Company: BSX
Filing Date: 2025-02-24
Form Type: 424B2
Source: 0001104659-25-016521
Chunk: 51

Company: BOSTON SCIENTIFIC CORP
Filing Date: 2025-02-24
Form: 424B2
Chunk 51
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 this election must apply it consistently to all debt instruments held by the U.S. Holder from year to year and cannot change the election without the consent of the IRS. U.S. Holders should consult their tax advisors about the advisability of making this election. Because exchange rates may fluctuate, a U.S. Holder of a note may recognize a different amount of OID income in each accrual period than would the holder of an otherwise similar note denominated in U.S. dollars. All payments on a note, including payments of stated interest, will generally be viewed first as payments of previously accrued OID to the extent thereof, with payments attributed first to the earliest-accrued OID, and then as payments of principal.

The “yield to maturity” of a note is the discount rate that causes the present value of all payments on the note as of its original issue date to equal the issue price of the note. The “adjusted issue price” of a note at the beginning of any accrual period will generally be the sum of its issue price and the amount of OID allocable to all prior accrual periods, reduced by the amount of all payments, including payments of stated interest, made with respect to the note in all prior accrual periods. As a result of this “constant yield” method of including OID in income, and not taking into account exchange rate fluctuations that would affect the amount of OID included in income (as described above), the amounts includible in income by a U.S. Holder generally are lesser in the early years and greater in the later years than the amounts that would be includible on a straight-line basis.

A U.S. Holder will recognize foreign currency exchange gain or loss upon the receipt of an amount attributable to OID (whether on the receipt of an interest payment with respect to the note or proceeds from a sale, retirement, redemption or other disposition, as discussed in further detail below) if the exchange rate in effect on the date the payment is received differs from the rate applicable to the previous accrual of that OID. The amount of foreign currency exchange gain or loss recognized will equal the difference between the U.S. dollar value of the euro payment received (determined based on the spot rate of exchange on the date the payment is received) in respect of the accrual period and the U.S. dollar value of the OID that has accrued during the accrual period (as determined above), regardless of whether the payment is in fact converted to U.S. dollars. This foreign currency gain or loss generally will be U.S