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Sample Apple Inc-style 10-Year corporate bond

Corporate AA+ Public SAMPLE

Illustrative structure — 4.75% coupon · due Jun 15, 2036 · Senior unsecured · callable · AAPL. Not a real, tradable CUSIP.

Representative sample. Terms below (call schedule, seniority, size) are illustrative for a bond like this; issuer identity and credit fundamentals are live. Prices are indicative model values, not market quotes. Real CUSIP, bid/ask and last trades come with a market-data feed — see Methodology.
Yield to worst i
4.96%
to maturity
Yield to maturity i
4.96%
Yield to call
4.97%
Coupon i
4.75%
Modified duration i
7.9 yr
Indicative price i
98.348
model not a market quote
The number you give your broker

Get this bond's CUSIP

A CUSIP is the bond's unique 9-character ID — letters and digits, like 459200 LQ2. It's how you, your broker or your bond desk pin down exactly this bond to price, buy or sell it. We show indicative analytics here; the official CUSIP lives in the issuer's SEC filing.

Look up AAPL CUSIPs
  1. 1
    Opens Apple Inc's pricing term sheet on SEC EDGAR — official and free, in a new tab. We've confirmed this filing lists CUSIPs.
  2. 2
    Find the row labelled “CUSIP” near the top. It's a 9-character code with letters in it, sometimes written with a space — e.g. 459200 LQ2 means 459200LQ2. Not a plain number. (Press Ctrl-F / ⌘-F for “CUSIP” if needed.)
  3. 3
    Pick the one whose coupon & maturity match the bond you want — that's its CUSIP. Give that to your broker.

A longer code starting “US…” next to it is the ISIN (same bond, international format). Once you have a CUSIP, FINRA's bond page shows its last-traded prices. · All AAPL bond filings.

Market price & trading

requires a market-data feed (FINRA TRACE)
Bid / Ask
live feed
dealer quotes
Last trade
live feed
price + time of last reported trade
Recent volume
live feed
reported TRACE volume

This preview computes an indicative model price off the Treasury curve. Real-time bid/ask, last-trade price and trade time are licensed FINRA TRACE data — available when a feed is connected. To find this bond's real CUSIP and trade prices, see above.

Terms & structure

IssuerApple Inc AAPL
Type Corporate
Public access iPublic A publicly traded, SEC-reporting issuer — bonds like this are generally available to individuals through a normal brokerage account.
SenioritySenior unsecured
Coupon i4.75% (semiannual)
MaturityJun 15, 2036
CallableYes — first call Dec 15, 2035 at 100.000
Amount outstanding i$2.0B (representative)
Minimum purchase$1,000 face (×$1,000)
CUSIPLook up the real CUSIP ↑ · shown as AAPL 4.75% ’36 here
FIGIlive feed

Computed metrics model

Clean price i
98.348
Dirty price i
98.387
Accrued i
0.039
Yield to maturity i
4.96%
Yield to call
4.97%
Yield to worst i
4.96%
Modified duration i
7.9 yr
Convexity
74.39
MODEL spread +58bp — our model's credit-spread assumption for a AA+ rating, not an observed market spread. Real spreads move with supply, liquidity and issuer news.

Yield to worst is the lower of yield-to-maturity and yield-to-call — the least-favourable outcome if the issuer redeems early.

Credit context

AA+ Rating AA+ · outlook Stablerepresentative/indicative, not a live agency feed; drives the model spread

Leverage & coverage — from SEC filings (FY 2025-09-27)

Total debt
$82.7B
long-term, per filings · as of 2026-03-28
Debt / EBITDA
0.6×
Net margin
26.9%

Market metrics — latest available, via Finnhub

EV / EBITDA
27.6×
Total debt / equity
0.80
Current ratio
1.07

Recent Apple Inc news

Headlines via Finnhub — context only, not a credit assessment.

Rate sensitivity i

approximate, from duration & convexity
Parallel rate moveApprox. price changeApprox. price
-200 bp +17.19% 115.257
-100 bp +8.22% 106.437
+100 bp -7.48% 90.991
+200 bp -14.22% 84.366

Cash-flow timeline

each tick a coupon · ◆ today · callable Dec 15, 2035
issued Jun 2026par 100 · Jun 203620 coupons remaining + principal