Unisys Corporation, returning 7.90% p.a.
The information below is a summary of this investment opportunity. Investors must obtain and read the ‘Product Disclosure Document’ for this security dated 11/05/2026 (PDS), along with the ‘C2 Accumulator – Deferred Purchase Agreement – Master PDS’ dated 21 October 2022 (Master PDS), before investing in this opportunity.
Overview
The Unisys Credit-Linked Note provides investors with exposure to the credit of Unisys
Corporation, a global IT services provider with a broad base of recurring contracts across government and enterprise clients worldwide.
Unisys operates a managed services model, generating stable and predictable revenue through multi-year engagements spanning both public and private sectors. The company generates approximately ~$2B in annual revenue, with the government sector representing a significant and stable portion of its business.
The majority of this revenue is derived from U.S. federal agencies and international
governments, supported by long-term contracts in areas such as border security, digital
government services, and IT outsourcing. Hundreds of active contracts globally reduce client concentration risk.
The security provides Investors with the opportunity to make an AUD investment yet gain
exposure to returns based on the credit risk of Unisys Corporation (an opportunity usually available only to investors wishing to make a market-sized investment (USD 500,000) denominated in USD).
By investing in this security, investors will receive regular income in the form of coupons and 100% of the face value of their investment on maturity – all in AUD. All currency exposure has been hedged by the Issuer.
Note Disclosure Documents
- C2 Accumulator – Deferred Purchase Agreement – Master PDS (October 2022);
- Term Sheet PDS – C2 Market Linked Products – Series 2026
Marketing Documentation
Key Terms
| Issuer | C2 Specialist Investment Pty Ltd (ACN 622 433 032) |
|---|---|
| Custodian | C2 Nominees Pty Ltd (ACN 624 366 981) |
| Arranger | C2 Financial Services Pty Ltd (ACN 621 428 635 AFSL 502171) |
| Coupon | Fixed rate – Target 7.90% p.a., paid semi-annually (The Coupon Rate will be determined and set in the range 7.50%- 8.00% p.a.) |
| Maturity Date | 20 June 2031 |
| Issue Price | $100 |
| Minimum Investment | $10,000 |
| ABE Code | TBA |
Risks
This is an overview of the main risks associated with this investment. Further (and more complete) details of the main risks associated with this security are set out in the PDS.
- Capital invested in the Units is at risk: There is no capital protection or
guarantee of financial return in respect of your investment in the Units. - Credit exposure to Reference Entity: The Units will reference the credit of the Reference Entity, therefore the Units include a risk of capital loss in part or in
whole, as the result of Credit Event(s) occurring with respect to the Reference
Entity. - Credit Rating: Investors should be aware that credit ratings do not constitute a
guarantee of the quality of the Units or the Reference Entity. - Secondary Offer Period: Investors who purchase Units in the Secondary Offer
Period at an Issue Price greater than the Face Value of $100.00 will receive a
lower overall return, as the Final Value and Coupons are calculated with respect
to the Face Value of $100.00 per Unit. - Performance of the Reference Entity: Historical performance of the
Reference Entity should not be taken as an indication of the future performance
of the Reference Entity during the Investment Term. - Value of the Units before the Maturity Date: The Final Value of the Units is
calculated by reference to the Reference Entity and its overall credit worthiness
between the First Credit Event Occurrence Date to the Scheduled Last Credit
Event Occurrence Date. The market value of the Units before the Maturity Date
will be determined by many factors and may be less that what you paid for the
Units. - Liquidity risk:You may not be able to realise your investment when you want
to. The Issuer Buy-Back facility is at the discretion of the Issuer. Issuer Buy-Back
requests are determined in the Issuer's discretion. - Early Maturity: The Units may mature early following an Early Maturity Event,
including as a result of an Adjustment Event or Market Disruption Event or if a
Credit Event or a Compulsory Early Redemption occurs or if your request for an
Issuer Buy-Back is accepted. - Indirect Investment Risk: Compared to a direct investment (including bonds)
in the Reference Entity, the investor will not be entitled to receive dividend or
other payments (if any) nor have any voting rights for corporate actions to do with the Reference Entity, including if a Credit Event occurs. - Counterparty Risk: Investors are subject to counterparty credit risk with
respect to the Issuer and the Hedge Counterparty.
For a full explanation of Key Risks please refer to the Term Sheet PDS. Investors should also refer to Section 2 “Risks” of the Master PDS.
An investment in the Units is not equivalent to an investment in the bonds of the Reference Entity
Disclaimer: This webpage has been prepared by Australian Bond Exchange Pty Ltd ACN 605 038 935 AFSL 484453 (ABE). The information contained in it is of a general nature only. It was prepared without considering your financial needs, circumstances and objectives. Before investing in this security, you should consider whether it is appropriate for your circumstances and review the Master PDS and PDS. This website may contain links to other third-party websites, some of which require a subscription to read. Such links are for your convenience only, and ABE does not recommend or endorse these third-party sites. No representation or warranty is made as to the accuracy, completeness or reliability of any estimates, opinions, conclusions, or other information contained in this website. This website may contain certain forward-looking statements. Forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, and other factors, many of which are beyond our control. Past performance is not an indication of future performance. To the maximum extent permitted by law ABE disclaims all liability and responsibility for any direct or indirect loss or damage that you may suffer as a result of relying on anything on this webpage.