the Indenture, the terms of this 5.800% Note shall control. The Securities may be issued in one or more series, which different series may be issued in various aggregate principal amounts, may mature at different times, may bear interest (if any) at different rates, may be subject to different redemption provisions (if any), and may otherwise vary as in the Indenture provided. This 5.800% Note is one of two (2) global notes, which together represent all of the Companys 5.800% Senior Notes due 2025 (CUSIP: 02005N BJ8) registered with the United States Securities and Exchange Commission (the 5.800% Notes, which term shall include any Additional Notes (as defined below)), limited in initial issuance to the aggregate principal amount of $750,000,000. The 5.800% Notes will bear interest, calculated on the basis of a 360-day year consisting of twelve 30-day months.
The 5.800% Notes are in registered book-entry form without coupons in initial denominations of $2,000 and integral multiples of $1,000 in excess thereof.
The 5.800% Notes do not have the benefit of a sinking fund.
The 5.800% Notes will be redeemable at the Companys option, in whole or in part, at any time or from time to time, on or after October 5, 2020 (or, if Additional Notes (as defined below) are issued after April 8, 2020, beginning 180 days after the issue date of such Additional Notes), and prior to the Applicable Par Call Date, in each case at a redemption price, plus accrued and unpaid interest thereon, if any, to, but excluding, the redemption date, equal to the greater of:
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100% of the aggregate principal amount of the 5.800% Notes being redeemed on that redemption date; and
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the sum of the present values of the remaining scheduled payments of principal and interest on the 5.800% Notes being redeemed that would be due if the 5.800% Notes to be redeemed matured on the Applicable Par Call Date (not including any portion of such payments of interest accrued to the redemption date) discounted to the redemption date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the applicable Treasury Rate plus the Applicable Spread for the 5.800% Notes to be redeemed.
On and after the Applicable Par Call Date, the 5.800% Notes will be redeemable, in whole or in part, at any time and from time to time, at the Companys option at a redemption price equal to 100% of the aggregate principal amount of the 5.800% Notes being redeemed, plus accrued and unpaid interest thereon, if any, to, but excluding, the redemption date.
If the Company redeems 5.800% Notes at its option, then (a) notwithstanding the foregoing, installments of interest on the 5.800% Notes that are due and payable on any Interest Payment Date falling on or prior to a redemption date for the 5.800% Notes will be payable on that Interest Payment Date to the registered holders thereof as of the close of business on the relevant record date according to the terms of the 5.800% Notes and the Indenture and (b) the redemption price will, if applicable, be calculated on the basis of a 360-day year consisting of twelve 30-day months.
Applicable Par Call Date means April 1, 2025 (30 days prior to the maturity date).
Applicable Spread means 50 basis points.