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I'm still holding 4 or 5 issues that I picked up in the "good old days".

One is Union Pacific 7.15% due 5/2028, Cusip 907834AG0, SP rating BBB, present price that shows up in my account is 122.205.

So anyways, I got this gobbledy-gook message in my account:

Union Pacific 7.150 % 05/28
Cusip: 907834ag0
Early cutoff 08/26/19 late 09/10/19
If wish to participate contact E*TRADE @ 1-800-387-2331
In Exchange For Each $1,000 P.A Of Old Notes
Holders Will Receive The Total Exchange Consideration
Which Consists Of $1,000 P.A.Of Oxy Notes And A Cash
Amount Of $1.00. The Total Consideration Includes The Early
Participation Premium, Which Consists Of $30 P.A Of
Oxy Notes. Holders Who Tender For The Late Will Not Receive The
$30.00 P/A Notes But Will Receive The $1.00 Cash Amount.
Notes May Be Tendered In Minimum Denominations Of $2,000
Multiples Of $1,000 In Excess Thereof

I'll call etrade tomorrow and ask them to explain it to me like I'm a 5th grader. I have figured out that "Oxy" is Occidental Petroleum. I'm not sure what "P.A." is yet.
I did a quick google search for "union pacific bonds tender offer" and found this link:

And from that article, I found this wording..."(collectively, the “Old Notes”) issued by Anadarko Petroleum Corporation (“Anadarko”), Anadarko Holding Company, as successor in interest to Union Pacific Resources Group Inc.

All this is above my understanding. I'm trusting Etrade can help explain it, and I'll try FINRA also. Just wondering if anyone else is dealing with this.
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