at their principal amount
• MetLife may defer interest payments for a period up to ten years. Interest compounds during such periods of deferral.
• If interest is deferred for more than five consecutive years, the Holding Company is required to use proceeds from the sale of its common stock or warrants on common stock to satisfy interest payment obligation.
• MetLife agreed that it will not repay, redeem, or purchase the securities on or before a date ten years prior to the final maturity date of each issuance, unless, subject to certain limitations, it has received proceeds during a specified period from the sale of specified replacement securities. This sale is not intended to benefit holders or be enforceable by them.
• et. al.

WSJ is right, last transaction today was at 95.39 for $1Mln face w/YTM 6.718. Mr. Bond Market must have some understandable concern over all the code or something in the 242 page 10-K.
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