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comparable treasury price means, with respect to any redemption date, (1) the average of the reference treasury
dealer quotations for such redemption date, after excluding the highest and lowest reference treasury dealer quotations, provided that the quotation agent obtains five reference treasury dealer quotations, or (2) if the quotation agent obtains
fewer than five such reference treasury dealer quotations, the average of all such quotations.
quotation agent means BofA Securities, Inc., or its successor, or, if that firm is unwilling or unable to select the comparable treasury
issue, an investment bank of national standing appointed by the Issuer.
reference treasury dealer means (1) BofA Securities, Inc., or its successor, unless that firm ceases to be a primary U.S. government
securities dealer in New York City (referred to in this term sheet as a primary treasury dealer), in which case the Issuer will substitute another primary treasury dealer and (2) four other primary treasury dealer(s) that the Issuer
may select.
reference treasury dealer quotations means, with
respect to each reference treasury dealer and any redemption date, the average, as determined by the quotation agent, of the bid and asked prices for the applicable comparable treasury issue (expressed in each case as a percentage of its principal
amount) quoted in writing to the quotation agent by such reference treasury dealer at 3:30 p.m., New York City time, on the third business day preceding such redemption date.
Unless the Issuer defaults on payment of the applicable redemption price, interest will cease to accrue on the Notes or portions thereof called for redemption
on the applicable redemption date. If fewer than all of the Notes are to be redeemed, for so long as such notes are in book-entry only form, such Notes to be redeemed will be selected in accordance with the procedures of The Depository Trust
Company.
Because BofA Securities, Inc. is, and any successor to BofA Securities,
Inc. will be, an affiliate of the Issuer, the economic interests of BofA Securities, Inc. or its successor may be adverse to your interests as a holder of the Notes subject to the Issuers redemption, including with respect to certain
determinations and judgments it must make as quotation agent in the event that the Issuer redeems the Notes before their maturity pursuant to the make-whole optional redemption described above.
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