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Participating in a Treasury/TIPS Auction |
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1. |
Meet Eligibility
Requirements: To participate in a Treasury Auction through Fidelity Brokerage Services LLC,
you must have a brokerage account. |
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2. |
Enter the Quantity: To participate in a Treasury auction, you must enter the
maximum number of securities (e.g., depending on the auction, the maximum number of bonds, bills, or
notes) you are interested in purchasing. |
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One bill, note, or bond is equal to $1000 face value. Therefore, if you want to buy $5000 face value
of a Treasury auction offering, you would enter 5 in the Quantity field on the Trade Bonds/Fixed Income
order entry screen. |
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Note: |
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There is a $19.95 fee on all Treasury auction
orders. However, U.S. Treasury auction orders placed online are free of charge. |
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See the product overview for an auction
schedule. |
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Non-competitive bids are limited to no more than $5 million in a bill, note, or bond auction. |
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A bidder bidding competitively for his or her own
account may not bid non-competitively for his or her own account in the same auction. |
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Prior to the designated closing time for receipt
of competitive tenders, a non-competitive bidder may not enter into any agreement to purchase or sell or
otherwise dispose of the securities that may be acquired in the auction. |
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See the product overview for a pricing
schedule. |
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3. |
Pricing of the Offering:
Treasury auction securities (e.g., bonds, bills, or
notes) are priced and the yield is announced. |
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4. |
Allocation of Bonds: The Treasury auction securities (e.g., notes, bills, and
bonds) are deposited into customer's accounts. |
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You can check your account history or positions
on Fidelity.com to see if you received an allocation of securities. |
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Participating in a New Issue Municipal Bond Offering |
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1. |
Meet the Eligibility
Requirements: To participate in new issue municipal bonds through Fidelity Brokerage
Services LLC, you must have a brokerage account. |
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2. |
Sign Up for Fidelity
Alerts: To participate in the municipal
bond new issue offering through Fidelity Brokerage Services LLC, you must register with the fixed-income
alert service through Fidelity Alerts. |
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This allows Fidelity to send you notification of
the price and size of the offering, and other potential updates about the offering. |
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Fidelity Alerts is a service provided by Fidelity
Investments which allows you to receive new issue notifications as well as other account or trade related
information by pager, e-mail, two-way pager, or personal data assistant (e.g., Palm Pilot). |
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3. |
Review a Preliminary Official
Statement: You may review the official
statement, if available, prior to entering an
indication of interest. The preliminary official statement can be easily downloaded by selecting
Official Statement next to the issue in question. |
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The preliminary official statement contains
information about the offering and issuer that the underwriter and issuer decided an investor should know
in order to make an informed investment decision. |
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4. |
Enter the Purchase
Quantity: To have the opportunity to
purchase a new issue municipal bond offering, you must enter the maximum number of bonds you want to
buy. |
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One bond is equal to $1000 face value. Therefore, if you want to buy $5000 face value of a
municipal offering, you would enter 5 in the Quantity field. |
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Note: The minimum quantity is 5 bonds with increments of 5 bonds
thereafter. |
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5. |
Pricing and Size of the
Offering: The underwriter and issuer will
set the public offering price and the size of the offering to be distributed. |
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6. |
Receive an Offering Price and Size
Notification: You will receive
notification that: |
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a) The offering has been priced and the size of
offering has been announced. |
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b) If you do not want to purchase bonds, you must
withdraw, delete, any order prior to the end of the order period, which will not occur prior to a stated
time. |
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Notifications will be sent to the device (e.g.,
pager) that you registered when you signed up for Fidelity Alerts. |
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7. |
Allocation of Bonds: If you did not delete your order, you are eligible for an
allocation of bonds. |
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In the instance that the offering is
oversubscribed (more bonds were requested than available for purchase) and you did not withdraw or delete
your order, you may receive a portion of the bonds you requested or none at all. |
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Entering an order does not guarantee an
allocation of bonds. Fidelity allocates bonds as fairly and equitably as possible. |
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8. |
Receive an Allocation
Notification: You will receive
notification that the offering has been allocated and that bonds have been placed in customer accounts.
This notification will be sent to the device (e.g., pager) that you registered when you signed up for
Fidelity Alerts. |
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You can check your account history or positions
on Fidelity.com to see if you received an allocation of bonds. |
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9. |
Receive the Final Official
Statement: If you are allocated bonds from
the offering, you will receive a copy of a written confirmation. In addition, you will receive a copy of the issuer's final prospectus and pricing supplement, if one is available.
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The official statement contains the same type of
information included in the preliminary official statement and certain amendments, including, but not
limited to the exact size of the offering, the net proceeds going to the issuer, and the concession being
given to the underwriter. |
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Participating in a New Issue Corporate Bond Offering |
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1. |
Meet Eligibility
Requirements: To participate in a new issue corporate bond offering through Fidelity
Brokerage Services LLC, you must have a brokerage account. |
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2. |
Sign Up for Fidelity
Alerts: To participate in a corporate bond
new issue offering through Fidelity Brokerage Services LLC, you must register with the fixed-income alert
service through Fidelity Alerts. |
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This will make it possible for Fidelity to send
you notification of the price and size of the offering, the confirmation period, and other potential
updates about the offering. |
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Fidelity Alerts is a service provided by Fidelity
Investments which allows you to receive new issue notifications as well as other account or trade related
information by pager, e-mail, two way-pager, or personal data assistant (e.g., Palm Pilot). |
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3. |
Review a Preliminary
Prospectus: You may review the preliminary
prospectus, if available, prior to entering an
indication of interest. The preliminary prospectus can be easily downloaded by selecting Prospectus
next to the issue for which you want to enter an indication of interest. |
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The preliminary prospectus contains information
about the offering and issuer that the underwriter and issuer decided an investor should know in order to
make an informed investment decision. |
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4. |
Enter an Indication of
Interest: To have the opportunity to
participate in a corporate new issue offering, you must enter an indication of interest in which you
specify the maximum number of bonds you are interested in purchasing. |
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One bond is equal to $1000 face value. Therefore, if you want to buy $5000 face value of a
corporate bond offering, you would enter 5 in the Quantity field on the Enter Indication of Interest
screen. |
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Note: The minimum quantity is 5 bonds with increments of 1 bond
thereafter. |
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5. |
Pricing and Size of the
Offering: The underwriter and issuer will
set the public offering price and the size of the offering to be distributed. |
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6. |
Receive an Offering Price and Size
Notification: You will receive
notification that: |
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a) The offering has been priced and that the size
of offering has been announced. |
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b) To have an opportunity to purchase bonds, you
must confirm your indication of interest by a stated time. |
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c) If you do not want to purchase the bonds, you
must withdraw, delete, any confirmed indication of interest prior to the allocation of bonds. |
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Bonds will not be allocated prior to the stated
time (see b). |
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Notifications will be sent to the device (e.g.,
pager) that you registered when you signed up for Fidelity Alerts. |
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7. |
Confirm the Indication of
Interest: To have an opportunity to
participate, you must confirm your indication of interest.
By confirming your indication of interest, you are placing an order to buy bonds. |
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Indications of interest may not be confirmed
prior to when the offering is priced and the size of the offering is announced. |
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Note: If you do not confirm your indication of interest after pricing, you will
not be allocated bonds from the offering. |
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8. |
Allocation of Bonds: If you confirmed your indication of interest, you may be
allocated the bonds you requested. |
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In the instance that the offering is
oversubscribed (more bonds were requested than available for purchase) and you confirmed your indication
of interest, you may receive a portion of the bonds requested, or none at all. |
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Confirming an indication of interest does not
guarantee an allocation of bonds. Fidelity allocates bonds as fairly and equitably as
possible. |
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9. |
Receive an Allocation
Notification: You will receive a
notification that the offering has been allocated and that bonds have been placed in customer accounts.
This notification will be sent to the device (e.g., pager) that you registered when they signed up for
Fidelity Alerts. |
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You can check your account positions or history
on Fidelity.com to see if you received an allocation of bonds. |
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10. |
Receive the Final
Prospectus: If you are allocated bonds
from the offering, you will receive a written confirmation. In addition, you will receive a copy of the issuer's final prospectus and pricing supplement, if one is available. |
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The final prospectus contains the same type of
information included in the preliminary prospectus and certain amendments, including, but not limited to
the exact size of the offering, the net proceeds going to the issuer, and the concession being given to
the underwriter. |
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Participating in a New Issue Agency/Government Sponsored Enterprises (GSEs) Auction |
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1. |
Meet the Eligibility
Requirements: To participate in a new issue Agency/GSE bond auction through Fidelity
Brokerage Services LLC, you must have a brokerage account. |
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2. |
Review an Offering
Circular: You may review the offering
circular, if available, prior to entering your
indication of interest. The offering circular can be easily downloaded by selecting Offering Circular
next to the issue in question. |
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The offering circular contains information about
the offering and issuer that the underwriter and issuer decided an investor should know in order to make
an informed investment decision. |
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3. |
Enter the Quantity: In order to have the opportunity to participate in an
Agency/GSE new issue offering, you must enter the maximum number of bonds you are interested in
purchasing. |
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One bond is equal to $1000 face value. Therefore, if you want to buy $5000 face value of an Agency/GSE bond offering, you would enter 5 in
the Quantity field on the Enter Indication of Interest screen. |
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Please note that the minimum purchase quantity and additional increments vary by product. |
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4. |
Pricing of the Offering:
Agency/GSE new issue offerings are priced at
$1000. |
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5. |
Allocation of Bonds: Agency/GSE bonds are deposited into customers'
accounts. |
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You can check your account history or positions
on Fidelity.com to see if you received an allocation of bonds. |
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6. |
Receive the Final Offering Circular
and Term Sheet: If you are allocated bonds
from the offering, you will receive a copy of a written confirmation. In addition, you will receive a copy of the issuer's final prospectus and pricing supplement, if one is available. |
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The final offering circular and term sheet
contain the same type of information included in the preliminary offering circular and certain
amendments, including, but not limited to the exact size of the offering, the net proceeds going to the
issuer, and the concession being given to the underwriter. |
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| Participating in the CorporateNotes ProgramSM
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1. |
Meet Eligibility
Requirements: To participate in the CorporateNotes ProgramSM through
Fidelity Brokerage Services LLC, you must have a brokerage account. |
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2. |
Review a Preliminary
Prospectus: You may review the preliminary
prospectus, if available, prior to entering your request to purchase bonds. The preliminary prospectus
can be easily downloaded by selecting Prospectus next to the issue in question. |
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The preliminary prospectus contains information
about the offering and issuer that the underwriter and issuer decided an investor should know in order to
make an informed investment decision. |
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3. |
Enter the Quantity: To have the opportunity to participate in the CorporateNotesSM Program, you must enter the number of bonds you are interested in purchasing. |
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One bond is equal to $1000 face value. Therefore, if you want to buy $5000 face value of a
CorporateNotes offering, you would enter 5 in the Quantity field on the Enter Indication of Interest
screen. |
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Note: |
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There are no fees associated with the CorporateNotesSM Program. |
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CorporateNotes are designed as buy and hold
securities, but a secondary market does exist. |
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The minimum purchase quantity is one bond with
one bond increments thereafter. |
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4. |
Pricing of the Offering:
CorporateNotes offerings are priced at
$1000. |
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5. |
Allocation of Bonds: CorporateNotes are deposited into customers'
accounts. |
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You can check your account history or positions
on Fidelity.com to see if you received an allocation of bonds. |
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6. |
Receive the Final
Prospectus: If you are allocated bonds
from the offering, you will receive a copy of a written confirmation. In addition, you will receive a copy of the issuer's final prospectus and pricing supplement, if one is available. |
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The final prospectus contains the same type of
information included in the preliminary prospectus and certain amendments, including, but not limited to
the exact size of the offering, the net proceeds going to the issuer, and the concession being given to
the underwriter. |
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| Participating in a New Fixed Rate Capital Securities
Offering |
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1. |
Meet Eligibility
Requirements: To participate in a new
issue Fixed Rate Capital Securities
offering through Fidelity Brokerage Services LLC, you must have a brokerage account. |
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2. |
Sign Up for Fidelity
Alerts: To participate in a Fixed Rate
Capital Securities offering through Fidelity Brokerage Services LLC, you must register with the fixed
income alert service through Fidelity Alerts. |
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This allows Fidelity to send you notification of
the price and size of the offering, the confirmation period, and other potential updates about the
offering. |
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Fidelity Alerts is a service provided by Fidelity
Investments which allows you to receive new issue notifications as well as other account or trade related
information by pager, e-mail, two-way pager, or personal data assistant (e.g., Palm Pilot). |
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3. |
Review a Preliminary
Prospectus: You may review the preliminary
prospectus, if available, prior to entering an
indication of interest. The preliminary prospectus can be easily downloaded by selecting Prospectus
next to the issue for which you want to enter an indication of interest. |
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The preliminary prospectus contains information
about the offering and issuer that the underwriter and issuer decided an investor should know in order to
make an informed investment decision. |
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4. |
Enter an Indication of
Interest: To have the opportunity to
participate in a Fixed Rate Capital Securities offering, you must enter an indication of interest. As part of the indication of
interest, you enter the maximum number of shares you are interested in purchasing. One share is equal to
$25. |
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Note: The minimum quantity is 100 shares with 1-share increments
thereafter. |
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5. |
Pricing and Size of the
Offering: The underwriter and issuer will
set the public offering price and the size of the offering to be distributed. |
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6. |
Receive an Offering Price and Size
Notification: You will receive
notification that: |
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a) The offering has been priced and that the size
of offering has been announced. |
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b) To have an opportunity to purchase shares, you
must confirm your indication of interest by a stated time. |
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c) If you do not want to purchase the shares, you
must withdraw or delete a confirmed indication of interest prior to the allocation of shares. |
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Shares will not be allocated prior to a stated
time (see b). |
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Notifications will be sent to the device (e.g.,
pager) that you registered when you signed up for Fidelity Alerts. |
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7. |
Confirm the Indication of
Interest: To have an opportunity to
participate, you must confirm your indication of interest. By confirming your indication of interest, you
are placing an order to buy shares. |
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Indications of interest may not be confirmed
prior to when the offering is priced and the size of the offering is announced. |
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Note: If you do not confirm your indication of interest after pricing, you will
not be allocated shares from the offering. |
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8. |
Allocation of Shares: If you confirmed your indication of interest, you are
eligible for an allocated of shares. |
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In the instance that the offering is
oversubscribed (more shares were requested than available for purchase) and you confirmed your indication
of interest, you may receive a portion of the shares requested, or none at all. |
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Confirming an indication of interest does not
guarantee an allocation of shares. Fidelity allocates shares as fairly and equitably as
possible. |
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9. |
Receive an Allocation
Notification: You will receive a
notification that the offering has been priced and that shares have been allocated to customer accounts.
This notification will be sent to the device (e.g., pager) that you registered when you signed up for
Fidelity Alerts. |
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You can check your account history or positions
on Fidelity.com to see if you received an allocation of shares. |
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10. |
Receive the Final
Prospectus: If you are allocated shares
from the offering, you will receive a written confirmation. In addition, you will receive a copy of the issuer's final prospectus and pricing supplement, if one is available. |
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The final prospectus contains the same type of
information included in the preliminary prospectus and certain amendments, including, but not limited to
the exact size of the offering, the net proceeds going to the issuer, and the concession being given to
the underwriter. |
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Note: |
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You may also purchase Fixed Rate Capital
Securities (FRCS) after they have been priced, but before they trade in the secondary market. The ability
to purchase FRCS after pricing is not available on all issues. |
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If you purchase FRCS after pricing but before
trading in the secondary market, you are buying the security at the offering price. |
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All orders entered under these circumstances are
not indications of interest. They are firm orders. There is no need to confirm these orders nor will
Fidelity send messages relating to these orders. |
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| Participating
in a New Issue Certificate of Deposit (CD or CDIP) Offering |
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1. |
Meet the Eligibility
Requirements: To participate in a new
issue CD offering through Fidelity Brokerage
Services LLC, you must have a brokerage account. |
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2. |
Enter the Quantity: To have the opportunity to participate in a CD new issue
offering, you must enter the maximum number of CDs you are interested in purchasing. You should enter the
dollar value for the number of CDs you are interested in purchasing. |
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One CD is equal to $1000 face value. Therefore,
if you want to buy five CDs, you would enter $5000 in the Quantity field on the Trade Bonds/Fixed Income
order entry screen. |
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Note: |
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Not all CDs are available in every state. This
will vary by the issuing bank and offering. |
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CDs issued by Lehman Brothers Bank FSB are not
available to residents of the state of Texas. |
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3. |
Pricing of the Offering:
All new issue CDs are priced at par value, which is $1000. |
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4. |
Allocation of CDs: The CDs you requested are deposited into your account. You
can view account history or positions on Fidelity.com to see the CDs you purchased. |
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5. |
Receive the Confirmation and
Disclosure Statement: If you purchase new
issue CDs, you receive a copy of a written confirmation statement as well as a copy of the Certificate of
Deposit disclosure statement. |
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