Common use of Zero Coupon Notes Clause in Contracts

Zero Coupon Notes. (A) The Early Redemption Amount payable in respect of any Zero Coupon Note upon redemption of such Note pursuant to Condition 7(c) (Redemption for Taxation Reasons) or upon it becoming due and payable as provided in Condition 11 (Events of Default) shall be the amount calculated as provided below (such amount, the “Amortised Face Value” of such Note). (B) Subject to the provisions of sub-paragraph (C) below, the Amortised Face Amount of any such Note shall be the scheduled Final Redemption Amount of such Note on the Maturity Date discounted at a rate per annum (expressed as a percentage) equal to the Amortisation Yield specified in the applicable Final Terms (which, if none is shown in the applicable Final Terms, shall be such rate as would produce an Amortised Face Amount equal to the issue price of the Notes if they were discounted back to their issue price on the Issue Date) compounded annually. (C) If the Early Redemption Amount payable in respect of any such Note upon its redemption pursuant to Condition 7(c) (Redemption for Taxation Reasons) or upon it becoming due and payable as provided in Condition 11 (Events of Default) is not paid when due, the Early Redemption Amount due and payable in respect of such Note shall be the Amortised Face Amount of such Note as defined in sub-paragraph (B) above, except that such sub-paragraph shall have effect as though the date on which the Note becomes due and payable were the Relevant Date. The calculation of the Amortised Face Amount in accordance with this sub-paragraph shall continue to be made (as well after as before judgment) until the Relevant Date, unless the Relevant Date falls on or after the Maturity Date, in which case the amount due and payable shall be the scheduled Final Redemption Amount of such Note on the Maturity Date together with any interest that may accrue in accordance with Condition 5(c) (Zero Coupon Notes). Where such calculation is to be a made for a period of less than one year, it shall be made on the basis of the Day Count Fraction shown in the applicable Final Terms.

Zero Coupon Notes. (A) The Early Redemption Amount payable in respect of any Zero Coupon Note Note, the Early Redemption Amount of which is not linked to an index and/or a formula, upon redemption of such Note pursuant to Condition 7(c) (Redemption for Taxation Reasons5(c) or upon it becoming due and payable as provided in Condition 11 (Events of Default) 9 shall be the amount Amortised Face Amount (calculated as provided below (such amount, the “Amortised Face Value” below) of such Note)Note unless otherwise specified hereon. (B) Subject to the provisions of sub-paragraph (C) below, the Amortised Face Amount of any such Note shall be the scheduled Final Redemption Amount of such Note on the Maturity Date discounted at a rate per annum (expressed as a percentage) equal to the Amortisation Yield specified in the applicable Final Terms (which, if none is shown in the applicable Final Termshereon, shall be such rate as would produce an Amortised Face Amount equal to the issue price of the Notes if they were discounted back to their issue price on the Issue Date) compounded annually. (C) If the Early Redemption Amount payable in respect of any such Note upon its redemption pursuant to Condition 7(c) (Redemption for Taxation Reasons5(c) or upon it becoming due and payable as provided in Condition 11 (Events of Default) 9 is not paid when due, the Early Redemption Amount due and payable in respect of such Note shall be the Amortised Face Amount of such Note as defined in sub-paragraph (B) above, except that such sub-paragraph shall have effect as though the date on which the Note becomes due and payable were the Relevant Date. The calculation of the Amortised Face Amount in accordance with this sub-paragraph shall continue to be made (as well after as before judgmentjudgement) until the Relevant Date, unless the Relevant Date falls on or after the Maturity Date, in which case the amount due and payable shall be the scheduled Final Redemption Amount of such Note on the Maturity Date together with any interest that may accrue in accordance with Condition 5(c) (Zero Coupon Notes4(c). Where such calculation is to be a made for a period of less than one year, it shall be made on the basis of the Day Count Fraction shown in the applicable Final Termshereon.

Zero Coupon Notes. (A) The Early Redemption Amount payable in respect of any Zero Coupon Note Note, the Early Redemption Amount of which is not linked to an index and/or a formula, upon redemption of such Note pursuant to Condition 7(c) (Redemption for Taxation Reasons6(c) or upon it becoming due and payable as provided in Condition 11 (Events of Default) 10 shall be the amount Amortised Face Amount (calculated as provided below (such amount, the “Amortised Face Value” below) of such Note)Note unless otherwise specified hereon. (B) Subject to the provisions of sub-paragraph (C) below, the Amortised Face Amount of any such Note shall be the scheduled Final Redemption Amount of such Note on the Maturity Date discounted at a rate per annum (expressed as a percentage) equal to the Amortisation Yield specified in the applicable Final Terms (which, if none is shown in the applicable Final Termshereon, shall be such rate as would produce an Amortised Face Amount equal to the issue price of the Notes if they were discounted back to their issue price on the Issue Date) compounded annually. (C) If the Early Redemption Amount payable in respect of any such Note upon its redemption pursuant to Condition 7(c) (Redemption for Taxation Reasons6(c) or upon it becoming due and payable as provided in Condition 11 (Events of Default) 10 is not paid when due, the Early Redemption Amount due and payable in respect of such Note shall be the Amortised Face Amount of such Note as defined in sub-paragraph (B) above, except that such sub-paragraph shall have effect as though the date on which the Note becomes due and payable were the Relevant Date. The calculation of the Amortised Face Amount in accordance with this sub-paragraph shall continue to be made (as well both before and after as before judgment) until the Relevant Date, unless the Relevant Date falls on or after the Maturity Date, in which case the amount due and payable shall be the scheduled Final Redemption Amount of such Note on the Maturity Date together with any interest that may accrue in accordance with Condition 5(c) (Zero Coupon Notes). Where such calculation is to be a made for a period of less than one year, it shall be made on the basis of the Day Count Fraction shown in the applicable Final Termshereon.

Zero Coupon Notes. (A) The Early Redemption Amount payable in respect of any Zero Coupon Note Note, upon redemption of such Note pursuant to Condition 7(c6(c), Condition 6(d) (Redemption for Taxation Reasonsor Condition 6(e) or upon it becoming due and payable as provided in Condition 11 (Events of Default) 10 shall be the amount Amortised Face Amount (calculated as provided below (such amount, the “Amortised Face Value” below) of such Note)Note unless otherwise specified hereon. (B) Subject to the provisions of sub-paragraph (C) below, the Amortised Face Amount of any such Note shall be the scheduled Final Redemption Amount of such Note on the Maturity Date discounted at a rate per annum (expressed as a percentage) equal to the Amortisation Yield specified in the applicable Final Terms (which, if none is shown in the applicable Final Termshereon, shall be such rate as would produce an Amortised Face Amount equal to the issue price of the Notes if they were discounted back to their issue price on the Issue Date) compounded annually. (C) If the Early Redemption Amount payable in respect of any such Note upon its redemption pursuant to Condition 7(c6(c), Condition 6(d) (Redemption for Taxation Reasonsor Condition 6(e) or upon it becoming due and payable as provided in Condition 11 (Events of Default) 10 is not paid when due, the Early Redemption Amount due and payable in respect of such Note shall be the Amortised Face Amount of such Note as defined in sub-paragraph (B) above, except that such sub-paragraph subparagraph shall have effect as though the date on which the Note becomes due and payable were the Relevant Date. The calculation of the Amortised Face Amount in accordance with this sub-paragraph shall continue to be made (as well both before and after as before judgment) until the Relevant Date, unless the Relevant Date falls on or after the Maturity Date, in which case the amount due and payable shall be the scheduled Final Redemption Amount of such Note on the Maturity Date together with any interest that may accrue in accordance with Condition 5(c) (Zero Coupon Notes). Where such calculation is to be a made for a period of less than one year, it shall be made on the basis of the Day Count Fraction shown in the applicable Final Termshereon.

Zero Coupon Notes. (Ai) The Early Redemption amount payable in respect of any Zero Coupon Note, upon redemption of such Note pursuant to paragraph (b), (c) or (d) above or upon its becoming due and repayable as provided in Condition 7, shall be the Amortised Face Amount (calculated as provided below) of such Note. (ii) Subject to the provisions of sub-paragraph (iii) below, the Amortised Face Amount of any Zero Coupon Note shall be an amount equal to the sum of the Reference Price and the product of the Accrual Yield (compounded annually) being applied to the Reference Price on the basis of the relevant Day Count Fraction from (and including) the Issue Date of the first Tranche of the Notes to (but excluding) the date fixed for redemption or (as the case may be) the date upon which such Note becomes due and repayable. (iii) If the amount payable in respect of any Zero Coupon Note upon redemption of such Note pursuant to Condition 7(c) paragraph (Redemption for Taxation Reasonsb), (c) or (d) above or upon it its becoming due and payable repayable as provided in Condition 11 (Events of Default) shall be the amount calculated as provided below (such amount, the “Amortised Face Value” of such Note). (B) Subject to the provisions of sub-paragraph (C) below, the Amortised Face Amount of any such Note shall be the scheduled Final Redemption Amount of such Note on the Maturity Date discounted at a rate per annum (expressed as a percentage) equal to the Amortisation Yield specified in the applicable Final Terms (which, if none is shown in the applicable Final Terms, shall be such rate as would produce an Amortised Face Amount equal to the issue price of the Notes if they were discounted back to their issue price on the Issue Date) compounded annually. (C) If the Early Redemption Amount payable in respect of any such Note upon its redemption pursuant to Condition 7(c) (Redemption for Taxation Reasons) or upon it becoming due and payable as provided in Condition 11 (Events of Default) 7 is not paid when due, the Early Redemption Amount amount due and payable repayable in respect of such Note shall be the Amortised Face Amount of such Note as defined in calculated pursuant to sub-paragraph (Bii) above, except that such sub-paragraph that subparagraph shall have effect as though the reference therein to the date on which such Note becomes due and repayable were replaced by a reference to the date (the “Reference Date”) which is the earlier of (a) the date on which all sums due in respect of such Note up to that day are received by or on behalf of the holder thereof, and (b) the date on which the Note becomes Agent or the VP Agent, as applicable, has notified the holder thereof (either in accordance with Condition 11 or individually) of receipt of all sums due and payable were the Relevant Datein respect thereof up to that date. The calculation of the Amortised Face Amount in accordance with this sub-paragraph shall subparagraph will continue to be made (made, after as well after as before judgment) , until the Relevant Date, Reference Date unless the Relevant Reference Date falls on or after the Maturity Date, in which case the amount due and payable repayable shall be the scheduled Final Redemption Amount nominal amount of such Note on the Maturity Date together with any interest that which may accrue in accordance with Condition 5(c) (Zero Coupon Notes3(c). Where such calculation is to be a made for a period of less than one year, it shall be made on the basis of the Day Count Fraction shown in the applicable Final Terms.

Zero Coupon Notes. (A) A. The Early Redemption Amount payable in respect of any Zero Coupon Note Note, upon redemption of such Note pursuant to Condition 7(c), Condition 7(d) (Redemption for Taxation Reasonsor Condition 7(e) or upon it becoming due and payable as provided in Condition 11 (Events of Default) shall be the amount Amortised Face Amount (calculated as provided below (such amount, the “Amortised Face Value” below) of such Note).Note unless otherwise specified in the relevant Final Terms (B) B. Subject to the provisions of sub-paragraph (C) C. below, the Amortised Face Amount of any such Note shall be the scheduled Final Redemption Amount of such Note on the Maturity Date discounted at a rate per annum (expressed as a percentage) equal to the Amortisation Yield specified in the applicable Final Terms (which, if none is shown in the applicable relevant Final Terms, shall be such rate as would produce an Amortised Face Amount equal to the issue price of the Notes if they were discounted back to their issue price on the Issue Date) compounded annually. (C) C. If the Early Redemption Amount payable in respect of any such Note upon its redemption pursuant to Condition 7(c), Condition 7(d) (Redemption for Taxation Reasonsor Condition 7(e) or upon it becoming due and payable as provided in Condition 11 (Events of Default) is not paid when due, the Early Redemption Amount due and payable in respect of such Note shall be the Amortised Face Amount of such Note as defined in sub-paragraph (B) B. above, except that such sub-paragraph shall have effect as though the date on which the Note becomes due and payable were the Relevant Date. The calculation of the Amortised Face Amount in accordance with this sub-paragraph shall continue to be made (as well both before and after as before judgmentjudgement) until the Relevant Date, unless the Relevant Date falls on or after the Maturity Date, in which case the amount due and payable shall be the scheduled Final Redemption Amount of such Note on the Maturity Date together with any interest that may accrue in accordance with Condition 5(c) (Zero Coupon Notes6(c). Where such calculation is to be a made for a period of less than one year, it shall be made on the basis of the Day Count Fraction shown in the applicable relevant Final Terms.

Zero Coupon Notes. (A) The Early Redemption Amount payable in respect of any Zero Coupon Note Note, the Early Redemption Amount of which is not linked to an index and/or a formula, upon redemption of such Note pursuant to Condition 7(c) (Redemption for Taxation Reasons6(c) or upon it becoming due and payable as provided in Condition 11 (Events of Default) 10, shall be the amount Amortised Face Amount (calculated as provided below (such amount, the “Amortised Face Value” below) of such Note)Note unless otherwise specified in the Pricing Supplement. (B) Subject to the provisions of sub-paragraph (C) below, the Amortised Face Amount of any such Note shall be the scheduled Final Redemption Amount of such Note on the Maturity Date discounted at a rate per annum (expressed as a percentage) equal to the Amortisation Yield specified in the applicable Final Terms (which, if none is shown in the applicable Final TermsPricing Supplement, shall be such rate as would produce an Amortised Face Amount equal to the issue price of the Notes if they were discounted back to their issue price on the Issue Date) compounded annually. (C) If the Early Redemption Amount payable in respect of any such Note upon its redemption pursuant to Condition 7(c) (Redemption for Taxation Reasons6(c) or upon it becoming due and payable as provided in Condition 11 (Events of Default) 10 is not paid when due, the Early Redemption Amount due and payable in respect of such Note shall be the Amortised Face Amount of such Note as defined in sub-paragraph (B) above, except that such sub-paragraph shall have effect as though the date on which the Note becomes due and payable were the Relevant Date. The calculation of the Amortised Face Amount in accordance with this sub-paragraph shall continue to be made (as well after as before judgment) until the Relevant Date, unless the Relevant Date falls on or after the Maturity Date, in which case the amount due and payable shall be the scheduled Final Redemption Amount of such Note on the Maturity Date together with any interest that may accrue in accordance with Condition 5(c) (Zero Coupon Notes). Where such calculation is to be a made for a period of less than one year, it shall be made on the basis of the Day Count Fraction shown in the applicable Final TermsPricing Supplement.

Zero Coupon Notes. (Ai) The Unless otherwise specified in the relevant Pricing Supplement, the Early Redemption Amount payable in respect of any Note, the Rate of Interest of which is specified to be Zero Coupon Note Coupon, upon redemption of such Note pursuant to Condition 7(c8 or, if applicable, Condition 6(b) (Redemption for Taxation Reasonsor 6(c) or upon it becoming due and payable as provided in Condition 11 11, shall be: (Events a) if the Redemption Amount of Defaultsuch Note is variable, the Zero Coupon Early Redemption Amount of such Note specified in the relevant Pricing Supplement; or (b) shall be in any other case, the amount Amortised Face Amount (calculated as provided below (such amount, the “Amortised Face Value” below) of such Note). (Bi) Subject to the provisions of sub-paragraph (Ciii) below, the "Amortised Face Amount Amount" of any such Note shall be the scheduled Final Redemption Amount of such Note on the Maturity Date discounted at a rate per annum (expressed as a percentage) equal to the Amortisation Yield specified in the applicable Final Terms (which, if none is shown in the applicable Final TermsPricing Supplement, shall be such rate as would produce an Amortised Face Amount equal to the issue price of the Notes if they were discounted back to their issue price on the Issue DateDate (the "Amortisation Yield")) compounded annually. (Cii) If the Early Redemption Amount payable in respect of any such Note upon its redemption pursuant to Condition 7(c8 or, if applicable, Condition 6(b) (Redemption for Taxation Reasons) or 6(c), or upon it becoming due and payable (including as provided in Condition 11 (Events of Default) 11), is not paid when due, the Early Redemption Amount due and payable in respect of such Note shall be the Amortised Face Amount of such Note as defined in sub-paragraph (Bii) above, except that such sub-paragraph shall have effect as though the reference therein to the date on which the Note becomes due and payable were replaced by a reference to the Relevant Date. The calculation by the Issuer of the Amortised Face Amount in accordance with this sub-paragraph (iii) shall continue to be made (as well both before and after as before judgment) until the Relevant DateDate (as defined in Condition 8), unless the Relevant Date falls on or after the Maturity Date, in which case the amount due and payable shall be the scheduled Final Redemption Amount of such Note on the Maturity Date together with any interest that may accrue in accordance with Condition 5(c) (Zero Coupon Notes5(e). Where such calculation is to be a made for a period of less than one year, it shall be made on the basis of the Day Count Fraction shown in the applicable Final Terms.

Zero Coupon Notes. (A) A. The Early Redemption Amount payable in respect of any Zero Coupon Note Note, upon redemption of such Note pursuant to Condition 7(c), Condition 7(d) (Redemption for Taxation Reasonsor Condition 7(e) or upon it becoming due and payable as provided in Condition 11 (Events of Default) shall be the amount Amortised Face Amount (calculated as provided below (such amount, the “Amortised Face Value” below) of such Note).Note unless otherwise specified in the relevant Final Terms (B) B. Subject to the provisions of sub-paragraph (C) C. below, the Amortised Face Amount of any such Note shall be the scheduled Final Redemption Amount of such Note on the Maturity Date discounted at a rate per annum (expressed as a percentage) equal to the Amortisation Yield specified in the applicable Final Terms (which, if none is shown in the applicable relevant Final Terms, shall be such rate as would produce an Amortised Face Amount equal to the issue price of the Notes if they were discounted back to their issue price on the Issue Date) compounded annually. (C) C. If the Early Redemption Amount payable in respect of any such Note upon its redemption pursuant to Condition 7(c), Condition 7(d) (Redemption for Taxation Reasonsor Condition 7(e) or upon it becoming due and payable as provided in Condition 11 (Events of Default) is not paid when due, the Early Redemption Amount due and payable in respect of such Note shall be the Amortised Face Amount of such Note as defined in sub-paragraph (B) B. above, except that such sub-paragraph shall have effect as though the date on which the Note becomes due and payable were the Relevant Date. The calculation of the Amortised Face Amount in accordance with this sub-sub- paragraph shall continue to be made (as well both before and after as before judgmentjudgement) until the Relevant Date, unless the Relevant Date falls on or after the Maturity Date, in which case the amount due and payable shall be the scheduled Final Redemption Amount of such Note on the Maturity Date together with any interest that may accrue in accordance with Condition 5(c) (Zero Coupon Notes6(d). Where such calculation is to be a made for a period of less than one year, it shall be made on the basis of the Day Count Fraction shown in the applicable relevant Final Terms.

Zero Coupon Notes. (A) The Early Redemption Amount payable in respect of any Zero Coupon Note Note, the Early Redemption Amount of which is not linked to an index and/or a formula, upon redemption of such Note pursuant to Condition 7(c6(c) (Redemption for Taxation Reasons), Condition 6(d) (Redemption at the Option of the Issuer), Condition 6(e) (Redemption at the Option of Noteholders), Condition 6(f) (Redemption Following Change of Control) or upon it becoming due and payable as provided in Condition 11 10 (Events of Default) shall be the amount Amortised Face Amount (calculated as provided below (such amount, the “Amortised Face Value” below) of such Note)Note unless otherwise specified hereon. (B) Subject to the provisions of sub-paragraph (C) below, the Amortised Face Amount of any such Note shall be the scheduled Final Redemption Amount of such Note on the Maturity Date discounted at a rate per annum (expressed as a percentage) equal to the Amortisation Yield specified in the applicable Final Terms (which, if none is shown in the applicable Final Termshereon, shall be such rate as would produce an Amortised Face Amount equal to the issue price of the Notes if they were discounted back to their issue price on the Issue Date) compounded annually. (C) If the Early Redemption Amount payable in respect of any such Note upon its redemption pursuant to Condition 7(c6(c) (Redemption for Taxation Reasons), Condition 6(d) (Redemption at the Option of the Issuer), Condition 6(e) (Redemption at the Option of Noteholders) or Condition 6(f) (Redemption Following Change of Control) or upon it becoming due and payable as provided in Condition 11 10 (Events of Default) is not paid when due, the Early Redemption Amount due and payable in respect of such Note shall be the Amortised Face Amount of such Note as defined in sub-paragraph (B) above, except that such sub-sub- paragraph shall have effect as though the date on which the Note becomes due and payable were the Relevant Date. The calculation of the Amortised Face Amount in accordance with this sub-paragraph shall continue to be made (as well both before and after as before judgment) until the Relevant Date, unless the Relevant Date falls on or after the Maturity Date, in which case the amount due and payable shall be the scheduled Final Redemption Amount of such Note on the Maturity Date together with any interest that may accrue in accordance with Condition 5(c) (Zero Coupon Notes). Where such calculation is to be a made for a period of less than one year, it shall be made on the basis of the Day Count Fraction shown in the applicable Final Termshereon.

Zero Coupon Notes. (A) The Early Redemption Amount payable in respect of any Zero Coupon Note Note, the Early Redemption Amount of which is not linked to an index and/or a formula, upon redemption of such Note pursuant to Condition 7(c) (Redemption for Taxation Reasons6(c) or upon it becoming due and payable as provided in Condition 11 (Events of Default) 10, shall be the amount Amortised Face Amount (calculated as provided below (such amount, the “Amortised Face Value” below) of such Note)Note unless otherwise specified in the Pricing Supplement. (B) Subject to the provisions of sub-paragraph (C) below, the Amortised Face Amount of any such Note shall be the scheduled Final Redemption Amount of such Note on the Maturity Date discounted at a rate per annum (expressed as a percentage) equal to the Amortisation Yield specified in the applicable Final Terms (which, if none is shown in the applicable Final TermsPricing Supplement, shall be such rate as would produce an Amortised Face Amount equal to the issue price of the Notes if they were discounted back to their issue price on the Issue Date) compounded annually. (C) If the Early Redemption Amount payable in respect of any such Note upon its redemption pursuant to Condition 7(c) (Redemption for Taxation Reasons6(c) or upon it becoming due and payable as provided in Condition 11 (Events of Default) 10 is not paid when due, the Early Redemption Amount due and payable in respect of such Note shall be the Amortised Face Amount of such Note as defined in sub-paragraph (B) above, except that such sub-paragraph shall have effect as though the date on which the Note becomes due and payable were the Relevant Date. The calculation of the Amortised Face Amount in accordance with this sub-paragraph shall continue to be made (as well both before and after as before judgment) until the Relevant Date, unless the Relevant Date falls on or after the Maturity Date, in which case the amount due and payable shall be the scheduled Final Redemption Amount of such Note on the Maturity Date together with any interest that may accrue in accordance with Condition 5(c) (Zero Coupon Notes). Where such calculation is to be a made for a period of less than one year, it shall be made on the basis of the Day Count Fraction shown in the applicable Final TermsPricing Supplement.

Zero Coupon Notes. (A) The Early Redemption Amount payable in respect of any Zero Coupon Note upon redemption of such Note pursuant to Condition 7(c6(c) (Redemption for Taxation Reasons) or upon it becoming due and payable as provided in Condition 11 10 (Events of Default) shall be the amount Amortised Face Amount (calculated as provided below (such amount, the “Amortised Face Value” below) of such Note)Note unless otherwise specified in the relevant Final Terms. (B) Subject to the provisions of sub-paragraph (C) below, the amortised face amount (the “Amortised Face Amount Amount”) of any such Note shall be the scheduled Final Redemption Amount of such Note on the Maturity Date discounted at a rate per annum (expressed as a percentage) equal to the Amortisation Yield specified set out in the applicable relevant Final Terms (which, if none is shown in the applicable relevant Final Terms, shall be such rate as would produce an Amortised Face Amount amortised face amount equal to the issue price of the Notes if they were discounted back to their issue price on the Issue Date) compounded annually. (C) If the Early Redemption Amount payable in respect of any such Note upon its redemption pursuant to Condition 7(c6(c) (Redemption for Taxation Reasons) or upon it becoming due and payable as provided in Condition 11 10 (Events of Default) is not paid when due, the Early Redemption Amount due and payable in respect of such Note shall be the Amortised Face Amount of such Note as defined in sub-paragraph (B) above, except that such sub-sub- paragraph shall have effect as though the date on which the Note becomes due and payable were the Relevant Date. The calculation of the Amortised Face Amount in accordance with this sub-paragraph shall continue to be made (as well both before and after as before judgment) until the Relevant Date, unless the Relevant Date falls on or after the Maturity Date, in which A39784541 77 case the amount due and payable shall be the scheduled Final Redemption Amount of such Note on the Maturity Date together with any interest that may accrue in accordance with Condition 5(c5(d) (Zero Coupon NotesAccrual of Interest). . (D) Where such calculation is to be a made for a period of less than one year, it shall be made on the basis of the Day Count Fraction shown in the applicable relevant Final Terms.

Zero Coupon Notes. (A) The Early Redemption Amount payable in respect of any Zero Coupon Note Note, the Early Redemption Amount of which is not linked to an index and/or a formula, upon redemption of such Note pursuant to Condition 7(c‎6(c) (Redemption for Taxation Reasons) or upon it becoming due and payable as provided in Condition 11 ‎11 (Events of Default) shall be the amount Amortised Face Amount (calculated as provided below (such amount, the “Amortised Face Value” below) of such Note)Note unless otherwise specified in the Final Terms. (B) Subject to the provisions of sub-paragraph (C‎(C) below, the Amortised Face Amount of any such Note shall be the scheduled Final Redemption Amount of such Note on the Maturity Date discounted at a rate per annum (expressed as a percentage) equal to the Amortisation Yield specified in the applicable Final Terms (which, if none is shown in the applicable Final Terms, shall be such rate as would produce an Amortised Face Amount equal to the issue price of the Notes if they were discounted back to their issue price on the Issue Date) compounded annually. (C) If the Early Redemption Amount payable in respect of any such Note upon its redemption pursuant to Condition 7(c6(c) (Redemption for Taxation Reasons) or upon it becoming due and payable as provided in Condition 11 ‎11 (Events of Default) is not paid when due, the Early Redemption Amount due and payable in respect of such Note shall be the Amortised Face Amount of such Note as defined in sub-paragraph (B‎(B) above, except that such sub-paragraph shall have effect as though the date on which the Note becomes due and payable were the Relevant Date. The calculation of the Amortised Face Amount in accordance with this sub-paragraph subparagraph shall continue to be made (as well both before and after as before judgment) until the Relevant Date, unless the Relevant Date falls on or after the Maturity Date, in which case the amount due and payable shall be the scheduled Final Redemption Amount of such Note on the Maturity Date together with any interest that may accrue in accordance with Condition 5(c‎5(c) (Zero Coupon Notes). Where such calculation is to be a made for a period of less than one year, it shall be made on the basis of the Day Count Fraction shown in the applicable Final Terms.

Zero Coupon Notes. (A) The Early Redemption Amount payable in respect of any Zero Coupon Note upon redemption of such Note pursuant to Condition 7(c6(c), Condition 6(d) (Redemption for Taxation Reasonsor Condition 6(g) or upon it becoming due and payable as provided in Condition 11 (Events of Default) 10 shall be the amount Amortised Face Amount (calculated as provided below (such amount, the “Amortised Face Value” below) of such Note)Note unless otherwise specified hereon. (B) Subject to the provisions of sub-paragraph (C) below, the Amortised Face Amount of any such Note shall be the scheduled Final Redemption Amount of such Note on the Maturity Date discounted at a rate per annum (expressed as a percentage) equal to the Amortisation Yield specified in the applicable Final Terms (which, if none is shown in the applicable Final Termshereon, shall be such rate as would produce an Amortised Face Amount equal to the issue price of the Notes if they were discounted back to their issue price on the Issue Date) compounded annually. (C) If the Early Redemption Amount payable in respect of any such Note upon its redemption pursuant to Condition 7(c6(c), Condition 6(d) (Redemption for Taxation Reasonsor Condition 6(g) or upon it becoming due and payable as provided in Condition 11 (Events of Default) 10 is not paid when due, the Early Redemption Amount due and payable in respect of such Note shall be the Amortised Face Amount of such Note as defined in sub-paragraph (B) above, except that such sub-paragraph shall have effect as though the date on which the Note becomes due and payable were the Relevant Date. The calculation of the Amortised Face Amount in accordance with this sub-paragraph shall continue to be made (as well both before and after as before judgment) until the Relevant Date, unless the Relevant Date falls on or after the Maturity Date, in which case the amount due and payable shall be the scheduled Final Redemption Amount of such Note on the Maturity Date together with any interest that may accrue in accordance with Condition 5(c) (Zero Coupon Notes). Where such calculation is to be a made for a period of less than one year, it shall be made on the basis of the Day Count Fraction shown in the applicable Final Termshereon.

Zero Coupon Notes. (A) The Early Redemption Amount payable in respect of any Zero Coupon Note upon redemption of such Note pursuant to Condition 7(c6(c) (Redemption for Taxation Reasons) or upon it becoming due and payable as provided in Condition 11 10 (Events of Default) shall be the amount calculated as provided below (such amount, the “Amortised Face Value” of such Note). (B) Subject to the provisions of sub-paragraph (C) below, the Amortised Face Amount of any such Note shall be the scheduled Final Redemption Amount of such Note on the Maturity Date discounted at a rate per annum (expressed as a percentage) equal to the Amortisation Yield specified in the applicable Final Terms (which, if none is shown in the applicable Final Terms, shall be such rate as would produce an Amortised Face Amount equal to the issue price of the Notes if they were discounted back to their issue price on the Issue Date) compounded annually. (C) If the Early Redemption Amount payable in respect of any such Note upon its redemption pursuant to Condition 7(c6(c) (Redemption for Taxation Reasons) or upon it becoming due and payable as provided in Condition 11 10 (Events of Default) is not paid when due, the Early Redemption Amount due and payable in respect of such Note shall be the Amortised Face Amount of such Note as defined in sub-paragraph (B) above, except that such sub-paragraph shall have effect as though the date on which the Note becomes due and payable were the Relevant Date. The calculation of the Amortised Face Amount in accordance with this sub-paragraph shall continue to be made (as well after as before judgment) until the Relevant Date, unless the Relevant Date falls on or after the Maturity Date, in which case the amount due and payable shall be the scheduled Final Redemption Amount of such Note on the Maturity Date together with any interest that may accrue in accordance with Condition 5(c) (Zero Coupon Notes). Where such calculation is to be a made for a period of less than one year, it shall be made on the basis of the Day Count Fraction shown in the applicable Final Terms.