Whitehall-Coplay School District, Lehigh County, Pennsylvania
General Obligation Bonds
Consisting of:
$4,005,000* Series of 2019 and
$5,940,000* Series A of 2019

(1) S&P has assigned an A+ (Stable Outlook) rating to the Bonds.

(2) In accordance with the "Municipal Bond Insurance and Credit Rating" section of the Invitation to Bid for the Bonds, bidders only have the option to bid for the Bonds without insurance, or with insurance from one of the following insurers at the respective premiums:

     Insurer   Premium
     -------   -------
     AGM       $28,300
     BAM       $32,000
     MAC       $28,300

The cost of insurance and rating will be paid by the issuer.

*Preliminary, subject to change

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