EX-25.1 5 exhibit251-formtx1.htm EXHIBIT 25.1 FORM T-1 Exhibit


EXHBIT 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)
 
Alison D.B. Nadeau
U.S. Bank National Association
One Federal Street
Boston, MA 02110
(617) 603-6553
(Name, address and telephone number of agent for service)
                                                       
Boston Scientific Corporation
(Issuer with respect to the Securities)
Delaware
04-2695240
(State or other jurisdiction of incorporation or organization)
(I.R.S. Employer Identification No.)

300 Boston Scientific Way, Marlborough, Massachusetts
01752-1234
(Address of Principal Executive Offices)
(Zip Code)

Senior Debt Securities
Subordinated 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 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 September 30, 2017 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 Exhibit 25.1 to registration statement on form S-3ASR, Registration Number 333-199863 filed on November 5, 2014.
    





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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 City of Boston Massachusetts on the 20th of February, 2018.

By:    /s/ Alison D.B. Nadeau________                                            Alison D.B. Nadeau    
Vice President


































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Exhibit 2

certificateofcorporateexiste.jpg

4



Exhibit 3


certificateoffiduciarypowers.jpg


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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: February 20, 2018


By:    /s/ Alison D.B. Nadeau _________                                            Alison D.B. Nadeau    
Vice President





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Exhibit 7
U.S. Bank National Association
Statement of Financial Condition
As of 9/30/2017

($000’s)

    
 
 
9/30/2017

 
Assets
 
 
 
Cash and Balances Due From
 
$
20,502,653

 
Depository Institutions
 
 
 
Securities
 
110,797,206

 
Federal Funds
 
24,647

 
Loans & Lease Financing Receivables
 
277,953,611

 
Fixed Assets
 
4,538,527

 
Intangible Assets
 
12,820,876

 
Other Assets
 
25,614,306

 
Total Assets    
 
$
452,251,826

 
 
 
 
 
Liabilities
 
 
 
Deposits
 
$
353,914,855

 
Fed Funds
 
992,263

 
Treasury Demand Notes
 
0

 
Trading Liabilities
 
989,885

 
Other Borrowed Money
 
31,965,947

 
Acceptances
 
0

 
Subordinated Notes and Debentures
 
3,300,000

 
Other Liabilities
 
14,438,977

 
Total Liabilities
 
$
405,601,927

 
 
 
 
 
Equity
 
 
 
Common and Preferred Stock
 
18,200

 
Surplus
 
14,266,915

 
Undivided Profits
 
31,565,657

 
Minority Interest in Subsidiaries
 
799,127

 
Total Equity Capital
 
$
46,649,899

 
 
 
 
 
Total Liabilities and Equity Capital
 
$
452,251,826

 
 
 
 
 
 
 
 
 
 
        




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