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Key Program Features: Reference Notes® Securities


Initial issues

For maturities of 2 - 10 years. No minimum size.
Reopenings For maturities of 2 - 10 years. No minimum size.
Maturities 2-, 3-, 5-, 10- year maturities. Longer dated maturities according to market conditions with advance notice.
Ratings AA+/Negative (S&P), Aaa/Negative (Moody's), AAA (Fitch)
Dealer group Global syndication using more than 40 top investment banks worldwide
Clearing and settlement Fedwire, Euroclear and Clearstream
Minimum denominations $2,000 or greater, in increments of $1,000
Redemption At par on maturity date. No prepayments
Day count convention 30/360
Interest payment frequency Semiannually
Documentation Global debt facility
Governing law New York

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