[FORM OF REVERSE SIDE OF 2020 NOTE]
This Note is one of a duly authorized series of securities (the Securities) of the Issuer designated as its 0.900% Notes due December 3, 2025 (the Notes). The Securities are all issued or to be issued under and pursuant to an Indenture, dated as of December 4, 2012 (the Indenture), duly executed and delivered between the Issuer and Wells Fargo Bank, National Association as trustee with respect to the Notes (the Trustee), to which the Indenture and all indentures supplemental thereto reference is hereby made for a statement of the respective rights thereunder of the Issuer, the Trustee and the Holders of the Securities and the terms upon which the Notes are to be authenticated and delivered. The terms of individual series of Securities may vary with respect to interest rate or interest rate formulas, issue dates, maturity, redemption, repayment, currency of payment and otherwise.
The Notes are issuable only as Registered Securities in minimum denominations of $2,000 and integral multiples of $1,000 in excess thereof. As provided in the Indenture and subject to certain limitations therein set forth, the Notes are exchangeable for a like aggregate principal amount of Notes as requested by the Holder surrendering the same.
Except as set forth below, this Note is not redeemable and is not entitled to the benefit of a sinking fund or any analogous provision.
Prior to November 3, 2025, the Notes may be redeemed in whole, at any time, or in part, from time to time, at the option of the Issuer, for cash, at a redemption price equal to the greater of: (i) 100% of their principal amount; or (ii) an amount, as determined by the Quotation Agent equal to the sum of the present values of the remaining scheduled payments of principal, premium, if any, and interest thereon (not including any portion of such payments of interest accrued to the date of redemption), to November 3, 2020, discounted to the date of redemption on a semi-annual basis, assuming a 360-day year consisting of twelve 30-day months, at the Treasury Rate, plus 10 basis points, plus in each case accrued and unpaid interest thereon to, but not including the date of redemption. On or after November 3, 2025, the Notes may be redeemed in whole, at any time, or in part, from time to time, at the option of the Issuer, for cash, at a redemption price equal to 100% of the principal amount of the 2025 Notes, plus, in each case, accrued and unpaid interest thereon to, but not including the date of redemption. Notwithstanding the foregoing, installments of interest on Notes that are due and payable on interest payment dates falling on or prior to a redemption date will be payable on the interest payment date to the registered Holders as of the close of business on the relevant record date.
Comparable Treasury Issue means the United States Treasury security selected by the Quotation Agent as having a maturity comparable to the remaining term of the Notes that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the remaining term of the Notes.
Comparable Treasury Price means, with respect to any redemption date, (i) the average of four Reference Treasury Dealer Quotations for such redemption date, after excluding the highest and lowest of such Reference Treasury Dealer Quotations, or (ii) if the Issuer is provided fewer than four such Reference Treasury Dealer Quotations, the average of all such quotations.