below plus basis points for the 20 fixed rate notes and
plus basis points for the 20 fixed rate notes, plus, in each case, accrued and unpaid interest on the principal amount of the
notes to be redeemed to the date of redemption. We will calculate the redemption price.
At any time on or after the
20 Par Call Date, with respect to the 20 fixed rate notes, and the 20 Par Call Date, with respect to the 20 fixed rate notes, we may redeem the notes, in
whole or in part, at a redemption price equal to 100% of the principal amount of such notes of such series being redeemed, plus accrued and unpaid interest on the principal amount of such notes of such series to be redeemed to the date of
redemption.
Comparable Government Bond Rate means, with respect to any redemption date, the rate per annum equal to the yield
to maturity, expressed as a percentage (rounded to three decimal places, with 0.0005 being rounded upwards), on the third business day prior to the date fixed for redemption, calculated in accordance with customary financial practice in pricing new
issues of comparable corporate debt securities paying interest on an annual basis (ACTUAL/ACTUAL (ICMA)) of the Comparable Government Bond (as defined below), assuming a price for the Comparable Government Bond (expressed as a percentage of its
principal amount) equal to the Comparable Government Bond Price for such redemption date.
Comparable Government Bond means,
in relation to any Comparable Government Bond Rate calculation, the German government bond (Bundesanleihe) selected by an Independent Investment Banker as having an actual or interpolated maturity comparable to the remaining term of the notes to be
redeemed that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing new issues of euro-denominated corporate debt securities of a comparable maturity to the remaining term of such notes.
Independent Investment Banker means one of the Reference Government Bond Dealers selected by us.
Comparable Government Bond Price means, with respect to any redemption date, (1) the arithmetic average of the Reference
Government Bond Dealer Quotations for such redemption date, after excluding the highest and lowest such Reference Government Bond Dealer Quotations, or (2) if we obtain fewer than four such Reference Government Bond Dealer Quotations, the
arithmetic average of all such quotations.
Reference Government Bond Dealer means each of (i) Deutsche Bank AG, London
Branch, J.P. Morgan Securities plc, Morgan Stanley & Co. International plc and UniCredit Bank AG or any of their affiliates that are primary European government securities dealers, and their respective successors; provided that if
any of the foregoing or any of their affiliates shall cease to be a primary European government securities dealer (Primary Dealer), we shall substitute therefor another Primary Dealer and (ii) three other Primary Dealers selected by
us.
Reference Government Bond Dealer Quotations means, with respect to each Reference Government Bond Dealer and any
redemption date, the arithmetic average, as determined by us, of the bid and asked prices for the Comparable Government Bond (expressed in each case as a percentage of its principal amount) quoted in writing to us by such Reference Government Bond
Dealer at 11:00 a.m., Brussels time, on the third business day preceding such redemption date.
Notice of any redemption will be mailed at
least 10 days but not more than 60 days before the redemption date to each holder of notes of such series to be redeemed. If we elect to redeem fewer than all the notes of such series, the trustee will select the particular notes of such series to
be redeemed by such method that the trustee deems fair and appropriate; provided that if the notes of such series are represented by one or more global securities, beneficial interests therein will be selected for redemption by Clearstream
and Euroclear in accordance with their respective applicable procedures therefor; and provided, further, that no notes of a principal amount of 100,000 or less will be redeemed in part.
Any redemption may, at our discretion, be subject to one or more conditions precedent, which will be set forth in the related notice of
redemption, including, but not limited to, completion of an offering or financing or
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