Interest on the Series OO Notes
The Series OO Notes will bear interest at a rate of 5.300% per annum. Interest on the Series OO Notes will accrue from February 22, 2024
and will be payable semiannually on May 15 and November 15 of each year, beginning on May 15, 2024, to the person listed as the holder of the note, or any predecessor note, in the security register at the close of business on the
preceding May 1 or November 1 (whether or not a business day), as the case may be. These dates are the Regular Record Dates for the Series OO Notes.
If any interest payment date, stated maturity date or redemption or repurchase date for the Series OO Notes is not a business day, the payment
otherwise required to be made on such date will be made on the next business day without any additional payment as a result of such delay.
The Trustee
The Trustee under the Indenture has two main roles. First, the Trustee can enforce your rights against us if we default on our
obligations under our debt securities. There are some limitations on the extent to which the Trustee acts on your behalf, described below under Default and Related MattersRemedies If an Event of Default Occurs. Second, the
Trustee performs administrative duties for us, such as sending you interest payments, sending you notices and transferring your debt securities to a new buyer if you sell.
Redemption at Our Option
We may redeem
the Series NN Notes in whole or in part, at any time and from time to time, at our option, prior to April 15, 2029 (one month prior to the maturity date of the Series NN Notes) (the Series NN Par Call Date), at a redemption price
(expressed as a percentage of principal amount and rounded to three decimal places) equal to the greater of:
(1) (a) the sum of the
present values of the remaining scheduled payments of principal and interest thereon discounted to the redemption date (assuming the Series NN Notes matured on the Series NN Par Call Date) on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 15 basis points less (b) interest accrued to the date of redemption, and
(2) 100% of the principal amount of the Series NN Notes to be redeemed,
plus, in either case, accrued and unpaid interest thereon to the redemption date.
On or after the Series NN Par Call Date, we may redeem the Series NN Notes, in whole or in part, at any time and from time to time, at our
option, at a redemption price equal to 100% of the principal amount of the Series NN Notes being redeemed plus accrued and unpaid interest thereon to the redemption date.
We may redeem the Series OO Notes in whole or in part, at any time and from time to time, at our option, prior to February 15, 2034
(three months prior to the maturity date of the Series OO Notes) (the Series OO Par Call Date and, together with the Series NN Par Call Date, the Par Call Dates, and each a separate Par Call Date), at a redemption
price (expressed as a percentage of principal amount and rounded to three decimal places) equal to the greater of:
(1) (a) the sum of the
present values of the remaining scheduled payments of principal and interest thereon discounted to the redemption date (assuming the Series OO Notes matured on the Series OO Par Call Date) on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 20 basis points less (b) interest accrued to the date of redemption, and
(2) 100% of the principal amount of the Series OO Notes to be redeemed,
plus, in either case, accrued and unpaid interest thereon to the redemption date.
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