Contract
EXHIBIT
4.2
This
Security is a Registered Security in permanent global form within the meaning
of
the Indenture hereinafter referred to and is registered in the name of the
Depositary or a nominee of the Depositary. This Security is exchangeable for
Securities registered in the name of a person other than the Depositary or
its
nominee only in the limited circumstances described in the Indenture. Unless
and
until it is exchanged in whole or in part for Securities in definitive
registered form, this Security may not be transferred except as a whole by
the
Depositary to the nominee of the Depositary or by a nominee of the Depositary
to
the Depositary or another nominee of the Depositary or by the Depositary or
any
such nominee to a successor Depositary or a nominee of such successor
Depositary.
Unless
this Security is presented by an authorized representative of The Depository
Trust Company (55 Xxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx) to the issuer or its agent
for registration of transfer, exchange or payment, and any Security issued
is
registered in the name of Cede & Co. or such other name as requested by an
authorized representative of The Depository Trust Company and any payment hereon
is made to Cede & Co., ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE BY A PERSON IS WRONGFUL since the registered owner hereof, Cede &
Co., has an interest herein.
No. 1 | CUSIP No.: |
000000XX0
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ISIN No.: |
US101137AE71
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$350,000,000
6.25%
NOTE DUE 2035
BOSTON
SCIENTIFIC CORPORATION promises to pay
to
Cede
& Co. or registered assigns the principal sum of
THREE
HUNDRED FIFTY MILLION DOLLARS ($350,000,000) on
November
15, 2035.
Interest
Payment Dates: May 15 and November 15 of each year, commencing May 15,
2006.
Regular
Record Dates: May 1 and November 1.
Reference
is hereby made to the further provisions of this Security set forth on the
reverse hereof, which further provisions shall for all purposes have the same
effect as if set forth at this place.
[SIGNATURE
PAGE FOLLOWS]
IN
WITNESS WHEREOF, the Company has caused this instrument to be duly
executed.
Dated:
November ___, 0000
XXXXXX XXXXXXXXXX CORPORATION | ||
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By: | /s/ | |
Name: Xxxxx Xxxxx |
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Title: Vice President, Treasurer and Investor Relations |
[corporate
seal]
Attest:
By:
Name:
Xxxxxxxx
X. Xxxxx
Title:
Assistant Secretary
TRUSTEE’S
CERTIFICATE OF AUTHENTICATION
Dated:
This
is
one of the Securities of the series designated therein referred to in the
within-mentioned Indenture.
X.X.
XXXXXX TRUST COMPANY, NATIONAL ASSOCIATION,
as
Trustee
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By: | ||
Authorized
Signatory
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[REVERSE
OF FORM OF SECURITY]
BOSTON
SCIENTIFIC CORPORATION
6.25
%
NOTE DUE 2035
1. Interest.
BOSTON
SCIENTIFIC CORPORATION, a Delaware corporation (the “Company”), which definition
shall include any successor thereto in accordance with the Indenture (as defined
below), promises to pay, until the principal hereof is paid or made available
for payment, interest on the principal amount set forth on the reverse side
hereof at a rate of 6.25% per annum.
Interest on the Securities will accrue from and including the most recent date
to which interest has been paid or, if no interest has been paid, from November
17, 2005 through but excluding the date on which interest is paid. Interest
shall be payable in arrears on May 15 and November 15 of each year (each an
“Interest Payment Date”), commencing May 15, 2006. Interest will be computed on
the basis of a 360-day year of twelve 30-day months.
2. Method
of Payment.
The
Company will pay interest on the Securities to the Persons who are registered
Holders of Securities at the close of business on the immediately preceding
May
1 and November 1 of each year (each, a “Regular Record Date”). Holders must
surrender Securities to a Paying Agent to collect principal payments. The
Company will pay principal, the Redemption Price and interest in money of the
United States that at the time of payment is legal tender for payment of public
and private debts. At the Company’s option, interest may be paid by check mailed
to the registered address of the Holder or by wire transfer to an account
designated by the Holder of this Security; provided, however, that so long
as
the Securities are registered in the name of The Depository Trust Company
(“DTC”), or its nominee, all payments of principal, Redemption Price and
interest in respect thereof will be made in immediately available
funds.
3. Paying
Agent and Security Registrar.
Initially, X.X. Xxxxxx Trust Company, National Association, will act as Paying
Agent and Security Registrar. The Company may change any Paying Agent or
Security Registrar without notice.
4. Indenture.
The
Company issued the Securities under an Indenture, dated as of November 18,
2004
(the “Indenture”), between the Company and X.X. Xxxxxx Trust Company, National
Association, as Trustee (the “Trustee”). This Security is one of an issue of
Securities of the Company issued under the Indenture. The terms of the
Securities include those stated in the Indenture and those made part of the
Indenture by reference to the Trust Indenture Act of 1939 as amended from time
to time (the “TIA”). The Securities are subject to all such terms, and Holders
of the Securities are referred to the Indenture and the TIA for a statement
of
them. Capitalized terms used herein and not otherwise defined have the meanings
set forth in the Indenture. The Securities constitute senior indebtedness of
the
Company and, as such, shall be general unsecured and unsubordinated obligations
of the Company ranking equally with all of the Company’s unsecured and
unsubordinated obligations. The Company may, subject to the terms of the
Indenture and applicable law, issue additional Securities under the Indenture.
The Securities issued on November 17, 2005 and any additional Securities
subsequently issued shall be treated as a single class for all purposes of
the
Indenture. The Indenture limits the ability of
the
Company to incur certain liens and to merge or consolidate with another entity
or transfer all or substantially all of its property and assets.
5. Optional
Redemption.
The
Securities are subject to redemption upon not less than 30 nor more than 60
days
notice mailed to the Holder, at any time prior to maturity as a whole or in
part, at the election of the Company at a price equal to the greater of (i)
100%
of the principal amount of the Securities to be redeemed or (ii) as determined
by a Quotation Agent, the sum of the present values of the remaining scheduled
payments of principal and interest thereon (not including any portion of such
payments of interest accrued to the date of redemption) discounted to the
Redemption Date on a semiannual basis (assuming a 360-day year consisting of
twelve 30-day months) at the Adjusted Treasury Rate plus 25 basis points, plus,
in each case, accrued and unpaid interest on the Securities to the Redemption
Date.
“Adjusted
Treasury Rate” means, with respect to any Redemption Date, the rate per year
equal to the semiannual equivalent yield to maturity of the Comparable Treasury
Issue, assuming a price for the Comparable Treasury Issue (expressed as a
percentage of its principal amount) equal to the Comparable Treasury Price
for
such Redemption Date.
“Comparable
Treasury Issue” means the United States Treasury security selected by a
Quotation Agent as having maturity comparable to the remaining term of the
Securities to be redeemed that would be utilized, at the time of selection
and
in accordance with customary financial practice, in pricing new issues of
corporate debt securities of comparable maturity to the remaining term of such
Securities.
“Quotation
Agent” means the Reference Treasury Dealer appointed by the Trustee after
consultation with Company.
“Comparable
Treasury Price” means, with respect to any Redemption Date, (1) the average of
the Reference Treasury Dealer Quotations for such Redemption Date, after
excluding the highest and lowest such Reference Treasury Dealer Quotations,
or
(2) if the Trustee obtains fewer than four such Reference Treasury Dealer
Quotations, the average of all such quotations.
“Reference
Treasury Dealer” means (1) Deutsche
Bank Securities Inc., X.X. Xxxxxx Securities Inc. and UBS Securities
LLC
and
their respective successors; provided,
however,
that,
if any of the foregoing shall cease to be a primary United States Government
securities dealer in the United States (a “Primary Treasury Dealer”), the
Company shall substitute therefor another Primary Treasury Dealer; and (2)
any
other Primary Treasury Dealers selected by the Trustee after consultation with
the Company.
“Reference
Treasury Dealer Quotations” means, with respect to each Reference Treasury
Dealer and any Redemption Date, the average, as determined by the Trustee,
of
the bid and ask prices for the Comparable Treasury Issue (expressed in each
case
as a percentage of its principal amount) quoted in writing to the Trustee by
such Reference Treasury Dealer at 5:00 p.m. on the third Business Day preceding
such Redemption Date.
6. Sinking
Fund.
No
sinking fund is provided for the Securities.
7. Denominations,
Transfer, Exchange.
The
Securities are in registered form without coupons in denominations of $1,000
and
integral multiples of $1,000. A Holder may transfer or exchange Securities
in
accordance with the Indenture. No service charge shall be made for any
registration of transfer or exchange of Securities, but the Company may require
payment of a sum sufficient to cover any tax or other governmental charge that
may be imposed in connection with any registration of transfer or exchange
of
Securities, other than exchanges pursuant to Section 304, 906, 1107 or 1305
of
the Indenture not involving any transfer.
8. Persons
Deemed Owners.
The
registered Holder of a Security may be treated as the owner of it for all
purposes.
9. Unclaimed
Money.
Subject
to any applicable abandoned property laws, if money for the payment of principal
or interest remains unclaimed for two years, the Trustee or Paying Agent will
pay the money back to the Company at its written request. After that, Holders
entitled to the money must look to the Company for payment as unsecured general
creditors unless an “abandoned property” law designates another
Person.
10. Amendment,
Supplement, Waiver.
The
Company and the Trustee may, without the consent of the holders of any
outstanding Securities, amend, waive or supplement the Indenture or the
Securities for certain specified purposes, including, among other things, curing
ambiguities, defects or inconsistencies, or making any other change that does
not adversely affect the rights of any Holder in any material respect. Other
amendments and modifications of the Indenture or the Securities may be made
by
the Company and the Trustee with the consent of the Holders of not less than
a
majority of the aggregate principal amount of the outstanding Securities
affected, subject to certain exceptions requiring the consent of the Holders
of
each Security affected thereby.
11. Successor
Corporation.
When a
successor corporation assumes all the obligations of its predecessor under
the
Securities and the Indenture and the transaction complies with the terms of
Article 8 of the Indenture, the predecessor corporation, subject to certain
exceptions, will be released from those obligations.
12. Defaults
and Remedies.
Events
of Default are set forth in the Indenture. Subject to certain limitations in
the
Indenture, if an Event of Default (other than an Event of Default specified
in
Section 501(5) or Section 501(6) of the Indenture) occurs and is continuing,
then the Holders of not less than 25% in aggregate principal amount of the
Outstanding Securities may, or the Trustee may, declare the principal of, plus
accrued interest, if any, to be due and payable immediately. If an Event of
Default specified in Section 501(5) or Section 501(6) of the Indenture occurs
and is continuing, the principal of and accrued interest on all of the
Securities shall ipso facto become and be immediately due and payable without
any declaration or other act on the part of the Trustee or any Holder. Holders
of the Securities may not enforce the Indenture or the Securities except as
provided in the Indenture. The Trustee may require indemnity reasonably
satisfactory to it before it enforces the Indenture or the Securities. Subject
to certain limitations, Holders of a majority in principal amount of the then
Outstanding Securities may direct the Trustee in its exercise of any trust
or
power. The Company must furnish an annual compliance certificate to the
Trustee.
13. No
Recourse Against Others.
A
director, officer, employee, or stockholder, as such, of the Company or any
of
its Affiliates shall not have any liability for any obligations of the Company
under the Securities or the Indenture or for any claim based on, in respect
of
or by reason of, such obligations or their creation. Each Holder of the
Securities by accepting a Security waives and releases all such liability.
The
waiver and release are part of the consideration for the issue of the
Securities.
14. Defeasance.
The
Indenture contains provisions (which provisions apply to this Security) for
defeasance at any time of (a) the entire indebtedness of the Company in respect
of this Security and (b) certain restrictive covenants and Defaults and Events
of Default, in each case upon compliance by the Company with certain conditions
set forth therein.
15. Authentication.
This
Security shall not be valid until the Trustee signs the certificate of
authentication to this Security.
16. GOVERNING
LAW.
THE
INDENTURE AND THIS SECURITY SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE
WITH THE LAWS OF THE STATE OF NEW YORK.
The
Company will furnish to any Holder of Securities upon written request and
without charge a copy of the Indenture. Requests may be made to:
BOSTON
SCIENTIFIC CORPORATION
Xxx
Xxxxxx Xxxxxxxxxx Xxxxx
Xxxxxx,
Xxxxxxxxxxxxx 00000
Telephone:
(000) 000-0000
Telecopy:
(000) 000-0000
Attention:
Assistant General Counsel
ASSIGNMENT
FORM
If
you
the holder want to assign this Security, fill in the form below and have
your
signature guaranteed:
I
or we assign and transfer this Security to
|
(Insert
assignee's social security or tax ID number)
(Print or type assignee's name, address and zip code) and irrevocably appoint |
agent
to
transfer this Security on the books of the Company. The agent may substitute
another to act for him.
Date:___________________________ Your
signature:___________________________________________________
(Sign
exactly as your name appears on the other side of this Security)
Signature
Guarantee:_______________________________________________________________________________
Signatures
must be guaranteed by an “eligible guarantor institution” meeting the
requirements of the Security Registrar, which requirements include membership
or
participation in the Securities Transfer Agents Medallion Program (“STAMP”) or
such other “signature guarantee program” as may be determined by the Security
Registrar in addition to, or in substitution for, STAMP, all in accordance
with
the Securities Exchange Act of 1934, as amended.