Prior to the applicable Par Call Date (as defined below), we may redeem the Fixed Rate Notes of the applicable series at our option, in whole or in part, at any time and from time to time 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 that the Fixed Rate Notes being redeemed matured on the applicable Par Call Date) on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate (as defined below) plus 15 basis points with respect to the 2029 Fixed Rate Notes, 20 basis points with respect to the 2031 Fixed Rate Notes, 20 basis points with respect to the 2033 Fixed Rate Notes, 25 basis points with respect to the 2036 Fixed Rate Notes, 30 basis points with respect to the 2046 Fixed Rate Notes, 30 basis points with respect to the 2056 Fixed Rate Notes and 30 basis points with respect to the 2066 Fixed Rate Notes, less (b) interest accrued to the date of redemption, and

(2) 100% of the principal amount of the Fixed Rate Notes to be redeemed,

plus, in either case, accrued and unpaid interest thereon to the applicable redemption date.

“Par Call Date” means, with respect to the 2029 Fixed Rate Notes, January 4, 2029 (one month prior to the maturity date of the 2029 Fixed Rate Notes), with respect to the 2031 Fixed Rate Notes, January 4, 2031 (one month prior to the maturity date of the 2031 Fixed Rate Notes) , with respect to the 2033 Fixed Rate Notes, March 4, 2033 (two months prior to the maturity date of the 2033 Fixed Rate Notes), with respect to the 2036 Fixed Rate Notes, November 4, 2035 (three months prior to the maturity date of the 2036 Fixed Rate Notes), with respect to the 2046 Fixed Rate Notes, August 4, 2045 (six months prior to the maturity date of the 2046 Fixed Rate Notes), with respect to the 2056 Fixed Rate Notes, August 4, 2055 (six months prior to the maturity date of the 2056 Fixed Rate Notes) and with respect to the 2066 Fixed Rate Notes, August 4, 2065 (six months prior to the maturity date of the 2066 Fixed Rate Notes).