PAYPAL HOLDINGS, INC. Underwriting AgreementUnderwriting Agreement • May 12th, 2020 • PayPal Holdings, Inc. • Services-business services, nec • New York
PayPal Holdings, Inc., a Delaware corporation (the “Company”), proposes to issue and sell to the several underwriters listed in Schedule 1 hereto (the “Underwriters”), for whom you are acting as representatives (the “Representatives”), $1,000,000,000 aggregate principal amount of its 1.350% Senior Notes due 2023 (the “2023 Notes”), $1,000,000,000 aggregate principal amount of its 1.650% Senior Notes due 2025 (the “2025 Notes”), $1,000,000,000 aggregate principal amount of its 2.300% Senior Notes due 2030 (the “2030 Notes”), and $1,000,000,000 aggregate principal amount of its 3.250% Senior Notes due 2050 (the “2050 Notes” and, together with the 2023 Notes, the 2025 Notes and the 2030 Notes, the “Securities”). The Securities will be issued pursuant to an Indenture dated as of September 26, 2019 (the “Indenture”), between the Company and Wells Fargo Bank, National Association, as trustee (the “Trustee”), as supplemented by an officers’ certificate of the Company issued pursuant to the In
