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Key Program Features: MTN Callable


Amounts

$5 million and up
Maturities Normally 12 months through 30 years
First call dates Normally, as short as 3 months and as long as 10 years
Ratings AA+/Negative (S&P), Aaa/Negative (Moody's), AAA (Fitch)
Offering timeframe Continuously throughout the calendar year
Clearing and settlement Fed Book-Entry System / For Globals: Fedwire, Euroclear, Clearstream
Minimum denominations $1,000 or greater in increments of $1,000 / For Globals: $100,000 or greater in increments of $1,000
Redemption In full at par on the earlier of the final maturity date or the first exercised call date
Day count convention Normally 30/360
Interest payment frequency Depending upon investors' requirements, can be annually, semiannually, quarterly, monthly or other
Documentation Domestic MTN Program
Governing law New York

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