United Technologies Corp | 7.50% Corporate Units (UTX.PRA)
Prospectus excerpt: This is an offering of Equity Units by United Technologies Corporation. The Equity Units will each have a stated amount of $50 and will initially be in the form of a Corporate Unit consisting of a purchase contract issued by United Technologies Corporation and, initially, a 1/20, or 5%, undivided beneficial ownership interest in $1,000 principal amount of United Technologies Corporation?s 1.55% junior subordinated notes due 2022, which we refer to as the notes.
United Technologies provides technology products and services to the building systems and aerospace industries. Co. has four segments: Otis, which designs, manufactures, sells and installs passenger and freight elevators; Carrier, which provides heating, ventilating, air conditioning refrigeration, fire and security solutions; Pratt & Whitney, which supplies aircraft engines for the commercial, military, business jet and general aviation market; and Collins Aerospace Systems, which provides aerospace products and aftermarket service solutions for aircraft manufacturers, airlines, regional, business and general aviation markets, military and space operations.