Exhibit 25.1

 

 

 

securities and exchange commission

Washington, D.C. 20549

 

 

 

FORM T-1

 

Statement of Eligibility Under

The Trust Indenture Act of 1939 of a

Corporation Designated to Act as Trustee

Check if an Application to Determine Eligibility of
a Trustee Pursuant to Section 305(b)(2) ¨

_______________________________________________________

 

U.S. BANK NATIONAL ASSOCIATION

(Exact name of Trustee as specified in its charter)

 

31-0841368

I.R.S. Employer Identification No.

 

800 Nicollet Mall

Minneapolis, Minnesota

 

55402

(Address of principal executive offices) (Zip Code)

 

Fonda Hall

U.S. Bank National Association

633 W. Fifth Street, 24th Floor

Los Angeles, CA 90071

(213) 615-6023

(Name, address and telephone number of agent for service)

 

QUALCOMM Incorporated

(Issuer with respect to the Securities)

Delaware 95-3685934
(State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.)

 

5775 Morehouse Drive

San Diego, California

92121-1714
(Address of Principal Executive Offices) (Zip Code)

 

Debt Securities

(Title of the Indenture Securities)

 

 

 

 

 

 

FORM T-1

 

Item 1. GENERAL INFORMATION. Furnish the following information as to the Trustee.

 

a)Name and address of each examining or supervising authority to which it is subject.

 

Comptroller of the Currency

Washington, D.C.

 

b)Whether it is authorized to exercise corporate trust powers.

 

Yes

 

Item 2. AFFILIATIONS WITH THE OBLIGOR. If the obligor is an affiliate of the Trustee, describe each such affiliation.

 

None

 

Items 3-15     Items 3-15 are not applicable because to the best of the Trustee's knowledge, the obligor is not in default under any Indenture for which the Trustee acts as Trustee.

 

Item 16. LIST OF EXHIBITS: List below all exhibits filed as a part of this statement of eligibility and qualification.

 

1.A copy of the Articles of Association of the Trustee.*

 

2.A copy of the certificate of authority of the Trustee to commence business, attached as Exhibit 2.

 

3.A copy of the certificate of authority of the Trustee to exercise corporate trust powers, attached as Exhibit 3.

 

4.A copy of the existing bylaws of the Trustee.**

 

5.A copy of each Indenture referred to in Item 4. Not applicable.

 

6.The consent of the Trustee required by Section 321(b) of the Trust Indenture Act of 1939, attached as Exhibit 6.

 

7.Report of Condition of the Trustee as of March 31, 2021 published pursuant to law or the requirements of its supervising or examining authority, attached as Exhibit 7.

 

* Incorporated by reference to Exhibit 25.1 to Amendment No. 2 to registration statement on S-4, Registration Number 333-128217 filed on November 15, 2005.

 

** Incorporated by reference to 305(b)(2), Registration Number 333-229783 filed on June 21, 2021.

 

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SIGNATURE

 

Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the Trustee, U.S. BANK NATIONAL ASSOCIATION, a national banking association organized and existing under the laws of the United States of America, has duly caused this statement of eligibility and qualification to be signed on its behalf by the undersigned, thereunto duly authorized, all in the Los Angeles, State of California on the 28th of July, 2021.

 

  By: /s/ Fonda Hall
    Fonda Hall
    Vice President

 

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Exhibit 2

 

 

 

 4

 

 

 

Exhibit 3

 

5

 

 

 

 

6

 

 

Exhibit 6

 

CONSENT

 

In accordance with Section 321(b) of the Trust Indenture Act of 1939, the undersigned, U.S. BANK NATIONAL ASSOCIATION hereby consents that reports of examination of the undersigned by Federal, State, Territorial or District authorities may be furnished by such authorities to the Securities and Exchange Commission upon its request therefor.

 

Dated: July 28, 2021  
   
  By: /s/ Fonda Hall
    Fonda Hall
    Vice President

 

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Exhibit 7

U.S. Bank National Association

Statement of Financial Condition

As of 3/31/2021

 

($000’s)

 

   3/31/2021 
Assets     
Cash and Balances Due From  $43,386,652 
Depository Institutions     
Securities   154,609,348 
Federal Funds   0 
Loans & Lease Financing Receivables   297,075,286 
Fixed Assets   6,148,452 
Intangible Assets   13,371,986 
Other Assets   27,974,559 
Total Assets  $542,566,283 
      
Liabilities     
Deposits  $444,618,948 
Fed Funds   1,321,015 
Treasury Demand Notes   0 
Trading Liabilities   1,231,176 
Other Borrowed Money   27,466,875 
Acceptances   0 
Subordinated Notes and Debentures   3,350,000 
Other Liabilities   13,255,984 
Total Liabilities  $491,243,998 
      
Equity     
Common and Preferred Stock   18,200 
Surplus   14,266,915 
Undivided Profits   36,236,966 
Minority Interest in Subsidiaries   800,204 
Total Equity Capital  $51,322,285 
      
Total Liabilities and Equity Capital  $542,566,283 

 

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