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Filed pursuant to Rule 424(b)(3)
Registration No. 333-43522
PRICING SUPPLEMENT NO. 1
to the
Prospectus dated August 28, 2000
And the Prospectus Supplement dated September 6, 2000
Universal Corporation
$400,000,000
Medium-Term Notes, Series B
The notes being purchased have the following terms:
PRINCIPAL AMOUNT: $63,000,000
STATED MATURITY: October 2, 2003
SPECIFIED CURRENCY: U.S. Dollars
FIXED INTEREST RATE: 8.0% per annum
ORIGINAL ISSUE DATE: October 2, 2000
CUSIP: 91345H AF 2
PRICE TO PUBLIC %: 99.804
AUTHORIZED DENOMINATIONS: Minimum denominations of $1,000 and integral
multiples thereof.
AGENTS: First Union Securities, Inc.
SunTrust Equitable Securities Corporation
AGENTS' COMMISSION: 0.350%
NET PROCEEDS TO UNIVERSAL CORPORATION: $62,656,020
THIS OFFERING IS SUBJECT TO REOPENING AT A LATER TIME TO OFFER
ADDITIONAL NOTES HAVING THE SAME TERMS AS THE NOTES BEING PURCHASED.
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DEPOSITARY: DTC
FORM OF NOTE:
- global registered book-entry form only: Yes
- non-global form available: Upon certain events as described in the
Prospectus
- bearer note: No
REDEMPTION AND REPAYMENT: Not redeemable or repayable prior to stated maturity
FIXED RATE SECURITIES:
- annual rate: 8.0%
- interest payment dates: Each April 2 and October 2, commencing
April 2, 2001
- regular record date: Each March 15 or September 15 immediately
preceding an interest payment date
DEFEASANCE AND COVENANT DEFEASANCE:
The Company may effect defeasance or covenant defeasance with
respect to the notes upon meeting certain conditions as described in the
Prospectus.
OTHER INFORMATION:
Neither the Securities and Exchange Commission nor any other regulatory
body has approved or disapproved these securities or passed upon the adequacy or
accuracy of the Prospectus, the Prospectus Supplement or this Pricing
Supplement. Any representation to the contrary is a criminal offense.
Terms used and not defined herein but defined in the Prospectus
Supplement and Prospectus are used herein as therein defined.
UNIVERSAL CORPORATION
Pricing Supplement dated September 22, 2000
