Unless the certificate of authentication hereon has been duly executed by the Trustee by manual signature, this Security shall not be entitled to any benefit under the Indenture, or be valid or obligatory for any purpose.
This Security is one of a duly authorized issue of securities of the Company, designated as the 1.500% Senior Notes due 2031 (the Securities), issued under an Indenture dated as of March 26, 2009, as it may be supplemented from time to time (referred to herein as the Indenture), between the Company and U.S. Bank National Association, as trustee (referred to herein as the Trustee, which term includes any successor trustee under the Indenture with respect to the series of which this Security is a part). A reference is hereby made to the Indenture for a statement of the respective rights, limitations of rights, duties, obligations and immunities thereunder of the Company, the Trustee and the Holders of the Securities, and of the terms upon which the Securities are, and are to be, authenticated and delivered, except as otherwise provided herein.
The Securities are initially limited to $600,000,000 aggregate principal amount. The Company may, at any time, without the consent of the Holders of the Securities, issue additional securities having the same ranking, interest rate, maturity and other terms (except for the issue date, public offering price and, if applicable, the first interest payment date) as the Securities. Any such additional securities shall be consolidated and form the same series of the Securities having the same terms as to status, redemption and otherwise as the Securities under the Indenture.
Events of Default. If an Event of Default shall occur and be continuing, the principal of all the Securities may be declared due and payable in the manner and with the effect provided in the Indenture.
Optional Redemption. The Securities will be redeemable prior to maturity at the Companys option, at any time in whole or from time to time in part. Prior to October 15, 2030, the Redemption Price will be equal to the greater of:
(a) 100% of the principal amount of the Securities to be redeemed, and
(b) as determined by the Quotation Agent, the sum of the present values of the Remaining Scheduled Payments of principal and interest on the Securities to be redeemed that would be due if the Securities matured on the Par Call Date, discounted to the Redemption Date on a semi-annual basis assuming a 360-day year consisting of twelve 30-day months at the Adjusted Treasury Rate plus 15 basis points;
plus, in each case, accrued and unpaid interest on the principal amount of Securities being redeemed to the Redemption Date.
At any time on or after October 15, 2030, the Redemption Price will be equal to 100% of the principal amount of the Securities to be redeemed, plus accrued and unpaid interest thereon to the Redemption Date.
Adjusted Treasury Rate means, for any Redemption Date, the rate per annum equal to the semi-annual equivalent yield to maturity of the Comparable Treasury Issue, assuming a price of the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for that Redemption Date.